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NCM

Next Capital Management Portfolio holdings

AUM $330M
1-Year Est. Return 11.54%
This Fund
S&P 500
This Quarter Est. Return
-0.39%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$138M
AUM Growth
-$19.3M
Cap. Flow
-$18.3M
Cap. Flow %
-13.32%
Top 10 Hldgs %
43.86%
Holding
117
New
9
Increased
20
Reduced
26
Closed
14

Top Buys

1
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$724K
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$707K
3
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$611K
4
MDXG icon
MiMedx Group
MDXG
+$586K
5
SGFY
Signify Health, Inc.
SGFY
+$509K

Top Sells

1
GMED icon
Globus Medical
GMED
+$8.61M
2
BRW
Saba Capital Income & Opportunities Fund
BRW
+$2.73M
3
META icon
Meta Platforms (Facebook)
META
+$2.67M
4
FRA icon
BlackRock Floating Rate Income Strategies Fund
FRA
+$1.8M
5
GBDC icon
Golub Capital BDC
GBDC
+$1.04M

Sector Composition

1 Financials 7.92%
2 Technology 6.45%
3 Communication Services 5.02%
4 Healthcare 4.5%
5 Consumer Staples 1.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$891B
$14M 10.19%
32,558
+1,596
+5% +$707K
QQQ icon
2
Invesco QQQ Trust
QQQ
$473B
$8.83M 6.41%
24,667
+130
+0.5% +$47.9K
XLF icon
3
State Street Financial Select Sector SPDR ETF
XLF
$55.3B
$8.06M 5.85%
214,692
+19,363
+10% +$724K
AAPL icon
4
Apple
AAPL
$4.89T
$5.52M 4.01%
39,019
-4,764
-11% -$701K
AFT
5
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$4.85M 3.52%
306,946
-6,242
-2% -$98.1K
XLV icon
6
State Street Health Care Select Sector SPDR ETF
XLV
$41.5B
$4.14M 3.01%
32,541
+4,620
+17% +$611K
VTI icon
7
Vanguard Total Stock Market ETF
VTI
$664B
$4.1M 2.98%
18,459
– –
META icon
8
Meta Platforms (Facebook)
META
$1.69T
$3.73M 2.71%
11,000
-7,404
-40% -$2.67M
SCHX icon
9
Schwab US Large- Cap ETF
SCHX
$72.4B
$3.65M 2.65%
210,390
+3,522
+2% +$62.8K
GBDC icon
10
Golub Capital BDC
GBDC
$3.47B
$3.5M 2.54%
221,041
-66,422
-23% -$1.04M
JRO
11
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$3.02M 2.19%
302,016
-14,862
-5% -$146K
TFX icon
12
Teleflex
TFX
$5.99B
$2.97M 2.15%
7,880
– –
JPM icon
13
JPMorgan Chase
JPM
$912B
$2.86M 2.07%
17,445
– –
JFR icon
14
Nuveen Floating Rate Income Fund
JFR
$1.24B
$2.71M 1.97%
269,183
-15,152
-5% -$150K
SCHA icon
15
Schwab U.S Small- Cap ETF
SCHA
$22.8B
$2.7M 1.96%
107,960
+10,424
+11% +$265K
BRW
16
Saba Capital Income & Opportunities Fund
BRW
$340M
$2.44M 1.77%
267,927
-297,688
-53% -$2.73M
BRK.B icon
17
Berkshire Hathaway Class B
BRK.B
$1.06T
$2.38M 1.73%
8,708
– –
IJR icon
18
iShares Core S&P Small-Cap ETF
IJR
$111B
$2.21M 1.61%
20,284
-14
-0.1% -$1.54K
FRA icon
19
BlackRock Floating Rate Income Strategies Fund
FRA
$382M
$2.09M 1.52%
156,530
-135,157
-46% -$1.8M
NSL
20
DELISTED
NUVEEN SENIOR INCM FD
NSL
$2.04M 1.48%
347,443
-20,744
-6% -$121K
NRK icon
21
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$931M
$2M 1.45%
144,857
-7,588
-5% -$108K
JSD
22
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$1.96M 1.42%
129,538
-11,627
-8% -$172K
VOT icon
23
Vanguard Mid-Cap Growth ETF
VOT
$19.2B
$1.78M 1.29%
7,530
– –
IEFA icon
24
iShares Core MSCI EAFE ETF
IEFA
$187B
$1.63M 1.18%
21,946
+1,682
+8% +$128K
VNQ icon
25
Vanguard Real Estate ETF
VNQ
$39.7B
$1.45M 1.05%
14,224
– –
1
2 3 4 5

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Next Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Next Capital Management held 117 positions worth $138M, down 12% from $157M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Next Capital Management withdrew a net $18.3M in Q3 2021, closing 14 positions and reducing 26 holdings. Its most notable exit was Globus Medical, an estimated $8.61M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.9% of assets, up from 7.4% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Next Capital Management opened a new position in Signify Health, Inc. worth $354K.

  • Next Capital Management's largest Q3 2021 buy was Signify Health, Inc.: 19,793 shares worth $354K.
  • Next Capital Management added most to State Street Financial Select Sector SPDR ETF in Q3 2021, an estimated $724K increase.
  • Next Capital Management's biggest Q3 2021 reduction was Saba Capital Income & Opportunities Fund, cutting an estimated $2.73M.
  • Next Capital Management fully exited Globus Medical in Q3 2021, selling an estimated $8.61M.
  • Next Capital Management's ten largest holdings make up 44% of its $138M portfolio in Q3 2021.
  • Next Capital Management opened 9 new positions and closed 14 in Q3 2021.
  • Next Capital Management's portfolio value fell 12% quarter-over-quarter to $138M.

Based on Next Capital Management's 13F filing for Q3 2021, filed 19 Oct 2021.