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NCM

Narwhal Capital Management Portfolio holdings

AUM $1.45B Turnover 15.82%
1-Year Est. Return 28.39%
This Fund
S&P 500
This Quarter Est. Return
+11.45%
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
$915M
AUM Growth
+$95.7M
Cap. Flow
+$7.97M
Cap. Flow %
0.87%
Top 10 Hldgs %
40.72%
Holding
175
New
11
Increased
56
Reduced
60
Closed
8
Avg Time Held Equity + Options
5.1 years
Top 10 Avg Time Held Equity + Options
6.2 years
Top 20 Avg Time Held Equity + Options
5.2 years
Avg Time Held Equity only
5.1 years
Top 10 Avg Time Held Equity only
6.2 years
Top 20 Avg Time Held Equity only
5.2 years

Top Buys

Rank Stock Value
1
VAW icon
Vanguard Materials ETF
VAW
+$3.76M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$3.22M
3
GGG icon
Graco
GGG
+$2.86M
4
HD icon
Home Depot
HD
+$2.35M
5
VNQ icon
Vanguard Real Estate ETF
VNQ
+$1.87M

Top Sells

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$3.39M
2
TMUS icon
T-Mobile US
TMUS
+$3.2M
3
GM icon
General Motors
GM
+$3.08M
4
RTX icon
RTX Corp
RTX
+$2.34M
5
RMD icon
ResMed
RMD
+$1.88M

Sector Composition

Rank Sector Weight
1 Technology 21.62%
2 Miscellaneous 20.84%
3 Financials 10.01%
4 Healthcare 9.64%
5 Industrials 8.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
IVV icon
1
iShares Core S&P 500 ETF
IVV
$879B
$69.8M 7.63%
146,175
+7,185
+5% +$3.22M
2013 Q2
42 quarters
MSFT icon
2
Microsoft
MSFT
$3.91T
$58M 6.34%
154,174
+945
+0.6% +$336K
2013 Q2
42 quarters
AAPL icon
3
Apple
AAPL
$5T
$53.2M 5.81%
276,201
+296
+0.1% +$54.7K
2013 Q2
42 quarters
GOOG icon
4
Alphabet (Google) Class C
GOOG
$4.12T
$39.9M 4.36%
283,182
+1,072
+0.4% +$145K
2014 Q2
38 quarters
AMZN icon
5
Amazon
AMZN
$2.69T
$28.4M 3.11%
187,119
+2,880
+2% +$404K
2013 Q2
42 quarters
VMC icon
6
Vulcan Materials
VMC
$33.2B
$27.8M 3.04%
122,607
-8,375
-6% -$1.77M
2013 Q2
42 quarters
NVDA icon
7
NVIDIA
NVDA
$5.19T
$27.5M 3.01%
555,590
-15,910
-3% -$737K
2018 Q1
23 quarters
IAU icon
8
iShares Gold Trust
IAU
$61.8B
$25.7M 2.81%
657,763
-291
-0% -$10.9K
2019 Q4
16 quarters
JPM icon
9
JPMorgan Chase
JPM
$900B
$21.9M 2.39%
128,836
+4,063
+3% +$616K
2013 Q2
42 quarters
UNH icon
10
UnitedHealth
UNH
$361B
$20.3M 2.22%
38,621
-6,352
-14% -$3.39M
2013 Q2
42 quarters
HD icon
11
Home Depot
HD
$308B
$19.5M 2.13%
56,283
+7,573
+16% +$2.35M
2013 Q2
42 quarters
BLK icon
12
Blackrock
BLK
$175B
$16.8M 1.84%
20,726
+1,871
+10% +$1.31M
2013 Q2
42 quarters
JNJ icon
13
Johnson & Johnson
JNJ
$615B
$15.6M 1.7%
99,467
+8,106
+9% +$1.24M
2013 Q2
42 quarters
IVE icon
14
iShares S&P 500 Value ETF
IVE
$49.8B
$15.3M 1.67%
87,830
– –
2016 Q1
31 quarters
GS icon
15
Goldman Sachs
GS
$256B
$15.1M 1.65%
39,019
-997
-2% -$333K
2013 Q2
42 quarters
META icon
16
Meta Platforms (Facebook)
META
$1.8T
$13.5M 1.48%
38,161
+1,730
+5% +$563K
2015 Q2
34 quarters
AXP icon
17
American Express
AXP
$212B
$12.9M 1.41%
69,001
-9,121
-12% -$1.47M
2014 Q4
36 quarters
PG icon
18
Procter & Gamble
PG
$369B
$12.7M 1.38%
86,331
+3,364
+4% +$498K
2013 Q2
42 quarters
CSCO icon
19
Cisco
CSCO
$424B
$12.3M 1.34%
243,020
+14,067
+6% +$719K
2013 Q2
42 quarters
BTT icon
20
BlackRock Municipal 2030 Target Term Trust
BTT
$1.4B
$11.1M 1.21%
533,223
-12,122
-2% -$244K
2014 Q1
39 quarters
LLY icon
21
Eli Lilly
LLY
$1.12T
$11M 1.21%
18,939
-632
-3% -$369K
2021 Q2
10 quarters
ADBE icon
22
Adobe
ADBE
$95.2B
$10.6M 1.15%
17,686
+1,492
+9% +$861K
2018 Q4
20 quarters
LMT icon
23
Lockheed Martin
LMT
$127B
$10.5M 1.14%
23,106
+4,064
+21% +$1.8M
2013 Q2
42 quarters
MRK icon
24
Merck
MRK
$361B
$10M 1.1%
91,938
+13,967
+18% +$1.45M
2013 Q2
42 quarters
NEE icon
25
NextEra Energy
NEE
$167B
$9.39M 1.03%
154,645
-12,724
-8% -$725K
2013 Q2
42 quarters
1
2 3 4 5

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Narwhal Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Narwhal Capital Management held 175 positions worth $915M, up 12% from $819M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Narwhal Capital Management's Q4 2023 filing shows 11 new, 56 increased, 60 reduced and 8 closed positions. Its largest new stake was RH: 5,998 shares worth $1.75M. The largest sale was UnitedHealth, an estimated $3.39M.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Miscellaneous and Financials.

  • Narwhal Capital Management's largest Q4 2023 buy was RH: 5,998 shares worth $1.75M.
  • Narwhal Capital Management added most to Vanguard Materials ETF in Q4 2023, an estimated $3.76M increase.
  • Narwhal Capital Management's biggest Q4 2023 reduction was UnitedHealth, cutting an estimated $3.39M.
  • Narwhal Capital Management fully exited ResMed in Q4 2023, selling an estimated $1.88M.
  • Narwhal Capital Management's ten largest holdings make up 41% of its $915M portfolio in Q4 2023.
  • Narwhal Capital Management opened 11 new positions and closed 8 in Q4 2023.
  • Narwhal Capital Management's portfolio value rose 12% quarter-over-quarter to $915M.

Based on Narwhal Capital Management's 13F filing for Q4 2023, filed 25 Jan 2024.