Next Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
1/100 BERKSHIRE HTWY CLA100 SHS=1 WHOLE SH BRK A	COM	084990175	823	200	SH		SOLE		0	0	200
ACTIVISION BLIZZARD	COM	00507V109	499	6,450	SH		SOLE		0	0	6,450
ALPHABET INC. CLASS A	COM	02079K305	524	196	SH		SOLE		0	0	196
ALPHABET INC. CLASS C	COM	02079K107	392	147	SH		SOLE		0	0	147
AMAZON.COM INC	COM	023135106	1,166	355	SH		SOLE		0	0	355
APOLLO SENIOR FLOATING R	CEM	037636107	4,850	306,946	SH		SOLE		0	0	306,946
APPLE INC	COM	037833100	5,521	39,019	SH		SOLE		0	0	39,019
AVALONBAY CMNTYS INC REIT	RET	053484101	922	4,160	SH		SOLE		0	0	4,160
BERKSHIRE HATHAWAY CLASS B	COM	084670702	2,377	8,708	SH		SOLE		0	0	8,708
BLACKROCK FLOAT RATE INC	CEM	09255X100	2,091	156,530	SH		SOLE		0	0	156,530
BlackRock Short Mat Bond ETF	ETF	46431W507	330	6,573	SH		SOLE		0	0	6,573
BLACKSTONE INC	COM	09260D107	585	5,029	SH		SOLE		0	0	5,029
BLACKSTONE MTG TR REIT	RET	09257W100	298	9,723	SH		SOLE		0	0	9,723
BLACKSTONE STRATEGIC CRE	CEM	09257R101	1,378	99,496	SH		SOLE		0	0	99,496
BROADMARK RLTY CAP INC	COM	11135B100	282	28,597	SH		SOLE		0	0	28,597
C S G SYSTEMS INTL	COM	126349109	289	6,000	SH		SOLE		0	0	6,000
CHARLES SCHWAB US MC ETF	UIE	808524508	280	3,649	SH		SOLE		0	0	3,649
CINEDIGM CORP CLASS A	COM	172406209	33	13,083	SH		SOLE		0	0	13,083
CLOROX CO	COM	189054109	248	1,500	SH		SOLE		0	0	1,500
CLOUDFLARE INC CLASS A	COM	18915M107	214	1,900	SH		SOLE		0	0	1,900
COMCAST CORP CLASS A	COM	20030N101	659	11,780	SH		SOLE		0	0	11,780
CYTODYN INC	COM	23283M101	74	37,500	SH		SOLE		0	0	37,500
DANAHER CORP	COM	235851102	658	2,160	SH		SOLE		0	0	2,160
Ecolab Inc	COM	278865100	471	2,254	SH		SOLE		0	0	2,254
EUROPEAN SUSTAINABLE UTS EXP	UNI	G3194F125	193	18,415	SH		SOLE		0	0	18,415
EXXON MOBIL CORP	COM	30231G102	1,179	20,039	SH		SOLE		0	0	20,039
FACEBOOK INC CLASS A	COM	30303M102	3,733	11,000	SH		SOLE		0	0	11,000
FIRST TRUST NORTH AMERICAN EN ETF IV	UIE	33738D101	746	31,501	SH		SOLE		0	0	31,501
GOLUB CAPITAL BDC INC	COM	38173M102	3,495	221,041	SH		SOLE		0	0	221,041
GRAYSCALE BITCOIN TR BTC	CEM	389637109	312	9,223	SH		SOLE		0	0	9,223
GRAYSCALE ETHEREUM COM U	CEM	389638107	381	13,421	SH		SOLE		0	0	13,421
HCA HEALTHCARE INC	COM	40412C101	728	3,000	SH		SOLE		0	0	3,000
INTUIT INC	COM	461202103	270	500	SH		SOLE		0	0	500
INVESCO QQQ TRUST	UIE	46090E103	8,830	24,667	SH		SOLE		0	0	24,667
ISHARES CORE MSCI EMERGING ETF	UIE	46434G103	578	9,365	SH		SOLE		0	0	9,365
