# New Capital Management LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1696731. Source: https://holderbook.com/funds/1696731-new-capital-management-lp/

- Reported value: $439.0M
- Positions: 60
- Weight of the ten largest: 77.6%
- Filed: 2026-07-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $114.0M | 2,570,196 | 26.0% | 16 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $88.8M | 2,410,224 | 20.2% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $53.6M | 107,130 | 12.2% | 29 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $22.4M | 77,278 | 5.1% | 29 |
| RBB FUND TRUST | [EBI](https://holderbook.com/stocks/EBI/) | $13.9M | 213,409 | 3.2% | 6 |
| DIMENSIONAL ETF TRUST | [DFSU](https://holderbook.com/stocks/DFSU/) | $11.6M | 247,912 | 2.6% | 13 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $11.4M | 218,332 | 2.6% | 6 |
| ISHARES TR | [IUSB](https://holderbook.com/stocks/IUSB/) | $9.1M | 196,719 | 2.1% | 5 |
| DIMENSIONAL ETF TRUST | [DFSI](https://holderbook.com/stocks/DFSI/) | $8.1M | 179,986 | 1.8% | 13 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $7.8M | 153,832 | 1.8% | 22 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $7.1M | 52,772 | 1.6% | 29 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $6.3M | 17,896 | 1.4% | 13 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $5.7M | 28,473 | 1.3% | 5 |
| DIMENSIONAL ETF TRUST | [DFGR](https://holderbook.com/stocks/DFGR/) | $5.6M | 192,558 | 1.3% | 14 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $5.3M | 52,036 | 1.2% | 29 |
| ISHARES TR | [TFLO](https://holderbook.com/stocks/TFLO/) | $5.0M | 98,704 | 1.1% | 22 |
| J P MORGAN EXCHANGE TRADED F | [JBND](https://holderbook.com/stocks/JBND/) | $4.4M | 82,073 | 1.0% | 3 |
| VANGUARD MALVERN FDS | [VGMS](https://holderbook.com/stocks/VGMS/) | $4.4M | 85,575 | 1.0% | 3 |
| J P MORGAN EXCHANGE TRADED F | [JPIB](https://holderbook.com/stocks/JPIB/) | $4.1M | 84,820 | 0.9% | 2 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $4.0M | 119,587 | 0.9% | 6 |
| ISHARES INC | [CEMB](https://holderbook.com/stocks/CEMB/) | $3.9M | 84,864 | 0.9% | 5 |
| ISHARES INC | [GHYG](https://holderbook.com/stocks/GHYG/) | $3.8M | 84,919 | 0.9% | 5 |
| ISHARES INC | [LEMB](https://holderbook.com/stocks/LEMB/) | $3.8M | 90,597 | 0.9% | 5 |
| ISHARES TR | [ISHG](https://holderbook.com/stocks/ISHG/) | $3.8M | 50,810 | 0.9% | 5 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $3.6M | 47,193 | 0.8% | 5 |
| DIMENSIONAL ETF TRUST | [DFSE](https://holderbook.com/stocks/DFSE/) | $3.3M | 67,834 | 0.8% | 13 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.1M | 8,369 | 0.7% | 29 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $2.8M | 25,898 | 0.6% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $1.7M | 10,542 | 0.4% | 29 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $1.4M | 8,662 | 0.3% | 29 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.1M | 3,108 | 0.3% | 13 |
| KIMCO REALTY CORP | [KIM](https://holderbook.com/stocks/KIM/) | $1.1M | 43,254 | 0.2% | 19 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.1M | 4,523 | 0.2% | 29 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $963.1K | 1,875 | 0.2% | 13 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $948.1K | 1,683 | 0.2% | 13 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $821.2K | 3,263 | 0.2% | 17 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $813.2K | 869 | 0.2% | 29 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $718.1K | 4,575 | 0.2% | 29 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $646.7K | 1,712 | 0.1% | 7 |
| ISHARES TR | [AOR](https://holderbook.com/stocks/AOR/) | $624.5K | 8,985 | 0.1% | 13 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $598.9K | 802 | 0.1% | 5 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $531.2K | 7,440 | 0.1% | 11 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $464.3K | 3,396 | 0.1% | 17 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $408.0K | 340 | 0.1% | 5 |
| ISHARES TR | [AOA](https://holderbook.com/stocks/AOA/) | $380.9K | 3,903 | 0.1% | 10 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $361.8K | 8,853 | 0.1% | 29 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $344.6K | 203 | 0.1% | 11 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $338.6K | 12,700 | 0.1% | 9 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $337.7K | 958 | 0.1% | 2 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $314.8K | 6,323 | 0.1% | 14 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $306.9K | 6,067 | 0.1% | 14 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $266.9K | 374 | 0.1% | 2 |
| J P MORGAN EXCHANGE TRADED F | [JMST](https://holderbook.com/stocks/JMST/) | $255.2K | 5,003 | 0.1% | 14 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $254.7K | 622 | 0.1% | 1 |
| DIMENSIONAL ETF TRUST | [DFCF](https://holderbook.com/stocks/DFCF/) | $242.9K | 5,754 | 0.1% | 11 |
| BRISTOW GROUP INC | [VTOL](https://holderbook.com/stocks/VTOL/) | $238.7K | 5,776 | 0.1% | 2 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $234.5K | 707 | 0.1% | 14 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $210.6K | 2,092 | 0.0% | 14 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $209.6K | 2,117 | 0.0% | 29 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $201.2K | 1,620 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +7.7% | +14.8% | -7.1% | 100% |
| Q1 2026 | -1.5% | -4.6% | +3.1% | 100% |
| Q4 2025 | +1.7% | +2.4% | -0.7% | 100% |
| Q3 2025 | +6.3% | +7.8% | -1.6% | 100% |
| Q2 2025 | +4.1% | +10.5% | -6.4% | 100% |
| Q1 2025 | +1.3% | -4.6% | +5.8% | 100% |
| Q4 2024 | -1.9% | +2.1% | -4.1% | 100% |
| Q3 2024 | +6.9% | +5.4% | +1.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $439.0M | 60 |
| Q1 2026 | $405.7M | 59 |
| Q4 2025 | $398.1M | 55 |
| Q3 2025 | $381.7M | 54 |
| Q2 2025 | $358.3M | 56 |
| Q1 2025 | $348.5M | 50 |
| Q4 2024 | $342.0M | 51 |
| Q3 2024 | $354.3M | 52 |
| Q2 2024 | $325.9M | 54 |
| Q1 2024 | $334.9M | 57 |
| Q4 2023 | $316.1M | 51 |
| Q3 2023 | $288.3M | 51 |