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Callahan Advisors, LLC — 13F Holdings & Portfolio

CIK 1395055 · latest 13F-HR filed 2026-08-03

Backtest portfolio

Callahan Advisors, LLC manages $1.33B in 13F-reported U.S. long-equity assets across 181 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are GOOG (6.31%), META (4.38%), AMZN (4.24%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 11 new positions and exited 7; 82 existing positions rose in reported value and 48 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$1.33B

Long-equity book

Holdings
181

Distinct positions

Period
2026-06-30

Filed 2026-08-03

Q/Q Activity
+11 / −7 / ↑82 / ↓48

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
GOOG6.3% · -4%META4.4% · +1%AMZN4.2% · +1%MSFT3.6% · +0%AMAT3.3% · -9%CAT3.2% · -11%AAPL3.1% · +1%NVDA2.7% · +4%CB2.6% · +2%JPM2.3% · -1%BRK.B2.3% · +2%BN2.3% · +0%ASML2.1% · +5%JNJ2.0% · -3%LLY2.0% · +8%NEE1.9% · -4%BKNG1.9% · +2590%TSM1.8% · +19%MA1.6% · +7%EQT1.6% · +4%FTNT1.5% · -2%PEP1.5% · +11%MCD1.4% · +10%SYK1.4% · +21%FDX1.4% · -3%XOM1.3% · -4%UNH1.2% · -2%WMT1.1% · -2%PG1.1% · +1%DY1.1% · -0%CVX1.0% · -2%LOW0.9% · -1%URI0.9% · -1%CVS0.9% · +7%PFE0.9% · -16%ETN0.8% · -0%NFLX0.8% · +41%PAYX0.8% · +22%DVA0.8% · +28%STE0.7% · +2%KMI0.7% · -3%WELL0.7% · -1%MSCI0.7% · +16%CTVA0.7% · -23%PRI0.7% · +22%GOOGL0.6% · -11%GEV0.6% · +18%EXP0.6% · +1%IQV0.6% · -15%CSCO0.5% · -8%ABT0.5% · +1%STEL0.5% · -1%CNI0.5% · -6%AXP0.5% · 0%ENB0.4% · -4%CAH0.4% · -14%PLD0.4% · +1%WTW0.4% · +2%DIS0.4% · +0%CLX0.4% · -6%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 35.7%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 30, 2026.

