Next Capital Management LLC
- SEC CIK
- 0001752762
- Latest filing
- Aug 3, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 11, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 136
- −3 vs. Q3 2025
- Portfolio value
- $312.3M
- +$12.7M (+4.2%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 ETF464287200 | ETF | 69,834 | $47.8M | 15.3% | +1,135+1.7% | Added | – |
| MFICMidCap Financial Investment Corp | COM NEW | 1,484,349 | $17.0M | 5.4% | +142,764+10.6% | Added | History |
| TCPCBlackRock TCP Capital Corp. | COM | 2,683,539 | $14.7M | 4.7% | +282,123+11.7% | Added | History |
| Invesco QQQ Trust Series I46090E103 | ETF | 21,424 | $13.2M | 4.2% | +340+1.6% | Added | – |
| iShares Core MSCI Eafe ETF46432F842 | ETF | 146,055 | $13.1M | 4.2% | +11,598+8.6% | Added | – |
| METAMeta Platforms, Inc. | Stock | 16,611 | $11.0M | 3.5% | −102−0.6% | Reduced | History |
| AMZNAmazon Com Inc | Stock | 45,188 | $10.4M | 3.3% | −1,406−3.0% | Reduced | History |
| iShares Russell 1000 Growth ETF464287614 | ETF | 21,471 | $10.2M | 3.3% | +2,246+11.7% | Added | – |
| Vanguard Morningstar Total Stock Market ETF922908769 | ETF | 30,174 | $10.1M | 3.2% | +2,918+10.7% | Added | – |
| iShares Core MSCI Emerging Markets ETF46434G103 | ETF | 142,425 | $9.57M | 3.1% | +35,650+33.4% | Added | – |
| iShares S&P 500 Growth ETF464287309 | ETF | 65,367 | $8.06M | 2.6% | +14,819+29.3% | Added | – |
| AAPLApple Inc. | Stock | 28,346 | $7.71M | 2.5% | +643+2.3% | Added | History |
| iShares Core S&P Small Cap ETF464287804 | ETF | 46,975 | $5.65M | 1.8% | +2,837+6.4% | Added | – |
| iShares Russell 1000 Value ETF464287598 | ETF | 25,679 | $5.40M | 1.7% | +1,785+7.5% | Added | – |
| iShares Core S&P Mid-Cap ETF464287507 | ETF | 80,757 | $5.33M | 1.7% | +10,566+15.1% | Added | – |
| Vanguard S&P 500 ETF922908363 | ETF | 8,438 | $5.29M | 1.7% | −1,599−15.9% | Reduced | – |
| NVDANVIDIA Corp | Stock | 24,922 | $4.65M | 1.5% | −1,521−5.8% | Reduced | History |
| iShares Tr464287622 | RUS 1000 ETF | 11,948 | $4.46M | 1.4% | +31+0.3% | Added | – |
| SPYSPDR S&P 500 ETF Trust | ETF | 6,195 | $4.23M | 1.4% | +347+5.9% | Added | History |
| BRK.BBerkshire Hathaway Inc | Stock | 8,289 | $4.17M | 1.3% | −160−1.9% | Reduced | History |
| Schwab U.S. Small-Cap ETF808524607 | ETF | 119,142 | $3.39M | 1.1% | +1,759+1.5% | Added | – |
| GBDCGolub Capital BDC, Inc. | COM | 244,213 | $3.31M | 1.1% | 00.0% | Unchanged | History |
| Schwab Fundamental U.S. Large Company ETF808524771 | ETF | 120,237 | $3.27M | 1.0% | +15,069+14.3% | Added | – |
| Schwab U.S. Large-Cap ETF808524201 | ETF | 113,652 | $3.06M | 1.0% | −1,759−1.5% | Reduced | – |
| Vanguard Dividend Appreciation ETF921908844 | ETF | 13,360 | $2.94M | 0.9% | +11+0.1% | Added | – |
