Next Capital Management LLC Q2 2025 Filing
Filed August 5, 2025
Portfolio Value
$270.6B
Holdings
137
Report Date
Q2 2025
Filing Type
13F-HR
All Holdings (137 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | IVVISHARES CORE S&P 500 ETF | 64,149 | $39.8B | 14.72% | |
| 2 | METAMETA PLATFORMS INC CLASS A | 16,657 | $12.3B | 4.54% | |
| 3 | NDQINVESCO QQQ TRUST | 21,800 | $12.0B | 4.44% | |
| 4 | AQLTISHARES CORE MSCI EAFE ETF | 116,335 | $9.7B | 3.59% | |
| 5 | AMZNAMAZON.COM INC | 43,967 | $9.6B | 3.56% | |
| 6 | MFICMIDCAP FINL INVESTME | 725,401 | $9.2B | 3.38% | |
| 7 | AAPLAPPLE INC | 44,014 | $9.0B | 3.34% | |
| 8 | VOOVANGUARD S&P 500 ETF | 15,748 | $9.0B | 3.31% | |
| 9 | TCPCBLACKROCK TCP CAP CORP | 1,134,826 | $8.7B | 3.23% | |
| 10 | VTIVANGUARD TOTAL STOCK MARKET ETF | 26,563 | $8.1B | 2.98% | |
| 11 | IWFISHARES RUSSELL 1000 GROWTH ETF | 18,167 | $7.7B | 2.85% | |
| 12 | IVWISHARES S&P 500 GROWTH ETF | 47,773 | $5.3B | 1.94% | |
| 13 | IEMGISHARES CORE MSCI EMERGING ETF | 82,147 | $4.9B | 1.82% | |
| 14 | IWBISHARES RUSSELL 1000 ETF | 12,734 | $4.3B | 1.60% | |
| 15 | NVDANVIDIA CORP | 27,033 | $4.3B | 1.58% | |
| 16 | IJRISHARES CORE S&P SMALL CAP ETF | 37,949 | $4.1B | 1.53% | |
| 17 | IWDISHARES RUSSELL 1000 VALUE ETF | 21,295 | $4.1B | 1.53% | |
| 18 | BRK/BBERKSHIRE HATHAWAY CLASS B | 8,449 | $4.1B | 1.52% | |
| 19 | GBDCGOLUB CAP BDC INC | 279,444 | $4.1B | 1.51% | |
| 20 | IJHISHARES CORE S&P MID CAPETF | 65,682 | $4.1B | 1.51% | |
| 21 | SPYSPDR S&P 500 ETF | 5,776 | $3.6B | 1.32% | |
| 22 | SCHASCHWAB US SMALL CAP ETF | 117,399 | $3.0B | 1.10% | |
| 23 | XLVSELECT SECTOR HEALTH CARE SPDR ETF | 21,977 | $3.0B | 1.09% | |
| 24 | SCHXSCHWAB US LARGE CAP ETF | 119,505 | $2.9B | 1.08% | |
| 25 | VIGVANGUARD DIVIDEND APPRECIATION ETF | 13,342 | $2.7B | 1.01% | |
| 26 | KKRKKR & CO INC | 20,273 | $2.7B | 1.00% | |
| 27 | MSFTMICROSOFT CORP | 5,048 | $2.5B | 0.93% | |
| 28 | VUGVANGUARD GROWTH ETF | 4,942 | $2.2B | 0.80% | |
| 29 | FNDXSCHWAB FUNDMNTL US LARGECOM ETF | 85,158 | $2.1B | 0.77% | |
| 30 | WMTWALMART INC | 20,600 | $2.0B | 0.74% | |
| 31 | QQQMINVESCO NASDAQ 100 ETF | 8,148 | $1.9B | 0.68% | |
| 32 | VOTVANGUARD MID CAP GROWTH ETF | 6,430 | $1.8B | 0.68% | |
| 33 | VGTVANGUARD INFORMATION TECHNOLOGY ETF | 2,755 | $1.8B | 0.68% | |
| 34 | XLFSELECT STR FINANCIAL SELECT SPDR ETF | 32,434 | $1.7B | 0.63% | |
| 35 | KWEBKRANESHARES CSI CHINA INTERNET ETF | 49,020 | $1.7B | 0.62% | |
| 36 | EEMISHARES MSCI EMERGING MARKETS ETF | 34,500 | $1.7B | 0.61% | |
| 37 | KOTHE COCA-COLA CO | 21,715 | $1.5B | 0.57% | |
| 38 | SCHWCHARLES SCHWAB CORP | 16,684 | $1.5B | 0.56% | |
| 39 | JPMJPMORGAN CHASE & CO | 9,644 | $1.5B | 0.55% | |
| 40 | BRK-BBERKSHIRE HATHAWAY INC DCLASS A | 2 | $1.5B | 0.54% | |
| 41 | 4I1PHILIP MORRIS INTL INC | 7,588 | $1.4B | 0.51% | |
| 42 | MCDMCDONALDS CORP | 4,684 | $1.4B | 0.51% | |
| 43 | NFLXNETFLIX INC | 1,002 | $1.3B | 0.50% | |
| 44 | LLYELI LILLY AND CO | 1,704 | $1.3B | 0.49% | |
| 45 | VVVANGUARD LARGE CAP ETF | 4,509 | $1.3B | 0.48% | |
| 46 | IUSVISHARES CORE S&P US VALUE ETF | 13,547 | $1.3B | 0.47% | |
| 47 | IWPISHARES RUSSELL MID CAP GROWTH ETF | 9,230 | $1.3B | 0.47% | |
| 48 | TFXTELEFLEX INC | 10,423 | $1.2B | 0.46% | |
