Btc Capital Management 13F annual report
Btc Capital Management is an investment fund managing more than $1.07 trillion ran by Paul Larsen. There are currently 180 companies in Mr. Larsen’s portfolio. The largest investments include Vanguard Bd Index Fds and Microsoft, together worth $97.8 billion.
$1.07 trillion Assets Under Management (AUM)
As of 12th July 2024, Btc Capital Management’s top holding is 694,335 shares of Vanguard Bd Index Fds currently worth over $50 billion and making up 4.7% of the portfolio value.
In addition, the fund holds 106,966 shares of Microsoft worth $47.8 billion, whose value grew 10.5% in the past six months.
The third-largest holding is Apple Inc worth $45.1 billion and the next is NVIDIA Corp worth $39 billion, with 315,350 shares owned.
Currently, Btc Capital Management's portfolio is worth at least $1.07 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Btc Capital Management
The Btc Capital Management office and employees reside in Des Moines, Iowa. According to the last 13-F report filed with the SEC, Paul Larsen serves as the Chief Compliance Officer at Btc Capital Management.
Recent trades
In the most recent 13F filing, Btc Capital Management revealed that it had opened a new position in
Vertex Pharmaceuticals and bought 10,320 shares worth $4.84 billion.
This means they effectively own approximately 0.1% of the company.
Vertex Pharmaceuticals makes up
8.6%
of the fund's Health Care sector allocation and has grown its share price by 36.1% in the past year.
The investment fund also strengthened its position in Vanguard Bd Index Fds by buying
128,936 additional shares.
This makes their stake in Vanguard Bd Index Fds total 694,335 shares worth $50 billion.
On the other hand, there are companies that Btc Capital Management is getting rid of from its portfolio.
Btc Capital Management closed its position in Bristol-Myers Squibb Co on 19th July 2024.
It sold the previously owned 92,514 shares for $5.37 billion.
Paul Larsen also disclosed a decreased stake in Apple Inc by approximately 0.1%.
This leaves the value of the investment at $45.1 billion and 213,985 shares.
One of the average hedge funds
The two most similar investment funds to Btc Capital Management are A16z Perennial Management, L.P. and Cyndeo Wealth Partners. They manage $1.07 trillion and $1.07 trillion respectively.
Paul Larsen investment strategy
Btc Capital Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 21.0% of
the total portfolio value.
The fund focuses on investments in the United States as
54.4% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
44% of the total holdings value.
On the other hand, small-cap stocks make up only 2.2% of the portfolio.
The average market cap of the portfolio companies is close to $137 billion.
