Next Capital Management LLC

Name: Next Capital Management LLC: Form 13F holdings for the quarter ended 2026-06-30
Creator: Listed

An institutional investment manager in NEW YORK, NY. Its Form 13F for the quarter ended Jun 30, 2026, filed Aug 3, 2026. SEC CIK 1752762.

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Reported value$370.5m
Positions138

Holdings: 138 positions

The filing on sec.gov

As filed, largest first. Reported value is what the manager stated for each position at the quarter end, in US dollars; it is filing data, not a price. Weight is the position's share of the total reported value. Changes compare with the 13F for the quarter ended 2026-03-31.

Next Capital Management LLC, holdings
Issuer	Class	CUSIP	Reported value$m	Weight	Shares	Change on the quarter before
Ishares Core S&P 500 ETF	ETF	464287200	54.3	14.6%	72,466	Added+1,867
Midcap Finl InvestmeMFIC	COM	03761U502	19.1	5.2%	1,899,667	Added+28,015
Blue Owl Cap CorpOBDC	COM	69121K104	18.5	5.0%	1,688,690	Added+269,871
Ishares Core Msci Eafe ETF	ETF	46432F842	17.0	4.6%	176,061	Added+16,311
Invesco QQQ TR	COM	46090E103	14.7	4.0%	20,030	Reduced−61
Ishares Core Msci Emerging Markets ETF	ETF	46434G103	13.5	3.7%	163,430	Added+11,909
Vanguard Total Stock Market Index Fund ETF Shares	ETF	922908769	11.4	3.1%	30,917	Reduced−243
Blackrock TCP Cap CorpTCPC	COM	09259E108	10.5	2.8%	3,130,285	Added+80,738
Ishares Russell 1000 Growth ETF	ETF	464287614	10.5	2.8%	84,480	Added+63,094
Meta Platforms Inc Class aMETA	COM	30303M102	9.7	2.6%	17,281	Added+985
Ishares S&P 500 Growth ETF	ETF	464287309	9.7	2.6%	70,383	Added+2,504
Ishares Core S&P Mid-Capetf	ETF	464287507	7.8	2.1%	101,771	Added+9,597
Ishares Core S&P Small-Cap ETF	ETF	464287804	7.8	2.1%	52,491	Added+2,742
Apple IncAAPL	COM	037833100	7.6	2.1%	26,355	Reduced−268
Amazon.Com IncAMZN	COM	023135106	7.2	2.0%	30,407	Reduced−12,243
Ishares Russell 1000 Value ETF	ETF	464287598	6.8	1.8%	27,975	Reduced−90
Golub Cap BDC IncGBDC	COM	38173M102	6.5	1.8%	505,442	Reduced−61,763
Vanguard S&P 500 ETF	ETF	922908363	5.9	1.6%	8,537	Added+4
State Street SPDR S&P 500 ETF TrustSPY	ETF	78462F103	5.0	1.3%	6,632	Reduced−127
Ishares Russell 1000 ETF	ETF	464287622	4.9	1.3%	11,954	Added+2
KKR & Co IncKKR	COM	48251W104	4.7	1.3%	51,339	Added+3,568
Nvidia CorpNVDA	COM	67066G104	4.5	1.2%	22,614	Added+30
Schwab Fundamental U.S. Large Company ETF	ETF	808524771	4.5	1.2%	144,153	Added+16,145
Berkshire Hathaway Class BBRK-B	COM	084670702	4.2	1.1%	8,342	Reduced−10
Schwab U.S. Small-Cap ETF	ETF	808524607	3.9	1.0%	107,520	Reduced−370
Invesco Nasdaq 100 ETF	ETF	46138G649	3.8	1.0%	12,533	Added+1,385
Vanguard Dividend Appreciation Index Fund ETF Shares	ETF	921908844	3.5	0.9%	14,624	Added+7
Schwab U.S. Large-Cap ETF	ETF	808524201	3.3	0.9%	112,073	Reduced−2,037
Blackstone IncBX	COM	09260D107	3.0	0.8%	25,197	Added+2,875
Apollo Global MGMT Inc Nclass aAPO	COM	03769M106	2.9	0.8%	24,569	Added+2,706
State Street Health Careselect Sector SPDR ETF	ETF	81369Y209	2.9	0.8%	17,990	Reduced−11
Vanguard Information Technology Index Fund ETF Shares	ETF	92204A702	2.7	0.7%	22,184	Added+19,411
Vanguard Growth Index Fund ETF Shares	ETF	922908736	2.6	0.7%	30,404	Added+25,337
Ishares Msci Emerging Markets ETF	ETF	464287234	2.5	0.7%	36,459	Reduced−165
Microsoft CorpMSFT	COM	594918104	2.3	0.6%	6,140	Added+487
ELI Lilly and CoLLY	COM	532457108	2.1	0.6%	1,768	Unchanged
Alphabet Inc Class CGOOGL	COM	02079K107	2.1	0.6%	5,995	Reduced−366
