Callahan Advisors, LLC
CIK 1395055 · View on SEC EDGAR ↗
- Portfolio value
- $1.3B
- Positions
- 181
- As of
- June 30, 2026
#2,022 of 9,443 by 13F value · top 21.4%
Portfolio value QoQ: +10.7% 13F does not disclose cash
- Top 10 holdings weight
- 35.71%
- Top 25 holdings weight
- 62.44%
- Positions above 1%
- 30
- Effective number of positions
- 47.4
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 3.49% Est. buys $74,419,634 · sells $44,075,354
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 81.5% still held
- New positions
- 11
- Increased
- 68
- Decreased
- 75
- Closed
- 7
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +14.8% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 95.9% · Options excluded: 0.0%
Sector breakdown
Technology
19.8%
Communication Services
12.5%
Healthcare
11.9%
Industrials
10.3%
Financials
7.6%
Retail
7.2%
Energy
6.1%
Financial Services
6.0%
Consumer Discretionary
3.5%
Utilities
2.5%
Consumer Staples
2.3%
Consumer products
1.9%
Logistics & Transportation
1.4%
Real Estate
1.2%
Materials
1.1%
Communications
0.5%
Telecommunication
0.2%
Other/Unmapped
3.9%
Full portfolio 181 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| GOOG Alphabet Inc. - Class C Capital Stock | $83,712,964 | 6.31% | 236,926 | $12,764,905 | Down ×3 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $58,064,124 | 4.38% | 103,080 | $-200,484 | Up ×2 | ||
| AMZN Amazon.com, Inc. - Common Stock | $56,207,975 | 4.24% | 235,831 | $7,522,143 | Up ×6 | ||
| MSFT Microsoft Corporation - Common Stock | $47,177,444 | 3.56% | 126,474 | $475,265 | Up ×2 | ||
| AMAT Applied Materials, Inc. - Common Stock | $44,267,578 | 3.34% | 61,228 | $21,328,185 | Down ×4 | ||
| CAT Caterpillar, Inc. Common Stock | $42,146,091 | 3.18% | 39,578 | $10,662,146 | Down ×4 | ||
| AAPL Apple Inc. - Common Stock | $40,914,187 | 3.09% | 141,395 | $5,245,655 | Up ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $35,716,216 | 2.69% | 178,501 | $5,844,126 | Up ×6 | ||
| CB Chubb Limited Common Stock | $34,414,309 | 2.60% | 100,999 | $2,028,221 | Up ×6 | ||
| JPM JP Morgan Chase & Co. Common Stock | $30,961,540 | 2.33% | 94,588 | $2,896,299 | Down ×6 | ||
| BRKB | $30,560,318 | 2.30% | 61,073 | $1,957,349 | Up ×4 | ||
| BN Brookfield Corporation Class A Limited Voting Shares | $30,178,033 | 2.28% | 708,571 | $1,619,464 | Up ×3 | ||
| ASML ASML Holding N.V. - New York Registry Shares | $28,226,175 | 2.13% | 14,188 | $10,380,441 | Up ×6 | ||
| JNJ Johnson & Johnson Common Stock | $27,039,210 | 2.04% | 106,466 | $276,824 | Down ×3 | ||
| LLY Eli Lilly and Company Common Stock | $26,136,828 | 1.97% | 21,791 | $7,591,656 | Up ×6 | ||
| NEE NextEra Energy, Inc. Common Stock | $25,436,162 | 1.92% | 289,805 | $-2,702,716 | Down ×3 | ||
| BKNG Booking Holdings Inc. - Common Stock | $24,909,154 | 1.88% | 139,751 | $3,031,636 | Up ×6 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $23,512,226 | 1.77% | 49,233 | $9,528,869 | Up ×6 | ||
| MA Mastercard Incorporated Common Stock | $20,745,513 | 1.56% | 40,392 | $1,819,518 | Up ×6 | ||
