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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 3 of 3  ·  59 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 AOR ISHARES TR 8,720.0 $561K 0.14% $64.35 +7.0%
42 AVGO BROADCOM INC Technology 1,741.0 $539K 0.13% -58.0 -3.2% $309.48 +17.9%
43 SPY STATE STR SPDR S&P 500 ETF T Financial Services 802.0 $522K 0.13% $650.28 +12.3%
44 YUMC YUM CHINA HLDGS INC Consumer Cyclical 8,853.0 $432K 0.11% $48.78 -16.3%
45 VUSB VANGUARD BD INDEX FDS 8,447.0 $421K 0.10% -201.0 -2.3% $49.79 -0.0%
46 ICSH ISHARES TR 8,149.0 $413K 0.10% -197.0 -2.4% $50.62 -0.1%
47 MELI MERCADOLIBRE INC Consumer Cyclical 203.0 $351K 0.09% $1729.02 -3.1%
48 WBD WARNER BROS DISCOVERY INC Communication Services 12,700.0 $349K 0.09% $27.46 -2.6%
49 SGOV ISHARES TR 3,175.0 $320K 0.08% -52.0 -1.6% $100.66 -0.0%
50 AOA ISHARES TR 3,597.0 $318K 0.08% -52.0 -1.4% $88.50 +9.1%
51 HD HOME DEPOT INC Consumer Cyclical 958.0 $315K 0.08% NEW $328.72 +6.1%
52 LLY ELI LILLY & CO Healthcare 326.0 $300K 0.07% $920.15 +31.3%
53 VTOL BRISTOW GROUP INC Energy 5,759.0 $270K 0.07% NEW $46.89 -10.6%
54 JMST J P MORGAN EXCHANGE TRADED F 5,003.0 $255K 0.06% -30K -85.6% $50.98 -0.0%
55 DFCF DIMENSIONAL ETF TRUST 5,754.0 $243K 0.06% $42.22 +0.3%
56 AON AON PLC Financial Services 707.0 $228K 0.06% $322.79 +1.8%
57 AGG ISHARES TR 2,117.0 $210K 0.05% $99.29 +0.0%
58 NEAR ISHARES U S ETF TR 4,117.0 $209K 0.05% -190.0 -4.4% $50.84 -0.3%
59 CMI CUMMINS INC Industrials 374.0 $201K 0.05% NEW $538.36 +27.4%
Page 3 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%