B & T Capital Management DBA Alpha Capital Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), B & T Capital Management DBA Alpha Capital Management reported 116 stock positions worth $709.9 million. Its top holding was Vanguard Total Bond Market (BND) at 11.3% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 7.9%) and Vanguard Int Div App Indx FD (VIGI, 3.9%). Compared with Q3 2025, it opened 3 new positions, sold out of 4, added to 57 and reduced 47. The biggest buy was Vanguard Total Bond Market (BND, shares +6177%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −42%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001450935
- Portfolio Value
- $709.9M (Q4 2025)
- SEC Filing
- 0001450935-26-000002 ↗ filed Feb 13, 2026
Holdings Value
Holdings 116 stocks · $709.9M
| BND Vanguard Total Bond Market | 11.35% | 1,087,255 | $80.5M | Add +6176.7% |
| QQQ Invesco QQQ Trust Series 1 | 7.94% | 91,702 | $56.3M | Reduce -1.3% |
| VIGI Vanguard Int Div App Indx FD | 3.88% | 301,294 | $27.6M | Add +2.4% |
| SCHX Schwab US Large-Cap ETF | 3.06% | 808,245 | $21.7M | Reduce -0.5% |
| SCHG Schwab US Large-Cap Growth | 3.04% | 660,721 | $21.6M | Reduce -1.4% |
| VNQ Vanguard Real Estate ETF | 2.56% | 205,005 | $18.1M | Add +0.3% |
| QTUM Defiance Quantum ETF | 2.16% | 139,853 | $15.3M | Add +62.5% |
| AAPL Apple Inc. | 2.08% | 54,341 | $14.8M | Add +0.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.06% | 160,294 | $14.6M | Reduce -41.6% |
| GOOGL Alphabet Inc. Class A | 1.99% | 45,215 | $14.2M | Reduce -5.9% |
| SDVY First Trust Smid Cap Rising | 1.95% | 361,846 | $13.9M | Add +2.7% |
| JMEE JPM Sma & Mid Cap En Eq Et-U filed as J P MORGAN EXCHANGE TRADED F | 1.88% | 207,629 | $13.4M | Add +2.8% |
| IGF iShares Global Infrastructur | 1.82% | 210,193 | $12.9M | Add +100.3% |
| JPM JPMorgan Chase & Co. | 1.71% | 37,725 | $12.2M | Reduce -1.8% |
| AVGO Broadcom Inc. | 1.57% | 32,278 | $11.2M | Reduce -6.7% |
| AMZN Amazon.com Inc. | 1.52% | 46,858 | $10.8M | Add +1.4% |
| PWR Quanta Services Inc. | 1.52% | 25,600 | $10.8M | Reduce -1.6% |
| NVDA Nvidia Corp. | 1.39% | 52,877 | $9.9M | Reduce -2.5% |
| KKR KKR & Co. Inc. | 1.30% | 72,448 | $9.2M | Add +1.8% |
| META Meta Platforms Inc. Class A | 1.29% | 13,856 | $9.1M | Add +0.5% |
| BX Blackstone Inc. | 1.28% | 59,045 | $9.1M | Add +1.7% |
| NEE Nextera Energy Inc. | 1.27% | 112,588 | $9.0M | Reduce -0.5% |
| TBIL F/M US Treasury 3 Month Bill | 1.25% | 177,742 | $8.9M | Add +17.4% |
| MELI MercadoLibre Inc. | 1.24% | 4,374 | $8.8M | Add +2.6% |
| MSFT Microsoft Corp. | 1.22% | 17,965 | $8.7M | Add +0.0% |
| SNOW Snowflake Inc. | 1.20% | 38,929 | $8.5M | Reduce -0.7% |
| SOFI Sofi Technologies Inc. | 1.20% | 324,683 | $8.5M | Reduce -6.2% |
| BKNG Booking Holdings Inc. | 1.18% | 1,567 | $8.4M | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.17% | 16,470 | $8.3M | Add +0.4% |
