Callahan Advisors, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 31, 2025), Callahan Advisors, LLC reported 166 stock positions worth $1.1 billion. Its top holding was Meta Platforms Class A (META) at 5.9% of the portfolio, followed by Microsoft (MSFT, 4.9%) and Alphabet Class C (GOOG, 4.6%). Compared with Q3 2024, it opened 27 new positions, sold out of 5, added to 69 and reduced 51. The biggest buy was Alphabet Class C (GOOG, shares +5%) and the biggest sale Meta Platforms Class A (META, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- Houston, TX
- CIK
- 0001395055
- Portfolio Value
- $1.1B (Q4 2024)
- SEC Filing
- 0001140361-25-002693 ↗ filed Jan 31, 2025
Holdings Value
Holdings 166 stocks · $1.1B
| META Meta Platforms Inc. Class A | 5.88% | 106,718 | $62.5M | Reduce -5.1% |
| MSFT Microsoft Corp. | 4.88% | 123,014 | $51.9M | Add +6.0% |
| GOOG Alphabet Inc. Class C | 4.62% | 257,842 | $49.1M | Add +5.0% |
| AMZN Amazon.com Inc. | 4.35% | 210,803 | $46.2M | Add +1.9% |
| AAPL Apple Inc. | 4.02% | 170,380 | $42.7M | Reduce -2.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.59% | 60,711 | $27.5M | Add +1.6% |
| BN Brookfield Corp. | 2.56% | 473,692 | $27.2M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 2.44% | 108,115 | $25.9M | Reduce -6.6% |
| CB Chubb Ltd. | 2.38% | 91,560 | $25.3M | Reduce -0.4% |
| UNH Unitedhealth Group Inc. | 2.09% | 43,835 | $22.2M | Add +0.6% |
| BKNG Booking Holdings Inc. | 1.90% | 4,065 | $20.2M | Add +1.2% |
| CAT Caterpillar Inc. | 1.87% | 54,899 | $19.9M | Reduce -0.8% |
| FDX FedEx Corp. | 1.80% | 68,008 | $19.1M | Reduce -0.5% |
| WMT Walmart Inc. | 1.73% | 202,905 | $18.3M | Reduce -2.1% |
| SYK Stryker Corp. | 1.72% | 50,864 | $18.3M | Add +0.3% |
| JNJ Johnson & Johnson | 1.67% | 122,709 | $17.7M | Add +3.8% |
| MCD McDonald's Corp. | 1.63% | 59,810 | $17.3M | Add +8.2% |
| XOM Exxon Mobil Corp. | 1.58% | 156,264 | $16.8M | Reduce -2.7% |
| PEP Pepsico Inc. | 1.52% | 105,880 | $16.1M | Add +18.5% |
| CVX Chevron Corp. | 1.50% | 109,706 | $15.9M | Add +1.9% |
| LOW Lowe's Cos Inc. | 1.49% | 64,198 | $15.8M | Reduce -2.2% |
| PG The Procter & Gamble Co. | 1.48% | 93,733 | $15.7M | Add +0.9% |
| EQT Eqt Corp. | 1.46% | 335,946 | $15.5M | Add +2.0% |
| NEE Nextera Energy Inc. | 1.44% | 214,018 | $15.3M | Reduce -0.9% |
| NVDA Nvidia Corp. | 1.41% | 111,825 | $15.0M | Add +5.1% |
| MA Mastercard Inc. Class A | 1.25% | 25,277 | $13.3M | Add +1.8% |
| FTNT Fortinet Inc. | 1.24% | 139,641 | $13.2M | Reduce -0.7% |
| PFE Pfizer Inc. | 1.22% | 488,294 | $13.0M | Add +16.5% |
| KMI Kinder Morgan Inc. | 1.19% | 461,177 | $12.6M | Reduce -3.7% |
