Callahan Advisors, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 24, 2024), Callahan Advisors, LLC reported 144 stock positions worth $953.5 million. Its top holding was Meta Platforms Class A (META) at 6.1% of the portfolio, followed by Microsoft (MSFT, 5.1%) and Alphabet Class C (GOOG, 4.0%). Compared with Q4 2023, it opened 6 new positions, sold out of 3, added to 62 and reduced 56. The biggest buy was Nvidia (NVDA, shares +22%) and the biggest sale Apple (AAPL, shares −7%).

Most Recent 13F
Q2 2026
Location
Houston, TX
CIK
0001395055
Portfolio Value
$953.5M (Q1 2024)
SEC Filing
0001140361-24-021619 ↗ filed Apr 24, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $953.5M $953.5M Q1 2024 Q2 2024: $961.8M Q2 2024 Q3 2024: $1.0B Q3 2024 Q4 2024: $1.1B Q4 2024 Q1 2025: $1.0B Q1 2025 Q2 2025: $1.1B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 144 stocks · $953.5M
META Meta Platforms Inc. Class A 6.10% 119,807 $58.2M Reduce -4.3%
MSFT Microsoft Corp. 5.13% 116,164 $48.9M Reduce -0.6%
GOOG Alphabet Inc. Class C 3.98% 249,412 $38.0M Reduce -0.1%
AMZN Amazon.com Inc. 3.80% 200,922 $36.2M Add +1.3%
AAPL Apple Inc. 2.98% 165,617 $28.4M Reduce -6.6%
JPM JPMorgan Chase & Co. 2.81% 133,945 $26.8M Reduce -3.6%
BRK.B Berkshire Hathaway Inc. Class B 2.75% 62,447 $26.3M Reduce -0.2%
CB Chubb Ltd. 2.52% 92,863 $24.1M Add +2.9%
UNH Unitedhealth Group Inc. 2.29% 44,152 $21.8M Add +0.3%
CAT Caterpillar Inc. 2.22% 57,698 $21.1M Reduce -10.1%
FDX FedEx Corp. 2.12% 69,629 $20.2M Reduce -3.5%
BN Brookfield Corp. 2.10% 477,309 $20.0M Add +1.2%
LOW Lowe's Cos Inc. 2.00% 74,793 $19.1M Reduce -5.3%
SYK Stryker Corp. 1.98% 52,693 $18.9M Reduce -1.7%
JNJ Johnson & Johnson 1.96% 118,341 $18.7M Add +1.3%
AMAT Applied Materials Inc. 1.82% 84,351 $17.4M Reduce -15.0%
XOM Exxon Mobil Corp. 1.80% 147,810 $17.2M Reduce -2.6%
MCD McDonald's Corp. 1.72% 58,154 $16.4M Reduce -1.8%
CVX Chevron Corp. 1.72% 103,936 $16.4M Reduce -1.6%
PEP Pepsico Inc. 1.63% 88,847 $15.5M Add +2.4%
PG The Procter & Gamble Co. 1.58% 93,069 $15.1M Reduce -1.1%
EQT Eqt Corp. 1.47% 378,847 $14.0M Add +9.0%
NEE Nextera Energy Inc. 1.46% 217,749 $13.9M Add +15.5%
BKNG Booking Holdings Inc. 1.42% 3,744 $13.6M Add +6.8%
WMT Walmart Inc. 1.32% 209,746 $12.6M Add +0.3%
EOG EOG Resources Inc. 1.32% 98,703 $12.6M Add +8.9%
ACN Accenture PLC Class A 1.17% 32,273 $11.2M Reduce -0.3%
GPN Global Payments Inc. 1.16% 82,766 $11.1M Add +14.9%
EXP Eagle Materials Inc. 1.16% 40,579 $11.0M Add +3.8%
PAYX Paychex Inc. 1.15% 89,622 $11.0M Add +4.6%
MA Mastercard Inc. Class A 1.10% 21,815 $10.5M Add +20.3%
CNI Canadian Natl Railway Co. 1.06% 76,956 $10.1M Reduce -5.0%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.06% 183,645 $10.1M Add +9.0%
FTNT Fortinet Inc. 1.02% 142,723 $9.7M Add +13.6%
LLY Eli Lilly & Co. 0.99% 12,103 $9.4M Add +15.9%
