13F-HR filed by Narwhal Capital Management
Narwhal Capital Management filed this 13F-HR for the quarter ended 2025-09-30, filed 2025-10-24, with 164 holding rows worth $1,350,071,304.
- Accession
- 0001461287-25-000005
- Filer
- CIK 1461287
- Filed
- 2025-10-24
- Accepted by EDGAR
- acceptance time not in the bulk data set
- Ingested
- Source
- SEC quarterly data set
13F report for Q3 2025
A holdings report, 164 entries on the cover page, a total value of $1,350,071,304 stated on the cover page (in dollars after the unit check, H1), rows summing to $1,350,071,304 with VALUE read as dollars as filed, 13F file number 028-13509. The quarter's positions are built on this report. The resolved quarter.
The information table after summing rows of one CUSIP and put or call (H4), with the CUSIP and issuer name as filed. Values in dollars after the unit check (method).
| Issuer as filed | CUSIP | Class | Amount | Value | Value read as | Type |
|---|---|---|---|---|---|---|
| ISHARES TR CORE S&P 500 ETF | 464287200 | SHS | 203,919 | $136,483,080 | dollars as filed | |
| NVIDIA Corp | 67066G104 | COM | 508,238 | $94,827,014 | dollars as filed | |
| Microsoft Corp | 594918104 | COM | 156,069 | $80,835,753 | dollars as filed | |
| Apple Inc | 037833100 | COM | 272,566 | $69,403,547 | dollars as filed | |
| Alphabet Inc. Reg. Shares C | 02079K107 | COM | 284,087 | $69,189,486 | dollars as filed | |
| iShares Gold Trust | 464285204 | COM | 672,041 | $48,904,424 | dollars as filed | |
| Amazon.com, Inc | 023135106 | COM | 211,752 | $46,494,387 | dollars as filed | |
| VULCAN MATLS CO COM | 929160109 | Stock | 133,394 | $41,034,662 | dollars as filed | |
| JPMorgan Chase & Co | 46625H100 | COM | 128,184 | $40,432,983 | dollars as filed | |
| META PLATFORMS INC CL A | 30303M102 | COM | 51,141 | $37,556,933 | dollars as filed | |
| Home Depot, Inc | 437076102 | COM | 60,886 | $24,670,553 | dollars as filed | |
| BlackRock,Inc. | 09290D101 | COM | 20,825 | $24,279,794 | dollars as filed | |
| Goldman Sachs Group,Inc. | 38141G104 | COM | 26,599 | $21,182,314 | dollars as filed | |
| Visa Inc | 92826C839 | COM | 59,895 | $20,447,035 | dollars as filed | |
| American Express Company | 025816109 | COM | 59,257 | $19,682,877 | dollars as filed | |
| iShares S&P 500 Value ETF | 464287408 | SHS | 92,784 | $19,160,824 | dollars as filed | |
| Lockheed Martin Corporation | 539830109 | COM | 36,465 | $18,203,693 | dollars as filed | |
| Johnson & Johnson | 478160104 | COM | 96,371 | $17,869,102 | dollars as filed | |
| Eli Lilly and Company | 532457108 | COM | 23,222 | $17,718,434 | dollars as filed | |
| L3HARRIS TECHNOLOGIES INC COM | 502431109 | Stock | 50,128 | $15,309,612 | dollars as filed | |
| Broadcom Inc. | 11135F101 | COM | 45,963 | $15,163,653 | dollars as filed | |
| Analog Devices,Inc. | 032654105 | COM | 60,255 | $14,804,654 | dollars as filed | |
| ISHARESRUSSELL1000GROWTHETF | 464287614 | STOK | 31,327 | $14,673,880 | dollars as filed | |
| Raytheon Technologies Corporation | 75513E101 | COM | 80,685 | $13,501,021 | dollars as filed | |
