Narwhal Capital Management 13F annual report

Narwhal Capital Management is an investment fund managing more than $1.05 trillion ran by Jonathan Hicks. There are currently 132 companies in Mr. Hicks’s portfolio. The largest investments include Ishares Tr and Microsoft, together worth $198 billion.

Limited to 30 biggest holdings

$1.05 trillion Assets Under Management (AUM)

As of 29th July 2024, Narwhal Capital Management’s top holding is 445,528 shares of Ishares Tr currently worth over $127 billion and making up 12.1% of the portfolio value. In addition, the fund holds 157,138 shares of Microsoft worth $70.2 billion, whose value grew 0.7% in the past six months. The third-largest holding is NVIDIA Corp worth $64.2 billion and the next is Apple Inc worth $56.9 billion, with 270,080 shares owned.

Currently, Narwhal Capital Management's portfolio is worth at least $1.05 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Narwhal Capital Management

The Narwhal Capital Management office and employees reside in Marietta, Georgia. According to the last 13-F report filed with the SEC, Jonathan Hicks serves as the Chief Compliance Officer at Narwhal Capital Management.

Recent trades

In the most recent 13F filing, Narwhal Capital Management revealed that it had opened a new position in Caterpillar and bought 25,466 shares worth $8.48 billion. This means they effectively own approximately 0.1% of the company. Caterpillar makes up 13.5% of the fund's Industrials sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Ishares Tr by buying 90,556 additional shares. This makes their stake in Ishares Tr total 445,528 shares worth $127 billion.

On the other hand, there are companies that Narwhal Capital Management is getting rid of from its portfolio. Narwhal Capital Management closed its position in Verizon Communications Inc on 5th August 2024. It sold the previously owned 227,683 shares for $12.3 million. Jonathan Hicks also disclosed a decreased stake in Microsoft by approximately 0.1%. This leaves the value of the investment at $70.2 billion and 157,138 shares.

One of the average hedge funds

The two most similar investment funds to Narwhal Capital Management are U S Global Investors Inc and Bloombergsen. They manage $1.05 trillion and $1.05 trillion respectively.


Jonathan Hicks investment strategy

Narwhal Capital Management’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Technology — making up 25.1% of the total portfolio value. The fund focuses on investments in the United States as 50.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 52% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $217 billion.

