New Capital Management LP Diversified Active

CIK: 0001696731 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 20, 2026

Total Value ($000): $398,121 (100.0% shares, 0.0% debt)

Holdings (55)

New Positions (2)

VGMS VANGUARD MALVERN FDS 1.3%

Value ($000) $5,210 Shares 101,010 Est. Cost $51.58 Unrealized —

JBND J P MORGAN EXCHANGE TRADED F 1.3%

Value ($000) $5,181 Shares 95,816 Est. Cost $54.07 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VGMS	VANGUARD MALVERN FDS	101,010	$5,210	1.3%	$51.58	—	MULTI SECTOR	922020722
JBND	J P MORGAN EXCHANGE TRADED F	95,816	$5,181	1.3%	$54.07	—	ACTIVE BOND ETF	46654Q716

Increased Positions (8)

BINC BLACKROCK ETF TRUST II 2.7%

Value ($000) $10,725 (+138.3%) Shares 203,231 (+140.4%) Est. Cost $52.61 Unrealized —

GOOG ALPHABET INC 1.3%

Value ($000) $5,340 (+707.0%) Shares 17,018 (+526.4%) Est. Cost $255.92 Unrealized +11.9%

IBIT ISHARES BITCOIN TRUST ETF 1.2%

Value ($000) $4,852 (-22.1%) Shares 97,732 (+2.0%) Est. Cost $47.11 Unrealized —

NFLX NETFLIX INC 0.2%

Value ($000) $692 (-21.8%) Shares 7,380 (+900.0%) Est. Cost $101.39 Unrealized +6.3%

IUSB ISHARES TR 2.2%

Value ($000) $8,621 (+1.1%) Shares 185,239 (+1.5%) Est. Cost $46.32 Unrealized —

AOA ISHARES TR 0.1%

Value ($000) $327 (+5.2%) Shares 3,649 (+3.5%) Est. Cost $74.68 Unrealized —

GHYG ISHARES INC 0.6%

Value ($000) $2,546 (+0.4%) Shares 55,190 (+1.2%) Est. Cost $46.35 Unrealized —

ISHG ISHARES TR 0.6%

Value ($000) $2,522 (+0.3%) Shares 33,522 (+1.6%) Est. Cost $76.47 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BINC	BLACKROCK ETF TRUST II	203,231 (+140.4%)	$10,725 (+138.3%)	2.7%	$52.61	—	ISHARES FLEXIBLE	092528603
GOOG	ALPHABET INC	17,018 (+526.4%)	$5,340 (+707.0%)	1.3%	$255.92	+11.9%	CAP STK CL C	02079K107
IBIT	ISHARES BITCOIN TRUST ETF	97,732 (+2.0%)	$4,852 (-22.1%)	1.2%	$47.11	—	SHS BEN INT	46438F101
NFLX	NETFLIX INC	7,380 (+900.0%)	$692 (-21.8%)	0.2%	$101.39	+6.3%	COM	64110L106
IUSB	ISHARES TR	185,239 (+1.5%)	$8,621 (+1.1%)	2.2%	$46.32	—	CORE UNIVRSL USD	46434V613
AOA	ISHARES TR	3,649 (+3.5%)	$327 (+5.2%)	0.1%	$74.68	—	CORE 80/20 AGGRE	464289859
GHYG	ISHARES INC	55,190 (+1.2%)	$2,546 (+0.4%)	0.6%	$46.35	—	US INTL HGH YLD	464286178
ISHG	ISHARES TR	33,522 (+1.6%)	$2,522 (+0.3%)	0.6%	$76.47	—	3YRTB ETF	464288125

Exited Positions (1)

DUSB DIMENSIONAL ETF TRUST 0.1%

Value ($000) $227 Shares 4,470 Est. Cost $50.78 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DUSB	DIMENSIONAL ETF TRUST	4,470	$227	0.1%	$50.78	—	—	25434V591

Decreased Positions (19)

JPST J P MORGAN EXCHANGE TRADED F 0.1%

Value ($000) $327 (-93.4%) Shares 6,456 (-93.4%) Est. Cost $50.50 Unrealized —

TFLO ISHARES TR 1.3%

Value ($000) $5,125 (-37.6%) Shares 101,557 (-37.5%) Est. Cost $50.59 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 13.6%

Value ($000) $54,090 (-3.4%) Shares 107,609 (-3.4%) Est. Cost $245.80 Unrealized +102.4%

