New Capital Management LP

Registered adviser

CIK

1696731

Location

HOUSTON, TX

Portfolio Value

Small $442,139,312

Diversification

Highly concentrated

Filing Date

Global Rank

#4,186 / 8,827 ▼ 119 · as of Jun 2026

Top Industry

Insurance - Diversified 46.7%

Period ended 38 days ago

Filed Oct 29, 2026 · 9d

25 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 131658

Roster of Nov 1, 2026

Regulatory AUM

$533,528,671

Main clients

Individuals and high net worth (99% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$533,528,671	Individuals and high net worth (99%)
Apr 2025 to Mar 2026	$465,813,150	Individuals and high net worth (96%)
Apr 2024 to Mar 2025	$416,148,188	Individuals and high net worth (100%)
May 2023 to Mar 2024	$353,369,020	Individuals and high net worth (100%)
Apr 2023	$353,369,020	Individuals and high net worth (100%)
Apr 2022 to Mar 2023	$383,000,000	Individuals and high net worth (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 91.8% of the book (60%+)

Turnover

Low turnover

8.0% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 16.7 quarters (12+), a floor since 22.3% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 84.1%; sector active share 63.1% against the combined 13F book's sector weights.

Over time 24 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

58 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

52.0%

−0.7 pts

Top 5

81.1%

−1.0 pts

Top 10

90.5%

−1.3 pts

HHI

2,989

Highly concentrated−84

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	74.2%	$328,184,789	35
Financial Services	12.3%	$54,478,420	3
Technology	8.3%	$36,852,378	4
Communication Services	2.1%	$9,122,456	5
Consumer Defensive	1.7%	$7,462,893	2
Consumer Cyclical	0.7%	$3,282,014	5
Healthcare	0.3%	$1,244,620	2
Real Estate	0.2%	$960,671	1
Energy	0.1%	$551,071	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

22 positions

Ticker	Company	Δ Shares	Shares	Value
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	+33,829	2,444,053	$90,478,842
TFLO	iShares Treasury Floating Rate Bond ETF	+13,211	111,915	$5,670,733
IUSB	iShares Core Universal USD Bond ETF	+10,440	207,159	$9,133,640
BINC		+8,616	226,948	$11,526,688
IAU	Ishares Gold Trust	+6,028	53,221	$4,156,560
JBND	JPMorgan Active Bond ETF	+3,111	85,184	$4,354,606
VGMS	VANGUARD MULTI-SECTOR INCOME BOND ETF	+2,839	88,414	$4,378,261
JPIB	JPMorgan International Bond Opportunities ETF	+2,622	87,442	$4,083,541
IAGG	iShares Core International Aggregate Bond ETF	+2,491	156,323	$7,691,091
IBIT	iShares Bitcoin Trust ETF	+1,430	121,017	$5,728,944
LEMB	iShares J.P. Morgan EM Local Currency Bond ETF	+1,262	91,859	$3,881,042
STIP	iShares 0-5 Year TIPS Bond ETF	+900	52,936	$5,277,719
CEMB	iShares J.P. Morgan EM Corporate Bond ETF	+875	85,739	$3,772,516
GHYG	iShares Trust	+752	85,671	$0
ISHG	iShares 1-3 Year International Treasury Bond ETF	+609	51,419	$3,808,091
ACWI	iShares MSCI ACWI ETF	+598	5,173	$821,317
—		+491	9,476	$0
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	+403	26,301	$2,687,436
SPY	Spdr S&P 500 ETF Trust	+216	1,018	$776,357
AVGO	Broadcom Inc.	+146	1,858	$652,511
DFGR	Dimensional Global Real Estate ETF	+108	192,666	$5,211,615
—		+13	3,916	$0
No positions match the current search.

