Narwhal Capital Management

Q2 2014 13F-HR Holdings

Location
Marietta, GA
Holdings as of
6/30/2014
Date filed
7/29/2014
Form type
13F-HR
Num holdings
140
Total value ($000)
$261,454
Net value change ($000)
+20,625 (8.6%)
New positions
12
Sold out positions
9
Turnover %
6.6%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q1 2014
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ALPHABET INC CL C 3,141 NEW
Alphabet Inc. Class C 1,840 NEW
AIG 1,220 49.4%
AAPL 1,160 20.2%
FE 859 NEW
RIG 851 NEW
MU 829 50.1%
AAL 781 213.4%
GILD 779 NEW
TAP 715 24.7%
Top Reduces (Value $000, Stocks/ETFs)
GLW -1,838 -100.0%
LORILLARD INC COM -1,376 -100.0%
VMC -1,159 -4.1%
ABBV -1,015 -100.0%
BAC -940 -36.6%
SUNOCO LOGISTICS PRTNRS L P -862 -39.5%
T -559 -100.0%
APACHE CORP -458 -100.0%
INVSC QQQ TRUST SRS 1 ETF -404 -44.1%
DUK -372 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 9,805 (3.8% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type