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Portfolio (Quarterly) Guide ↗

New Capital Management LP

· CIK 0001696731
13F Portfolio $422.0B AUM 60 positions Filed Apr 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 5 New 18 Added 18 Reduced 1 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 JPIB J P MORGAN EXCHANGE TRADED F 84,106.0 $4.0M 0.99% NEW $47.82 +1.2%
2 LQD ISHARES TR 25,699.0 $2.8M 0.69% NEW $108.99 +0.5%
3 HD HOME DEPOT INC Consumer Cyclical 958.0 $315K 0.08% NEW $328.72 +6.1%
4 VTOL BRISTOW GROUP INC Energy 5,759.0 $270K 0.07% NEW $46.89 -10.6%
5 CMI CUMMINS INC Industrials 374.0 $201K 0.05% NEW $538.36 +27.4%

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 45.5%
Financial Services 16.6%
Consumer Defensive 14.6%
Communication Services 13.0%
Consumer Cyclical 5.4%
Healthcare 1.6%
Real Estate 1.6%
Energy 1.4%
Industrials 0.3%