BTC Capital Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 23, 2025), BTC Capital Management, Inc. reported 199 stock positions worth $1.1 billion. Its top holding was Vanguard Total Bond Market (BND) at 4.8% of the portfolio, followed by Apple (AAPL, 4.7%) and Microsoft (MSFT, 4.1%). Compared with Q3 2024, it opened 5 new positions, sold out of 16, added to 62 and reduced 112. The biggest buy was a new position in Parker Hannifin (PH) and the biggest sale an exit from Lam Research (LRCX).
- Most Recent 13F
- Q2 2026
- Location
- DES MOINES, IA
- CIK
- 0001611848
- Portfolio Value
- $1.1B (Q4 2024)
- SEC Filing
- 0001085146-25-000440 ↗ filed Jan 23, 2025
Holdings Value
Holdings 199 stocks · $1.1B
| BND Vanguard Total Bond Market | 4.77% | 715,716 | $51.4M | Add +4.2% |
| AAPL Apple Inc. | 4.74% | 204,404 | $51.2M | Reduce -1.4% |
| MSFT Microsoft Corp. | 4.09% | 104,745 | $44.1M | Reduce -1.1% |
| NVDA Nvidia Corp. | 4.01% | 322,700 | $43.3M | Reduce -4.0% |
| EFA iShares MSCI Eafe ETF | 3.20% | 456,579 | $34.5M | Add +1.6% |
| IWF iShares Russell 1000 Growth | 3.15% | 84,479 | $33.9M | Reduce -3.9% |
| GOOGL Alphabet Inc. Class A | 2.73% | 155,859 | $29.5M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 2.50% | 123,030 | $27.0M | Reduce -1.4% |
| AVGO Broadcom Inc. | 2.49% | 116,106 | $26.9M | Reduce -18.3% |
| IWB iShares Russell 1000 ETF | 2.29% | 76,841 | $24.8M | Add +6.1% |
| WMT Walmart Inc. | 1.87% | 223,395 | $20.2M | Reduce -7.1% |
| IWD iShares Russell 1000 Value E | 1.66% | 96,998 | $17.9M | Add +14.6% |
| XOM Exxon Mobil Corp. | 1.65% | 166,006 | $17.8M | Add +1.2% |
| META Meta Platforms Inc. Class A | 1.65% | 30,386 | $17.8M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 1.63% | 73,274 | $17.6M | Reduce -6.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.62% | 42,558 | $17.5M | Reduce -0.7% |
| IVV iShares Core S&P 500 ETF | 1.41% | 25,879 | $15.2M | Reduce -2.4% |
| IWM iShares Russell 2000 ETF | 1.41% | 68,809 | $15.2M | Reduce -2.2% |
| VWO Vanguard Ftse Emerging Marke | 1.30% | 317,289 | $14.0M | Add +2.2% |
| MA Mastercard Inc. Class A | 1.21% | 24,837 | $13.1M | Reduce -1.5% |
| PG The Procter & Gamble Co. | 1.18% | 75,882 | $12.7M | Reduce -0.9% |
| MS Morgan Stanley | 1.18% | 101,107 | $12.7M | Reduce -5.3% |
| ORCL Oracle Corp. | 1.11% | 71,985 | $12.0M | Add +3.2% |
| JNJ Johnson & Johnson | 1.11% | 82,687 | $12.0M | Reduce -2.8% |
| WFC Wells Fargo & Co. | 1.10% | 169,188 | $11.9M | Reduce -19.0% |
| ABBV Abbvie Inc. | 1.07% | 64,758 | $11.5M | Reduce -3.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.00% | 31,661 | $10.8M | Reduce -1.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.99% | 88,281 | $10.7M | Add +4.0% |
| FISV Fiserv Inc. | 0.97% | 50,844 | $10.4M | Reduce -3.3% |
| FAST Fastenal Co. | 0.94% | 141,607 | $10.2M | Reduce -0.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.93% | 59,679 | $10.1M | Add +2.1% |
