New Capital Management Lp Activity in Q2 2026: ETF Purchases and Stock Sales Observed
New Capital Management's portfolio saw significant changes during the second quarter of 2026, with notable increases in Dimensional Fund Trust holdings (DFAC, DFAX) and additions to its list including IAU and IBIT.
As reported by InsiderSet for the period ending June 30, 2026, New Capital Management Lp's portfolio experienced substantial shifts during Q2. The firm managed a total portfolio value of approximately $420 million at that date.
The most significant change observed was the increase in holdings within Dimensional Fund Trust ETFs. Specifically, Dimensional ETF TRUST (DFAC) saw its share count rise by 0.49% and portfolio allocation percentage increase to 25.97%, while Dimensional ETF TRUST (DFAX) increased by a larger margin of 0.93% in shares, boosting its allocation to 20.22%. These substantial additions suggest strong confidence from the investor in these Dimensional products.
Besides the significant growth in Dimensional holdings, New Capital Management Lp also initiated new positions during this quarter according to their filing. Among the notable new investments were:
- ISHARES GOLD TR (IAU), adding a small-cap gold fund with an allocation of $3.5 million.
- BLACKROCK ETF TRUST II (BINC), acquiring shares in this BlackRock product valued at approximately $11.4 million.
- ISHARES BITCOIN TRUST ETF (IBIT), investing an additional $398 thousand in Bitcoin exposure.
- VANGUARD BD INDEX FDS (VUSB), adding a Vanguard fund focused on broad-based index investing, though its allocation remains very small at $0.3 million.
- ISHARES TR (TFLO), acquiring shares in this Ishares Trust ETF valued at around $5.0 million.
Conversely, the investor disposed of some holdings during Q2:
- The existing position in J P MORGAN EXCHANGE TRADED F (JBND), which is part of the Ishares Trust ETFs category, was reduced by $10.8k according to their filing.
Furthermore, New Capital Management Lp maintained or adjusted other positions:
- ISHARES TR (IUSB), a fund focused on broad market exposure, saw its share count increase by just over 1.5% and allocation percentage rise slightly to $907k.
The overall portfolio structure reflects New Capital Management Lp's focus on ETFs, particularly Dimensional ones which now constitute the largest part of their holdings at nearly 26% combined (DFAC + DFAX). Their significant buying activity this quarter also included adding exposure to gold and Bitcoin through Ishares funds.