# BTC Capital Management, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1611848. Source: https://holderbook.com/funds/1611848-btc-capital-management-inc/

- Reported value: $1.6B
- Positions: 207
- Weight of the ten largest: 34.3%
- Filed: 2026-07-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $76.7M | 383,269 | 4.7% | 30 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $72.2M | 984,185 | 4.4% | 30 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $71.1M | 245,369 | 4.3% | 30 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $64.5M | 172,761 | 3.9% | 30 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $62.3M | 174,067 | 3.8% | 30 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $55.8M | 536,747 | 3.4% | 30 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $44.6M | 358,431 | 2.7% | 30 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $43.1M | 114,206 | 2.6% | 30 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $41.8M | 175,342 | 2.5% | 30 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $33.4M | 81,262 | 2.0% | 30 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $32.4M | 375,591 | 2.0% | 30 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $28.6M | 50,696 | 1.7% | 30 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $27.8M | 114,711 | 1.7% | 30 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $25.6M | 225,500 | 1.6% | 30 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $24.1M | 79,974 | 1.5% | 30 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $23.9M | 72,923 | 1.4% | 30 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $23.3M | 30,519 | 1.4% | 12 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $23.3M | 170,236 | 1.4% | 30 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $22.2M | 371,955 | 1.3% | 30 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $19.9M | 26,614 | 1.2% | 30 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $19.1M | 75,841 | 1.2% | 30 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $18.3M | 71,998 | 1.1% | 30 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $17.2M | 17,789 | 1.0% | 8 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $17.0M | 14,756 | 1.0% | 1 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $17.0M | 24,772 | 1.0% | 19 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $17.0M | 115,947 | 1.0% | 30 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $16.9M | 81,060 | 1.0% | 30 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $16.1M | 13,431 | 1.0% | 18 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $15.9M | 104,668 | 1.0% | 22 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $15.7M | 42,408 | 1.0% | 6 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $15.6M | 37,195 | 0.9% | 18 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $15.6M | 15,950 | 0.9% | 7 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $14.3M | 113,516 | 0.9% | 28 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $14.1M | 61,303 | 0.9% | 19 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $14.0M | 21,996 | 0.8% | 30 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $13.9M | 27,049 | 0.8% | 30 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $13.3M | 123,247 | 0.8% | 30 |
| OUTFRONT MEDIA INC | [OUT](https://holderbook.com/stocks/OUT/) | $13.1M | 399,298 | 0.8% | 3 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $12.5M | 260,880 | 0.8% | 30 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $11.0M | 120,001 | 0.7% | 30 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $11.0M | 35,073 | 0.7% | 30 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $11.0M | 50,516 | 0.7% | 30 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $10.9M | 25,505 | 0.7% | 8 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $10.8M | 123,259 | 0.7% | 30 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $10.7M | 60,792 | 0.7% | 6 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $10.6M | 128,450 | 0.6% | 17 |
| JAZZ PHARMACEUTICALS PLC | [JAZZ](https://holderbook.com/stocks/JAZZ/) | $10.5M | 43,653 | 0.6% | 8 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $9.4M | 12,800 | 0.6% | 17 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $9.4M | 9,262 | 0.6% | 5 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $9.3M | 68,968 | 0.6% | 25 |