The complete list of Btc Capital Management trades based on 13F SEC filings
These positions were updated on July 19th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Vanguard Bd Index Fds |
22.80%
694,335
|
$50,030,731,000 | 4.67% |
| Microsoft Corporation |
0.90%
106,966
|
$47,808,476,000 | 4.46% |
| Apple Inc |
5.51%
213,985
|
$45,069,522,000 | 4.21% |
| NVIDIA Corp |
1,399.03%
315,350
|
$38,958,337,000 | 3.64% |
| Ishares Tr |
13.42%
1,057,179
|
$168,575,384,000 | 15.74% |
| Alphabet Inc |
6.14%
161,099
|
$29,344,203,000 | 2.74% |
| Amazon.com Inc. |
13.79%
125,519
|
$24,256,611,000 | 2.26% |
| Broadcom Inc. |
6.79%
14,076
|
$22,599,439,000 | 2.11% |
| Walmart Inc |
185.05%
251,466
|
$17,026,779,000 | 1.59% |
| Jpmorgan Chase Co. |
17.94%
83,574
|
$16,903,669,000 | 1.58% |
| Vanguard Index Fds |
0.37%
164,209
|
$38,002,084,000 | 3.55% |
| Lam Research Corp. |
3.48%
14,744
|
$15,700,157,000 | 1.47% |
| Meta Platforms Inc |
0.06%
28,786
|
$14,514,488,000 | 1.36% |
| Exxon Mobil Corp. |
142.47%
118,643
|
$13,658,063,000 | 1.28% |
| Vanguard Intl Equity Index F |
10.13%
356,380
|
$16,950,671,000 | 1.58% |
| Johnson Johnson |
6.02%
89,218
|
$13,040,109,000 | 1.22% |
| Procter And Gamble Co |
1.14%
77,607
|
$12,798,949,000 | 1.20% |
| Crowdstrike Holdings Inc |
17.92%
32,264
|
$12,363,252,000 | 1.15% |
| Abbvie Inc |
5.27%
71,068
|
$12,189,589,000 | 1.14% |
| Mastercard Incorporated |
7.16%
25,522
|
$11,259,287,000 | 1.05% |
| Chevron Corp. |
6.71%
68,235
|
$10,673,334,000 | 1.00% |
| Steel Dynamics Inc. |
2.97%
82,266
|
$10,653,576,000 | 0.99% |
| Morgan Stanley |
2.23%
109,309
|
$10,623,742,000 | 0.99% |
| Pepsico Inc |
3.59%
64,310
|
$10,606,648,000 | 0.99% |
| Adobe Inc |
18.44%
19,003
|
$10,556,925,000 | 0.99% |
| Wells Fargo Co New |
12.82%
175,762
|
$10,438,498,000 | 0.97% |
| Blackrock Inc. |
6.20%
13,056
|
$10,279,280,000 | 0.96% |
| Oracle Corp. |
798.26%
68,717
|
$9,702,838,000 | 0.91% |
| Merck Co Inc |
5.43%
73,495
|
$9,098,684,000 | 0.85% |
| Intuit Inc |
19.81%
13,802
|
$9,070,807,000 | 0.85% |
| Fastenal Co. |
11.42%
144,132
|
$9,057,254,000 | 0.85% |
| Norfolk Southn Corp |
1.63%
39,984
|
$8,584,156,000 | 0.80% |
| Deere Co |
10.80%
22,856
|
$8,539,691,000 | 0.80% |
| Tjx Cos Inc New |
31.23%
76,166
|
$8,385,901,000 | 0.78% |
| Fiserv, Inc. |
5.76%
55,884
|
$8,328,936,000 | 0.78% |
| NextEra Energy Inc |
0.79%
115,552
|
$8,182,247,000 | 0.76% |
| Unitedhealth Group Inc |
5.78%
15,788
|
$8,040,198,000 | 0.75% |
| Prologis Inc |
14.86%
71,152
|
$7,991,084,000 | 0.75% |
| Spdr Sp 500 Etf Tr |
No change
14,627
|
$7,960,306,000 | 0.74% |
| Oreilly Automotive Inc |
8.15%
7,475
|
$7,894,009,000 | 0.74% |
| Fedex Corp |
19.77%
25,873
|
$7,757,756,000 | 0.72% |
