Next Capital Management LLC
- SEC CIK
- 0001752762
- Latest filing
- Aug 3, 2026
Holdings in Q3 2025
Holdings as of Sep 30, 2025, filed Nov 5, 2025. Long positions only; changes compare share counts with Q2 2025.
- Positions
- 139
- +2 vs. Q2 2025
- Portfolio value
- $299.6M
- +$29.0M (+10.7%) vs. Q2 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 ETF464287200 | ETF | 68,699 | $46.0M | 15.3% | +4,550+7.1% | Added | – |
| MFICMidCap Financial Investment Corp | COM NEW | 1,341,585 | $16.1M | 5.4% | +616,184+84.9% | Added | History |
| TCPCBlackRock TCP Capital Corp. | COM | 2,401,416 | $14.9M | 5.0% | +1,266,590+111.6% | Added | History |
| Invesco QQQ Trust Series I46090E103 | ETF | 21,084 | $12.7M | 4.2% | −716−3.3% | Reduced | – |
| METAMeta Platforms, Inc. | Stock | 16,713 | $12.3M | 4.1% | +56+0.3% | Added | History |
| iShares Core MSCI Eafe ETF46432F842 | ETF | 134,457 | $11.7M | 3.9% | +18,122+15.6% | Added | – |
| AMZNAmazon Com Inc | Stock | 46,594 | $10.2M | 3.4% | +2,627+6.0% | Added | History |
| iShares Russell 1000 Growth ETF464287614 | ETF | 19,225 | $9.01M | 3.0% | +1,058+5.8% | Added | – |
| Vanguard Morningstar Total Stock Market ETF922908769 | ETF | 27,256 | $8.95M | 3.0% | +693+2.6% | Added | – |
| AAPLApple Inc. | Stock | 27,703 | $7.05M | 2.4% | −16,311−37.1% | Reduced | History |
| iShares Core MSCI Emerging Markets ETF46434G103 | ETF | 106,775 | $7.04M | 2.3% | +24,628+30.0% | Added | – |
| Vanguard S&P 500 ETF922908363 | ETF | 10,037 | $6.15M | 2.1% | −5,711−36.3% | Reduced | – |
| iShares S&P 500 Growth ETF464287309 | ETF | 50,548 | $6.10M | 2.0% | +2,775+5.8% | Added | – |
| iShares Core S&P Small Cap ETF464287804 | ETF | 44,138 | $5.24M | 1.8% | +6,189+16.3% | Added | – |
| NVDANVIDIA Corp | Stock | 26,443 | $4.93M | 1.6% | −590−2.2% | Reduced | History |
| iShares Russell 1000 Value ETF464287598 | ETF | 23,894 | $4.86M | 1.6% | +2,599+12.2% | Added | – |
| iShares Core S&P Mid-Cap ETF464287507 | ETF | 70,191 | $4.58M | 1.5% | +4,509+6.9% | Added | – |
| iShares Tr464287622 | RUS 1000 ETF | 11,917 | $4.36M | 1.5% | −817−6.4% | Reduced | – |
| BRK.BBerkshire Hathaway Inc | Stock | 8,449 | $4.25M | 1.4% | 00.0% | Unchanged | History |
| SPYSPDR S&P 500 ETF Trust | ETF | 5,848 | $3.90M | 1.3% | +72+1.2% | Added | History |
| GBDCGolub Capital BDC, Inc. | COM | 244,213 | $3.34M | 1.1% | −35,231−12.6% | Reduced | History |
| Schwab U.S. Small-Cap ETF808524607 | ETF | 117,383 | $3.27M | 1.1% | −160.0% | Reduced | – |
| Schwab U.S. Large-Cap ETF808524201 | ETF | 115,411 | $3.04M | 1.0% | −4,094−3.4% | Reduced | – |
| Vanguard Dividend Appreciation ETF921908844 | ETF | 13,349 | $2.88M | 1.0% | +7+0.1% | Added | – |
| Schwab Fundamental U.S. Large Company ETF808524771 | ETF | 105,168 | $2.77M | 0.9% | +20,010+23.5% | Added | – |
| KKRKKR & Co. Inc. | COM | 20,273 | $2.63M | 0.9% | 00.0% | Unchanged | History |
| State Street Health Care Select Sector SPDR ETF81369Y209 | ETF | 18,581 | $2.59M | 0.9% | −3,396−15.5% | Reduced | – |
| Vanguard Morningstar Growth ETF922908736 | ETF | 5,152 | $2.47M | 0.8% | +210+4.2% | Added | – |
| MSFTMicrosoft Corp | Stock | 4,371 | $2.26M | 0.8% | −677−13.4% | Reduced | History |
| WMTWalmart Inc. | Stock | 20,600 | $2.12M | 0.7% | 00.0% | Unchanged | History |
| Invesco Nasdaq 100 ETF46138G649 | ETF | 8,338 | $2.06M | 0.7% | +190+2.3% | Added | – |
| Kraneshares Trust500767306 | CSI CHI INTERNET | 49,020 | $2.06M | 0.7% | 00.0% | Unchanged | – |
| Vanguard Information Technology ETF92204A702 | ETF | 2,755 | $2.06M | 0.7% | 00.0% | Unchanged | – |
| SCHWSchwab Charles Corp | Stock | 26,840 | $1.89M | 0.6% | +10,156+60.9% | Added | History |
| iShares Tr464287234 | MSCI EMG MKT ETF | 34,507 | $1.84M | 0.6% | +70.0% | Added | – |
| State Street Financial Select Sector SPDR ETF81369Y605 | ETF | 32,532 | $1.75M | 0.6% | +98+0.3% | Added | – |
| GOOGAlphabet Inc. | Stock | 6,569 | $1.60M | 0.5% | −215−3.2% | Reduced | History |
| BRK.ABerkshire Hathaway Inc | CL A | 2 | $1.51M | 0.5% | 00.0% | Unchanged | History |
| GOOGLAlphabet Inc. | Stock | 6,186 | $1.50M | 0.5% | −786−11.3% | Reduced | History |
| iShares Core S&P US Value ETF464287663 | ETF | 15,002 | $1.50M | 0.5% | +1,455+10.7% | Added | – |
| Vanguard Morningstar Mid-Cap Growth ETF922908538 | ETF | 5,020 | $1.47M | 0.5% | −1,410−21.9% | Reduced | – |
| Vanguard Morningstar Large-Cap ETF922908637 | ETF | 4,509 | $1.39M | 0.5% | 00.0% | Unchanged | – |
| LLYEli Lilly & Co | Stock | 1,768 | $1.35M | 0.5% | +64+3.8% | Added | History |
| MDBMongoDB, Inc. | CL A | 4,297 | $1.33M | 0.4% | 00.0% | Unchanged | History |
| JPMJPMorgan Chase & Co | Stock | 4,205 | $1.33M | 0.4% | −5,439−56.4% | Reduced | History |
| iShares Russell Mid-Cap Growth ETF464287481 | ETF | 9,235 | $1.32M | 0.4% | +5+0.1% | Added | – |
| TFXTeleflex Inc | COM | 10,423 | $1.28M | 0.4% | 00.0% | Unchanged | History |
| PMPhilip Morris International Inc. | Stock | 7,588 | $1.23M | 0.4% | 00.0% | Unchanged | History |
| MCDMcDonalds Corp | Stock | 4,007 | $1.22M | 0.4% | −677−14.5% | Reduced | History |
| JPMorgan Ultra-Short Income ETF46641Q837 | ETF | 23,682 | $1.20M | 0.4% | +3,497+17.3% | Added | – |
| NFLXNetflix Inc | Stock | 997 | $1.20M | 0.4% | −5−0.5% | Reduced | History |
| State Street Technology Select Sector SPDR ETF81369Y803 | ETF | 4,027 | $1.14M | 0.4% | +56+1.4% | Added | – |
| GSGoldman Sachs Group Inc | Stock | 1,415 | $1.13M | 0.4% | −104−6.8% | Reduced | History |
