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	813	200	SH		SOLE		0	0	200
ABBVIE INC	COM	00287Y109	227	1,693	SH		SOLE		0	0	1,693
ACTIVISION BLIZZARD	COM	00507V109	358	4,814	SH		SOLE		0	0	4,814
ADS TEC ENERGY PLC F	FGO	G0085J117	96	12,915	SH		SOLE		0	0	12,915
ALPHABET INC. CLASS A	COM	02079K305	402	4,200	SH		SOLE		0	0	4,200
ALPHABET INC. CLASS C	COM	02079K107	306	3,180	SH		SOLE		0	0	3,180
AMAZON.COM INC	COM	023135106	1,641	14,520	SH		SOLE		0	0	14,520
AMERN TOWER CORP REIT	RET	03027X100	216	1,006	SH		SOLE		0	0	1,006
APOLLO GLOBAL MANAGEMENT	COM	03769M106	745	16,019	SH		SOLE		0	0	16,019
APOLLO SENIOR FLOATING R	CEM	037636107	4,782	382,252	SH		SOLE		0	0	382,252
APPLE INC	COM	037833100	4,628	33,490	SH		SOLE		0	0	33,490
ARK GENOMIC REVOLUTION ETF	UIE	00214Q302	221	6,716	SH		SOLE		0	0	6,716
AVALONBAY CMNTYS INC REIT	RET	053484101	603	3,275	SH		SOLE		0	0	3,275
BERKSHIRE HATHAWAY CLASS B	COM	084670702	2,658	9,956	SH		SOLE		0	0	9,956
BlackRock Short Mat Bond ETF	ETF	46431W507	343	6,958	SH		SOLE		0	0	6,958
BLACKROCK TCP CAPITAL CO	COM	09259E108	556	50,858	SH		SOLE		0	0	50,858
BLACKSTONE INC	COM	09260D107	1,158	13,841	SH		SOLE		0	0	13,841
BLACKSTONE LONG SHORT CR	CEM	09257D102	2,798	256,717	SH		SOLE		0	0	256,717
BLACKSTONE SECD LENDING	COM	09261X102	428	18,810	SH		SOLE		0	0	18,810
BLACKSTONE STRATEGIC CRE	CEM	09257R101	2,350	221,069	SH		SOLE		0	0	221,069
BP PLC FSPONSORED ADR 1 ADR REPS 6 ORD SHS	ADR	055622104	220	7,690	SH		SOLE		0	0	7,690
BROADMARK RLTY CAP INC	COM	11135B100	146	28,597	SH		SOLE		0	0	28,597
BROOKFIELD ASSET MGM FCLASS A	FGC	112585104	429	10,500	SH		SOLE		0	0	10,500
C S G SYSTEMS INTL	COM	126349109	969	18,330	SH		SOLE		0	0	18,330
CBIZ INC	COM	124805102	471	11,000	SH		SOLE		0	0	11,000
CELANESE CORP	COM	150870103	318	3,518	SH		SOLE		0	0	3,518
CINEDIGM CORP CLASS A	COM	172406209	5	13,083	SH		SOLE		0	0	13,083
COMCAST CORP CLASS A	COM	20030N101	403	13,735	SH		SOLE		0	0	13,735
DANAHER CORP	COM	235851102	587	2,273	SH		SOLE		0	0	2,273
E2OPEN PARENT HLDGS INC CLASS A	COM	29788T103	147	24,295	SH		SOLE		0	0	24,295
EATON VANCE FLOATING RAT	CEM	278279104	833	73,319	SH		SOLE		0	0	73,319
ECOLAB INC	COM	278865100	326	2,250	SH		SOLE		0	0	2,250
ERMENEGILDO ZEGNA N V F	FGO	N30577105	196	18,275	SH		SOLE		0	0	18,275
FIRST TRUST NORTH AMERICAN EN ETF IV	UIE	33738D101	601	24,168	SH		SOLE		0	0	24,168
GOLUB CAPITAL BDC INC	COM	38173M102	4,637	374,246	SH		SOLE		0	0	374,246
GRAYSCALE BITCOIN TR BTC	CEM	389637109	222	19,428	SH		SOLE		0	0	19,428
GRAYSCALE ETHEREUM TR ET	CEM	389638107	125	13,751	SH		SOLE		0	0	13,751
HOME DEPOT INC	COM	437076102	532	1,927	SH		SOLE		0	0	1,927