| DE Deere & Co. | 0.83% | 21,098 | $8.9M | Reduce -1.5% |
| ORLY O'reilly Automotive Inc. | 0.81% | 7,375 | $8.7M | Reduce -1.9% |
| NSC Norfolk Southern Corp. | 0.81% | 37,061 | $8.7M | Reduce -2.8% |
| ETN Eaton Corp. PLC | 0.80% | 26,142 | $8.7M | Add +5.0% |
| STLD Steel Dynamics Inc. | 0.78% | 74,327 | $8.5M | Reduce -8.2% |
| MAR Marriott International Class A | 0.77% | 29,801 | $8.3M | Reduce -2.3% |
| INTU Intuit Inc. | 0.76% | 13,049 | $8.2M | Reduce -2.2% |
| PEP Pepsico Inc. | 0.72% | 51,402 | $7.8M | Reduce -19.5% |
| NEE Nextera Energy Inc. | 0.72% | 108,745 | $7.8M | Reduce -3.1% |
| ICE Intercontinental Exchange Inc. | 0.72% | 52,123 | $7.8M | Add +0.1% |
| UNH Unitedhealth Group Inc. | 0.71% | 15,254 | $7.7M | Reduce -2.0% |
| LOW Lowe's Cos Inc. | 0.69% | 30,399 | $7.5M | Reduce -1.2% |
| ADBE Adobe Inc. | 0.68% | 16,488 | $7.3M | Reduce -8.9% |
| MRK Merck & Co. Inc. | 0.68% | 73,421 | $7.3M | Reduce -0.2% |
| XEL Xcel Energy Inc. | 0.67% | 107,809 | $7.3M | Reduce -5.0% |
| TMUS T-Mobile US Inc. | 0.67% | 32,748 | $7.2M | Reduce -2.5% |
| FDX FedEx Corp. | 0.66% | 25,398 | $7.1M | Reduce -1.2% |
| LLY Eli Lilly & Co. | 0.66% | 9,237 | $7.1M | Reduce -13.1% |
| PLD Prologis Inc. | 0.66% | 67,093 | $7.1M | Reduce -0.5% |
| PHM Pultegroup Inc. | 0.63% | 62,670 | $6.8M | Add +0.7% |
| TMO Thermo Fisher Scientific Inc. | 0.62% | 12,855 | $6.7M | Reduce -2.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.62% | 11,377 | $6.7M | Reduce -23.0% |
| MUB iShares National Muni Bond E | 0.61% | 61,879 | $6.6M | Add +1.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.61% | 12,800 | $6.5M | No change |
| GM General Motors Co. | 0.60% | 121,407 | $6.5M | Reduce -2.2% |
| LHX L3HARRIS Technologies Inc. | 0.59% | 30,287 | $6.4M | Reduce -1.3% |
| JAZZ Jazz Pharmaceuticals PLC | 0.57% | 49,653 | $6.1M | Add +9.4% |
| DHR Danaher Corp. | 0.55% | 25,935 | $6.0M | Reduce -0.6% |
| RF Regions Financial Corp. | 0.55% | 252,936 | $5.9M | Reduce -2.3% |
| ALL Allstate Corp. | 0.55% | 30,867 | $5.9M | Reduce -2.1% |
| IWV iShares Russell 3000 ETF | 0.54% | 17,567 | $5.9M | No change |
| SPGI S&P Global Inc. | 0.52% | 11,211 | $5.6M | Reduce -0.4% |
| PH Parker Hannifin Corp. | 0.51% | 8,727 | $5.5M | New |
| OTIS Otis Worldwide Corp. | 0.49% | 57,325 | $5.3M | Reduce -0.2% |
| IVW iShares S&P 500 Growth ETF | 0.48% | 50,658 | $5.1M | No change |
| GILD Gilead Sciences Inc. | 0.46% | 53,655 | $5.0M | Reduce -24.4% |
| OMC Omnicom Group | 0.43% | 54,248 | $4.7M | Add +4.7% |
| VOO Vanguard S&P 500 ETF | 0.42% | 8,500 | $4.6M | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.41% | 11,030 | $4.4M | Add +5.3% |
| UNM Unum Group | 0.39% | 57,021 | $4.2M | Reduce -25.6% |
| IWR iShares Russell Mid-Cap ETF | 0.37% | 45,379 | $4.0M | Reduce -12.8% |
