Callahan Advisors, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 29, 2024), Callahan Advisors, LLC reported 146 stock positions worth $961.8 million. Its top holding was Meta Platforms Class A (META) at 6.1% of the portfolio, followed by Microsoft (MSFT, 5.4%) and Alphabet Class C (GOOG, 4.7%). Compared with Q1 2024, it opened 9 new positions, sold out of 7, added to 54 and reduced 63. The biggest buy was Apple (AAPL, shares +6%) and the biggest sale Cisco Systems (CSCO, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- Houston, TX
- CIK
- 0001395055
- Portfolio Value
- $961.8M (Q2 2024)
- SEC Filing
- 0001140361-24-034593 ↗ filed Jul 29, 2024
Holdings Value
Holdings 146 stocks · $961.8M
| META Meta Platforms Inc. Class A | 6.15% | 117,266 | $59.1M | Reduce -2.1% |
| MSFT Microsoft Corp. | 5.41% | 116,384 | $52.0M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 4.70% | 246,613 | $45.2M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 4.14% | 206,272 | $39.9M | Add +2.7% |
| AAPL Apple Inc. | 3.83% | 174,800 | $36.8M | Add +5.5% |
| JPM JPMorgan Chase & Co. | 2.63% | 125,102 | $25.3M | Reduce -6.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.60% | 61,351 | $25.0M | Reduce -1.8% |
| CB Chubb Ltd. | 2.45% | 92,264 | $23.5M | Reduce -0.7% |
| UNH Unitedhealth Group Inc. | 2.34% | 44,124 | $22.5M | Reduce -0.1% |
| FDX FedEx Corp. | 2.14% | 68,489 | $20.5M | Reduce -1.6% |
| BN Brookfield Corp. | 2.05% | 475,204 | $19.7M | Reduce -0.4% |
| CAT Caterpillar Inc. | 1.92% | 55,373 | $18.4M | Reduce -4.0% |
| XOM Exxon Mobil Corp. | 1.90% | 158,902 | $18.3M | Add +7.5% |
| AMAT Applied Materials Inc. | 1.86% | 75,630 | $17.8M | Reduce -10.3% |
| JNJ Johnson & Johnson | 1.83% | 120,729 | $17.6M | Add +2.0% |
| SYK Stryker Corp. | 1.80% | 50,883 | $17.3M | Reduce -3.4% |
| CVX Chevron Corp. | 1.72% | 105,884 | $16.6M | Add +1.9% |
| NEE Nextera Energy Inc. | 1.64% | 223,207 | $15.8M | Add +2.5% |
| BKNG Booking Holdings Inc. | 1.63% | 3,945 | $15.6M | Add +5.4% |
| LOW Lowe's Cos Inc. | 1.58% | 69,076 | $15.2M | Reduce -7.6% |
| PG The Procter & Gamble Co. | 1.58% | 92,149 | $15.2M | Reduce -1.0% |
| PEP Pepsico Inc. | 1.51% | 87,774 | $14.5M | Reduce -1.2% |
| MCD McDonald's Corp. | 1.49% | 56,140 | $14.3M | Reduce -3.5% |
| EQT Eqt Corp. | 1.45% | 377,814 | $14.0M | Reduce -0.3% |
| WMT Walmart Inc. | 1.44% | 205,134 | $13.9M | Reduce -2.2% |
| LLY Eli Lilly & Co. | 1.37% | 14,580 | $13.2M | Add +20.5% |
| EOG EOG Resources Inc. | 1.31% | 100,372 | $12.6M | Add +1.7% |
| NVDA Nvidia Corp. | 1.19% | 92,840 | $11.5M | Add +34.8% |
| PFE Pfizer Inc. | 1.12% | 385,377 | $10.8M | Add +32.3% |
| MA Mastercard Inc. Class A | 1.08% | 23,507 | $10.4M | Add +7.8% |
