Fund Holdings

Next Capital Management LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
BLUE OWL CAP CORP(OBDC)199,5841,418,819+1,219,2352,488,47015,789,3494.78%+13,300,879
MIDCAP FINL INVESTME(MFIC)1,484,3491,871,652+387,30316,980,95021,037,3716.37%+4,056,421
GOLUB CAP BDC INC(GBDC)244,213567,205+322,9923,313,9707,180,8152.17%+3,866,845
APOLLO GLOBAL MGMT INC NCLASS CLASS A(APO)1,75921,863+20,104254,6332,435,9750.74%+2,181,342
SALESFORCE INC(CRM)011,350+11,35002,118,7050.64%+2,118,705
BLACKSTONE INC(BX)4,56022,322+17,762702,8212,566,8430.78%+1,864,022
KKR & CO INC(KKR)20,27347,771+27,4982,584,4024,418,8181.34%+1,834,416
ISHARES CORE MSCI EAFE ETF146,055159,750+13,69513,066,12414,462,1774.38%+1,396,053
TPG INC CLASS CLASS A(TPG)025,978+25,97801,052,3690.32%+1,052,369
ISHARES CORE MSCI EMERGING MARKETS ETF142,425151,521+9,0969,573,79210,568,5733.20%+994,781
ISHARES CORE S&P MID-CAPETF80,75792,174+11,4175,329,9446,224,4951.89%+894,551
SPDR GOLD SHARES(GLD)01,979+1,9790851,5440.26%+851,544
ISHARES EXPANDED TECH-SOFTWARE SECTOR ETF09,611+9,6110769,3370.23%+769,337
BROOKFIELD CORP FCLASS A(BN)015,750+15,7500637,4030.19%+637,403
SABA CAPITAL INCOME & OP088,927+88,9270599,3680.18%+599,368
ISHARES RUSSELL 1000 VALUE ETF25,67928,065+2,3865,401,3125,996,7321.82%+595,420
PHILIP MORRIS INTL INC(PM)03,380+3,3800559,1270.17%+559,127
ENTERPRISE PRODS PART LP(EPD)014,348+14,3480542,9280.16%+542,928
ISHARES CORE S&P SMALL-CAP ETF46,97549,749+2,7745,645,4776,184,3601.87%+538,883
TORTOISE ENERGY INFRASTR(TYG)09,770+9,7700487,0350.15%+487,035
SPOTIFY TECHNOLOGY S A F(SPOT)0906+9060439,3280.13%+439,328
RIVERNORTH/DOUBLELINE ST055,109+55,1090422,6860.13%+422,686
WISDOMTREE JAPAN HEDGED EQUITY FUND(WT)02,350+2,3500372,6630.11%+372,663
ISHARES RUSSELL 2000 VALUE ETF01,898+1,8980359,8420.11%+359,842
EXXON MOBIL CORP(XOM)5,5455,735+190667,285973,0000.29%+305,715
SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF120,237128,008+7,7713,271,6483,565,0161.08%+293,368
ISHARES S&P SMALL-CAP 600 VALUE ETF3,2305,496+2,266367,316651,0010.20%+283,685
CORNING INC(GLW)02,000+2,0000271,9400.08%+271,940
BLUE OWL CAP INC CLASS A(OBDC)029,006+29,0060264,8250.08%+264,825
ALTRIA GROUP INC(MO)03,683+3,6830243,2350.07%+243,235
ISHARES RUSSELL MID-CAP GROWTH ETF9,24211,643+2,4011,265,5561,491,7330.45%+226,177
ISHARES RUSSELL MID-CAP VALUE ETF2,2463,712+1,466316,798540,9870.16%+224,189
HOME DEPOT INC(HD)0675+6750222,0010.07%+222,001
AMRIZE LTD F(AMRZ)03,750+3,7500210,0750.06%+210,075
MERCK & CO. INC.(MRK)01,739+1,7390209,3100.06%+209,310
WEC ENERGY GROUP INC(WEC)01,806+1,8060209,0810.06%+209,081
VANGUARD DIVIDEND APPRECIATION INDEX FUND ETF SHARES13,36014,617+1,2572,936,2873,143,4460.95%+207,159
MASTERCARD INC CLASS CLASS A(MA)0411+4110205,4710.06%+205,471
SCHWAB INTERNATIONAL EQUITY ETF08,191+8,1910202,7330.06%+202,733
HONEYWELL INTL INC(HON)1,9922,602+610388,619588,1300.18%+199,511
JOHNSON & JOHNSON(JNJ)5,5925,530-621,157,2641,351,7530.41%+194,489
ERMENEGILDO ZEGNA N V F018,275+18,2750190,4260.06%+190,426
VANGUARD LARGE-CAP INDEXFUND ETF SHARES4,5095,376+8671,419,4331,606,6180.49%+187,185
ISHARES MSCI EAFE ETF10,21612,009+1,793981,0421,166,4610.35%+185,419
NUVEEN FLOATING RATE INC(JFR)023,402+23,4020175,9830.05%+175,983
ISHARES MSCI EMERGING MARKETS ETF34,87436,624+1,7501,907,9352,079,8550.63%+171,920
STATE STREET SPDR S&P 500 ETF TRUST(SPY)6,1956,759+5644,226,6644,398,3961.33%+171,732
AMERICAN ELEC PWR CO INC5,0755,652+577585,198740,8640.22%+155,666
