B & T Capital Management DBA Alpha Capital Management
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 12, 2024), B & T Capital Management DBA Alpha Capital Management reported 114 stock positions worth $512.4 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 8.8% of the portfolio, followed by Pacer Developed Markets Inte (ICOW, 4.1%) and Vanguard Int Div App Indx FD (VIGI, 3.9%). Compared with Q4 2023, it opened 11 new positions, sold out of 9, added to 32 and reduced 61. The biggest buy was a new position in F/M US Treasury 3 Month Bill (TBIL) and the biggest sale an exit from First American Financial (FAF).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001450935
- Portfolio Value
- $512.4M (Q1 2024)
- SEC Filing
- 0001450935-24-000002 ↗ filed Apr 12, 2024
Holdings Value
Holdings 114 stocks · $512.4M
| QQQ Invesco QQQ Trust Series 1 | 8.76% | 101,147 | $44.9M | Reduce -7.1% |
| ICOW Pacer Developed Markets Inte | 4.12% | 660,086 | $21.1M | Add +3.5% |
| VIGI Vanguard Int Div App Indx FD | 3.92% | 246,624 | $20.1M | Add +5.3% |
| SCHG Schwab US Large-Cap Growth | 3.37% | 186,411 | $17.3M | Reduce -0.9% |
| XLE SS Energy Select Sector | 3.25% | 176,429 | $16.7M | Add +3.9% |
| SCHX Schwab US Large-Cap ETF | 3.15% | 259,969 | $16.1M | Reduce -1.3% |
| VNQ Vanguard Real Estate ETF | 3.05% | 180,671 | $15.6M | Add +15.5% |
| PDBC Invesco Optimum Yield Divers | 3.01% | 1,111,004 | $15.4M | Add +6.5% |
| KKR KKR & Co. Inc. | 2.03% | 103,607 | $10.4M | Reduce -12.4% |
| AAPL Apple Inc. | 2.02% | 60,488 | $10.4M | Reduce -4.5% |
| AMZN Amazon.com Inc. | 1.89% | 53,550 | $9.7M | Reduce -6.1% |
| JPM JPMorgan Chase & Co. | 1.80% | 46,015 | $9.2M | Reduce -4.3% |
| MSFT Microsoft Corp. | 1.70% | 20,688 | $8.7M | Reduce -6.4% |
| GOOGL Alphabet Inc. Class A | 1.68% | 57,094 | $8.6M | Reduce -5.0% |
| BX Blackstone Inc. | 1.68% | 65,425 | $8.6M | Reduce -5.3% |
| META Meta Platforms Inc. Class A | 1.67% | 17,634 | $8.6M | Reduce -12.4% |
| AESI Atlas Energy Solutions Inc. | 1.50% | 338,935 | $7.7M | Add +2.0% |
| MELI MercadoLibre Inc. | 1.48% | 5,016 | $7.6M | Reduce -5.5% |
| WSM Williams-Sonoma Inc. | 1.40% | 22,547 | $7.2M | Reduce -25.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.38% | 16,871 | $7.1M | Reduce -1.8% |
| NEE Nextera Energy Inc. | 1.35% | 108,526 | $6.9M | Add +1.6% |
| XOM Exxon Mobil Corp. | 1.32% | 58,128 | $6.8M | Reduce -0.1% |
| HON Honeywell International Inc. | 1.32% | 32,866 | $6.7M | Add +0.6% |
| AVGO Broadcom Inc. | 1.20% | 4,638 | $6.1M | Reduce -4.3% |
| CAT Caterpillar Inc. | 1.15% | 16,131 | $5.9M | Reduce -7.1% |
| SNOW Snowflake Inc. | 1.14% | 36,166 | $5.8M | Reduce -2.0% |
