New Capital Management LP
CIK 1696731 · View on SEC EDGAR ↗
- Portfolio value
- $439.0M
- Positions
- 60
- As of
- June 30, 2026
#4,133 of 9,443 by 13F value · top 43.8%
Portfolio value QoQ: +8.2% 13F does not disclose cash
- Top 10 holdings weight
- 77.58%
- Top 25 holdings weight
- 93.71%
- Positions above 1%
- 18
- Effective number of positions
- 7.6
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 0.19% Est. buys $3,019,913 · sells $807,551
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 82.2% still held
- New positions
- 2
- Increased
- 32
- Decreased
- 11
- Closed
- 1
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
7.2%
Communication Services
2.1%
Consumer Staples
1.6%
Retail
0.6%
Consumer Discretionary
0.4%
Healthcare
0.3%
Real Estate
0.2%
Financial Services
0.2%
Energy
0.2%
Industrials
0.1%
Financials
0.1%
Other/Unmapped
87.0%
Full portfolio 60 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| DFAC | $114,013,913 | 25.97% | 2,570,196 | $14,626,132 | Up ×1 | ||
| DFAX | $88,792,640 | 20.22% | 2,410,224 | $7,678,909 | Up ×6 | ||
| BRKB | $53,606,781 | 12.21% | 107,130 | $2,249,959 | Down ×5 | ||
| AAPL Apple Inc. - Common Stock | $22,361,037 | 5.09% | 77,278 | $2,719,594 | Down ×6 | ||
| EBI Longview Advantage ETF | $13,861,064 | 3.16% | 213,409 | $1,513,006 | |||
| DFSU | $11,560,127 | 2.63% | 247,912 | $1,390,771 | Up ×1 | ||
| BINC | $11,427,494 | 2.60% | 218,332 | $237,047 | Up ×3 | ||
| IUSB iShares Core Universal USD Bond ETF | $9,078,573 | 2.07% | 196,719 | $128,519 | Up ×4 | ||
| DFSI | $8,117,369 | 1.85% | 179,986 | $479,221 | Down ×3 | ||
| IAGG | $7,783,899 | 1.77% | 153,832 | $158,048 | Up ×2 | ||
| PEP PepsiCo, Inc. - Common Stock | $7,145,364 | 1.63% | 52,772 | $-1,049,640 | |||
| GOOG Alphabet Inc. - Class C Capital Stock | $6,323,110 | 1.44% | 17,896 | $1,178,826 | Down ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $5,697,097 | 1.30% | 28,473 | $735,908 | Up ×2 | ||
| DFGR | $5,578,398 | 1.27% | 192,558 | $511,357 | Up ×2 | ||
| STIP | $5,316,013 | 1.21% | 52,036 | $-6,003 | Up ×1 | ||
| TFLO | $4,997,390 | 1.14% | 98,704 | $-99,960 | Down ×4 | ||
| JBND JPMorgan Active Bond ETF | $4,390,915 | 1.00% | 82,073 | $27,495 | Up ×1 | ||
| VGMS | $4,389,149 | 1.00% | 85,575 | $74,942 | Up ×1 | ||
| JPIB | $4,101,026 | 0.93% | 84,820 | $79,100 | Up ×1 | ||
| IBIT iShares Bitcoin Trust ETF | $3,981,067 | 0.91% | 119,587 | $-695,531 | Down ×1 | ||
| CEMB | $3,874,052 | 0.88% | 84,864 | $71,117 | Up ×4 | ||
| GHYG | $3,845,988 | 0.88% | 84,919 | $58,202 | Up ×4 | ||
| LEMB | $3,844,011 | 0.88% | 90,597 | $181,659 | Up ×4 | ||
| ISHG iShares 1-3 Year International Treasury Bond ETF | $3,772,379 | 0.86% | 50,810 | $45,005 | Up ×4 | ||
| IAU | $3,563,512 | 0.81% | 47,193 | $-341,006 | Up ×2 | ||
| DFSE | $3,315,692 | 0.76% | 67,834 | $422,816 | Down ×4 | ||
| MSFT Microsoft Corporation - Common Stock | $3,121,890 | 0.71% | 8,369 | $34,782 | Up ×2 | ||
| LQD | $2,824,654 | 0.64% | 25,898 | $23,765 | Up ×1 | ||
| VT | $1,654,602 | 0.38% | 10,542 | $199,001 | Up ×2 | ||
| YUM Yum! Brands, Inc. | $1,384,718 | 0.32% | 8,662 | $37,940 | |||
| GOOGL Alphabet Inc. - Class A Common Stock | $1,110,819 | 0.25% | 3,108 | $223,912 | Up ×2 | ||
| KIM Kimco Realty Corporation (HC) Common Stock | $1,096,489 | 0.25% | 43,254 | $124,572 | |||
| AMZN Amazon.com, Inc. - Common Stock | $1,078,119 | 0.25% | 4,523 | $156,222 | Up ×1 | ||