ISHARES CORE MSCI EAFE ETF	UIE	46432F842	1,630	21,946	SH		SOLE		0	0	21,946
ISHARES CORE S&P 500 ETF	UIE	464287200	14,027	32,558	SH		SOLE		0	0	32,558
ISHARES CORE S&P MID CAPETF IV	UIE	464287507	1,282	4,873	SH		SOLE		0	0	4,873
ISHARES CORE S&P SMALL CAP ETF IV	UIE	464287804	2,215	20,284	SH		SOLE		0	0	20,284
iShares High Yield Corporat Bond ETF	ETF	46434V407	219	4,794	SH		SOLE		0	0	4,794
ISHARES MICRO CAP ETF IV	UIE	464288869	451	3,123	SH		SOLE		0	0	3,123
iShares PFD & Income Securities ETF	ETF	464288687	230	5,917	SH		SOLE		0	0	5,917
ISHARES RUSSELL 1000 ETF IV	UIE	464287622	1,235	5,109	SH		SOLE		0	0	5,109
ISHARES RUSSELL 1000 GROWTH ETF IV	UIE	464287614	610	2,225	SH		SOLE		0	0	2,225
ISHARES RUSSELL 1000 VALUE ETF IV	UIE	464287598	1,418	9,059	SH		SOLE		0	0	9,059
ISHARES RUSSELL 2000 ETF	UIE	464287655	625	2,858	SH		SOLE		0	0	2,858
ISHARES S&P 500 GROWTH ETF IV	UIE	464287309	1,024	13,855	SH		SOLE		0	0	13,855
ISHARES US ENERGY ETF IV	UIE	464287796	1,290	45,653	SH		SOLE		0	0	45,653
JOHNSON & JOHNSON	COM	478160104	350	2,165	SH		SOLE		0	0	2,165
JPMORGAN CHASE & CO	COM	46625H100	2,856	17,445	SH		SOLE		0	0	17,445
JPMORGAN ULTRA SHORT INCOME ETF	UIE	46641Q837	1,299	25,605	SH		SOLE		0	0	25,605
JUSHI HLDGS INC FCLASS B	FGC	48213Y107	106	25,000	SH		SOLE		0	0	25,000
KKR & CO INC	COM	48251W104	1,064	17,483	SH		SOLE		0	0	17,483
LILLY ELI & CO	COM	532457108	456	1,975	SH		SOLE		0	0	1,975
MERCK & CO. INC.	COM	58933Y105	256	3,412	SH		SOLE		0	0	3,412
MGM RESORTS INTL	COM	552953101	248	5,750	SH		SOLE		0	0	5,750
MICROSOFT CORP	COM	594918104	915	3,247	SH		SOLE		0	0	3,247
MIMEDX GROUP INC	COM	602496101	428	70,619	SH		SOLE		0	0	70,619
NETFLIX INC	COM	64110L106	228	373	SH		SOLE		0	0	373
NUVEEN AMT FREE MNCPL CR	CEM	67071L106	186	10,818	SH		SOLE		0	0	10,818
NUVEEN AMT FREE QUALITY	CEM	670657105	456	30,038	SH		SOLE		0	0	30,038
NUVEEN FLOATG RATE INCM	CEM	6706EN100	3,016	302,016	SH		SOLE		0	0	302,016
NUVEEN FLOATING RATE INC	CEM	67072T108	2,711	269,183	SH		SOLE		0	0	269,183
NUVEEN NEW YORK QLTY MNC	CEM	67066X107	586	39,784	SH		SOLE		0	0	39,784
NUVEEN NY AMT FREE QLT M	CEM	670656107	2,003	144,857	SH		SOLE		0	0	144,857
NUVEEN SENIOR INCOME CF	CEM	67067Y104	2,035	347,443	SH		SOLE		0	0	347,443
NUVEEN SHORT DURATION CR	CEM	67074X107	1,956	129,538	SH		SOLE		0	0	129,538
ONEOK INC	COM	682680103	326	5,620	SH		SOLE		0	0	5,620
PARKER-HANNIFIN CORP	COM	701094104	280	1,000	SH		SOLE		0	0	1,000
PIMCO ACTIVE BOND ETF IV	UIE	72201R775	1,011	9,148	SH		SOLE		0	0	9,148
