Filed: 4/23/2025ACC: 0001085146-25-002254
📋 What this filing means
NARWHAL CAPITAL MANAGEMENT filed this quarterly 13F‑HR report disclosing 161 equity positions with a total reported market value of $1.12B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
161
Positions
$1.12B
Total AUM (reported)
8.01M
Total Shares
Allocation by class
COM$750.22M66.9%
CORE S&P500 ETF$98.55M8.8%
CAP STK CL C$48.10M4.3%
ISHARES NEW$39.99M3.6%
CL A$35.75M3.2%
COM CL A$18.44M1.6%
S&P 500 VAL ETF$17.78M1.6%
Portfolio Concentration
Top 3$220.48M19.6%
4–10$270.30M24.1%
11–25$243.18M21.7%
Rest$388.27M34.6%
Top 3 weight
19.6%
Top 10 weight
43.7%
Voting Authority Distribution
Total shares with voting rights: 8.01M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
8.01M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole161
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings161
Rows:
ISHARES TR
SOLEShares175.38K
TypeSH
Market value$98.55M
8.78%
Sole
0.00
Shared
0.00
None
175.38K
APPLE INC
SOLEShares277.33K
TypeSH
Market value$61.60M
5.49%
Sole
0.00
Shared
0.00
None
277.33K
MICROSOFT CORP
SOLEShares160.71K
TypeSH
Market value$60.33M
5.38%
Sole
0.00
Shared
0.00
None
160.71K
NVIDIA CORPORATION
SOLEShares511.34K
TypeSH
Market value$55.42M
4.94%
Sole
0.00
Shared
0.00
None
511.34K
ALPHABET INC
SOLEShares307.91K
TypeSH
Market value$48.10M
4.29%
Sole
0.00
Shared
0.00
None
307.91K
AMAZON COM INC
SOLEShares210.77K
TypeSH
Market value$40.10M
3.57%
Sole
0.00
Shared
0.00
None
210.77K
ISHARES GOLD TR
SOLEShares678.32K
TypeSH
Market value$39.99M
3.56%
Sole
0.00
Shared
0.00
None
678.32K
JPMORGAN CHASE & CO.
SOLEShares130.59K
TypeSH
Market value$32.03M
2.85%
Sole
0.00
Shared
0.00
None
130.59K
VULCAN MATLS CO
SOLEShares123.45K
TypeSH
Market value$28.80M
2.57%
Sole
0.00
Shared
0.00
None
123.45K
META PLATFORMS INC
SOLEShares44.84K
TypeSH
Market value$25.85M
2.30%
Sole
0.00
Shared
0.00
None
44.84K
HOME DEPOT INC
SOLEShares59.36K
TypeSH
Market value$21.76M
1.94%
Sole
0.00
Shared
0.00
None
59.36K
BLACKROCK INC
SOLEShares22.17K
TypeSH
Market value$20.98M
1.87%
Sole
0.00
Shared
0.00
None
22.17K
VISA INC
SOLEShares52.61K
TypeSH
Market value$18.44M
1.64%
Sole
0.00
Shared
0.00
None
52.61K
GOLDMAN SACHS GROUP INC
SOLEShares33.56K
TypeSH
Market value$18.34M
1.63%
Sole
0.00
Shared
0.00
None
33.56K
ELI LILLY & CO
SOLEShares21.53K
TypeSH
Market value$17.78M
1.58%
Sole
0.00
Shared
0.00
None
21.53K
ISHARES TR
SOLEShares93.28K
TypeSH
Market value$17.78M
1.58%
Sole
0.00
Shared
0.00
None
93.28K
PROCTER AND GAMBLE CO
SOLEShares102K
TypeSH
Market value$17.38M
1.55%
Sole
0.00
Shared
0.00
None
102K
JOHNSON & JOHNSON
SOLEShares102.92K
TypeSH
Market value$17.07M
1.52%
Sole
0.00
Shared
0.00
None
102.92K
MERCK & CO INC
SOLEShares172.28K
TypeSH
Market value$15.46M
1.38%
Sole
0.00
Shared
0.00
None
172.28K
LOCKHEED MARTIN CORP
