Callahan Advisors, LLC

Q4 2025 13F-HR Holdings

Location
Houston, TX
Holdings as of
12/31/2025
Date filed
2/6/2026
Form type
13F-HR
Num holdings
174
Total value ($000)
$1,216,662
Net value change ($000)
+39,251 (3.3%)
New positions
16
Sold out positions
10
Turnover %
3.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/31/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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 15,772 23.6%
INTU 6,704 NEW
LLY 6,330 44.4%
PRI 4,727 NEW
NFLX 3,689 702.7%
AMAT 3,537 22.9%
MSCI 3,437 NEW
CB 3,412 12.6%
CAT 3,191 12.3%
CLX 3,183 NEW
Top Reduces (Value $000, Stocks/ETFs)
META -7,724 -10.3%
MSFT -4,283 -6.6%
ENTG -2,914 -91.6%
PAYC -2,823 -73.2%
ZTS -2,737 -100.0%
PFE -2,558 -14.1%
T -2,299 -33.2%
CTAS -2,254 -33.4%
ADBE -2,225 -22.8%
PG -2,000 -12.2%
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