CSCO Cisco Systems Inc. 0.97% 185,959 $9.3M Reduce -18.2%
KMI Kinder Morgan Inc. 0.94% 486,562 $8.9M Add +0.0%
STE Steris PLC 0.92% 38,864 $8.7M Reduce -1.6%
CTVA Corteva Inc. 0.91% 151,187 $8.7M Add +13.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.89% 69,712 $8.5M Add +1.3%
ABT Abbott Laboratories 0.88% 73,902 $8.4M Reduce -7.4%
PFE Pfizer Inc. 0.85% 291,237 $8.1M Add +35.6%
URI United Rentals Inc. 0.84% 11,141 $8.0M Reduce -17.3%
IQV Iqvia Holdings Inc. 0.84% 31,732 $8.0M Add +8.7%
CAH Cardinal Health Inc. 0.78% 66,719 $7.5M Reduce -0.2%
CRM Salesforce Inc. 0.74% 23,542 $7.1M Add +17.6%
CTAS Cintas Corp. 0.73% 10,082 $6.9M Reduce -3.0%
NKE Nike Inc. Class B 0.69% 69,772 $6.6M Reduce -3.1%
DHI D.R. Horton Inc. 0.68% 39,356 $6.5M Add +3.9%
ETN Eaton Corp. PLC 0.66% 20,074 $6.3M Add +4.0%
NVDA Nvidia Corp. 0.65% 6,889 $6.2M Add +22.2%
DEO Diageo PLC-Sponsored ADR 0.65% 41,411 $6.2M Reduce -13.1%
CVS CVS Health Corp. 0.60% 71,423 $5.7M Add +1.4%
CFR Cullen/Frost Bankers Inc. 0.55% 46,188 $5.2M Reduce -0.9%
PLD Prologis Inc. 0.54% 39,548 $5.1M Reduce -10.6%
T AT&T Inc. 0.47% 255,867 $4.5M Add +63.2%
DY Dycom Industries Inc. 0.46% 30,533 $4.4M Add +34.8%
STEL Stellar Bancorp Inc. 0.45% 177,052 $4.3M Reduce -0.9%
WELL Welltower Inc. 0.45% 45,982 $4.3M Reduce -2.6%
THOMSON REUTERS CORP 0.43% 26,314 $4.1M No change
AXP American Express Co. 0.43% 17,899 $4.1M Reduce -0.3%
MRK Merck & Co. Inc. 0.42% 30,588 $4.0M Add +0.0%
BHP BHP Group Ltd.-Spon ADR 0.41% 68,438 $3.9M Reduce -29.2%
DHR Danaher Corp. 0.37% 14,302 $3.6M Reduce -13.5%
WTW Willis Towers Watson PLC 0.36% 12,365 $3.4M Add +7.1%
WDAY Workday Inc. Class A 0.35% 12,219 $3.3M Add +9.8%
KO The Coca-Cola Co. 0.34% 53,080 $3.2M Reduce -0.3%
NOW ServiceNow Inc. 0.33% 4,127 $3.1M Add +0.7%
ENB Enbridge Inc. 0.30% 78,876 $2.9M Add +21.7%
GOOGL Alphabet Inc. Class A 0.30% 18,684 $2.8M Reduce -1.0%
ENTG Entegris Inc. 0.28% 18,800 $2.6M Reduce -5.2%
V Visa Inc. Class A 0.26% 8,876 $2.5M Add +0.9%
VRSK Verisk Analytics Inc. 0.26% 10,466 $2.5M Add +9.9%
DOW Dow Inc. 0.25% 40,934 $2.4M Reduce -3.7%
UL Unilever PLC 0.24% 46,203 $2.3M Reduce -5.0%
SWKS Skyworks Solutions Inc. 0.23% 20,168 $2.2M Reduce -3.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.22% 20,860 $2.1M Add +8.0%
PAYC Paycom Software Inc. 0.21% 10,270 $2.0M New
GD General Dynamics Corp. 0.21% 7,208 $2.0M No change
QSR Restaurant Brands Intern 0.21% 25,030 $2.0M No change
SKWD Skyward Specialty Insurance 0.20% 50,266 $1.9M New
SBUX Starbucks Corp. 0.19% 20,143 $1.8M Add +49.2%
HD Home Depot Inc. 0.17% 4,240 $1.6M Reduce -4.0%
FISV Fiserv Inc. 0.16% 9,485 $1.5M No change
NTRS Northern Trust Corp. 0.16% 16,751 $1.5M Add +24.1%
LAZ Lazard Inc. 0.15% 34,130 $1.4M New
