B & T Capital Management DBA Alpha Capital Management
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 9, 2024), B & T Capital Management DBA Alpha Capital Management reported 110 stock positions worth $531.9 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 8.4% of the portfolio, followed by Vanguard Int Div App Indx FD (VIGI, 4.3%) and Pacer Developed Markets Inte (ICOW, 4.1%). Compared with Q2 2024, it opened 3 new positions, sold out of 6, added to 34 and reduced 59. The biggest buy was F/M US Treasury 3 Month Bill (TBIL, shares +33%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001450935
- Portfolio Value
- $531.9M (Q3 2024)
- SEC Filing
- 0001450935-24-000007 ↗ filed Oct 9, 2024
Holdings Value
Holdings 110 stocks · $531.9M
| QQQ Invesco QQQ Trust Series 1 | 8.36% | 91,095 | $44.5M | Reduce -9.6% |
| VIGI Vanguard Int Div App Indx FD | 4.26% | 256,494 | $22.6M | Add +0.5% |
| ICOW Pacer Developed Markets Inte | 4.09% | 687,832 | $21.8M | Add +2.1% |
| TBIL F/M US Treasury 3 Month Bill | 4.02% | 426,877 | $21.4M | Add +32.5% |
| SCHG Schwab US Large-Cap Growth | 3.83% | 195,342 | $20.4M | Reduce -2.9% |
| KRE SS SPDR S&P Regional Bank | 3.61% | 339,662 | $19.2M | Add +0.2% |
| VNQ Vanguard Real Estate ETF | 3.41% | 186,253 | $18.1M | Add +0.6% |
| SCHX Schwab US Large-Cap ETF | 3.38% | 264,834 | $18.0M | Reduce -0.5% |
| XLE SS Energy Select Sector | 2.99% | 180,932 | $15.9M | Add +2.5% |
| AAPL Apple Inc. | 2.42% | 55,269 | $12.9M | Reduce -7.0% |
| KKR KKR & Co. Inc. | 2.00% | 81,656 | $10.7M | Reduce -6.9% |
| BX Blackstone Inc. | 1.80% | 62,438 | $9.6M | Reduce -4.4% |
| JPM JPMorgan Chase & Co. | 1.76% | 44,336 | $9.3M | Reduce -2.2% |
| MELI MercadoLibre Inc. | 1.73% | 4,490 | $9.2M | Reduce -10.2% |
| AMZN Amazon.com Inc. | 1.72% | 48,986 | $9.1M | Reduce -6.6% |
| NEE Nextera Energy Inc. | 1.70% | 107,160 | $9.1M | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 1.70% | 15,758 | $9.0M | Reduce -8.7% |
| GOOGL Alphabet Inc. Class A | 1.60% | 51,255 | $8.5M | Reduce -6.6% |
| MSFT Microsoft Corp. | 1.50% | 18,559 | $8.0M | Reduce -6.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.43% | 16,538 | $7.6M | Reduce -2.5% |
| AESI Atlas Energy Solutions Inc. | 1.43% | 348,731 | $7.6M | Add +2.8% |
| AVGO Broadcom Inc. | 1.40% | 43,105 | $7.4M | Reduce -3.7% |
| HON Honeywell International Inc. | 1.30% | 33,339 | $6.9M | Add +0.7% |
| BKNG Booking Holdings Inc. | 1.29% | 1,627 | $6.9M | Reduce -5.5% |
| XOM Exxon Mobil Corp. | 1.26% | 57,240 | $6.7M | Reduce -0.5% |
| WSM Williams-Sonoma Inc. | 1.24% | 42,552 | $6.6M | Reduce -1.6% |
| NVDA Nvidia Corp. | 1.23% | 53,734 | $6.5M | Reduce -13.0% |
| ORCL Oracle Corp. | 1.17% | 36,665 | $6.2M | Reduce -8.5% |
| HD Home Depot Inc. | 1.05% | 13,802 | $5.6M | Reduce -1.3% |
| PH Parker Hannifin Corp. | 1.03% | 8,680 | $5.5M | Reduce -1.4% |
| LMT Lockheed Martin Corp. | 1.01% | 9,231 | $5.4M | Reduce -3.0% |
| ABBV Abbvie Inc. | 1.01% | 27,222 | $5.4M | Reduce -1.8% |
| WMT Walmart Inc. | 1.00% | 65,650 | $5.3M | Reduce -0.7% |
| BLK BlackRock Finance Inc. | 1.00% | 5,581 | $5.3M | Reduce -3.4% |
| CAT Caterpillar Inc. | 0.96% | 12,987 | $5.1M | Reduce -16.6% |
| VMC Vulcan Materials Co. | 0.94% | 19,949 | $5.0M | Add +0.7% |
| FAST Fastenal Co. | 0.92% | 68,490 | $4.9M | Add +0.4% |
