Narwhal Capital Management Portfolio Stock Holdings

Narwhal Capital Management disclosed 168 stock positions valued at approximately $1.4 billion in its latest SEC 13F filing. The largest holdings include ISHARES TR, NVIDIA CORPORATION, and ALPHABET INC. The filing reflects positions held as of March 31, 2026 and was filed on April 24, 2026.

Report Period
March 31, 2026
No. of Stocks
168
Portfolio Value
$1.4B
Holdings by Sector
Narwhal Capital Management Portfolio Holdings in Q1 2026

166 holdings in the latest reporting period.

Page 1 of 2
CompanySymbolSectorPortfolio %SharesChange (Shares)Change %Value
ISHARES TRIVVOther10.20%211,569+1,010+0.48%$138,198,877
NVIDIA CORPORATIONNVDATechnology6.43%499,471+1,342+0.27%$87,107,714
ALPHABET INCGOOGCommunication Services6.04%285,518+1,011+0.36%$81,903,827
APPLE INCAAPLTechnology5.23%279,552+3,423+1.24%$70,947,579
MICROSOFT CORPMSFTTechnology4.48%164,135+2,738+1.70%$60,757,915
ISHARES GOLD TRIAUOther4.37%671,733-890-0.13%$59,219,981
AMAZON COM INCAMZNConsumer Cyclical3.39%220,747+4,141+1.91%$45,974,877
JPMORGAN CHASE & COJPMFinancial Services2.82%129,809-194-0.15%$38,184,551
VULCAN MATLS COVMCBasic Materials2.70%134,579+1,686+1.27%$36,645,862
META PLATFORMS INCMETACommunication Services2.07%49,136+542+1.12%$28,112,185
JOHNSON & JOHNSONJNJHealthcare1.71%94,611-1,170-1.22%$23,126,672
HOME DEPOT INCHDConsumer Cyclical1.64%67,655+3,764+5.89%$22,250,986
GOLDMAN SACHS GROUP INCGSFinancial Services1.62%25,888+876+3.50%$21,901,202
EXXON MOBIL CORPXOMEnergy1.50%119,703-962-0.80%$20,308,774
ANALOG DEVICES INCADITechnology1.49%63,560-2,214-3.37%$20,220,978
ELI LILLY & COLLYHealthcare1.46%21,484+550+2.63%$19,760,339
ISHARES TRIVEOther1.45%92,784--$19,591,342
LOCKHEED MARTIN CORPLMTIndustrials1.43%32,125-1,112-3.35%$19,416,029
BLACKROCK INCBLKOther1.43%20,103-1,076-5.08%$19,332,783
AMERICAN EXPRESS COAXPFinancial Services1.22%54,457-1,732-3.08%$16,472,226
CATERPILLAR INCCATIndustrials1.21%23,186+1,479+6.81%$16,426,356
VISA INCVFinancial Services1.21%54,184-5,504-9.22%$16,376,653
L3HARRIS TECHNOLOGIES INCLHXIndustrials1.19%46,701-4,584-8.94%$16,118,872
NEXTERA ENERGY INCNEEUtilities1.18%172,539-5,807-3.26%$16,025,458
CISCO SYS INCCSCOTechnology1.08%188,572-15,568-7.63%$14,631,264
RTX CORPORATIONRTXIndustrials1.03%72,202-152-0.21%$13,927,766
MERCK & CO INCMRKHealthcare0.99%111,375-368-0.33%$13,397,299
ISHARES TRIWFOther0.98%31,305-22-0.07%$13,348,452
GENERAL DYNAMICS CORPGDIndustrials0.96%37,862+339+0.90%$12,994,996
PROCTER & GAMBLE COPGConsumer Defensive0.95%89,457+7,289+8.87%$12,921,228
NORTHROP GRUMMAN CORPNOCIndustrials0.84%16,636-3,072-15.59%$11,349,745
BROADCOM INCAVGOTechnology0.80%35,222-1,448-3.95%$10,901,561
PHILIP MORRIS INTL INCPMConsumer Defensive0.78%63,896-4,313-6.32%$10,564,565
VALERO ENERGY CORPVLOEnergy0.71%39,062-248-0.63%$9,651,494
CANADIAN PACIFIC KANSAS CITYCPIndustrials0.66%112,975-3,308-2.84%$8,886,614
PEPSICO INCPEPConsumer Defensive0.64%56,091-1,312-2.29%$8,710,371
AVALONBAY CMNTYS INCAVBReal Estate0.63%51,994+270+0.52%$8,493,220
BLACKSTONE INCBXFinancial Services0.62%72,533+779+1.09%$8,340,570
INTERCONTINENTAL EXCHANGE INICEFinancial Services0.61%52,178+35,092+205.38%$8,206,556
BLACKROCK MUN TARGET TERM TRBTTFinancial Services0.60%357,067-30,635-7.90%$8,105,429
NOVARTIS AGNVSHealthcare0.59%52,668-1,144-2.13%$8,045,037
CINCINNATI FINL CORPCINFFinancial Services0.59%50,765+1,242+2.51%$7,987,873
BWX TECHNOLOGIES INCBWXTIndustrials0.59%38,969+9,853+33.84%$7,968,771
STARBUCKS CORPSBUXConsumer Cyclical0.58%87,728+5,586+6.80%$7,859,552
INVESCO QQQ TRQQQOther0.55%12,877+385+3.08%$7,432,589
