BTC Capital Management, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 20, 2026), BTC Capital Management, Inc. reported 207 stock positions worth $1.5 billion. Its top holding was Vanguard Total Bond Market (BND) at 4.6% of the portfolio, followed by Nvidia (NVDA, 4.4%) and Apple (AAPL, 4.1%). Compared with Q4 2025, it opened 7 new positions, sold out of 7, added to 135 and reduced 45. The biggest buy was Alphabet Class A (GOOGL, shares +30%) and the biggest sale iShares Russell 1000 Value E (IWD, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- DES MOINES, IA
- CIK
- 0001611848
- Portfolio Value
- $1.5B (Q1 2026)
- SEC Filing
- 0001611848-26-000007 ↗ filed Apr 20, 2026
Holdings Value
Holdings 207 stocks · $1.5B
| BND Vanguard Total Bond Market | 4.61% | 925,778 | $68.2M | Add +6.2% |
| NVDA Nvidia Corp. | 4.39% | 372,169 | $64.9M | Add +6.3% |
| AAPL Apple Inc. | 4.13% | 240,347 | $61.0M | Add +15.5% |
| GOOGL Alphabet Inc. Class A | 3.86% | 198,300 | $57.0M | Add +29.9% |
| MSFT Microsoft Corp. | 3.79% | 151,366 | $56.0M | Add +26.5% |
| EFA iShares MSCI Eafe ETF | 3.37% | 512,370 | $49.8M | Add +3.1% |
| AVGO Broadcom Inc. | 2.56% | 122,382 | $37.9M | Add +13.5% |
| IWF iShares Russell 1000 Growth | 2.54% | 88,138 | $37.6M | Add +1.1% |
| AMZN Amazon.com Inc. | 2.24% | 158,836 | $33.1M | Add +12.7% |
| XOM Exxon Mobil Corp. | 2.06% | 179,431 | $30.5M | Reduce -16.6% |
| WMT Walmart Inc. | 1.98% | 234,774 | $29.2M | Reduce -5.4% |
| META Meta Platforms Inc. Class A | 1.90% | 49,134 | $28.1M | Add +4.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.88% | 63,641 | $27.8M | Add +6.5% |
| IWB iShares Russell 1000 ETF | 1.72% | 71,246 | $25.4M | Reduce -3.5% |
| JPM JPMorgan Chase & Co. | 1.51% | 75,725 | $22.3M | Reduce -1.9% |
| IWD iShares Russell 1000 Value E | 1.43% | 98,528 | $21.1M | Reduce -13.5% |
| VWO Vanguard Ftse Emerging Marke | 1.33% | 363,260 | $19.6M | Reduce -0.5% |
| IWM iShares Russell 2000 ETF | 1.31% | 77,945 | $19.4M | Add +1.5% |
| JNJ Johnson & Johnson | 1.22% | 73,582 | $18.0M | Reduce -19.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.20% | 111,269 | $17.8M | Add +2.0% |
| IVV iShares Core S&P 500 ETF | 1.19% | 26,927 | $17.6M | Reduce -0.8% |
| MS Morgan Stanley | 1.14% | 102,546 | $16.9M | Reduce -4.1% |
| ABBV Abbvie Inc. | 1.09% | 74,317 | $16.2M | Add +3.3% |
| GILD Gilead Sciences Inc. | 1.06% | 111,932 | $15.6M | Reduce -5.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 1.02% | 38,445 | $15.0M | Add +2.1% |
| PG The Procter & Gamble Co. | 1.01% | 103,839 | $15.0M | Add +13.6% |
| VOO Vanguard S&P 500 ETF | 1.01% | 25,050 | $15.0M | Add +28.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.92% | 42,408 | $13.6M | Add +150.1% |
