NC
New Capital Management LP Investment Portfolio (Q2 2026) — 13F Stock Holdings
New Capital Management LPCIK: 0001696731
Sector-focusedLong-term holderQuality / disciplined sizing
Total reported value
$439.0M
Reporting period: 2026-06-30 · Number of holdings: 60
New Capital Management LP disclosed 60 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $439.0M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 52.53
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 73.55
New Capital Management LP's disclosed holdings carry a Herfindahl concentration index of 0.131 — mathematically equivalent to about 8 equally-sized positions, well below its 60 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.65), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 13% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd DFAC
+0.5% $14.6M
Trim BRK-B
-0.0% $2.2M
Trim PEP
0.0% -$1.0M
Add AAPL
-0.1% $2.7M
Trim IBIT
-1.8% -$695.5K
Add DFAX
+0.9% $7.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 25.97% | +1.47% | +0.49% | |
| 2 | DFAX | Dimensional World Ex US Core | ETF-Other | 20.22% | +0.22% | +0.94% | |
| 3 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 12.21% | -0.45% | -0.04% | |
| 4 | AAPL | Apple Inc | Stock-Tech | 5.09% | +0.25% | -0.15% | |
| 5 | EBI | Longview Advantage ETF | ETF-Other | 3.16% | +0.12% | — | |
| 6 | DFSU | Dimensional US Sus Core1 ETF | ETF-Other | 2.63% | +0.12% | +0.17% | |
| 7 | BINC | Ishares Flex I A Etf-usd Inc | ETF-Other | 2.60% | -0.16% | +1.32% | |
| 8 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | ETF-Other | 2.07% | -0.14% | +1.52% | |
| 9 | DFSI | Dimensional Int Sus Cor1 ETF | ETF-Other | 1.85% | -0.03% | -0.09% | |
| 10 | IAGG | Ishares Intl Aggregate Bond | ETF-Other | 1.77% | -0.11% | +0.94% | |
| 11 | PEP | Pepsico Inc | Stock-Consumer Staples | 1.63% | -0.39% | — | |
| 12 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.44% | +0.17% | -0.21% | |
| 13 | NVDA | Nvidia CORP | Stock-Tech | 1.30% | +0.08% | +0.09% | |
| 14 | DFGR | Dim Global Real Estate ETF | ETF-Other | 1.27% | +0.02% | +1.01% | |
| 15 | STIP | Ishares 0-5 Year Tips Bond E | ETF-Other | 1.21% | -0.10% | +1.13% | |
| 16 | TFLO | Ishares Treasury Floating Ra | ETF-Gov Bonds | 1.14% | -0.12% | -1.96% | |
| 17 | JBND | Jpmorgan Active Bond ETF | ETF-Other | 1.00% | -0.08% | +1.14% | |
| 18 | VGMS | Vanguard Multi-sector | ETF-Other | 1.00% | -0.06% | +1.17% | |
| 19 | JPIB | Jpmorgan Intl Bnd ETF | ETF-Other | 0.93% | -0.06% | +0.85% | |
| 20 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 0.91% | -0.24% | -1.75% | |
| 21 | CEMB | Ishares Jp Morgan Em Corpora | ETF-Other | 0.88% | -0.06% | +1.04% | |
| 22 | GHYG | Ishares Us&intl High Yield C | ETF-High Yield | 0.88% | -0.05% | +1.13% | |
| 23 | LEMB | Ishares Jp Morgan Em Local C | ETF-Other | 0.88% | -0.02% | +0.93% | |
| 24 | ISHG | Ishares -3 Year Internationa | ETF-Other | 0.86% | -0.06% | +1.12% | |
| 25 | IAU | Ishares Gold Trust | ETF-Commodities | 0.81% | -0.15% | +6.56% | |
| 26 | DFSE | Dimensional Em Sus Core1 ETF | ETF-Other | 0.76% | +0.05% | -0.65% | |
