Next Capital Management LLC Q4 2025 Filing
Filed February 11, 2026
Portfolio Value
$312.3M
Holdings
136
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (136 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | IVVISHARES CORE S&P 500 ETF | 69,834 | $47.8M | 15.31% | |
| 2 | MFICMIDCAP FINL INVESTME | 1,484,349 | $17.0M | 5.44% | |
| 3 | TCPCBLACKROCK TCP CAP CORP | 2,683,539 | $14.7M | 4.70% | |
| 4 | NDQINVSC QQQ TRUST SRS 1 ETF | 21,424 | $13.2M | 4.21% | |
| 5 | AQLTISHARES CORE MSCI EAFE ETF | 146,055 | $13.1M | 4.18% | |
| 6 | METAMETA PLATFORMS INC CLASS A | 16,611 | $11.0M | 3.51% | |
| 7 | AMZNAMAZON.COM INC | 45,188 | $10.4M | 3.34% | |
| 8 | IWFISHARES RUSSELL 1000 GROWTH ETF | 21,471 | $10.2M | 3.25% | |
| 9 | VTIVANGUARD TOTAL STOCK MARKET ETF | 30,174 | $10.1M | 3.24% | |
| 10 | IEMGiShares Core MSCI Emerging ETF | 142,425 | $9.6M | 3.06% | |
| 11 | IVWISHARES S&P 500 GROWTH ETF | 65,367 | $8.1M | 2.58% | |
| 12 | AAPLAPPLE INC | 28,346 | $7.7M | 2.47% | |
| 13 | IJRISHARES CORE S&P SMALL CAP ETF | 46,975 | $5.6M | 1.81% | |
| 14 | IWDISHARES RUSSELL 1000 VALUE ETF | 25,679 | $5.4M | 1.73% | |
| 15 | IJHISHARES CORE S&P MID CAPETF | 80,757 | $5.3M | 1.71% | |
| 16 | VOOVANGUARD S&P 500 ETF | 8,438 | $5.3M | 1.69% | |
| 17 | NVDANVIDIA CORP | 24,922 | $4.6M | 1.49% | |
| 18 | IWBISHARES RUSSELL 1000 ETF | 11,948 | $4.5M | 1.43% | |
| 19 | SPYSPDR S&P 500 ETF | 6,195 | $4.2M | 1.35% | |
| 20 | BRK/BBERKSHIRE HATHAWAY CLASS CLASS B | 8,289 | $4.2M | 1.33% | |
| 21 | SCHASCHWAB US SMALL CAP ETF | 119,142 | $3.4M | 1.09% | |
| 22 | GBDCGOLUB CAP BDC INC | 244,213 | $3.3M | 1.06% | |
| 23 | FNDXSCHWAB FUNDMNTL US LARGECOM ETF | 120,237 | $3.3M | 1.05% | |
| 24 | SCHXSCHWAB US LARGE CAP ETF | 113,652 | $3.1M | 0.98% | |
| 25 | VIGVANGUARD DIVIDEND APPRECIATION ETF | 13,360 | $2.9M | 0.94% | |
| 26 | QQQMINVESCO NASDAQ 100 ETF | 11,175 | $2.8M | 0.90% | |
| 27 | XLVSTATE STRT HLTH CRE SLT SEC SPDR ETF | 17,965 | $2.8M | 0.89% | |
| 28 | KKRKKR & CO INC | 20,273 | $2.6M | 0.83% | |
| 29 | OBDCBLUE OWL CAP CORP | 199,584 | $2.5M | 0.80% | |
| 30 | VUGVANGUARD GROWTH ETF | 4,942 | $2.4M | 0.77% | |
| 31 | VGTVANGUARD INFORMATION TECHNOLOGY ETF | 2,773 | $2.1M | 0.67% | |
| 32 | IUSVISHARES CORE S&P US VALUE ETF | 20,381 | $2.1M | 0.67% | |
| 33 | GOOGLALPHABET INC CLASS CLASS A | 6,515 | $2.0M | 0.65% | |
| 34 | MSFTMICROSOFT CORP | 4,212 | $2.0M | 0.65% | |
| 35 | GOOGALPHABET INC CLASS CLASS C | 6,387 | $2.0M | 0.64% | |
| 36 | EEMISHARES MSCI EMERGING MARKETS ETF | 34,874 | $1.9M | 0.61% | |
| 37 | LLYELI LILLY AND CO | 1,768 | $1.9M | 0.61% | |
| 38 | XLFSTE STRT FINCL SLCT SECTOR SPDR ETF | 32,904 | $1.8M | 0.58% | |
| 39 | MDBMONGODB INC CLASS CLASS A | 4,212 | $1.8M | 0.57% | |
| 40 | KWEBKRANESHARES CSI CHINA INTERNET ETF | 49,020 | $1.7M | 0.53% | |
| 41 | JPSTJPMORGAN ULTRA SHORT INCOME ETF | 32,562 | $1.6M | 0.53% | |
| 42 | SCHWCHARLES SCHWAB CORP | 16,323 | $1.6M | 0.52% | |
| 43 | BRK-BBERKSHIRE HATHAWAY INC DCLASS A | 2 | $1.5M | 0.48% | |
| 44 | VVVANGUARD LARGE CAP ETF | 4,509 | $1.4M | 0.45% | |
| 45 | VOTVANGUARD MID CAP GROWTH ETF | 5,020 | $1.4M | 0.45% | |
| 46 | TFXTELEFLEX INC | 10,423 | $1.3M | 0.41% | |
| 47 | IWPISHARES RUSSELL MID CAP GROWTH ETF | 9,242 | $1.3M | 0.41% | |
| 48 | GSGOLDMAN SACHS GROUP INC | 1,415 | $1.2M | 0.40% | |
