Next Capital Management LLC

CIK: 0001752762SEC EDGAR →

Portfolio Value

$312.3M

Holdings

136

As of

Q4 2025

New Positions

135

Closed Positions

0

Portfolio Value History

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

ISHARES CORE S&P 500 ETF

69,834$47.8M
15.31%
2

MIDCAP FINL INVESTME

1,484,349$17.0M
5.44%
3

BLACKROCK TCP CAP CORP

2,683,539$14.7M
4.70%
4

INVSC QQQ TRUST SRS 1 ETF

21,424$13.2M
4.21%
5

ISHARES CORE MSCI EAFE ETF

146,055$13.1M
4.18%
6

META PLATFORMS INC CLASS A

16,611$11.0M
3.51%
7

AMAZON.COM INC

45,188$10.4M
3.34%
8

ISHARES RUSSELL 1000 GROWTH ETF

21,471$10.2M
3.25%
9

VANGUARD TOTAL STOCK MARKET ETF

30,174$10.1M
3.24%
10

iShares Core MSCI Emerging ETF

142,425$9.6M
3.06%

Quarterly Changes

Top Buys

IVVNEW
$47.8M
MFICNEW
$17.0M
TCPCNEW
$14.7M
NDQNEW
$13.2M
AQLTNEW
$13.1M

Top Sells

No sells this quarter

New Positions (136)

$47.8M · 70K shares
$17.0M · 1.5M shares
$14.7M · 2.7M shares
$13.2M · 21K shares
$13.1M · 146K shares
$11.0M · 17K shares
$10.4M · 45K shares
$10.2M · 21K shares
$10.1M · 30K shares
$9.6M · 142K shares
$8.1M · 65K shares
$7.7M · 28K shares
$5.6M · 47K shares
$5.4M · 26K shares
$5.3M · 81K shares
$5.3M · 8K shares
$4.6M · 25K shares
$4.5M · 12K shares
$4.2M · 6K shares
$4.2M · 8K shares
$3.4M · 119K shares
$3.3M · 244K shares
$3.3M · 120K shares
$3.1M · 114K shares
$2.9M · 13K shares
$2.8M · 11K shares
$2.8M · 18K shares
$2.6M · 20K shares
$2.5M · 200K shares
$2.4M · 5K shares
$2.1M · 3K shares
$2.1M · 20K shares
$2.0M · 7K shares
$2.0M · 4K shares
$2.0M · 6K shares
$1.9M · 35K shares
$1.9M · 2K shares
$1.8M · 33K shares
$1.8M · 4K shares
$1.7M · 49K shares
$1.6M · 33K shares
$1.6M · 16K shares
$1.5M · 2 shares
$1.4M · 5K shares
$1.4M · 5K shares
$1.3M · 10K shares
$1.3M · 9K shares
$1.2M · 1K shares
$1.2M · 8K shares
$1.2M · 6K shares
$1.1M · 16K shares
$1.1M · 8K shares
$1.1M · 40K shares
$1.1M · 4K shares
$1.0M · 12K shares
$1.0M · 16K shares
$989K · 3K shares
$981K · 10K shares
$959K · 4K shares
$909K · 1K shares
$871K · 12K shares
$868K · 33K shares
$862K · 5K shares
$732K · 19K shares
$722K · 16K shares
$702K · 5K shares
$690K · 9K shares
$668K · 10K shares
$667K · 6K shares
$652K · 46K shares
$623K · 89K shares
$611K · 7K shares
$585K · 5K shares
$579K · 8K shares
$578K · 3K shares
$555K · 3K shares
$540K · 2K shares
$534K · 10K shares
$525K · 5K shares
$499K · 860 shares
$492K · 3K shares
$484K · 82K shares
$469K · 4K shares
$448K · 14K shares
$438K · 55K shares
$425K · 28K shares
$419K · 5K shares
$407K · 12K shares
$399K · 10K shares
$388K · 2K shares
$377K · 13K shares
$367K · 3K shares
$333K · 2K shares
$333K · 511 shares
$326K · 11K shares
$326K · 2K shares
$316K · 2K shares
$306K · 535 shares
$305K · 10K shares
$304K · 6K shares
$295K · 5K shares
$292K · 7K shares
$291K · 1K shares
$280K · 2K shares
$279K · 5K shares
$273K · 30K shares
$273K · 563 shares
$266K · 6K shares
$261K · 6K shares
$257K · 48 shares
$256K · 6K shares
$254K · 2K shares
$246K · 5K shares
$243K · 2K shares
$234K · 808 shares
$233K · 30K shares
$227K · 5K shares
$225K · 1K shares
$224K · 2K shares
$216K · 4K shares
$211K · 603 shares
$209K · 6K shares
$204K · 4K shares
$203K · 889 shares
$202K · 4K shares
$187K · 18K shares
$170K · 16K shares
$167K · 55K shares
$133K · 17K shares
WISE PLC ORDF
$133K · 11K shares
$120K · 11K shares
$80K · 16K shares
$49K · 10K shares
$31K · 20K shares
$13K · 15K shares
$9K · 33K shares

Sector Breakdown

Sector# HoldingsValue%
Financial Services77$217.7M69.7%
Unknown6$32.1M10.3%
Technology13$19.9M6.4%
Communication Services6$16.4M5.3%
Consumer Cyclical6$11.6M3.7%
Healthcare8$5.3M1.7%
Industrials6$2.3M0.7%
Energy5$2.2M0.7%
Basic Materials4$2.2M0.7%
Consumer Defensive2$1.3M0.4%
Utilities2$918K0.3%
Real Estate1$292K0.1%