Fund Universe

Narwhal Capital Management

CIK 0001461287 · holdings for 2026Q2 (change vs 2026Q1) · in signal universe
Quality Q
0.675
AUM ($M)
1,448
Positions
155
Turnover
0.08
Top-10 wt
49%
Herfindahl
0.035
History (qtrs)
6
Excess Return
-18.3%

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Quarter
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Security type

Holdings · 175 positions · portfolio value $1,448M

TickerNameActivitySecurity Type WeightΔ Weight Value ($M)SharesΔ Shares Qtrs HeldExcess Return
IVV funds › ISHARES TR ADD 11.0% +0.8% 158.8 212,038 +469 5
NVDA funds › NVIDIA CORPORATION TRIM 6.9% +0.5% 99.7 498,520 -951 5
GOOG funds › ALPHABET INC TRIM 6.8% +0.8% 98.5 278,904 -6,614 5
AAPL funds › APPLE INC ADD 5.6% +0.4% 81.1 280,237 +685 5
MSFT funds › MICROSOFT CORP TRIM 4.2% -0.3% 60.5 162,292 -1,843 5
AMZN funds › AMAZON COM INC ADD 3.7% +0.4% 54.3 227,622 +6,875 5
IAU funds › ISHARES GOLD TR ADD 3.5% -0.9% 50.7 672,087 +354 5
JPM funds › JPMORGAN CHASE & CO TRIM 2.9% +0.1% 42.4 129,578 -231 5
VMC funds › VULCAN MATLS CO TRIM 2.7% +0.0% 39.3 133,357 -1,222 5
META funds › META PLATFORMS INC TRIM 1.9% -0.2% 26.9 47,775 -1,361 5
ADI funds › ANALOG DEVICES INC ADD 1.8% +0.3% 26.0 65,383 +1,823 5
GS funds › GOLDMAN SACHS GROUP INC TRIM 1.7% +0.1% 25.2 24,939 -949 5
LLY funds › ELI LILLY & CO TRIM 1.7% +0.2% 24.5 20,444 -1,040 5
JNJ funds › JOHNSON & JOHNSON TRIM 1.7% -0.1% 23.9 94,177 -434 5
CAT funds › CATERPILLAR INC TRIM 1.6% +0.4% 23.6 22,180 -1,006 5
HD funds › HOME DEPOT INC TRIM 1.6% -0.0% 23.1 65,453 -2,202 5
CSCO funds › CISCO SYS INC ADD 1.6% +0.5% 22.6 192,141 +3,569 5
IVE funds › ISHARES TR HOLD 1.5% +0.0% 21.1 92,784 +0 5
AXP funds › AMERICAN EXPRESS CO ADD 1.3% +0.1% 19.1 56,415 +1,958 5
BLK funds › BLACKROCK INC TRIM 1.2% -0.2% 18.1 18,788 -1,315 5
V funds › VISA INC TRIM 1.1% -0.1% 15.9 46,402 -7,782 5
IWF funds › ISHARES TR ADD 1.1% +0.1% 15.5 125,220 +93,915 5
AVGO funds › BROADCOM INC ADD 1.1% +0.3% 15.5 41,122 +5,900 5
CUSIP:30231G102 funds › EXXON MOBIL CORP TRIM 1.1% -0.4% 15.4 112,375 -7,328 5
RTX funds › RTX CORPORATION ADD 1.1% +0.0% 15.2 80,241 +8,039 5
GD funds › GENERAL DYNAMICS CORP ADD 0.9% -0.0% 13.6 38,504 +642 5
NEE funds › NEXTERA ENERGY INC TRIM 0.9% -0.2% 13.6 155,183 -17,356 5
LMT funds › LOCKHEED MARTIN CORP TRIM 0.9% -0.5% 12.8 25,135 -6,990 5
MRK funds › MERCK & CO INC TRIM 0.9% -0.1% 12.8 99,503 -11,872 5
MU funds › MICRON TECHNOLOGY INC TRIM 0.9% +0.6% 12.7 10,985 -38 5
PG funds › PROCTER & GAMBLE CO TRIM 0.9% -0.1% 12.6 86,077 -3,380 5