| AMAT Applied Materials Inc. | 1.15% | 75,287 | $12.2M | Add +1.0% |
| PAYX Paychex Inc. | 1.09% | 82,794 | $11.6M | Reduce -2.5% |
| EOG EOG Resources Inc. | 1.05% | 90,893 | $11.1M | Reduce -9.6% |
| LLY Eli Lilly & Co. | 1.04% | 14,334 | $11.1M | Reduce -3.7% |
| ACN Accenture PLC Class A | 1.00% | 30,212 | $10.6M | Reduce -1.7% |
| CRM Salesforce Inc. | 0.96% | 30,366 | $10.2M | Add +1.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.91% | 251,124 | $9.6M | Add +0.7% |
| EXP Eagle Materials Inc. | 0.90% | 38,726 | $9.6M | Reduce -1.8% |
| ABT Abbott Laboratories | 0.90% | 84,439 | $9.6M | Add +13.5% |
| GPN Global Payments Inc. | 0.86% | 81,897 | $9.2M | Reduce -5.1% |
| CNI Canadian Natl Railway Co. | 0.84% | 87,463 | $8.9M | Add +23.1% |
| CTVA Corteva Inc. | 0.78% | 145,542 | $8.3M | Add +0.2% |
| T AT&T Inc. | 0.76% | 353,854 | $8.1M | Add +0.6% |
| STE Steris PLC | 0.75% | 38,569 | $7.9M | Add +9.3% |
| IQV Iqvia Holdings Inc. | 0.66% | 35,719 | $7.0M | Add +10.9% |
| CAH Cardinal Health Inc. | 0.66% | 59,328 | $7.0M | Reduce -2.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.66% | 62,932 | $7.0M | Reduce -2.7% |
| URI United Rentals Inc. | 0.63% | 9,575 | $6.7M | Reduce -2.9% |
| CTAS Cintas Corp. | 0.62% | 36,016 | $6.6M | Reduce -3.6% |
| ADBE Adobe Inc. | 0.61% | 14,566 | $6.5M | Add +30.2% |
| ETN Eaton Corp. PLC | 0.61% | 19,459 | $6.5M | Add +2.9% |
| ENB Enbridge Inc. | 0.55% | 138,311 | $5.9M | Reduce -0.1% |
| DY Dycom Industries Inc. | 0.52% | 31,448 | $5.5M | Add +1.0% |
| GOOGL Alphabet Inc. Class A | 0.51% | 28,671 | $5.4M | Add +58.1% |
| WELL Welltower Inc. | 0.50% | 42,443 | $5.3M | Reduce -6.8% |
| AXP American Express Co. | 0.50% | 17,825 | $5.3M | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.48% | 7,292 | $5.1M | Add +24.5% |
| STEL Stellar Bancorp Inc. | 0.44% | 166,730 | $4.7M | Reduce -4.4% |
| VRSK Verisk Analytics Inc. | 0.44% | 17,003 | $4.7M | Add +9.4% |
| WTW Willis Towers Watson PLC | 0.43% | 14,744 | $4.6M | Add +2.5% |
| DHI D.R. Horton Inc. | 0.43% | 32,768 | $4.6M | Reduce -6.4% |
| WDAY Workday Inc. Class A | 0.41% | 16,768 | $4.3M | Reduce -2.2% |
| TRI Thomson Reuters Corp. | 0.40% | 26,314 | $4.2M | No change |
| NOW ServiceNow Inc. | 0.39% | 3,915 | $4.2M | Reduce -4.4% |
| PAYC Paycom Software Inc. | 0.39% | 20,040 | $4.1M | No change |
| NKE Nike Inc. Class B | 0.36% | 51,245 | $3.9M | Reduce -23.2% |
| CSCO Cisco Systems Inc. | 0.36% | 65,500 | $3.9M | Add +14.2% |
| CFR Cullen/Frost Bankers Inc. | 0.35% | 27,966 | $3.8M | Reduce -6.0% |
| SBUX Starbucks Corp. | 0.32% | 36,777 | $3.4M | Add +2.3% |
