Narwhal Capital Management

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Narwhal Capital Management maintained a portfolio of 171 distinct positions. They heavily accumulated shares in ISHARES TR, increasing their position by 3.3%. Conversely, Narwhal Capital Management completely exited their position in ZOETIS INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
171
Quarter
2025 Q4
Top Holding
IVV (10.5%)
Top 10 Concentration
50.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 171
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
IVV
ISHARES TR
ETF 10.48% 10.11% #1
Prev: #1
6.5 6,640 3.3%
P
S
210,559 $144,220,539 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NVDA
NVIDIA CORPORAT...
Technology 6.75% 7.02% #2
Prev: #2
4.7 -10,109 -2.0%
P
S
498,129 $92,901,028 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 6.49% 5.12% #3 2
Prev: #5
4.1 420 0.1%
P
S
284,507 $89,278,432 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 5.67% 5.99% #4 1
Prev: #3
3.3 5,328 3.4%
P
S
161,397 $78,055,007 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AAPL
APPLE INC
Technology 5.45% 5.14% #5 1
Prev: #4
3.2 3,563 1.3%
P
S
276,129 $75,068,479 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IAU
ISHARES GOLD TR
ETF 3.97% 3.62% #6
Prev: #6
2.1 582 0.1%
P
S
672,623 $54,596,809 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 3.63% 3.44% #7
Prev: #7
2.0 4,854 2.3%
P
S
216,606 $49,996,997 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
JPM
JPMORGAN CHASE ...
Financial Services 3.04% 2.99% #8 1
Prev: #9
1.7 1,819 1.4%
P
S
130,003 $41,889,466 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VMC
VULCAN MATLS CO
Basic Materials 2.75% 3.04% #9 1
Prev: #8
1.6 -501 -0.4%
P
S
132,893 $37,903,741 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 2.33% 2.78% #10
Prev: #10
1.4 -2,547 -5.0%
P
S
48,594 $32,076,419 2015 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BLK
BLACKROCK INC
Financial Services 1.65% 1.80% #11 1
Prev: #12
1.2 354 1.7%
P
S
21,179 $22,669,254 2013 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
LLY
ELI LILLY & CO
Healthcare 1.63% 1.31% #12 7
Prev: #19
1.2 -2,288 -9.9%
P
S
20,934 $22,497,351 2011 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GS
GOLDMAN SACHS G...
Financial Services 1.60% 1.57% #13
Prev: #13
1.1 -1,587 -6.0%
P
S
25,012 $21,985,769 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HD
HOME DEPOT INC
Consumer Cyclical 1.60% 1.83% #14 3
Prev: #11
1.1 3,005 4.9%
P
S
63,891 $21,984,747 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 1.52% 1.51% #15 1
Prev: #14
1.1 -207 -0.3%
P
S
59,688 $20,933,267 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AXP
AMERICAN EXPRES...
Financial Services 1.51% 1.46% #16 1
Prev: #15
1.1 -3,068 -5.2%
P
S
56,189 $20,787,205 2013 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
JNJ
JOHNSON & JOHNS...
Healthcare 1.44% 1.32% #17 1
Prev: #18
1.1 -590 -0.6%
P
S
95,781 $19,821,977 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IVE
ISHARES TR
ETF 1.43% 1.42% #18 2
Prev: #16
1.6 no change no change
P
S
92,784 $19,676,703 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ADI
ANALOG DEVICES ...
Technology 1.30% 1.10% #19 3
Prev: #22
2.5 5,519 9.2%
P
S
65,774 $17,837,909 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LMT
LOCKHEED MARTIN...
Industrials 1.17% 1.35% #20 3
Prev: #17
1.0 -3,228 -8.9%
P
S
33,237 $16,075,740 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CSCO
CISCO SYS INC
Technology 1.14% 0.84% #21 13
Prev: #34
3.0 39,120 23.7%
P
S
204,140 $15,724,940 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LHX
L3HARRIS TECHNO...
Industrials 1.09% 1.13% #22 2
Prev: #20
0.9 1,157 2.3%
P
S
51,285 $15,055,756 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IWF
ISHARES TR
ETF 1.08% 1.09% #23
Prev: #23
1.4 no change no change
P
S
31,327 $14,827,069 2012 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
XOM
EXXON MOBIL COR...
Energy 1.06% 0.87% #24 8
Prev: #32
2.4 17,022 16.4%
P
S
120,665 $14,520,797 2009 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NEE
NEXTERA ENERGY ...
Utilities 1.04% 0.98% #25
Prev: #25
0.9 2,233 1.3%
P
S
178,346 $14,317,628 2010 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ZTS
ZOETIS INC
Healthcare 0.00% 0.17%
Sold All 😨
(Was: #81)
0.0 -15,859 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RH
RH
Consumer Cyclical 0.00% 0.08%
Sold All 😨
(Was: #95)
0.0 -5,303 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TGT
TARGET CORP
Consumer Defensive 0.00% 0.03%
Sold All 😨
(Was: #138)
0.0 -3,957 -100.0%
CLOSED
$— 2018 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PSN
PARSONS CORP DE...
Technology 0.00% 0.03%
Sold All 😨
(Was: #139)
0.0 -4,110 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IBIT
ISHARES BITCOIN...
Bond/Debt 0.00% 0.02%
Sold All 😨
(Was: #140)
0.0 -5,171 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TAP
MOLSON COORS BE...
Consumer Defensive 0.00% 0.02%
Sold All 😨
(Was: #147)
0.0 -6,480 -100.0%
CLOSED
$— 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DEO
DIAGEO PLC
Consumer Defensive 0.00% 0.02%
Sold All 😨
(Was: #155)
0.0 -2,461 -100.0%
CLOSED
$— 2009 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FMY
FIRST TR MTG IN...
Financial Services 0.00% 0.01%
Sold All 😨
(Was: #162)
0.0 -13,170 -100.0%
CLOSED
$— 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 171 holdings

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