Filed: 11/5/2025ACC: 0001437749-25-033205
📋 What this filing means
NEXT CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 139 equity positions with a total reported market value of $299.62M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
139
Positions
$299.62M
Total AUM (reported)
6.44M
Total Shares
Allocation by class
UIE$179.97M60.1%
COM$117.86M39.3%
FGO$897.3K0.3%
FGC$720.1K0.2%
UFO$170.5K0.1%
Portfolio Concentration
Top 3$76.95M25.7%
4–10$71.91M24.0%
11–25$66.72M22.3%
Rest$84.04M28.0%
Top 3 weight
25.7%
Top 10 weight
49.7%
Voting Authority Distribution
Total shares with voting rights: 6.44M
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
6.44M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole139
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings139
Rows:
ISHARES CORE S&P 500 ETF
SOLEShares68.70K
TypeSH
Market value$45.98M
15.35%
Sole
0.00
Shared
0.00
None
68.70K
MIDCAP FINL INVESTME
SOLEShares1.34M
TypeSH
Market value$16.09M
5.37%
Sole
0.00
Shared
0.00
None
1.34M
BLACKROCK TCP CAP CORP
SOLEShares2.40M
TypeSH
Market value$14.89M
4.97%
Sole
0.00
Shared
0.00
None
2.40M
INVSC QQQ TRUST SRS 1 ETF
SOLEShares21.08K
TypeSH
Market value$12.66M
4.22%
Sole
0.00
Shared
0.00
None
21.08K
META PLATFORMS INC CLASS A
SOLEShares16.71K
TypeSH
Market value$12.27M
4.10%
Sole
0.00
Shared
0.00
None
16.71K
ISHARES CORE MSCI EAFE ETF
SOLEShares134.46K
TypeSH
Market value$11.74M
3.92%
Sole
0.00
Shared
0.00
None
134.46K
AMAZON.COM INC
SOLEShares46.59K
TypeSH
Market value$10.23M
3.41%
Sole
0.00
Shared
0.00
None
46.59K
ISHARES RUSSELL 1000 GROWTH ETF
SOLEShares19.23K
TypeSH
Market value$9.01M
3.01%
Sole
0.00
Shared
0.00
None
19.23K
VANGUARD TOTAL STOCK MARKET ETF
SOLEShares27.26K
TypeSH
Market value$8.95M
2.99%
Sole
0.00
Shared
0.00
None
27.26K
APPLE INC
SOLEShares27.70K
TypeSH
Market value$7.05M
2.35%
Sole
0.00
Shared
0.00
None
27.70K
ISHARES CORE MSCI EMERGING ETF
SOLEShares106.78K
TypeSH
Market value$7.04M
2.35%
Sole
0.00
Shared
0.00
None
106.78K
VANGUARD S&P 500 ETF
SOLEShares10.04K
TypeSH
Market value$6.15M
2.05%
Sole
0.00
Shared
0.00
None
10.04K
ISHARES S&P 500 GROWTH ETF
SOLEShares50.55K
TypeSH
Market value$6.10M
2.04%
Sole
0.00
Shared
0.00
None
50.55K
ISHARES CORE S&P SMALL CAP ETF
SOLEShares44.14K
TypeSH
Market value$5.24M
1.75%
Sole
0.00
Shared
0.00
None
44.14K
NVIDIA CORP
SOLEShares26.44K
TypeSH
Market value$4.93M
1.65%
Sole
0.00
Shared
0.00
None
26.44K
ISHARES RUSSELL 1000 VALUE ETF
SOLEShares23.89K
TypeSH
Market value$4.86M
1.62%
Sole
0.00
Shared
0.00
None
23.89K
ISHARES CORE S&P MID CAPETF
SOLEShares70.19K
TypeSH
Market value$4.58M
1.53%
Sole
0.00
Shared
0.00
None
70.19K
ISHARES RUSSELL 1000 ETF
SOLEShares11.92K
TypeSH
Market value$4.36M
1.45%
Sole
0.00
Shared
0.00
None
11.92K
BERKSHIRE HATHAWAY CLASS B
SOLEShares8.45K
TypeSH
Market value$4.25M
1.42%
Sole
0.00
Shared
0.00
None
8.45K
SPDR S&P 500 ETF
SOLEShares5.85K
TypeSH
Market value$3.90M
1.30%
