Next Capital Management LLC Buys iShares Core S&P 500 ETF, Schwab U.S. Large-Cap ETF, Apollo Senior Floating Rate Fund, Sells Blackstone / GSO Long-Short Credit Income Fund, Volkswagen AG, First Trust MLP and Energy Income Fund

• New Purchases: NXJ, VO, DBEF, RDS.A, CVX, ISRG, UNH, T, ABT, NLY, BA, BP, C, CSGP, INTC, MCD, MELI, PUK, ROP, SBAC, IVOO, ABB, ABBV, ACN, ALK, ALL, AMP, AMT, ANTM, AMAT, ARD, ASML, AZO, BLL, BCS, BDX, BSX, BTI, CDNS, COF, CELG, CMG, STZ, GLW, CSX, DHR, DFS, ECL, EA, EQIX, EL, FDS, GM, G, GILD, GPN, GS, HUM, IAC, ILMN, ICE, IQV, LRCX, LIN, LOW, MPC, MAR, MTD, MSCI, NVDA, NXPI, ORCL, PLNT, PTLA, PGR, RHT, RGA, RNG, SAP, SHW, SKM, SMFG, SNPS, TAK, TRV, TSN, VRSN, WFC, YUM, AON, ATSG, ALC, ALXN, Y, DOX, AMED, AXP, AIG, COLD, ABC, AME, APH, ANSS, ARRY, AIZ, AZN, ATO, AVY, BWXT, BIDU, SAN, BHP, BIO, BAH, BFAM, BMY, BRKR, BURL, CACI, CMS, GOOS, CBS, CNC, CNP, CRL, CHTR, CHE, CHL, CI, CLH, COHR, COO, COUP, CMI, DHI, DXC, DXCM, DEO, DKS, DIN, DLTR, DPZ, UFS, EGBN, EMN, EBAY, ECA, EHC, ENSG, EOG, EEFT, EVBG, EVRG, EXAS, EXPO, FMC, FFIV, FAST, FITB, FIVE, FTV, FOXF, FRPT, GNRC, GIL, GSK, GRA, HAL, THG, LHX, HCA, JKHY, HLF, HXL, HRC, HFC, HSBC, H, IBKC, IEX, NGVT, INGR, NSP, PODD, INXN, ISTB, IWO, JBT, KEY, KEYS, KR, LLL, LEA, LSXMK, LFUS, LYG, LMT, MTB, MTSI, MFC, MASI, MDT, MRCY, MMSI, MET, MFGP, MDLZ, MPWR, NCR, NEWR, NXST, NI, NSC, NOC, NOVT, NVO, OGE, OXY, OLLI, OMCL, ON, OKE, OSK, PKG, PACW, PEP, PKI, BPOP, POR, PRAH, PFG, PTC, PHM, QTWO, QGEN, PWR, RL, RTN, RF, RELX, RNR, RSG, RIO, RHI, ROST, RYAAY, HSIC, SMG, SRE, SBNY, SMPL, SLG, SCCO, LUV, STT, STE, STL, AMTD, TDOC, TPX, TDC, TER, TXN, TJX, TMUS, TMK, TTC, TOT, TM, TDG, THS, TREX, USB, UN, UAL, UPS, UTX, UHS, VLO, VTR, VFC, VIAB, VOD, VOYA, VMC, WEC, WBA, WCG, WCC, WDC, WBK, WSM, WING, WWD, WP, WH, WYND, XLNX, YUMC, ZBRA, ZEN, ZBH, ZION, AGCO, ASGN, ATU, AYI, AMG, AFL, AGIO, APD, ALSK, ALKS, ATI, ALLE, ADS, LNT, ALSN, ALLY, ALTR, AIMC, AMBA, ADI, ARI, APLE, AIV, ATR, MT, ADM, ACA, ANET, AWI, ASH, AZPN, AGO, ATH, TEAM, AVLR, AVT, EQH, AXGN, BANC, BBVA, BXS, NTB, BKU, BAX, BBT, BDC, BIG, BKH, BPMC, BWA, BHF, AVGO, CBT, CPE, CAJ, CMD, CDNA, CCL, CUK, CRZO, CRI, CBRE, CM, CE, CF, TCF, CCXI, PLCE, CHH, CB, CHD, XEC, CMPR, CRUS, CFG, CDE, CCOI, CTSH, CXP, COLM, CVLT, CAG, CNDT, CPA, COR, OFC, CTVA, CVET, CS, CCK, CPIX, CVI, CY, DRI, DAR, DELL, DAL, FANG, DISH, DG, DCI, DORM, DEI, DOW, DTE, DRE, DD, ETN, EDIT, EME, ENR, NPO, ETR, ERIE, ESS, ETFC, RE, EXLS, EXPD, FNB, FRT, FII, FDX, RACE, FIS, FAF, FHN, FE, FL, FTNT, FOXA, FUL, GLIBA, GCI, GRMN, GD, GT, GDOT, HAE, HAIN, HBI, HIG, HAS, HE, HCSG, HP, HTGC, HPE, HIW, HOLX, HMC, HON, HPT, HST, TWNK, HPQ, HBAN, HII, HUN, HURN, ING, IDA, IART, IBKR, IP, IFF, IGT, IRTC, ITT, JBHT, SJM, JEC, JAZZ, JBLU, JLL, JNPR, KSU, KAR, KELYA, KMT, KNSL, KEX, KSS, KFY, KHC, LB, LKSD, LW, LVS, LM, LEG, LXP, LBRDA, LBRDK, LSXMA, LECO, LNC, LTHM, L, LYB, SHOO, MANH, MAN, MANT, MKL, DOOR, MATW, MKC, MCK, MDSO, MED, MD, MEDP, MTH, MIK, MU, MAA, MCRN, MUFG, MFG, MHK, MOH, MNST, MS, MSA, MUSA, NDAQ, NEOG, NTAP, NRZ, NYCB, NEU, NWSA, NRG, NATI, EYE, NUS, NUE, NTNX, NMY, NVT, OLN, OC, OI, OXM, PGRE, PDCO, PTEN, PNR, PFGC, PDM, PPC, PNW, PNC, PCH, POWI, PPG, PBH, PRGS, PLD, PB, PRU, PEG, PBYI, QRVO, QTS, QDEL, RMR, RDN, RDUS, RJF, RBC, REG, RS, ROL, RBS, RCL, RGLD, SAFM, SNY, STX, SEE, SGEN, SMTC, SXT, SHAK, SCVL, SLGN, SPG, SITE, SKX, SNN, AOS, SON, SPB, SPR, SPSC, SXI, SWK, STLD, SF, STI, SUPN, SNV, TNDM, TPR, TISI, TGNA, TDS, TEX, TSLA, TXRH, THO, TIF, TKR, TOL, TSCO, TRU, TRCO, TRS, TRMB, TRIP, TWO, USPH, UDR, UMPQ, UCBI, UTHR, UVSP, USM, VVV, VIOO, VXUS, VRNS, VER, VRS, VIAV, WPC, WTS, WBT, WST, WHR, WTFC, INT, WPX, GWW, XRX, XYL,
• Added Positions: IVV, SCHX, AFT, JPST, IEFA, BGB, PPR, EVF, VWO, JRO, JSD, FRA, AMZN, NSL, MSFT, VEA, AAPL, JNJ, NRK, SPY, IWD, NTC, V, PFE, EFT, IJH, VZ, GOOGL, FB, JPM, PYPL, GOOG, CSCO, MA, ADBE, INTU, MRK, XOM, HD, IEMG, IJR, NFLX, NVS, PG, SCHF, VIG, DIS, CME, CMCSA, COST, PSX, CRM, KO, TMO, UNP, ALGN, BRK.B, BKNG, SCHW, CCI, IDXX, IWP, NKE, PM, SPGI, NOW, WM, MMM, BABA, AWK, AMGN, ADP, ADSK, BIIB, BXMT, XLC, COP, EW, ES, EXC, IBM, IWB, IWF, IWN, LLY, LULU, MAYS, XLV, SWKS, SQ, TGT, ULTA, VRTX, VSS, WMT, ZTS, CTAS, EXEL, FRC, FLT, F, LPT, REXR, SCHG, SBUX, TYL,
• Reduced Positions: FEI, IWC, EMLP, SCHA, EEM, BAC, CR, AEP, CINF, STWD, SCHE, XEL, UL, NAN, MO, IWM, JPC, FNDX, DSU,
• Sold Out: BGX, VOWA, DSL, REMYF, MDXG, HTA, AEXAF, GGDVY, CGHLY, SIX, LUKOY, GVDNY, PPERY, PUKPA.PFD, ABCZY, CPRI, LVMUY, TCEHY, FQVTF, OSIR, RNP, KBEVF,