| EQT EQT Corporation Common Stock | $20,655,332 | 1.56% | 388,477 | $-3,131,884 | Up ×5 | ||
| FTNT Fortinet, Inc. - Common Stock | $20,443,135 | 1.54% | 133,076 | $9,363,047 | Down ×1 | ||
| PEP PepsiCo, Inc. - Common Stock | $20,028,661 | 1.51% | 147,922 | $-582,405 | Up ×2 | ||
| MCD McDonald's Corporation Common Stock | $19,145,106 | 1.44% | 70,826 | $-812,401 | Up ×3 | ||
| SYK Stryker Corporation Common Stock | $18,773,885 | 1.42% | 59,630 | $2,550,429 | Up ×2 | ||
| FDX FedEx Corporation Common Stock | $18,649,958 | 1.41% | 59,560 | $-3,179,029 | Down ×5 | ||
| XOM Exxon Mobil Corporation Common Stock | $16,935,429 | 1.28% | 123,869 | $-4,932,351 | Down ×6 | ||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $15,601,823 | 1.18% | 37,538 | $5,202,526 | Down ×3 | ||
| WMT Walmart Inc. - Common Stock | $15,036,526 | 1.13% | 132,761 | $-1,785,746 | Down ×6 | ||
| PG Procter & Gamble Company (The) Common Stock | $14,794,440 | 1.12% | 100,890 | $418,949 | Up ×1 | ||
| DY Dycom Industries, Inc. Common Stock | $14,219,719 | 1.07% | 28,125 | $4,689,051 | Down ×5 | ||
| CVX Chevron Corporation Common Stock | $12,687,951 | 0.96% | 76,544 | $-3,540,381 | Down ×6 | ||
| LOW Lowe's Companies, Inc. Common Stock | $12,455,510 | 0.94% | 56,490 | $-1,079,015 | Down ×6 | ||
| URI United Rentals, Inc. Common Stock | $12,277,650 | 0.93% | 10,837 | $4,281,595 | Down ×4 | ||
| CVS CVS Health Corporation Common Stock | $11,418,174 | 0.86% | 110,374 | $4,014,860 | Up ×6 | ||
| PFE Pfizer, Inc. Common Stock | $11,342,922 | 0.86% | 471,052 | $-4,453,010 | Down ×3 | ||
| ETN Eaton Corporation, PLC Ordinary Shares | $10,983,243 | 0.83% | 25,775 | $1,751,423 | Down ×2 | ||
| NFLX Netflix, Inc. - Common Stock | $10,813,620 | 0.82% | 151,451 | $484,009 | Up ×3 | ||
| PAYX Paychex, Inc. - Common Stock | $10,724,099 | 0.81% | 109,062 | $2,517,017 | Up ×3 | ||
| DVA DaVita Inc. Common Stock | $10,033,403 | 0.76% | 45,098 | $4,632,890 | Up ×2 | ||
| STE STERIS plc (Ireland) Ordinary Shares | $9,824,546 | 0.74% | 46,657 | $-328,397 | Up ×1 | ||
| KMI Kinder Morgan, Inc. Common Stock | $9,621,778 | 0.73% | 300,963 | $-772,943 | Down ×6 | ||
| WELL Welltower Inc. Common Stock | $9,515,479 | 0.72% | 41,924 | $1,139,184 | Down ×3 | ||
| MSCI MSCI Inc. Common Stock | $9,431,093 | 0.71% | 16,840 | $1,599,278 | Up ×2 | ||
| CTVA Corteva, Inc. Common Stock | $8,888,599 | 0.67% | 104,955 | $-2,541,986 | Down ×4 | ||
| PRI Primerica, Inc. Common Stock | $8,823,865 | 0.67% | 31,048 | $2,476,691 | Up ×2 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $8,609,744 | 0.65% | 24,092 | $837,515 | Down ×4 | ||
| GEV GE Vernova Inc. Common Stock | $7,870,387 | 0.59% | 6,699 | $2,922,790 | Up ×3 | ||
| EXP Eagle Materials Inc Common Stock | $7,366,308 | 0.56% | 32,739 | $1,200,291 | Up ×1 | ||
| IQV IQVIA Holdings, Inc. Common Stock | $7,326,323 | 0.55% | 37,917 | $-261,172 | Down ×1 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $7,003,530 | 0.53% | 59,625 | $1,989,324 | Down ×5 | ||
| ABT Abbott Laboratories Common Stock | $6,891,057 | 0.52% | 75,943 | $-799,160 | Up ×1 | ||
