BTC Capital Management, Inc.

DES MOINES, IA · CIK 1611848 · 13F filing filed 2026-07-16

SEC-registered investment adviser since 2003 · corporation

Assets managed$4.6bn
Staff17 · 9 in investment roles
Main clients (by assets)Banks 80%, Charities 6%, Companies 5%
Form ADV · 2026-03-23SEC adviser record

Legal entityBTC CAPITAL MANAGEMENT, INC. (US)

Kindinstitutions
Others nearbyDes Moines, IA, Scottsdale, AZ, Cedar Rapids, IA

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Des Moines, IA (main office)United States	United States	about 7
Cedar Rapids, IAUnited States	United States	1
Scottsdale, AZUnited States	United States	1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$1.6bn reported value +11.5% vs Q1 2026

207positions

34.3%in top 10

12 new 102 added 63 reduced 12 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

BANKERS TRUST CO – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	383,269	$76.7m4.66%	4.66%	Added +11.1k	+11,100 3.0%
2	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	984,185	$72.2m4.38%	4.38%	Added +58.4k	+58,407 6.3%
3	APPLE INC COM AAPL	AAPL	245,369	$71.1m4.32%	4.32%	Added +5.0k	+5,022 2.1%
4	MICROSOFT CORP COM MSFT	MSFT	172,761	$64.5m3.92%	3.92%	Added +21.4k	+21,395 14.1%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	174,067	$62.3m3.78%	3.78%	Reduced -24.2k	-24,233 -12.2%
6	ISHARES TR MSCI EAFE ETF EFA	EFA	536,747	$55.8m3.39%	3.39%	Added +24.4k	+24,377 4.8%
7	ISHARES TR RUS 1000 GRW ETF IWF	IWF	358,431	$44.6m2.71%	2.71%	Added +5.9k	+5,879 1.7%
8	BROADCOM INC COM AVGO	AVGO	114,206	$43.1m2.62%	2.62%	Reduced -8.2k	-8,176 -6.7%
9	AMAZON COM INC COM AMZN	AMZN	175,342	$41.8m2.54%	2.54%	Added +16.5k	+16,506 10.4%
10	ISHARES TR RUS 1000 ETF IWB	IWB	81,262	$33.4m2.03%	2.03%	Added +10.0k	+10,016 14.1%
11	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	375,591	$32.4m1.96%	1.96%	Reduced -6.3k	-6,255 -1.6%
12	META PLATFORMS INC CL A META	META	50,696	$28.6m1.73%	1.73%	Added +1.6k	+1,562 3.2%
13	ISHARES TR RUS 1000 VAL ETF IWD	IWD	114,711	$27.8m1.69%	1.69%	Added +16.2k	+16,183 16.4%
14	WALMART INC COM WMT	WMT	225,500	$25.6m1.55%	1.55%	Reduced -9.3k	-9,274 -4.0%
15	ISHARES TR RUSSELL 2000 ETF IWM	IWM	79,974	$24.1m1.46%	1.46%	Added +2.0k	+2,029 2.6%
16	JPMORGAN CHASE & CO COM JPM	JPM	72,923	$23.9m1.45%	1.45%	Reduced -2.8k	-2,802 -3.7%
17	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	30,519	$23.3m1.41%	1.41%	Reduced -7.9k	-7,926 -20.6%
18	EXXON MOBIL CORP COM XOM	XOM	170,236	$23.3m1.41%	1.41%	Reduced -9.2k	-9,195 -5.1%