| 49 | GOOGLALPHABET INC CLASS A | 6,972 | $1.2B | 0.45% | |
| 50 | GOOGALPHABET INC CLASS C | 6,784 | $1.2B | 0.44% | |
| 51 | GSGOLDMAN SACHS GROUP INC | 1,519 | $1.1B | 0.40% | |
| 52 | SPHQINVESCO S&P 500 QUALITY ETF | 14,621 | $1.0B | 0.39% | |
| 53 | VYMVANGUARD HIGH DIVIDEND YIELD ETF | 7,778 | $1.0B | 0.38% | |
| 54 | SCHDSCHWAB US DIVIDEND EQUITY ETF | 39,007 | $1.0B | 0.38% | |
| 55 | JPSTJPMORGAN ULTRA SHORT INCOME ETF | 20,185 | $1.0B | 0.38% | |
| 56 | ECLECOLAB INC | 3,775 | $1.0B | 0.38% | |
| 57 | XLKTECHNOLOGY SELECT SECTORSPDR ETF | 3,971 | $1.0B | 0.37% | |
| 58 | IWMISHARES RUSSELL 2000 ETF | 4,417 | $953.1M | 0.35% | |
| 59 | EFAISHARES MSCI EAFE ETF | 10,216 | $913.2M | 0.34% | |
| 60 | MDBMONGODB INC CLASS A | 4,297 | $902.3M | 0.33% | |
| 61 | JNJJOHNSON & JOHNSON | 5,783 | $883.4M | 0.33% | |
| 62 | BRWSABA CAPITAL INCOME OPPO | 99,725 | $803.8M | 0.30% | |
| 63 | CBZCBIZ INC | 11,000 | $788.8M | 0.29% | |
| 64 | SCHBSCHWAB US BROAD MARKET ETF | 32,926 | $784.6M | 0.29% | |
| 65 | VEAVANGUARD FTSE DEVELOPED MARKETS ETF | 13,532 | $771.5M | 0.29% | |
| 66 | HDHOME DEPOT INC | 1,993 | $730.7M | 0.27% | |
| 67 | EMLPFIRST TRUST NORTH AMERICAN ENERG ETF | 19,345 | $725.6M | 0.27% | |
| 68 | PHPARKER-HANNIFIN CORP | 1,035 | $722.9M | 0.27% | |
| 69 | XOMEXXON MOBIL CORP | 6,522 | $703.1M | 0.26% | |
| 70 | BXBLACKSTONE INC | 4,526 | $676.9M | 0.25% | |
| 71 | SPOTSPOTIFY TECHNOLOGY S A F | 860 | $659.9M | 0.24% | |
| 72 | BNBROOKFIELD CORP FCLASS A | 10,500 | $649.4M | 0.24% | |
| 73 | OKEONEOK INC NEW | 7,880 | $643.2M | 0.24% | |
| 74 | GDXVANECK GOLD MINERS ETF | 11,752 | $611.8M | 0.23% | |
| 75 | ACWXISHARES MSCI ACWI EX US ETF | 9,959 | $606.9M | 0.22% | |
| 76 | PPGPPG INDS INC | 5,204 | $592.0M | 0.22% | |
| 77 | CSGSCSG SYS INTL INC | 9,000 | $587.8M | 0.22% | |
| 78 | OBDCBLUE OWL CAP CORP | 39,363 | $564.5M | 0.21% | |
| 79 | OPPRIVERNORTH DOUBLLINE STR | 63,859 | $546.0M | 0.20% | |
| 80 | AEPAMERICAN ELEC PWR CO INC | 5,075 | $526.6M | 0.19% | |
| 81 | QCOMQUALCOMM INC | 3,216 | $512.2M | 0.19% | |
| 82 | VWOVANGUARD FTSE EMERGING MARKETS ETF | 9,964 | $492.8M | 0.18% | |
| 83 | VTVVANGUARD VALUE ETF | 2,765 | $488.9M | 0.18% | |
| 84 | EWGISHARES MSCI GERMANY ETF | 11,475 | $485.5M | 0.18% | |
| 85 | ALABASTERA LABS INC | 5,182 | $468.6M | 0.17% | |
| 86 | MRKMERCK & CO. INC. | 5,814 | $461.0M | 0.17% | |
| 87 | EPDENTERPRISE PRODS PART LP | 14,625 | $453.5M | 0.17% | |
| 88 | SLRCSLR INVESTMENT CORP | 27,520 | $444.2M | 0.16% | |
| 89 | PFEPFIZER INC | 17,903 | $434.0M | 0.16% | |
| 90 | TYGTORTOISE ENERGY INFRASTR | 9,770 | $428.8M | 0.16% | |
| 91 | NOCNORTHROP GRUMMAN CORP | 811 | $405.5M | 0.15% | |
| 92 | CMCSACOMCAST CORP NEW CLASS A | 11,178 | $398.9M | 0.15% | |
| 93 | IWCISHARES MICRO CAP ETF | 3,123 | $398.7M | 0.15% | |
| 94 | UNHUNITEDHEALTH GROUP INC | 1,246 | $388.7M | 0.14% | |
| 95 | PGPROCTER & GAMBLE CO | 2,416 | $384.9M | 0.14% | |
| 96 | ABBVABBVIE INC | 1,877 | $348.3M | 0.13% | |
| 97 | ILMNILLUMINA INC | 3,578 | $341.4M | 0.13% | |
| 98 | TRSTRIMAS CORP | 11,500 | $329.0M | 0.12% | |
| 99 | LIILENNOX INTL INC | 563 | $322.7M | 0.12% | |
| 100 | IJSISHARES S&P SMALL CAP 600 ETF | 3,230 | $321.4M | 0.12% |
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