Narwhal Capital Management as of Sept. 30, 2025
Portfolio Holdings for Narwhal Capital Management
Narwhal Capital Management holds 163 positions in its portfolio as reported in the September 2025 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Ishares Tr Core S&p500 Etf (IVV) | 10.1 | $137M | 204k | 669.30 | |
| NVIDIA Corporation (NVDA) | 7.0 | $95M | 509k | 186.58 | |
| Microsoft Corporation (MSFT) | 6.0 | $81M | 156k | 517.95 | |
| Apple (AAPL) | 5.1 | $69M | 273k | 254.63 | |
| Alphabet Cap Stk Cl C (GOOG) | 5.1 | $69M | 284k | 243.55 | |
| Ishares Gold Tr Ishares New (IAU) | 3.6 | $49M | 672k | 72.77 | |
| Amazon (AMZN) | 3.4 | $47M | 212k | 219.57 | |
| Vulcan Materials Company (VMC) | 3.0 | $41M | 133k | 307.62 | |
| JPMorgan Chase & Co. (JPM) | 3.0 | $40M | 128k | 315.43 | |
| Meta Platforms Cl A (META) | 2.8 | $38M | 51k | 734.38 | |
| Home Depot (HD) | 1.8 | $25M | 61k | 405.19 | |
| Blackrock (BLK) | 1.8 | $24M | 21k | 1165.90 | |
| Goldman Sachs (GS) | 1.6 | $21M | 27k | 796.36 | |
| Visa Com Cl A (V) | 1.5 | $20M | 60k | 341.38 | |
| American Express Company (AXP) | 1.5 | $20M | 59k | 332.16 | |
| Ishares Tr S&p 500 Val Etf (IVE) | 1.4 | $19M | 93k | 206.51 | |
| Lockheed Martin Corporation (LMT) | 1.3 | $18M | 37k | 499.21 | |
| Johnson & Johnson (JNJ) | 1.3 | $18M | 96k | 185.42 | |
| Eli Lilly & Co. (LLY) | 1.3 | $18M | 23k | 763.00 | |
| L3harris Technologies (LHX) | 1.1 | $15M | 50k | 305.41 | |
| Broadcom (AVGO) | 1.1 | $15M | 46k | 329.91 | |
| Analog Devices (ADI) | 1.1 | $15M | 60k | 245.70 | |
| Ishares Tr Rus 1000 Grw Etf (IWF) | 1.1 | $15M | 31k | 468.41 | |
| Raytheon Technologies Corp (RTX) | 1.0 | $14M | 81k | 167.33 | |
| Nextera Energy (NEE) | 1.0 | $13M | 176k | 75.49 | |
| General Dynamics Corporation (GD) | 0.9 | $13M | 37k | 341.00 | |
| Procter & Gamble Company (PG) | 0.9 | $13M | 83k | 153.65 | |
| Philip Morris International (PM) | 0.9 | $12M | 77k | 162.20 | |
| Oracle Corporation (ORCL) | 0.9 | $12M | 43k | 281.24 | |
| AvalonBay Communities (AVB) | 0.9 | $12M | 61k | 193.17 | |
| Blackstone Group Inc Com Cl A (BX) | 0.9 | $12M | 69k | 170.85 | |
| Exxon Mobil Corporation (XOM) | 0.9 | $12M | 104k | 112.75 | |
| Merck & Co (MRK) | 0.8 | $11M | 136k | 83.93 | |
| Cisco Systems (CSCO) | 0.8 | $11M | 165k | 68.42 | |
| Caterpillar (CAT) | 0.8 | $11M | 23k | 477.15 | |
| Northrop Grumman Corporation (NOC) | 0.7 | $10M | 16k | 609.32 | |
| Abbott Laboratories (ABT) | 0.7 | $9.6M | 72k | 133.94 | |
| Pepsi (PEP) | 0.7 | $9.5M | 68k | 140.44 | |
| Canadian Pacific Kansas City (CP) | 0.7 | $9.2M | 124k | 74.49 | |
| Blackrock Mun Target Term Tr Com Shs Ben In (BTT) | 0.6 | $8.7M | 389k | 22.46 | |