Assets Under Management
$1.33B
Discretionary
$1.33B
Employees
11
Accounts
1,357
Address
3555 TIMMONS LANE
SUITE 600
HOUSTON, TX 77027
Phone
(713) 572-3366
Website
Name Title / Status Ownership Type
CALLAHAN, THOMAS, PATRICK ControlCHAIRMAN
since Nov 1998
Less than 5%Individual
CALLAHAN, THOMAS, PATRICK ControlMANAGING DIRECTOR
since Apr 2020
Less than 5%Individual
GUMMATTIRA, RACHEL, CALLAHAN ControlCHIEF COMPLIANCE OFFICER
since Jan 2016
Less than 5%Individual
RACHEL CALLAHAN GUMMATTIRA 2020 TRUST ControlOWNER
since Apr 2020
50–75%Domestic Entity
THOMAS PATRICK CALLAHAN, JR. 2020 TRUST ControlOWNER
since Apr 2020
50–75%Domestic Entity
CALLAHAN, THOMAS, PATRICK Control
Indirect owner via THOMAS PATRICK CALLAHAN, JR. 2020 TRUST
TRUSTEE
since Apr 2020
75% or moreIndividual
GUMMATTIRA, RACHEL, CALLAHAN Control
Indirect owner via RACHEL CALLAHAN GUMMATTIRA 2020 TRUST
TRUSTEE
since Apr 2020
75% or moreIndividual
Ownership & leadership changes · 4 filings with changes since Mar 21, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jul 25, 2024 filing
  • Listed againCALLAHAN, THOMAS, PATRICK · MANAGING DIRECTOR · Less than 5% · control person
  • ChangedCALLAHAN, THOMAS, PATRICK · ownership 5–10% → Less than 5%
  • ChangedGUMMATTIRA, RACHEL, CALLAHAN · now a control person
  • ChangedRACHEL CALLAHAN GUMMATTIRA 2020 TRUST · ownership 25–50% → 50–75%
  • ChangedTHOMAS PATRICK CALLAHAN, JR. 2020 TRUST · ownership 25–50% → 50–75%
Mar 30, 2020 filing
  • No longer listedBOOTH, WILLIAM, KEITH · MANAGING DIRECTOR · Less than 5% · listed since Jul 2012
  • No longer listedCALLAHAN, THOMAS, PATRICK · MANAGING DIRECTOR · Less than 5% · listed since Dec 2012
  • No longer listedOJHA, HAMENDRA, PRABHULAL · MANAGING DIRECTOR · Less than 5% · listed since Feb 2010
  • AddedCALLAHAN, THOMAS, PATRICK · TRUSTEE · 75% or more · indirect via THOMAS PATRICK CALLAHAN, JR. 2020 TRUST · control person
  • AddedGUMMATTIRA, RACHEL, CALLAHAN · TRUSTEE · 75% or more · indirect via RACHEL CALLAHAN GUMMATTIRA 2020 TRUST · control person
  • AddedRACHEL CALLAHAN GUMMATTIRA 2020 TRUST · OWNER · 25–50% · control person
  • AddedTHOMAS PATRICK CALLAHAN, JR. 2020 TRUST · OWNER · 25–50% · control person
  • ChangedCALLAHAN, THOMAS, PATRICK · title CHAIRMAN AND MEMBER → CHAIRMAN; ownership 75% or more → 5–10%
  • ChangedGUMMATTIRA, RACHEL, CALLAHAN · title MANAGING DIRECTOR AND CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER
Mar 19, 2015 filing
  • ChangedGUMMATTIRA, RACHEL, CALLAHAN · title MANAGING DIRECTOR → MANAGING DIRECTOR AND CHIEF COMPLIANCE OFFICER
  • ChangedOJHA, HAMENDRA, PRABHULAL · title MANAGING DIRECTOR AND CHIEF COMPLIANCE OFFICER → MANAGING DIRECTOR
Mar 19, 2013 filing
  • No longer listedMORRISON, HUGH, MARTIN · MANAGING DIRECTOR · Less than 5% · listed since Nov 2008
  • AddedBOOTH, WILLIAM, KEITH · MANAGING DIRECTOR · Less than 5%
  • AddedCALLAHAN, THOMAS, PATRICK · MANAGING DIRECTOR · Less than 5%
  • AddedGUMMATTIRA, RACHEL, CALLAHAN · MANAGING DIRECTOR · Less than 5%
  • ChangedCALLAHAN, THOMAS, PATRICK · title CHAIRMAN, MEMBER, & CHIEF COMPLIANCE OFFICER → CHAIRMAN AND MEMBER
  • ChangedOJHA, HAMENDRA, PRABHULAL · title MANAGING DIRECTOR → MANAGING DIRECTOR AND CHIEF COMPLIANCE OFFICER
Mar 21, 2012 filing (earliest on record)
  • ListedCALLAHAN, THOMAS, PATRICK · CHAIRMAN, MEMBER, & CHIEF COMPLIANCE OFFICER · 75% or more · control person
  • ListedMORRISON, HUGH, MARTIN · MANAGING DIRECTOR · Less than 5%
  • ListedOJHA, HAMENDRA, PRABHULAL · MANAGING DIRECTOR · Less than 5%