RTX RTX Corp. 0.15% 14,521 $1.4M Add +0.0%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.14% 16,055 $1.4M No change
LMT Lockheed Martin Corp. 0.14% 2,998 $1.4M Add +10.1%
GSK GSK PLC-Spon ADR 0.14% 30,875 $1.3M No change
DLTR Dollar Tree Inc. 0.14% 9,685 $1.3M Reduce -35.2%
FE Firstenergy Corp. 0.13% 32,600 $1.3M No change
FANG Diamondback Energy Inc. 0.13% 6,317 $1.3M Add +0.1%
K Kellanova 0.13% 21,818 $1.2M Reduce -0.2%
COP Conocophillips 0.12% 8,661 $1.1M No change
ZTS Zoetis Inc. 0.11% 6,177 $1.0M Reduce -2.1%
GIS General Mills Inc. 0.11% 14,815 $1.0M No change
SCHB Schwab US Broad Market ETF 0.11% 16,569 $1.0M Add +1.5%
FRD Friedman Industries 0.10% 49,838 $934K Reduce -5.4%
FIS Fidelity National Info Serv 0.10% 12,500 $927K No change
ABBV Abbvie Inc. 0.09% 4,703 $856K Add +0.1%
FFIN First Finl Bankshares Inc. 0.09% 26,037 $854K No change
AVGO Broadcom Inc. 0.08% 602 $798K Add +10.7%
MAIN Main Street Capital Corp. 0.08% 15,229 $720K Add +3.1%
THO Thor Industries Inc. 0.07% 6,086 $714K Reduce -1.4%
BIP Brookfield Infrastructure Pa 0.07% 21,679 $677K Add +2.4%
RF Regions Financial Corp. 0.07% 31,700 $667K Reduce -3.1%
COST Costco Wholesale Corp. 0.07% 847 $621K Add +18.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 3,070 $586K Add +2.5%
PXD Pioneer Natural Resources Co. 0.06% 2,005 $526K Reduce -10.8%
EPD Enterprise Products Partners 0.05% 17,856 $521K Add +1.3%
PSX Phillips 66 0.05% 3,120 $510K Reduce -2.5%
FLOT iShares Floating Rate Bond E 0.05% 9,411 $481K New
SBOW Silverbow Resources Inc. 0.05% 13,700 $468K Add +7.9%
ASML ASML Holding NV-NY Reg SHS 0.05% 472 $458K Add +36.4%
WM Waste Management Inc. 0.04% 1,868 $398K Add +0.1%
IBOC International Bancshares CRP 0.04% 6,985 $392K No change
VZ Verizon Communications Inc. 0.04% 8,815 $370K Reduce -0.2%
ISRG Intuitive Surgical Inc. 0.04% 862 $344K Reduce -6.8%
PM Philip Morris International 0.04% 3,697 $339K Add +0.1%
PII Polaris Inc. 0.03% 3,326 $333K Reduce -31.8%
MO Altria Group Inc. 0.03% 7,589 $331K Add +15.4%
TXN Texas Instruments Inc. 0.03% 1,744 $304K Add +5.3%
OKE Oneok Inc. 0.03% 3,744 $300K Add +1.1%
ALGN Align Technology Inc. 0.03% 887 $291K No change
SCHO Schwab Short-Term US Treas 0.03% 5,519 $266K Reduce -3.9%
DVN Devon Energy Corp. 0.03% 5,233 $263K Reduce -15.8%
LRCX Lam Research Corp. 0.03% 262 $255K No change
VIG Vanguard Dividend Apprec ETF 0.03% 1,365 $249K Reduce -47.5%
QQQ Invesco QQQ Trust Series 1 0.03% 557 $247K No change
ADBE Adobe Inc. 0.03% 486 $245K No change
BMY Bristol-Myers Squibb Co. 0.03% 4,434 $240K New
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.03% 4,625 $239K Add +9.3%
STZ Constellation Brands Inc. Class A 0.02% 856 $233K Reduce -2.8%
IBTX Independent Bank Group Inc. 0.02% 5,093 $232K Add +0.0%
VOO Vanguard S&P 500 ETF 0.02% 482 $231K No change
GILD Gilead Sciences Inc. 0.02% 3,111 $228K Add +0.3%
