New Capital Management LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 14, 2026), New Capital Management LP reported 59 stock positions worth $405.7 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 24.5% of the portfolio, followed by Dimensional World Ex US Core (DFAX, 20.0%) and Berkshire Hathaway Class B (BRK.B, 12.7%). Compared with Q4 2025, it opened 5 new positions, sold out of 1, added to 20 and reduced 20. The biggest buy was a new position in JPMorgan Intl BND ETF (JPIB) and the biggest sale Dimensional US Core Equity 2 (DFAC, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- HOUSTON, TX
- CIK
- 0001696731
- Portfolio Value
- $405.7M (Q1 2026)
- SEC Filing
- 0001696731-26-000002 ↗ filed Apr 14, 2026
Holdings Value
Holdings 59 stocks · $405.7M
| DFAC Dimensional US Core Equity 2 | 24.50% | 2,557,586 | $99.4M | Reduce -3.9% |
| DFAX Dimensional World Ex US Core | 20.00% | 2,387,805 | $81.1M | Add +1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 12.66% | 107,172 | $51.4M | Reduce -0.4% |
| AAPL Apple Inc. | 4.84% | 77,393 | $19.6M | Reduce -0.9% |
| EBI Longview Advantage ETF | 3.04% | 213,409 | $12.3M | No change |
| BINC iShares Flex I A ETF-Usd Inc. | 2.76% | 215,491 | $11.2M | Add +6.0% |
| DFSU Dimensional US Sus CORE1 ETF | 2.51% | 247,490 | $10.2M | Reduce -7.1% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 2.21% | 193,766 | $9.0M | Add +4.6% |
| PEP Pepsico Inc. | 2.02% | 52,772 | $8.2M | Reduce -0.5% |
| DFSI Dimensional Int Sus COR1 ETF | 1.88% | 180,145 | $7.6M | Reduce -1.0% |
| IAGG iShares Intl Aggregate Bond | 1.88% | 152,395 | $7.6M | Add +57.5% |
| STIP iShares 0-5 Year Tips Bond E | 1.31% | 51,455 | $5.3M | Reduce -17.6% |
| GOOG Alphabet Inc. Class C | 1.27% | 17,933 | $5.1M | Add +5.4% |
| TFLO iShares Treasury Floating Ra | 1.26% | 100,678 | $5.1M | Reduce -0.9% |
| DFGR Dim Global Real Estate ETF | 1.25% | 190,634 | $5.1M | Add +28.3% |
| NVDA Nvidia Corp. | 1.22% | 28,447 | $5.0M | Add +0.5% |
| IBIT iShares Bitcoin Trust ETF | 1.15% | 121,723 | $4.7M | Add +24.6% |
| JBND JPMorgan Active Bond ETF | 1.08% | 81,150 | $4.4M | Reduce -15.3% |
| VGMS Vanguard Multi-Sector | 1.06% | 84,586 | $4.3M | Reduce -16.3% |
| JPIB JPMorgan Intl BND ETF | 0.99% | 84,106 | $4.0M | New |
| IAU iShares Gold Trust | 0.96% | 44,289 | $3.9M | Add +1262.7% |
| CEMB iShares JP Morgan Em Corpora | 0.94% | 83,987 | $3.8M | Add +50.5% |
| GHYG iShares Us&intl High Yield C | 0.93% | 83,968 | $3.8M | Add +52.1% |
| ISHG iShares -3 Year Internationa | 0.92% | 50,245 | $3.7M | Add +49.9% |
| LEMB iShares JP Morgan Em Local C | 0.90% | 89,764 | $3.7M | Add +41.6% |
| MSFT Microsoft Corp. | 0.76% | 8,340 | $3.1M | Add +11.9% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.71% | 68,277 | $2.9M | Reduce -8.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.69% | 25,699 | $2.8M | New |
| VT Vanguard Tot World STK ETF | 0.36% | 10,523 | $1.5M | Add +0.7% |
| YUM Yum! Brands Inc. | 0.33% | 8,662 | $1.3M | No change |
| KIM Kimco Realty Corp. | 0.24% | 43,254 | $972K | No change |
| META Meta Platforms Inc. Class A | 0.24% | 1,674 | $958K | Add +11.8% |
| MA Mastercard Inc. Class A | 0.23% | 1,855 | $927K | Reduce -4.0% |
| AMZN Amazon.com Inc. | 0.23% | 4,426 | $922K | Reduce -2.2% |
| GOOGL Alphabet Inc. Class A | 0.22% | 3,084 | $887K | Add +8.9% |
| COST Costco Wholesale Corp. | 0.21% | 862 | $859K | No change |
| NFLX Netflix Inc. | 0.17% | 7,380 | $710K | No change |
| ABBV Abbvie Inc. | 0.17% | 3,255 | $708K | Add +0.3% |
| ACWI iShares MSCI Acwi ETF | 0.16% | 4,575 | $633K | No change |
| XOM Exxon Mobil Corp. | 0.14% | 3,355 | $569K | Add +2.0% |
| AOR iShares Core 60/40 Balanced | 0.14% | 8,720 | $561K | Add +0.1% |
| AVGO Broadcom Inc. | 0.13% | 1,741 | $539K | Reduce -3.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.13% | 802 | $522K | No change |
| YUMC Yum China Holdings Inc. | 0.11% | 8,853 | $432K | No change |
| VUSB Vanguard Ultra Short Bond Et | 0.10% | 8,447 | $421K | Reduce -2.3% |