LHX funds › L3HARRIS TECHNOLOGIES INC TRIM 0.8% -0.4% 11.7 40,344 -6,357 5
CP funds › CANADIAN PACIFIC KANSAS CITY ADD 0.8% +0.1% 11.0 126,466 +13,491 5
PM funds › PHILIP MORRIS INTL INC TRIM 0.7% -0.1% 10.4 57,529 -6,367 5
NOW funds › SERVICENOW INC ADD 0.7% +0.5% 10.3 103,711 +70,980 5
VLO funds › VALERO ENERGY CORP TRIM 0.7% -0.0% 10.0 38,358 -704 5
QQQ funds › INVESCO QQQ TR TRIM 0.7% +0.1% 9.5 12,866 -11 5
CINF funds › CINCINNATI FINL CORP TRIM 0.6% +0.0% 9.2 49,750 -1,015 5
QCOM funds › QUALCOMM INC ADD 0.6% +0.3% 8.9 48,292 +14,094 5
ENTG funds › ENTEGRIS INC ADD 0.6% +0.2% 8.7 48,096 +1,257 5
NOC funds › NORTHROP GRUMMAN CORP TRIM 0.6% -0.3% 8.4 16,474 -162 5
NVS funds › NOVARTIS AG ADD 0.6% -0.0% 8.3 52,702 +34 5
AVB funds › AVALONBAY CMNTYS INC TRIM 0.6% -0.1% 8.2 43,562 -8,432 5
XLK funds › SELECT SECTOR SPDR TR HOLD 0.6% +0.1% 8.0 42,000 +0 5
IVW funds › ISHARES TR HOLD 0.5% +0.1% 7.7 56,000 +0 5
ICE funds › INTERCONTINENTAL EXCHANGE IN ADD 0.5% -0.1% 7.6 61,878 +9,700 3 -19.1%
BX funds › BLACKSTONE INC TRIM 0.5% -0.1% 7.5 63,897 -8,636 5
SUNB funds › SUNBELT RENTALS HOLDINGS INC TRIM 0.5% +0.0% 7.0 93,850 -5,521 2 +4.8%
GGG funds › GRACO INC ADD 0.5% +0.1% 6.8 90,559 +23,155 5
COST funds › COSTCO WHOLESALE CORPORATION ADD 0.5% -0.0% 6.6 7,079 +339 5
SBUX funds › STARBUCKS CORP TRIM 0.4% -0.1% 6.5 63,274 -24,454 5
CUSIP:624756102 funds › MUELLER INDS INC TRIM 0.4% -0.0% 6.5 52,481 -6,325 5
ORCL funds › ORACLE CORP TRIM 0.4% -0.1% 6.4 43,601 -1,918 5
SLB funds › SLB LIMITED ADD 0.4% -0.0% 6.1 131,518 +16,422 5
PEP funds › PEPSICO INC TRIM 0.4% -0.2% 5.9 43,887 -12,204 5
DIA funds › STATE STR SPDR DOW JONES IND HOLD 0.4% +0.0% 5.8 11,080 +0 5
CVX funds › CHEVRON CORPORATION TRIM 0.4% -0.2% 5.7 34,537 -1,237 5
RELX funds › RELX PLC ADD 0.4% -0.0% 5.6 177,412 +8,469 5 -54.4%
BWXT funds › BWX TECHNOLOGIES INC TRIM 0.4% -0.2% 5.6 28,838 -10,131 5
CRH funds › CRH PLC TRIM 0.4% -0.0% 5.4 50,749 -102 5
KMI funds › KINDER MORGAN INC DEL TRIM 0.3% -0.0% 5.0 155,586 -52 5
GRMN funds › GARMIN LTD ADD 0.3% +0.0% 4.8 20,122 +2,448 5
NFLX funds › NETFLIX INC. ADD 0.3% -0.0% 4.8 66,575 +18,551 5 -54.1%
SGOL funds › ETFS GOLD TR TRIM 0.3% -0.1% 4.3 112,946 -302 5
UFPI funds › UFP INDUSTRIES INC TRIM 0.3% -0.0% 4.3 47,190 -2,531 5
GLD funds › SPDR GOLD TR TRIM 0.3% -0.1% 3.8 10,244 -19 5
CUSIP:084670108 funds › BERKSHIRE HATHAWAY INC DEL HOLD 0.3% -0.0% 3.7 5 +0 5
CEG funds › CONSTELLATION ENERGY CORP TRIM 0.2% -0.1% 3.5 14,268 -1,500 5
AMRZ funds › AMRIZE LTD NEW 0.2% +0.2% 3.5 65,645 +65,645 1 -46.7%
