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Portfolio (Quarterly) Guide ↗

Narwhal Capital Management

· CIK 0001461287
13F Portfolio $1.4B AUM 169 positions Filed Apr 24, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 10 New 46 Added 54 Reduced 4 Exited
Page 3 of 3  ·  46 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 DE DEERE & CO Industrials 914.0 $515K 0.04% +156.0 +20.6% $563.30 -1.0%
42 CPRT COPART INC Industrials 13,221.0 $439K 0.03% +3K +34.8% $33.20 +0.6%
43 LNG CHENIERE ENERGY INC Energy 1,518.0 $431K 0.03% +131.0 +9.4% $283.76 -13.2%
44 VNQ VANGUARD INDEX FDS 4,781.0 $424K 0.03% +841.0 +21.4% $88.70 +6.7%
45 SGOV ISHARES TR 3,250.0 $327K 0.02% +23.0 +0.7% $100.67 -0.1%
46 DHI D R HORTON INC Consumer Cyclical 1,817.0 $249K 0.02% +217.0 +13.6% $137.22 -2.2%
Page 3 of 3  ·  46 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 26.8%
Financial Services 21.1%
Communication Services 11.1%
Industrials 10.4%
Consumer Cyclical 7.7%
Healthcare 7.3%
Energy 4.7%
Consumer Defensive 4.3%
Basic Materials 3.7%
Utilities 2.0%