New Capital Management LP

Q3 2025 13F-HR Holdings

Location
Houston, TX
Holdings as of
9/30/2025
Date filed
10/8/2025
Form type
13F-HR
Num holdings
54
Total value ($000)
$381,741
Net value change ($000)
+23,434 (6.5%)
New positions
1
Sold out positions
2
Turnover %
0.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/7/2025 Next filing: 1/20/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
DFAC 7,475 7.9%
DFAX 4,867 7.1%
NVDA 3,929 174.9%
AAPL 3,873 24.1%
IUSB 1,626 23.6%
BRK-B 1,537 2.8%
DFSU 925 8.6%
EBI 848 7.8%
LEMB 507 24.2%
CEMB 486 23.4%
Top Reduces (Value $000, Stocks/ETFs)
TFLO -1,930 -19.0%
AGG -1,612 -80.1%
DFCF -985 -73.1%
DFGR -386 -8.3%
SHY -331 -100.0%
SHV -200 -100.0%
IAGG -184 -3.5%
BINC -130 -2.8%
STIP -122 -1.8%
NFLX -103 -10.4%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type