We are live on ! Find out more
NCM

Narwhal Capital Management Portfolio holdings

AUM $1.45B
1-Year Est. Return 28.39%
This Fund
S&P 500
This Quarter Est. Return
+12.43%
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
$1.25B
AUM Growth
+$123M
Cap. Flow
+$11M
Cap. Flow %
0.88%
Top 10 Hldgs %
46.7%
Holding
172
New
11
Increased
47
Reduced
70
Closed
10

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$12.1M
2
RELX icon
RELX
RELX
+$6.61M
3
ADI icon
Analog Devices
ADI
+$4.34M
4
GRMN
Garmin
GRMN
+$4.12M
5
META icon
Meta Platforms (Facebook)
META
+$3.18M

Top Sells

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$3.97M
2
JNJ icon
Johnson & Johnson
JNJ
+$3.43M
3
LHX icon
L3Harris
LHX
+$2.85M
4
CSCO icon
Cisco
CSCO
+$2.73M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$2.71M

Sector Composition

Rank Sector Weight
1 Technology 22.98%
2 Financials 11.16%
3 Industrials 8.63%
4 Consumer Discretionary 7.97%
5 Communication Services 7.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GD icon
26
General Dynamics
GD
$106B
$12.1M 0.97%
41,392
-4,236
-9% -$1.17M
CP icon
27
Canadian Pacific Kansas City
CP
$80.5B
$11.8M 0.95%
149,218
+4,932
+3% +$379K
MRK icon
28
Merck
MRK
$318B
$11.6M 0.93%
146,211
-26,064
-15% -$2.07M
AVB icon
29
AvalonBay Communities
AVB
$26.8B
$11M 0.88%
53,912
+14,397
+36% +$2.94M
LHX icon
30
L3Harris
LHX
$53.4B
$10.9M 0.87%
43,369
-12,404
-22% -$2.85M
BX icon
31
Blackstone
BX
$110B
$10.5M 0.84%
69,983
+5,369
+8% +$738K
CAT icon
32
Caterpillar
CAT
$387B
$10.2M 0.82%
26,202
+1,600
+7% +$533K
XOM icon
33
ExxonMobil
XOM
$634B
$9.89M 0.79%
91,759
+497
+0.5% +$53.1K
CSCO icon
34
Cisco
CSCO
$479B
$9.57M 0.77%
137,919
-44,349
-24% -$2.73M
BTT icon
35
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
$9.27M 0.74%
423,363
+52
+0% +$1.11K
RTX icon
36
RTX Corp
RTX
$301B
$8.99M 0.72%
61,575
-1,577
-2% -$210K
ABT icon
37
Abbott
ABT
$187B
$8.92M 0.72%
65,569
+5,514
+9% +$727K
QCOM icon
38
Qualcomm
QCOM
$176B
$8.51M 0.68%
53,435
-8,147
-13% -$1.2M
VLO icon
39
Valero Energy
VLO
$85.9B
$8.3M 0.67%
61,730
+10,903
+21% +$1.36M
NOC icon
40
Northrop Grumman
NOC
$81.2B
$8.27M 0.66%
16,547
-94
-0.6% -$46.2K
MLI icon
41
Mueller Industries
MLI
$15.2B
$7.38M 0.59%
185,724
+9,378
+5% +$354K
GGG icon
42
Graco
GGG
$13.5B
$7.08M 0.57%
82,381
-7,630
-8% -$632K
COST icon
43
Costco
COST
$420B
$7.06M 0.57%
7,131
-446
-6% -$443K
QQQ icon
44
Invesco QQQ Trust
QQQ
$484B
$6.87M 0.55%
12,446
+224
+2% +$111K
MLR icon
45
Miller Industries
MLR
$619M
$6.82M 0.55%
153,479
+31,980
+26% +$1.39M
RELX icon
46
RELX
RELX
$62B
$6.79M 0.55%
+124,920
New +$6.61M
GRMN
47
Garmin
GRMN
$60B
$6.53M 0.52%
31,297
+20,751
+197% +$4.12M
CSGP icon
48
CoStar Group
CSGP
$12.3B
$6.47M 0.52%
80,421
-6,131
-7% -$478K
BWXT icon
49
BWX Technologies
BWXT
$15.6B
$6.19M 0.5%
42,936
+23,945
+126% +$2.8M
IVW icon
50
iShares S&P 500 Growth ETF
IVW
$77.6B
$6.17M 0.5%
56,000
-289
-0.5% -$28.6K
1
2
3 4 5

Similar funds

SIA
Strategic Investment Advisors Farmington Hills, Michigan $1.45B AUM 17.59% 1-Year Est. Return
VIP
Vantage Investment Partners Kansas City, Missouri $1.45B AUM 18.96% 1-Year Est. Return
SIM
SSI Investment Management Los Angeles, California $1.45B AUM 5.8% 1-Year Est. Return
CHAM
Clear Harbor Asset Management Stamford, Connecticut $1.45B AUM 23.7% 1-Year Est. Return
HTI
Hikari Tsushin Inc Tokyo, Japan $1.45B AUM 3.37% 1-Year Est. Return
SWP
Strategic Wealth Partners Independence, Ohio $1.44B AUM 21.2% 1-Year Est. Return
L7C
Liberty 77 Capital Washington, District of Columbia $1.46B AUM 33.32% 1-Year Est. Return
WBC
Westpac Banking Corp Sydney, Australia $1.44B AUM 28.5% 1-Year Est. Return

Narwhal Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Narwhal Capital Management held 172 positions worth $1.25B, up 11% from $1.12B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Narwhal Capital Management's Q2 2025 filing shows 11 new, 47 increased, 70 reduced and 10 closed positions. Its largest new stake was RELX: 124,920 shares worth $6.79M. The largest sale was UnitedHealth, an estimated $3.97M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 21% a quarter earlier, followed by Financials and Industrials.

  • Narwhal Capital Management's largest Q2 2025 buy was RELX: 124,920 shares worth $6.79M.
  • Narwhal Capital Management added most to iShares Core S&P 500 ETF in Q2 2025, an estimated $12.1M increase.
  • Narwhal Capital Management's biggest Q2 2025 reduction was UnitedHealth, cutting an estimated $3.97M.
  • Narwhal Capital Management fully exited BHP in Q2 2025, selling an estimated $680K.
  • Narwhal Capital Management's ten largest holdings make up 47% of its $1.25B portfolio in Q2 2025.
  • Narwhal Capital Management opened 11 new positions and closed 10 in Q2 2025.
  • Narwhal Capital Management's portfolio value rose 11% quarter-over-quarter to $1.25B.

Based on Narwhal Capital Management's 13F filing for Q2 2025, filed 23 Jul 2025.