| Invesco Nasdaq 100 ETF46138G649 | ETF | 11,175 | $2.83M | 0.9% | +2,837+34.0% | Added | – |
| State Street Health Care Select Sector SPDR ETF81369Y209 | ETF | 17,965 | $2.78M | 0.9% | −616−3.3% | Reduced | – |
| KKRKKR & Co. Inc. | COM | 20,273 | $2.58M | 0.8% | 00.0% | Unchanged | History |
| OBDCBlue Owl Capital Corp | COM | 199,584 | $2.49M | 0.8% | +160,221+407.0% | Added | History |
| Vanguard Morningstar Growth ETF922908736 | ETF | 4,942 | $2.41M | 0.8% | −210−4.1% | Reduced | – |
| Vanguard Information Technology ETF92204A702 | ETF | 2,773 | $2.09M | 0.7% | +18+0.7% | Added | – |
| iShares Core S&P US Value ETF464287663 | ETF | 20,381 | $2.09M | 0.7% | +5,379+35.9% | Added | – |
| GOOGLAlphabet Inc. | Stock | 6,515 | $2.04M | 0.7% | +329+5.3% | Added | History |
| MSFTMicrosoft Corp | Stock | 4,212 | $2.04M | 0.7% | −159−3.6% | Reduced | History |
| GOOGAlphabet Inc. | Stock | 6,387 | $2.00M | 0.6% | −182−2.8% | Reduced | History |
| iShares Tr464287234 | MSCI EMG MKT ETF | 34,874 | $1.91M | 0.6% | +367+1.1% | Added | – |
| LLYEli Lilly & Co | Stock | 1,768 | $1.90M | 0.6% | 00.0% | Unchanged | History |
| State Street Financial Select Sector SPDR ETF81369Y605 | ETF | 32,904 | $1.80M | 0.6% | +372+1.1% | Added | – |
| MDBMongoDB, Inc. | CL A | 4,212 | $1.77M | 0.6% | −85−2.0% | Reduced | History |
| Kraneshares Trust500767306 | CSI CHI INTERNET | 49,020 | $1.67M | 0.5% | 00.0% | Unchanged | – |
| JPMorgan Ultra-Short Income ETF46641Q837 | ETF | 32,562 | $1.65M | 0.5% | +8,880+37.5% | Added | – |
| SCHWSchwab Charles Corp | Stock | 16,323 | $1.63M | 0.5% | −10,517−39.2% | Reduced | History |
| BRK.ABerkshire Hathaway Inc | CL A | 2 | $1.51M | 0.5% | 00.0% | Unchanged | History |
| Vanguard Morningstar Large-Cap ETF922908637 | ETF | 4,509 | $1.42M | 0.5% | 00.0% | Unchanged | – |
| Vanguard Morningstar Mid-Cap Growth ETF922908538 | ETF | 5,020 | $1.40M | 0.4% | 00.0% | Unchanged | – |
| TFXTeleflex Inc | COM | 10,423 | $1.27M | 0.4% | 00.0% | Unchanged | History |
| iShares Russell Mid-Cap Growth ETF464287481 | ETF | 9,242 | $1.27M | 0.4% | +7+0.1% | Added | – |
| GSGoldman Sachs Group Inc | Stock | 1,415 | $1.24M | 0.4% | 00.0% | Unchanged | History |
| State Street Technology Select Sector SPDR ETF81369Y803 | ETF | 8,348 | $1.20M | 0.4% | +294+3.7% | AddedConverted for a 2-for-1 split | – |
| JNJJohnson & Johnson | Stock | 5,592 | $1.16M | 0.4% | +13+0.2% | Added | History |
| KOCoca Cola Co | Stock | 16,386 | $1.15M | 0.4% | 00.0% | Unchanged | History |
| Vanguard High Dividend Yield Index ETF921946406 | ETF | 7,778 | $1.12M | 0.4% | 00.0% | Unchanged | – |
| Schwab US Dividend Equity ETF808524797 | ETF | 40,381 | $1.11M | 0.4% | +512+1.3% | Added | – |
