Filed: 8/5/2025ACC: 0001437749-25-024802
📋 What this filing means
NEXT CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 137 equity positions with a total reported market value of $270.62M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
137
Positions
$270.62M
Total AUM (reported)
4.45M
Total Shares
Allocation by class
UIE$162.06M59.9%
COM$104.33M38.6%
CEM$2.08M0.8%
FGO$887.7K0.3%
FGC$649.4K0.2%
MLP$453.5K0.2%
UFO$159.6K0.1%
Portfolio Concentration
Top 3$64.15M23.7%
4–10$63.31M23.4%
11–25$62.21M23.0%
Rest$80.94M29.9%
Top 3 weight
23.7%
Top 10 weight
47.1%
Voting Authority Distribution
Total shares with voting rights: 4.45M
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
4.45M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole137
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings137
Rows:
ISHARES CORE S&P 500 ETF
SOLEShares64.15K
TypeSH
Market value$39.83M
14.72%
Sole
0.00
Shared
0.00
None
64.15K
META PLATFORMS INC CLASS A
SOLEShares16.66K
TypeSH
Market value$12.29M
4.54%
Sole
0.00
Shared
0.00
None
16.66K
INVESCO QQQ TRUST
SOLEShares21.80K
TypeSH
Market value$12.03M
4.44%
Sole
0.00
Shared
0.00
None
21.80K
ISHARES CORE MSCI EAFE ETF
SOLEShares116.33K
TypeSH
Market value$9.71M
3.59%
Sole
0.00
Shared
0.00
None
116.33K
AMAZON.COM INC
SOLEShares43.97K
TypeSH
Market value$9.65M
3.56%
Sole
0.00
Shared
0.00
None
43.97K
MIDCAP FINL INVESTME
SOLEShares725.40K
TypeSH
Market value$9.15M
3.38%
Sole
0.00
Shared
0.00
None
725.40K
APPLE INC
SOLEShares44.01K
TypeSH
Market value$9.03M
3.34%
Sole
0.00
Shared
0.00
None
44.01K
VANGUARD S&P 500 ETF
SOLEShares15.75K
TypeSH
Market value$8.96M
3.31%
Sole
0.00
Shared
0.00
None
15.75K
BLACKROCK TCP CAP CORP
SOLEShares1.13M
TypeSH
Market value$8.74M
3.23%
Sole
0.00
Shared
0.00
None
1.13M
VANGUARD TOTAL STOCK MARKET ETF
SOLEShares26.56K
TypeSH
Market value$8.07M
2.98%
Sole
0.00
Shared
0.00
None
26.56K
ISHARES RUSSELL 1000 GROWTH ETF
SOLEShares18.17K
TypeSH
Market value$7.71M
2.85%
Sole
0.00
Shared
0.00
None
18.17K
ISHARES S&P 500 GROWTH ETF
SOLEShares47.77K
TypeSH
Market value$5.26M
1.94%
Sole
0.00
Shared
0.00
None
47.77K
ISHARES CORE MSCI EMERGING ETF
SOLEShares82.15K
TypeSH
Market value$4.93M
1.82%
Sole
0.00
Shared
0.00
None
82.15K
ISHARES RUSSELL 1000 ETF
SOLEShares12.73K
TypeSH
Market value$4.32M
1.60%
Sole
0.00
Shared
0.00
None
12.73K
NVIDIA CORP
SOLEShares27.03K
TypeSH
Market value$4.27M
1.58%
Sole
0.00
Shared
0.00
None
27.03K
ISHARES CORE S&P SMALL CAP ETF
SOLEShares37.95K
TypeSH
Market value$4.15M
1.53%
Sole
0.00
Shared
0.00
None
37.95K
ISHARES RUSSELL 1000 VALUE ETF
SOLEShares21.30K
TypeSH
Market value$4.14M
1.53%
Sole
0.00
Shared
0.00
None
21.30K
BERKSHIRE HATHAWAY CLASS B
SOLEShares8.45K
TypeSH
Market value$4.10M
1.52%
Sole
0.00
Shared
0.00
None
8.45K
GOLUB CAP BDC INC
SOLEShares279.44K
TypeSH
Market value$4.09M
1.51%
Sole
0.00
Shared
0.00
None
279.44K
ISHARES CORE S&P MID CAPETF
SOLEShares65.68K
