Next Capital Management LLC

CIK

1752762

Location

NEW YORK, NY

Portfolio Value

Small $370,028,846

Diversification

Moderately concentrated

Filing Date

Global Rank

#4,627 / 8,818 ▲ 56

Top Industry

Asset Management 52.8%

Period ended 4 months ago

Filed Aug 3, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 72.6% of the book (60%+)

Turnover

Low turnover

16.3% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 20.5 quarters (12+), a floor since 54.7% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 76.8%; sector active share 60.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

137 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

38.3%

+4.2 pts

Top 5

59.1%

+3.0 pts

Top 10

72.6%

+1.4 pts

HHI

1,637

Moderately concentrated+279

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	61.5%	$227,667,796	62
Financial Services	22.8%	$84,456,266	24
Technology	5.1%	$19,047,773	9
Communication Services	4.0%	$14,654,836	5
Consumer Cyclical	2.2%	$8,325,064	5
Healthcare	1.4%	$5,067,715	9
Industrials	0.9%	$3,346,620	8
Energy	0.7%	$2,635,725	5
Consumer Defensive	0.5%	$1,918,836	4
Basic Materials	0.4%	$1,420,171	2
Utilities	0.3%	$962,930	2
Real Estate	0.1%	$525,114	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
OBDC	Blue Owl Capital Corp	+269,871	1,688,690	$18,356,060
TCPC	BlackRock TCP Capital Corp.	+80,738	3,130,285	$10,517,757
IWF	iShares Russell 1000 Growth ETF	+63,094	84,480	$10,489,881
MFIC	MidCap Financial Investment Corp	+28,015	1,899,667	$19,148,643
VUG	VANGUARD GROWTH INDEX FUND	+25,337	30,404	$2,619,000
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+19,411	22,184	$2,651,431
IEFA	iShares Core MSCI EAFE ETF	+16,311	176,061	$17,003,971
FNDX	Schwab Fundamental U.S. Large Company ETF	+16,145	144,153	$4,483,158
SCHD	Schwab U.S. Dividend Equity ETF	+16,012	56,932	$1,805,313
IEMG	iShares Trust	+11,909	163,430	$13,538,541
IJH	iShares Core S&P Mid-Cap ETF	+9,597	101,771	$7,847,561
NMFC	New Mountain Finance Corp	+7,660	37,340	$267,727
TPG	TPG Inc.	+6,098	32,076	$1,300,681
KKR	KKR & Co. Inc.	+3,568	51,339	$4,711,893
XLF	State Street Corp	+3,092	37,600	$2,015,736
BX	Blackstone Inc.	+2,875	25,197	$2,964,930
IJR	iShares Core S&P Small-Cap ETF	+2,742	52,491	$7,784,940
APO	Apollo Global Management, Inc.	+2,706	24,569	$2,906,758
IVW	iShares S&P 500 Growth ETF	+2,504	70,383	$9,679,773
VO	VANGUARD MID-CAP INDEX FUND	+2,429	3,238	$260,885
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	+2,323	10,700	$2,038,564
IVV	iShares Core S&P 500 ETF	+1,867	72,466	$54,269,062
SCHB	Schwab U.S. Broad Market ETF	+1,402	34,620	$1,002,595
QQQM	Invesco Ltd.	+1,385	12,533	$3,797,123
BKNG	Booking Holdings Inc.	+1,152	1,200	$213,888
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GBDC	GOLUB CAPITAL BDC, Inc.	−61,763	505,442	$6,510,092
AMZN	Amazon Com Inc	−12,243	30,407	$7,247,204
PM	Philip Morris International Inc.	−2,189	1,191	$215,463
SCHX	Schwab U.S. Large-Cap ETF	−2,037	112,073	$3,298,308
ACVA	ACV Auctions Inc.	−1,659	15,047	$108,187
HON	Honeywell International Inc	−1,382	1,220	$273,158
SPHQ	Invesco S&P 500 Quality ETF	−1,138	8,390	$755,939
GOOGL	Alphabet Inc.	−1,023	5,656	$2,021,284
MO	Altria Group, Inc.	−683	3,000	$215,850
SCHW	Schwab Charles Corp	−600	16,323	$1,506,123
NFLX	Netflix Inc	−529	5,410	$386,274
IUSV	iShares Core S&P U.S. Value ETF	−401	19,159	$2,110,363
SCHA	Schwab U.S. Small-Cap ETF	−370	107,520	$3,884,697
GOOG	Alphabet Inc.	−366	5,995	$2,118,213
ILMN	Illumina, Inc.	−322	3,256	$572,502
MDB	MongoDB, Inc.	−317	4,068	$1,366,441
IWS	iShares Russell Mid-Cap Value ETF	−285	3,427	$564,084
AAPL	Apple Inc.	−268	26,355	$7,626,082
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−243	30,917	$11,440,526
EEM	iShares MSCI Emerging Markets ETF	−165	36,459	$2,494,160
AEP	American Electric Power Co Inc	−155	5,497	$752,044
MRK	Merck & Co., Inc.	−148	1,591	$204,443
SPY	Spdr S&P 500 ETF Trust	−127	6,632	$4,952,578
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	−124	2,415	$379,034
IWM	iShares Russell 2000 ETF	−103	4,448	$1,336,401
No positions match the current search.

