Narwhal Capital Management

Q1 2026 13F-HR Holdings

Location
Marietta, GA
Holdings as of
3/31/2026
Date filed
4/23/2026
Form type
13F-HR
Num holdings
169
Total value ($000)
$1,355,374
Net value change ($000)
-20,866 (-1.5%)
New positions
10
Sold out positions
4
Turnover %
0.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 1/30/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 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)
SUNB 6,468 NEW
XOM 5,788 39.9%
ICE 5,440 196.6%
IAU 4,623 8.5%
CAT 3,991 32.1%
NFLX 3,780 451.1%
LMT 3,340 20.8%
JNJ 3,305 16.7%
VLO 3,252 50.8%
BWXT 2,937 58.4%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -17,297 -22.2%
GOOGL -7,374 -8.3%
IVV -6,022 -4.2%
NVDA -5,793 -6.2%
V -4,556 -21.8%
AXP -4,315 -20.8%
AAPL -4,120 -5.5%
AMZN -4,022 -8.0%
META -3,964 -12.4%
JPM -3,704 -8.8%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 12 (0.0% 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