The complete list of Narwhal Capital Management trades based on 13F SEC filings

These positions were updated on August 5th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Ishares Tr
25.51%
445,528
$127,333,751,000 12.10%
Microsoft Corporation
4.12%
157,138
$70,232,793,000 6.68%
NVIDIA Corp
734.38%
519,303
$64,154,684,000 6.10%
Apple Inc
16.11%
270,080
$56,884,205,000 5.41%
Alphabet Inc
2,049.30%
291,531
$53,472,645,000 5.08%
Amazon.com Inc.
2,265.40%
197,582
$38,182,722,000 3.63%
Vulcan Matls Co
16.82%
122,279
$30,408,349,000 2.89%
Ishares Gold Tr
6.29%
682,068
$29,963,247,000 2.85%
Jpmorgan Chase Co.
7.07%
130,378
$26,370,275,000 2.51%
Unitedhealth Group Inc
6.28%
45,655
$23,250,210,000 2.21%
Meta Platforms Inc
4.61%
45,655
$23,020,170,000 2.19%
Home Depot, Inc.
12.96%
58,804
$20,242,592,000 1.92%
Goldman Sachs Group, Inc.
98.00%
36,257
$16,399,934,000 1.56%
Johnson Johnson
14.76%
112,093
$16,383,443,000 1.56%
Blackrock Inc.
1.88%
20,775
$16,356,920,000 1.55%
Eli Lilly Co
1,348.95%
17,996
$16,293,248,000 1.55%
Merck Co Inc
87.27%
126,233
$15,627,695,000 1.49%
Procter And Gamble Co
18.37%
89,155
$14,703,511,000 1.40%
Lockheed Martin Corp.
0.39%
29,397
$13,731,307,000 1.31%
American Express Co.
13.66%
54,994
$12,733,906,000 1.21%
Qualcomm, Inc.
157.13%
61,262
$12,202,168,000 1.16%
Exxon Mobil Corp.
32.58%
103,577
$11,923,747,000 1.13%
L3Harris Technologies Inc
0.91%
49,176
$11,043,979,000 1.05%
General Dynamics Corp.
33.18%
35,186
$10,208,866,000 0.97%
Philip Morris International Inc
427.01%
99,737
$10,106,350,000 0.96%
NextEra Energy Inc
25.40%
141,647
$10,030,012,000 0.95%
Blackrock Mun Target Term Tr
9.51%
482,342
$10,018,250,000 0.95%
Cisco Sys Inc
75.39%
207,828
$9,873,890,000 0.94%
Cincinnati Finl Corp
99.62%
79,190
$9,352,347,000 0.89%
Visa Inc
13.67%
35,184
$9,234,828,000 0.88%
Analog Devices Inc.
2,749.63%
38,983
$8,898,292,000 0.85%
HCA Healthcare Inc
364.46%
27,278
$8,763,905,000 0.83%
Caterpillar Inc.
Opened
25,466
$8,482,725,000 0.81%
Valero Energy Corp.
121.27%
52,862
$8,286,601,000 0.79%
Northrop Grumman Corp.
14.68%
18,908
$8,242,943,000 0.78%
Pepsico Inc
21.61%
46,904
$7,735,873,000 0.74%
Costco Whsl Corp New
Opened
8,912
$7,575,125,000 0.72%
Entegris Inc
Opened
53,634
$7,262,044,000 0.69%
Adobe Inc
29.52%
12,892
$7,162,022,000 0.68%
RTX Corp
11.26%
67,461
$6,772,420,000 0.64%
Blackstone Inc
8.64%
49,823
$6,168,087,000 0.59%
Constellation Brands, Inc.
30.46%
22,556
$5,803,240,000 0.55%
Novartis AG
22.84%
53,967
$5,745,327,000 0.55%
Canadian Pacific Kansas City
Opened
72,820
$5,733,119,000 0.54%
Graco Inc.
Opened
71,585
$5,675,259,000 0.54%
Championx Corporation
Opened
167,172
$5,551,782,000 0.53%
Chevron Corp.
1.06%
35,051
$5,482,677,000 0.52%
Disney Walt Co
28.51%
50,719
$5,035,893,000 0.48%
Miller Inds Inc Tenn
Opened
86,585
$4,763,907,000 0.45%
Select Sector Spdr Tr
0.94%
26,250
$4,966,658,000 0.47%
Vanguard World Fd
564.44%
27,355
$5,388,646,000 0.51%
Target Corp
43.96%
31,892
$4,721,244,000 0.45%
Elevance Health Inc
15.88%
8,178
$4,431,331,000 0.42%
