B & T Capital Management DBA Alpha Capital Management

Name: B & T Capital Management DBA Alpha Capital Management 13F holdings, Q4 2025
Creator: B & T Capital Management DBA Alpha Capital Management
Published: 2026-02-13

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

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
CSCO Cisco Systems Inc.	0.05%	4,703	$362K	Add +5.2%
ICSH iShares Ultra Short Duration	0.05%	6,956	$352K	Reduce -12.6%
SGOL Abrdn Physical Gold Shares	0.05%	8,443	$347K	No change
SLAB Silicon Laboratories Inc.	0.05%	2,608	$341K	No change
XBIL F/M US Treasury 6 Month Bill	0.05%	6,710	$336K	Reduce -35.7%
GSY Invesco Ultra Short Duration	0.05%	6,400	$322K	Reduce -13.5%
NOBL Proshares S&P 500 Dividend A	0.04%	3,000	$312K	No change
BSV Vanguard Short-Term Bond ETF	0.04%	3,855	$304K	No change
DELL Dell Technologies -C	0.04%	2,357	$297K	Reduce -0.6%
IVV iShares Core S&P 500 ETF	0.04%	412	$282K	No change
QCOM Qualcomm Inc.	0.04%	1,585	$271K	Reduce -4.8%
AMD Advanced Micro Devices	0.04%	1,258	$269K	Reduce -19.3%
FELG Fidelity Enh LRG Cap GWTH	0.03%	5,004	$209K	No change
PDBC Invesco Optimum Yield Divers	0.03%	15,115	$200K	Reduce -6.2%
F Ford Motor Co. filed as FORD MTR CO	0.02%	12,018	$158K	No change
LPRO Open Lending Corp.	0.01%	50,070	$78K	Reduce -42.3%

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