Next Capital Management LLC
13F Reported Value
ⓘ$370.5M
Holdings
138
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
Next Capital Management LLC disclosed 138 positions worth $370.5M in its Form 13F-HR for Q2 2026, followed by $MFIC and $OBDC. During the quarter the fund opened 14 new positions and exited 10 — including a new stake in $AVGO. The portfolio is most concentrated in Other (76.7% of disclosed assets). All figures are sourced directly from Next Capital Management LLC’s Form 13F-HR filing with the SEC under CIK 1752762.
AI Fund Analysis
Stable
$MFIC
$OBDC
$QQQSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
ISHARES CORE S&P 500 ETF - ETF
—Quality
$54.3M72,466 sh- $19.1M1,899,667 sh
- —
Quality
$18.5M1,688,690 sh ISHARES CORE MSCI EAFE ETF - ETF
—Quality
$17.0M176,061 sh- —
Quality
$14.7M20,030 sh ISHARES CORE MSCI EMERGING MARKETS ETF - ETF
—Quality
$13.5M163,430 shVANGUARD TOTAL STOCK MARKET INDEX FUND ETF SHARES - ETF
—Quality
$11.4M30,917 sh- —
Quality
$10.5M3,130,285 sh ISHARES RUSSELL 1000 GROWTH ETF - ETF
—Quality
$10.5M84,480 sh- 79.6
Quality
$9.7M17,281 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| ISHARES CORE S&P 500 ETF - ETF | — | $54.3M | 72,466 |
| MidCap Financial Investment Corp$MFIC | — | $19.1M | 1,899,667 |
| Blue Owl Capital Corp$OBDC | — | $18.5M | 1,688,690 |
| ISHARES CORE MSCI EAFE ETF - ETF | — | $17.0M | 176,061 |
| INVESCO QQQ TRUST, SERIES 1$QQQ | — | $14.7M | 20,030 |
| ISHARES CORE MSCI EMERGING MARKETS ETF - ETF | — | $13.5M | 163,430 |
| VANGUARD TOTAL STOCK MARKET INDEX FUND ETF SHARES - ETF | — | $11.4M | 30,917 |
 BlackRock TCP Capital Corp.$TCPC | — | $10.5M | 3,130,285 |
| ISHARES RUSSELL 1000 GROWTH ETF - ETF | — | $10.5M | 84,480 |
 Meta Platforms, Inc.$META | 79.6 | $9.7M | 17,281 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Next Capital Management LLC's 138 positions.
Showing top 10 of 138 holdings.
Sector Allocation
Other
$284.2M
Technology
$33.9M
Financials
$27.3M
Consumer Discretionary
$7.7M
Healthcare
$4.5M
Industrials
$4.0M
Energy
$2.6M
Consumer Staples
$1.9M
Full Holdings — Next Capital Management LLC (Q2 2026)
All 138 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | — | ISHARES CORE S&P 500 ETF - ETF | $54.3M | 14.7% | +3% | — |
| 2 | $MFIC | MidCap Financial Investment Corp | $19.1M | 5.2% | +1% | — |
| 3 | $OBDC | Blue Owl Capital Corp | $18.5M | 5.0% | +19% | — |
| 4 | — | ISHARES CORE MSCI EAFE ETF - ETF | $17.0M | 4.6% | +10% | — |
| 5 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | $14.7M | 4.0% | -0% | — |
