B & T Capital Management DBA Alpha Capital Management

RIA/Wealth

B & T Capital Management DBA Alpha Capital Management is a RIA/Wealth based in Austin, TX led by Michael Terence Turner, reporting $766.3M in AUM as of Q3 2025 with 39% ETF concentration.

Managing PartnerMichael Terence Turner

Portfolio Value: $630.4M
Positions: 117
Top Holding: QQQ at 8.85%
Last Reported: Q3 2025

Address5407 Parkcrest Drive, 2nd Floor, Austin, TX, 78731, United States

Top Holdings

Largest long holdings in B & T Capital Management DBA Alpha Capital Management's portfolio (35% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Invesco QQQ Trust QQQ	ETF ETF	$55.8M	8.85%	-$742.7K Sold	— 93.0K shares	Q1 2018 Held for 7y 8m
2 Vanguard International Dividend Appreciation VIGI	ETF ETF	$26.3M	4.18%	+$414.4K Bought	— 294.1K shares	Q4 2023 Held for 1y 11m
3 SPDR Bloomberg 1-3 Month T-Bill ETF BIL	ETF ETF	$25.2M	4.00%	+$25.2M Bought	— 274.6K shares	Q4 2024 Held for 11 months
4 SCHX Schwab U.S. Large-Cap ETF SCHX	ETF ETF	$21.4M	3.40%	-$435.5K Sold	— 812.6K shares	Q2 2018 Held for 7y 5m
5 Schwab U.S. Large-Cap Growth SCHG	ETF ETF	$21.4M	3.39%	-$910.0K Sold	— 670.2K shares	Q2 2017 Held for 8y 5m
6 Vanguard Real Estate VNQ	ETF ETF	$18.7M	2.96%	+$264.0K Bought	— 204.4K shares	Q2 2021 Held for 4y 5m
7 Apple AAPL	Consumer Electronics Technology	$13.8M	2.19%	+$108.5K Bought	0.00% 54.2K shares	≤ Q2 2013 Held for 12y 5m+
8 First Trust SMID Cap Rising Dividend Achievers SDVY	ETF ETF	$13.4M	2.12%	+$227.5K Bought	— 352.2K shares	Q4 2024 Held for 11 months
9 JMEE JPMorgan Market Expansion Enhanced Equity JMEE	ETF ETF	$12.8M	2.03%	+$308.7K Bought	— 202.1K shares	Q4 2024 Held for 11 months
10 JPMorgan Chase JPM	Banks - Diversified Financial Services	$12.1M	1.92%	-$340.3K Sold	0.00% 38.4K shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in B & T Capital Management DBA Alpha Capital Management's latest filing

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Market Value

$630.4M

Prior: $580.8M

Q/Q Change

+8.55%

+$49.6M

Net Flows % of MV

-3.33%

Turnover Ratio

8.46%

New Purchases

6 stocks

$10.6M

Added To

50 stocks

+$17.4M

Sold Out Of

5 stocks

$38.9M

Reduced Holdings

49 stocks

-$10.1M

Increased Positions

Position	Shares Δ	Change
1 iShares Global Infrastructure IGF	New	0 → 104.9K +$6.4M
2 iShares 0-3 Month Treasury Bond SGOV	New	0 → 15.9K +$1.6M
3 iShares Russell 2000 Growth IWO	New	0 → 3.2K +$1.0M
4 BLSH Bullish BLSH	New	0 → 11.3K +$719.6K
5 BLOK Amplify Transformational Data Sharing BLOK	New	0 → 10.0K +$667.7K

Decreased Positions

Position	Shares Δ	Change
1 SPDR S&P Regional Banking KRE	Sold	354.7K → 0 −$21.1M
2 Energy Select Sector SPDR Fund XLE	Sold	193.9K → 0 −$16.4M
3 GRAIL, Inc. GRAL	Sold	17.4K → 0 −$897.1K
4 iShares S&P 500 Growth ETF IVW	Sold	2.9K → 0 −$321.7K
5 Wells Fargo & Company WFC	Sold	2.5K → 0 −$203.8K