New Capital Management LP
Sector Allocation
- Other72.7%$319.2M
- Financials14.2%$62.3M
- Technology9.2%$40.2M
- Consumer Staples1.8%$8.0M
- Consumer Discretionary0.8%$3.5M
- Industrials0.5%$2.2M
- Healthcare0.3%$1.2M
- Real Estate0.3%$1.1M
- Communication Services0.2%$869,798
- Energy0.1%$464,278
AUM History
13fpro.ai/research/fund/new-capital-management-lp-1696731
Conviction and streaks
Concentrating · top 10 = 77.6%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
- DIMENSIONAL$114.0M
- DIMENSIONAL$88.8M
BRK.B
$53.6MAAPL
$22.4M- RBB$13.9M
- DIMENSIONAL$11.6M
- BLACKROCK$11.4M
- ISHARES$9.1M
- DIMENSIONAL$8.1M
- ISHARES$7.8M
PEP
$7.1MGOOG
$6.3MNVDA
$5.7M- DIMENSIONAL$5.6M
- ISHARES$5.3M
- ISHARES$5.0M
- J$4.4M
- VANGUARD$4.4M
- J$4.1M
IBIT
$4.0M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/new-capital-management-lp-1696731
New Capital Management LP 13F holdings — Q2 2026
$439.0M portfolio (+8.2% QoQ) · 60 holdings · Q2 2026 13F · top 10 are 78% of the stock portfolio
- 1
DIMENSIONAL ETF TRUST - US COR EQU 2 ETF
$114.0M
26.0% of stocks
+0.5%This quarter—Since filed—HeldAIQuality—Est. buy— - 2
DIMENSIONAL ETF TRUST - WORLD EX US CORE
$88.8M
20.2% of stocks
+0.9%This quarter—Since filed—HeldAIQuality—Est. buy— $53.6M
12.2% of stocks
-0.0%This quarter—Since filed10+ qtrsHeld$22.4M
5.1% of stocks
-0.1%This quarter+9.2%Since filed10+ qtrsHeld- 5
RBB FUND TRUST - LONGVIEW ADVANTG
$13.9M
3.2% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy— - 6
DIMENSIONAL ETF TRUST - US SUSTAINABILTY
$11.6M
2.6% of stocks
+0.2%This quarter—Since filed—HeldAIQuality—Est. buy— - 7
BLACKROCK ETF TRUST II - ISHA FLEX IN ETF
$11.4M
2.6% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy— - 8
ISHARES TR - CORE UNIVRSL USD
$9.1M
2.1% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy— - 9
DIMENSIONAL ETF TRUST - INTERNATIONAL
$8.1M
1.9% of stocks
-0.1%This quarter—Since filed—HeldAIQuality—Est. buy— - 10
ISHARES TR - CORE INTL AGGR
$7.8M
1.8% of stocks
+0.9%This quarter—Since filed—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | DIMENSIONAL ETF TRUST - US COR EQU 2 ETF | $114.0M | 26.0% | +0.5% | — | — | — | — | |
| 2 | DIMENSIONAL ETF TRUST - WORLD EX US CORE | $88.8M | 20.2% | +0.9% | — | — | — | — | |
| 3 | $53.6M | 12.2% | -0.0% | — | 10+ qtrs | 73.5#124 | Estimated buy price is Pro: unlock with a free trial | ||
| 4 | $22.4M | 5.1% | -0.1% | +9.2% | 10+ qtrs | 75.7#88 | Estimated buy price is Pro: unlock with a free trial | ||
| 5 | RBB FUND TRUST - LONGVIEW ADVANTG | $13.9M | 3.2% | No change | — | — | — | — | |
| 6 | DIMENSIONAL ETF TRUST - US SUSTAINABILTY | $11.6M | 2.6% | +0.2% | — | — | — | — | |
| 7 | BLACKROCK ETF TRUST II - ISHA FLEX IN ETF | $11.4M | 2.6% | +1% | — | — | — | — | |
| 8 | ISHARES TR - CORE UNIVRSL USD | $9.1M | 2.1% | +2% | — | — | — | — | |
| 9 | DIMENSIONAL ETF TRUST - INTERNATIONAL | $8.1M | 1.9% | -0.1% | — | — | — | — | |
| 10 | ISHARES TR - CORE INTL AGGR | $7.8M | 1.8% | +0.9% | — | — | — | — |
All holdings — New Capital Management LP (Q2 2026)
60 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | PEPSICO INC | Consumer Staples | $7.1M | 1.6% | 53K | — | 10+ qtrs | 64.8 | 13F | |