| 27 | MSFT | Microsoft CORP | Stock-Tech | 0.71% | -0.05% | +0.35% | |
| 28 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 0.64% | -0.05% | +0.77% | |
| 29 | VT | Vanguard Tot World Stk ETF | ETF-Other | 0.38% | +0.02% | +0.18% | |
| 30 | YUM | Yum! Brands Inc | Stock-Consumer Disc | 0.32% | -0.01% | — | |
| 31 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.25% | +0.03% | +0.78% | |
| 32 | KIM | Kimco Realty CORP | Stock-Real Estate | 0.25% | +0.01% | — | |
| 33 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.25% | +0.02% | +2.19% | |
| 34 | MA | Mastercard Inc - A | Stock-Financials | 0.22% | -0.01% | +1.08% | |
| 35 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.22% | -0.02% | +0.54% | |
| 36 | ABBV | Abbvie Inc | Stock-Healthcare | 0.19% | +0.02% | +0.25% | |
| 37 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.19% | -0.02% | +0.81% | |
| 38 | ACWI | Ishares Msci Acwi ETF | ETF-Other | 0.16% | — | — | |
| 39 | AVGO | Broadcom Inc | Stock-Tech | 0.15% | +0.02% | -1.67% | |
| 40 | AOR | Ishares Core 60/40 Balanced | ETF-Other | 0.14% | — | +3.04% | |
| 41 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.14% | +0.01% | — | |
| 42 | NFLX | Netflix Inc | Stock-Comm Services | 0.12% | -0.05% | +0.81% | |
| 43 | XOM | Exxon Mobil CORP | Stock-Energy | 0.11% | -0.03% | +1.22% | |
| 44 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.09% | +0.02% | +4.29% | |
| 45 | AOA | Ishares Core 80/20 Aggressiv | ETF-Other | 0.09% | +0.01% | +8.51% | |
| 46 | YUMC | Yum China Holdings Inc | Stock-Consumer Disc | 0.08% | -0.03% | — | |
| 47 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 0.08% | -0.01% | — | |
| 48 | WBD | Warner Bros Discovery Inc | Stock-Comm Services | 0.08% | -0.01% | — | |
| 49 | HD | Home Depot Inc | Stock-Consumer Disc | 0.08% | — | — | |
| 50 | VUSB | Vanguard Ultra Short Bond Et | ETF-Other | 0.07% | -0.03% | -25.14% |
1–50 of 60
Portfolio Performance
Performance for Q3 2026
+2.3%
Performance Last 4 Quarters
+18.8%
Based on 87% of reported portfolio value with available pricing
- Stdev
- +9.7%
- Beta
- +0.7
- Alpha
- +1.4%
- Max Drawdown
- -5.2%
- Annualized Perf
- +16.1%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +3.13
- Stutzer
- +0.46
- Treynor
- +0.22
- Sterling
- +1.13
- Calmar
- +3.12
- Information Ratio
- -0.87
- Tracking Error
- +5.2%
- Stdev Down
- +4.9%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +26.7%
- Worst 12 Months
- +5.9%
- Efficiency Ratio
- +0.61
- Sharpe
- +1.59
- Stdev Sectors
- +16.8%
- Skewness
- -0.22
- Kurtosis
- -0.18
- Upside Potential
- +4.71
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 60 | $439.0M | 0 | ||
| 2026 Q1 | 59 | $405.7M | 11 | ||
| 2025 Q4 | 55 | $398.1M | 12 | ||
| 2025 Q3 | 54 | $381.7M | 26 | ||
| 2025 Q2 | 56 | $358.3M | 0 | ||
| 2025 Q1 | 50 | $348.5M | 100 | ||
| 2024 Q4 | 51 | $342.0M | 0 | ||
| 2024 Q3 | 52 | $354.3M | 0 | ||
| 2024 Q2 | 54 | $325.9M | 0 | ||
| 2024 Q1 | 57 | $334.9M | 0 | ||
| 2023 Q4 | 51 | $316.1M | 0 | ||
| 2023 Q3 | 57 | $288.3M | 0 | ||
| 2023 Q1 | 58 | $261.8M | 0 | ||
| 2022 Q4 | 48 | $232.5M | 0 | ||
