Narwhal Capital Management
MARIETTA, GA
$1.4bn in 155 US stocks at the end of 30 June 2026. The top 10 are 49.2% of the money. It changed about 8.4% of the portfolio this quarter.
Value
$1.4bn
Stocks
155
Top 10 share
49.2%
Turnover
8.4%
What changed this quarter
New
Bought for the first time this quarter.
- AmrizeAMRZ0.2% of the fund
- Quest DiagnosticsDGX0.2% of the fund
- ASML Holding NVASML0.2% of the fund
- SaiaSAIA<0.1% of the fund
- AutodeskADSK<0.1% of the fund
- Ishares Bitcoin Trust ETFIBIT<0.1% of the fund
- Lam ResearchLRCX<0.1% of the fund
Added
Bought more of a stock they already held.
- Amazon.comAMZN3.7% of the fund+3%
- Analog DevicesADI1.8% of the fund+3%
- American ExpressAXP1.3% of the fund+4%
- BroadcomAVGO1.1% of the fund+17%
- RTXRTX1.1% of the fund+11%
- Canadian Pacific Kansas CityCP0.8% of the fund+12%
- ServiceNowNOW0.7% of the fund+217%
- QualcommQCOM0.6% of the fund+41%
- EntegrisENTG0.6% of the fund+3%
- Intercontinental ExchangeICE0.5% of the fund+19%
- GracoGGG0.5% of the fund+34%
- Costco WholesaleCOST0.5% of the fund+5%
- SLB LimitedSLB0.4% of the fund+14%
- RelxRELX0.4% of the fund+5%
- GarminGRMN0.3% of the fund+14%
- NetflixNFLX0.3% of the fund+39%
- TeslaTSLA0.2% of the fund+21%
- Constellation BrandsSTZ0.2% of the fund+12%
- NexPoint Residential TrustNXRT0.2% of the fund+8%
- Vanguard Index FDSVNQ0.1% of the fund+353%
- T-Mobile USTMUS<0.1% of the fund+189%
- Vanguard World FDVAW<0.1% of the fund+186%
- CVS HealthCVS<0.1% of the fund+61%
- Enterprise Products Partners L.P.EPD<0.1% of the fund+8%
- McDonald'sMCD<0.1% of the fund+5%
Cut
Sold some of their stake.
- AlphabetGOOG6.8% of the fund-2%
- Meta PlatformsMETA1.9% of the fund-3%
- Goldman Sachs GroupGS1.7% of the fund-4%
- Eli LillyLLY1.7% of the fund-5%
- CaterpillarCAT1.6% of the fund-4%
- Home DepotHD1.6% of the fund-3%
- BlackRockBLK1.2% of the fund-7%
- VisaV1.1% of the fund-14%
- ExxonMobil HoldingsXOM1.1% of the fund-6%
- NextEra EnergyNEE0.9% of the fund-10%
- Lockheed MartinLMT0.9% of the fund-22%
- MerckMRK0.9% of the fund-11%
- Procter & GamblePG0.9% of the fund-4%
- L3harris TechnologiesLHX0.8% of the fund-14%
- Philip Morris InternationalPM0.7% of the fund-10%
- Avalonbay CommunitiesAVB0.6% of the fund-16%
- BlackstoneBX0.5% of the fund-12%
- Sunbelt Rentals HoldingsSUNB0.5% of the fund-6%
- StarbucksSBUX0.4% of the fund-28%
- Mueller IndustriesMLI0.4% of the fund-11%
- OracleORCL0.4% of the fund-4%
- PepsiCoPEP0.4% of the fund-22%
- ChevronCVX0.4% of the fund-3%
- BWX TechnologiesBWXT0.4% of the fund-26%
- UFP IndustriesUFPI0.3% of the fund-5%
Sold out
Sold their entire stake.
