Narwhal Capital Management historic quarter change: USA ETF, Sold out
In exchange-traded fund shares (known by the fund name on the filing) (listed in the US), over 23 quarters from 2013-06-30 to 2026-06-30, Narwhal Capital Management opened 102 positions, added to 206, reduced 191 and sold out of 98.
- Q2 2026: Stock BTT; Country of operation —; Class COM SHS BEN IN; Shares before 357,067.
- Q2 2026: Stock XLK; Country of operation —; Class STATE STREET TEC; Shares before 42,000.
- Q2 2026: Stock MTBA; Country of operation —; Class MBS ETF; Shares before 62,064.
- Q2 2026: Stock SDY; Country of operation —; Class STATE STREET SPD; Shares before 20,989.
Each consecutive pair of Form 13F-HR filings compared (SEC CIK 1461287), 23 quarters: Q2 2026 (2026-03-31 to 2026-06-30, filed 2026-07-24); Q1 2026 (2025-12-31 to 2026-03-31, filed 2026-04-24); Q4 2025 (2025-09-30 to 2025-12-31, filed 2026-01-30); Q3 2025 (2025-06-30 to 2025-09-30, filed 2025-10-24); Q2 2025 (2025-03-31 to 2025-06-30, filed 2025-07-23); Q1 2025 (2024-12-31 to 2025-03-31, filed 2025-04-23); Q4 2024 (2024-09-30 to 2024-12-31, filed 2025-01-22); Q3 2024 (2024-06-30 to 2024-09-30, filed 2024-10-22); Q2 2024 (2024-03-31 to 2024-06-30, filed 2024-08-05); Q1 2024 (2023-12-31 to 2024-03-31, filed 2024-04-26); Q3 2016 (2016-06-30 to 2016-09-30, filed 2016-10-31); Q2 2016 (2016-03-31 to 2016-06-30, filed 2016-07-26); Q1 2016 (2015-12-31 to 2016-03-31, filed 2016-04-20); Q4 2015 (2015-09-30 to 2015-12-31, filed 2016-01-15); Q3 2015 (2015-06-30 to 2015-09-30, filed 2015-10-16); Q2 2015 (2015-03-31 to 2015-06-30, filed 2015-07-29); Q1 2015 (2014-12-31 to 2015-03-31, filed 2015-04-28); Q4 2014 (2014-09-30 to 2014-12-31, filed 2015-02-06); Q3 2014 (2014-06-30 to 2014-09-30, filed 2014-11-12); Q2 2014 (2014-03-31 to 2014-06-30, filed 2014-07-29); Q1 2014 (2013-12-31 to 2014-03-31, filed 2014-04-24); Q4 2013 (2013-09-30 to 2013-12-31, filed 2014-02-04); Q3 2013 (2013-06-30 to 2013-09-30, filed 2013-11-01). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move. Only the filings held here are compared; the firm's 13F-HR filings go back to the quarter ended 2009-03-31. Not compared, as a quarter between them is not held here yet: 2016-09-30 to 2023-12-31 (missing 2016-12-31, 2017-03-31, 2017-06-30, 2017-09-30, 2017-12-31, 2018-03-31, 2018-06-30, 2018-09-30, 2018-12-31, 2019-03-31, 2019-06-30, 2019-09-30, 2019-12-31, 2020-03-31, 2020-06-30, 2020-09-30, 2020-12-31, 2021-03-31, 2021-06-30, 2021-09-30, 2021-12-31, 2022-03-31, 2022-06-30, 2022-09-30, 2022-12-31, 2023-03-31, 2023-06-30, 2023-09-30).
