Fund Holdings

Narwhal Capital Management

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
ALPHABET INC(GOOG)291,507284,087-7,42051,710,48869,189,4865.12%+17,478,998
NVIDIA CORPORATION(NVDA)499,817508,238+8,42178,966,06094,827,0147.02%+15,860,954
ISHARES TR196,429203,919+7,490121,962,468136,483,08010.11%+14,520,612
APPLE INC(AAPL)274,968272,566-2,40256,415,14869,403,5475.14%+12,988,399
VULCAN MATLS CO(VMC)122,835133,394+10,55932,037,82541,034,6623.04%+8,996,837
ISHARES GOLD TR(IAU)671,755672,041+28641,890,64248,904,4243.62%+7,013,782
ORACLE CORP(ORCL)26,92942,544+15,6155,887,44111,965,0290.89%+6,077,588
JOHNSON & JOHNSON(JNJ)80,61696,371+15,75512,314,03817,869,1021.32%+5,555,064
RTX CORPORATION(RTX)61,57580,685+19,1108,991,18213,501,0211.00%+4,509,839
L3HARRIS TECHNOLOGIES INC(LHX)43,36950,128+6,75910,878,69615,309,6121.13%+4,430,916
PEPSICO INC(PEP)42,16167,710+25,5495,566,9049,509,1590.70%+3,942,255
JPMORGAN CHASE & CO.(JPM)126,494128,184+1,69036,671,75040,432,9832.99%+3,761,233
LOCKHEED MARTIN CORP(LMT)31,90136,465+4,56414,774,62918,203,6931.35%+3,429,064
CINCINNATI FINL CORP(CINF)27,69044,966+17,2764,123,5957,109,1250.53%+2,985,530
COPART INC(CPRT)065,100+65,10002,927,5470.22%+2,927,547
MICROSOFT CORP(MSFT)157,248156,069-1,17978,216,72680,835,7535.99%+2,619,027
VISA INC(V)50,24659,895+9,64917,839,92120,447,0351.51%+2,607,114
STARBUCKS CORP(SBUX)32,73863,585+30,8472,999,7835,379,2910.40%+2,379,508
DOMINOS PIZZA INC(DPZ)7,68712,933+5,2463,463,7625,583,3050.41%+2,119,543
TESLA INC(TSLA)7,1669,516+2,3502,276,3524,231,9560.31%+1,955,604
EXXON MOBIL CORP91,759103,643+11,8849,891,64211,685,8030.87%+1,794,161
NORTHROP GRUMMAN CORP(NOC)16,54716,428-1198,273,16910,009,9090.74%+1,736,740
CISCO SYS INC(CSCO)137,919165,020+27,1019,568,84511,290,6960.84%+1,721,851
ZOETIS INC(ZTS)4,21515,859+11,644657,3292,320,4890.17%+1,663,160
DEERE & CO(DE)8374,385+3,548425,6062,005,0850.15%+1,579,479
ISHARES TR31,35031,327-2313,310,58314,673,8801.09%+1,363,297
INVESCO EXCH TRADED FD TR II3,13513,676+10,541352,5931,655,6170.12%+1,303,024
CRH PLC52,94550,976-1,9694,860,3516,112,0220.45%+1,251,671
BLACKSTONE INC(BX)69,98368,450-1,53310,468,05711,694,6830.87%+1,226,626
ADOBE INC(ADBE)5,0098,934+3,9251,937,8823,151,4690.23%+1,213,587
ISHARES TR93,28492,784-50018,229,55919,160,8241.42%+931,265
NEXTERA ENERGY INC(NEE)179,893176,113-3,78012,488,17113,294,7620.98%+806,591
AVALONBAY CMNTYS INC53,91260,833+6,92110,971,09211,751,1110.87%+780,019
AMERICAN EXPRESS CO(AXP)59,33459,257-7718,926,42419,682,8771.46%+756,453
CATERPILLAR INC(CAT)26,20222,862-3,34010,171,87810,908,6030.81%+736,725
SCHLUMBERGER LTD(SLB)117,557136,981+19,4243,973,4274,708,0370.35%+734,610
VANECK ETF TRUST013,381+13,3810710,5310.05%+710,531
ABBOTT LABS65,56971,596+6,0278,918,0479,589,5750.71%+671,528
META PLATFORMS INC(META)49,98951,141+1,15236,896,38637,556,9332.78%+660,547
GENERAL DYNAMICS CORP(GD)41,39237,260-4,13212,072,39112,705,6600.94%+633,269
SELECT SECTOR SPDR TR21,00021,00005,317,8305,919,0600.44%+601,230
INVESCO QQQ TR12,44612,433-136,865,7117,464,4000.55%+598,689
ISHARES TR56,00056,00006,165,6006,760,3200.50%+594,720
SIMPLIFY EXCHANGE TRADED FUN71,25081,879+10,6293,568,9134,122,5880.31%+553,675
ETFS GOLD TR(SGOL)117,976116,001-1,9753,720,9634,269,9970.32%+549,034
RELX PLC(RELX)124,920153,519+28,5996,788,1537,332,0670.54%+543,914
