Institutional Manager · CIK 0001450935

B & T Capital Management DBA Alpha Capital Management

AUSTIN, TX · File #028-13842

Latest AUM

$709.9M

Positions

116

Top-10 Concentration

46.9%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	VANGUARD BD INDEX FDS	921937835	+1,069,933	+$79.2M	-$5,197
REDUCE	SPDR SERIES TRUST	78468R663	-114,300	-$10.4M	-$101,600
ADD	ISHARES TR	464288372	+105,253	+$6.5M	+$25,186
ADD	ETF SER SOLUTIONS	26922A420	+53,806	+$5.9M	+$408,723
REDUCE	J P MORGAN EXCHANGE TRADED F	46641Q837	-35,500	-$1.8M	-$6,510
ADD	RBB FD INC	74933W452	+26,315	+$1.3M	-$18,171
EXITED	ISHARES TR	464287648	-3,203	-$1.0M	$0
REDUCE	ISHARES TR	46436E718	-9,900	-$993,762	-$5,088
ADD	CRISPR THERAPEUTICS AG	CRSP	+17,718	+$929,132	-$100,011
REDUCE	ALPHABET INC	GOOG	-2,835	-$887,357	+$3.4M

Sector Allocation

Financials

14.4%$102.0M

Technology

10.9%$77.6M

Consumer Discretionary

6.7%$47.5M

3.6%$25.9M

3.5%$25.2M

3.0%$21.1M

2.2%$15.6M

Communication Services

1.4%$9.9M

Utilities

0.6%$4.0M

Materials

0.4%$3.2M

Filing History

Feb 13, 202613F HOLDINGS REPORTQ/E Dec 2025116 pos · $709.9M
Nov 12, 202513F HOLDINGS REPORTQ/E Sep 2025117 pos · $630.4M
Jul 31, 202513F HOLDINGS REPORTQ/E Jun 2025112 pos · $580.8M
May 1, 202513F HOLDINGS REPORTQ/E Mar 2025115 pos · $526.1M
Jan 15, 202513F HOLDINGS REPORTQ/E Dec 2024114 pos · $545.6M
Oct 9, 202413F HOLDINGS REPORTQ/E Sep 2024112 pos · $532.1M
Jul 18, 202413F HOLDINGS REPORTQ/E Jun 2024115 pos · $513.8M
Apr 12, 202413F HOLDINGS REPORTQ/E Mar 2024116 pos · $512.6M
Oct 17, 202313F HOLDINGS REPORTQ/E Dec 2023108 pos · $427.2M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD BD INDEX FDS	921937835	1,087,255	$80.5M	13.28%
2	INVESCO QQQ TR	IVZ	91,702	$56.3M	9.29%
3	VANGUARD WHITEHALL FDS	921946810	301,294	$27.6M	4.54%
4	SCHWAB STRATEGIC TR	808524201	808,245	$21.7M	3.59%
5	SCHWAB STRATEGIC TR	808524300	660,721	$21.6M	3.55%
6	VANGUARD INDEX FDS	922908553	205,005	$18.1M	2.99%
7	ETF SER SOLUTIONS	26922A420	139,853	$15.3M	2.53%
8	APPLE INC	AAPL	54,341	$14.8M	2.44%
9	SPDR SERIES TRUST	78468R663	160,294	$14.6M	2.41%
10	ALPHABET INC	GOOG	45,215	$14.2M	2.33%
11	FIRST TR EXCHANGE-TRADED FD	33741X102	361,846	$13.9M	2.29%
12	J P MORGAN EXCHANGE TRADED F	46641Q118	207,629	$13.4M	2.20%
13	ISHARES TR	464288372	210,193	$12.9M	2.13%
14	JPMORGAN CHASE & CO.	VYLD	37,725	$12.2M	2.00%
15	BROADCOM INC	AVGO	32,278	$11.2M	1.84%
16	AMAZON COM INC	AMZN	46,858	$10.8M	1.78%
17	QUANTA SVCS INC	74762E102	25,600	$10.8M	1.78%
18	NVIDIA CORPORATION	NVDA	52,877	$9.9M	1.63%
19	KKR & CO INC	KKRT	72,448	$9.2M	1.52%
20	META PLATFORMS INC	META	13,856	$9.1M	1.51%