Filed: 5/6/2025ACC: 0001437749-25-014677
📋 What this filing means
NEXT CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 118 equity positions with a total reported market value of $208.47M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
118
Positions
$208.47M
Total AUM (reported)
2.45M
Total Shares
Allocation by class
UIE$134.96M64.7%
COM$71.44M34.3%
MLP$649.8K0.3%
FGO$636.0K0.3%
FGC$550.3K0.3%
UFO$135.9K0.1%
ADR$93.6K0.0%
Portfolio Concentration
Top 3$52.70M25.3%
4–10$48.01M23.0%
11–25$45.85M22.0%
Rest$61.91M29.7%
Top 3 weight
25.3%
Top 10 weight
48.3%
Voting Authority Distribution
Total shares with voting rights: 2.45M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
2.45M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole118
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings118
Rows:
ISHARES CORE S&P 500 ETF
SOLEShares58.59K
TypeSH
Market value$32.92M
15.79%
Sole
0.00
Shared
0.00
None
58.59K
INVESCO QQQ TRUST
SOLEShares21.77K
TypeSH
Market value$10.21M
4.90%
Sole
0.00
Shared
0.00
None
21.77K
META PLATFORMS INC CLASS A
SOLEShares16.61K
TypeSH
Market value$9.57M
4.59%
Sole
0.00
Shared
0.00
None
16.61K
APPLE INC
SOLEShares41.99K
TypeSH
Market value$9.33M
4.47%
Sole
0.00
Shared
0.00
None
41.99K
ISHARES CORE MSCI EAFE ETF
SOLEShares104.41K
TypeSH
Market value$7.90M
3.79%
Sole
0.00
Shared
0.00
None
104.41K
AMAZON.COM INC
SOLEShares39.15K
TypeSH
Market value$7.45M
3.57%
Sole
0.00
Shared
0.00
None
39.15K
VANGUARD TOTAL STOCK MARKET ETF
SOLEShares26.14K
TypeSH
Market value$7.18M
3.45%
Sole
0.00
Shared
0.00
None
26.14K
ISHARES RUSSELL 1000 GROWTH ETF
SOLEShares18.35K
TypeSH
Market value$6.63M
3.18%
Sole
0.00
Shared
0.00
None
18.35K
GOLUB CAP BDC INC
SOLEShares342.95K
TypeSH
Market value$5.19M
2.49%
Sole
0.00
Shared
0.00
None
342.95K
ISHARES S&P 500 GROWTH ETF
SOLEShares46.70K
TypeSH
Market value$4.34M
2.08%
Sole
0.00
Shared
0.00
None
46.70K
VANGUARD S&P 500 ETF
SOLEShares8.04K
TypeSH
Market value$4.13M
1.98%
Sole
0.00
Shared
0.00
None
8.04K
ISHARES CORE MSCI EMERGING ETF
SOLEShares74.11K
TypeSH
Market value$4.00M
1.92%
Sole
0.00
Shared
0.00
None
74.11K
BERKSHIRE HATHAWAY CLASS B
SOLEShares7.39K
TypeSH
Market value$3.93M
1.89%
Sole
0.00
Shared
0.00
None
7.39K
ISHARES RUSSELL 1000 VALUE ETF
SOLEShares20.58K
TypeSH
Market value$3.87M
1.86%
Sole
0.00
Shared
0.00
None
20.58K
ISHARES CORE S&P MID CAPETF
SOLEShares64.52K
TypeSH
Market value$3.76M
1.81%
Sole
0.00
Shared
0.00
None
64.52K
ISHARES CORE S&P SMALL CAP ETF
SOLEShares34.87K
TypeSH
Market value$3.65M
1.75%
Sole
0.00
Shared
0.00
None
34.87K
SPDR S&P 500 ETF
SOLEShares5.89K
TypeSH
Market value$3.29M
1.58%
Sole
0.00
Shared
0.00
None
5.89K
SELECT SECTOR HEALTH CARE SPDR ETF
SOLEShares21.95K
TypeSH
Market value$3.21M
1.54%
Sole
0.00
Shared
0.00
None
21.95K
SCHWAB US SMALL CAP ETF
SOLEShares118.71K
TypeSH
Market value$2.78M
1.33%
Sole
0.00
Shared
0.00
None
118.71K
SCHWAB US LARGE CAP ETF
SOLEShares120.08K