TSLA funds › TESLA INC ADD 0.2% +0.1% 3.3 7,913 +1,394 5
DVY funds › ISHARES TR ADD 0.2% -0.0% 3.3 21,008 +10 5
SDY funds › SPDR SERIES TRUST TRIM 0.2% -0.0% 3.1 20,615 -374 5
STZ funds › CONSTELLATION BRANDS INC ADD 0.2% -0.0% 3.1 22,214 +2,450 5
IJR funds › ISHARES TR HOLD 0.2% +0.0% 3.0 20,450 +0 5
DGX funds › QUEST DIAGNOSTICS INC NEW 0.2% +0.2% 2.8 13,348 +13,348 1 +119.7%
WMT funds › WALMART INC TRIM 0.2% -0.1% 2.8 24,315 -2,736 5
HCA funds › HCA HEALTHCARE INC TRIM 0.2% -0.2% 2.7 6,813 -4,566 5
ABT funds › ABBOTT LABORATORIES TRIM 0.2% -0.4% 2.5 27,594 -44,218 5
ASML funds › ASML HLDG NV NEW 0.2% +0.2% 2.5 1,235 +1,235 1 +131.6%
NTRA funds › NATERA INC TRIM 0.2% +0.0% 2.4 8,927 -176 5
NXRT funds › NEXPOINT RESIDENTIAL TR INC ADD 0.2% +0.0% 2.3 82,707 +6,097 5
TSM funds › TAIWAN SEMICONDUCTOR MANUFAC HOLD 0.2% +0.0% 2.2 4,634 +0 5
VNQ funds › VANGUARD INDEX FDS ADD 0.1% +0.1% 2.1 21,665 +16,884 5
DGRW funds › WISDOMTREE TR HOLD 0.1% +0.0% 2.1 21,779 +0 5
SPMO funds › INVESCO EXCH TRADED FD TR II HOLD 0.1% +0.0% 2.1 12,836 +0 5
ADBE funds › ADOBE INC TRIM 0.1% -0.2% 1.9 9,357 -7,460 5
UNH funds › UNITEDHEALTH GROUP INC TRIM 0.1% +0.0% 1.9 4,500 -54 5
ETR funds › ENTERGY CORP NEW ADD 0.1% -0.0% 1.7 15,134 +193 5
EXC funds › EXELON CORP HOLD 0.1% -0.0% 1.7 36,855 +0 5
DAL funds › DELTA AIR LINES INC HOLD 0.1% +0.0% 1.6 16,850 +0 5
OKE funds › ONEOK INC NEW HOLD 0.1% -0.0% 1.5 17,194 +0 5
SPY funds › STATE STR SPDR S&P 500 ETF T TRIM 0.1% +0.0% 1.3 1,743 -19 5
IWR funds › ISHARES TR HOLD 0.1% +0.0% 1.1 10,231 +0 5
SCHD funds › SCHWAB STRATEGIC TR TRIM 0.1% -0.0% 1.1 35,238 -438 5
T funds › AT&T INC TRIM 0.1% -0.0% 1.0 50,228 -3,500 5
IJJ funds › ISHARES TR HOLD 0.1% +0.0% 1.0 6,923 +0 5
XLU funds › SELECT SECTOR SPDR TR HOLD 0.1% -0.0% 1.0 22,360 +0 5
DPZ funds › DOMINOS PIZZA INC TRIM 0.1% -0.3% 1.0 3,422 -11,640 5
VIS funds › VANGUARD WORLD FD HOLD 0.1% +0.0% 1.0 2,799 +0 5
SAIA funds › SAIA INC NEW 0.1% +0.1% 1.0 2,366 +2,366 1 -76.1%
VUG funds › VANGUARD INDEX FDS ADD 0.1% +0.0% 0.9 10,800 +8,996 5
BATRK funds › ATLANTA BRAVES HLDGS INC HOLD 0.1% +0.0% 0.9 17,404 +0 5
TMUS funds › T-MOBILE US INC ADD 0.1% +0.0% 0.9 5,189 +3,395 5
VAW funds › VANGUARD WORLD FD ADD 0.1% +0.0% 0.9 3,803 +2,471 5
MO funds › ALTRIA GROUP INC HOLD 0.1% +0.0% 0.9 12,045 +0 5
XLV funds › SELECT SECTOR SPDR TR TRIM 0.1% -0.0% 0.8 5,315 -490 5
EEM funds › ISHARES TR ADD 0.1% +0.0% 0.8 12,079 +29 5
INTC funds › INTEL CORP TRIM 0.1% +0.0% 0.8 5,384 -5,411 3 +308.2%
