13F HOLDINGS REPORT
Narwhal Capital Management
Quarter ended Q1 2025 · Filed April 23, 2025 · Accession 0001085146-25-002254
Total Value
$1.12B
Positions
161
Other Managers
0
Confidential Omitted
No
Holdings (161)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 464287200 | 175,381 | $98.5M | 8.78% |
| 2 | APPLE INC | AAPL | 277,333 | $61.6M | 5.49% |
| 3 | MICROSOFT CORP | MSFT | 160,705 | $60.3M | 5.38% |
| 4 | NVIDIA CORPORATION | NVDA | 511,339 | $55.4M | 4.94% |
| 5 | ALPHABET INC | GOOG | 307,911 | $48.1M | 4.29% |
| 6 | AMAZON COM INC | AMZN | 210,773 | $40.1M | 3.57% |
| 7 | ISHARES GOLD TR | IAU | 678,323 | $40.0M | 3.56% |
| 8 | JPMORGAN CHASE & CO. | VYLD | 130,585 | $32.0M | 2.85% |
| 9 | VULCAN MATLS CO | 929160109 | 123,450 | $28.8M | 2.57% |
| 10 | META PLATFORMS INC | META | 44,845 | $25.8M | 2.30% |
| 11 | HOME DEPOT INC | HD | 59,364 | $21.8M | 1.94% |
| 12 | BLACKROCK INC | BLK | 22,169 | $21.0M | 1.87% |
| 13 | VISA INC | V | 52,609 | $18.4M | 1.64% |
| 14 | GOLDMAN SACHS GROUP INC | GSCE | 33,564 | $18.3M | 1.63% |
| 15 | ELI LILLY & CO | LLY | 21,531 | $17.8M | 1.58% |
| 16 | ISHARES TR | 464287408 | 93,284 | $17.8M | 1.58% |
| 17 | PROCTER AND GAMBLE CO | 742718109 | 101,999 | $17.4M | 1.55% |
| 18 | JOHNSON & JOHNSON | JNJ | 102,924 | $17.1M | 1.52% |
| 19 | MERCK & CO INC | MRK | 172,275 | $15.5M | 1.38% |
| 20 | LOCKHEED MARTIN CORP | LMT | 31,528 | $14.1M | 1.25% |
| 21 | PHILIP MORRIS INTL INC | 718172109 | 85,609 | $13.6M | 1.21% |
| 22 | AMERICAN EXPRESS CO | AXP | 50,458 | $13.6M | 1.21% |
| 23 | UNITEDHEALTH GROUP INC | UNH | 24,493 | $12.8M | 1.14% |
| 24 | GENERAL DYNAMICS CORP | GD | 45,628 | $12.4M | 1.11% |
| 25 | L3HARRIS TECHNOLOGIES INC | LHX | 55,773 | $11.7M | 1.04% |
| 26 | CISCO SYS INC | CSCO | 182,268 | $11.2M | 1.00% |
| 27 | ISHARES TR | 464287614 | 31,054 | $11.2M | 1.00% |
| 28 | EXXON MOBIL CORP | XOM | 91,262 | $10.9M | 0.97% |
| 29 | NEXTERA ENERGY INC | NEE-PW | 151,836 | $10.8M | 0.96% |
| 30 | BROADCOM INC | AVGO | 61,333 | $10.3M | 0.92% |
| 31 | CANADIAN PACIFIC KANSAS CITY | CP | 144,286 | $10.1M | 0.90% |
| 32 | QUALCOMM INC | QCOM | 61,582 | $9.5M | 0.84% |
| 33 | BLACKSTONE INC | BX | 64,614 | $9.0M | 0.80% |
| 34 | BLACKROCK MUN TARGET TERM TR | BLK | 423,311 | $9.0M | 0.80% |
| 35 | ANALOG DEVICES INC | ADI | 43,208 | $8.7M | 0.78% |
| 36 | NORTHROP GRUMMAN CORP | NOC | 16,641 | $8.5M | 0.76% |
| 37 | AVALONBAY CMNTYS INC | AWX | 39,515 | $8.5M | 0.76% |
| 38 | RTX CORPORATION | RTX | 63,152 | $8.4M | 0.75% |
| 39 | CATERPILLAR INC | CAT | 24,602 | $8.1M | 0.72% |