| NextEra Energy,Inc. | 65339F101 | COM | 176,113 | $13,294,762 | dollars as filed | |
| GENERAL DYNAMICS CORP COM | 369550108 | Stock | 37,260 | $12,705,660 | dollars as filed | |
| Procter & Gamble Co | 742718109 | COM | 82,610 | $12,693,057 | dollars as filed | |
| Philip Morris International Inc. | 718172109 | COM | 76,498 | $12,407,976 | dollars as filed | |
| Oracle Corporation | 68389X105 | COM | 42,544 | $11,965,029 | dollars as filed | |
| AVALONBAY CMNTYS INC COM | 053484101 | REIT | 60,833 | $11,751,111 | dollars as filed | |
| BLACKSTONE INC | 09260D107 | COM | 68,450 | $11,694,683 | dollars as filed | |
| EXXON MOBIL CORP | 30231G102 | COM | 103,643 | $11,685,803 | dollars as filed | |
| Merck & Co.,Inc. | 58933Y105 | COM | 136,305 | $11,440,079 | dollars as filed | |
| Cisco Systems,Inc. | 17275R102 | COM | 165,020 | $11,290,696 | dollars as filed | |
| Caterpillar Inc. | 149123101 | COM | 22,862 | $10,908,603 | dollars as filed | |
| NORTHROP GRUMMAN CORP COM | 666807102 | Stock | 16,428 | $10,009,909 | dollars as filed | |
| Abbott Laboratories | 002824100 | COM | 71,596 | $9,589,575 | dollars as filed | |
| PepsiCo,Inc. | 713448108 | COM | 67,710 | $9,509,159 | dollars as filed | |
| CANADIAN PACIFIC KANSAS CITY COM | 13646K108 | Stock | 123,462 | $9,196,684 | dollars as filed | |
| BLACKROCK MUN TARGET TERM TR | 09257P105 | COM SHS BEN IN | 389,368 | $8,745,202 | dollars as filed | |
| VALERO ENERGY CORP COM | 91913Y100 | Stock | 50,897 | $8,665,780 | dollars as filed | |
| Qualcomm Incorporated | 747525103 | COM | 48,626 | $8,089,411 | dollars as filed | |
| INVESCO QQQ TR | 46090E103 | COM | 12,433 | $7,464,400 | dollars as filed | |
| RELX PLC SPONSORED ADR | 759530108 | ADR | 153,519 | $7,332,067 | dollars as filed | |
| CINCINNATI FINL CORP COM | 172062101 | Stock | 44,966 | $7,109,125 | dollars as filed | |
| MUELLER INDS INC COM | 624756102 | Stock | 70,069 | $7,084,677 | dollars as filed | |
| iShares S&P 500 Growth ETF | 464287309 | SHS | 56,000 | $6,760,320 | dollars as filed | |
| NOVARTIS AG SPONSORED ADR | 66987V109 | ADR | 51,925 | $6,658,862 | dollars as filed | |
| CRH PLC ORD | G25508105 | Stock | 50,976 | $6,112,022 | dollars as filed | |
| BWX TECHNOLOGIES INC | 05605H100 | COM | 32,192 | $5,935,239 | dollars as filed | |
| Technology Select Sector SPDR Fund | 81369Y803 | SHS | 21,000 | $5,919,060 | dollars as filed | |
| DOMINOS PIZZA INC COM | 25754A201 | Stock | 12,933 | $5,583,305 | dollars as filed | |
| Starbucks Corporation | 855244109 | COM | 63,585 | $5,379,291 | dollars as filed | |
| Chevron Corporation | 166764100 | COM | 34,218 | $5,313,713 | dollars as filed | |
| CONSTELLATION ENERGY CORP COM | 21037T109 | Stock | 15,718 | $5,172,322 | dollars as filed | |
| STATE STR SPDR DOW JONES IND | 78467X109 | UT SER 1 | 11,080 | $5,138,239 | dollars as filed | |
| GRACO INC COM | 384109104 | Stock | 59,095 | $5,020,711 | dollars as filed | |
| Costco Wholesale Corporation | 22160K105 | COM | 5,338 | $4,941,034 | dollars as filed | |
| Schlumberger Limited | 806857108 | COM | 136,981 | $4,708,037 | dollars as filed | |
