Next Capital Management

NEW YORK, NYfiles as Next Capital Management LLC

$370m in 138 US stocks at the end of 30 June 2026. The top 10 are 48.4% of the money. It changed about 5.8% of the portfolio this quarter.

Value

$370m

Stocks

138

Top 10 share

48.4%

Turnover

5.8%

What changed this quarter

New

Bought for the first time this quarter.

BroadcomAVGO
0.1% of the fund
FedExFDX
<0.1% of the fund
Spdr Series TrustXME
<0.1% of the fund
Blackstone Private CrediBLPRCRI
<0.1% of the fund
ErascaERAS
<0.1% of the fund
Honeywell InternationalHON
<0.1% of the fund
Honeywell AerospaceHONA
<0.1% of the fund
Ishares TRITOT
<0.1% of the fund
Vaneck ETF TrustSMH
<0.1% of the fund
WeyerhaeuserWY
<0.1% of the fund
Delta Air LinesDAL
<0.1% of the fund
Palo Alto NetworksPANW
<0.1% of the fund
Vanguard Index FDSVB
<0.1% of the fund
UnitedHealth GroupUNH
<0.1% of the fund
Aeva TechnologiesAEVA
<0.1% of the fund

Added

Bought more of a stock they already held.

Ishares TRIVV
14.6% of the fund
+3%
Blue Owl CapitalOBDC
5.0% of the fund
+19%
Ishares TRIEFA
4.6% of the fund
+10%
IsharesIEMG
3.7% of the fund
+8%
BlackRock TCP CapitalTCPC
2.8% of the fund
+3%
Meta PlatformsMETA
2.6% of the fund
+6%
Ishares TRIVW
2.6% of the fund
+4%
Ishares TRIJH
2.1% of the fund
+10%
Ishares TRIJR
2.1% of the fund
+6%
KKRKKR
1.3% of the fund
+7%
Schwab Strategic TRFNDX
1.2% of the fund
+13%
Invesco Exch Traded FD TR IIQQQM
1.0% of the fund
+12%
BlackstoneBX
0.8% of the fund
+13%
Apollo Global ManagementAPO
0.8% of the fund
+12%
MicrosoftMSFT
0.6% of the fund
+9%
Select Sector Spdr TRXLK
0.6% of the fund
+28%
Select Sector Spdr TRXLF
0.5% of the fund
+9%
Schwab Strategic TRSCHD
0.5% of the fund
+39%
Vanguard Whitehall FDSVYM
0.4% of the fund
+4%
TPGTPG
0.4% of the fund
+23%
Vanguard Tax-Managed FDSVEA
0.3% of the fund
+4%
JPMorgan ChaseJPM
0.3% of the fund
+3%
Schwab Strategic TRSCHB
0.3% of the fund
+4%
Ishares TRIGV
0.3% of the fund
+8%
First TR Exchange-Traded FDEMLP
0.2% of the fund
+5%

Cut

Sold some of their stake.

Amazon.comAMZN
2.0% of the fund
-29%
Golub Capital BDCGBDC
1.8% of the fund
-11%
AlphabetGOOG
0.6% of the fund
-6%
Ishares TRIUSV
0.6% of the fund
-2%
AlphabetGOOGL
0.5% of the fund
-15%
Charles SchwabSCHW
0.4% of the fund
-4%
MongoDBMDB
0.4% of the fund
-7%
Ishares TRIWM
0.4% of the fund
-2%
Invesco Exchange Traded FD TSPHQ
0.2% of the fund
-12%
American Electric PowerAEP
0.2% of the fund
-3%
IlluminaILMN
0.2% of the fund
-9%
Ishares TRIWS
0.2% of the fund
-8%
CaterpillarCAT
0.1% of the fund
-19%
Spotify TechnologySPOT
0.1% of the fund
-5%
NetflixNFLX
0.1% of the fund
-9%
Vanguard Intl Equity Index FVT
0.1% of the fund
-5%
Altria GroupMO
<0.1% of the fund
-19%
Philip Morris InternationalPM
<0.1% of the fund
-65%
MerckMRK
<0.1% of the fund
-9%
ACV AuctionsACVA
<0.1% of the fund
-10%

Sold out

Sold their entire stake.