NVDA NVIDIA CORPORATION 1.3%

Value ($000) $5,277 (-14.5%) Shares 28,293 (-14.5%) Est. Cost $153.48 Unrealized +21.3%

DFGR DIMENSIONAL ETF TRUST 1.0%

Value ($000) $3,924 (-8.4%) Shares 148,535 (-5.3%) Est. Cost $24.05 Unrealized —

IAGG ISHARES TR 1.2%

Value ($000) $4,841 (-5.1%) Shares 96,791 (-2.8%) Est. Cost $50.41 Unrealized —

JMST J P MORGAN EXCHANGE TRADED F 0.4%

Value ($000) $1,773 (-10.1%) Shares 34,815 (-9.9%) Est. Cost $50.67 Unrealized —

AGG ISHARES TR 0.1%

Value ($000) $211 (-47.3%) Shares 2,117 (-47.1%) Est. Cost $103.08 Unrealized —

STIP ISHARES TR 1.6%

Value ($000) $6,395 (-2.8%) Shares 62,461 (-1.9%) Est. Cost $102.10 Unrealized —

DFSI DIMENSIONAL ETF TRUST 2.0%

Value ($000) $7,796 (+2.0%) Shares 181,948 (-2.5%) Est. Cost $31.75 Unrealized —

DFCF DIMENSIONAL ETF TRUST 0.1%

Value ($000) $245 (-32.3%) Shares 5,754 (-32.0%) Est. Cost $42.37 Unrealized —

COST COSTCO WHSL CORP NEW 0.2%

Value ($000) $744 (-9.2%) Shares 862 (-2.5%) Est. Cost $280.00 Unrealized +223.5%

DFSU DIMENSIONAL ETF TRUST 2.9%

Value ($000) $11,566 (-0.5%) Shares 266,317 (-2.7%) Est. Cost $30.84 Unrealized —

SGOV ISHARES TR 0.1%

Value ($000) $324 (-12.3%) Shares 3,227 (-12.0%) Est. Cost $100.33 Unrealized —

ICSH ISHARES TR 0.1%

Value ($000) $422 (-6.8%) Shares 8,346 (-6.5%) Est. Cost $50.19 Unrealized —

VUSB VANGUARD BD INDEX FDS 0.1%

Value ($000) $431 (-5.8%) Shares 8,648 (-5.5%) Est. Cost $49.15 Unrealized —

XOM EXXON MOBIL CORP 0.1%

Value ($000) $396 (+3.1%) Shares 3,289 (-3.4%) Est. Cost $76.97 Unrealized +50.0%

