Narwhal Capital Management

Narwhal Capital Management as of Dec. 31, 2025

Portfolio Holdings for Narwhal Capital Management

Narwhal Capital Management holds 162 positions in its portfolio as reported in the December 2025 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Ishares Tr Core S&p500 Etf (IVV) 10.5 $144M 211k 684.94
NVIDIA Corporation (NVDA) 6.8 $93M 499k 186.50
Alphabet Cap Stk Cl C (GOOG) 6.5 $89M 285k 313.80
Microsoft Corporation (MSFT) 5.7 $78M 161k 483.62
Apple (AAPL) 5.5 $75M 276k 271.86
Ishares Gold Tr Ishares New (IAU) 4.0 $55M 673k 81.17
Amazon (AMZN) 3.6 $50M 217k 230.82
JPMorgan Chase & Co. (JPM) 3.0 $42M 130k 322.22
Vulcan Materials Company (VMC) 2.8 $38M 133k 285.22
Meta Platforms Cl A (META) 2.3 $32M 49k 660.09
Blackrock (BLK) 1.6 $23M 21k 1070.36
Eli Lilly & Co. (LLY) 1.6 $23M 21k 1074.68
Goldman Sachs (GS) 1.6 $22M 25k 879.01
Home Depot (HD) 1.6 $22M 64k 344.10
Visa Com Cl A (V) 1.5 $21M 60k 350.71
American Express Company (AXP) 1.5 $21M 56k 369.95
Johnson & Johnson (JNJ) 1.4 $20M 96k 206.95
Ishares Tr S&p 500 Val Etf (IVE) 1.4 $20M 93k 212.07
Analog Devices (ADI) 1.3 $18M 66k 271.20
Lockheed Martin Corporation (LMT) 1.2 $16M 33k 483.67
Cisco Systems (CSCO) 1.1 $16M 204k 77.03
L3harris Technologies (LHX) 1.1 $15M 51k 293.57
Ishares Tr Rus 1000 Grw Etf (IWF) 1.1 $15M 31k 473.30
Exxon Mobil Corporation (XOM) 1.1 $15M 121k 120.34
Nextera Energy (NEE) 1.0 $14M 178k 80.28
Raytheon Technologies Corp (RTX) 1.0 $13M 72k 183.40
Broadcom (AVGO) 0.9 $13M 37k 346.10
General Dynamics Corporation (GD) 0.9 $13M 38k 336.66
Caterpillar (CAT) 0.9 $12M 22k 572.87
Procter & Gamble Company (PG) 0.9 $12M 82k 143.31
Merck & Co (MRK) 0.9 $12M 112k 105.26
Northrop Grumman Corporation (NOC) 0.8 $11M 20k 570.21
Blackstone Group Inc Com Cl A (BX) 0.8 $11M 72k 154.14
Philip Morris International (PM) 0.8 $11M 68k 160.40
Abbott Laboratories (ABT) 0.7 $9.6M 77k 125.29
AvalonBay Communities (AVB) 0.7 $9.4M 52k 181.31
Blackrock Mun Target Term Tr Com Shs Ben In (BTT) 0.6 $8.8M 388k 22.82
Canadian Pacific Kansas City (CP) 0.6 $8.6M 116k 73.63
Pepsi (PEP) 0.6 $8.2M 57k 143.52
Cincinnati Financial Corporation (CINF) 0.6 $8.1M 50k 163.32
Invesco Qqq Tr Unit Ser 1 (QQQ) 0.6 $7.7M 13k 614.31
Novartis Sponsored Adr (NVS) 0.5 $7.4M 54k 137.87
Mueller Industries (MLI) 0.5 $7.2M 63k 114.80
Oracle Corporation (ORCL) 0.5 $7.0M 36k 194.91
Domino's Pizza (DPZ) 0.5 $7.0M 17k 416.82
Starbucks Corporation (SBUX) 0.5 $6.9M 82k 84.21
Ishares Tr S&p 500 Grwt Etf (IVW) 0.5 $6.9M 56k 123.26
Valero Energy Corporation (VLO) 0.5 $6.4M 39k 162.79
CRH Ord (CRH) 0.5 $6.3M 50k 124.80
Hca Holdings (HCA) 0.4 $6.2M 13k 466.86
Select Sector Spdr Tr State Street Tec (XLK) 0.4 $6.0M 42k 143.97
Relx Sponsored Adr (RELX) 0.4 $6.0M 149k 40.42
Qualcomm (QCOM) 0.4 $6.0M 35k 171.05
