Next Capital Management LLC
CIK 0001752762
Annualised vol
3.938584%
Beta
0.189672
HHI
404.495662
Top-10 weight
48.418178%
VaR 95%
0.38677%
VaR 99%
0.710755%
Max drawdown
7.687458%
Matched value
17.876518%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| META | ADDED | 17,281 | 16,296 | 6.04% | 9,733,961 |
| AAPL | REDUCED | 26,355 | 26,623 | -1.01% | 7,626,042 |
| AMZN | REDUCED | 30,407 | 42,650 | -28.71% | 7,247,204 |
| KKR | ADDED | 51,339 | 47,771 | 7.47% | 4,711,893 |
| NVDA | ADDED | 22,614 | 22,584 | 0.13% | 4,524,823 |
| BRK-B | REDUCED | 8,342 | 8,352 | -0.12% | 4,174,491 |
| GOOGL | REDUCED | 11,651 | 13,040 | -10.65% | 4,139,587 |
| BX | ADDED | 25,197 | 22,322 | 12.88% | 2,964,946 |
| MSFT | ADDED | 6,140 | 5,653 | 8.61% | 2,290,231 |
| CRM | UNCHANGED | 11,350 | 11,350 | 0.0% | 1,780,310 |
| GS | REDUCED | 1,515 | 1,535 | -1.3% | 1,532,226 |
| JNJ | UNCHANGED | 5,530 | 5,530 | 0.0% | 1,404,454 |
| MDB | REDUCED | 4,068 | 4,385 | -7.23% | 1,366,441 |
| TPG | ADDED | 32,076 | 25,978 | 23.47% | 1,300,682 |
| JPM | ADDED | 3,380 | 3,293 | 2.64% | 1,106,437 |
| PH | UNCHANGED | 1,035 | 1,035 | 0.0% | 1,012,354 |
| ECL | UNCHANGED | 2,925 | 2,925 | 0.0% | 814,934 |
| GLD | UNCHANGED | 1,979 | 1,979 | 0.0% | 729,024 |
| OKE | UNCHANGED | 7,880 | 7,880 | 0.0% | 685,087 |
| GEV | UNCHANGED | 506 | 506 | 0.0% | 594,479 |
| ILMN | REDUCED | 3,256 | 3,578 | -9.0% | 572,502 |
| TRS | UNCHANGED | 11,500 | 11,500 | 0.0% | 517,845 |
| CAT | REDUCED | 435 | 535 | -18.69% | 463,232 |
| AVGO | NEW | 1,142 | - | - | 431,391 |
| WULF | UNCHANGED | 16,280 | 16,280 | 0.0% | 402,116 |
| NFLX | REDUCED | 5,410 | 5,939 | -8.91% | 386,274 |
| SLRC | UNCHANGED | 27,520 | 27,520 | 0.0% | 340,422 |
| FDX | NEW | 1,040 | - | - | 325,655 |
| PSX | UNCHANGED | 1,738 | 1,738 | 0.0% | 293,809 |
| MAYS | UNCHANGED | 7,326 | 7,326 | 0.0% | 285,714 |
| ERAS | NEW | 15,300 | - | - | 280,296 |
| HON | REDUCED | 1,220 | 2,602 | -53.11% | 273,158 |
| HONA | NEW | 1,220 | - | - | 269,718 |
| PANW | NEW | 660 | - | - | 225,073 |
| MO | REDUCED | 3,000 | 3,683 | -18.54% | 215,850 |
| UNH | NEW | 519 | - | - | 215,712 |
| PM | REDUCED | 1,191 | 3,380 | -64.76% | 215,464 |
| AEVA | NEW | 7,355 | - | - | 211,236 |
| WEC | UNCHANGED | 1,806 | 1,806 | 0.0% | 210,887 |
| MRK | REDUCED | 1,591 | 1,739 | -8.51% | 204,444 |
| ACVA | REDUCED | 15,047 | 16,706 | -9.93% | 108,188 |
| CRBU | UNCHANGED | 20,000 | 20,000 | 0.0% | 35,200 |
| CYDY | UNCHANGED | 25,000 | 25,000 | 0.0% | 5,970 |
