Fund Holdings

Narwhal Capital Management

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
SUNBELT RENTALS HOLDINGS INC(SUNB)099,371+99,37106,468,0580.48%+6,468,058
EXXON MOBIL CORP120,665119,703-96214,520,79720,308,7741.50%+5,787,977
INTERCONTINENTAL EXCHANGE IN(ICE)17,08652,178+35,0922,767,2498,206,5560.61%+5,439,307
ISHARES GOLD TR(IAU)672,623671,733-89054,596,80959,219,9814.37%+4,623,172
CATERPILLAR INC(CAT)21,70723,186+1,47912,435,28916,426,3561.21%+3,991,067
NETFLIX INC.(NFLX)8,93348,024+39,091837,5584,617,5080.34%+3,779,950
LOCKHEED MARTIN CORP(LMT)33,23732,125-1,11216,075,74019,416,0291.43%+3,340,289
JOHNSON & JOHNSON(JNJ)95,78194,611-1,17019,821,97723,126,6721.71%+3,304,695
VALERO ENERGY CORP(VLO)39,31039,062-2486,399,2319,651,4940.71%+3,252,263
BWX TECHNOLOGIES INC(BWXT)29,11638,969+9,8535,032,4097,968,7710.59%+2,936,362
ANALOG DEVICES INC(ADI)65,77463,560-2,21417,837,90920,220,9781.49%+2,383,069
CHEVRON CORPORATION(CVX)34,21835,774+1,5565,215,1657,401,6410.55%+2,186,476
CONSTELLATION BRANDS INC(STZ)5,82219,764+13,942803,2032,964,6000.22%+2,161,397
ENTEGRIS INC(ENTG)44,15946,839+2,6803,720,3965,491,4040.41%+1,771,008
NEXTERA ENERGY INC(NEE)178,346172,539-5,80714,317,62816,025,4581.18%+1,707,830
COSTCO WHOLESALE CORPORATION(COST)5,8086,740+9325,008,4716,715,9380.50%+1,707,467
MERCK & CO INC(MRK)111,743111,375-36811,762,06813,397,2990.99%+1,635,231
GRACO INC(GGG)54,08867,404+13,3164,433,5935,705,7490.42%+1,272,156
SLB LIMITED(SLB)123,007115,096-7,9114,721,0095,914,7830.44%+1,193,774
PROCTER & GAMBLE CO(PG)82,16889,457+7,28911,775,47912,921,2280.95%+1,145,749
L3HARRIS TECHNOLOGIES INC(LHX)51,28546,701-4,58415,055,75616,118,8721.19%+1,063,116
KINDER MORGAN INC DEL(KMI)154,280155,638+1,3584,241,1575,218,5420.39%+977,385
STARBUCKS CORP(SBUX)82,14287,728+5,5866,917,1787,859,5520.58%+942,374
SERVICENOW INC(NOW)16,97732,731+15,7542,600,7073,422,0260.25%+821,319
NEXPOINT RESIDENTIAL TR INC(NXRT)37,21776,610+39,3931,120,2321,915,2500.14%+795,018
RTX CORPORATION(RTX)72,35472,202-15213,269,72413,927,7661.03%+658,042
NOVARTIS AG(NVS)53,81252,668-1,1447,419,0608,045,0370.59%+625,977
WALMART INC(WMT)24,84927,051+2,2022,768,4273,361,8980.25%+593,471
UFP INDUSTRIES INC(UFPI)44,20849,721+5,5134,025,1384,580,2990.34%+555,161
MICRON TECHNOLOGY INC(MU)11,18811,023-1653,193,1673,724,0100.27%+530,843
FIRST TR HIGH YIELD OPPRT 20154,983196,865+41,8822,180,6092,663,5860.20%+482,977
PEPSICO INC(PEP)57,40356,091-1,3128,238,4458,710,3710.64%+471,926
VANGUARD SCOTTSDALE FDS
LONG TERM TREAS
08,235+8,2350455,8260.03%+455,826
GARMIN LTD(GRMN)18,32517,674-6513,717,2264,100,5450.30%+383,319
ENTERGY CORP NEW(ETR)14,09514,941+8461,302,8011,678,7710.12%+375,970
REGIONS FINANCIAL CORP NEW(RF)014,171+14,1710370,1470.03%+370,147
GENERAL DYNAMICS CORP(GD)37,52337,862+33912,632,49312,994,9960.96%+362,503
SPDR GOLD TR(GLD)10,26310,26304,067,3304,416,0660.33%+348,736
COCA COLA CO(KO)04,445+4,4450338,0420.02%+338,042
CANADIAN PACIFIC KANSAS CITY(CP)116,283112,975-3,3088,561,9178,886,6140.66%+324,697
FIRST TR EXCHANGE-TRADED FD
INTER GOVT ETF
42,45358,576+16,123869,2321,187,7700.09%+318,538
ANHEUSER BUSCH INBEV SA NV(BUD)04,406+4,4060305,6440.02%+305,644
SPDR SERIES TRUST
ST SHO TREAS ETF
010,399+10,3990303,4430.02%+303,443
ONEOK INC NEW(OKE)17,19417,19401,263,7591,554,1660.11%+290,407
ETFS GOLD TR(SGOL)116,026113,248-2,7784,766,3485,053,1260.37%+286,778