TypeSH
Market value$4.07M
1.51%
Sole
0.00
Shared
0.00
None
65.68K
SPDR S&P 500 ETF
SOLEShares5.78K
TypeSH
Market value$3.57M
1.32%
Sole
0.00
Shared
0.00
None
5.78K
SCHWAB US SMALL CAP ETF
SOLEShares117.40K
TypeSH
Market value$2.97M
1.10%
Sole
0.00
Shared
0.00
None
117.40K
SELECT SECTOR HEALTH CARE SPDR ETF
SOLEShares21.98K
TypeSH
Market value$2.96M
1.09%
Sole
0.00
Shared
0.00
None
21.98K
SCHWAB US LARGE CAP ETF
SOLEShares119.50K
TypeSH
Market value$2.92M
1.08%
Sole
0.00
Shared
0.00
None
119.50K
VANGUARD DIVIDEND APPRECIATION ETF
SOLEShares13.34K
TypeSH
Market value$2.73M
1.01%
Sole
0.00
Shared
0.00
None
13.34K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES CORE S&P 500 ETFSOLE | UIE | 64.15K | SH | $39.83M 14.72% | 0.00 | 0.00 | 64.15K |
META PLATFORMS INC CLASS ASOLE | COM | 16.66K | SH | $12.29M 4.54% | 0.00 | 0.00 | 16.66K |
INVESCO QQQ TRUSTSOLE | UIE | 21.80K | SH | $12.03M 4.44% | 0.00 | 0.00 | 21.80K |
ISHARES CORE MSCI EAFE ETFSOLE | UIE | 116.33K | SH | $9.71M 3.59% | 0.00 | 0.00 | 116.33K |
AMAZON.COM INCSOLE | COM | 43.97K | SH | $9.65M 3.56% | 0.00 | 0.00 | 43.97K |
MIDCAP FINL INVESTMESOLE | COM | 725.40K | SH | $9.15M 3.38% | 0.00 | 0.00 | 725.40K |
APPLE INCSOLE | COM | 44.01K | SH | $9.03M 3.34% | 0.00 | 0.00 | 44.01K |
VANGUARD S&P 500 ETFSOLE | UIE | 15.75K | SH | $8.96M 3.31% | 0.00 | 0.00 | 15.75K |
BLACKROCK TCP CAP CORPSOLE | COM | 1.13M | SH | $8.74M 3.23% | 0.00 | 0.00 | 1.13M |
VANGUARD TOTAL STOCK MARKET ETFSOLE | UIE | 26.56K | SH | $8.07M 2.98% | 0.00 | 0.00 | 26.56K |
ISHARES RUSSELL 1000 GROWTH ETFSOLE | UIE | 18.17K | SH | $7.71M 2.85% | 0.00 | 0.00 | 18.17K |
ISHARES S&P 500 GROWTH ETFSOLE | UIE | 47.77K | SH | $5.26M 1.94% | 0.00 | 0.00 | 47.77K |
ISHARES CORE MSCI EMERGING ETFSOLE | UIE | 82.15K | SH | $4.93M 1.82% | 0.00 | 0.00 | 82.15K |
ISHARES RUSSELL 1000 ETFSOLE | UIE | 12.73K | SH | $4.32M 1.60% | 0.00 | 0.00 | 12.73K |
NVIDIA CORPSOLE | COM | 27.03K | SH | $4.27M 1.58% | 0.00 | 0.00 | 27.03K |
ISHARES CORE S&P SMALL CAP ETFSOLE | UIE | 37.95K | SH | $4.15M 1.53% | 0.00 | 0.00 | 37.95K |
ISHARES RUSSELL 1000 VALUE ETFSOLE | UIE | 21.30K | SH | $4.14M 1.53% | 0.00 | 0.00 | 21.30K |
BERKSHIRE HATHAWAY CLASS BSOLE | COM | 8.45K | SH | $4.10M 1.52% | 0.00 | 0.00 | 8.45K |
GOLUB CAP BDC INCSOLE | COM | 279.44K | SH | $4.09M 1.51% | 0.00 | 0.00 | 279.44K |
ISHARES CORE S&P MID CAPETFSOLE | UIE | 65.68K | SH | $4.07M 1.51% | 0.00 | 0.00 | 65.68K |
SPDR S&P 500 ETFSOLE | UIE | 5.78K | SH | $3.57M 1.32% | 0.00 | 0.00 | 5.78K |
SCHWAB US SMALL CAP ETFSOLE | UIE | 117.40K | SH | $2.97M 1.10% | 0.00 | 0.00 | 117.40K |
SELECT SECTOR HEALTH CARE SPDR ETFSOLE | UIE | 21.98K | SH | $2.96M 1.09% | 0.00 | 0.00 | 21.98K |
SCHWAB US LARGE CAP ETFSOLE | UIE | 119.50K | SH | $2.92M 1.08% | 0.00 | 0.00 | 119.50K |
VANGUARD DIVIDEND APPRECIATION ETFSOLE | UIE | 13.34K | SH | $2.73M 1.01% | 0.00 | 0.00 | 13.34K |
Page 1 of 6
…