B & T Capital Management DBA Alpha Capital Management
CIK 1450935 · View on SEC EDGAR ↗
- Portfolio value
- $770.3M
- Positions
- 129
- As of
- June 30, 2026
#2,900 of 9,443 by 13F value · top 30.7%
Portfolio value QoQ: +11.7% 13F does not disclose cash
- Top 10 holdings weight
- 40.96%
- Top 25 holdings weight
- 63.36%
- Positions above 1%
- 28
- Effective number of positions
- 34.1
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 9.29% Est. buys $67,850,988 · sells $68,006,847
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 79.6% still held
- New positions
- 21
- Increased
- 51
- Decreased
- 51
- Closed
- 7
Put-notional exposure: 1.0% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
12.2%
Industrials
8.1%
Financial Services
6.3%
Retail
5.8%
Communication Services
4.2%
Energy
3.7%
Healthcare
3.4%
Financials
1.8%
Utilities
1.7%
Consumer Discretionary
0.9%
Consumer products
0.7%
Consumer Staples
0.6%
Materials
0.4%
Real Estate
0.2%
Telecommunication
0.1%
Communications
0.1%
Other/Unmapped
49.8%
Full portfolio 129 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| BND Vanguard Total Bond Market ETF | $80,363,616 | 10.43% | 1,094,723 | $-4,270,247 | Down ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $59,232,771 | 7.69% | 80,436 | $6,242,109 | Down ×1 | ||
| VIGI Vanguard International Dividend Appreciation ETF | $29,096,830 | 3.78% | 311,596 | $1,827,182 | Up ×6 | ||
| VNQ | $23,517,264 | 3.05% | 243,879 | $2,735,375 | Up ×6 | ||
| QTUM Defiance Quantum ETF | $23,458,823 | 3.05% | 141,848 | $7,874,678 | Down ×1 | ||
| SCHX | $22,944,731 | 2.98% | 779,637 | $2,635,830 | Down ×4 | ||
| IGF iShares Global Infrastructure ETF | $22,344,900 | 2.90% | 335,509 | $8,132,324 | Up ×3 | ||
| SCHG | $21,388,148 | 2.78% | 632,037 | $2,505,137 | Down ×5 | ||
| BIL | $16,871,199 | 2.19% | 184,103 | $12,980,897 | Up ×1 | ||
| JMEE | $16,347,754 | 2.12% | 209,506 | $2,346,151 | Down ×1 | ||
| TBIL F/m US Treasury 3 Month Bill Fund | $16,256,903 | 2.11% | 326,051 | $10,179,716 | Up ×1 | ||
| SDVY First Trust SMID Cap Rising Dividend Achievers ETF | $15,713,832 | 2.04% | 364,252 | $1,399,440 | Up ×6 | ||
| AAPL Apple Inc. - Common Stock | $14,447,982 | 1.88% | 49,931 | $835,000 | Down ×2 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $14,225,892 | 1.85% | 39,807 | $2,270,544 | Down ×6 | ||
| NVDA NVIDIA Corporation - Common Stock | $13,313,390 | 1.73% | 66,537 | $1,284,674 | Down ×1 | ||
| JPM JP Morgan Chase & Co. Common Stock | $12,051,174 | 1.56% | 36,817 | $1,113,249 | Down ×6 | ||
| AMZN Amazon.com, Inc. - Common Stock | $11,171,470 | 1.45% | 46,872 | $1,001,440 | Down ×1 | ||
| PWR Quanta Services, Inc. Common Stock | $10,860,364 | 1.41% | 15,083 | $-453,841 | Down ×4 | ||