| 6 | — | ISHARES CORE MSCI EMERGING MARKETS ETF - ETF | $13.5M | 3.6% | +8% | — |
| 7 | — | VANGUARD TOTAL STOCK MARKET INDEX FUND ETF SHARES - ETF | $11.4M | 3.1% | -1% | — |
| 8 | $TCPC | BlackRock TCP Capital Corp. | $10.5M | 2.8% | +3% | — |
| 9 | — | ISHARES RUSSELL 1000 GROWTH ETF - ETF | $10.5M | 2.8% | +295% | — |
| 10 | $META | Meta Platforms, Inc. | $9.7M | 2.6% | +6% | 79.6 |
| 11 | — | ISHARES S&P 500 GROWTH ETF - ETF | $9.7M | 2.6% | +4% | — |
| 12 | — | ISHARES CORE S&P MID-CAPETF - ETF | $7.8M | 2.1% | +10% | — |
| 13 | — | ISHARES CORE S&P SMALL-CAP ETF - ETF | $7.8M | 2.1% | +6% | — |
| 14 |  $AAPL | Apple Inc. | $7.6M | 2.1% | -1% | 76.4 |
| 15 |  $AMZN | AMAZON COM INC | $7.2M | 2.0% | -29% | 68.7 |
| 16 | — | ISHARES RUSSELL 1000 VALUE ETF - ETF | $6.8M | 1.8% | -0% | — |
| 17 |  $GBDC | GOLUB CAPITAL BDC, Inc. | $6.5M | 1.8% | -11% | — |
| 18 | — | VANGUARD S&P 500 ETF - ETF | $5.9M | 1.6% | +0% | — |
| 19 |  $SPY | SPDR S&P 500 ETF TRUST | $5.0M | 1.3% | -2% | — |
| 20 | — | ISHARES RUSSELL 1000 ETF - ETF | $4.9M | 1.3% | +0% | — |
| 21 |  $KKR | KKR & Co. Inc. | $4.7M | 1.3% | +7% | 54.3 |
| 22 |  $NVDA | NVIDIA CORP | $4.5M | 1.2% | +0% | 85.9 |
| 23 | — | SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF - ETF | $4.5M | 1.2% | +13% | — |
| 24 |  $BRK.B | BERKSHIRE HATHAWAY INC | $4.2M | 1.1% | -0% | 73.8 |
| 25 | — | SCHWAB U.S. SMALL-CAP ETF - ETF | $3.9M | 1.1% | -0% | — |
| 26 |  $IVZ | Invesco Ltd. | $3.8M | 1.0% | +12% | — |
| 27 | — | VANGUARD DIVIDEND APPRECIATION INDEX FUND ETF SHARES - ETF | $3.5M | 0.9% | +0% | — |
| 28 | — | SCHWAB U.S. LARGE-CAP ETF - ETF | $3.3M | 0.9% | -2% | — |
| 29 |  $BX | Blackstone Inc. | $3.0M | 0.8% | +13% | 74.4 |
| 30 |  $APO | Apollo Global Management, Inc. | $2.9M | 0.8% | +12% | 52.1 |
| 31 | — | STATE STREET HEALTH CARESELECT SECTOR SPDR ETF - ETF | $2.9M | 0.8% | -0% | — |
| 32 | — | VANGUARD INFORMATION TECHNOLOGY INDEX FUND ETF SHARES - ETF | $2.7M | 0.7% | +700% | — |
| 33 | — | VANGUARD GROWTH INDEX FUND ETF SHARES - ETF | $2.6M | 0.7% | +500% | — |
| 34 | — | ISHARES MSCI EMERGING MARKETS ETF - ETF | $2.5M | 0.7% | -0% | — |
| 35 |  $MSFT | MICROSOFT CORP | $2.3M | 0.6% | +9% | 79.8 |
| 36 |  $LLY | ELI LILLY & Co | $2.1M | 0.6% | +0% | 87.5 |
| 37 |  $GOOGL | Alphabet Inc. | $2.1M | 0.6% | -6% | 78.2 |
| 38 | — | ISHARES CORE S&P U.S. VALUE ETF - ETF | $2.1M | 0.6% | -2% | — |
| 39 | — | STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF - ETF | $2.0M | 0.6% | +28% | — |
| 40 |  $GOOG | Alphabet Inc. | $2.0M | 0.6% | -15% | 78.2 |