| MGM | CLOSED OUT | 0 | 5,780 | -100.0% | 0 |
| ALAB | CLOSED OUT | 0 | 5,182 | -100.0% | 0 |
| HD | CLOSED OUT | 0 | 675 | -100.0% | 0 |
| MA | CLOSED OUT | 0 | 411 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | ISHARES CORE S&P 500 ETF | ETF | 464287200 | 54,269,275 | 14.65 | 72466.0 | |
| - | MIDCAP FINL INVESTME | COM | 03761U502 | 19,148,639 | 5.17 | 1899667.0 | |
| - | BLUE OWL CAP CORP | COM | 69121K104 | 18,473,368 | 4.99 | 1688690.0 | |
| - | ISHARES CORE MSCI EAFE ETF | ETF | 46432F842 | 17,003,926 | 4.59 | 176061.0 | |
| - | INVESCO QQQ TR | COM | 46090E103 | 14,749,959 | 3.98 | 20030.0 | |
| - | ISHARES CORE MSCI EMERGING MARKETS ETF | ETF | 46434G103 | 13,538,523 | 3.65 | 163430.0 | |
| - | VANGUARD TOTAL STOCK MARKET INDEX FUND ETF SHARES | ETF | 922908769 | 11,440,423 | 3.09 | 30917.0 | |
| - | BLACKROCK TCP CAP CORP | COM | 09259E108 | 10,517,758 | 2.84 | 3130285.0 | |
| - | ISHARES RUSSELL 1000 GROWTH ETF | ETF | 464287614 | 10,489,937 | 2.83 | 84480.0 | |
| META | ADDED | META PLATFORMS INC CLASS A | COM | 30303M102 | 9,733,961 | 2.63 | 17281.0 |
| - | ISHARES S&P 500 GROWTH ETF | ETF | 464287309 | 9,679,776 | 2.61 | 70383.0 | |
| - | ISHARES CORE S&P MID-CAPETF | ETF | 464287507 | 7,847,527 | 2.12 | 101771.0 | |
| - | ISHARES CORE S&P SMALL-CAP ETF | ETF | 464287804 | 7,784,922 | 2.1 | 52491.0 | |
| AAPL | REDUCED | APPLE INC | COM | 037833100 | 7,626,042 | 2.06 | 26355.0 |
| AMZN | REDUCED | AMAZON.COM INC | COM | 023135106 | 7,247,204 | 1.96 | 30407.0 |
| - | ISHARES RUSSELL 1000 VALUE ETF | ETF | 464287598 | 6,781,946 | 1.83 | 27975.0 | |
| - | GOLUB CAP BDC INC | COM | 38173M102 | 6,510,093 | 1.76 | 505442.0 | |
| - | VANGUARD S&P 500 ETF | ETF | 922908363 | 5,863,113 | 1.58 | 8537.0 | |
| - | STATE STREET SPDR S&P 500 ETF TRUST | ETF | 78462F103 | 4,954,400 | 1.34 | 6632.0 | |
| - | ISHARES RUSSELL 1000 ETF | ETF | 464287622 | 4,895,256 | 1.32 | 11954.0 | |
| KKR | ADDED | KKR & CO INC | COM | 48251W104 | 4,711,893 | 1.27 | 51339.0 |
| NVDA | ADDED | NVIDIA CORP | COM | 67066G104 | 4,524,823 | 1.22 | 22614.0 |
| - | SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF | ETF | 808524771 | 4,483,164 | 1.21 | 144153.0 | |
| BRK-B | REDUCED | BERKSHIRE HATHAWAY CLASS B | COM | 084670702 | 4,174,491 | 1.13 | 8342.0 |
| - | SCHWAB U.S. SMALL-CAP ETF | ETF | 808524607 | 3,884,715 | 1.05 | 107520.0 | |
| - | INVESCO NASDAQ 100 ETF | ETF | 46138G649 | 3,797,136 | 1.03 | 12533.0 | |
| - | VANGUARD DIVIDEND APPRECIATION INDEX FUND ETF SHARES | ETF | 921908844 | 3,460,238 | 0.93 | 14624.0 | |
