Narwhal Capital Management Top Holdings and 13F Report (2025)

About Narwhal Capital Management

Investment Activity

Narwhal Capital Management has $1.25 billion in total holdings as of June 30, 2025.
Narwhal Capital Management owns shares of 162 different stocks, but just 41 companies or ETFs make up 80% of its holdings.
Approximately 6.14% of the portfolio was purchased this quarter.
About 5.06% of the portfolio was sold this quarter.
This quarter, Narwhal Capital Management has purchased 161 new stocks and bought additional shares in 47 stocks.
Narwhal Capital Management sold shares of 70 stocks and completely divested from 10 stocks this quarter.

Largest Holdings

iShares Core S&P 500 ETF: $121,962,468
NVIDIA: $78,966,060
Microsoft: $78,216,726
Apple: $56,415,148
Alphabet: $51,710,488

Largest New Holdings this Quarter

759530108 - Relx: $6,788,153 Holding
33741Q107 - First Trust High Yield Opportunities 2027 Term Fund: $3,105,888 Holding
64110L106 - Netflix: $893,200 Holding
501044101 - Kroger: $753,380 Holding
98978V103 - Zoetis: $657,329 Holding

Largest Purchases this Quarter

iShares Core S&P 500 ETF: 21,048 shares (about $13.07M)
Relx: 124,920 shares (about $6.79M)
Analog Devices: 20,862 shares (about $4.97M)
Garmin: 20,751 shares (about $4.33M)
Meta Platforms: 5,144 shares (about $3.80M)

