B & T Capital Management DBA Alpha Capital Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), B & T Capital Management DBA Alpha Capital Management reported 114 stock positions worth $526.1 million. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 8.3% of the portfolio, followed by Vanguard Int Div App Indx FD (VIGI, 4.5%) and Schwab US Large-Cap Growth (SCHG, 3.8%). Compared with Q4 2024, it opened 5 new positions, sold out of 4, added to 54 and reduced 47. The biggest buy was a new position in Quanta Services (PWR) and the biggest sale F/M US Treasury 3 Month Bill (TBIL, shares −64%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001450935
- Portfolio Value
- $526.1M (Q1 2025)
- SEC Filing
- 0001450935-25-000003 ↗ filed May 1, 2025
Holdings Value
Holdings 114 stocks · $526.1M
| QQQ Invesco QQQ Trust Series 1 | 8.28% | 92,899 | $43.6M | Add +2.1% |
| VIGI Vanguard Int Div App Indx FD | 4.45% | 282,276 | $23.4M | Add +4.1% |
| SCHG Schwab US Large-Cap Growth | 3.84% | 805,976 | $20.2M | Add +5.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.53% | 202,265 | $18.6M | Add +1.1% |
| XLE SS Energy Select Sector | 3.46% | 194,744 | $18.2M | Add +4.8% |
| SCHX Schwab US Large-Cap ETF | 3.45% | 821,397 | $18.1M | Add +4.0% |
| VNQ Vanguard Real Estate ETF | 3.40% | 197,582 | $17.9M | Add +4.6% |
| AAPL Apple Inc. | 2.26% | 53,548 | $11.9M | Reduce -1.6% |
| SDVY First Trust Smid Cap Rising | 2.18% | 342,213 | $11.5M | Add +8.8% |
| JMEE JPM Sma & Mid Cap En Eq Et-U filed as J P MORGAN EXCHANGE TRADED F | 2.17% | 204,176 | $11.4M | Add +10.0% |
| JPM JPMorgan Chase & Co. | 1.90% | 40,815 | $10.0M | Reduce -5.0% |
| AMZN Amazon.com Inc. | 1.69% | 46,721 | $8.9M | Reduce -2.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.67% | 16,498 | $8.8M | Reduce -1.3% |
| MELI MercadoLibre Inc. | 1.61% | 4,344 | $8.5M | Reduce -2.2% |
| KKR KKR & Co. Inc. | 1.58% | 71,882 | $8.3M | Reduce -3.8% |
| META Meta Platforms Inc. Class A | 1.55% | 14,183 | $8.2M | Reduce -5.5% |
| BX Blackstone Inc. | 1.54% | 57,905 | $8.1M | Reduce -2.6% |
| GOOGL Alphabet Inc. Class A | 1.48% | 50,223 | $7.8M | Reduce -2.0% |
| NEE Nextera Energy Inc. | 1.47% | 108,973 | $7.7M | Add +1.2% |
| BKNG Booking Holdings Inc. | 1.40% | 1,597 | $7.4M | Reduce -0.9% |
| HON Honeywell International Inc. | 1.40% | 34,708 | $7.3M | Add +2.8% |
| MSFT Microsoft Corp. | 1.33% | 18,607 | $7.0M | Add +0.6% |
| AESI Atlas Energy Solutions Inc. | 1.31% | 387,534 | $6.9M | Add +10.2% |
| XOM Exxon Mobil Corp. | 1.28% | 56,605 | $6.7M | Reduce -1.3% |
| AVGO Broadcom Inc. | 1.26% | 39,543 | $6.6M | Reduce -2.2% |
| PWR Quanta Services Inc. | 1.25% | 25,914 | $6.6M | New |