| 12 | Alphabet Inc. | Technology | $6.3M | 1.4% | 18K | -0.2% | 10+ qtrs | 77.7 | 13F | |
| 13 | NVIDIA CORP | Technology | $5.7M | 1.3% | 28K | +0.1% | 5 qtrs | 86.0 | 13F | |
| 14 | — | DIMENSIONAL ETF TRUST - GLOBAL REAL ESTetf/fund | — | $5.6M | 1.3% | 193K | +1% | — | — | 13F |
| 15 | — | ISHARES TR - 0-5 YR TIPS ETFetf/fund | — | $5.3M | 1.2% | 52K | +1% | — | — | 13F |
| 16 | — | ISHARES TR - TRS FLT RT BDetf/fund | — | $5.0M | 1.1% | 99K | -2% | — | — | 13F |
| 17 | — | J P MORGAN EXCHANGE TRADED F - ACTIVE BOND ETFnote | — | $4.4M | 1.0% | 82K | +1% | — | — | 13F |
| 18 | — | VANGUARD MALVERN FDS - MULTI SECTORetf/fund | — | $4.4M | 1.0% | 86K | +1% | — | — | 13F |
| 19 | — | J P MORGAN EXCHANGE TRADED F - INTL BD OPP ETFetf/fund | — | $4.1M | 0.9% | 85K | +0.8% | — | — | 13F |
| 20 | iShares Bitcoin Trust ETFetf/fund | Financials | $4.0M | 0.9% | 120K | -2% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | — | ISHARES INC - JP MRG EM CRP BDetf/fund | — | $3.9M | 0.9% | 85K | +1% | — | — | 13F |
| 22 | — | ISHARES INC - US INTL HGH YLDetf/fund | — | $3.8M | 0.9% | 85K | +1% | — | — | 13F |
| 23 | — | ISHARES INC - JP MORGAN EM ETFetf/fund | — | $3.8M | 0.9% | 91K | +0.9% | — | — | 13F |
| 24 | — | ISHARES TR - 3YRTB ETFetf/fund | — | $3.8M | 0.9% | 51K | +1% | — | — | 13F |
| 25 | ISHARES GOLD TRUSTetf/fund | Financials | $3.6M | 0.8% | 47K | +7% | 5 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | — | DIMENSIONAL ETF TRUST - EMER MARK SU ETF | — | $3.3M | 0.8% | 68K | -0.6% | |||
| 27 | $MSFT | MICROSOFT CORP | Technology | $3.1M | 0.7% | 8,369 | +0.3% | |||
| 28 | — | ISHARES TR - IBOXX INV CP ETF | — | $2.8M | 0.6% | 26K | +0.8% | |||
| 29 | $DOV | DOVER Corp | Industrials | $1.7M | 0.4% | 11K | +0.2% | |||
| 30 | $YUM | YUM BRANDS INC | Consumer Discretionary | $1.4M | 0.3% | 8,662 | — | |||
| 31 | $GOOGL | Alphabet Inc. | Technology | $1.1M | 0.3% | 3,108 | +0.8% | |||
| 32 | $KIM | KIMCO REALTY CORP | Real Estate | $1.1M | 0.3% | 43K | — | |||
| 33 | $AMZN | AMAZON COM INC | Consumer Discretionary | $1.1M | 0.3% | 4,523 | +2% | |||
| 34 | $MA | Mastercard Inc | Financials | $963K | 0.2% | 1,875 | +1% | |||
| 35 | $META | Meta Platforms, Inc. | Technology | $948K | 0.2% | 1,683 | +0.5% | |||
| 36 | $ABBV | AbbVie Inc. | Healthcare | $821K | 0.2% | 3,263 | +0.2% | |||
| 37 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $813K | 0.2% | 869 | +0.8% | |||
| 38 | — | ISHARES TR - MSCI ACWI ETF | — | $718K | 0.2% | 4,575 | — | |||
| 39 | $AVGO | Broadcom Inc. | Technology | $647K | 0.1% | 1,712 | -2% | |||
| 40 | — | ISHARES TR - CORE 60 BALA ETF | — | $624K | 0.1% | 8,985 | +3% | |||
| 41 | $SPY | SPDR S&P 500 ETF TRUST | — | $599K | 0.1% | 802 | — | |||
| 42 | $NFLX | NETFLIX INC | Communication Services | $531K | 0.1% | 7,440 | +0.8% | |||
| 43 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $464K | 0.1% | 3,396 | +1% | |||
| 44 | $LLY | ELI LILLY & Co | Healthcare | $408K | 0.1% | 340 | +4% | |||
| 45 | — | ISHARES TR - CORE 80 20 ETF | — | $381K | 0.1% | 3,903 | +9% | |||
| 46 | $YUMC | Yum China Holdings, Inc. | Consumer Discretionary | $362K | 0.1% | 8,853 | — | |||
