New Capital Management LP
CIK
1696731
Location
HOUSTON, TX
Portfolio Value
Small
$107,617,610
Diversification
Highly concentrated
Filing Date
Global Rank
#5,530
/ 8,603
▲ 165
· as of Mar 2026
Top Industry
Insurance - Diversified
52.1%
3Y Alpha vs SPY
-8.2%
Period ended 3 months ago
Filed Apr 14, 2026 · 3mo
23 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+42.0%
SPY
+76.5%
Annualised alpha
-8.5%
Max drawdown
−11.3%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
26 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
47.7%
−2.2 pts
Top 5
82.5%
−3.4 pts
Top 10
92.1%
−1.3 pts
HHI
2,738
Highly concentrated−254
Portfolio Trend
23 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 48.8% | $52,511,896 |
| Technology | 26.2% | $28,228,798 |
| Unclassified | 8.5% | $9,102,687 |
| Consumer Defensive | 8.4% | $9,053,885 |
| Consumer Cyclical | 3.1% | $3,366,486 |
| Communication Services | 2.7% | $2,902,909 |
| Healthcare | 0.9% | $1,007,774 |
| Real Estate | 0.9% | $971,917 |
| Energy | 0.3% | $270,039 |
| Industrials | 0.2% | $201,219 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
7 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| IAU | Ishares Gold Trust | +41,039 | 44,289 | $3,904,518 | |
| IBIT | iShares Bitcoin Trust ETF | +23,991 | 121,723 | $4,676,597 | |
| MSFT | Microsoft Corp | +887 | 8,340 | $3,087,217 | |
| GOOGL | Alphabet Inc. | +252 | 3,084 | $886,835 | |
| META | Meta Platforms, Inc. | +176 | 1,674 | $957,745 | |
| NVDA | Nvidia Corp | +154 | 28,447 | $4,961,156 | |
| ABBV | AbbVie Inc. | +11 | 3,255 | $707,929 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AAPL | Apple Inc. | −721 | 77,393 | $19,641,569 | |
| BRK-B | Berkshire Hathaway Inc | −437 | 107,172 | $51,356,822 | |
| PEP | Pepsico Inc | −261 | 52,772 | $8,194,963 | |
| AMZN | Amazon Com Inc | −99 | 4,426 | $921,803 | |
| MA | Mastercard Inc | −78 | 1,855 | $926,869 | |
| AVGO | Broadcom Inc. | −58 | 1,741 | $538,856 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
26 positions ·
$107,617,610 total
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 107,172 | $51,356,822 | 47.72% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 77,393 | $19,641,569 | 18.25% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Reduced | 52,772 | $8,194,963 | 7.61% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 28,447 | $4,961,156 | 4.61% | |
| IBIT |
iShares Bitcoin Trust ETF
|
Added | 121,723 | $4,676,597 | 4.35% | |
| IAU |
Ishares Gold Trust
|
Added | 44,289 | $3,904,518 | 3.63% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 8,340 | $3,087,217 | 2.87% | |
| YUM |
Yum Brands Inc
Consumer Cyclical
|
Held | 8,662 | $1,346,767 | 1.25% | |
| KIM |
Kimco Realty Corp
Real Estate
|
Held | 43,254 | $971,917 | 0.90% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 1,674 | $957,745 | 0.89% | |
| MA |
Mastercard Inc
Financial Services
|
Reduced | 1,855 | $926,869 | 0.86% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 4,426 | $921,803 | 0.86% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 3,084 | $886,835 | 0.82% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Held | 862 | $858,922 | 0.80% | |
| NFLX |
Netflix Inc
Communication Services
|
Held | 7,380 | $709,587 | 0.66% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 3,255 | $707,929 | 0.66% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 1,741 | $538,856 | 0.50% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Held | 802 | $521,572 | 0.48% | |
| YUMC |
Yum China Holdings, Inc.
Consumer Cyclical
|
Held | 8,853 | $431,849 | 0.40% | |
| MELI |
Mercadolibre Inc
Consumer Cyclical
|
Held | 203 | $350,991 | 0.33% | |
| WBD |
Warner Bros. Discovery, Inc.
Communication Services
|
Held | 12,700 | $348,742 | 0.32% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
NEW | 958 | $315,076 | 0.29% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Held | 326 | $299,845 | 0.28% | |
| VTOL |
Bristow Group Inc.
Energy
|
NEW | 5,759 | $270,039 | 0.25% | |
| AON |
Aon plc
Financial Services
|
Held | 707 | $228,205 | 0.21% | |
| CMI |
Cummins Inc
Industrials
|
NEW | 374 | $201,219 | 0.19% |