B & T Capital Management DBA Alpha Capital Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 15, 2025), B & T Capital Management DBA Alpha Capital Management reported 113 stock positions worth $545.6 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 8.5% of the portfolio, followed by Vanguard Int Div App Indx FD (VIGI, 4.0%) and Schwab US Large-Cap Growth (SCHG, 3.9%). Compared with Q3 2024, it opened 7 new positions, sold out of 4, added to 48 and reduced 47. The biggest buy was a new position in SS SPDR BB 1-3M T-Bill ETF (BIL) and the biggest sale Pacer Developed Markets Inte (ICOW, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001450935
- Portfolio Value
- $545.6M (Q4 2024)
- SEC Filing
- 0001450935-25-000001 ↗ filed Jan 15, 2025
Holdings Value
Holdings 113 stocks · $545.6M
| QQQ Invesco QQQ Trust Series 1 | 8.52% | 90,945 | $46.5M | Reduce -0.2% |
| VIGI Vanguard Int Div App Indx FD | 3.97% | 271,085 | $21.7M | Add +5.7% |
| SCHG Schwab US Large-Cap Growth | 3.92% | 767,615 | $21.4M | Reduce -1.8% |
| SCHX Schwab US Large-Cap ETF | 3.36% | 790,181 | $18.3M | Reduce -0.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.35% | 200,129 | $18.3M | New |
| TBIL F/M US Treasury 3 Month Bill | 3.28% | 358,701 | $17.9M | Reduce -16.0% |
| VNQ Vanguard Real Estate ETF | 3.09% | 188,943 | $16.8M | Add +1.4% |
| XLE SS Energy Select Sector | 2.92% | 185,837 | $15.9M | Add +2.7% |
| AAPL Apple Inc. | 2.50% | 54,414 | $13.6M | Reduce -1.6% |
| SDVY First Trust Smid Cap Rising | 2.07% | 314,380 | $11.3M | New |
| JMEE JPM Sma & Mid Cap En Eq Et-U filed as J P MORGAN EXCHANGE TRADED F | 2.06% | 185,590 | $11.2M | New |
| KKR KKR & Co. Inc. | 2.03% | 74,744 | $11.1M | Reduce -8.5% |
| AMZN Amazon.com Inc. | 1.93% | 47,997 | $10.5M | Reduce -2.0% |
| JPM JPMorgan Chase & Co. | 1.89% | 42,980 | $10.3M | Reduce -3.1% |
| BX Blackstone Inc. | 1.88% | 59,472 | $10.3M | Reduce -4.8% |
| GOOGL Alphabet Inc. Class A | 1.78% | 51,225 | $9.7M | Reduce -0.1% |
| AVGO Broadcom Inc. | 1.72% | 40,431 | $9.4M | Reduce -6.2% |
| META Meta Platforms Inc. Class A | 1.61% | 15,004 | $8.8M | Reduce -4.8% |
| BKNG Booking Holdings Inc. | 1.47% | 1,611 | $8.0M | Reduce -1.0% |
| AESI Atlas Energy Solutions Inc. | 1.43% | 351,565 | $7.8M | Add +0.8% |
| MSFT Microsoft Corp. | 1.43% | 18,498 | $7.8M | Reduce -0.3% |
| NEE Nextera Energy Inc. | 1.41% | 107,638 | $7.7M | Add +0.5% |
| HON Honeywell International Inc. | 1.40% | 33,761 | $7.6M | Add +1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.39% | 16,714 | $7.6M | Add +1.1% |
| MELI MercadoLibre Inc. | 1.38% | 4,442 | $7.6M | Reduce -1.1% |
| WSM Williams-Sonoma Inc. | 1.38% | 40,584 | $7.5M | Reduce -4.6% |
| NVDA Nvidia Corp. | 1.31% | 53,107 | $7.1M | Reduce -1.2% |
| SOFI Sofi Technologies Inc. | 1.24% | 438,867 | $6.8M | Reduce -12.9% |
| XOM Exxon Mobil Corp. | 1.13% | 57,359 | $6.2M | Add +0.2% |
| WMT Walmart Inc. | 1.07% | 64,893 | $5.9M | Reduce -1.1% |