| GARMIN LTD SHS | H2906T109 | Stock | 18,932 | $4,661,437 | dollars as filed | |
| UFP INDUSTRIES INC | 90278Q108 | COM | 49,287 | $4,607,842 | dollars as filed | |
| KINDER MORGAN INC DEL COM | 49456B101 | Stock | 151,137 | $4,278,688 | dollars as filed | |
| ETFS GOLD TR | 00326A104 | PHYSCL GOLD SHS | 116,001 | $4,269,997 | dollars as filed | |
| Tesla Motors, Inc | 88160R101 | COM | 9,516 | $4,231,956 | dollars as filed | |
| SIMPLIFY EXCHANGE TRADED FUN | 82889N525 | MBS ETF | 81,879 | $4,122,588 | dollars as filed | |
| ENTEGRIS INC COM | 29362U104 | Stock | 42,327 | $3,913,554 | dollars as filed | |
| BERKSHIRE HATHAWAY INC DEL | 084670108 | CL A | 5 | $3,771,000 | dollars as filed | |
| SPDR GOLD TR | 78463V107 | GOLD SHS | 10,440 | $3,711,107 | dollars as filed | |
| MURPHY USA INC COM | 626755102 | Stock | 8,602 | $3,339,813 | dollars as filed | |
| FIRST TR HIGH YIELD OPPRT 20 | 33741Q107 | COM | 222,614 | $3,225,679 | dollars as filed | |
| Adobe Inc | 00724F101 | COM | 8,934 | $3,151,469 | dollars as filed | |
| HCA Healthcare Inc | 40412C101 | COM | 7,038 | $2,999,596 | dollars as filed | |
| ISHARES TR | 464287168 | COM | 20,836 | $2,960,796 | dollars as filed | |
| SPDR S&P Dividend ETF | 78464A763 | SHS | 20,989 | $2,939,509 | dollars as filed | |
| COPART INC COM | 217204106 | Stock | 65,100 | $2,927,547 | dollars as filed | |
| COSTAR GROUP INC COM | 22160N109 | Stock | 33,113 | $2,793,744 | dollars as filed | |
| CONSTELLATION BRANDS INC CL A | 21036P108 | Stock | 20,206 | $2,721,142 | dollars as filed | |
| UnitedHealth Group Inc | 91324P102 | COM | 7,343 | $2,535,568 | dollars as filed | |
| iShares Core S&P Small-Cap ETF | 464287804 | SHS | 20,541 | $2,440,880 | dollars as filed | |
| Walmart Inc. | 931142103 | COM | 22,689 | $2,338,328 | dollars as filed | |
| ZOETIS INC CL A | 98978V103 | Stock | 15,859 | $2,320,489 | dollars as filed | |
| Deere & Company | 244199105 | COM | 4,385 | $2,005,085 | dollars as filed | |
| WISDOMTREE TR | 97717X669 | US QTLY DIV GRT | 21,779 | $1,937,460 | dollars as filed | |
| NATERA INC COM | 632307104 | Stock | 11,727 | $1,887,695 | dollars as filed | |
| ServiceNow,Inc. | 81762P102 | COM | 1,966 | $1,809,270 | dollars as filed | |
| Micron Technology,Inc. | 595112103 | COM | 10,275 | $1,719,213 | dollars as filed | |
| EXELON CORP COM | 30161N101 | Stock | 37,180 | $1,673,472 | dollars as filed | |
| Invesco S&P 500 Momentum ETF | 46138E339 | SHS | 13,676 | $1,655,617 | dollars as filed | |
| AT&T Inc | 00206R102 | COM | 53,720 | $1,517,053 | dollars as filed | |
| UNILEVER PLC | 904767704 | SPON ADR NEW | 25,181 | $1,492,730 | dollars as filed | |
| NEXPOINT RESIDENTIAL TR INC | 65341D102 | COM | 43,691 | $1,407,724 | dollars as filed | |
| SPY | 78462F103 | SHS | 1,971 | $1,313,041 | dollars as filed | |
| TAIWAN SEMICONDUCTOR MFG | 874039100 | SPONSORED ADS | 4,624 | $1,291,437 | dollars as filed | |
| ONEOK INC NEW | 682680103 | COM | 17,194 | $1,254,646 | dollars as filed | |
| RH | 74967X103 | COM | 5,303 | $1,077,357 | dollars as filed | |
