New Republic Capital, LLC
Long book
$296.7M
Q1 2026
Positions
312
Top-10 weight
34%
concentration
Last quarter
+13.2%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsNew Republic Capital, LLC is an institutional manager, running a $296.7M US long book across 312 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: GMO U.S. QUALITY ETF, MORGAN STANLEY, APPLE INC, JPMORGAN CHASE & CO, BERKSHIRE HATHAWAY INC-CL B.
Over the last 9 quarters its long book ran on average 0pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.8%
Q2 2024
+6.3%
Q3 2024
+2.3%
Q4 2024
-2.5%
Q1 2025
+10.5%
Q2 2025
+8.2%
Q3 2025
+3.3%
Q4 2025
-3.3%
Q1 2026
+13.2%
Sector allocation
Technology 30%
Financials 25%
Industrials 12%
Services media 8%
Healthcare 6%
Consumer discretionary 6%
Consumer staples 4%
Other 2%
Long book by quarter
What does New Republic own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MS MORGAN STANLEY | Financials | 104.0K | $17.1M | 5.8% | -0.3% |
| AAPL APPLE INC | Technology | 42.2K | $10.7M | 3.6% | -30.9% |
| JPM JPMORGAN CHASE & CO | Financials | 35.8K | $10.5M | 3.6% | +10.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 16.5K | $7.9M | 2.7% | -24.2% |
| NVDA NVIDIA CORP | Technology | 42.9K | $7.5M | 2.5% | -42.1% |
| GOOG ALPHABET INC-CL C | Technology | 24.5K | $7.0M | 2.4% | -40.0% |
| MSFT MICROSOFT CORP | Technology | 17.8K | $6.6M | 2.2% | -38.4% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 20.2K | $5.8M | 2.0% | +7.8% |
| MA MASTERCARD INC - A | Services media | 8.8K | $4.4M | 1.5% | -12.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 19.9K | $4.1M | 1.4% | -38.5% |
| GOOGL ALPHABET INC-CL A | Technology | 13.5K | $3.9M | 1.3% | -34.3% |
| NFLX NETFLIX INC | Services media | 37.4K | $3.6M | 1.2% | -13.6% |
| AVGO BROADCOM INC | Technology | 11.0K | $3.4M | 1.1% | -34.0% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 18.9K | $3.2M | 1.1% | -21.2% |
| META META PLATFORMS INC-CLASS A | Technology | 4.4K | $2.5M | 0.9% | -40.5% |
| UBER UBER TECHNOLOGIES INC | Services media | 30.8K | $2.2M | 0.7% | -7.6% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 3.6K | $2.1M | 0.7% | -3.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 8.4K | $2.0M | 0.7% | -21.6% |
| V VISA INC-CLASS A SHARES | Services media | 5.7K | $1.7M | 0.6% | -20.7% |
| TSLA TESLA INC | Industrials | 4.2K | $1.6M | 0.5% | -46.0% |
| LLY ELI LILLY & CO | Healthcare | 1.6K | $1.5M | 0.5% | -40.1% |
| CAT CATERPILLAR INC | Industrials | 2.1K | $1.5M | 0.5% | -35.7% |
| ABBV ABBVIE INC | Healthcare | 6.7K | $1.4M | 0.5% | +4.8% |
| XOM EXXON MOBIL CORP | Energy | 8.2K | $1.4M | 0.5% | -37.0% |
| WMT WALMART INC | Consumer discretionary | 10.7K | $1.3M | 0.5% | -40.2% |
| GE GENERAL ELECTRIC | Industrials | 4.3K | $1.2M | 0.4% | -15.5% |
| CVX CHEVRON CORP | Energy | 5.4K | $1.1M | 0.4% | -19.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 7.6K | $1.1M | 0.4% | -15.2% |
| MRK MERCK & CO. INC. | Healthcare | 8.7K | $1.1M | 0.4% | -29.5% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 789 | $1.0M | 0.4% | -44.2% |
| CSX CSX CORP | Industrials | 23.9K | $982K | 0.3% | -6.6% |
| KO COCA-COLA CO/THE | Consumer staples | 12.8K | $980K | 0.3% | -27.2% |
| ABT ABBOTT LABORATORIES | Healthcare | 9.4K | $966K | 0.3% | +3.8% |
| GS GOLDMAN SACHS GROUP INC | Financials | 1.1K | $909K | 0.3% | -38.9% |
| AMD ADVANCED MICRO DEVICES | Technology | 4.3K | $865K | 0.3% | -34.9% |
| CSCO CISCO SYSTEMS INC | Technology | 11.0K | $857K | 0.3% | -25.4% |
| RTX RTX CORP | Industrials | 4.4K | $841K | 0.3% | -29.5% |
| RNR RENAISSANCERE HOLDINGS LTD | Financials | 2.8K | $826K | 0.3% | -3.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 802 | $799K | 0.3% | -33.3% |
| HD HOME DEPOT INC | Consumer discretionary | 2.4K | $793K | 0.3% | -36.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 4.8K | $774K | 0.3% | -36.6% |
| LRCX LAM RESEARCH CORP | Industrials | 3.6K | $766K | 0.3% | -48.9% |
| MU MICRON TECHNOLOGY INC | Technology | 2.2K | $748K | 0.3% | -39.6% |
| KLAC KLA CORP | Other | 506 | $745K | 0.3% | -36.7% |
| ITW ILLINOIS TOOL WORKS | Industrials | 2.8K | $727K | 0.2% | New |
| DUK DUKE ENERGY CORP | Utilities | 5.2K | $686K | 0.2% | -31.4% |
| DASH DOORDASH INC - A | Services media | 4.4K | $668K | 0.2% | -9.7% |
| CMCSA COMCAST CORP-CLASS A | Communications | 23.0K | $662K | 0.2% | +8.2% |
| ORCL ORACLE CORP | Technology | 4.5K | $656K | 0.2% | -23.1% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 13.0K | $651K | 0.2% | +35.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 312 | $296.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 369 | $374.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 27, 2025 | 264 | $326.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 248 | $282.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 245 | $230.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 234 | $153.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 236 | $174.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 245 | $199.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 220 | $157.5M | canonical | SEC ↗ |
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