| Vanguard High Dividend Yield Index ETF921946406 | ETF | 7,778 | $1.10M | 0.4% | 00.0% | Unchanged | – |
| Schwab US Dividend Equity ETF808524797 | ETF | 39,869 | $1.09M | 0.4% | +862+2.2% | Added | – |
| KOCoca Cola Co | Stock | 16,386 | $1.09M | 0.4% | −5,329−24.5% | Reduced | History |
| iShares Russell 2000 ETF464287655 | ETF | 4,440 | $1.07M | 0.4% | +23+0.5% | Added | – |
| JNJJohnson & Johnson | Stock | 5,579 | $1.03M | 0.3% | −204−3.5% | Reduced | History |
| ECLEcolab Inc. | Stock | 3,775 | $1.03M | 0.3% | 00.0% | Unchanged | History |
| ALABAstera Labs, Inc. | Stock | 5,182 | $1.01M | 0.3% | 00.0% | Unchanged | History |
| Vanguard Ftse Developed Markets ETF921943858 | ETF | 16,023 | $960.1K | 0.3% | +2,491+18.4% | Added | – |
| iShares MSCI Eafe ETF464287465 | ETF | 10,216 | $953.9K | 0.3% | 00.0% | Unchanged | – |
| VanEck ETF Trust92189F106 | GOLD MINERS ETF | 11,752 | $897.9K | 0.3% | 00.0% | Unchanged | – |
| Invesco S&P 500 Quality ETF46137V241 | ETF | 11,608 | $850.8K | 0.3% | −3,013−20.6% | Reduced | – |
| Schwab U.S. Broad Market ETF808524102 | ETF | 33,021 | $849.0K | 0.3% | +95+0.3% | Added | – |
| HDHome Depot, Inc. | Stock | 1,993 | $807.5K | 0.3% | 00.0% | Unchanged | History |
| PHParker-Hannifin Corp | Stock | 1,035 | $784.7K | 0.3% | 00.0% | Unchanged | History |
| BXBlackstone Inc. | COM | 4,539 | $775.5K | 0.3% | +13+0.3% | Added | History |
| First Tr Exchange-Traded FD33738D101 | NO AMER ENERGY | 19,345 | $740.7K | 0.2% | 00.0% | Unchanged | – |
| BNBROOKFIELD Corp | CL A LTD VT SH | 10,500 | $720.1K | 0.2% | 00.0% | Unchanged | History |
| BRWSaba Capital Income & Opportunities Fund | SHS NEW | 88,927 | $691.0K | 0.2% | −10,798−10.8% | Reduced | History |
| XOMExxonMobil Holdings Corp | COM | 5,744 | $647.6K | 0.2% | −778−11.9% | Reduced | History |
| iShares MSCI Acwi Ex U.S. ETF464288240 | ETF | 9,959 | $647.4K | 0.2% | 00.0% | Unchanged | – |
| SPOTSpotify Technology S.A. | Stock | 860 | $600.3K | 0.2% | 00.0% | Unchanged | History |
| CSGSCSG Systems International Inc | COM | 9,000 | $579.4K | 0.2% | 00.0% | Unchanged | History |
| OKEONEOK Inc | COM | 7,880 | $575.0K | 0.2% | 00.0% | Unchanged | History |
| AEPAmerican Electric Power Co Inc | Stock | 5,075 | $570.9K | 0.2% | 00.0% | Unchanged | History |
| Vanguard Morningstar Value ETF922908744 | ETF | 3,031 | $565.7K | 0.2% | +266+9.6% | Added | – |
| PPGPPG Industries Inc | Stock | 5,204 | $547.0K | 0.2% | 00.0% | Unchanged | History |
| Vanguard Ftse Emerging Markets ETF922042858 | ETF | 9,941 | $538.6K | 0.2% | −23−0.2% | Reduced | – |
| QCOMQualcomm Inc | Stock | 3,216 | $535.0K | 0.2% | 00.0% | Unchanged | History |