Constellation Energy (CEG) 0.4 $5.6M 16k 353.27
Spdr Dow Jones Indl Average Ut Ser 1 (DIA) 0.4 $5.3M 11k 480.57
Chevron Corporation (CVX) 0.4 $5.2M 34k 152.41
Bwx Technologies (BWXT) 0.4 $5.0M 29k 172.84
Costco Wholesale Corporation (COST) 0.4 $5.0M 5.8k 862.34
Etfs Gold Tr Physcl Gold Shs (SGOL) 0.3 $4.8M 116k 41.08
SLB Com Stk (SLB) 0.3 $4.7M 123k 38.38
Adobe Systems Incorporated (ADBE) 0.3 $4.5M 13k 349.99
Gra (GGG) 0.3 $4.4M 54k 81.97
Kinder Morgan (KMI) 0.3 $4.2M 154k 27.49
Spdr Gold Tr Gold Shs (GLD) 0.3 $4.1M 10k 396.31
Ufp Industries (UFPI) 0.3 $4.0M 44k 91.05
Berkshire Hathaway Inc Del Cl A (BRK.A) 0.3 $3.8M 5.00 754800.00
Entegris (ENTG) 0.3 $3.7M 44k 84.25
Garmin SHS (GRMN) 0.3 $3.7M 18k 202.85
Simplify Exchange Traded Fun Mbs Etf (MTBA) 0.3 $3.6M 72k 50.41
Micron Technology (MU) 0.2 $3.2M 11k 285.41
Tesla Motors (TSLA) 0.2 $3.0M 6.6k 449.72
Ishares Tr Select Divid Etf (DVY) 0.2 $3.0M 21k 141.14
Spdr Series Trust State Street Spd (SDY) 0.2 $2.9M 21k 139.16
Wal-Mart Stores (WMT) 0.2 $2.8M 25k 111.41
Intercontinental Exchange (ICE) 0.2 $2.8M 17k 161.96
Servicenow (NOW) 0.2 $2.6M 17k 153.19
Ishares Tr Core S&p Scp Etf (IJR) 0.2 $2.5M 21k 120.18
Natera (NTRA) 0.2 $2.2M 9.7k 229.09
First Tr High Yield Opprt 20 (FTHY) 0.2 $2.2M 155k 14.07
Wisdomtree Tr Us Qtly Div Grt (DGRW) 0.1 $1.9M 22k 89.43
Kroger (KR) 0.1 $1.9M 30k 62.48
UnitedHealth (UNH) 0.1 $1.8M 5.5k 330.12
Metropcs Communications (TMUS) 0.1 $1.8M 8.8k 203.04
Invesco Exch Traded Fd Tr Ii S&p 500 Momntm (SPMO) 0.1 $1.6M 14k 119.32
Exelon Corporation (EXC) 0.1 $1.6M 37k 43.59
Taiwan Semiconductor Mfg Sponsored Ads (TSM) 0.1 $1.4M 4.6k 303.89
Spdr S&p 500 Etf Tr Tr Unit (SPY) 0.1 $1.4M 2.0k 681.92
At&t (T) 0.1 $1.3M 54k 24.84
Entergy Corporation (ETR) 0.1 $1.3M 14k 92.43
Unilever Spon Adr New (UL) 0.1 $1.3M 20k 65.40
Oneok (OKE) 0.1 $1.3M 17k 73.50
Delta Air Lines Inc Del Com New (DAL) 0.1 $1.2M 17k 69.40
Nexpoint Residential Tr (NXRT) 0.1 $1.1M 37k 30.10
Ishares Tr Rus Mid Cap Etf (IWR) 0.1 $985k 10k 96.27
Schwab Strategic Tr Us Dividend Eq (SCHD) 0.1 $979k 36k 27.43
Select Sector Spdr Tr State Street Uti (XLU) 0.1 $952k 22k 42.69
Ishares Tr S&p Mc 400vl Etf (IJJ) 0.1 $911k 6.9k 131.59
Select Sector Spdr Tr State Street Hea (XLV) 0.1 $910k 5.9k 154.80
Vanguard Index Fds Growth Etf (VUG) 0.1 $878k 1.8k 487.86
First Tr Exchange-traded Intermediate Gov (MGOV) 0.1 $869k 43k 20.48
Netflix (NFLX) 0.1 $838k 8.9k 93.76
Vanguard World Industrial Etf (VIS) 0.1 $835k 2.8k 298.38
Vaneck Etf Trust Clo Etf (CLOI) 0.1 $820k 16k 52.81
Constellation Brands Cl A (STZ) 0.1 $803k 5.8k 137.96
CoStar (CSGP) 0.1 $765k 11k 67.24
Ishares Tr Russell 2000 Etf (IWM) 0.1 $720k 2.9k 246.16
Ishares Tr Core S&p Mcp Etf (IJH) 0.1 $713k 11k 66.00
Altria (MO) 0.1 $695k 12k 57.66
Atlanta Braves Hldgs Com Ser C (BATRK) 0.0 $687k 17k 39.45