| Thermo Fisher Scientific Inc. |
3.89%
13,340
|
$7,377,020,000 | 0.69% |
| Marriott Intl Inc New |
5.83%
30,010
|
$7,255,511,000 | 0.68% |
| Intercontinental Exchange In |
0.63%
51,970
|
$7,114,168,000 | 0.66% |
| L3Harris Technologies Inc |
13.40%
31,148
|
$6,995,219,000 | 0.65% |
| Lowes Cos Inc |
32.25%
31,389
|
$6,920,032,000 | 0.65% |
| Eli Lilly Co |
310.32%
7,554
|
$6,839,258,000 | 0.64% |
| Danaher Corp. |
7.06%
26,471
|
$6,613,783,000 | 0.62% |
| Pulte Group Inc |
1.86%
58,753
|
$6,468,731,000 | 0.60% |
| T-Mobile US Inc |
8.37%
35,397
|
$6,236,253,000 | 0.58% |
| General Mtrs Co |
21.62%
127,937
|
$5,943,953,000 | 0.55% |
| Xcel Energy Inc. |
25.32%
109,061
|
$5,824,959,000 | 0.54% |
| Disney Walt Co |
9.38%
57,613
|
$5,720,401,000 | 0.53% |
| Otis Worldwide Corporation |
4.49%
57,777
|
$5,561,613,000 | 0.52% |
| Regions Financial Corp. |
28.37%
276,529
|
$5,541,650,000 | 0.52% |
| Marathon Pete Corp |
6.79%
31,935
|
$5,540,087,000 | 0.52% |
| Allstate Corp (The) |
4.39%
33,911
|
$5,414,240,000 | 0.51% |
| Bristol-Myers Squibb Co. |
Closed
92,514
|
$5,369,514,000 | |
| Axcelis Technologies Inc |
Closed
32,604
|
$5,315,592,000 | |
| Sp Global Inc |
8.09%
11,857
|
$5,288,222,000 | 0.49% |
| Gilead Sciences, Inc. |
2.48%
75,519
|
$5,181,356,000 | 0.48% |
| Vertex Pharmaceuticals, Inc. |
Opened
10,320
|
$4,837,181,000 | 0.45% |
| Ameriprise Finl Inc |
20.22%
10,891
|
$4,652,523,000 | 0.43% |
| Valero Energy Corp. |
28.81%
29,015
|
$4,548,392,000 | 0.42% |
| Pioneer Nat Res Co |
Closed
19,610
|
$4,501,492,000 | |
| Home Depot, Inc. |
24.37%
12,745
|
$4,387,336,000 | 0.41% |
| Cisco Sys Inc |
49.78%
91,371
|
$4,341,041,000 | 0.41% |
| Emerson Elec Co |
19.70%
38,583
|
$4,250,302,000 | 0.40% |
| Unum Group |
3.37%
79,119
|
$4,043,765,000 | 0.38% |
| Nike, Inc. |
49.54%
50,514
|
$3,807,253,000 | 0.36% |
| Honeywell International Inc |
16.42%
16,209
|
$3,461,274,000 | 0.32% |
| Synchrony Financial |
19.60%
73,237
|
$3,456,056,000 | 0.32% |
| Snap-on, Inc. |
10.51%
12,791
|
$3,343,441,000 | 0.31% |
| Archer Daniels Midland Co. |
Closed
41,529
|
$3,132,129,000 | |
| Medtronic Plc |
7.86%
39,522
|
$3,110,773,000 | 0.29% |
| Vanguard Tax-managed Fds |
13.85%
53,551
|
$2,646,490,000 | 0.25% |
| Entergy Corp. |
10.38%
24,190
|
$2,588,330,000 | 0.24% |
| Microchip Technology, Inc. |
0.27%
28,246
|
$2,584,527,000 | 0.24% |
| Equitable Holdings, Inc. |
18.39%
62,735
|
$2,563,351,000 | 0.24% |
| Spdr Index Shs Fds |
No change
89,586
|
$2,536,180,000 | 0.24% |
| FMC Corp. |
Closed
34,389
|
$2,303,022,000 | |
| Vici Pptys Inc |
Closed
78,782
|
$2,292,556,000 | |
| TotalEnergies SE |
3.86%
32,344
|
$2,156,695,000 | 0.20% |
| Sumitomo Mitsui Finl Group I |
19.60%
158,700
|
$2,128,167,000 | 0.20% |