| TSM Taiwan Semiconductor-SP ADR | 1.14% | 26,729 | $8.1M | Reduce -2.1% |
| CAT Caterpillar Inc. | 1.03% | 12,702 | $7.3M | Reduce -6.0% |
| HON Honeywell International Inc. | 1.02% | 37,028 | $7.2M | Add +3.0% |
| XOM Exxon Mobil Corp. | 1.01% | 59,681 | $7.2M | Reduce -0.1% |
| AESI Atlas Energy Solutions Inc. | 1.01% | 758,387 | $7.1M | Add +4.5% |
| PH Parker Hannifin Corp. | 0.99% | 8,018 | $7.0M | Reduce -3.0% |
| PLTR Palantir Technologies Inc. Class A | 0.96% | 38,305 | $6.8M | Reduce -4.1% |
| WMT Walmart Inc. | 0.95% | 60,476 | $6.7M | Add +0.1% |
| ABBV Abbvie Inc. | 0.91% | 28,127 | $6.4M | Add +0.6% |
| WSM Williams-Sonoma Inc. | 0.88% | 35,126 | $6.3M | Reduce -0.3% |
| V Visa Inc. Class A | 0.83% | 16,890 | $5.9M | Add +1.0% |
| BLK BlackRock Inc. | 0.83% | 5,524 | $5.9M | Add +0.4% |
| VMC Vulcan Materials Co. | 0.83% | 20,682 | $5.9M | Add +0.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.81% | 19,358 | $5.7M | Add +2.0% |
| ORCL Oracle Corp. | 0.80% | 29,086 | $5.7M | Reduce -3.6% |
| FAST Fastenal Co. | 0.76% | 134,997 | $5.4M | Add +1.4% |
| MRK Merck & Co. Inc. | 0.75% | 50,271 | $5.3M | Add +1.8% |
| GS Goldman Sachs Group Inc. | 0.72% | 5,831 | $5.1M | Reduce -3.4% |
| AMGN Amgen Inc. | 0.72% | 15,624 | $5.1M | Add +0.2% |
| LMT Lockheed Martin Corp. | 0.71% | 10,386 | $5.0M | Add +0.9% |
| HD Home Depot Inc. | 0.70% | 14,343 | $4.9M | Add +0.5% |
| PEP Pepsico Inc. | 0.68% | 33,735 | $4.8M | Add +0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.68% | 7,054 | $4.8M | Reduce -13.3% |
| MSCI MSCI Inc. | 0.66% | 8,171 | $4.7M | Add +1.1% |
| SHOP Shopify Inc. Class A | 0.63% | 27,804 | $4.5M | Reduce -6.5% |
| CVX Chevron Corp. | 0.62% | 28,944 | $4.4M | Reduce -0.4% |
| SBUX Starbucks Corp. | 0.59% | 50,010 | $4.2M | Add +13.5% |
| REGN Regeneron Pharmaceuticals | 0.59% | 5,393 | $4.2M | Reduce -2.2% |
| CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC | 0.58% | 53,550 | $4.1M | Add +0.3% |
| KVUE Kenvue Inc. | 0.57% | 234,664 | $4.0M | Add +0.3% |
| PANW Palo Alto Networks Inc. | 0.57% | 21,964 | $4.0M | Reduce -0.3% |
| CEG Constellation Energy | 0.57% | 11,424 | $4.0M | Reduce -3.4% |
| MLM Martin Marietta Materials | 0.51% | 5,868 | $3.7M | Add +1.1% |
| LLY Eli Lilly & Co. | 0.50% | 3,270 | $3.5M | Add +0.7% |
| MA Mastercard Inc. Class A | 0.49% | 6,094 | $3.5M | Add +1.4% |
| ECL Ecolab Inc. | 0.44% | 12,014 | $3.2M | Add +1.4% |
| UBER Uber Technologies Inc. | 0.43% | 37,626 | $3.1M | Add +5.5% |
| COST Costco Wholesale Corp. | 0.40% | 3,310 | $2.9M | Add +1.8% |
| ROP Roper Technologies Inc. | 0.37% | 5,944 | $2.6M | Add +6.5% |
| RH RH | 0.35% | 13,690 | $2.5M | Reduce -1.8% |
| EOG EOG Resources Inc. | 0.33% | 22,407 | $2.4M | Add +5.3% |