| MA Mastercard Inc. Class A | 0.91% | 26,840 | $13.4M | Add +6.6% |
| STLD Steel Dynamics Inc. | 0.89% | 72,664 | $13.1M | Reduce -10.5% |
| FAST Fastenal Co. | 0.87% | 277,710 | $12.9M | Reduce -4.8% |
| WFC Wells Fargo & Co. | 0.82% | 153,089 | $12.2M | Add +4.8% |
| LLY Eli Lilly & Co. | 0.78% | 12,597 | $11.6M | Add +10.8% |
| NEE Nextera Energy Inc. | 0.76% | 120,241 | $11.2M | Reduce -2.1% |
| ORLY O'reilly Automotive Inc. | 0.75% | 120,131 | $11.1M | Add +3.9% |
| MUB iShares National Muni Bond E | 0.75% | 104,038 | $11.1M | Add +9.9% |
| DE Deere & Co. | 0.72% | 18,789 | $10.6M | Reduce -13.1% |
| TSLA Tesla Inc. | 0.71% | 28,405 | $10.6M | Add +3.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.70% | 52,662 | $10.3M | Reduce -10.0% |
| NSC Norfolk Southern Corp. | 0.67% | 34,343 | $9.9M | Reduce -12.3% |
| NFLX Netflix Inc. | 0.65% | 99,037 | $9.5M | Add +57.3% |
| LHX L3HARRIS Technologies Inc. | 0.64% | 27,534 | $9.5M | Reduce -1.2% |
| STX Seagate Technology Holdings | 0.64% | 24,244 | $9.5M | Reduce -8.9% |
| ETN Eaton Corp. PLC | 0.63% | 25,826 | $9.2M | Add +2.3% |
| PLD Prologis Inc. | 0.61% | 68,516 | $9.1M | Add +1.2% |
| INTU Intuit Inc. | 0.58% | 19,793 | $8.6M | Add +30.7% |
| JAZZ Jazz Pharmaceuticals PLC | 0.56% | 43,734 | $8.3M | Reduce -8.0% |
| UHS Universal Health Services-B | 0.55% | 45,585 | $8.2M | Add +8.0% |
| MAR Marriott International Class A | 0.55% | 24,644 | $8.1M | Reduce -9.1% |
| XEL Xcel Energy Inc. | 0.54% | 100,624 | $8.0M | Reduce -0.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.53% | 85,817 | $7.9M | Add +193.4% |
| ICE Intercontinental Exchange Inc. | 0.53% | 49,467 | $7.8M | Add +0.0% |
| GM General Motors Co. | 0.52% | 103,726 | $7.7M | Reduce -5.5% |
| ORCL Oracle Corp. | 0.52% | 51,874 | $7.6M | Add +15.0% |
| SPGI S&P Global Inc. | 0.51% | 17,825 | $7.6M | Add +41.1% |
| HD Home Depot Inc. | 0.51% | 23,017 | $7.6M | Add +25.4% |
| GS Goldman Sachs Group Inc. | 0.51% | 8,940 | $7.6M | Add +3.0% |
| APH Amphenol Corp. Class A | 0.51% | 59,186 | $7.5M | Add +14.7% |
| LOW Lowe's Cos Inc. | 0.50% | 31,399 | $7.4M | Add +5.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.50% | 12,833 | $7.4M | No change |
| UNM Unum Group | 0.50% | 100,186 | $7.3M | Add +17.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.49% | 11,227 | $7.3M | No change |
| PH Parker Hannifin Corp. | 0.49% | 8,136 | $7.3M | Reduce -1.0% |
| AMP Ameriprise Financial Inc. | 0.45% | 15,017 | $6.7M | Add +10.8% |
| IVW iShares S&P 500 Growth ETF | 0.44% | 57,190 | $6.5M | Reduce -5.7% |
| TMUS T-Mobile US Inc. | 0.43% | 30,102 | $6.3M | Reduce -12.1% |
| MDT Medtronic PLC | 0.42% | 72,184 | $6.3M | Add +33.2% |
| IWV iShares Russell 3000 ETF | 0.42% | 16,691 | $6.2M | No change |
| WM Waste Management Inc. | 0.42% | 26,821 | $6.2M | Add +10.7% |
