13F HOLDINGS REPORT
Next Capital Management LLC
Quarter ended Q2 2025 · Filed August 5, 2025 · Accession 0001437749-25-024802
Total Value
$270.6M
Positions
137
Other Managers
0
Confidential Omitted
No
Holdings (137)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES CORE S&P 500 ETF | 464287200 | 64,149 | $39.8M | 14.72% |
| 2 | META PLATFORMS INC CLASS A | META | 16,657 | $12.3M | 4.54% |
| 3 | INVESCO QQQ TRUST | IVZ | 21,800 | $12.0M | 4.44% |
| 4 | ISHARES CORE MSCI EAFE ETF | 46432F842 | 116,335 | $9.7M | 3.59% |
| 5 | AMAZON.COM INC | AMZN | 43,967 | $9.6M | 3.56% |
| 6 | MIDCAP FINL INVESTME | 03761U502 | 725,401 | $9.2M | 3.38% |
| 7 | APPLE INC | AAPL | 44,014 | $9.0M | 3.34% |
| 8 | VANGUARD S&P 500 ETF | 922908363 | 15,748 | $9.0M | 3.31% |
| 9 | BLACKROCK TCP CAP CORP | TCPC | 1,134,826 | $8.7M | 3.23% |
| 10 | VANGUARD TOTAL STOCK MARKET ETF | 922908769 | 26,563 | $8.1M | 2.98% |
| 11 | ISHARES RUSSELL 1000 GROWTH ETF | 464287614 | 18,167 | $7.7M | 2.85% |
| 12 | ISHARES S&P 500 GROWTH ETF | 464287309 | 47,773 | $5.3M | 1.94% |
| 13 | ISHARES CORE MSCI EMERGING ETF | 46434G103 | 82,147 | $4.9M | 1.82% |
| 14 | ISHARES RUSSELL 1000 ETF | 464287622 | 12,734 | $4.3M | 1.60% |
| 15 | NVIDIA CORP | NVDA | 27,033 | $4.3M | 1.58% |
| 16 | ISHARES CORE S&P SMALL CAP ETF | 464287804 | 37,949 | $4.1M | 1.53% |
| 17 | ISHARES RUSSELL 1000 VALUE ETF | 464287598 | 21,295 | $4.1M | 1.53% |
| 18 | BERKSHIRE HATHAWAY CLASS B | BRK-A | 8,449 | $4.1M | 1.52% |
| 19 | GOLUB CAP BDC INC | 38173M102 | 279,444 | $4.1M | 1.51% |
| 20 | ISHARES CORE S&P MID CAPETF | 464287507 | 65,682 | $4.1M | 1.51% |
| 21 | SPDR S&P 500 ETF | SPY | 5,776 | $3.6M | 1.32% |
| 22 | SCHWAB US SMALL CAP ETF | 808524607 | 117,399 | $3.0M | 1.10% |
| 23 | SELECT SECTOR HEALTH CARE SPDR ETF | 81369Y209 | 21,977 | $3.0M | 1.09% |
| 24 | SCHWAB US LARGE CAP ETF | 808524201 | 119,505 | $2.9M | 1.08% |
| 25 | VANGUARD DIVIDEND APPRECIATION ETF | 921908844 | 13,342 | $2.7M | 1.01% |
| 26 | KKR & CO INC | KKRT | 20,273 | $2.7M | 1.00% |
| 27 | MICROSOFT CORP | MSFT | 5,048 | $2.5M | 0.93% |
| 28 | VANGUARD GROWTH ETF | 922908736 | 4,942 | $2.2M | 0.80% |
| 29 | SCHWAB FUNDMNTL US LARGECOM ETF | 808524771 | 85,158 | $2.1M | 0.77% |
| 30 | WALMART INC | WMT | 20,600 | $2.0M | 0.74% |
| 31 | INVESCO NASDAQ 100 ETF | IVZ | 8,148 | $1.9M | 0.68% |
