Next Capital Management LLC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Next Capital Management LLC maintained a portfolio of 148 distinct positions. They heavily accumulated shares in ISHARES CORE S&P 500, increasing their position by 1.7%. Conversely, Next Capital Management LLC completely exited their position in WALMART INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
148
Quarter
2025 Q4
Top Holding
IVV (15.3%)
Top 10 Concentration
50.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 148
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
IVV
ISHARES CORE S&...
ETF 15.31% 15.35% #1
Prev: #1
8.1 1,135 1.7%
P
S
69,834 $47,832,403 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MFIC
MIDCAP FINL INV...
Financial Services 5.44% 5.37% #2
Prev: #2
4.2 142,764 10.6%
P
S
1,484,349 $16,980,950 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TCPC
BLACKROCK TCP C...
Financial Services 4.70% 4.97% #3
Prev: #3
3.9 282,123 11.7%
P
S
2,683,539 $14,678,958 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
QQQ
INVSC QQQ TRUST...
ETF 4.21% 4.22% #4
Prev: #4
3.7 340 1.6%
P
S
21,424 $13,160,705 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IEFA
ISHARES CORE MS...
ETF 4.18% 3.92% #5 1
Prev: #6
3.7 11,598 8.6%
P
S
146,055 $13,066,124 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 3.51% 4.10% #6 1
Prev: #5
1.4 -102 -0.6%
P
S
16,611 $10,964,703 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON.COM INC
Consumer Cyclical 3.34% 3.41% #7
Prev: #7
1.3 -1,406 -3.0%
P
S
45,188 $10,430,294 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IWF
ISHARES RUSSELL...
ETF 3.25% 3.01% #8
Prev: #8
3.3 2,246 11.7%
P
S
21,471 $10,162,042 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VTI
VANGUARD TOTAL ...
ETF 3.24% 2.99% #9
Prev: #9
3.3 2,918 10.7%
P
S
30,174 $10,116,529 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IEMG
iShares Core MS...
ETF 3.07% 2.35% #10 1
Prev: #11
3.3 35,650 33.4%
P
S
142,425 $9,573,792 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IVW
ISHARES S&P 500...
ETF 2.58% 2.04% #11 2
Prev: #13
3.1 14,819 29.3%
P
S
65,367 $8,057,157 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
Technology 2.47% 2.35% #12 2
Prev: #10
3.0 643 2.3%
P
S
28,346 $7,706,239 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IJR
ISHARES CORE S&...
ETF 1.81% 1.75% #13 1
Prev: #14
2.7 2,837 6.4%
P
S
46,975 $5,645,477 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IWD
ISHARES RUSSELL...
ETF 1.73% 1.62% #14 2
Prev: #16
2.7 1,785 7.5%
P
S
25,679 $5,401,312 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IJH
ISHARES CORE S&...
ETF 1.71% 1.53% #15 2
Prev: #17
2.7 10,566 15.1%
P
S
80,757 $5,329,944 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VOO
VANGUARD S&P 50...
ETF 1.69% 2.05% #16 4
Prev: #12
0.7 -1,599 -15.9%
P
S
8,438 $5,291,591 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORP
Technology 1.49% 1.65% #17 2
Prev: #15
0.6 -1,521 -5.8%
P
S
24,922 $4,647,991 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IWB
ISHARES RUSSELL...
ETF 1.43% 1.45% #18
Prev: #18
2.6 31 0.3%
P
S
11,948 $4,461,987 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
ETF 1.35% 1.30% #19 1
Prev: #20
2.6 347 5.9%
P
S
6,195 $4,226,664 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BRK/B
BERKSHIRE HATHA...
Financial Services 1.33% 1.42% #20 1
Prev: #19
0.5 -160 -1.9%
P
S
8,289 $4,166,466 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SCHA
SCHWAB US SMALL...
ETF 1.09% 1.09% #21 1
Prev: #22
2.4 1,759 1.5%
P
S
119,142 $3,393,156 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GBDC
GOLUB CAP BDC I...
Financial Services 1.06% 1.12% #22 1
Prev: #21
0.4 no change no change
P
S
244,213 $3,313,970 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FNDX
SCHWAB FUNDMNTL...
ETF 1.05% 0.92% #23 2
Prev: #25
2.5 15,069 14.3%
P
S
120,237 $3,271,648 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SCHX
SCHWAB US LARGE...
ETF 0.98% 1.01% #24 1
Prev: #23
0.4 -1,759 -1.5%
P
S
113,652 $3,058,380 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VIG
VANGUARD DIVIDE...
ETF 0.94% 0.96% #25 1
Prev: #24
2.4 11 0.1%
P
S
13,360 $2,936,287 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WMT
WALMART INC
Consumer Defensive 0.00% 0.71%
Sold All 😨
(Was: #30)
0.3 -20,600 -100.0%
CLOSED
$— 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PM
PHILIP MORRIS I...
Consumer Defensive 0.00% 0.41%
Sold All 😨
(Was: #48)
0.3 -7,588 -100.0%
CLOSED
$— 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MCD
MCDONALDS CORP
Consumer Cyclical 0.00% 0.41%
Sold All 😨
(Was: #49)
0.3 -4,007 -100.0%
CLOSED
$— 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HD
HOME DEPOT INC
Consumer Cyclical 0.00% 0.27%
Sold All 😨
(Was: #66)
0.3 -1,993 -100.0%
CLOSED
$— 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DFEN
DIREXN DLY ARSP...
ETF 0.00% 0.11%
Sold All 😨
(Was: #96)
0.3 -5,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MO
ALTRIA GROUP IN...
Consumer Defensive 0.00% 0.11%
Sold All 😨
(Was: #98)
0.3 -5,076 -100.0%
CLOSED
$— 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PG
PROCTER & GAMBL...
Consumer Defensive 0.00% 0.09%
Sold All 😨
(Was: #107)
0.3 -1,852 -100.0%
CLOSED
$— 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MDLZ
MONDELEZ INTL I...
Consumer Defensive 0.00% 0.08%
Sold All 😨
(Was: #120)
0.3 -3,656 -100.0%
CLOSED
$— 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WEC
WEC ENERGY GROU...
Utilities 0.00% 0.07%
Sold All 😨
(Was: #124)
0.3 -1,806 -100.0%
CLOSED
$— 2019 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CRML
CRITICAL METALS...
Basic Materials 0.00% 0.04%
Sold All 😨
(Was: #131)
0.3 -19,982 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BYND
BEYOND MEAT INC
Consumer Defensive 0.00% 0.01%
Sold All 😨
(Was: #137)
0.3 -10,043 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TLGRF
TALGA GROUP LTD...
Basic Materials 0.00% 0.00%
Sold All 😨
(Was: #138)
0.3 -50,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 148 holdings

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