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New Capital Management LP

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13F filer, CIK 1696731, HOUSTON, TX

New Capital Management LP reported $382,657,063 across 54 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-10-08. Its ten largest share positions make up 80.35% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001696731-25-000007

Period
2025-09-30
Reported value
$383M
Holdings
54
Top 10 weight
80.35%
New
1
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
NVDAadded+18,882$3.52M
IUSBadded+33,288$1.55M
LEMBadded+11,266$464K
GHYGadded+9,971$464K
CEMBadded+9,745$450K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
TFLOreduced-37,911-$1.92M
AGGreduced-16,287-$1.63M
DFCFreduced-23,407-$1M
DFGRreduced-17,204-$470K
BRK-Breduced-727-$365K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001696731-25-000007, largest first. % of portfolio is the value over $381,741,482, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
DFACDIMENSIONAL ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,958,467 shares; 2024Q4: 2,957,919 shares; 2025Q1: 2,789,275 shares; 2025Q2: 2,645,303 shares; 2025Q3: 2,651,875 shares 2,651,875$102M26.79%+6,572Timeline
DFAXDIMENSIONAL ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,194,700 shares; 2024Q4: 2,190,118 shares; 2025Q1: 2,253,096 shares; 2025Q2: 2,331,006 shares; 2025Q3: 2,336,795 shares 2,336,795$73.3M19.21%+5,789Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 121,051 shares; 2024Q4: 107,054 shares; 2025Q1: 115,090 shares; 2025Q2: 112,108 shares; 2025Q3: 111,381 shares 111,381$56M14.67%-727Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 83,267 shares; 2024Q4: 82,621 shares; 2025Q1: 78,411 shares; 2025Q2: 78,408 shares; 2025Q3: 78,388 shares 78,388$20M5.23%-20Timeline
EBIRBB FUND TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 214,000 shares; 2025Q2: 213,409 shares; 2025Q3: 213,409 shares 213,409$11.7M3.07%0Timeline
DFSUDIMENSIONAL ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 313,831 shares; 2024Q4: 339,573 shares; 2025Q1: 313,949 shares; 2025Q2: 272,556 shares; 2025Q3: 273,670 shares 273,670$11.6M3.04%+1,114Timeline
IUSBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 149,289 shares; 2025Q3: 182,577 shares 182,577$8.53M2.23%+33,288Timeline
TFLOISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 85,026 shares; 2024Q4: 85,535 shares; 2025Q1: 186,502 shares; 2025Q2: 200,338 shares; 2025Q3: 162,427 shares 162,427$8.22M2.15%-37,911Timeline
DFSIDIMENSIONAL ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,052 shares; 2024Q4: 153,341 shares; 2025Q1: 178,472 shares; 2025Q2: 185,790 shares; 2025Q3: 186,641 shares 186,641$7.64M2%+851Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,305 shares; 2024Q4: 58,170 shares; 2025Q1: 52,961 shares; 2025Q2: 52,961 shares; 2025Q3: 53,033 shares 53,033$7.45M1.95%+72Timeline
STIPISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 108,781 shares; 2024Q4: 106,170 shares; 2025Q1: 49,026 shares; 2025Q2: 65,136 shares; 2025Q3: 63,667 shares 63,667$6.58M1.72%-1,469Timeline
IBITISHARES BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 93,820 shares; 2025Q2: 94,526 shares; 2025Q3: 95,815 shares 95,815$6.23M1.63%+1,289Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 14,214 shares; 2025Q3: 33,096 shares 33,096$6.18M1.62%+18,882Timeline
IAGGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 128,637 shares; 2024Q4: 129,319 shares; 2025Q1: 99,885 shares; 2025Q2: 103,434 shares; 2025Q3: 99,547 shares 99,547$5.1M1.34%-3,887Timeline
