NC

New Capital Management LP

Sector-focusedMomentum followerLong-term holder

Total reported value

$405.7M

Reporting period: 2026-03-31 · Number of holdings: 59

New Capital Management LP disclosed 59 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $405.7M and a quarterly turnover rate of 11.1%.

Personality snowflake

Concentration
49.69
Portfolio Stability
11.13
Momentum/Contrarian
100
Sector conviction
100
Diversification
100
Sizing Uniformity
74.63

Recent moves

  • Trim DFAC

    -3.9%　-$6.0M

  • Trim BRK-B

    -0.4%　-$2.7M

  • Add IAU

    +1262.7%　$3.6M

  • Add DFAX

    +1.5%　$4.1M

  • Add IAGG

    +57.4%　$2.8M

  • Trim AAPL

    -0.9%　-$1.6M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1DFACDimensional US Core Equity 2ETF-Other24.50%-1.96%-3.88%
2DFAXDimensional World Ex US CoreETF-Other20.00%+0.66%+1.52%
3BRK-BBerkshire Hathaway Inc-cl BStock-Other12.66%-0.93%-0.41%
4AAPLApple INCStock-Tech4.84%-0.49%-0.92%
5EBILongview Advantage ETFETF-Other3.04%+0.01%—
6BINCIshares Flex I A Etf-usd INCETF-Other2.76%+0.07%+6.03%
7DFSUDimensional US Sus Core1 ETFETF-Other2.51%-0.40%-7.07%
8IUSBIshr Cr Unvrse Usd Bd Etf-uiETF-Other2.21%+0.04%+4.60%
9PEPPepsico INCStock-Consumer Staples2.02%+0.11%-0.49%
10DFSIDimensional Int Sus Cor1 ETFETF-Other1.88%-0.08%-0.99%
11IAGGIshares Intl Aggregate BondETF-Other1.88%+0.66%+57.45%
12STIPIshares 0-5 Year Tips Bond EETF-Other1.31%-0.30%-17.62%
13GOOGAlphabet Inc-cl CStock-Comm Services1.27%-0.07%+5.38%
14TFLOIshares Treasury Floating RaETF-Gov Bonds1.26%-0.03%-0.87%
15DFGRDim Global Real Estate ETFETF-Other1.25%+0.26%+28.34%
16NVDANvidia CORPStock-Tech1.22%-0.11%+0.54%
17IBITIshares Bitcoin Trust ETFETF-Crypto1.15%-0.07%+24.55%
18JBNDJpmorgan Active Bond ETFETF-Other1.08%-0.22%-15.31%
19VGMSVanguard Multi-sectorETF-Other1.06%-0.25%-16.26%
20JPIBJpmorgan Intl Bnd ETFETF-Other0.99%+0.99%NEW
21IAUIshares Gold TrustETF-Commodities0.96%+0.89%+1262.74%
22CEMBIshares Jp Morgan Em CorporaETF-Other0.94%+0.30%+50.54%
23GHYGIshares Us&intl High Yield CETF-High Yield0.93%+0.29%+52.14%
24ISHGIshares -3 Year InternationaETF-Other0.92%+0.29%+49.89%
25LEMBIshares Jp Morgan Em Local CETF-Other0.90%+0.24%+41.62%
26MSFTMicrosoft CORPStock-Tech0.76%-0.15%+11.90%
27DFSEDimensional Em Sus Core1 ETFETF-Other0.71%-0.06%-8.12%
28LQDIshr Ibx Usd Invgd Cb Etf-uiETF-Corp Bonds0.69%+0.69%NEW
29VTVanguard Tot World Stk ETFETF-Other0.36%-0.01%+0.69%
30YUMYum! Brands INCStock-Consumer Disc0.33%——
31KIMKimco Realty CORPStock-Real Estate0.24%+0.02%—
32METAMeta Platforms Inc-class AStock-Comm Services0.24%-0.01%+11.75%
33MAMastercard INC - AStock-Financials0.23%-0.05%-4.04%
34AMZNAmazon.com INCStock-Consumer Disc0.23%-0.03%-2.19%
35GOOGLAlphabet Inc-cl AStock-Comm Services0.22%—+8.90%
36COSTCostco Wholesale CORPStock-Consumer Staples0.21%+0.02%—
37NFLXNetflix INCStock-Comm Services0.17%——
38ABBVAbbvie INCStock-Healthcare0.17%-0.02%+0.34%
39ACWIIshares Msci Acwi ETFETF-Other0.16%——
40XOMExxon Mobil CORPStock-Energy0.14%+0.04%+2.01%
41AORIshares Core 60/40 BalancedETF-Other0.14%—+0.11%
42AVGOBroadcom INCStock-Tech0.13%-0.03%-3.22%
43SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth0.13%-0.01%—
44YUMCYum China Holdings INCStock-Consumer Disc0.11%——
45VUSBVanguard Ultra Short Bond EtETF-Other0.10%—-2.32%
46ICSHIshares Ultra Short DurationETF-Other0.10%—-2.36%
47MELIMercadolibre INCStock-Consumer Disc0.09%-0.01%—
48WBDWarner Bros Discovery INCStock-Comm Services0.09%——
49SGOVIshares 0-3 Month Treasury BETF-Gov Bonds0.08%—-1.61%
50AOAIshares Core 80/20 AggressivETF-Other0.08%—-1.43%
1–50 of 59

Holding changes this quarter

New Capital Management LP's most significant position changes for 2026-03-31: New buy: Jpmorgan Intl Bnd ETF (JPIB); New buy: Ishr Ibx Usd Invgd Cb Etf-ui (LQD); Sold out: Jpmorgan Ultra-short Income (JPST); New buy: Home Depot INC (HD); New buy: Bristow Group INC (VTOL).

