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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 9  ·  169 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 NVS NOVARTIS AG Healthcare 52,668.0 $8.0M 0.59% -1K -2.1% $152.75 -3.1%
42 CINF CINCINNATI FINL CORP Financial Services 50,765.0 $8.0M 0.59% +1K +2.5% $157.35 +6.5%
43 BWXT BWX TECHNOLOGIES INC Industrials 38,969.0 $8.0M 0.59% +10K +33.8% $204.49 -1.2%
44 SBUX STARBUCKS CORP Consumer Cyclical 87,728.0 $7.9M 0.58% +6K +6.8% $89.59 +19.2%
45 QQQ INVESCO QQQ TR Financial Services 12,877.0 $7.4M 0.55% +385.0 +3.1% $577.20 +22.3%
46 CVX CHEVRON CORPORATION Energy 35,774.0 $7.4M 0.55% +2K +4.5% $206.90 -7.6%
47 ABT ABBOTT LABORATORIES Healthcare 71,812.0 $7.4M 0.54% -5K -6.7% $102.67 -14.4%
48 COST COSTCO WHOLESALE CORPORATION Consumer Defensive 6,740.0 $6.7M 0.50% +932.0 +16.1% $996.43 +5.3%
49 ORCL ORACLE CORP Technology 45,519.0 $6.7M 0.49% +10K +26.4% $147.11 +31.2%
50 MLI MUELLER INDS INC Industrials 58,806.0 $6.5M 0.48% -4K -6.4% $110.80 +23.1%
51 SUNB SUNBELT RENTALS HOLDINGS INC Financial Services 99,371.0 $6.5M 0.48% NEW $65.09 +17.2%
52 IVW ISHARES TR 56,000.0 $6.3M 0.47% $113.11 +20.1%
53 SLB SLB LIMITED Energy 115,096.0 $5.9M 0.44% -8K -6.4% $51.39 +7.8%
54 GGG GRACO INC Industrials 67,404.0 $5.7M 0.42% +13K +24.6% $84.65 -10.5%
55 RELX RELX PLC Communication Services 168,943.0 $5.6M 0.41% +20K +13.4% $33.15 -2.3%
56 XLK SELECT SECTOR SPDR TR 42,000.0 $5.6M 0.41% $132.90 +31.2%
57 ENTG ENTEGRIS INC Technology 46,839.0 $5.5M 0.41% +3K +6.1% $117.24 +13.5%
58 DPZ DOMINOS PIZZA INC Consumer Cyclical 15,062.0 $5.4M 0.40% -2K -10.2% $358.79 -15.7%
59 HCA HCA HEALTHCARE INC Healthcare 11,379.0 $5.4M 0.40% -2K -14.1% $473.24 -10.6%
60 CRH PLC 50,851.0 $5.3M 0.39% +458.0 +0.9% $105.12
Page 3 of 9  ·  169 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%