| SCHD Schwab US DVD Equity ETF | 0.28% | 72,268 | $2.0M | Reduce -0.3% |
| TSLA Tesla Inc. | 0.22% | 3,488 | $1.6M | Add +0.4% |
| CRSP Crispr Therapeutics AG | 0.19% | 25,803 | $1.4M | Add +219.2% |
| AFL Aflac Inc. | 0.19% | 12,244 | $1.4M | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.17% | 4,109 | $1.2M | Reduce -21.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.16% | 3,344 | $1.1M | Add +2.8% |
| JEPI JPMorgan Equity Premium Inco | 0.16% | 19,543 | $1.1M | Reduce -3.9% |
| AMAT Applied Materials Inc. | 0.15% | 4,111 | $1.1M | Reduce -5.8% |
| STRS Stratus Properties Inc. | 0.14% | 41,500 | $1.0M | Reduce -8.8% |
| GOOG Alphabet Inc. Class C | 0.14% | 3,071 | $964K | Add +15.2% |
| IBIT iShares Bitcoin Trust ETF | 0.12% | 17,031 | $846K | Reduce -0.6% |
| SPOT Spotify Technology SA | 0.11% | 1,332 | $774K | Add +14.3% |
| COWG Pacer US LRG Cap Cows GR LD | 0.11% | 21,935 | $772K | Add +9.4% |
| ARM Arm Holdings PLC-ADR | 0.11% | 6,885 | $753K | Add +18.9% |
| VOO Vanguard S&P 500 ETF | 0.10% | 1,112 | $697K | Add +1.2% |
| BLOK Amplify Blockchain Tech ETF | 0.09% | 11,030 | $627K | Add +10.8% |
| SGOV iShares 0-3 Month Treasury B | 0.08% | 6,000 | $602K | Reduce -62.3% |
| BLSH Bullish | 0.08% | 15,514 | $588K | Add +37.1% |
| JPST JPMorgan Ultra-Short Income | 0.08% | 11,000 | $556K | Reduce -76.3% |
| VEA Vanguard Ftse Developed ETF | 0.08% | 8,807 | $550K | Add +1.6% |
| CRWV Coreweave Inc. Class A | 0.07% | 6,735 | $482K | New |
| LSCC Lattice Semiconductor Corp. | 0.07% | 6,415 | $472K | No change |
| ESGV Vanguard ESG US Stock ETF | 0.07% | 3,895 | $471K | Add +1.2% |
| PG The Procter & Gamble Co. | 0.06% | 3,171 | $454K | Add +10.5% |
| MINT PIMCO Enhanced Short Maturit | 0.06% | 4,475 | $449K | Reduce -10.1% |
| VRT Vertiv Holdings Co. Class A | 0.06% | 2,539 | $411K | New |
| VB Vanguard Most SM-Cap ETF-Usd | 0.06% | 1,532 | $395K | Reduce -19.8% |
| SOLS Solstice Adv Materials Inc. | 0.06% | 8,090 | $393K | Reduce -10.0% |
| MU Micron Technology Inc. | 0.05% | 1,348 | $385K | Reduce -9.3% |
| RSP Invesco S&P 500 Equal Weight | 0.05% | 1,950 | $374K | New |
Portfolio Sells Q3 2025 → Q4 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -41.6% | 2.06% | −1.93 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.3% | 7.94% | −0.92 |
| ORCL Oracle Corp. | Reduce -3.6% | 0.80% | −0.55 |
| SCHG Schwab US Large-Cap Growth | Reduce -1.4% | 3.04% | −0.36 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.5% | 3.06% | −0.33 |
| JPST JPMorgan Ultra-Short Income | Reduce -76.3% | 0.08% | −0.30 |
| SOFI Sofi Technologies Inc. | Reduce -6.2% | 1.20% | −0.25 |
| AVGO Broadcom Inc. | Reduce -6.7% | 1.57% | −0.24 |
| NVDA Nvidia Corp. | Reduce -2.5% | 1.39% | −0.22 |
| JPM JPMorgan Chase & Co. | Reduce -1.8% | 1.71% | −0.21 |
| WSM Williams-Sonoma Inc. | Reduce -0.3% | 0.88% | −0.21 |
