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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
-1.22%
1 Year Est. Return
+16.55%
3 Year Est. Return
+49.41%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$406M
AUM Growth
+$7.53M
(+1.9%)
Cap. Flow
+$14.1M
Cap. Flow
% of AUM
3.48%
Top 10 Holdings %
Top 10 Hldgs %
76.42%
Holding
60
New
5
Increased
20
Reduced
20
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan International Bond Opportunities ETF
JPIB
|
+$4.1M |
| 2 |
iShares Gold Trust
IAU
|
+$3.76M |
| 3 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$2.83M |
| 4 |
iShares Core International Aggregate Bond Fund
IAGG
|
+$2.79M |
| 5 |
iShares US & Intl High Yield Corp Bond ETF
GHYG
|
+$1.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dimensional US Core Equity 2 ETF
DFAC
|
+$4.16M |
| 2 |
JPMorgan Ultra-Short Municipal Income ETF
JMST
|
+$1.52M |
| 3 |
iShares 0-5 Year TIPS Bond ETF
STIP
|
+$1.13M |
| 4 |
VGMS
Vanguard Multi-Sector Income Bond ETF
VGMS
|
+$846K |
| 5 |
DFSU
Dimensional US Sustainability Core 1 ETF
DFSU
|
+$814K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.95% |
| 2 | Technology | 6.96% |
| 3 | Consumer Staples | 2.23% |
| 4 | Communication Services | 1.98% |
| 5 | Consumer Discretionary | 0.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Home Depot
HD
$355B
| $315K | 0.08% |
+958
| New | +$349K |
|
52
Eli Lilly
LLY
$1.06T
| $300K | 0.07% |
326
| – | – |
|
53
Bristow Group
VTOL
$1.36B
| $270K | 0.07% |
+5,759
| New | +$253K |
|
|
54
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.1B
| $255K | 0.06% |
5,003
-29,812
| -86% | -$1.52M |
|
55
Dimensional Core Fixed Income ETF
DFCF
$10.9B
| $243K | 0.06% |
5,754
| – | – |
|
56
Aon
AON
$76B
| $228K | 0.06% |
707
| – | – |
|
57
iShares Core US Aggregate Bond ETF
AGG
$138B
| $210K | 0.05% |
2,117
| – | – |
|
58
iShares Short Maturity Bond ETF
NEAR
$4.85B
| $209K | 0.05% |
4,117
-190
| -4% | -$9.7K |
|
59
Cummins
CMI
$88.7B
| $201K | 0.05% |
+374
| New | +$212K |
|
60
JPMorgan Ultra-Short Income ETF
JPST
$40.3B
| – | – |
-6,456
| Closed | -$327K |
|
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New Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, New Capital Management held 60 positions worth $406M, up 1.9% from $398M the previous quarter. Its ten largest holdings account for 76% of the portfolio.
New Capital Management deployed $14.1M of net new capital in Q1 2026, opening 5 new positions and adding to 20 existing holdings. Its largest new stake was JPMorgan International Bond Opportunities ETF: 84,106 shares worth $4.02M.
By sector, the portfolio is most concentrated in Financials at 13% of assets, down from 14% a quarter earlier, followed by Technology and Consumer Staples.
On the sell side, the largest reduction was Dimensional US Core Equity 2 ETF, an estimated $4.16M trimmed.
- New Capital Management's largest Q1 2026 buy was JPMorgan International Bond Opportunities ETF: 84,106 shares worth $4.02M.
- New Capital Management added most to iShares Gold Trust in Q1 2026, an estimated $3.76M increase.
- New Capital Management's biggest Q1 2026 reduction was Dimensional US Core Equity 2 ETF, cutting an estimated $4.16M.
- New Capital Management fully exited JPMorgan Ultra-Short Income ETF in Q1 2026, selling an estimated $327K.
- New Capital Management's ten largest holdings make up 76% of its $406M portfolio in Q1 2026.
- New Capital Management opened 5 new positions and closed 1 in Q1 2026.
- New Capital Management's portfolio value rose 1.9% quarter-over-quarter to $406M.
Based on New Capital Management's 13F filing for Q1 2026, filed 14 Apr 2026.