Trimmed

Positions the filer reduced

21 positions

Ticker	Company	Δ Shares	Shares	Value
DFSU	Dimensional US Sustainability Core 1 ETF	−32,391	215,521	$10,166,125
DFSI	Dimensional International Sustainability Core 1 ETF	−25,389	154,597	$6,983,146
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	−7,215	60,619	$2,930,928
DFAC	Dimensional U.S. Core Equity 2 ETF	−3,348	2,566,848	$114,096,393
EBI	Longview Advantage ETF	−1,487	211,922	$13,864,784
VUSB	VANGUARD ULTRA-SHORT BOND ETF	−1,470	4,853	$240,466
ICSH	iShares Ultra Short Duration Bond Active ETF	−1,436	4,631	$233,402
NVDA	Nvidia Corp	−1,344	27,129	$6,195,721
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	−723	9,819	$1,549,929
GOOG	Alphabet Inc.	−443	17,453	$5,946,935
BRK-B	Berkshire Hathaway Inc	−189	106,941	$53,251,270
PEP	Pepsico Inc	−122	52,650	$6,671,808
GOOGL	Alphabet Inc.	−35	3,073	$1,057,357
MSFT	Microsoft Corp	−34	8,335	$4,275,021
AMZN	Amazon Com Inc	−32	4,491	$1,118,932
META	Meta Platforms, Inc.	−18	1,665	$1,207,424
AAPL	Apple Inc.	−18	77,260	$25,729,125
MA	Mastercard Inc	−14	1,861	$1,026,285
XOM	ExxonMobil Holdings Corp	−10	3,386	$551,071
ABBV	AbbVie Inc.	−9	3,254	$851,213
MELI	Mercadolibre Inc	−3	200	$345,706
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
FENY	Fidelity MSCI Energy Index ETF	104,275	$3,534,922
V	Visa Inc.	559	$200,865
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
CMI	Cummins Inc	374	$266,740
VTOL	Bristow Group Inc.	5,776	$238,664
AON	Aon plc	707	$234,504
SGOV	iShares 0-3 Month Treasury Bond ETF	2,092	$210,601
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

58 tracked positions · $442,139,312 total · filing declares 58 positions · $446,896,737 · as of Sep 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Real Estate Technology

