Q2 2026 13F · SEC CIK 1450935

B & T Capital Management DBA Alpha Capital Management

Hedge fundFiled 2026-08-07 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $762.9M
Reported positions: 128
Top holdings a year, 3 yrs: +15.9%
Average holding period: 3.5 yrs

B & T Capital Management DBA Alpha Capital Management is a hedge fund that reported 128 positions worth $762.9M in its Q2 2026 13F, filed 2026-08-07. Its largest holdings were Vanguard Total Bond Market ETF (BND, 10.5%), Invesco Qqq Tr (QQQ, 7.8%), Vanguard Whitehall Fds (VIGI, 3.8%). A portfolio copying its top holdings returned 15.9% a year over the last 3 years, against 20.4% for the S&P 500.

B & T Capital Management DBA Alpha Capital Management holdings largest 50 of 128 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

B & T Capital Management DBA Alpha Capital Management 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
BNDVanguard Total Bond Market ETF	10.5%	12.3%	1,094,723	-4.7%	$80.4M
QQQInvesco Qqq Tr	7.8%	7.7%	80,436	-12.4%	$59.2M
VIGIVanguard Whitehall Fds	3.8%	4.0%	311,596	+1.1%	$29.1M
VNQVanguard Real Estate ETF	3.1%	3.0%	243,879	+4.1%	$23.5M
QTUMETF Ser Solutions	3.1%	2.3%	141,848	-2.3%	$23.5M
SCHXSchwab Stratgc Tr	3.0%	2.9%	779,637	-1.6%	$22.9M
IGFIshares Global Infrastructure	2.9%	2.1%	335,509	+58.2%	$22.3M
SCHGSchwab U.s. Large-Cap Growth ETF	2.8%	2.7%	632,037	-2.5%	$21.4M
BILSPDR Brcy1-3 Ser	2.2%	—	184,103	—	$16.9M
JMEEJpmorgan Small & Mid Cap Enhanced Equity	2.1%	2.0%	209,506	-0.1%	$16.3M
TBILRbb Fd Inc	2.1%	0.9%	326,051	+167.5%	$16.3M
SDVYFirst Tr Exchange-Traded Fd	2.1%	2.1%	364,252	+0.3%	$15.7M
AAPLApple Inc	1.9%	2.0%	49,931	-6.9%	$14.4M
GOOGLAlphabet Inc	1.9%	1.7%	39,807	-4.3%	$14.2M
NVDANvidia Corporation Com	1.7%	1.7%	66,537	-3.5%	$13.3M
JPMJpmorgan Chase & Co	1.6%	1.6%	36,817	-1.0%	$12.1M
AMZNAmazon Com Inc Com	1.5%	1.5%	46,872	-4.0%	$11.2M
PWRQuanta Svcs Inc Com	1.4%	1.6%	15,083	-26.8%	$10.9M
AESIAtlas Energy Solutions	1.4%	1.2%	635,481	+0.4%	$10.6M
BXBlackstone Inc Com	1.3%	1.3%	82,413	+9.2%	$9.7M
NEENextera Energy Inc Com	1.3%	1.5%	109,534	+0.0%	$9.6M
KKRKkr & Co Inc Cl A	1.2%	1.3%	101,903	+9.0%	$9.4M
TSMTaiwan Semiconductor Manufac	1.1%	0.9%	17,865	-3.1%	$8.5M
CATCaterpillar Inc Com	1.1%	0.8%	8,000	-2.9%	$8.5M
METAMeta Platforms Inc Class A	1.1%	1.2%	14,531	-1.5%	$8.2M
AVGOBroadcom Inc	1.1%	1.4%	21,334	-30.6%	$8.1M
WSMWilliams Sonoma Inc	1.0%	0.9%	33,634	-1.9%	$7.8M
XOMExxon Mobil Corp	1.0%	1.4%	57,156	-0.5%	$7.8M
MELIMercadolibre Inc	1.0%	1.2%	4,396	-6.7%	$7.5M
MSFTMicrosoft Corp	1.0%	1.1%	19,518	-1.0%	$7.3M
ABBVAbbvie Inc	0.9%	0.9%	28,706	+1.8%	$7.2M
PANWPalo Alto Networks Inc	0.9%	—	20,601	—	$7.0M
FASTFastenal Co	0.9%	0.9%	136,529	+0.5%	$6.6M
WMTWalmart Inc	0.9%	1.0%	57,543	-0.9%	$6.5M
MRKMerck & Co. Inc	0.8%	0.9%	50,298	+1.6%	$6.5M
VMCVulcan Matls Co Com	0.8%	0.8%	20,905	+0.1%	$6.2M
VVisa Inc Com Cl A	0.8%	0.8%	17,697	+0.8%	$6.1M
IBMInternational Business Machs	0.8%	0.7%	20,366	+2.2%	$5.7M
AMGNAmgen Inc Com	0.7%	0.8%	15,764	+1.1%	$5.7M
PHParker-Hannifin Corp	0.7%	0.7%	5,781	+1.6%	$5.7M
SBUXStarbucks Corp Com	0.7%	0.7%	54,262	+2.8%	$5.5M
BLKBlackrock Inc	0.7%	0.8%	5,737	+1.8%	$5.5M
LMTLockheed Martin Corp Com	0.7%	0.9%	10,456	+2.4%	$5.3M
GSGoldman Sachs Group Inc	0.7%	—	5,262	—	$5.3M
HDHome Depot Inc Com	0.7%	0.7%	15,033	+2.7%	$5.3M
DISDisney Walt Co	0.7%	0.7%	54,237	+1.1%	$5.2M
KVUEKenvue Inc.	0.7%	—	265,605	—	$5.1M
CVXChevron Corp New	0.7%	0.9%	30,029	+4.1%	$5.0M
SPYSpdr S&p 500 ETF Tr	0.6%	—	6,555	—	$4.9M
MSCIMSCI Inc	0.6%	—	8,560	—	$4.8M