| Valero Energy Corporation (VLO) | 0.6 | $8.7M | 51k | 170.26 | |
| Qualcomm (QCOM) | 0.6 | $8.1M | 49k | 166.36 | |
| Invesco Qqq Tr Unit Ser 1 (QQQ) | 0.6 | $7.5M | 12k | 600.37 | |
| Relx Sponsored Adr (RELX) | 0.5 | $7.3M | 154k | 47.76 | |
| Cincinnati Financial Corporation (CINF) | 0.5 | $7.1M | 45k | 158.10 | |
| Mueller Industries (MLI) | 0.5 | $7.1M | 70k | 101.11 | |
| Ishares Tr S&p 500 Grwt Etf (IVW) | 0.5 | $6.8M | 56k | 120.72 | |
| Novartis Sponsored Adr (NVS) | 0.5 | $6.7M | 52k | 128.24 | |
| CRH Ord (CRH) | 0.5 | $6.1M | 51k | 119.90 | |
| Bwx Technologies (BWXT) | 0.4 | $5.9M | 32k | 184.37 | |
| Select Sector Spdr Tr Technology (XLK) | 0.4 | $5.9M | 21k | 281.86 | |
| Domino's Pizza (DPZ) | 0.4 | $5.6M | 13k | 431.71 | |
| Starbucks Corporation (SBUX) | 0.4 | $5.4M | 64k | 84.60 | |
| Chevron Corporation (CVX) | 0.4 | $5.3M | 34k | 155.29 | |
| Constellation Energy (CEG) | 0.4 | $5.2M | 16k | 329.07 | |
| Spdr Dow Jones Indl Average Ut Ser 1 (DIA) | 0.4 | $5.1M | 11k | 463.74 | |
| Gra (GGG) | 0.4 | $5.0M | 59k | 84.96 | |
| Costco Wholesale Corporation (COST) | 0.4 | $4.9M | 5.3k | 925.63 | |
| Schlumberger Com Stk (SLB) | 0.3 | $4.7M | 137k | 34.37 | |
| Garmin SHS (GRMN) | 0.3 | $4.7M | 19k | 246.22 | |
| Ufp Industries (UFPI) | 0.3 | $4.6M | 49k | 93.49 | |
| Kinder Morgan (KMI) | 0.3 | $4.3M | 151k | 28.31 | |
| Etfs Gold Tr Physcl Gold Shs (SGOL) | 0.3 | $4.3M | 116k | 36.81 | |
| Tesla Motors (TSLA) | 0.3 | $4.2M | 9.5k | 444.72 | |
| Simplify Exchange Traded Fun Mbs Etf (MTBA) | 0.3 | $4.1M | 82k | 50.35 | |
| Entegris (ENTG) | 0.3 | $3.9M | 42k | 92.46 | |
| Berkshire Hathaway Inc Del Cl A (BRK.A) | 0.3 | $3.8M | 5.00 | 754200.00 | |
| Spdr Gold Tr Gold Shs (GLD) | 0.3 | $3.7M | 10k | 355.47 | |
| Murphy Usa (MUSA) | 0.2 | $3.3M | 8.6k | 388.26 | |
| First Tr High Yield Opprt 20 (FTHY) | 0.2 | $3.2M | 223k | 14.49 | |
| Adobe Systems Incorporated (ADBE) | 0.2 | $3.2M | 8.9k | 352.75 | |
| Hca Holdings (HCA) | 0.2 | $3.0M | 7.0k | 426.20 | |
| Ishares Tr Select Divid Etf (DVY) | 0.2 | $3.0M | 21k | 142.10 | |
| Spdr Series Trust S&p Divid Etf (SDY) | 0.2 | $2.9M | 21k | 140.05 | |
| Copart (CPRT) | 0.2 | $2.9M | 65k | 44.97 | |
| CoStar (CSGP) | 0.2 | $2.8M | 33k | 84.37 | |
| Constellation Brands Cl A (STZ) | 0.2 | $2.7M | 20k | 134.67 | |
| UnitedHealth (UNH) | 0.2 | $2.5M | 7.3k | 345.30 | |
| Ishares Tr Core S&p Scp Etf (IJR) | 0.2 | $2.4M | 21k | 118.83 | |
| Wal-Mart Stores (WMT) | 0.2 | $2.3M | 23k | 103.06 | |
| Zoetis Cl A (ZTS) | 0.2 | $2.3M | 16k | 146.32 | |
| Deere & Company (DE) | 0.1 | $2.0M | 4.4k | 457.26 | |
| Wisdomtree Tr Us Qtly Div Grt (DGRW) | 0.1 | $1.9M | 22k | 88.96 | |
