BTC Capital Management, Inc.

CIK

1611848

Location

DES MOINES, IA

Portfolio Value

Mid $1,030,444,456

Diversification

Diversified

Filing Date

Global Rank

#1,698 / 8,605 ▲ 95 · as of Mar 2026

Top Industry

Semiconductors 10.1%

3Y Alpha vs SPY

-2.6%

Period ended 3 months ago

Filed Apr 20, 2026 · 3mo

24 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+65.3%

SPY

+76.5%

Annualised alpha

-2.6%

Max drawdown

−18.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

161 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.3%

−0.2 pts

Top 5

26.9%

+0.3 pts

Top 10

39.5%

−0.6 pts

HHI

230

Diversified−3

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.0%	$288,801,630	23
Financial Services	16.2%	$167,152,766	38
Consumer Cyclical	10.5%	$107,738,511	13
Communication Services	10.2%	$105,270,560	6
Healthcare	9.9%	$102,452,199	19
Industrials	9.4%	$96,944,909	22
Consumer Defensive	5.4%	$55,797,878	8
Real Estate	2.9%	$30,259,652	15
Utilities	2.9%	$29,855,793	6
Unclassified	1.7%	$17,011,680	4
Basic Materials	1.6%	$16,681,281	3
Energy	1.2%	$12,477,597	4

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
INVH	Invitation Homes Inc.	+70,611	208,553	$5,182,541
LYG	Lloyds Banking Group plc	+66,765	414,883	$2,086,860
SONY	Sony Group Corp	+56,080	154,232	$3,192,601
GOOGL	Alphabet Inc.	+45,648	198,300	$57,023,146
OUT	OUTFRONT Media Inc.	+42,610	193,136	$5,118,104
BNL	Broadstone Net Lease, Inc.	+36,465	267,018	$4,878,417
NFLX	Netflix Inc	+36,061	99,037	$9,522,406
EQH	Equitable Holdings, Inc.	+34,237	106,789	$3,962,939
AAPL	Apple Inc.	+32,198	240,347	$60,997,665
MSFT	Microsoft Corp	+31,736	151,366	$56,031,151
BSX	Boston Scientific Corp	+30,778	84,238	$5,285,933
BCS	Barclays PLC	+28,771	105,197	$2,225,967
NWG	NatWest Group plc	+27,863	127,748	$1,903,444
NVDA	Nvidia Corp	+22,167	372,169	$64,906,272
HMC	Honda Motor Co Ltd	+19,077	71,932	$1,748,666
MDT	Medtronic plc	+18,006	72,184	$6,254,742
AMZN	Amazon Com Inc	+17,940	158,836	$33,080,772
CTRA	Coterra Energy Inc.	+15,848	151,081	$5,308,985
UBS	UBS Group AG	+15,052	72,621	$2,837,301
UNM	Unum Group	+14,771	100,186	$7,316,582
AVGO	Broadcom Inc.	+14,521	122,382	$37,878,451
UBER	Uber Technologies, Inc	+13,977	31,633	$2,275,361
PG	PROCTER & GAMBLE Co	+12,459	103,839	$14,998,504
SSNC	SS&C Technologies Holdings Inc	+12,143	74,198	$5,013,558
UL	Unilever PLC	+11,966	60,284	$3,434,378
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
IX	Orix Corp	−32,531	52,285	$1,568,025
JNJ	Johnson & Johnson	−17,482	73,582	$17,986,382
FAST	Fastenal Co	−14,158	277,710	$12,885,744
WMT	Walmart Inc.	−13,322	234,774	$29,177,712
STLD	Steel Dynamics Inc	−8,540	72,664	$13,079,520
VZ	Verizon Communications Inc	−6,828	58,732	$2,948,345
GM	General Motors Co	−6,025	103,726	$7,727,586
GILD	Gilead Sciences, Inc.	−6,015	111,932	$15,599,961
NSC	Norfolk Southern Corp	−4,832	34,343	$9,856,441
MS	Morgan Stanley	−4,404	102,546	$16,875,993
GNL	Global Net Lease, Inc.	−4,294	90,280	$845,019
TMUS	T-Mobile US, Inc.	−4,129	30,102	$6,322,322
JAZZ	Jazz Pharmaceuticals plc	−3,814	43,734	$8,267,912
RIO	Rio Tinto PLC	−3,415	30,796	$2,872,957
DE	Deere & Co	−2,840	18,789	$10,583,842
NEE	Nextera Energy Inc	−2,582	120,241	$11,167,983
MAR	Marriott International Inc /Md/	−2,470	24,644	$8,060,312
STX	Seagate Technology Holdings plc	−2,371	24,244	$9,497,829
SHEL	Shell plc	−2,063	20,368	$1,894,224
TMHC	Taylor Morrison Home Corp	−1,433	5,549	$323,172
JPM	Jpmorgan Chase & Co	−1,431	75,725	$22,275,264
NVS	Novartis AG	−838	16,540	$2,526,484
XEL	Xcel Energy Inc	−824	100,624	$7,993,569
LHX	L3harris Technologies, Inc. /De/	−335	27,534	$9,503,359
EME	EMCOR Group, Inc.	−113	1,305	$963,492
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
IBM	International Business Machines Corp	1,612	$390,731
NSSC	Napco Security Technologies, Inc	8,331	$328,157
USB	US Bancorp De	3,939	$204,866
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
SAP	Sap SE	9,033	$2,194,205
CHKP	Check Point Software Technologies Ltd	5,424	$1,006,476
EXEL	Exelixis, Inc.	10,916	$478,447
BX	Blackstone Inc.	1,380	$212,713
MCO	Moodys Corp /De/	400	$204,340
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

