Callahan Advisors, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 30, 2024), Callahan Advisors, LLC reported 144 stock positions worth $1.0 billion. Its top holding was Meta Platforms Class A (META) at 6.3% of the portfolio, followed by Microsoft (MSFT, 4.9%) and Alphabet Class C (GOOG, 4.0%). Compared with Q2 2024, it opened 3 new positions, sold out of 5, added to 54 and reduced 66. The biggest buy was Eagle Materials (EXP, shares +0%) and the biggest sale Alphabet Class C (GOOG, shares −0%).

Most Recent 13F
Q2 2026
Location
Houston, TX
CIK
0001395055
Portfolio Value
$1.0B (Q3 2024)
SEC Filing
0001140361-24-044615 ↗ filed Oct 30, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $953.5M Q1 2024 Q2 2024: $961.8M Q2 2024 Q3 2024: $1.0B $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 · $1.0B
META Meta Platforms Inc. Class A 6.27% 112,415 $64.4M Reduce -4.1%
MSFT Microsoft Corp. 4.87% 116,061 $49.9M Reduce -0.3%
GOOG Alphabet Inc. Class C 4.00% 245,594 $41.1M Reduce -0.4%
AAPL Apple Inc. 3.96% 174,243 $40.6M Reduce -0.3%
AMZN Amazon.com Inc. 3.76% 206,887 $38.5M Add +0.3%
BRK.B Berkshire Hathaway Inc. Class B 2.68% 59,735 $27.5M Reduce -2.6%
CB Chubb Ltd. 2.58% 91,917 $26.5M Reduce -0.4%
UNH Unitedhealth Group Inc. 2.48% 43,569 $25.5M Reduce -1.3%
BN Brookfield Corp. 2.46% 475,004 $25.2M Reduce -0.0%
JPM JPMorgan Chase & Co. 2.38% 115,787 $24.4M Reduce -7.5%
CAT Caterpillar Inc. 2.11% 55,346 $21.6M Reduce -0.1%
JNJ Johnson & Johnson 1.87% 118,242 $19.2M Reduce -2.1%
XOM Exxon Mobil Corp. 1.83% 160,530 $18.8M Add +1.0%
FDX FedEx Corp. 1.82% 68,374 $18.7M Reduce -0.2%
SYK Stryker Corp. 1.78% 50,697 $18.3M Reduce -0.4%
NEE Nextera Energy Inc. 1.78% 215,982 $18.3M Reduce -3.2%
LOW Lowe's Cos Inc. 1.73% 65,640 $17.8M Reduce -5.0%
BKNG Booking Holdings Inc. 1.65% 4,018 $16.9M Add +1.9%
MCD McDonald's Corp. 1.64% 55,272 $16.8M Reduce -1.6%
WMT Walmart Inc. 1.63% 207,234 $16.7M Add +1.0%
PG The Procter & Gamble Co. 1.57% 92,920 $16.1M Add +0.8%
CVX Chevron Corp. 1.54% 107,628 $15.9M Add +1.6%
PEP Pepsico Inc. 1.48% 89,332 $15.2M Add +1.8%
AMAT Applied Materials Inc. 1.47% 74,526 $15.1M Reduce -1.5%
LLY Eli Lilly & Co. 1.28% 14,881 $13.2M Add +2.1%
NVDA Nvidia Corp. 1.26% 106,354 $12.9M Add +14.6%
EOG EOG Resources Inc. 1.20% 100,537 $12.4M Add +0.2%
MA Mastercard Inc. Class A 1.19% 24,828 $12.3M Add +5.6%
PFE Pfizer Inc. 1.18% 419,139 $12.1M Add +8.8%
EQT Eqt Corp. 1.18% 329,202 $12.1M Reduce -12.9%
PAYX Paychex Inc. 1.11% 84,878 $11.4M Reduce -1.6%
EXP Eagle Materials Inc. 1.10% 39,424 $11.3M Add +0.1%
FTNT Fortinet Inc. 1.06% 140,609 $10.9M Reduce -0.8%
ACN Accenture PLC Class A 1.06% 30,728 $10.9M Reduce -2.4%
KMI Kinder Morgan Inc. 1.03% 478,859 $10.6M Reduce -0.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.02% 249,430 $10.5M Add +16.9%