| SNOW Snowflake Inc. | 1.05% | 37,255 | $5.8M | Add +2.6% |
| ORCL Oracle Corp. | 1.05% | 34,506 | $5.8M | Reduce -5.9% |
| BLK BlackRock Inc. | 1.04% | 5,532 | $5.7M | Reduce -0.9% |
| V Visa Inc. Class A | 1.01% | 17,463 | $5.5M | Add +0.3% |
| HD Home Depot Inc. | 0.99% | 13,855 | $5.4M | Add +0.4% |
| PH Parker Hannifin Corp. | 0.98% | 8,392 | $5.3M | Reduce -3.3% |
| VMC Vulcan Materials Co. | 0.93% | 19,713 | $5.1M | Reduce -1.2% |
| ABBV Abbvie Inc. | 0.90% | 27,641 | $4.9M | Add +1.5% |
| FAST Fastenal Co. | 0.89% | 67,548 | $4.9M | Reduce -1.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.88% | 8,178 | $4.8M | Reduce -1.0% |
| CAT Caterpillar Inc. | 0.87% | 13,128 | $4.8M | Add +1.1% |
| LMT Lockheed Martin Corp. | 0.83% | 9,340 | $4.5M | Add +1.2% |
| MSCI MSCI Inc. | 0.80% | 7,292 | $4.4M | Add +1.1% |
| KVUE Kenvue Inc. | 0.79% | 200,967 | $4.3M | Add +1.5% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.79% | 50,223 | $4.3M | Add +2.5% |
| PANW Palo Alto Networks Inc. | 0.77% | 23,229 | $4.2M | Reduce -2.9% |
| QCOM Qualcomm Inc. | 0.76% | 26,831 | $4.1M | Add +4.0% |
| RH RH | 0.73% | 10,119 | $4.0M | Reduce -7.7% |
| STZ Constellation Brands Inc. Class A | 0.72% | 17,897 | $4.0M | Add +3.1% |
| MRK Merck & Co. Inc. | 0.72% | 39,372 | $3.9M | Add +5.5% |
| GS Goldman Sachs Group Inc. | 0.72% | 6,832 | $3.9M | Reduce -6.2% |
| SCHD Schwab US DVD Equity ETF | 0.69% | 138,128 | $3.8M | Reduce -2.0% |
| PEP Pepsico Inc. | 0.69% | 24,808 | $3.8M | Add +5.2% |
| AMGN Amgen Inc. | 0.68% | 14,157 | $3.7M | Add +4.6% |
| CVX Chevron Corp. | 0.67% | 25,399 | $3.7M | Reduce -0.2% |
| SHOP Shopify Inc. Class A | 0.61% | 31,186 | $3.3M | Reduce -18.4% |
| MA Mastercard Inc. Class A | 0.60% | 6,248 | $3.3M | Reduce -1.3% |
| COST Costco Wholesale Corp. | 0.55% | 3,254 | $3.0M | Add +0.3% |
| MLM Martin Marietta Materials | 0.54% | 5,750 | $3.0M | Reduce -1.1% |
| ROP Roper Technologies Inc. | 0.52% | 5,493 | $2.9M | Add +0.8% |
| CEG Constellation Energy | 0.48% | 11,822 | $2.6M | Add +53.1% |
| ECL Ecolab Inc. | 0.48% | 11,249 | $2.6M | New |
| EOG EOG Resources Inc. | 0.47% | 20,755 | $2.5M | Add +0.7% |
| LLY Eli Lilly & Co. | 0.47% | 3,289 | $2.5M | Add +7.0% |
| JPST JPMorgan Ultra-Short Income | 0.46% | 50,300 | $2.5M | Add +19.1% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.43% | 13,591 | $2.3M | Add +2.1% |
| REGN Regeneron Pharmaceuticals | 0.41% | 3,147 | $2.2M | Add +154.8% |
| OXY Occidental Petroleum Corp. | 0.36% | 39,241 | $1.9M | Add +2.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.28% | 5,886 | $1.6M | Add +4.6% |
| COWZ Pacer US Cash Cows 100 ETF | 0.26% | 24,758 | $1.4M | No change |
| AFL Aflac Inc. | 0.24% | 12,399 | $1.3M | New |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.23% | 4,271 | $1.2M | Reduce -46.0% |
| BND Vanguard Total Bond Market | 0.21% | 16,113 | $1.2M | Add +6.1% |
| JEPI JPMorgan Equity Premium Inco | 0.21% | 20,043 | $1.2M | Reduce -0.7% |
