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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
-1.07%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$223M
AUM Growth
+$7.16M
Cap. Flow
+$10.6M
Cap. Flow %
4.75%
Top 10 Hldgs %
52.34%
Holding
126
New
9
Increased
33
Reduced
23
Closed
11

Top Buys

1
AMZN icon
Amazon
AMZN
+$9.3M
2
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$4.76M
3
VOO icon
Vanguard S&P 500 ETF
VOO
+$810K
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$607K
5
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$578K

Top Sells

1
JSD
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
+$2.5M
2
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$2.02M
3
NSL
NUVEEN SENIOR INCM FD
NSL
+$1.7M
4
SCHX icon
Schwab US Large- Cap ETF
SCHX
+$675K
5
PM icon
Philip Morris
PM
+$658K

Sector Composition

1 Financials 23.63%
2 Consumer Discretionary 11.01%
3 Technology 3.87%
4 Communication Services 3.51%
5 Consumer Staples 1.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OBDC icon
1
Blue Owl Capital
OBDC
$5.55B
$25.2M 11.27%
1,811,695
-12,364
-0.7% -$171K
IVV icon
2
iShares Core S&P 500 ETF
IVV
$891B
$21.2M 9.51%
49,407
+293
+0.6% +$131K
AMZN icon
3
Amazon
AMZN
$2.69T
$19.6M 8.78%
154,128
+69,427
+82% +$9.3M
GBDC icon
4
Golub Capital BDC
GBDC
$3.47B
$14.1M 6.33%
963,176
-14,157
-1% -$201K
QQQ icon
5
Invesco QQQ Trust
QQQ
$473B
$8.89M 3.98%
24,823
-164
-0.7% -$60.8K
XLV icon
6
State Street Health Care Select Sector SPDR ETF
XLV
$41.5B
$6.8M 3.05%
52,855
+13
+0% +$1.73K
AAPL icon
7
Apple
AAPL
$4.89T
$5.96M 2.67%
34,825
+314
+0.9% +$57.6K
META icon
8
Meta Platforms (Facebook)
META
$1.69T
$5.2M 2.33%
17,328
+138
+0.8% +$41.6K
AFT
9
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$5M 2.24%
372,214
+312
+0.1% +$4.12K
JFR icon
10
Nuveen Floating Rate Income Fund
JFR
$1.24B
$4.85M 2.17%
+590,327
New +$4.76M
IEFA icon
11
iShares Core MSCI EAFE ETF
IEFA
$187B
$4.78M 2.14%
74,296
+4,209
+6% +$282K
IWF icon
12
iShares Russell 1000 Growth ETF
IWF
$125B
$4.48M 2.01%
67,348
+1,408
+2% +$97.2K
VTI icon
13
Vanguard Total Stock Market ETF
VTI
$664B
$4M 1.79%
18,810
+100
+0.5% +$22.1K
BGX
14
Blackstone Long-Short Credit Income Fund
BGX
$137M
$3.45M 1.55%
296,321
– –
SCHW
15
Charles Schwab
SCHW
$179B
$3.45M 1.55%
62,847
– –
IVW icon
16
iShares S&P 500 Growth ETF
IVW
$74.2B
$3.12M 1.4%
45,650
-1,023
-2% -$72.4K
IWD icon
17
iShares Russell 1000 Value ETF
IWD
$82.4B
$2.92M 1.31%
19,196
+614
+3% +$97.4K
BRK.B icon
18
Berkshire Hathaway Class B
BRK.B
$1.06T
$2.82M 1.26%
8,054
+48
+0.6% +$17K
IJR icon
19
iShares Core S&P Small-Cap ETF
IJR
$111B
$2.79M 1.25%
29,545
-275
-0.9% -$27.5K
XLF icon
20
State Street Financial Select Sector SPDR ETF
XLF
$55.3B
$2.74M 1.23%
82,641
-58,615
-41% -$2.02M
SCHX icon
21
Schwab US Large- Cap ETF
SCHX
$72.4B
$2.62M 1.17%
155,340
-38,448
-20% -$675K
BGB
22
Blackstone Strategic Credit 2027 Term Fund
BGB
$506M
$2.62M 1.17%
238,364
-4,761
-2% -$52.7K
IEMG icon
23
iShares Core MSCI Emerging Markets ETF
IEMG
$151B
$2.6M 1.16%
54,531
+12,271
+29% +$607K
TSLA icon
24
Tesla
TSLA
$1.47T
$2.59M 1.16%
10,369
-925
-8% -$238K
TSLA icon
25
PUT
Tesla
TSLA
$1.47T
$2.35M 1.05%
+9,400
New +$2.41M
1
2 3 4 5

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Next Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Next Capital Management held 126 positions worth $223M, up 3.3% from $216M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Next Capital Management deployed $10.6M of net new capital in Q3 2023, opening 9 new positions and adding to 33 existing holdings. Its largest new stake was Nuveen Floating Rate Income Fund: 590,327 shares worth $4.85M.

By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 24% a quarter earlier, followed by Consumer Discretionary and Technology.

On the sell side, the largest reduction was State Street Financial Select Sector SPDR ETF, an estimated $2.02M trimmed.

  • Next Capital Management's largest Q3 2023 buy was Nuveen Floating Rate Income Fund: 590,327 shares worth $4.85M.
  • Next Capital Management added most to Amazon in Q3 2023, an estimated $9.3M increase.
  • Next Capital Management's biggest Q3 2023 reduction was State Street Financial Select Sector SPDR ETF, cutting an estimated $2.02M.
  • Next Capital Management fully exited NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND in Q3 2023, selling an estimated $2.5M.
  • Next Capital Management's ten largest holdings make up 52% of its $223M portfolio in Q3 2023.
  • Next Capital Management opened 9 new positions and closed 11 in Q3 2023.
  • Next Capital Management's portfolio value rose 3.3% quarter-over-quarter to $223M.

Based on Next Capital Management's 13F filing for Q3 2023, filed 18 Oct 2023.