| STEL Stellar Bancorp, Inc. Common Stock | $6,327,043 | 0.48% | 160,912 | $390,336 | Down ×3 | ||
| CNI Canadian National Railway Company Common Stock | $6,300,791 | 0.48% | 52,841 | $556,847 | Down ×5 | ||
| AXP American Express Company Common Stock | $6,031,130 | 0.45% | 17,830 | $638,093 | Up ×1 | ||
| ENB Enbridge Inc Common Stock | $5,888,236 | 0.44% | 108,619 | $-204,950 | Down ×2 | ||
| CAH Cardinal Health, Inc. Common Stock | $5,560,963 | 0.42% | 23,409 | $-169,140 | Down ×6 | ||
| PLD Prologis, Inc. Common Stock | $5,393,406 | 0.41% | 39,813 | $161,016 | Up ×1 | ||
| WTW Willis Towers Watson Public Limited Company - Ordinary Shares | $5,321,792 | 0.40% | 20,361 | $-471,319 | Up ×2 | ||
| DIS Walt Disney Company (The) Common Stock | $5,220,014 | 0.39% | 54,234 | $13,190 | Up ×2 | ||
| CLX Clorox Company (The) Common Stock | $5,078,943 | 0.38% | 53,216 | $-806,402 | Down ×1 | ||
| NTRS Northern Trust Corporation - Common Stock | $5,050,205 | 0.38% | 29,051 | $1,289,283 | Up ×2 | ||
| KO Coca-Cola Company (The) Common Stock | $4,510,837 | 0.34% | 55,504 | $400,841 | Up ×2 | ||
| GE GE Aerospace Common Stock | $4,455,903 | 0.34% | 11,923 | $2,052,448 | Up ×3 | ||
| SLB SLB Limited Common Shares | $4,218,371 | 0.32% | 90,737 | $-945,219 | Down ×6 | ||
| ACN Accenture plc Class A Ordinary Shares (Ireland) | $4,060,726 | 0.31% | 32,632 | $-44,670 | Up ×2 | ||
| SPFI South Plains Financial, Inc. - Common Stock | $3,918,319 | 0.30% | 90,944 | Up ×1 | |||
| FSLR First Solar, Inc. - Common Stock | $3,878,003 | 0.29% | 16,435 | $1,098,018 | Up ×2 | ||
| MELI MercadoLibre, Inc. - Common Stock | $3,732,561 | 0.28% | 2,199 | $-847,613 | Down ×1 | ||
| CFR Cullen/Frost Bankers, Inc. Common Stock | $3,716,444 | 0.28% | 24,052 | $405,366 | Down ×3 | ||
| TJX TJX Companies, Inc. (The) Common Stock | $3,555,722 | 0.27% | 23,470 | $238,665 | Up ×1 | ||
| D Dominion Energy, Inc. Common Stock | $3,531,003 | 0.27% | 51,706 | $973,552 | Up ×2 | ||
| SKWD Skyward Specialty Insurance Group, Inc. - Common Stock | $3,199,331 | 0.24% | 54,830 | $882,893 | Up ×1 | ||
| V Visa Inc. | $3,145,146 | 0.24% | 9,167 | $367,121 | Down ×2 | ||
| BRKA | $2,995,400 | 0.23% | 4 | $122,840 | |||
| MRK Merck & Company, Inc. Common Stock (new) | $2,916,950 | 0.22% | 22,700 | $101,919 | Down ×1 | ||
| BHP BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) | $2,895,574 | 0.22% | 34,757 | $300,602 | Down ×6 | ||
| T AT&T Inc. | $2,817,227 | 0.21% | 136,098 | $-1,838,836 | Down ×6 | ||
| MHD Blackrock MuniHoldings Fund, Inc. Common Stock | $2,816,064 | 0.21% | 236,644 | $146,720 | |||
| RTX RTX Corporation Common Stock | $2,812,978 | 0.21% | 14,826 | $-46,901 | |||
| CTAS Cintas Corporation - Common Stock | $2,806,608 | 0.21% | 16,502 | $-141,010 | Down ×6 | ||
| CRM Salesforce, Inc. Common Stock | $2,783,733 | 0.21% | 17,769 | $-1,512,031 | Down ×3 | ||
| EPD Enterprise Products Partners L.P. Common Stock | $2,659,032 | 0.20% | 72,335 | $-164,044 | Down ×2 | ||