Vanguard Index Fds
599.73%
56,587
$5,515,672,000 0.52%
Spdr Dow Jones Indl Average
36.96%
11,080
$4,333,720,000 0.41%
NOV Inc
2.08%
227,758
$4,329,680,000 0.41%
CRH Plc
Opened
49,757
$3,730,780,000 0.35%
Spdr Gold Tr
30.87%
15,033
$3,232,245,000 0.31%
Dominos Pizza Inc
Opened
6,241
$3,222,416,000 0.31%
Constellation Energy Corp
Opened
15,658
$3,135,828,000 0.30%
Garmin Ltd
Opened
19,147
$3,119,429,000 0.30%
Berkshire Hathaway Inc.
No change
5
$3,061,205,000 0.29%
Kinder Morgan Inc
65.64%
151,150
$3,003,351,000 0.29%
Etfs Gold Tr
1.67%
133,869
$2,974,569,000 0.28%
Spdr Ser Tr
20.14%
20,989
$2,669,381,000 0.25%
Boeing Co.
22.82%
13,598
$2,474,972,000 0.24%
ServiceNow Inc
61.92%
3,146
$2,474,864,000 0.24%
Diageo plc
40.88%
19,380
$2,443,443,000 0.23%
Starbucks Corp.
53.26%
30,644
$2,385,648,000 0.23%
Abbott Labs
80.71%
22,154
$2,302,030,000 0.22%
Nexpoint Residential Tr Inc
57.13%
57,351
$2,265,952,000 0.22%
CVS Health Corp
27.61%
36,452
$2,152,855,000 0.20%
Wisdomtree Tr
Opened
27,280
$2,129,204,000 0.20%
Unilever plc
45.99%
37,126
$2,041,560,000 0.19%
BWX Technologies Inc
69.20%
20,293
$1,927,838,000 0.18%
Select Sector Spdr Tr
Opened
52,011
$4,793,986,000 0.46%
Simplify Exchange Traded Fun
Opened
33,688
$1,696,528,000 0.16%
Exelon Corp.
0.20%
47,180
$1,632,900,000 0.16%
AMGEN Inc.
13.03%
5,147
$1,608,180,000 0.15%
HF Sinclair Corporation
Opened
29,450
$1,570,863,000 0.15%
Skyworks Solutions, Inc.
69.72%
14,074
$1,500,015,000 0.14%
Oneok Inc.
Opened
18,088
$1,475,076,000 0.14%
Micron Technology Inc.
48.35%
10,518
$1,383,437,000 0.13%
Pfizer Inc.
71.45%
49,428
$1,382,990,000 0.13%
Nxp Semiconductors N V
Opened
5,040
$1,356,214,000 0.13%
RH
Opened
5,177
$1,265,466,000 0.12%
Schwab Strategic Tr
Opened
16,065
$1,249,214,000 0.12%
Molson Coors Beverage Company
Opened
24,560
$1,248,385,000 0.12%
Tesla Inc
Opened
6,179
$1,222,701,000 0.12%
Altria Group Inc.
0.09%
26,065
$1,187,261,000 0.11%
Enterprise Prods Partners L
238.33%
40,600
$1,176,588,000 0.11%
Bhp Group Ltd
45.15%
19,450
$1,110,401,000 0.11%
Delta Air Lines, Inc.
40.44%
23,050
$1,093,492,000 0.10%
Walmart Inc
110.03%
15,450
$1,046,120,000 0.10%
Schlumberger Ltd.
Opened
21,874
$1,032,015,000 0.10%
Att Inc
Opened
53,600
$1,024,296,000 0.10%
Honeywell International Inc
Opened
4,351
$929,113,000 0.09%
T-Mobile US Inc
Opened
5,043
$888,476,000 0.08%
Transocean Ltd
Opened
160,000
$856,000,000 0.08%
Taiwan Semiconductor Mfg Ltd
Opened
4,625
$803,871,000 0.08%
Mueller Inds Inc
Opened
13,932
$793,288,000 0.08%
Deere Co
Opened
1,944
$726,337,000 0.07%
Entergy Corp.
No change
6,500
$695,500,000 0.07%
Atlanta Braves Holdings Inc
Opened
17,399
$686,217,000 0.07%
Spdr Sp 500 Etf Tr
294.98%
1,181
$642,724,000 0.06%
Proshares Tr
Opened
12,000
$970,516,000 0.09%
First Tr Exchange-traded Fd
Opened
12,499
$600,577,000 0.06%
Oracle Corp.
38.12%
4,040
$570,401,000 0.05%
Intel Corp.
45.88%
17,588
$544,707,000 0.05%
Invesco Exch Traded Fd Tr Ii
290.91%
43,000
$496,650,000 0.05%
First Tr Mtg Income Fd
Opened
39,868
$475,625,000 0.05%
General Mtrs Co
93.79%
9,870
