New Capital Management LP
New Capital Management LP is an SEC-registered investment adviser headquartered in Houston, Texas. The firm manages a diversified portfolio across public equities, exchange-traded funds, and other securities. As of Q2 2025, they report 56 holdings with assets under management of approximately $358 million. Their services are tailored for institutional and high net worth clients. While the exact founding year is not explicitly listed, the firm's first SEC filings date back to at least 2018. Employee count is not publicly disclosed.
Investment Strategy
New Capital Management LP implements a diversified investment strategy focused primarily on public equities and ETFs. Their approach emphasizes asset allocation across U.S. and international markets, including large core equity positions (e.g., Dimensional ETF Trust), significant holdings in Berkshire Hathaway, Apple, and a range of other funds and companies. The firm's philosophy appears to balance index-based exposure with select actively managed positions, targeting both growth and risk-adjusted returns for clients.
Top Holdings
Equity Positions (53)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
D DFAC | DIMENSIONAL ETF TRUST | 26.79% | $102.3M | 2,651,875 | $27.37 | $38.57 | +$7.5M |
D DFAX | DIMENSIONAL ETF TRUST | 19.21% | $73.3M | 2,336,795 | $23.09 | $31.38 | +$4.9M |
B BRK-B | BERKSHIRE HATHAWAY INC DEL | 14.67% | $56.0M | 111,381 | $368.67 | $502.74 | +$1.5M |
A AAPL | APPLE INC | 5.23% | $20.0M | 78,388 | $174.67 | $254.63 | +$3.9M |
D DFSU | DIMENSIONAL ETF TRUST | 3.04% | $11.6M | 273,670 | $31.00 | $42.47 | +$925.7K |