| 2022 Q3 | 43 | $182.2M | 0 | ||
| 2022 Q2 | 43 | $181.6M | 0 | ||
| 2022 Q1 | 48 | $138.9M | 0 | ||
| 2021 Q4 | 42 | $192.5M | 0 | ||
| 2021 Q3 | 42 | $181.8M | 0 | ||
| 2021 Q1 | 127 | $112.2M | 61 | ||
| 2020 Q4 | 153 | $194.3M | 73 | ||
| 2020 Q3 | 124 | $90.9M | 32 | ||
| 2020 Q2 | 126 | $73.7M | 37 | ||
| 2020 Q1 | 109 | $52.8M | 27 | ||
| 2019 Q4 | 134 | $60.4M | 68 | ||
| 2019 Q3 | 136 | $119.6M | 72 | ||
| 2019 Q2 | 134 | $57.1M | 49 | ||
| 2019 Q1 | 138 | $35.5M | 50 | ||
| 2018 Q4 | 128 | $54.7M | 14 | ||
| 2018 Q3 | 147 | $61.4M | 11 | ||
| 2018 Q2 | 142 | $56.0M | 48 | ||
| 2018 Q1 | 152 | $38.5M | 77 | ||
| 2017 Q4 | 160 | $82.1M | 58 | ||
| 2017 Q3 | 163 | $56.1M | 32 | ||
| 2017 Q2 | 166 | $54.6M | 1 | ||
| 2017 Q1 | 167 | $54.6M | 31 | ||
| 2016 Q4 | 160 | $69.0M | — |
Holding changes this quarter
New Capital Management LP's most significant position changes for 2026-06-30: New buy: Ishares Russell 1000 ETF (IWB); Sold out: Ishares Sh Dba ETF Usd Inc (NEAR); New buy: Ishares Russell 1000 Growth (IWF); Add: Dimensional US Core Equity 2 (DFAC) — shares +0.49%; Trim: Berkshire Hathaway Inc-cl B (BRK-B) — shares -0.04%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DFAC | Dimensional US Core Equity 2 | +1.5% | +0.49% | Add |
| 2 | AAPL | Apple Inc | +0.3% | -0.15% | Trim |
| 3 | DFAX | Dimensional World Ex US Core | +0.2% | +0.94% | Add |
| 4 | GOOG | Alphabet Inc-cl C | +0.2% | -0.21% | Trim |
| 5 | EBI | Longview Advantage ETF | +0.1% | — | Unchanged |
| 6 | DFSU | Dimensional US Sus Core1 ETF | +0.1% | +0.17% | Add |
| 7 | NVDA | Nvidia CORP | +0.1% | +0.09% | Add |
| 8 | IWB | Ishares Russell 1000 ETF | +0.1% | NEW | New buy |
| 9 | DFSE | Dimensional Em Sus Core1 ETF | +0.1% | -0.65% | Trim |
| 10 | IWF | Ishares Russell 1000 Growth | +0.1% | NEW | New buy |
| 11 | GOOGL | Alphabet Inc-cl A | 0% | +0.78% | Add |
| 12 | DFGR | Dim Global Real Estate ETF | 0% | +1.01% | Add |
| 13 | VT | Vanguard Tot World Stk ETF | 0% | +0.18% | Add |
| 14 | AMZN | Amazon.com Inc | 0% | +2.19% | Add |
| 15 | ABBV | Abbvie Inc | 0% | +0.25% | Add |
| 16 | LLY | Eli Lilly & Co | 0% | +4.29% | Add |
| 17 | AVGO | Broadcom Inc | 0% | -1.67% | Trim |
| 18 | KIM | Kimco Realty CORP | 0% | — | Unchanged |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | — | Unchanged |
| 20 | CMI | Cummins Inc | 0% | — | Unchanged |
| 21 | AOA | Ishares Core 80/20 Aggressiv | 0% | +8.51% | Add |
| 22 | ACWI | Ishares Msci Acwi ETF | — | — | Unchanged |
| 23 | AOR | Ishares Core 60/40 Balanced | — | +3.04% | Add |
| 24 | HD | Home Depot Inc | — | — | Unchanged |
| 25 | AGG | Ishares Core U.s. Aggregate | — | — | Unchanged |
| 26 | JMST | JPM Ultra-short Muni Income | — | — | Unchanged |
| 27 | DFCF | Dimensional Core Fixed Inc | — | — | Unchanged |
| 28 | YUM | Yum! Brands Inc | 0% | — | Unchanged |
| 29 | MA | Mastercard Inc - A | 0% | +1.08% | Add |
| 30 | WBD | Warner Bros Discovery Inc | 0% | — | Unchanged |
| 31 | MELI | Mercadolibre Inc | 0% | — | Unchanged |
| 32 | AON | Aon plc | 0% | — | Unchanged |
| 33 | LEMB | Ishares Jp Morgan Em Local C | 0% | +0.93% | Add |
