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NCM

Next Capital Management Portfolio holdings

AUM $370M
1-Year Est. Return 13.07%
This Fund
S&P 500
This Quarter Est. Return
-4.83%
1 Year Est. Return
+13.07%
3 Year Est. Return
+61.26%
5 Year Est. Return
+63.83%
10 Year Est. Return
–
AUM
$132M
AUM Growth
-$5.28M
Cap. Flow
+$4.4M
Cap. Flow %
3.33%
Top 10 Hldgs %
44.12%
Holding
122
New
6
Increased
47
Reduced
10
Closed
10

Top Buys

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$1.83M
2
GBDC icon
Golub Capital BDC
GBDC
+$1.26M
3
IVV icon
iShares Core S&P 500 ETF
IVV
+$776K
4
CE icon
Celanese
CE
+$386K
5
SHYG icon
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
+$356K

Top Sells

Rank Stock Value
1
OLP
One Liberty Properties
OLP
+$1.02M
2
SJB icon
ProShares Short High Yield
SJB
+$691K
3
TYO icon
Direxion Daily 7-10 Year Treasury Bear 3X ETF
TYO
+$676K
4
BXMT icon
Blackstone Mortgage Trust
BXMT
+$367K
5
DSL
DoubleLine Income Solutions Fund
DSL
+$364K

Sector Composition

Rank Sector Weight
1 Miscellaneous 66.05%
2 Financials 12.47%
3 Technology 5.42%
4 Consumer Discretionary 4.76%
5 Healthcare 3.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$889B
$15.1M 11.38%
41,986
+1,943
+5% +$776K
QQQ icon
2
Invesco QQQ Trust
QQQ
$489B
$7.43M 5.61%
27,801
-639
-2% -$193K
XLF icon
3
State Street Financial Select Sector SPDR ETF
XLF
$55.5B
$7.27M 5.49%
239,473
-6,171
-3% -$204K
XLV icon
4
State Street Health Care Select Sector SPDR ETF
XLV
$44.1B
$5.05M 3.82%
41,737
+1,553
+4% +$200K
AFT
5
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$4.78M 3.61%
382,252
+13,729
+4% +$180K
GBDC icon
6
Golub Capital BDC
GBDC
$3.38B
$4.64M 3.5%
374,246
+92,848
+33% +$1.26M
AAPL icon
7
Apple
AAPL
$4.67T
$4.63M 3.5%
33,490
+134
+0.4% +$21K
VTI icon
8
Vanguard Morningstar Total Stock Market ETF
VTI
$688B
$3.39M 2.56%
18,913
+395
+2% +$78.7K
OBDC icon
9
Blue Owl Capital
OBDC
$5.62B
$3.34M 2.53%
320,877
+144,000
+81% +$1.83M
BGX
10
Blackstone Long-Short Credit Income Fund
BGX
$136M
$2.8M 2.11%
256,717
+27,113
+12% +$320K
TSLA icon
11
Tesla
TSLA
$1.4T
$2.75M 2.08%
10,362
– –
SCHX icon
12
Schwab US Large- Cap ETF
SCHX
$74.4B
$2.71M 2.05%
191,931
+6,576
+4% +$103K
BRK.B icon
13
Berkshire Hathaway Class B
BRK.B
$1.08T
$2.66M 2.01%
9,956
+961
+11% +$273K
JSD
14
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$2.54M 1.92%
214,567
+18,215
+9% +$226K
NSL
15
DELISTED
NUVEEN SENIOR INCM FD
NSL
$2.38M 1.8%
508,628
+10,090
+2% +$49.8K
BGB
16
Blackstone Strategic Credit 2027 Term Fund
BGB
$500M
$2.35M 1.78%
221,069
+812
+0.4% +$9.33K
BRW
17
Saba Capital Income & Opportunities Fund
BRW
$332M
$2.23M 1.69%
282,167
+166
+0.1% +$1.36K
SCHA icon
18
Schwab U.S Small- Cap ETF
SCHA
$22.9B
$2.1M 1.59%
111,128
-3,320
-3% -$69.4K
IJR icon
19
iShares Core S&P Small-Cap ETF
IJR
$110B
$2.05M 1.55%
23,507
+2,366
+11% +$230K
TFX icon
20
Teleflex
TFX
$5.86B
$1.88M 1.42%
9,334
+22
+0.2% +$5.26K
JPST icon
21
JPMorgan Ultra-Short Income ETF
JPST
$41B
$1.79M 1.35%
35,684
+6,211
+21% +$311K
IWD icon
22
iShares Russell 1000 Value ETF
IWD
$84.2B
$1.74M 1.31%
12,764
+1,115
+10% +$168K
IEFA icon
23
iShares Core MSCI EAFE ETF
IEFA
$196B
$1.7M 1.28%
32,231
+3,522
+12% +$207K
AMZN icon
24
Amazon
AMZN
$2.79T
$1.64M 1.24%
14,520
+80
+0.6% +$10.1K
META icon
25
Meta Platforms (Facebook)
META
$1.57T
$1.54M 1.16%
11,330
+40
+0.4% +$6.48K
1
2 3 4 5

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Next Capital Management's Q3 2022 Portfolio in Review

As of Q3 2022, Next Capital Management held 122 positions worth $132M, down 3.8% from $138M the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Next Capital Management deployed $4.4M of net new capital in Q3 2022, opening 6 new positions and adding to 47 existing holdings. Its largest new stake was Celanese: 3,518 shares worth $318K.

By sector, the portfolio is most concentrated in Miscellaneous at 66% of assets, down from 67% a quarter earlier, followed by Financials and Technology.

On the sell side, the largest reduction was Eaton Vance Floating-Rate Income Trust, an estimated $248K trimmed.

  • Next Capital Management's largest Q3 2022 buy was Celanese: 3,518 shares worth $318K.
  • Next Capital Management added most to Blue Owl Capital in Q3 2022, an estimated $1.83M increase.
  • Next Capital Management's biggest Q3 2022 reduction was Eaton Vance Floating-Rate Income Trust, cutting an estimated $248K.
  • Next Capital Management fully exited One Liberty Properties in Q3 2022, selling an estimated $1.02M.
  • Next Capital Management's ten largest holdings make up 44% of its $132M portfolio in Q3 2022.
  • Next Capital Management opened 6 new positions and closed 10 in Q3 2022.
  • Next Capital Management's portfolio value fell 3.8% quarter-over-quarter to $132M.

Based on Next Capital Management's 13F filing for Q3 2022, filed 14 Oct 2022.