| UNUM GROUP | [UNM](https://holderbook.com/stocks/UNM/) | $9.1M | 101,711 | 0.6% | 12 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $9.0M | 24,357 | 0.5% | 20 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $8.4M | 11,227 | 0.5% | 30 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $8.3M | 23,559 | 0.5% | 22 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $8.3M | 37,447 | 0.5% | 19 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $8.2M | 89,644 | 0.5% | 6 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $8.0M | 27,571 | 0.5% | 18 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $7.9M | 57,140 | 0.5% | 30 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $7.6M | 19,615 | 0.5% | 23 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $7.5M | 93,406 | 0.5% | 15 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $7.4M | 12,777 | 0.5% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $7.3M | 102,769 | 0.4% | 6 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $7.1M | 16,691 | 0.4% | 14 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $7.1M | 29,809 | 0.4% | 30 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $7.0M | 34,716 | 0.4% | 5 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $6.9M | 17,097 | 0.4% | 23 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $6.8M | 88,668 | 0.4% | 30 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $6.6M | 44,932 | 0.4% | 24 |
| INVITATION HOMES INC | [INVH](https://holderbook.com/stocks/INVH/) | $6.5M | 215,448 | 0.4% | 11 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $6.5M | 15,606 | 0.4% | 1 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $6.5M | 92,357 | 0.4% | 17 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $6.4M | 28,874 | 0.4% | 5 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $6.4M | 84,514 | 0.4% | 30 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $6.3M | 24,139 | 0.4% | 1 |
| AMERIPRISE FINL INC | [AMP](https://holderbook.com/stocks/AMP/) | $6.2M | 13,610 | 0.4% | 30 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $6.1M | 143,586 | 0.4% | 5 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $6.1M | 6,469 | 0.4% | 5 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $6.1M | 49,277 | 0.4% | 30 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $6.0M | 35,763 | 0.4% | 25 |
| BROADSTONE NET LEASE INC | [BNL](https://holderbook.com/stocks/BNL/) | $5.7M | 277,450 | 0.3% | 18 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $5.6M | 48,825 | 0.3% | 30 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $5.6M | 32,961 | 0.3% | 3 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $5.6M | 32,850 | 0.3% | 4 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $5.5M | 77,438 | 0.3% | 30 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $5.3M | 14,943 | 0.3% | 9 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $5.2M | 47,200 | 0.3% | 30 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $5.1M | 64,820 | 0.3% | 30 |
| EQUITABLE HLDGS INC | [EQH](https://holderbook.com/stocks/EQH/) | $4.8M | 110,081 | 0.3% | 17 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $4.6M | 67,741 | 0.3% | 27 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $4.3M | 19,037 | 0.3% | 30 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $4.1M | 68,516 | 0.3% | 3 |
| ORIX CORP | [IX](https://holderbook.com/stocks/IX/) | $4.1M | 106,698 | 0.2% | 30 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $3.8M | 3,342 | 0.2% | 26 |
| SPDR INDEX SHS FDS | [CWI](https://holderbook.com/stocks/CWI/) | $3.7M | 91,457 | 0.2% | 13 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $3.7M | 74,765 | 0.2% | 16 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $3.6M | 1,823 | 0.2% | 17 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $3.3M | 4,504 | 0.2% | 28 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $3.2M | 10,526 | 0.2% | 30 |
| SONY GROUP CORP | [SONY](https://holderbook.com/stocks/SONY/) | $3.2M | 157,357 | 0.2% | 24 |
| SUMITOMO MITSUI FIN GRP INC | [SMFG](https://holderbook.com/stocks/SMFG/) | $3.0M | 127,667 | 0.2% | 30 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.8% | +14.8% | -5.0% | 100% |
| Q1 2026 | -3.3% | -4.6% | +1.4% | 100% |
| Q4 2025 | +2.2% | +2.4% | -0.2% | 100% |
| Q3 2025 | +8.2% | +7.8% | +0.4% | 100% |
| Q2 2025 | +9.4% | +10.5% | -1.0% | 100% |
| Q1 2025 | -3.0% | -4.6% | +1.5% | 100% |
| Q4 2024 | +1.1% | +2.1% | -1.1% | 100% |
| Q3 2024 | +5.2% | +5.4% | -0.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.6B | 207 |
| Q1 2026 | $1.5B | 207 |
| Q4 2025 | $1.4B | 207 |
| Q3 2025 | $1.4B | 202 |
| Q2 2025 | $1.2B | 201 |
| Q1 2025 | $1.1B | 202 |
| Q4 2024 | $1.1B | 199 |
| Q3 2024 | $1.1B | 210 |
| Q2 2024 | $1.1B | 210 |
| Q1 2024 | $1.1B | 225 |
| Q3 2023 | $866.3M | 237 |
| Q2 2023 | $925.0M | 242 |