$458,568,000 0.04%
Ford Mtr Co Del
Opened
35,661
$447,189,000 0.04%
Pacer Fds Tr
Opened
10,000
$435,600,000 0.04%
Vanguard Intl Equity Index F
14.87%
13,590
$741,962,000 0.07%
Ishares Inc
Opened
7,744
$414,536,000 0.04%
D.R. Horton Inc.
Opened
2,653
$373,887,000 0.04%
Wells Fargo Co New
71.48%
5,710
$339,130,000 0.03%
Vanguard Index Fds
Opened
2,411
$621,504,000 0.06%
Fedex Corp
Opened
1,120
$335,821,000 0.03%
Southwest Airls Co
89.61%
11,160
$319,292,000 0.03%
Anheuser-Busch InBev SA/NV
Opened
5,375
$312,556,000 0.03%
The Southern Co.
Opened
3,859
$299,343,000 0.03%
Ishares Tr
Opened
2,260
$298,433,000 0.03%
Sony Group Corp
72.60%
3,000
$254,850,000 0.02%
Comcast Corp New
64.14%
6,416
$251,252,000 0.02%
Vanguard Scottsdale Fds
No change
1,011
$248,777,000 0.02%
Qorvo Inc
Opened
2,080
$241,363,000 0.02%
Berkshire Hathaway Inc.
Opened
586
$238,385,000 0.02%
Alphabet Inc
Opened
1,300
$236,795,000 0.02%
Lululemon Athletica inc.
Opened
680
$203,116,000 0.02%
Verizon Communications Inc
Closed
227,683
$12,297,000
CMC Materials Inc
Closed
78,989
$9,734,000
Nike, Inc.
Closed
34,453
$5,004,000
Dominion Energy Inc
Closed
55,089
$4,023,000
IAA Inc
Closed
55,074
$3,005,000
DraftKings Inc.
Closed
55,907
$2,692,000
First Tr Sr Floating Rate 20
Closed
193,105
$1,862,000
Union Pac Corp
Closed
7,810
$1,531,000
Magellan Midstream Prtnrs Lp
Closed
28,724
$1,309,000
HF Sinclair Corporation
Closed
29,450
$976,000
Coca-Cola Co
Closed
17,098
$897,000
Spdr Ser Tr
Opened
14
$896,000 0.00%
First Tr High Yield Opprt 20
Closed
42,498
$873,000
Citigroup Inc
Closed
11,793
$828,000
Discover Finl Svcs
Closed
6,597
$810,000
Pioneer Municipal High Incom
Closed
56,137
$651,000
Scotts Miracle-Gro Company
Closed
4,440
$650,000
Liberty Media Corp.
Closed
24,377
$644,000
Nuveen Georgia Qlty Mun Inc
Closed
38,575
$523,000
Nuveen New Jersey Qult Mun F
Closed
30,325
$468,000
Ishares Tr
Closed
2,969
$465,000
Vanguard Bd Index Fds
Closed
7,555
$710,000
Nuveen New York Amt Qlt Muni
Closed
32,150
$445,000
United Parcel Service, Inc.
Closed
2,294
$418,000
Datadog Inc
Closed
2,613
$369,000
Vanguard Index Fds
Closed
1,625
$355,000
GE Aerospace
Closed
3,401
$350,000
Peloton Interactive Inc
Closed
3,943
$343,000
Bk Of America Corp
Closed
7,497
$318,000
Omnicom Group, Inc.
Closed
4,305
$312,000
World Wrestling Entmt Inc
Closed
5,410
$304,000
Nuveen Mun Value Fd Inc
Closed
26,800
$303,000
Western Asset Inter Muni Fd
Closed
27,180
$265,000
Kimberly-Clark Corp.
Closed
1,995
$264,000
Realogy Hldgs Corp
Closed
14,638
$257,000
Vanguard Scottsdale Fds
Closed
2,579
$243,000
Netflix Inc.
Closed
350
$214,000
Stoneridge Inc.
Closed
9,982
$204,000
Nuveen Municipal Credit Inc
Closed
11,131
$186,000
First Tr Sr Fltg Rate Income
Closed
15,165
$186,000
Nuveen Pennsylvania Qlt Mun
Closed
12,140
$180,000
Nuveen Select Mat Mun Fd
Closed
13,275
$144,000
Nuveen Corporate Income 2023
Closed
10,967
$108,000
Blackrock 2022 Gbl Incm Opp
Closed
20,000
$104,000
22nd Centy Group Inc
Closed
15,250
$45,000
No transactions found
Showing first 500 out of 176 holdings