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

OMB APPROVAL

OMB Number:		3235-0006
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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	817	200	SH		SOLE		0	0	200
ABBVIE INC	COM	00287Y109	230	1,507	SH		SOLE		0	0	1,507
ACTIVISION BLIZZARD	COM	00507V109	374	4,814	SH		SOLE		0	0	4,814
ADS TEC ENERGY PLC F	FGO	G0085J117	122	18,415	SH		SOLE		0	0	18,415
ALPHABET INC. CLASS A	COM	02079K305	433	199	SH		SOLE		0	0	199
ALPHABET INC. CLASS C	COM	02079K107	341	156	SH		SOLE		0	0	156
AMAZON.COM INC	COM	023135106	1,533	14,440	SH		SOLE		0	0	14,440
APOLLO GLOBAL MANAGEMENT	COM	03769M106	776	16,019	SH		SOLE		0	0	16,019
APOLLO SENIOR FLOATING R	CEM	037636107	4,728	368,523	SH		SOLE		0	0	368,523
APPLE INC	COM	037833100	4,560	33,356	SH		SOLE		0	0	33,356
ARK GENOMIC REVOLUTION ETF	UIE	00214Q302	211	6,716	SH		SOLE		0	0	6,716
AVALONBAY CMNTYS INC REIT	RET	053484101	636	3,275	SH		SOLE		0	0	3,275
BERKSHIRE HATHAWAY CLASS B	COM	084670702	2,455	8,995	SH		SOLE		0	0	8,995
BlackRock Short Mat Bond ETF	ETF	46431W507	342	6,958	SH		SOLE		0	0	6,958
BLACKROCK TCP CAPITAL CO	COM	09259E108	637	50,858	SH		SOLE		0	0	50,858
BLACKSTONE INC	COM	09260D107	1,260	13,812	SH		SOLE		0	0	13,812
BLACKSTONE LONG SHORT CR	CEM	09257D102	2,640	229,604	SH		SOLE		0	0	229,604
BLACKSTONE MTG TR REIT	RET	09257W100	367	13,143	SH		SOLE		0	0	13,143
BLACKSTONE SECD LENDING	COM	09261X102	201	8,526	SH		SOLE		0	0	8,526
BLACKSTONE STRATEGIC CRE	CEM	09257R101	2,460	220,257	SH		SOLE		0	0	220,257
BROADMARK RLTY CAP INC	COM	11135B100	191	28,597	SH		SOLE		0	0	28,597
BROOKFIELD ASSET MGM FCLASS A	FGC	112585104	466	10,500	SH		SOLE		0	0	10,500
BRT APARTMENTS CORP	COM	055645303	152	7,110	SH		SOLE		0	0	7,110
C S G SYSTEMS INTL	COM	126349109	1,093	18,318	SH		SOLE		0	0	18,318
CBIZ INC	COM	124805102	439	11,000	SH		SOLE		0	0	11,000
CINEDIGM CORP CLASS A	COM	172406209	6	13,083	SH		SOLE		0	0	13,083
COMCAST CORP CLASS A	COM	20030N101	538	13,735	SH		SOLE		0	0	13,735
DANAHER CORP	COM	235851102	549	2,169	SH		SOLE		0	0	2,169
DIR DAILY 7-10 YR TRSY BR 3X SHS ETF	UIE	25459W557	676	59,000	SH		SOLE		0	0	59,000
DOUBLELINE INCOME SOLUTI	CEM	258622109	364	30,030	SH		SOLE		0	0	30,030
EATON VANCE FLOATING RAT	CEM	278279104	1,105	93,811	SH		SOLE		0	0	93,811
ECOLAB INC	COM	278865100	434	2,817	SH		SOLE		0	0	2,817
ERMENEGILDO ZEGNA N V F	FGO	N30577105	192	18,275	SH		SOLE		0	0	18,275
FIRST TRUST NORTH AMERICAN EN ETF IV	UIE	33738D101	622	24,193	SH		SOLE		0	0	24,193
GOLUB CAPITAL BDC INC	COM	38173M102	3,646	281,398	SH		SOLE		0	0	281,398
GRAYSCALE BITCOIN TR BTC	CEM	389637109	234	19,428	SH		SOLE		0	0	19,428
GRAYSCALE ETHEREUM TR ET	CEM	389638107	97	13,751	SH		SOLE		0	0	13,751
HOME DEPOT INC	COM	437076102	528	1,927	SH		SOLE		0	0	1,927
