Next Capital Management LLC

CIK

1752762

Location

NEW YORK, NY

Portfolio Value

Small $148,801,753

Diversification

Diversified

Filing Date

Global Rank

#4,874 / 8,622 ▲ 441 · as of Mar 2026

Top Industry

Asset Management 52.0%

3Y Alpha vs SPY

-3.9%

Period ended 4 months ago

Filed May 7, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+52.1%

SPY

+67.9%

Annualised alpha

-3.8%

Max drawdown

−20.9%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

75 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

14.1%

+1.1 pts

Top 5

46.1%

−4.7 pts

Top 10

67.4%

−1.9 pts

HHI

599

Diversified−38

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	52.1%	$77,507,754	25
Technology	11.6%	$17,240,759	8
Unclassified	11.3%	$16,843,314	3
Communication Services	8.2%	$12,254,405	4
Consumer Cyclical	6.9%	$10,195,295	7
Healthcare	2.5%	$3,775,749	7
Energy	1.9%	$2,882,892	5
Industrials	1.7%	$2,558,443	5
Consumer Defensive	1.5%	$2,205,992	4
Basic Materials	1.4%	$2,095,778	4
Utilities	0.6%	$949,944	2
Real Estate	0.2%	$291,428	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
OBDC	Blue Owl Capital Corp	+1,219,235	1,418,819	$15,692,138
MFIC	MidCap Financial Investment Corp	+387,303	1,871,652	$21,037,368
TCPC	BlackRock TCP Capital Corp.	+366,008	3,049,547	$11,008,864
GBDC	GOLUB CAPITAL BDC, Inc.	+322,992	567,205	$7,180,815
KKR	KKR & Co. Inc.	+27,498	47,771	$4,418,817
APO	Apollo Global Management, Inc.	+20,104	21,863	$2,435,975
ACHV	Achieve Life Sciences, Inc.	+18,865	34,995	$102,885
BX	Blackstone Inc.	+17,762	22,322	$2,566,806
SERV	Serve Robotics Inc. /DE/	+10,000	26,425	$223,027
WULF	Terawulf Inc.	+5,755	16,280	$234,920
MSFT	Microsoft Corp	+1,441	5,653	$2,092,571
HON	Honeywell International Inc	+610	2,602	$588,130
SCHW	Schwab Charles Corp	+600	16,923	$1,590,423
AEP	American Electric Power Co Inc	+577	5,652	$740,864
SPY	Spdr S&P 500 ETF Trust	+564	6,759	$4,395,648
EPD	Enterprise Products Partners L.P.	+355	14,348	$542,928
KO	Coca Cola Co	+225	16,611	$1,263,266
JPM	Jpmorgan Chase & Co	+222	3,293	$968,668
XOM	ExxonMobil Holdings Corp	+190	5,735	$973,000
MDB	MongoDB, Inc.	+173	4,385	$1,073,316
GOOGL	Alphabet Inc.	+164	6,679	$1,920,613
GS	Goldman Sachs Group Inc	+120	1,535	$1,298,594
BRK-B	Berkshire Hathaway Inc	+63	8,352	$4,002,278
SPOT	Spotify Technology S.A.	+46	906	$439,328
MGM	MGM Resorts International	+30	5,780	$213,917
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
RYAM	Rayonier Advanced Materials Inc.	−30,823	51,422	$569,241
CYDY	CytoDyn Inc.	−7,500	25,000	$6,750
JFR	Nuveen Floating Rate Income Fund	−6,456	23,402	$175,983
AMZN	Amazon Com Inc	−2,538	42,650	$8,882,715
NVDA	Nvidia Corp	−2,338	22,584	$3,938,649
AAPL	Apple Inc.	−1,723	26,623	$6,756,651
QQQ	Invesco Qqq Trust, Series 1	−1,333	20,091	$11,596,123
ECL	Ecolab Inc.	−730	2,925	$778,108
COF	Capital One Financial Corp	−588	1,668	$304,293
NFLX	Netflix Inc	−586	5,939	$571,034
META	Meta Platforms, Inc.	−315	16,296	$9,323,430
TRV	Travelers Companies, Inc.	−145	860	$250,844
PPG	Ppg Industries Inc	−92	5,037	$538,354
JNJ	Johnson & Johnson	−62	5,530	$1,351,753
GEV	GE Vernova Inc.	−5	506	$441,687
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
CRM	Salesforce, Inc.	11,350	$2,118,704
TPG	TPG Inc.	25,978	$1,052,368
GLD	Spdr Gold Trust	1,979	$851,543
PM	Philip Morris International Inc.	3,380	$558,849
GLW	Corning Inc /Ny	2,000	$271,940
OWL	Blue Owl Capital Inc.	29,006	$264,824
MO	Altria Group, Inc.	3,683	$243,041
HD	Home Depot, Inc.	675	$222,000
MRK	Merck & Co., Inc.	1,739	$209,184
WEC	Wec Energy Group, Inc.	1,806	$209,080
MA	Mastercard Inc	411	$205,360
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
TFX	Teleflex Inc	10,423	$1,272,022
CSGS	Csg Systems International Inc	9,000	$690,210
CMCSA	Comcast Corp	10,928	$326,637
SLV	iShares Silver Trust	4,585	$295,365
PLTR	Palantir Technologies Inc.	1,578	$280,489
LII	Lennox International Inc	563	$273,381
CBZ	CBIZ, Inc.	4,500	$227,025
BDX	Becton Dickinson & Co	1,164	$225,897
V	Visa Inc.	603	$211,478
ABBV	AbbVie Inc.	889	$203,127
DCGO	DocGo Inc.	15,000	$13,170
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

