New Capital Management LP
SEC Form 13F institutional filer · CIK 0001696731
13F-HR · 25 reported holdings · 2026-03-31
Reported long-US-equity value
$0.13B
Top-10 concentration
93.2%
New Capital Management LP — $133M AUM allocation strategy
New Capital Management LP files SEC Form 13F and reports $133M of long US equity value across 25 reported holdings for 2026-03-31.
Its largest sector bet is Financials 47.9%, followed by Information Technology 21.3% and Consumer Staples 6.8%.
The top 10 holdings account for 93% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
New Capital Management LP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$133M
total across 25 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
93% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$IVV +64.1K sh · +$3.1M+$BLK +12.3K sh · +$466K+$GOOGL +915 sh · −$196K
Biggest trims (shares)
−$AAPL −721 sh · −$1.59M−$BRK.B −437 sh · −$2.73M−$PEP −261 sh · +$584K
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Multi-Sector Holdings38.8%—
- Technology Hardware, Storage & Peripherals14.8%—
- Asset Management & Custody Banks8.4%—
- Soft Drinks & Non-alcoholic Beverages6.1%—
- Interactive Media & Services5.2%—
- Semiconductors4.2%—
- Systems Software2.4%—
- Restaurants1.0%—
- Other holdings19.1%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
9 of 9 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $BRK.B | Berkshire Hathaway Inc.-Class B | 107K | $51.4M | -437 | 38.7% |
| $AAPL | Apple Inc | 77.4K | $19.6M | -721 | 14.8% |
| $BLK | BlackRock Inc | 215K | $11.2M | +12.3K | 8.4% |
| $PEP | PepsiCo Inc | 52.8K | $8.2M | -261 | 6.2% |
| $GOOGL | Alphabet Inc | 17.9K | $5.14M | +915 | 3.9% |
| $NVDA | NVIDIA Corporation | 28.4K | $4.96M | +154 | 3.7% |
| $MSFT | Microsoft Corporation | 8.34K | $3.09M | +887 | 2.3% |
| $YUM | Yum! Brands Inc | 8.66K | $1.35M | +0 | 1.0% |
| $KIM | Kimco Realty Corporation | 43.3K | $972K | +0 | 0.7% |
…and 16 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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