| PAYX Paychex Inc. | 1.06% | 86,272 | $10.2M | Reduce -3.7% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.05% | 213,363 | $10.1M | Add +16.2% |
| KMI Kinder Morgan Inc. | 0.99% | 481,483 | $9.6M | Reduce -1.0% |
| ACN Accenture PLC Class A | 0.99% | 31,495 | $9.6M | Reduce -2.4% |
| CNI Canadian Natl Railway Co. | 0.92% | 74,844 | $8.8M | Reduce -2.7% |
| EXP Eagle Materials Inc. | 0.89% | 39,379 | $8.6M | Reduce -3.0% |
| FTNT Fortinet Inc. | 0.89% | 141,794 | $8.5M | Reduce -0.7% |
| GPN Global Payments Inc. | 0.85% | 84,147 | $8.1M | Add +1.7% |
| CTVA Corteva Inc. | 0.84% | 150,581 | $8.1M | Reduce -0.4% |
| STE Steris PLC | 0.82% | 35,862 | $7.9M | Reduce -7.7% |
| ABT Abbott Laboratories | 0.79% | 73,155 | $7.6M | Reduce -1.0% |
| CRM Salesforce Inc. | 0.75% | 28,080 | $7.2M | Add +19.3% |
| IQV Iqvia Holdings Inc. | 0.71% | 32,167 | $6.8M | Add +1.4% |
| CTAS Cintas Corp. | 0.70% | 9,596 | $6.7M | Reduce -4.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.70% | 67,667 | $6.7M | Reduce -2.9% |
| URI United Rentals Inc. | 0.69% | 10,300 | $6.7M | Reduce -7.5% |
| CAH Cardinal Health Inc. | 0.66% | 64,608 | $6.4M | Reduce -3.2% |
| T AT&T Inc. | 0.61% | 308,159 | $5.9M | Add +20.4% |
| ETN Eaton Corp. PLC | 0.60% | 18,511 | $5.8M | Reduce -7.8% |
| DHI D.R. Horton Inc. | 0.57% | 38,934 | $5.5M | Reduce -1.1% |
| NKE Nike Inc. Class B | 0.56% | 71,170 | $5.4M | Add +2.0% |
| DY Dycom Industries Inc. | 0.56% | 31,741 | $5.4M | Add +4.0% |
| DEO Diageo PLC-Sponsored ADR | 0.51% | 38,987 | $4.9M | Reduce -5.8% |
| ADBE Adobe Inc. | 0.51% | 8,846 | $4.9M | Add +1720.2% |
| WELL Welltower Inc. | 0.51% | 47,091 | $4.9M | Add +2.4% |
| TRI Thomson Reuters Corp. | 0.46% | 26,314 | $4.4M | New |
| AXP American Express Co. | 0.43% | 17,900 | $4.1M | Add +0.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.43% | 4,047 | $4.1M | Add +757.4% |
| STEL Stellar Bancorp Inc. | 0.42% | 176,554 | $4.1M | Reduce -0.3% |
| BHP BHP Group Ltd.-Spon ADR | 0.40% | 67,147 | $3.8M | Reduce -1.9% |
| MRK Merck & Co. Inc. | 0.39% | 30,178 | $3.7M | Reduce -1.3% |
| WTW Willis Towers Watson PLC | 0.38% | 13,821 | $3.6M | Add +11.8% |
| WDAY Workday Inc. Class A | 0.37% | 16,071 | $3.6M | Add +31.5% |
| VRSK Verisk Analytics Inc. | 0.36% | 12,780 | $3.4M | Add +22.1% |
| ENB Enbridge Inc. | 0.36% | 96,761 | $3.4M | Add +22.7% |
| GOOGL Alphabet Inc. Class A | 0.35% | 18,585 | $3.4M | Reduce -0.5% |
| DHR Danaher Corp. | 0.35% | 13,477 | $3.4M | Reduce -5.8% |
| KO The Coca-Cola Co. | 0.35% | 52,289 | $3.3M | Reduce -1.5% |
| NOW ServiceNow Inc. | 0.34% | 4,189 | $3.3M | Add +1.5% |
| CFR Cullen/Frost Bankers Inc. | 0.34% | 32,410 | $3.3M | Reduce -29.8% |
| CSCO Cisco Systems Inc. | 0.32% | 65,596 | $3.1M | Reduce -64.7% |