| 32 | VANGUARD MID CAP GROWTH ETF | 922908538 | 6,430 | $1.8M | 0.68% |
| 33 | VANGUARD INFORMATION TECHNOLOGY ETF | 92204A702 | 2,755 | $1.8M | 0.68% |
| 34 | SELECT STR FINANCIAL SELECT SPDR ETF | 81369Y605 | 32,434 | $1.7M | 0.63% |
| 35 | KRANESHARES CSI CHINA INTERNET ETF | 500767306 | 49,020 | $1.7M | 0.62% |
| 36 | ISHARES MSCI EMERGING MARKETS ETF | 464287234 | 34,500 | $1.7M | 0.61% |
| 37 | THE COCA-COLA CO | KO | 21,715 | $1.5M | 0.57% |
| 38 | CHARLES SCHWAB CORP | SCHW-PJ | 16,684 | $1.5M | 0.56% |
| 39 | JPMORGAN CHASE & CO | VYLD | 9,644 | $1.5M | 0.55% |
| 40 | BERKSHIRE HATHAWAY INC DCLASS A | BRK-A | 2 | $1.5M | 0.54% |
| 41 | PHILIP MORRIS INTL INC | 718172109 | 7,588 | $1.4M | 0.51% |
| 42 | MCDONALDS CORP | MCD | 4,684 | $1.4M | 0.51% |
| 43 | NETFLIX INC | NFLX | 1,002 | $1.3M | 0.50% |
| 44 | ELI LILLY AND CO | LLY | 1,704 | $1.3M | 0.49% |
| 45 | VANGUARD LARGE CAP ETF | 922908637 | 4,509 | $1.3M | 0.48% |
| 46 | ISHARES CORE S&P US VALUE ETF | 464287663 | 13,547 | $1.3M | 0.47% |
| 47 | ISHARES RUSSELL MID CAP GROWTH ETF | 464287481 | 9,230 | $1.3M | 0.47% |
| 48 | TELEFLEX INC | TFX | 10,423 | $1.2M | 0.46% |
| 49 | ALPHABET INC CLASS A | GOOG | 6,972 | $1.2M | 0.45% |
| 50 | ALPHABET INC CLASS C | GOOG | 6,784 | $1.2M | 0.44% |
| 51 | GOLDMAN SACHS GROUP INC | GSCE | 1,519 | $1.1M | 0.40% |
| 52 | INVESCO S&P 500 QUALITY ETF | IVZ | 14,621 | $1.0M | 0.39% |
| 53 | VANGUARD HIGH DIVIDEND YIELD ETF | 921946406 | 7,778 | $1.0M | 0.38% |
| 54 | SCHWAB US DIVIDEND EQUITY ETF | 808524797 | 39,007 | $1.0M | 0.38% |
| 55 | JPMORGAN ULTRA SHORT INCOME ETF | 46641Q837 | 20,185 | $1.0M | 0.38% |
| 56 | ECOLAB INC | ECL | 3,775 | $1.0M | 0.38% |
| 57 | TECHNOLOGY SELECT SECTORSPDR ETF | 81369Y803 | 3,971 | $1.0M | 0.37% |
| 58 | ISHARES RUSSELL 2000 ETF | 464287655 | 4,417 | $953,084 | 0.35% |
| 59 | ISHARES MSCI EAFE ETF | 464287465 | 10,216 | $913,208 | 0.34% |
| 60 | MONGODB INC CLASS A | MDB | 4,297 | $902,327 | 0.33% |
| 61 | JOHNSON & JOHNSON | JNJ | 5,783 | $883,353 | 0.33% |
| 62 | SABA CAPITAL INCOME OPPO | 78518H202 | 99,725 | $803,784 | 0.30% |
| 63 | CBIZ INC | CBZ | 11,000 | $788,810 | 0.29% |
| 64 | SCHWAB US BROAD MARKET ETF | 808524102 | 32,926 | $784,625 | 0.29% |
| 65 | VANGUARD FTSE DEVELOPED MARKETS ETF | 921943858 | 13,532 | $771,459 | 0.29% |
| 66 | HOME DEPOT INC | HD | 1,993 | $730,714 | 0.27% |
