Next Capital Management LLC

Q1 2026 13F-HR Holdings

Location
New York, NY
Holdings as of
3/31/2026
Date filed
5/7/2026
Form type
13F-HR
Num holdings
134
Total value ($000)
$330,187
Net value change ($000)
+17,844 (5.7%)
New positions
15
Sold out positions
17
Turnover %
4.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/11/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
OBDC 13,301 534.6%
MFIC 4,056 23.9%
GBDC 3,867 116.7%
APO 2,181 855.3%
CRM 2,119 NEW
BX 1,864 265.1%
KKR 1,835 71.0%
IEFA 1,396 10.7%
TPG 1,052 NEW
IEMG 995 10.4%
Top Reduces (Value $000, Stocks/ETFs)
TCPC -3,670 -25.0%
IVV -1,716 -3.6%
META -1,641 -15.0%
QQQ -1,565 -11.9%
AMZN -1,547 -14.8%
BRK-B -1,510 -100.0%
TFX -1,272 -100.0%
IWF -1,043 -10.3%
AAPL -949 -12.3%
NVDA -709 -15.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type