Next Capital Management LLC 13F holdings
Next Capital Management LLC reported 135 positions with a total reported value of $370.5M as of 2026-06-30, in its 13F for Q2 2026, filed 2026-08-03. Top holdings by reported value: ISHARES CORE S&P 500 ETF (14.6%), MFIC MIDCAP FINL INVESTME (5.2%), OBDC BLUE OWL CAP CORP (5.0%), ISHARES CORE MSCI EAFE ETF (4.6%), QQQ INVESCO QQQ TR (4.0%). Against 2026-03-31 it opened 14 new positions and exited 9. Next 13F due by 2026-11-14, the legal deadline 45 days after the quarter ending 2026-09-30.
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Top holdings
25 largest of 135 positions · reported value as of 2026-06-30
| Holding | Shares | Reported value | % of portfolio |
|---|---|---|---|
| ISHARES CORE S&P 500 ETF | 72,466 | $54.3M | 14.6% |
| MFIC MIDCAP FINL INVESTME | 1,899,667 | $19.1M | 5.2% |
| OBDC BLUE OWL CAP CORP | 1,688,690 | $18.5M | 5.0% |
| ISHARES CORE MSCI EAFE ETF | 176,061 | $17.0M | 4.6% |
| QQQ INVESCO QQQ TR | 20,030 | $14.7M | 4.0% |
| ISHARES CORE MSCI EMERGING MARKETS ETF | 163,430 | $13.5M | 3.7% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND ETF SHARES | 30,917 | $11.4M | 3.1% |
| TCPC BLACKROCK TCP CAP CORP | 3,130,285 | $10.5M | 2.8% |
| ISHARES RUSSELL 1000 GROWTH ETF | 84,480 | $10.5M | 2.8% |
| META META PLATFORMS INC CLASS A | 17,281 | $9.7M | 2.6% |
| ISHARES S&P 500 GROWTH ETF | 70,383 | $9.7M | 2.6% |
| ISHARES CORE S&P MID-CAPETF | 101,771 | $7.8M | 2.1% |
| ISHARES CORE S&P SMALL-CAP ETF | 52,491 | $7.8M | 2.1% |
| AAPL APPLE INC | 26,355 | $7.6M | 2.1% |
| AMZN AMAZON.COM INC | 30,407 | $7.2M | 2.0% |
| ISHARES RUSSELL 1000 VALUE ETF | 27,975 | $6.8M | 1.8% |
| GBDC GOLUB CAP BDC INC | 505,442 | $6.5M | 1.8% |
| VANGUARD S&P 500 ETF | 8,537 | $5.9M | 1.6% |
| SPY STATE STREET SPDR S&P 500 ETF TRUST | 6,632 | $5.0M | 1.3% |
| IVZ INVESCO NASDAQ 100 ETF | 22,609 | $4.9M | 1.3% |
| ISHARES RUSSELL 1000 ETF | 11,954 | $4.9M | 1.3% |
| KKR KKR & CO INC | 51,339 | $4.7M | 1.3% |
| NVDA NVIDIA CORP | 22,614 | $4.5M | 1.2% |
| SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF | 144,153 | $4.5M | 1.2% |
| BRK-B BERKSHIRE HATHAWAY CLASS B | 8,342 | $4.2M | 1.1% |
SEC FORM 13F · Q2 2026 · VALUES AS REPORTED, NOT PRICES
New positions this quarter
Held at 2026-06-30, not at 2026-03-31 · 14 in all · reported value as of 2026-06-30
| Holding | Shares | Reported value | % of portfolio |
|---|---|---|---|
| AVGO BROADCOM INC | 1,142 | $431.4K | 0.1% |
| FDX FEDEX CORP | 1,040 | $325.7K | <0.1% |
| STATE STREET SPDR S&P METALS & MINING ETF | 2,975 | $318.1K | <0.1% |
| Blackstone Private | 12,596 | $301.5K | <0.1% |
| ERAS Erasca Inc Com | 15,300 | $280.3K | <0.1% |
| HONA HONEYWELL AEROSPACE INC | 1,220 | $269.7K | <0.1% |
| ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF | 1,637 | $268.9K | <0.1% |
| VANECK SEMICONDUCTOR ETF | 403 | $264.3K | <0.1% |
| WY WEYERHAEUSER CO REIT | 10,000 | $239.4K | <0.1% |