| 47 | $MELI | MERCADOLIBRE INC | Consumer Discretionary | $345K | 0.1% | 203 | — | |||
| 48 | $WBD | Warner Bros. Discovery, Inc. | Communication Services | $339K | 0.1% | 13K | — | |||
| 49 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $338K | 0.1% | 958 | — | |||
| 50 | — | VANGUARD BD INDEX FDS - VANGUARD ULTRA | — | $315K | 0.1% | 6,323 | -25% | |||
| 51 | — | ISHARES TR - ULTRA SHORT DUR | — | $307K | 0.1% | 6,067 | -26% | |||
| 52 | $CMI | CUMMINS INC | Industrials | $267K | 0.1% | 374 | — | |||
| 53 | — | J P MORGAN EXCHANGE TRADED F - ULTRA SHT MUNCPL | — | $255K | 0.1% | 5,003 | — | |||
| 54 | — | ISHARES TR - RUS 1000 ETF | — | $255K | 0.1% | 622 | New | |||
| 55 | — | DIMENSIONAL ETF TRUST - CORE FIXE IN ETF | — | $243K | 0.1% | 5,754 | — | |||
| 56 | $VTOL | Bristow Group Inc. | Industrials | $239K | 0.1% | 5,776 | +0.3% | |||
| 57 | $AON | Aon plc | Financials | $235K | 0.1% | 707 | — | |||
| 58 | — | ISHARES TR - 0-3 MTH TREASURY | — | $211K | 0.1% | 2,092 | -34% | |||
| 59 | — | ISHARES TR - CORE US AGGBD ET | — | $210K | 0.1% | 2,117 | — | |||
| 60 | — | ISHARES TR - RUS 1000 GRW ETF | — | $201K | 0.1% | 1,620 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 2 new, 32 added to, 11 trimmed, 1 sold out. Share-count changes; largest moves by dollar size first.
New positions (2)
- ISHARES TR - RUS 1000 ETF$255K
first bought this quarter
- ISHARES TR - RUS 1000 GRW ETF$201K
first bought this quarter
Added to (32)
- DIMENSIONAL ETF TRUST - WORLD EX US CORE+0.9%
now $88.8M
- DIMENSIONAL ETF TRUST - US COR EQU 2 ETF+0.5%
now $114.0M
$IAUISHARES GOLD TRUST+7%
now $3.6M · held 5 qtrs, 2 adds in a row
- BLACKROCK ETF TRUST II - ISHA FLEX IN ETF+1%
now $11.4M
- ISHARES TR - CORE UNIVRSL USD+2%
now $9.1M
- ISHARES TR - CORE INTL AGGR+0.9%
now $7.8M
+26 more in the Excel export
Trimmed (11)
- ISHARES TR - 0-3 MTH TREASURY-34%
now $211K
- VANGUARD BD INDEX FDS - VANGUARD ULTRA-25%
now $315K
- ISHARES TR - ULTRA SHORT DUR-26%
now $307K
- ISHARES TR - TRS FLT RT BD-2%
now $5.0M
now $4.0M · held 6 qtrs
now $22.4M · held 10+ qtrs
+5 more in the Excel export
Sold out (1)
- ISHARES U S ETF TRwas $209K
Holdings by quarter
Every 13F New Capital Management LP has filed, 36 earlier quarters. Pick one to see what it held then.
Is it too late to follow New Capital Management?
Q2 2026 13F filed with the SEC on Jul 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of New Capital Management's top 20 holdings: 74/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)
Top 10 since filing
+6.1%
Value-weighted move of the 10 largest stock positions
Turnover
0%
Last quarter; 8% over the last 4
Top 10 weight
78%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
99%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
New Capital Management LP disclosed 60 positions worth $439.0M in its Form 13F-HR for Q2 2026. During the quarter the fund opened 2 new positions and exited 1. The portfolio is most concentrated in Other (72.7% of disclosed assets). All figures are sourced directly from New Capital Management LP’s Form 13F-HR filing with the SEC under CIK 1696731.
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