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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
Cap. Flow
-$4.65M
Cap. Flow %
-1.3%
Top 10 Hldgs %
80.02%
Holding
59
New
9
Increased
14
Reduced
23
Closed
3

Top Buys

Rank Stock Value
1
IUSB icon
iShares Core Universal USD Bond ETF
IUSB
+$6.81M
2
DFAX icon
Dimensional World ex US Core Equity 2 ETF
DFAX
+$2.14M
3
CEMB icon
iShares JPMorgan EM Corporate Bond ETF
CEMB
+$2.04M
4
LEMB icon
iShares JPMorgan EM Local Currency Bond ETF
LEMB
+$2.01M
5
GHYG icon
iShares US & Intl High Yield Corp Bond ETF
GHYG
+$2M

Top Sells

Rank Stock Value
1
BINC icon
BlackRock Flexible Income ETF
BINC
+$6.84M
2
AGG icon
iShares Core US Aggregate Bond ETF
AGG
+$5.32M
3
DFAC icon
Dimensional US Core Equity 2 ETF
DFAC
+$4.8M
4
DFCF icon
Dimensional Core Fixed Income ETF
DFCF
+$4.67M
5
BRK.B icon
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
DFAC icon
1
Dimensional US Core Equity 2 ETF
DFAC
$47.7B
$94.8M 26.46%
2,645,303
-143,972
-5% -$4.8M
DFAX icon
2
Dimensional World ex US Core Equity 2 ETF
DFAX
$11.9B
$68.5M 19.11%
2,331,006
+77,910
+3% +$2.14M
BRK.B icon
3
Berkshire Hathaway Class B
BRK.B
$1.1T
$54.5M 15.2%
112,108
-2,982
-3% -$1.51M
AAPL icon
4
Apple
AAPL
$4.9T
$16.1M 4.49%
78,408
-3
-0% -$606
EBI
5
The RBB Fund Trust Longview Advantage ETF
EBI
$674M
$10.9M 3.03%
213,409
-591
-0.3% -$28K
DFSU
6
Dimensional US Sustainability Core 1 ETF
DFSU
$2.26B
$10.7M 2.99%
272,556
-41,393
-13% -$1.51M
TFLO icon
7
iShares Treasury Floating Rate Bond ETF
TFLO
$6.54B
$10.1M 2.83%
200,338
+13,836
+7% +$700K
DFSI
8
Dimensional International Sustainability Core 1 ETF
DFSI
$1.15B
$7.32M 2.04%
185,790
+7,318
+4% +$272K
PEP icon
9
PepsiCo
PEP
$191B
$6.99M 1.95%
52,961
– –
IUSB icon
10
iShares Core Universal USD Bond ETF
IUSB
$43B
$6.9M 1.93%
+149,289
New +$6.81M
STIP icon
11
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
$6.7M 1.87%
65,136
+16,110
+33% +$1.65M
IBIT icon
12
iShares Bitcoin Trust
IBIT
$48.1B
$5.79M 1.61%
94,526
+706
+0.8% +$39.6K
IAGG icon
13
iShares Core International Aggregate Bond Fund
IAGG
$10.9B
$5.28M 1.47%
103,434
+3,549
+4% +$180K
JPST icon
14
JPMorgan Ultra-Short Income ETF
JPST
$40.1B
$4.98M 1.39%
98,293
+2,249
+2% +$114K
DFGR icon
15
Dimensional Global Real Estate ETF
DFGR
$3.87B
$4.67M 1.3%
174,110
-34,580
-17% -$908K
BINC icon
16
BlackRock Flexible Income ETF
BINC
$16.1B
$4.63M 1.29%
87,637
-131,338
-60% -$6.84M
MSFT icon
17
Microsoft
MSFT
$3.35T
$3.68M 1.03%
7,393
+77
+1% +$33.4K
DFSE
18
Dimensional Emerging Markets Sustainability Core 1 ETF
DFSE
$597M
$2.85M 0.8%
74,936
+5,678
+8% +$199K
NVDA icon
19
NVIDIA
NVDA
$4.72T
$2.25M 0.63%
+14,214
New +$1.79M
LEMB icon
20
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$742M
$2.1M 0.59%
+51,915
New +$2.01M
ISHG icon
21
iShares 1-3 Year International Treasury Bond ETF
ISHG
$837M
$2.07M 0.58%
+27,097
New +$2M
CEMB icon
22
iShares JPMorgan EM Corporate Bond ETF
CEMB
$398M
$2.07M 0.58%
+45,624
New +$2.04M
GHYG icon
23
iShares US & Intl High Yield Corp Bond ETF
GHYG
$194M
$2.06M 0.58%
+44,541
New +$2M
JMST icon
24
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.12B
$2.05M 0.57%
40,237
-1,342
-3% -$68.1K
AGG icon
25
iShares Core US Aggregate Bond ETF
AGG
$138B
$2.01M 0.56%
20,289
-54,247
-73% -$5.32M
1
2 3

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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.