GPN Global Payments Inc. 0.86% 86,298 $8.8M Add +2.6%
STE Steris PLC 0.83% 35,283 $8.6M Reduce -1.6%
CTVA Corteva Inc. 0.83% 145,259 $8.5M Reduce -3.5%
ABT Abbott Laboratories 0.83% 74,417 $8.5M Add +1.7%
CNI Canadian Natl Railway Co. 0.81% 71,069 $8.3M Reduce -5.0%
CRM Salesforce Inc. 0.80% 29,989 $8.2M Add +6.8%
URI United Rentals Inc. 0.78% 9,861 $8.0M Reduce -4.3%
T AT&T Inc. 0.75% 351,925 $7.7M Add +14.2%
CTAS Cintas Corp. 0.75% 37,352 $7.7M Reduce -2.7%
IQV Iqvia Holdings Inc. 0.74% 32,213 $7.6M Add +0.1%
CAH Cardinal Health Inc. 0.65% 60,778 $6.7M Reduce -5.9%
DHI D.R. Horton Inc. 0.65% 34,997 $6.7M Reduce -10.1%
ETN Eaton Corp. PLC 0.61% 18,908 $6.3M Add +2.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.61% 64,685 $6.2M Reduce -4.4%
DY Dycom Industries Inc. 0.60% 31,132 $6.1M Reduce -1.9%
NKE Nike Inc. Class B 0.57% 66,743 $5.9M Reduce -6.2%
WELL Welltower Inc. 0.57% 45,532 $5.8M Reduce -3.3%
ADBE Adobe Inc. 0.56% 11,185 $5.8M Add +26.4%
ENB Enbridge Inc. 0.55% 138,403 $5.6M Add +43.0%
DEO Diageo PLC-Sponsored ADR 0.48% 35,251 $4.9M Reduce -9.6%
ASML ASML Holding NV-NY Reg SHS 0.48% 5,858 $4.9M Add +44.8%
AXP American Express Co. 0.47% 17,825 $4.8M Reduce -0.4%
STEL Stellar Bancorp Inc. 0.44% 174,429 $4.5M Reduce -1.2%
TRI Thomson Reuters Corp. 0.44% 26,314 $4.5M No change
WTW Willis Towers Watson PLC 0.41% 14,392 $4.2M Add +4.1%
WDAY Workday Inc. Class A 0.41% 17,138 $4.2M Add +6.6%
VRSK Verisk Analytics Inc. 0.41% 15,545 $4.2M Add +21.6%
KO The Coca-Cola Co. 0.36% 51,298 $3.7M Reduce -1.9%
NOW ServiceNow Inc. 0.36% 4,097 $3.7M Reduce -2.2%
BHP BHP Group Ltd.-Spon ADR 0.35% 57,712 $3.6M Reduce -14.1%
DHR Danaher Corp. 0.35% 12,880 $3.6M Reduce -4.4%
SBUX Starbucks Corp. 0.34% 35,947 $3.5M Add +7.9%
MRK Merck & Co. Inc. 0.33% 30,085 $3.4M Reduce -0.3%
PAYC Paycom Software Inc. 0.33% 20,040 $3.3M No change
CFR Cullen/Frost Bankers Inc. 0.32% 29,738 $3.3M Reduce -8.2%
CSCO Cisco Systems Inc. 0.30% 57,374 $3.1M Reduce -12.5%
GOOGL Alphabet Inc. Class A 0.29% 18,131 $3.0M Reduce -2.4%
UL Unilever PLC 0.29% 46,100 $3.0M No change
PLD Prologis Inc. 0.26% 21,238 $2.7M Reduce -3.5%
DOW Dow Inc. 0.25% 46,074 $2.5M Add +23.9%
V Visa Inc. Class A 0.24% 8,877 $2.4M Add +0.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.23% 20,129 $2.4M Reduce -3.5%
ENTG Entegris Inc. 0.23% 20,679 $2.3M Add +14.9%
LAZ Lazard Inc. 0.22% 45,814 $2.3M Add +6.1%
GD General Dynamics Corp. 0.21% 7,197 $2.2M No change
CVS CVS Health Corp. 0.21% 34,134 $2.1M Reduce -25.4%
SKWD Skyward Specialty Insurance 0.20% 50,254 $2.0M Add +8.6%
LMT Lockheed Martin Corp. 0.18% 3,161 $1.8M Add +5.8%
EPD Enterprise Products Partners 0.18% 62,234 $1.8M Reduce -1.5%
