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B & T Capital Management DBA Alpha Capital Management — 13F Portfolio Analysis & Stock Picks (Q2 2026)
B & T Capital Management DBA Alpha Capital ManagementCIK: 0001450935
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$770.3M
Reporting period: 2026-06-30 · Number of holdings: 129
B & T Capital Management DBA Alpha Capital Management disclosed 129 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $770.3M and a quarterly turnover rate of 23.6%.
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Personality snowflake
- Concentration
- 11.77
- Portfolio Stability
- 23.64
- Momentum
- 100
- Sector conviction
- 43.04
- Diversification
- 100
- Sizing Uniformity
- 83.3
B & T Capital Management DBA Alpha Capital Management's disclosed holdings carry a Herfindahl concentration index of 0.029 — mathematically equivalent to about 34 equally-sized positions, well below its 129 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.67), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 48% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out IGV
Trim BND
-4.7% -$4.3M
Add BIL
+333.7% $13.0M
Add TBIL
+167.5% $10.2M
Sold out HON
Add SPY
+141.2% $7.9M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 128 holdings (of 129 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BND | Vanguard Total Bond Market | ETF-Other | 10.43% | -1.84% | -4.75% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 7.69% | +0.01% | -12.39% | |
| 3 | VIGI | Vanguard Int Div App Indx Fd | ETF-Other | 3.78% | -0.17% | +1.08% | |
| 4 | VNQ | Vanguard Real Estate ETF | ETF-Other | 3.05% | +0.04% | +4.09% | |
| 5 | QTUM | Defiance Quantum ETF | ETF-Other | 3.05% | +0.79% | -2.33% | |
| 6 | SCHX | Schwab US Large-cap ETF | ETF-Other | 2.98% | +0.04% | -1.57% | |
| 7 | IGF | Ishares Global Infrastructur | ETF-Other | 2.90% | +0.84% | +58.16% | |
| 8 | SCHG | Schwab US Large-cap Growth | ETF-Other | 2.78% | +0.04% | -2.50% | |
| 9 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 2.19% | +1.63% | +333.67% | |
| 10 | JMEE | JPM Sma & Mid Cap En Eq Et-u | ETF-Other | 2.12% | +0.09% | -0.09% | |
| 11 | TBIL | F/m US Treasury 3 Month Bill | ETF-Gov Bonds | 2.11% | +1.23% | +167.51% | |
| 12 | SDVY | First Trust Smid Cap Rising | ETF-Other | 2.04% | -0.03% | +0.34% | |
| 13 | AAPL | Apple Inc | Stock-Tech | 1.88% | -0.09% | -6.91% | |
| 14 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.85% | +0.12% | -4.25% | |
| 15 | NVDA | Nvidia CORP | Stock-Tech | 1.73% | -0.01% | -3.53% | |
| 16 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.60% | +0.95% | +141.22% | |
| 17 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.56% | -0.03% | -0.99% | |
| 18 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.45% | -0.02% | -4.01% | |
| 19 | PWR | Quanta Services Inc | Stock-Industrials | 1.41% | -0.23% | -26.81% | |
| 20 | AESI | Atlas Energy Solutions Inc | Stock-Other | 1.37% | +0.17% | +0.39% | |
| 21 | BX | Blackstone Inc | Stock-Financials | 1.26% | — | +9.19% | |
| 22 | NEE | Nextera Energy Inc | Stock-Utilities | 1.25% | -0.22% | +0.03% | |
| 23 | KKR | Kkr & Co Inc | Stock-Financials | 1.21% | -0.04% | +9.01% | |
| 24 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.11% | +0.21% | -3.07% | |
| 25 | CAT | Caterpillar Inc | Stock-Industrials | 1.11% | +0.26% | -2.85% | |
