Next Capital Management LLC
Next Capital Management LLC is an SEC-registered investment adviser headquartered in New York City, NY. Founded in Delaware, the firm primarily serves high net worth individuals, charitable organizations, pension plans, corporations, and other U.S. clients. As of April 2025, it manages approximately $1.78 billion in assets and employs around 20 people, including investment managers and brokers. It is known for tailoring wealth management solutions and portfolio strategies to a diverse affluent clientele.
Investment Strategy
Next Capital Management LLC employs a diversified investment approach focusing on portfolio management for high net worth individuals and a mix of other institutions, including charities and pension plans. The firm maintains a broad allocation across equities—frequently rotating top positions among major U.S. stocks, including Amazon, Apple, Meta, and Microsoft—and actively adjusts holdings in response to changing market conditions. The strategy emphasizes long-term capital appreciation through selection of growth and value equities, ETFs, and opportunistic positions, demonstrating flexibility in adding and reducing exposure to various market sectors based on client objectives and risk tolerance.
Latest 13F Filing Activity
Next Capital Management LLC filed their most recent 13F report on Jun 30, 2025 disclosing 135 equity positions with a total 13F market value of $271M. The fund increased holdings in Blackrock TCP Cap Corp., Midcap Finl Investme, Ishares Core S&P 500 Etf among other positions. Next Capital Management LLC reduced exposure to Golub Cap BDC Inc., Ishares High Yield Corporat Bond Etf, JPMorgan Ultra Short Income Etf among others.
Top Holdings
Equity Positions (135)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
I IVV | ISHARES CORE S&P 500 ETF | 14.72% | $39.8M | 64,149 | $399.83 | $620.90 | +$6.9M |
M META | META PLATFORMS INC CLASS A | 4.54% | $12.3M | 16,657 | $199.97 | $738.09 | +$2.7M |
Q QQQ | INVESCO QQQ TRUST | 4.44% | $12.0M | 21,800 | $271.49 | $551.64 | +$1.8M |
I IEFA | ISHARES CORE MSCI EAFE ETF | 3.59% | $9.7M | 116,335 | $68.72 | $83.48 | +$1.8M |
A AMZN | AMAZON.COM INC | 3.56% | $9.6M | 43,967 | $126.68 | $219.39 | +$2.2M |
Industry Allocation
Investment Team (4)
| Name | Role | Location | |
|---|---|---|---|
R Ross Levin | Partner | New York, NY , United States | |
 | Chief Investment Officer | West Windsor Township, NJ , United States | |
 | Analyst | New York, NY , United States | |
 | Analyst | San Francisco, CA , United States |