Filed: 10/24/2025ACC: 0001461287-25-000005
📋 What this filing means
NARWHAL CAPITAL MANAGEMENT filed this quarterly 13F‑HR report disclosing 163 equity positions with a total reported market value of $1.35B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
163
Positions
$1.35B
Total AUM (reported)
7.75M
Total Shares
Allocation by class
COM$880.90M65.2%
CORE S&P500 ETF$136.48M10.1%
CAP STK CL C$69.19M5.1%
ISHARES NEW$48.90M3.6%
CL A$46.37M3.4%
COM CL A$20.67M1.5%
S&P 500 VAL ETF$19.16M1.4%
Portfolio Concentration
Top 3$312.16M23.1%
4–10$353.02M26.1%
11–25$269.96M20.0%
Rest$414.93M30.7%
Top 3 weight
23.1%
Top 10 weight
49.3%
Voting Authority Distribution
Total shares with voting rights: 7.75M
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
7.75M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole163
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings163
Rows:
ISHARES TR
SOLEShares203.92K
TypeSH
Market value$136.48M
10.11%
Sole
0.00
Shared
0.00
None
203.92K
NVIDIA CORPORATION
SOLEShares509.24K
TypeSH
Market value$94.84M
7.02%
Sole
0.00
Shared
0.00
None
509.24K
MICROSOFT CORP
SOLEShares156.07K
TypeSH
Market value$80.84M
5.99%
Sole
0.00
Shared
0.00
None
156.07K
APPLE INC
SOLEShares272.57K
TypeSH
Market value$69.40M
5.14%
Sole
0.00
Shared
0.00
None
272.57K
ALPHABET INC
SOLEShares284.09K
TypeSH
Market value$69.19M
5.12%
Sole
0.00
Shared
0.00
None
284.09K
ISHARES GOLD TR
SOLEShares672.04K
TypeSH
Market value$48.90M
3.62%
Sole
0.00
Shared
0.00
None
672.04K
AMAZON COM INC
SOLEShares211.75K
TypeSH
Market value$46.49M
3.44%
Sole
0.00
Shared
0.00
None
211.75K
VULCAN MATLS CO
SOLEShares133.39K
TypeSH
Market value$41.03M
3.04%
Sole
0.00
Shared
0.00
None
133.39K
JPMORGAN CHASE & CO.
SOLEShares128.18K
TypeSH
Market value$40.43M
2.99%
Sole
0.00
Shared
0.00
None
128.18K
META PLATFORMS INC
SOLEShares51.14K
TypeSH
Market value$37.56M
2.78%
Sole
0.00
Shared
0.00
None
51.14K
HOME DEPOT INC
SOLEShares60.89K
TypeSH
Market value$24.67M
1.83%
Sole
0.00
Shared
0.00
None
60.89K
BLACKROCK INC
SOLEShares20.82K
TypeSH
Market value$24.28M
1.80%
Sole
0.00
Shared
0.00
None
20.82K
GOLDMAN SACHS GROUP INC
SOLEShares26.60K
TypeSH
Market value$21.18M
1.57%
Sole
0.00
Shared
0.00
None
26.60K
VISA INC
SOLEShares59.90K
TypeSH
Market value$20.45M
1.51%
Sole
0.00
Shared
0.00
None
59.90K
AMERICAN EXPRESS CO
SOLEShares59.26K
TypeSH
Market value$19.68M
1.46%
Sole
0.00
Shared
0.00
None
59.26K
ISHARES TR
SOLEShares92.78K
TypeSH
Market value$19.16M
1.42%
Sole
0.00
Shared
0.00
None
92.78K
LOCKHEED MARTIN CORP
SOLEShares36.47K
TypeSH
Market value$18.20M
1.35%
Sole
0.00
Shared
0.00
None
36.47K
JOHNSON & JOHNSON
SOLEShares96.37K
TypeSH
Market value$17.87M
1.32%
Sole
0.00
Shared
0.00
None
96.37K
ELI LILLY & CO
SOLEShares23.22K
TypeSH
Market value$17.72M
1.31%
Sole
0.00
Shared
0.00
None
23.22K