| ICSH iShares Ultra Short Duration | 0.10% | 8,149 | $413K | Reduce -2.4% |
| MELI MercadoLibre Inc. | 0.09% | 203 | $351K | No change |
| WBD Warner Bros Discovery Inc. | 0.09% | 12,700 | $349K | No change |
| SGOV iShares 0-3 Month Treasury B | 0.08% | 3,175 | $320K | Reduce -1.6% |
| AOA iShares Core 80/20 Aggressiv | 0.08% | 3,597 | $318K | Reduce -1.4% |
| HD Home Depot Inc. | 0.08% | 958 | $315K | New |
| LLY Eli Lilly & Co. | 0.07% | 326 | $300K | No change |
| VTOL Bristow Group Inc. | 0.07% | 5,759 | $270K | New |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.06% | 5,003 | $255K | Reduce -85.6% |
| DFCF Dimensional Core Fixed Inc. | 0.06% | 5,754 | $243K | No change |
| AON Aon PLC Class A | 0.06% | 707 | $228K | No change |
| AGG iShares Core U.S. Aggregate | 0.05% | 2,117 | $210K | No change |
| NEAR iShares SH Dba ETF Usd Inc. | 0.05% | 4,117 | $209K | Reduce -4.4% |
| CMI Cummins Inc. | 0.05% | 374 | $201K | New |
Portfolio Sells Q4 2025 → Q1 2026
| DFAC Dimensional US Core Equity 2 | Reduce -3.9% | 24.50% | −1.96 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.4% | 12.66% | −0.93 |
| AAPL Apple Inc. | Reduce -0.9% | 4.84% | −0.49 |
| DFSU Dimensional US Sus CORE1 ETF | Reduce -7.1% | 2.51% | −0.40 |
| JMST JPM Ultra-Short Muni Income | Reduce -85.6% | 0.06% | −0.38 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -17.6% | 1.31% | −0.29 |
| VGMS Vanguard Multi-Sector | Reduce -16.3% | 1.06% | −0.25 |
| JBND JPMorgan Active Bond ETF | Reduce -15.3% | 1.08% | −0.23 |
| JPST JPMorgan Ultra-Short Income | Sold out | 0.00% | −0.08 |
| DFSI Dimensional Int Sus COR1 ETF | Reduce -1.0% | 1.88% | −0.08 |
| DFSE Dimensional Em Sus CORE1 ETF | Reduce -8.1% | 0.71% | −0.06 |
| MA Mastercard Inc. Class A | Reduce -4.0% | 0.23% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -2.2% | 0.23% | −0.04 |
| TFLO iShares Treasury Floating Ra | Reduce -0.9% | 1.26% | −0.03 |
| AVGO Broadcom Inc. | Reduce -3.2% | 0.13% | −0.02 |
| VUSB Vanguard Ultra Short Bond Et | Reduce -2.3% | 0.10% | −0.00 |
| ICSH iShares Ultra Short Duration | Reduce -2.4% | 0.10% | −0.00 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -4.4% | 0.05% | −0.00 |
| AOA iShares Core 80/20 Aggressiv | Reduce -1.4% | 0.08% | −0.00 |
| SGOV iShares 0-3 Month Treasury B | Reduce -1.6% | 0.08% | −0.00 |
| PEP Pepsico Inc. | Reduce -0.5% | 2.02% | +0.11 |
Portfolio Buys Q4 2025 → Q1 2026
| JPIB JPMorgan Intl BND ETF | New | 0.99% | +0.99 |
| IAU iShares Gold Trust | Add +1262.7% | 0.96% | +0.90 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 0.69% | +0.69 |
| IAGG iShares Intl Aggregate Bond | Add +57.5% | 1.88% | +0.66 |
| DFAX Dimensional World Ex US Core | Add +1.5% | 20.00% | +0.66 |
| CEMB iShares JP Morgan Em Corpora | Add +50.5% | 0.94% | +0.29 |
| GHYG iShares Us&intl High Yield C | Add +52.1% | 0.93% | +0.29 |
| ISHG iShares -3 Year Internationa | Add +49.9% | 0.92% | +0.29 |
| DFGR Dim Global Real Estate ETF | Add +28.3% | 1.25% | +0.26 |
| LEMB iShares JP Morgan Em Local C | Add +41.6% | 0.90% | +0.24 |
| HD Home Depot Inc. | New | 0.08% | +0.08 |
| VTOL Bristow Group Inc. | New | 0.07% | +0.07 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +6.0% | 2.76% | +0.06 |
| CMI Cummins Inc. | New | 0.05% | +0.05 |
| XOM Exxon Mobil Corp. | Add +2.0% | 0.14% | +0.04 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +4.6% | 2.21% | +0.04 |
| AOR iShares Core 60/40 Balanced | Add +0.1% | 0.14% | −0.00 |
| GOOGL Alphabet Inc. Class A | Add +8.9% | 0.22% | −0.00 |
| VT Vanguard Tot World STK ETF | Add +0.7% | 0.36% | −0.01 |
| ABBV Abbvie Inc. | Add +0.3% | 0.17% | −0.01 |
| META Meta Platforms Inc. Class A | Add +11.8% | 0.24% | −0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +24.6% | 1.15% | −0.07 |
| GOOG Alphabet Inc. Class C | Add +5.4% | 1.27% | −0.07 |
| NVDA Nvidia Corp. | Add +0.5% | 1.22% | −0.10 |
| MSFT Microsoft Corp. | Add +11.9% | 0.76% | −0.14 |
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 |