| QCOM Qualcomm Inc. | 1.09% | 32,865 | $5.6M | Reduce -6.2% |
| VMC Vulcan Materials Co. | 1.06% | 19,916 | $5.4M | Reduce -5.8% |
| HD Home Depot Inc. | 1.04% | 13,941 | $5.3M | Reduce -2.1% |
| FAST Fastenal Co. | 1.02% | 67,663 | $5.2M | Reduce -5.0% |
| ORCL Oracle Corp. | 0.99% | 40,463 | $5.1M | Reduce -2.5% |
| ABBV Abbvie Inc. | 0.98% | 27,680 | $5.0M | Reduce -5.8% |
| PH Parker Hannifin Corp. | 0.95% | 8,776 | $4.9M | Reduce -3.0% |
| V Visa Inc. Class A | 0.95% | 17,477 | $4.9M | Reduce -4.0% |
| MRK Merck & Co. Inc. | 0.94% | 36,411 | $4.8M | Reduce -0.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.93% | 9,119 | $4.8M | Add +1.5% |
| TBIL F/M US Treasury 3 Month Bill | 0.93% | 95,326 | $4.8M | New |
| BLK BlackRock Finance Inc. | 0.93% | 5,712 | $4.8M | Reduce -4.1% |
| WMT Walmart Inc. | 0.91% | 77,641 | $4.7M | Reduce -2.5% |
| STZ Constellation Brands Inc. Class A | 0.88% | 16,678 | $4.5M | Reduce -1.6% |
| SCHD Schwab US DVD Equity ETF | 0.85% | 53,939 | $4.3M | Reduce -18.7% |
| LMT Lockheed Martin Corp. | 0.84% | 9,483 | $4.3M | Add +0.5% |
| KVUE Kenvue Inc. | 0.81% | 193,390 | $4.2M | Add +1.2% |
| NVDA Nvidia Corp. | 0.81% | 4,573 | $4.1M | Reduce -1.3% |
| JPST JPMorgan Ultra-Short Income | 0.80% | 81,175 | $4.1M | Reduce -10.3% |
| PEP Pepsico Inc. | 0.79% | 23,015 | $4.0M | Add +0.2% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.77% | 47,481 | $4.0M | Add +3.3% |
| UBER Uber Technologies Inc. | 0.76% | 50,876 | $3.9M | Reduce -4.9% |
| SBUX Starbucks Corp. | 0.75% | 41,807 | $3.8M | Add +0.6% |
| CVX Chevron Corp. | 0.74% | 24,147 | $3.8M | Add +4.3% |
| MSCI MSCI Inc. | 0.74% | 6,746 | $3.8M | New |
| SOFI Sofi Technologies Inc. | 0.74% | 517,902 | $3.8M | Add +2.6% |
| AMGN Amgen Inc. | 0.73% | 13,107 | $3.7M | New |
| MLM Martin Marietta Materials | 0.72% | 5,996 | $3.7M | Reduce -7.5% |
| BKNG Booking Holdings Inc. | 0.71% | 1,000 | $3.6M | Reduce -2.9% |
| PANW Palo Alto Networks Inc. | 0.70% | 12,546 | $3.6M | Reduce -5.8% |
| SHOP Shopify Inc. Class A | 0.68% | 45,144 | $3.5M | Reduce -15.1% |
| AMD Advanced Micro Devices | 0.64% | 18,222 | $3.3M | Reduce -18.3% |
| GS Goldman Sachs Group Inc. | 0.62% | 7,625 | $3.2M | Reduce -1.4% |
| COST Costco Wholesale Corp. | 0.62% | 4,337 | $3.2M | Reduce -5.1% |
| MA Mastercard Inc. Class A | 0.61% | 6,448 | $3.1M | Reduce -3.7% |
| ROP Roper Technologies Inc. | 0.59% | 5,426 | $3.0M | Reduce -2.4% |
| CRSP Crispr Therapeutics AG | 0.59% | 44,246 | $3.0M | Reduce -1.1% |
| HUM Humana Inc. | 0.59% | 8,666 | $3.0M | Add +14.6% |
| RH RH | 0.55% | 8,034 | $2.8M | Add +4.3% |
| EOG EOG Resources Inc. | 0.51% | 20,241 | $2.6M | Add +2.2% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.50% | 12,878 | $2.6M | Reduce -0.6% |
| CNC Centene Corp. | 0.48% | 31,566 | $2.5M | Reduce -0.5% |
| OXY Occidental Petroleum Corp. | 0.47% | 36,834 | $2.4M | Add +5.5% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.44% | 1,314 | $2.2M | Add +173.2% |
| ARKK ARK Innovation ETF | 0.41% | 41,581 | $2.1M | Add +13.7% |
| ALB Albemarle Corp. | 0.40% | 15,676 | $2.1M | Add +7.7% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.40% | 13,336 | $2.1M | Add +14.3% |
| ICSH iShares Ultra Short Duration | 0.34% | 34,126 | $1.7M | Reduce -0.8% |
| GSY Invesco Ultra Short Duration | 0.33% | 33,500 | $1.7M | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.28% | 5,713 | $1.4M | Reduce -28.9% |
| JEPI JPMorgan Equity Premium Inco | 0.23% | 20,548 | $1.2M | Reduce -10.0% |
| COWZ Pacer US Cash Cows 100 ETF | 0.23% | 20,023 | $1.2M | Add +32.0% |
| LPRO Open Lending Corp. | 0.22% | 177,996 | $1.1M | Reduce -3.2% |
| BND Vanguard Total Bond Market | 0.21% | 14,609 | $1.1M | Reduce -4.5% |
| VOO Vanguard S&P 500 ETF | 0.20% | 2,166 | $1.0M | Reduce -26.4% |
| AMAT Applied Materials Inc. | 0.18% | 4,512 | $931K | Reduce -1.1% |
| STRS Stratus Properties Inc. | 0.17% | 38,750 | $885K | Add +100.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.14% | 2,851 | $741K | Add +5.6% |
| SMCI Super Micro Computer Inc. | 0.12% | 597 | $603K | New |
| DKNG Draftkings Inc. Class A | 0.12% | 13,108 | $595K | Add +35.3% |
| ADBE Adobe Inc. | 0.11% | 1,148 | $579K | Add +175.3% |
| NFLX Netflix Inc. | 0.11% | 940 | $571K | Add +8.8% |
| GOOG Alphabet Inc. Class C | 0.10% | 3,523 | $536K | Reduce -9.8% |
| PLTR Palantir Technologies Inc. Class A | 0.10% | 23,295 | $536K | New |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.10% | 10,542 | $518K | New |
| SPOT Spotify Technology SA | 0.10% | 1,959 | $517K | New |
| XBIL F/M US Treasury 6 Month Bill | 0.10% | 10,085 | $505K | New |
| LSCC Lattice Semiconductor Corp. | 0.10% | 6,415 | $502K | No change |
| VEA Vanguard Ftse Developed ETF | 0.08% | 8,464 | $425K | Reduce -0.5% |
| PG The Procter & Gamble Co. | 0.08% | 2,591 | $420K | No change |
| TSLA Tesla Inc. | 0.08% | 2,266 | $398K | Reduce -42.1% |
| MINT PIMCO Enhanced Short Maturit | 0.07% | 3,750 | $377K | No change |
| SLAB Silicon Laboratories Inc. | 0.07% | 2,608 | $375K | No change |
| IVV iShares Core S&P 500 ETF | 0.07% | 687 | $361K | Reduce -87.2% |
Options reported separately and not counted above: ARM puts ($187K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $22K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TLSIW Medtech Acquisition Corp.-CW | *W EXP 08/10/202 | 22,222 | $22K | New |
Total filed on the 13F, all lines: $512.4M.
Portfolio Sells Q4 2023 → Q1 2024
| FAF First American Financial | Sold out | 0.00% | −0.84 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.76 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.50 |
| AAPL Apple Inc. | Reduce -4.5% | 2.02% | −0.49 |
| IVV iShares Core S&P 500 ETF | Reduce -87.2% | 0.07% | −0.46 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -7.1% | 8.76% | −0.45 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.40 |
| SNOW Snowflake Inc. | Reduce -2.0% | 1.14% | −0.38 |
| MELI MercadoLibre Inc. | Reduce -5.5% | 1.48% | −0.24 |
| SCHD Schwab US DVD Equity ETF | Reduce -18.7% | 0.85% | −0.19 |
| BX Blackstone Inc. | Reduce -5.3% | 1.68% | −0.19 |
| SHOP Shopify Inc. Class A | Reduce -15.1% | 0.68% | −0.18 |
| JPST JPMorgan Ultra-Short Income | Reduce -10.3% | 0.80% | −0.14 |
| TSLA Tesla Inc. | Reduce -42.1% | 0.08% | −0.12 |
| PANW Palo Alto Networks Inc. | Reduce -5.8% | 0.70% | −0.12 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -28.9% | 0.28% | −0.11 |
| LPRO Open Lending Corp. | Reduce -3.2% | 0.22% | −0.11 |
| XOP SS SPDR S&P Og Exp & Prod | Sold out | 0.00% | −0.10 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -54.3% | 0.06% | −0.07 |
| BLK BlackRock Finance Inc. | Reduce -4.1% | 0.93% | −0.07 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −0.07 |
| VOO Vanguard S&P 500 ETF | Reduce -26.4% | 0.20% | −0.06 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -59.8% | 0.06% | −0.06 |
| GOOGL Alphabet Inc. Class A | Reduce -5.0% | 1.68% | −0.05 |
| SCHF Schwab Intl Equity ETF | Sold out | 0.00% | −0.05 |
| BKNG Booking Holdings Inc. | Reduce -2.9% | 0.71% | −0.05 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.04 |
| AMD Advanced Micro Devices | Reduce -18.3% | 0.64% | −0.04 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Reduce -0.6% | 0.50% | −0.03 |
| ROP Roper Technologies Inc. | Reduce -2.4% | 0.59% | −0.03 |
| V Visa Inc. Class A | Reduce -4.0% | 0.95% | −0.03 |
| JEPI JPMorgan Equity Premium Inco | Reduce -10.0% | 0.23% | −0.03 |
| BND Vanguard Total Bond Market | Reduce -4.5% | 0.21% | −0.03 |
| MORT Vaneck Mortgage REIT Income | Sold out | 0.00% | −0.02 |
| ICSH iShares Ultra Short Duration | Reduce -0.8% | 0.34% | −0.02 |
| MSFT Microsoft Corp. | Reduce -6.4% | 1.70% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -26.6% | 0.04% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -9.8% | 0.10% | −0.01 |
| NOBL Proshares S&P 500 Dividend A | Reduce -5.7% | 0.07% | −0.00 |
| COST Costco Wholesale Corp. | Reduce -5.1% | 0.62% | −0.00 |
| CNC Centene Corp. | Reduce -0.5% | 0.48% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.5% | 0.08% | −0.00 |
| GS Goldman Sachs Group Inc. | Reduce -1.4% | 0.62% | +0.00 |
| KKR KKR & Co. Inc. | Reduce -12.4% | 2.03% | +0.01 |
| CRSP Crispr Therapeutics AG | Reduce -1.1% | 0.59% | +0.01 |
| MA Mastercard Inc. Class A | Reduce -3.7% | 0.61% | +0.02 |
| HD Home Depot Inc. | Reduce -2.1% | 1.04% | +0.02 |
| AMAT Applied Materials Inc. | Reduce -1.1% | 0.18% | +0.03 |
| STZ Constellation Brands Inc. Class A | Reduce -1.6% | 0.88% | +0.04 |
| QCOM Qualcomm Inc. | Reduce -6.2% | 1.09% | +0.04 |
Portfolio Buys Q4 2023 → Q1 2024
| TBIL F/M US Treasury 3 Month Bill | New | 0.93% | +0.93 |
