Filed: 2/11/2026ACC: 0001437749-26-003766
📋 What this filing means
NEXT CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 136 equity positions with a total reported market value of $312.34M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
136
Positions
$312.34M
Total AUM (reported)
7.12M
Total Shares
Allocation by class
UIE$183.02M58.6%
COM$125.38M40.1%
CEM$1.74M0.6%
FGO$889.5K0.3%
FGC$722.8K0.2%
MLP$448.6K0.1%
UFO$133.5K0.0%
Portfolio Concentration
Top 3$79.49M25.5%
4–10$77.47M24.8%
11–25$70.91M22.7%
Rest$84.47M27.0%
Top 3 weight
25.5%
Top 10 weight
50.3%
Voting Authority Distribution
Total shares with voting rights: 7.11M
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
7.11M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole136
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings136
Rows:
ISHARES CORE S&P 500 ETF
SOLEShares69.83K
TypeSH
Market value$47.83M
15.31%
Sole
0.00
Shared
0.00
None
69.83K
MIDCAP FINL INVESTME
SOLEShares1.48M
TypeSH
Market value$16.98M
5.44%
Sole
0.00
Shared
0.00
None
1.48M
BLACKROCK TCP CAP CORP
SOLEShares2.68M
TypeSH
Market value$14.68M
4.70%
Sole
0.00
Shared
0.00
None
2.68M
INVSC QQQ TRUST SRS 1 ETF
SOLEShares21.42K
TypeSH
Market value$13.16M
4.21%
Sole
0.00
Shared
0.00
None
21.42K
ISHARES CORE MSCI EAFE ETF
SOLEShares146.06K
TypeSH
Market value$13.07M
4.18%
Sole
0.00
Shared
0.00
None
146.06K
META PLATFORMS INC CLASS A
SOLEShares16.61K
TypeSH
Market value$10.96M
3.51%
Sole
0.00
Shared
0.00
None
16.61K
AMAZON.COM INC
SOLEShares45.19K
TypeSH
Market value$10.43M
3.34%
Sole
0.00
Shared
0.00
None
45.19K
ISHARES RUSSELL 1000 GROWTH ETF
SOLEShares21.47K
TypeSH
Market value$10.16M
3.25%
Sole
0.00
Shared
0.00
None
21.47K
VANGUARD TOTAL STOCK MARKET ETF
SOLEShares30.17K
TypeSH
Market value$10.12M
3.24%
Sole
0.00
Shared
0.00
None
30.17K
iShares Core MSCI Emerging ETF
SOLEShares142.43K
TypeSH
Market value$9.57M
3.07%
Sole
0.00
Shared
0.00
None
142.43K
ISHARES S&P 500 GROWTH ETF
SOLEShares65.37K
TypeSH
Market value$8.06M
2.58%
Sole
0.00
Shared
0.00
None
65.37K
APPLE INC
SOLEShares28.35K
TypeSH
Market value$7.71M
2.47%
Sole
0.00
Shared
0.00
None
28.35K
ISHARES CORE S&P SMALL CAP ETF
SOLEShares46.98K
TypeSH
Market value$5.65M
1.81%
Sole
0.00
Shared
0.00
None
46.98K
ISHARES RUSSELL 1000 VALUE ETF
SOLEShares25.68K
TypeSH
Market value$5.40M
1.73%
Sole
0.00
Shared
0.00
None
25.68K
ISHARES CORE S&P MID CAPETF
SOLEShares80.76K
TypeSH
Market value$5.33M
1.71%
Sole
0.00
Shared
0.00
None
80.76K
VANGUARD S&P 500 ETF
SOLEShares8.44K
TypeSH
Market value$5.29M
1.69%
Sole
0.00
Shared
0.00
None
8.44K
NVIDIA CORP
SOLEShares24.92K
TypeSH
Market value$4.65M
1.49%
Sole
0.00
Shared
0.00
None
24.92K
ISHARES RUSSELL 1000 ETF
SOLEShares11.95K
TypeSH
Market value$4.46M
1.43%
Sole
0.00
Shared
0.00
None
11.95K
SPDR S&P 500 ETF
SOLEShares6.20K
TypeSH
Market value$4.23M
1.35%
Sole
0.00
Shared
0.00
None
6.20K
BERKSHIRE HATHAWAY CLASS CLASS B
SOLEShares8.29K
TypeSH
Market value$4.17M