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Callahan Advisors, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 Alphabet Inc Class C GOOG 02079K107 $83.7M 6.31% 236,926 SH
2 Meta Platforms Inc Class A META 30303M102 $58.1M 4.38% 103,080 SH
3 Amazon Com Inc AMZN 023135106 $56.2M 4.24% 235,831 SH
4 Microsoft Corp MSFT 594918104 $47.2M 3.56% 126,474 SH
5 Applied Materials Inc AMAT 038222105 $44.3M 3.34% 61,228 SH
6 Caterpillar Inc CAT 149123101 $42.1M 3.18% 39,578 SH
7 Apple Inc AAPL 037833100 $40.9M 3.09% 141,395 SH
8 NVIDIA Corp NVDA 67066G104 $35.7M 2.69% 178,501 SH
9 Chubb Ltd F CB H1467J104 $34.4M 2.60% 100,999 SH
10 JPMorgan Chase & Co. JPM 46625H100 $31.0M 2.33% 94,588 SH
11 Berkshire Hathaway Cl B BRK.B 084670702 $30.6M 2.30% 61,073 SH
12 Brookfield Corp BN 11271J107 $30.2M 2.28% 708,571 SH
13 A S M L Holding Nv New ASML N07059210 $28.2M 2.13% 14,188 SH
14 Johnson & Johnson JNJ 478160104 $27.0M 2.04% 106,466 SH
15 Eli Lilly & Company LLY 532457108 $26.1M 1.97% 21,791 SH
16 NextEra Energy, Inc NEE 65339F101 $25.4M 1.92% 289,805 SH
17 Booking Holdings Inc BKNG 09857L108 $24.9M 1.88% 139,751 SH
18 Taiwan Semiconductr Adrf TSM 874039100 $23.5M 1.77% 49,233 SH
19 Mastercard Inc MA 57636Q104 $20.7M 1.56% 40,392 SH
20 EQT Corp EQT 26884L109 $20.7M 1.56% 388,477 SH
21 Fortinet Inc FTNT 34959E109 $20.4M 1.54% 133,076 SH
22 Pepsico Incorporated PEP 713448108 $20.0M 1.51% 147,922 SH
23 McDonalds Corp MCD 580135101 $19.1M 1.44% 70,826 SH
24 Stryker Corp SYK 863667101 $18.8M 1.42% 59,630 SH
25 FedEx Corporation FDX 31428X106 $18.6M 1.41% 59,560 SH
26 ExxonMobil Holdings Corp XOM 30231G102 $16.9M 1.28% 123,869 SH
27 United Healthcare Cor UNH 91324P102 $15.6M 1.18% 37,538 SH
28 Walmart Inc WMT 931142103 $15.0M 1.13% 132,761 SH
29 Procter & Gamble Co PG 742718109 $14.8M 1.12% 100,890 SH
30 Dycom Industries Inc DY 267475101 $14.2M 1.07% 28,125 SH
31 Chevron Corp CVX 166764100 $12.7M 0.96% 76,544 SH
32 Lowes Companies Inc LOW 548661107 $12.5M 0.94% 56,490 SH
33 United Rentals Inc URI 911363109 $12.3M 0.93% 10,837 SH
34 CVS Health Corporation CVS 126650100 $11.4M 0.86% 110,374 SH
35 Pfizer Incorporated PFE 717081103 $11.3M 0.86% 471,052 SH
36 Eaton Corporation ETN G29183103 $11.0M 0.83% 25,775 SH
37 Netflix Inc NFLX 64110L106 $10.8M 0.82% 151,451 SH
38 Paychex Inc PAYX 704326107 $10.7M 0.81% 109,062 SH
39 Davita Inc DVA 23918K108 $10.0M 0.76% 45,098 SH
40 Steris Corp STE G8473T100 $9.8M 0.74% 46,657 SH
41 Kinder Morgan Inc KMI 49456B101 $9.6M 0.73% 300,963 SH
42 Welltower Inc WELL 95040Q104 $9.5M 0.72% 41,924 SH
43 MSCI Inc MSCI 55354G100 $9.4M 0.71% 16,840 SH
44 Corteva Inc CTVA 22052L104 $8.9M 0.67% 104,955 SH
45 Primerica Inc PRI 74164M108 $8.8M 0.67% 31,048 SH
46 Alphabet Inc Class A GOOGL 02079K305 $8.6M 0.65% 24,092 SH
47 GE Vernova Inc GEV 36828A101 $7.9M 0.59% 6,699 SH
48 Eagle Materials Inc EXP 26969P108 $7.4M 0.56% 32,739 SH
49 Iqvia Holdings Inc IQV 46266C105 $7.3M 0.55% 37,917 SH
50 Cisco Systems Inc CSCO 17275R102 $7.0M 0.53% 59,625 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-03 $1.33B 181 0001140361-26-030698
2026-03-31 2026-05-12 $1.20B 177 0001140361-26-020771
2025-12-31 2026-02-06 $1.22B 174 0001140361-26-004098
2025-09-30 2025-10-31 $1.18B 168 0001140361-25-039992
Filer Information
Address
3555 TIMMONS LANE, SUITE 600
HOUSTON, TX 77027
Phone
(713) 572-3366
Filing Manager
Callahan Advisors, LLC
Houston, TX
Signatory
/s/ Rachel C. Gummattira
Managing Director