Next Capital Management
Next Capital Management reported 138 stocks worth $370M in its 13F filing for Q2 2026, filed Aug 3, 2026. Its largest holdings are IVV (14.7%), MFIC (5.2%) and OBDC (5.0%). Compared with Q1 2026, the fund opened new positions in AVGO, added to IVV, MFIC and OBDC, trimmed QQQ, VTI and AAPL and sold out of JPST, RYAM and ALAB.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  IVV Ishares TR | $54.3M | 14.7% | 72K | +1,867 (+3%) | 8 of 8 | |
| 2 |  MFIC Midcap Financial Invstmnt Corp Com New | $19.1M | 5.2% | 1.9M | +28K (+1%) | 8 of 8 | |
| 3 |  OBDC Blue Owl Capital Corporation | $18.5M | 5.0% | 1.7M | +270K (+19%) | 8 of 8 | |
| 4 |  IEFA Ishares TR | $17M | 4.6% | 176K | +16K (+10%) | 8 of 8 | |
| 5 |  QQQ Invesco Qqq TR | $14.7M | 4.0% | 20K | −61 (−0%) | 8 of 8 | |
| 6 |  IEMG Ishares Inc | $13.5M | 3.6% | 163K | +12K (+8%) | 8 of 8 | |
| 7 |  VTI Vanguard Total Stock Market ETF | $11.4M | 3.1% | 31K | −243 (−1%) | 8 of 8 | |
| 8 |  TCPC Blackrock Tcp Capital Corp C | $10.5M | 2.8% | 3.1M | +81K (+3%) | 8 of 8 | |
| 9 |  IWF Ishares TR | $10.5M | 2.8% | 84K | +63K (+295%) | 8 of 8 | |
| 10 |  META Meta Platforms Inc | $9.7M | 2.6% | 17K | +985 (+6%) | 8 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
 JPST J P Morgan Exchange Traded F | $1.1M | 22K |
HONEYWELL INTL INC | $588K | 2,602 |
 RYAM Rayonier Advanced Matls Inc | $569K | 51K |
 ALAB Astera Labs Inc | $568K | 5,182 |
 GLW Corning Inc | $272K | 2,000 |
🔒 Free account: see all 11.
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 3, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Next Capital Management 13F FAQ
What does Next Capital Management own?
Next Capital Management reported 138 stocks worth $370M in its 13F filing for Q2 2026, filed Aug 3, 2026. Its largest holdings are IVV (14.7%), MFIC (5.2%) and OBDC (5.0%). The table above lists every position in the filing (the top 10 without an account).
What did Next Capital Management buy and sell in Q2 2026?
Compared with Q1 2026: 15 new positions, 37 added to, 32 trimmed and 11 sold out. New positions include AVGO. It sold all of JPST, RYAM and ALAB.
When will Next Capital Management file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Next Capital Management's portfolio worth?
The Q2 2026 filing reports $370M in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.