| PLTR Palantir Technologies Inc. Class A | 0.17% | 12,251 | $927K | Reduce -27.4% |
| ICSH iShares Ultra Short Duration | 0.16% | 17,626 | $889K | Add +43.9% |
| TSLA Tesla Inc. | 0.16% | 2,170 | $876K | Add +8.1% |
| GSY Invesco Ultra Short Duration | 0.16% | 17,000 | $852K | Add +46.2% |
| STRS Stratus Properties Inc. | 0.15% | 38,750 | $804K | No change |
| LPRO Open Lending Corp. | 0.14% | 130,773 | $781K | Reduce -18.6% |
| VOO Vanguard S&P 500 ETF | 0.14% | 1,444 | $778K | Reduce -4.7% |
| AMAT Applied Materials Inc. | 0.13% | 4,364 | $710K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.13% | 2,414 | $700K | Reduce -6.2% |
| GOOG Alphabet Inc. Class C | 0.11% | 3,196 | $609K | Reduce -6.7% |
| XBIL F/M US Treasury 6 Month Bill | 0.10% | 10,745 | $538K | No change |
| PDBC Invesco Optimum Yield Divers | 0.10% | 41,362 | $537K | Reduce -0.1% |
| MINT PIMCO Enhanced Short Maturit | 0.09% | 5,000 | $502K | Add +116.0% |
| ARM Arm Holdings PLC-ADR | 0.09% | 3,896 | $481K | Add +6.1% |
| MU Micron Technology Inc. | 0.09% | 5,638 | $474K | Add +74.9% |
| PG The Procter & Gamble Co. | 0.08% | 2,732 | $458K | Reduce -2.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.08% | 1,836 | $441K | New |
| VEA Vanguard Ftse Developed ETF | 0.08% | 8,675 | $415K | Add +1.4% |
| IVV iShares Core S&P 500 ETF | 0.08% | 699 | $412K | Add +1.8% |
| SPOT Spotify Technology SA | 0.07% | 913 | $408K | Reduce -1.3% |
| NFLX Netflix Inc. | 0.07% | 457 | $407K | Add +8.8% |
| SMCI Super Micro Computer Inc. | 0.07% | 12,777 | $389K | New |
| GRAL Grail Inc. | 0.07% | 21,684 | $387K | Add +105.6% |
| ESGV Vanguard ESG US Stock ETF | 0.07% | 3,526 | $370K | Add +0.1% |
| LSCC Lattice Semiconductor Corp. | 0.07% | 6,415 | $363K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.06% | 1,749 | $343K | Add +2.8% |
| COWG Pacer US LRG Cap Cows GR LD | 0.06% | 10,234 | $328K | Add +7.9% |
| SLAB Silicon Laboratories Inc. | 0.06% | 2,608 | $324K | No change |
| CSCO Cisco Systems Inc. | 0.06% | 5,404 | $320K | Reduce -1.5% |
| NOBL Proshares S&P 500 Dividend A | 0.05% | 3,000 | $299K | Reduce -11.8% |
| DELL Dell Technologies -C | 0.05% | 2,497 | $288K | Add +3.3% |
| BSV Vanguard Short-Term Bond ETF | 0.05% | 3,604 | $278K | No change |
| DKNG Draftkings Inc. Class A | 0.05% | 7,477 | $278K | Add +2.4% |
| SGOL Abrdn Physical Gold Shares | 0.05% | 10,443 | $262K | No change |
| IVW iShares S&P 500 Growth ETF | 0.05% | 2,522 | $256K | No change |
| AMD Advanced Micro Devices | 0.04% | 1,929 | $233K | Reduce -9.3% |
| ICOW Pacer Developed Markets Inte | 0.04% | 7,733 | $226K | Reduce -98.9% |
| CLF Cleveland-Cliffs Inc. | 0.02% | 12,850 | $121K | No change |
| F Ford Motor Co. filed as FORD MTR CO | 0.02% | 12,018 | $119K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $24K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TLSIW Medtech Acquisition Corp.-CW | *W EXP 08/10/202 | 22,222 | $24K | No change |
Total filed on the 13F, all lines: $545.6M.