| Quarter | Stock | Country of operation | Class | Shares before | Shares after | Share change | Value before | Value after | Value change | Filed |
|---|
| Q2 2026 | BTT
BLACKROCK MUN TARGET TERM TR | | COM SHS BEN IN | 357,067 | 0 | -357,067 | $8,105,429 | $0 | -$8,105,429 | 2026-07-24 |
|---|
| Q2 2026 | XLK
SELECT SECTOR SPDR TR | | STATE STREET TEC | 42,000 | 0 | -42,000 | $5,581,800 | $0 | -$5,581,800 | 2026-07-24 |
|---|
| Q2 2026 | MTBA
SIMPLIFY EXCHANGE TRADED FUN | | MBS ETF | 62,064 | 0 | -62,064 | $3,069,680 | $0 | -$3,069,680 | 2026-07-24 |
|---|
| Q2 2026 | SDY
SPDR SERIES TRUST | | STATE STREET SPD | 20,989 | 0 | -20,989 | $3,063,135 | $0 | -$3,063,135 | 2026-07-24 |
|---|
| Q2 2026 | FTHY
FIRST TR HIGH YIELD OPPRT 20 | | COM | 196,865 | 0 | -196,865 | $2,663,586 | $0 | -$2,663,586 | 2026-07-24 |
|---|
| Q2 2026 | MGOV
FIRST TR EXCHANGE-TRADED FD | | INTERMEDIATE GOV | 58,576 | 0 | -58,576 | $1,187,770 | $0 | -$1,187,770 | 2026-07-24 |
|---|
| Q2 2026 | XLU
SELECT SECTOR SPDR TR | | STATE STREET UTI | 22,360 | 0 | -22,360 | $1,026,100 | $0 | -$1,026,100 | 2026-07-24 |
|---|
| Q2 2026 | CLOI
VANECK ETF TRUST | | CLO ETF | 18,181 | 0 | -18,181 | $958,139 | $0 | -$958,139 | 2026-07-24 |
|---|
| Q2 2026 | XLV
SELECT SECTOR SPDR TR | | STATE STREET HEA | 5,805 | 0 | -5,805 | $851,071 | $0 | -$851,071 | 2026-07-24 |
|---|
| Q2 2026 | XLE
SELECT SECTOR SPDR TR | | STATE STREET ENE | 11,678 | 0 | -11,678 | $715,394 | $0 | -$715,394 | 2026-07-24 |
|---|
| Q2 2026 | XLP
SELECT SECTOR SPDR TR | | STATE STREET CON | 7,580 | 0 | -7,580 | $621,408 | $0 | -$621,408 | 2026-07-24 |
|---|
| Q2 2026 | MMIN
NEW YORK LIFE INVTS ACTIVE E | | NYLI MACKAY MUNI | 19,660 | 0 | -19,660 | $466,139 | $0 | -$466,139 | 2026-07-24 |
|---|
| Q2 2026 | VGLT
VANGUARD SCOTTSDALE FDS | | LONG TERM TREAS | 8,235 | 0 | -8,235 | $455,826 | $0 | -$455,826 | 2026-07-24 |
|---|
| Q2 2026 | LMBS
FIRST TR EXCHANGE-TRADED FD | | FST LOW OPPT EFT | 8,753 | 0 | -8,753 | $435,987 | $0 | -$435,987 | 2026-07-24 |
|---|
| Q2 2026 | BMN
BLACKROCK 2037 MUNICIPAL TAR | | COM | 15,265 | 0 | -15,265 | $395,974 | $0 | -$395,974 | 2026-07-24 |
|---|
| Q2 2026 | SGOV
ISHARES TR | | 0-3 MNTH TREASRY | 3,250 | 0 | -3,250 | $327,192 | $0 | -$327,192 | 2026-07-24 |
|---|
| Q2 2026 | XLI
SELECT SECTOR SPDR TR | | STATE STREET IND | 1,925 | 0 | -1,925 | $311,330 | $0 | -$311,330 | 2026-07-24 |
|---|
| Q2 2026 | SPTS
SPDR SERIES TRUST | | STATE STREET SPD | 10,399 | 0 | -10,399 | $303,443 | $0 | -$303,443 | 2026-07-24 |