| Natera (NTRA) | 0.1 | $1.9M | 12k | 160.97 | |
| Servicenow (NOW) | 0.1 | $1.8M | 2.0k | 920.28 | |
| Micron Technology (MU) | 0.1 | $1.7M | 10k | 167.32 | |
| Exelon Corporation (EXC) | 0.1 | $1.7M | 37k | 45.01 | |
| Invesco Exch Traded Fd Tr Ii S&p 500 Momntm (SPMO) | 0.1 | $1.7M | 14k | 121.06 | |
| At&t (T) | 0.1 | $1.5M | 54k | 28.24 | |
| Unilever Spon Adr New (UL) | 0.1 | $1.5M | 25k | 59.28 | |
| Nexpoint Residential Tr (NXRT) | 0.1 | $1.4M | 44k | 32.22 | |
| Spdr S&p 500 Etf Tr Tr Unit (SPY) | 0.1 | $1.3M | 2.0k | 666.18 | |
| Taiwan Semiconductor Mfg Sponsored Ads (TSM) | 0.1 | $1.3M | 4.6k | 279.29 | |
| Oneok (OKE) | 0.1 | $1.3M | 17k | 72.97 | |
| Rh (RH) | 0.1 | $1.1M | 5.3k | 203.16 | |
| Entergy Corporation (ETR) | 0.1 | $1.1M | 12k | 93.19 | |
| Nov (NOV) | 0.1 | $1.1M | 80k | 13.25 | |
| Metropcs Communications (TMUS) | 0.1 | $1.0M | 4.3k | 239.38 | |
| Schwab Strategic Tr Us Dividend Eq (SCHD) | 0.1 | $989k | 36k | 27.30 | |
| Ishares Tr Rus Mid Cap Etf (IWR) | 0.1 | $988k | 10k | 96.55 | |
| Select Sector Spdr Tr Sbi Int-utils (XLU) | 0.1 | $973k | 11k | 87.21 | |
| Delta Air Lines Inc Del Com New (DAL) | 0.1 | $956k | 17k | 56.75 | |
| Ishares Tr S&p Mc 400vl Etf (IJJ) | 0.1 | $898k | 6.9k | 129.72 | |
| Vanguard Index Fds Growth Etf (VUG) | 0.1 | $863k | 1.8k | 479.61 | |
| First Tr Exchange-traded Intermediate Gov (MGOV) | 0.1 | $840k | 41k | 20.47 | |
| Vanguard World Industrial Etf (VIS) | 0.1 | $829k | 2.8k | 296.29 | |
| Select Sector Spdr Tr Sbi Healthcare (XLV) | 0.1 | $818k | 5.9k | 139.17 | |
| Altria (MO) | 0.1 | $796k | 12k | 66.06 | |
| Kroger (KR) | 0.1 | $771k | 11k | 67.41 | |
| Atlanta Braves Hldgs Com Ser C (BATRK) | 0.1 | $724k | 17k | 41.59 | |
| Ishares Tr Russell 2000 Etf (IWM) | 0.1 | $711k | 2.9k | 241.96 | |
| Vaneck Etf Trust Clo Etf (CLOI) | 0.1 | $711k | 13k | 53.10 | |
| Ishares Tr Core S&p Mcp Etf (IJH) | 0.1 | $705k | 11k | 65.26 | |
| First Tr Exchange-traded Fst Low Oppt Eft (LMBS) | 0.0 | $670k | 14k | 49.79 | |
| Select Sector Spdr Tr Sbi Cons Stpls (XLP) | 0.0 | $657k | 8.4k | 78.37 | |
| Ishares Tr Msci Emg Mkt Etf (EEM) | 0.0 | $644k | 12k | 53.40 | |
| Vanguard Index Fds Extend Mkt Etf (VXF) | 0.0 | $624k | 3.0k | 209.34 | |
| Boeing Company (BA) | 0.0 | $608k | 2.8k | 215.83 | |
| New York Life Invts Active E Nyli Mackay Muni (MMIN) | 0.0 | $592k | 25k | 23.81 | |
| Netflix (NFLX) | 0.0 | $583k | 486.00 | 1198.92 | |
| Nxp Semiconductors N V (NXPI) | 0.0 | $572k | 2.5k | 227.73 | |
| Select Sector Spdr Tr Energy (XLE) | 0.0 | $522k | 5.8k | 89.34 | |
| Enterprise Products Partners (EPD) | 0.0 | $519k | 17k | 31.27 | |
