Narwhal Capital Management
Institutional manager — quarterly 13F holdings, Q ending 2026-03-31
Reported value
$1.36B
Q ending 2026-03-31
Prior quarter
$1.38B
Q ending 2025-12-31
Change
-1.5% QoQ · +20.8% YoY
Positions
169
reported holdings
Largest positions
Top 100 of 169 reported positions by value, Q ending 2026-03-31. A manager can hold shares, calls and puts on the same security at once — such positions are listed as separate rows. Type: Shares = common stock, Put/Call = option positions (valued at the underlying), Principal = debt. Tickers link to stock pages where covered.
| Holding | Ticker | Type | Value ▼ | Shares |
|---|---|---|---|---|
| Ishares Tr | IVV | Shares | $138.2M | 212K |
| Nvidia Corporation | NVDA | Shares | $87.1M | 499K |
| Alphabet Inc | GOOG | Shares | $81.9M | 286K |
| Apple Inc | AAPL | Shares | $70.9M | 280K |
| Microsoft Corp | MSFT | Shares | $60.8M | 164K |
| Ishares Gold Tr | IAU | Shares | $59.2M | 672K |
| Amazon Com Inc | AMZN | Shares | $46.0M | 221K |
| Jpmorgan Chase & Co | JPM | Shares | $38.2M | 130K |
| Vulcan Matls Co | VMC | Shares | $36.6M | 135K |
| Meta Platforms Inc | META | Shares | $28.1M | 49K |
| Johnson & Johnson | JNJ | Shares | $23.1M | 95K |
| Home Depot Inc | HD | Shares | $22.3M | 68K |
| Goldman Sachs Group Inc | GS | Shares | $21.9M | 26K |
| Exxon Mobil Corp | XOM | Shares | $20.3M | 120K |
| Analog Devices Inc | ADI | Shares | $20.2M | 64K |
| Eli Lilly & Co | LLY | Shares | $19.8M | 21K |
| Ishares Tr | IVE | Shares | $19.6M | 93K |
| Lockheed Martin Corp | LMT | Shares | $19.4M | 32K |
| Blackrock Inc | BLK | Shares | $19.3M | 20K |
| American Express Co | AXP | Shares | $16.5M | 54K |
| Caterpillar Inc | CAT | Shares | $16.4M | 23K |
| Visa Inc | V | Shares | $16.4M | 54K |
| L3Harris Technologies Inc | LHX | Shares | $16.1M | 47K |
| Nextera Energy Inc | NEE | Shares | $16.0M | 173K |
| Cisco Sys Inc | CSCO | Shares | $14.6M | 189K |
| Rtx Corporation | RTX | Shares | $13.9M | 72K |
| Merck & Co Inc | MRK | Shares | $13.4M | 111K |
| Ishares Tr | IWF | Shares | $13.3M | 31K |
| General Dynamics Corp | GD | Shares | $13.0M | 38K |
| Procter & Gamble Co | PG | Shares | $12.9M | 89K |
| Northrop Grumman Corp | NOC | Shares | $11.3M | 17K |
| Broadcom Inc | AVGO | Shares | $10.9M | 35K |
| Philip Morris Intl Inc | PM | Shares | $10.6M | 64K |
| Valero Energy Corp | VLO | Shares | $9.7M | 39K |
| Canadian Pacific Kansas City | CP | Shares | $8.9M | 113K |
| Pepsico Inc | PEP | Shares | $8.7M | 56K |
| Avalonbay Cmntys Inc | AVB | Shares | $8.5M | 52K |
| Blackstone Inc | BX | Shares | $8.3M | 73K |
| Intercontinental Exchange In | ICE | Shares | $8.2M | 52K |
| Blackrock Mun Target Term Tr | BTT | Shares | $8.1M | 357K |
| Novartis Ag | NVS | Shares | $8.0M | 53K |
| Cincinnati Finl Corp | CINF | Shares | $8.0M | 51K |
| Bwx Technologies Inc | BWXT | Shares | $8.0M | 39K |
| Starbucks Corp | SBUX | Shares | $7.9M | 88K |
| Invesco Qqq Tr | QQQ | Shares | $7.4M | 13K |
| Chevron Corporation | CVX | Shares | $7.4M | 36K |
| Abbott Laboratories | ABT | Shares | $7.4M | 72K |
| Costco Wholesale Corporation | COST | Shares | $6.7M | 7K |
| Oracle Corp | ORCL | Shares | $6.7M | 46K |
| Mueller Inds Inc | MLI | Shares | $6.5M | 59K |
| Sunbelt Rentals Holdings Inc | SUNB | Shares | $6.5M | 99K |
| Ishares Tr | IVW | Shares | $6.3M | 56K |
| Slb Limited | SLB | Shares | $5.9M | 115K |
| Graco Inc | GGG | Shares | $5.7M | 67K |
| Relx Plc | RELX | Shares | $5.6M | 169K |
| Select Sector Spdr Tr | XLK | Shares | $5.6M | 42K |
| Entegris Inc | ENTG | Shares | $5.5M | 47K |
| Dominos Pizza Inc | DPZ | Shares | $5.4M | 15K |
| Hca Healthcare Inc | HCA | Shares | $5.4M | 11K |
| Crh Plc | Shares | $5.3M | 51K | |
| Kinder Morgan Inc Del | KMI | Shares | $5.2M | 156K |
| State Str Spdr Dow Jones Ind | DIA | Shares | $5.1M | 11K |
| Etfs Gold Tr | SGOL | Shares | $5.1M | 113K |
| Netflix Inc. | NFLX | Shares | $4.6M | 48K |
| Ufp Industries Inc | UFPI | Shares | $4.6M | 50K |
| Spdr Gold Tr | GLD | Shares | $4.4M | 10K |
| Qualcomm Inc | QCOM | Shares | $4.4M | 34K |
| Constellation Energy Corp | CEG | Shares | $4.4M | 16K |
| Garmin Ltd | Shares | $4.1M | 18K | |
| Adobe Inc | ADBE | Shares | $4.1M | 17K |
| Micron Technology Inc | MU | Shares | $3.7M | 11K |
| Berkshire Hathaway Inc Del | BRK/A | Shares | $3.6M | 5 |
| Servicenow Inc | NOW | Shares | $3.4M | 33K |
| Walmart Inc | WMT | Shares | $3.4M | 27K |
| Ishares Tr | DVY | Shares | $3.2M | 21K |
| Simplify Exchange Traded Fun | MTBA | Shares | $3.1M | 62K |
| Spdr Series Trust | SDY | Shares | $3.1M | 21K |
| Constellation Brands Inc | STZ | Shares | $3.0M | 20K |
| First Tr High Yield Opprt 20 | FTHY | Shares | $2.7M | 197K |
| Ishares Tr | IJR | Shares | $2.5M | 20K |
| Tesla Inc | TSLA | Shares | $2.4M | 7K |
| Nexpoint Residential Tr Inc | NXRT | Shares | $1.9M | 77K |
| Wisdomtree Tr | DGRW | Shares | $1.9M | 22K |
| Natera Inc | NTRA | Shares | $1.8M | 9K |
| Exelon Corp | EXC | Shares | $1.8M | 37K |
| Entergy Corp New | ETR | Shares | $1.7M | 15K |
| Taiwan Semiconductor Manufac | TSM | Shares | $1.6M | 5K |
| At&T Inc | T | Shares | $1.6M | 54K |
| Oneok Inc New | OKE | Shares | $1.6M | 17K |
| Invesco Exch Traded Fd Tr Ii | SPMO | Shares | $1.4M | 13K |
| Unitedhealth Group Inc | UNH | Shares | $1.2M | 5K |
| First Tr Exchange-Traded Fd | MGOV | Shares | $1.2M | 59K |
| State Str Spdr S&P 500 Etf T | SPY | Shares | $1.1M | 2K |
| Delta Air Lines Inc | DAL | Shares | $1.1M | 17K |
| Unilever Plc | UL | Shares | $1.1M | 20K |
| Schwab Strategic Tr | SCHD | Shares | $1.1M | 36K |
| Select Sector Spdr Tr | XLU | Shares | $1.0M | 22K |
| Ishares Tr | IWR | Shares | $995K | 10K |
| Vaneck Etf Trust | CLOI | Shares | $958K | 18K |
| Ishares Tr | IJJ | Shares | $917K | 7K |
Values as reported in public regulatory filings (USD); holdings are reported quarterly, up to 45 days after quarter end, and may contain reporting errors. Nothing here is investment advice.