| iShares Russell 2000 ETF464287655 | ETF | 4,441 | $1.09M | 0.3% | +10.0% | Added | – |
| VanEck ETF Trust92189F106 | GOLD MINERS ETF | 11,752 | $1.01M | 0.3% | 00.0% | Unchanged | – |
| Vanguard Ftse Developed Markets ETF921943858 | ETF | 16,023 | $1.00M | 0.3% | 00.0% | Unchanged | – |
| JPMJPMorgan Chase & Co | Stock | 3,071 | $989.6K | 0.3% | −1,134−27.0% | Reduced | History |
| iShares MSCI Eafe ETF464287465 | ETF | 10,216 | $981.0K | 0.3% | 00.0% | Unchanged | – |
| ECLEcolab Inc. | Stock | 3,655 | $959.5K | 0.3% | −120−3.2% | Reduced | History |
| PHParker-Hannifin Corp | Stock | 1,035 | $909.7K | 0.3% | 00.0% | Unchanged | History |
| Invesco S&P 500 Quality ETF46137V241 | ETF | 11,608 | $871.2K | 0.3% | 00.0% | Unchanged | – |
| Schwab U.S. Broad Market ETF808524102 | ETF | 33,125 | $868.9K | 0.3% | +104+0.3% | Added | – |
| ALABAstera Labs, Inc. | Stock | 5,182 | $862.1K | 0.3% | 00.0% | Unchanged | History |
| First Tr Exchange-Traded FD33738D101 | NO AMER ENERGY | 19,345 | $732.6K | 0.2% | 00.0% | Unchanged | – |
| BNBROOKFIELD Corp | CL A LTD VT SH | 15,750 | $722.8K | 0.2% | +5,250+50.0% | Added | History |
| BXBlackstone Inc. | COM | 4,560 | $702.8K | 0.2% | +21+0.5% | Added | History |
| CSGSCSG Systems International Inc | COM | 9,000 | $690.2K | 0.2% | 00.0% | Unchanged | History |
| iShares MSCI Acwi Ex U.S. ETF464288240 | ETF | 9,959 | $668.5K | 0.2% | 00.0% | Unchanged | – |
| XOMExxonMobil Holdings Corp | COM | 5,545 | $667.3K | 0.2% | −199−3.5% | Reduced | History |
| VanEck ETF Trust92189F411 | BDC INCOME ETF | 46,000 | $652.3K | 0.2% | +46,000 | New | – |
| BRWSaba Capital Income & Opportunities Fund | SHS NEW | 88,927 | $623.4K | 0.2% | 00.0% | Unchanged | History |
| NFLXNetflix Inc | Stock | 6,525 | $611.8K | 0.2% | −3,445−34.6% | ReducedConverted for a 10-for-1 split | History |
| AEPAmerican Electric Power Co Inc | Stock | 5,075 | $585.2K | 0.2% | 00.0% | Unchanged | History |
| OKEONEOK Inc | COM | 7,880 | $579.2K | 0.2% | 00.0% | Unchanged | History |
| Vanguard Morningstar Value ETF922908744 | ETF | 3,031 | $578.9K | 0.2% | 00.0% | Unchanged | – |
| QCOMQualcomm Inc | Stock | 3,245 | $555.1K | 0.2% | +29+0.9% | Added | History |
| COFCapital One Financial Corp | Stock | 2,256 | $540.3K | 0.2% | +2,256 | New | History |
| Vanguard Ftse Emerging Markets ETF922042858 | ETF | 9,948 | $534.8K | 0.2% | +7+0.1% | Added | – |
| PPGPPG Industries Inc | Stock | 5,129 | $525.5K | 0.2% | −75−1.4% | Reduced | History |
| SPOTSpotify Technology S.A. | Stock | 860 | $499.4K | 0.2% | 00.0% | Unchanged | History |
| iShares Tr464288869 | MICRO-CAP ETF | 3,123 | $492.5K | 0.2% | 00.0% | Unchanged | – |
| RYAMRayonier Advanced Materials Inc. | COM | 82,245 | $484.4K | 0.2% | +16,000+24.2% | Added | History |