| PAYC Paycom Software Inc. | 0.30% | 20,040 | $2.9M | Add +95.1% |
| CVS CVS Health Corp. | 0.28% | 45,772 | $2.7M | Reduce -35.9% |
| SBUX Starbucks Corp. | 0.27% | 33,326 | $2.6M | Add +65.5% |
| UL Unilever PLC | 0.26% | 46,100 | $2.5M | Reduce -0.2% |
| PLD Prologis Inc. | 0.26% | 22,014 | $2.5M | Reduce -44.3% |
| ENTG Entegris Inc. | 0.25% | 17,999 | $2.4M | Reduce -4.3% |
| V Visa Inc. Class A | 0.24% | 8,876 | $2.3M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.24% | 20,862 | $2.3M | Add +0.0% |
| GD General Dynamics Corp. | 0.22% | 7,197 | $2.1M | Reduce -0.1% |
| DOW Dow Inc. | 0.21% | 37,193 | $2.0M | Reduce -9.1% |
| EPD Enterprise Products Partners | 0.19% | 63,204 | $1.8M | Add +254.0% |
| QSR Restaurant Brands Intern | 0.18% | 25,030 | $1.8M | No change |
| NTRS Northern Trust Corp. | 0.18% | 20,078 | $1.7M | Add +19.9% |
| SKWD Skyward Specialty Insurance | 0.17% | 46,266 | $1.7M | Reduce -8.0% |
| LAZ Lazard Inc. | 0.17% | 43,195 | $1.6M | Add +26.6% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.16% | 16,055 | $1.5M | No change |
| RTX RTX Corp. | 0.15% | 14,522 | $1.5M | Add +0.0% |
| HD Home Depot Inc. | 0.15% | 4,190 | $1.4M | Reduce -1.2% |
| LMT Lockheed Martin Corp. | 0.15% | 2,989 | $1.4M | Reduce -0.3% |
| FISV Fiserv Inc. | 0.14% | 8,985 | $1.3M | Reduce -5.3% |
| FANG Diamondback Energy Inc. | 0.13% | 6,328 | $1.3M | Add +0.2% |
| K Kellanova | 0.13% | 21,818 | $1.3M | No change |
| FE Firstenergy Corp. | 0.13% | 32,600 | $1.2M | No change |
| GSK GSK PLC-Spon ADR | 0.12% | 30,875 | $1.2M | No change |
| ZTS Zoetis Inc. | 0.12% | 6,578 | $1.1M | Add +6.5% |
| SCHB Schwab US Broad Market ETF | 0.12% | 18,125 | $1.1M | Add +9.4% |
| MKTX Marketaxess Holdings Inc. | 0.11% | 5,503 | $1.1M | New |
| COP Conocophillips | 0.10% | 8,661 | $991K | No change |
| FIS Fidelity National Info Serv | 0.10% | 12,500 | $942K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| CSCO Cisco Systems Inc. | Reduce -64.7% | 0.32% | −0.65 |
| THOMSON REUTERS CORP | Sold out | 0.00% | −0.43 |
| LOW Lowe's Cos Inc. | Reduce -7.6% | 1.58% | −0.41 |
| CVS CVS Health Corp. | Reduce -35.9% | 0.28% | −0.32 |
| CAT Caterpillar Inc. | Reduce -4.0% | 1.92% | −0.30 |
| PLD Prologis Inc. | Reduce -44.3% | 0.26% | −0.28 |
| EXP Eagle Materials Inc. | Reduce -3.0% | 0.89% | −0.27 |
| MCD McDonald's Corp. | Reduce -3.5% | 1.49% | −0.23 |
| CFR Cullen/Frost Bankers Inc. | Reduce -29.8% | 0.34% | −0.20 |
| DIS The Walt Disney Co. | Reduce -2.9% | 0.70% | −0.20 |
| JPM JPMorgan Chase & Co. | Reduce -6.6% | 2.63% | −0.18 |
| ACN Accenture PLC Class A | Reduce -2.4% | 0.99% | −0.18 |
| SYK Stryker Corp. | Reduce -3.4% | 1.80% | −0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.8% | 2.60% | −0.16 |
