Callahan Advisors, LLC

Q3 2025 13F-HR Holdings

Location
Houston, TX
Holdings as of
9/30/2025
Date filed
10/31/2025
Form type
13F-HR
Num holdings
168
Total value ($000)
$1,177,411
Net value change ($000)
+64,686 (5.8%)
New positions
4
Sold out positions
9
Turnover %
0.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/28/2025 Next filing: 2/6/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
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)
GOOGL 18,483 38.2%
AAPL 6,372 20.7%
NVDA 5,776 24.5%
CAT 4,535 21.2%
JNJ 4,079 21.6%
NEE 3,782 18.2%
TSM 3,033 52.4%
ASML 2,930 30.7%
BN 2,905 9.8%
MSFT 2,599 4.2%
Top Reduces (Value $000, Stocks/ETFs)
CNI -3,748 -33.8%
FTNT -2,712 -19.0%
ACN -2,167 -29.6%
PAYX -1,460 -13.5%
SYK -1,382 -7.1%
BKNG -1,266 -4.9%
MKTX -1,228 -100.0%
TRI -1,206 -22.8%
CAH -1,205 -15.0%
T -1,205 -14.8%
Instrument mix + QoQ Δ (ex-options)
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