Largest Sales this Quarter

Johnson & Johnson: 22,308 shares (about $3.41M)
UnitedHealth Group: 10,380 shares (about $3.24M)
Walt Disney: 25,495 shares (about $3.16M)
L3Harris Technologies: 12,404 shares (about $3.11M)
Cisco Systems: 44,349 shares (about $3.08M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
IVV iShares Core S&P 500 ETF	$121,962,468	$13,068,671 ▲	12.0%	196,429	9.8%	ETF
NVDA NVIDIA	$78,966,060	$1,820,360 ▼	-2.3%	499,817	6.3%	Computer and Technology
MSFT Microsoft	$78,216,726	$1,719,546 ▼	-2.2%	157,248	6.3%	Computer and Technology
AAPL Apple	$56,415,148	$485,227 ▼	-0.9%	274,968	4.5%	Computer and Technology
GOOG Alphabet	$51,710,488	$2,909,909 ▼	-5.3%	291,507	4.2%	Computer and Technology
AMZN Amazon.com	$46,780,749	$539,261 ▲	1.2%	213,231	3.8%	Retail/Wholesale
IAU iShares Gold Trust	$41,890,642	$409,580 ▼	-1.0%	671,755	3.4%	Finance
META Meta Platforms	$36,896,386	$3,796,735 ▲	11.5%	49,989	3.0%	Computer and Technology
JPM JPMorgan Chase & Co.	$36,671,750	$1,186,018 ▼	-3.1%	126,494	2.9%	Finance
VMC Vulcan Materials	$32,037,825	$160,404 ▼	-0.5%	122,835	2.6%	Construction
HD Home Depot	$24,552,860	$2,787,573 ▲	12.8%	66,967	2.0%	Retail/Wholesale
BLACKROCK INC	$24,344,130	$1,082,847 ▲	4.7%	23,201	2.0%	COM
GS The Goldman Sachs Group	$21,919,903	$1,835,211 ▼	-7.7%	30,971	1.8%	Finance
LLY Eli Lilly and Company	$19,781,396	$2,997,299 ▲	17.9%	25,376	1.6%	Medical
AXP American Express	$18,926,424	$2,831,276 ▲	17.6%	59,334	1.5%	Finance
IVE iShares S&P 500 Value ETF	$18,229,559		0.0%	93,284	1.5%	ETF
V Visa	$17,839,921	$838,987 ▼	-4.5%	50,246	1.4%	Business Services
AVGO Broadcom	$15,987,149	$919,293 ▼	-5.4%	57,998	1.3%	Computer and Technology
PG Procter & Gamble	$15,929,546	$320,869 ▼	-2.0%	99,985	1.3%	Consumer Staples
ADI Analog Devices	$15,249,941	$4,965,573 ▲	48.3%	64,070	1.2%	Computer and Technology
LMT Lockheed Martin	$14,774,629	$172,751 ▲	1.2%	31,901	1.2%	Aerospace
PM Philip Morris International	$13,984,306	$1,607,662 ▼	-10.3%	76,782	1.1%	Consumer Staples
IWF iShares Russell 1000 Growth ETF	$13,310,583	$125,676 ▲	1.0%	31,350	1.1%	ETF
NEE NextEra Energy	$12,488,171	$1,947,717 ▲	18.5%	179,893	1.0%	Utilities
JNJ Johnson & Johnson	$12,314,038	$3,407,532 ▼	-21.7%	80,616	1.0%	Medical
GD General Dynamics	$12,072,391	$1,235,472 ▼	-9.3%	41,392	1.0%	Aerospace
CP Canadian Pacific Kansas City	$11,828,511	$390,960 ▲	3.4%	149,218	0.9%	Transportation
MRK Merck & Co., Inc.	$11,574,063	$2,063,226 ▼	-15.1%	146,211	0.9%	Medical
AVB AvalonBay Communities	$10,971,092	$2,929,790 ▲	36.4%	53,912	0.9%	Finance
LHX L3Harris Technologies	$10,878,696	$3,111,424 ▼	-22.2%	43,369	0.9%	Aerospace
BX Blackstone	$10,468,057	$803,095 ▲	8.3%	69,983	0.8%	Finance
CAT Caterpillar	$10,171,878	$621,136 ▲	6.5%	26,202	0.8%	Industrials
XOM Exxon Mobil	$9,891,642	$53,577 ▲	0.5%	91,759	0.8%	Energy
CSCO Cisco Systems	$9,568,845	$3,076,942 ▼	-24.3%	137,919	0.8%	Computer and Technology
BTT Blackrock Municipal 2030 Target Term Trust	$9,267,407	$1,138 ▲	0.0%	423,363	0.7%	Financial Services
RTX RTX	$8,991,182	$230,274 ▼	-2.5%	61,575	0.7%	Aerospace
ABT Abbott Laboratories	$8,918,047	$749,960 ▲	9.2%	65,569	0.7%	Medical
QCOM QUALCOMM	$8,510,051	$1,297,490 ▼	-13.2%	53,435	0.7%	Computer and Technology
VLO Valero Energy	$8,297,684	$1,465,570 ▲	21.5%	61,730	0.7%	Energy
NOC Northrop Grumman	$8,273,169	$46,998 ▼	-0.6%	16,547	0.7%	Aerospace
MLI Mueller Industries	$7,379,743	$372,635 ▲	5.3%	92,862	0.6%	Industrials
GGG Graco	$7,082,295	$655,951 ▼	-8.5%	82,381	0.6%	Industrials
COST Costco Wholesale	$7,059,283	$441,515 ▼	-5.9%	7,131	0.6%	Retail/Wholesale
QQQ Invesco QQQ	$6,865,711	$123,567 ▲	1.8%	12,446	0.6%	Finance
MLR Miller Industries	$6,823,676	$1,421,831 ▲	26.3%	153,479	0.5%	Auto/Tires/Trucks
RELX Relx	$6,788,153	$6,788,153 ▲	New Holding	124,920	0.5%	Computer and Technology
GRMN Garmin	$6,532,310	$4,331,149 ▲	196.8%	31,297	0.5%	Computer and Technology
CSGP CoStar Group	$6,465,848	$492,932 ▼	-7.1%	80,421	0.5%	Computer and Technology
BWXT BWX Technologies	$6,185,360	$3,449,517 ▲	126.1%	42,936	0.5%	Aerospace
IVW iShares S&P 500 Growth ETF	$6,165,600	$31,819 ▼	-0.5%	56,000	0.5%	ETF