J P Morgan Exchange Traded FJPST
-100%
Honeywell InternationalHON
-100%
Rayonier Advanced MaterialsRYAM
-100%
Astera LabsALAB
-100%
CorningGLW
-100%
Blue Owl CapitalOWL
-100%
Home DepotHD
-100%
MGM Resorts InternationalMGM
-100%
AmrizeAMRZ
-100%
MastercardMA
-100%
Virtus Stone Harbor Emerging Markets Income FundEDF
-100%

Holdings

Ishares TRIVV
Share
14.6%
Value
$54m
Shares
72,466
+3%
MidCap Financial InvestmentMFIC
Share
5.2%
Value
$19m
Shares
1,899,667
Held
Blue Owl CapitalOBDC
Share
5.0%
Value
$18m
Shares
1,688,690
+19%
Ishares TRIEFA
Share
4.6%
Value
$17m
Shares
176,061
+10%
Invesco QQQ TRQQQ
Share
4.0%
Value
$15m
Shares
20,030
Held
IsharesIEMG
Share
3.7%
Value
$14m
Shares
163,430
+8%
Vanguard Index FDSVTI
Share
3.1%
Value
$11m
Shares
30,917
Held
BlackRock TCP CapitalTCPC
Share
2.8%
Value
$11m
Shares
3,130,285
+3%
Ishares TRIWF
Share
2.8%
Value
$10m
Shares
84,480
Held
Meta PlatformsMETA
Share
2.6%
Value
$10m
Shares
17,281
+6%
Ishares TRIVW
Share
2.6%
Value
$10m
Shares
70,383
+4%
Ishares TRIJH
Share
2.1%
Value
$8m
Shares
101,771
+10%
Ishares TRIJR
Share
2.1%
Value
$8m
Shares
52,491
+6%
AppleAAPL
Share
2.1%
Value
$8m
Shares
26,355
Held
Amazon.comAMZN
Share
2.0%
Value
$7m
Shares
30,407
-29%
Ishares TRIWD
Share
1.8%
Value
$7m
Shares
27,975
Held
Golub Capital BDCGBDC
Share
1.8%
Value
$7m
Shares
505,442
-11%
Vanguard Index FDSVOO
Share
1.6%
Value
$6m
Shares
8,537
Held
State STR Spdr S&P 500 ETF TSPY
Share
1.3%
Value
$5m
Shares
6,632
Held
Ishares TRIWB
Share
1.3%
Value
$5m
Shares
11,954
Held
KKRKKR
Share
1.3%
Value
$5m
Shares
51,339
+7%
NvidiaNVDA
Share
1.2%
Value
$5m
Shares
22,614
Held
Schwab Strategic TRFNDX
Share
1.2%
Value
$4m
Shares
144,153
+13%
Berkshire HathawayBRK-B
Share
1.1%
Value
$4m
Shares
8,342
Held
Schwab Strategic TRSCHA
Share
1.0%
Value
$4m
Shares
107,520
Held
Invesco Exch Traded FD TR IIQQQM
Share
1.0%
Value
$4m
Shares
12,533
+12%
Vanguard Specialized FundsVIG
Share
0.9%
Value
$3m
Shares
14,624
Held
Schwab Strategic TRSCHX
Share
0.9%
Value
$3m
Shares
112,073
Held
BlackstoneBX
Share
0.8%
Value
$3m
Shares
25,197
+13%
Apollo Global ManagementAPO
Share
0.8%
Value
$3m
Shares
24,569
+12%
Select Sector Spdr TRXLV
Share
0.8%
Value
$3m
Shares
17,990
Held
Vanguard World FDVGT
Share
0.7%
Value
$3m
Shares
22,184
Held
Vanguard Index FDSVUG
Share
0.7%
Value
$3m
Shares
30,404
Held
Ishares TREEM
Share
0.7%
Value
$2m
Shares
36,459
Held
MicrosoftMSFT
Share
0.6%
Value
$2m
Shares
6,140
+9%
Eli LillyLLY
Share
0.6%
Value
$2m
Shares
1,768
Held
AlphabetGOOG
Share
0.6%
Value
$2m
Shares
5,995
-6%
Ishares TRIUSV
Share
0.6%
Value
$2m
Shares
19,159
-2%
Select Sector Spdr TRXLK
Share
0.6%
Value
$2m
Shares
10,700
+28%
AlphabetGOOGL
Share
0.5%
Value
$2m
Shares
5,656
-15%
Select Sector Spdr TRXLF
Share
0.5%
Value
$2m
Shares
37,600
+9%
Vanguard Index FDSVV
Share
0.5%
Value
$2m
Shares
5,376
Held
Schwab Strategic TRSCHD
Share
0.5%
Value
$2m
Shares
56,932
+39%
SalesforceCRM
Share
0.5%
Value
$2m
Shares
11,350
Held
Ishares TRIWP
Share
0.5%
Value
$2m
Shares
11,648
Held
Vanguard Index FDSVOT
Share
0.4%
Value
$2m
Shares
5,020
Held
Goldman Sachs GroupGS
Share
0.4%
Value
$2m
Shares
1,515
Held
Charles SchwabSCHW
Share
0.4%
Value
$2m
Shares
16,323
-4%
Johnson & JohnsonJNJ
Share
0.4%
Value
$1m
