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	1,058	200	SH		SOLE		0	0	200
ABBVIE INC	COM	00287Y109	243	1,500	SH		SOLE		0	0	1,500
ACTIVISION BLIZZARD	COM	00507V109	385	4,800	SH		SOLE		0	0	4,800
ADS TEC ENERGY PLC F	FGO	G0085J117	159	18,415	SH		SOLE		0	0	18,415
ALPHABET INC. CLASS A	COM	02079K305	545	196	SH		SOLE		0	0	196
ALPHABET INC. CLASS C	COM	02079K107	425	152	SH		SOLE		0	0	152
ALTRIA GROUP INC	COM	02209S103	239	4,576	SH		SOLE		0	0	4,576
AMAZON.COM INC	COM	023135106	929	285	SH		SOLE		0	0	285
APOLLO SENIOR FLOATING R	CEM	037636107	3,136	214,520	SH		SOLE		0	0	214,520
APPLE INC	COM	037833100	5,803	33,233	SH		SOLE		0	0	33,233
ARK GENOMIC REVOLUTION ETF	UIE	00214Q302	308	6,716	SH		SOLE		0	0	6,716
AVALONBAY CMNTYS INC REIT	RET	053484101	813	3,275	SH		SOLE		0	0	3,275
BERKSHIRE HATHAWAY CLASS B	COM	084670702	3,166	8,971	SH		SOLE		0	0	8,971
BlackRock Short Mat Bond ETF	ETF	46431W507	326	6,573	SH		SOLE		0	0	6,573
BLACKROCK TCP CAPITAL CO	COM	09259E108	727	50,858	SH		SOLE		0	0	50,858
BLACKSTONE INC	COM	09260D107	326	2,572	SH		SOLE		0	0	2,572
BLACKSTONE STRATEGIC CRE	CEM	09257R101	1,204	92,277	SH		SOLE		0	0	92,277
BROADMARK RLTY CAP INC	COM	11135B100	247	28,597	SH		SOLE		0	0	28,597
BROOKFIELD ASSET MGM FCLASS A	FGC	112585104	594	10,500	SH		SOLE		0	0	10,500
C S G SYSTEMS INTL	COM	126349109	1,164	18,318	SH		SOLE		0	0	18,318
CBIZ INC	COM	124805102	462	11,000	SH		SOLE		0	0	11,000
CHARLES SCHWAB US MC ETF	UIE	808524508	204	2,686	SH		SOLE		0	0	2,686
CINEDIGM CORP CLASS A	COM	172406209	11	13,083	SH		SOLE		0	0	13,083
CLOROX CO	COM	189054109	209	1,500	SH		SOLE		0	0	1,500
CLOUDFLARE INC CLASS A	COM	18915M107	284	2,370	SH		SOLE		0	0	2,370
COMCAST CORP CLASS A	COM	20030N101	641	13,690	SH		SOLE		0	0	13,690
DANAHER CORP	COM	235851102	634	2,160	SH		SOLE		0	0	2,160
DIR DAILY 7-10 YR TRSY BR 3X SHS ETF	UIE	25459W557	447	44,000	SH		SOLE		0	0	44,000
Ecolab Inc	COM	278865100	399	2,254	SH		SOLE		0	0	2,254
ERMENEGILDO ZEGNA N V F	FGO	N30577105	193	18,275	SH		SOLE		0	0	18,275
EXXON MOBIL CORP	COM	30231G102	1,016	12,303	SH		SOLE		0	0	12,303
FIRST TRUST NORTH AMERICAN EN ETF IV	UIE	33738D101	676	24,406	SH		SOLE		0	0	24,406
GOLUB CAPITAL BDC INC	COM	38173M102	3,693	242,782	SH		SOLE		0	0	242,782
GRAYSCALE BITCOIN TR BTC	CEM	389637109	591	19,352	SH		SOLE		0	0	19,352
GRAYSCALE ETHEREUM TR ET	CEM	389638107	367	13,609	SH		SOLE		0	0	13,609
HCA HEALTHCARE INC	COM	40412C101	251	1,000	SH		SOLE		0	0	1,000
HOME DEPOT INC	COM	437076102	574	1,917	SH		SOLE		0	0	1,917
INVESCO QQQ TRUST	UIE	46090E103	9,815	27,072	SH		SOLE		0	0	27,072
ISHARES CORE MSCI EMERGING ETF	UIE	46434G103	710	12,779	SH		SOLE		0	0	12,779
ISHARES CORE MSCI EAFE ETF	UIE	46432F842	1,761	25,336	SH		SOLE		0	0	25,336