| COST Costco Wholesale Corp. | 0.42% | 6,166 | $6.1M | Add +9.2% |
| ALL Allstate Corp. | 0.41% | 29,495 | $6.1M | Add +2.4% |
| SNA Snap-on Inc. | 0.41% | 16,666 | $6.1M | Add +2.1% |
| ADBE Adobe Inc. | 0.41% | 24,846 | $6.0M | Add +47.4% |
| ETR Entergy Corp. | 0.41% | 53,278 | $6.0M | Add +7.5% |
| HON Honeywell International Inc. | 0.40% | 26,403 | $6.0M | Add +0.6% |
| BN Brookfield Corp. | 0.39% | 142,440 | $5.8M | Add +4.7% |
| SYF Synchrony Financial | 0.38% | 83,140 | $5.7M | Add +1.5% |
| COF Capital One Financial Corp. | 0.36% | 29,528 | $5.4M | Add +3.5% |
| LDOS Leidos Holdings Inc. | 0.36% | 34,386 | $5.3M | Add +5.3% |
| CFG Citizens Financial Group | 0.36% | 88,816 | $5.3M | Add +4.0% |
| CTRA Coterra Energy Inc. | 0.36% | 151,081 | $5.3M | Add +11.7% |
| BSX Boston Scientific Corp. | 0.36% | 84,238 | $5.3M | Add +57.6% |
| OTIS Otis Worldwide Corp. | 0.36% | 68,306 | $5.3M | Add +4.0% |
| INVH Invitation Homes Inc. | 0.35% | 208,553 | $5.2M | Add +51.2% |
| OUT Outfront Media Inc. | 0.35% | 193,136 | $5.1M | Add +28.3% |
| SSNC Ss&c Technologies Holdings | 0.34% | 74,198 | $5.0M | Add +19.6% |
| GD General Dynamics Corp. | 0.33% | 14,320 | $4.9M | Add +18.6% |
| BNL Broadstone Net Lease Inc. | 0.33% | 267,018 | $4.9M | Add +15.8% |
| IWR iShares Russell Mid-Cap ETF | 0.32% | 48,134 | $4.7M | Add +2.0% |
| PSX Phillips 66 | 0.32% | 25,641 | $4.7M | Add +9.3% |
| STT State Street Corp. | 0.28% | 33,069 | $4.2M | Add +14.4% |
| IVE iShares S&P 500 Value ETF | 0.27% | 19,094 | $4.0M | Add +0.3% |
| D Dominion Energy Inc. | 0.27% | 64,996 | $4.0M | Add +15.6% |
| EQH Equitable Holdings Inc. | 0.27% | 106,789 | $4.0M | Add +47.2% |
| VEA Vanguard Ftse Developed ETF | 0.24% | 54,519 | $3.5M | Add +1.8% |
| UL Unilever PLC-Sponsored ADR | 0.23% | 60,284 | $3.4M | Add +24.8% |
| CWI State Street SPDR MSCI Acwi | 0.23% | 91,457 | $3.3M | No change |
| SONY Sony Group Corp. - SP ADR | 0.22% | 154,232 | $3.2M | Add +57.1% |
| VZ Verizon Communications Inc. | 0.20% | 58,732 | $2.9M | Reduce -10.4% |
| AMGN Amgen Inc. | 0.20% | 8,267 | $2.9M | Add +21.4% |
Portfolio Sells Q4 2025 → Q1 2026
| IWD iShares Russell 1000 Value E | Reduce -13.5% | 1.43% | −0.25 |
| JPM JPMorgan Chase & Co. | Reduce -1.9% | 1.51% | −0.23 |
| IWB iShares Russell 1000 ETF | Reduce -3.5% | 1.72% | −0.21 |
| AKRE Akre Focus ETF | Reduce -71.8% | 0.06% | −0.20 |
| MS Morgan Stanley | Reduce -4.1% | 1.14% | −0.18 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.15 |
| NSC Norfolk Southern Corp. | Reduce -12.3% | 0.67% | −0.12 |
| IVV iShares Core S&P 500 ETF | Reduce -0.8% | 1.19% | −0.11 |
| GM General Motors Co. | Reduce -5.5% | 0.52% | −0.10 |
| JNJ Johnson & Johnson | Reduce -19.2% | 1.22% | −0.10 |