| AESI Atlas Energy Solutions Inc. Common Stock | $10,555,340 | 1.37% | 635,481 | $2,249,999 | Up ×1 | ||
| BX Blackstone Inc. Common Stock | $9,697,571 | 1.26% | 82,413 | $1,018,113 | Up ×3 | ||
| NEE NextEra Energy, Inc. Common Stock | $9,613,800 | 1.25% | 109,534 | $-556,653 | Up ×1 | ||
| KKR KKR & Co. Inc. Common Stock | $9,352,632 | 1.21% | 101,903 | $705,572 | Up ×3 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $8,531,789 | 1.11% | 17,865 | $2,303,032 | Down ×4 | ||
| CAT Caterpillar, Inc. Common Stock | $8,519,715 | 1.11% | 8,000 | $2,685,204 | Down ×4 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $8,185,364 | 1.06% | 14,531 | $-257,172 | Down ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $8,058,919 | 1.05% | 21,334 | $-1,452,014 | Down ×6 | ||
| WSM Williams-Sonoma, Inc. Common Stock (DE) | $7,840,088 | 1.02% | 33,634 | $1,587,667 | Down ×6 | ||
| XOM Exxon Mobil Corporation Common Stock | $7,814,411 | 1.01% | 57,156 | $-1,928,217 | Down ×3 | ||
| SPY SPY | $7,467,700 | 0.97% | 10,000 | Put option | Up ×1 | ||
| MELI MercadoLibre, Inc. - Common Stock | $7,461,761 | 0.97% | 4,396 | $-681,958 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $7,280,529 | 0.95% | 19,518 | $-15,388 | Down ×1 | ||
| ABBV AbbVie Inc. Common Stock | $7,223,578 | 0.94% | 28,706 | $1,091,882 | Up ×3 | ||
| PANW Palo Alto Networks, Inc. - Common Stock | $7,025,354 | 0.91% | 20,601 | $3,461,761 | Down ×1 | ||
| FAST Fastenal Company - Common Stock | $6,557,489 | 0.85% | 136,529 | $252,754 | Up ×3 | ||
| WMT Walmart Inc. - Common Stock | $6,517,336 | 0.85% | 57,543 | $-701,112 | Down ×2 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $6,463,293 | 0.84% | 50,298 | $510,622 | Up ×1 | ||
| VMC Vulcan Materials Company (Holding Company) Common Stock | $6,167,185 | 0.80% | 20,905 | $477,734 | Up ×6 | ||
| V Visa Inc. | $6,071,738 | 0.79% | 17,697 | $764,641 | Up ×4 | ||
| IBM International Business Machines Corporation Common Stock | $5,727,108 | 0.74% | 20,366 | $897,985 | Up ×5 | ||
| AMGN Amgen Inc. - Common Stock | $5,708,460 | 0.74% | 15,764 | $221,007 | Up ×1 | ||
| PH Parker-Hannifin Corporation Common Stock | $5,654,512 | 0.73% | 5,781 | $561,491 | Up ×1 | ||
| SBUX Starbucks Corporation - Common Stock | $5,545,062 | 0.72% | 54,262 | $814,595 | Up ×3 | ||
| BLK BlackRock, Inc. Common Stock | $5,516,470 | 0.72% | 5,737 | $99,157 | Up ×3 | ||
| LMT Lockheed Martin Corporation Common Stock | $5,326,914 | 0.69% | 10,456 | $-842,095 | Up ×1 | ||
| GS Goldman Sachs Group, Inc. (The) Common Stock | $5,322,332 | 0.69% | 5,262 | $776,407 | Down ×6 | ||
| HD Home Depot, Inc. (The) Common Stock | $5,301,911 | 0.69% | 15,033 | $486,236 | Up ×6 | ||
| DIS Walt Disney Company (The) Common Stock | $5,220,281 | 0.68% | 54,237 | $51,259 | Up ×1 | ||