Shares
5,530
Held
MongoDBMDB
Share
0.4%
Value
$1m
Shares
4,068
-7%
Coca-ColaKO
Share
0.4%
Value
$1m
Shares
16,611
Held
Vanguard Whitehall FDSVYM
Share
0.4%
Value
$1m
Shares
8,505
+4%
Ishares TRIWM
Share
0.4%
Value
$1m
Shares
4,448
-2%
TPGTPG
Share
0.4%
Value
$1m
Shares
32,076
+23%
Ishares TREFA
Share
0.3%
Value
$1m
Shares
12,009
Held
Vanguard Tax-Managed FDSVEA
Share
0.3%
Value
$1m
Shares
17,435
+4%
Kraneshares TrustKWEB
Share
0.3%
Value
$1m
Shares
49,020
Held
JPMorgan ChaseJPM
Share
0.3%
Value
$1m
Shares
3,380
+3%
Parker-HannifinPH
Share
0.3%
Value
$1m
Shares
1,035
Held
Schwab Strategic TRSCHB
Share
0.3%
Value
$1m
Shares
34,620
+4%
Ishares TRIGV
Share
0.3%
Value
$936,963
Shares
10,342
+8%
First TR Exchange-Traded FDEMLP
Share
0.2%
Value
$898,841
Shares
20,663
+5%
EcolabECL
Share
0.2%
Value
$814,934
Shares
2,925
Held
Vanguard Index FDSVTV
Share
0.2%
Value
$792,599
Shares
3,637
+5%
ExxonMobil HoldingsXOM
Share
0.2%
Value
$784,089
Shares
5,735
Held
Ishares TRACWX
Share
0.2%
Value
$757,979
Shares
9,959
Held
Invesco Exchange Traded FD TSPHQ
Share
0.2%
Value
$755,939
Shares
8,390
-12%
American Electric PowerAEP
Share
0.2%
Value
$752,045
Shares
5,497
-3%
Ishares TRIJS
Share
0.2%
Value
$751,193
Shares
5,496
Held
Spdr Gold TRGLD
Share
0.2%
Value
$729,024
Shares
1,979
Held
OneokOKE
Share
0.2%
Value
$685,087
Shares
7,880
Held
BrookfieldBN
Share
0.2%
Value
$670,793
Shares
15,750
Held
Vanguard Intl Equity Index FVWO
Share
0.2%
Value
$651,754
Shares
10,919
Held
Vaneck ETF TrustGDX
Share
0.2%
Value
$642,985
Shares
8,522
Held
Ishares TRIWC
Share
0.2%
Value
$624,725
Shares
3,123
Held
PPG IndustriesPPG
Share
0.2%
Value
$605,237
Shares
4,990
Held
GE VernovaGEV
Share
0.2%
Value
$594,479
Shares
506
Held
QualcommQCOM
Share
0.2%
Value
$594,285
Shares
3,216
Held
Saba Capital Income & Opportunities FundBRW
Share
0.2%
Value
$584,250
Shares
88,927
Held
IlluminaILMN
Share
0.2%
Value
$572,502
Shares
3,256
-9%
Ishares TRIWS
Share
0.2%
Value
$564,084
Shares
3,427
-8%
ARK ETF TRARKG
Share
0.1%
Value
$548,715
Shares
13,046
Held
Enterprise Products Partners L.P.EPD
Share
0.1%
Value
$527,432
Shares
14,348
Held
TrimasTRS
Share
0.1%
Value
$517,845
Shares
11,500
Held
Ishares TRIXUS
Share
0.1%
Value
$473,573
Shares
4,962
Held
CaterpillarCAT
Share
0.1%
Value
$463,232
Shares
435
-19%
BroadcomAVGO
Share
0.1%
Value
$431,391
Shares
1,142
New
RiverNorth/DoubleLine Strategic Opportunity FundOPP
Share
0.1%
Value
$425,441
Shares
55,109
Held
Ishares TRIWN
Share
0.1%
Value
$419,838
Shares
1,898
Held
Tortoise Energy InfrastructureTYG
Share
0.1%
Value
$418,840
Shares
9,770
Held
Wisdomtree TRDXJ
Share
0.1%
Value
$407,772
Shares
2,350
Held
TerawulfWULF
Share
0.1%
Value
$402,116
Shares
16,280
Held
Spotify TechnologySPOT
Share
0.1%
Value
$394,852
Shares
860
-5%
NetflixNFLX
Share
0.1%
Value
$386,274
Shares
5,410
-9%
Vanguard Intl Equity Index FVT
Share
0.1%
Value
$378,975
Shares
2,415
-5%
Schwab Strategic TRSCHM
Share
0.1%
Value
$375,494
Shares
10,184
Held
Invesco Exchange Traded FD TRSP
Share
<0.1%
Value
$358,724
Shares
1,686
Held
DBX ETF TRDBEF
Share
<0.1%
Value
$345,863
Shares
6,331
Held
Williams CompaniesWMB
Share
<0.1%
Value
$345,309
Shares
4,645
Held
SLR InvestmentSLRC
Share
<0.1%
Value
$340,422
Shares
27,520
Held

