Narwhal Capital Management — 13F Holdings & Portfolio
CIK 1461287 · latest 13F-HR filed 2026-07-24
Narwhal Capital Management manages $1.45B in 13F-reported U.S. long-equity assets across 157 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (10.97%), NVDA (6.89%), GOOG (6.81%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 7 new positions, exited 20, added to 77, and trimmed 35.
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.
SUITE 420
MARIETTA, GA 30060
$1.45B
Long-equity book
157
Distinct positions
2026-06-30
Filed 2026-07-24
+7 / −20 / ↑77 / ↓35
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- ISHARES TR$20.6M +14.9%
- ALPHABET INC$16.6M +20.3%
- NVIDIA CORPORATION$12.6M +14.5%
- APPLE INC$10.1M +14.3%
- MICRON TECHNOLOGY INC$9.0M +240.5%
Top Trims
- ISHARES GOLD TR-$8.5M -14.3%
- LOCKHEED MARTIN CORP-$6.6M -34.0%
- EXXON MOBIL CORP-$4.9M -24.3%
- ABBOTT LABORATORIES-$4.9M -66.0%
- L3HARRIS TECHNOLOGIES INC-$4.4M -27.3%
New Positions
- AMRIZE LTD$3.5M
- QUEST DIAGNOSTICS INC$2.8M
- ASML HLDG NV$2.5M
- SAIA INC$996.5K
- AUTODESK INC$360.1K
Exited Positions
- BLACKROCK MUN TARGET TERM TR$8.1M
- SIMPLIFY EXCHANGE TRADED FUN$3.1M
- FIRST TR HIGH YIELD OPPRT 20$2.7M
- FIRST TR EXCHANGE-TRADED FD$1.2M
- VANECK ETF TRUST$958.1K
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 | ISHARES TR | IVV | 464287200 | $158.8M | 10.97% | 212,038 | SH |
| 2 | NVIDIA CORPORATION | NVDA | 67066G104 | $99.7M | 6.89% | 498,520 | SH |
| 3 | ALPHABET INC | GOOG | 02079K107 | $98.5M | 6.81% | 278,904 | SH |
| 4 | APPLE INC | AAPL | 037833100 | $81.1M | 5.60% | 280,237 | SH |
| 5 | MICROSOFT CORP | MSFT | 594918104 | $60.5M | 4.18% | 162,292 | SH |
| 6 | AMAZON COM INC | AMZN | 023135106 | $54.3M | 3.75% | 227,622 | SH |
| 7 | ISHARES GOLD TR | IAU | 464285204 | $50.7M | 3.50% | 672,087 | SH |
| 8 | JPMORGAN CHASE & CO | JPM | 46625H100 | $42.4M | 2.93% | 129,578 | SH |
| 9 | VULCAN MATLS CO | VMC | 929160109 | $39.3M | 2.72% | 133,357 | SH |
| 10 | META PLATFORMS INC | META | 30303M102 | $26.9M | 1.86% | 47,775 | SH |
| 11 | ANALOG DEVICES INC | ADI | 032654105 | $26.0M | 1.79% | 65,383 | SH |
| 12 | GOLDMAN SACHS GROUP INC | GS | 38141G104 | $25.2M | 1.74% | 24,939 | SH |
| 13 | ELI LILLY & CO | LLY | 532457108 | $24.5M | 1.69% | 20,444 | SH |
| 14 | JOHNSON & JOHNSON | JNJ | 478160104 | $23.9M | 1.65% | 94,177 | SH |
| 15 | CATERPILLAR INC | CAT | 149123101 | $23.6M | 1.63% | 22,180 | SH |
| 16 | HOME DEPOT INC | HD | 437076102 | $23.1M | 1.59% | 65,453 | SH |
| 17 | CISCO SYS INC | CSCO | 17275R102 | $22.6M | 1.56% | 192,141 | SH |
| 18 | ISHARES TR | IVE | 464287408 | $21.1M | 1.45% | 92,784 | SH |