| MA Mastercard Incorporated Common Stock | $963,074 | 0.22% | 1,875 | $36,153 | Up ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $948,104 | 0.22% | 1,683 | $-9,705 | Up ×2 | ||
| ABBV AbbVie Inc. Common Stock | $821,175 | 0.19% | 3,263 | $113,317 | Up ×2 | ||
| COST Costco Wholesale Corporation - Common Stock | $813,156 | 0.19% | 869 | $-46,015 | Up ×1 | ||
| ACWI iShares MSCI ACWI ETF | $718,060 | 0.16% | 4,575 | $85,086 | |||
| AVGO Broadcom Inc. - Common Stock | $646,730 | 0.15% | 1,712 | $107,931 | Down ×2 | ||
| AOR | $624,451 | 0.14% | 8,985 | $63,325 | Up ×4 | ||
| SPY SPY | $598,859 | 0.14% | 802 | $77,331 | |||
| NFLX Netflix, Inc. - Common Stock | $531,216 | 0.12% | 7,440 | $-178,371 | Up ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $464,278 | 0.11% | 3,396 | $-104,888 | Up ×2 | ||
| LLY Eli Lilly and Company Common Stock | $408,016 | 0.09% | 340 | $108,046 | Up ×1 | ||
| AOA | $380,908 | 0.09% | 3,903 | $62,585 | Up ×1 | ||
| YUMC Yum China Holdings, Inc. Common Stock | $361,810 | 0.08% | 8,853 | $-70,025 | |||
| MELI MercadoLibre, Inc. - Common Stock | $344,570 | 0.08% | 203 | $-6,421 | |||
| WBD Warner Bros. Discovery, Inc. - Series A Common Stock | $338,582 | 0.08% | 12,700 | $-10,160 | |||
| HD Home Depot, Inc. (The) Common Stock | $337,693 | 0.08% | 958 | $22,779 | |||
| VUSB | $314,759 | 0.07% | 6,323 | $-105,775 | Down ×6 | ||
| ICSH | $306,869 | 0.07% | 6,067 | $-105,633 | Down ×5 | ||
| CMI Cummins Inc. Common Stock | $266,908 | 0.06% | 374 | $65,562 | |||
| JMST | $255,153 | 0.06% | 5,003 | $100 | |||
| IWB | $254,709 | 0.06% | 622 | Up ×1 | |||
| DFCF | $242,876 | 0.06% | 5,754 | $-58 | |||
| VTOL Bristow Group, Inc. Common Stock | $238,656 | 0.05% | 5,776 | $-31,365 | Up ×1 | ||
| AON Aon plc Class A Ordinary Shares (Ireland) | $234,514 | 0.05% | 707 | $6,299 | |||
| SGOV iShares 0-3 Month Treasury Bond ETF | $210,602 | 0.05% | 2,092 | $-108,994 | Down ×5 | ||
| AGG | $209,584 | 0.05% | 2,117 | $-614 | |||
| IWF | $201,155 | 0.05% | 1,620 | Up ×1 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| IWB | $254,709 | 622 | 0.06% |
| IWF | $201,155 | 1,620 | 0.05% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| DFAC | Bought more | +13K | +$14.6M |
| DFAX | Bought more | +22K | +$7.7M |
| AAPL | Trimmed | -115 | +$2.7M |
| BRKB | Trimmed | -42 | +$2.2M |
| EBI | Price move only | +0 | +$1.5M |
| DFSU | Bought more | +422 | +$1.4M |
| GOOG | Trimmed | -37 | +$1.2M |
| PEP | Price move only | +0 | -$1.0M |
| NVDA | Bought more | +26 | +$736K |
| IBIT | Trimmed | -2K | -$696K |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| VTI | June 30, 2025 | 1,983 | $544,966 | No longer tracked |
| QQQ | March 31, 2025 | 910 | $465,219 | |
| VOO | March 31, 2025 | 852 | $459,066 | No longer tracked |
| BSV | Sept. 30, 2025 | 4,516 | $355,375 | No longer tracked |
| SHY | Sept. 30, 2025 | 4,000 | $331,440 | |
| JPST | March 31, 2026 | 6,456 | $326,609 | No longer tracked |
| HD | March 31, 2025 | 779 | $302,831 | -8.4% |
| SHYM | June 30, 2025 | 11,160 | $252,997 | No longer tracked |
| DUSB | Dec. 31, 2025 | 4,470 | $226,987 | No longer tracked |
| TMO | March 31, 2025 | 433 | $225,055 | 24.7% |
| NEAR | June 30, 2026 | 4,117 | $209,288 | No longer tracked |
| CSX | March 31, 2025 | 6,453 | $208,248 | 74.9% |
| SHV | Sept. 30, 2025 | 1,815 | $200,412 | |
| IVV | June 30, 2025 | 356 | $200,036 | No longer tracked |