NEAR ISHARES U S ETF TR 0.1%

Value ($000) $220 (-3.7%) Shares 4,307 (-3.3%) Est. Cost $49.57 Unrealized —

SPY SPDR S&P 500 ETF TR 0.1%

Value ($000) $547 (-0.0%) Shares 802 (-2.3%) Est. Cost $633.38 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JPST	J P MORGAN EXCHANGE TRADED F	6,456 (-93.4%)	$327 (-93.4%)	0.1%	$50.50	—	ULTRA SHRT ETF	46641Q837
TFLO	ISHARES TR	101,557 (-37.5%)	$5,125 (-37.6%)	1.3%	$50.59	—	TRS FLT RT BD	46434V860
BRK/B	BERKSHIRE HATHAWAY INC DEL	107,609 (-3.4%)	$54,090 (-3.4%)	13.6%	$245.80	+102.4%	CL B NEW	084670702
NVDA	NVIDIA CORPORATION	28,293 (-14.5%)	$5,277 (-14.5%)	1.3%	$153.48	+21.3%	COM	67066G104
DFGR	DIMENSIONAL ETF TRUST	148,535 (-5.3%)	$3,924 (-8.4%)	1.0%	$24.05	—	GLOBAL REAL EST	25434V658
IAGG	ISHARES TR	96,791 (-2.8%)	$4,841 (-5.1%)	1.2%	$50.41	—	CORE INTL AGGR	46435G672
JMST	J P MORGAN EXCHANGE TRADED F	34,815 (-9.9%)	$1,773 (-10.1%)	0.4%	$50.67	—	ULTRA SHT MUNCPL	46641Q654
AGG	ISHARES TR	2,117 (-47.1%)	$211 (-47.3%)	0.1%	$103.08	—	CORE US AGGBD ET	464287226
STIP	ISHARES TR	62,461 (-1.9%)	$6,395 (-2.8%)	1.6%	$102.10	—	0-5 YR TIPS ETF	46429B747
DFSI	DIMENSIONAL ETF TRUST	181,948 (-2.5%)	$7,796 (+2.0%)	2.0%	$31.75	—	INTERNATIONAL	25434V690
DFCF	DIMENSIONAL ETF TRUST	5,754 (-32.0%)	$245 (-32.3%)	0.1%	$42.37	—	CORE FIXED INCOM	25434V872
COST	COSTCO WHSL CORP NEW	862 (-2.5%)	$744 (-9.2%)	0.2%	$280.00	+223.5%	COM	22160K105
DFSU	DIMENSIONAL ETF TRUST	266,317 (-2.7%)	$11,566 (-0.5%)	2.9%	$30.84	—	US SUSTAINABILTY	25434V716
SGOV	ISHARES TR	3,227 (-12.0%)	$324 (-12.3%)	0.1%	$100.33	—	0-3 MNTH TREASRY	46436E718
ICSH	ISHARES TR	8,346 (-6.5%)	$422 (-6.8%)	0.1%	$50.19	—	ULTRA SHORT DUR	46434V878
VUSB	VANGUARD BD INDEX FDS	8,648 (-5.5%)	$431 (-5.8%)	0.1%	$49.15	—	VANGUARD ULTRA	92203C303
XOM	EXXON MOBIL CORP	3,289 (-3.4%)	$396 (+3.1%)	0.1%	$76.97	+50.0%	COM	30231G102
NEAR	ISHARES U S ETF TR	4,307 (-3.3%)	$220 (-3.7%)	0.1%	$49.57	—	SHORT DURATION B	46431W507
SPY	SPDR S&P 500 ETF TR	802 (-2.3%)	$547 (-0.0%)	0.1%	$633.38	—	TR UNIT	78462F103

Unchanged Positions (26)