| HD Home Depot, Inc. (The) Common Stock | $2,626,692 | 0.20% | 7,448 | $24,479 | Down ×2 | ||
| SCHB | $2,606,117 | 0.20% | 89,990 | $430,227 | Up ×2 | ||
| KVUE Kenvue Inc. Common Stock | $2,568,480 | 0.19% | 134,405 | $251,338 | |||
| ADP Automatic Data Processing, Inc. - Common Stock | $2,553,375 | 0.19% | 11,402 | $237,098 | Up ×1 | ||
| LMT Lockheed Martin Corporation Common Stock | $2,537,196 | 0.19% | 4,980 | $-418,336 | Up ×1 | ||
| GD General Dynamics Corporation Common Stock | $2,531,753 | 0.19% | 7,147 | $78,760 | |||
| HSY The Hershey Company Common Stock | $2,483,573 | 0.19% | 14,155 | $-459,194 | |||
| PM Philip Morris International Inc Common Stock | $2,265,927 | 0.17% | 12,525 | $125,097 | Down ×2 | ||
| LAZ Lazard, Inc. Common Stock | $2,199,411 | 0.17% | 52,442 | $-127,477 | Down ×4 | ||
| EOG EOG Resources, Inc. Common Stock | $2,181,240 | 0.16% | 16,814 | $-465,949 | Down ×6 | ||
| Unknown issuer (CUSIP: 884903881) | $2,115,743 | 0.16% | 25,906 | Up ×1 | |||
| UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) | $1,962,978 | 0.15% | 32,651 | $102,851 | |||
| VRSK Verisk Analytics, Inc. - Common Stock | $1,951,116 | 0.15% | 10,868 | $-1,610,557 | Down ×1 | ||
| BFB | $1,898,786 | 0.14% | 71,249 | $14,962 | |||
| ADBE Adobe Inc. - Common Stock | $1,835,954 | 0.14% | 8,955 | $-1,200,844 | Down ×3 | ||
| NOW ServiceNow, Inc. Common Stock | $1,823,476 | 0.14% | 18,367 | $514,301 | Up ×1 | ||
| QSR Restaurant Brands International Inc. Common Shares | $1,814,925 | 0.14% | 25,030 | $-34,792 | |||
| FLOT | $1,768,984 | 0.13% | 34,652 | $32,969 | Up ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| AMZN | $56,207,975 | 4.24% | up ×6 |
| NVDA | $35,716,216 | 2.69% | up ×6 |
| CB | $34,414,309 | 2.60% | up ×6 |
| BRKB | $30,560,318 | 2.30% | up ×4 |
| BN | $30,178,033 | 2.28% | up ×3 |
| ASML | $28,226,175 | 2.13% | up ×6 |
| LLY | $26,136,828 | 1.97% | up ×6 |
| BKNG | $24,909,154 | 1.88% | up ×6 |
| TSM | $23,512,226 | 1.77% | up ×6 |
| MA | $20,745,513 | 1.56% | up ×6 |
| EQT | $20,655,332 | 1.56% | up ×5 |
| MCD | $19,145,106 | 1.44% | up ×3 |
| CVS | $11,418,174 | 0.86% | up ×6 |
| NFLX | $10,813,620 | 0.82% | up ×3 |
| PAYX | $10,724,099 | 0.81% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| SPFI | $3,918,319 | 90,944 | 0.30% |
| Unknown issuer (CUSIP: 884903881) | $2,115,743 | 25,906 | 0.16% |
| Unknown issuer (CUSIP: 314352105) | $892,939 | 5,914 | 0.07% |
| INTC | $439,355 | 3,147 | 0.03% |
| AMD | $364,231 | 627 | 0.03% |
| JEPQ | $287,429 | 4,677 | 0.02% |
| PANW | $285,775 | 838 | 0.02% |
| QQQ | $258,791 | 351 | 0.02% |
| Unknown issuer (CUSIP: 811927102) | $250,605 | 9,736 | 0.02% |
| CRWD | $221,311 | 290 | 0.02% |
| SPG | $201,285 | 900 | 0.02% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| AMAT | Trimmed | -6K | +$21.3M |
| GOOG | Trimmed | -10K | +$12.8M |
| CAT | Trimmed | -5K | +$10.7M |
| ASML | Bought more | +677 | +$10.4M |
| TSM | Bought more | +8K | +$9.5M |
| FTNT | Trimmed | -3K | +$9.4M |
| LLY | Bought more | +2K | +$7.6M |
| AMZN | Bought more | +2K | +$7.5M |
| NVDA | Bought more | +7K | +$5.8M |