19	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	371,955	$22.2m1.35%	1.35%	Added +8.7k	+8,695 2.4%
20	ISHARES TR CORE S&P500 ETF IVV	IVV	26,614	$19.9m1.21%	1.21%	Reduced -313	-313 -1.2%
21	ABBVIE INC COM ABBV	ABBV	75,841	$19.1m1.16%	1.16%	Added +1.5k	+1,524 2.0%
22	JOHNSON & JOHNSON COM JNJ	JNJ	71,998	$18.3m1.11%	1.11%	Reduced -1.6k	-1,584 -2.1%
23	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	17,789	$17.2m1.04%	1.04%	Reduced -6.5k	-6,455 -26.6%
24	MICRON TECHNOLOGY INC COM MU	MU	14,756	$17.0m1.03%	1.03%	New
25	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	24,772	$17.0m1.03%	1.03%	Reduced -278	-278 -1.1%
26	PROCTER AND GAMBLE CO COM PG	PG	115,947	$17.0m1.03%	1.03%	Added +12.1k	+12,108 11.7%
27	MORGAN STANLEY COM NEW MS	MS	81,060	$16.9m1.03%	1.03%	Reduced -21.5k	-21,486 -20.9%
28	ELI LILLY & CO COM LLY	LLY	13,431	$16.1m0.98%	0.98%	Added +834	+834 6.6%
29	TJX COS INC NEW COM TJX	TJX	104,668	$15.9m0.96%	0.96%	Reduced -6.6k	-6,601 -5.9%
30	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	42,408	$15.7m0.95%	0.95%	Unchanged
31	TESLA INC COM TSLA	TSLA	37,195	$15.6m0.95%	0.95%	Added +8.8k	+8,790 30.9%
32	PARKER-HANNIFIN CORP COM PH	PH	15,950	$15.6m0.95%	0.95%	Added +7.8k	+7,814 96.0%
33	GILEAD SCIENCES INC COM GILD	GILD	113,516	$14.3m0.87%	0.87%	Added +1.6k	+1,584 1.4%
34	STEEL DYNAMICS INC COM STLD	STLD	61,303	$14.1m0.85%	0.85%	Reduced -11.4k	-11,361 -15.6%
35	DEERE & CO COM DE	DE	21,996	$14.0m0.85%	0.85%	Added +3.2k	+3,207 17.1%
36	MASTERCARD INCORPORATED CL A MA	MA	27,049	$13.9m0.84%	0.84%	Added +209	+209 0.8%
37	ISHARES TR NATIONAL MUN ETF MUB	MUB	123,247	$13.3m0.81%	0.81%	Added +19.2k	+19,209 18.5%
38	OUTFRONT MEDIA INC COM NEW OUT	OUT	399,298	$13.1m0.79%	0.79%	Added +206.2k	+206,162 106.7%
39	FASTENAL CO COM FAST	FAST	260,880	$12.5m0.76%	0.76%	Reduced -16.8k	-16,830 -6.1%
40	OREILLY AUTOMOTIVE INC COM ORLY	ORLY	120,001	$11.0m0.67%	0.67%	Reduced -130	-130 -0.1%
41	NORFOLK SOUTHN CORP COM NSC	NSC	35,073	$11.0m0.67%	0.67%	Added +730	+730 2.1%
42	VANGUARD INDEX FDS VALUE ETF VTV	VTV	50,516	$11.0m0.67%	0.67%	Reduced -2.1k	-2,146 -4.1%
43	EATON CORP PLC SHS ETN	ETN	25,505	$10.9m0.66%	0.66%	Reduced -321	-321 -1.2%
44	NEXTERA ENERGY INC COM NEE	NEE	123,259	$10.8m0.66%	0.66%	Added +3.0k	+3,018 2.5%
45	AMPHENOL CORP CL A APH	APH	60,792	$10.7m0.65%	0.65%	Added +1.6k	+1,606 2.7%
46	WELLS FARGO CO NEW COM WFC	WFC	128,450	$10.6m0.64%	0.64%	Reduced -24.6k	-24,639 -16.1%
47	JAZZ PHARMACEUTICALS PLC SHS USD JAZZ	JAZZ	43,653	$10.5m0.64%	0.64%	Reduced -81	-81 -0.2%