Ishares Core S&P U.S. Value ETF	ETF	464287663	2.1	0.6%	19,159	Reduced−401
State Street Technology Select Sector SPDR ETF	ETF	81369Y803	2.0	0.6%	10,700	Added+2,323
Alphabet Inc Class aGOOGL	COM	02079K305	2.0	0.5%	5,656	Reduced−1,023
State Street Financial Select Sector SPDR ETF	ETF	81369Y605	2.0	0.5%	37,600	Added+3,092
Vanguard Large-Cap Indexfund ETF Shares	ETF	922908637	1.8	0.5%	5,376	Unchanged
Schwab U.S. Dividend Equity ETF	ETF	808524797	1.8	0.5%	56,932	Added+16,012
Salesforce IncCRM	COM	79466L302	1.8	0.5%	11,350	Unchanged
Ishares Russell Mid-Cap Growth ETF	ETF	464287481	1.7	0.5%	11,648	Added+5
Vanguard Mid-Cap Growth Index Fund ETF Shares	ETF	922908538	1.5	0.4%	5,020	Unchanged
Goldman Sachs Group IncGS	COM	38141G104	1.5	0.4%	1,515	Reduced−20
Charles Schwab CorpSCHW	COM	808513105	1.5	0.4%	16,323	Reduced−600
Johnson & JohnsonJNJ	COM	478160104	1.4	0.4%	5,530	Unchanged
Mongodb Inc Class aMDB	COM	60937P106	1.4	0.4%	4,068	Reduced−317
The Coca-Cola CoKO	COM	191216100	1.3	0.4%	16,611	Unchanged
Vanguard High Dividend Yield Index Fund ETF Shares	ETF	921946406	1.3	0.4%	8,505	Added+312
Ishares Russell 2000 ETF	ETF	464287655	1.3	0.4%	4,448	Reduced−103
TPG Inc Class aTPG	COM	872657101	1.3	0.4%	32,076	Added+6,098
Ishares Msci Eafe ETF	ETF	464287465	1.2	0.3%	12,009	Unchanged
Vanguard Ftse Developed Markets Index Fund ETF Shares	ETF	921943858	1.2	0.3%	17,435	Added+686
Kraneshares Csi China Internet ETF	ETF	500767306	1.2	0.3%	49,020	Unchanged
Jpmorgan Chase & CoJPM	COM	46625H100	1.1	0.3%	3,380	Added+87
Parker-Hannifin CorpPH	COM	701094104	1.0	0.3%	1,035	Unchanged
Schwab U.S. Broad Marketetf	ETF	808524102	1.0	0.3%	34,620	Added+1,402
Ishares Expanded Tech-Software Sector ETF	ETF	464287515	0.9	0.3%	10,342	Added+731
First Trust North American Energy Infrastructure Fund	ETF	33738D101	0.9	0.2%	20,663	Added+910
Ecolab IncECL	COM	278865100	0.8	0.2%	2,925	Unchanged
Vanguard Value Index Fund ETF Shares	ETF	922908744	0.8	0.2%	3,637	Added+184
Exxon Mobil Corp	COM	30231G102	0.8	0.2%	5,735	Unchanged
Ishares Msci Acwi Ex U.S. ETF	ETF	464288240	0.8	0.2%	9,959	Unchanged
Invesco S&P 500 Quality ETF	ETF	46137V241	0.8	0.2%	8,390	Reduced−1,138
American Elec PWR Co IncAEP	COM	025537101	0.8	0.2%	5,497	Reduced−155
Ishares S&P Small-Cap 600 Value ETF	ETF	464287879	0.8	0.2%	5,496	Unchanged
SPDR Gold SharesGLD	ETF	78463V107	0.7	0.2%	1,979	Unchanged
Oneok Inc New	COM	682680103	0.7	0.2%	7,880	Unchanged
Brookfield Corp Fclass aBN	COM	11271J107	0.7	0.2%	15,750	Unchanged
Vanguard Ftse Emerging Markets Index Fund ETF Shares	ETF	922042858	0.7	0.2%	10,919	Added+199
Vaneck Gold Miners ETF	ETF	92189F106	0.6	0.2%	8,522	Unchanged
Ishares Micro-Cap ETF	ETF	464288869	0.6	0.2%	3,123	Unchanged
PPG Inds IncPPG	COM	693506107	0.6	0.2%	4,990	Reduced−47
GE Vernova IncGEV	COM	36828A101	0.6	0.2%	506	Unchanged
Qualcomm IncQCOM	COM	747525103	0.6	0.2%	3,216	Reduced−53
Saba Capital Income & OpBRW	COM	78518H202	0.6	0.2%	88,927	Unchanged
Illumina IncILMN	COM	452327109	0.6	0.2%	3,256	Reduced−322
Ishares Russell Mid-Cap Value ETF	ETF	464287473	0.6	0.2%	3,427	Reduced−285
Ark Genomic Revolution ETF	ETF	00214Q302	0.5	0.1%	13,046	Unchanged
Enterprise Prods Part LPEPD	COM	293792107	0.5	0.1%	14,348	Unchanged
Trimas CorpTRS	COM	896215209	0.5	0.1%	11,500	Unchanged
iShares Core MSCI Totl Intl STCK ETF	ETF	46432F834	0.5	0.1%	4,962	Unchanged
Caterpillar IncCAT	COM	149123101	0.5	0.1%	435	Reduced−100
Broadcom IncAVGO	COM	11135F101	0.4	0.1%	1,142	New+1,142