| AAPL | Bought more | +852 | +$5.2M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| ZTS | Dec. 31, 2025 | 18,704 | $2,736,733 | -39.8% |
| TRI | June 30, 2026 | 26,314 | $2,367,734 | 30.7% |
| ULXXXX | March 31, 2026 | 32,651 | $2,135,375 | No longer tracked |
| BFK | March 31, 2026 | 179,326 | $1,798,642 | No longer tracked |
| GPN | Dec. 31, 2025 | 16,152 | $1,341,907 | 19.6% |
| MKTX | Sept. 30, 2025 | 5,500 | $1,228,370 | -7.2% |
| GSK | March 31, 2025 | 30,875 | $1,044,193 | 35.4% |
| BLE | March 31, 2026 | 95,038 | $992,194 | No longer tracked |
| GIS | March 31, 2025 | 14,815 | $944,753 | -33.4% |
| NBH | June 30, 2025 | 74,205 | $771,729 | No longer tracked |
| DOW | Sept. 30, 2025 | 27,148 | $718,884 | 42.5% |
| BA | March 31, 2025 | 3,875 | $685,875 | 28.6% |
| MVT | March 31, 2026 | 56,714 | $613,083 | No longer tracked |
| BKN | March 31, 2026 | 40,709 | $455,943 | No longer tracked |
| NVT | March 31, 2025 | 6,534 | $445,357 | 195.4% |
| OXY | June 30, 2025 | 8,100 | $399,816 | 47.2% |
| QQQ | Dec. 31, 2025 | 583 | $349,910 | |
| IBTX | March 31, 2025 | 5,095 | $309,086 | No longer tracked |
| EMR | Dec. 31, 2025 | 2,350 | $308,273 | 17.1% |
| THO | March 31, 2025 | 2,975 | $284,726 | 3.1% |
| CADE | March 31, 2026 | 6,540 | $280,174 | No longer tracked |
| MRVL | June 30, 2026 | 2,810 | $278,331 | -18.3% |
| SSBXXXX | Sept. 30, 2025 | 3,000 | $276,090 | No longer tracked |
| SA | June 30, 2026 | 9,736 | $275,918 | 30.1% |
| ENTG | March 31, 2026 | 3,160 | $266,259 | 21.7% |
| MRVL | March 31, 2025 | 2,400 | $265,080 | 295.1% |
| BX | March 31, 2026 | 1,635 | $251,967 | 24.5% |
| VGT | March 31, 2025 | 404 | $251,214 | No longer tracked |
| CRK | Sept. 30, 2025 | 9,000 | $249,030 | -29.9% |
| STZ | March 31, 2026 | 1,789 | $246,770 | -11.8% |
| CRK | March 31, 2025 | 13,000 | $236,860 | -31.6% |
| CBZ | March 31, 2025 | 2,871 | $234,934 | -27.6% |
| BRO | Dec. 31, 2025 | 2,458 | $230,564 | -9.7% |
| TRGP | June 30, 2025 | 1,133 | $227,133 | 73.8% |
| CADE | March 31, 2025 | 6,540 | $225,303 | No longer tracked |
| ARLP | June 30, 2026 | 8,000 | $221,200 | 9.8% |
| VIG | Dec. 31, 2025 | 1,011 | $218,262 | No longer tracked |
| CRWD | Dec. 31, 2025 | 443 | $217,238 | -57.8% |
| PANW | Sept. 30, 2025 | 1,060 | $216,918 | 74.7% |
| AR | June 30, 2026 | 5,000 | $212,200 | 7.8% |
| VZ | Dec. 31, 2025 | 4,800 | $210,960 | 21.3% |
| SWKS | March 31, 2025 | 2,363 | $209,545 | 7.7% |
| SCCO | June 30, 2025 | 2,238 | $209,163 | 96.1% |
| CP | Dec. 31, 2025 | 2,770 | $206,337 | 28.6% |
| VZ | June 30, 2026 | 4,100 | $205,820 | 16.7% |
| ICE | Sept. 30, 2025 | 1,120 | $205,486 | -6.4% |
| BAC | Sept. 30, 2025 | 4,287 | $202,868 | 21.9% |
| ARLP | Dec. 31, 2025 | 8,000 | $202,280 | 13.4% |
| SBUX | March 31, 2026 | 2,393 | $201,477 | 17.6% |
| AR | Sept. 30, 2025 | 5,000 | $201,400 | 12.9% |
| IESC | March 31, 2025 | 1,000 | $200,960 | 316.7% |
| ARCC | June 30, 2026 | 10,206 | $183,909 | 7.3% |
| IIM | Sept. 30, 2025 | 13,539 | $157,593 | 0.1% |
| KGEI | March 31, 2026 | 11,000 | $43,230 | 11.7% |