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CIK: 0001752762
Total reported value
$370.5M
$370.5M
139 檔
27.5%
At the close of Q3 2025, Next Capital Management LLC disclosed equity holdings valued at approximately $370.5M, spread across 139 reported holdings.
In Q3 2025, Next Capital Management LLC displayed an active expansion posture, initiating 7 new positions and adding to 30 existing holdings, outstripping position reductions.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 15.35% | +0.68% | +7.09% | |
| 2 | MFIC | Midcap Financial Investment | Stock-Other | 5.37% | -1.20% | +84.94% | |
| 3 | TCPC | Blackrock Tcp Capital CORP | Stock-Other | 4.97% | -0.49% | +111.61% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 4.22% | +0.47% | -3.28% | |
| 5 | META | Meta Platforms Inc-class A | Stock-Comm Services | 4.10% | -0.19% | +0.34% | |
| 6 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 3.92% | +0.21% | +15.58% | |
| 7 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.41% | -0.73% | +5.97% | |
| 8 | IWF | Ishares Russell 1000 Growth | ETF-Other | 3.01% | +0.07% | +5.82% | |
| 9 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 2.99% | +0.06% | +2.61% | |
| 10 | AAPL | Apple Inc | Stock-Tech | 2.35% | +0.01% | -37.06% | |
| 11 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 2.35% | +0.45% | +29.98% | |
| 12 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 2.05% | +0.04% | -36.26% | |
| 13 | IVW | Ishares S&p 500 Growth ETF | ETF-Large Cap & Growth | 2.04% | +0.28% | +5.81% | |
| 14 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 1.75% | +0.23% | +16.31% | |
| 15 | NVDA | Nvidia CORP | Stock-Tech | 1.65% | +0.03% | -2.18% | |
| 16 | IWD | Ishares Russell 1000 Value E | ETF-Other | 1.62% | +0.01% | +12.20% | |
| 17 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 1.53% | +0.23% | +6.86% | |
| 18 | IWB | Ishares Russell 1000 ETF | ETF-Other | 1.45% | +0.03% | -6.42% | |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.42% | -0.08% | — | |
| 20 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.30% | +0.01% | +1.25% | |
| 21 | GBDC | Golub Capital Bdc Inc | Stock-Financials | 1.12% | -0.41% | -12.61% | |
| 22 | SCHA | Schwab US Small-cap ETF | ETF-Other | 1.09% | +0.10% | -0.01% | |
| 23 | SCHX | Schwab US Large-cap ETF | ETF-Other | 1.01% | — | -3.43% | |
| 24 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.96% | -0.02% | +0.05% | |
| 25 | FNDX | Schwab Fndmntl US Lrg Co ETF | ETF-Other | 0.92% | +0.13% | +23.50% | |
| 26 | KKR | Kkr & Co Inc | Stock-Financials | 0.88% | -0.07% | — | |
| 27 | XLV | Ss Health Care Select Sector | ETF-Other | 0.86% | -0.03% | -15.45% | |
| 28 | VUG | Vanguard Growth ETF | ETF-Other | 0.82% | +0.04% | +4.25% | |
| 29 | MSFT | Microsoft CORP | Stock-Tech | 0.76% | -0.01% | -13.41% | |
| 30 | WMT | Walmart Inc | Stock-Consumer Staples | 0.71% | — | — | |
| 31 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 0.69% | +0.22% | +2.33% | |
| 32 | KWEB | Kranesh Csi China Internet | ETF-Emerging Markets | 0.69% | -0.10% | — | |
| 33 | VGT | Vanguard Info Tech ETF | ETF-Tech | 0.69% | +0.13% | — | |
| 34 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.63% | -0.07% | +60.87% | |
| 35 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.62% | +0.04% | +0.02% | |
| 36 | XLF | Ss Financial Select Sector | ETF-Other | 0.58% | +0.02% | +0.30% | |
| 37 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.53% | +0.02% | -3.17% | |
| 38 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.50% | — | — | |
| 39 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.50% | -0.03% | -11.27% | |
| 40 | IUSV | Ishares Core S&p U.s. Value | ETF-Other | 0.50% | -0.04% | +10.74% | |
| 41 | VOT | Vanguard Mid-cap Growth ETF | ETF-Other | 0.49% | +0.03% | -21.93% | |
| 42 | VV | Vanguard Large-cap ETF | ETF-Other | 0.46% | +0.01% | — | |
| 43 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.45% | +0.08% | +3.76% | |
| 44 | MDB | Mongodb Inc | Stock-Tech | 0.45% | +0.04% | — | |
| 45 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.44% | +0.01% | -56.40% | |
| 46 | IWP | Ishares Russell Mid-cap Grow | ETF-Other | 0.44% | +0.01% | +0.05% | |
| 47 | TFX | Teleflex Inc | Stock-Healthcare | 0.43% | — | — | |
| 48 | PM | Philip Morris International | Stock-Consumer Staples | 0.41% | -0.11% | — | |
