BTC Capital Management, Inc.
Long book
$1.48B
Q1 2026
Positions
207
Top-10 weight
34%
concentration
Last quarter
+10.4%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsBTC Capital Management, Inc. is an institutional manager, running a $1.48B US long book across 207 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD TOTAL BOND MARKET, NVIDIA CORP, APPLE INC, ALPHABET INC-CL A, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.5%
Q2 2024
+5.5%
Q3 2024
+1.6%
Q4 2024
-2.7%
Q1 2025
+9.8%
Q2 2025
+8.4%
Q3 2025
+2.6%
Q4 2025
-3.2%
Q1 2026
+10.4%
Sector allocation
Technology 38%
Consumer discretionary 13%
Financials 13%
Industrials 10%
Healthcare 10%
Services media 5%
Utilities 4%
Energy 4%
Long book by quarter
What does BTC Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 372.2K | $64.9M | 4.4% | +6.3% |
| AAPL APPLE INC | Technology | 240.3K | $61.0M | 4.1% | +15.5% |
| GOOGL ALPHABET INC-CL A | Technology | 198.3K | $57.0M | 3.9% | +29.9% |
| MSFT MICROSOFT CORP | Technology | 151.4K | $56.0M | 3.8% | +26.5% |
| AVGO BROADCOM INC | Technology | 122.4K | $37.9M | 2.6% | +13.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 158.8K | $33.1M | 2.2% | +12.7% |
| XOM EXXON MOBIL CORP | Energy | 179.4K | $30.5M | 2.1% | -16.6% |
| WMT WALMART INC | Consumer discretionary | 234.8K | $29.2M | 2.0% | -5.4% |
| META META PLATFORMS INC-CLASS A | Technology | 49.1K | $28.1M | 1.9% | +4.1% |
| JPM JPMORGAN CHASE & CO | Financials | 75.7K | $22.3M | 1.5% | -1.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 73.6K | $18.0M | 1.2% | -19.2% |
| TJX TJX COMPANIES INC | Consumer discretionary | 111.3K | $17.8M | 1.2% | +2.0% |
| MS MORGAN STANLEY | Financials | 102.5K | $16.9M | 1.1% | -4.1% |
| ABBV ABBVIE INC | Healthcare | 74.3K | $16.2M | 1.1% | +3.3% |
| GILD GILEAD SCIENCES INC | Healthcare | 111.9K | $15.6M | 1.1% | -5.1% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 38.4K | $15.0M | 1.0% | +2.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 103.8K | $15.0M | 1.0% | +13.6% |
| MA MASTERCARD INC - A | Services media | 26.8K | $13.4M | 0.9% | +6.6% |
| STLD STEEL DYNAMICS INC | Industrials | 72.7K | $13.1M | 0.9% | -10.5% |
| FAST FASTENAL CO | Consumer discretionary | 277.7K | $12.9M | 0.9% | -4.9% |
| WFC WELLS FARGO & CO | Financials | 153.1K | $12.2M | 0.8% | +4.8% |
| LLY ELI LILLY & CO | Healthcare | 12.6K | $11.6M | 0.8% | +10.8% |
| NEE NEXTERA ENERGY INC | Utilities | 120.2K | $11.2M | 0.8% | -2.1% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 120.1K | $11.1M | 0.8% | +3.9% |
| DE DEERE & CO | Industrials | 18.8K | $10.6M | 0.7% | -13.1% |
| TSLA TESLA INC | Industrials | 28.4K | $10.6M | 0.7% | +3.8% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 34.3K | $9.9M | 0.7% | -12.3% |
| NFLX NETFLIX INC | Services media | 99.0K | $9.5M | 0.6% | +57.3% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 27.5K | $9.5M | 0.6% | -1.2% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 24.2K | $9.5M | 0.6% | -8.9% |
| ETN EATON CORP PLC | Industrials | 25.8K | $9.2M | 0.6% | +2.2% |
| INTU INTUIT INC | Technology | 19.8K | $8.6M | 0.6% | +30.7% |
| JAZZ JAZZ PHARMACEUTICALS PLC | Healthcare | 43.7K | $8.3M | 0.6% | -8.0% |
| UHS UNIVERSAL HEALTH SERVICES-B | Healthcare | 45.6K | $8.2M | 0.6% | +8.0% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 24.6K | $8.1M | 0.5% | -9.1% |
| XEL XCEL ENERGY INC | Utilities | 100.6K | $8.0M | 0.5% | -0.8% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 49.5K | $7.8M | 0.5% | 0.0% |
| GM GENERAL MOTORS CO | Industrials | 103.7K | $7.7M | 0.5% | -5.5% |
| ORCL ORACLE CORP | Technology | 51.9K | $7.6M | 0.5% | +15.0% |
| SPGI S&P GLOBAL INC | Services media | 17.8K | $7.6M | 0.5% | +41.2% |
| HD HOME DEPOT INC | Consumer discretionary | 23.0K | $7.6M | 0.5% | +25.4% |
| GS GOLDMAN SACHS GROUP INC | Financials | 8.9K | $7.6M | 0.5% | +2.9% |
| APH AMPHENOL CORP-CL A | Technology | 59.2K | $7.5M | 0.5% | +14.7% |
| LOW LOWE'S COS INC | Consumer discretionary | 31.4K | $7.4M | 0.5% | +5.8% |
| UNM UNUM GROUP | Financials | 100.2K | $7.3M | 0.5% | +17.3% |
| PH PARKER HANNIFIN CORP | Industrials | 8.1K | $7.3M | 0.5% | -1.0% |
| AMP AMERIPRISE FINANCIAL INC | Financials | 15.0K | $6.7M | 0.5% | +10.8% |
| TMUS T-MOBILE US INC | Communications | 30.1K | $6.3M | 0.4% | -12.1% |
| MDT MEDTRONIC PLC | Healthcare | 72.2K | $6.3M | 0.4% | +33.2% |
| WM WASTE MANAGEMENT INC | Utilities | 26.8K | $6.2M | 0.4% | +10.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 20, 2026 | 530 | $1.48B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 15, 2026 | 523 | $1.43B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 509 | $1.45B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 11, 2025 | 514 | $1.23B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 8, 2025 | 531 | $1.09B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 521 | $1.08B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 21, 2024 | 546 | $1.12B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 19, 2024 | 555 | $1.08B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 11, 2024 | 571 | $1.09B | canonical | SEC ↗ |
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