INVSC QQQ TRUST SRS 1 ETF	UIE	46090E103	7,430	27,801	SH		SOLE		0	0	27,801
ISHARES CORE MSCI EMERGING ETF	UIE	46434G103	580	13,505	SH		SOLE		0	0	13,505
ISHARES CORE MSCI EAFE ETF	UIE	46432F842	1,698	32,231	SH		SOLE		0	0	32,231
ISHARES CORE S&P 500 ETF	UIE	464287200	15,058	41,986	SH		SOLE		0	0	41,986
ISHARES CORE S&P MID-CAPETF	UIE	464287507	1,453	6,625	SH		SOLE		0	0	6,625
ISHARES CORE S&P SMALL CAP ETF	UIE	464287804	2,050	23,507	SH		SOLE		0	0	23,507
ISHARES HIGH YIELD CORPORAT BOND ETF	UIE	46434V407	554	13,871	SH		SOLE		0	0	13,871
ISHARES MICRO CAP ETF	UIE	464288869	323	3,123	SH		SOLE		0	0	3,123
ISHARES MSCI GLO GOLD MINERS ETF	UIE	46434G855	291	15,530	SH		SOLE		0	0	15,530
ISHARES RUSSELL 1000 ETF	UIE	464287622	1,022	5,181	SH		SOLE		0	0	5,181
ISHARES RUSSELL 1000 GROWTH ETF	UIE	464287614	525	2,494	SH		SOLE		0	0	2,494
ISHARES RUSSELL 1000 VALUE ETF	UIE	464287598	1,736	12,764	SH		SOLE		0	0	12,764
ISHARES RUSSELL 2000 ETF	UIE	464287655	522	3,168	SH		SOLE		0	0	3,168
ISHARES S&P 500 GROWTH ETF	UIE	464287309	990	17,110	SH		SOLE		0	0	17,110
ISHARES US ENERGY ETF	UIE	464287796	216	5,500	SH		SOLE		0	0	5,500
JOHNSON & JOHNSON	COM	478160104	283	1,734	SH		SOLE		0	0	1,734
JPMORGAN CHASE & CO	COM	46625H100	1,461	13,981	SH		SOLE		0	0	13,981
JPMORGAN ULTRA SHORT INCOME ETF	UIE	46641Q837	1,790	35,684	SH		SOLE		0	0	35,684
JUSHI HLDGS INC FCLASS B	FGC	48213Y107	18	15,000	SH		SOLE		0	0	15,000
KKR & CO INC	COM	48251W104	753	17,503	SH		SOLE		0	0	17,503
LILLY ELI & CO	COM	532457108	673	2,081	SH		SOLE		0	0	2,081
MCDONALDS CORP	COM	580135101	887	3,846	SH		SOLE		0	0	3,846
MERCK & CO. INC.	COM	58933Y105	317	3,680	SH		SOLE		0	0	3,680
META PLATFORMS INC CLASS A	COM	30303M102	1,537	11,330	SH		SOLE		0	0	11,330
MICROSOFT CORP	COM	594918104	727	3,120	SH		SOLE		0	0	3,120
MONDELEZ INTL CLASS A	COM	609207105	204	3,728	SH		SOLE		0	0	3,728
NORTHROP GRUMMAN CORP	COM	666807102	390	829	SH		SOLE		0	0	829
NUVEEN AMT FREE MNCPL CR	CEM	67071L106	126	10,818	SH		SOLE		0	0	10,818
NUVEEN AMT FREE QUALITY	CEM	670657105	318	30,038	SH		SOLE		0	0	30,038
NUVEEN NEW YORK QLTY MNC	CEM	67066X107	645	61,565	SH		SOLE		0	0	61,565
NUVEEN NY AMT FREE QLT M	CEM	670656107	881	89,704	SH		SOLE		0	0	89,704
NUVEEN SENIOR INCOME CF	CEM	67067Y104	2,378	508,628	SH		SOLE		0	0	508,628
NUVEEN SHORT DURATION CR	CEM	67074X107	2,541	214,567	SH		SOLE		0	0	214,567
ONEOK INC	COM	682680103	291	5,683	SH		SOLE		0	0	5,683
OWL ROCK CAPITAL CORP	COM	69121K104	3,342	320,877	SH		SOLE		0	0	320,877
PARAMOUNT GLOBAL CLASS B	COM	92556H206	326	17,118	SH		SOLE		0	0	17,118
PARKER-HANNIFIN CORP	COM	701094104	242	1,000	SH		SOLE		0	0	1,000
