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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

Narwhal Capital Management

Quarter ended Q4 2024 · Filed January 22, 2025 · Accession 0001085146-25-000391

Total Value
$1.13B
Positions
161
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (161)

#IssuerTicker / CUSIPSharesValue% of Filing
1ISHARES TR464287200167,479$98.6M8.71%
2NVIDIA CORPORATIONNVDA526,475$70.7M6.25%
3APPLE INCAAPL274,069$68.6M6.07%
4MICROSOFT CORPMSFT158,025$66.6M5.89%
5ALPHABET INCGOOG296,188$56.4M4.99%
6AMAZON COM INCAMZN207,358$45.5M4.02%
7ISHARES GOLD TRIAU680,464$33.7M2.98%
8VULCAN MATLS CO929160109124,323$32.0M2.83%
9JPMORGAN CHASE & CO.VYLD125,770$30.1M2.66%
10META PLATFORMS INCMETA43,822$25.7M2.27%
11BLACKROCK INCBLK21,714$22.3M1.97%
12HOME DEPOT INCHD55,551$21.6M1.91%
13UNITEDHEALTH GROUP INCUNH36,161$18.3M1.62%
14LOCKHEED MARTIN CORPLMT36,270$17.6M1.56%
15ELI LILLY & COLLY22,456$17.3M1.53%
16ISHARES TR46428740889,784$17.1M1.51%
17GOLDMAN SACHS GROUP INCGSCE28,249$16.2M1.43%
18VISA INCV49,432$15.6M1.38%
19PROCTER AND GAMBLE CO74271810988,411$14.8M1.31%
20AMERICAN EXPRESS COAXP49,567$14.7M1.30%
21JOHNSON & JOHNSONJNJ100,016$14.5M1.28%
22QUALCOMM INCQCOM92,359$14.2M1.25%
23MERCK & CO INCMRK137,797$13.7M1.21%
24ISHARES TR46428761431,070$12.5M1.10%
25NEXTERA ENERGY INCNEE-PW168,289$12.1M1.07%
26GENERAL DYNAMICS CORPGD38,906$10.3M0.91%
27L3HARRIS TECHNOLOGIES INCLHX45,873$9.6M0.85%
28ANALOG DEVICES INCADI44,249$9.4M0.83%
29CISCO SYS INCCSCO157,386$9.3M0.82%
30BROADCOM INCAVGO39,255$9.1M0.80%
31CATERPILLAR INCCAT24,809$9.0M0.80%
32BLACKROCK MUN TARGET TERM TRBLK437,070$9.0M0.80%
33NORTHROP GRUMMAN CORPNOC18,937$8.9M0.79%
34PEPSICO INCPEP57,612$8.8M0.77%
35PHILIP MORRIS INTL INC71817210970,070$8.4M0.75%
36EXXON MOBIL CORPXOM77,851$8.4M0.74%
37BLACKSTONE INCBX48,128$8.3M0.73%
38RTX CORPORATIONRTX62,830$7.3M0.64%
39GRACO INCGGG83,601$7.0M0.62%
40COSTCO WHSL CORP NEW22160K1057,523$6.9M0.61%
41CONSTELLATION BRANDS INCSTZ30,880$6.8M0.60%
42MILLER INDS INC TENN600551204101,226$6.6M0.58%
43CANADIAN PACIFIC KANSAS CITYCP87,867$6.4M0.56%
44CINCINNATI FINL CORP17206210142,338$6.1M0.54%
45HCA HEALTHCARE INCHCA19,506$5.9M0.52%
46VALERO ENERGY CORPVLO47,599$5.8M0.52%
47ABBOTT LABSABLZF51,473$5.8M0.51%
48ISHARES TR46428730956,000$5.7M0.50%
49CRH PLCCRH60,189$5.6M0.49%
50ENTEGRIS INCENTG52,463$5.2M0.46%
51NOVARTIS AGNVSEF53,208$5.2M0.46%