| 67 | FIRST TRUST NORTH AMERICAN ENERG ETF | 33738D101 | 19,345 | $725,631 | 0.27% |
| 68 | PARKER-HANNIFIN CORP | PH | 1,035 | $722,916 | 0.27% |
| 69 | EXXON MOBIL CORP | XOM | 6,522 | $703,072 | 0.26% |
| 70 | BLACKSTONE INC | BX | 4,526 | $676,945 | 0.25% |
| 71 | SPOTIFY TECHNOLOGY S A F | SPOT | 860 | $659,912 | 0.24% |
| 72 | BROOKFIELD CORP FCLASS A | 11271J107 | 10,500 | $649,425 | 0.24% |
| 73 | ONEOK INC NEW | OKE | 7,880 | $643,244 | 0.24% |
| 74 | VANECK GOLD MINERS ETF | 92189F106 | 11,752 | $611,809 | 0.23% |
| 75 | ISHARES MSCI ACWI EX US ETF | 464288240 | 9,959 | $606,901 | 0.22% |
| 76 | PPG INDS INC | 693506107 | 5,204 | $591,955 | 0.22% |
| 77 | CSG SYS INTL INC | 126349109 | 9,000 | $587,790 | 0.22% |
| 78 | BLUE OWL CAP CORP | OWL | 39,363 | $564,465 | 0.21% |
| 79 | RIVERNORTH DOUBLLINE STR | OPP-PC | 63,859 | $545,994 | 0.20% |
| 80 | AMERICAN ELEC PWR CO INC | 025537101 | 5,075 | $526,582 | 0.19% |
| 81 | QUALCOMM INC | QCOM | 3,216 | $512,180 | 0.19% |
| 82 | VANGUARD FTSE EMERGING MARKETS ETF | 922042858 | 9,964 | $492,804 | 0.18% |
| 83 | VANGUARD VALUE ETF | 922908744 | 2,765 | $488,921 | 0.18% |
| 84 | ISHARES MSCI GERMANY ETF | 464286806 | 11,475 | $485,507 | 0.18% |
| 85 | ASTERA LABS INC | ALAB | 5,182 | $468,556 | 0.17% |
| 86 | MERCK & CO. INC. | MRK | 5,814 | $460,988 | 0.17% |
| 87 | ENTERPRISE PRODS PART LP | 293792107 | 14,625 | $453,521 | 0.17% |
| 88 | SLR INVESTMENT CORP | SLRC | 27,520 | $444,173 | 0.16% |
| 89 | PFIZER INC | PFE | 17,903 | $433,965 | 0.16% |
| 90 | TORTOISE ENERGY INFRASTR | TYG | 9,770 | $428,805 | 0.16% |
| 91 | NORTHROP GRUMMAN CORP | NOC | 811 | $405,484 | 0.15% |
| 92 | COMCAST CORP NEW CLASS A | CCZ | 11,178 | $398,943 | 0.15% |
| 93 | ISHARES MICRO CAP ETF | 464288869 | 3,123 | $398,682 | 0.15% |
| 94 | UNITEDHEALTH GROUP INC | UNH | 1,246 | $388,715 | 0.14% |
| 95 | PROCTER & GAMBLE CO | 742718109 | 2,416 | $384,917 | 0.14% |
| 96 | ABBVIE INC | ABBV | 1,877 | $348,333 | 0.13% |
| 97 | ILLUMINA INC | ILMN | 3,578 | $341,377 | 0.13% |
| 98 | TRIMAS CORP | TRS | 11,500 | $329,015 | 0.12% |
| 99 | LENNOX INTL INC | 526107107 | 563 | $322,734 | 0.12% |
| 100 | ISHARES S&P SMALL CAP 600 ETF | 464287879 | 3,230 | $321,353 | 0.12% |
| 101 | ARK GENOMIC REVOLUTION ETF | 00214Q302 | 13,046 | $317,670 | 0.12% |
| 102 | HONEYWELL INTL INC | 438516106 | 1,342 | $312,525 | 0.12% |