| ENTERGY CORP NEW COM | 29364G103 | Stock | 11,500 | $1,071,685 | dollars as filed | |
| NOV INC | 62955J103 | COM | 79,915 | $1,058,874 | dollars as filed | |
| T-Mobile US,Inc. | 872590104 | COM | 4,259 | $1,019,519 | dollars as filed | |
| SCHD | 808524797 | COM | 36,226 | $988,970 | dollars as filed | |
| iShares Russell Midcap ETF | 464287499 | SHS | 10,231 | $987,803 | dollars as filed | |
| Utilities Select Sector SPDR Fund | 81369Y886 | SHS | 11,155 | $972,828 | dollars as filed | |
| DELTA AIR LINES INC COM NEW | 247361702 | Stock | 16,850 | $956,238 | dollars as filed | |
| iShares S&P Mid-Cap 400 Value ETF | 464287705 | SHS | 6,923 | $898,052 | dollars as filed | |
| Vanguard Growth | 922908736 | COM | 1,800 | $863,298 | dollars as filed | |
| FIRST TR EXCHANGE-TRADED FD | 33738D838 | INTER GOVT ETF | 41,036 | $840,015 | dollars as filed | |
| VANGUARD WORLD FD | 92204A603 | INDUSTRIAL ETF | 2,799 | $829,316 | dollars as filed | |
| Health Care Select Sector SPDR Fund | 81369Y209 | SHS | 5,880 | $818,320 | dollars as filed | |
| Altria Group Inc | 02209S103 | COM | 12,045 | $795,693 | dollars as filed | |
| KROGER CO COM | 501044101 | Stock | 11,432 | $770,631 | dollars as filed | |
| ATLANTA BRAVES HLDGS INC | 047726302 | COM SER C | 17,404 | $723,832 | dollars as filed | |
| iShares Russell 2000 ETF | 464287655 | SHS | 2,937 | $710,637 | dollars as filed | |
| VANECK ETF TRUST | 92189H748 | CLO ETF | 13,381 | $710,531 | dollars as filed | |
| IJH | 464287507 | COM | 10,805 | $705,134 | dollars as filed | |
| FIRST TRUST LOW DURATION OPPORTUNITIES ETF | 33739Q200 | ETF | 13,457 | $670,024 | dollars as filed | |
| SELECT SECTOR SPDR TR | 81369Y308 | STATE STREET CON | 8,385 | $657,132 | dollars as filed | |
| ISHARES TR | 464287234 | MSCI EMG MKT ETF | 12,050 | $643,470 | dollars as filed | |
| Vanguard Extended Market ETF | 922908652 | SHS | 2,980 | $623,833 | dollars as filed | |
| Boeing Company | 097023105 | COM | 2,818 | $608,209 | dollars as filed | |
| NEW YORK LIFE INVTS ACTIVE E | 45409F843 | MACK MU INSD ETF | 24,842 | $591,488 | dollars as filed | |
| Netflix, Inc | 64110L106 | COM | 486 | $582,675 | dollars as filed | |
| NXP SEMICONDUCTORS N V COM | N6596X109 | Stock | 2,510 | $571,602 | dollars as filed | |
| Energy Select Sector SPDR Fund | 81369Y506 | SHS | 5,841 | $521,821 | dollars as filed | |
| ENTERPRISE PRODS PARTNERS L | 293792107 | COM | 16,600 | $519,082 | dollars as filed | |
| Vanguard FTSE Europe ETF | 922042874 | SHS | 6,400 | $510,720 | dollars as filed | |
| HF SINCLAIR CORP COM | 403949100 | Stock | 9,450 | $494,613 | dollars as filed | |
| Elevance Health, Inc. | 036752103 | COM | 1,478 | $477,571 | dollars as filed | |
| BLACKROCK 2037 MUNICIPAL TAR | 09262G108 | COM | 18,987 | $476,194 | dollars as filed | |
| VANGUARD SCOTTSDALE FDS | 92206C730 | COM | 1,568 | $474,085 | dollars as filed | |
| iShares U.S. Aerospace & Defense ETF | 464288760 | SHS | 2,260 | $472,928 | dollars as filed | |
| United Parcel Service,Inc. Class B | 911312106 | COM | 5,477 | $457,494 | dollars as filed | |