| TBIL F/M US Treasury 3 Month Bill | 1.24% | 130,141 | $6.5M | Reduce -63.7% |
| NVDA Nvidia Corp. | 1.13% | 55,090 | $6.0M | Add +3.7% |
| V Visa Inc. Class A | 1.11% | 16,716 | $5.9M | Reduce -4.3% |
| WSM Williams-Sonoma Inc. | 1.11% | 36,975 | $5.8M | Reduce -8.9% |
| SNOW Snowflake Inc. | 1.11% | 39,812 | $5.8M | Add +6.9% |
| ABBV Abbvie Inc. | 1.09% | 27,277 | $5.7M | Reduce -1.3% |
| WMT Walmart Inc. | 1.02% | 61,224 | $5.4M | Reduce -5.7% |
| FAST Fastenal Co. | 1.00% | 68,141 | $5.3M | Add +0.9% |
| BLK BlackRock Inc. | 1.00% | 5,543 | $5.2M | Add +0.2% |
| HD Home Depot Inc. | 0.98% | 14,127 | $5.2M | Add +2.0% |
| PH Parker Hannifin Corp. | 0.95% | 8,248 | $5.0M | Reduce -1.7% |
| KVUE Kenvue Inc. | 0.94% | 207,190 | $5.0M | Add +3.1% |
| SOFI Sofi Technologies Inc. | 0.91% | 413,075 | $4.8M | Reduce -5.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.90% | 8,445 | $4.7M | Add +3.3% |
| ORCL Oracle Corp. | 0.89% | 33,637 | $4.7M | Reduce -2.5% |
| VMC Vulcan Materials Co. | 0.89% | 20,154 | $4.7M | Add +2.2% |
| AMGN Amgen Inc. | 0.86% | 14,533 | $4.5M | Add +2.7% |
| CVX Chevron Corp. | 0.86% | 26,918 | $4.5M | Add +6.0% |
| CAT Caterpillar Inc. | 0.85% | 13,616 | $4.5M | Add +3.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.85% | 17,952 | $4.5M | New |
| LMT Lockheed Martin Corp. | 0.82% | 9,685 | $4.3M | Add +3.7% |
| MSCI MSCI Inc. | 0.82% | 7,630 | $4.3M | Add +4.6% |
| QCOM Qualcomm Inc. | 0.82% | 28,073 | $4.3M | Add +4.6% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.78% | 52,507 | $4.1M | Add +4.5% |
| PEP Pepsico Inc. | 0.75% | 26,177 | $3.9M | Add +5.5% |
| PANW Palo Alto Networks Inc. | 0.73% | 22,599 | $3.9M | Reduce -2.7% |
| MRK Merck & Co. Inc. | 0.73% | 42,766 | $3.8M | Add +8.6% |
| SCHD Schwab US DVD Equity ETF | 0.71% | 133,308 | $3.7M | Reduce -3.5% |
| PLTR Palantir Technologies Inc. Class A | 0.68% | 42,567 | $3.6M | Add +247.5% |
| GS Goldman Sachs Group Inc. | 0.68% | 6,574 | $3.6M | Reduce -3.8% |
| MA Mastercard Inc. Class A | 0.64% | 6,155 | $3.4M | Reduce -1.5% |
| ROP Roper Technologies Inc. | 0.61% | 5,477 | $3.2M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.59% | 3,256 | $3.1M | Add +0.1% |
| ECL Ecolab Inc. | 0.56% | 11,710 | $3.0M | Add +4.1% |
| SHOP Shopify Inc. Class A | 0.56% | 30,993 | $3.0M | Reduce -0.6% |
| MLM Martin Marietta Materials | 0.53% | 5,805 | $2.8M | Add +1.0% |
| EOG EOG Resources Inc. | 0.51% | 21,105 | $2.7M | Add +1.7% |
| LLY Eli Lilly & Co. | 0.48% | 3,072 | $2.5M | Reduce -6.6% |
| JPST JPMorgan Ultra-Short Income | 0.45% | 47,150 | $2.4M | Reduce -6.3% |
| CEG Constellation Energy | 0.45% | 11,725 | $2.4M | Reduce -0.8% |
