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

0$500.0M$1.0B$1.5B Q1 2024: $953.5M Q1 2024 Q2 2024: $961.8M $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 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
GIS General Mills Inc. 0.10% 14,815 $937K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.10% 1,720 $936K New
TSM Taiwan Semiconductor-SP ADR 0.09% 5,002 $869K New
OKE Oneok Inc. 0.09% 10,517 $858K Add +180.9%
FLOT iShares Floating Rate Bond E 0.09% 16,108 $823K Add +71.2%
FRD Friedman Industries 0.09% 54,131 $817K Add +8.6%
ABBV Abbvie Inc. 0.08% 4,708 $807K Add +0.1%
SWKS Skyworks Solutions Inc. 0.08% 7,389 $788K Reduce -63.4%
MAIN Main Street Capital Corp. 0.08% 15,429 $779K Add +1.3%
AVGO Broadcom Inc. 0.08% 479 $769K Reduce -20.4%
FFIN First Finl Bankshares Inc. 0.08% 24,870 $734K Reduce -4.5%
COST Costco Wholesale Corp. 0.07% 847 $720K No change
RF Regions Financial Corp. 0.07% 32,700 $655K Add +3.1%
BIP Brookfield Infrastructure Pa 0.06% 22,129 $607K Add +2.1%
DLTR Dollar Tree Inc. 0.06% 5,525 $590K Reduce -43.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.06% 3,070 $531K No change
PSX Phillips 66 0.05% 3,120 $440K No change
SBOW Silverbow Resources Inc. 0.04% 10,700 $405K Reduce -21.9%
IBOC International Bancshares CRP 0.04% 6,985 $400K No change
WM Waste Management Inc. 0.04% 1,869 $399K Add +0.1%
PM Philip Morris International 0.04% 3,834 $389K Add +3.7%
PAA Plains All Amer Pipeline LP 0.04% 21,665 $387K New
ISRG Intuitive Surgical Inc. 0.04% 862 $383K No change
TXN Texas Instruments Inc. 0.04% 1,767 $344K Add +1.3%
THO Thor Industries Inc. 0.04% 3,639 $340K Reduce -40.2%
MO Altria Group Inc. 0.04% 7,448 $339K Reduce -1.9%
LRCX Lam Research Corp. 0.03% 272 $290K Add +3.8%
GILD Gilead Sciences Inc. 0.03% 4,119 $283K Add +32.4%
VHT Vanguard Health Care ETF 0.03% 1,061 $282K New
QQQ Invesco QQQ Trust Series 1 0.03% 516 $247K Reduce -7.4%
VCIT Vanguard Int-Term Corporate 0.03% 3,073 $246K Add +20.6%
BMY Bristol-Myers Squibb Co. 0.03% 5,780 $240K Add +30.4%
IBTX Independent Bank Group Inc. 0.02% 5,093 $232K No change
VGT Vanguard Info Tech ETF 0.02% 400 $231K No change
DVN Devon Energy Corp. 0.02% 4,756 $225K Reduce -9.1%
TSLA Tesla Inc. 0.02% 1,133 $224K Reduce -9.7%
STZ Constellation Brands Inc. Class A 0.02% 856 $220K No change
ALGN Align Technology Inc. 0.02% 887 $214K No change
SCHO Schwab Short-Term US Treas 0.02% 4,422 $213K Reduce -19.9%
VOO Vanguard S&P 500 ETF 0.02% 417 $208K Reduce -13.5%
VOX Vanguard Communication Servi 0.02% 1,500 $207K New
PR Permian Resources Corp. Class A 0.02% 11,674 $189K New
CRK Comstock Resources Inc. 0.02% 18,000 $187K No change
ENLC Enlink Midstream LLC 0.02% 12,500 $172K Add +8.7%
SLNG Stabilis Solutions Inc. 0.01% 28,182 $109K New
REI Ring Energy Inc. 0.00% 27,061 $46K 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

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