| 26 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.06% | -0.16% | -1.52% | |
| 27 | AVGO | Broadcom Inc | Stock-Tech | 1.05% | -0.33% | -30.57% | |
| 28 | WSM | Williams-sonoma Inc | Stock-Consumer Disc | 1.02% | +0.11% | -1.92% | |
| 29 | XOM | Exxon Mobil CORP | Stock-Energy | 1.01% | -0.40% | -0.47% | |
| 30 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 0.97% | -0.21% | -6.67% | |
| 31 | MSFT | Microsoft CORP | Stock-Tech | 0.95% | -0.11% | -0.97% | |
| 32 | ABBV | Abbvie Inc | Stock-Healthcare | 0.94% | +0.05% | +1.82% | |
| 33 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.91% | +0.39% | -7.32% | |
| 34 | FAST | Fastenal Co | Stock-Industrials | 0.85% | -0.06% | +0.48% | |
| 35 | WMT | Walmart Inc | Stock-Consumer Staples | 0.85% | -0.20% | -0.93% | |
| 36 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.84% | -0.02% | +1.64% | |
| 37 | VMC | Vulcan Materials Co | Stock-Materials | 0.80% | -0.02% | +0.05% | |
| 38 | V | Visa Inc-class A Shares | Stock-Financials | 0.79% | +0.02% | +0.79% | |
| 39 | IBM | Intl Business Machines CORP | Stock-Tech | 0.74% | +0.04% | +2.22% | |
| 40 | AMGN | Amgen Inc | Stock-Healthcare | 0.74% | -0.06% | +1.08% | |
| 41 | PH | Parker Hannifin CORP | Stock-Industrials | 0.73% | -0.01% | +1.62% | |
| 42 | SBUX | Starbucks CORP | Stock-Consumer Disc | 0.72% | +0.03% | +2.77% | |
| 43 | BLK | Blackrock Inc | Stock-Financials | 0.72% | -0.07% | +1.85% | |
| 44 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.69% | -0.20% | +2.44% | |
| 45 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.69% | +0.03% | -2.07% | |
| 46 | HD | Home Depot Inc | Stock-Consumer Disc | 0.69% | -0.01% | +2.67% | |
| 47 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.68% | -0.07% | +1.13% | |
| 48 | KVUE | Kenvue Inc | Stock-Consumer Staples | 0.66% | +0.04% | +7.46% | |
| 49 | CVX | Chevron CORP | Stock-Energy | 0.65% | -0.22% | +4.09% | |
| 50 | MSCI | Msci Inc | Stock-Financials | 0.62% | -0.04% | +0.88% |
1–50 of 128
Portfolio Performance
Performance for Q3 2026
+1.8%
Performance Last 4 Quarters
+17%
- Stdev
- +13.4%
- Beta
- +1
- Alpha
- -2.1%
- Max Drawdown
- -9.1%
- Annualized Perf
- +18.5%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.69
- Stutzer
- +0.39
- Treynor
- +0.18
- Sterling
- +1.16
- Calmar
- +2.04
- Information Ratio
- -0.58
- Tracking Error
- +3.5%
- Stdev Down
- +6.7%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +35.6%
- Worst 12 Months
- +5.2%
- Efficiency Ratio
- +0.56
- Sharpe
- +1.34
- Stdev Sectors
- +6.6%
- Skewness
- +0.08
- Kurtosis
- -0.21
- Upside Potential
- +4.33
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 129 | $770.3M | 24 | ||
| 2026 Q1 | 115 | $689.9M | 20 | ||
| 2025 Q4 | 116 | $709.9M | 22 | ||
| 2025 Q3 | 117 | $630.4M | 29 | ||
| 2025 Q2 | 112 | $580.8M | 0 | ||
| 2025 Q1 | 115 | $526.1M | 100 | ||
| 2024 Q4 | 114 | $545.6M | 0 | ||
| 2024 Q3 | 112 | $532.1M | 0 | ||
| 2024 Q2 | 115 | $513.8M | 0 | ||
| 2024 Q1 | 116 | $512.6M | 0 | ||
| 2023 Q4 | 112 | $483.9M | 0 | ||
| 2023 Q3 | 109 | $427.2M | 0 | ||
| 2023 Q2 | 103 | $400.0M | 0 | ||
| 2023 Q1 | 104 | $400.0M | 0 | ||
| 2022 Q4 | 104 | $400.0M | 0 | ||
| 2022 Q3 | 101 | $377.2M | 0 | ||
| 2022 Q2 | 101 | $365.9M | 0 | ||
| 2022 Q1 | 105 | $460.4M | 0 | ||
| 2021 Q4 | 106 | $452.8M | 0 | ||
