Fund HoldingsNarwhal Capital Management

Total Portfolio Value
$1.38B
Total Bought
$100.52M
Total Sold
$83.32M
Net Transaction
+$17.20M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
ALPHABET INC(GOOG)284,087284,507+42069,18989,2786.49%+20,089
ISHARES TR203,919210,559+6,640136,483144,22110.48%+7,737
SELECT SECTOR SPDR TR
ST STR TECHN ETF
042,000+42,00006,0470.44%+6,047
ISHARES GOLD TR(IAU)672,041672,623+58248,90454,5973.97%+5,692
APPLE INC(AAPL)272,566276,129+3,56369,40475,0685.45%+5,665
ELI LILLY & CO(LLY)020,934+20,934022,4971.63%+22,497
CISCO SYS INC(CSCO)165,020204,140+39,12011,29115,7251.14%+4,434
AMAZON COM INC(AMZN)0216,606+216,606049,9973.63%+49,997
HCA HEALTHCARE INC(HCA)7,03813,243+6,2053,0006,1830.45%+3,183
ANALOG DEVICES INC(ADI)065,774+65,774017,8381.30%+17,838
SPDR SERIES TRUST
ST STR SP DIV
020,989+20,98902,9210.21%+2,921
EXXON MOBIL CORP103,643120,665+17,02211,68614,5211.06%+2,835
INTERCONTINENTAL EXCHANGE IN(ICE)017,086+17,08602,7670.20%+2,767
JOHNSON & JOHNSON(JNJ)96,37195,781-59017,86919,8221.44%+1,953
STARBUCKS CORP(SBUX)63,58582,142+18,5575,3796,9170.50%+1,538
CATERPILLAR INC(CAT)22,86221,707-1,15510,90912,4350.90%+1,527
MICRON TECHNOLOGY INC(MU)10,27511,188+9131,7193,1930.23%+1,474
JPMORGAN CHASE & CO.(JPM)128,184130,003+1,81940,43341,8893.04%+1,456
DOMINOS PIZZA INC(DPZ)12,93316,764+3,8315,5836,9880.51%+1,404
ADOBE INC(ADBE)8,93412,840+3,9063,1514,4940.33%+1,342
UNILEVER PLC(UL)019,659+19,65901,2860.09%+1,286
NORTHROP GRUMMAN CORP(NOC)16,42819,708+3,28010,01011,2380.82%+1,228
KROGER CO(KR)11,43230,081+18,6497711,8790.14%+1,109
AMERICAN EXPRESS CO(AXP)59,25756,189-3,06819,68320,7871.51%+1,104
NEXTERA ENERGY INC(NEE)176,113178,346+2,23313,29514,3181.04%+1,023
CINCINNATI FINL CORP(CINF)44,96649,523+4,5577,1098,0880.59%+979
SELECT SECTOR SPDR TR
ST STR UTIL ETF
022,310+22,31009520.07%+952
SELECT SECTOR SPDR TR
ST STR CARE ETF
05,880+5,88009100.07%+910
GOLDMAN SACHS GROUP INC(GS)025,012+25,012021,9861.60%+21,986
SERVICENOW INC(NOW)1,96616,977+15,0111,8092,6010.19%+791
T-MOBILE US INC(TMUS)4,2598,766+4,5071,0201,7800.13%+760
NOVARTIS AG(NVS)51,92553,812+1,8876,6597,4190.54%+760
INTEL CORP(INTC)018,365+18,36506780.05%+678
MCDONALDS CORP(MCD)02,112+2,11206450.05%+645
SELECT SECTOR SPDR TR
ST STR STAPL ETF
07,580+7,58005890.04%+589
SELECT SECTOR SPDR TR
ST STR ENERG ETF
011,681+11,68105220.04%+522
ISHARES TR92,78492,784019,16119,6771.43%+516
ETFS GOLD TR(SGOL)116,001116,026+254,2704,7660.35%+496
VISA INC(V)59,89559,688-20720,44720,9331.52%+486
WALMART INC(WMT)024,849+24,84902,7680.20%+2,768
CONSTELLATION ENERGY CORP(CEG)15,71815,815+975,1725,5870.41%+415
SPDR GOLD TR(GLD)10,44010,263-1773,7114,0670.30%+356
NATERA INC(NTRA)09,745+9,74502,2320.16%+2,232
MERCK & CO INC(MRK)0111,743+111,743011,7620.85%+11,762
FERGUSON ENTERPRISES INC(FERG)01,362+1,36203030.02%+303
