Stocks/Funds/CIK 1450935

B & T Capital Management DBA Alpha Capital Management

long-term holder
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1450935
Assets
$690M
+31.1% YoY
Holdings
114
Lifetime alpha vs market
+0.15% annual
Average hold time
5.3 yr
median 5.5 yr

Quarterly history

Cum return +278% vs S&P +272% · α +6% lifetimeAUM $690M · peak $710MFlow $-1M (-0%)2016-062017-122019-062020-122022-062023-122025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+7.92%
adds when stocks drop
when a holding falls −10%+
Middle response
+1.61%
steady accumulation
Rally response
-7.84%
trims into rallies
when a holding rises +10%+

Top positions · 30

Ticker$ value% portYoYHold time
BNDVanguard Total Bond Mark$85M12.3%5.0 yr
QQQInvesco QQQ Trust, Serie$53M7.7%7.8 yr
VIGIVanguard International D$27M4.0%2.5 yr
VNQVanguard Real Estate ETF$21M3.0%5.0 yr
SCHXSchwab U.S. Large-Cap ET$20M2.9%8.0 yr
SCHGSchwab U.S. Large-Cap Gr$19M2.7%9.0 yr
QTUMQuantum ETF$16M2.3%1.0 yr
SDVYFirst Trust SMID Cap Ris$14M2.1%1.5 yr
IGFiShares Global Infrastru$14M2.1%0.8 yr
JMEEJPMorgan Small & Mid Cap$14M2.0%1.5 yr
AAPLApple Inc.$14M2.0%+14.7%10.5 yr
IGViShares Expanded Tech-So$13M1.9%0.3 yr
NVDANVIDIA Corporation$12M1.7%+60.9%6.8 yr
GOOGLAlphabet Inc.$12M1.7%10.3 yr
PWRQuanta Services, Inc.$11M1.6%+116.2%1.3 yr

Portfolio composition (YoY)

Industry mix
Asset Management37.9%-5.8pp$261M
Asset Management - Bonds12.5%+12.2pp$86M
Semiconductors4.8%+0.7pp$33M
Specialty Retail3.9%-0.9pp$27M
Software - Infrastructure3.3%-0.4pp$23M
Internet Content & Information3.2%-0.0pp$22M
Drug Manufacturers - General3.0%-0.2pp$21M
Oil & Gas Integrated2.3%+0.1pp$16M
Engineering & Construction2.1%+0.9pp$15M
Software - Application2.0%-0.3pp$14M
Country
US96.6%-0.5pp
UY1.2%-0.4pp
TW0.9%+0.5pp
CA0.5%-0.1pp
Unknown0.4%+0.4pp
GB0.2%+0.1pp
LU0.1%+0.0pp
KY0.1%
Top 5: 29.9% · Top 10: 41.0% · Top 25: 63.5%

Winners

TickerPrev $PnLYoY %
PWR$7M+0.01B116.2%
AVGO$7M+0.01B86.0%
NVDA$6M+0.00B60.9%
XOM$7M+0.00B47.6%
NEE$8M+0.00B34.9%

Losers

TickerPrev $PnLYoY %
KKR$8M-0.00B-19.5%
AESI$7M-0.00B-23.5%
BX$8M-0.00B-14.9%
MELI$8M-0.00B-11.4%
MSFT$7M-0.00B-0.6%

Top buys this quarter · 15

DIS The Walt Disney Company+$5M
EME EMCOR Group, Inc.new+$3M
NVDA NVIDIA Corporation+$3M
KKR KKR & Co. Inc.+$9M
BX Blackstone Inc.+$9M
INFQ Infleqtion, Inc.new+$1M
MU Micron Technology, Inc.+$1M
ASTS AST SpaceMobile, Inc.new+$1M
RH Rh+$1M
DELL Dell Technologies Inc.+$1M

Top sells this quarter · 15

CF CF Industries Holdings, Inc.exit$7M
CAT Caterpillar Inc.$3M
TSM Taiwan Semiconductor Manufactu$3M
PWR Quanta Services, Inc.$11M
PH Parker-Hannifin Corporation$2M
AESI Atlas Energy Solutions Inc.$7M
CRSP CRISPR Therapeutics AGexit$1M
SOFI SoFi Technologies, Inc.$1M
SOLS Solstice Advanced Materials Inexit$1M
AVGO Broadcom Inc.$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$690M114+19.80%+17.59%+2.20%-0.00B
2025-12-31$710M115+15.20%+17.72%-2.51%+0.08B
2025-09-30$630M116+21.98%+17.52%+4.46%+0.00B
2025-06-30$580M111+22.72%+14.94%+7.78%-0.02B
2025-03-31$526M114+6.57%+8.30%-1.73%+0.02B
2024-12-31$545M113+23.65%+24.89%-1.24%-0.01B
2024-09-30$532M110+33.17%+36.04%-2.86%-0.03B
2024-06-30$513M113+18.03%+24.49%-6.46%+0.00B
2024-03-31$512M114+29.11%+29.62%-0.51%-0.01B
2023-12-31$484M110+30.76%+26.18%+4.58%+0.00B
2023-09-30$427M106+21.91%+21.57%+0.34%+0.04B
2023-06-30$400M101+24.04%+19.42%+4.62%-0.04B
2023-03-31$400M103-6.28%-7.82%+1.54%-0.04B
2022-12-31$400M102-18.67%-18.17%-0.49%+0.00B
2022-09-30$377M100-14.50%-15.51%+1.01%+0.02B
2022-06-30$366M100-12.45%-10.62%-1.83%-0.01B