- BlackRock Municipal 2030 Target Term TrustBTT-100%
- Simplify Exchange Traded FUNMTBA-100%
- First Trust High Yield Opportunities 2027 Term FundFTHY-100%
- First TR Exchange-Traded FDMGOV-100%
- Vaneck ETF TrustCLOI-100%
- New York Life Invts Active EMMIN-100%
- Vanguard Scottsdale FDSVGLT-100%
- CopartCPRT-100%
- First TR Exchange-Traded FDLMBS-100%
- Blackrock 2037 Municipal TARXBMNX-100%
- Coca-ColaKO-100%
- Ishares TRSGOV-100%
- Spdr Series TrustSPTS-100%
- Ferguson EnterprisesFERG-100%
- Southwest AirlinesLUV-100%
- Horton D RDHI-100%
- Spdr Series TrustSPSB-100%
- Verizon CommunicationsVZ-100%
- Nuveen Municipal Value FundNUV-100%
- First Trust Mortgage Income FundFMY-100%
Holdings
- Ishares TRIVV
- Share
- 11.0%
- Value
- $159m
- Shares
- 212,038
Held
- Ishares Gold TRIAU
- Share
- 3.5%
- Value
- $51m
- Shares
- 672,087
Held
- Ishares TRIVE
- Share
- 1.5%
- Value
- $21m
- Shares
- 92,784
Held
- Ishares TRIWF
- Share
- 1.1%
- Value
- $16m
- Shares
- 125,220
Held
- Invesco QQQ TRQQQ
- Share
- 0.7%
- Value
- $9m
- Shares
- 12,866
Held
- Avalonbay CommunitiesAVB
- Share
- 0.6%
- Value
- $8m
- Shares
- 43,562
-16%
- Select Sector Spdr TRXLK
- Share
- 0.6%
- Value
- $8m
- Shares
- 42,000
Held
- Ishares TRIVW
- Share
- 0.5%
- Value
- $8m
- Shares
- 56,000
Held
- State STR Spdr DOW Jones INDDIA
- Share
- 0.4%
- Value
- $6m
- Shares
- 11,080
Held
- RelxRELX
- Share
- 0.4%
- Value
- $6m
- Shares
- 177,412
+5%
- Etfs Gold TRSGOL
- Share
- 0.3%
- Value
- $4m
- Shares
- 112,946
Held
- Spdr Gold TRGLD
- Share
- 0.3%
- Value
- $4m
- Shares
- 10,244
Held
- Berkshire Hathaway INC DELBRK-A
- Share
- 0.3%
- Value
- $4m
- Shares
- 5
Held
- Ishares TRDVY
- Share
- 0.2%
- Value
- $3m
- Shares
- 21,008
Held
- Spdr Series TrustSDY
- Share
- 0.2%
- Value
- $3m
- Shares
- 20,615
Held
- Ishares TRIJR
- Share
- 0.2%
- Value
- $3m
- Shares
- 20,450
Held
- Vanguard Index FDSVNQ
- Share
- 0.1%
- Value
- $2m
- Shares
- 21,665
+353%
- Wisdomtree TRDGRW
- Share
- 0.1%
- Value
- $2m
- Shares
- 21,779
Held
- Invesco Exch Traded FD TR IISPMO
- Share
- 0.1%
- Value
- $2m
- Shares
- 12,836
Held
- State STR Spdr S&P 500 ETF TSPY
- Share
- <0.1%
- Value
- $1m
- Shares
- 1,743
Held
- Ishares TRIWR
- Share
- <0.1%
- Value
- $1m
- Shares
- 10,231
Held
- Schwab Strategic TRSCHD
- Share
- <0.1%
- Value
- $1m
- Shares
- 35,238
Held
- Ishares TRIJJ
- Share
- <0.1%
- Value
- $1m
- Shares
- 6,923
Held
- Select Sector Spdr TRXLU
- Share
- <0.1%
- Value
- $1m
- Shares
- 22,360
Held
- Vanguard World FDVIS
- Share
- <0.1%
- Value
- $1m
- Shares
- 2,799
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Ishares TRIVV | 11.0% | $159m | 212,038 | Held |
| NvidiaNVDA | 6.9% | $100m | 498,520 | Held |
| AlphabetGOOG | 6.8% | $99m | 278,904 | -2% |
| AppleAAPL | 5.6% | $81m | 280,237 | Held |
