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Next Capital Management LLC Top Holdings and 13F Report (2025)

About Next Capital Management LLC

Investment Activity

  • Next Capital Management LLC has $270.62 million in total holdings as of June 30, 2025.
  • Next Capital Management LLC owns shares of 137 different stocks, but just 40 companies or ETFs make up 80% of its holdings.
  • Approximately 17.80% of the portfolio was purchased this quarter.
  • About 1.65% of the portfolio was sold this quarter.
  • This quarter, Next Capital Management LLC has purchased 118 new stocks and bought additional shares in 65 stocks.
  • Next Capital Management LLC sold shares of 14 stocks and completely divested from 5 stocks this quarter.

Largest Holdings

Meta Platforms
$12,294,463
Invesco QQQ
$12,025,967
Amazon.com
$9,645,920

Largest New Holdings this Quarter

60937P106 - MongoDB
$902,327 Holding
78518H202 - SABA CAPITAL INCOME OPPO
$803,784 Holding
04626A103 - ASTERA LABS INC
$468,556 Holding
89147L886 - Tortoise Energy Infrastructure
$428,805 Holding

Largest Purchases this Quarter

Blackrock Tcp Capital
1,083,968 shares (about $8.35M)
MidCap Financial Investment
556,316 shares (about $7.02M)
Vanguard S&P 500 ETF
7,708 shares (about $4.38M)
iShares Core S&P 500 ETF
5,564 shares (about $3.45M)
iShares Russell 1000 ETF
6,889 shares (about $2.34M)

Largest Sales this Quarter

JPMorgan Ultra-Short Income ETF
18,966 shares (about $961.21K)
Golub Capital BDC
63,509 shares (about $930.41K)
American Electric Power
2,953 shares (about $306.40K)
Vanguard FTSE Emerging Markets ETF
2,826 shares (about $139.77K)
Ecolab
455 shares (about $122.60K)

Sector Allocation Over Time

Map of 500 Largest Holdings ofNext Capital Management LLC

 
 
