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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 8 of 9  ·  169 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 WFC WELLS FARGO & CO Financial Services 4,431.0 $353K 0.03% $79.61 -6.6%
142 KO COCA COLA CO Consumer Defensive 4,445.0 $338K 0.03% NEW $76.05 +7.4%
143 SGOV ISHARES TR 3,250.0 $327K 0.02% +23.0 +0.7% $100.67 -0.1%
144 XLI SELECT SECTOR SPDR TR 1,925.0 $311K 0.02% $161.73 +4.1%
145 SCHX SCHWAB STRATEGIC TR 12,031.0 $308K 0.02% -73.0 -0.6% $25.64 +12.5%
146 BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 4,406.0 $306K 0.02% NEW $69.37 +17.0%
147 BERKSHIRE HATHAWAY INC DEL 636.0 $305K 0.02% $479.20
148 SPTS SPDR SERIES TRUST 10,399.0 $303K 0.02% NEW $29.18 -0.7%
149 VAW VANGUARD WORLD FD 1,332.0 $300K 0.02% -82.0 -5.8% $225.34 -1.7%
150 CVS CVS HEALTH CORP Healthcare 4,136.0 $297K 0.02% $71.82 +31.7%
151 FERG FERGUSON ENTERPRISES INC Industrials 1,263.0 $295K 0.02% -99.0 -7.3% $233.26 -7.9%
152 LUV SOUTHWEST AIRLS CO Industrials 7,500.0 $282K 0.02% -290.0 -3.7% $37.57 -0.4%
153 AOR ISHARES TR 4,200.0 $270K 0.02% $64.35 +5.4%
154 XLF SELECT SECTOR SPDR TR 5,250.0 $259K 0.02% $49.37 +4.0%
155 DHI D R HORTON INC Consumer Cyclical 1,817.0 $249K 0.02% +217.0 +13.6% $137.22 -2.2%
156 UNP UNION PAC CORP Industrials 1,018.0 $247K 0.02% NEW $242.63 +12.0%
157 UPS UNITED PARCEL SVCS INC Industrials 2,476.0 $244K 0.02% $98.39 -4.3%
158 IYH ISHARES TR 3,750.0 $231K 0.02% $61.64 -0.9%
159 SPSB SPDR SERIES TRUST 7,660.0 $230K 0.02% -2K -19.3% $30.07 -0.5%
160 JBHT HUNT J B TRANS SVCS INC Industrials 1,023.0 $217K 0.02% NEW $211.90 +21.2%
Page 8 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%