§ 13F · FUND PROFILE
Next Capital Management LLC.
Institutional filer · behavioral pattern: Other. Summary pending.
AUM · $270.6T (13F)Positions · 137Turnover · — · Q4Filed · Feb 11, 2026
CONCENTRATION
—
Top 10 holdings
NEW BUYS
0
+$2.9T deployed
EXITS
0
No exits
SECTOR SHIFT
—
No prior quarter data
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 11, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | IVV | ISHARES CORE S&P 500 ETF | 70K | $47.8T | 15.3% | +2% |
| 2 | MFIC | MIDCAP FINL INVESTME | 1.48M | $17.0T | 5.4% | +11% |
| 3 | TCPC | BLACKROCK TCP CAP CORP | 2.68M | $14.7T | 4.7% | +12% |
| 4 | QQQ | INVSC QQQ TRUST SRS 1 ETF | 21K | $13.2T | 4.2% | +2% |
| 5 | IEFA | ISHARES CORE MSCI EAFE ETF | 146K | $13.1T | 4.2% | +9% |
| 6 | META | META PLATFORMS INC CLASS A | 17K | $11.0T | 3.5% | −1% |
| 7 | AMZN | AMAZON.COM INC | 45K | $10.4T | 3.3% | −3% |
| 8 | IWF | ISHARES RUSSELL 1000 GROWTH ETF | 21K | $10.2T | 3.3% | +12% |
| 9 | VTI | VANGUARD TOTAL STOCK MARKET ETF | 30K | $10.1T | 3.2% | +11% |
| 10 | IEMG | iShares Core MSCI Emerging ETF | 142K | $9.6T | 3.1% | +33% |
§ 02 · SECTOR ALLOCATION
Where the money is
Sector data pending
§ 03 · THE NEXT SIGNAL
AC read
Next Capital Management LLC is a Other fund managing $270616.3 trillion in assets. The fund runs a portfolio of 137 positions.
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Steady book
+0 buys · −0 exits · 0 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q2 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed