Narwhal Capital Management Portfolio Holdings

Narwhal Capital Management

$1.08 Billion
Q1 2025

Narwhal Capital Management has filed its 13F form on April 22, 2025 for Q1 2025 where it was disclosed a total value porftolio of $1.08 Billion distributed in 161 stocks.

Among their holdings, we can observe that their the top five positions include companies like: Ishares Core S&P 500 ETF with a value of $98.5M, Apple Inc. with a value of $61.6M, Microsoft Corp with a value of $60.3M, Nvidia Corp with a value of $55.4M, and Alphabet Inc. with a value of $48.1M.

Examining the 13F form we can see an decrease of $12M in the current position value, from $1.09B to 1.08B.

Below you can find more details about Narwhal Capital Management portfolio as well as his latest detailed transactions.

Portfolio value $1.08 Billion

Technology: $233 Million

ETFs: $229 Million

Financial Services: $111 Million

Consumer Cyclical: $89.8 Million

Healthcare: $85.9 Million

Industrials: $83.5 Million

Communication Services: $80.7 Million

Consumer Defensive: $60.6 Million

Other: $109 Million

Stock Holdings Table

Stock	Market Cap.	Holding Value (Reported)	# of Shares.	Last Trade
IVV Ishares Core S&P 500 ETF ETFs	$0	$98.5 Million 9.11% of portfolio	175,381	Q1 2025 Added 4.72%
AAPL Apple Inc. Technology	$3.45T	$61.6 Million 5.69% of portfolio	277,333	Q1 2025 Added 1.19%
MSFT Microsoft Corp Technology	$3.77T	$60.3 Million 5.58% of portfolio	160,705	Q1 2025 Added 1.7%
NVDA Nvidia Corp Technology	$416B	$55.4 Million 5.12% of portfolio	511,339	Q1 2025 Reduced 2.87%
GOOG Alphabet Inc. Communication Services	$1.17T	$48.1 Million 4.45% of portfolio	307,911	Q1 2025 Added 3.96%
AMZN Amazon Com Inc Consumer Cyclical	$2.32T	$40.1 Million 3.71% of portfolio	210,773	Q1 2025 Added 1.65%
IAU Ishares Gold Trust ETFs	$54.4B	$40 Million 3.7% of portfolio	678,323	Q1 2025 Reduced 0.31%
JPM Jpmorgan Chase & CO Financial Services	$855B	$32 Million 2.96% of portfolio	130,585	Q1 2025 Added 3.83%
VMC Vulcan Materials CO Basic Materials	$35.2B	$28.8 Million 2.66% of portfolio	123,450	Q1 2025 Reduced 0.7%
META Meta Platforms, Inc. Communication Services	$1.58T	$25.8 Million 2.39% of portfolio	44,845	Q1 2025 Added 2.33%
HD Home Depot, Inc. Consumer Cyclical	$380B	$21.8 Million 2.01% of portfolio	59,364	Q1 2025 Added 6.86%
V Visa Inc. Financial Services	$575B	$18.4 Million 1.7% of portfolio	52,609	Q1 2025 Added 6.43%
GS Goldman Sachs Group Inc Financial Services	$239B	$18.3 Million 1.69% of portfolio	33,564	Q1 2025 Added 18.81%
LLY Eli Lilly & CO Healthcare	$738B	$17.8 Million 1.64% of portfolio	21,531	Q1 2025 Reduced 4.12%
IVE Ishares S&P 500 Value ETF ETFs	$0	$17.8 Million 1.64% of portfolio	93,284	Q1 2025 Added 3.9%
PG Procter & Gamble CO Consumer Defensive	$375B	$17.4 Million 1.61% of portfolio	101,999	Q1 2025 Added 15.37%
JNJ Johnson & Johnson Healthcare	$439B	$17.1 Million 1.58% of portfolio	102,924	Q1 2025 Added 2.91%
MRK Merck & Co., Inc. Healthcare	$207B	$15.5 Million 1.43% of portfolio	172,275	Q1 2025 Added 25.02%
LMT Lockheed Martin Corp Industrials	$108B	$14.1 Million 1.3% of portfolio	31,528	Q1 2025 Reduced 13.07%
PM Philip Morris International Inc. Consumer Defensive	$256B	$13.6 Million 1.26% of portfolio	85,609	Q1 2025 Added 22.18%
AXP American Express CO Financial Services	$227B	$13.6 Million 1.25% of portfolio	50,458	Q1 2025 Added 1.8%
UNH Unitedhealth Group Inc Healthcare	$267B	$12.8 Million 1.19% of portfolio	24,493	Q1 2025 Reduced 32.27%