Selling
 
 
Neutral
 
 
Buying
Issuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSector
iShares Core S&P 500 ETF stock logo
IVV
iShares Core S&P 500 ETF
$39,829,910$3,454,670 9.5%64,14914.7%ETF
Meta Platforms, Inc. stock logo
META
Meta Platforms
$12,294,463$32,476 0.3%16,6574.5%Computer and Technology
Invesco QQQ stock logo
QQQ
Invesco QQQ
$12,025,967$15,998 0.1%21,8004.4%Finance
iShares Core MSCI EAFE ETF stock logo
IEFA
iShares Core MSCI EAFE ETF
$9,711,605$995,411 11.4%116,3353.6%ETF
Amazon.com, Inc. stock logo
AMZN
Amazon.com
$9,645,920$1,057,899 12.3%43,9673.6%Retail/Wholesale
MidCap Financial Investment Corporation stock logo
MFIC
MidCap Financial Investment
$9,154,561$7,020,708 329.0%725,4013.4%Finance
Apple Inc. stock logo
AAPL
Apple
$9,030,285$414,645 4.8%44,0143.3%Computer and Technology
Vanguard S&P 500 ETF stock logo
VOO
Vanguard S&P 500 ETF
$8,958,641$4,384,887 95.9%15,7483.3%ETF
Blackrock Tcp Capital Corp. stock logo
TCPC
Blackrock Tcp Capital
$8,738,160$8,346,553 2,131.4%1,134,8263.2%Finance
Vanguard Total Stock Market ETF stock logo
VTI
Vanguard Total Stock Market ETF
$8,073,374$129,779 1.6%26,5633.0%ETF
iShares Russell 1000 Growth ETF stock logo
IWF
iShares Russell 1000 Growth ETF
$7,713,503$78,549 -1.0%18,1672.9%ETF
iShares S&P 500 Growth ETF stock logo
IVW
iShares S&P 500 Growth ETF
$5,259,760$118,026 2.3%47,7731.9%ETF
iShares Core MSCI Emerging Markets ETF stock logo
IEMG
iShares Core MSCI Emerging Markets ETF
$4,931,292$482,702 10.9%82,1471.8%ETF
iShares Russell 1000 ETF stock logo
IWB
iShares Russell 1000 ETF
$4,324,095$2,339,303 117.9%12,7341.6%ETF
NVIDIA Corporation stock logo
NVDA
NVIDIA
$4,270,990$2,282,032 114.7%27,0331.6%Computer and Technology
iShares Core S&P Small-Cap ETF stock logo
IJR
iShares Core S&P Small-Cap ETF
$4,147,455$336,177 8.8%37,9491.5%ETF
iShares Russell 1000 Value ETF stock logo
IWD
iShares Russell 1000 Value ETF
$4,136,046$139,066 3.5%21,2951.5%ETF
Berkshire Hathaway Inc. stock logo
BRK.B
Berkshire Hathaway
$4,104,271$516,374 14.4%8,4491.5%Finance
Golub Capital BDC, Inc. stock logo
GBDC
Golub Capital BDC
$4,093,855$930,407 -18.5%279,4441.5%Finance
iShares Core S&P Mid-Cap ETF stock logo
IJH
iShares Core S&P Mid-Cap ETF
$4,073,593$72,005 1.8%65,6821.5%ETF
SPDR S&P 500 ETF Trust stock logo
SPY
SPDR S&P 500 ETF Trust
$3,570,695$68,620 -1.9%5,7761.3%Finance
Schwab US Small-Cap ETF stock logo
SCHA
Schwab US Small-Cap ETF
$2,970,207$33,270 -1.1%117,3991.1%ETF
Health Care Select Sector SPDR Fund stock logo
XLV
Health Care Select Sector SPDR Fund
$2,962,290$2,965 0.1%21,9771.1%ETF
Schwab US Large-Cap ETF stock logo
SCHX
Schwab US Large-Cap ETF
$2,920,696$13,955 -0.5%119,5051.1%ETF
Vanguard Dividend Appreciation ETF stock logo
VIG
Vanguard Dividend Appreciation ETF
$2,730,6300.0%13,3421.0%ETF
KKR & Co. Inc. stock logo
KKR
KKR & Co. Inc.
$2,696,917$383,925 16.6%20,2731.0%Finance
Microsoft Corporation stock logo
MSFT
Microsoft
$2,510,752$611,772 32.2%5,0480.9%Computer and Technology
Vanguard Growth ETF stock logo
VUG
Vanguard Growth ETF
$2,166,676$21,044 1.0%4,9420.8%ETF
Schwab Fundamental U.S. Large Company ETF stock logo
FNDX
Schwab Fundamental U.S. Large Company ETF
$2,089,786$528,397 33.8%85,1580.8%ETF
Walmart Inc. stock logo
WMT
Walmart
$2,014,2430.0%20,6000.7%Retail/Wholesale
Invesco NASDAQ 100 ETF stock logo
QQQM
Invesco NASDAQ 100 ETF
$1,850,442$72,900 4.1%8,1480.7%ETF
Vanguard Mid-Cap Growth ETF stock logo
VOT
Vanguard Mid-Cap Growth ETF
$1,828,6280.0%6,4300.7%ETF