| Vanguard Intl Equity Index F Ftse Europe Etf (VGK) | 0.0 | $511k | 6.4k | 79.80 | |
| Hf Sinclair Corp (DINO) | 0.0 | $495k | 9.5k | 52.34 | |
| Anthem (ELV) | 0.0 | $478k | 1.5k | 323.12 | |
| Blackrock 2037 Municipal Tar (BMN) | 0.0 | $476k | 19k | 25.08 | |
| Vanguard Scottsdale Fds Vng Rus1000idx (VONE) | 0.0 | $474k | 1.6k | 302.35 | |
| Ishares Tr Us Aer Def Etf (ITA) | 0.0 | $473k | 2.3k | 209.26 | |
| United Parcel Service CL B (UPS) | 0.0 | $458k | 5.5k | 83.53 | |
| Walt Disney Company (DIS) | 0.0 | $452k | 3.9k | 114.51 | |
| Ishares Tr U.s. Energy Etf (IYE) | 0.0 | $419k | 8.8k | 47.52 | |
| Halliburton Company (HAL) | 0.0 | $404k | 16k | 24.60 | |
| Vanguard Index Fds Sml Cp Grw Etf (VBK) | 0.0 | $402k | 1.4k | 297.62 | |
| Vanguard Index Fds Real Estate Etf (VNQ) | 0.0 | $401k | 4.4k | 91.42 | |
| Wells Fargo & Company (WFC) | 0.0 | $371k | 4.4k | 83.82 | |
| Southern Company (SO) | 0.0 | $366k | 3.9k | 94.77 | |
| Target Corporation (TGT) | 0.0 | $355k | 4.0k | 89.71 | |
| Parsons Corporation (PSN) | 0.0 | $341k | 4.1k | 82.92 | |
| Ishares Bitcoin Trust Etf Shs Ben Int (IBIT) | 0.0 | $336k | 5.2k | 65.00 | |
| Amgen (AMGN) | 0.0 | $321k | 1.1k | 282.20 | |
| Berkshire Hathaway Inc Del Cl B New (BRK.B) | 0.0 | $320k | 636.00 | 502.74 | |
| CVS Caremark Corporation (CVS) | 0.0 | $312k | 4.1k | 75.39 | |
| Vanguard World Materials Etf (VAW) | 0.0 | $311k | 1.5k | 204.86 | |
| Ishares Tr 0-3 Mnth Treasry (SGOV) | 0.0 | $301k | 3.0k | 100.69 | |
| Select Sector Spdr Tr Indl (XLI) | 0.0 | $297k | 1.9k | 154.23 | |
| Molson Coors Beverage CL B (TAP) | 0.0 | $293k | 6.5k | 45.25 | |
| Schwab Strategic Tr Us Lrg Cap Etf (SCHX) | 0.0 | $292k | 11k | 26.34 | |
| Select Sector Spdr Tr Financial (XLF) | 0.0 | $283k | 5.3k | 53.87 | |
| Spdr Series Trust Portfolio Short (SPSB) | 0.0 | $283k | 9.3k | 30.29 | |
| Ishares Tr Core 60/40 Balan (AOR) | 0.0 | $270k | 4.2k | 64.38 | |
| FedEx Corporation (FDX) | 0.0 | $264k | 1.1k | 235.81 | |
| Southwest Airlines (LUV) | 0.0 | $249k | 7.8k | 31.91 | |
| Nuveen Muni Value Fund (NUV) | 0.0 | $237k | 26k | 8.98 | |
| Diageo Spon Adr New (DEO) | 0.0 | $235k | 2.5k | 95.43 | |
| Vertiv Holdings Com Cl A (VRT) | 0.0 | $224k | 1.5k | 150.86 | |
| Alphabet Cap Stk Cl A (GOOGL) | 0.0 | $223k | 918.00 | 243.03 | |
| Ishares Tr Us Hlthcare Etf (IYH) | 0.0 | $220k | 3.8k | 58.72 | |
| Vanguard Index Fds Mid Cap Etf (VO) | 0.0 | $208k | 709.00 | 293.74 | |
| Cheniere Energy Com New (LNG) | 0.0 | $204k | 869.00 | 234.92 | |
| Markel Corporation (MKL) | 0.0 | $201k | 105.00 | 1911.36 | |
| First Tr Mtg Income Com Shs (FMY) | 0.0 | $161k | 13k | 12.25 | |
| Fate Therapeutics (FATE) | 0.0 | $16k | 13k | 1.26 |