PFIZER INC	COM	717081103	383	8,761	SH		SOLE		0	0	8,761
PHILIP MORRIS INTL	COM	718172109	576	6,941	SH		SOLE		0	0	6,941
PHILLIPS 66	COM	718546104	315	3,904	SH		SOLE		0	0	3,904
PIMCO Active Bond ETF	ETF	72201R775	447	4,987	SH		SOLE		0	0	4,987
PPG INDUSTRIES INC	COM	693506107	601	5,431	SH		SOLE		0	0	5,431
PUT TESLA INC 250 EXP 01/20/23	OEQ	0NONUMBER	291	10,200	SH		SOLE		0	0	10,200
QUALCOMM INC	COM	747525103	340	3,012	SH		SOLE		0	0	3,012
READY CAP CORP	COM	75574U101	117	11,113	SH		SOLE		0	0	11,113
RIVERNORTH DOUBLLINE STR	CEM	76882G107	300	32,556	SH		SOLE		0	0	32,556
SABA CAPITAL INCOME OPPO	CEM	78518H202	2,232	282,167	SH		SOLE		0	0	282,167
SCHWAB US LARGE CAP ETF	UIE	808524201	2,709	63,977	SH		SOLE		0	0	63,977
SCHWAB US SMALL CAP ETF	UIE	808524607	2,100	55,564	SH		SOLE		0	0	55,564
SELECT SECTOR HEALTH CARE SPDR ETF	UIE	81369Y209	5,055	41,737	SH		SOLE		0	0	41,737
SELECT STR FINANCIAL SELECT SPDR ETF	UIE	81369Y605	7,270	239,473	SH		SOLE		0	0	239,473
SLR INVESTMENT CORP	COM	83413U100	339	27,520	SH		SOLE		0	0	27,520
SPDR Doubleline TTL RTRN TTCL ETF	ETF	78467V848	408	10,155	SH		SOLE		0	0	10,155
SPDR Portfolio Mortgage Backed Bond ETF	ETF	78464A383	217	10,095	SH		SOLE		0	0	10,095
SPDR S&P 500 ETF	UIE	78462F103	315	881	SH		SOLE		0	0	881
TECHNOLOGY SELECT SECTORSPDR ETF	UIE	81369Y803	527	4,433	SH		SOLE		0	0	4,433
TELEFLEX INCORPORATE	COM	879369106	1,880	9,334	SH		SOLE		0	0	9,334
TESLA INC	COM	88160R101	2,749	10,362	SH		SOLE		0	0	10,362
THE COCA-COLA CO	COM	191216100	1,118	19,961	SH		SOLE		0	0	19,961
TORTOISE ENERGY INFRASTR	CEM	89147L886	370	12,355	SH		SOLE		0	0	12,355
TRIMAS CORP	COM	896215209	291	11,602	SH		SOLE		0	0	11,602
VANGUARD FTSE DEVELOPED MARKETS ETF	UIE	921943858	298	8,193	SH		SOLE		0	0	8,193
VANGUARD FTSE EMERGING MARKETS ETF	UIE	922042858	427	11,700	SH		SOLE		0	0	11,700
VANGUARD INFORMATION TECHNOLOGY ETF	UIE	92204A702	211	687	SH		SOLE		0	0	687
Vanguard Intermediate Term Cor ETF	ETF	92206C870	229	3,031	SH		SOLE		0	0	3,031
VANGUARD LARGE CAP ETF	UIE	922908637	724	4,429	SH		SOLE		0	0	4,429
VANGUARD MID CAP GROWTH ETF	UIE	922908538	1,284	7,530	SH		SOLE		0	0	7,530
VANGUARD REAL ESTATE ETF	UIE	922908553	1,140	14,224	SH		SOLE		0	0	14,224
VANGUARD S&P 500 ETF	UIE	922908363	1,016	3,093	SH		SOLE		0	0	3,093
VANGUARD TOTAL STOCK MARKET ETF	UIE	922908769	3,394	18,913	SH		SOLE		0	0	18,913
WALMART INC	COM	931142103	828	6,384	SH		SOLE		0	0	6,384
WILLAMETTE VLY VINEY	COM	969136100	338	54,800	SH		SOLE		0	0	54,800
WILLIAMS COS INC	COM	969457100	215	7,493	SH		SOLE		0	0	7,493
XTRACKERS MSCI EAFE HEDGED EQUITY ET	UIE	233051200	212	6,331	SH		SOLE		0	0	6,331