| 40 | ABBOTT LABS | ABLZF | 60,055 | $8.0M | 0.71% |
| 41 | GRACO INC | GGG | 90,011 | $7.5M | 0.67% |
| 42 | COSTCO WHSL CORP NEW | 22160K105 | 7,577 | $7.2M | 0.64% |
| 43 | COSTAR GROUP INC | CSGP | 86,552 | $6.9M | 0.61% |
| 44 | PEPSICO INC | PEP | 44,794 | $6.7M | 0.60% |
| 45 | MUELLER INDS INC | 624756102 | 88,173 | $6.7M | 0.60% |
| 46 | VALERO ENERGY CORP | VLO | 50,827 | $6.7M | 0.60% |
| 47 | MURPHY USA INC | MUSA | 13,413 | $6.3M | 0.56% |
| 48 | CHEVRON CORP NEW | CVX | 34,997 | $5.9M | 0.52% |
| 49 | NOVARTIS AG | NVSEF | 51,982 | $5.8M | 0.52% |
| 50 | INVESCO QQQ TR | IVZ | 12,222 | $5.7M | 0.51% |
| 51 | CONSTELLATION BRANDS INC | STZ | 31,044 | $5.7M | 0.51% |
| 52 | CINCINNATI FINL CORP | 172062101 | 37,790 | $5.6M | 0.50% |
| 53 | LULULEMON ATHLETICA INC | LULU | 18,777 | $5.3M | 0.47% |
| 54 | ISHARES TR | 464287309 | 56,289 | $5.2M | 0.47% |
| 55 | MILLER INDS INC TENN | 600551204 | 121,499 | $5.1M | 0.46% |
| 56 | CRH PLC | CRH | 55,328 | $4.9M | 0.43% |
| 57 | SPDR DOW JONES INDL AVERAGE | 78467X109 | 11,080 | $4.7M | 0.41% |
| 58 | DISNEY WALT CO | 254687106 | 46,698 | $4.6M | 0.41% |
| 59 | SELECT SECTOR SPDR TR | 81369Y803 | 21,000 | $4.3M | 0.39% |
| 60 | KINDER MORGAN INC DEL | EP-PC | 151,137 | $4.3M | 0.38% |
| 61 | UFP INDUSTRIES INC | UFPI | 39,434 | $4.2M | 0.38% |
| 62 | SPDR GOLD TR | GLD | 14,359 | $4.1M | 0.37% |
| 63 | DOMINOS PIZZA INC | DPZ | 8,753 | $4.0M | 0.36% |
| 64 | CHAMPIONX CORPORATION | 15872M104 | 134,735 | $4.0M | 0.36% |
| 65 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 5 | $4.0M | 0.36% |
| 66 | HCA HEALTHCARE INC | HCA | 10,450 | $3.6M | 0.32% |
| 67 | ENTEGRIS INC | ENTG | 41,125 | $3.6M | 0.32% |
| 68 | ETFS GOLD TR | 00326A104 | 120,180 | $3.6M | 0.32% |
| 69 | ISHARES TR | 464287168 | 25,946 | $3.5M | 0.31% |
| 70 | RH | RH | 14,198 | $3.3M | 0.30% |
| 71 | CONSTELLATION ENERGY CORP | CEG | 15,658 | $3.2M | 0.28% |
| 72 | ORACLE CORP | ORCL-PD | 21,963 | $3.1M | 0.27% |
| 73 | SIMPLIFY EXCHANGE TRADED FUN | 82889N525 | 58,322 | $2.9M | 0.26% |
| 74 | SPDR SER TR | 78464A763 | 20,989 | $2.8M | 0.25% |
| 75 | NOV INC | NOV | 183,219 | $2.8M | 0.25% |
| 76 | TARGET CORP | TGT | 26,329 | $2.7M | 0.24% |
| 77 | ADOBE INC | ADBE | 7,100 | $2.7M | 0.24% |
| 78 | WALMART INC | WMT | 30,119 | $2.6M | 0.24% |
| 79 | ISHARES TR | 464287804 | 23,562 | $2.5M | 0.22% |
| 80 | VANGUARD WORLD FD | 92204A801 | 12,803 | $2.4M | 0.22% |
| 81 | SCHLUMBERGER LTD | SLB | 57,075 | $2.4M | 0.21% |
| 82 | STARBUCKS CORP | SBUX | 23,456 | $2.3M | 0.21% |