TypeSH
Market value$2.65M
1.27%
Sole
0.00
Shared
0.00
None
120.08K
VANGUARD DIVIDEND APPRECIATION ETF
SOLEShares13.34K
TypeSH
Market value$2.59M
1.24%
Sole
0.00
Shared
0.00
None
13.34K
MIDCAP FINL INVESTME
SOLEShares169.09K
TypeSH
Market value$2.17M
1.04%
Sole
0.00
Shared
0.00
None
169.09K
KKR & CO INC
SOLEShares17.39K
TypeSH
Market value$2.01M
0.96%
Sole
0.00
Shared
0.00
None
17.39K
JPMORGAN ULTRA SHORT INCOME ETF
SOLEShares39.15K
TypeSH
Market value$1.98M
0.95%
Sole
0.00
Shared
0.00
None
39.15K
VANGUARD GROWTH ETF
SOLEShares4.89K
TypeSH
Market value$1.81M
0.87%
Sole
0.00
Shared
0.00
None
4.89K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES CORE S&P 500 ETFSOLE | UIE | 58.59K | SH | $32.92M 15.79% | 0.00 | 0.00 | 58.59K |
INVESCO QQQ TRUSTSOLE | UIE | 21.77K | SH | $10.21M 4.90% | 0.00 | 0.00 | 21.77K |
META PLATFORMS INC CLASS ASOLE | COM | 16.61K | SH | $9.57M 4.59% | 0.00 | 0.00 | 16.61K |
APPLE INCSOLE | COM | 41.99K | SH | $9.33M 4.47% | 0.00 | 0.00 | 41.99K |
ISHARES CORE MSCI EAFE ETFSOLE | UIE | 104.41K | SH | $7.90M 3.79% | 0.00 | 0.00 | 104.41K |
AMAZON.COM INCSOLE | COM | 39.15K | SH | $7.45M 3.57% | 0.00 | 0.00 | 39.15K |
VANGUARD TOTAL STOCK MARKET ETFSOLE | UIE | 26.14K | SH | $7.18M 3.45% | 0.00 | 0.00 | 26.14K |
ISHARES RUSSELL 1000 GROWTH ETFSOLE | UIE | 18.35K | SH | $6.63M 3.18% | 0.00 | 0.00 | 18.35K |
GOLUB CAP BDC INCSOLE | COM | 342.95K | SH | $5.19M 2.49% | 0.00 | 0.00 | 342.95K |
ISHARES S&P 500 GROWTH ETFSOLE | UIE | 46.70K | SH | $4.34M 2.08% | 0.00 | 0.00 | 46.70K |
VANGUARD S&P 500 ETFSOLE | UIE | 8.04K | SH | $4.13M 1.98% | 0.00 | 0.00 | 8.04K |
ISHARES CORE MSCI EMERGING ETFSOLE | UIE | 74.11K | SH | $4.00M 1.92% | 0.00 | 0.00 | 74.11K |
BERKSHIRE HATHAWAY CLASS BSOLE | COM | 7.39K | SH | $3.93M 1.89% | 0.00 | 0.00 | 7.39K |
ISHARES RUSSELL 1000 VALUE ETFSOLE | UIE | 20.58K | SH | $3.87M 1.86% | 0.00 | 0.00 | 20.58K |
ISHARES CORE S&P MID CAPETFSOLE | UIE | 64.52K | SH | $3.76M 1.81% | 0.00 | 0.00 | 64.52K |
ISHARES CORE S&P SMALL CAP ETFSOLE | UIE | 34.87K | SH | $3.65M 1.75% | 0.00 | 0.00 | 34.87K |
SPDR S&P 500 ETFSOLE | UIE | 5.89K | SH | $3.29M 1.58% | 0.00 | 0.00 | 5.89K |
SELECT SECTOR HEALTH CARE SPDR ETFSOLE | UIE | 21.95K | SH | $3.21M 1.54% | 0.00 | 0.00 | 21.95K |
SCHWAB US SMALL CAP ETFSOLE | UIE | 118.71K | SH | $2.78M 1.33% | 0.00 | 0.00 | 118.71K |
SCHWAB US LARGE CAP ETFSOLE | UIE | 120.08K | SH | $2.65M 1.27% | 0.00 | 0.00 | 120.08K |
VANGUARD DIVIDEND APPRECIATION ETFSOLE | UIE | 13.34K | SH | $2.59M 1.24% | 0.00 | 0.00 | 13.34K |
MIDCAP FINL INVESTMESOLE | COM | 169.09K | SH | $2.17M 1.04% | 0.00 | 0.00 | 169.09K |
KKR & CO INCSOLE | COM | 17.39K | SH | $2.01M 0.96% | 0.00 | 0.00 | 17.39K |
JPMORGAN ULTRA SHORT INCOME ETFSOLE | UIE | 39.15K | SH | $1.98M 0.95% | 0.00 | 0.00 | 39.15K |
VANGUARD GROWTH ETFSOLE | UIE | 4.89K | SH | $1.81M 0.87% | 0.00 | 0.00 | 4.89K |
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