Next Capital Management LLC Q4 2024 Filing

Filed February 11, 2025

Portfolio Value

$247.1B

Holdings

140

Report Date

Q4 2024

Filing Type

13F-HR

All Holdings (140 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	IVVISHARES CORE S&P 500 ETF IV	57,232	$33.7B	13.63%
2	NDQINVSC QQQ TRUST SRS 1 ETF	22,604	$11.6B	4.68%
3	AAPLAPPLE INC	44,546	$11.2B	4.51%
4	METAMETA PLATFORMS INC CLASS A	19,010	$11.1B	4.50%
5	AMZNAMAZON.COM INC	41,895	$9.2B	3.72%
6	GBDCGOLUB CAP BDC INC	583,876	$8.9B	3.58%
7	VTIVANGUARD TOTAL STOCK MARKET ETF	29,967	$8.7B	3.51%
8	AQLTISHARES CORE MSCI EAFE ETF	102,167	$7.2B	2.91%
9	IWFISHARES RUSSELL 1000 GROWTH ETF	17,645	$7.1B	2.87%
10	IVWISHARES S&P 500 GROWTH ETF	46,295	$4.7B	1.90%
11	VOOVANGUARD S&P 500 ETF	8,093	$4.4B	1.76%
12	IWBISHARES RUSSELL 1000 ETF	13,058	$4.2B	1.70%
13	XLVSELECT SECTOR HEALTH CARE SPDR ETF	29,800	$4.1B	1.66%
14	TSLATESLA INC	9,519	$3.8B	1.56%
15	IJRISHARES CORE S&P SMALL CAP ETF	33,232	$3.8B	1.55%
16	TSLAPUT TESLA INC 350 EXP 01/16/26	9,400	$3.8B	1.54%	Put
17	IWDISHARES RUSSELL 1000 VALUE ETF IV	20,105	$3.7B	1.51%
18	IEMGISHARES CORE MSCI EMERGING ETF	69,072	$3.6B	1.46%
19	BRK/BBERKSHIRE HATHAWAY CLASS B	7,740	$3.5B	1.42%
20	IJHISHARES CORE S&P MID CAPETF	55,967	$3.5B	1.41%
21	SCHXSCHWAB US LARGE CAP ETF	148,716	$3.4B	1.40%
22	SCHASCHWAB US SMALL CAP ETF	122,198	$3.2B	1.28%
23	SPYSPDR S&P 500 ETF IV	5,165	$3.0B	1.23%
24	VIGVANGUARD DIVIDEND APPRECIATION ETF	15,299	$3.0B	1.21%
25	VUGVANGUARD GROWTH ETF	6,308	$2.6B	1.05%
26	KKRKKR & CO INC	17,387	$2.6B	1.04%
27	MFICMIDCAP FINL INVESTMENT C	174,728	$2.4B	0.95%
28	VOTVANGUARD MID CAP GROWTH ETF	9,096	$2.3B	0.93%
29	JPSTJPMORGAN ULTRA SHORT INCOME ETF	43,763	$2.2B	0.89%
30	WMTWALMART INC	22,853	$2.1B	0.84%
31	TFXTELEFLEX INC	10,427	$1.9B	0.75%
32	MSFTMICROSOFT CORP	4,126	$1.7B	0.70%
33	VGTVANGUARD INFORMATION TECHNOLO ETF IV	2,755	$1.7B	0.69%
34	NVDANVIDIA CORP	12,495	$1.7B	0.68%
35	EEMISHARES MSCI EMERGING MARKETS ETF	38,484	$1.6B	0.65%
36	GOOGAlphabet Inc. Class C	7,862	$1.5B	0.61%
37	XLFSELECT STR FINANCIAL SELECT SPDR ETF	29,868	$1.4B	0.58%
38	KWEBKRANESHARES CSI CHINA INTERNET ETF	49,170	$1.4B	0.58%
39	BRK-B1/100 BERKSHIRE HTWY A CLASS A	200	$1.4B	0.55%
40	SCHWCHARLES SCHWAB CORP	18,342	$1.4B	0.55%
41	NFLXNETFLIX INC	1,473	$1.3B	0.53%
42	MCDMCDONALDS CORP	4,472	$1.3B	0.52%
43	FNDXSCHWAB FUNDMNTL US LARGECOM ETF	52,796	$1.3B	0.51%
44	AVBAVALONBAY CMNTYS INC REIT	5,650	$1.2B	0.50%
45	IUSVISHARES CORE S&P US VALUE ETF	13,195	$1.2B	0.49%
46	VVVANGUARD LARGE CAP ETF	4,472	$1.2B	0.49%
47	ECLECOLAB INC	4,863	$1.1B	0.46%
48	KOTHE COCA-COLA CO	17,656	$1.1B	0.44%