Portfolio Sells Q3 2024 → Q4 2024
| ICOW Pacer Developed Markets Inte | Reduce -98.9% | 0.04% | −4.05 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −3.61 |
| TBIL F/M US Treasury 3 Month Bill | Reduce -16.0% | 3.28% | −0.74 |
| MELI MercadoLibre Inc. | Reduce -1.1% | 1.38% | −0.35 |
| ORCL Oracle Corp. | Reduce -5.9% | 1.05% | −0.12 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Sold out | 0.00% | −0.09 |
| META Meta Platforms Inc. Class A | Reduce -4.8% | 1.61% | −0.09 |
| MSFT Microsoft Corp. | Reduce -0.3% | 1.43% | −0.07 |
| SCHD Schwab US DVD Equity ETF | Reduce -2.0% | 0.69% | −0.06 |
| PH Parker Hannifin Corp. | Reduce -3.3% | 0.98% | −0.05 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.04 |
| MLM Martin Marietta Materials | Reduce -1.1% | 0.54% | −0.04 |
| LPRO Open Lending Corp. | Reduce -18.6% | 0.14% | −0.04 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.04 |
| CVX Chevron Corp. | Reduce -0.2% | 0.67% | −0.03 |
| FAST Fastenal Co. | Reduce -1.4% | 0.89% | −0.03 |
| MSTR Strategy Inc. | Reduce -46.0% | 0.23% | −0.02 |
| AMD Advanced Micro Devices | Reduce -9.3% | 0.04% | −0.02 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.5% | 3.36% | −0.02 |
| JEPI JPMorgan Equity Premium Inco | Reduce -0.7% | 0.21% | −0.01 |
| NOBL Proshares S&P 500 Dividend A | Reduce -11.8% | 0.05% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.0% | 0.88% | −0.01 |
| VMC Vulcan Materials Co. | Reduce -1.2% | 0.93% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -6.2% | 0.13% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -4.7% | 0.14% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -2.1% | 0.08% | −0.01 |
| PDBC Invesco Optimum Yield Divers | Reduce -0.1% | 0.10% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -1.5% | 0.06% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -6.7% | 0.11% | +0.00 |
| PANW Palo Alto Networks Inc. | Reduce -2.9% | 0.77% | +0.01 |
| SPOT Spotify Technology SA | Reduce -1.3% | 0.07% | +0.01 |
| MA Mastercard Inc. Class A | Reduce -1.3% | 0.60% | +0.02 |
| KKR KKR & Co. Inc. | Reduce -8.5% | 2.03% | +0.02 |
| SHOP Shopify Inc. Class A | Reduce -18.4% | 0.61% | +0.03 |
| GS Goldman Sachs Group Inc. | Reduce -6.2% | 0.72% | +0.04 |
| RH RH | Reduce -7.7% | 0.73% | +0.04 |
| BLK BlackRock Inc. | Reduce -0.9% | 1.04% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Reduce -27.4% | 0.17% | +0.05 |
| AAPL Apple Inc. | Reduce -1.6% | 2.50% | +0.08 |
| WMT Walmart Inc. | Reduce -1.1% | 1.07% | +0.08 |
| NVDA Nvidia Corp. | Reduce -1.2% | 1.31% | +0.08 |
| BX Blackstone Inc. | Reduce -4.8% | 1.88% | +0.08 |
| SCHG Schwab US Large-Cap Growth | Reduce -1.8% | 3.92% | +0.10 |
| JPM JPMorgan Chase & Co. | Reduce -3.1% | 1.89% | +0.13 |
| WSM Williams-Sonoma Inc. | Reduce -4.6% | 1.38% | +0.14 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.2% | 8.52% | +0.16 |
| BKNG Booking Holdings Inc. | Reduce -1.0% | 1.47% | +0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -0.1% | 1.78% | +0.18 |
| AMZN Amazon.com Inc. | Reduce -2.0% | 1.93% | +0.21 |
| AVGO Broadcom Inc. | Reduce -6.2% | 1.72% | +0.32 |
Portfolio Buys Q3 2024 → Q4 2024