|---|
| Q2 2026 | AOR
ISHARES TR | | CORE 60/40 BALAN | 4,200 | 0 | -4,200 | $270,270 | $0 | -$270,270 | 2026-07-24 |
|---|
| Q2 2026 | XLF
SELECT SECTOR SPDR TR | | STATE STREET FIN | 5,250 | 0 | -5,250 | $259,193 | $0 | -$259,193 | 2026-07-24 |
|---|
| Q2 2026 | SPSB
SPDR SERIES TRUST | | STATE STREET SPD | 7,660 | 0 | -7,660 | $230,339 | $0 | -$230,339 | 2026-07-24 |
|---|
| Q2 2026 | NUV
NUVEEN MUN VALUE FD INC | | COM | 17,987 | 0 | -17,987 | $161,703 | $0 | -$161,703 | 2026-07-24 |
|---|
| Q2 2026 | FMY
FIRST TR MTG INCOME FD | | COM SHS | 13,354 | 0 | -13,354 | $157,177 | $0 | -$157,177 | 2026-07-24 |
|---|
| Q4 2025 | XLK
SELECT SECTOR SPDR TR | | TECHNOLOGY | 21,000 | 0 | -21,000 | $5,919,060 | $0 | -$5,919,060 | 2026-01-30 |
|---|
| Q4 2025 | SDY
SPDR SERIES TRUST | | S&P DIVID ETF | 20,989 | 0 | -20,989 | $2,939,509 | $0 | -$2,939,509 | 2026-01-30 |
|---|
| Q4 2025 | XLU
SELECT SECTOR SPDR TR | | SBI INT-UTILS | 11,155 | 0 | -11,155 | $972,828 | $0 | -$972,828 | 2026-01-30 |
|---|
| Q4 2025 | XLV
SELECT SECTOR SPDR TR | | SBI HEALTHCARE | 5,880 | 0 | -5,880 | $818,320 | $0 | -$818,320 | 2026-01-30 |
|---|
| Q4 2025 | XLP
SELECT SECTOR SPDR TR | | SBI CONS STPLS | 8,385 | 0 | -8,385 | $657,132 | $0 | -$657,132 | 2026-01-30 |
|---|
| Q4 2025 | XLE
SELECT SECTOR SPDR TR | | ENERGY | 5,841 | 0 | -5,841 | $521,821 | $0 | -$521,821 | 2026-01-30 |
|---|
| Q4 2025 | IBIT
ISHARES BITCOIN TRUST ETF | | SHS BEN INT | 5,171 | 0 | -5,171 | $336,115 | $0 | -$336,115 | 2026-01-30 |
|---|
| Q4 2025 | XLI
SELECT SECTOR SPDR TR | | INDL | 1,925 | 0 | -1,925 | $296,893 | $0 | -$296,893 | 2026-01-30 |
|---|
| Q4 2025 | XLF
SELECT SECTOR SPDR TR | | FINANCIAL | 5,250 | 0 | -5,250 | $282,818 | $0 | -$282,818 | 2026-01-30 |
|---|
| Q4 2025 | SPSB
SPDR SERIES TRUST | | PORTFOLIO SHORT | 9,325 | 0 | -9,325 | $282,457 | $0 | -$282,457 | 2026-01-30 |
|---|
| Q4 2025 | FMY
FIRST TR MTG INCOME FD | | COM SHS | 13,170 | 0 | -13,170 | $161,298 | $0 | -$161,298 | 2026-01-30 |
|---|
| Q3 2025 | VGLT
VANGUARD SCOTTSDALE FDS | | LONG TERM TREAS | 4,560 | 0 | -4,560 | $255,907 | $0 | -$255,907 | 2025-10-24 |
|---|
| Q2 2025 | TDV
PROSHARES TR | | S&P TECH DIVIDEN | 6,390 | 0 | -6,390 | $465,512 | $0 | -$465,512 | 2025-07-23 |
|---|
| Q2 2025 | CALF
PACER FDS TR | | US SMALL CAP CAS | 10,000 | 0 | -10,000 | $375,000 | $0 | -$375,000 | 2025-07-23 |
|---|
| Q2 2025 | NOBL