| KVUE Kenvue Inc. Common Stock | $5,075,712 | 0.66% | 265,605 | $814,587 | Up ×6 | ||
| CVX Chevron Corporation Common Stock | $4,977,608 | 0.65% | 30,029 | $-991,251 | Up ×1 | ||
| SPY SPY | $4,894,963 | 0.64% | 6,555 | $432,003 | Down ×3 | ||
| MSCI MSCI Inc. Common Stock | $4,793,943 | 0.62% | 8,560 | $220,443 | Up ×6 | ||
| PEP PepsiCo, Inc. - Common Stock | $4,761,859 | 0.62% | 35,169 | $-526,820 | Up ×6 | ||
| ORCL Oracle Corporation Common Stock | $4,659,288 | 0.60% | 31,793 | $80,024 | Up ×2 | ||
| SNOW Snowflake Inc. Common Stock | $4,511,267 | 0.59% | 17,726 | $-1,154,890 | Down ×5 | ||
| PLTR Palantir Technologies Inc. - Class A Common Stock | $4,453,178 | 0.58% | 38,169 | $-1,050,169 | Up ×1 | ||
| SOFI SoFi Technologies, Inc. - Common Stock | $4,044,865 | 0.53% | 225,592 | $-282,864 | Down ×3 | ||
| LLY Eli Lilly and Company Common Stock | $3,942,527 | 0.51% | 3,287 | $949,595 | Up ×1 | ||
| JHX James Hardie Industries plc. Ordinary Shares | $3,776,465 | 0.49% | 144,250 | $1,103,519 | Up ×1 | ||
| EME EMCOR Group, Inc. Common Stock | $3,600,850 | 0.47% | 4,339 | $412,089 | Up ×1 | ||
| MLM Martin Marietta Materials, Inc. Common Stock | $3,397,653 | 0.44% | 5,892 | $-59,984 | Up ×4 | ||
| ECL Ecolab Inc. Common Stock | $3,389,570 | 0.44% | 12,166 | $212,227 | Up ×1 | ||
| RH RH Common Stock | $3,321,451 | 0.43% | 20,163 | $683,886 | Up ×2 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $3,294,334 | 0.43% | 7,731 | Up ×1 | |||
| JCI Johnson Controls International plc Ordinary Share | $3,228,009 | 0.42% | 22,093 | Up ×1 | |||
| MA Mastercard Incorporated Common Stock | $3,204,317 | 0.42% | 6,239 | $87,470 | Up ×3 | ||
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $3,131,844 | 0.41% | 27,429 | $-86,317 | Up ×1 | ||
| COST Costco Wholesale Corporation - Common Stock | $3,127,484 | 0.41% | 3,343 | $-190,849 | Up ×4 | ||
| REGN Regeneron Pharmaceuticals, Inc. - Common Stock | $2,979,275 | 0.39% | 4,778 | $-751,031 | Down ×3 | ||
| EOG EOG Resources, Inc. Common Stock | $2,926,647 | 0.38% | 22,560 | $-310,784 | Up ×1 | ||
| AMAT Applied Materials, Inc. - Common Stock | $2,916,200 | 0.38% | 4,033 | $1,517,102 | Down ×3 | ||
| CEG Constellation Energy Corporation - Common Stock When-Issued | $2,895,498 | 0.38% | 11,658 | $-247,182 | Up ×1 | ||
| Unknown issuer (CUSIP: 438516205) | $2,726,669 | 0.35% | 12,178 | Up ×1 | |||
| Unknown issuer (CUSIP: 43849R105) | $2,679,490 | 0.35% | 12,120 | Up ×1 | |||
| NFLX Netflix, Inc. - Common Stock | $2,493,288 | 0.32% | 34,920 | ||||
| MU Micron Technology, Inc. - Common Stock | $2,301,655 | 0.30% | 1,994 | $1,074,957 | Down ×1 | ||
| SCHD | $2,277,658 | 0.30% | 71,828 | $32,563 | Down ×1 | ||
| HAL Halliburton Company Common Stock | $2,221,688 | 0.29% | 65,440 | Up ×1 | |||
