Next Capital Management LLC
Annual return '25
+20.9%
SPY '25
+17.7%
Alpha
+3.2ptsvs SPY
Invested
$330.2M
Holdings
134
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 89%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$IVV
ISHARES CORE S&P 500 ETF
Q1 2026: Exited (was 69.8k shares)
14.0%
02
$MFIC
MIDCAP FINL INVESTME
Q1 2026: Exited (was 1.48M shares)
6.4%
03
$OBDC
BLUE OWL CAP CORP
Q1 2026: Exited (was 199.6k shares)
4.8%
04
$IEFA
ISHARES CORE MSCI EAFE ETF
Q1 2026: Exited (was 146.1k shares)
4.4%
05
$NDQ
INVESCO QQQ TR
Q1 2026: Exited (was 21.4k shares)
3.5%
06
$TCPC
BLACKROCK TCP CAP CORP
Q1 2026: Exited (was 2.68M shares)
3.3%
07
$IEMG
ISHARES CORE MSCI EMERGING MARKETS ETF
Q1 2026: Exited (was 142.4k shares)
3.2%
08
$VTI
VANGUARD TOTAL STOCK MARKET INDEX FUND ETF SHARES
Q1 2026: Exited (was 30.2k shares)
3.0%
09
$META
META PLATFORMS INC CLASS CLASS A
Q1 2026: Increased +336.8% (16.6k → 72.5k shares)
2.8%
10
$IWF
ISHARES RUSSELL 1000 GROWTH ETF
Q1 2026: Exited (was 21.5k shares)
2.8%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 16:26 UTC.