| URI United Rentals Inc. | Reduce -7.5% | 0.69% | −0.15 |
| SWKS Skyworks Solutions Inc. | Reduce -63.4% | 0.08% | −0.15 |
| CNI Canadian Natl Railway Co. | Reduce -2.7% | 0.92% | −0.14 |
| DEO Diageo PLC-Sponsored ADR | Reduce -5.8% | 0.51% | −0.13 |
| FTNT Fortinet Inc. | Reduce -0.7% | 0.89% | −0.13 |
| PEP Pepsico Inc. | Reduce -1.2% | 1.51% | −0.13 |
| CAH Cardinal Health Inc. | Reduce -3.2% | 0.66% | −0.12 |
| DHI D.R. Horton Inc. | Reduce -1.1% | 0.57% | −0.11 |
| STE Steris PLC | Reduce -7.7% | 0.82% | −0.10 |
| PAYX Paychex Inc. | Reduce -3.7% | 1.06% | −0.09 |
| ABT Abbott Laboratories | Reduce -1.0% | 0.79% | −0.09 |
| CB Chubb Ltd. | Reduce -0.7% | 2.45% | −0.08 |
| DLTR Dollar Tree Inc. | Reduce -43.0% | 0.06% | −0.07 |
| CTVA Corteva Inc. | Reduce -0.4% | 0.84% | −0.07 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.06 |
| ETN Eaton Corp. PLC | Reduce -7.8% | 0.60% | −0.05 |
| BN Brookfield Corp. | Reduce -0.4% | 2.05% | −0.04 |
| DOW Dow Inc. | Reduce -9.1% | 0.21% | −0.04 |
| THO Thor Industries Inc. | Reduce -40.2% | 0.04% | −0.04 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.04 |
| PII Polaris Inc. | Sold out | 0.00% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -1.3% | 0.39% | −0.03 |
| STEL Stellar Bancorp Inc. | Reduce -0.3% | 0.42% | −0.03 |
| CTAS Cintas Corp. | Reduce -4.8% | 0.70% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Sold out | 0.00% | −0.03 |
| BNS Bank of Nova Scotia | Sold out | 0.00% | −0.03 |
| DHR Danaher Corp. | Reduce -5.8% | 0.35% | −0.02 |
| ENTG Entegris Inc. | Reduce -4.3% | 0.25% | −0.02 |
| SKWD Skyward Specialty Insurance | Reduce -8.0% | 0.17% | −0.02 |
| HD Home Depot Inc. | Reduce -1.2% | 0.15% | −0.02 |
| EQT Eqt Corp. | Reduce -0.3% | 1.45% | −0.02 |
| FISV Fiserv Inc. | Reduce -5.3% | 0.14% | −0.02 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -1.9% | 0.40% | −0.02 |
| SLCA US Silica Holdings Inc. | Sold out | 0.00% | −0.01 |
| FFIN First Finl Bankshares Inc. | Reduce -4.5% | 0.08% | −0.01 |
| SBOW Silverbow Resources Inc. | Reduce -21.9% | 0.04% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +5.5% | 3.83% | +0.85 |
| NVDA Nvidia Corp. | Add +34.8% | 1.19% | +0.54 |
| ADBE Adobe Inc. | Add +1720.2% | 0.51% | +0.49 |
| TRI Thomson Reuters Corp. | New | 0.46% | +0.46 |
| LLY Eli Lilly & Co. | Add +20.5% | 1.37% | +0.39 |
| ASML ASML Holding NV-NY Reg SHS | Add +757.4% | 0.43% | +0.38 |
| AMZN Amazon.com Inc. | Add +2.7% | 4.14% | +0.34 |
| MSFT Microsoft Corp. | Add +0.2% | 5.41% | +0.28 |
| PFE Pfizer Inc. | Add +32.3% | 1.12% | +0.27 |
| BKNG Booking Holdings Inc. | Add +5.4% | 1.63% | +0.20 |
| NEE Nextera Energy Inc. | Add +2.5% | 1.64% | +0.18 |
| T AT&T Inc. | Add +20.4% | 0.61% | +0.14 |
| EPD Enterprise Products Partners | Add +254.0% | 0.19% | +0.14 |