UL funds › UNILEVER PLC TRIM 0.1% -0.0% 0.7 12,398 -7,252 3 -30.5%
VXF funds › VANGUARD INDEX FDS HOLD 0.0% +0.0% 0.7 2,917 +0 5
NXPI funds › NXP SEMICONDUCTORS N V HOLD 0.0% +0.0% 0.7 2,510 +0 5
CVS funds › CVS HEALTH CORP ADD 0.0% +0.0% 0.7 6,646 +2,510 5
EPD funds › ENTERPRISE PRODS PARTNERS L ADD 0.0% -0.0% 0.7 17,950 +1,350 5
DINO funds › HF SINCLAIR CORP HOLD 0.0% +0.0% 0.7 9,450 +0 5
BA funds › BOEING CO TRIM 0.0% -0.0% 0.6 2,980 -477 5
MCD funds › MCDONALDS CORP ADD 0.0% -0.0% 0.6 2,347 +103 3 -36.3%
XLP funds › SELECT SECTOR SPDR TR HOLD 0.0% -0.0% 0.6 7,580 +0 5
XLE funds › SELECT SECTOR SPDR TR ADD 0.0% -0.0% 0.6 11,744 +66 5
JBHT funds › HUNT J B TRANS SVCS INC ADD 0.0% +0.0% 0.6 2,112 +1,089 2 +28.1%
DIS funds › DISNEY WALT CO ADD 0.0% +0.0% 0.6 6,211 +508 5
VGK funds › VANGUARD INTL EQUITY INDEX F HOLD 0.0% +0.0% 0.6 6,400 +0 5
MUSA funds › MURPHY USA INC TRIM 0.0% -0.0% 0.6 1,032 -265 5
HAL funds › HALLIBURTON CO HOLD 0.0% -0.0% 0.6 16,227 +0 5 +25.7%
ITA funds › ISHARES TR HOLD 0.0% +0.0% 0.5 2,260 +0 5
IWM funds › ISHARES TR TRIM 0.0% +0.0% 0.5 1,822 -11 5
VONE funds › VANGUARD SCOTTSDALE FDS HOLD 0.0% +0.0% 0.5 1,568 +0 5
KR funds › KROGER CO TRIM 0.0% -0.0% 0.5 9,143 -2,780 5 -37.9%
IYE funds › ISHARES TR HOLD 0.0% -0.0% 0.5 8,825 +0 5
VBK funds › VANGUARD INDEX FDS HOLD 0.0% +0.0% 0.5 1,350 +0 5
VRT funds › VERTIV HOLDINGS CO TRIM 0.0% -0.0% 0.5 1,404 -551 4 +99.6%
RF funds › REGIONS FINANCIAL CORP NEW TRIM 0.0% +0.0% 0.4 14,159 -12 2 -11.8%
DE funds › DEERE & CO TRIM 0.0% -0.0% 0.4 643 -271 5
SCHX funds › SCHWAB STRATEGIC TR ADD 0.0% +0.0% 0.4 13,033 +1,002 5
SO funds › SOUTHERN CO HOLD 0.0% -0.0% 0.4 3,859 +0 5
WFC funds › WELLS FARGO & CO HOLD 0.0% -0.0% 0.4 4,431 +0 5
BUD funds › ANHEUSER BUSCH INBEV SA NV ADD 0.0% +0.0% 0.4 4,420 +14 2 -27.3%
ADSK funds › AUTODESK INC NEW 0.0% +0.0% 0.4 1,852 +1,852 1 -9.6% re-entry
XLI funds › SELECT SECTOR SPDR TR HOLD 0.0% +0.0% 0.4 1,925 +0 5
FDX funds › FEDEX CORP HOLD 0.0% -0.0% 0.4 1,120 +0 5
AMGN funds › AMGEN INC TRIM 0.0% -0.0% 0.3 959 -58 5
UNP funds › UNION PAC CORP ADD 0.0% +0.0% 0.3 1,241 +223 2 -3.2%
BRKB funds › BERKSHIRE HATHAWAY INC DEL ADD 0.0% -0.0% 0.3 645 +9 5
LNG funds › CHENIERE ENERGY INC TRIM 0.0% -0.0% 0.3 1,344 -174 4 -2.8%
IBIT funds › ISHARES BITCOIN TRUST ETF NEW 0.0% +0.0% 0.3 9,521 +9,521 1 -80.7% re-entry
GOOGL funds › ALPHABET INC ADD 0.0% +0.0% 0.3 845 +101 5 +55.4%
AOR funds › ISHARES TR HOLD 0.0% +0.0% 0.3 4,200 +0 5
XLF funds › SELECT SECTOR SPDR TR HOLD 0.0% +0.0% 0.3 5,250 +0 5