QSR Restaurant Brands Intern 0.18% 25,030 $1.8M No change
RTX RTX Corp. 0.17% 14,522 $1.8M No change
FLOT iShares Floating Rate Bond E 0.17% 33,662 $1.7M Add +109.0%
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.16% 16,055 $1.7M No change
NTRS Northern Trust Corp. 0.16% 18,452 $1.7M Reduce -8.1%
FISV Fiserv Inc. 0.16% 8,985 $1.6M No change
HD Home Depot Inc. 0.16% 3,949 $1.6M Reduce -5.8%
TSM Taiwan Semiconductor-SP ADR 0.14% 8,360 $1.5M Add +67.1%
FE Firstenergy Corp. 0.14% 32,600 $1.4M No change
MKTX Marketaxess Holdings Inc. 0.14% 5,503 $1.4M No change
ZTS Zoetis Inc. 0.13% 6,884 $1.3M Add +4.7%
SCHB Schwab US Broad Market ETF 0.13% 19,345 $1.3M Add +6.7%
GSK GSK PLC-Spon ADR 0.12% 30,875 $1.3M No change
FANG Diamondback Energy Inc. 0.11% 6,419 $1.1M Add +1.4%
GIS General Mills Inc. 0.11% 14,815 $1.1M No change
OKE Oneok Inc. 0.10% 10,818 $986K Add +2.9%
SPY SS SPDR S&P 500 ETF Trust-US 0.09% 1,629 $935K Reduce -5.3%
ABBV Abbvie Inc. 0.09% 4,705 $929K Reduce -0.1%
FFIN First Finl Bankshares Inc. 0.09% 24,870 $920K No change
COP Conocophillips 0.09% 8,561 $901K Reduce -1.1%
FRD Friedman Industries 0.08% 52,134 $835K Reduce -3.7%
MAIN Main Street Capital Corp. 0.08% 16,134 $809K Add +4.6%
AVGO Broadcom Inc. 0.08% 4,672 $806K Reduce -2.5%
RF Regions Financial Corp. 0.07% 32,700 $763K No change
COST Costco Wholesale Corp. 0.07% 848 $752K Add +0.1%
BIP Brookfield Infrastructure Pa 0.07% 21,113 $740K Reduce -4.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 3,070 $679K No change
CRGY Crescent Energy Inc. Class A 0.06% 54,938 $602K New
PM Philip Morris International 0.05% 3,836 $466K Add +0.1%
SWKS Skyworks Solutions Inc. 0.04% 4,443 $439K Reduce -39.9%
ISRG Intuitive Surgical Inc. 0.04% 862 $423K No change
IBOC International Bancshares CRP 0.04% 6,985 $418K No change
WM Waste Management Inc. 0.04% 1,872 $389K Add +0.2%
THO Thor Industries Inc. 0.04% 3,516 $386K Reduce -3.4%
PSX Phillips 66 0.04% 2,900 $381K Reduce -7.0%
MO Altria Group Inc. 0.04% 7,457 $381K Add +0.1%
PAA Plains All Amer Pipeline LP 0.04% 21,681 $377K Add +0.1%
TXN Texas Instruments Inc. 0.03% 1,689 $349K Reduce -4.4%
BMY Bristol-Myers Squibb Co. 0.03% 6,714 $347K Add +16.2%
VHT Vanguard Health Care ETF 0.03% 1,061 $299K No change
IBTX Independent Bank Group Inc. 0.03% 5,094 $294K Add +0.0%
VCIT Vanguard Int-Term Corporate 0.03% 3,239 $271K Add +5.4%
MMM 3M Co. 0.03% 1,971 $269K New
TSLA Tesla Inc. 0.03% 1,013 $265K Reduce -10.6%
GILD Gilead Sciences Inc. 0.03% 3,125 $262K Reduce -24.1%
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.03% 4,700 $256K New
VGT Vanguard Info Tech ETF 0.02% 404 $237K Add +1.0%
QQQ Invesco QQQ Trust Series 1 0.02% 476 $233K Reduce -7.8%
VOX Vanguard Communication Servi 0.02% 1,575 $229K Add +5.0%
