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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 7 of 9  ·  163 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 EPD ENTERPRISE PRODS PARTNERS L Energy 16,600.0 $532K 0.04% NEW $32.06 +23.0%
122 XLE SELECT SECTOR SPDR TR 11,681.0 $522K 0.04% NEW $44.71 +35.3%
123 ELV ELEVANCE HEALTH INC FORMERLY Healthcare 1,478.0 $518K 0.04% NEW $350.55 +12.0%
124 BMN BLACKROCK 2037 MUNICIPAL TAR Financial Services 19,392.0 $508K 0.04% NEW $26.18 -2.5%
125 ITA ISHARES TR 2,260.0 $485K 0.04% NEW $214.69 +1.8%
126 VONE VANGUARD SCOTTSDALE FDS 1,568.0 $485K 0.04% NEW $309.04 +7.2%
127 HAL HALLIBURTON CO Energy 16,227.0 $459K 0.03% NEW $28.26 +51.6%
128 VRT VERTIV HOLDINGS CO Industrials 2,695.0 $437K 0.03% NEW $162.01 +101.1%
129 DINO HF SINCLAIR CORP Energy 9,450.0 $435K 0.03% NEW $46.08 +51.6%
130 IYE ISHARES TR 8,825.0 $419K 0.03% NEW $47.53 +34.9%
131 WFC WELLS FARGO CO NEW Financial Services 4,431.0 $413K 0.03% NEW $93.20 -20.2%
132 VBK VANGUARD INDEX FDS 1,350.0 $408K 0.03% NEW $302.11 +9.5%
133 DIS DISNEY WALT CO Communication Services 3,567.0 $406K 0.03% NEW $113.78 -9.6%
134 CPRT COPART INC Industrials 9,806.0 $384K 0.03% NEW $39.15 -14.7%
135 AMGN AMGEN INC Healthcare 1,114.0 $365K 0.03% NEW $327.31 -1.4%
136 DE DEERE & CO Industrials 758.0 $353K 0.03% NEW $465.57 +19.7%
137 VNQ VANGUARD INDEX FDS 3,940.0 $349K 0.03% NEW $88.49 +6.9%
138 SO SOUTHERN CO Utilities 3,859.0 $337K 0.02% NEW $87.20 +7.5%
139 CVS CVS HEALTH CORP Healthcare 4,136.0 $328K 0.02% NEW $79.36 +19.2%
140 SCHX SCHWAB STRATEGIC TR 12,104.0 $326K 0.02% NEW $26.91 +7.2%
Page 7 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%