HOME DEPOT INC(HD)63,89167,655+3,76421,984,74722,250,9861.64%+266,239
UNION PAC CORP(UNP)01,018+1,0180246,9960.02%+246,996
AT&T INC(T)53,72353,728+51,334,4791,557,5780.11%+223,099
ISHARES TR20,97020,998+282,959,7063,179,2700.23%+219,564
HUNT J B TRANS SVCS INC(JBHT)01,023+1,0230216,7740.02%+216,774
VERIZON COMMUNICATIONS INC(VZ)04,090+4,0900205,3180.02%+205,318
SELECT SECTOR SPDR TR
ST STR ENERG ETF
11,68111,678-3522,251715,3940.05%+193,143
EXELON CORP(EXC)37,13036,855-2751,618,4971,806,6320.13%+188,135
HALLIBURTON CO(HAL)16,22716,2270458,575632,6910.05%+174,116
DEERE & CO(DE)758914+156352,902514,8560.04%+161,954
CHENIERE ENERGY INC(LNG)1,3871,518+131269,599430,7470.03%+161,148
TAIWAN SEMICONDUCTOR MANUFAC(TSM)4,6244,634+101,405,1871,566,0600.12%+160,873
FIRST TR MTG INCOME FD013,354+13,3540157,1770.01%+157,177
HF SINCLAIR CORP(DINO)9,4509,4500435,456589,5860.04%+154,130
ISHARES TR8,8258,8250419,452571,5950.04%+152,143
DISNEY WALT CO(DIS)3,5675,703+2,136405,843549,6870.04%+143,844
SPDR SERIES TRUST
ST STR SP DIV
20,98920,98902,920,8293,063,1350.23%+142,306
VANECK ETF TRUST
CLO ETF
15,51718,181+2,664819,453958,1390.07%+138,686
SCHWAB STRATEGIC TR35,70135,676-25979,2781,094,5400.08%+115,262
NORTHROP GRUMMAN CORP(NOC)19,70816,636-3,07211,237,69911,349,7450.84%+112,046
ALTRIA GROUP INC(MO)12,04512,0450694,515794,8500.06%+100,335
ENTERPRISE PRODS PARTNERS L(EPD)16,60016,6000532,196628,1440.05%+95,948
ISHARES TR20,45020,45002,457,6812,542,1400.19%+84,459
VANGUARD INDEX FDS3,9404,781+841348,651424,0750.03%+75,424
FEDEX CORP(FDX)1,1201,1200323,523398,9220.03%+75,399
BOEING CO(BA)2,8243,457+633613,147688,0470.05%+74,900
SELECT SECTOR SPDR TR
ST STR UTIL ETF
22,31022,360+50952,4141,026,1000.08%+73,686
ATLANTA BRAVES HLDGS INC17,40417,4040686,588743,1510.05%+56,563
COPART INC(CPRT)9,80613,221+3,415383,905438,9370.03%+55,032
VERTIV HOLDINGS CO(VRT)2,6951,955-740436,617489,8840.04%+53,267
MCDONALDS CORP(MCD)2,1122,244+132645,491697,4130.05%+51,922
VANGUARD WORLD FD
INDUSTRIAL ETF
2,7992,7990835,166873,9040.06%+38,738
SOUTHERN CO(SO)3,8593,8590336,505372,4710.03%+35,966
SELECT SECTOR SPDR TR
ST STR STAPL ETF
7,5807,5800588,814621,4080.05%+32,594
ISHARES TR12,05012,0500659,256684,3200.05%+25,064
D R HORTON INC(DHI)1,6001,817+217230,448249,3290.02%+18,881
SELECT SECTOR SPDR TR
ST STR INDL ETF
1,9251,9250298,606311,3300.02%+12,724
ISHARES TR10,23110,2310984,938994,7600.07%+9,822
ISHARES TR2,2602,2600485,199494,3750.04%+9,176
VANGUARD WORLD FD
MATERIALS ETF
1,4141,332-82293,476300,1530.02%+6,677
ISHARES TR6,9236,9230910,998917,2980.07%+6,300
ISHARES TR3,2273,250+23323,907327,1920.02%+3,285
FATE THERAPEUTICS INC12,70012,700012,47915,2400.00%+2,761
VANGUARD INDEX FDS1,3501,3500407,849408,0380.03%+189
UNITED PARCEL SVCS INC(UPS)2,4712,476+5245,098243,6110.02%-1,487
NVIDIA CORPORATION(NVDA)(Put)1,00010-99014,12512,300-1,825
VANGUARD INDEX FDS7097090205,766203,6110.02%-2,155
ISHARES TR4,2004,2000273,042270,2700.02%-2,772
AMGEN INC(AMGN)1,1141,017-97364,623357,8310.03%-6,792
VANGUARD INTL EQUITY INDEX F6,4006,4000535,104527,5520.04%-7,552
FERGUSON ENTERPRISES INC(FERG)1,3621,263-99303,222294,6070.02%-8,615
MURPHY USA INC(MUSA)1,6101,297-313649,667640,6790.05%-8,988
VANGUARD INDEX FDS2,9172,9170610,003600,3190.04%-9,684
ISHARES TR3,7503,7500244,125231,1500.02%-12,975
BERKSHIRE HATHAWAY INC DEL6366360319,685304,7710.02%-14,914
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