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NCM

Narwhal Capital Management Portfolio holdings

AUM $1.45B
1-Year Est. Return 28.39%
This Fund
S&P 500
This Quarter Est. Return
+12.91%
1 Year Est. Return
+28.39%
3 Year Est. Return
+93.85%
5 Year Est. Return
+119.75%
10 Year Est. Return
+391.36%
AUM
$1.45B
AUM Growth
+$92.7M
Cap. Flow
-$29.6M
Cap. Flow %
-2.05%
Top 10 Hldgs %
49.19%
Holding
177
New
8
Increased
42
Reduced
66
Closed
20

Top Buys

Rank Stock Value
1
NOW icon
ServiceNow
NOW
+$7.03M
2
AMRZ
Amrize Ltd
AMRZ
+$3.55M
3
QCOM icon
Qualcomm
QCOM
+$2.64M
4
DGX icon
Quest Diagnostics
DGX
+$2.62M
5
AVGO icon
Broadcom
AVGO
+$2.37M

Top Sells

Rank Stock Value
1
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$8.11M
2
ABT icon
Abbott
ABT
+$4.04M
3
DPZ icon
Domino's
DPZ
+$3.83M
4
LMT icon
Lockheed Martin
LMT
+$3.78M
5
MTBA icon
Simplify MBS ETF
MTBA
+$3.07M

Sector Composition

Rank Sector Weight
1 Technology 25.26%
2 Financials 10.37%
3 Communication Services 9.25%
4 Industrials 9.22%
5 Consumer Discretionary 6.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GD icon
26
General Dynamics
GD
$105B
$13.6M 0.94%
38,504
+642
+2% +$220K
NEE icon
27
NextEra Energy
NEE
$187B
$13.6M 0.94%
155,183
-17,356
-10% -$1.57M
LMT icon
28
Lockheed Martin
LMT
$134B
$12.8M 0.88%
25,135
-6,990
-22% -$3.78M
MRK icon
29
Merck
MRK
$324B
$12.8M 0.88%
99,503
-11,872
-11% -$1.39M
MU icon
30
Micron Technology
MU
$1.04T
$12.7M 0.88%
10,985
-38
-0.3% -$28.5K
PG icon
31
Procter & Gamble
PG
$343B
$12.6M 0.87%
86,077
-3,380
-4% -$492K
LHX icon
32
L3Harris
LHX
$55.9B
$11.7M 0.81%
40,344
-6,357
-14% -$2.02M
CP icon
33
Canadian Pacific Kansas City
CP
$82B
$11M 0.76%
126,466
+13,491
+12% +$1.16M
PM icon
34
Philip Morris
PM
$301B
$10.4M 0.72%
57,529
-6,367
-10% -$1.1M
NOW icon
35
ServiceNow
NOW
$102B
$10.3M 0.71%
103,711
+70,980
+217% +$7.03M
VLO icon
36
Valero Energy
VLO
$89.8B
$9.99M 0.69%
38,358
-704
-2% -$173K
QQQ icon
37
Invesco QQQ Trust
QQQ
$455B
$9.47M 0.65%
12,866
-11
-0.1% -$7.57K
CINF icon
38
Cincinnati Financial
CINF
$28.3B
$9.21M 0.64%
49,750
-1,015
-2% -$168K
QCOM icon
39
Qualcomm
QCOM
$176B
$8.92M 0.62%
48,292
+14,094
+41% +$2.64M
ENTG icon
40
Entegris
ENTG
$19.7B
$8.65M 0.6%
48,096
+1,257
+3% +$181K
NOC icon
41
Northrop Grumman
NOC
$77B
$8.39M 0.58%
16,474
-162
-1% -$93.4K
NVS icon
42
Novartis
NVS
$295B
$8.26M 0.57%
52,702
+34
+0.1% +$5.1K
AVB icon
43
AvalonBay Communities
AVB
$27.1B
$8.22M 0.57%
43,562
-8,432
-16% -$1.52M
XLK icon
44
State Street Technology Select Sector SPDR ETF
XLK
$115B
$8M 0.55%
42,000
– –
IVW icon
45
iShares S&P 500 Growth ETF
IVW
$72.5B
$7.7M 0.53%
56,000
– –
ICE icon
46
Intercontinental Exchange
ICE
$82.4B
$7.62M 0.53%
61,878
+9,700
+19% +$1.46M
BX icon
47
Blackstone
BX
$104B
$7.52M 0.52%
63,897
-8,636
-12% -$1.04M
SUNB
48
Sunbelt Rentals Holdings
SUNB
$31B
$7.02M 0.48%
93,850
-5,521
-6% -$414K
GGG icon
49
Graco
GGG
$12.9B
$6.85M 0.47%
90,559
+23,155
+34% +$1.83M
COST icon
50
Costco
COST
$415B
$6.62M 0.46%
7,079
+339
+5% +$338K
1
2
3 4 5

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CHAM
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CIM
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Narwhal Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Narwhal Capital Management held 177 positions worth $1.45B, up 6.8% from $1.36B the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Narwhal Capital Management's Q2 2026 filing shows 8 new, 42 increased, 66 reduced and 20 closed positions. Its largest new stake was Amrize Ltd: 65,645 shares worth $3.5M. The largest sale was BlackRock Municipal 2030 Target Term Trust, an estimated $8.11M.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 22% a quarter earlier, followed by Financials and Communication Services.

  • Narwhal Capital Management's largest Q2 2026 buy was Amrize Ltd: 65,645 shares worth $3.5M.
  • Narwhal Capital Management added most to ServiceNow in Q2 2026, an estimated $7.03M increase.
  • Narwhal Capital Management's biggest Q2 2026 reduction was Abbott, cutting an estimated $4.04M.
  • Narwhal Capital Management fully exited BlackRock Municipal 2030 Target Term Trust in Q2 2026, selling an estimated $8.11M.
  • Narwhal Capital Management's ten largest holdings make up 49% of its $1.45B portfolio in Q2 2026.
  • Narwhal Capital Management opened 8 new positions and closed 20 in Q2 2026.
  • Narwhal Capital Management's portfolio value rose 6.8% quarter-over-quarter to $1.45B.

Based on Narwhal Capital Management's 13F filing for Q2 2026, filed 24 Jul 2026.