PROSHARES TR | | S&P 500 DV ARIST | 3,500 | 0 | -3,500 | $357,630 | $0 | -$357,630 | 2025-07-23 |
|---|
| Q2 2025 | VWO
VANGUARD INTL EQUITY INDEX F | | FTSE EMR MKT ETF | 7,190 | 0 | -7,190 | $325,419 | $0 | -$325,419 | 2025-07-23 |
|---|
| Q2 2025 | VCLT
VANGUARD SCOTTSDALE FDS | | LG-TERM COR BD | 2,742 | 0 | -2,742 | $208,158 | $0 | -$208,158 | 2025-07-23 |
|---|
| Q1 2025 | CALF
PACER FDS TR | | PACER US SMALL | 10,000 | 0 | -10,000 | $440,100 | $0 | -$440,100 | 2025-04-23 |
|---|
| Q1 2025 | AOR
ISHARES TR | | GRWT ALLOCAT ETF | 4,200 | 0 | -4,200 | $240,744 | $0 | -$240,744 | 2025-04-23 |
|---|
| Q4 2024 | VOO
VANGUARD INDEX FDS | | S&P 500 ETF SHS | 3,428 | 0 | -3,428 | $1,808,853 | $0 | -$1,808,853 | 2025-01-22 |
|---|
| Q4 2024 | IEMG
ISHARES INC | | CORE MSCI EMKT | 7,000 | 0 | -7,000 | $401,870 | $0 | -$401,870 | 2025-01-22 |
|---|
| Q3 2024 | VTI
VANGUARD INDEX FDS | | TOTAL STK MKT | 1,061 | 0 | -1,061 | $283,828 | $0 | -$283,828 | 2024-10-22 |
|---|
| Q3 2024 | SPYM
SPDR SER TR | United States | PORTFOLIO S&P500 | 14 | 0 | -14 | $896 | $0 | -$896 | 2024-10-22 |
|---|
| Q2 2024 | NUV
NUVEEN MUN VALUE FD INC | | COM | 13,350 | 0 | -13,350 | $116,279 | $0 | -$116,279 | 2024-08-05 |
|---|
| Q1 2024 | NRK
NUVEEN NEW YORK AMT QLT MUNI | | COM | 70,830 | 0 | -70,830 | $745,840 | $0 | -$745,840 | 2024-04-26 |
|---|
| Q1 2024 | NZF
NUVEEN MUNICIPAL CREDIT INC | | COM SH BEN INT | 27,672 | 0 | -27,672 | $327,084 | $0 | -$327,084 | 2024-04-26 |
|---|
| Q1 2024 | IJS
ISHARES TR | | SP SMCP600VL ETF | 2,914 | 0 | -2,914 | $300,337 | $0 | -$300,337 | 2024-04-26 |
|---|
| Q1 2024 | SBI
WESTERN ASSET INTER MUNI FD | | COM | 10,661 | 0 | -10,661 | $82,088 | $0 | -$82,088 | 2024-04-26 |
|---|
| Q1 2016 | IWF
ISHARES TR | | RUS 1000 GRW ET | 19,950 | 0 | -19,950 | $1,985,000 | $0 | -$1,985,000 | 2016-04-20 |
|---|
| Q1 2016 | IJR
ISHARES TR | | CORE S&P SCP ET | 12,759 | 0 | -12,759 | $1,405,000 | $0 | -$1,405,000 | 2016-04-20 |
|---|
| Q1 2016 | DVY
ISHARES TR | | SELECT DIVID ET | 9,110 | 0 | -9,110 | $685,000 | $0 | -$685,000 | 2016-04-20 |
|---|
| Q1 2016 | EEM
ISHARES TR | | MSCI EMG MKT ET | 19,429 | 0 | -19,429 | $625,000 | $0 | -$625,000 | 2016-04-20 |
|---|
| Q1 2016 | ITA
ISHARES TR | | U.S. AER&DEF ET | 5,000 | 0 | -5,000 | $591,000 | $0 | -$591,000 | 2016-04-20 |
|---|
| Q1 2016 | IYR
ISHARES TR | | U.S. REAL ES ET | 5,000 | 0 | -5,000 | $375,000 | $0 | -$375,000 | 2016-04-20 |
|---|
| Q1 2016 | VWO