For the details of Next Capital Management LLC's stock buys and sells, go to https://www.gurufocus.com/guru/next+capital+management+llc/current-portfolio/portfolioportfolio

1. Schwab U.S. Large-Cap ETF (SCHX) - 171,062 shares, 8.25% of the total portfolio. Shares added by 29.47%
2. JPMorgan Ultra-Short Income ETF (JPST) - 164,455 shares, 5.70% of the total portfolio. Shares added by 23.02%
3. iShares Core S&P 500 ETF (IVV) - 27,664 shares, 5.61% of the total portfolio. Shares added by 125.79%
4. Schwab U.S. Small-Cap ETF (SCHA) - 104,544 shares, 5.14% of the total portfolio. Shares reduced by 1.62%
5. iShares Core MSCI EAFE ETF (IEFA) - 117,085 shares, 4.94% of the total portfolio. Shares added by 21.61%

Next Capital Management LLC initiated holding in Nuveen New Jersey Quality Municipal Income Fund. The purchase prices were between $13.55 and $14.15, with an estimated average price of $13.92. The stock is now traded at around $14.68. The impact to a portfolio due to this purchase was 0.17%. The holding were 17,550 shares as of .

Next Capital Management LLC initiated holding in Deutsche X-trackers MSCI EAFE Hedged Equity ETF. The purchase prices were between $30.13 and $31.7, with an estimated average price of $31.1. The stock is now traded at around $31.13. The impact to a portfolio due to this purchase was 0.14%. The holding were 6,331 shares as of .

Next Capital Management LLC initiated holding in Vanguard Mid-Cap ETF. The purchase prices were between $156.62 and $167.97, with an estimated average price of $163.63. The stock is now traded at around $165.35. The impact to a portfolio due to this purchase was 0.14%. The holding were 1,209 shares as of .

Next Capital Management LLC initiated holding in Royal Dutch Shell PLC. The purchase prices were between $61.81 and $66.01, with an estimated average price of $63.93. The stock is now traded at around $58.54. The impact to a portfolio due to this purchase was 0.08%. The holding were 1,703 shares as of .

Next Capital Management LLC initiated holding in Intuitive Surgical Inc. The purchase prices were between $458.27 and $585.89, with an estimated average price of $513.67. The stock is now traded at around $511.01. The impact to a portfolio due to this purchase was 0.04%. The holding were 114 shares as of .

Next Capital Management LLC initiated holding in UnitedHealth Group Inc. The purchase prices were between $216.84 and $252.28, with an estimated average price of $240.34. The stock is now traded at around $246.80. The impact to a portfolio due to this purchase was 0.04%. The holding were 252 shares as of .

Next Capital Management LLC added to a holding in iShares Core S&P 500 ETF by 125.79%. The purchase prices were between $274.69 and $296.02, with an estimated average price of $288.3. The stock is now traded at around $293.30. The impact to a portfolio due to this purchase was 3.13%. The holding were 27,664 shares as of .

Next Capital Management LLC added to a holding in Schwab U.S. Large-Cap ETF by 29.47%. The purchase prices were between $65.67 and $70.79, with an estimated average price of $68.9. The stock is now traded at around $69.79. The impact to a portfolio due to this purchase was 1.88%. The holding were 171,062 shares as of .

Next Capital Management LLC added to a holding in Apollo Senior Floating Rate Fund by 78.07%. The purchase prices were between $14.6 and $15.39, with an estimated average price of $15. The stock is now traded at around $14.94. The impact to a portfolio due to this purchase was 1.1%. The holding were 244,376 shares as of .

Next Capital Management LLC added to a holding in JPMorgan Ultra-Short Income ETF by 23.02%. The purchase prices were between $50.27 and $50.49, with an estimated average price of $50.39. The stock is now traded at around $50.41. The impact to a portfolio due to this purchase was 1.07%. The holding were 164,455 shares as of .

Next Capital Management LLC added to a holding in iShares Core MSCI EAFE ETF by 21.61%. The purchase prices were between $58.22 and $61.5, with an estimated average price of $60.25. The stock is now traded at around $59.50. The impact to a portfolio due to this purchase was 0.88%. The holding were 117,085 shares as of .

Next Capital Management LLC added to a holding in Blackstone / GSO Strategic Credit Fund by 42.55%. The purchase prices were between $14.22 and $14.67, with an estimated average price of $14.51. The stock is now traded at around $14.80. The impact to a portfolio due to this purchase was 0.76%. The holding were 251,816 shares as of .

Next Capital Management LLC sold out a holding in Blackstone / GSO Long-Short Credit Income Fund. The sale prices were between $14.94 and $15.79, with an estimated average price of $15.51.

Next Capital Management LLC sold out a holding in Volkswagen AG. The sale prices were between $13.9 and $16.34, with an estimated average price of $14.99.

Next Capital Management LLC sold out a holding in DoubleLine Income Solutions Fund. The sale prices were between $19.43 and $20.44, with an estimated average price of $20.16.

Next Capital Management LLC sold out a holding in Rémy Cointreau. The sale prices were between $131.85 and $136.25, with an estimated average price of $133.7.

Next Capital Management LLC sold out a holding in MiMedx Group Inc. The sale prices were between $2.37 and $5.57, with an estimated average price of $3.67.

Next Capital Management LLC sold out a holding in Atos SE. The sale prices were between $79.05 and $106, with an estimated average price of $91.06.