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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 4 of 9  ·  169 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 KMI KINDER MORGAN INC DEL Energy 155,638.0 $5.2M 0.39% +1K +0.9% $33.53 +0.3%
62 DIA STATE STR SPDR DOW JONES IND Financial Services 11,080.0 $5.1M 0.38% $463.19 +7.3%
63 SGOL ETFS GOLD TR Financial Services 113,248.0 $5.1M 0.37% -3K -2.4% $44.62 -2.7%
64 NFLX NETFLIX INC. Communication Services 48,024.0 $4.6M 0.34% +39K +437.6% $96.15 -9.5%
65 UFPI UFP INDUSTRIES INC Basic Materials 49,721.0 $4.6M 0.34% +6K +12.5% $92.12 -13.1%
66 GLD SPDR GOLD TR Financial Services 10,263.0 $4.4M 0.33% $430.29 -3.0%
67 QCOM QUALCOMM INC Technology 34,198.0 $4.4M 0.33% -827.0 -2.4% $128.78 +56.5%
68 CEG CONSTELLATION ENERGY CORP Utilities 15,768.0 $4.4M 0.33% $279.25 -6.2%
69 GRMN GARMIN LTD Technology 17,674.0 $4.1M 0.30% -651.0 -3.5% $232.01 -2.7%
70 ADBE ADOBE INC Technology 16,817.0 $4.1M 0.30% +4K +31.0% $243.08 +5.2%
71 MU MICRON TECHNOLOGY INC Technology 11,023.0 $3.7M 0.28% -165.0 -1.5% $337.84 +114.5%
72 BERKSHIRE HATHAWAY INC DEL 5.0 $3.6M 0.27% $718140.00
73 NOW SERVICENOW INC Technology 32,731.0 $3.4M 0.25% +16K +92.8% $104.55 -9.1%
74 WMT WALMART INC Consumer Defensive 27,051.0 $3.4M 0.25% +2K +8.9% $124.28 +5.8%
75 DVY ISHARES TR 20,998.0 $3.2M 0.23% $151.41 +0.7%
76 MTBA SIMPLIFY EXCHANGE TRADED FUN 62,064.0 $3.1M 0.23% -10K -13.9% $49.46 -1.0%
77 SDY SPDR SERIES TRUST 20,989.0 $3.1M 0.23% $145.94 +1.3%
78 STZ CONSTELLATION BRANDS INC Consumer Defensive 19,764.0 $3.0M 0.22% +14K +239.5% $150.00 -5.1%
79 FIRST TR HIGH YIELD OPPRT 20 196,865.0 $2.7M 0.20% +42K +27.0% $13.53
80 IJR ISHARES TR 20,450.0 $2.5M 0.19% $124.31 +8.1%
Page 4 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%