| DAL DELTA AIR LINES INC DEL | 2,500 | $234.2K | <0.1% |
| PANW PALO ALTO NETWORKS INC | 660 | $225.1K | <0.1% |
| VANGUARD SMALL-CAP INDEXFUND ETF SHARES | 738 | $223.6K | <0.1% |
| UNH UNITEDHEALTH GROUP INC | 519 | $215.7K | <0.1% |
| AEVA Aeva Technologies | 7,355 | $211.2K | <0.1% |
Sold out
Held at 2026-03-31, gone by 2026-06-30 · 9 in all · reported value as of 2026-03-31
| Holding | Shares 2026-03-31 | Reported value | % of portfolio then |
|---|---|---|---|
| JPMORGAN ULTRA-SHORT INCOME ETF | 21,598 | $1.1M | 0.3% |
| RYAM Rayonier Advanced Ma | 51,422 | $569.2K | 0.2% |
| ALAB ASTERA LABS INC | 5,182 | $567.9K | 0.2% |
| GLW CORNING INC | 2,000 | $271.9K | <0.1% |
| HD HOME DEPOT INC | 675 | $222.0K | <0.1% |
| MGM MGM RESORTS INTL | 5,780 | $213.9K | <0.1% |
| AMRZ AMRIZE LTD F | 3,750 | $210.1K | <0.1% |
| MA MASTERCARD INC CLASS CLASS A | 411 | $205.5K | <0.1% |
| VIRTUS STONE HARBOR EMER | 10,000 | $47.8K | <0.1% |
Biggest increases and decreases
Positions held at both quarter ends, by change in shares · reported value as of 2026-06-30
Increases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| ISHARES RUSSELL 1000 GROWTH ETF | 21,386 | 84,480 | +295.0% | $10.5M |
| OBDC BLUE OWL CAP CORP | 1,447,825 | 1,688,690 | +16.6% | $18.5M |
| VANGUARD INFORMATION TECHNOLOGY INDEX FUND ETF SHARES | 2,773 | 22,184 | +700.0% | $2.7M |
| VANGUARD GROWTH INDEX FUND ETF SHARES | 5,067 | 30,404 | +500.0% | $2.6M |
| ISHARES CORE MSCI EAFE ETF | 159,750 | 176,061 | +10.2% | $17.0M |
| ISHARES CORE S&P 500 ETF | 70,599 | 72,466 | +2.6% | $54.3M |
| ISHARES CORE MSCI EMERGING MARKETS ETF | 151,521 | 163,430 | +7.9% | $13.5M |
| ISHARES CORE S&P MID-CAPETF | 92,174 | 101,771 | +10.4% | $7.8M |
| META META PLATFORMS INC CLASS A | 16,296 | 17,281 | +6.0% | $9.7M |
| SCHWAB U.S. DIVIDEND EQUITY ETF | 40,920 | 56,932 | +39.1% | $1.8M |
| SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF | 128,008 | 144,153 | +12.6% | $4.5M |
| STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF | 8,377 | 10,700 | +27.7% | $2.0M |
Decreases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| AMZN AMAZON.COM INC | 42,650 | 30,407 | -28.7% | $7.2M |
| GBDC GOLUB CAP BDC INC | 567,205 | 505,442 | -10.9% | $6.5M |
| GOOGL ALPHABET INC CLASS A | 13,040 | 11,651 | -10.7% | $4.1M |
| PM PHILIP MORRIS INTL INC | 3,380 | 1,191 | -64.8% | $215.5K |
| HONEYWELL INTL INC | 2,602 | 1,220 | -53.1% | $273.2K |
| CAT CATERPILLAR INC | 535 | 435 | -18.7% | $463.2K |
| MDB MONGODB INC CLASS A | 4,385 | 4,068 | -7.2% | $1.4M |
| SPY STATE STREET SPDR S&P 500 ETF TRUST | 6,759 | 6,632 | -1.9% | $5.0M |
| VANGUARD TOTAL STOCK MARKET INDEX FUND ETF SHARES | 31,160 | 30,917 | -0.8% | $11.4M |
| AAPL APPLE INC | 26,623 | 26,355 | -1.0% | $7.6M |
| SCHWAB U.S. LARGE-CAP ETF | 114,110 | 112,073 | -1.8% | $3.3M |
| ILMN ILLUMINA INC | 3,578 | 3,256 | -9.0% | $572.5K |
CIK 1752762 · 13F FILINGS ON EDGAR · INFORMATIONAL ONLY