| 19 | AMERICAN EXPRESS CO | AXP | 025816109 | $19.1M | 1.32% | 56,415 | SH |
| 20 | BLACKROCK INC | BLK | 09290D101 | $18.1M | 1.25% | 18,788 | SH |
| 21 | VISA INC | V | 92826C839 | $15.9M | 1.10% | 46,402 | SH |
| 22 | ISHARES TR | IWF | 464287614 | $15.5M | 1.07% | 125,220 | SH |
| 23 | BROADCOM INC | AVGO | 11135F101 | $15.5M | 1.07% | 41,122 | SH |
| 24 | EXXON MOBIL CORP | XOM | 30231G102 | $15.4M | 1.06% | 112,375 | SH |
| 25 | RTX CORPORATION | RTX | 75513E101 | $15.2M | 1.05% | 80,241 | SH |
| 26 | GENERAL DYNAMICS CORP | GD | 369550108 | $13.6M | 0.94% | 38,504 | SH |
| 27 | NEXTERA ENERGY INC | NEE | 65339F101 | $13.6M | 0.94% | 155,183 | SH |
| 28 | LOCKHEED MARTIN CORP | LMT | 539830109 | $12.8M | 0.88% | 25,135 | SH |
| 29 | MERCK & CO INC | MRK | 58933Y105 | $12.8M | 0.88% | 99,503 | SH |
| 30 | MICRON TECHNOLOGY INC | MU | 595112103 | $12.7M | 0.88% | 10,985 | SH |
| 31 | PROCTER & GAMBLE CO | PG | 742718109 | $12.6M | 0.87% | 86,077 | SH |
| 32 | L3HARRIS TECHNOLOGIES INC | LHX | 502431109 | $11.7M | 0.81% | 40,344 | SH |
| 33 | CANADIAN PACIFIC KANSAS CITY | CP | 13646K108 | $11.0M | 0.76% | 126,466 | SH |
| 34 | PHILIP MORRIS INTL INC | PM | 718172109 | $10.4M | 0.72% | 57,529 | SH |
| 35 | SERVICENOW INC | NOW | 81762P102 | $10.3M | 0.71% | 103,711 | SH |
| 36 | VALERO ENERGY CORP | VLO | 91913Y100 | $10.0M | 0.69% | 38,358 | SH |
| 37 | INVESCO QQQ TR | QQQ | 46090E103 | $9.5M | 0.65% | 12,866 | SH |
| 38 | CINCINNATI FINL CORP | CINF | 172062101 | $9.2M | 0.64% | 49,750 | SH |
| 39 | QUALCOMM INC | QCOM | 747525103 | $8.9M | 0.62% | 48,292 | SH |
| 40 | ENTEGRIS INC | ENTG | 29362U104 | $8.7M | 0.60% | 48,096 | SH |
| 41 | NORTHROP GRUMMAN CORP | NOC | 666807102 | $8.4M | 0.58% | 16,474 | SH |
| 42 | NOVARTIS AG | NVS | 66987V109 | $8.3M | 0.57% | 52,702 | SH |
| 43 | AVALONBAY CMNTYS INC | AVB | 053484101 | $8.2M | 0.57% | 43,562 | SH |
| 44 | SELECT SECTOR SPDR TR | XLK | 81369Y803 | $8.0M | 0.55% | 42,000 | SH |
| 45 | ISHARES TR | IVW | 464287309 | $7.7M | 0.53% | 56,000 | SH |
| 46 | INTERCONTINENTAL EXCHANGE IN | ICE | 45866F104 | $7.6M | 0.53% | 61,878 | SH |
| 47 | BLACKSTONE INC | BX | 09260D107 | $7.5M | 0.52% | 63,897 | SH |
| 48 | SUNBELT RENTALS HOLDINGS INC | SUNB | 866966104 | $7.0M | 0.48% | 93,850 | SH |
| 49 | GRACO INC | GGG | 384109104 | $6.8M | 0.47% | 90,559 | SH |
| 50 | COSTCO WHOLESALE CORPORATION | COST | 22160K105 | $6.6M | 0.46% | 7,079 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-24 | $1.45B | 157 | 0001461287-26-000003 |
| 2026-03-31 | 2026-04-24 | $1.36B | 169 | 0001461287-26-000002 |
| 2025-12-31 | 2026-01-30 | $1.38B | 163 | 0001461287-26-000001 |