Company	Share of fund	Value	Shares	Change
Ishares TRIVV	14.6%	$54m	72,466	+3%
MidCap Financial InvestmentMFIC	5.2%	$19m	1,899,667	Held
Blue Owl CapitalOBDC	5.0%	$18m	1,688,690	+19%
Ishares TRIEFA	4.6%	$17m	176,061	+10%
Invesco QQQ TRQQQ	4.0%	$15m	20,030	Held
IsharesIEMG	3.7%	$14m	163,430	+8%
Vanguard Index FDSVTI	3.1%	$11m	30,917	Held
BlackRock TCP CapitalTCPC	2.8%	$11m	3,130,285	+3%
Ishares TRIWF	2.8%	$10m	84,480	Held
Meta PlatformsMETA	2.6%	$10m	17,281	+6%
Ishares TRIVW	2.6%	$10m	70,383	+4%
Ishares TRIJH	2.1%	$8m	101,771	+10%
Ishares TRIJR	2.1%	$8m	52,491	+6%
AppleAAPL	2.1%	$8m	26,355	Held
Amazon.comAMZN	2.0%	$7m	30,407	-29%
Ishares TRIWD	1.8%	$7m	27,975	Held
Golub Capital BDCGBDC	1.8%	$7m	505,442	-11%
Vanguard Index FDSVOO	1.6%	$6m	8,537	Held
State STR Spdr S&P 500 ETF TSPY	1.3%	$5m	6,632	Held
Ishares TRIWB	1.3%	$5m	11,954	Held
KKRKKR	1.3%	$5m	51,339	+7%
NvidiaNVDA	1.2%	$5m	22,614	Held
Schwab Strategic TRFNDX	1.2%	$4m	144,153	+13%
Berkshire HathawayBRK-B	1.1%	$4m	8,342	Held
Schwab Strategic TRSCHA	1.0%	$4m	107,520	Held
Invesco Exch Traded FD TR IIQQQM	1.0%	$4m	12,533	+12%
Vanguard Specialized FundsVIG	0.9%	$3m	14,624	Held
Schwab Strategic TRSCHX	0.9%	$3m	112,073	Held
BlackstoneBX	0.8%	$3m	25,197	+13%
Apollo Global ManagementAPO	0.8%	$3m	24,569	+12%
Select Sector Spdr TRXLV	0.8%	$3m	17,990	Held
Vanguard World FDVGT	0.7%	$3m	22,184	Held
Vanguard Index FDSVUG	0.7%	$3m	30,404	Held
Ishares TREEM	0.7%	$2m	36,459	Held
MicrosoftMSFT	0.6%	$2m	6,140	+9%
Eli LillyLLY	0.6%	$2m	1,768	Held
AlphabetGOOG	0.6%	$2m	5,995	-6%
Ishares TRIUSV	0.6%	$2m	19,159	-2%
Select Sector Spdr TRXLK	0.6%	$2m	10,700	+28%
AlphabetGOOGL	0.5%	$2m	5,656	-15%
Select Sector Spdr TRXLF	0.5%	$2m	37,600	+9%
Vanguard Index FDSVV	0.5%	$2m	5,376	Held
Schwab Strategic TRSCHD	0.5%	$2m	56,932	+39%
SalesforceCRM	0.5%	$2m	11,350	Held
Ishares TRIWP	0.5%	$2m	11,648	Held
Vanguard Index FDSVOT	0.4%	$2m	5,020	Held
Goldman Sachs GroupGS	0.4%	$2m	1,515	Held
Charles SchwabSCHW	0.4%	$2m	16,323	-4%
Johnson & JohnsonJNJ	0.4%	$1m	5,530	Held
MongoDBMDB	0.4%	$1m	4,068	-7%
Coca-ColaKO	0.4%	$1m	16,611	Held
Vanguard Whitehall FDSVYM	0.4%	$1m	8,505	+4%
Ishares TRIWM	0.4%	$1m	4,448	-2%
TPGTPG	0.4%	$1m	32,076	+23%
Ishares TREFA	0.3%	$1m	12,009	Held
Vanguard Tax-Managed FDSVEA	0.3%	$1m	17,435	+4%
Kraneshares TrustKWEB	0.3%	$1m	49,020	Held