| 83 | GARMIN LTD | GRMN | 10,546 | $2.3M | 0.20% |
| 84 | EXELON CORP | EXC | 47,180 | $2.2M | 0.19% |
| 85 | VANGUARD INDEX FDS | 922908553 | 22,320 | $2.0M | 0.18% |
| 86 | BWX TECHNOLOGIES INC | BWXT | 18,991 | $1.9M | 0.17% |
| 87 | ONEOK INC NEW | OKE | 17,602 | $1.7M | 0.16% |
| 88 | WISDOMTREE TR | WT | 21,779 | $1.7M | 0.15% |
| 89 | ELEVANCE HEALTH INC | ELV | 3,675 | $1.6M | 0.14% |
| 90 | AMGEN INC | AMGN | 5,056 | $1.6M | 0.14% |
| 91 | ALTRIA GROUP INC | MO | 26,045 | $1.6M | 0.14% |
| 92 | UNILEVER PLC | UNLYF | 26,181 | $1.6M | 0.14% |
| 93 | AT&T INC | T-PC | 53,595 | $1.5M | 0.14% |
| 94 | NATERA INC | NTRA | 9,993 | $1.4M | 0.13% |
| 95 | NEXPOINT RESIDENTIAL TR INC | NXRT | 32,162 | $1.3M | 0.11% |
| 96 | DEERE & CO | DE | 2,691 | $1.3M | 0.11% |
| 97 | SERVICENOW INC | NOW | 1,473 | $1.2M | 0.10% |
| 98 | TESLA INC | TSLA | 4,514 | $1.2M | 0.10% |
| 99 | SPDR S&P 500 ETF TR | SPY | 1,997 | $1.1M | 0.10% |
| 100 | ENTERGY CORP NEW | ENO | 13,000 | $1.1M | 0.10% |
| 101 | SELECT SECTOR SPDR TR | 81369Y506 | 11,341 | $1.1M | 0.09% |
| 102 | SCHWAB STRATEGIC TR | 808524797 | 36,095 | $1.0M | 0.09% |
| 103 | HF SINCLAIR CORP | DINO | 29,450 | $968,316 | 0.09% |
| 104 | SELECT SECTOR SPDR TR | 81369Y209 | 6,555 | $957,096 | 0.09% |
| 105 | SELECT SECTOR SPDR TR | 81369Y886 | 11,822 | $932,165 | 0.08% |
| 106 | MICRON TECHNOLOGY INC | MU | 10,490 | $911,476 | 0.08% |
| 107 | ENTERPRISE PRODS PARTNERS L | 293792107 | 26,200 | $894,468 | 0.08% |
| 108 | ISHARES TR | 464287499 | 10,231 | $870,351 | 0.08% |
| 109 | NXP SEMICONDUCTORS N V | NXPI | 4,540 | $862,872 | 0.08% |
| 110 | DIAGEO PLC | DGEAF | 8,192 | $858,440 | 0.08% |
| 111 | ISHARES TR | 464287705 | 6,923 | $828,891 | 0.07% |
| 112 | ISHARES TR | 464287507 | 13,780 | $804,063 | 0.07% |
| 113 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 4,624 | $767,584 | 0.07% |
| 114 | CVS HEALTH CORP | CVS | 11,269 | $763,475 | 0.07% |
| 115 | DELTA AIR LINES INC DEL | DAL | 16,957 | $739,325 | 0.07% |
| 116 | SELECT SECTOR SPDR TR | 81369Y308 | 9,044 | $738,623 | 0.07% |
| 117 | FIRST TR EXCHANGE-TRADED FD | 33738D838 | 34,918 | $707,264 | 0.06% |
| 118 | ATLANTA BRAVES HLDGS INC | BATRB | 17,399 | $696,134 | 0.06% |
| 119 | VANGUARD WORLD FD | 92204A603 | 2,799 | $692,892 | 0.06% |
| 120 | FIRST TR EXCHANGE-TRADED FD | 33739Q200 | 13,991 | $687,798 | 0.06% |
| 121 | BHP GROUP LTD | BHPLF | 14,000 | $679,560 | 0.06% |
| 122 | MOLSON COORS BEVERAGE CO | TAP-A | 11,075 | $674,135 | 0.06% |
| 123 | VANGUARD INDEX FDS | 922908736 | 1,800 | $667,476 | 0.06% |