VANGUARD INTL EQUITY INDEX F | | FTSE EMR MKT ET | 11,145 | 0 | -11,145 | $365,000 | $0 | -$365,000 | 2016-04-20 |
|---|
| Q1 2016 | ISHARES
CUSIP 464286145 | | MSCI FRNTR100ET | 13,100 | 0 | -13,100 | $326,000 | $0 | -$326,000 | 2016-04-20 |
|---|
| Q1 2016 | LQD
ISHARES TR | | IBOXX INV CP ET | 2,440 | 0 | -2,440 | $278,000 | $0 | -$278,000 | 2016-04-20 |
|---|
| Q1 2016 | IDU
ISHARES TR | | U.S. UTILITS ET | 2,100 | 0 | -2,100 | $227,000 | $0 | -$227,000 | 2016-04-20 |
|---|
| Q4 2015 | IWF
ISHARES TR | | RUS 1000 GRW ETF | 19,950 | 0 | -19,950 | $1,855,000 | $0 | -$1,855,000 | 2016-01-15 |
|---|
| Q4 2015 | IJR
ISHARES TR | | CORE S&P SCP ETF | 12,479 | 0 | -12,479 | $1,330,000 | $0 | -$1,330,000 | 2016-01-15 |
|---|
| Q4 2015 | IDV
ISHARES TR | | INTL SEL DIV ETF | 28,256 | 0 | -28,256 | $795,000 | $0 | -$795,000 | 2016-01-15 |
|---|
| Q4 2015 | DVY
ISHARES TR | | SELECT DIVID ETF | 9,110 | 0 | -9,110 | $663,000 | $0 | -$663,000 | 2016-01-15 |
|---|
| Q4 2015 | ITA
ISHARES TR | | U.S. AER&DEF ETF | 5,000 | 0 | -5,000 | $545,000 | $0 | -$545,000 | 2016-01-15 |
|---|
| Q4 2015 | VWO
VANGUARD INTL EQUITY INDEX F | | FTSE EMR MKT ETF | 12,945 | 0 | -12,945 | $428,000 | $0 | -$428,000 | 2016-01-15 |
|---|
| Q4 2015 | IYR
ISHARES TR | | U.S. REAL ES ETF | 5,000 | 0 | -5,000 | $355,000 | $0 | -$355,000 | 2016-01-15 |
|---|
| Q4 2015 | ISHARES
CUSIP 464286145 | | MSCI FRNTR100ETF | 13,100 | 0 | -13,100 | $329,000 | $0 | -$329,000 | 2016-01-15 |
|---|
| Q4 2015 | ISHARES INC
CUSIP 46434G806 | | MSCI RUSSIA CAP | 26,449 | 0 | -26,449 | $321,000 | $0 | -$321,000 | 2016-01-15 |
|---|
| Q4 2015 | IDU
ISHARES TR | | U.S. UTILITS ETF | 2,100 | 0 | -2,100 | $227,000 | $0 | -$227,000 | 2016-01-15 |
|---|
| Q3 2015 | LQD
ISHARES TR | | IBOXX INV CP ETF | 2,295 | 0 | -2,295 | $266,000 | $0 | -$266,000 | 2015-10-16 |
|---|
| Q2 2015 | RYDEX ETF TRUST
CUSIP 78355W106 | | GUG S&P500 EQ WT | 3,000 | 0 | -3,000 | $243,000 | $0 | -$243,000 | 2015-07-29 |
|---|
| Q1 2015 | EWY
ISHARES | | MSCI STH KOR ETF | 15,746 | 0 | -15,746 | $871,000 | $0 | -$871,000 | 2015-04-28 |
|---|
| Q1 2015 | ISHARES
CUSIP 464286384 | | MSCI EM EMEA ETF | 6,300 | 0 | -6,300 | $268,000 | $0 | -$268,000 | 2015-04-28 |
|---|
| Q4 2014 | ISHARES TR
CUSIP 46429B705 | | MSCI RUSSIA CAP | 41,649 | 0 | -41,649 | $719,000 | $0 | -$719,000 | 2015-02-06 |
|---|
| Q4 2014 | EEM
ISHARES TR | | MSCI EMG MKT ETF | 15,451 | 0 | -15,451 | $642,000 | $0 | -$642,000 | 2015-02-06 |
|---|
| Q4 2014 | IWR