| - | SCHWAB U.S. LARGE-CAP ETF | ETF | 808524201 | 3,298,320 | 0.89 | 112073.0 | |
| BX | ADDED | BLACKSTONE INC | COM | 09260D107 | 2,964,946 | 0.8 | 25197.0 |
| - | APOLLO GLOBAL MGMT INC NCLASS A | COM | 03769M106 | 2,906,758 | 0.78 | 24569.0 | |
| - | STATE STREET HEALTH CARESELECT SECTOR SPDR ETF | ETF | 81369Y209 | 2,854,243 | 0.77 | 17990.0 | |
| - | VANGUARD INFORMATION TECHNOLOGY INDEX FUND ETF SHARES | ETF | 92204A702 | 2,651,432 | 0.72 | 22184.0 | |
| - | VANGUARD GROWTH INDEX FUND ETF SHARES | ETF | 922908736 | 2,618,971 | 0.71 | 30404.0 | |
| - | ISHARES MSCI EMERGING MARKETS ETF | ETF | 464287234 | 2,494,189 | 0.67 | 36459.0 | |
| MSFT | ADDED | MICROSOFT CORP | COM | 594918104 | 2,290,231 | 0.62 | 6140.0 |
| - | ELI LILLY AND CO | COM | 532457108 | 2,120,592 | 0.57 | 1768.0 | |
| GOOGL | REDUCED | ALPHABET INC CLASS C | COM | 02079K107 | 2,118,213 | 0.57 | 5995.0 |
| - | ISHARES CORE S&P U.S. VALUE ETF | ETF | 464287663 | 2,110,398 | 0.57 | 19159.0 | |
| - | STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF | ETF | 81369Y803 | 2,038,644 | 0.55 | 10700.0 | |
| GOOGL | REDUCED | ALPHABET INC CLASS A | COM | 02079K305 | 2,021,374 | 0.55 | 5656.0 |
| - | STATE STREET FINANCIAL SELECT SECTOR SPDR ETF | ETF | 81369Y605 | 2,015,723 | 0.54 | 37600.0 | |
| - | VANGUARD LARGE-CAP INDEXFUND ETF SHARES | ETF | 922908637 | 1,848,860 | 0.5 | 5376.0 | |
| - | SCHWAB U.S. DIVIDEND EQUITY ETF | ETF | 808524797 | 1,805,312 | 0.49 | 56932.0 | |
| CRM | UNCHANGED | SALESFORCE INC | COM | 79466L302 | 1,780,310 | 0.48 | 11350.0 |
| - | ISHARES RUSSELL MID-CAP GROWTH ETF | ETF | 464287481 | 1,705,315 | 0.46 | 11648.0 | |
| - | VANGUARD MID-CAP GROWTH INDEX FUND ETF SHARES | ETF | 922908538 | 1,537,626 | 0.42 | 5020.0 | |
| GS | REDUCED | GOLDMAN SACHS GROUP INC | COM | 38141G104 | 1,532,226 | 0.41 | 1515.0 |
| - | CHARLES SCHWAB CORP | COM | 808513105 | 1,506,123 | 0.41 | 16323.0 | |
| JNJ | UNCHANGED | JOHNSON & JOHNSON | COM | 478160104 | 1,404,454 | 0.38 | 5530.0 |
| MDB | REDUCED | MONGODB INC CLASS A | COM | 60937P106 | 1,366,441 | 0.37 | 4068.0 |
| - | THE COCA-COLA CO | COM | 191216100 | 1,349,976 | 0.36 | 16611.0 | |
| - | VANGUARD HIGH DIVIDEND YIELD INDEX FUND ETF SHARES | ETF | 921946406 | 1,344,045 | 0.36 | 8505.0 | |
| - | ISHARES RUSSELL 2000 ETF | ETF | 464287655 | 1,336,459 | 0.36 | 4448.0 | |
| TPG | ADDED | TPG INC CLASS A | COM | 872657101 | 1,300,682 | 0.35 | 32076.0 |