| IVW iShares S&P 500 Growth ETF | Reduce -5.7% | 0.44% | −0.08 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -10.0% | 0.70% | −0.08 |
| STLD Steel Dynamics Inc. | Reduce -10.5% | 0.89% | −0.08 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −0.07 |
| IX Orix - Sponsored ADR | Reduce -38.4% | 0.11% | −0.07 |
| TMUS T-Mobile US Inc. | Reduce -12.1% | 0.43% | −0.06 |
| MAR Marriott International Class A | Reduce -9.1% | 0.55% | −0.04 |
| GVI iShares Intermediate Governm | Sold out | 0.00% | −0.04 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.5% | 1.33% | −0.04 |
| EXEL Exelixis Inc. | Sold out | 0.00% | −0.03 |
| VGK Vanguard Ftse Europe ETF | Reduce -10.4% | 0.19% | −0.03 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Reduce -53.1% | 0.02% | −0.02 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -9.5% | 0.14% | −0.02 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -12.1% | 0.13% | −0.02 |
| IWP iShares Russell Mid-Cap Grow | Reduce -2.7% | 0.11% | −0.01 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.01 |
| PCH Potlatchdeltic Corp. | Sold out | 0.00% | −0.01 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.01 |
| PH Parker Hannifin Corp. | Reduce -1.0% | 0.49% | −0.01 |
| AXP American Express Co. | Reduce -2.1% | 0.03% | −0.01 |
| TMHC Taylor Morrison Home Corp. | Reduce -20.5% | 0.02% | −0.01 |
| VPL Vanguard Ftse Pacific ETF | Reduce -10.7% | 0.09% | −0.01 |
| IWS iShares Russell Mid-Cap Valu | Reduce -17.7% | 0.03% | −0.01 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -8.0% | 0.56% | −0.01 |
| PATK Patrick Industries Inc. | Reduce -1.7% | 0.02% | −0.00 |
| ICF iShares Select U.S. REIT ETF | Reduce -0.6% | 0.06% | 0.00 |
| GNL Global Net Lease Inc. | Reduce -4.5% | 0.06% | +0.00 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -10.0% | 0.19% | +0.00 |
| NVS Novartis AG-Sponsored ADR | Reduce -4.8% | 0.17% | +0.00 |
| EME Emcor Group Inc. | Reduce -8.0% | 0.07% | +0.00 |
| DE Deere & Co. | Reduce -13.1% | 0.72% | +0.01 |
| SHEL Shell PLC-ADR | Reduce -9.2% | 0.13% | +0.01 |
| FIX Comfort Systems USA Inc. | Reduce -13.0% | 0.07% | +0.01 |
| VZ Verizon Communications Inc. | Reduce -10.4% | 0.20% | +0.01 |
| XEL Xcel Energy Inc. | Reduce -0.8% | 0.54% | +0.02 |
| WMT Walmart Inc. | Reduce -5.4% | 1.98% | +0.05 |
| GILD Gilead Sciences Inc. | Reduce -5.1% | 1.06% | +0.05 |
| FAST Fastenal Co. | Reduce -4.8% | 0.87% | +0.06 |
| NEE Nextera Energy Inc. | Reduce -2.1% | 0.76% | +0.07 |
| LHX L3HARRIS Technologies Inc. | Reduce -1.2% | 0.64% | +0.07 |
Portfolio Buys Q4 2025 → Q1 2026
| GOOGL Alphabet Inc. Class A | Add +29.9% | 3.86% | +0.53 |
| VTI VG Morningstar TS MKT ETF-US | Add +150.1% | 0.92% | +0.52 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +193.4% | 0.53% | +0.35 |