ISHARES TR | | RUS MID-CAP ETF | 1,600 | 0 | -1,600 | $253,000 | $0 | -$253,000 | 2015-02-06 |
|---|
| Q4 2014 | IOO
ISHARES TR | | GLOBAL 100 ETF | 3,100 | 0 | -3,100 | $240,000 | $0 | -$240,000 | 2015-02-06 |
|---|
| Q4 2014 | SPY
SPDR S&P 500 ETF TR | | TR UNIT | 1,217 | 0 | -1,217 | $240,000 | $0 | -$240,000 | 2015-02-06 |
|---|
| Q3 2014 | ISHARES
CUSIP 464286848 | | MSCI JAPAN ETF | 92,205 | 0 | -92,205 | $1,110,000 | $0 | -$1,110,000 | 2014-11-12 |
|---|
| Q3 2014 | POWERSHARES ETF TRUST II
CUSIP 73936Q769 | | SENIOR LN PORT | 32,300 | 0 | -32,300 | $803,000 | $0 | -$803,000 | 2014-11-12 |
|---|
| Q3 2014 | EZU
ISHARES | | EMU ETF | 9,300 | 0 | -9,300 | $394,000 | $0 | -$394,000 | 2014-11-12 |
|---|
| Q4 2013 | IYF
ISHARES | | U.S. FINLS ETF | 13,300 | 0 | -13,300 | $975,000 | $0 | -$975,000 | 2014-02-04 |
|---|
| Q4 2013 | SUB
ISHARES | | SHT NTLAMTFR ETF | 4,000 | 0 | -4,000 | $425,000 | $0 | -$425,000 | 2014-02-04 |
|---|
| Q4 2013 | IJJ
ISHARES | | S&P MC 400VL ETF | 2,200 | 0 | -2,200 | $238,000 | $0 | -$238,000 | 2014-02-04 |
|---|
| Q3 2013 | IDV
ISHARES TR | | DJ INTL SEL DIVD | 34,820 | 0 | -34,820 | $1,108,000 | $0 | -$1,108,000 | 2013-11-01 |
|---|
| Q3 2013 | IYF
ISHARES TR | | DJ US FINL SEC | 13,300 | 0 | -13,300 | $951,000 | $0 | -$951,000 | 2013-11-01 |
|---|
| Q3 2013 | SUB
ISHARES TR | | S&P SH NTL AMTFR | 9,000 | 0 | -9,000 | $948,000 | $0 | -$948,000 | 2013-11-01 |
|---|
| Q3 2013 | IWF
ISHARES TR | | RUSSELL1000GRW | 10,600 | 0 | -10,600 | $771,000 | $0 | -$771,000 | 2013-11-01 |
|---|
| Q3 2013 | ITA
ISHARES TR | | DJ AEROSPACE | 6,650 | 0 | -6,650 | $542,000 | $0 | -$542,000 | 2013-11-01 |
|---|
| Q3 2013 | DVY
ISHARES TR | | DJ SEL DIV INX | 5,500 | 0 | -5,500 | $352,000 | $0 | -$352,000 | 2013-11-01 |
|---|
| Q3 2013 | ISHARES INC
CUSIP 464286384 | | MSCI EMRG EMEA | 7,300 | 0 | -7,300 | $344,000 | $0 | -$344,000 | 2013-11-01 |
|---|
| Q3 2013 | IWR
ISHARES TR | | RUSSELL MIDCAP | 2,025 | 0 | -2,025 | $263,000 | $0 | -$263,000 | 2013-11-01 |
|---|
| Q3 2013 | IJJ
ISHARES TR | | S&P MIDCP VALU | 2,200 | 0 | -2,200 | $223,000 | $0 | -$223,000 | 2013-11-01 |
|---|
| Q3 2013 | IYR
ISHARES TR | | DJ US REAL EST | 3,200 | 0 | -3,200 | $213,000 | $0 | -$213,000 | 2013-11-01 |
|---|
| Q3 2013 | IDU
ISHARES TR | | DJ US UTILS | 2,150 | 0 | -2,150 | $203,000 | $0 | -$203,000 | 2013-11-01 |
|---|
| Q3 2013 | ISHARES INC
CUSIP 464286848 | | MSCI JAPAN | 16,000 | 0 | -16,000 | $180,000 | $0 | -$180,000 | 2013-11-01 |
|---|