| V Visa Inc. Class A | 0.90% | 17,417 | $4.8M | Add +0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.89% | 8,260 | $4.7M | Reduce -8.1% |
| KVUE Kenvue Inc. | 0.86% | 197,958 | $4.6M | Add +0.4% |
| STZ Constellation Brands Inc. Class A | 0.84% | 17,351 | $4.5M | Add +2.3% |
| QCOM Qualcomm Inc. | 0.82% | 25,799 | $4.4M | Add +2.9% |
| AMGN Amgen Inc. | 0.82% | 13,534 | $4.4M | Add +1.0% |
| MRK Merck & Co. Inc. | 0.80% | 37,332 | $4.2M | Add +1.8% |
| MSCI MSCI Inc. | 0.79% | 7,212 | $4.2M | Add +1.6% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.79% | 48,980 | $4.2M | Add +1.1% |
| SNOW Snowflake Inc. | 0.78% | 36,302 | $4.2M | Reduce -1.7% |
| PANW Palo Alto Networks Inc. | 0.77% | 11,958 | $4.1M | Reduce -2.7% |
| PEP Pepsico Inc. | 0.75% | 23,591 | $4.0M | Add +1.4% |
| SCHD Schwab US DVD Equity ETF | 0.75% | 46,983 | $4.0M | Reduce -16.7% |
| SOFI Sofi Technologies Inc. | 0.74% | 503,752 | $4.0M | Reduce -2.5% |
| CVX Chevron Corp. | 0.70% | 25,458 | $3.7M | Add +3.1% |
| RH RH | 0.69% | 10,961 | $3.7M | Reduce -8.3% |
| GS Goldman Sachs Group Inc. | 0.68% | 7,286 | $3.6M | Reduce -2.9% |
| MLM Martin Marietta Materials | 0.59% | 5,817 | $3.1M | Reduce -1.0% |
| MA Mastercard Inc. Class A | 0.59% | 6,332 | $3.1M | Reduce -1.6% |
| SHOP Shopify Inc. Class A | 0.58% | 38,223 | $3.1M | Reduce -10.9% |
| ROP Roper Technologies Inc. | 0.57% | 5,449 | $3.0M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.54% | 3,246 | $2.9M | No change |
| LLY Eli Lilly & Co. | 0.51% | 3,073 | $2.7M | Add +748.9% |
| EOG EOG Resources Inc. | 0.48% | 20,606 | $2.5M | Add +1.0% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.43% | 13,309 | $2.3M | Add +0.2% |
| JPST JPMorgan Ultra-Short Income | 0.40% | 42,225 | $2.1M | Reduce -27.4% |
| CEG Constellation Energy | 0.38% | 7,724 | $2.0M | New |
| OXY Occidental Petroleum Corp. | 0.37% | 38,217 | $2.0M | Add +2.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.28% | 5,628 | $1.5M | Reduce -0.3% |
| COWZ Pacer US Cash Cows 100 ETF | 0.27% | 24,758 | $1.4M | No change |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.25% | 7,910 | $1.3M | Reduce -30.2% |
| REGN Regeneron Pharmaceuticals | 0.24% | 1,235 | $1.3M | New |
| JEPI JPMorgan Equity Premium Inco | 0.23% | 20,193 | $1.2M | Reduce -0.7% |
| BND Vanguard Total Bond Market | 0.21% | 15,187 | $1.1M | Add +2.3% |
| STRS Stratus Properties Inc. | 0.19% | 38,750 | $1.0M | No change |
| LPRO Open Lending Corp. | 0.18% | 160,678 | $983K | Reduce -1.2% |
| AMAT Applied Materials Inc. | 0.17% | 4,364 | $882K | Reduce -3.3% |
| VOO Vanguard S&P 500 ETF | 0.15% | 1,515 | $799K | Reduce -27.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.14% | 2,574 | $729K | Add +0.3% |
| PLTR Palantir Technologies Inc. Class A | 0.12% | 16,865 | $627K | Reduce -37.3% |
| ICSH iShares Ultra Short Duration | 0.12% | 12,251 | $622K | Reduce -57.9% |
| GSY Invesco Ultra Short Duration | 0.11% | 11,625 | $583K | Reduce -59.2% |
| GOOG Alphabet Inc. Class C | 0.11% | 3,425 | $573K | No change |
| PDBC Invesco Optimum Yield Divers | 0.10% | 41,416 | $556K | Add +0.7% |
| XBIL F/M US Treasury 6 Month Bill | 0.10% | 10,745 | $539K | Add +6.5% |
| TSLA Tesla Inc. | 0.10% | 2,007 | $525K | Add +9.5% |
| ARM Arm Holdings PLC-ADR | 0.10% | 3,671 | $525K | Reduce -24.7% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.09% | 10,542 | $490K | No change |
| PG The Procter & Gamble Co. | 0.09% | 2,792 | $484K | Add +2.1% |
| VEA Vanguard Ftse Developed ETF | 0.09% | 8,558 | $452K | Reduce -0.4% |
| IVV iShares Core S&P 500 ETF | 0.07% | 687 | $396K | No change |
| NOBL Proshares S&P 500 Dividend A | 0.07% | 3,400 | $363K | No change |
| ESGV Vanguard ESG US Stock ETF | 0.07% | 3,522 | $358K | Add +0.1% |
| AMD Advanced Micro Devices | 0.07% | 2,128 | $349K | Reduce -8.6% |
| SPOT Spotify Technology SA | 0.06% | 925 | $341K | Reduce -52.6% |
| LSCC Lattice Semiconductor Corp. | 0.06% | 6,415 | $340K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.06% | 1,702 | $337K | Reduce -0.8% |
| MU Micron Technology Inc. | 0.06% | 3,223 | $334K | Add +4.1% |
| SLAB Silicon Laboratories Inc. | 0.06% | 2,608 | $301K | No change |
| NFLX Netflix Inc. | 0.06% | 420 | $298K | Reduce -56.4% |
| CSCO Cisco Systems Inc. | 0.05% | 5,488 | $292K | Add +1.4% |
| DELL Dell Technologies -C | 0.05% | 2,417 | $287K | Add +1.1% |
| DKNG Draftkings Inc. Class A | 0.05% | 7,305 | $286K | Reduce -45.7% |
Options reported separately and not counted above: ARM puts ($215K).
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 | No change |
Total filed on the 13F, all lines: $531.9M.
Portfolio Sells Q2 2024 → Q3 2024
| QQQ Invesco QQQ Trust Series 1 | Reduce -9.6% | 8.36% | −1.04 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.64 |
| CRSP Crispr Therapeutics AG | Sold out | 0.00% | −0.39 |
| GOOGL Alphabet Inc. Class A | Reduce -6.6% | 1.60% | −0.35 |
| NVDA Nvidia Corp. | Reduce -13.0% | 1.23% | −0.26 |
| AMZN Amazon.com Inc. | Reduce -6.6% | 1.72% | −0.26 |
| MSFT Microsoft Corp. | Reduce -6.7% | 1.50% | −0.23 |
| SNOW Snowflake Inc. | Reduce -1.7% | 0.78% | −0.19 |
| ICSH iShares Ultra Short Duration | Reduce -57.9% | 0.12% | −0.17 |
| JPST JPMorgan Ultra-Short Income | Reduce -27.4% | 0.40% | −0.17 |
| GSY Invesco Ultra Short Duration | Reduce -59.2% | 0.11% | −0.17 |
| SCHG Schwab US Large-Cap Growth | Reduce -2.9% | 3.83% | −0.12 |
| SCHD Schwab US DVD Equity ETF | Reduce -16.7% | 0.75% | −0.11 |
| NFLX Netflix Inc. | Reduce -56.4% | 0.06% | −0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.07 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.1% | 0.89% | −0.06 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.06 |
| ARM Arm Holdings PLC-ADR | Reduce -24.7% | 0.10% | −0.06 |
| SPOT Spotify Technology SA | Reduce -52.6% | 0.06% | −0.06 |
| CAT Caterpillar Inc. | Reduce -16.6% | 0.96% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -27.6% | 0.15% | −0.05 |
| MSTR Strategy Inc. | Reduce -30.2% | 0.25% | −0.05 |
| SMCI Super Micro Computer Inc. | Reduce -0.3% | 0.04% | −0.05 |
| DKNG Draftkings Inc. Class A | Reduce -45.7% | 0.05% | −0.05 |
| PANW Palo Alto Networks Inc. | Reduce -2.7% | 0.77% | −0.04 |
| AMAT Applied Materials Inc. | Reduce -3.3% | 0.17% | −0.04 |
| BKNG Booking Holdings Inc. | Reduce -5.5% | 1.29% | −0.04 |
| MLM Martin Marietta Materials | Reduce -1.0% | 0.59% | −0.03 |
| MINT PIMCO Enhanced Short Maturit | Reduce -38.3% | 0.04% | −0.03 |
| ROP Roper Technologies Inc. | Reduce -0.3% | 0.57% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -0.5% | 1.26% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -2.2% | 1.76% | −0.03 |
| AAPL Apple Inc. | Reduce -7.0% | 2.42% | −0.02 |
| NAT Nordic American Tankers Ltd. | Sold out | 0.00% | −0.02 |
| PLTR Palantir Technologies Inc. Class A | Reduce -37.3% | 0.12% | −0.01 |
| COWG Pacer US LRG Cap Cows GR LD | Reduce -18.3% | 0.05% | −0.01 |
| AMD Advanced Micro Devices | Reduce -8.6% | 0.07% | −0.01 |
| F Ford Motor Co. | Reduce -0.4% | 0.02% | −0.01 |
| AVGO Broadcom Inc. | Reduce -3.7% | 1.40% | −0.00 |
| JEPI JPMorgan Equity Premium Inco | Reduce -0.7% | 0.23% | +0.00 |
| META Meta Platforms Inc. Class A | Reduce -8.7% | 1.70% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.4% | 0.09% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.8% | 0.06% | +0.00 |
| LPRO Open Lending Corp. | Reduce -1.2% | 0.18% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.3% | 0.28% | +0.01 |
| GS Goldman Sachs Group Inc. | Reduce -2.9% | 0.68% | +0.02 |
| SHOP Shopify Inc. Class A | Reduce -10.9% | 0.58% | +0.02 |
| MA Mastercard Inc. Class A | Reduce -1.6% | 0.59% | +0.04 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.5% | 3.38% | +0.05 |
Portfolio Buys Q2 2024 → Q3 2024
| TBIL F/M US Treasury 3 Month Bill | Add +32.5% | 4.02% | +0.88 |
| LLY Eli Lilly & Co. | Add +748.9% | 0.51% | +0.45 |
| VNQ Vanguard Real Estate ETF | Add +0.6% | 3.41% | +0.39 |
| CEG Constellation Energy | New | 0.38% | +0.38 |
| KRE SS SPDR S&P Regional Bank | Add +0.2% | 3.61% | +0.37 |
| REGN Regeneron Pharmaceuticals | New | 0.24% | +0.24 |
| VIGI Vanguard Int Div App Indx FD | Add +0.5% | 4.26% | +0.22 |
| KVUE Kenvue Inc. | Add +0.4% | 0.86% | +0.16 |
| MSCI MSCI Inc. | Add +1.6% | 0.79% | +0.12 |
| AESI Atlas Energy Solutions Inc. | Add +2.8% | 1.43% | +0.11 |
| ICOW Pacer Developed Markets Inte | Add +2.1% | 4.09% | +0.11 |
| CF CF Industries Holdings Inc. | Add +1.1% | 0.79% | +0.09 |
| FAST Fastenal Co. | Add +0.4% | 0.92% | +0.08 |
| TSLA Tesla Inc. | Add +9.5% | 0.10% | +0.03 |
| GRAL Grail Inc. | New | 0.03% | +0.03 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Add +0.2% | 0.43% | +0.02 |
| V Visa Inc. Class A | Add +0.2% | 0.90% | +0.01 |
| PEP Pepsico Inc. | Add +1.4% | 0.75% | +0.01 |
| BND Vanguard Total Bond Market | Add +2.3% | 0.21% | +0.01 |
| CSCO Cisco Systems Inc. | Add +1.4% | 0.05% | +0.00 |
| AMGN Amgen Inc. | Add +1.0% | 0.82% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 0.14% | +0.00 |
| PG The Procter & Gamble Co. | Add +2.1% | 0.09% | +0.00 |
| XBIL F/M US Treasury 6 Month Bill | Add +6.5% | 0.10% | +0.00 |
| ESGV Vanguard ESG US Stock ETF | Add +0.1% | 0.07% | +0.00 |
| PDBC Invesco Optimum Yield Divers | Add +0.7% | 0.10% | −0.01 |
| STZ Constellation Brands Inc. Class A | Add +2.3% | 0.84% | −0.01 |
| DELL Dell Technologies -C | Add +1.1% | 0.05% | −0.01 |
| MU Micron Technology Inc. | Add +4.1% | 0.06% | −0.02 |
| VMC Vulcan Materials Co. | Add +0.7% | 0.94% | −0.02 |
| EOG EOG Resources Inc. | Add +1.0% | 0.48% | −0.02 |
| CVX Chevron Corp. | Add +3.1% | 0.70% | −0.05 |
| HON Honeywell International Inc. | Add +0.7% | 1.30% | −0.08 |
| MRK Merck & Co. Inc. | Add +1.8% | 0.80% | −0.09 |
| OXY Occidental Petroleum Corp. | Add +2.6% | 0.37% | −0.09 |
| XLE SS Energy Select Sector | Add +2.5% | 2.99% | −0.15 |
| QCOM Qualcomm Inc. | Add +2.9% | 0.82% | −0.15 |
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 |