Rivernorth/Doubleline STOPP	COM	76882G107	0.4	0.1%	55,109	Unchanged
Ishares Russell 2000 Value ETF	ETF	464287630	0.4	0.1%	1,898	Unchanged
Tortoise Energy InfrastrTYG	COM	89147L886	0.4	0.1%	9,770	Unchanged
Wisdomtree Japan Hedged Equity Fund	ETF	97717W851	0.4	0.1%	2,350	Unchanged
Terawulf Inc ComWULF	COM	88080T104	0.4	0.1%	16,280	Unchanged
Spotify Technology S a F	COM	L8681T102	0.4	0.1%	860	Reduced−46
Netflix IncNFLX	COM	64110L106	0.4	0.1%	5,410	Reduced−529
Vanguard Total World Stock Index Fund ETF Shares	ETF	922042742	0.4	0.1%	2,415	Reduced−124
Schwab U.S. Mid-Cap ETF	ETF	808524508	0.4	0.1%	10,184	Added+8
Invesco S&P 500 Equal Weight ETF	ETF	46137V357	0.4	<0.1%	1,686	Added+3
Xtrackers Msci Eafe Hedged Equity ETF	ETF	233051200	0.3	<0.1%	6,331	Unchanged
Williams Cos IncWMB	COM	969457100	0.3	<0.1%	4,645	Unchanged
SLR Investment CorpSLRC	COM	83413U100	0.3	<0.1%	27,520	Unchanged
Capital One Finl CorpCOF	COM	14040H105	0.3	<0.1%	1,668	Unchanged
Fedex CorpFDX	COM	31428X106	0.3	<0.1%	1,040	New+1,040
State Street SPDR S&P Metals & Mining ETF	ETF	78464A755	0.3	<0.1%	2,975	New+2,975
Global X Artificial Intelligence & Technology ETF	ETF	37954Y632	0.3	<0.1%	4,848	Unchanged
State Street SPDR S&P Biotech ETF	ETF	78464A870	0.3	<0.1%	2,000	Unchanged
Ishares U.S. Energy ETF	ETF	464287796	0.3	<0.1%	5,500	Unchanged
Blackstone Private	COM	09261H305	0.3	<0.1%	12,596	New+12,596
Phillips 66PSX	COM	718546104	0.3	<0.1%	1,738	Unchanged
Mays J W IncMAYS	COM	578473100	0.3	<0.1%	7,326	Unchanged
Travelers Cos IncTRV	COM	89417E109	0.3	<0.1%	860	Unchanged
Erasca Inc ComERAS	COM	29479A108	0.3	<0.1%	15,300	New+15,300
Ab Active Etfs Inc (international Low Volatility Equity Etf)	ETF	00039J822	0.3	<0.1%	6,013	Unchanged
Honeywell International IncHON	COM	438516205	0.3	<0.1%	1,220	New+1,220
Honeywell Aerospace IncHONA	COM	43849R105	0.3	<0.1%	1,220	New+1,220
Ishares Core S&P Total U.S. Stock Market ETF	ETF	464287150	0.3	<0.1%	1,637	New+1,637
New MTN Fin CorpNMFC	COM	647551100	0.3	<0.1%	37,340	Added+7,660
Vaneck Semiconductor ETF	ETF	92189F676	0.3	<0.1%	403	New+403
Vanguard Mid-Cap Index Fund ETF Shares	ETF	922908629	0.3	<0.1%	3,238	Added+2,429
Weyerhaeuser Co REITWY	COM	962166104	0.2	<0.1%	10,000	New+10,000
Ermenegildo Zegna N V F	COM	N30577105	0.2	<0.1%	18,275	Unchanged
Schwab International Equity ETF	ETF	808524805	0.2	<0.1%	8,535	Added+344
Delta Air Lines Inc DelDAL	COM	247361702	0.2	<0.1%	2,500	New+2,500
Achieve LifeACHV	COM	004468500	0.2	<0.1%	34,995	Unchanged
Palo Alto Networks IncPANW	COM	697435105	0.2	<0.1%	660	New+660
Vanguard Small-Cap Indexfund ETF Shares	ETF	922908751	0.2	<0.1%	738	New+738
Altria Group IncMO	COM	02209S103	0.2	<0.1%	3,000	Reduced−683
Unitedhealth Group IncUNH	COM	91324P102	0.2	<0.1%	519	New+519
Philip Morris International IncPM	COM	718172109	0.2	<0.1%	1,191	Reduced−2,189
Booking Holdings IncBKNG	COM	09857L108	0.2	<0.1%	1,200	Added+1,152
Aeva TechnologiesAEVA	COM	00835Q202	0.2	<0.1%	7,355	New+7,355
WEC Energy Group IncWEC	COM	92939U106	0.2	<0.1%	1,806	Unchanged
Merck & Co. Inc.MRK	COM	58933Y105	0.2	<0.1%	1,591	Reduced−148
Nuveen Floating Rate IncJFR	COM	67072T108	0.2	<0.1%	23,402	Unchanged
Serve Robotics IncSERV	COM	81758H106	0.2	<0.1%	26,425	Unchanged
Willamette Vy Vineyard IWVVI	COM	969136100	0.1	<0.1%	54,800	Unchanged
ACV Auctions Inc Class a	COM	00091G104	0.1	<0.1%	15,047	Reduced−1,659
Caribou Biosciences IncCRBU	COM	142038108	0.0	<0.1%	20,000	Unchanged
Cytodyn IncCYDY	COM	23283M101	0.0	<0.1%	25,000	Unchanged

