# EDGAR Filing Document

**Accession Number:** 0001696731
**File Stem:** 0001696731-23-000001
**Filing Date:** 2023-1
**Character Count:** 8459
**Document Hash:** 2930fb20d77086902ca3d6ef1abde4dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001696731-23-000001.hdr.sgml**: 20230111

**ACCESSION NUMBER**: 0001696731-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230111

**DATE AS OF CHANGE**: 20230111

**EFFECTIVENESS DATE**: 20230111

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New Capital Management LP
- **CENTRAL INDEX KEY:** 0001696731
- **IRS NUMBER:** 841649526

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17665
- **FILM NUMBER:** 23523220

**BUSINESS ADDRESS:**
- **STREET 1:** 3355 W. ALABAMA STREET
- **STREET 2:** STE 275
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098
- **BUSINESS PHONE:** 7133886322

**MAIL ADDRESS:**
- **STREET 1:** 3355 W. ALABAMA STREET
- **STREET 2:** STE 275
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** New Capital Management LP<br>**Address:** 3355 W. ALABAMA STREET<br>STE 275<br>HOUSTON, TX 77098

**Form 13F File Number:** 028-17665

**CRD Number (if applicable):** 000131658

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jaycee Smalley<br>**Title:** Financial Planner<br>**Phone:** 7133886322

**Signature, Place, and Date of Signing:**

Jaycee Smalley  Houston, TX  01-11-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 48

**Form 13F Information Table Value Total:** $232450097

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 727245 | 4500 | SH |  | SOLE | 0 | 0 | 0 | 4500 |
| AMAZON COM INC | COM | 023135106 |  | 586320 | 6980 | SH |  | SOLE | 0 | 0 | 0 | 6980 |
| AON PLC | SHS CL A | G0403H108 |  | 222412 | 741 | SH |  | SOLE | 0 | 0 | 0 | 741 |
| APPLE INC | COM | 037833100 |  | 9568121 | 73641 | SH |  | SOLE | 0 | 0 | 0 | 73641 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 937422 | 2 | SH |  | SOLE | 0 | 0 | 0 | 2 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 34502653 | 111695 | SH |  | SOLE | 0 | 0 | 0 | 111695 |
| COMPASS THERAPEUTICS INC | COM | 20454B104 |  | 121942 | 24243 | SH |  | SOLE | 0 | 0 | 0 | 24243 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 122616 | 5200 | SH | Put | SOLE | 0 | 0 | 0 | 5200 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 127920 | 4800 | SH | Put | SOLE | 0 | 0 | 0 | 4800 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 4941270 | 10824 | SH |  | SOLE | 0 | 0 | 0 | 10824 |
| CSX CORP | COM | 126408103 |  | 244256 | 7884 | SH |  | SOLE | 0 | 0 | 0 | 7884 |
| DIMENSIONAL ETF TRUST | GLOBAL REAL EST | 25434V658 |  | 1016650 | 41674 | SH |  | SOLE | 0 | 0 | 0 | 41674 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 54245600 | 2234168 | SH |  | SOLE | 0 | 0 | 0 | 2234168 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 37731414 | 1746825 | SH |  | SOLE | 0 | 0 | 0 | 1746825 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 514171 | 4662 | SH |  | SOLE | 0 | 0 | 0 | 4662 |
| FEDEX CORP | COM | 31428X106 |  | 381386 | 2202 | SH |  | SOLE | 0 | 0 | 0 | 2202 |
| HOME DEPOT INC | COM | 437076102 |  | 4437045 | 14048 | SH |  | SOLE | 0 | 0 | 0 | 14048 |
| HOME DEPOT INC | COM | 437076102 |  | 278775 | 13500 | SH | Put | SOLE | 0 | 0 | 0 | 13500 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 482548 | 3425 | SH |  | SOLE | 0 | 0 | 0 | 3425 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 547417 | 11722 | SH |  | SOLE | 0 | 0 | 0 | 11722 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 1697935 | 27546 | SH |  | SOLE | 0 | 0 | 0 | 27546 |
| ISHARES TR | MSCI ACWI ETF | 464288257 |  | 493628 | 5816 | SH |  | SOLE | 0 | 0 | 0 | 5816 |
| ISHARES TR | MSCI USA ESG SLC | 464288802 |  | 228863 | 2780 | SH |  | SOLE | 0 | 0 | 0 | 2780 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 2982246 | 35168 | SH |  | SOLE | 0 | 0 | 0 | 35168 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 4599932 | 41848 | SH |  | SOLE | 0 | 0 | 0 | 41848 |
| ISHARES TR | INTL DIV GRWTH | 46435G524 |  | 1293275 | 22441 | SH |  | SOLE | 0 | 0 | 0 | 22441 |
| ISHARES TR | BLACKROCK ULTRA | 46434V878 |  | 436549 | 8724 | SH |  | SOLE | 0 | 0 | 0 | 8724 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 6864690 | 136177 | SH |  | SOLE | 0 | 0 | 0 | 136177 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 1508000 | 30160 | SH |  | SOLE | 0 | 0 | 0 | 30160 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 1554108 | 32684 | SH |  | SOLE | 0 | 0 | 0 | 32684 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 5674108 | 69904 | SH |  | SOLE | 0 | 0 | 0 | 69904 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 6300086 | 64956 | SH |  | SOLE | 0 | 0 | 0 | 64956 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 513523 | 5128 | SH |  | SOLE | 0 | 0 | 0 | 5128 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 17340807 | 178845 | SH |  | SOLE | 0 | 0 | 0 | 178845 |
| ISHARES U S ETF TR | BLACKROCK ST MAT | 46431W507 |  | 223784 | 4542 | SH |  | SOLE | 0 | 0 | 0 | 4542 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 951818 | 18987 | SH |  | SOLE | 0 | 0 | 0 | 18987 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 1624953 | 32155 | SH |  | SOLE | 0 | 0 | 0 | 32155 |
| KIMCO RLTY CORP | COM | 49446R109 |  | 1221763 | 57685 | SH |  | SOLE | 0 | 0 | 0 | 57685 |
| MICROSOFT CORP | COM | 594918104 |  | 3691228 | 15392 | SH |  | SOLE | 0 | 0 | 0 | 15392 |
| PEPSICO INC | COM | 713448108 |  | 10592323 | 58631 | SH |  | SOLE | 0 | 0 | 0 | 58631 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 245112 | 641 | SH |  | SOLE | 0 | 0 | 0 | 641 |
| SPRUCE POWER HOLDING CORP | COM CL A | 9837FR100 |  | 54935 | 59770 | SH |  | SOLE | 0 | 0 | 0 | 59770 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 5401319 | 71750 | SH |  | SOLE | 0 | 0 | 0 | 71750 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 1351126 | 27574 | SH |  | SOLE | 0 | 0 | 0 | 27574 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 862119 | 10003 | SH |  | SOLE | 0 | 0 | 0 | 10003 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 1411446 | 9295 | SH |  | SOLE | 0 | 0 | 0 | 9295 |
| YUM BRANDS INC | COM | 988498101 |  | 1109438 | 8662 | SH |  | SOLE | 0 | 0 | 0 | 8662 |
| YUM CHINA HLDGS INC | COM | 98850P109 |  | 483800 | 8853 | SH |  | SOLE | 0 | 0 | 0 | 8853 |

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