48	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	12,800	$9.4m0.57%	0.57%	Reduced -33	-33 -0.3%
49	GOLDMAN SACHS GROUP INC COM GS	GS	9,262	$9.4m0.57%	0.57%	Added +322	+322 3.6%
50	PROLOGIS INC. COM PLD	PLD	68,968	$9.3m0.57%	0.57%	Added +452	+452 0.7%
51	UNUM GROUP COM UNM	UNM	101,711	$9.1m0.55%	0.55%	Added +1.5k	+1,525 1.5%
52	MARRIOTT INTL INC NEW CL A MAR	MAR	24,357	$9.0m0.55%	0.55%	Reduced -287	-287 -1.2%
53	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	11,227	$8.4m0.51%	0.51%	Unchanged
54	HOME DEPOT INC COM HD	HD	23,559	$8.3m0.50%	0.50%	Added +542	+542 2.4%
55	LOWES COS INC COM LOW	LOW	37,447	$8.3m0.50%	0.50%	Added +6.0k	+6,048 19.3%
56	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	89,644	$8.2m0.50%	0.50%	Added +3.8k	+3,827 4.5%
57	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	27,571	$8.0m0.49%	0.49%	Added +37	+37 0.1%
58	ISHARES TR S&P 500 GRWT ETF IVW	IVW	57,140	$7.9m0.48%	0.48%	Reduced -50	-50 -0.1%
59	S&P GLOBAL INC COM SPGI	SPGI	19,615	$7.6m0.46%	0.46%	Added +1.8k	+1,790 10.0%
60	XCEL ENERGY INC COM XEL	XEL	93,406	$7.5m0.46%	0.46%	Reduced -7.2k	-7,218 -7.2%
61	ADVANCED MICRO DEVICES INC COM AMD	AMD	12,777	$7.4m0.45%	0.45%	New
62	NETFLIX INC COM NFLX	NFLX	102,769	$7.3m0.45%	0.45%	Added +3.7k	+3,732 3.8%
63	ISHARES TR RUSSELL 3000 ETF IWV	IWV	16,691	$7.1m0.43%	0.43%	Unchanged
64	ALLSTATE CORP COM ALL	ALL	29,809	$7.1m0.43%	0.43%	Added +314	+314 1.1%
65	CAPITAL ONE FINL CORP COM COF	COF	34,716	$7.0m0.42%	0.42%	Added +5.2k	+5,188 17.6%
66	SNAP ON INC COM SNA	SNA	17,097	$6.9m0.42%	0.42%	Added +431	+431 2.6%
67	GENERAL MTRS CO COM GM	GM	88,668	$6.8m0.41%	0.41%	Reduced -15.1k	-15,058 -14.5%
68	ORACLE CORP COM ORCL	ORCL	44,932	$6.6m0.40%	0.40%	Reduced -6.9k	-6,942 -13.4%
69	INVITATION HOMES INC COM INVH	INVH	215,448	$6.5m0.40%	0.40%	Added +6.9k	+6,895 3.3%
70	UNITEDHEALTH GROUP INC COM UNH	UNH	15,606	$6.5m0.39%	0.39%	New
71	CITIZENS FINL GROUP INC COM CFG	CFG	92,357	$6.5m0.39%	0.39%	Added +3.5k	+3,541 4.0%
72	WASTE MGMT INC DEL COM WM	WM	28,874	$6.4m0.39%	0.39%	Added +2.1k	+2,053 7.7%
73	SYNCHRONY FINANCIAL COM SYF	SYF	84,514	$6.4m0.39%	0.39%	Added +1.4k	+1,374 1.6%
74	VALERO ENERGY CORP COM VLO	VLO	24,139	$6.3m0.38%	0.38%	New
75	AMERIPRISE FINL INC COM AMP	AMP	13,610	$6.2m0.38%	0.38%	Reduced -1.4k	-1,407 -9.4%
76	BROOKFIELD CORP CL A LTD VT SH BN	BN	143,586	$6.1m0.37%	0.37%	Added +1.1k	+1,146 0.8%
77	COSTCO WHSL CORP NEW COM COST	COST	6,469	$6.1m0.37%	0.37%	Added +303	+303 4.9%
78	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	49,277	$6.1m0.37%	0.37%	Reduced -190	-190 -0.4%