TSLA Tesla Inc. 0.02% 1,255 $221K Reduce -10.7%
VGT Vanguard Info Tech ETF 0.02% 400 $210K New
VCIT Vanguard Int-Term Corporate 0.02% 2,547 $205K Reduce -21.1%
CRK Comstock Resources Inc. 0.02% 18,000 $167K Add +5.9%
ENLC Enlink Midstream LLC 0.02% 11,500 $157K No change
SLCA US Silica Holdings Inc. 0.01% 11,000 $137K No change
REI Ring Energy Inc. 0.01% 27,061 $53K No change

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -6.6% 2.98% −0.98
DFS Discover Financial Services Sold out 0.00% −0.39
CSCO Cisco Systems Inc. Reduce -18.2% 0.97% −0.36
BHP BHP Group Ltd.-Spon ADR Reduce -29.2% 0.41% −0.35
MCD McDonald's Corp. Reduce -1.8% 1.72% −0.32
NKE Nike Inc. Class B Reduce -3.1% 0.69% −0.22
DEO Diageo PLC-Sponsored ADR Reduce -13.1% 0.65% −0.16
ACN Accenture PLC Class A Reduce -0.3% 1.17% −0.15
PLD Prologis Inc. Reduce -10.6% 0.54% −0.14
ABT Abbott Laboratories Reduce -7.4% 0.88% −0.14
STEL Stellar Bancorp Inc. Reduce -0.9% 0.45% −0.12
CNI Canadian Natl Railway Co. Reduce -5.0% 1.06% −0.12
DLTR Dollar Tree Inc. Reduce -35.2% 0.14% −0.11
CVX Chevron Corp. Reduce -1.6% 1.72% −0.11
GOOG Alphabet Inc. Class C Reduce -0.1% 3.98% −0.10
STE Steris PLC Reduce -1.6% 0.92% −0.09
DHR Danaher Corp. Reduce -13.5% 0.37% −0.07
URI United Rentals Inc. Reduce -17.3% 0.84% −0.05
WELL Welltower Inc. Reduce -2.6% 0.45% −0.04
SWKS Skyworks Solutions Inc. Reduce -3.4% 0.23% −0.04
CFR Cullen/Frost Bankers Inc. Reduce -0.9% 0.55% −0.04
AMAT Applied Materials Inc. Reduce -15.0% 1.82% −0.04
LOW Lowe's Cos Inc. Reduce -5.3% 2.00% −0.04
ZTS Zoetis Inc. Reduce -2.1% 0.11% −0.03
UL Unilever PLC Reduce -5.0% 0.24% −0.03
VIG Vanguard Dividend Apprec ETF Reduce -47.5% 0.03% −0.03
CMCSA Comcast Corp. Class A Sold out 0.00% −0.03
INTC Intel Corp. Sold out 0.00% −0.02
KO The Coca-Cola Co. Reduce -0.3% 0.34% −0.02
DOW Dow Inc. Reduce -3.7% 0.25% −0.02
PII Polaris Inc. Reduce -31.8% 0.03% −0.02
TSLA Tesla Inc. Reduce -10.7% 0.02% −0.02
PG The Procter & Gamble Co. Reduce -1.1% 1.58% −0.02
K Kellanova Reduce -0.2% 0.13% −0.01
GOOGL Alphabet Inc. Class A Reduce -1.0% 0.30% −0.01
THO Thor Industries Inc. Reduce -1.4% 0.07% −0.01
VCIT Vanguard Int-Term Corporate Reduce -21.1% 0.02% −0.01
HD Home Depot Inc. Reduce -4.0% 0.17% −0.01
DVN Devon Energy Corp. Reduce -15.8% 0.03% −0.01
SCHO Schwab Short-Term US Treas Reduce -3.9% 0.03% −0.00
RF Regions Financial Corp. Reduce -3.1% 0.07% −0.00
PXD Pioneer Natural Resources Co. Reduce -10.8% 0.06% −0.00
FDX FedEx Corp. Reduce -3.5% 2.12% −0.00
STZ Constellation Brands Inc. Class A Reduce -2.8% 0.02% −0.00
CTAS Cintas Corp. Reduce -3.0% 0.73% −0.00
ISRG Intuitive Surgical Inc. Reduce -6.8% 0.04% −0.00
VZ Verizon Communications Inc. Reduce -0.2% 0.04% +0.00
ENTG Entegris Inc. Reduce -5.2% 0.28% +0.00
CAH Cardinal Health Inc. Reduce -0.2% 0.78% +0.00