| 49 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.41% | — | -14.45% | |
| 50 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 0.40% | -0.33% | EXIT |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TCPC | Blackrock Tcp Capital CORP | +4.8% | +111.61% | Add |
| 2 | MFIC | Midcap Financial Investment | +4.3% | +84.94% | Add |
| 3 | NVDA | Nvidia CORP | +1% | -2.18% | Add |
| 4 | IWB | Ishares Russell 1000 ETF | +0.6% | -6.42% | Add |
| 5 | IEMG | Ishares Core Msci Emerging | +0.4% | +29.98% | Add |
| 6 | GOOGL | Alphabet Inc-cl A | +0.3% | -11.27% | Add |
| 7 | GOOG | Alphabet Inc-cl C | +0.3% | -3.17% | Add |
| 8 | FNDX | Schwab Fndmntl US Lrg Co ETF | +0.2% | +23.50% | Add |
| 9 | JNJ | Johnson & Johnson | +0.1% | -3.53% | Add |
| 10 | IEFA | Ishares Core Msci Eafe ETF | +0.1% | +15.58% | Add |
| 11 | SPHQ | Invesco S&p 500 Quality ETF | +0.1% | -20.61% | Add |
| 12 | LLY | Eli Lilly & Co | +0.1% | +3.76% | Add |
| 13 | JPM | Jpmorgan Chase & Co | +0.1% | -56.40% | Add |
| 14 | GS | Goldman Sachs Group Inc | +0.1% | -6.85% | Add |
| 15 | VOO | Vanguard S&p 500 ETF | +0.1% | -36.26% | Add |
| 16 | MSFT | Microsoft CORP | +0.1% | -13.41% | Add |
| 17 | SCHW | Schwab (charles) CORP | 0% | +60.87% | Add |
| 18 | IJR | Ishares Core S&p Small-cap E | — | +16.31% | Add |
| 19 | VGT | Vanguard Info Tech ETF | 0% | — | Unchanged |
| 20 | QQQM | Invesco Nasdaq 100 ETF | 0% | +2.33% | Add |
| 21 | IVW | Ishares S&p 500 Growth ETF | 0% | +5.81% | Add |
| 22 | VUG | Vanguard Growth ETF | -0.1% | +4.25% | Add |
| 23 | EEM | Ishares Msci Emerging Market | -0.1% | +0.02% | Add |
| 24 | KKR | Kkr & Co Inc | -0.1% | — | Add |
| 25 | AMZN | Amazon.com Inc | -0.2% | +5.97% | Add |
| 26 | IWF | Ishares Russell 1000 Growth | -0.2% | +5.82% | Add |
| 27 | IWD | Ishares Russell 1000 Value E | -0.2% | +12.20% | Add |
| 28 | SCHA | Schwab US Small-cap ETF | -0.2% | -0.01% | Trim |
| 29 | SCHX | Schwab US Large-cap ETF | -0.3% | -3.43% | Trim |
| 30 | IJH | Ishares Core S&p Midcap ETF | -0.3% | +6.86% | Add |
| 31 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.3% | +1.25% | Trim |
| 32 | CBZ | Cbiz Inc | -0.3% | -59.09% | Trim |
| 33 | IVV | Ishares Core S&p 500 ETF | -0.4% | +7.09% | Add |
| 34 | VTI | Vanguard Total Stock Mkt ETF | -0.5% | +2.61% | Add |
| 35 | META | Meta Platforms Inc-class A | -0.5% | +0.34% | Add |
| 36 | JPST | Jpmorgan Ultra-short Income | -0.6% | +17.32% | Trim |
| 37 | QQQ | Invesco Qqq Trust Series 1 | -0.7% | -3.28% | Trim |
| 38 | XLV | Ss Health Care Select Sector | -0.7% | -15.45% | Trim |
| 39 | GBDC | Golub Capital Bdc Inc | -1.4% | -12.61% | Trim |
| 40 | AAPL | Apple Inc | -2.1% | -37.06% | Trim |
| 41 | MDB | Mongodb Inc | — | NEW | New buy |
| 42 | SHYG | Ishares 0-5 Yr Hy CORP Bond | — | EXIT | Sold out |
| 43 | ALAB | Astera Labs Inc | — | NEW | New buy |
| 44 | BRW | Saba Capital Income & Opport | — | NEW | New buy |
| 45 | RYAM | Rayonier Advanced Materials | — | NEW | New buy |
| 46 | OPP | Rivernrth/doublelne Str Opp | — | NEW | New buy |
| 47 | TYG | Tortoise Energy Infrastruct | — | NEW | New buy |
| 48 | NOC | Northrop Grumman CORP | — | EXIT | Sold out |
| 49 | IXUS | Ishares Core Intl Stock ETF | — | NEW | New buy |
| 50 | MRK | Merck & Co. Inc. | — | EXIT | Sold out |
According to official SEC Form 13F filings, Next Capital Management LLC reported a total U.S. public equity portfolio value of $370.5M across 139 disclosed positions in Q3 2025.
Expert Analysis & Guides for Tracking Wall Street Smart Money Movements
Learn how SEC Form 13F filings work, the $100M threshold, 45-day reporting lag, and how to track top hedge fund holdings.
In terms of portfolio concentration, the top 5 core holdings (including IVV, MFIC, TCPC) accounted for 27.5% of total reported equity market value during Q3 2025.
Top New Position Initiated
MDB
市值: $1.3M
Top Position Liquidated / Trimmed
SHYG
前期市值: $1.0M
During Q3 2025, Next Capital Management LLC's top holdings by market value included IVV (15.3%)、MFIC (5.4%)、TCPC (5.0%). The largest single position, IVV, represented 15.3% of total portfolio value.
In Q3 2025, Next Capital Management LLC made 49 total portfolio adjustments, initiating 7 new buys, adding to 30 positions, trimming 9 holdings, and fully liquidating 3 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
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