| - | ISHARES MSCI EAFE ETF | ETF | 464287465 | 1,247,523 | 0.34 | 12009.0 | |
| - | VANGUARD FTSE DEVELOPED MARKETS INDEX FUND ETF SHARES | ETF | 921943858 | 1,242,244 | 0.34 | 17435.0 | |
| - | KRANESHARES CSI CHINA INTERNET ETF | ETF | 500767306 | 1,199,519 | 0.32 | 49020.0 | |
| JPM | ADDED | JPMORGAN CHASE & CO | COM | 46625H100 | 1,106,437 | 0.3 | 3380.0 |
| PH | UNCHANGED | PARKER-HANNIFIN CORP | COM | 701094104 | 1,012,354 | 0.27 | 1035.0 |
| - | SCHWAB U.S. BROAD MARKETETF | ETF | 808524102 | 1,002,585 | 0.27 | 34620.0 | |
| - | ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF | ETF | 464287515 | 936,963 | 0.25 | 10342.0 | |
| - | FIRST TRUST NORTH AMERICAN ENERGY INFRASTRUCTURE FUND | ETF | 33738D101 | 898,841 | 0.24 | 20663.0 | |
| ECL | UNCHANGED | ECOLAB INC | COM | 278865100 | 814,934 | 0.22 | 2925.0 |
| - | VANGUARD VALUE INDEX FUND ETF SHARES | ETF | 922908744 | 792,599 | 0.21 | 3637.0 | |
| - | EXXON MOBIL CORP | COM | 30231G102 | 784,089 | 0.21 | 5735.0 | |
| - | ISHARES MSCI ACWI EX U.S. ETF | ETF | 464288240 | 757,979 | 0.2 | 9959.0 | |
| - | INVESCO S&P 500 QUALITY ETF | ETF | 46137V241 | 755,939 | 0.2 | 8390.0 | |
| - | AMERICAN ELEC PWR CO INC | COM | 025537101 | 752,045 | 0.2 | 5497.0 | |
| - | ISHARES S&P SMALL-CAP 600 VALUE ETF | ETF | 464287879 | 751,193 | 0.2 | 5496.0 | |
| GLD | UNCHANGED | SPDR GOLD SHARES | ETF | 78463V107 | 729,024 | 0.2 | 1979.0 |
| OKE | UNCHANGED | ONEOK INC NEW | COM | 682680103 | 685,087 | 0.18 | 7880.0 |
| - | BROOKFIELD CORP FCLASS A | COM | 11271J107 | 670,793 | 0.18 | 15750.0 | |
| - | VANGUARD FTSE EMERGING MARKETS INDEX FUND ETF SHARES | ETF | 922042858 | 651,754 | 0.18 | 10919.0 | |
| - | VANECK GOLD MINERS ETF | ETF | 92189F106 | 642,985 | 0.17 | 8522.0 | |
| - | ISHARES MICRO-CAP ETF | ETF | 464288869 | 624,725 | 0.17 | 3123.0 | |
| - | PPG INDS INC | COM | 693506107 | 605,237 | 0.16 | 4990.0 | |
| GEV | UNCHANGED | GE VERNOVA INC | COM | 36828A101 | 594,479 | 0.16 | 506.0 |
| - | QUALCOMM INC | COM | 747525103 | 594,285 | 0.16 | 3216.0 | |
| - | SABA CAPITAL INCOME & OP | COM | 78518H202 | 584,250 | 0.16 | 88927.0 | |
| ILMN | REDUCED | ILLUMINA INC | COM | 452327109 | 572,502 | 0.15 | 3256.0 |
| - | ISHARES RUSSELL MID-CAP VALUE ETF | ETF | 464287473 | 564,084 | 0.15 | 3427.0 | |
| - | ARK GENOMIC REVOLUTION ETF | ETF | 00214Q302 | 548,715 | 0.15 | 13046.0 | |
| - | ENTERPRISE PRODS PART LP | COM | 293792107 | 527,432 | 0.14 | 14348.0 | |
| TRS | UNCHANGED | TRIMAS CORP | COM | 896215209 | 517,845 | 0.14 | 11500.0 |