| 103 | VANGUARD TOTAL WORLD STOCK ETF | 922042742 | 2,364 | $303,787 | 0.11% |
| 104 | WILLAMETTE VY VINEYARD I | 969136100 | 54,800 | $302,496 | 0.11% |
| 105 | ALTRIA GROUP INC | MO | 5,076 | $297,606 | 0.11% |
| 106 | BOOKING HLDGS INC | BKNG | 51 | $295,251 | 0.11% |
| 107 | INVESCO S&P 500 EQUAL WEIGHT ETF | IVZ | 1,614 | $293,382 | 0.11% |
| 108 | WILLIAMS COS INC | 969457100 | 4,645 | $291,752 | 0.11% |
| 109 | MAYS J W INC | MAYS | 7,326 | $278,388 | 0.10% |
| 110 | XTRACKERS MSCI EAFE HEDGED EQUITY ET | 233051200 | 6,331 | $276,981 | 0.10% |
| 111 | NEW MTN FIN CORP | 647551100 | 26,150 | $275,883 | 0.10% |
| 112 | GE VERNOVA INC | GEV | 508 | $268,808 | 0.10% |
| 113 | TRAVELERS COS INC | TRV | 1,004 | $268,610 | 0.10% |
| 114 | ISHARES RUSSELL MID CAP VALUE ETF | 464287473 | 2,030 | $268,244 | 0.10% |
| 115 | ACV AUCTIONS INC CLASS A | ACVA | 16,006 | $259,617 | 0.10% |
| 116 | SALESFORCE INC | CRM | 943 | $257,147 | 0.10% |
| 117 | NUVEEN FLOATING RATE INC | 67072T108 | 29,789 | $252,313 | 0.09% |
| 118 | ISHARES US ENERGY ETF | 464287796 | 5,500 | $248,710 | 0.09% |
| 119 | MONDELEZ INTL INC CLASS A | 609207105 | 3,656 | $246,561 | 0.09% |
| 120 | APOLLO GLOBAL MGMT INC N | 03769M106 | 1,707 | $242,172 | 0.09% |
| 121 | VISA INC CLASS A | V | 665 | $236,263 | 0.09% |
| 122 | PEPSICO INC | PEP | 1,738 | $229,486 | 0.08% |
| 123 | PALANTIR TECHNOLOGIES INCLASS A | PLTR | 1,682 | $229,290 | 0.08% |
| 124 | CHARLES SCHWAB US MC ETF | 808524508 | 8,100 | $227,200 | 0.08% |
| 125 | ISHARES MSCI INDIA INDEXETF | 46429B598 | 4,000 | $222,720 | 0.08% |
| 126 | ABBOTT LABS | ABLZF | 1,634 | $222,240 | 0.08% |
| 127 | PHILLIPS 66 | PSX | 1,800 | $214,740 | 0.08% |
| 128 | DIREXN DLY ARSPC DFNS BL3X SHRS ETF | 25460E661 | 4,000 | $207,520 | 0.08% |
| 129 | SERVE ROBOTICS INC | SERV | 16,425 | $187,902 | 0.07% |
| 130 | WISE PLC ORDF | G97229101 | 11,116 | $159,561 | 0.06% |
| 131 | ERMENEGILDO ZEGNA N V F | ZGN | 18,275 | $156,251 | 0.06% |
| 132 | CRITICAL METALS CORP. F | CRTMF | 19,982 | $71,536 | 0.03% |
| 133 | VIRTUS STONE HARBOR EMG | 86164T107 | 10,000 | $50,500 | 0.02% |
| 134 | E2OPEN PARENT HLDGS INC CLASS A | 29788T103 | 14,587 | $47,116 | 0.02% |
| 135 | CARIBOU BIOSCIENCES INC | CRBU | 20,000 | $25,200 | 0.01% |
| 136 | DOCGO INC | DCGO | 15,000 | $23,550 | 0.01% |
| 137 | CYTODYN INC | CYDY | 32,500 | $8,856 | 0.00% |