75 tracked positions · $148,801,753 total · filing declares 134 positions · $330,186,588 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 75 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MFIC	MidCap Financial Investment Corp Financial Services	Added	1,871,652	+387,303	$21,037,368	+23.9%	14.14%
OBDC	Blue Owl Capital Corp Financial Services	Added	1,418,819	+1,219,235	$15,692,138	+532.5%	10.55%
QQQ	Invesco Qqq Trust, Series 1	Reduced	20,091	-1,333	$11,596,123	−11.9%	7.79%
TCPC	BlackRock TCP Capital Corp. Financial Services	Added	3,049,547	+366,008	$11,008,864	−25.0%	7.40%
META	Meta Platforms, Inc. Communication Services	Reduced	16,296	-315	$9,323,430	−15.0%	6.27%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	42,650	-2,538	$8,882,715	−14.8%	5.97%
GBDC	GOLUB CAPITAL BDC, Inc. Financial Services	Added	567,205	+322,992	$7,180,815	+116.7%	4.83%
AAPL	Apple Inc. Technology	Reduced	26,623	-1,723	$6,756,651	−12.3%	4.54%
KKR	KKR & Co. Inc. Financial Services	Added	47,771	+27,498	$4,418,817	+71.0%	2.97%
SPY	Spdr S&P 500 ETF Trust	Added	6,759	+564	$4,395,648	+4.1%	2.95%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	8,352	+63	$4,002,278	−3.9%	2.69%
NVDA	Nvidia Corp Technology	Reduced	22,584	-2,338	$3,938,649	−15.3%	2.65%
BX	Blackstone Inc. Financial Services	Added	22,322	+17,762	$2,566,806	+265.2%	1.72%
APO	Apollo Global Management, Inc. Financial Services	Added	21,863	+20,104	$2,435,975	+856.7%	1.64%
CRM	Salesforce, Inc. Technology	NEW	11,350	NEW	$2,118,704	NEW	1.42%
MSFT	Microsoft Corp Technology	Added	5,653	+1,441	$2,092,571	+2.7%	1.41%
GOOGL	Alphabet Inc. Communication Services	Added	6,679	+164	$1,920,613	−5.8%	1.29%
LLY	ELI LILLY & Co Healthcare	Held	1,768	0	$1,626,153	−14.4%	1.09%
SCHW	Schwab Charles Corp Financial Services	Added	16,923	+600	$1,590,423	−2.5%	1.07%
JNJ	Johnson & Johnson Healthcare	Reduced	5,530	-62	$1,351,753	+16.8%	0.91%
GS	Goldman Sachs Group Inc Financial Services	Added	1,535	+120	$1,298,594	+4.4%	0.87%
KO	Coca Cola Co Consumer Defensive	Added	16,611	+225	$1,263,266	+10.3%	0.85%
MDB	MongoDB, Inc. Technology	Added	4,385	+173	$1,073,316	−39.3%	0.72%
TPG	TPG Inc. Financial Services	NEW	25,978	NEW	$1,052,368	NEW	0.71%
XOM	ExxonMobil Holdings Corp Energy	Added	5,735	+190	$973,000	+45.8%	0.65%
JPM	Jpmorgan Chase & Co Financial Services	Added	3,293	+222	$968,668	−2.1%	0.65%
PH	Parker-Hannifin Corp Industrials	Held	1,035	0	$926,573	+1.9%	0.62%
GLD	Spdr Gold Trust	NEW	1,979	NEW	$851,543	NEW	0.57%
ECL	Ecolab Inc. Basic Materials	Reduced	2,925	-730	$778,108	−18.9%	0.52%
AEP	American Electric Power Co Inc Utilities	Added	5,652	+577	$740,864	+26.6%	0.50%
OKE	Oneok Inc /New/ Energy	Held	7,880	0	$712,273	+23.0%	0.48%
BN	BROOKFIELD Corp /ON/ Financial Services	Held	15,750	0	$637,402	−11.8%	0.43%
BRW	Saba Capital Income & Opportunities Fund Financial Services	Held	88,927	0	$599,367	−3.9%	0.40%
HON	Honeywell International Inc Industrials	Added	2,602	+610	$588,130	+51.3%	0.40%
NFLX	Netflix Inc Communication Services	Reduced	5,939	-586	$571,034	−6.7%	0.38%
RYAM	Rayonier Advanced Materials Inc. Basic Materials	Reduced	51,422	-30,823	$569,241	+17.5%	0.38%
ALAB	Astera Labs, Inc. Technology	Held	5,182	0	$567,947	−34.1%	0.38%
PM	Philip Morris International Inc. Consumer Defensive	NEW	3,380	NEW	$558,849	NEW	0.38%
EPD	Enterprise Products Partners L.P. Energy	Added	14,348	+355	$542,928	+21.0%	0.36%
PPG	Ppg Industries Inc Basic Materials	Reduced	5,037	-92	$538,354	+2.4%	0.36%
TYG	Tortoise Energy Infrastructure Corp Financial Services	Held	9,770	0	$487,034	+21.9%	0.33%
GEV	GE Vernova Inc. Industrials	Reduced	506	-5	$441,687	+32.3%	0.30%
ILMN	Illumina, Inc. Healthcare	Held	3,578	0	$441,024	−6.0%	0.30%
SPOT	Spotify Technology S.A. Communication Services	Added	906	+46	$439,328	−12.0%	0.30%
OPP	RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Financial Services	Held	55,109	0	$422,686	−3.5%	0.28%
QCOM	Qualcomm Inc/De Technology	Added	3,269	+24	$420,981	−24.2%	0.28%
TRS	Trimas Corp Consumer Cyclical	Held	11,500	0	$413,310	+1.4%	0.28%
SLRC	SLR Investment Corp. Financial Services	Held	27,520	0	$393,811	−7.4%	0.26%
CAT	Caterpillar Inc Industrials	Held	535	0	$379,026	+23.7%	0.25%
WMB	Williams Companies, Inc. Energy	Held	4,645	0	$338,063	+21.1%	0.23%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.