INVSC QQQ TRUST SRS 1 ETF	UIE	46090E103	7,971	28,440	SH		SOLE		0	0	28,440
ISHARES CORE MSCI EMERGING ETF	UIE	46434G103	627	12,782	SH		SOLE		0	0	12,782
ISHARES CORE MSCI EAFE ETF	UIE	46432F842	1,689	28,709	SH		SOLE		0	0	28,709
ISHARES CORE S&P 500 ETF	UIE	464287200	15,182	40,043	SH		SOLE		0	0	40,043
ISHARES CORE S&P MID CAPETF	UIE	464287507	1,327	5,866	SH		SOLE		0	0	5,866
ISHARES CORE S&P SMALL CAP ETF	UIE	464287804	1,953	21,141	SH		SOLE		0	0	21,141
iShares High Yield Corporat Bond ETF	ETF	46434V407	213	5,259	SH		SOLE		0	0	5,259
ISHARES MICRO CAP ETF	UIE	464288869	324	3,123	SH		SOLE		0	0	3,123
ISHARES MSCI GLO GOLD MINERS ETF	UIE	46434G855	338	15,530	SH		SOLE		0	0	15,530
ISHARES RUSSELL 1000 ETF	UIE	464287622	1,076	5,181	SH		SOLE		0	0	5,181
ISHARES RUSSELL 1000 GROWTH ETF	UIE	464287614	464	2,126	SH		SOLE		0	0	2,126
ISHARES RUSSELL 1000 VALUE ETF	UIE	464287598	1,688	11,649	SH		SOLE		0	0	11,649
ISHARES RUSSELL 2000 ETF	UIE	464287655	536	3,168	SH		SOLE		0	0	3,168
ISHARES S&P 500 GROWTH ETF	UIE	464287309	822	13,623	SH		SOLE		0	0	13,623
ISHARES US ENERGY ETF	UIE	464287796	209	5,500	SH		SOLE		0	0	5,500
JOHNSON & JOHNSON	COM	478160104	378	2,134	SH		SOLE		0	0	2,134
JPMORGAN CHASE & CO	COM	46625H100	1,567	13,916	SH		SOLE		0	0	13,916
JPMORGAN ULTRA SHORT INCOME ETF	UIE	46641Q837	1,476	29,473	SH		SOLE		0	0	29,473
JUSHI HLDGS INC FCLASS B	FGC	48213Y107	21	15,000	SH		SOLE		0	0	15,000
KKR & CO INC	COM	48251W104	810	17,503	SH		SOLE		0	0	17,503
LILLY ELI & CO	COM	532457108	642	1,981	SH		SOLE		0	0	1,981
MCDONALDS CORP	COM	580135101	939	3,806	SH		SOLE		0	0	3,806
MERCK & CO. INC.	COM	58933Y105	313	3,436	SH		SOLE		0	0	3,436
META PLATFORMS INC CLASS A	COM	30303M102	1,820	11,290	SH		SOLE		0	0	11,290
MICROSOFT CORP	COM	594918104	723	2,818	SH		SOLE		0	0	2,818
MONDELEZ INTL CLASS A	COM	609207105	227	3,656	SH		SOLE		0	0	3,656
NORTHROP GRUMMAN CORP	COM	666807102	383	801	SH		SOLE		0	0	801
NUVEEN AMT FREE MNCPL CR	CEM	67071L106	141	10,818	SH		SOLE		0	0	10,818
NUVEEN AMT FREE QUALITY	CEM	670657105	352	30,038	SH		SOLE		0	0	30,038
NUVEEN NEW YORK QLTY MNC	CEM	67066X107	722	61,565	SH		SOLE		0	0	61,565
NUVEEN NY AMT FREE QLT M	CEM	670656107	991	89,704	SH		SOLE		0	0	89,704
NUVEEN SENIOR INCOME CF	CEM	67067Y104	2,387	498,538	SH		SOLE		0	0	498,538
NUVEEN SHORT DURATION CR	CEM	67074X107	2,362	196,352	SH		SOLE		0	0	196,352
ONE LIBERTY PPTYS INC REIT	RET	682406103	1,017	39,171	SH		SOLE		0	0	39,171
ONEOK INC	COM	682680103	312	5,633	SH		SOLE		0	0	5,633
OWL ROCK CAPITAL CORP	COM	69121K104	2,195	176,877	SH		SOLE		0	0	176,877
PACIRA BIOSCIENCES INC	COM	695127100	204	3,503	SH		SOLE		0	0	3,503
PARAMOUNT GLOBAL CLASS B	COM	92556H206	476	19,326	SH		SOLE		0	0	19,326
PARKER-HANNIFIN CORP	COM	701094104	246	1,000	SH		SOLE		0	0	1,000