| AMP Ameriprise Financial Inc. | 0.36% | 7,262 | $3.9M | Reduce -31.5% |
| IVE iShares S&P 500 Value ETF | 0.34% | 19,265 | $3.7M | No change |
| HD Home Depot Inc. | 0.33% | 9,036 | $3.5M | Reduce -26.2% |
| SYF Synchrony Financial | 0.32% | 52,309 | $3.4M | Reduce -25.8% |
| HON Honeywell International Inc. | 0.31% | 14,713 | $3.3M | Reduce -6.0% |
| MDT Medtronic PLC | 0.30% | 41,130 | $3.3M | Reduce -3.8% |
| SNA Snap-on Inc. | 0.28% | 9,039 | $3.1M | Reduce -27.1% |
| SUB iShares Short-Term National | 0.28% | 28,529 | $3.0M | New |
| ETR Entergy Corp. | 0.25% | 35,329 | $2.7M | Reduce -23.1% |
| EQH Equitable Holdings Inc. | 0.24% | 55,015 | $2.6M | Reduce -9.3% |
| VEA Vanguard Ftse Developed ETF | 0.24% | 53,551 | $2.6M | No change |
| VNQ Vanguard Real Estate ETF | 0.24% | 28,609 | $2.5M | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.23% | 10,491 | $2.5M | No change |
| VGK Vanguard Ftse Europe ETF | 0.23% | 39,824 | $2.5M | Add +5.0% |
| CWI State Street SPDR MSCI Acwi | 0.23% | 89,586 | $2.5M | No change |
| STX Seagate Technology Holdings | 0.22% | 28,071 | $2.4M | Add +61.2% |
| SSNC Ss&c Technologies Holdings | 0.22% | 31,018 | $2.4M | New |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.21% | 44,151 | $2.2M | New |
| SMFG Sumitomo Mitsui-Spons ADR | 0.20% | 152,646 | $2.2M | Reduce -9.0% |
| UL Unilever PLC | 0.20% | 37,958 | $2.1M | Add +8.4% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.20% | 7,600 | $2.1M | Add +0.4% |
| RSP Invesco S&P 500 Equal Weight | 0.19% | 12,000 | $2.1M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.19% | 3 | $2.0M | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.18% | 10,024 | $2.0M | Add +1.1% |
| TTE Totalenergies SE -Spon ADR | 0.18% | 36,323 | $2.0M | Add +4.5% |
| CFG Citizens Financial Group | 0.17% | 42,999 | $1.9M | Add +19.8% |
| VZ Verizon Communications Inc. | 0.17% | 45,440 | $1.8M | Reduce -8.6% |
| HST Host Hotels & Resorts Inc. | 0.17% | 102,395 | $1.8M | Add +8.6% |
Portfolio Sells Q3 2024 → Q4 2024
| LRCX Lam Research Corp. | Sold out | 0.00% | −1.13 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −1.05 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.47 |
| VLO Valero Energy Corp. | Sold out | 0.00% | −0.35 |
| PEP Pepsico Inc. | Reduce -19.5% | 0.72% | −0.24 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.20 |
| LLY Eli Lilly & Co. | Reduce -13.1% | 0.66% | −0.18 |
| ADBE Adobe Inc. | Reduce -8.9% | 0.68% | −0.15 |
| NXST Nexstar Media Group Inc. | Sold out | 0.00% | −0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -23.0% | 0.62% | −0.14 |
| STLD Steel Dynamics Inc. | Reduce -8.2% | 0.78% | −0.12 |
| NEE Nextera Energy Inc. | Reduce -3.1% | 0.72% | −0.12 |
| JNJ Johnson & Johnson | Reduce -2.8% | 1.11% | −0.12 |
| HD Home Depot Inc. | Reduce -26.2% | 0.33% | −0.12 |
