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Portfolio (Quarterly) Guide ↗

Narwhal Capital Management

· CIK 0001461287
13F Portfolio $1.4B AUM Filed Jan 30, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 163 New
Page 3 of 9  ·  163 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 QQQ INVESCO QQQ TR Financial Services 12,492.0 $7.7M 0.56% NEW $614.31 +14.9%
42 NVS NOVARTIS AG Healthcare 53,812.0 $7.4M 0.54% NEW $137.87 +7.4%
43 MLI MUELLER INDS INC Industrials 62,843.0 $7.2M 0.52% NEW $114.80 +18.9%
44 ORCL ORACLE CORP Technology 36,007.0 $7.0M 0.51% NEW $194.91 -1.0%
45 DPZ DOMINOS PIZZA INC Consumer Cyclical 16,764.0 $7.0M 0.51% NEW $416.82 -27.5%
46 SBUX STARBUCKS CORP Consumer Cyclical 82,142.0 $6.9M 0.50% NEW $84.21 +26.8%
47 IVW ISHARES TR 56,000.0 $6.9M 0.50% NEW $123.26 +10.2%
48 VLO VALERO ENERGY CORP Energy 39,310.0 $6.4M 0.47% NEW $162.79 +54.0%
49 CRH PLC 50,393.0 $6.3M 0.46% NEW $124.80
50 HCA HCA HEALTHCARE INC Healthcare 13,243.0 $6.2M 0.45% NEW $466.86 -9.4%
51 XLK SELECT SECTOR SPDR TR 42,000.0 $6.0M 0.44% NEW $143.97 +21.1%
52 RELX RELX PLC Communication Services 149,017.0 $6.0M 0.44% NEW $40.42 -19.8%
53 QCOM QUALCOMM INC Technology 35,025.0 $6.0M 0.43% NEW $171.05 +17.8%
54 CEG CONSTELLATION ENERGY CORP Utilities 15,815.0 $5.6M 0.41% NEW $353.27 -25.8%
55 DIA SPDR DOW JONES INDL AVERAGE Financial Services 11,080.0 $5.3M 0.39% NEW $480.57 +3.4%
56 CVX CHEVRON CORP NEW Energy 34,218.0 $5.2M 0.38% NEW $152.41 +25.4%
57 BWXT BWX TECHNOLOGIES INC Industrials 29,116.0 $5.0M 0.37% NEW $172.84 +16.8%
58 COST COSTCO WHSL CORP NEW Consumer Defensive 5,808.0 $5.0M 0.36% NEW $862.34 +21.6%
59 SGOL ETFS GOLD TR Financial Services 116,026.0 $4.8M 0.35% NEW $41.08 +5.6%
60 SLB SLB LIMITED Energy 123,007.0 $4.7M 0.34% NEW $38.38 +44.3%
Page 3 of 9  ·  163 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 28.9%
Financial Services 21.2%
Communication Services 11.7%
Industrials 9.0%
Consumer Cyclical 8.0%
Healthcare 7.3%
Consumer Defensive 3.7%
Basic Materials 3.7%
Energy 3.4%
Utilities 1.9%