Vanguard Information Technology ETF stock logo
VGT
Vanguard Information Technology ETF
$1,827,3360.0%2,7550.7%ETF
Financial Select Sector SPDR Fund stock logo
XLF
Financial Select Sector SPDR Fund
$1,698,545$67,085 4.1%32,4340.6%ETF
KraneShares CSI China Internet ETF stock logo
KWEB
KraneShares CSI China Internet ETF
$1,682,8570.0%49,0200.6%Manufacturing
iShares MSCI Emerging Markets ETF stock logo
EEM
iShares MSCI Emerging Markets ETF
$1,664,263$83,503 5.3%34,5000.6%Finance
CocaCola Company (The) stock logo
KO
CocaCola
$1,538,244$288,239 23.1%21,7150.6%Consumer Staples
The Charles Schwab Corporation stock logo
SCHW
Charles Schwab
$1,522,248$64,050 4.4%16,6840.6%Finance
JPMorgan Chase & Co. stock logo
JPM
JPMorgan Chase & Co.
$1,494,529$1,043,567 231.4%9,6440.6%Finance
Berkshire Hathaway Inc. stock logo
BRK.A
Berkshire Hathaway
$1,457,6000.0%20.5%Finance
Philip Morris International Inc. stock logo
PM
Philip Morris International
$1,382,002$44,804 3.4%7,5880.5%Consumer Staples
McDonald's Corporation stock logo
MCD
McDonald's
$1,368,524$191,956 16.3%4,6840.5%Retail/Wholesale
Netflix, Inc. stock logo
NFLX
Netflix
$1,341,808$79,009 6.3%1,0020.5%Consumer Discretionary
Eli Lilly and Company stock logo
LLY
Eli Lilly and Company
$1,328,319$634,537 91.5%1,7040.5%Medical
Vanguard Large-Cap ETF stock logo
VV
Vanguard Large-Cap ETF
$1,286,418$5,421 0.4%4,5090.5%ETF
iShares Core S&P U.S. Value ETF stock logo
IUSV
iShares Core S&P U.S. Value ETF
$1,281,960$24,036 1.9%13,5470.5%Manufacturing
iShares Russell Mid-Cap Growth ETF stock logo
IWP
iShares Russell Mid-Cap Growth ETF
$1,279,997$178,478 16.2%9,2300.5%ETF
Teleflex Incorporated stock logo
TFX
Teleflex
$1,233,613$300,976 32.3%10,4230.5%Medical
Alphabet Inc. stock logo
GOOGL
Alphabet
$1,228,645$695,210 130.3%6,9720.5%Computer and Technology
Alphabet Inc. stock logo
GOOG
Alphabet
$1,203,414$550,796 84.4%6,7840.4%Computer and Technology
The Goldman Sachs Group, Inc. stock logo
GS
The Goldman Sachs Group
$1,073,310$266,384 33.0%1,5190.4%Finance
Invesco S&P 500 Quality ETF stock logo
SPHQ
Invesco S&P 500 Quality ETF
$1,041,892$713,526 217.3%14,6210.4%ETF
Vanguard High Dividend Yield ETF stock logo
VYM
Vanguard High Dividend Yield ETF
$1,036,8850.0%7,7780.4%ETF
Schwab US Dividend Equity ETF stock logo
SCHD
Schwab US Dividend Equity ETF
$1,033,689$19,001 1.9%39,0070.4%ETF
JPMorgan Ultra-Short Income ETF stock logo
JPST
JPMorgan Ultra-Short Income ETF
$1,022,991$961,211 -48.4%20,1850.4%ETF
Ecolab Inc. stock logo
ECL
Ecolab
$1,017,136$122,595 -10.8%3,7750.4%Basic Materials
Technology Select Sector SPDR Fund stock logo
XLK
Technology Select Sector SPDR Fund
$1,005,576$39,757 4.1%3,9710.4%ETF
iShares Russell 2000 ETF stock logo
IWM
iShares Russell 2000 ETF
$953,084$38,192 -3.9%4,4170.4%Finance
iShares MSCI EAFE ETF stock logo
EFA
iShares MSCI EAFE ETF
$913,208$103,603 12.8%10,2160.3%Finance
MongoDB, Inc. stock logo
MDB
MongoDB
$902,327$902,327 New Holding4,2970.3%Computer and Technology
Johnson & Johnson stock logo
JNJ
Johnson & Johnson
$883,353$477,955 117.9%5,7830.3%Medical
SABA CAPITAL INCOME OPPO
$803,784$803,784 New Holding99,7250.3%CEM
CBIZ, Inc. stock logo
CBZ
CBIZ
$788,8100.0%11,0000.3%Business Services
Schwab US Broad Market ETF stock logo
SCHB
Schwab US Broad Market ETF
$784,625$2,312 0.3%32,9260.3%ETF
Vanguard FTSE Developed Markets ETF stock logo
VEA
Vanguard FTSE Developed Markets ETF
$771,459$50,682 7.0%13,5320.3%ETF
The Home Depot, Inc. stock logo
HD
Home Depot