| ABBV Abbvie Inc. | Reduce -3.6% | 1.07% | −0.11 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.2% | 0.62% | −0.10 |
| PLD Prologis Inc. | Reduce -0.5% | 0.66% | −0.10 |
| UNH Unitedhealth Group Inc. | Reduce -2.0% | 0.71% | −0.09 |
| DHR Danaher Corp. | Reduce -0.6% | 0.55% | −0.09 |
| AMP Ameriprise Financial Inc. | Reduce -31.5% | 0.36% | −0.08 |
| GILD Gilead Sciences Inc. | Reduce -24.4% | 0.46% | −0.07 |
| SPYG SS SPDR P S&P 500 Growth ETF | Sold out | 0.00% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -0.2% | 0.68% | −0.07 |
| LHX L3HARRIS Technologies Inc. | Reduce -1.3% | 0.59% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -26.9% | 0.12% | −0.06 |
| SPYV SS SPDR P S&P 500 Value ETF | Sold out | 0.00% | −0.05 |
| CVX Chevron Corp. | Reduce -65.4% | 0.03% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -1.2% | 0.69% | −0.05 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.04 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −0.04 |
| OTIS Otis Worldwide Corp. | Reduce -0.2% | 0.49% | −0.04 |
| MDT Medtronic PLC | Reduce -3.8% | 0.30% | −0.04 |
| NSC Norfolk Southern Corp. | Reduce -2.8% | 0.81% | −0.04 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -6.6% | 0.08% | −0.04 |
| IWR iShares Russell Mid-Cap ETF | Reduce -12.8% | 0.37% | −0.04 |
| SNA Snap-on Inc. | Reduce -27.1% | 0.28% | −0.04 |
| BNL Broadstone Net Lease Inc. | Reduce -5.4% | 0.16% | −0.03 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.03 |
| OZK Bank Ozk | Reduce -46.0% | 0.04% | −0.03 |
| UPS United Parcel Service Class B | Reduce -16.1% | 0.13% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -8.6% | 0.17% | −0.03 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.03 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -0.6% | 0.15% | −0.03 |
| D Dominion Energy Inc. | Reduce -10.6% | 0.16% | −0.02 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.02 |
| OXM Oxford Industries Inc. | Sold out | 0.00% | −0.02 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.02 |
| WING Wingstop Inc. | Reduce -9.2% | 0.04% | −0.02 |
| SNY Sanofi-ADR | Reduce -1.5% | 0.13% | −0.02 |
| ETR Entergy Corp. | Reduce -23.1% | 0.25% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| PH Parker Hannifin Corp. | New | 0.51% | +0.51 |
| SUB iShares Short-Term National | New | 0.28% | +0.28 |
| IWB iShares Russell 1000 ETF | Add +6.1% | 2.29% | +0.27 |
| IWD iShares Russell 1000 Value E | Add +14.6% | 1.66% | +0.23 |
| SSNC Ss&c Technologies Holdings | New | 0.22% | +0.22 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.21% | +0.21 |
| BND Vanguard Total Bond Market | Add +4.2% | 4.77% | +0.18 |
| JAZZ Jazz Pharmaceuticals PLC | Add +9.4% | 0.57% | +0.12 |
| TJX TJX Companies Inc. | Add +4.0% | 0.99% | +0.10 |
| ETN Eaton Corp. PLC | Add +5.0% | 0.80% | +0.07 |
| ORCL Oracle Corp. | Add +3.2% | 1.11% | +0.06 |
| STX Seagate Technology Holdings | Add +61.2% | 0.22% | +0.06 |