L3HARRIS TECHNOLOGIES INC
SOLEShares50.13K
TypeSH
Market value$15.31M
1.13%
Sole
0.00
Shared
0.00
None
50.13K
BROADCOM INC
SOLEShares45.96K
TypeSH
Market value$15.16M
1.12%
Sole
0.00
Shared
0.00
None
45.96K
ANALOG DEVICES INC
SOLEShares60.26K
TypeSH
Market value$14.80M
1.10%
Sole
0.00
Shared
0.00
None
60.26K
ISHARES TR
SOLEShares31.33K
TypeSH
Market value$14.67M
1.09%
Sole
0.00
Shared
0.00
None
31.33K
RTX CORPORATION
SOLEShares80.69K
TypeSH
Market value$13.50M
1.00%
Sole
0.00
Shared
0.00
None
80.69K
NEXTERA ENERGY INC
SOLEShares176.11K
TypeSH
Market value$13.29M
0.98%
Sole
0.00
Shared
0.00
None
176.11K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | CORE S&P500 ETF | 203.92K | SH | $136.48M 10.11% | 0.00 | 0.00 | 203.92K |
NVIDIA CORPORATIONSOLE | COM | 509.24K | SH | $94.84M 7.02% | 0.00 | 0.00 | 509.24K |
MICROSOFT CORPSOLE | COM | 156.07K | SH | $80.84M 5.99% | 0.00 | 0.00 | 156.07K |
APPLE INCSOLE | COM | 272.57K | SH | $69.40M 5.14% | 0.00 | 0.00 | 272.57K |
ALPHABET INCSOLE | CAP STK CL C | 284.09K | SH | $69.19M 5.12% | 0.00 | 0.00 | 284.09K |
ISHARES GOLD TRSOLE | ISHARES NEW | 672.04K | SH | $48.90M 3.62% | 0.00 | 0.00 | 672.04K |
AMAZON COM INCSOLE | COM | 211.75K | SH | $46.49M 3.44% | 0.00 | 0.00 | 211.75K |
VULCAN MATLS COSOLE | COM | 133.39K | SH | $41.03M 3.04% | 0.00 | 0.00 | 133.39K |
JPMORGAN CHASE & CO.SOLE | COM | 128.18K | SH | $40.43M 2.99% | 0.00 | 0.00 | 128.18K |
META PLATFORMS INCSOLE | CL A | 51.14K | SH | $37.56M 2.78% | 0.00 | 0.00 | 51.14K |
HOME DEPOT INCSOLE | COM | 60.89K | SH | $24.67M 1.83% | 0.00 | 0.00 | 60.89K |
BLACKROCK INCSOLE | COM | 20.82K | SH | $24.28M 1.80% | 0.00 | 0.00 | 20.82K |
GOLDMAN SACHS GROUP INCSOLE | COM | 26.60K | SH | $21.18M 1.57% | 0.00 | 0.00 | 26.60K |
VISA INCSOLE | COM CL A | 59.90K | SH | $20.45M 1.51% | 0.00 | 0.00 | 59.90K |
AMERICAN EXPRESS COSOLE | COM | 59.26K | SH | $19.68M 1.46% | 0.00 | 0.00 | 59.26K |
ISHARES TRSOLE | S&P 500 VAL ETF | 92.78K | SH | $19.16M 1.42% | 0.00 | 0.00 | 92.78K |
LOCKHEED MARTIN CORPSOLE | COM | 36.47K | SH | $18.20M 1.35% | 0.00 | 0.00 | 36.47K |
JOHNSON & JOHNSONSOLE | COM | 96.37K | SH | $17.87M 1.32% | 0.00 | 0.00 | 96.37K |
ELI LILLY & COSOLE | COM | 23.22K | SH | $17.72M 1.31% | 0.00 | 0.00 | 23.22K |
L3HARRIS TECHNOLOGIES INCSOLE | COM | 50.13K | SH | $15.31M 1.13% | 0.00 | 0.00 | 50.13K |
BROADCOM INCSOLE | COM | 45.96K | SH | $15.16M 1.12% | 0.00 | 0.00 | 45.96K |
ANALOG DEVICES INCSOLE | COM | 60.26K | SH | $14.80M 1.10% | 0.00 | 0.00 | 60.26K |
ISHARES TRSOLE | RUS 1000 GRW ETF | 31.33K | SH | $14.67M 1.09% | 0.00 | 0.00 | 31.33K |
RTX CORPORATIONSOLE | COM | 80.69K | SH | $13.50M 1.00% | 0.00 | 0.00 | 80.69K |
NEXTERA ENERGY INCSOLE | COM | 176.11K | SH | $13.29M 0.98% | 0.00 | 0.00 | 176.11K |
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