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Next Capital Management LLC
hedge fundUpdated 41 days agoManaged by Next Capital Management Llc • Latest filing Q2 2026
Portfolio value
$370.5M
Q2 2026
Filings
14
Quarterly 13F history
Top-10 concentration
100.0%
Weight of largest holdings
Annualized return
19.6%
Implied from 13F holdings
Portfolio value history
13F-disclosed portfolio value over 14 quarters
Show data table
| Period | Portfolio value |
|---|---|
| Q1 2023 | $207.2M |
| Q2 2023 | $216M |
| Q3 2023 | $223.2M |
| Q4 2023 | $234.9M |
| Q1 2024 | $247.7M |
| Q2 2024 | $239M |
| Q3 2024 | $245.1M |
| Q4 2024 | $247.1M |
| Q1 2025 | $208.5M |
| Q2 2025 | $270.6M |
| Q3 2025 | $299.6M |
| Q4 2025 | $312.3M |
| Q1 2026 | $330.2M |
| Q2 2026 | $370.5M |
Top holdings
138 positions as of Q2 2026
| # | Stock | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | E ETHA ISHARES CORE S&P 500 ETF | $54.3M | 72.5K | 14.65% | Added(+2.6%) |
| 2 | M MFICL MIDCAP FINL INVESTME | $19.1M | 1.90M | 5.17% | Added(+1.5%) |
| 3 | O OBDC BLUE OWL CAP CORP | $18.5M | 1.69M | 4.99% | Added(+19.0%) |
| 4 | E ETHA ISHARES CORE MSCI EAFE ETF | $17M | 176.1K | 4.59% | Added(+10.2%) |
| 5 | Q QQQ INVESCO QQQ TR | $14.7M | 20.0K | 3.98% | Trimmed(-0.3%) |
| 6 | E ETHA ISHARES CORE MSCI EMERGING MARKETS ETF | $13.5M | 163.4K | 3.65% | Added(+7.9%) |
| 7 | V VGES VANGUARD TOTAL STOCK MARKET INDEX FUND ETF SHARES | $11.4M | 30.9K | 3.09% | Trimmed(-0.8%) |
| 8 | T TCPC BLACKROCK TCP CAP CORP | $10.5M | 3.13M | 2.84% | Added(+2.6%) |
| 9 | E ETHA ISHARES RUSSELL 1000 GROWTH ETF | $10.5M | 84.5K | 2.83% | Added(+295.0%) |
| 10 | M META META PLATFORMS INC CLASS A | $9.7M | 17.3K | 2.63% | Added(+6.0%) |
| 11 | E ETHA ISHARES S&P 500 GROWTH ETF | $9.7M | 70.4K | 2.61% | Added(+3.7%) |
| 12 | E ETHA ISHARES CORE S&P MID-CAPETF | $7.8M | 101.8K | 2.12% | Added(+10.4%) |
| 13 | E ETHA ISHARES CORE S&P SMALL-CAP ETF | $7.8M | 52.5K | 2.10% | Added(+5.5%) |
| 14 | A AAPL APPLE INC | $7.6M | 26.4K | 2.06% | Trimmed(-1.0%) |
| 15 | A AMZN AMAZON.COM INC | $7.2M | 30.4K | 1.96% | Trimmed(-28.7%) |
| 16 | E ETHA ISHARES RUSSELL 1000 VALUE ETF | $6.8M | 28.0K | 1.83% | Trimmed(-0.3%) |
| 17 | G GBDC GOLUB CAP BDC INC | $6.5M | 505.4K | 1.76% | Trimmed(-10.9%) |
| 18 | V VGES VANGUARD S&P 500 ETF | $5.9M | 8.5K | 1.58% | Added(+0.1%) |
| 19 | S SPY STATE STREET SPDR S&P 500 ETF TRUST | $5M | 6.6K | 1.34% | Trimmed(-1.9%) |
| 20 | E ETHA ISHARES RUSSELL 1000 ETF | $4.9M | 12.0K | 1.32% | Added(+0.0%) |