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 3.35% | +3.35 |
| SDVY First Trust Smid Cap Rising | New | 2.07% | +2.07 |
| JMEE JPM Sma & Mid Cap En Eq Et-U | New | 2.06% | +2.06 |
| ECL Ecolab Inc. | New | 0.48% | +0.48 |
| SNOW Snowflake Inc. | Add +2.6% | 1.05% | +0.27 |
| AFL Aflac Inc. | New | 0.24% | +0.24 |
| REGN Regeneron Pharmaceuticals | Add +154.8% | 0.41% | +0.17 |
| V Visa Inc. Class A | Add +0.3% | 1.01% | +0.11 |
| CEG Constellation Energy | Add +53.1% | 0.48% | +0.11 |
| HON Honeywell International Inc. | Add +1.3% | 1.40% | +0.10 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.08% | +0.08 |
| SMCI Super Micro Computer Inc. | New | 0.07% | +0.07 |
| TSLA Tesla Inc. | Add +8.1% | 0.16% | +0.06 |
| JPST JPMorgan Ultra-Short Income | Add +19.1% | 0.46% | +0.06 |
| MINT PIMCO Enhanced Short Maturit | Add +116.0% | 0.09% | +0.05 |
| GSY Invesco Ultra Short Duration | Add +46.2% | 0.16% | +0.05 |
| ICSH iShares Ultra Short Duration | Add +43.9% | 0.16% | +0.05 |
| GRAL Grail Inc. | Add +105.6% | 0.07% | +0.04 |
| MU Micron Technology Inc. | Add +74.9% | 0.09% | +0.02 |
| NFLX Netflix Inc. | Add +8.8% | 0.07% | +0.02 |
| MSCI MSCI Inc. | Add +1.1% | 0.80% | +0.01 |
| COWG Pacer US LRG Cap Cows GR LD | Add +7.9% | 0.06% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +4.6% | 0.28% | +0.01 |
| COST Costco Wholesale Corp. | Add +0.3% | 0.55% | +0.01 |
| IVV iShares Core S&P 500 ETF | Add +1.8% | 0.08% | +0.00 |
| ESGV Vanguard ESG US Stock ETF | Add +0.1% | 0.07% | +0.00 |
| AESI Atlas Energy Solutions Inc. | Add +0.8% | 1.43% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +2.8% | 0.06% | −0.00 |
| DELL Dell Technologies -C | Add +3.3% | 0.05% | −0.00 |
| BND Vanguard Total Bond Market | Add +6.1% | 0.21% | −0.00 |
| DKNG Draftkings Inc. Class A | Add +2.4% | 0.05% | −0.00 |
| CF CF Industries Holdings Inc. | Add +2.5% | 0.79% | −0.00 |
| JBHT Hunt (jb) Transprt SVCS Inc. | Add +2.1% | 0.43% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Add +1.4% | 0.08% | −0.01 |
| EOG EOG Resources Inc. | Add +0.7% | 0.47% | −0.01 |
| ARM Arm Holdings PLC-ADR | Add +6.1% | 0.09% | −0.01 |
| OXY Occidental Petroleum Corp. | Add +2.7% | 0.36% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.1% | 1.39% | −0.04 |
| LLY Eli Lilly & Co. | Add +7.0% | 0.47% | −0.05 |
| ROP Roper Technologies Inc. | Add +0.8% | 0.52% | −0.05 |
| PEP Pepsico Inc. | Add +5.2% | 0.69% | −0.06 |
| HD Home Depot Inc. | Add +0.4% | 0.99% | −0.06 |
| XLE SS Energy Select Sector | Add +2.7% | 2.92% | −0.07 |
| QCOM Qualcomm Inc. | Add +4.0% | 0.76% | −0.07 |
| KVUE Kenvue Inc. | Add +1.5% | 0.79% | −0.07 |
| MRK Merck & Co. Inc. | Add +5.5% | 0.72% | −0.08 |
| CAT Caterpillar Inc. | Add +1.1% | 0.87% | −0.08 |
| ABBV Abbvie Inc. | Add +1.5% | 0.90% | −0.11 |
| STZ Constellation Brands Inc. Class A | Add +3.1% | 0.72% | −0.12 |
| XOM Exxon Mobil Corp. | Add +0.2% | 1.13% | −0.13 |
Options Activity Q3 2024 → Q4 2024
| ARM Arm Holdings PLC-ADR | put | Sold out | 1,500 | $215Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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 |