1.33%
Sole
0.00
Shared
0.00
None
8.29K
SCHWAB US SMALL CAP ETF
SOLEShares119.14K
TypeSH
Market value$3.39M
1.09%
Sole
0.00
Shared
0.00
None
119.14K
GOLUB CAP BDC INC
SOLEShares244.21K
TypeSH
Market value$3.31M
1.06%
Sole
0.00
Shared
0.00
None
244.21K
SCHWAB FUNDMNTL US LARGECOM ETF
SOLEShares120.24K
TypeSH
Market value$3.27M
1.05%
Sole
0.00
Shared
0.00
None
120.24K
SCHWAB US LARGE CAP ETF
SOLEShares113.65K
TypeSH
Market value$3.06M
0.98%
Sole
0.00
Shared
0.00
None
113.65K
VANGUARD DIVIDEND APPRECIATION ETF
SOLEShares13.36K
TypeSH
Market value$2.94M
0.94%
Sole
0.00
Shared
0.00
None
13.36K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES CORE S&P 500 ETFSOLE | UIE | 69.83K | SH | $47.83M 15.31% | 0.00 | 0.00 | 69.83K |
MIDCAP FINL INVESTMESOLE | COM | 1.48M | SH | $16.98M 5.44% | 0.00 | 0.00 | 1.48M |
BLACKROCK TCP CAP CORPSOLE | COM | 2.68M | SH | $14.68M 4.70% | 0.00 | 0.00 | 2.68M |
INVSC QQQ TRUST SRS 1 ETFSOLE | COM | 21.42K | SH | $13.16M 4.21% | 0.00 | 0.00 | 21.42K |
ISHARES CORE MSCI EAFE ETFSOLE | UIE | 146.06K | SH | $13.07M 4.18% | 0.00 | 0.00 | 146.06K |
META PLATFORMS INC CLASS ASOLE | COM | 16.61K | SH | $10.96M 3.51% | 0.00 | 0.00 | 16.61K |
AMAZON.COM INCSOLE | COM | 45.19K | SH | $10.43M 3.34% | 0.00 | 0.00 | 45.19K |
ISHARES RUSSELL 1000 GROWTH ETFSOLE | UIE | 21.47K | SH | $10.16M 3.25% | 0.00 | 0.00 | 21.47K |
VANGUARD TOTAL STOCK MARKET ETFSOLE | UIE | 30.17K | SH | $10.12M 3.24% | 0.00 | 0.00 | 30.17K |
iShares Core MSCI Emerging ETFSOLE | UIE | 142.43K | SH | $9.57M 3.07% | 0.00 | 0.00 | 142.43K |
ISHARES S&P 500 GROWTH ETFSOLE | UIE | 65.37K | SH | $8.06M 2.58% | 0.00 | 0.00 | 65.37K |
APPLE INCSOLE | COM | 28.35K | SH | $7.71M 2.47% | 0.00 | 0.00 | 28.35K |
ISHARES CORE S&P SMALL CAP ETFSOLE | UIE | 46.98K | SH | $5.65M 1.81% | 0.00 | 0.00 | 46.98K |
ISHARES RUSSELL 1000 VALUE ETFSOLE | UIE | 25.68K | SH | $5.40M 1.73% | 0.00 | 0.00 | 25.68K |
ISHARES CORE S&P MID CAPETFSOLE | UIE | 80.76K | SH | $5.33M 1.71% | 0.00 | 0.00 | 80.76K |
VANGUARD S&P 500 ETFSOLE | UIE | 8.44K | SH | $5.29M 1.69% | 0.00 | 0.00 | 8.44K |
NVIDIA CORPSOLE | COM | 24.92K | SH | $4.65M 1.49% | 0.00 | 0.00 | 24.92K |
ISHARES RUSSELL 1000 ETFSOLE | UIE | 11.95K | SH | $4.46M 1.43% | 0.00 | 0.00 | 11.95K |
SPDR S&P 500 ETFSOLE | UIE | 6.20K | SH | $4.23M 1.35% | 0.00 | 0.00 | 6.20K |
BERKSHIRE HATHAWAY CLASS CLASS BSOLE | COM | 8.29K | SH | $4.17M 1.33% | 0.00 | 0.00 | 8.29K |
SCHWAB US SMALL CAP ETFSOLE | UIE | 119.14K | SH | $3.39M 1.09% | 0.00 | 0.00 | 119.14K |
GOLUB CAP BDC INCSOLE | COM | 244.21K | SH | $3.31M 1.06% | 0.00 | 0.00 | 244.21K |
SCHWAB FUNDMNTL US LARGECOM ETFSOLE | UIE | 120.24K | SH | $3.27M 1.05% | 0.00 | 0.00 | 120.24K |
SCHWAB US LARGE CAP ETFSOLE | UIE | 113.65K | SH | $3.06M 0.98% | 0.00 | 0.00 | 113.65K |
VANGUARD DIVIDEND APPRECIATION ETFSOLE | UIE | 13.36K | SH | $2.94M 0.94% | 0.00 | 0.00 | 13.36K |
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