NVS Novartis	$6,142,468	$147,874 ▼	-2.4%	50,760	0.5%	Medical
ORCL Oracle	$5,887,441	$1,085,708 ▲	22.6%	26,929	0.5%	Computer and Technology
PEP PepsiCo	$5,566,904	$347,659 ▼	-5.9%	42,161	0.4%	Consumer Staples
LULU lululemon athletica	$5,445,571	$984,531 ▲	22.1%	22,921	0.4%	Consumer Discretionary
UFPI UFP Industries	$5,397,136	$1,478,974 ▲	37.7%	54,319	0.4%	Construction
XLK Technology Select Sector SPDR Fund	$5,317,830		0.0%	21,000	0.4%	ETF
CEG Constellation Energy	$5,073,142	$19,366 ▲	0.4%	15,718	0.4%	Energy
CVX Chevron	$4,922,013	$89,207 ▼	-1.8%	34,374	0.4%	Energy
DIA SPDR Dow Jones Industrial Average ETF Trust	$4,882,402		0.0%	11,080	0.4%	Finance
CRH PLC	$4,860,351	$218,759 ▼	-4.3%	52,945	0.4%	ORD
ENTG Entegris	$4,572,613	$1,255,882 ▲	37.9%	56,697	0.4%	Computer and Technology
KMI Kinder Morgan	$4,443,428		0.0%	151,137	0.4%	Energy
UNH UnitedHealth Group	$4,402,859	$3,238,268 ▼	-42.4%	14,113	0.4%	Medical
STZ Constellation Brands	$4,365,030	$685,208 ▼	-13.6%	26,832	0.4%	Consumer Staples
CINF Cincinnati Financial	$4,123,595	$1,504,092 ▼	-26.7%	27,690	0.3%	Finance
SLB Schlumberger	$3,973,427	$2,044,292 ▲	106.0%	117,557	0.3%	Energy
SGOL abrdn Physical Gold Shares ETF	$3,720,963	$69,514 ▼	-1.8%	117,976	0.3%	ETF
BRK.A Berkshire Hathaway	$3,644,000		0.0%	5	0.3%	Finance
RH RH	$3,587,221	$903,657 ▲	33.7%	18,979	0.3%	Consumer Staples
SIMPLIFY EXCHANGE TRADED FUN	$3,568,913	$647,564 ▲	22.2%	71,250	0.3%	MBS ETF
DOMINOS PIZZA INC	$3,463,762	$480,340 ▼	-12.2%	7,687	0.3%	COM
MUSA Murphy USA	$3,353,659	$2,102,749 ▼	-38.5%	8,244	0.3%	Retail/Wholesale
GLD SPDR Gold Shares	$3,182,425	$1,194,629 ▼	-27.3%	10,440	0.3%	Finance
CHX ChampionX	$3,162,977	$183,841 ▼	-5.5%	127,334	0.3%	Construction
WMT Walmart	$3,149,103	$204,067 ▲	6.9%	32,206	0.3%	Retail/Wholesale
FTHY First Trust High Yield Opportunities 2027 Term Fund	$3,105,888	$3,105,888 ▲	New Holding	209,151	0.2%
SBUX Starbucks	$2,999,783	$850,510 ▲	39.6%	32,738	0.2%	Retail/Wholesale
SDY SPDR S&P Dividend ETF	$2,848,837		0.0%	20,989	0.2%	ETF
HCA HCA Healthcare	$2,810,039	$1,193,357 ▼	-29.8%	7,335	0.2%	Medical
DVY iShares Select Dividend ETF	$2,777,190	$668,698 ▼	-19.4%	20,911	0.2%	ETF
DIS Walt Disney	$2,629,404	$3,161,659 ▼	-54.6%	21,203	0.2%	Consumer Discretionary
TSLA Tesla	$2,276,352	$842,434 ▲	58.8%	7,166	0.2%	Auto/Tires/Trucks
NTRA Natera	$2,251,126	$562,908 ▲	33.3%	13,325	0.2%	Medical
IJR iShares Core S&P Small-Cap ETF	$2,247,287	$327,754 ▼	-12.7%	20,563	0.2%	ETF
ADBE Adobe	$1,937,882	$808,966 ▼	-29.5%	5,009	0.2%	Computer and Technology
EXC Exelon	$1,831,456	$217,100 ▼	-10.6%	42,180	0.1%	Utilities
DGRW WisdomTree U.S. Quality Dividend Growth Fund	$1,823,773		0.0%	21,779	0.1%	Manufacturing
UL Unilever	$1,601,492		0.0%	26,181	0.1%	Consumer Staples
T AT&T	$1,551,039		0.0%	53,595	0.1%	Computer and Technology
OKE ONEOK	$1,436,851		0.0%	17,602	0.1%	Energy
NOW ServiceNow	$1,433,144	$81,218 ▼	-5.4%	1,394	0.1%	Computer and Technology
SPY SPDR S&P 500 ETF Trust	$1,352,474	$118,627 ▲	9.6%	2,189	0.1%	Finance
ELV Elevance Health	$1,312,740	$116,688 ▼	-8.2%	3,375	0.1%	Medical
NOV NOV	$1,309,973	$967,439 ▼	-42.5%	105,388	0.1%	Energy
MU Micron Technology	$1,301,274	$8,381 ▲	0.6%	10,558	0.1%	Computer and Technology
MO Altria Group	$1,292,498	$234,520 ▼	-15.4%	22,045	0.1%	Consumer Staples
NXRT NexPoint Residential Trust	$1,247,934	$176,296 ▲	16.5%	37,453	0.1%	Finance
VAW Vanguard Materials ETF	$1,097,477	$1,396,931 ▼	-56.0%	5,633	0.1%	ETF
ETR Entergy	$1,080,560		0.0%	13,000	0.1%	Utilities
TSM Taiwan Semiconductor Manufacturing	$1,047,290		0.0%	4,624	0.1%	Computer and Technology

Showing largest 100 holdings. View all holdings.

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Narwhal Capital Management Top Holdings and 13F Report (2025)

About Narwhal Capital Management

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

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Narwhal Capital Management Top Holdings and 13F Report (2025)

About Narwhal Capital Management

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofNarwhal Capital Management

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools