Next Capital Management LLC
•CIK: 1752762•Filing: Q4 2025
**Next Capital Management LLC** manages $312M across a diversified portfolio of 136 positions. The fund exhibits significant exposure to core US market indices, notably holding IVV at $47.8M and VTI at $10.1M. Key allocations also include international exposure via IEFA ($13.1M) and substantial technology weights in META ($11.0M) and AMZN ($10.4M). This positioning suggests a mandate focused on broad market capture supplemented by targeted growth sectors.
Total AUM
$312.3M
QoQ Performance
+4.3%
Positions
136
Top 10 Concentration
50.3%
Latest Filing
Q4 2025
Top Holdings Allocation
IVV
MFIC
IVV15.3%
MFIC5.4%
TCPC4.7%
NDQ4.2%
IEFA4.2%
META3.5%
AMZN3.3%
IWF3.3%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other62.5%
ETF18.4%
Technology9.6%
Financial3.5%
Consumer3.4%
Healthcare1.0%
Communication0.5%
Consumer Staples0.4%
🚪 Exited Positionssold since Q3 2025
+7 more exited positions
Changes from Q3 2025
NEW9 new positions
↑45 increased
↓22 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023