| ILMNIllumina, Inc. | COM | 3,578 | $469.3K | 0.2% | 00.0% | Unchanged | History |
| EPDEnterprise Products Partners L.P. | Stock | 13,993 | $448.6K | 0.1% | 00.0% | Unchanged | History |
| OPPRiverNorth/DoubleLine Strategic Opportunity Fund, Inc. | COM | 55,109 | $438.1K | 0.1% | 00.0% | Unchanged | History |
| SLRCSLR Investment Corp. | COM | 27,520 | $425.5K | 0.1% | 00.0% | Unchanged | History |
| iShares Core MSCI Total International Stock ETF46432F834 | ETF | 4,962 | $420.0K | 0.1% | 00.0% | Unchanged | – |
| TRSTrimas Corp | COM NEW | 11,500 | $407.7K | 0.1% | 00.0% | Unchanged | History |
| TYGTortoise Energy Infrastructure Corp | COM | 9,770 | $399.6K | 0.1% | 00.0% | Unchanged | History |
| HONHoneywell International Inc | COM | 1,992 | $388.6K | 0.1% | 00.0% | Unchanged | History |
| ARK ETF Tr00214Q302 | GENOMIC REV ETF | 13,046 | $377.9K | 0.1% | 00.0% | Unchanged | – |
| iShares S&P Small-Cap 600 Value ETF464287879 | ETF | 3,230 | $367.3K | 0.1% | 00.0% | Unchanged | – |
| GEVGE Vernova Inc. | Stock | 511 | $334.0K | 0.1% | +5+1.0% | Added | History |
| Vanguard Total World Stock ETF922042742 | ETF | 2,364 | $333.5K | 0.1% | 00.0% | Unchanged | – |
| CMCSAComcast Corp | Stock | 10,928 | $326.6K | 0.1% | −250−2.2% | Reduced | History |
| Invesco Exchange Traded FD T46137V357 | S&P500 EQL WGT | 1,705 | $326.6K | 0.1% | +91+5.6% | Added | – |
| iShares Russell Mid-Cap Value ETF464287473 | ETF | 2,246 | $316.8K | 0.1% | 00.0% | Unchanged | – |
| CATCaterpillar Inc | Stock | 535 | $306.5K | 0.1% | 00.0% | Unchanged | History |
| Schwab U.S. Mid-Cap ETF808524508 | ETF | 10,169 | $305.8K | 0.1% | +10,169 | New | – |
| DBX ETF Tr233051200 | XTRACK MSCI EAFE | 6,331 | $304.6K | 0.1% | 00.0% | Unchanged | – |
Sold out since Q3 2025 (12)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| WMTWalmart Inc. | Stock | 20,600 | $2.12M | 0.7% | History |
| PMPhilip Morris International Inc. | Stock | 7,588 | $1.23M | 0.4% | History |
| MCDMcDonalds Corp | Stock | 4,007 | $1.22M | 0.4% | History |
| HDHome Depot, Inc. | Stock | 1,993 | $807.5K | 0.3% | History |
| Direxion Shs ETF Tr25460E661 | DLY AEROSPC 3X | 5,000 | $343.8K | 0.1% | – |
| MOAltria Group, Inc. | Stock | 5,076 | $335.3K | 0.1% | History |
| PGProcter & Gamble Co | Stock | 1,852 | $284.6K | 0.1% | History |
| MDLZMondelez International, Inc. | Stock | 3,656 | $228.4K | 0.1% | History |
| WECWec Energy Group, Inc. | Stock | 1,806 | $206.9K | 0.1% | History |
| CRMLCritical Metals Corp. | PUBCO ORD SHS | 19,982 | $124.3K | <0.1% | History |
| BYNDBeyond Meat, Inc. | COM | 10,043 | $19.0K | <0.1% | History |
| Talga Group Ltd ShsQ8833K103 | Common Stock | 50,000 | $14.6K | <0.1% | – |