79	T-MOBILE US INC COM TMUS	TMUS	35,763	$6.0m0.36%	0.36%	Added +5.7k	+5,661 18.8%
80	BROADSTONE NET LEASE INC COM BNL	BNL	277,450	$5.7m0.35%	0.35%	Added +10.4k	+10,432 3.9%
81	ENTERGY CORP NEW COM ETR	ETR	48,825	$5.6m0.34%	0.34%	Reduced -4.5k	-4,453 -8.4%
82	PHILLIPS 66 COM PSX	PSX	32,961	$5.6m0.34%	0.34%	Added +7.3k	+7,320 28.6%
83	STATE STR CORP COM STT	STT	32,850	$5.6m0.34%	0.34%	Reduced -219	-219 -0.7%
84	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	77,438	$5.5m0.33%	0.33%	Added +22.9k	+22,919 42.0%
85	GENERAL DYNAMICS CORP COM GD	GD	14,943	$5.3m0.32%	0.32%	Added +623	+623 4.3%
86	ISHARES TR RUS MID CAP ETF IWR	IWR	47,200	$5.2m0.32%	0.32%	Reduced -934	-934 -1.9%
87	MEDTRONIC PLC SHS MDT	MDT	64,820	$5.1m0.31%	0.31%	Reduced -7.4k	-7,364 -10.2%
88	EQUITABLE HLDGS INC COM EQH	EQH	110,081	$4.8m0.29%	0.29%	Added +3.3k	+3,292 3.1%
89	DOMINION ENERGY INC COM D	D	67,741	$4.6m0.28%	0.28%	Added +2.7k	+2,745 4.2%
90	ISHARES TR S&P 500 VAL ETF IVE	IVE	19,037	$4.3m0.26%	0.26%	Reduced -57	-57 -0.3%
91	UNILEVER PLC SPON ADR NEW UL	UL	68,516	$4.1m0.25%	0.25%	Added +8.2k	+8,232 13.7%
92	ORIX CORP SPONSORED ADR IX	IX	106,698	$4.1m0.25%	0.25%	Added +54.4k	+54,413 104.1%
93	UNITED RENTALS INC COM URI	URI	3,342	$3.8m0.23%	0.23%	Added +264	+264 8.6%
94	SPDR INDEX SHS FDS MSCI ACWI EXUS CWI	CWI	91,457	$3.7m0.23%	0.23%	Unchanged
95	UBS GROUP AG SHS UBS	UBS	74,765	$3.7m0.22%	0.22%	Added +2.1k	+2,144 3.0%
96	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	1,823	$3.6m0.22%	0.22%	Added +89	+89 5.1%
97	APPLIED MATLS INC COM AMAT	AMAT	4,504	$3.3m0.20%	0.20%	Reduced -32	-32 -0.7%
98	VANGUARD INDEX FDS SMALL CP ETF VB	VB	10,526	$3.2m0.19%	0.19%	Unchanged
99	SONY GROUP CORP SPONSORED ADR SONY	SONY	157,357	$3.2m0.19%	0.19%	Added +3.1k	+3,125 2.0%
100	SUMITOMO MITSUI FINL GROUP I SPONSORED ADR SMFG	SMFG	127,667	$3.0m0.18%	0.18%	Added +5.1k	+5,108 4.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		13,202	$6.0m13.2k shares
LEIDOS HOLDINGS INC LDOS	LDOS	34,386	$5.3m34.4k shares
COTERRA ENERGY INC CTRA	CTRA	151,081	$5.3m151.1k shares
BOSTON SCIENTIFIC CORP BSX	BSX	84,238	$5.3m84.2k shares
SS&C TECHNOLOGIES HLDGS INC SSNC	SSNC	74,198	$5.0m74.2k shares
NICE LTD NICE	NICE	13,286	$1.5m13.3k shares
AMERICAN WTR CAP CORP AWK 3.625 06.15.26	AWK 3.625 06.15.26	1,000,000	$997.8k1.0m shares
CACI INTL INC CACI	CACI	900	$489.5k900 shares
HURON CONSULTING GROUP INC HURN	HURN	3,235	$412.4k3.2k shares
INTERNATIONAL BUSINESS MACHS IBM	IBM	1,612	$390.7k1.6k shares
SPIRE INC SR	SR	3,719	$336.7k3.7k shares
ABBOTT LABS ABT	ABT	2,113	$216.9k2.1k shares