SEC 13F Intelligence

Managers / Q1 2024 · view latest →

New Capital Management LP

CIK 0001696731 · 3355 W. ALABAMA STREET, STE 275, HOUSTON, TX, 77098 · 7133886322

Reported Value
$335M
Q1 2024
Positions
57
Filings on Record
28
2019–present window
Filed
Apr 9, 2024
original filing

Summary

New Capital Management LP reported $335M in U.S.-listed holdings across 57 positions for Q1 2024.

The portfolio is heavily concentrated: DFAC alone accounts for 26.6% of reported value.

Compared with Q4 2023, the fund opened 6 new positions and exited 0.

Portfolio Metrics

Turnover
+5.8%
vs prior filed quarter
Top-10 Concentration
+81.6%
share of reported value
Largest Position
+26.6%
Dimensional Etf

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $55MQ4 ’18Q1 ’19: $35MQ2 ’19: $57MQ3 ’19: $120MQ4 ’19: $60MQ4 ’19Q1 ’20: $53MQ2 ’20: $74MQ3 ’20: $91MQ4 ’20: $194MQ4 ’20Q1 ’21: $112MQ3 ’21: $182MQ4 ’21: $192MQ1 ’22: $139MQ1 ’22Q2 ’22: $182MQ3 ’22: $182MQ4 ’22: $232MQ1 ’23: $262MQ1 ’23Q3 ’23: $288MQ4 ’23: $316MQ1 ’24: $335MQ2 ’24: $326MQ2 ’24Q3 ’24: $354MQ4 ’24: $342MQ1 ’25: $348MQ2 ’25: $358MQ2 ’25Q3 ’25: $382MQ4 ’25: $398MQ1 ’26: $406Mfilingsflow.com

Portfolio Composition

By security type
ETP: 73.9%Common Stock: 25.7%REIT: 0.3%Other: 0.1%
  • ETP · 73.9% · $247M
  • Common Stock · 25.7% · $86M
  • REIT · 0.3% · $1M
  • Other · 0.1% · $247,296

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
OXYOCCIDENTAL PETE CORPNEW+9.1K9.1K+$592,189$592,189
VANGUARD INDEX FDSNEW+813813+$390,809$390,809
NDQINVESCO QQQ TRNEW+871871+$386,733$386,733
ISHARES TRNEW+3.4K3.4K+$249,544$249,544
AZOAUTOZONE INCNEW+7575+$236,374$236,374
COPCONOCOPHILLIPSNEW+1.6K1.6K+$206,194$206,194
HDHOME DEPOT INCTRIMMED−13.5K772−$5M$295,950
COSTCOSTCO WHSL CORP NEWTRIMMED−10.1K884−$7M$647,827