| Verizon Communications Inc |
15.31%
51,536
|
$2,125,340,000 | 0.20% |
| Comcast Corp New |
73.65%
53,066
|
$2,078,068,000 | 0.19% |
| Invesco Exchange Traded Fd T |
No change
12,000
|
$1,971,360,000 | 0.18% |
| Broadstone Net Lease, Inc. |
26.03%
121,615
|
$1,930,030,000 | 0.18% |
| United Parcel Service, Inc. |
5.92%
13,612
|
$1,862,804,000 | 0.17% |
| Dominion Energy Inc |
14.74%
37,954
|
$1,859,746,000 | 0.17% |
| Invitation Homes Inc |
54.45%
51,346
|
$1,842,810,000 | 0.17% |
| Berkshire Hathaway Inc. |
19.07%
1,617
|
$2,493,298,000 | 0.23% |
| Unilever plc |
2.66%
33,265
|
$1,829,243,000 | 0.17% |
| Target Corp |
Closed
16,324
|
$1,804,943,000 | |
| Host Hotels Resorts Inc |
Opened
94,171
|
$1,693,196,000 | 0.16% |
| Nexstar Media Group Inc |
10.82%
10,001
|
$1,660,261,000 | 0.16% |
| Rio Tinto plc |
11.49%
24,853
|
$1,638,557,000 | 0.15% |
| Orix Corporation |
5.97%
14,062
|
$1,565,104,000 | 0.15% |
| Novo-nordisk A S |
36.95%
10,545
|
$1,505,197,000 | 0.14% |
| ING Groep N.V. |
No change
84,922
|
$1,455,563,000 | 0.14% |
| Turkcell Iletisim Hizmetleri |
Opened
182,554
|
$1,383,758,000 | 0.13% |
| Shell Plc |
5.66%
19,004
|
$1,371,712,000 | 0.13% |
| Citizens Finl Group Inc |
37.10%
37,730
|
$1,359,412,000 | 0.13% |
| Eastman Chem Co |
26.98%
13,588
|
$1,331,218,000 | 0.12% |
| Novartis AG |
7.83%
12,481
|
$1,328,728,000 | 0.12% |
| AMGEN Inc. |
Opened
4,222
|
$1,319,168,000 | 0.12% |
| Sanofi |
29.34%
27,064
|
$1,313,148,000 | 0.12% |
| Honda Motor |
9.33%
40,290
|
$1,298,949,000 | 0.12% |
| General Dynamics Corp. |
Opened
4,338
|
$1,258,634,000 | 0.12% |
| Tesla Inc |
71.33%
6,179
|
$1,222,702,000 | 0.11% |
| Sony Group Corp |
9.57%
13,755
|
$1,168,486,000 | 0.11% |
| Intuitive Surgical Inc |
21.63%
2,536
|
$1,128,140,000 | 0.11% |
| Applied Matls Inc |
10.58%
4,554
|
$1,074,699,000 | 0.10% |
| Mitsubishi Ufj Finl Group In |
2.35%
97,809
|
$1,056,336,000 | 0.10% |
| Asml Holding N V |
39.53%
1,008
|
$1,030,912,000 | 0.10% |
| UBS Group AG |
18.78%
34,820
|
$1,028,584,000 | 0.10% |
| Magna International Inc. |
42.31%
22,907
|
$959,807,000 | 0.09% |
| Bank Ozk Little Rock Ark |
18.55%
22,504
|
$922,664,000 | 0.09% |
| Stryker Corp. |
14.25%
2,710
|
$922,082,000 | 0.09% |
| Progressive Corp. |
8.24%
4,402
|
$914,340,000 | 0.09% |
| United Rentals, Inc. |
1.30%
1,363
|
$881,495,000 | 0.08% |
| Check Point Software Tech Lt |
0.63%
5,277
|
$870,705,000 | 0.08% |
| Bank America Corp |
1.24%
20,248
|
$805,262,000 | 0.08% |
| ServiceNow Inc |
14.16%
1,008
|
$792,964,000 | 0.07% |
| Uber Technologies Inc |
23.34%
10,010
|
$727,526,000 | 0.07% |
| Janus Henderson Group plc |
0.92%
21,215
|
$715,158,000 | 0.07% |
| Delta Air Lines, Inc. |
4.17%
14,801
|
$702,160,000 | 0.07% |
| Chipotle Mexican Grill |
4,251.18%
11,052