ISHARES CORE S&P 500 ETF	UIE	464287200	16,366	36,073	SH		SOLE		0	0	36,073
ISHARES CORE S&P MID CAPETF	UIE	464287507	1,443	5,377	SH		SOLE		0	0	5,377
ISHARES CORE S&P SMALL CAP ETF IV	UIE	464287804	2,218	20,561	SH		SOLE		0	0	20,561
iShares High Yield Corporat Bond ETF	ETF	46434V407	211	4,794	SH		SOLE		0	0	4,794
ISHARES MICRO CAP ETF	UIE	464288869	402	3,123	SH		SOLE		0	0	3,123
ISHARES MSCI GLO GOLD MINERS ETF	UIE	46434G855	483	15,530	SH		SOLE		0	0	15,530
ISHARES RUSSELL 1000 ETF	UIE	464287622	1,296	5,181	SH		SOLE		0	0	5,181
ISHARES RUSSELL 1000 GROWTH ETF	UIE	464287614	575	2,073	SH		SOLE		0	0	2,073
ISHARES RUSSELL 1000 VALUE ETF	UIE	464287598	1,797	10,825	SH		SOLE		0	0	10,825
ISHARES RUSSELL 2000 ETF	UIE	464287655	619	3,017	SH		SOLE		0	0	3,017
ISHARES S&P 500 GROWTH ETF IV	UIE	464287309	1,041	13,623	SH		SOLE		0	0	13,623
ISHARES US ENERGY ETF	UIE	464287796	1,868	45,653	SH		SOLE		0	0	45,653
JOHNSON & JOHNSON	COM	478160104	373	2,105	SH		SOLE		0	0	2,105
JPMORGAN CHASE & CO	COM	46625H100	1,893	13,890	SH		SOLE		0	0	13,890
JPMORGAN ULTRA SHORT INCOME ETF	UIE	46641Q837	1,088	21,651	SH		SOLE		0	0	21,651
KKR & CO INC	COM	48251W104	1,022	17,483	SH		SOLE		0	0	17,483
LILLY ELI & CO	COM	532457108	566	1,975	SH		SOLE		0	0	1,975
MCDONALDS CORP	COM	580135101	939	3,797	SH		SOLE		0	0	3,797
MERCK & CO. INC.	COM	58933Y105	280	3,412	SH		SOLE		0	0	3,412
META PLATFORMS INC CLASS A	COM	30303M102	2,506	11,270	SH		SOLE		0	0	11,270
MGM RESORTS INTL	COM	552953101	241	5,750	SH		SOLE		0	0	5,750
MICROSOFT CORP	COM	594918104	847	2,747	SH		SOLE		0	0	2,747
MONDELEZ INTL CLASS A	COM	609207105	230	3,656	SH		SOLE		0	0	3,656
NETFLIX INC	COM	64110L106	284	757	SH		SOLE		0	0	757
NORTHROP GRUMMAN CORP	COM	666807102	357	798	SH		SOLE		0	0	798
NUVEEN AMT FREE MNCPL CR	CEM	67071L106	160	10,818	SH		SOLE		0	0	10,818
NUVEEN AMT FREE QUALITY	CEM	670657105	395	30,038	SH		SOLE		0	0	30,038
NUVEEN FLOATG RATE INCM	CEM	6706EN100	2,428	239,494	SH		SOLE		0	0	239,494
NUVEEN NEW YORK QLTY MNC	CEM	67066X107	500	39,784	SH		SOLE		0	0	39,784
NUVEEN NY AMT FREE QLT M	CEM	670656107	1,759	144,857	SH		SOLE		0	0	144,857
NUVEEN SENIOR INCOME CF	CEM	67067Y104	1,267	223,492	SH		SOLE		0	0	223,492
ONEOK INC	COM	682680103	397	5,620	SH		SOLE		0	0	5,620
OWL ROCK CAPITAL CORP	COM	69121K104	615	41,255	SH		SOLE		0	0	41,255
PACIRA BIOSCIENCES INC	COM	695127100	267	3,500	SH		SOLE		0	0	3,500
PARAMOUNT GLOBAL CLASS B	COM	92556H206	729	19,293	SH		SOLE		0	0	19,293
PARKER-HANNIFIN CORP	COM	701094104	284	1,000	SH		SOLE		0	0	1,000
PFIZER INC	COM	717081103	432	8,342	SH		SOLE		0	0	8,342
PHILIP MORRIS INTL	COM	718172109	650	6,924	SH		SOLE		0	0	6,924
PHILLIPS 66	COM	718546104	337	3,904	SH		SOLE		0	0	3,904