| 34 | COST | Costco Wholesale CORP | 0% | +0.81% | Add |
| 35 | VTOL | Bristow Group Inc | 0% | +0.30% | Add |
| 36 | META | Meta Platforms Inc-class A | 0% | +0.54% | Add |
| 37 | DFSI | Dimensional Int Sus Cor1 ETF | 0% | -0.09% | Trim |
| 38 | SGOV | Ishares 0-3 Month Treasury B | 0% | -34.11% | Trim |
| 39 | VUSB | Vanguard Ultra Short Bond Et | 0% | -25.14% | Trim |
| 40 | ICSH | Ishares Ultra Short Duration | 0% | -25.55% | Trim |
| 41 | XOM | Exxon Mobil CORP | 0% | +1.22% | Add |
| 42 | YUMC | Yum China Holdings Inc | 0% | — | Unchanged |
| 43 | NEAR | Ishares Sh Dba ETF Usd Inc | -0.1% | EXIT | Sold out |
| 44 | NFLX | Netflix Inc | -0.1% | +0.81% | Add |
| 45 | GHYG | Ishares Us&intl High Yield C | -0.1% | +1.13% | Add |
| 46 | MSFT | Microsoft CORP | -0.1% | +0.35% | Add |
| 47 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | -0.1% | +0.77% | Add |
| 48 | JPIB | Jpmorgan Intl Bnd ETF | -0.1% | +0.85% | Add |
| 49 | VGMS | Vanguard Multi-sector | -0.1% | +1.17% | Add |
| 50 | CEMB | Ishares Jp Morgan Em Corpora | -0.1% | +1.04% | Add |
1–50 of 61
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Filing History
FAQ
What is New Capital Management LP and what type of investor is it?
New Capital Management LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $439.0M, spread across 60 disclosed positions.
What are New Capital Management LP's largest equity positions?
Based on the latest 13F filing, New Capital Management LP's top holdings by market value are:
1. Dimensional US Core Equity 2 (DFAC) — $114.0M (26.0%)
2. Dimensional World Ex US Core (DFAX) — $88.8M (20.2%)
3. Berkshire Hathaway Inc-cl B (BRK-B) — $53.6M (12.2%)
4. Apple Inc (AAPL) — $22.4M (5.1%)
5. Longview Advantage ETF (EBI) — $13.9M (3.2%)
What changes did New Capital Management LP make in its most recent portfolio filing?
In the latest reported quarter, New Capital Management LP made 46 notable position adjustments: 2 new positions were initiated, 32 existing holdings were added to, 11 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Ishares Russell 1000 ETF (IWB); Sold out: Ishares Sh Dba ETF Usd Inc (NEAR); New buy: Ishares Russell 1000 Growth (IWF); Add: Dimensional US Core Equity 2 (DFAC) — shares +0.49%; Trim: Berkshire Hathaway Inc-cl B (BRK-B) — shares -0.04%
What sectors does New Capital Management LP focus on?
New Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 56.0%
• Communication Services: 16.3%
• Consumer Staples: 14.0%
• Consumer Discretionary: 6.2%
• Health Care: 2.2%
• Financials: 2.1%
Investment Profile
New Capital Management LP returned an annualized 16.1% over the trailing 36 months — outperforming the S&P 500 by 1.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.70 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 56.0% of the portfolio concentrated in Information Technology.
It has added to its DFAX position over the past two quarters (+$11.8M, now $88.8M), while trimming STIP over the same stretch (-$1.1M, still holding $5.3M).
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Developer Access
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