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2024

28 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DFACDIMENSIONAL ETF TRUSTUS CORE EQUITY 2 · WORLD EX US CORE · US SUSTAINABILTY · CORE FIXED INCOM · GLOBAL REAL EST · INTERNATIONAL · EMERGING MARKETS53.22%$178M5.96M
2ACWIISHARES TRCORE US AGGBD ET · 0-5 YR TIPS ETF · CORE INTL AGGR · TRS FLT RT BD · CORE S&P TTL STK · SHORT TREAS BD · 1 3 YR TREAS BD · CORE MSCI EAFE · CORE DIV GRWTH · BLACKROCK ULTRA · 0-3 MNTH TREASRY · MSCI ACWI ETF · GRWT ALLOCAT ETF17.26%$58M738.5K
3BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A14.09%$47M109.2K
4AAPLAPPLE INChistory →COM4.46%$15M87.1K
5PEPPEPSICO INChistory →COM3.05%$10M58.3K
6VUSBVANGUARD BD INDEX FDSSHORT TRM BOND · VANGUARD ULTRA1.46%$5M78.2K
7MSFTMICROSOFT CORPhistory →COM1.03%$3M8.2K
8J P MORGAN EXCHANGE TRADED FULTRA SHRT INC · ULTRA SHT MUNCPL0.94%$3M61.9K
9AMZNAMAZON COM INCCOM0.49%$2M9.2K
10YUMYUM BRANDS INCCOM0.36%$1M8.7K
11VANGUARD INTL EQUITY INDEX FTT WRLD ST ETF0.35%$1M10.5K
12KIMKIMCO RLTY CORPCOM0.34%$1M58.3K
13MAMASTERCARD INCORPORATEDCL A0.31%$1M2.1K
14GOOGALPHABET INCCAP STK CL C · CAP STK CL A0.28%$922,3286.1K
15METAMETA PLATFORMS INCCL A0.23%$780,8131.6K
16COSTCOSTCO WHSL CORP NEWCOM0.19%$647,827884
17ISHARES INCCORE MSCI EMKT0.18%$597,16711.6K
18OXYOCCIDENTAL PETE CORPCOM0.18%$592,1899.1K
19ABBVABBVIE INCCOM0.16%$546,3003.0K
20EXMOCEXXON MOBIL CORPCOM0.15%$511,4564.4K
21NFLXNETFLIX INCCOM0.13%$448,210738
22VANGUARD INDEX FDSS&P 500 ETF SHS0.12%$390,809813
23NDQINVESCO QQQ TRUNIT SER 10.12%$386,733871
24YUMCYUM CHINA HLDGS INCCOM0.11%$352,2498.9K
25ISHARES U S ETF TRBLACKROCK SH DUR0.09%$316,7376.3K
26MLB1MERCADOLIBRE INCCOM0.09%$302,392200
27HDHOME DEPOT INCCOM0.09%$295,950772
28CSXCSX CORPCOM0.09%$292,2717.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$406M59Apr 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$398M55Jan 20, 202613F-HRchanges · EDGAR ↗
Q3 2025$382M54Oct 8, 202513F-HRchanges · EDGAR ↗
Q2 2025$358M56Jul 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$348M50Apr 29, 202513F-HRchanges · EDGAR ↗
Q4 2024$342M51Jan 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$354M52Oct 7, 202413F-HRchanges · EDGAR ↗
Q2 2024$326M54Jul 11, 202413F-HRchanges · EDGAR ↗
Q1 2024$335M57Apr 9, 202413F-HRchanges · EDGAR ↗
Q4 2023$316M51Jan 19, 202413F-HRchanges · EDGAR ↗
Q3 2023$288M57Oct 12, 202313F-HRchanges · EDGAR ↗
Q1 2023$262M58Apr 6, 202313F-HRchanges · EDGAR ↗
Q4 2022$232M48Jan 11, 202313F-HRchanges · EDGAR ↗
Q3 2022$182M43Oct 11, 202213F-HRchanges · EDGAR ↗
Q2 2022$182M43Jul 8, 202213F-HRchanges · EDGAR ↗
Q1 2022$139M48Apr 8, 202213F-HRchanges · EDGAR ↗
Q4 2021$192M42Jan 28, 202213F-HRchanges · EDGAR ↗
Q3 2021$182M42Oct 7, 202113F-HRchanges · EDGAR ↗
Q1 2021$112M127Apr 15, 202113F-HRchanges · EDGAR ↗
Q4 2020$194M153Jan 21, 202113F-HRchanges · EDGAR ↗
Q3 2020$91M124Oct 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$74M126Jul 8, 202013F-HRchanges · EDGAR ↗
Q1 2020$53M109Apr 17, 202013F-HRchanges · EDGAR ↗
Q4 2019$60M134Jan 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$120M136Oct 9, 201913F-HRchanges · EDGAR ↗
Q2 2019$57M134Jul 11, 201913F-HRchanges · EDGAR ↗
Q1 2019$35M138Apr 19, 201913F-HRchanges · EDGAR ↗
Q4 2018$55M128Jan 18, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.