161 positions · $1,030,444,456 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 161 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	372,169	+22,167	$64,906,272	−0.6%	6.30%
AAPL	Apple Inc. Technology	Added	240,347	+32,198	$60,997,665	+7.8%	5.92%
GOOGL	Alphabet Inc. Communication Services	Added	198,300	+45,648	$57,023,146	+19.3%	5.53%
MSFT	Microsoft Corp Technology	Added	151,366	+31,736	$56,031,151	−3.2%	5.44%
AVGO	Broadcom Inc. Technology	Added	122,382	+14,521	$37,878,451	+1.5%	3.68%
AMZN	Amazon Com Inc Consumer Cyclical	Added	158,836	+17,940	$33,080,772	+1.7%	3.21%
WMT	Walmart Inc. Consumer Defensive	Reduced	234,774	-13,322	$29,177,712	+5.6%	2.83%
META	Meta Platforms, Inc. Communication Services	Added	49,134	+1,932	$28,111,034	−9.8%	2.73%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	75,725	-1,431	$22,275,264	−10.4%	2.16%
JNJ	Johnson & Johnson Healthcare	Reduced	73,582	-17,482	$17,986,382	−4.6%	1.75%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	111,269	+2,155	$17,769,658	+6.0%	1.72%
MS	Morgan Stanley Financial Services	Reduced	102,546	-4,404	$16,875,993	−11.1%	1.64%
ABBV	AbbVie Inc. Healthcare	Added	74,317	+2,401	$16,163,203	−1.6%	1.57%
GILD	Gilead Sciences, Inc. Healthcare	Reduced	111,932	-6,015	$15,599,961	+7.8%	1.51%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	103,839	+12,459	$14,998,504	+14.5%	1.46%
MA	Mastercard Inc Financial Services	Added	26,840	+1,661	$13,410,873	−6.7%	1.30%
STLD	Steel Dynamics Inc Basic Materials	Reduced	72,664	-8,540	$13,079,520	−4.9%	1.27%
FAST	Fastenal Co Industrials	Reduced	277,710	-14,158	$12,885,744	+10.0%	1.25%
WFC	Wells Fargo & Company/Mn Financial Services	Added	153,089	+7,041	$12,187,413	−10.5%	1.18%
LLY	ELI LILLY & Co Healthcare	Added	12,597	+1,225	$11,586,341	−5.2%	1.12%
NEE	Nextera Energy Inc Utilities	Reduced	120,241	-2,582	$11,167,983	+13.3%	1.08%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Added	120,131	+4,535	$11,089,291	+5.2%	1.08%
DE	Deere & Co Industrials	Reduced	18,789	-2,840	$10,583,842	+5.1%	1.03%
TSLA	Tesla, Inc. Consumer Cyclical	Added	28,405	+1,037	$10,559,557	−14.2%	1.02%