Showing 1–50 of 58 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
DFAC	Dimensional U.S. Core Equity 2 ETF	Reduced	2,566,848	-3,348	$114,096,393	+0.1%	25.81%
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	Added	2,444,053	+33,829	$90,478,842	+1.9%	20.46%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	106,941	-189	$53,251,270	−0.7%	12.04%
AAPL	Apple Inc. Technology	Reduced	77,260	-18	$25,729,125	+15.1%	5.82%
EBI	Longview Advantage ETF	Reduced	211,922	-1,487	$13,864,784	+0.0%	3.14%
BINC		Added	226,948	+8,616	$11,526,688	+0.9%	2.61%
DFSU	Dimensional US Sustainability Core 1 ETF	Reduced	215,521	-32,391	$10,166,125	−12.1%	2.30%
IUSB	iShares Core Universal USD Bond ETF	Added	207,159	+10,440	$9,133,640	+0.6%	2.07%
IAGG	iShares Core International Aggregate Bond ETF	Added	156,323	+2,491	$7,691,091	−1.2%	1.74%
DFSI	Dimensional International Sustainability Core 1 ETF	Reduced	154,597	-25,389	$6,983,146	−14.0%	1.58%
PEP	Pepsico Inc Consumer Defensive	Reduced	52,650	-122	$6,671,808	−6.6%	1.51%
NVDA	Nvidia Corp Technology	Reduced	27,129	-1,344	$6,195,721	+8.8%	1.40%
GOOG	Alphabet Inc. Communication Services	Reduced	17,453	-443	$5,946,935	−6.0%	1.35%
IBIT	iShares Bitcoin Trust ETF	Added	121,017	+1,430	$5,728,944	+43.9%	1.30%
TFLO	iShares Treasury Floating Rate Bond ETF	Added	111,915	+13,211	$5,670,733	+13.5%	1.28%
STIP	iShares 0-5 Year TIPS Bond ETF	Added	52,936	+900	$5,277,719	−0.7%	1.19%
DFGR	Dimensional Global Real Estate ETF	Added	192,666	+108	$5,211,615	−6.6%	1.18%
VGMS	VANGUARD MULTI-SECTOR INCOME BOND ETF	Added	88,414	+2,839	$4,378,261	−0.2%	0.99%
JBND	JPMorgan Active Bond ETF	Added	85,184	+3,111	$4,354,606	−0.8%	0.98%
MSFT	Microsoft Corp Technology	Reduced	8,335	-34	$4,275,021	+36.9%	0.97%
IAU	Ishares Gold Trust	Added	53,221	+6,028	$4,156,560	+16.6%	0.94%
JPIB	JPMorgan International Bond Opportunities ETF	Added	87,442	+2,622	$4,083,541	−0.4%	0.92%
LEMB	iShares J.P. Morgan EM Local Currency Bond ETF	Added	91,859	+1,262	$3,881,042	+1.0%	0.88%
ISHG	iShares 1-3 Year International Treasury Bond ETF	Added	51,419	+609	$3,808,091	+0.9%	0.86%
CEMB	iShares J.P. Morgan EM Corporate Bond ETF	Added	85,739	+875	$3,772,516	−2.6%	0.85%
FENY	Fidelity MSCI Energy Index ETF	NEW	104,275	NEW	$3,534,922	NEW	0.80%
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	Reduced	60,619	-7,215	$2,930,928	−11.6%	0.66%
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Added	26,301	+403	$2,687,436	−4.9%	0.61%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Reduced	9,819	-723	$1,549,929	−6.3%	0.35%
META	Meta Platforms, Inc. Communication Services	Reduced	1,665	-18	$1,207,424	+27.4%	0.27%
YUM	Yum Brands Inc Consumer Cyclical	Held	8,662	0	$1,180,977	−14.7%	0.27%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	4,491	-32	$1,118,932	+3.8%	0.25%
GOOGL	Alphabet Inc. Communication Services	Reduced	3,073	-35	$1,057,357	−4.8%	0.24%
MA	Mastercard Inc Financial Services	Reduced	1,861	-14	$1,026,285	+6.6%	0.23%
KIM	Kimco Realty Corp Real Estate	Held	43,254	0	$960,671	−12.4%	0.22%
ABBV	AbbVie Inc. Healthcare	Reduced	3,254	-9	$851,213	+3.7%	0.19%
ACWI	iShares MSCI ACWI ETF	Added	5,173	+598	$821,317	+14.4%	0.19%
COST	Costco Wholesale Corp Consumer Defensive	Held	869	0	$791,085	−2.7%	0.18%
SPY	Spdr S&P 500 ETF Trust	Added	1,018	+216	$776,357	+29.6%	0.18%
AVGO	Broadcom Inc. Technology	Added	1,858	+146	$652,511	+0.9%	0.15%
XOM	ExxonMobil Holdings Corp Energy	Reduced	3,386	-10	$551,071	+18.7%	0.12%
NFLX	Netflix Inc Communication Services	Held	7,440	0	$517,675	−2.5%	0.12%
LLY	ELI LILLY & Co Healthcare	Held	340	0	$393,407	−3.5%	0.09%
		Held	12,700	0	$393,065	+16.1%	0.09%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	Held	8,853	0	$363,858	+0.6%	0.08%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	200	-3	$345,706	+0.3%	0.08%
HD	Home Depot, Inc. Consumer Cyclical	Held	958	0	$272,541	−19.3%	0.06%
IWB	iShares Russell 1000 ETF	Held	622	0	$258,832	+1.6%	0.06%
JMST	JPMorgan Ultra-Short Municipal Income ETF	Held	5,003	0	$252,951	−0.9%	0.06%
VUSB	VANGUARD ULTRA-SHORT BOND ETF	Reduced	4,853	-1,470	$240,466	−23.6%	0.05%

Showing the top 50 of 58 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.