| KO The Coca-Cola Co. | 0.31% | 52,616 | $3.3M | Add +2.6% |
| HD Home Depot Inc. | 0.30% | 8,286 | $3.2M | Add +109.8% |
| PLD Prologis Inc. | 0.28% | 27,804 | $2.9M | Add +30.9% |
| DHR Danaher Corp. | 0.27% | 12,708 | $2.9M | Reduce -1.3% |
| V Visa Inc. Class A | 0.26% | 8,879 | $2.8M | Add +0.0% |
| ENTG Entegris Inc. | 0.26% | 28,043 | $2.8M | Add +35.6% |
| MRK Merck & Co. Inc. | 0.26% | 27,636 | $2.7M | Reduce -8.1% |
| LAZ Lazard Inc. | 0.26% | 52,965 | $2.7M | Add +15.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.26% | 4 | $2.7M | New |
| BHP BHP Group Ltd.-Spon ADR | 0.25% | 54,613 | $2.7M | Reduce -5.4% |
| EPD Enterprise Products Partners | 0.25% | 83,836 | $2.6M | Add +34.7% |
| UL Unilever PLC | 0.25% | 46,100 | $2.6M | No change |
| SKWD Skyward Specialty Insurance | 0.24% | 50,254 | $2.5M | No change |
| BFK BlackRock Municipal Inc. TRST | 0.24% | 255,263 | $2.5M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.23% | 19,911 | $2.4M | Reduce -1.1% |
| DEO Diageo PLC-Sponsored ADR | 0.21% | 17,728 | $2.3M | Reduce -49.7% |
| LMT Lockheed Martin Corp. | 0.21% | 4,615 | $2.2M | Add +46.0% |
| ZTS Zoetis Inc. | 0.20% | 13,105 | $2.1M | Add +90.4% |
| DOW Dow Inc. | 0.19% | 51,049 | $2.0M | Add +10.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.19% | 10,319 | $2.0M | Add +23.4% |
| GD General Dynamics Corp. | 0.18% | 7,197 | $1.9M | No change |
| NTRS Northern Trust Corp. | 0.18% | 18,457 | $1.9M | Add +0.0% |
| FISV Fiserv Inc. | 0.17% | 8,960 | $1.8M | Reduce -0.3% |
| RTX RTX Corp. | 0.16% | 14,523 | $1.7M | Add +0.0% |
| QSR Restaurant Brands Intern | 0.15% | 25,030 | $1.6M | No change |
| FLOT iShares Floating Rate Bond E | 0.14% | 30,284 | $1.5M | Reduce -10.0% |
| ORCL Oracle Corp. | 0.13% | 8,306 | $1.4M | New |
| CVS CVS Health Corp. | 0.12% | 29,248 | $1.3M | Reduce -14.3% |
| FE Firstenergy Corp. | 0.12% | 32,600 | $1.3M | No change |
| SCHB Schwab US Broad Market ETF | 0.12% | 56,693 | $1.3M | Reduce -2.3% |
| MKTX Marketaxess Holdings Inc. | 0.12% | 5,503 | $1.2M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 5,558 | $1.2M | Add +81.0% |
Portfolio Sells Q3 2024 → Q4 2024
| META Meta Platforms Inc. Class A | Reduce -5.1% | 5.88% | −0.39 |
| NEE Nextera Energy Inc. | Reduce -0.9% | 1.44% | −0.33 |
| DEO Diageo PLC-Sponsored ADR | Reduce -49.7% | 0.21% | −0.27 |
| XOM Exxon Mobil Corp. | Reduce -2.7% | 1.58% | −0.25 |
| LLY Eli Lilly & Co. | Reduce -3.7% | 1.04% | −0.24 |
| LOW Lowe's Cos Inc. | Reduce -2.2% | 1.49% | −0.24 |
| CAT Caterpillar Inc. | Reduce -0.8% | 1.87% | −0.23 |
| DHI D.R. Horton Inc. | Reduce -6.4% | 0.43% | −0.22 |