|
$692,414,000 | 0.06% |
| Emcor Group, Inc. |
16.18%
1,870
|
$682,699,000 | 0.06% |
| NICE Ltd |
3.38%
3,912
|
$672,743,000 | 0.06% |
| Southern Mo Bancorp Inc |
43.05%
14,645
|
$659,172,000 | 0.06% |
| American Tower Corp. |
36.49%
3,262
|
$634,067,000 | 0.06% |
| Warrior Met Coal Inc |
6.40%
9,395
|
$589,727,000 | 0.06% |
| Ishares Silver Tr |
No change
22,000
|
$584,540,000 | 0.05% |
| Equinix Inc |
8.36%
765
|
$578,799,000 | 0.05% |
| Mueller Inds Inc |
46.49%
9,907
|
$564,102,000 | 0.05% |
| Belden Inc |
Closed
5,802
|
$560,185,000 | |
| Healthequity Inc |
31.19%
6,457
|
$556,595,000 | 0.05% |
| Caci International Inc. |
6.53%
1,257
|
$540,676,000 | 0.05% |
| Primerica Inc |
2.27%
2,193
|
$518,823,000 | 0.05% |
| ANI Pharmaceuticals Inc |
28.85%
8,110
|
$516,447,000 | 0.05% |
| Mcdonalds Corp |
1.85%
1,961
|
$499,741,000 | 0.05% |
| Lantheus Holdings Inc |
Closed
7,136
|
$495,809,000 | |
| Ansys Inc. |
25.20%
1,540
|
$495,116,000 | 0.05% |
| Union Pac Corp |
No change
2,164
|
$489,627,000 | 0.05% |
| Murphy USA Inc |
Opened
1,006
|
$472,280,000 | 0.04% |
| Comfort Sys Usa Inc |
31.10%
1,511
|
$459,524,000 | 0.04% |
| Corning, Inc. |
Closed
14,956
|
$455,711,000 | |
| Bjs Whsl Club Hldgs Inc |
Closed
6,340
|
$452,488,000 | |
| Block Inc |
20.11%
7,006
|
$451,816,000 | 0.04% |
| CVR Energy Inc |
12.31%
16,665
|
$446,124,000 | 0.04% |
| Zoetis Inc |
92.73%
2,551
|
$442,243,000 | 0.04% |
| Westlake Corporation |
1.61%
3,049
|
$441,558,000 | 0.04% |
| Viper Energy Inc |
Closed
15,672
|
$436,937,000 | |
| Schlumberger Ltd. |
15.85%
9,174
|
$432,835,000 | 0.04% |
| Progress Software Corp. |
20.04%
7,967
|
$432,290,000 | 0.04% |
| ON Semiconductor Corp. |
Closed
4,613
|
$428,780,000 | |
| Revvity Inc. |
Closed
3,823
|
$423,207,000 | |
| Chemed Corp. |
6.71%
778
|
$422,126,000 | 0.04% |
| H E Equipment Services Inc |
11.30%
9,502
|
$419,704,000 | 0.04% |
| CVS Health Corp |
92.54%
7,095
|
$419,034,000 | 0.04% |
| Live Nation Entertainment In |
2.39%
4,421
|
$414,425,000 | 0.04% |
| Pinnacle Finl Partners Inc |
0.82%
5,175
|
$414,207,000 | 0.04% |
| Builders Firstsource Inc |
8.82%
2,899
|
$401,250,000 | 0.04% |
| Blackstone Inc |
No change
3,180
|
$393,684,000 | 0.04% |
| Wingstop Inc |
36.09%
912
|
$385,466,000 | 0.04% |
| Grand Canyon Ed Inc |
2.36%
2,693
|
$376,776,000 | 0.04% |
| Visa Inc |
Closed
1,599
|
$367,787,000 | |
| Ligand Pharmaceuticals, Inc. |
2.67%
4,269
|
$359,705,000 | 0.03% |
| Super Micro Computer Inc |
Opened
429
|
$351,501,000 | 0.03% |
| Stonex Group Inc |
51.33%
4,552
|
$342,056,000 | 0.03% |
| Hancock Whitney Corp. |
4.94%
7,047
|
$337,057,000 | 0.03% |
| Community Tr Bancorp Inc |
3.75%
7,568
|
$330,420,000 | 0.03% |
| Performance Food Group Company |
10.46%
4,855
|