CHEVRON CORPORATIONCVXEnergy0.55%35,774+1,556+4.55%$7,401,641
ABBOTT LABORATORIESABTHealthcare0.54%71,812-5,170-6.72%$7,372,943
COSTCO WHOLESALE CORPORATIONCOSTConsumer Defensive0.50%6,740+932+16.05%$6,715,938
ORACLE CORPORCLTechnology0.49%45,519+9,512+26.42%$6,696,293
MUELLER INDS INCMLIIndustrials0.48%58,806-4,037-6.42%$6,515,705
ISHARES TRIVWOther0.47%56,000--$6,334,160
SLB LIMITEDSLBEnergy0.44%115,096-7,911-6.43%$5,914,783
GRACO INCGGGIndustrials0.42%67,404+13,316+24.62%$5,705,749
RELX PLCRELXIndustrials0.41%168,943+19,926+13.37%$5,600,460
SELECT SECTOR SPDR TRXLKOther0.41%42,000--$5,581,800
ENTEGRIS INCENTGTechnology0.41%46,839+2,680+6.07%$5,491,404
DOMINOS PIZZA INCDPZConsumer Cyclical0.40%15,062-1,702-10.15%$5,404,095
HCA HEALTHCARE INCHCAHealthcare0.40%11,379-1,864-14.08%$5,384,998
CRH PLCCRHOther0.39%50,851+458+0.91%$5,345,457
KINDER MORGAN INC DELKMIEnergy0.39%155,638+1,358+0.88%$5,218,542
STATE STR SPDR DOW JONES INDDIAOther0.38%11,080--$5,132,145
ETFS GOLD TRSGOLOther0.37%113,248-2,778-2.39%$5,053,126
NETFLIX INC.NFLXCommunication Services0.34%48,024+39,091+437.60%$4,617,508
UFP INDUSTRIES INCUFPIBasic Materials0.34%49,721+5,513+12.47%$4,580,299
SPDR GOLD TRGLDOther0.33%10,263--$4,416,066
QUALCOMM INCQCOMTechnology0.32%34,198-827-2.36%$4,403,987
CONSTELLATION ENERGY CORPCEGUtilities0.32%15,768-47-0.30%$4,403,214
GARMIN LTDGRMNOther0.30%17,674-651-3.55%$4,100,545
ADOBE INCADBETechnology0.30%16,817+3,977+30.97%$4,087,876
MICRON TECHNOLOGY INCMUTechnology0.27%11,023-165-1.47%$3,724,010
BERKSHIRE HATHAWAY INC DELBRK-AFinancial Services0.26%5--$3,590,700
SERVICENOW INCNOWTechnology0.25%32,731+15,754+92.80%$3,422,026
WALMART INCWMTConsumer Defensive0.25%27,051+2,202+8.86%$3,361,898
ISHARES TRDVYOther0.23%20,998+28+0.13%$3,179,270
SIMPLIFY EXCHANGE TRADED FUNMTBAOther0.23%62,064-10,004-13.88%$3,069,680
SPDR SERIES TRUSTSDYOther0.23%20,989--$3,063,135
CONSTELLATION BRANDS INCSTZConsumer Defensive0.22%19,764+13,942+239.47%$2,964,600
FIRST TR HIGH YIELD OPPRT 20FTHYOther0.20%196,865+41,882+27.02%$2,663,586
ISHARES TRIJROther0.19%20,450--$2,542,140
TESLA INCTSLAConsumer Cyclical0.18%6,519-67-1.02%$2,423,438
NEXPOINT RESIDENTIAL TR INCNXRTReal Estate0.14%76,610+39,393+105.85%$1,915,250
WISDOMTREE TRDGRWOther0.14%21,779--$1,913,067
NATERA INCNTRAHealthcare0.13%9,103-642-6.59%$1,820,509
EXELON CORPEXCUtilities0.13%36,855-275-0.74%$1,806,632
ENTERGY CORP NEWETRUtilities0.12%14,941+846+6.00%$1,678,771
TAIWAN SEMICONDUCTOR MANUFACTSMTechnology0.12%4,634+10+0.22%$1,566,060
AT&T INCTCommunication Services0.11%53,728+5+0.01%$1,557,578
ONEOK INC NEWOKEEnergy0.11%17,194--$1,554,166
INVESCO EXCH TRADED FD TR IISPMOOther0.11%12,836-840-6.14%$1,439,044
UNITEDHEALTH GROUP INCUNHHealthcare0.09%4,554-988-17.83%$1,232,282
FIRST TR EXCHANGE-TRADED FDMGOVOther0.09%58,576+16,123+37.98%$1,187,770
STATE STR SPDR S&P 500 ETF TSPYOther0.08%1,762-285-13.92%$1,145,899
DELTA AIR LINES INCDALIndustrials0.08%16,850--$1,120,188
SCHWAB STRATEGIC TRSCHDOther0.08%35,676-25-0.07%$1,094,540
SELECT SECTOR SPDR TRXLUOther0.08%22,360+50+0.22%$1,026,100
ISHARES TRIWROther0.07%10,231--$994,760
VANECK ETF TRUSTCLOIOther0.07%18,181+2,664+17.17%$958,139
ISHARES TRIJJOther0.07%6,923--$917,298
VANGUARD WORLD FDVISOther0.06%2,799--$873,904
KROGER COKRConsumer Defensive0.06%11,923-18,158-60.36%$862,748
Narwhal Capital Management Options Holdings in Q1 2026

1 options positions in the latest reporting period.

Page 1 of 1
QuarterSymbolCompanyOptionContractsNotional Value
Q1 2026NVDANVIDIA CorporationPUT10$12,300

Notional value represents the total exposure of the options position.