| CFG Citizens Financial Group | Add +19.8% | 0.17% | +0.04 |
| GD General Dynamics Corp. | Add +39.6% | 0.15% | +0.03 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +2.1% | 0.93% | +0.03 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Add +4.0% | 0.12% | +0.02 |
| JHG Janus Henderson Group PLC | Add +10.8% | 0.10% | +0.02 |
| FLS Flowserve Corp. | New | 0.02% | +0.02 |
| MUB iShares National Muni Bond E | Add +1.0% | 0.61% | +0.02 |
| HST Host Hotels & Resorts Inc. | Add +8.6% | 0.17% | +0.02 |
| NOW ServiceNow Inc. | Add +0.4% | 0.10% | +0.02 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +0.4% | 0.20% | +0.02 |
| SHEL Shell PLC-ADR | Add +13.3% | 0.13% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +2.0% | 0.12% | +0.01 |
| IX Orix - Sponsored ADR | Add +12.1% | 0.16% | +0.01 |
| UBS UBS Group AG-Reg | Add +7.7% | 0.11% | +0.01 |
| MGA Magna International Inc. | Add +3.7% | 0.10% | +0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +1.1% | 0.18% | +0.01 |
| FIX Comfort Systems USA Inc. | Add +0.8% | 0.05% | +0.01 |
| EME Emcor Group Inc. | Add +0.3% | 0.07% | +0.01 |
| CMG Chipotle Mexican Grill Inc. | Add +1.9% | 0.06% | +0.01 |
| ANSS Ansys Inc. | Add +2.5% | 0.05% | +0.01 |
| HWC Hancock Whitney Corp. | Add +4.6% | 0.04% | +0.01 |
| SYK Stryker Corp. | Add +1.5% | 0.09% | +0.00 |
| ANIP Ani Pharmaceuticals Inc. | Add +12.4% | 0.05% | +0.00 |
| CTBI Community Trust Bancorp Inc. | Add +0.1% | 0.04% | +0.00 |
| PRI Primerica Inc. | Add +0.2% | 0.05% | +0.00 |
| CPRX Catalyst Pharmaceuticals Inc. | Add +1.5% | 0.03% | +0.00 |
| NICE Nice Ltd. - Spon ADR | Add +2.7% | 0.07% | +0.00 |
| EPR Epr Properties | Add +11.7% | 0.03% | +0.00 |
| SR Spire Inc. | Add +1.3% | 0.02% | +0.00 |
| TKC Turkcell Iletisim Hizmet-ADR | Add +2.8% | 0.12% | +0.00 |
| EMN Eastman Chemical Co. | Add +18.5% | 0.13% | +0.00 |
| SNX TD Synnex Corp. | Add +0.7% | 0.03% | +0.00 |
| PGR Progressive Corp. | Add +2.4% | 0.09% | +0.00 |
| SWX Southwest Gas Holdings Inc. | Add +1.7% | 0.02% | +0.00 |
| CACI Caci International Inc. Class A | Add +18.4% | 0.05% | −0.00 |
| HCC Warrior Met Coal Inc. | Add +10.5% | 0.05% | −0.00 |
| NVS Novartis AG-Sponsored ADR | Add +12.1% | 0.13% | −0.00 |
| TMHC Taylor Morrison Home Corp. | Add +2.0% | 0.03% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 207 | $1.6B | NVDA, BND, AAPL, MSFT, GOOGL |
| Q1 2026 | 207 | $1.5B | BND, NVDA, AAPL, GOOGL, MSFT |
| Q4 2025 | 207 | $1.4B | NVDA, BND, MSFT, AAPL, GOOGL |
| Q3 2025 | 202 | $1.4B | NVDA, BND, MSFT, AAPL, WMT |
| Q2 2025 | 201 | $1.2B | BND, MSFT, NVDA, EFA, AAPL |
| Q1 2025 | 202 | $1.1B | BND, AAPL, MSFT, EFA, NVDA |
| Q4 2024 | 199 | $1.1B | BND, AAPL, MSFT, NVDA, EFA |
| Q3 2024 | 210 | $1.1B | BND, AAPL, MSFT, NVDA, EFA |
| Q2 2024 | 210 | $1.1B | BND, MSFT, AAPL, NVDA, IWF |
| Q1 2024 | 225 | $1.1B | BND, MSFT, AAPL, EFA, IWF |