52INVESCO QQQ TRIVZ9,929$5.1M0.45%
53CHEVRON CORP NEWCVX34,364$5.0M0.44%
54TARGET CORPTGT36,679$5.0M0.44%
55SELECT SECTOR SPDR TR81369Y80321,000$4.9M0.43%
56SPDR DOW JONES INDL AVERAGE78467X10911,082$4.7M0.42%
57DOMINOS PIZZA INCDPZ10,728$4.5M0.40%
58DISNEY WALT CO25468710638,992$4.3M0.38%
59KINDER MORGAN INC DELEP-PC151,137$4.1M0.37%
60GARMIN LTDGRMN18,447$3.8M0.34%
61CHAMPIONX CORPORATION15872M104137,231$3.7M0.33%
62COSTAR GROUP INCCSGP51,725$3.7M0.33%
63MUELLER INDS INC62475610245,846$3.6M0.32%
64SPDR GOLD TRGLD14,595$3.5M0.31%
65CONSTELLATION ENERGY CORPCEG15,658$3.5M0.31%
66ISHARES TR46428716825,949$3.4M0.30%
67BERKSHIRE HATHAWAY INC DELBRK-A5$3.4M0.30%
68MURPHY USA INCMUSA6,754$3.4M0.30%
69VANGUARD WORLD FD92204A80117,998$3.4M0.30%
70ADOBE INCADBE7,436$3.3M0.29%
71VANGUARD INDEX FDS92290855336,812$3.3M0.29%
72ETFS GOLD TR00326A104127,340$3.2M0.28%
73TESLA INCTSLA7,441$3.0M0.27%
74SCHLUMBERGER LTDSLB74,645$2.9M0.25%
75RHRH7,189$2.8M0.25%
76SPDR SER TR78464A76320,989$2.8M0.25%
77NOV INCNOV186,767$2.7M0.24%
78ISHARES TR46428780423,562$2.7M0.24%
79SIMPLIFY EXCHANGE TRADED FUN82889N52550,489$2.5M0.22%
80SERVICENOW INCNOW2,216$2.3M0.21%
81BWX TECHNOLOGIES INCBWXT20,979$2.3M0.21%
82STARBUCKS CORPSBUX24,349$2.2M0.20%
83NEXPOINT RESIDENTIAL TR INCNXRT47,670$2.0M0.18%
84LULULEMON ATHLETICA INCLULU5,177$2.0M0.17%
85WALMART INCWMT20,891$1.9M0.17%
86EXELON CORPEXC47,180$1.8M0.16%
87ONEOK INC NEWOKE17,602$1.8M0.16%
88WISDOMTREE TRWT21,779$1.8M0.16%
89ELEVANCE HEALTH INCELV4,275$1.6M0.14%
90UNILEVER PLCUNLYF26,185$1.5M0.13%
91ALTRIA GROUP INCMO26,045$1.4M0.12%
92AMGEN INCAMGN5,082$1.3M0.12%
93DIAGEO PLCDGEAF9,697$1.2M0.11%
94AVALONBAY CMNTYS INCAWX5,587$1.2M0.11%
95AT&T INCT-PC53,595$1.2M0.11%
96SPDR S&P 500 ETF TRSPY1,946$1.1M0.10%
97ORACLE CORPORCL-PD6,609$1.1M0.10%
98HF SINCLAIR CORPDINO29,450$1.0M0.09%
99NATERA INCNTRA6,499$1.0M0.09%
100DELTA AIR LINES INC DELDAL16,957$1.0M0.09%
101ENTERGY CORP NEWENO13,000$985,6600.09%
102SELECT SECTOR SPDR TR81369Y50611,341$971,4700.09%
103SCHWAB STRATEGIC TR80852479734,695$947,8670.08%
104NXP SEMICONDUCTORS N VNXPI4,540$943,6390.08%
105TAIWAN SEMICONDUCTOR MFG LTD8740391004,624$913,1940.08%
106ISHARES TR46428749910,231$904,4200.08%
107SELECT SECTOR SPDR TR81369Y2096,555$901,7710.08%
108SELECT SECTOR SPDR TR81369Y88611,822$894,8070.08%
109MICRON TECHNOLOGY INCMU10,520$885,3630.08%
110ISHARES TR4642877056,923$865,0980.08%