| RH RH | 0.43% | 9,763 | $2.3M | Reduce -3.5% |
| REGN Regeneron Pharmaceuticals | 0.42% | 3,510 | $2.2M | Add +11.5% |
| OXY Occidental Petroleum Corp. | 0.42% | 44,542 | $2.2M | Add +13.5% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.40% | 14,205 | $2.1M | Add +4.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.39% | 12,311 | $2.0M | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.26% | 5,389 | $1.4M | Reduce -8.4% |
| AFL Aflac Inc. | 0.26% | 12,244 | $1.4M | Reduce -1.3% |
| COWZ Pacer US Cash Cows 100 ETF | 0.26% | 24,658 | $1.4M | Reduce -0.4% |
| BND Vanguard Total Bond Market | 0.24% | 17,247 | $1.3M | Add +7.0% |
| JEPI JPMorgan Equity Premium Inco | 0.22% | 20,078 | $1.1M | Add +0.2% |
| TSLA Tesla Inc. | 0.21% | 4,244 | $1.1M | Add +95.6% |
| STRS Stratus Properties Inc. | 0.20% | 57,872 | $1.0M | Add +49.4% |
| ICSH iShares Ultra Short Duration | 0.18% | 18,356 | $931K | Add +4.1% |
| GSY Invesco Ultra Short Duration | 0.17% | 17,800 | $892K | Add +4.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.17% | 3,160 | $869K | Add +30.9% |
| VOO Vanguard S&P 500 ETF | 0.14% | 1,429 | $735K | Reduce -1.0% |
| AMAT Applied Materials Inc. | 0.12% | 4,364 | $633K | No change |
| ARM Arm Holdings PLC-ADR | 0.12% | 5,713 | $610K | Add +46.6% |
| SPOT Spotify Technology SA | 0.11% | 1,099 | $604K | Add +20.4% |
| XBIL F/M US Treasury 6 Month Bill | 0.10% | 10,920 | $548K | Add +1.6% |
| MINT PIMCO Enhanced Short Maturit | 0.10% | 5,400 | $543K | Add +8.0% |
| BE Bloom Energy Corp. Class A | 0.10% | 26,204 | $515K | New |
| PG The Procter & Gamble Co. | 0.09% | 2,795 | $476K | Add +2.3% |
| GRAL Grail Inc. | 0.09% | 18,650 | $476K | Reduce -14.0% |
| GOOG Alphabet Inc. Class C | 0.09% | 2,924 | $457K | Reduce -8.5% |
| NFLX Netflix Inc. | 0.08% | 478 | $446K | Add +4.6% |
| VEA Vanguard Ftse Developed ETF | 0.08% | 8,672 | $441K | Reduce -0.0% |
| CRSP Crispr Therapeutics AG | 0.08% | 12,223 | $416K | New |
| IVV iShares Core S&P 500 ETF | 0.07% | 693 | $390K | Reduce -0.9% |
| COWG Pacer US LRG Cap Cows GR LD | 0.07% | 11,520 | $355K | Add +12.6% |
| ESGV Vanguard ESG US Stock ETF | 0.07% | 3,591 | $352K | Add +1.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.07% | 1,584 | $351K | Reduce -13.7% |
| MU Micron Technology Inc. | 0.07% | 4,001 | $348K | Reduce -29.0% |
| VIG Vanguard Dividend Apprec ETF | 0.06% | 1,749 | $339K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $26K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TLSIW Medtech Acquisition Corp.-CW | *W EXP 08/10/202 | 22,222 | $26K | No change |
Total filed on the 13F, all lines: $526.1M.