| MicrosoftMSFT | 4.2% | $61m | 162,292 | Held |
| Amazon.comAMZN | 3.7% | $54m | 227,622 | +3% |
| Ishares Gold TRIAU | 3.5% | $51m | 672,087 | Held |
| JPMorgan ChaseJPM | 2.9% | $42m | 129,578 | Held |
| Vulcan MaterialsVMC | 2.7% | $39m | 133,357 | Held |
| Meta PlatformsMETA | 1.9% | $27m | 47,775 | -3% |
| Analog DevicesADI | 1.8% | $26m | 65,383 | +3% |
| Goldman Sachs GroupGS | 1.7% | $25m | 24,939 | -4% |
| Eli LillyLLY | 1.7% | $25m | 20,444 | -5% |
| Johnson & JohnsonJNJ | 1.7% | $24m | 94,177 | Held |
| CaterpillarCAT | 1.6% | $24m | 22,180 | -4% |
| Home DepotHD | 1.6% | $23m | 65,453 | -3% |
| Cisco SystemsCSCO | 1.6% | $23m | 192,141 | Held |
| Ishares TRIVE | 1.5% | $21m | 92,784 | Held |
| American ExpressAXP | 1.3% | $19m | 56,415 | +4% |
| BlackRockBLK | 1.2% | $18m | 18,788 | -7% |
| VisaV | 1.1% | $16m | 46,402 | -14% |
| Ishares TRIWF | 1.1% | $16m | 125,220 | Held |
| BroadcomAVGO | 1.1% | $16m | 41,122 | +17% |
| ExxonMobil HoldingsXOM | 1.1% | $15m | 112,375 | -6% |
| RTXRTX | 1.1% | $15m | 80,241 | +11% |
| General DynamicsGD | 0.9% | $14m | 38,504 | Held |
| NextEra EnergyNEE | 0.9% | $14m | 155,183 | -10% |
| Lockheed MartinLMT | 0.9% | $13m | 25,135 | -22% |
| MerckMRK | 0.9% | $13m | 99,503 | -11% |
| Micron TechnologyMU | 0.9% | $13m | 10,985 | Held |
| Procter & GamblePG | 0.9% | $13m | 86,077 | -4% |
| L3harris TechnologiesLHX | 0.8% | $12m | 40,344 | -14% |
| Canadian Pacific Kansas CityCP | 0.8% | $11m | 126,466 | +12% |
| Philip Morris InternationalPM | 0.7% | $10m | 57,529 | -10% |
| ServiceNowNOW | 0.7% | $10m | 103,711 | +217% |
| Valero EnergyVLO | 0.7% | $10m | 38,358 | Held |
| Invesco QQQ TRQQQ | 0.7% | $9m | 12,866 | Held |
| Cincinnati FinancialCINF | 0.6% | $9m | 49,750 | Held |
| QualcommQCOM | 0.6% | $9m | 48,292 | +41% |
| EntegrisENTG | 0.6% | $9m | 48,096 | +3% |
| Northrop GrummanNOC | 0.6% | $8m | 16,474 | Held |
| Novartis AGNVS | 0.6% | $8m | 52,702 | Held |
| Avalonbay CommunitiesAVB | 0.6% | $8m | 43,562 | -16% |
| Select Sector Spdr TRXLK | 0.6% | $8m | 42,000 | Held |
| Ishares TRIVW | 0.5% | $8m | 56,000 | Held |
| Intercontinental ExchangeICE | 0.5% | $8m | 61,878 | +19% |
| BlackstoneBX | 0.5% | $8m | 63,897 | -12% |
| Sunbelt Rentals HoldingsSUNB | 0.5% | $7m | 93,850 | -6% |
| GracoGGG | 0.5% | $7m | 90,559 | +34% |
| Costco WholesaleCOST | 0.5% | $7m | 7,079 | +5% |
| StarbucksSBUX | 0.4% | $6m | 63,274 | -28% |
| Mueller IndustriesMLI | 0.4% | $6m | 52,481 | -11% |
| OracleORCL | 0.4% | $6m | 43,601 | -4% |
| SLB LimitedSLB | 0.4% | $6m | 131,518 | +14% |
| PepsiCoPEP | 0.4% | $6m | 43,887 | -22% |
| State STR Spdr DOW Jones INDDIA | 0.4% | $6m | 11,080 | Held |
| ChevronCVX | 0.4% | $6m | 34,537 | -3% |
| RelxRELX | 0.4% | $6m | 177,412 | +5% |