New Positions

Positions the filer opened this quarter

13 positions

Ticker	Company	Shares	Value
AVGO	Broadcom Inc.	1,142	$431,390
FDX	Fedex Corp	1,040	$325,655
XME	State Street(R) SPDR(R) S&P(R) Metals & Mining ETF	2,975	$318,116
ERAS	Erasca, Inc.	15,300	$280,296
HONA	Honeywell Aerospace Inc.	1,220	$269,717
ITOT	iShares Core S&P Total U.S. Stock Market ETF	1,637	$268,909
SMH	VanEck Semiconductor ETF	403	$264,323
WY	Weyerhaeuser Co	10,000	$239,400
DAL	Delta Air Lines, Inc.	2,500	$234,150
PANW	Palo Alto Networks Inc	660	$225,073
VB	Vanguard Index Funds	738	$223,702
UNH	Unitedhealth Group Inc	519	$215,711
AEVA	Aeva Technologies, Inc.	7,355	$211,235
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
JPST	JPMorgan Ultra-Short Income ETF	21,598	$1,093,074
RYAM	Rayonier Advanced Materials Inc.	51,422	$569,241
ALAB	Astera Labs, Inc.	5,182	$567,947
GLW	Corning Inc	2,000	$271,940
OWL	Blue Owl Capital Inc.	29,006	$264,824
HD	Home Depot, Inc.	675	$222,000
MGM	MGM Resorts International	5,780	$213,917
AMRZ	Amrize Ltd	3,750	$210,075
MA	Mastercard Inc	411	$205,360
EDF	Virtus Stone Harbor Emerging Markets Income Fund	10,000	$47,800
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

137 tracked positions · $370,028,846 total · filing declares 138 positions · $370,451,297 · as of Jun 30, 2026

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

Showing 1–50 of 137 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
IVV	iShares Core S&P 500 ETF	Added	72,466	+1,867	$54,269,062	+17.7%	26+	before history	14.67%
MFIC	MidCap Financial Investment Corp Financial Services	Added	1,899,667	+28,015	$19,148,643	−9.0%	8	$12.29	5.17%
OBDC	Blue Owl Capital Corp Financial Services	Added	1,688,690	+269,871	$18,356,060	+17.0%	18	$11.75	4.96%
IEFA	iShares Core MSCI EAFE ETF	Added	176,061	+16,311	$17,003,971	+17.6%	26+	before history	4.60%
QQQ	Invesco Qqq Trust, Series 1	Reduced	20,030	-61	$14,750,092	+27.2%	26+	before history	3.99%
IEMG	iShares Trust	Added	163,430	+11,909	$13,538,541	—	26+	before history	3.66%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	30,917	-243	$11,440,526	+14.4%	26+	before history	3.09%
TCPC	BlackRock TCP Capital Corp. Financial Services	Added	3,130,285	+80,738	$10,517,757	−4.5%	19	$6.79	2.84%
IWF	iShares Russell 1000 Growth ETF	Added	84,480	+63,094	$10,489,881	+15.0%	25	unpriced	2.83%
META	Meta Platforms, Inc. Communication Services	Added	17,281	+985	$9,734,214	+4.4%	26+	before history	2.63%
IVW	iShares S&P 500 Growth ETF	Added	70,383	+2,504	$9,679,773	+26.1%	26+	before history	2.62%
IJH	iShares Core S&P Mid-Cap ETF	Added	101,771	+9,597	$7,847,561	+26.1%	26+	before history	2.12%
IJR	iShares Core S&P Small-Cap ETF	Added	52,491	+2,742	$7,784,940	+25.9%	26+	before history	2.10%
AAPL	Apple Inc. Technology	Reduced	26,355	-268	$7,626,082	+12.9%	18	$175.51	2.06%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	30,407	-12,243	$7,247,204	−18.4%	26+	before history	1.96%
IWD	iShares Russell 1000 Value ETF	Reduced	27,975	-90	$6,781,979	+13.1%	25	unpriced	1.83%
GBDC	GOLUB CAPITAL BDC, Inc. Financial Services	Reduced	505,442	-61,763	$6,510,092	−9.3%	26+	before history	1.76%
VOO	VANGUARD 500 INDEX FUND	Added	8,537	+4	$5,863,296	+15.0%	26+	before history	1.58%
SPY	Spdr S&P 500 ETF Trust	Reduced	6,632	-127	$4,952,578	+12.7%	26+	before history	1.34%
IWB	iShares Russell 1000 ETF	Added	11,954	+2	$4,895,163	+14.9%	8	unpriced	1.32%
KKR	KKR & Co. Inc. Financial Services	Added	51,339	+3,568	$4,711,893	+6.6%	24	$81.82	1.27%
NVDA	Nvidia Corp Technology	Added	22,614	+30	$4,524,835	+14.9%	10	$108.53	1.22%
FNDX	Schwab Fundamental U.S. Large Company ETF	Added	144,153	+16,145	$4,483,158	+25.8%	11	unpriced	1.21%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	8,342	-10	$4,174,253	+4.3%	26+	before history	1.13%
SCHA	Schwab U.S. Small-Cap ETF	Reduced	107,520	-370	$3,884,697	+23.8%	26+	before history	1.05%
QQQM	Invesco Ltd. Financial Services	Added	12,533	+1,385	$3,797,123	+43.3%	14	$214.06	1.03%
VIG	Vanguard Specialized Funds	Added	14,624	+7	$3,460,330	+10.1%	11	$191.12	0.94%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	112,073	-2,037	$3,298,308	+12.7%	26+	before history	0.89%
BX	Blackstone Inc. Financial Services	Added	25,197	+2,875	$2,964,930	+15.5%	26+	before history	0.80%
APO	Apollo Global Management, Inc. Financial Services	Added	24,569	+2,706	$2,906,758	+19.3%	5	$124.77	0.79%
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	Reduced	17,990	-11	$2,854,293	+8.2%	23	unpriced	0.77%
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	Added	22,184	+19,411	$2,651,431	—	8	unpriced	0.72%
VUG	VANGUARD GROWTH INDEX FUND	Added	30,404	+25,337	$2,619,000	+18.3%	15	unpriced	0.71%
EEM	iShares MSCI Emerging Markets ETF	Reduced	36,459	-165	$2,494,160	+19.9%	13	$41.57	0.67%
MSFT	Microsoft Corp Technology	Added	6,140	+487	$2,290,342	+9.5%	26+	before history	0.62%
LLY	ELI LILLY & Co Healthcare	Held	1,768	0	$2,120,592	+30.4%	10	$743.30	0.57%
GOOG	Alphabet Inc. Communication Services	Reduced	5,995	-366	$2,118,213	+16.1%	26+	before history	0.57%
IUSV	iShares Core S&P U.S. Value ETF	Reduced	19,159	-401	$2,110,363	+5.5%	11	unpriced	0.57%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	Added	10,700	+2,323	$2,038,564	+83.1%	26+	before history	0.55%
GOOGL	Alphabet Inc. Communication Services	Reduced	5,656	-1,023	$2,021,284	+5.2%	25	unpriced	0.55%
XLF	State Street Corp Financial Services	Added	37,600	+3,092	$2,015,736	+18.3%	24	$35.73	0.54%
VV	VANGUARD LARGE-CAP INDEX FUND	Held	5,376	0	$1,848,860	+15.1%	26+	before history	0.50%
SCHD	Schwab U.S. Dividend Equity ETF	Added	56,932	+16,012	$1,805,313	+43.8%	15	unpriced	0.49%
CRM	Salesforce, Inc. Technology	Held	11,350	0	$1,778,091	−16.1%	2	$207.19	0.48%
		Added	11,648	+5	$1,705,383	+14.3%	15	$106.79	0.46%
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	Held	5,020	0	$1,537,626	+19.0%	26+	before history	0.42%
GS	Goldman Sachs Group Inc Financial Services	Reduced	1,515	-20	$1,532,225	+18.0%	11	$459.16	0.41%
SCHW	Schwab Charles Corp Financial Services	Reduced	16,323	-600	$1,506,123	−5.3%	14	$77.49	0.41%
JNJ	Johnson & Johnson Healthcare	Held	5,530	0	$1,404,454	+3.9%	11	$154.40	0.38%
MDB	MongoDB, Inc. Technology	Reduced	4,068	-317	$1,366,441	+27.3%	5	$190.76	0.37%

Showing the top 50 of 137 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.