Position changes disclosed by New Capital Management LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1IAUIshares Gold Trust+0.9%+1262.74%Add
2DFAXDimensional World Ex US Core+0.7%+1.52%Add
3IAGGIshares Intl Aggregate Bond+0.7%+57.45%Add
4CEMBIshares Jp Morgan Em Corpora+0.3%+50.54%Add
5GHYGIshares Us&intl High Yield C+0.3%+52.14%Add
6ISHGIshares -3 Year Internationa+0.3%+49.89%Add
7DFGRDim Global Real Estate ETF+0.3%+28.34%Add
8LEMBIshares Jp Morgan Em Local C+0.2%+41.62%Add
9PEPPepsico INC+0.1%-0.49%Trim
10BINCIshares Flex I A Etf-usd INC+0.1%+6.03%Add
11IUSBIshr Cr Unvrse Usd Bd Etf-ui0%+4.60%Add
12XOMExxon Mobil CORP0%+2.01%Add
13COSTCostco Wholesale CORP0%—Unchanged
14KIMKimco Realty CORP0%—Unchanged
15EBILongview Advantage ETF0%—Unchanged
16YUMYum! Brands INC——Unchanged
17AONAon plc——Unchanged
18NFLXNetflix INC——Unchanged
19WBDWarner Bros Discovery INC——Unchanged
20ACWIIshares Msci Acwi ETF——Unchanged
21MELIMercadolibre INC0%—Unchanged
22METAMeta Platforms Inc-class A0%+11.75%Add
23SPYSs Spdr S&p 500 ETF Trust-us0%—Unchanged
24VTVanguard Tot World Stk ETF0%+0.69%Add
25LLYEli Lilly & Co0%—Unchanged
26ABBVAbbvie INC0%+0.34%Add
27AMZNAmazon.com INC0%-2.19%Trim
28AVGOBroadcom INC0%-3.22%Trim
29TFLOIshares Treasury Floating Ra0%-0.87%Trim
30MAMastercard INC - A-0.1%-4.04%Trim
31DFSEDimensional Em Sus Core1 ETF-0.1%-8.12%Trim
32GOOGAlphabet Inc-cl C-0.1%+5.38%Add
33IBITIshares Bitcoin Trust ETF-0.1%+24.55%Add
34DFSIDimensional Int Sus Cor1 ETF-0.1%-0.99%Trim
35NVDANvidia CORP-0.1%+0.54%Add
36MSFTMicrosoft CORP-0.2%+11.90%Add
37JBNDJpmorgan Active Bond ETF-0.2%-15.31%Trim
38VGMSVanguard Multi-sector-0.3%-16.26%Trim
39STIPIshares 0-5 Year Tips Bond E-0.3%-17.62%Trim
40JMSTJPM Ultra-short Muni Income-0.4%-85.63%Trim
41DFSUDimensional US Sus Core1 ETF-0.4%-7.07%Trim
42AAPLApple INC-0.5%-0.92%Trim
43BRK-BBerkshire Hathaway Inc-cl B-0.9%-0.41%Trim
44DFACDimensional US Core Equity 2-2%-3.88%Trim
45JPIBJpmorgan Intl Bnd ETF—NEWNew buy
46LQDIshr Ibx Usd Invgd Cb Etf-ui—NEWNew buy
47JPSTJpmorgan Ultra-short Income—EXITSold out
48HDHome Depot INC—NEWNew buy
49VTOLBristow Group INC—NEWNew buy
50CMICummins INC—NEWNew buy

FAQ

What is New Capital Management LP and what type of investor is it?
New Capital Management LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $405.7M, spread across 59 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) — $99.4M (24.5%) 2. Dimensional World Ex US Core (DFAX) — $81.1M (20.0%) 3. Berkshire Hathaway Inc-cl B (BRK-B) — $51.4M (12.7%) 4. Apple INC (AAPL) — $19.6M (4.8%) 5. Longview Advantage ETF (EBI) — $12.3M (3.0%)
What changes did New Capital Management LP make in its most recent portfolio filing?
In the latest reported quarter, New Capital Management LP made 39 notable position adjustments: 5 new positions were initiated, 18 existing holdings were added to, 15 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Jpmorgan Intl Bnd ETF (JPIB); New buy: Ishr Ibx Usd Invgd Cb Etf-ui (LQD); Sold out: Jpmorgan Ultra-short Income (JPST); New buy: Home Depot INC (HD); New buy: Bristow Group INC (VTOL)
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: • Financials: 50.5% • Information Technology: 27.1% • Consumer Staples: 8.7% • Communication Services: 7.7% • Consumer Discretionary: 3.2% • Health Care: 1.0%