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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 6 of 9  ·  169 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 VIS VANGUARD WORLD FD 2,799.0 $874K 0.06% $312.22 +5.2%
102 KR KROGER CO Consumer Defensive 11,923.0 $863K 0.06% -18K -60.4% $72.36 -5.6%
103 XLV SELECT SECTOR SPDR TR 5,805.0 $851K 0.06% -75.0 -1.3% $146.61 +0.5%
104 MO ALTRIA GROUP INC Consumer Defensive 12,045.0 $795K 0.06% $65.99 +11.7%
105 VUG VANGUARD INDEX FDS 1,804.0 $788K 0.06% $436.79 -80.2%
106 ATLANTA BRAVES HLDGS INC 17,404.0 $743K 0.06% $42.70
107 XLE SELECT SECTOR SPDR TR 11,678.0 $715K 0.05% $61.26 +0.0%
108 MCD MCDONALDS CORP Consumer Cyclical 2,244.0 $697K 0.05% +132.0 +6.2% $310.79 -9.1%
109 BA BOEING CO Industrials 3,457.0 $688K 0.05% +633.0 +22.4% $199.03 +8.0%
110 EEM ISHARES TR 12,050.0 $684K 0.05% $56.79 +13.2%
111 MUSA MURPHY USA INC Consumer Cyclical 1,297.0 $641K 0.05% -313.0 -19.4% $493.97 +14.4%
112 HAL HALLIBURTON CO Energy 16,227.0 $633K 0.05% $38.99 +9.7%
113 EPD ENTERPRISE PRODS PARTNERS L Energy 16,600.0 $628K 0.05% $37.84 +4.3%
114 XLP SELECT SECTOR SPDR TR 7,580.0 $621K 0.05% $81.98 +5.0%
115 VXF VANGUARD INDEX FDS 2,917.0 $600K 0.04% $205.80 +8.0%
116 DINO HF SINCLAIR CORP Energy 9,450.0 $590K 0.04% $62.39 +12.7%
117 IYE ISHARES TR 8,825.0 $572K 0.04% $64.77 -0.1%
118 DIS DISNEY WALT CO Communication Services 5,703.0 $550K 0.04% +2K +59.9% $96.39 +7.8%
119 VGK VANGUARD INTL EQUITY INDEX F 6,400.0 $528K 0.04% $82.43 +4.8%
120 DE DEERE & CO Industrials 914.0 $515K 0.04% +156.0 +20.6% $563.30 +0.2%
Page 6 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%