DFAX DIMENSIONAL ETF TRUST 19.3%

Value ($000) $76,982 Shares 2,352,036 Est. Cost $21.99 Unrealized —

DFAC DIMENSIONAL ETF TRUST 26.5%

Value ($000) $105,343 Shares 2,660,860 Est. Cost $25.54 Unrealized —

AAPL APPLE INC 5.3%

Value ($000) $21,236 Shares 78,114 Est. Cost $109.68 Unrealized +144.7%

EBI RBB FUND TRUST 3.0%

Value ($000) $12,075 Shares 213,409 Est. Cost $47.31 Unrealized —

MSFT MICROSOFT CORP 0.9%

Value ($000) $3,605 Shares 7,453 Est. Cost $170.69 Unrealized +193.3%

GOOGL ALPHABET INC 0.2%

Value ($000) $886 Shares 2,832 Est. Cost $96.15 Unrealized +197.0%

PEP PEPSICO INC 1.9%

Value ($000) $7,611 Shares 53,033 Est. Cost $102.99 Unrealized +41.7%

WBD WARNER BROS DISCOVERY INC 0.1%

Value ($000) $366 Shares 12,700 Est. Cost $8.01 Unrealized +191.7%

META META PLATFORMS INC 0.2%

Value ($000) $989 Shares 1,498 Est. Cost $169.12 Unrealized +294.6%

LLY ELI LILLY & CO 0.1%

Value ($000) $350 Shares 326 Est. Cost $769.58 Unrealized +24.2%

KIM KIMCO RLTY CORP 0.2%

Value ($000) $877 Shares 43,254 Est. Cost $18.47 Unrealized +11.4%

MELI MERCADOLIBRE INC 0.1%

Value ($000) $409 Shares 203 Est. Cost $1431.77 Unrealized +46.7%

AMZN AMAZON COM INC 0.3%

Value ($000) $1,045 Shares 4,525 Est. Cost $117.99 Unrealized +93.9%

YUMC YUM CHINA HLDGS INC 0.1%

Value ($000) $423 Shares 8,853 Est. Cost $26.68 Unrealized +71.7%

LEMB ISHARES INC 0.7%

Value ($000) $2,635 Shares 63,383 Est. Cost $40.54 Unrealized —

VT VANGUARD INTL EQUITY INDEX F 0.4%

Value ($000) $1,474 Shares 10,451 Est. Cost $68.14 Unrealized —

AVGO BROADCOM INC 0.2%

Value ($000) $622 Shares 1,799 Est. Cost $205.01 Unrealized +74.1%

IAU ISHARES GOLD TR 0.1%

Value ($000) $264 Shares 3,250 Est. Cost $62.36 Unrealized —

ACWI ISHARES TR 0.2%

Value ($000) $647 Shares 4,575 Est. Cost $70.23 Unrealized —

ABBV ABBVIE INC 0.2%

Value ($000) $741 Shares 3,244 Est. Cost $131.87 Unrealized +72.6%

AOR ISHARES TR 0.1%

Value ($000) $566 Shares 8,710 Est. Cost $50.93 Unrealized —

YUM YUM BRANDS INC 0.3%

Value ($000) $1,310 Shares 8,662 Est. Cost $53.30 Unrealized +177.1%

DFSE DIMENSIONAL ETF TRUST 0.8%

Value ($000) $3,082 Shares 74,312 Est. Cost $31.40 Unrealized —

MA MASTERCARD INCORPORATED 0.3%

Value ($000) $1,104 Shares 1,933 Est. Cost $372.11 Unrealized +50.2%

AON AON PLC 0.1%

Value ($000) $249 Shares 707 Est. Cost $285.70 Unrealized +22.2%

CEMB ISHARES INC 0.6%

Value ($000) $2,559 Shares 55,789 Est. Cost $45.58 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DFAX	DIMENSIONAL ETF TRUST	2,352,036	$76,982	19.3%	$21.99	—	WORLD EX US CORE	25434V880
DFAC	DIMENSIONAL ETF TRUST	2,660,860	$105,343	26.5%	$25.54	—	US CORE EQUITY 2	25434V708
AAPL	APPLE INC	78,114	$21,236	5.3%	$109.68	+144.7%	COM	037833100
EBI	RBB FUND TRUST	213,409	$12,075	3.0%	$47.31	—	LONGVIEW ADVANTG	75526L852
MSFT	MICROSOFT CORP	7,453	$3,605	0.9%	$170.69	+193.3%	COM	594918104
GOOGL	ALPHABET INC	2,832	$886	0.2%	$96.15	+197.0%	CAP STK CL A	02079K305
PEP	PEPSICO INC	53,033	$7,611	1.9%	$102.99	+41.7%	COM	713448108
WBD	WARNER BROS DISCOVERY INC	12,700	$366	0.1%	$8.01	+191.7%	COM SER A	934423104
META	META PLATFORMS INC	1,498	$989	0.2%	$169.12	+294.6%	CL A	30303M102
LLY	ELI LILLY & CO	326	$350	0.1%	$769.58	+24.2%	COM	532457108
KIM	KIMCO RLTY CORP	43,254	$877	0.2%	$18.47	+11.4%	COM	49446R109
MELI	MERCADOLIBRE INC	203	$409	0.1%	$1431.77	+46.7%	COM	58733R102
AMZN	AMAZON COM INC	4,525	$1,045	0.3%	$117.99	+93.9%	COM	023135106
YUMC	YUM CHINA HLDGS INC	8,853	$423	0.1%	$26.68	+71.7%	COM	98850P109
LEMB	ISHARES INC	63,383	$2,635	0.7%	$40.54	—	JP MORGAN EM ETF	464286517
VT	VANGUARD INTL EQUITY INDEX F	10,451	$1,474	0.4%	$68.14	—	TT WRLD ST ETF	922042742
AVGO	BROADCOM INC	1,799	$622	0.2%	$205.01	+74.1%	COM	11135F101
IAU	ISHARES GOLD TR	3,250	$264	0.1%	$62.36	—	ISHARES NEW	464285204
ACWI	ISHARES TR	4,575	$647	0.2%	$70.23	—	MSCI ACWI ETF	464288257
ABBV	ABBVIE INC	3,244	$741	0.2%	$131.87	+72.6%	COM	00287Y109
AOR	ISHARES TR	8,710	$566	0.1%	$50.93	—	CORE 60/40 BALAN	464289867
YUM	YUM BRANDS INC	8,662	$1,310	0.3%	$53.30	+177.1%	COM	988498101
DFSE	DIMENSIONAL ETF TRUST	74,312	$3,082	0.8%	$31.40	—	EMERGING MARKETS	25434V682
MA	MASTERCARD INCORPORATED	1,933	$1,104	0.3%	$372.11	+50.2%	CL A	57636Q104
AON	AON PLC	707	$249	0.1%	$285.70	+22.2%	SHS CL A	G0403H108
CEMB	ISHARES INC	55,789	$2,559	0.6%	$45.58	—	JP MRG EM CRP BD	464286251