Latest Narwhal Capital Management Stock Portfolio

Narwhal Capital Management Performance:

2026 Q1: -2.96%YTD: -2.96%2025: 17.4%

Performance for 2026 Q1 is -2.96%, and YTD is -2.96%, and 2025 is 17.4%.

About Narwhal Capital Management and 13F Hedge Fund Stock Holdings

On 2026-04-24, the fund reported it's updated stock portfolio. In the 13F Holdings report, Narwhal Capital Management reported an equity portfolio of $1.4 Billions as of 31 Mar, 2026.

The top stock holdings of Narwhal Capital Management are IJR, NVDA, GOOG. The fund has invested 10.2% of it's portfolio in ISHARES TR and 6.4% of portfolio in NVIDIA CORPORATION.

The fund managers got completely rid off COSTAR GROUP INC (CSGP), AUTODESK INC (ADSK) and PERIMETER SOLUTIONS INC stocks. They significantly reduced their stock positions in T-MOBILE US INC (TMUS), ISHARES TR (IJR) and KROGER CO (KR). Narwhal Capital Management opened new stock positions in SUNBELT RENTALS HOLDINGS INC, VANGUARD SCOTTSDALE FDS (BNDW) and REGIONS FINANCIAL CORP NEW (RF). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC. (NFLX), CONSTELLATION BRANDS INC (STZ) and INTERCONTINENTAL EXCHANGE IN (ICE).

Narwhal Capital Management Annual Return Estimates Vs S&P 500

Our best estimate is that Narwhal Capital Management made a return of -2.96% in the last quarter. In trailing 12 months, it's portfolio return was 19.27%.

Performance
S&P 500

New Buys

Ticker	$ Bought
sunbelt rentals holdings inc	6,468,060
vanguard scottsdale fds	455,826
regions financial corp new	370,147
coca cola co	338,042
anheuser busch inbev sa nv	305,644
spdr series trust	303,443
union pac corp	246,996
hunt j b trans svcs inc	216,774

New stocks bought by Narwhal Capital Management

Additions

Ticker	% Inc.
netflix inc.	437
constellation brands inc	239
intercontinental exchange in	205
nexpoint residential tr inc	105
servicenow inc	92.8
disney walt co	59.88
first tr exchange-traded fd	37.98
copart inc	34.83

Additions to existing portfolio by Narwhal Capital Management

Reductions

Ticker	% Reduced
t-mobile us inc	-79.53
ishares tr	-70.85
kroger co	-60.36
intel corp	-41.22
ishares tr	-37.35
nuveen mun value fd inc	-30.95
vertiv holdings co	-27.46
blackrock 2037 municipal tar	-21.28

Narwhal Capital Management reduced stake in above stock

Sold off

Ticker	$ Sold
costar group inc	-765,393
nov inc	-159,692
perimeter solutions inc	-275,685
autodesk inc	-278,545

Narwhal Capital Management got rid off the above stocks

Sector Distribution

Narwhal Capital Management has about 26.7% of it's holdings in Others sector.

Sector	%
Others	26.7
Technology	22.1
Industrials	9.1
Financial Services	8.7
Communication Services	8.7
Consumer Cyclical	6.3
Healthcare	5.4
Energy	3.9
Consumer Defensive	3.5
Basic Materials	3
Utilities	1.8

Market Cap. Distribution

Narwhal Capital Management has about 72.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	51.3
UNALLOCATED	26.7
LARGE-CAP	21.3

Stocks belong to which Index?

About 70.9% of the stocks held by Narwhal Capital Management either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	69.7
Others	29.1
RUSSELL 2000	1.2

Top 5 Winners (%)		%
VLO	valero energy corp	51.6 %
VRT	vertiv holdings co	47.2 %
LNG	cheniere energy inc	43.1 %
XOM	exxon mobil corp	40.8 %
HAL	halliburton co	38.0 %

Top 5 Winners ($)		$
XOM	exxon mobil corp	5.9 M
IAU	ishares gold tr	4.7 M
LMT	lockheed martin corp	3.9 M
JNJ	johnson & johnson	3.6 M
VLO	valero energy corp	3.3 M

Top 5 Losers (%)		%
ADBE	adobe inc	-27.9 %
NOW	servicenow inc	-26.1 %
BX	blackstone inc	-25.3 %
QCOM	qualcomm inc	-24.4 %
MSFT	microsoft corp	-23.3 %

Top 5 Losers ($)		$
MSFT	microsoft corp	-18.5 M
GOOG	alphabet inc	-7.7 M
IJR	ishares tr	-6.7 M
NVDA	nvidia corporation	-6.0 M
AAPL	apple inc	-5.0 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 168 stocks in it's portfolio. About 47.7% of the portfolio is in top 10 stocks. MSFT proved to be the most loss making stock for the portfolio. XOM was the most profitable stock for Narwhal Capital Management last quarter.

Last Reported on: 24 Apr, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	5.24	279,552	70,947,600	added	1.24

AAXJ	ishares tr	0.04	2,260	494,375	unchanged	0.00

ABT	abbott laboratories	0.54	71,812	7,372,940	reduced	-6.72

ADBE	adobe inc	0.30	16,817	4,087,880	added	30.97

ADI	analog devices inc	1.49	63,560	20,221,000	reduced	-3.37

ADSK	autodesk inc	0.00	0.00	0.00	sold off	-100

AGGH	simplify exchange traded fun	0.23	62,064	3,069,680	reduced	-13.88

AMGN	amgen inc	0.03	1,017	357,831	reduced	-8.71

AMZN	amazon com inc	3.39	220,747	45,974,900	added	1.91

ANTX	elevance health inc formerly	0.03	1,478	432,685	unchanged	0.00

AOA	ishares tr	0.02	4,200	270,270	unchanged	0.00

AVB	avalonbay cmntys inc	0.63	51,994	8,493,220	added	0.52

AVGO	broadcom inc	0.80	35,222	10,901,600	reduced	-3.95

AXP	american express co	1.22	54,457	16,472,200	reduced	-3.08

BA	boeing co	0.05	3,457	688,047	added	22.42

BATRA	atlanta braves hldgs inc	0.06	17,404	743,151	unchanged	0.00

BIL	spdr series trust	0.23	20,989	3,063,140	unchanged	0.00

BIL	spdr series trust	0.02	10,399	303,443	new

BIL	spdr series trust	0.02	7,660	230,339	reduced	-19.33

BNDW	vanguard scottsdale fds	0.03	1,568	462,748	unchanged	0.00