FRD Friedman Industries Reduce -5.4% 0.10% +0.00

Portfolio Buys Q4 2023 → Q1 2024
NVDA Nvidia Corp. Add +22.2% 0.65% +0.33
AMZN Amazon.com Inc. Add +1.3% 3.80% +0.31
LLY Eli Lilly & Co. Add +15.9% 0.99% +0.28
EXP Eagle Materials Inc. Add +3.8% 1.16% +0.24
PAYC Paycom Software Inc. New 0.21% +0.21
MA Mastercard Inc. Class A Add +20.3% 1.10% +0.20
SKWD Skyward Specialty Insurance New 0.20% +0.20
CTVA Corteva Inc. Add +13.7% 0.91% +0.17
DIS The Walt Disney Co. Add +1.3% 0.89% +0.17
FTNT Fortinet Inc. Add +13.6% 1.02% +0.17
T AT&T Inc. Add +63.2% 0.47% +0.17
CB Chubb Ltd. Add +2.9% 2.52% +0.16
DY Dycom Industries Inc. Add +34.8% 0.46% +0.16
LAZ Lazard Inc. New 0.15% +0.15
CRM Salesforce Inc. Add +17.6% 0.74% +0.13
NEE Nextera Energy Inc. Add +15.5% 1.46% +0.13
PFE Pfizer Inc. Add +35.6% 0.85% +0.13
ETN Eaton Corp. PLC Add +4.0% 0.66% +0.12
GPN Global Payments Inc. Add +14.9% 1.16% +0.10
IQV Iqvia Holdings Inc. Add +8.7% 0.84% +0.06
EOG EOG Resources Inc. Add +8.9% 1.32% +0.05
FLOT iShares Floating Rate Bond E New 0.05% +0.05
WMT Walmart Inc. Add +0.3% 1.32% +0.05
SBUX Starbucks Corp. Add +49.2% 0.19% +0.04
SLB SLB Ltd. Add +9.0% 1.06% +0.04
MRK Merck & Co. Inc. Add +0.0% 0.42% +0.04
WTW Willis Towers Watson PLC Add +7.1% 0.36% +0.03
ENB Enbridge Inc. Add +21.7% 0.30% +0.03
BMY Bristol-Myers Squibb Co. New 0.03% +0.03
NTRS Northern Trust Corp. Add +24.1% 0.16% +0.02
VGT Vanguard Info Tech ETF New 0.02% +0.02
FANG Diamondback Energy Inc. Add +0.1% 0.13% +0.02
ASML ASML Holding NV-NY Reg SHS Add +36.4% 0.05% +0.02
AVGO Broadcom Inc. Add +10.7% 0.08% +0.01
TJX TJX Companies Inc. Add +8.0% 0.22% +0.01
DHI D.R. Horton Inc. Add +3.9% 0.68% +0.01
COST Costco Wholesale Corp. Add +18.5% 0.07% +0.01
RTX RTX Corp. Add +0.0% 0.15% +0.01
SBOW Silverbow Resources Inc. Add +7.9% 0.05% +0.01
ABBV Abbvie Inc. Add +0.1% 0.09% +0.01
IBM Intl Business Machines Corp. Add +2.5% 0.06% +0.00
MO Altria Group Inc. Add +15.4% 0.03% +0.00
WM Waste Management Inc. Add +0.1% 0.04% +0.00
MAIN Main Street Capital Corp. Add +3.1% 0.08% +0.00
OKE Oneok Inc. Add +1.1% 0.03% +0.00
BNS Bank of Nova Scotia Add +9.3% 0.03% +0.00
EPD Enterprise Products Partners Add +1.3% 0.05% +0.00
SCHB Schwab US Broad Market ETF Add +1.5% 0.11% +0.00
CRK Comstock Resources Inc. Add +5.9% 0.02% +0.00
LMT Lockheed Martin Corp. Add +10.1% 0.14% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 181$1.3BGOOG, META, AMZN, MSFT, AMAT
Q1 2026 177$1.2BGOOG, META, AMZN, MSFT, AAPL
Q4 2025 174$1.2BGOOG, META, MSFT, AMZN, AAPL
Q3 2025 168$1.2BMETA, GOOG, MSFT, AMZN, AAPL
Q2 2025 173$1.1BMETA, MSFT, AMZN, GOOG, AAPL
Q1 2025 162$1.0BMETA, MSFT, GOOG, AMZN, AAPL
Q4 2024 166$1.1BMETA, MSFT, GOOG, AMZN, AAPL
Q3 2024 144$1.0BMETA, MSFT, GOOG, AAPL, AMZN
Q2 2024 146$961.8MMETA, MSFT, GOOG, AMZN, AAPL
Q1 2024 144$953.5MMETA, MSFT, GOOG, AMZN, AAPL