| 124 | NEW YORK LIFE INVTS ACTIVE E | 45409F843 | 28,046 | $662,727 | 0.06% |
| 125 | ISHARES TR | 464287655 | 2,912 | $580,915 | 0.05% |
| 126 | BOEING CO | BA-PA | 3,227 | $550,365 | 0.05% |
| 127 | ISHARES TR | 464287234 | 12,250 | $535,325 | 0.05% |
| 128 | UNITED PARCEL SERVICE INC | UPS | 4,848 | $533,232 | 0.05% |
| 129 | HONEYWELL INTL INC | 438516106 | 2,472 | $523,446 | 0.05% |
| 130 | VANGUARD INDEX FDS | 922908652 | 2,980 | $513,335 | 0.05% |
| 131 | TRANSOCEAN LTD | RIG | 160,000 | $507,200 | 0.05% |
| 132 | PROSHARES TR | 74347G606 | 6,390 | $465,512 | 0.04% |
| 133 | VANGUARD INTL EQUITY INDEX F | 922042874 | 6,400 | $449,344 | 0.04% |
| 134 | ISHARES TR | 464287796 | 8,825 | $435,073 | 0.04% |
| 135 | T-MOBILE US INC | TMUSZ | 1,615 | $430,737 | 0.04% |
| 136 | VANGUARD SCOTTSDALE FDS | 92206C730 | 1,568 | $398,052 | 0.04% |
| 137 | WELLS FARGO CO NEW | 949746101 | 5,492 | $394,271 | 0.04% |
| 138 | GENERAL MTRS CO | 37045V100 | 8,209 | $386,069 | 0.03% |
| 139 | SONY GROUP CORP | SNEJF | 15,000 | $380,850 | 0.03% |
| 140 | PACER FDS TR | 69374H857 | 10,000 | $375,000 | 0.03% |
| 141 | PROSHARES TR | 74348A467 | 3,500 | $357,630 | 0.03% |
| 142 | SOUTHERN CO | SOMN | 3,859 | $354,835 | 0.03% |
| 143 | ISHARES TR | 464288760 | 2,260 | $346,006 | 0.03% |
| 144 | VANGUARD INDEX FDS | 922908595 | 1,350 | $339,890 | 0.03% |
| 145 | VANGUARD INTL EQUITY INDEX F | 922042858 | 7,190 | $325,419 | 0.03% |
| 146 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 586 | $312,092 | 0.03% |
| 147 | SOUTHWEST AIRLS CO | 844741108 | 9,080 | $304,906 | 0.03% |
| 148 | INVESCO EXCH TRADED FD TR II | IVZ | 3,135 | $290,082 | 0.03% |
| 149 | SCHWAB STRATEGIC TR | 808524201 | 12,725 | $280,958 | 0.03% |
| 150 | SPDR SER TR | 78464A474 | 9,304 | $280,050 | 0.02% |
| 151 | VANGUARD SCOTTSDALE FDS | 92206C847 | 4,763 | $274,396 | 0.02% |
| 152 | FEDEX CORP | FDX | 1,120 | $273,034 | 0.02% |
| 153 | SELECT SECTOR SPDR TR | 81369Y605 | 5,250 | $261,503 | 0.02% |
| 154 | SELECT SECTOR SPDR TR | 81369Y704 | 1,925 | $252,310 | 0.02% |
| 155 | FIRST TR MTG INCOME FD | 33734E103 | 20,634 | $252,147 | 0.02% |
| 156 | ISHARES TR | 464289867 | 4,200 | $241,794 | 0.02% |
| 157 | ISHARES TR | 464287762 | 3,750 | $228,338 | 0.02% |
| 158 | COMCAST CORP NEW | CCZ | 5,702 | $210,404 | 0.02% |
| 159 | VANGUARD SCOTTSDALE FDS | 92206C813 | 2,742 | $208,158 | 0.02% |
| 160 | NUVEEN MUN VALUE FD INC | NU | 12,725 | $111,598 | 0.01% |
| 161 | BP PRUDHOE BAY RTY TR | BPPFF | 23,587 | $13,044 | 0.00% |