NSC	Norfolk Southern Corp Industrials	Reduced	34,343	-4,832	$9,856,441	−12.9%	0.96%
NFLX	Netflix Inc Communication Services	Added	99,037	+36,061	$9,522,406	+61.3%	0.92%
LHX	L3harris Technologies, Inc. /De/ Industrials	Reduced	27,534	-335	$9,503,359	+16.2%	0.92%
STX	Seagate Technology Holdings plc Technology	Reduced	24,244	-2,371	$9,497,829	+29.6%	0.92%
ETN	Eaton Corp plc Industrials	Added	25,826	+568	$9,237,184	+14.8%	0.90%
PLD	Prologis, Inc. Real Estate	Added	68,516	+828	$9,056,443	+4.8%	0.88%
INTU	Intuit Inc. Technology	Added	19,793	+4,651	$8,558,096	−14.7%	0.83%
JAZZ	Jazz Pharmaceuticals plc Healthcare	Reduced	43,734	-3,814	$8,267,912	+2.3%	0.80%
UHS	Universal Health Services Inc Healthcare	Added	45,585	+3,386	$8,158,345	−11.3%	0.79%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Reduced	24,644	-2,470	$8,060,312	−4.2%	0.78%
XEL	Xcel Energy Inc Utilities	Reduced	100,624	-824	$7,993,569	+6.7%	0.78%
ICE	Intercontinental Exchange, Inc. Financial Services	Added	49,467	+4	$7,780,169	−2.9%	0.76%
GM	General Motors Co Consumer Cyclical	Reduced	103,726	-6,025	$7,727,586	−13.4%	0.75%
ORCL	Oracle Corp Technology	Added	51,874	+6,770	$7,631,183	−13.2%	0.74%
HD	Home Depot, Inc. Consumer Cyclical	Added	23,017	+4,669	$7,570,060	+19.9%	0.73%
GS	Goldman Sachs Group Inc Financial Services	Added	8,940	+256	$7,563,149	−0.9%	0.73%
APH	Amphenol Corp /De/ Technology	Added	59,186	+7,577	$7,478,149	+7.2%	0.73%
LOW	Lowes Companies Inc Consumer Cyclical	Added	31,399	+1,715	$7,418,954	+3.6%	0.72%
QQQ	Invesco Qqq Trust, Series 1	Held	12,833	0	$7,406,950	−6.0%	0.72%
UNM	Unum Group Financial Services	Added	100,186	+14,771	$7,316,582	+10.5%	0.71%
SPY	Spdr S&P 500 ETF Trust	Held	11,227	0	$7,301,367	−4.6%	0.71%
PH	Parker-Hannifin Corp Industrials	Reduced	8,136	-85	$7,283,671	+0.8%	0.71%
SPGI	S&P Global Inc. Financial Services	Added	17,825	+5,197	$7,172,832	+14.9%	0.70%
AMP	Ameriprise Financial Inc Financial Services	Added	15,017	+1,458	$6,673,554	+0.4%	0.65%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	30,102	-4,129	$6,322,322	−9.0%	0.61%
HON	Honeywell International Inc Industrials	Added	26,403	+148	$6,258,909	+16.5%	0.61%