| 41 | — | STATE STREET FINANCIAL SELECT SECTOR SPDR ETF - ETF | $2.0M | 0.5% | +9% | — |
| 42 | — | VANGUARD LARGE-CAP INDEXFUND ETF SHARES - ETF | $1.8M | 0.5% | +0% | — |
| 43 | — | SCHWAB U.S. DIVIDEND EQUITY ETF - ETF | $1.8M | 0.5% | +39% | — |
| 44 |  $CRM | Salesforce, Inc. | $1.8M | 0.5% | +0% | 77 |
| 45 | — | ISHARES RUSSELL MID-CAP GROWTH ETF - ETF | $1.7M | 0.5% | +0% | — |
| 46 | — | VANGUARD MID-CAP GROWTH INDEX FUND ETF SHARES - ETF | $1.5M | 0.4% | +0% | — |
| 47 |  $GS | GOLDMAN SACHS GROUP INC | $1.5M | 0.4% | -1% | 73.5 |
| 48 |  $SCHW | SCHWAB CHARLES CORP | $1.5M | 0.4% | -4% | 79.4 |
| 49 |  $JNJ | JOHNSON & JOHNSON | $1.4M | 0.4% | +0% | 69 |
| 50 |  $MDB | MongoDB, Inc. | $1.4M | 0.4% | -7% | 68.8 |
| 51 |  $KO | COCA COLA CO | $1.3M | 0.4% | +0% | 69.5 |
| 52 | — | VANGUARD HIGH DIVIDEND YIELD INDEX FUND ETF SHARES - ETF | $1.3M | 0.4% | +4% | — |
| 53 | — | ISHARES RUSSELL 2000 ETF - ETF | $1.3M | 0.4% | -2% | — |
| 54 |  $TPG | TPG Inc. | $1.3M | 0.3% | +23% | 71.9 |
| 55 | — | ISHARES MSCI EAFE ETF - ETF | $1.2M | 0.3% | +0% | — |
| 56 | — | VANGUARD FTSE DEVELOPED MARKETS INDEX FUND ETF SHARES - ETF | $1.2M | 0.3% | +4% | — |
| 57 | — | KRANESHARES CSI CHINA INTERNET ETF - ETF | $1.2M | 0.3% | +0% | — |
| 58 |  $JPM | JPMORGAN CHASE & CO | $1.1M | 0.3% | +3% | 70.7 |
| 59 |  $PH | Parker-Hannifin Corp | $1.0M | 0.3% | +0% | 65.8 |
| 60 | — | SCHWAB U.S. BROAD MARKETETF - ETF | $1.0M | 0.3% | +4% | — |
| 61 | — | ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF - ETF | $936,963 | 0.3% | +8% | — |
| 62 | — | FIRST TRUST NORTH AMERICAN ENERGY INFRASTRUCTURE FUND - ETF | $898,841 | 0.2% | +5% | — |
| 63 |  $ECL | ECOLAB INC. | $814,934 | 0.2% | +0% | 63.3 |
| 64 | — | VANGUARD VALUE INDEX FUND ETF SHARES - ETF | $792,599 | 0.2% | +5% | — |
| 65 |  $XOM.R34088 | EXXON MOBIL CORP | $784,089 | 0.2% | +0% | 57.9 |
| 66 | — | ISHARES MSCI ACWI EX U.S. ETF - ETF | $757,979 | 0.2% | +0% | — |
| 67 | $IVZ | Invesco Ltd. | $755,939 | 0.2% | -12% | — |
| 68 |  $AEP | AMERICAN ELECTRIC POWER CO INC | $752,045 | 0.2% | -3% | 66.8 |
| 69 | — | ISHARES S&P SMALL-CAP 600 VALUE ETF - ETF | $751,193 | 0.2% | +0% | — |
| 70 |  $GLD | SPDR GOLD TRUST | $729,024 | 0.2% | +0% | — |
| 71 |  $OKE | ONEOK INC /NEW/ | $685,087 | 0.2% | +0% | 71.7 |
| 72 |  $BN | BROOKFIELD Corp /ON/ | $670,793 | 0.2% | +0% | — |
| 73 | — | VANGUARD FTSE EMERGING MARKETS INDEX FUND ETF SHARES - ETF | $651,754 | 0.2% | +2% | — |
| 74 | — | VANECK GOLD MINERS ETF - ETF | $642,985 | 0.2% | +0% | — |