| SNOW Snowflake Inc. | Reduce -0.7% | 1.20% | −0.20 |
| PLTR Palantir Technologies Inc. Class A | Reduce -4.1% | 0.96% | −0.20 |
| PWR Quanta Services Inc. | Reduce -1.6% | 1.52% | −0.19 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -13.3% | 0.68% | −0.18 |
| SGOV iShares 0-3 Month Treasury B | Reduce -62.3% | 0.08% | −0.17 |
| IWO iShares Russell 2000 Growth | Sold out | 0.00% | −0.16 |
| PANW Palo Alto Networks Inc. | Reduce -0.3% | 0.57% | −0.14 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.11 |
| RH RH | Reduce -1.8% | 0.35% | −0.10 |
| CPNG Coupang Inc. | Sold out | 0.00% | −0.10 |
| CVX Chevron Corp. | Reduce -0.4% | 0.62% | −0.09 |
| NEE Nextera Energy Inc. | Reduce -0.5% | 1.27% | −0.08 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -21.4% | 0.17% | −0.08 |
| SHOP Shopify Inc. Class A | Reduce -6.5% | 0.63% | −0.07 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -2.1% | 1.14% | −0.07 |
| IBIT iShares Bitcoin Trust ETF | Reduce -0.6% | 0.12% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -0.1% | 1.01% | −0.06 |
| CEG Constellation Energy | Reduce -3.4% | 0.57% | −0.05 |
| GS Goldman Sachs Group Inc. | Reduce -3.4% | 0.72% | −0.04 |
| XBIL F/M US Treasury 6 Month Bill | Reduce -35.7% | 0.05% | −0.04 |
| SCHD Schwab US DVD Equity ETF | Reduce -0.3% | 0.28% | −0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Sold out | 0.00% | −0.03 |
| JEPI JPMorgan Equity Premium Inco | Reduce -3.9% | 0.16% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -19.8% | 0.06% | −0.02 |
| LPRO Open Lending Corp. | Reduce -42.3% | 0.01% | −0.02 |
| MINT PIMCO Enhanced Short Maturit | Reduce -10.1% | 0.06% | −0.02 |
| ICSH iShares Ultra Short Duration | Reduce -12.6% | 0.05% | −0.01 |
| SOLS Solstice Adv Materials Inc. | Reduce -10.0% | 0.06% | −0.01 |
| GSY Invesco Ultra Short Duration | Reduce -13.5% | 0.05% | −0.01 |
| DELL Dell Technologies -C | Reduce -0.6% | 0.04% | −0.01 |
| STRS Stratus Properties Inc. | Reduce -8.8% | 0.14% | −0.01 |
| PDBC Invesco Optimum Yield Divers | Reduce -6.2% | 0.03% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -4.8% | 0.04% | −0.01 |
| AMD Advanced Micro Devices | Reduce -19.3% | 0.04% | −0.00 |
| PH Parker Hannifin Corp. | Reduce -3.0% | 0.99% | −0.00 |
| CAT Caterpillar Inc. | Reduce -6.0% | 1.03% | +0.00 |
| AMAT Applied Materials Inc. | Reduce -5.8% | 0.15% | +0.01 |
| MU Micron Technology Inc. | Reduce -9.3% | 0.05% | +0.01 |
| REGN Regeneron Pharmaceuticals | Reduce -2.2% | 0.59% | +0.09 |
Portfolio Buys Q3 2025 → Q4 2025
| BND Vanguard Total Bond Market | Add +6176.7% | 11.35% | +11.14 |
| IGF iShares Global Infrastructur | Add +100.3% | 1.82% | +0.80 |
| QTUM Defiance Quantum ETF | Add +62.5% | 2.16% | +0.73 |
| CRSP Crispr Therapeutics AG | Add +219.2% | 0.19% | +0.11 |