| OBDCBlue Owl Capital Corp | COM | 39,363 | $502.7K | 0.2% | 00.0% | Unchanged | History |
| RYAMRayonier Advanced Materials Inc. | COM | 66,245 | $478.3K | 0.2% | +66,245 | New | History |
| OPPRiverNorth/DoubleLine Strategic Opportunity Fund, Inc. | COM | 55,109 | $470.1K | 0.2% | −8,750−13.7% | Reduced | History |
| iShares Tr464288869 | MICRO-CAP ETF | 3,123 | $465.6K | 0.2% | 00.0% | Unchanged | – |
| TRSTrimas Corp | COM NEW | 11,500 | $444.4K | 0.1% | 00.0% | Unchanged | History |
| EPDEnterprise Products Partners L.P. | Stock | 13,993 | $437.6K | 0.1% | −632−4.3% | Reduced | History |
| TYGTortoise Energy Infrastructure Corp | COM | 9,770 | $421.0K | 0.1% | 00.0% | Unchanged | History |
| SLRCSLR Investment Corp. | COM | 27,520 | $420.8K | 0.1% | 00.0% | Unchanged | History |
| HONHoneywell International Inc | COM | 1,992 | $419.3K | 0.1% | +650+48.4% | Added | History |
| iShares Core MSCI Total International Stock ETF46432F834 | ETF | 4,962 | $409.8K | 0.1% | +4,962 | New | – |
| ARK ETF Tr00214Q302 | GENOMIC REV ETF | 13,046 | $362.3K | 0.1% | 00.0% | Unchanged | – |
| ABBVAbbVie Inc. | Stock | 1,564 | $362.1K | 0.1% | −313−16.7% | Reduced | History |
| iShares S&P Small-Cap 600 Value ETF464287879 | ETF | 3,230 | $357.2K | 0.1% | 00.0% | Unchanged | – |
| CMCSAComcast Corp | Stock | 11,178 | $351.2K | 0.1% | 00.0% | Unchanged | History |
| Direxion Shs ETF Tr25460E661 | DLY AEROSPC 3X | 5,000 | $343.8K | 0.1% | +1,000+25.0% | Added | – |
| ILMNIllumina, Inc. | COM | 3,578 | $339.8K | 0.1% | 00.0% | Unchanged | History |
| MOAltria Group, Inc. | Stock | 5,076 | $335.3K | 0.1% | 00.0% | Unchanged | History |
| Vanguard Total World Stock ETF922042742 | ETF | 2,364 | $325.7K | 0.1% | 00.0% | Unchanged | – |
| iShares Russell Mid-Cap Value ETF464287473 | ETF | 2,246 | $313.7K | 0.1% | +216+10.6% | Added | – |
Sold out since Q2 2025 (10)
Positions held at the end of Q2 2025 that are gone from this filing.
| Security | Class | Shares in Q2 2025 | Value in Q2 2025 | % of portfolio in Q2 2025 | History |
|---|---|---|---|---|---|
| iShares Inc464286806 | MSCI GERMANY ETF | 11,475 | $485.5K | 0.2% | – |
| MRKMerck & Co., Inc. | Stock | 5,814 | $461.0K | 0.2% | History |
| PFEPfizer Inc | Stock | 17,903 | $434.0K | 0.2% | History |
| NOCNorthrop Grumman Corp | Stock | 811 | $405.5K | 0.1% | History |
| UNHUnitedHealth Group Inc | Stock | 1,246 | $388.7K | 0.1% | History |
| CRMSalesforce, Inc. | Stock | 943 | $257.1K | 0.1% | History |
| PEPPepsiCo Inc | Stock | 1,738 | $229.5K | 0.1% | History |
| Schwab U.S. Mid-Cap ETF808524508 | ETF | 8,100 | $227.2K | 0.1% | – |
| ABTAbbott Laboratories | Stock | 1,634 | $222.2K | 0.1% | History |
| ETWOE2open Parent Holdings, Inc. | COM CL A | 14,587 | $47.1K | <0.1% | History |