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NCM
New Capital Management Portfolio holdings
AUM
$439M
1-Year Est. Return
16.55%
This Fund
S&P 500
This Quarter
Est. Return
+0.89%
1 Year Est. Return
+16.55%
3 Year Est. Return
+49.41%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$326M
AUM Growth
-$8.95M
(-2.7%)
Cap. Flow
-$11M
Cap. Flow
% of AUM
-3.37%
Top 10 Holdings %
Top 10 Hldgs %
83.81%
Holding
60
New
3
Increased
12
Reduced
19
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$4.23M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$272K |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$229K |
| 4 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$225K |
| 5 |
DFSI
Dimensional International Sustainability Core 1 ETF
DFSI
|
+$206K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P Total US Stock Market ETF
ITOT
|
+$4.05M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$3.93M |
| 3 |
iShares Core International Aggregate Bond Fund
IAGG
|
+$2.53M |
| 4 |
iShares Core MSCI EAFE ETF
IEFA
|
+$2.04M |
| 5 |
iShares Core Dividend Growth ETF
DGRO
|
+$986K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.46% |
| 2 | Technology | 6.52% |
| 3 | Consumer Staples | 3.18% |
| 4 | Consumer Discretionary | 1.17% |
| 5 | Communication Services | 0.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| $238K | 0.07% |
+437
| New | +$229K |
|
52
AutoZone
AZO
$50.1B
| $222K | 0.07% |
75
| – | – |
|
53
Aon
AON
$76.4B
| $218K | 0.07% |
741
| – | – |
|
54
Warner Bros
WBD
$65.1B
| $94.5K | 0.03% |
+12,700
| New | +$102K |
|
55
Compass Therapeutics
CMPX
$340M
| – | – |
-21,131
| Closed | -$41.8K |
|
56
ConocoPhillips
COP
$140B
| – | – |
-1,620
| Closed | -$206K |
|
|
57
iShares Core Dividend Growth ETF
DGRO
$43.4B
| – | – |
-16,980
| Closed | -$986K |
|
|
58
iShares Core MSCI EAFE ETF
IEFA
$194B
| – | – |
-27,425
| Closed | -$2.04M |
|
59
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
| – | – |
-11,573
| Closed | -$597K |
|
|
60
iShares Core S&P Total US Stock Market ETF
ITOT
$97.3B
| – | – |
-35,168
| Closed | -$4.05M |
|
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New Capital Management's Q2 2024 Portfolio in Review
As of Q2 2024, New Capital Management held 60 positions worth $326M, down 2.7% from $335M the previous quarter. Its ten largest holdings account for 84% of the portfolio.
New Capital Management withdrew a net $11M in Q2 2024, closing 6 positions and reducing 19 holdings. Its most notable exit was iShares Core S&P Total US Stock Market ETF, an estimated $4.05M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 14% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, New Capital Management opened a new position in iShares MSCI Emerging Markets ETF worth $277K.
- New Capital Management's largest Q2 2024 buy was iShares MSCI Emerging Markets ETF: 6,493 shares worth $277K.
- New Capital Management added most to Berkshire Hathaway Class B in Q2 2024, an estimated $4.23M increase.
- New Capital Management's biggest Q2 2024 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $3.93M.
- New Capital Management fully exited iShares Core S&P Total US Stock Market ETF in Q2 2024, selling an estimated $4.05M.
- New Capital Management's ten largest holdings make up 84% of its $326M portfolio in Q2 2024.
- New Capital Management opened 3 new positions and closed 6 in Q2 2024.
- New Capital Management's portfolio value fell 2.7% quarter-over-quarter to $326M.
Based on New Capital Management's 13F filing for Q2 2024, filed 11 Jul 2024.