What B & T Capital Management DBA Alpha Capital Management bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +12.9% /yr; S&P 500 +20.1%
3 years: +15.9% /yr; S&P 500 +20.4%
5 years: +6.9% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$762.9M	128
Q1 2026	$689.9M	115
Q4 2025	$709.9M	116
Q3 2025	$630.4M	117
Q2 2025	$580.8M	112
Q1 2025	$526.1M	115
Q4 2024	$545.6M	114
Q3 2024	$531.9M	111
Q2 2024	$513.6M	114
Q1 2024	$512.4M	115
Q4 2023	$483.9M	112
Q3 2023	$427.2M	108

Questions about B & T Capital Management DBA Alpha Capital Management's portfolio

What stocks does B & T Capital Management DBA Alpha Capital Management own?

B & T Capital Management DBA Alpha Capital Management's latest 13F, for Q2 2026 and filed Aug 7, 2026, lists 128 positions worth $762.9M. The largest are Vanguard Total Bond Market ETF (BND) at 10.5%, Invesco Qqq Tr (QQQ) at 7.8%, Vanguard Whitehall Fds (VIGI) at 3.8%, Vanguard Real Estate ETF (VNQ) at 3.1% and ETF Ser Solutions (QTUM) at 3.1%.

What did B & T Capital Management DBA Alpha Capital Management buy last quarter?

In Q2 2026, B & T Capital Management DBA Alpha Capital Management added Rbb Fd Inc (TBIL) (+167.5% shares), Ishares Global Infrastructure (IGF) (+58.2% shares) and Blackstone Inc Com (BX) (+9.2% shares), compared with its Q1 2026 filing.

What did B & T Capital Management DBA Alpha Capital Management sell last quarter?

In Q2 2026, B & T Capital Management DBA Alpha Capital Management cut from its top 50 Ishares Tr (IGV), cut from its top 50 Honeywell Intl Inc (HON), cut from its top 50 Snowflake Inc (SNOW), cut from its top 50 Palantir Technologies Inclass Class A (PLTR), cut from its top 50 Pepsico Inc (PEP), Broadcom Inc (AVGO) (-30.6% shares), Quanta Svcs Inc Com (PWR) (-26.8% shares) and Invesco Qqq Tr (QQQ) (-12.4% shares), compared with its Q1 2026 filing.

How has B & T Capital Management DBA Alpha Capital Management's portfolio performed?

A portfolio copying B & T Capital Management DBA Alpha Capital Management's 20 largest 13F holdings each quarter, from the day each filing was public, returned +15.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +12.9% against +20.1%. Over 5 years: +6.9% a year against +11.6%.

When is B & T Capital Management DBA Alpha Capital Management's next 13F filing due?

13F filings are due 45 days after each quarter ends. B & T Capital Management DBA Alpha Capital Management's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.