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Livermore
Livermore
ZHEN

BTC Capital Management, Inc.

SEC CIK
0001611848
Latest filing
Jul 16, 2026

The latest 13F from BTC Capital Management, Inc. covers Q2 2026 (filed Jul 16, 2026): 207 long positions worth $1.65B. The top 10 holdings make up 34.3% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 4.7%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
12
Est. +$44.6M
Added
102
Est. +$78.5M
Reduced
63
Est. −$74.2M
Sold out
12
Est. −$31.2M

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    4.7%$76.7MHistory
  2. Vanguard Total Bond Market ETF921937835
    4.4%$72.2M
  3. AAPLApple Inc.
    4.3%$71.1MHistory
  4. MSFTMicrosoft Corp
    3.9%$64.5MHistory
  5. GOOGLAlphabet Inc.
    3.8%$62.3MHistory

Share of portfolio

Top 5 holdings and the other 202 positions, by share of portfolio value

  1. NVDA4.7%
  2. Vanguard Total Bond Market ETF4.4%
  3. AAPL4.3%
  4. MSFT3.9%
  5. GOOGL3.8%
  6. Other 202 positions78.9%

Biggest buys

New and added positions, by estimated amount bought

  1. MUMicron Technology Inc
    +$17.0MNewHistory
  2. MSFTMicrosoft Corp
    +$7.99MAddedHistory
  3. PHParker-Hannifin Corp
    +$7.64MAddedHistory
  4. AMDAdvanced Micro Devices Inc
    +$7.42MNewHistory
  5. OUTOUTFRONT Media Inc.
    +$6.75MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MUMicron Technology Inc
    +1.03 pp0.0% → 1.0%History
  2. PHParker-Hannifin Corp
    +0.45 pp0.5% → 0.9%History
  3. AMDAdvanced Micro Devices Inc
    +0.45 pp0.0% → 0.5%History
  4. OUTOUTFRONT Media Inc.
    +0.45 pp0.3% → 0.8%History
  5. UNHUnitedHealth Group Inc
    +0.39 pp0.0% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. UHSUniversal Health Services Inc
    −$8.71MReducedHistory
  2. GOOGLAlphabet Inc.
    −$8.68MReducedHistory
  3. STXSeagate Technology Holdings plc
    −$6.23MReducedHistory
  4. CRWDCrowdStrike Holdings, Inc.
    −$6.05MReducedHistory
  5. HONHoneywell International Inc
    −$5.97MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. XOMExxonMobil Holdings Corp
    −0.65 pp2.1% → 1.4%History
  2. INTUIntuit Inc.
    −0.55 pp0.6% → <0.1%History
  3. UHSUniversal Health Services Inc
    −0.53 pp0.6% → <0.1%History
  4. WMTWalmart Inc.
    −0.42 pp2.0% → 1.6%History
  5. HONHoneywell International Inc
    −0.40 pp0.4% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.65B
+$169.7M (+11.5%) vs. prior quarter
Positions
207
0 vs. prior quarter
Top 10 concentration
34.3%
Top 10 as share of value
Turnover
6.7%
Q2 2026, one quarter
Average holding period
9.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

21 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.65B (Q2 2026)

Q1 2021: $895.6MQ2 2021: $878.3MQ3 2021: $891.4MQ4 2021: $1.01BQ1 2022: $1.01BQ2 2022: $818.0MQ3 2022: $765.3MQ4 2022: $831.7MQ1 2023: $869.3MQ2 2023: $925.0MQ3 2023: $866.3MQ1 2024: $1.09BQ2 2024: $1.08BQ3 2024: $1.12BQ4 2024: $1.08BQ1 2025: $1.09BQ2 2025: $1.23BQ3 2025: $1.45BQ4 2025: $1.43BQ1 2026: $1.48BQ2 2026: $1.65B
Q1 2021Q2 2026
13F filings of BTC Capital Management, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 16, 2026207$1.65BNVDAVanguard Total Bond Market ETFAAPLvs. Q1 2026SEC
Q1 2026Apr 20, 2026207$1.48BVanguard Total Bond Market ETFNVDAAAPLvs. Q4 2025SEC
Q4 2025Jan 15, 2026207$1.43BNVDAVanguard Total Bond Market ETFMSFTvs. Q3 2025SEC
Q3 2025Nov 6, 2025202$1.45BNVDAVanguard Total Bond Market ETFMSFTvs. Q2 2025SEC
Q2 2025Jul 11, 2025201$1.23BVanguard Total Bond Market ETFMSFTNVDAvs. Q1 2025SEC
Q1 2025Apr 8, 2025202$1.09BVanguard Total Bond Market ETFAAPLMSFTvs. Q4 2024SEC
Q4 2024Jan 23, 2025199$1.08BVanguard Total Bond Market ETFAAPLMSFTvs. Q3 2024SEC
Q3 2024Oct 21, 2024210$1.12BVanguard Total Bond Market ETFAAPLMSFTvs. Q2 2024SEC
Q2 2024Jul 19, 2024210$1.08BVanguard Total Bond Market ETFMSFTAAPLvs. Q1 2024SEC
Q1 2024Apr 11, 2024225$1.09BVanguard Total Bond Market ETFMSFTAAPL–SEC
Q3 2023Oct 17, 2023237$866.3MVanguard Total Bond Market ETFAAPLMSFTvs. Q2 2023SEC
Q2 2023Jul 11, 2023242$925.0MAAPLVanguard Total Bond Market ETFMSFTvs. Q1 2023SEC
Q1 2023Apr 7, 2023231$869.3MVanguard Total Bond Market ETFAAPLMSFTvs. Q4 2022SEC
Q4 2022Jan 27, 2023245$831.7MVanguard Total Bond Market ETFAAPLMSFTvs. Q3 2022SEC
Q3 2022Oct 17, 2022241$765.3MVanguard Total Bond Market ETFAAPLMSFTvs. Q2 2022SEC
Q2 2022Aug 8, 2022Amended252$818.0MVanguard Total Bond Market ETFAAPLMSFTvs. Q1 2022SEC
Q1 2022May 6, 2022259$1.01BVanguard Total Bond Market ETFAAPLMSFTvs. Q4 2021SEC
Q4 2021Feb 9, 2022258$1.01BVanguard Total Bond Market ETFAAPLMSFTvs. Q3 2021SEC
Q3 2021Nov 15, 2021202$891.4MVanguard Total Bond Market ETFAAPLMSFTvs. Q2 2021SEC
Q2 2021Aug 2, 2021215$878.3MVanguard Total Bond Market ETFAAPLMSFTvs. Q1 2021SEC
Q1 2021May 4, 2021231$895.6MVanguard Total Bond Market ETFAAPLMSFT–SEC