SOLEShares31.53K
TypeSH
Market value$14.08M
1.25%
Sole
0.00
Shared
0.00
None
31.53K
PHILIP MORRIS INTL INC
SOLEShares85.61K
TypeSH
Market value$13.59M
1.21%
Sole
0.00
Shared
0.00
None
85.61K
AMERICAN EXPRESS CO
SOLEShares50.46K
TypeSH
Market value$13.58M
1.21%
Sole
0.00
Shared
0.00
None
50.46K
UNITEDHEALTH GROUP INC
SOLEShares24.49K
TypeSH
Market value$12.83M
1.14%
Sole
0.00
Shared
0.00
None
24.49K
GENERAL DYNAMICS CORP
SOLEShares45.63K
TypeSH
Market value$12.44M
1.11%
Sole
0.00
Shared
0.00
None
45.63K
L3HARRIS TECHNOLOGIES INC
SOLEShares55.77K
TypeSH
Market value$11.67M
1.04%
Sole
0.00
Shared
0.00
None
55.77K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | CORE S&P500 ETF | 175.38K | SH | $98.55M 8.78% | 0.00 | 0.00 | 175.38K |
APPLE INCSOLE | COM | 277.33K | SH | $61.60M 5.49% | 0.00 | 0.00 | 277.33K |
MICROSOFT CORPSOLE | COM | 160.71K | SH | $60.33M 5.38% | 0.00 | 0.00 | 160.71K |
NVIDIA CORPORATIONSOLE | COM | 511.34K | SH | $55.42M 4.94% | 0.00 | 0.00 | 511.34K |
ALPHABET INCSOLE | CAP STK CL C | 307.91K | SH | $48.10M 4.29% | 0.00 | 0.00 | 307.91K |
AMAZON COM INCSOLE | COM | 210.77K | SH | $40.10M 3.57% | 0.00 | 0.00 | 210.77K |
ISHARES GOLD TRSOLE | ISHARES NEW | 678.32K | SH | $39.99M 3.56% | 0.00 | 0.00 | 678.32K |
JPMORGAN CHASE & CO.SOLE | COM | 130.59K | SH | $32.03M 2.85% | 0.00 | 0.00 | 130.59K |
VULCAN MATLS COSOLE | COM | 123.45K | SH | $28.80M 2.57% | 0.00 | 0.00 | 123.45K |
META PLATFORMS INCSOLE | CL A | 44.84K | SH | $25.85M 2.30% | 0.00 | 0.00 | 44.84K |
HOME DEPOT INCSOLE | COM | 59.36K | SH | $21.76M 1.94% | 0.00 | 0.00 | 59.36K |
BLACKROCK INCSOLE | COM | 22.17K | SH | $20.98M 1.87% | 0.00 | 0.00 | 22.17K |
VISA INCSOLE | COM CL A | 52.61K | SH | $18.44M 1.64% | 0.00 | 0.00 | 52.61K |
GOLDMAN SACHS GROUP INCSOLE | COM | 33.56K | SH | $18.34M 1.63% | 0.00 | 0.00 | 33.56K |
ELI LILLY & COSOLE | COM | 21.53K | SH | $17.78M 1.58% | 0.00 | 0.00 | 21.53K |
ISHARES TRSOLE | S&P 500 VAL ETF | 93.28K | SH | $17.78M 1.58% | 0.00 | 0.00 | 93.28K |
PROCTER AND GAMBLE COSOLE | COM | 102K | SH | $17.38M 1.55% | 0.00 | 0.00 | 102K |
JOHNSON & JOHNSONSOLE | COM | 102.92K | SH | $17.07M 1.52% | 0.00 | 0.00 | 102.92K |
MERCK & CO INCSOLE | COM | 172.28K | SH | $15.46M 1.38% | 0.00 | 0.00 | 172.28K |
LOCKHEED MARTIN CORPSOLE | COM | 31.53K | SH | $14.08M 1.25% | 0.00 | 0.00 | 31.53K |
PHILIP MORRIS INTL INCSOLE | COM | 85.61K | SH | $13.59M 1.21% | 0.00 | 0.00 | 85.61K |
AMERICAN EXPRESS COSOLE | COM | 50.46K | SH | $13.58M 1.21% | 0.00 | 0.00 | 50.46K |
UNITEDHEALTH GROUP INCSOLE | COM | 24.49K | SH | $12.83M 1.14% | 0.00 | 0.00 | 24.49K |
GENERAL DYNAMICS CORPSOLE | COM | 45.63K | SH | $12.44M 1.11% | 0.00 | 0.00 | 45.63K |
L3HARRIS TECHNOLOGIES INCSOLE | COM | 55.77K | SH | $11.67M 1.04% | 0.00 | 0.00 | 55.77K |
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