| ARM Arm Holdings plc - American Depositary Shares | $1,789,870 | 0.23% | 5,048 | $599,191 | Down ×1 | ||
| TBUX | $1,542,870 | 0.20% | 31,000 | $299,120 | Up ×1 | ||
| TSLA Tesla, Inc. - Common Stock | $1,449,388 | 0.19% | 3,446 | $109,972 | Down ×1 | ||
| AFL AFLAC Incorporated Common Stock | $1,435,609 | 0.19% | 12,244 | $92,319 | |||
| STRS Stratus Properties Inc. - Common Stock | $1,374,423 | 0.18% | 47,806 | $-84,617 | |||
| VO | $1,351,140 | 0.18% | 16,770 | $135,279 | Up ×2 | ||
| BINC | $1,308,762 | 0.17% | 25,005 | $6,876 | Down ×1 | ||
| DELL Dell Technologies Inc. Class C Common Stock | $1,279,279 | 0.17% | 2,965 | $179,259 | Down ×1 | ||
| VTI | $1,187,764 | 0.15% | 3,210 | $122,834 | Down ×2 | ||
| BLOK | $1,177,946 | 0.15% | 18,808 | $-272,322 | Down ×1 | ||
| JEPI | $1,123,349 | 0.15% | 19,889 | $15,651 | Up ×1 | ||
| IWM | $1,091,836 | 0.14% | 3,634 | $-225,788 | Down ×1 | ||
| LSCC Lattice Semiconductor Corporation - Common Stock | $995,770 | 0.13% | 6,510 | $391,902 | |||
| GOOG Alphabet Inc. - Class C Capital Stock | $992,688 | 0.13% | 2,810 | $154,907 | Down ×2 | ||
| SPOT Spotify Technology S.A. Ordinary Shares | $861,328 | 0.11% | 1,876 | $-9,086 | Up ×3 | ||
| VOO | $850,297 | 0.11% | 1,238 | $249,227 | Up ×1 | ||
| VRT Vertiv Holdings, LLC Class A Common Stock | $838,390 | 0.11% | 2,504 | $103,188 | Down ×1 | ||
| CRWV CoreWeave, Inc. - Class A Common Stock | $833,250 | 0.11% | 8,371 | $-82,523 | Down ×1 | ||
| BE Bloom Energy Corporation Class A Common Stock | $816,382 | 0.11% | 2,697 | ||||
| VEA | $795,277 | 0.10% | 11,162 | $184,984 | Up ×3 | ||
| INFQ Infleqtion, Inc. Common Stock | $759,986 | 0.10% | 57,056 | $-195,773 | Down ×1 | ||
| BRKB | $731,070 | 0.09% | 1,461 | $-81,174 | Down ×2 | ||
| ASTS AST SpaceMobile, Inc. - Class A Common Stock | $684,311 | 0.09% | 7,701 | $-51,907 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| VIGI | $29,096,830 | 3.78% | up ×6 |
| VNQ | $23,517,264 | 3.05% | up ×6 |
| IGF | $22,344,900 | 2.90% | up ×3 |
| SDVY | $15,713,832 | 2.04% | up ×6 |
| BX | $9,697,571 | 1.26% | up ×3 |
| KKR | $9,352,632 | 1.21% | up ×3 |
| ABBV | $7,223,578 | 0.94% | up ×3 |
| FAST | $6,557,489 | 0.85% | up ×3 |
| VMC | $6,167,185 | 0.80% | up ×6 |
| V | $6,071,738 | 0.79% | up ×4 |
| IBM | $5,727,108 | 0.74% | up ×5 |
| SBUX | $5,545,062 | 0.72% | up ×3 |
| BLK | $5,516,470 | 0.72% | up ×3 |
| HD | $5,301,911 | 0.69% | up ×6 |
| KVUE | $5,075,712 | 0.66% | up ×6 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| SPY | $7,467,700 | 10,000 | 0.97% |
| ETN | $3,294,334 | 7,731 | 0.43% |
| JCI | $3,228,009 | 22,093 | 0.42% |
| Unknown issuer (CUSIP: 438516205) | $2,726,669 | 12,178 | 0.35% |
| Unknown issuer (CUSIP: 43849R105) | $2,679,490 | 12,120 | 0.35% |