| 2021 Q3 | 109 | $421.7M | 0 | ||
| 2021 Q2 | 115 | $425.9M | 100 | ||
| 2021 Q1 | 112 | $392.0M | 18 | ||
| 2020 Q4 | 107 | $395.9M | 21 | ||
| 2020 Q3 | 101 | $346.2M | 28 | ||
| 2020 Q2 | 98 | $292.2M | 79 | ||
| 2020 Q1 | 94 | $226.8M | 41 | ||
| 2019 Q4 | 101 | $271.3M | 17 | ||
| 2019 Q3 | 98 | $270.5M | 14 | ||
| 2019 Q2 | 95 | $265.0M | 27 | ||
| 2019 Q1 | 91 | $254.3M | 24 | ||
| 2018 Q4 | 90 | $213.7M | 40 | ||
| 2018 Q3 | 88 | $249.1M | 27 | ||
| 2018 Q2 | 89 | $245.7M | 21 | ||
| 2018 Q1 | 87 | $233.7M | 28 | ||
| 2017 Q4 | 93 | $211.9M | 37 | ||
| 2017 Q3 | 88 | $210.5M | 35 | ||
| 2017 Q2 | 92 | $202.3M | 40 | ||
| 2017 Q1 | 75 | $143.3M | 38 | ||
| 2016 Q4 | 86 | $145.7M | 50 | ||
| 2016 Q3 | 85 | $137.7M | 29 | ||
| 2016 Q2 | 73 | $139.0M | 23 | ||
| 2016 Q1 | 73 | $138.3M | 39 | ||
| 2015 Q4 | 72 | $126.6M | 34 | ||
| 2015 Q3 | 68 | $111.2M | 33 | ||
| 2015 Q2 | 74 | $132.6M | 43 | ||
| 2015 Q1 | 87 | $142.6M | 0 | ||
| 2014 Q4 | 87 | $142.6M | 25 | ||
| 2014 Q3 | 83 | $127.4M | 33 | ||
| 2014 Q2 | 88 | $139.3M | 21 | ||
| 2014 Q1 | 78 | $127.9M | 35 | ||
| 2013 Q4 | 76 | $124.3M | 36 | ||
| 2013 Q3 | 79 | $112.6M | 34 | ||
| 2013 Q2 | 82 | $106.4M | — |
Holding changes this quarter
B & T Capital Management DBA Alpha Capital Management's most significant position changes for 2026-06-30: Sold out: Ishares Expanded Tech-softwa (IGV); Sold out: Honeywell International Inc (HON); New buy: Eaton Corporation plc (ETN); New buy: Johnson & Johnson (JNJ); New buy: .
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +1.6% | +333.67% | Add |
| 2 | TBIL | F/m US Treasury 3 Month Bill | +1.2% | +167.51% | Add |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1% | +141.22% | Add |
| 4 | IGF | Ishares Global Infrastructur | +0.8% | +58.16% | Add |
| 5 | QTUM | Defiance Quantum ETF | +0.8% | -2.33% | Trim |
| 6 | ETN | Eaton Corporation plc | +0.4% | NEW | New buy |
| 7 | JNJ | Johnson & Johnson | +0.4% | NEW | New buy |
| 8 | PANW | Palo Alto Networks Inc | +0.4% | -7.32% | Trim |
| 9 | ✓ | +0.4% | NEW | New buy | |
| 10 | ✓ | +0.4% | NEW | New buy | |
| 11 | NFLX | Netflix Inc | +0.3% | NEW | New buy |
| 12 | HAL | Halliburton Co | +0.3% | NEW | New buy |
| 13 | CAT | Caterpillar Inc | +0.3% | -2.85% | Trim |
| 14 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | -3.07% | Trim |
| 15 | AMAT | Applied Materials Inc | +0.2% | -1.47% | Trim |
| 16 | AESI | Atlas Energy Solutions Inc | +0.2% | +0.39% | Add |
| 17 | GOOGL | Alphabet Inc-cl A | +0.1% | -4.25% | Trim |
| 18 | MU | Micron Technology Inc | +0.1% | -45.08% | Trim |
| 19 | WSM | Williams-sonoma Inc | +0.1% | -1.92% | Trim |
| 20 | BE | Bloom Energy Corp- A | +0.1% | NEW | New buy |
| 21 | JHX | James Hardie Industries plc | +0.1% | +2.21% | Add |
| 22 | JMEE | JPM Sma & Mid Cap En Eq Et-u | +0.1% | -0.09% | Trim |
| 23 | LLY | Eli Lilly & Co | +0.1% | +1.01% | Add |
| 24 | TLN | Talen Energy CORP | +0.1% | NEW | New buy |
| 25 | ARM | Arm Holdings Plc-adr | +0.1% | -35.87% | Trim |
| 26 | ABBV | Abbvie Inc | +0.1% | +1.82% | Add |
| 27 | RH | Rh | +0.1% | +6.89% | Add |
| 28 | NBIS | Nebius Group N.V. | +0.1% | NEW | New buy |
| 29 | VNQ | Vanguard Real Estate ETF | 0% | +4.09% | Add |
| 30 | SCHX | Schwab US Large-cap ETF | 0% | -1.57% | Trim |
| 31 | SCHG | Schwab US Large-cap Growth | 0% | -2.50% | Trim |