| 75 | — | ISHARES MICRO-CAP ETF - ETF | $624,725 | 0.2% | +0% | — |
| 76 |  $PPG | PPG INDUSTRIES INC | $605,237 | 0.2% | -1% | 59.1 |
| 77 |  $GEV | GE Vernova Inc. | $594,479 | 0.2% | +0% | 81.1 |
| 78 |  $QCOM | QUALCOMM INC/DE | $594,285 | 0.2% | -2% | 70.5 |
| 79 |  $BRW | Saba Capital Income & Opportunities Fund | $584,250 | 0.2% | +0% | — |
| 80 |  $ILMN | ILLUMINA, INC. | $572,502 | 0.1% | -9% | 60.4 |
| 81 | — | ISHARES RUSSELL MID-CAP VALUE ETF - ETF | $564,084 | 0.1% | -8% | — |
| 82 | — | ARK GENOMIC REVOLUTION ETF - ETF | $548,715 | 0.1% | +0% | — |
| 83 |  $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | $527,432 | 0.1% | +0% | 61.4 |
| 84 |  $TRS | TRIMAS CORP | $517,845 | 0.1% | +0% | 43.2 |
| 85 | — | iShares Core MSCI Totl Intl STCK ETF - ETF | $473,573 | 0.1% | +0% | — |
| 86 |  $CAT | CATERPILLAR INC | $463,232 | 0.1% | -19% | 66.5 |
| 87 |  $AVGO | Broadcom Inc. | $431,391 | 0.1% | NEW | 84.5 |
| 88 |  $OPP | RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. | $425,441 | 0.1% | +0% | — |
| 89 | — | ISHARES RUSSELL 2000 VALUE ETF - ETF | $419,838 | 0.1% | +0% | — |
| 90 |  $TYG | TORTOISE ENERGY INFRASTRUCTURE CORP | $418,840 | 0.1% | +0% | — |
| 91 |  $WT | WisdomTree, Inc. | $407,772 | 0.1% | +0% | 59.9 |
| 92 |  $WULF | TERAWULF INC. | $402,116 | 0.1% | +0% | 33.8 |
| 93 |  $SPOT | Spotify Technology S.A. | $394,852 | 0.1% | -5% | — |
| 94 |  $NFLX | NETFLIX INC | $386,274 | 0.1% | -9% | 78.8 |
| 95 |  $DOV | DOVER Corp | $378,975 | 0.1% | -5% | 58.1 |
| 96 | — | SCHWAB U.S. MID-CAP ETF - ETF | $375,494 | 0.1% | +0% | — |
| 97 | $IVZ | Invesco Ltd. | $358,724 | 0.1% | +0% | — |
| 98 | — | XTRACKERS MSCI EAFE HEDGED EQUITY ETF - ETF | $345,863 | 0.1% | +0% | — |
| 99 |  $WMB | WILLIAMS COMPANIES, INC. | $345,309 | 0.1% | +0% | 64.3 |
| 100 |  $SLRC | SLR Investment Corp. | $340,422 | 0.1% | +0% | — |
| 101 |  $COF | CAPITAL ONE FINANCIAL CORP | $334,634 | 0.1% | +0% | 62.4 |
| 102 |  $FDX | FEDEX CORP | $325,655 | 0.1% | NEW | 60.3 |
| 103 | — | STATE STREET SPDR S&P METALS & MINING ETF - ETF | $318,117 | 0.1% | NEW | — |
| 104 | — | GLOBAL X ARTIFICIAL INTELLIGENCE & TECHNOLOGY ETF - ETF | $318,077 | 0.1% | +0% | — |
| 105 | — | STATE STREET SPDR S&P BIOTECH ETF - ETF | $316,500 | 0.1% | +0% | — |
| 106 | — | ISHARES U.S. ENERGY ETF - ETF | $311,245 | 0.1% | +0% | — |
| 107 | — | Blackstone Private - COM | $301,543 | 0.1% | NEW | — |
| 108 |  $PSX | Phillips 66 | $293,809 | 0.1% | +0% | 57.8 |
| 109 |  $MAYS | MAYS J W INC | $285,714 | 0.1% | +0% | — |