| NFLX | $2,493,288 | 34,920 | 0.32% |
| HAL | $2,221,688 | 65,440 | 0.29% |
| BE | $816,382 | 2,697 | 0.11% |
| TLN | $646,710 | 1,683 | 0.08% |
| NBIS | $391,886 | 1,419 | 0.05% |
| VTV | $344,382 | 1,580 | 0.04% |
| COHR | $340,823 | 864 | 0.04% |
| GLW | $336,641 | 1,318 | 0.04% |
| INTC | $317,798 | 2,276 | 0.04% |
| QCOM | $277,185 | 1,500 | 0.04% |
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| KRE | Sept. 30, 2025 | 354,700 | $21,065,633 | No longer tracked |
| BIL | June 30, 2025 | 202,265 | $18,553,769 | No longer tracked |
| XLE | Sept. 30, 2025 | 193,853 | $16,440,675 | No longer tracked |
| IGV | June 30, 2026 | 161,373 | $12,917,909 | No longer tracked |
| HON | June 30, 2026 | 37,249 | $8,419,481 | -1.9% |
| BKNG | March 31, 2026 | 1,567 | $8,391,859 | 22.9% |
| CF | March 31, 2026 | 53,550 | $4,141,557 | -1.7% |
| STZ | March 31, 2025 | 17,897 | $3,955,237 | -26.8% |
| ROP | June 30, 2026 | 7,502 | $2,654,492 | 19.6% |
| UBER | June 30, 2026 | 35,413 | $2,547,258 | 8.4% |
| OXY | June 30, 2025 | 44,542 | $2,198,594 | 46.3% |
| JBHT | June 30, 2025 | 14,205 | $2,101,630 | 93.8% |
| CRSP | March 31, 2026 | 25,803 | $1,353,110 | 25.2% |
| COWZ | June 30, 2025 | 24,658 | $1,350,273 | No longer tracked |
| IWO | Dec. 31, 2025 | 3,203 | $1,025,089 | No longer tracked |
| GRAL | Sept. 30, 2025 | 17,446 | $897,074 | 30.3% |
| IBIT | March 31, 2026 | 17,031 | $845,590 | |
| BLSH | June 30, 2026 | 21,907 | $782,738 | 29.1% |
| COWG | March 31, 2026 | 21,935 | $772,332 | |
| NFLX | Dec. 31, 2025 | 582 | $697,772 | -15.1% |
| CPNG | Dec. 31, 2025 | 19,359 | $623,360 | -31.7% |
| SGOV | March 31, 2026 | 6,000 | $602,280 | 0.0% |
| BE | June 30, 2025 | 26,204 | $515,171 | 761.5% |
| CRSP | June 30, 2025 | 12,223 | $415,949 | 22.4% |
| SOLS | March 31, 2026 | 8,090 | $393,013 | -25.0% |
| SMCI | March 31, 2025 | 12,777 | $389,443 | 8.7% |
| RSP | March 31, 2026 | 1,950 | $373,542 | No longer tracked |
| VIG | June 30, 2025 | 1,749 | $339,341 | No longer tracked |
| MSTR | June 30, 2025 | 1,127 | $324,881 | -70.2% |
| IVW | Sept. 30, 2025 | 2,922 | $321,745 | No longer tracked |
| ICSH | June 30, 2026 | 5,956 | $301,493 | No longer tracked |
| DKNG | March 31, 2025 | 7,477 | $278,145 | -24.8% |
| QCOM | March 31, 2026 | 1,585 | $271,115 | 25.0% |
| GSY | June 30, 2026 | 5,400 | $270,648 | No longer tracked |
| AMD | March 31, 2025 | 1,929 | $233,004 | 358.2% |
| ICOW | June 30, 2025 | 6,853 | $215,253 | No longer tracked |
| VTV | Dec. 31, 2025 | 1,152 | $214,919 | No longer tracked |
| FELG | March 31, 2026 | 5,004 | $208,653 | No longer tracked |
| WFC | Sept. 30, 2025 | 2,544 | $203,845 | 1.0% |
| CLF | June 30, 2025 | 12,850 | $105,627 | 52.4% |
| TLSIW | Dec. 31, 2025 | 11,000 | $18,700 | -66.3% |