PFIZER INC	COM	717081103	440	8,401	SH		SOLE		0	0	8,401
PHILIP MORRIS INTL	COM	718172109	685	6,941	SH		SOLE		0	0	6,941
PHILLIPS 66	COM	718546104	320	3,904	SH		SOLE		0	0	3,904
PIMCO Active Bond ETF	ETF	72201R775	475	4,987	SH		SOLE		0	0	4,987
PPG INDUSTRIES INC	COM	693506107	666	5,831	SH		SOLE		0	0	5,831
PROSHARES SHORT HIGH YIELD ETF	UIE	74347R131	691	35,000	SH		SOLE		0	0	35,000
PUT TESLA INC 750 EXP 01/20/23	OEQ	88160R951	2,289	3,400	SH	Put	SOLE		0	0	3,400
QUALCOMM INC	COM	747525103	384	3,012	SH		SOLE		0	0	3,012
READY CAP CORP	COM	75574U101	134	11,113	SH		SOLE		0	0	11,113
RIVERNORTH DOUBLLINE STR	CEM	76882G107	354	32,556	SH		SOLE		0	0	32,556
SABA CAPITAL INCOME OPPO	CEM	78518H202	2,264	282,001	SH		SOLE		0	0	282,001
SCHWAB US LARGE CAP ETF	UIE	808524201	2,759	61,785	SH		SOLE		0	0	61,785
SCHWAB US SMALL CAP ETF	UIE	808524607	2,231	57,224	SH		SOLE		0	0	57,224
SELECT SECTOR HEALTH CARE SPDR ETF	UIE	81369Y209	5,153	40,184	SH		SOLE		0	0	40,184
SELECT STR FINANCIAL SELECT SPDR ETF	UIE	81369Y605	7,725	245,644	SH		SOLE		0	0	245,644
SIGNIFY HEALTH INC CLASS A	COM	82671G100	191	13,893	SH		SOLE		0	0	13,893
SLR INVESTMENT CORP	COM	83413U100	402	27,520	SH		SOLE		0	0	27,520
SPDR Doubleline TTL RTRN TTCL ETF	ETF	78467V848	428	10,155	SH		SOLE		0	0	10,155
SPDR Portfolio Mortgage Backed Bond ETF	ETF	78464A383	230	10,095	SH		SOLE		0	0	10,095
SPDR S&P 500 ETF	UIE	78462F103	309	820	SH		SOLE		0	0	820
TECHNOLOGY SELECT SECTORSPDR ETF	UIE	81369Y803	563	4,433	SH		SOLE		0	0	4,433
TELEFLEX INCORPORATE	COM	879369106	2,305	9,312	SH		SOLE		0	0	9,312
TESLA INC	COM	88160R101	2,325	3,454	SH		SOLE		0	0	3,454
THE COCA-COLA CO	COM	191216100	1,249	19,859	SH		SOLE		0	0	19,859
TORTOISE ENERGY INFRASTR	CEM	89147L886	365	12,355	SH		SOLE		0	0	12,355
TRIMAS CORP	COM	896215209	318	11,500	SH		SOLE		0	0	11,500
VANGUARD FTSE DEVELOPED MARKETS ETF	UIE	921943858	334	8,193	SH		SOLE		0	0	8,193
VANGUARD FTSE EMERGING MARKETS ETF	UIE	922042858	474	11,387	SH		SOLE		0	0	11,387
Vanguard Intermediate Term Cor ETF	ETF	92206C870	242	3,031	SH		SOLE		0	0	3,031
VANGUARD LARGE CAP ETF	UIE	922908637	763	4,429	SH		SOLE		0	0	4,429
VANGUARD MID CAP GROWTH ETF	UIE	922908538	1,320	7,530	SH		SOLE		0	0	7,530
VANGUARD REAL ESTATE ETF	UIE	922908553	1,295	14,224	SH		SOLE		0	0	14,224
VANGUARD S&P 500 ETF	UIE	922908363	1,072	3,093	SH		SOLE		0	0	3,093
VANGUARD TOTAL STOCK MARKET ETF	UIE	922908769	3,492	18,518	SH		SOLE		0	0	18,518
VERIZON COMMUNICATN	COM	92343V104	227	4,489	SH		SOLE		0	0	4,489
WALMART INC	COM	931142103	776	6,384	SH		SOLE		0	0	6,384
WILLAMETTE VLY VINEY	COM	969136100	343	54,800	SH		SOLE		0	0	54,800
WILLIAMS COS INC	COM	969457100	229	7,361	SH		SOLE		0	0	7,361
XTRACKERS MSCI EAFE HEDGED EQUITY ET	UIE	233051200	220	6,331	SH		SOLE		0	0	6,331