111ISHARES TR46428750713,780$858,6320.08%
112ENTERPRISE PRODS PARTNERS L29379210726,200$821,6320.07%
113T-MOBILE US INCTMUSZ3,656$806,9890.07%
114VANGUARD INDEX FDS9229087361,800$738,7920.07%
115VANGUARD WORLD FD92204A6032,799$712,0390.06%
116SELECT SECTOR SPDR TR81369Y3089,044$710,9490.06%
117BHP GROUP LTDBHPLF14,000$683,6200.06%
118FIRST TR EXCHANGE-TRADED FD33739Q20013,879$675,4910.06%
119ATLANTA BRAVES HLDGS INCBATRB17,399$665,6860.06%
120ISHARES TR4642876552,981$658,6820.06%
121MOLSON COORS BEVERAGE COTAP-A11,075$634,8190.06%
122TRANSOCEAN LTDRIG160,000$600,0000.05%
123SKYWORKS SOLUTIONS INCSWKS6,557$581,4750.05%
124HONEYWELL INTL INC4385161062,522$569,6950.05%
125VANGUARD INDEX FDS9229086522,980$566,1400.05%
126D R HORTON INC23331A1093,735$522,2280.05%
127CVS HEALTH CORPCVS11,509$516,6390.05%
128BOEING COBA-PA2,917$516,3090.05%
129ISHARES TR46428723412,250$512,2950.05%
130PROSHARES TR74347G6066,390$482,1500.04%
131GENERAL MTRS CO37045V1008,362$445,4500.04%
132PACER FDS TR69374H85710,000$440,1000.04%
133DEERE & CODE990$419,4630.04%
134VANGUARD INTL EQUITY INDEX F9220428746,400$406,2080.04%
135ISHARES TR4642877968,825$402,1550.04%
136WELLS FARGO CO NEW9497461015,510$387,0220.03%
137VANGUARD INDEX FDS9229085951,350$378,0810.03%
138PROSHARES TR74348A4673,500$348,4250.03%
139HUNT J B TRANS SVCS INC4456581072,022$345,0750.03%
140ISHARES TR4642887602,260$328,4910.03%
141FIRST TR EXCHANGE-TRADED FD33738D83816,172$320,7550.03%
142SOUTHERN COSOMN3,859$317,6730.03%
143SONY GROUP CORPSNEJF15,000$317,4000.03%
144VANGUARD INTL EQUITY INDEX F9220428587,190$316,6480.03%
145FEDEX CORPFDX1,120$315,0900.03%
146SOUTHWEST AIRLS CO8447411089,080$305,2700.03%
147FIRST TR MTG INCOME FD33734E10325,461$305,2140.03%
148INVESCO EXCH TRADED FD TR IIIVZ3,135$297,8560.03%
149VANGUARD SCOTTSDALE FDS92206C7301,011$269,6540.02%
150BERKSHIRE HATHAWAY INC DELBRK-A586$265,6220.02%
151SELECT SECTOR SPDR TR81369Y6055,250$253,7330.02%
152SELECT SECTOR SPDR TR81369Y7041,925$253,6380.02%
153ISHARES TR4642898674,200$240,7440.02%
154SCHWAB STRATEGIC TR8085242019,909$229,6820.02%
155PFIZER INCPFE8,474$224,8160.02%
156ALPHABET INCGOOG1,175$222,4280.02%
157ISHARES TR4642877623,750$218,5130.02%
158COMCAST CORP NEWCCZ5,702$213,9960.02%
159VANGUARD SCOTTSDALE FDS92206C8132,806$209,8270.02%
160NUVEEN MUN VALUE FD INCNU10,050$86,3300.01%
161BP PRUDHOE BAY RTY TRBPPFF23,587$12,5010.00%