SPDR GOLD TR(GLD)10,44010,44003,182,4253,711,1070.27%+528,682
NOVARTIS AG(NVS)50,76051,925+1,1656,142,4686,658,8620.49%+516,394
BLACKROCK 2037 MUNICIPAL TAR018,987+18,9870476,1940.04%+476,194
MICRON TECHNOLOGY INC(MU)10,55810,275-2831,301,2741,719,2130.13%+417,939
CHEVRON CORP NEW(CVX)34,37434,218-1564,922,0135,313,7130.39%+391,700
SERVICENOW INC(NOW)1,3941,966+5721,433,1441,809,2700.13%+376,126
VALERO ENERGY CORP(VLO)61,73050,897-10,8338,297,6848,665,7800.64%+368,096
PARSONS CORP DEL(PSN)04,110+4,1100340,8010.03%+340,801
ISHARES TR02,988+2,9880300,8700.02%+300,870
SPDR DOW JONES INDL AVERAGE(DIA)11,08011,08004,882,4025,138,2390.38%+255,837
TAIWAN SEMICONDUCTOR MFG LTD(TSM)4,6244,62401,047,2901,291,4370.10%+244,147
VERTIV HOLDINGS CO(VRT)01,486+1,4860224,1780.02%+224,178
T-MOBILE US INC(TMUS)3,3844,259+875806,2721,019,5190.08%+213,247
VANGUARD INDEX FDS0709+7090208,2620.02%+208,262
CHENIERE ENERGY INC(LNG)0869+8690204,1490.02%+204,149
ISHARES TR20,56320,541-222,247,2872,440,8800.18%+193,593
HCA HEALTHCARE INC(HCA)7,3357,038-2972,810,0392,999,5960.22%+189,557
ISHARES TR20,91120,836-752,777,1902,960,7960.22%+183,606
FIRST TR EXCHANGE-TRADED FD33,51541,036+7,521675,327840,0150.06%+164,688
NEXPOINT RESIDENTIAL TR INC(NXRT)37,45343,691+6,2381,247,9341,407,7240.10%+159,790
DELTA AIR LINES INC DEL(DAL)16,85016,8500828,683956,2380.07%+127,555
BERKSHIRE HATHAWAY INC DEL5503,644,0003,771,0000.28%+127,000
FIRST TR HIGH YIELD OPPRT 20209,151222,614+13,4633,105,8883,225,6790.24%+119,791
HOME DEPOT INC(HD)66,96760,886-6,08124,552,86024,670,5531.83%+117,693
WISDOMTREE TR(WT)21,77921,77901,823,7731,937,4600.14%+113,687
HF SINCLAIR CORP(DINO)9,4509,4500388,206494,6130.04%+106,407
CONSTELLATION ENERGY CORP(CEG)15,71815,71805,073,1425,172,3220.38%+99,180
SPDR SERIES TRUST20,98920,98902,848,8372,939,5090.22%+90,672
ISHARES TR2,9372,9370633,775710,6370.05%+76,862
VANGUARD INDEX FDS1,8001,8000789,120863,2980.06%+74,178
HALLIBURTON CO(HAL)16,22716,427+200330,706404,1040.03%+73,398
ISHARES TR12,05012,0500581,292643,4700.05%+62,178
VANGUARD INDEX FDS2,9802,9800574,276623,8330.05%+49,557
ISHARES TR10,23110,2310940,945987,8030.07%+46,858
ISHARES TR2,2602,2600426,326472,9280.04%+46,602
VANGUARD WORLD FD2,7992,7990783,916829,3160.06%+45,400
ISHARES TR6,9236,9230855,544898,0520.07%+42,508
ISHARES BITCOIN TRUST ETF(IBIT)4,8115,171+360294,481336,1150.02%+41,634
ISHARES TR10,80510,8050670,126705,1340.05%+35,008
VANGUARD SCOTTSDALE FDS1,5681,5680440,388474,0850.04%+33,697
VANGUARD INDEX FDS1,3501,3500373,869401,7870.03%+27,918
SCHWAB STRATEGIC TR36,49536,226-269967,118988,9700.07%+21,852
ISHARES TR8,8258,8250399,067419,3640.03%+20,297
BOEING CO(BA)2,8182,8180590,456608,2090.05%+17,753
KROGER CO(KR)10,50311,432+929753,380770,6310.06%+17,251
ALPHABET INC(GOOG)1,169918-251205,966223,1060.02%+17,140
NVIDIA CORPORATION(NVDA)(Put)01,000+1,000015,400+15,400
FIRST TR EXCHANGE-TRADED FD13,29913,457+158655,109670,0240.05%+14,915
VANGUARD INTL EQUITY INDEX F6,4006,4000496,000510,7200.04%+14,720
SELECT SECTOR SPDR TR1,9251,9250283,976296,8930.02%+12,917
ISHARES TR4,2004,2000258,594270,3960.02%+11,802
SOUTHERN CO(SO)3,8593,8590354,372365,7170.03%+11,345
NUVEEN MUN VALUE FD INC(NUV)26,10026,346+246226,809236,5870.02%+9,778
FEDEX CORP(FDX)1,1201,1200254,587264,1070.02%+9,520
Page 1 of 2