Filed: 7/23/2025ACC: 0001085146-25-004109
📋 What this filing means
NARWHAL CAPITAL MANAGEMENT filed this quarterly 13F‑HR report disclosing 162 equity positions with a total reported market value of $1.25B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
162
Positions
$1.25B
Total AUM (reported)
8.08M
Total Shares
Allocation by class
COM$820.74M65.9%
CORE S&P500 ETF$121.96M9.8%
CAP STK CL C$51.71M4.2%
CL A$45.77M3.7%
ISHARES NEW$41.89M3.4%
S&P 500 VAL ETF$18.23M1.5%
COM CL A$17.84M1.4%
Portfolio Concentration
Top 3$279.15M22.4%
4–10$302.40M24.3%
11–25$259.63M20.9%
Rest$404.05M32.4%
Top 3 weight
22.4%
Top 10 weight
46.7%
Voting Authority Distribution
Total shares with voting rights: 8.08M
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
8.08M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole162
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings162
Rows:
ISHARES TR
SOLEShares196.43K
TypeSH
Market value$121.96M
9.79%
Sole
0.00
Shared
0.00
None
196.43K
NVIDIA CORPORATION
SOLEShares499.82K
TypeSH
Market value$78.97M
6.34%
Sole
0.00
Shared
0.00
None
499.82K
MICROSOFT CORP
SOLEShares157.25K
TypeSH
Market value$78.22M
6.28%
Sole
0.00
Shared
0.00
None
157.25K
APPLE INC
SOLEShares274.97K
TypeSH
Market value$56.42M
4.53%
Sole
0.00
Shared
0.00
None
274.97K
ALPHABET INC
SOLEShares291.51K
TypeSH
Market value$51.71M
4.15%
Sole
0.00
Shared
0.00
None
291.51K
AMAZON COM INC
SOLEShares213.23K
TypeSH
Market value$46.78M
3.76%
Sole
0.00
Shared
0.00
None
213.23K
ISHARES GOLD TR
SOLEShares671.75K
TypeSH
Market value$41.89M
3.36%
Sole
0.00
Shared
0.00
None
671.75K
META PLATFORMS INC
SOLEShares49.99K
TypeSH
Market value$36.90M
2.96%
Sole
0.00
Shared
0.00
None
49.99K
JPMORGAN CHASE & CO.
SOLEShares126.49K
TypeSH
Market value$36.67M
2.94%
Sole
0.00
Shared
0.00
None
126.49K
VULCAN MATLS CO
SOLEShares122.83K
TypeSH
Market value$32.04M
2.57%
Sole
0.00
Shared
0.00
None
122.83K
HOME DEPOT INC
SOLEShares66.97K
TypeSH
Market value$24.55M
1.97%
Sole
0.00
Shared
0.00
None
66.97K
BLACKROCK INC
SOLEShares23.20K
TypeSH
Market value$24.34M
1.95%
Sole
0.00
Shared
0.00
None
23.20K
GOLDMAN SACHS GROUP INC
SOLEShares30.97K
TypeSH
Market value$21.92M
1.76%
Sole
0.00
Shared
0.00
None
30.97K
ELI LILLY & CO
SOLEShares25.38K
TypeSH
Market value$19.78M
1.59%
Sole
0.00
Shared
0.00
None
25.38K
AMERICAN EXPRESS CO
SOLEShares59.33K
TypeSH
Market value$18.93M
1.52%
Sole
0.00
Shared
0.00
None
59.33K
ISHARES TR
SOLEShares93.28K
TypeSH
Market value$18.23M
1.46%
Sole
0.00
Shared
0.00
None
93.28K
VISA INC
SOLEShares50.25K
TypeSH
Market value$17.84M
1.43%
Sole
0.00
Shared
0.00
None
50.25K
BROADCOM INC
SOLEShares58K
TypeSH
Market value$15.99M
1.28%
Sole
0.00
Shared
0.00
None
58K
PROCTER AND GAMBLE CO
SOLEShares99.98K
TypeSH
Market value$15.93M
1.28%
Sole
0.00
Shared
0.00
None
99.98K
ANALOG DEVICES INC
SOLEShares64.07K
TypeSH
Market value$15.25M
1.22%
Sole
0.00
Shared
0.00
None
64.07K
LOCKHEED MARTIN CORP
SOLEShares31.90K
TypeSH
Market value$14.77M
1.19%
Sole
0.00
Shared
0.00
None
31.90K
PHILIP MORRIS INTL INC
SOLEShares76.78K
TypeSH
Market value$13.98M
1.12%
Sole
0.00
Shared
0.00
None
76.78K
ISHARES TR
SOLEShares31.35K
TypeSH
Market value$13.31M
1.07%
Sole
0.00
Shared
0.00
None
31.35K
NEXTERA ENERGY INC
SOLEShares179.89K
TypeSH
Market value$12.49M
1.00%
Sole
0.00
Shared
0.00
None
179.89K
JOHNSON & JOHNSON
SOLEShares80.62K
TypeSH
Market value$12.31M
0.99%
Sole
0.00
Shared
0.00
None
80.62K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | CORE S&P500 ETF | 196.43K | SH | $121.96M 9.79% | 0.00 | 0.00 | 196.43K |
NVIDIA CORPORATIONSOLE | COM | 499.82K | SH | $78.97M 6.34% | 0.00 | 0.00 | 499.82K |
MICROSOFT CORPSOLE | COM | 157.25K | SH | $78.22M 6.28% | 0.00 | 0.00 | 157.25K |
APPLE INCSOLE | COM | 274.97K | SH | $56.42M 4.53% | 0.00 | 0.00 | 274.97K |
ALPHABET INCSOLE | CAP STK CL C | 291.51K | SH | $51.71M 4.15% | 0.00 | 0.00 | 291.51K |
AMAZON COM INCSOLE | COM | 213.23K | SH | $46.78M 3.76% | 0.00 | 0.00 | 213.23K |
ISHARES GOLD TRSOLE | ISHARES NEW | 671.75K | SH | $41.89M 3.36% | 0.00 | 0.00 | 671.75K |
META PLATFORMS INCSOLE | CL A | 49.99K | SH | $36.90M 2.96% | 0.00 | 0.00 | 49.99K |
JPMORGAN CHASE & CO.SOLE | COM | 126.49K | SH | $36.67M 2.94% | 0.00 | 0.00 | 126.49K |
VULCAN MATLS COSOLE | COM | 122.83K | SH | $32.04M 2.57% | 0.00 | 0.00 | 122.83K |
HOME DEPOT INCSOLE | COM | 66.97K | SH | $24.55M 1.97% | 0.00 | 0.00 | 66.97K |
BLACKROCK INCSOLE | COM | 23.20K | SH | $24.34M 1.95% | 0.00 | 0.00 | 23.20K |
GOLDMAN SACHS GROUP INCSOLE | COM | 30.97K | SH | $21.92M 1.76% | 0.00 | 0.00 | 30.97K |
ELI LILLY & COSOLE | COM | 25.38K | SH | $19.78M 1.59% | 0.00 | 0.00 | 25.38K |
AMERICAN EXPRESS COSOLE | COM | 59.33K | SH | $18.93M 1.52% | 0.00 | 0.00 | 59.33K |
ISHARES TRSOLE | S&P 500 VAL ETF | 93.28K | SH | $18.23M 1.46% | 0.00 | 0.00 | 93.28K |
VISA INCSOLE | COM CL A | 50.25K | SH | $17.84M 1.43% | 0.00 | 0.00 | 50.25K |
BROADCOM INCSOLE | COM | 58K | SH | $15.99M 1.28% | 0.00 | 0.00 | 58K |
PROCTER AND GAMBLE COSOLE | COM | 99.98K | SH | $15.93M 1.28% | 0.00 | 0.00 | 99.98K |
ANALOG DEVICES INCSOLE | COM | 64.07K | SH | $15.25M 1.22% | 0.00 | 0.00 | 64.07K |
LOCKHEED MARTIN CORPSOLE | COM | 31.90K | SH | $14.77M 1.19% | 0.00 | 0.00 | 31.90K |
PHILIP MORRIS INTL INCSOLE | COM | 76.78K | SH | $13.98M 1.12% | 0.00 | 0.00 | 76.78K |
ISHARES TRSOLE | RUS 1000 GRW ETF | 31.35K | SH | $13.31M 1.07% | 0.00 | 0.00 | 31.35K |
NEXTERA ENERGY INCSOLE | COM | 179.89K | SH | $12.49M 1.00% | 0.00 | 0.00 | 179.89K |
JOHNSON & JOHNSONSOLE | COM | 80.62K | SH | $12.31M 0.99% | 0.00 | 0.00 | 80.62K |
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