$320,966,000 | 0.03% |
| Exelixis Inc |
Opened
14,259
|
$320,401,000 | 0.03% |
| Levi Strauss Co New |
0.10%
16,441
|
$316,982,000 | 0.03% |
| Home Bancshares Inc |
5.93%
13,149
|
$315,051,000 | 0.03% |
| American Express Co. |
2.03%
1,348
|
$312,129,000 | 0.03% |
| Taylor Morrison Home Corp. |
8.31%
5,585
|
$309,632,000 | 0.03% |
| Oxford Inds Inc |
7.57%
2,998
|
$300,253,000 | 0.03% |
| Teledyne Technologies Inc |
92.43%
746
|
$289,440,000 | 0.03% |
| Rlj Lodging Tr |
12.38%
29,980
|
$288,706,000 | 0.03% |
| Sanmina Corp |
Closed
5,316
|
$288,550,000 | |
| Epr Pptys |
9.80%
6,866
|
$288,237,000 | 0.03% |
| Cogent Communications Hldgs |
20.01%
5,056
|
$285,361,000 | 0.03% |
| Wp Carey Inc |
18.74%
5,068
|
$278,995,000 | 0.03% |
| Coca-Cola Co |
2.48%
4,359
|
$277,451,000 | 0.03% |
| QuidelOrtho Corporation |
Closed
3,766
|
$275,066,000 | |
| Lithia Mtrs Inc |
Closed
922
|
$272,296,000 | |
| Moderna Inc |
Closed
2,589
|
$267,418,000 | |
| Digital Rlty Tr Inc |
Closed
2,182
|
$264,066,000 | |
| LGI Homes Inc |
Closed
2,626
|
$261,259,000 | |
| Alaska Air Group Inc. |
Closed
7,037
|
$260,930,000 | |
| Patrick Inds Inc |
21.56%
2,401
|
$260,628,000 | 0.02% |
| Iron Mtn Inc Del |
Closed
4,255
|
$252,960,000 | |
| Stag Indl Inc |
Closed
7,251
|
$250,232,000 | |
| Centerspace |
Closed
4,112
|
$247,789,000 | |
| BRT Apartments Corp |
Closed
14,297
|
$246,911,000 | |
| Global Net Lease Inc |
Closed
25,116
|
$241,365,000 | |
| TD Synnex Corp |
Opened
2,077
|
$239,686,000 | 0.02% |
| Douglas Dynamics Inc |
Closed
7,662
|
$231,238,000 | |
| PotlatchDeltic Corp |
Closed
5,086
|
$230,854,000 | |
| Power Integrations Inc. |
Closed
2,983
|
$227,634,000 | |
| Crown Castle Inc |
Closed
2,403
|
$221,148,000 | |
| Bluelinx Hldgs Inc |
10.08%
2,354
|
$219,133,000 | 0.02% |
| Southwest Gas Holdings Inc |
Opened
3,104
|
$218,458,000 | 0.02% |
| Catalyst Pharmaceuticals Inc |
Closed
18,639
|
$217,888,000 | |
| Air Prods Chems Inc |
No change
825
|
$212,891,000 | 0.02% |
| Asbury Automotive Group Inc |
Opened
932
|
$212,373,000 | 0.02% |
| Healthpeak Properties Inc. |
Closed
11,539
|
$211,856,000 | |
| Alexandria Real Estate Eq In |
Closed
2,111
|
$211,311,000 | |
| Spire Inc. |
Opened
3,374
|
$204,900,000 | 0.02% |
| Highwoods Pptys Inc |
Closed
9,918
|
$204,410,000 | |
| Verint Sys Inc |
Closed
8,861
|
$203,711,000 | |
| Williams-Sonoma, Inc. |
Closed
1,290
|
$200,464,000 | |
| Easterly Govt Pptys Inc |
Closed
14,735
|
$168,421,000 | |
| Global Med Reit Inc |
Closed
13,923
|
$124,889,000 | |
| Agnc Invt Corp |
No change
12,000
|
$114,480,000 | 0.01% |
| New York Cmnty Bancorp Inc |
No change
10,000
|
$32,200,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 219 holdings | |||
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