SCHWAB U.S. DIVIDEND EQUITY ETF40,38140,920+5391,107,6431,255,4110.38%+147,768
ONEOK INC NEW(OKE)7,8807,8800579,180712,2730.22%+133,093
FIRST TRUST NORTH AMERICAN ENERGY INFRASTRUCTURE FUND19,34519,753+408732,595862,4160.26%+129,821
THE COCA-COLA CO(KO)16,38616,611+2251,145,5451,263,2670.38%+117,722
Terawulf Inc Com(WULF)10,52516,280+5,755120,932234,9200.07%+113,988
GE VERNOVA INC(GEV)511506-5333,974441,6870.13%+107,713
VANGUARD VALUE INDEX FUND ETF SHARES3,0313,453+422578,880677,4670.21%+98,587
VANGUARD HIGH DIVIDEND YIELD INDEX FUND ETF SHARES7,7788,193+4151,116,2991,213,3830.37%+97,084
ISHARES U.S. ENERGY ETF5,5005,5000261,415356,2350.11%+94,820
PHILLIPS 66(PSX)1,7381,7380224,272316,6290.10%+92,357
Rayonier Advanced Ma82,24551,422-30,823484,423569,2420.17%+84,819
CATERPILLAR INC(CAT)5355350306,485379,0260.11%+72,541
VANGUARD FTSE DEVELOPED MARKETS INDEX FUND ETF SHARES16,02316,749+7261,000,9571,073,2760.33%+72,319
WILLIAMS COS INC(WMB)4,6454,6450279,211338,0630.10%+58,852
MICROSOFT CORP(MSFT)4,2125,653+1,4412,036,9792,092,7350.63%+55,756
GOLDMAN SACHS GROUP INC(GS)1,4151,535+1201,243,7851,298,5950.39%+54,810
SERVE ROBOTICS INC16,42526,425+10,000170,492223,0270.07%+52,535
VIRTUS STONE HARBOR EMER010,000+10,000047,8000.01%+47,800
VANGUARD FTSE EMERGING MARKETS INDEX FUND ETF SHARES9,94810,720+772534,782579,3940.18%+44,612
ISHARES RUSSELL 2000 ETF4,4414,551+1101,093,1411,128,7160.34%+35,575
Achieve Life16,13034,995+18,86580,166102,8850.03%+22,719
VANGUARD TOTAL WORLD STOCK INDEX FUND ETF SHARES2,3642,539+175333,510351,2550.11%+17,745
PARKER-HANNIFIN CORP(PH)1,0351,0350909,724926,5730.28%+16,849
ISHARES MSCI ACWI EX U.S. ETF9,9599,9590668,548681,8930.21%+13,345
PPG INDS INC(PPG)5,1295,037-92525,517538,3550.16%+12,838
STATE STREET SPDR S&P BIOTECH ETF2,0002,0000243,860255,4600.08%+11,600
iShares Core MSCI Totl Intl STCK ETF4,9624,9620419,984429,9080.13%+9,924
SCHWAB U.S. MID-CAP ETF10,16910,176+7305,767315,0400.10%+9,273
XTRACKERS MSCI EAFE HEDGED EQUITY ETF6,3316,3310304,584312,7510.09%+8,167
CARIBOU BIOSCIENCES INC20,00020,000031,80038,0000.01%+6,200
ISHARES MICRO-CAP ETF3,1233,1230492,497498,4620.15%+5,965
TRIMAS CORP(TRS)11,50011,5000407,675413,3100.13%+5,635
MGM RESORTS INTL(MGM)5,7505,780+30209,818213,9190.06%+4,101
MAYS J W INC7,3267,3260292,600293,1130.09%+513
Ab Active Etfs Inc (international Low Volatility Equity Etf)6,0136,0130256,094256,5150.08%+421
VANGUARD MID-CAP INDEX FUND ETF SHARES808809+1234,446232,2880.07%-2,158
CYTODYN INC32,50025,000-7,5009,1006,8500.00%-2,250
INVESCO S&P 500 EQUAL WEIGHT ETF1,7051,683-22326,563322,9280.10%-3,635
DOCGO INC15,0000-15,00013,1670-13,167
GLOBAL X ARTIFICIAL INTELLIGENCE & TECHNOLOGY ETF4,8484,8480246,569226,2560.07%-20,313
JPMORGAN CHASE & CO(JPM)3,0713,293+222989,598968,5850.29%-21,013
WILLAMETTE VY VINEYARD I54,80054,8000167,140140,8360.04%-26,304
ILLUMINA INC(ILMN)3,5783,5780469,290441,0240.13%-28,266
SLR INVESTMENT CORP27,52027,5200425,459393,8110.12%-31,648
ARK GENOMIC REVOLUTION ETF13,04613,0460377,943344,6750.10%-33,268
SCHWAB U.S. BROAD MARKETETF33,12533,218+93868,864833,7760.25%-35,088
CHARLES SCHWAB CORP(SCHW)16,32316,923+6001,630,8311,590,4240.48%-40,407
TRAVELERS COS INC(TRV)1,005860-145291,378250,8450.08%-40,533
NETFLIX INC(NFLX)6,5255,939-586611,784571,0350.17%-40,749
NEW MTN FIN CORP29,68029,6800273,353230,3170.07%-43,036
VIRTUS STONE HARBOR EMG10,0000-10,00049,7000-49,700
BOOKING HLDGS INC FORWARD SPLIT WITH STOCK SPLIT SHARES(BKNG)48480257,056202,0950.06%-54,961
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