PIMCO Active Bond ETF	ETF	72201R775	508	4,987	SH		SOLE		0	0	4,987
PINTEREST INC CLASS A	COM	72352L106	206	8,370	SH		SOLE		0	0	8,370
PPG INDUSTRIES INC	COM	693506107	842	6,423	SH		SOLE		0	0	6,423
QUALCOMM INC	COM	747525103	458	3,000	SH		SOLE		0	0	3,000
READY CAP CORP	COM	75574U101	170	11,113	SH		SOLE		0	0	11,113
RIVERNORTH OPPORTUNITIES	CEM	76881Y109	418	26,179	SH		SOLE		0	0	26,179
SABA CAPITAL INCOME & OP	CEM	78518H103	2,575	569,580	SH		SOLE		0	0	569,580
SCHWAB US LARGE CAP ETF	UIE	808524201	3,474	64,514	SH		SOLE		0	0	64,514
SCHWAB US SMALL CAP ETF	UIE	808524607	2,735	57,748	SH		SOLE		0	0	57,748
SELECT SECTOR HEALTH CARE SPDR ETF	UIE	81369Y209	5,075	37,044	SH		SOLE		0	0	37,044
SELECT STR FINANCIAL SELECT S ETF IV	UIE	81369Y605	9,415	245,703	SH		SOLE		0	0	245,703
SIGNIFY HEALTH INC CLASS A	COM	82671G100	252	13,893	SH		SOLE		0	0	13,893
SLR INVESTMENT CORP	COM	83413U100	499	27,520	SH		SOLE		0	0	27,520
SPDR Doubleline TTL RTRN TTCL ETF	ETF	78467V848	424	9,470	SH		SOLE		0	0	9,470
SPDR Portfolio Mortgage Backed Bond ETF	ETF	78464A383	211	8,820	SH		SOLE		0	0	8,820
SPDR S&P 500 ETF	UIE	78462F103	328	727	SH		SOLE		0	0	727
SPOTIFY TECHNOLOGY F	FGO	L8681T102	227	1,500	SH		SOLE		0	0	1,500
TECHNOLOGY SELECT SECTORSPDR ETF	UIE	81369Y803	705	4,433	SH		SOLE		0	0	4,433
TELEFLEX INCORPORATE	COM	879369106	3,303	9,310	SH		SOLE		0	0	9,310
TESLA INC	COM	88160R101	3,716	3,448	SH		SOLE		0	0	3,448
TESLA INC 750 EXP 01/20/23	OEQ	88160R951	3,664	3,400	SH	Put	SOLE		0	0	3,400
THE COCA-COLA CO	COM	191216100	1,229	19,820	SH		SOLE		0	0	19,820
THYSSENKRUPP AG FSPONSORED ADR 1 ADR REPS 1 ORD SHS	ADR	88629Q207	172	20,000	SH		SOLE		0	0	20,000
TORTOISE ENERGY INFRASTR	CEM	89147L886	427	12,355	SH		SOLE		0	0	12,355
TRIMAS CORP	COM	896215209	369	11,500	SH		SOLE		0	0	11,500
VANGUARD FTSE DEVELOPED MARKETS ETF	UIE	921943858	363	7,567	SH		SOLE		0	0	7,567
VANGUARD FTSE EMERGING MARK ETF IV	UIE	922042858	503	10,894	SH		SOLE		0	0	10,894
Vanguard Intermediate Term Cor ETF	ETF	92206C870	240	2,794	SH		SOLE		0	0	2,794
VANGUARD LARGE CAP ETF	UIE	922908637	923	4,429	SH		SOLE		0	0	4,429
VANGUARD MID CAP GROWTH ETF IV	UIE	922908538	1,678	7,530	SH		SOLE		0	0	7,530
VANGUARD REAL ESTATE ETF IV	UIE	922908553	1,541	14,224	SH		SOLE		0	0	14,224
VANGUARD S&P 500 ETF	UIE	922908363	1,148	2,764	SH		SOLE		0	0	2,764
VANGUARD TOTAL STOCK MARKET ETF	UIE	922908769	4,216	18,518	SH		SOLE		0	0	18,518
VERIZON COMMUNICATN	COM	92343V104	305	5,989	SH		SOLE		0	0	5,989
WALMART INC	COM	931142103	948	6,369	SH		SOLE		0	0	6,369
WILLAMETTE VLY VINEY	COM	969136100	495	54,800	SH		SOLE		0	0	54,800
WILLIAMS COS INC	COM	969457100	246	7,361	SH		SOLE		0	0	7,361
XTRACKERS MSCI EAFE HDGDEQY ETF	UIE	233051200	239	6,331	SH		SOLE		0	0	6,331