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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
Page 2 of 3  ·  59 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 IAU ISHARES GOLD TR Financial Services 44,289.0 $3.9M 0.96% +41K +1262.7% $88.16 -13.2%
22 CEMB ISHARES INC 83,987.0 $3.8M 0.94% +28K +50.5% $45.28 +0.8%
23 GHYG ISHARES INC 83,968.0 $3.8M 0.93% +29K +52.1% $45.11 +0.0%
24 ISHG ISHARES TR 50,245.0 $3.7M 0.92% +17K +49.9% $74.18 -0.2%
25 LEMB ISHARES INC 89,764.0 $3.7M 0.90% +26K +41.6% $40.80 +3.8%
26 MSFT MICROSOFT CORP Technology 8,340.0 $3.1M 0.76% +887.0 +11.9% $370.16 +0.8%
27 DFSE DIMENSIONAL ETF TRUST 68,277.0 $2.9M 0.71% -6K -8.1% $42.37 +13.2%
28 LQD ISHARES TR 25,699.0 $2.8M 0.69% NEW $108.99 +0.5%
29 VT VANGUARD INTL EQUITY INDEX F 10,523.0 $1.5M 0.36% +72.0 +0.7% $138.33 +11.3%
30 YUM YUM BRANDS INC Consumer Cyclical 8,662.0 $1.3M 0.33% $155.48 +0.6%
31 KIM KIMCO REALTY CORP Real Estate 43,254.0 $972K 0.24% $22.47 +15.2%
32 META META PLATFORMS INC Communication Services 1,674.0 $958K 0.24% +176.0 +11.8% $572.17 -3.8%
33 MA MASTERCARD INCORPORATED Financial Services 1,855.0 $927K 0.23% -78.0 -4.0% $499.69 -0.1%
34 AMZN AMAZON COM INC Consumer Cyclical 4,426.0 $922K 0.23% -99.0 -2.2% $208.29 +11.7%
35 GOOGL ALPHABET INC Communication Services 3,084.0 $887K 0.22% +252.0 +8.9% $287.58 +17.3%
36 COST COSTCO WHOLESALE CORPORATION Consumer Defensive 862.0 $859K 0.21% $996.72 -4.4%
37 NFLX NETFLIX INC. Communication Services 7,380.0 $710K 0.17% $96.15 -23.2%
38 ABBV ABBVIE INC Healthcare 3,255.0 $708K 0.17% $217.47 +15.7%
39 ACWI ISHARES TR 4,575.0 $633K 0.16% $138.35 +11.5%
40 XOM EXXON MOBIL CORP Energy 3,355.0 $569K 0.14% +66.0 +2.0% $169.65 -19.5%
Page 2 of 3  ·  59 positions

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%