Intel Corporation (INTC) 0.0 $678k 18k 36.90
Ishares Tr Msci Emg Mkt Etf (EEM) 0.0 $659k 12k 54.71
Murphy Usa (MUSA) 0.0 $650k 1.6k 403.52
McDonald's Corporation (MCD) 0.0 $646k 2.1k 305.63
Boeing Company (BA) 0.0 $613k 2.8k 217.12
Vanguard Index Fds Extend Mkt Etf (VXF) 0.0 $610k 2.9k 209.12
Select Sector Spdr Tr State Street Con (XLP) 0.0 $589k 7.6k 77.68
New York Life Invts Active E Nyli Mackay Muni (MMIN) 0.0 $572k 24k 23.94
Nxp Semiconductors N V (NXPI) 0.0 $545k 2.5k 217.06
Vanguard Intl Equity Index F Ftse Europe Etf (VGK) 0.0 $535k 6.4k 83.61
First Tr Exchange-traded Fst Low Oppt Eft (LMBS) 0.0 $533k 11k 49.99
Enterprise Products Partners (EPD) 0.0 $532k 17k 32.06
Select Sector Spdr Tr State Street Ene (XLE) 0.0 $522k 12k 44.71
Anthem (ELV) 0.0 $518k 1.5k 350.55
Blackrock 2037 Municipal Tar (BMN) 0.0 $508k 19k 26.18
Ishares Tr Us Aer Def Etf (ITA) 0.0 $485k 2.3k 214.69
Vanguard Scottsdale Fds Vng Rus1000idx (VONE) 0.0 $485k 1.6k 309.04
Halliburton Company (HAL) 0.0 $459k 16k 28.26
Vertiv Holdings Com Cl A (VRT) 0.0 $437k 2.7k 162.01
Hf Sinclair Corp (DINO) 0.0 $436k 9.5k 46.08
Ishares Tr U.s. Energy Etf (IYE) 0.0 $420k 8.8k 47.53
Wells Fargo & Company (WFC) 0.0 $413k 4.4k 93.20
Vanguard Index Fds Sml Cp Grw Etf (VBK) 0.0 $408k 1.4k 302.11
Walt Disney Company (DIS) 0.0 $406k 3.6k 113.78
Copart (CPRT) 0.0 $384k 9.8k 39.15
Amgen (AMGN) 0.0 $365k 1.1k 327.31
Deere & Company (DE) 0.0 $353k 758.00 465.57
Vanguard Index Fds Real Estate Etf (VNQ) 0.0 $349k 3.9k 88.49
Southern Company (SO) 0.0 $337k 3.9k 87.20
CVS Caremark Corporation (CVS) 0.0 $328k 4.1k 79.36
Schwab Strategic Tr Us Lrg Cap Etf (SCHX) 0.0 $326k 12k 26.91
Ishares Tr 0-3 Mnth Treasry (SGOV) 0.0 $324k 3.2k 100.37
FedEx Corporation (FDX) 0.0 $324k 1.1k 288.86
Southwest Airlines (LUV) 0.0 $322k 7.8k 41.33
Berkshire Hathaway Inc Del Cl B New (BRK.B) 0.0 $320k 636.00 502.65
Ferguson Enterprises Common Stock New (FERG) 0.0 $303k 1.4k 222.63
Select Sector Spdr Tr State Street Ind (XLI) 0.0 $299k 1.9k 155.12
Vanguard World Materials Etf (VAW) 0.0 $294k 1.4k 207.55
Select Sector Spdr Tr State Street Fin (XLF) 0.0 $288k 5.3k 54.77
Spdr Series Trust State Street Spd (SPSB) 0.0 $287k 9.5k 30.20
Autodesk (ADSK) 0.0 $279k 941.00 296.01
Perimeter Solutions Common Stock (PRM) 0.0 $276k 10k 27.53
Ishares Tr Core 60/40 Balan (AOR) 0.0 $273k 4.2k 65.01
Cheniere Energy Com New (LNG) 0.0 $270k 1.4k 194.38
Alphabet Cap Stk Cl A (GOOGL) 0.0 $254k 813.00 312.91
United Parcel Service CL B (UPS) 0.0 $245k 2.5k 99.19
Ishares Tr Us Hlthcare Etf (IYH) 0.0 $244k 3.8k 65.10
Nuveen Muni Value Fund (NUV) 0.0 $236k 26k 9.06
D.R. Horton (DHI) 0.0 $230k 1.6k 144.03
Markel Corporation (MKL) 0.0 $226k 105.00 2149.65
Vanguard Index Fds Mid Cap Etf (VO) 0.0 $206k 709.00 290.22
Nov (NOV) 0.0 $160k 10k 15.63
Fate Therapeutics (FATE) 0.0 $13k 13k 0.98