| NFLX Netflix Inc. | Add +57.3% | 0.65% | +0.23 |
| AAPL Apple Inc. | Add +15.5% | 4.13% | +0.18 |
| VOO Vanguard S&P 500 ETF | Add +28.3% | 1.01% | +0.15 |
| BND Vanguard Total Bond Market | Add +6.2% | 4.61% | +0.14 |
| SUB iShares Short-Term National | Add +578.3% | 0.16% | +0.13 |
| CTRA Coterra Energy Inc. | Add +11.7% | 0.36% | +0.11 |
| PSX Phillips 66 | Add +9.3% | 0.32% | +0.11 |
| PG The Procter & Gamble Co. | Add +13.6% | 1.01% | +0.10 |
| OUT Outfront Media Inc. | Add +28.3% | 0.35% | +0.09 |
| ETR Entergy Corp. | Add +7.5% | 0.41% | +0.09 |
| INVH Invitation Homes Inc. | Add +51.2% | 0.35% | +0.08 |
| ASML ASML Holding NV-NY Reg SHS | Add +73.9% | 0.15% | +0.08 |
| COST Costco Wholesale Corp. | Add +9.2% | 0.42% | +0.08 |
| HD Home Depot Inc. | Add +25.4% | 0.51% | +0.07 |
| AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) | New | 0.07% | +0.07 |
| ETN Eaton Corp. PLC | Add +2.3% | 0.63% | +0.06 |
| MDT Medtronic PLC | Add +33.2% | 0.42% | +0.06 |
| UBER Uber Technologies Inc. | Add +79.2% | 0.15% | +0.05 |
| SPGI S&P Global Inc. | Add +41.1% | 0.51% | +0.05 |
| BNL Broadstone Net Lease Inc. | Add +15.8% | 0.33% | +0.05 |
| GD General Dynamics Corp. | Add +18.6% | 0.33% | +0.05 |
| HON Honeywell International Inc. | Add +0.6% | 0.40% | +0.05 |
| GOOG Alphabet Inc. Class C | New | 0.05% | +0.05 |
| WM Waste Management Inc. | Add +10.7% | 0.42% | +0.05 |
| EFA iShares MSCI Eafe ETF | Add +3.1% | 3.37% | +0.04 |
| D Dominion Energy Inc. | Add +15.6% | 0.27% | +0.04 |
| AMGN Amgen Inc. | Add +21.4% | 0.20% | +0.04 |
| MUB iShares National Muni Bond E | Add +9.9% | 0.75% | +0.04 |
| SONY Sony Group Corp. - SP ADR | Add +57.1% | 0.22% | +0.04 |
| MCD McDonald's Corp. | Add +148.2% | 0.06% | +0.04 |
| V Visa Inc. Class A | Add +62.9% | 0.13% | +0.04 |
| URI United Rentals Inc. | Add +47.8% | 0.15% | +0.03 |
| UNM Unum Group | Add +17.3% | 0.50% | +0.03 |
| TJX TJX Companies Inc. | Add +2.0% | 1.20% | +0.03 |
| IAU iShares Gold Trust | Add +133.9% | 0.05% | +0.03 |
| SNY Sanofi-ADR | Add +31.3% | 0.14% | +0.03 |
| EQH Equitable Holdings Inc. | Add +47.2% | 0.27% | +0.03 |
| IBM Intl Business Machines Corp. | New | 0.03% | +0.03 |
| GWW WW Grainger Inc. | Add +115.2% | 0.05% | +0.03 |
| AMAT Applied Materials Inc. | Add +2.1% | 0.10% | +0.03 |
| LYV Live Nation Entertainment Inc. | Add +32.2% | 0.09% | +0.02 |
| EQIX Equinix Inc. | Add +5.4% | 0.10% | +0.02 |
| STT State Street Corp. | Add +14.4% | 0.28% | +0.02 |
| NSSC Napco Security Technologies | New | 0.02% | +0.02 |
| ISRG Intuitive Surgical Inc. | Add +58.6% | 0.11% | +0.02 |
| CRM Salesforce Inc. | Add +91.1% | 0.09% | +0.02 |
| SCHG Schwab US Large-Cap Growth | New | 0.02% | +0.02 |
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 |