| LLY Eli Lilly & Co. | Add +0.7% | 0.50% | +0.10 |
| MRK Merck & Co. Inc. | Add +1.8% | 0.75% | +0.09 |
| CRWV Coreweave Inc. Class A | New | 0.07% | +0.07 |
| VRT Vertiv Holdings Co. Class A | New | 0.06% | +0.06 |
| RSP Invesco S&P 500 Equal Weight | New | 0.05% | +0.05 |
| TBIL F/M US Treasury 3 Month Bill | Add +17.4% | 1.25% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +15.2% | 0.14% | +0.03 |
| AMGN Amgen Inc. | Add +0.2% | 0.72% | +0.02 |
| CSCO Cisco Systems Inc. | Add +5.2% | 0.05% | +0.00 |
| SBUX Starbucks Corp. | Add +13.5% | 0.59% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +1.6% | 0.08% | −0.00 |
| PG The Procter & Gamble Co. | Add +10.5% | 0.06% | −0.01 |
| ESGV Vanguard ESG US Stock ETF | Add +1.2% | 0.07% | −0.01 |
| COWG Pacer US LRG Cap Cows GR LD | Add +9.4% | 0.11% | −0.01 |
| VOO Vanguard S&P 500 ETF | Add +1.2% | 0.10% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.8% | 0.16% | −0.01 |
| BLOK Amplify Blockchain Tech ETF | Add +10.8% | 0.09% | −0.02 |
| SPOT Spotify Technology SA | Add +14.3% | 0.11% | −0.02 |
| ARM Arm Holdings PLC-ADR | Add +18.9% | 0.11% | −0.02 |
| TSLA Tesla Inc. | Add +0.4% | 0.22% | −0.02 |
| BLSH Bullish | Add +37.1% | 0.08% | −0.03 |
| KVUE Kenvue Inc. | Add +0.3% | 0.57% | −0.03 |
| WMT Walmart Inc. | Add +0.1% | 0.95% | −0.04 |
| IBM Intl Business Machines Corp. | Add +2.0% | 0.81% | −0.04 |
| EOG EOG Resources Inc. | Add +5.3% | 0.33% | −0.05 |
| MA Mastercard Inc. Class A | Add +1.4% | 0.49% | −0.05 |
| MLM Martin Marietta Materials | Add +1.1% | 0.51% | −0.07 |
| PEP Pepsico Inc. | Add +0.4% | 0.68% | −0.07 |
| MSCI MSCI Inc. | Add +1.1% | 0.66% | −0.07 |
| ROP Roper Technologies Inc. | Add +6.5% | 0.37% | −0.07 |
| ECL Ecolab Inc. | Add +1.4% | 0.44% | −0.07 |
| V Visa Inc. Class A | Add +1.0% | 0.83% | −0.07 |
| COST Costco Wholesale Corp. | Add +1.8% | 0.40% | −0.08 |
| AMZN Amazon.com Inc. | Add +1.4% | 1.52% | −0.09 |
| LMT Lockheed Martin Corp. | Add +0.9% | 0.71% | −0.11 |
| AAPL Apple Inc. | Add +0.3% | 2.08% | −0.11 |
| UBER Uber Technologies Inc. | Add +5.5% | 0.43% | −0.12 |
| ABBV Abbvie Inc. | Add +0.6% | 0.91% | −0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.4% | 1.17% | −0.14 |
| JMEE JPM Sma & Mid Cap En Eq Et-U | Add +2.8% | 1.88% | −0.15 |
| BKNG Booking Holdings Inc. | Add +0.5% | 1.18% | −0.15 |
| KKR KKR & Co. Inc. | Add +1.8% | 1.30% | −0.17 |
| VMC Vulcan Materials Co. | Add +0.8% | 0.83% | −0.17 |
| SDVY First Trust Smid Cap Rising | Add +2.7% | 1.95% | −0.17 |
| CF CF Industries Holdings Inc. | Add +0.3% | 0.58% | −0.18 |
| HON Honeywell International Inc. | Add +3.0% | 1.02% | −0.18 |
Notes & Other Activity Q3 2025 → Q4 2025
| TLSIW Medtech Acquisition Corp.-CW | *W EXP 08/10/202 | Sold out | 11,000 | $19Kbefore exit |
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 |