SELECT SECTOR SPDR TR
ST STR INDL ETF
01,925+1,92502990.02%+299
SELECT SECTOR SPDR TR
ST STR FINL ETF
05,250+5,25002880.02%+288
SPDR SERIES TRUST
ST SHOR CORP ETF
09,496+9,49602870.02%+287
AUTODESK INC0941+94102790.02%+279
PERIMETER SOLUTIONS INC(PRM)010,014+10,01402760.02%+276
NETFLIX INC(NFLX)08,933+8,93308380.06%+838
ENTERGY CORP NEW(ETR)014,095+14,09501,3030.09%+1,303
D R HORTON INC(DHI)01,600+1,60002300.02%+230
DELTA AIR LINES INC DEL(DAL)16,85016,85009561,1690.08%+213
VERTIV HOLDINGS CO(VRT)1,4862,695+1,2092244370.03%+212
INVESCO QQQ TR12,43312,492+597,4647,6740.56%+210
SPDR DOW JONES INDL AVERAGE(DIA)11,08011,08005,1385,3250.39%+186
CRH PLC
ORD
50,97650,393-5836,1126,2890.46%+177
ISHARES TR31,32731,327014,67414,8271.08%+153
ISHARES TR56,00056,00006,7606,9030.50%+142
MUELLER INDS INC(MLI)062,843+62,84307,2140.52%+7,214
TAIWAN SEMICONDUCTOR MFG LTD(TSM)4,6244,62401,2911,4050.10%+114
VANECK ETF TRUST
CLO ETF
13,38115,517+2,1367118190.06%+109
BLACKROCK MUN TARGET TERM TR(BTT)0387,702+387,70208,8470.64%+8,847
SPDR S&P 500 ETF TR(SPY)02,047+2,04701,3960.10%+1,396
SOUTHWEST AIRLS CO(LUV)07,790+7,79003220.02%+322
COSTCO WHSL CORP NEW(COST)05,808+5,80805,0080.36%+5,008
CHENIERE ENERGY INC(LNG)8691,387+5182042700.02%+65
FEDEX CORP(FDX)1,1201,12002643240.02%+59
ABBOTT LABS71,59676,982+5,3869,5909,6450.70%+56
HALLIBURTON CO(HAL)16,42716,227-2004044590.03%+54
AMGEN INC(AMGN)01,114+1,11403650.03%+365
WELLS FARGO CO NEW(WFC)04,431+4,43104130.03%+413
ELEVANCE HEALTH INC FORMERLY(ELV)01,478+1,47805180.04%+518
SCHWAB STRATEGIC TR012,104+12,10403260.02%+326
BLACKROCK 2037 MUNICIPAL TAR
COM
18,98719,392+4054765080.04%+31
ALPHABET INC(GOOG)918813-1052232540.02%+31
FIRST TR EXCHANGE-TRADED FD
INTER GOVT ETF
41,03642,453+1,4178408690.06%+29
MARKEL GROUP INC(MKL)0105+10502260.02%+226
VANGUARD INTL EQUITY INDEX F6,4006,40005115350.04%+24
ISHARES TR03,750+3,75002440.02%+244
ISHARES TR2,9883,227+2393013240.02%+23
ISHARES TR20,54120,450-912,4412,4580.18%+17
CVS HEALTH CORP(CVS)04,136+4,13603280.02%+328
ISHARES TR12,05012,05006436590.05%+16
VANGUARD INDEX FDS1,8001,80008638780.06%+15
ENTERPRISE PRODS PARTNERS L(EPD)016,600+16,60005320.04%+532
SLB LIMITED(SLB)136,981123,007-13,9744,7084,7210.34%+13
ISHARES TR6,9236,92308989110.07%+13
ISHARES TR2,2602,26004734850.04%+12
VANGUARD SCOTTSDALE FDS
VNG RUS1000IDX
1,5681,56804744850.04%+10
WISDOMTREE TR(WT)21,77921,77901,9371,9480.14%+10
ISHARES TR2,9372,926-117117200.05%+10
ONEOK INC NEW(OKE)017,194+17,19401,2640.09%+1,264
ISHARES TR10,80510,80507057130.05%+8
VANGUARD INDEX FDS1,3501,35004024080.03%+6
VANGUARD WORLD FD
INDUSTRIAL ETF
2,7992,79908298350.06%+6
BOEING CO(BA)2,8182,824+66086130.04%+5
BERKSHIRE HATHAWAY INC DEL5503,7713,7740.27%+3
ISHARES TR4,2004,20002702730.02%+3
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