PINTEREST INC CLASS A	COM	72352L106	426	8,370	SH		SOLE		0	0	8,370
PROSHARES SHORT S&P500	UIE	74347B425	328	21,535	SH		SOLE		0	0	21,535
QUALCOMM INC	COM	747525103	387	3,000	SH		SOLE		0	0	3,000
RREEF PROPERTY TRUST INC CLASS I	RET	74972X205	338	21,429	SH		SOLE		0	0	21,429
SABA CAPITAL INCOME & OP	CEM	78518H103	2,438	535,853	SH		SOLE		0	0	535,853
SCHWAB US LARGE CAP ETF	UIE	808524201	3,648	35,065	SH		SOLE		0	0	35,065
SCHWAB US SMALL CAP ETF	UIE	808524607	2,702	26,990	SH		SOLE		0	0	26,990
SELECT SECTOR HEALTH CARE SPD ETF IV	UIE	81369Y209	4,142	32,541	SH		SOLE		0	0	32,541
SELECT STR FINANCIAL SELECT S ETF IV	UIE	81369Y605	8,057	214,692	SH		SOLE		0	0	214,692
SIGNIFY HEALTH INC	COM	82671G100	354	19,793	SH		SOLE		0	0	19,793
SLR INVESTMENT CORP	COM	83413U100	526	27,520	SH		SOLE		0	0	27,520
SPDR DOUBLELINE TTL RTRNTTCL ETF	UIE	78467V848	632	13,080	SH		SOLE		0	0	13,080
SPDR Portfolio Mortgage Backed Bond ETF	ETF	78464A383	227	8,820	SH		SOLE		0	0	8,820
SPDR S&P 500 ETF	UIE	78462F103	576	1,342	SH		SOLE		0	0	1,342
SPOTIFY TECHNOLOGY F	FGO	L8681T102	338	1,500	SH		SOLE		0	0	1,500
SQUARE INC CLASS A	COM	852234103	793	3,305	SH		SOLE		0	0	3,305
TECHNOLOGY SELECT SECTORSPDR ETF IV	UIE	81369Y803	662	4,433	SH		SOLE		0	0	4,433
TELEFLEX INCORPORATE	COM	879369106	2,967	7,880	SH		SOLE		0	0	7,880
THE COCA-COLA CO	COM	191216100	916	17,450	SH		SOLE		0	0	17,450
THYSSENKRUPP AG FSPONSORED ADR 1 ADR REPS 1 ORD SHS	ADR	88629Q207	211	20,000	SH		SOLE		0	0	20,000
TORTOISE ENERGY INFRA CO	CEM	89147L886	335	12,355	SH		SOLE		0	0	12,355
TORTOISE NORTH AMERICAN PIPELINE FUND	UIE	56167N720	299	13,708	SH		SOLE		0	0	13,708
VANGUARD FTSE DEVELOPED MKTS ETF IV	UIE	921943858	382	7,567	SH		SOLE		0	0	7,567
VANGUARD FTSE EMERGING MARK ETF IV	UIE	922042858	545	10,894	SH		SOLE		0	0	10,894
Vanguard Intermediate Term Cor ETF	ETF	92206C870	264	2,794	SH		SOLE		0	0	2,794
VANGUARD LARGE CAP ETF IV	UIE	922908637	890	4,429	SH		SOLE		0	0	4,429
VANGUARD MID CAP GROWTH ETF IV	UIE	922908538	1,779	7,530	SH		SOLE		0	0	7,530
VANGUARD REAL ESTATE ETF IV	UIE	922908553	1,448	14,224	SH		SOLE		0	0	14,224
VANGUARD S&P 500 ETF	UIE	922908363	1,054	2,673	SH		SOLE		0	0	2,673
VANGUARD TOTAL STOCK MARKET E ETF IV	UIE	922908769	4,099	18,459	SH		SOLE		0	0	18,459
VIACOMCBS INC CLASS B	COM	92556H206	582	14,718	SH		SOLE		0	0	14,718
WILLAMETTE VLY VINEY	COM	969136100	697	54,800	SH		SOLE		0	0	54,800
XTRACKERS MSCI EAFE HDGDEQY ETF	UIE	233051200	239	6,331	SH		SOLE		0	0	6,331