UPS funds › UNITED PARCEL SVCS INC HOLD 0.0% +0.0% 0.3 2,476 +0 5
IYH funds › ISHARES TR HOLD 0.0% +0.0% 0.3 3,750 +0 5
IJH funds › ISHARES TR HOLD 0.0% +0.0% 0.2 3,150 +0 5
VO funds › VANGUARD INDEX FDS ADD 0.0% +0.0% 0.2 2,826 +2,117 4 -2.1%
LRCX funds › LAM RESEARCH CORP NEW 0.0% +0.0% 0.2 500 +500 1 +86.3%
ELV funds › ELEVANCE HEALTH INC FORMERLY TRIM 0.0% -0.0% 0.2 532 -946 5
MKL funds › MARKEL GROUP INC HOLD 0.0% -0.0% 0.2 105 +0 5 -28.2%
FATE funds › FATE THERAPEUTICS INC HOLD 0.0% +0.0% 0.0 12,700 +0 5 +76.7%
CPRT funds › COPART INC EXIT 0.0% -0.0% 0.0 0 -13,221 0 -57.8%
FTHY funds › FIRST TR HIGH YIELD OPPRT 20 EXIT 0.0% -0.2% 0.0 0 -196,865 0 -21.1%
CLOI funds › VANECK ETF TRUST EXIT 0.0% -0.1% 0.0 0 -18,181 0 -16.3%
FERG funds › FERGUSON ENTERPRISES INC EXIT 0.0% -0.0% 0.0 0 -1,263 0 -35.5%
DHI funds › D R HORTON INC EXIT 0.0% -0.0% 0.0 0 -1,817 0 -23.8%
MTBA funds › SIMPLIFY EXCHANGE TRADED FUN EXIT 0.0% -0.2% 0.0 0 -62,064 0
VZ funds › VERIZON COMMUNICATIONS INC EXIT 0.0% -0.0% 0.0 0 -4,090 0 -50.7%
SPTS funds › SPDR SERIES TRUST EXIT 0.0% -0.0% 0.0 0 -10,399 0 -39.8%
BMN funds › BLACKROCK 2037 MUNICIPAL TAR EXIT 0.0% -0.0% 0.0 0 -15,265 0 -11.7%
NUV funds › NUVEEN MUN VALUE FD INC EXIT 0.0% -0.0% 0.0 0 -17,987 0
SGOV funds › ISHARES TR EXIT 0.0% -0.0% 0.0 0 -3,250 0 -17.5%
LMBS funds › FIRST TR EXCHANGE-TRADED FD EXIT 0.0% -0.0% 0.0 0 -8,753 0
KO funds › COCA COLA CO EXIT 0.0% -0.0% 0.0 0 -4,445 0 -27.4%
VGLT funds › VANGUARD SCOTTSDALE FDS EXIT 0.0% -0.0% 0.0 0 -8,235 0 -59.7% re-entry
FMY funds › FIRST TR MTG INCOME FD EXIT 0.0% -0.0% 0.0 0 -13,354 0 -48.2% re-entry
BTT funds › BLACKROCK MUN TARGET TERM TR EXIT 0.0% -0.6% 0.0 0 -357,067 0
SPSB funds › SPDR SERIES TRUST EXIT 0.0% -0.0% 0.0 0 -7,660 0
MGOV funds › FIRST TR EXCHANGE-TRADED FD EXIT 0.0% -0.1% 0.0 0 -58,576 0
LUV funds › SOUTHWEST AIRLS CO EXIT 0.0% -0.0% 0.0 0 -7,500 0
MMIN funds › NEW YORK LIFE INVTS ACTIVE E EXIT 0.0% -0.0% 0.0 0 -19,660 0

Point-in-time history

Each row is this fund as of that period, not as of today — what the scoring for that quarter actually saw.
PeriodAUM ($M)Positions TurnoverTop-10 wtHerfindahl Quality Q Skill Universe
2026Q2 1,448 155 0.08 49% 0.035 0.672 in
2026Q1 1,355 168 0.06 48% 0.033 0.701 in
2025Q4 1,376 162 0.06 51% 0.035 0.692 in
2025Q3 1,350 163 0.07 49% 0.033 0.660 in
2025Q2 1,245 162 0.09 47% 0.031 0.631 entered
2025Q1 1,122 161 0.00 44% 0.028 0.000 out
Long US-equity 13F disclosures only · up to 45-day reporting lag · sells = reduce/avoid, not short. JSON: /api/signals · /api/funds · /api/status