ALGN Align Technology Inc. 0.02% 887 $226K No change
LRCX Lam Research Corp. 0.02% 273 $222K Add +0.4%
VOO Vanguard S&P 500 ETF 0.02% 418 $220K Add +0.2%
SCHO Schwab Short-Term US Treas 0.02% 4,426 $217K Add +0.1%
STZ Constellation Brands Inc. Class A 0.02% 810 $209K Reduce -5.4%
PR Permian Resources Corp. Class A 0.02% 14,674 $200K Add +25.7%
CRK Comstock Resources Inc. 0.02% 16,000 $178K Reduce -11.1%
ENLC Enlink Midstream LLC 0.01% 10,500 $152K Reduce -16.0%
SLNG Stabilis Solutions Inc. 0.01% 28,182 $134K No change
REI Ring Energy Inc. 0.00% 27,061 $43K No change

Portfolio Sells Q2 2024 → Q3 2024
GOOG Alphabet Inc. Class C Reduce -0.4% 4.00% −0.70
MSFT Microsoft Corp. Reduce -0.3% 4.87% −0.54
AMAT Applied Materials Inc. Reduce -1.5% 1.47% −0.39
FDX FedEx Corp. Reduce -0.2% 1.82% −0.31
EQT Eqt Corp. Reduce -12.9% 1.18% −0.28
JPM JPMorgan Chase & Co. Reduce -7.5% 2.38% −0.25
K Kellanova Sold out 0.00% −0.13
CNI Canadian Natl Railway Co. Reduce -5.0% 0.81% −0.11
FIS Fidelity National Info Serv Sold out 0.00% −0.10
DIS The Walt Disney Co. Reduce -4.4% 0.61% −0.09
CVS CVS Health Corp. Reduce -25.4% 0.21% −0.07
DLTR Dollar Tree Inc. Sold out 0.00% −0.06
GOOGL Alphabet Inc. Class A Reduce -2.4% 0.29% −0.06
MRK Merck & Co. Inc. Reduce -0.3% 0.33% −0.06
BHP BHP Group Ltd.-Spon ADR Reduce -14.1% 0.35% −0.05
SBOW Silverbow Resources Inc. Sold out 0.00% −0.04
SWKS Skyworks Solutions Inc. Reduce -39.9% 0.04% −0.04
DEO Diageo PLC-Sponsored ADR Reduce -9.6% 0.48% −0.03
CSCO Cisco Systems Inc. Reduce -12.5% 0.30% −0.03
DVN Devon Energy Corp. Sold out 0.00% −0.02
CFR Cullen/Frost Bankers Inc. Reduce -8.2% 0.32% −0.02
SYK Stryker Corp. Reduce -0.4% 1.78% −0.02
COP Conocophillips Reduce -1.1% 0.09% −0.02
EPD Enterprise Products Partners Reduce -1.5% 0.18% −0.01
NTRS Northern Trust Corp. Reduce -8.1% 0.16% −0.01
CTVA Corteva Inc. Reduce -3.5% 0.83% −0.01
PSX Phillips 66 Reduce -7.0% 0.04% −0.01
TJX TJX Companies Inc. Reduce -3.5% 0.23% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -5.3% 0.09% −0.01
CAH Cardinal Health Inc. Reduce -5.9% 0.65% −0.01
GILD Gilead Sciences Inc. Reduce -24.1% 0.03% −0.00
FRD Friedman Industries Reduce -3.7% 0.08% −0.00
QQQ Invesco QQQ Trust Series 1 Reduce -7.8% 0.02% −0.00
ENLC Enlink Midstream LLC Reduce -16.0% 0.01% −0.00
STZ Constellation Brands Inc. Class A Reduce -5.4% 0.02% −0.00
CRK Comstock Resources Inc. Reduce -11.1% 0.02% −0.00
TXN Texas Instruments Inc. Reduce -4.4% 0.03% −0.00
AVGO Broadcom Inc. Reduce -2.5% 0.08% −0.00
DHR Danaher Corp. Reduce -4.4% 0.35% −0.00
THO Thor Industries Inc. Reduce -3.4% 0.04% +0.00
TSLA Tesla Inc. Reduce -10.6% 0.03% +0.00
PLD Prologis Inc. Reduce -3.5% 0.26% +0.00
HD Home Depot Inc. Reduce -5.8% 0.16% +0.01