JPMorgan ChaseJPM	0.3%	$1m	3,380	+3%
Parker-HannifinPH	0.3%	$1m	1,035	Held
Schwab Strategic TRSCHB	0.3%	$1m	34,620	+4%
Ishares TRIGV	0.3%	$936,963	10,342	+8%
First TR Exchange-Traded FDEMLP	0.2%	$898,841	20,663	+5%
EcolabECL	0.2%	$814,934	2,925	Held
Vanguard Index FDSVTV	0.2%	$792,599	3,637	+5%
ExxonMobil HoldingsXOM	0.2%	$784,089	5,735	Held
Ishares TRACWX	0.2%	$757,979	9,959	Held
Invesco Exchange Traded FD TSPHQ	0.2%	$755,939	8,390	-12%
American Electric PowerAEP	0.2%	$752,045	5,497	-3%
Ishares TRIJS	0.2%	$751,193	5,496	Held
Spdr Gold TRGLD	0.2%	$729,024	1,979	Held
OneokOKE	0.2%	$685,087	7,880	Held
BrookfieldBN	0.2%	$670,793	15,750	Held
Vanguard Intl Equity Index FVWO	0.2%	$651,754	10,919	Held
Vaneck ETF TrustGDX	0.2%	$642,985	8,522	Held
Ishares TRIWC	0.2%	$624,725	3,123	Held
PPG IndustriesPPG	0.2%	$605,237	4,990	Held
GE VernovaGEV	0.2%	$594,479	506	Held
QualcommQCOM	0.2%	$594,285	3,216	Held
Saba Capital Income & Opportunities FundBRW	0.2%	$584,250	88,927	Held
IlluminaILMN	0.2%	$572,502	3,256	-9%
Ishares TRIWS	0.2%	$564,084	3,427	-8%
ARK ETF TRARKG	0.1%	$548,715	13,046	Held
Enterprise Products Partners L.P.EPD	0.1%	$527,432	14,348	Held
TrimasTRS	0.1%	$517,845	11,500	Held
Ishares TRIXUS	0.1%	$473,573	4,962	Held
CaterpillarCAT	0.1%	$463,232	435	-19%
BroadcomAVGO	0.1%	$431,391	1,142	New
RiverNorth/DoubleLine Strategic Opportunity FundOPP	0.1%	$425,441	55,109	Held
Ishares TRIWN	0.1%	$419,838	1,898	Held
Tortoise Energy InfrastructureTYG	0.1%	$418,840	9,770	Held
Wisdomtree TRDXJ	0.1%	$407,772	2,350	Held
TerawulfWULF	0.1%	$402,116	16,280	Held
Spotify TechnologySPOT	0.1%	$394,852	860	-5%
NetflixNFLX	0.1%	$386,274	5,410	-9%
Vanguard Intl Equity Index FVT	0.1%	$378,975	2,415	-5%
Schwab Strategic TRSCHM	0.1%	$375,494	10,184	Held
Invesco Exchange Traded FD TRSP	<0.1%	$358,724	1,686	Held
DBX ETF TRDBEF	<0.1%	$345,863	6,331	Held
Williams CompaniesWMB	<0.1%	$345,309	4,645	Held
SLR InvestmentSLRC	<0.1%	$340,422	27,520	Held

Showing the largest 100 of 138.

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 36.9% since 30 June 2025.

Where the money is

Financial services5.7%

Technology5.1%

Media & telecom4.0%

Retail & consumer2.1%

Health care1.4%

Industrials1.0%

Energy0.6%

Everyday goods0.5%

Utilities0.4%

Materials0.4%

Real estate0.3%

Other78.5%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.