Sole
0.00
Shared
0.00
None
5.85K
GOLUB CAP BDC INC
SOLEShares244.21K
TypeSH
Market value$3.34M
1.12%
Sole
0.00
Shared
0.00
None
244.21K
SCHWAB US SMALL CAP ETF
SOLEShares117.38K
TypeSH
Market value$3.27M
1.09%
Sole
0.00
Shared
0.00
None
117.38K
SCHWAB US LARGE CAP ETF
SOLEShares115.41K
TypeSH
Market value$3.04M
1.01%
Sole
0.00
Shared
0.00
None
115.41K
VANGUARD DIVIDEND APPRECIATION ETF
SOLEShares13.35K
TypeSH
Market value$2.88M
0.96%
Sole
0.00
Shared
0.00
None
13.35K
SCHWAB FUNDMNTL US LARGECOM ETF
SOLEShares105.17K
TypeSH
Market value$2.77M
0.92%
Sole
0.00
Shared
0.00
None
105.17K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES CORE S&P 500 ETFSOLE | UIE | 68.70K | SH | $45.98M 15.35% | 0.00 | 0.00 | 68.70K |
MIDCAP FINL INVESTMESOLE | COM | 1.34M | SH | $16.09M 5.37% | 0.00 | 0.00 | 1.34M |
BLACKROCK TCP CAP CORPSOLE | COM | 2.40M | SH | $14.89M 4.97% | 0.00 | 0.00 | 2.40M |
INVSC QQQ TRUST SRS 1 ETFSOLE | UIE | 21.08K | SH | $12.66M 4.22% | 0.00 | 0.00 | 21.08K |
META PLATFORMS INC CLASS ASOLE | COM | 16.71K | SH | $12.27M 4.10% | 0.00 | 0.00 | 16.71K |
ISHARES CORE MSCI EAFE ETFSOLE | UIE | 134.46K | SH | $11.74M 3.92% | 0.00 | 0.00 | 134.46K |
AMAZON.COM INCSOLE | COM | 46.59K | SH | $10.23M 3.41% | 0.00 | 0.00 | 46.59K |
ISHARES RUSSELL 1000 GROWTH ETFSOLE | UIE | 19.23K | SH | $9.01M 3.01% | 0.00 | 0.00 | 19.23K |
VANGUARD TOTAL STOCK MARKET ETFSOLE | UIE | 27.26K | SH | $8.95M 2.99% | 0.00 | 0.00 | 27.26K |
APPLE INCSOLE | COM | 27.70K | SH | $7.05M 2.35% | 0.00 | 0.00 | 27.70K |
ISHARES CORE MSCI EMERGING ETFSOLE | UIE | 106.78K | SH | $7.04M 2.35% | 0.00 | 0.00 | 106.78K |
VANGUARD S&P 500 ETFSOLE | UIE | 10.04K | SH | $6.15M 2.05% | 0.00 | 0.00 | 10.04K |
ISHARES S&P 500 GROWTH ETFSOLE | UIE | 50.55K | SH | $6.10M 2.04% | 0.00 | 0.00 | 50.55K |
ISHARES CORE S&P SMALL CAP ETFSOLE | UIE | 44.14K | SH | $5.24M 1.75% | 0.00 | 0.00 | 44.14K |
NVIDIA CORPSOLE | COM | 26.44K | SH | $4.93M 1.65% | 0.00 | 0.00 | 26.44K |
ISHARES RUSSELL 1000 VALUE ETFSOLE | UIE | 23.89K | SH | $4.86M 1.62% | 0.00 | 0.00 | 23.89K |
ISHARES CORE S&P MID CAPETFSOLE | UIE | 70.19K | SH | $4.58M 1.53% | 0.00 | 0.00 | 70.19K |
ISHARES RUSSELL 1000 ETFSOLE | UIE | 11.92K | SH | $4.36M 1.45% | 0.00 | 0.00 | 11.92K |
BERKSHIRE HATHAWAY CLASS BSOLE | COM | 8.45K | SH | $4.25M 1.42% | 0.00 | 0.00 | 8.45K |
SPDR S&P 500 ETFSOLE | UIE | 5.85K | SH | $3.90M 1.30% | 0.00 | 0.00 | 5.85K |
GOLUB CAP BDC INCSOLE | COM | 244.21K | SH | $3.34M 1.12% | 0.00 | 0.00 | 244.21K |
SCHWAB US SMALL CAP ETFSOLE | UIE | 117.38K | SH | $3.27M 1.09% | 0.00 | 0.00 | 117.38K |
SCHWAB US LARGE CAP ETFSOLE | UIE | 115.41K | SH | $3.04M 1.01% | 0.00 | 0.00 | 115.41K |
VANGUARD DIVIDEND APPRECIATION ETFSOLE | UIE | 13.35K | SH | $2.88M 0.96% | 0.00 | 0.00 | 13.35K |
SCHWAB FUNDMNTL US LARGECOM ETFSOLE | UIE | 105.17K | SH | $2.77M 0.92% | 0.00 | 0.00 | 105.17K |
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