ABBV Abbvie Inc. Reduce -0.1% 0.09% +0.01
BIP Brookfield Infrastructure Pa Reduce -4.6% 0.07% +0.01
KO The Coca-Cola Co. Reduce -1.9% 0.36% +0.01
NOW ServiceNow Inc. Reduce -2.2% 0.36% +0.01
STE Steris PLC Reduce -1.6% 0.83% +0.02
NKE Nike Inc. Class B Reduce -6.2% 0.57% +0.02
STEL Stellar Bancorp Inc. Reduce -1.2% 0.44% +0.02

Portfolio Buys Q2 2024 → Q3 2024
EXP Eagle Materials Inc. Add +0.1% 1.10% +0.21
ENB Enbridge Inc. Add +43.0% 0.55% +0.19
WMT Walmart Inc. Add +1.0% 1.63% +0.19
T AT&T Inc. Add +14.2% 0.75% +0.14
MA Mastercard Inc. Class A Add +5.6% 1.19% +0.12
FLOT iShares Floating Rate Bond E Add +109.0% 0.17% +0.08
SBUX Starbucks Corp. Add +7.9% 0.34% +0.07
NVDA Nvidia Corp. Add +14.6% 1.26% +0.07
PFE Pfizer Inc. Add +8.8% 1.18% +0.06
CRGY Crescent Energy Inc. Class A New 0.06% +0.06
LAZ Lazard Inc. Add +6.1% 0.22% +0.05
ADBE Adobe Inc. Add +26.4% 0.56% +0.05
TSM Taiwan Semiconductor-SP ADR Add +67.1% 0.14% +0.05
CRM Salesforce Inc. Add +6.8% 0.80% +0.05
VRSK Verisk Analytics Inc. Add +21.6% 0.41% +0.05
ASML ASML Holding NV-NY Reg SHS Add +44.8% 0.48% +0.05
DOW Dow Inc. Add +23.9% 0.25% +0.04
IQV Iqvia Holdings Inc. Add +0.1% 0.74% +0.04
WTW Willis Towers Watson PLC Add +4.1% 0.41% +0.04
ABT Abbott Laboratories Add +1.7% 0.83% +0.04
LMT Lockheed Martin Corp. Add +5.8% 0.18% +0.03
WDAY Workday Inc. Class A Add +6.6% 0.41% +0.03
MMM 3M Co. New 0.03% +0.03
SKWD Skyward Specialty Insurance Add +8.6% 0.20% +0.03
BNS Bank of Nova Scotia New 0.03% +0.03
BKNG Booking Holdings Inc. Add +1.9% 1.65% +0.02
GPN Global Payments Inc. Add +2.6% 0.86% +0.02
ZTS Zoetis Inc. Add +4.7% 0.13% +0.01
BMY Bristol-Myers Squibb Co. Add +16.2% 0.03% +0.01
ETN Eaton Corp. PLC Add +2.1% 0.61% +0.01
OKE Oneok Inc. Add +2.9% 0.10% +0.01
SCHB Schwab US Broad Market ETF Add +6.7% 0.13% +0.01
PM Philip Morris International Add +0.1% 0.05% +0.01
IBTX Independent Bank Group Inc. Add +0.0% 0.03% +0.00
MO Altria Group Inc. Add +0.1% 0.04% +0.00
VCIT Vanguard Int-Term Corporate Add +5.4% 0.03% +0.00
VOX Vanguard Communication Servi Add +5.0% 0.02% +0.00
PR Permian Resources Corp. Class A Add +25.7% 0.02% −0.00
VOO Vanguard S&P 500 ETF Add +0.2% 0.02% −0.00
VGT Vanguard Info Tech ETF Add +1.0% 0.02% −0.00
SCHO Schwab Short-Term US Treas Add +0.1% 0.02% −0.00
COST Costco Wholesale Corp. Add +0.1% 0.07% −0.00
MAIN Main Street Capital Corp. Add +4.6% 0.08% −0.00
PAA Plains All Amer Pipeline LP Add +0.1% 0.04% −0.00
WM Waste Management Inc. Add +0.2% 0.04% −0.00
V Visa Inc. Class A Add +0.0% 0.24% −0.00
LRCX Lam Research Corp. Add +0.4% 0.02% −0.01
PG The Procter & Gamble Co. Add +0.8% 1.57% −0.01
FANG Diamondback Energy Inc. Add +1.4% 0.11% −0.02
PEP Pepsico Inc. Add +1.8% 1.48% −0.03

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