Sold out: 11 positions

Held at the end of the quarter before and not reported this quarter.

Next Capital Management LLC, positions sold out
Issuer	Class	CUSIP	Weight	Change on the quarter before
Amrize Ltd F	COM	H2927K103	0.0%	Sold out−3,750
Astera Labs IncALAB	COM	04626A103	0.0%	Sold out−5,182
Blue Owl Cap Inc Class aOWL	COM	09581B103	0.0%	Sold out−29,006
Corning IncGLW	COM	219350105	0.0%	Sold out−2,000
Home Depot IncHD	COM	437076102	0.0%	Sold out−675
Honeywell International Inc	COM	438516106	0.0%	Sold out−2,602
Jpmorgan Ultra-Short Income ETF	UIE	46641Q837	0.0%	Sold out−21,598
Mastercard Inc Class Class aMA	COM	57636Q104	0.0%	Sold out−411
MGM Resorts InternationalMGM	COM	552953101	0.0%	Sold out−5,780
Rayonier Advanced MaRYAM	COM	75508B104	0.0%	Sold out−51,422
Virtus Stone Harbor EmerEDF	COM	86164T107	0.0%	Sold out−10,000

Source: SEC EDGAR, Form 13F-HR, accession 0001437749-26-025432 (on sec.gov). Last ingested by Listed: Oct 22, 2026, 05:26 ET. Listed shows no prices and gives no investment advice.