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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
+5.33%
1 Year Est. Return
+16.55%
3 Year Est. Return
+49.41%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$358M
AUM Growth
+$9.82M
(+2.8%)
Cap. Flow
-$4.65M
Cap. Flow
% of AUM
-1.3%
Top 10 Holdings %
Top 10 Hldgs %
80.02%
Holding
59
New
9
Increased
14
Reduced
23
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core Universal USD Bond ETF
IUSB
|
+$6.81M |
| 2 |
Dimensional World ex US Core Equity 2 ETF
DFAX
|
+$2.14M |
| 3 |
iShares JPMorgan EM Corporate Bond ETF
CEMB
|
+$2.04M |
| 4 |
iShares JPMorgan EM Local Currency Bond ETF
LEMB
|
+$2.01M |
| 5 |
iShares US & Intl High Yield Corp Bond ETF
GHYG
|
+$2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BlackRock Flexible Income ETF
BINC
|
+$6.84M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$5.32M |
| 3 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$4.8M |
| 4 |
Dimensional Core Fixed Income ETF
DFCF
|
+$4.67M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$1.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.58% |
| 2 | Technology | 6.26% |
| 3 | Consumer Staples | 2.2% |
| 4 | Communication Services | 0.9% |
| 5 | Consumer Discretionary | 0.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Aon
AON
$76.4B
| $264K | 0.07% |
741
| – | – |
|
52
iShares Short Maturity Bond ETF
NEAR
$4.85B
| $246K | 0.07% |
4,816
-1,049
| -18% | -$53.3K |
|
53
Eli Lilly
LLY
$1.04T
| $223K | 0.06% |
+286
| New | +$222K |
|
54
iShares Gold Trust
IAU
$65.9B
| $203K | 0.06% |
+3,250
| New | +$201K |
|
55
iShares 0-1 Year Treasury Bond ETF
SHV
$20.6B
| $200K | 0.06% |
1,815
| – | – |
|
56
Warner Bros
WBD
$65.1B
| $146K | 0.04% |
12,700
| – | – |
|
57
iShares Core S&P 500 ETF
IVV
$898B
| – | – |
-356
| Closed | -$200K |
|
58
Vanguard Morningstar Total Stock Market ETF
VTI
$681B
| – | – |
-1,983
| Closed | -$545K |
|
|
SHYM
59
iShares Short Duration High Yield Muni Active ETF
SHYM
$801M
| – | – |
-11,160
| Closed | -$253K |
|
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New Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, New Capital Management held 59 positions worth $358M, up 2.8% from $348M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
New Capital Management's Q2 2025 filing shows 9 new, 14 increased, 23 reduced and 3 closed positions. Its largest new stake was iShares Core Universal USD Bond ETF: 149,289 shares worth $6.9M. The largest sale was BlackRock Flexible Income ETF, an estimated $6.84M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 18% a quarter earlier, followed by Technology and Consumer Staples.
- New Capital Management's largest Q2 2025 buy was iShares Core Universal USD Bond ETF: 149,289 shares worth $6.9M.
- New Capital Management added most to Dimensional World ex US Core Equity 2 ETF in Q2 2025, an estimated $2.14M increase.
- New Capital Management's biggest Q2 2025 reduction was BlackRock Flexible Income ETF, cutting an estimated $6.84M.
- New Capital Management fully exited Vanguard Morningstar Total Stock Market ETF in Q2 2025, selling an estimated $545K.
- New Capital Management's ten largest holdings make up 80% of its $358M portfolio in Q2 2025.
- New Capital Management opened 9 new positions and closed 3 in Q2 2025.
- New Capital Management's portfolio value rose 2.8% quarter-over-quarter to $358M.
Based on New Capital Management's 13F filing for Q2 2025, filed 7 Jul 2025.