Portfolio Sells Q4 2024 → Q1 2025
| TBIL F/M US Treasury 3 Month Bill | Reduce -63.7% | 1.24% | −2.04 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.72 |
| AVGO Broadcom Inc. | Reduce -2.2% | 1.26% | −0.46 |
| KKR KKR & Co. Inc. | Reduce -3.8% | 1.58% | −0.45 |
| BX Blackstone Inc. | Reduce -2.6% | 1.54% | −0.34 |
| SOFI Sofi Technologies Inc. | Reduce -5.9% | 0.91% | −0.33 |
| GOOGL Alphabet Inc. Class A | Reduce -2.0% | 1.48% | −0.30 |
| RH RH | Reduce -3.5% | 0.43% | −0.29 |
| WSM Williams-Sonoma Inc. | Reduce -8.9% | 1.11% | −0.27 |
| AMZN Amazon.com Inc. | Reduce -2.7% | 1.69% | −0.24 |
| AAPL Apple Inc. | Reduce -1.6% | 2.26% | −0.24 |
| MSTR Strategy Inc. | Reduce -73.6% | 0.06% | −0.17 |
| ORCL Oracle Corp. | Reduce -2.5% | 0.89% | −0.16 |
| LPRO Open Lending Corp. | Reduce -11.5% | 0.06% | −0.08 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.07 |
| BKNG Booking Holdings Inc. | Reduce -0.9% | 1.40% | −0.07 |
| META Meta Platforms Inc. Class A | Reduce -5.5% | 1.55% | −0.06 |
| WMT Walmart Inc. | Reduce -5.7% | 1.02% | −0.05 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.05 |
| PDBC Invesco Optimum Yield Divers | Reduce -54.0% | 0.05% | −0.05 |
| SHOP Shopify Inc. Class A | Reduce -0.6% | 0.56% | −0.05 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -2.7% | 0.73% | −0.04 |
| CEG Constellation Energy | Reduce -0.8% | 0.45% | −0.04 |
| GS Goldman Sachs Group Inc. | Reduce -3.8% | 0.68% | −0.03 |
| PH Parker Hannifin Corp. | Reduce -1.7% | 0.95% | −0.03 |
| GOOG Alphabet Inc. Class C | Reduce -8.5% | 0.09% | −0.02 |
| MU Micron Technology Inc. | Reduce -29.0% | 0.07% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -8.4% | 0.26% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -13.7% | 0.07% | −0.01 |
| DELL Dell Technologies -C | Reduce -2.6% | 0.04% | −0.01 |
| JPST JPMorgan Ultra-Short Income | Reduce -6.3% | 0.45% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -1.0% | 0.14% | −0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -0.9% | 0.07% | −0.00 |
| ICOW Pacer Developed Markets Inte | Reduce -11.4% | 0.04% | −0.00 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -0.4% | 0.26% | +0.00 |
| BSV Vanguard Short-Term Bond ETF | Reduce -1.3% | 0.05% | +0.00 |
| CSCO Cisco Systems Inc. | Reduce -2.3% | 0.06% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.0% | 0.08% | +0.01 |
| JPM JPMorgan Chase & Co. | Reduce -5.0% | 1.90% | +0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -3.5% | 0.71% | +0.02 |
| LLY Eli Lilly & Co. | Reduce -6.6% | 0.48% | +0.02 |
| GRAL Grail Inc. | Reduce -14.0% | 0.09% | +0.02 |
| AFL Aflac Inc. | Reduce -1.3% | 0.26% | +0.02 |
| MA Mastercard Inc. Class A | Reduce -1.5% | 0.64% | +0.04 |
| ROP Roper Technologies Inc. | Reduce -0.3% | 0.61% | +0.09 |
| V Visa Inc. Class A | Reduce -4.3% | 1.11% | +0.10 |
| XOM Exxon Mobil Corp. | Reduce -1.3% | 1.28% | +0.15 |
| ABBV Abbvie Inc. | Reduce -1.3% | 1.09% | +0.19 |
| MELI MercadoLibre Inc. | Reduce -2.2% | 1.61% | +0.23 |
Portfolio Buys Q4 2024 → Q1 2025