| MKTX Marketaxess Holdings Inc. | New | 0.11% | +0.11 |
| XOM Exxon Mobil Corp. | Add +7.5% | 1.90% | +0.10 |
| VRSK Verisk Analytics Inc. | Add +22.1% | 0.36% | +0.10 |
| DY Dycom Industries Inc. | Add +4.0% | 0.56% | +0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.10% | +0.10 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.09% | +0.09 |
| PAYC Paycom Software Inc. | Add +95.1% | 0.30% | +0.08 |
| SBUX Starbucks Corp. | Add +65.5% | 0.27% | +0.08 |
| WELL Welltower Inc. | Add +2.4% | 0.51% | +0.06 |
| ENB Enbridge Inc. | Add +22.7% | 0.36% | +0.06 |
| OKE Oneok Inc. | Add +180.9% | 0.09% | +0.06 |
| PAA Plains All Amer Pipeline LP | New | 0.04% | +0.04 |
| FLOT iShares Floating Rate Bond E | Add +71.2% | 0.09% | +0.04 |
| VHT Vanguard Health Care ETF | New | 0.03% | +0.03 |
| WDAY Workday Inc. Class A | Add +31.5% | 0.37% | +0.02 |
| LAZ Lazard Inc. | Add +26.6% | 0.17% | +0.02 |
| VOX Vanguard Communication Servi | New | 0.02% | +0.02 |
| WTW Willis Towers Watson PLC | Add +11.8% | 0.38% | +0.02 |
| PR Permian Resources Corp. Class A | New | 0.02% | +0.02 |
| NTRS Northern Trust Corp. | Add +19.9% | 0.18% | +0.02 |
| TJX TJX Companies Inc. | Add +0.0% | 0.24% | +0.02 |
| NOW ServiceNow Inc. | Add +1.5% | 0.34% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +9.4% | 0.12% | +0.01 |
| SLNG Stabilis Solutions Inc. | New | 0.01% | +0.01 |
| ZTS Zoetis Inc. | Add +6.5% | 0.12% | +0.01 |
| CRM Salesforce Inc. | Add +19.3% | 0.75% | +0.01 |
| GILD Gilead Sciences Inc. | Add +32.4% | 0.03% | +0.01 |
| MAIN Main Street Capital Corp. | Add +1.3% | 0.08% | +0.01 |
| PM Philip Morris International | Add +3.7% | 0.04% | +0.00 |
| VCIT Vanguard Int-Term Corporate | Add +20.6% | 0.03% | +0.00 |
| TXN Texas Instruments Inc. | Add +1.3% | 0.04% | +0.00 |
| AXP American Express Co. | Add +0.0% | 0.43% | +0.00 |
| LRCX Lam Research Corp. | Add +3.8% | 0.03% | +0.00 |
| RTX RTX Corp. | Add +0.0% | 0.15% | +0.00 |
| CVX Chevron Corp. | Add +1.9% | 1.72% | +0.00 |
| ENLC Enlink Midstream LLC | Add +8.7% | 0.02% | +0.00 |
| FANG Diamondback Energy Inc. | Add +0.2% | 0.13% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 181 | $1.3B | GOOG, META, AMZN, MSFT, AMAT |
| Q1 2026 | 177 | $1.2B | GOOG, META, AMZN, MSFT, AAPL |
| Q4 2025 | 174 | $1.2B | GOOG, META, MSFT, AMZN, AAPL |
| Q3 2025 | 168 | $1.2B | META, GOOG, MSFT, AMZN, AAPL |
| Q2 2025 | 173 | $1.1B | META, MSFT, AMZN, GOOG, AAPL |
| Q1 2025 | 162 | $1.0B | META, MSFT, GOOG, AMZN, AAPL |
| Q4 2024 | 166 | $1.1B | META, MSFT, GOOG, AMZN, AAPL |
| Q3 2024 | 144 | $1.0B | META, MSFT, GOOG, AAPL, AMZN |
| Q2 2024 | 146 | $961.8M | META, MSFT, GOOG, AMZN, AAPL |
| Q1 2024 | 144 | $953.5M | META, MSFT, GOOG, AMZN, AAPL |