JPSTJ P MORGAN EXCHANGE TRADED FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,105 shares; 2024Q4: 31,198 shares; 2025Q1: 96,044 shares; 2025Q2: 98,293 shares; 2025Q3: 97,566 shares 97,566$4.95M1.3%-727Timeline
BINCBLACKROCK ETF TRUST IIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 218,975 shares; 2025Q2: 87,637 shares; 2025Q3: 84,538 shares 84,538$4.5M1.18%-3,099Timeline
DFGRDIMENSIONAL ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 304,702 shares; 2024Q4: 306,745 shares; 2025Q1: 208,690 shares; 2025Q2: 174,110 shares; 2025Q3: 156,906 shares 156,906$4.29M1.12%-17,204Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,267 shares; 2024Q4: 8,014 shares; 2025Q1: 7,316 shares; 2025Q2: 7,393 shares; 2025Q3: 7,453 shares 7,453$3.86M1.01%+60Timeline
DFSEDIMENSIONAL ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 57,794 shares; 2024Q4: 62,209 shares; 2025Q1: 69,258 shares; 2025Q2: 74,936 shares; 2025Q3: 74,880 shares 74,880$3.08M0.81%-56Timeline
LEMBISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 51,915 shares; 2025Q3: 63,181 shares 63,181$2.6M0.68%+11,266Timeline
CEMBISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 45,624 shares; 2025Q3: 55,369 shares 55,369$2.56M0.67%+9,745Timeline
GHYGISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 44,541 shares; 2025Q3: 54,512 shares 54,512$2.54M0.66%+9,971Timeline
ISHGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 27,097 shares; 2025Q3: 33,000 shares 33,000$2.51M0.66%+5,903Timeline
JMSTJ P MORGAN EXCHANGE TRADED FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,753 shares; 2024Q4: 27,700 shares; 2025Q1: 41,579 shares; 2025Q2: 40,237 shares; 2025Q3: 38,643 shares 38,643$1.97M0.52%-1,594Timeline
VTVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,554 shares; 2024Q4: 10,765 shares; 2025Q1: 10,966 shares; 2025Q2: 10,662 shares; 2025Q3: 10,480 shares 10,480$1.44M0.38%-182Timeline
YUMYUM BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,662 shares; 2024Q4: 8,662 shares; 2025Q1: 8,662 shares; 2025Q2: 8,747 shares; 2025Q3: 8,662 shares 8,662$1.32M0.34%-85Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,608 shares; 2024Q4: 1,618 shares; 2025Q1: 1,515 shares; 2025Q2: 1,498 shares; 2025Q3: 1,498 shares 1,498$1.1M0.29%0Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,142 shares; 2024Q4: 2,142 shares; 2025Q1: 1,979 shares; 2025Q2: 1,950 shares; 2025Q3: 1,933 shares 1,933$1.1M0.29%-17Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,172 shares; 2024Q4: 8,173 shares; 2025Q1: 4,442 shares; 2025Q2: 4,525 shares; 2025Q3: 4,525 shares 4,525$994K0.26%0Timeline
KIMKIMCO REALTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,320 shares; 2024Q4: 58,320 shares; 2025Q1: 58,320 shares; 2025Q2: 43,254 shares; 2025Q3: 43,254 shares 43,254$945K0.25%0Timeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 738 shares; 2024Q4: 738 shares; 2025Q1: 738 shares; 2025Q2: 738 shares; 2025Q3: 738 shares 738$885K0.23%0Timeline
COSTCOSTCO WHOLESALE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 884 shares; 2024Q4: 884 shares; 2025Q1: 884 shares; 2025Q2: 884 shares; 2025Q3: 884 shares 884$818K0.21%0Timeline
ABBVABBVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,000 shares; 2024Q4: 3,000 shares; 2025Q1: 3,000 shares; 2025Q2: 3,074 shares; 2025Q3: 3,254 shares 3,254$753K0.2%+180Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,064 shares; 2024Q4: 3,064 shares; 2025Q1: 2,849 shares; 2025Q2: 2,832 shares; 2025Q3: 2,832 shares 2,832$688K0.18%0Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,060 shares; 2024Q4: 3,060 shares; 2025Q1: 2,845 shares; 2025Q2: 2,717 shares; 2025Q3: 2,717 shares 2,717$662K0.17%0Timeline
ACWIISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,649 shares; 2024Q4: 4,674 shares; 2025Q1: 4,674 shares; 2025Q2: 4,638 shares; 2025Q3: 4,575 shares 4,575$632K0.17%-63Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,852 shares; 2025Q1: 1,849 shares; 2025Q2: 1,474 shares; 2025Q3: 1,798 shares 1,798$593K0.16%+324Timeline
AORISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,146 shares; 2024Q4: 8,958 shares; 2025Q1: 8,711 shares; 2025Q2: 8,608 shares; 2025Q3: 8,629 shares 8,629$556K0.15%+21Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 556 shares; 2025Q3: 821 shares 821$547K0.14%+265Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200 shares; 2024Q4: 200 shares; 2025Q1: 200 shares; 2025Q2: 200 shares; 2025Q3: 203 shares 203$474K0.12%+3Timeline
VUSBVANGUARD BD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,751 shares; 2024Q4: 39,460 shares; 2025Q1: 12,313 shares; 2025Q2: 10,499 shares; 2025Q3: 9,150 shares 9,150$457K0.12%-1,349Timeline
ICSHISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,525 shares; 2024Q4: 11,473 shares; 2025Q1: 11,737 shares; 2025Q2: 9,995 shares; 2025Q3: 8,922 shares 8,922$453K0.12%-1,073Timeline
AGGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 131,531 shares; 2024Q4: 132,214 shares; 2025Q1: 74,536 shares; 2025Q2: 20,289 shares; 2025Q3: 4,002 shares 4,002$401K0.11%-16,287Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,975 shares; 2024Q4: 4,605 shares; 2025Q1: 3,133 shares; 2025Q2: 3,286 shares; 2025Q3: 3,405 shares 3,405$384K0.1%+119Timeline
YUMCYUM CHINA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,853 shares; 2024Q4: 8,853 shares; 2025Q1: 8,853 shares; 2025Q2: 8,853 shares; 2025Q3: 8,853 shares 8,853$380K0.1%0Timeline
SGOVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,777 shares; 2024Q4: 4,778 shares; 2025Q1: 4,811 shares; 2025Q2: 3,980 shares; 2025Q3: 3,666 shares 3,666$369K0.1%-314Timeline
DFCFDIMENSIONAL ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 241,361 shares; 2024Q4: 241,087 shares; 2025Q1: 143,804 shares; 2025Q2: 31,872 shares; 2025Q3: 8,465 shares 8,465$362K0.09%-23,407Timeline
AOAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,470 shares; 2024Q4: 3,470 shares; 2025Q1: 3,326 shares; 2025Q2: 3,483 shares; 2025Q3: 3,525 shares 3,525$311K0.08%+42Timeline
AONAON PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 741 shares; 2024Q4: 741 shares; 2025Q1: 741 shares; 2025Q2: 741 shares; 2025Q3: 707 shares 707$252K0.07%-34Timeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 286 shares; 2025Q3: 326 shares 326$249K0.07%+40Timeline
WBDWARNER BROS DISCOVERY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,700 shares; 2024Q4: 12,700 shares; 2025Q1: 12,700 shares; 2025Q2: 12,700 shares; 2025Q3: 12,700 shares 12,700$248K0.06%0Timeline
IAUISHARES GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,250 shares; 2025Q3: 3,250 shares 3,250$237K0.06%0Timeline
NEARISHARES U S ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,580 shares; 2024Q4: 5,596 shares; 2025Q1: 5,865 shares; 2025Q2: 4,816 shares; 2025Q3: 4,455 shares 4,455$228K0.06%-361Timeline
DUSBDIMENSIONAL ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,470 shares 4,470$227K0.06%newTimeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
BSVVANGUARD BD INDEX FDS4,516$355Kshares
SHYISHARES TR4,000$331Kshares
SHVISHARES TR1,815$200Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001696731-25-000007 base2025-10-08acceptance time not in the bulk data set