New Capital Management LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 11, 2024), New Capital Management LP reported 54 stock positions worth $325.9 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 27.6% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 16.7%) and Berkshire Hathaway Class B (BRK.B, 14.9%). Compared with Q1 2024, it opened 3 new positions, sold out of 6, added to 12 and reduced 19. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +9%) and the biggest sale an exit from iShares Core S&P Total U.S. (ITOT).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001696731
- Portfolio Value
- $325.9M (Q2 2024)
- SEC Filing
- 0001696731-24-000003 ↗ filed Jul 11, 2024
Holdings Value
Holdings 54 stocks · $325.9M
| DFAC Dimensional US Core Equity 2 | 27.65% | 2,795,126 | $90.1M | Add +0.3% |
| DFAX Dimensional World Ex US Core | 16.68% | 2,138,175 | $54.4M | Reduce 0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 14.92% | 119,537 | $48.6M | Add +9.5% |
| AAPL Apple Inc. | 5.39% | 83,444 | $17.6M | Reduce -4.2% |
| AGG iShares Core U.S. Aggregate | 4.12% | 138,321 | $13.4M | Reduce -22.7% |
| STIP iShares 0-5 Year Tips Bond E | 3.42% | 112,109 | $11.2M | Reduce -0.5% |
| DFSU Dimensional US Sus CORE1 ETF | 3.34% | 312,657 | $10.9M | Add +0.7% |
| DFCF Dimensional Core Fixed Inc. | 3.07% | 241,138 | $10.0M | Reduce -1.9% |
| PEP Pepsico Inc. | 2.95% | 58,296 | $9.6M | No change |
| DFGR Dim Global Real Estate ETF | 2.26% | 295,134 | $7.4M | Add +1.9% |
| IAGG iShares Intl Aggregate Bond | 2.01% | 131,375 | $6.6M | Reduce -27.9% |
| DFSI Dimensional Int Sus COR1 ETF | 1.43% | 141,457 | $4.7M | Add +4.6% |
| TFLO iShares Treasury Floating Ra | 1.33% | 85,868 | $4.4M | Reduce -2.3% |
| MSFT Microsoft Corp. | 1.13% | 8,252 | $3.7M | Add +1.1% |
| SHV iShares 0-1 Year Treasury Bo | 0.99% | 29,335 | $3.2M | Reduce -3.0% |
| SHY iShares 1-3 Year Treasury Bo | 0.90% | 35,808 | $2.9M | Reduce -2.4% |
| BSV Vanguard Short-Term Bond ETF | 0.85% | 36,099 | $2.8M | Reduce -2.6% |
| VUSB Vanguard Ultra Short Bond Et | 0.61% | 40,288 | $2.0M | Reduce -2.1% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.59% | 57,858 | $1.9M | Add +1.7% |
| JPST JPMorgan Ultra-Short Income | 0.50% | 32,569 | $1.6M | Reduce -2.3% |
| AMZN Amazon.com Inc. | 0.48% | 8,170 | $1.6M | Reduce -10.9% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.43% | 27,639 | $1.4M | Reduce -3.4% |
| VT Vanguard Tot World STK ETF | 0.36% | 10,382 | $1.2M | Reduce -0.7% |
| YUM Yum! Brands Inc. | 0.35% | 8,662 | $1.1M | No change |
| KIM Kimco Realty Corp. | 0.35% | 58,320 | $1.1M | No change |
| MA Mastercard Inc. Class A | 0.29% | 2,142 | $945K | No change |
| META Meta Platforms Inc. Class A | 0.25% | 1,608 | $811K | No change |
| COST Costco Wholesale Corp. | 0.23% | 884 | $752K | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.19% | 1 | $612K | Reduce -50.0% |
| XOM Exxon Mobil Corp. | 0.18% | 5,200 | $599K | Add +18.2% |
| ICSH iShares Ultra Short Duration | 0.18% | 11,508 | $581K | Reduce -6.5% |
| OXY Occidental Petroleum Corp. | 0.18% | 9,112 | $574K | No change |
| GOOG Alphabet Inc. Class C | 0.17% | 3,060 | $561K | No change |
| GOOGL Alphabet Inc. Class A | 0.17% | 3,024 | $551K | No change |
| ACWI iShares MSCI Acwi ETF | 0.16% | 4,648 | $522K | No change |
| ABBV Abbvie Inc. | 0.16% | 3,000 | $515K | No change |
| AOR iShares Core 60/40 Balanced | 0.15% | 8,936 | $503K | Add +11.2% |
| NFLX Netflix Inc. | 0.15% | 738 | $498K | No change |
| SGOV iShares 0-3 Month Treasury B | 0.15% | 4,769 | $480K | Reduce -7.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 922 | $442K | Add +5.9% |
| VOO Vanguard S&P 500 ETF | 0.13% | 866 | $433K | Add +6.5% |
| MELI MercadoLibre Inc. | 0.10% | 200 | $329K | No change |
| NEAR iShares SH Dba ETF Usd Inc. | 0.09% | 5,580 | $281K | Reduce -11.1% |
| EEM iShares MSCI Emerging Market | 0.08% | 6,493 | $277K | New |