| BWX TechnologiesBWXT | 0.4% | $6m | 28,838 | -26% |
| CRH PublicCRH | 0.4% | $5m | 50,749 | Held |
| Kinder MorganKMI | 0.3% | $5m | 155,586 | Held |
| GarminGRMN | 0.3% | $5m | 20,122 | +14% |
| NetflixNFLX | 0.3% | $5m | 66,575 | +39% |
| Etfs Gold TRSGOL | 0.3% | $4m | 112,946 | Held |
| UFP IndustriesUFPI | 0.3% | $4m | 47,190 | -5% |
| Spdr Gold TRGLD | 0.3% | $4m | 10,244 | Held |
| Berkshire Hathaway INC DELBRK-A | 0.3% | $4m | 5 | Held |
| Constellation EnergyCEG | 0.2% | $4m | 14,268 | -10% |
| AmrizeAMRZ | 0.2% | $3m | 65,645 | New |
| TeslaTSLA | 0.2% | $3m | 7,913 | +21% |
| Ishares TRDVY | 0.2% | $3m | 21,008 | Held |
| Spdr Series TrustSDY | 0.2% | $3m | 20,615 | Held |
| Constellation BrandsSTZ | 0.2% | $3m | 22,214 | +12% |
| Ishares TRIJR | 0.2% | $3m | 20,450 | Held |
| Quest DiagnosticsDGX | 0.2% | $3m | 13,348 | New |
| WalmartWMT | 0.2% | $3m | 24,315 | -10% |
| HCA HealthcareHCA | 0.2% | $3m | 6,813 | -40% |
| Abbott LaboratoriesABT | 0.2% | $3m | 27,594 | -62% |
| ASML Holding NVASML | 0.2% | $2m | 1,235 | New |
| NateraNTRA | 0.2% | $2m | 8,927 | Held |
| NexPoint Residential TrustNXRT | 0.2% | $2m | 82,707 | +8% |
| Taiwan Semiconductor ManufacturingTSM | 0.2% | $2m | 4,634 | Held |
| Vanguard Index FDSVNQ | 0.1% | $2m | 21,665 | +353% |
| Wisdomtree TRDGRW | 0.1% | $2m | 21,779 | Held |
| Invesco Exch Traded FD TR IISPMO | 0.1% | $2m | 12,836 | Held |
| AdobeADBE | 0.1% | $2m | 9,357 | -44% |
| UnitedHealth GroupUNH | 0.1% | $2m | 4,500 | Held |
| EntergyETR | 0.1% | $2m | 15,134 | Held |
| ExelonEXC | 0.1% | $2m | 36,855 | Held |
| Delta Air LinesDAL | 0.1% | $2m | 16,850 | Held |
| OneokOKE | 0.1% | $1m | 17,194 | Held |
| State STR Spdr S&P 500 ETF TSPY | <0.1% | $1m | 1,743 | Held |
| Ishares TRIWR | <0.1% | $1m | 10,231 | Held |
| Schwab Strategic TRSCHD | <0.1% | $1m | 35,238 | Held |
| AT&TT | <0.1% | $1m | 50,228 | -7% |
| Ishares TRIJJ | <0.1% | $1m | 6,923 | Held |
| Select Sector Spdr TRXLU | <0.1% | $1m | 22,360 | Held |
| Dominos PizzaDPZ | <0.1% | $1m | 3,422 | -77% |
| Vanguard World FDVIS | <0.1% | $1m | 2,799 | Held |
| SaiaSAIA | <0.1% | $996,465 | 2,366 | New |
Showing the largest 100 of 155.
Options (2)
- NvidiaNVDA
- Type
- Put
- Value
- $2,650
- Contracts
- 10
- NvidiaNVDA
- Type
- Call
- Value
- $4
- Contracts
- 2
| Company | Type | Value | Contracts |
|---|---|---|---|
| NvidiaNVDA | Put | $2,650 | 10 |
| NvidiaNVDA | Call | $4 | 2 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 16.3% since 30 June 2025.
Where the money is
Technology25.2%
Financial services10.1%
Media & telecom9.2%
Industrials8.8%
Retail & consumer6.6%
Health care5.7%
Materials3.3%
Energy3.1%
Everyday goods3.0%
Utilities1.5%
Real estate0.7%
Other22.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.