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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
+3.23%
1 Year Est. Return
+11.54%
3 Year Est. Return
+56.12%
5 Year Est. Return
+59.28%
10 Year Est. Return
–
AUM
$239M
AUM Growth
-$8.72M
Cap. Flow
-$16M
Cap. Flow %
-6.68%
Top 10 Hldgs %
46.38%
Holding
152
New
7
Increased
40
Reduced
48
Closed
16

Top Buys

1
GBDC icon
Golub Capital BDC
GBDC
+$8.33M
2
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$4.52M
3
IVV icon
iShares Core S&P 500 ETF
IVV
+$799K
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$740K
5
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$731K

Top Sells

1
OBDC icon
Blue Owl Capital
OBDC
+$19.4M
2
IWB icon
iShares Russell 1000 ETF
IWB
+$3.78M
3
VOO icon
Vanguard S&P 500 ETF
VOO
+$2.76M
4
AFT
Apollo Senior Floating Rate Fund Inc.
AFT
+$2.2M
5
VGT icon
Vanguard Information Technology ETF
VGT
+$1.04M

Sector Composition

1 Financials 12.89%
2 Technology 6.64%
3 Consumer Discretionary 6.08%
4 Communication Services 5.94%
5 Healthcare 2.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$891B
$29.9M 12.53%
54,725
+1,519
+3% +$799K
GBDC icon
2
Golub Capital BDC
GBDC
$3.47B
$12.1M 5.07%
771,910
+507,377
+192% +$8.33M
QQQ icon
3
Invesco QQQ Trust
QQQ
$473B
$11.4M 4.76%
23,757
+160
+0.7% +$72K
IWF icon
4
iShares Russell 1000 Growth ETF
IWF
$125B
$10.1M 4.23%
120,708
+52,888
+78% +$4.52M
AMZN icon
5
Amazon
AMZN
$2.69T
$9.83M 4.11%
50,874
-138
-0.3% -$25.4K
META icon
6
Meta Platforms (Facebook)
META
$1.69T
$9.65M 4.04%
19,135
-111
-0.6% -$54K
AAPL icon
7
Apple
AAPL
$4.89T
$9.45M 3.96%
44,886
+425
+1% +$79.3K
XLV icon
8
State Street Health Care Select Sector SPDR ETF
XLV
$41.5B
$6.87M 2.87%
47,130
-949
-2% -$136K
IEFA icon
9
iShares Core MSCI EAFE ETF
IEFA
$187B
$6.43M 2.69%
88,455
+4,400
+5% +$324K
VTI icon
10
Vanguard Total Stock Market ETF
VTI
$664B
$5.04M 2.11%
18,842
– –
SCHW
11
Charles Schwab
SCHW
$179B
$4.88M 2.04%
66,160
+1,112
+2% +$82.1K
JFR icon
12
Nuveen Floating Rate Income Fund
JFR
$1.24B
$4.71M 1.97%
544,590
-29,919
-5% -$260K
IVW icon
13
iShares S&P 500 Growth ETF
IVW
$74.2B
$4.28M 1.79%
46,295
– –
VOO icon
14
Vanguard S&P 500 ETF
VOO
$984B
$3.94M 1.65%
7,873
-5,727
-42% -$2.76M
IEMG icon
15
iShares Core MSCI Emerging Markets ETF
IEMG
$151B
$3.6M 1.51%
67,294
+3,961
+6% +$209K
BGX
16
Blackstone Long-Short Credit Income Fund
BGX
$137M
$3.56M 1.49%
286,640
-38,517
-12% -$479K
IWD icon
17
iShares Russell 1000 Value ETF
IWD
$82.4B
$3.26M 1.37%
18,700
+117
+0.6% +$20.5K
IJR icon
18
iShares Core S&P Small-Cap ETF
IJR
$111B
$3.25M 1.36%
30,489
+351
+1% +$37.6K
SCHX icon
19
Schwab US Large- Cap ETF
SCHX
$72.4B
$3.2M 1.34%
149,232
-2,082
-1% -$43K
BRK.B icon
20
Berkshire Hathaway Class B
BRK.B
$1.06T
$3.04M 1.27%
7,471
-856
-10% -$350K
JPM icon
21
JPMorgan Chase
JPM
$912B
$3.02M 1.26%
14,918
-592
-4% -$116K
AFT
22
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
$2.94M 1.23%
202,529
-151,326
-43% -$2.2M
SCHA icon
23
Schwab U.S Small- Cap ETF
SCHA
$22.8B
$2.85M 1.19%
120,112
+14,720
+14% +$349K
SPY icon
24
State Street SPDR S&P 500 ETF Trust
SPY
$782B
$2.74M 1.15%
5,033
+1,413
+39% +$740K
IJH icon
25
iShares Core S&P Mid-Cap ETF
IJH
$123B
$2.62M 1.09%
44,695
+62
+0.1% +$3.64K
1
2 3 4 5

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Next Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, Next Capital Management held 152 positions worth $239M, down 3.5% from $248M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Next Capital Management withdrew a net $16M in Q2 2024, closing 16 positions and reducing 48 holdings. Its most notable exit was iShares Russell 1000 ETF, an estimated $3.78M position sold in full.

By sector, the portfolio is most concentrated in Financials at 13% of assets, down from 17% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Next Capital Management opened a new position in TransUnion worth $422K.

  • Next Capital Management's largest Q2 2024 buy was TransUnion: 5,691 shares worth $422K.
  • Next Capital Management added most to Golub Capital BDC in Q2 2024, an estimated $8.33M increase.
  • Next Capital Management's biggest Q2 2024 reduction was Blue Owl Capital, cutting an estimated $19.4M.
  • Next Capital Management fully exited iShares Russell 1000 ETF in Q2 2024, selling an estimated $3.78M.
  • Next Capital Management's ten largest holdings make up 46% of its $239M portfolio in Q2 2024.
  • Next Capital Management opened 7 new positions and closed 16 in Q2 2024.
  • Next Capital Management's portfolio value fell 3.5% quarter-over-quarter to $239M.

Based on Next Capital Management's 13F filing for Q2 2024, filed 20 Aug 2024.