| - | iShares Core MSCI Totl Intl STCK ETF | ETF | 46432F834 | 473,573 | 0.13 | 4962.0 | |
| CAT | REDUCED | CATERPILLAR INC | COM | 149123101 | 463,232 | 0.13 | 435.0 |
| AVGO | NEW | BROADCOM INC | COM | 11135F101 | 431,391 | 0.12 | 1142.0 |
| - | RIVERNORTH/DOUBLELINE ST | COM | 76882G107 | 425,441 | 0.11 | 55109.0 | |
| - | ISHARES RUSSELL 2000 VALUE ETF | ETF | 464287630 | 419,838 | 0.11 | 1898.0 | |
| - | TORTOISE ENERGY INFRASTR | COM | 89147L886 | 418,840 | 0.11 | 9770.0 | |
| - | WISDOMTREE JAPAN HEDGED EQUITY FUND | ETF | 97717W851 | 407,772 | 0.11 | 2350.0 | |
| WULF | UNCHANGED | Terawulf Inc Com | COM | 88080T104 | 402,116 | 0.11 | 16280.0 |
| - | SPOTIFY TECHNOLOGY S A F | COM | L8681T102 | 394,852 | 0.11 | 860.0 | |
| NFLX | REDUCED | NETFLIX INC | COM | 64110L106 | 386,274 | 0.1 | 5410.0 |
| - | VANGUARD TOTAL WORLD STOCK INDEX FUND ETF SHARES | ETF | 922042742 | 378,975 | 0.1 | 2415.0 | |
| - | SCHWAB U.S. MID-CAP ETF | ETF | 808524508 | 375,494 | 0.1 | 10184.0 | |
| - | INVESCO S&P 500 EQUAL WEIGHT ETF | ETF | 46137V357 | 358,724 | 0.1 | 1686.0 | |
| - | XTRACKERS MSCI EAFE HEDGED EQUITY ETF | ETF | 233051200 | 345,863 | 0.09 | 6331.0 | |
| - | WILLIAMS COS INC | COM | 969457100 | 345,309 | 0.09 | 4645.0 | |
| SLRC | UNCHANGED | SLR INVESTMENT CORP | COM | 83413U100 | 340,422 | 0.09 | 27520.0 |
| - | CAPITAL ONE FINL CORP | COM | 14040H105 | 334,634 | 0.09 | 1668.0 | |
| FDX | NEW | FEDEX CORP | COM | 31428X106 | 325,655 | 0.09 | 1040.0 |
| - | STATE STREET SPDR S&P METALS & MINING ETF | ETF | 78464A755 | 318,117 | 0.09 | 2975.0 | |
| - | GLOBAL X ARTIFICIAL INTELLIGENCE & TECHNOLOGY ETF | ETF | 37954Y632 | 318,077 | 0.09 | 4848.0 | |
| - | STATE STREET SPDR S&P BIOTECH ETF | ETF | 78464A870 | 316,500 | 0.09 | 2000.0 | |
| - | ISHARES U.S. ENERGY ETF | ETF | 464287796 | 311,245 | 0.08 | 5500.0 | |
| - | Blackstone Private | COM | 09261H305 | 301,543 | 0.08 | 12596.0 | |
| PSX | UNCHANGED | PHILLIPS 66 | COM | 718546104 | 293,809 | 0.08 | 1738.0 |
| MAYS | UNCHANGED | MAYS J W INC | COM | 578473100 | 285,714 | 0.08 | 7326.0 |
| - | TRAVELERS COS INC | COM | 89417E109 | 283,903 | 0.08 | 860.0 | |
| ERAS | NEW | Erasca Inc Com | COM | 29479A108 | 280,296 | 0.08 | 15300.0 |
| - | Ab Active Etfs Inc (international Low Volatility Equity Etf) | ETF | 00039J822 | 273,351 | 0.07 | 6013.0 | |
| HON | REDUCED | HONEYWELL INTL INC | COM | 438516205 | 273,158 | 0.07 | 1220.0 |
| HONA | NEW | HONEYWELL AEROSPACE INC | COM | 43849R105 | 269,718 | 0.07 | 1220.0 |
| - | ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF | ETF | 464287150 | 268,868 | 0.07 | 1637.0 | |
| - | NEW MTN FIN CORP | COM | 647551100 | 267,728 | 0.07 | 37340.0 | |
| - | VANECK SEMICONDUCTOR ETF | ETF | 92189F676 | 264,324 | 0.07 | 403.0 | |
| - | VANGUARD MID-CAP INDEX FUND ETF SHARES | ETF | 922908629 | 260,913 | 0.07 | 3238.0 | |
| - | WEYERHAEUSER CO REIT | COM | 962166104 | 239,400 | 0.06 | 10000.0 | |
| - | ERMENEGILDO ZEGNA N V F | COM | N30577105 | 237,941 | 0.06 | 18275.0 | |
| - | SCHWAB INTERNATIONAL EQUITY ETF | ETF | 808524805 | 236,411 | 0.06 | 8535.0 | |
| - | DELTA AIR LINES INC DEL | COM | 247361702 | 234,150 | 0.06 | 2500.0 | |
| - | Achieve Life | COM | 004468500 | 228,517 | 0.06 | 34995.0 | |
| PANW | NEW | PALO ALTO NETWORKS INC | COM | 697435105 | 225,073 | 0.06 | 660.0 |
| - | VANGUARD SMALL-CAP INDEXFUND ETF SHARES | ETF | 922908751 | 223,567 | 0.06 | 738.0 | |
| MO | REDUCED | ALTRIA GROUP INC | COM | 02209S103 | 215,850 | 0.06 | 3000.0 |
| UNH | NEW | UNITEDHEALTH GROUP INC | COM | 91324P102 | 215,712 | 0.06 | 519.0 |
| PM | REDUCED | PHILIP MORRIS INTL INC | COM | 718172109 | 215,464 | 0.06 | 1191.0 |
| - | BOOKING HLDGS INC | COM | 09857L108 | 213,888 | 0.06 | 1200.0 | |
| AEVA | NEW | Aeva Technologies | COM | 00835Q202 | 211,236 | 0.06 | 7355.0 |
| WEC | UNCHANGED | WEC ENERGY GROUP INC | COM | 92939U106 | 210,887 | 0.06 | 1806.0 |
| MRK | REDUCED | MERCK & CO. INC. | COM | 58933Y105 | 204,444 | 0.06 | 1591.0 |
| - | NUVEEN FLOATING RATE INC | COM | 67072T108 | 179,493 | 0.05 | 23402.0 | |
| - | SERVE ROBOTICS INC | COM | 81758H106 | 173,877 | 0.05 | 26425.0 | |
| - | WILLAMETTE VY VINEYARD I | COM | 969136100 | 137,548 | 0.04 | 54800.0 | |
| ACVA | REDUCED | ACV AUCTIONS INC CLASS A | COM | 00091G104 | 108,188 | 0.03 | 15047.0 |
| CRBU | UNCHANGED | CARIBOU BIOSCIENCES INC | COM | 142038108 | 35,200 | 0.01 | 20000.0 |
| CYDY | UNCHANGED | CYTODYN INC | COM | 23283M101 | 5,970 | 0.0 | 25000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-03 | 370,451,297 | 138 | 3.938584 | 0.189672 | 7.687458 |
| 2026-03-31 | 2026-05-07 | 330,186,588 | 134 | 4.240988 | 0.203978 | 8.423875 |
| 2025-12-31 | 2026-02-11 | 312,343,173 | 136 | 4.77244 | 0.229436 | 9.803937 |
| 2025-09-30 | 2025-11-05 | 299,617,852 | 139 | 5.198575 | 0.252486 | 10.636257 |
| 2025-03-31 | 2025-05-06 | 208,471,679 | 118 | 5.432268 | 0.263901 | 10.583629 |
| 2024-12-31 | 2025-02-11 | 247,109,516 | 141 | 6.061627 | 0.297062 | 11.575306 |