49	SPHQINVESCO S&P 500 QUALITY ETF	15,663	$1.0B	0.42%
50	SHYGISHARES HIGH YIELD CORPORAT BOND ETF	24,600	$1.0B	0.42%
51	QQQMINVESCO NASDAQ 100 ETF	4,928	$1.0B	0.42%
52	IWMISHARES RUSSELL 2000 ETF	4,515	$997.6M	0.40%
53	VYMVANGUARD HIGH DIVIDEND YIELD ETF	7,778	$992.4M	0.40%
54	GOOGLAlphabet Inc. Class A	5,082	$962.0M	0.39%
55	CBZCBIZ INC	11,000	$900.1M	0.36%
56	XLKTECHNOLOGY SELECT SECTORSPDR ETF IV	3,814	$886.8M	0.36%
57	JPMJPMORGAN CHASE & CO	3,670	$879.7M	0.36%
58	SCHDSCHWAB US DIVIDEND EQUITY ETF	32,106	$877.1M	0.35%
59	HDHOME DEPOT INC	2,233	$868.6M	0.35%
60	IWPISHARES RUSSELL MID CAP GROWTH ETF	6,717	$851.4M	0.34%
61	4I1PHILIP MORRIS INTL INC	7,038	$847.0M	0.34%
62	BRWSABA CAPITAL INCOME OPPO	110,322	$840.7M	0.34%
63	VEAVANGUARD FTSE DEVELOPED MARKETS ETF	16,729	$800.0M	0.32%
64	OKEONEOK INC NEW	7,880	$791.2M	0.32%
65	EFAISHARES MSCI EAFE ETF	9,366	$708.2M	0.29%
66	AEPAMERICAN ELEC PWR CO INC	7,620	$702.8M	0.28%
67	EMLPFIRST TRUST NORTH AMERICAN ENERG ETF	19,345	$689.6M	0.28%
68	LLYELI LILLY AND CO	885	$683.2M	0.28%
69	PHPARKER-HANNIFIN CORP	1,035	$658.3M	0.27%
70	BXBLACKSTONE INC	3,786	$652.9M	0.26%
71	XOMEXXON MOBIL CORP	5,844	$628.6M	0.25%
72	GSGOLDMAN SACHS GROUP INC	1,092	$625.3M	0.25%
73	PPGPPG INDS INC	5,204	$621.6M	0.25%
74	BNBROOKFIELD CORP FCLASS A	10,534	$605.2M	0.24%
75	OBDCBLUE OWL CAP CORP	39,363	$595.2M	0.24%
76	VVISA INC CLASS A	1,798	$568.4M	0.23%
77	VWOVANGUARD FTSE EMERGING MARK ETF IV	12,789	$563.2M	0.23%
78	OPPRIVERNORTH DOUBLLINE STR	63,859	$532.6M	0.22%
79	ACWXISHARES MSCI ACWI EX US ETF	9,959	$519.5M	0.21%
80	CMCSACOMCAST CORP NEW CLASS A	13,767	$516.7M	0.21%
81	JNJJOHNSON & JOHNSON	3,483	$503.7M	0.20%
82	CRMSALESFORCE INC	1,480	$495.0M	0.20%
83	QCOMQUALCOMM INC	3,116	$478.7M	0.19%
84	VOVANGUARD MID CAP ETF	1,763	$465.8M	0.19%
85	CSGSCSG SYS INTL INC	9,000	$460.0M	0.19%
86	PGPROCTER & GAMBLE CO	2,711	$454.5M	0.18%
87	BGXBLACKSTONE LONG SHORT CR	36,261	$451.1M	0.18%
88	SLRCSLR INVESTMENT CORP	27,520	$444.7M	0.18%
89	TCPCBLACKROCK TCP CAP CORP	50,858	$443.0M	0.18%
90	EPDENTERPRISE PRODS PART LP	13,993	$438.8M	0.18%
91	ABBVABBVIE INC	2,449	$435.2M	0.18%
92	VTVVANGUARD VALUE ETF	2,511	$425.1M	0.17%
93	TYGTORTOISE ENERGY INFRASTR	9,770	$410.3M	0.17%
94	MRKMERCK & CO. INC.	4,113	$409.2M	0.17%
95	IWCISHARES MICRO CAP ETF	3,123	$407.2M	0.16%
96	VBKVanguard Small Cap Growth ETF	1,434	$401.6M	0.16%
97	GDXVANECK GOLD MINERS ETF	11,752	$398.5M	0.16%
98	VNQVANGUARD REAL ESTATE ETF	4,460	$397.3M	0.16%
99	NOCNORTHROP GRUMMAN CORP	821	$385.3M	0.16%
100	SPOTSPOTIFY TECHNOLOGY S A F	860	$384.7M	0.16%

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