| Walt Disney Co | 254687106 | COM | 3,946 | $451,843 | dollars as filed | |
| ISHARES TR | 464287796 | U.S. ENERGY ETF | 8,825 | $419,364 | dollars as filed | |
| HALLIBURTON CO COM | 406216101 | Stock | 16,427 | $404,104 | dollars as filed | |
| Vanguard Small-Cap Growth ETF | 922908595 | SHS | 1,350 | $401,787 | dollars as filed | |
| Vanguard Real Estate | 922908553 | SHS | 4,389 | $401,242 | dollars as filed | |
| Wells Fargo & Company | 949746101 | COM | 4,431 | $371,406 | dollars as filed | |
| Southern Company | 842587107 | COM | 3,859 | $365,717 | dollars as filed | |
| TARGET CORP COM | 87612E106 | Stock | 3,957 | $354,968 | dollars as filed | |
| PARSONS CORP DEL COM | 70202L102 | Stock | 4,110 | $340,801 | dollars as filed | |
| IShares Bitcoin Trust Registered | 46438F101 | SHS | 5,171 | $336,115 | dollars as filed | |
| Amgen Inc. | 031162100 | COM | 1,137 | $320,861 | dollars as filed | |
| Berkshire Hathaway Inc | 084670702 | COM | 636 | $319,743 | dollars as filed | |
| CVS Health Corporation | 126650100 | COM | 4,136 | $311,813 | dollars as filed | |
| Vanguard Materials ETF | 92204A801 | SHS | 1,519 | $311,182 | dollars as filed | |
| iShares 0-3 Month Treasury Bond ETF | 46436E718 | SHS | 2,988 | $300,870 | dollars as filed | |
| SELECT SECTOR SPDR TR | 81369Y704 | INDL | 1,925 | $296,893 | dollars as filed | |
| MOLSON COORS BEVERAGE CO CL B | 60871R209 | Stock | 6,480 | $293,220 | dollars as filed | |
| Schwab U.S. Large-Cap ETF | 808524201 | SHS | 11,091 | $292,126 | dollars as filed | |
| Financial Select Sector SPDR Fund | 81369Y605 | SHS | 5,250 | $282,818 | dollars as filed | |
| SPDR SERIES TRUST | 78464A474 | ST SHOR CORP ETF | 9,325 | $282,457 | dollars as filed | |
| ISHARES TR | 464289867 | CORE 60 BALA ETF | 4,200 | $270,396 | dollars as filed | |
| FEDEX CORP COM | 31428X106 | Stock | 1,120 | $264,107 | dollars as filed | |
| SOUTHWESTAIRLSCO | 844741108 | STOK | 7,790 | $248,579 | dollars as filed | |
| NUVEEN MUN VALUE FD INC | 670928100 | COM | 26,346 | $236,587 | dollars as filed | |
| DIAGEO PLC SPON ADR NEW | 25243Q205 | ADR | 2,461 | $234,853 | dollars as filed | |
| VERTIV HOLDINGS CO COM CL A | 92537N108 | Stock | 1,486 | $224,178 | dollars as filed | |
| Alphabet Inc. Reg. Shares A | 02079K305 | COM | 918 | $223,106 | dollars as filed | |
| ISHARES TR | 464287762 | US HLTHCARE ETF | 3,750 | $220,200 | dollars as filed | |
| Vanguard Mid-Cap ETF | 922908629 | SHS | 709 | $208,262 | dollars as filed | |
| CHENIERE ENERGY INC COM NEW | 16411R208 | Stock | 869 | $204,149 | dollars as filed | |
| MARKELGROUPINC | 570535104 | STOK | 105 | $200,693 | dollars as filed | |
| FIRST TR MTG INCOME FD | 33734E103 | COM SHS | 13,170 | $161,298 | dollars as filed | |
| FATE THERAPEUTICS INC | 31189P102 | COM | 12,700 | $16,002 | dollars as filed | |
| NVIDIA Corp | 67066G104 | COM | 1,000 | $15,400 | dollars as filed | put |
Amendment chain
| Filing | Role | Filed | Accepted | Ingested |
|---|---|---|---|---|
| 13F-HR 0001461287-25-000005 | this filing | 2025-10-24 | acceptance time not in the bulk data set |