| MSCI MSCI Inc. | New | 0.74% | +0.74 |
| AMGN Amgen Inc. | New | 0.73% | +0.73 |
| MSTR Strategy Inc. | Add +173.2% | 0.44% | +0.37 |
| AESI Atlas Energy Solutions Inc. | Add +2.0% | 1.50% | +0.31 |
| XLE SS Energy Select Sector | Add +3.9% | 3.25% | +0.31 |
| VNQ Vanguard Real Estate ETF | Add +15.5% | 3.05% | +0.19 |
| PDBC Invesco Optimum Yield Divers | Add +6.5% | 3.01% | +0.14 |
| SMCI Super Micro Computer Inc. | New | 0.12% | +0.12 |
| PLTR Palantir Technologies Inc. Class A | New | 0.10% | +0.10 |
| CALF PCR US SM CP CSH CWS ETF-Usd | New | 0.10% | +0.10 |
| SPOT Spotify Technology SA | New | 0.10% | +0.10 |
| XBIL F/M US Treasury 6 Month Bill | New | 0.10% | +0.10 |
| VIGI Vanguard Int Div App Indx FD | Add +5.3% | 3.92% | +0.09 |
| RH RH | Add +4.3% | 0.55% | +0.08 |
| COWZ Pacer US Cash Cows 100 ETF | Add +32.0% | 0.23% | +0.06 |
| ADBE Adobe Inc. | Add +175.3% | 0.11% | +0.06 |
| STRS Stratus Properties Inc. | Add +100.0% | 0.17% | +0.06 |
| DELL Dell Technologies -C | New | 0.05% | +0.05 |
| EL Estee Lauder Companies Class A | Add +14.3% | 0.40% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.5% | 0.93% | +0.05 |
| DKNG Draftkings Inc. Class A | Add +35.3% | 0.12% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.04% | +0.04 |
| OXY Occidental Petroleum Corp. | Add +5.5% | 0.47% | +0.04 |
| CVX Chevron Corp. | Add +4.3% | 0.74% | +0.03 |
| NFLX Netflix Inc. | Add +8.8% | 0.11% | +0.02 |
| ARM Arm Holdings PLC-ADR | New | 0.02% | +0.02 |
| CF CF Industries Holdings Inc. | Add +3.3% | 0.77% | +0.02 |
| NEE Nextera Energy Inc. | Add +1.6% | 1.35% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +5.6% | 0.14% | +0.01 |
| ARKK ARK Innovation ETF | Add +13.7% | 0.41% | +0.01 |
| EOG EOG Resources Inc. | Add +2.2% | 0.51% | +0.01 |
| ESGV Vanguard ESG US Stock ETF | Add +0.1% | 0.06% | +0.00 |
| ICOW Pacer Developed Markets Inte | Add +3.5% | 4.12% | +0.00 |
| CSCO Cisco Systems Inc. | Add +6.2% | 0.05% | −0.00 |
| PEP Pepsico Inc. | Add +0.2% | 0.79% | −0.02 |
| ALB Albemarle Corp. | Add +7.7% | 0.40% | −0.03 |
| KVUE Kenvue Inc. | Add +1.2% | 0.81% | −0.04 |
| LMT Lockheed Martin Corp. | Add +0.5% | 0.84% | −0.04 |
| SBUX Starbucks Corp. | Add +0.6% | 0.75% | −0.08 |
| HON Honeywell International Inc. | Add +0.6% | 1.32% | −0.10 |
| HUM Humana Inc. | Add +14.6% | 0.59% | −0.13 |
| SOFI Sofi Technologies Inc. | Add +2.6% | 0.74% | −0.30 |
Options Activity Q4 2023 → Q1 2024
| ARM Arm Holdings PLC-ADR | put | New | 1,500 | $187K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| TLSIW Medtech Acquisition Corp.-CW | *W EXP 08/10/202 | New | 22,222 | $22K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 128 | $762.9M | BND, QQQ, VIGI, VNQ, QTUM |
| Q1 2026 | 115 | $689.9M | BND, QQQ, VIGI, VNQ, SCHX |
| Q4 2025 | 116 | $709.9M | BND, QQQ, VIGI, SCHX, SCHG |
| Q3 2025 | 116 | $630.4M | QQQ, VIGI, BIL, SCHX, SCHG |
| Q2 2025 | 111 | $580.8M | QQQ, VIGI, KRE, SCHG, SCHX |
| Q1 2025 | 114 | $526.1M | QQQ, VIGI, SCHG, BIL, XLE |
| Q4 2024 | 113 | $545.6M | QQQ, VIGI, SCHG, SCHX, BIL |
| Q3 2024 | 110 | $531.9M | QQQ, VIGI, ICOW, TBIL, SCHG |
| Q2 2024 | 113 | $513.6M | QQQ, VIGI, ICOW, SCHG, SCHX |
| Q1 2024 | 114 | $512.4M | QQQ, ICOW, VIGI, SCHG, XLE |