| 32 | IBM | Intl Business Machines CORP | 0% | +2.22% | Add |
| 33 | KVUE | Kenvue Inc | 0% | +7.46% | Add |
| 34 | LSCC | Lattice Semiconductor CORP | 0% | — | Unchanged |
| 35 | VTV | Vanguard Value ETF | 0% | NEW | New buy |
| 36 | COHR | Coherent CORP | 0% | NEW | New buy |
| 37 | GLW | Corning Inc | 0% | NEW | New buy |
| 38 | INTC | Intel CORP | 0% | NEW | New buy |
| 39 | QCOM | Qualcomm Inc | 0% | NEW | New buy |
| 40 | VXF | Vanguard Extended Market ETF | 0% | NEW | New buy |
| 41 | SBUX | Starbucks CORP | 0% | +2.77% | Add |
| 42 | GS | Goldman Sachs Group Inc | 0% | -2.07% | Trim |
| 43 | AMD | Advanced Micro Devices | 0% | -21.53% | Trim |
| 44 | JFLX | Jpmorgan Flexible Debt ETF | 0% | NEW | New buy |
| 45 | VBR | Vanguard Small-cap Value ETF | 0% | NEW | New buy |
| 46 | SCHV | Schwab US Large-cap Value | 0% | NEW | New buy |
| 47 | FELG | Fidelity Enh Lrg Cap Gwth | 0% | NEW | New buy |
| 48 | TXN | Texas Instruments Inc | 0% | NEW | New buy |
| 49 | V | Visa Inc-class A Shares | 0% | +0.79% | Add |
| 50 | TBUX | T Rowe Price Ultra Short-ter | 0% | +24.00% | Add |
1–50 of 135
Filing History
FAQ
What is B & T Capital Management DBA Alpha Capital Management and what type of investor is it?
B & T Capital Management DBA Alpha Capital Management is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $770.3M, spread across 129 disclosed positions.
What are B & T Capital Management DBA Alpha Capital Management's largest equity positions?
Based on the latest 13F filing, B & T Capital Management DBA Alpha Capital Management's top holdings by market value are:
1. Vanguard Total Bond Market (BND) — $80.4M (10.4%)
2. Invesco Qqq Trust Series 1 (QQQ) — $59.2M (7.7%)
3. Vanguard Int Div App Indx Fd (VIGI) — $29.1M (3.8%)
4. Vanguard Real Estate ETF (VNQ) — $23.5M (3.0%)
5. Defiance Quantum ETF (QTUM) — $23.5M (3.0%)
What changes did B & T Capital Management DBA Alpha Capital Management make in its most recent portfolio filing?
In the latest reported quarter, B & T Capital Management DBA Alpha Capital Management made 129 notable position adjustments: 20 new positions were initiated, 52 existing holdings were added to, 50 positions were partially reduced, and 7 were completely exited. The largest of these moves: Sold out: Ishares Expanded Tech-softwa (IGV); Sold out: Honeywell International Inc (HON); New buy: Eaton Corporation plc (ETN); New buy: Johnson & Johnson (JNJ); New buy:
What sectors does B & T Capital Management DBA Alpha Capital Management focus on?
B & T Capital Management DBA Alpha Capital Management is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 25.7%
• Financials: 16.6%
• Industrials: 12.3%
• Consumer Discretionary: 11.4%
• Communication Services: 8.7%
• Health Care: 8.0%
Investment Profile
B & T Capital Management DBA Alpha Capital Management returned an annualized 18.5% over the trailing 36 months — underperforming the S&P 500 by 2.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.00 (roughly in line with the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active.
Its turnover score has risen from 0 to 24 over the past 4 quarters — a shift toward more active trading.
It has added to its IGF position over the past two quarters (+$9.4M, now $22.3M), while trimming BRK-B over the same stretch (-$7.5M, still holding $731.1K).
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