| YUMC Yum China Holdings Inc. | 0.08% | 8,853 | $273K | No change |
| HD Home Depot Inc. | 0.08% | 772 | $266K | No change |
| CSX CSX Corp. | 0.08% | 7,884 | $264K | No change |
| AOA iShares Core 80/20 Aggressiv | 0.08% | 3,420 | $256K | Add +0.7% |
| SHYM iShares Short Duration High | 0.08% | 11,160 | $253K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.07% | 433 | $239K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.07% | 437 | $238K | New |
| AZO AutoZone Inc. | 0.07% | 75 | $222K | No change |
| AON Aon PLC Class A | 0.07% | 741 | $218K | No change |
| WBD Warner Bros Discovery Inc. | 0.03% | 12,700 | $94K | New |
Portfolio Sells Q1 2024 → Q2 2024
| ITOT iShares Core S&P Total U.S. | Sold out | 0.00% | −1.21 |
| AGG iShares Core U.S. Aggregate | Reduce -22.7% | 4.12% | −1.12 |
| IAGG iShares Intl Aggregate Bond | Reduce -27.9% | 2.01% | −0.71 |
| IEFA iShares Core MSCI Eafe ETF | Sold out | 0.00% | −0.61 |
| DGRO iShares Core Dividend Growth | Sold out | 0.00% | −0.29 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -50.0% | 0.19% | −0.19 |
| IEMG iShares Core MSCI Emerging | Sold out | 0.00% | −0.18 |
| COP Conocophillips | Sold out | 0.00% | −0.06 |
| CMPX Compass Therapeutics Inc. | Sold out | 0.00% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -10.9% | 0.48% | −0.01 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -11.1% | 0.09% | −0.01 |
| SGOV iShares 0-3 Month Treasury B | Reduce -7.7% | 0.15% | −0.01 |
| ICSH iShares Ultra Short Duration | Reduce -6.5% | 0.18% | −0.01 |
| DFCF Dimensional Core Fixed Inc. | Reduce -1.9% | 3.07% | −0.00 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -3.0% | 0.99% | −0.00 |
| JMST JPM Ultra-Short Muni Income | Reduce -3.4% | 0.43% | −0.00 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -2.4% | 0.90% | +0.00 |
| BSV Vanguard Short-Term Bond ETF | Reduce -2.6% | 0.85% | +0.00 |
| JPST JPMorgan Ultra-Short Income | Reduce -2.3% | 0.50% | +0.00 |
| VUSB Vanguard Ultra Short Bond Et | Reduce -2.1% | 0.61% | +0.00 |
| TFLO iShares Treasury Floating Ra | Reduce -2.3% | 1.33% | +0.00 |
| VT Vanguard Tot World STK ETF | Reduce -0.7% | 0.36% | +0.01 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -0.5% | 3.42% | +0.08 |
| DFAX Dimensional World Ex US Core | Reduce 0.0% | 16.68% | +0.43 |
| AAPL Apple Inc. | Reduce -4.2% | 5.39% | +0.93 |
Portfolio Buys Q1 2024 → Q2 2024
| BRK.B Berkshire Hathaway Inc. Class B | Add +9.5% | 14.92% | +1.21 |
| DFAC Dimensional US Core Equity 2 | Add +0.3% | 27.65% | +1.05 |
| DFSU Dimensional US Sus CORE1 ETF | Add +0.7% | 3.34% | +0.15 |
| MSFT Microsoft Corp. | Add +1.1% | 1.13% | +0.11 |
| EEM iShares MSCI Emerging Market | New | 0.08% | +0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.07% | +0.07 |
| DFSI Dimensional Int Sus COR1 ETF | Add +4.6% | 1.43% | +0.07 |
| DFGR Dim Global Real Estate ETF | Add +1.9% | 2.26% | +0.05 |
| DFSE Dimensional Em Sus CORE1 ETF | Add +1.7% | 0.59% | +0.05 |
| XOM Exxon Mobil Corp. | Add +18.2% | 0.18% | +0.03 |
| WBD Warner Bros Discovery Inc. | New | 0.03% | +0.03 |
| AOR iShares Core 60/40 Balanced | Add +11.2% | 0.15% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +5.9% | 0.14% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +6.5% | 0.13% | +0.02 |
| AOA iShares Core 80/20 Aggressiv | Add +0.7% | 0.08% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 60 | $439.0M | DFAC, DFAX, BRK.B, AAPL, EBI |
| Q1 2026 | 59 | $405.7M | DFAC, DFAX, BRK.B, AAPL, EBI |
| Q4 2025 | 55 | $398.1M | DFAC, DFAX, BRK.B, AAPL, EBI |
| Q3 2025 | 54 | $381.7M | DFAC, DFAX, BRK.B, AAPL, EBI |
| Q2 2025 | 56 | $358.3M | DFAC, DFAX, BRK.B, AAPL, EBI |
| Q1 2025 | 50 | $348.5M | DFAC, BRK.B, DFAX, AAPL, BINC |
| Q4 2024 | 51 | $342.0M | DFAC, DFAX, BRK.B, AAPL, DFSU |
| Q3 2024 | 52 | $354.3M | DFAC, DFAX, BRK.B, AAPL, AGG |
| Q2 2024 | 54 | $325.9M | DFAC, DFAX, BRK.B, AAPL, AGG |
| Q1 2024 | 57 | $334.9M | DFAC, DFAX, BRK.B, AGG, AAPL |