| 110 |  $TRV | TRAVELERS COMPANIES, INC. | $283,903 | 0.1% | +0% | 75.9 |
| 111 |  $ERAS | Erasca, Inc. | $280,296 | 0.1% | NEW | — |
| 112 | — | Ab Active Etfs Inc (international Low Volatility Equity Etf) - ETF | $273,351 | 0.1% | +0% | — |
| 113 |  $HON | HONEYWELL INTERNATIONAL INC | $273,158 | 0.1% | -53% | 65 |
| 114 |  $HONA | Honeywell Aerospace Inc. | $269,718 | 0.1% | NEW | — |
| 115 | — | ISHARES CORE S&P TOTAL U.S. STOCK MARKET ETF - ETF | $268,868 | 0.1% | NEW | — |
| 116 |  $NMFC | New Mountain Finance Corp | $267,728 | 0.1% | +26% | — |
| 117 | — | VANECK SEMICONDUCTOR ETF - ETF | $264,324 | 0.1% | NEW | — |
| 118 | — | VANGUARD MID-CAP INDEX FUND ETF SHARES - ETF | $260,913 | 0.1% | +300% | — |
| 119 |  $WY | WEYERHAEUSER CO | $239,400 | 0.1% | NEW | 51.3 |
| 120 |  $ZGN | Ermenegildo Zegna N.V. | $237,941 | 0.1% | +0% | — |
| 121 | — | SCHWAB INTERNATIONAL EQUITY ETF - ETF | $236,411 | 0.1% | +4% | — |
| 122 |  $DAL | DELTA AIR LINES, INC. | $234,150 | 0.1% | NEW | 57.5 |
| 123 |  $ACHV | ACHIEVE LIFE SCIENCES, INC. | $228,517 | 0.1% | +0% | — |
| 124 |  $PANW | Palo Alto Networks Inc | $225,073 | 0.1% | NEW | 65.5 |
| 125 | — | VANGUARD SMALL-CAP INDEXFUND ETF SHARES - ETF | $223,567 | 0.1% | NEW | — |
| 126 |  $MO | ALTRIA GROUP, INC. | $215,850 | 0.1% | -19% | 67.4 |
| 127 |  $UNH | UNITEDHEALTH GROUP INC | $215,712 | 0.1% | NEW | 62.7 |
| 128 |  $PM | Philip Morris International Inc. | $215,464 | 0.1% | -65% | 75.9 |
| 129 |  $BKNG | Booking Holdings Inc. | $213,888 | 0.1% | +2400% | 58.5 |
| 130 |  $AEVA | Aeva Technologies, Inc. | $211,236 | 0.1% | NEW | 28.8 |
| 131 |  $WEC | WEC ENERGY GROUP, INC. | $210,887 | 0.1% | +0% | 60.1 |
| 132 |  $MRK | Merck & Co., Inc. | $204,444 | 0.1% | -9% | 59.9 |
| 133 |  $JFR | NUVEEN FLOATING RATE INCOME FUND | $179,493 | 0.1% | +0% | — |
| 134 |  $SERV | Serve Robotics Inc. /DE/ | $173,877 | 0.1% | +0% | 24.1 |
| 135 |  $WVVI | WILLAMETTE VALLEY VINEYARDS INC | $137,548 | 0.0% | +0% | 24.3 |
| 136 |  $ACVA | ACV Auctions Inc. | $108,188 | 0.0% | -10% | 43.5 |
| 137 |  $CRBU | Caribou Biosciences, Inc. | $35,200 | 0.0% | +0% | 11.7 |
| 138 | — | CYTODYN INC - COM | $5,970 | 0.0% | +0% | — |
New Positions (14)
$AVGO Broadcom Inc.$431,391$FDX FEDEX CORP$325,655$ERAS Erasca, Inc.$280,296$HONA Honeywell Aerospace Inc.$269,718$WY WEYERHAEUSER CO$239,400$DAL DELTA AIR LINES, INC.$234,150$PANW Palo Alto Networks Inc$225,073$UNH UNITEDHEALTH GROUP INC$215,712$AEVA Aeva Technologies, Inc.$211,236
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