GD General Dynamics Corp Industrials	$81.7B	$12.4 Million 1.15% of portfolio	45,628	Q1 2025 Added 17.28%
LHX L3 Harris Technologies, Inc. Industrials	$50.3B	$11.7 Million 1.08% of portfolio	55,773	Q1 2025 Added 21.58%
CSCO Cisco Systems, Inc. Technology	$280B	$11.2 Million 1.04% of portfolio	182,268	Q1 2025 Added 15.81%
IWF Ishares Russell 1000 Gr ETF ETFs	$0	$11.2 Million 1.04% of portfolio	31,054	Q1 2025 Reduced 0.05%
XOM Exxon Mobil Corp Energy	$452B	$10.9 Million 1.0% of portfolio	91,262	Q1 2025 Added 17.23%
NEE Nextera Energy Inc Utilities	$152B	$10.8 Million 0.99% of portfolio	151,836	Q1 2025 Reduced 9.78%
AVGO Broadcom Inc. Technology	$113B	$10.3 Million 0.95% of portfolio	61,333	Q1 2025 Added 56.24%
QCOM Qualcomm Inc Technology	$177B	$9.46 Million 0.87% of portfolio	61,582	Q1 2025 Reduced 33.32%
BX Blackstone Inc. Financial Services	$120B	$9.03 Million 0.83% of portfolio	64,614	Q1 2025 Added 34.25%
BTT Black Rock Municipal 2030 Target Term Trust Financial Services	$0	$8.99 Million 0.83% of portfolio	423,311	Q1 2025 Reduced 3.15%
ADI Analog Devices Inc Technology	$121B	$8.71 Million 0.81% of portfolio	43,208	Q1 2025 Reduced 2.35%
NOC Northrop Grumman Corp Industrials	$86.8B	$8.52 Million 0.79% of portfolio	16,641	Q1 2025 Reduced 12.12%
AVB Avalonbay Communities Inc Real Estate	$28.1B	$8.48 Million 0.78% of portfolio	39,515	Q1 2025 Added 607.27%
RTX Raytheon Technologies Corp Industrials	$219B	$8.37 Million 0.77% of portfolio	63,152	Q1 2025 Added 0.51%
CAT Caterpillar Inc Industrials	$220B	$8.11 Million 0.75% of portfolio	24,602	Q1 2025 Reduced 0.83%
ABT Abbott Laboratories Healthcare	$220B	$7.97 Million 0.74% of portfolio	60,055	Q1 2025 Added 16.67%
GGG Graco Inc Industrials	$14.5B	$7.52 Million 0.69% of portfolio	90,011	Q1 2025 Added 7.67%
COST Costco Wholesale Corp Consumer Defensive	$417B	$7.17 Million 0.66% of portfolio	7,577	Q1 2025 Added 0.72%
CSGP Costar Group, Inc. Real Estate	$34.6B	$6.86 Million 0.63% of portfolio	86,552	Q1 2025 Added 67.33%
MLI Mueller Industries Inc Industrials	$4.74B	$6.71 Million 0.62% of portfolio	88,173	Q1 2025 Added 92.32%
VLO Valero Energy Corp Energy	$56.4B	$6.71 Million 0.62% of portfolio	50,827	Q1 2025 Added 6.78%
PEP Pepsico Inc Consumer Defensive	$201B	$6.72 Million 0.62% of portfolio	44,794	Q1 2025 Reduced 22.25%
MUSA Murphy Usa Inc. Consumer Cyclical	$9.54B	$6.3 Million 0.58% of portfolio	13,413	Q1 2025 Added 98.59%
NVS Novartis Ag Healthcare	$251B	$5.79 Million 0.54% of portfolio	51,982	Q1 2025 Reduced 2.3%
CVX Chevron Corp Energy	$294B	$5.85 Million 0.54% of portfolio	34,997	Q1 2025 Added 1.84%
STZ Constellation Brands, Inc. Consumer Defensive	$27.1B	$5.7 Million 0.53% of portfolio	31,044	Q1 2025 Added 0.53%
QQQ Invesco Qqq Trust, Series 1 ETFs	$0	$5.73 Million 0.53% of portfolio	12,222	Q1 2025 Added 23.09%
CINF Cincinnati Financial Corp Financial Services	$23.7B	$5.58 Million 0.52% of portfolio	37,790	Q1 2025 Reduced 10.74%

Summary

Portfolio
No. of Stocks 161
Current Value $1.08 Billion
Prior Value $1.09 Billion
Filing
Period Q1 2025
Filing Date April 22, 2025
Form Type 13F-HR
Activity in Q1 2025
New Purchases 5 stocks
Additional Purchases 54 stocks
Sold out of 0 stocks
Reduced holdings in 50 stocks

Track This Portfolio

Portfolio Update

Get notified when there are updates to the investment portfolio of Narwhal Capital Management, based on Form 13F filings with the SEC.

News

Stay updated on Narwhal Capital Management with notifications on news.

Account

Narwhal Capital Management Portfolio Holdings