$730,714$50,963 7.5%1,9930.3%Retail/Wholesale
First Trust North American Energy Infrastructure Fund stock logo
EMLP
First Trust North American Energy Infrastructure Fund
$725,6310.0%19,3450.3%ETF
Parker-Hannifin Corporation stock logo
PH
Parker-Hannifin
$722,9160.0%1,0350.3%Industrials
Exxon Mobil Corporation stock logo
XOM
Exxon Mobil
$703,072$79,664 12.8%6,5220.3%Energy
Blackstone Inc. stock logo
BX
Blackstone
$676,945$107,091 18.8%4,5260.3%Finance
Spotify Technology stock logo
SPOT
Spotify Technology
$659,9120.0%8600.2%Computer and Technology
Brookfield Corporation stock logo
BN
Brookfield
$649,4250.0%10,5000.2%Finance
ONEOK, Inc. stock logo
OKE
ONEOK
$643,2440.0%7,8800.2%Energy
VanEck Gold Miners ETF stock logo
GDX
VanEck Gold Miners ETF
$611,8090.0%11,7520.2%ETF
iShares MSCI ACWI ex U.S. ETF stock logo
ACWX
iShares MSCI ACWI ex U.S. ETF
$606,9010.0%9,9590.2%Manufacturing
PPG Industries, Inc. stock logo
PPG
PPG Industries
$591,9550.0%5,2040.2%Basic Materials
CSG Systems International, Inc. stock logo
CSGS
CSG Systems International
$587,7900.0%9,0000.2%Computer and Technology
Blue Owl Capital Corporation stock logo
OBDC
Blue Owl Capital
$564,4650.0%39,3630.2%Finance
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. stock logo
OPP
RiverNorth/DoubleLine Strategic Opportunity Fund
$545,994$545,994 New Holding63,8590.2%Financial Services
American Electric Power Company, Inc. stock logo
AEP
American Electric Power
$526,582$306,403 -36.8%5,0750.2%Utilities
QUALCOMM Incorporated stock logo
QCOM
QUALCOMM
$512,180$15,926 3.2%3,2160.2%Computer and Technology
Vanguard FTSE Emerging Markets ETF stock logo
VWO
Vanguard FTSE Emerging Markets ETF
$492,804$139,770 -22.1%9,9640.2%ETF
Vanguard Value ETF stock logo
VTV
Vanguard Value ETF
$488,921$44,914 10.1%2,7650.2%ETF
iShares MSCI Germany ETF stock logo
EWG
iShares MSCI Germany ETF
$485,507$181,933 59.9%11,4750.2%ETF
ASTERA LABS INC
$468,556$468,556 New Holding5,1820.2%COM
Merck & Co., Inc. stock logo
MRK
Merck & Co., Inc.
$460,988$114,732 33.1%5,8140.2%Medical
Enterprise Products Partners L.P. stock logo
EPD
Enterprise Products Partners
$453,521$10,295 2.3%14,6250.2%Energy
SLR Investment Corp. stock logo
SLRC
SLR Investment
$444,1730.0%27,5200.2%Finance
Pfizer Inc. stock logo
PFE
Pfizer
$433,965$108,546 33.4%17,9030.2%Medical
Tortoise Energy Infrastructure Corporation stock logo
TYG
Tortoise Energy Infrastructure
$428,805$428,805 New Holding9,7700.2%Finance
Northrop Grumman Corporation stock logo
NOC
Northrop Grumman
$405,484$5,000 -1.2%8110.1%Aerospace
Comcast Corporation stock logo
CMCSA
Comcast
$398,943$55,248 -12.2%11,1780.1%Consumer Discretionary
iShares Micro-Cap ETF stock logo
IWC
iShares Micro-Cap ETF
$398,6820.0%3,1230.1%ETF
UnitedHealth Group Incorporated stock logo
UNH
UnitedHealth Group
$388,715$228,362 142.4%1,2460.1%Medical
Procter & Gamble Company (The) stock logo
PG
Procter & Gamble
$384,917$87,148 29.3%2,4160.1%Consumer Staples
AbbVie Inc. stock logo
ABBV
AbbVie
$348,333$56,973 19.6%1,8770.1%Medical
Illumina, Inc. stock logo
ILMN
Illumina
$341,377$341,377 New Holding3,5780.1%Medical
TriMas Corporation stock logo
TRS
TriMas
$329,0150.0%11,5000.1%Industrials
Lennox International, Inc. stock logo
LII
Lennox International
$322,734$13,758 -4.1%5630.1%Construction
iShares S&P Small-Cap 600 Value ETF stock logo
IJS
iShares S&P Small-Cap 600 Value ETF
$321,353$112,623 54.0%3,2300.1%ETF

Showing largest 100 holdings. View all holdings.
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