Latest Narwhal Capital Management Stock Portfolio

Narwhal Capital Management Performance:

2025 Q2: 8.91%YTD: 3.18%2024: 19.68%

Performance for 2025 Q2 is 8.91%, and YTD is 3.18%, and 2024 is 19.68%.

About Narwhal Capital Management and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Narwhal Capital Management reported an equity portfolio of $1.2 Billions as of 30 Jun, 2025.

The top stock holdings of Narwhal Capital Management are IJR, NVDA, MSFT. The fund has invested 9.8% of it's portfolio in ISHARES TR and 6.3% of portfolio in NVIDIA CORPORATION.

The fund managers got completely rid off BHP GROUP LTD, HONEYWELL INTL INC (HON) and TRANSOCEAN LTD (RIG) stocks. They significantly reduced their stock positions in VANGUARD INDEX FDS (VB), AMGEN INC (AMGN) and TARGET CORP (TGT). Narwhal Capital Management opened new stock positions in RELX PLC, NETFLIX INC (NFLX) and KROGER CO (KR). The fund showed a lot of confidence in some stocks as they added substantially to GARMIN LTD (GRMN), BWX TECHNOLOGIES INC (BWXT) and T-MOBILE US INC (TMUS).

Narwhal Capital Management Annual Return Estimates Vs S&P 500

Our best estimate is that Narwhal Capital Management made a return of 8.91% in the last quarter. In trailing 12 months, it's portfolio return was 8.04%.

New Buys

Ticker	$ Bought
relx plc	6,788,150
first tr high yield opprt 20	3,105,890
netflix inc	893,200
kroger co	753,380
zoetis inc	657,329
halliburton co	330,706
ishares bitcoin trust etf	294,481
markel group inc	209,723

New stocks bought by Narwhal Capital Management

Additions

Ticker	% Inc.
garmin ltd	196
bwx technologies inc	126
t-mobile us inc	109
schlumberger ltd	105
nuveen mun value fd inc	105
tesla inc	58.75
analog devices inc	48.28
berkshire hathaway inc del	43.17

Additions to existing portfolio by Narwhal Capital Management

Reductions

Ticker	% Reduced
vanguard index fds	-78.15
amgen inc	-76.86
target corp	-73.46
diageo plc	-69.76
deere & co	-68.9
hf sinclair corp	-67.91
cvs health corp	-59.9
vanguard world fd	-56.00

Narwhal Capital Management reduced stake in above stock

Sold off

Ticker	$ Sold
transocean ltd	-507,200
sony group corp	-380,850
bhp group ltd	-679,560
pacer fds tr	-375,000
general mtrs co	-386,069
vanguard intl equity index f	-325,419
proshares tr	-465,512
proshares tr	-357,630

Narwhal Capital Management got rid off the above stocks

Sector Distribution

Narwhal Capital Management has about 25.3% of it's holdings in Others sector.

Sector	%
Others	25.3
Technology	23
Financial Services	8.9
Industrials	8.1
Consumer Cyclical	8
Communication Services	7.6
Healthcare	5.2
Consumer Defensive	4.3
Basic Materials	3.4
Energy	3.1
Utilities	1.7
Real Estate	1.5

Market Cap. Distribution

Narwhal Capital Management has about 71.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	44.2
LARGE-CAP	27.1
UNALLOCATED	25.7
MID-CAP	2.3

Stocks belong to which Index?

About 71.1% of the stocks held by Narwhal Capital Management either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	69
Others	28.9
RUSSELL 2000	2.1

Top 5 Winners (%)		%
AVGO	broadcom inc	63.1 %
CEG	constellation energy corp	59.8 %
ORCL	oracle corp	53.1 %
NVDA	nvidia corporation	45.2 %
MU	micron technology inc	41.8 %

Top 5 Winners ($)		$
NVDA	nvidia corporation	25.1 M
MSFT	microsoft corp	19.4 M
IJR	ishares tr	11.0 M
META	meta platforms inc	7.8 M
AVGO	broadcom inc	6.5 M

Top 5 Losers (%)		%
UNH	unitedhealth group inc	-40.3 %
NOV	nov inc	-18.3 %
TAP	molson coors beverage co	-18.2 %
OKE	oneok inc new	-17.7 %
CHX	championx corporation	-16.6 %

Top 5 Losers ($)		$
UNH	unitedhealth group inc	-5.2 M
AAPL	apple inc	-4.7 M
MRK	merck & co inc	-1.8 M
JNJ	johnson & johnson	-1.3 M
PG	procter and gamble co	-1.1 M

Narwhal Capital Management Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Narwhal Capital Management

Narwhal Capital Management has 162 stocks in it's portfolio. About 46.7% of the portfolio is in top 10 stocks. UNH proved to be the most loss making stock for the portfolio. NVDA was the most profitable stock for Narwhal Capital Management last quarter.

Last Reported on: 23 Jul, 2025

	Ticker	Namesorted descending	% Portfolio	Shares Held	$ Value	Type	% Change
	IJR	ishares tr	9.79	196,429	121,962,000	added	12.00
Historical Trend of ISHARES TR Position Held By Narwhal Capital Management What % of Portfolio is IJR?: Number of IJR shares held: Change in No. of Shares Held:
	NVDA	nvidia corporation	6.34	499,817	78,966,100	reduced	-2.25

	MSFT	microsoft corp	6.28	157,248	78,216,700	reduced	-2.15

	AAPL	apple inc	4.53	274,968	56,415,100	reduced	-0.85

	GOOG	alphabet inc	4.15	291,507	51,710,500	reduced	-5.33

	AMZN	amazon com inc	3.76	213,231	46,780,700	added	1.17

	IAU	ishares gold tr	3.36	671,755	41,890,600	reduced	-0.97

	META	meta platforms inc	2.96	49,989	36,896,400	added	11.47

	JPM	jpmorgan chase & co.	2.94	126,494	36,671,800	reduced	-3.13

	VMC	vulcan matls co	2.57	122,835	32,037,800	reduced	-0.5

	HD	home depot inc	1.97	66,967	24,552,900	added	12.81

		blackrock inc	1.96	23,201	24,344,100	added	4.66

	GS	goldman sachs group inc	1.76	30,971	21,919,900	reduced	-7.73

	LLY	eli lilly & co	1.59	25,376	19,781,400	added	17.86

	AXP	american express co	1.52	59,334	18,926,400	added	17.59

	IJR	ishares tr	1.46	93,284	18,229,600	unchanged	0.00

	V	visa inc	1.43	50,246	17,839,900	reduced	-4.49

	AVGO	broadcom inc	1.28	57,998	15,987,100	reduced	-5.44

	PG	procter and gamble co	1.28	99,985	15,929,500	reduced	-1.97

	ADI	analog devices inc	1.23	64,070	15,249,900	added	48.28