| PWR Quanta Services Inc. | New | 1.25% | +1.25 |
| IBM Intl Business Machines Corp. | New | 0.85% | +0.85 |
| XLE SS Energy Select Sector | Add +4.8% | 3.46% | +0.54 |
| PLTR Palantir Technologies Inc. Class A | Add +247.5% | 0.68% | +0.51 |
| VIGI Vanguard Int Div App Indx FD | Add +4.1% | 4.45% | +0.48 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.39% | +0.39 |
| VNQ Vanguard Real Estate ETF | Add +4.6% | 3.40% | +0.32 |
| AMGN Amgen Inc. | Add +2.7% | 0.86% | +0.18 |
| CVX Chevron Corp. | Add +6.0% | 0.86% | +0.18 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +1.1% | 3.53% | +0.17 |
| KVUE Kenvue Inc. | Add +3.1% | 0.94% | +0.16 |
| JMEE JPM Sma & Mid Cap En Eq Et-U | Add +10.0% | 2.17% | +0.12 |
| FAST Fastenal Co. | Add +0.9% | 1.00% | +0.11 |
| SDVY First Trust Smid Cap Rising | Add +8.8% | 2.18% | +0.11 |
| BE Bloom Energy Corp. Class A | New | 0.10% | +0.10 |
| SCHX Schwab US Large-Cap ETF | Add +4.0% | 3.45% | +0.09 |
| ECL Ecolab Inc. | Add +4.1% | 0.56% | +0.08 |
| CRSP Crispr Therapeutics AG | New | 0.08% | +0.08 |
| QCOM Qualcomm Inc. | Add +4.6% | 0.82% | +0.06 |
| OXY Occidental Petroleum Corp. | Add +13.5% | 0.42% | +0.06 |
| PEP Pepsico Inc. | Add +5.5% | 0.75% | +0.05 |
| NEE Nextera Energy Inc. | Add +1.2% | 1.47% | +0.05 |
| SNOW Snowflake Inc. | Add +6.9% | 1.11% | +0.05 |
| TSLA Tesla Inc. | Add +95.6% | 0.21% | +0.05 |
| EOG EOG Resources Inc. | Add +1.7% | 0.51% | +0.05 |
| STRS Stratus Properties Inc. | Add +49.4% | 0.20% | +0.05 |
| SPOT Spotify Technology SA | Add +20.4% | 0.11% | +0.04 |
| COST Costco Wholesale Corp. | Add +0.1% | 0.59% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +30.9% | 0.17% | +0.04 |
| BND Vanguard Total Bond Market | Add +7.0% | 0.24% | +0.03 |
| ARM Arm Holdings PLC-ADR | Add +46.6% | 0.12% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.3% | 0.90% | +0.02 |
| MSCI MSCI Inc. | Add +4.6% | 0.82% | +0.02 |
| ICSH iShares Ultra Short Duration | Add +4.1% | 0.18% | +0.01 |
| GSY Invesco Ultra Short Duration | Add +4.7% | 0.17% | +0.01 |
| REGN Regeneron Pharmaceuticals | Add +11.5% | 0.42% | +0.01 |
| MRK Merck & Co. Inc. | Add +8.6% | 0.73% | +0.01 |
| MINT PIMCO Enhanced Short Maturit | Add +8.0% | 0.10% | +0.01 |
| NFLX Netflix Inc. | Add +4.6% | 0.08% | +0.01 |
| COWG Pacer US LRG Cap Cows GR LD | Add +12.6% | 0.07% | +0.01 |
| JEPI JPMorgan Equity Premium Inco | Add +0.2% | 0.22% | +0.01 |
| PG The Procter & Gamble Co. | Add +2.3% | 0.09% | +0.01 |
| XBIL F/M US Treasury 6 Month Bill | Add +1.6% | 0.10% | +0.01 |
| IVW iShares S&P 500 Growth ETF | Add +11.9% | 0.05% | +0.00 |
| HON Honeywell International Inc. | Add +2.8% | 1.40% | −0.00 |
| ESGV Vanguard ESG US Stock ETF | Add +1.8% | 0.07% | −0.00 |
| HD Home Depot Inc. | Add +2.0% | 0.98% | −0.00 |
| CF CF Industries Holdings Inc. | Add +4.5% | 0.78% | −0.01 |
| LMT Lockheed Martin Corp. | Add +3.7% | 0.82% | −0.01 |
| MLM Martin Marietta Materials | Add +1.0% | 0.53% | −0.02 |
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 |