| 49 | XLKSTATE STRET TEC SELECT SEC SPDR ETF | 8,348 | $1.2M | 0.38% | |
| 50 | JNJJOHNSON & JOHNSON | 5,592 | $1.2M | 0.37% | |
| 51 | KOTHE COCA-COLA CO | 16,386 | $1.1M | 0.37% | |
| 52 | VYMVANGUARD HIGH DIVIDEND YIELD ETF | 7,778 | $1.1M | 0.36% | |
| 53 | SCHDSCHWAB US DIVIDEND EQUITY ETF | 40,381 | $1.1M | 0.35% | |
| 54 | IWMISHARES RUSSELL 2000 ETF | 4,441 | $1.1M | 0.35% | |
| 55 | GDXVANECK GOLD MINERS ETF | 11,752 | $1.0M | 0.32% | |
| 56 | VEAVANGUARD FTSE DEVELOPED MARKETS ETF | 16,023 | $1.0M | 0.32% | |
| 57 | JPMJPMORGAN CHASE & CO | 3,071 | $989K | 0.32% | |
| 58 | EFAISHARES MSCI EAFE ETF | 10,216 | $981K | 0.31% | |
| 59 | ECLECOLAB INC | 3,655 | $959K | 0.31% | |
| 60 | PHPARKER-HANNIFIN CORP | 1,035 | $909K | 0.29% | |
| 61 | SPHQINVESCO S&P 500 QUALITY ETF | 11,608 | $871K | 0.28% | |
| 62 | SCHBSCHWAB US BROAD MARKET ETF | 33,125 | $868K | 0.28% | |
| 63 | ALABASTERA LABS INC | 5,182 | $862K | 0.28% | |
| 64 | EMLPFIRST TRUST NORTH AMERICAN ENERG ETF | 19,345 | $732K | 0.23% | |
| 65 | BNBROOKFIELD CORP FCLASS A | 15,750 | $722K | 0.23% | |
| 66 | BXBLACKSTONE INC | 4,560 | $702K | 0.22% | |
| 67 | CSGSCSG SYS INTL INC | 9,000 | $690K | 0.22% | |
| 68 | ACWXISHARES MSCI ACWI EX US ETF | 9,959 | $668K | 0.21% | |
| 69 | XOMEXXON MOBIL CORP | 5,545 | $667K | 0.21% | |
| 70 | BIZDVANECK BDC INCOME ETF | 46,000 | $652K | 0.21% | |
| 71 | BRWSABA CAPITAL INCOME OPPO | 88,927 | $623K | 0.20% | |
| 72 | NFLXNETFLIX INC | 6,525 | $611K | 0.20% | |
| 73 | AEPAMERICAN ELEC PWR CO INC | 5,075 | $585K | 0.19% | |
| 74 | OKEONEOK INC NEW | 7,880 | $579K | 0.19% | |
| 75 | VTVVANGUARD VALUE ETF | 3,031 | $578K | 0.19% | |
| 76 | QCOMQUALCOMM INC | 3,245 | $555K | 0.18% | |
| 77 | COFCAPITAL ONE FINL CORP | 2,256 | $540K | 0.17% | |
| 78 | VWOVANGUARD FTSE EMERGING MARKETS ETF | 9,948 | $534K | 0.17% | |
| 79 | PPGPPG INDS INC | 5,129 | $525K | 0.17% | |
| 80 | SPOTSPOTIFY TECHNOLOGY S A F | 860 | $499K | 0.16% | |
| 81 | IWCISHARES MICRO CAP ETF | 3,123 | $492K | 0.16% | |
| 82 | RYAMRayonier Advanced Ma | 82,245 | $484K | 0.15% | |
| 83 | ILMNILLUMINA INC | 3,578 | $469K | 0.15% | |
| 84 | EPDENTERPRISE PRODS PART LP | 13,993 | $448K | 0.14% | |
| 85 | OPPRIVERNORTH DOUBLLINE STR | 55,109 | $438K | 0.14% | |
| 86 | SLRCSLR INVESTMENT CORP | 27,520 | $425K | 0.14% | |
| 87 | IXUSiShares Core MSCI Totl Intl STCK ETF | 4,962 | $419K | 0.13% | |
| 88 | TRSTRIMAS CORP | 11,500 | $407K | 0.13% | |
| 89 | TYGTORTOISE ENERGY INFRASTR | 9,770 | $399K | 0.13% | |
| 90 | HONHONEYWELL INTL INC | 1,992 | $388K | 0.12% | |
| 91 | ARKGARK GENOMIC REVOLUTION ETF | 13,046 | $377K | 0.12% | |
| 92 | IJSISHARES S&P SMALL CAP 600 ETF | 3,230 | $367K | 0.12% | |
| 93 | VTVANGUARD TOTAL WORLD STOCK ETF | 2,364 | $333K | 0.11% | |
| 94 | GEVGE VERNOVA INC | 511 | $333K | 0.11% | |
| 95 | CMCSACOMCAST CORP NEW TRADES WITH DUE BILLS | 10,928 | $326K | 0.10% | |
| 96 | RSPINVSC S P 500 EQUAL WEIGHT ETF | 1,705 | $326K | 0.10% | |
| 97 | IWSISHARES RUSSELL MID CAP VALUE ETF | 2,246 | $316K | 0.10% | |
| 98 | CATCATERPILLAR INC | 535 | $306K | 0.10% | |
| 99 | SCHMCHARLES SCHWAB US MC ETF | 10,169 | $305K | 0.10% | |
| 100 | DBEFXTRACKERS MSCI EAFE HDGDEQY ETF | 6,331 | $304K | 0.10% |
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