| NKE Nike Inc. Class B | Reduce -23.2% | 0.36% | −0.21 |
| EXP Eagle Materials Inc. | Reduce -1.8% | 0.90% | −0.21 |
| CB Chubb Ltd. | Reduce -0.4% | 2.38% | −0.20 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.16 |
| EOG EOG Resources Inc. | Reduce -9.6% | 1.05% | −0.16 |
| URI United Rentals Inc. | Reduce -2.9% | 0.63% | −0.14 |
| CTAS Cintas Corp. | Reduce -3.6% | 0.62% | −0.13 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -5.4% | 0.25% | −0.10 |
| CVS CVS Health Corp. | Reduce -14.3% | 0.12% | −0.09 |
| DHR Danaher Corp. | Reduce -1.3% | 0.27% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -8.1% | 0.26% | −0.07 |
| WELL Welltower Inc. | Reduce -6.8% | 0.50% | −0.06 |
| ACN Accenture PLC Class A | Reduce -1.7% | 1.00% | −0.06 |
| SWKS Skyworks Solutions Inc. | Reduce -46.8% | 0.02% | −0.02 |
| FDX FedEx Corp. | Reduce -0.5% | 1.80% | −0.02 |
| FLOT iShares Floating Rate Bond E | Reduce -10.0% | 0.14% | −0.02 |
| ALGN Align Technology Inc. | Sold out | 0.00% | −0.02 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.02 |
| SCHO Schwab Short-Term US Treas | Sold out | 0.00% | −0.02 |
| PAYX Paychex Inc. | Reduce -2.5% | 1.09% | −0.02 |
| ENLC Enlink Midstream LLC | Sold out | 0.00% | −0.01 |
| THO Thor Industries Inc. | Reduce -15.4% | 0.03% | −0.01 |
| FANG Diamondback Energy Inc. | Reduce -1.5% | 0.10% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -11.8% | 0.06% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -2.3% | 0.12% | −0.00 |
| TJX TJX Companies Inc. | Reduce -1.1% | 0.23% | −0.00 |
| VCIT Vanguard Int-Term Corporate | Reduce -6.2% | 0.02% | −0.00 |
| REI Ring Energy Inc. | Reduce -7.4% | 0.00% | −0.00 |
| WDAY Workday Inc. Class A | Reduce -2.2% | 0.41% | −0.00 |
| GPN Global Payments Inc. | Reduce -5.1% | 0.86% | +0.00 |
| ENB Enbridge Inc. | Reduce -0.1% | 0.55% | +0.00 |
| CRK Comstock Resources Inc. | Reduce -18.8% | 0.02% | +0.00 |
| STEL Stellar Bancorp Inc. | Reduce -4.4% | 0.44% | +0.00 |
| OKE Oneok Inc. | Reduce -0.9% | 0.10% | +0.01 |
| CAH Cardinal Health Inc. | Reduce -2.4% | 0.66% | +0.01 |
| TSLA Tesla Inc. | Reduce -17.6% | 0.03% | +0.01 |
| CRGY Crescent Energy Inc. Class A | Reduce -4.0% | 0.07% | +0.01 |
| FISV Fiserv Inc. | Reduce -0.3% | 0.17% | +0.02 |
| AVGO Broadcom Inc. | Reduce -5.2% | 0.10% | +0.02 |
| CFR Cullen/Frost Bankers Inc. | Reduce -6.0% | 0.35% | +0.03 |
| NOW ServiceNow Inc. | Reduce -4.4% | 0.39% | +0.03 |
| DIS The Walt Disney Co. | Reduce -2.7% | 0.66% | +0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| GOOG Alphabet Inc. Class C | Add +5.0% | 4.62% | +0.62 |
| AMZN Amazon.com Inc. | Add +1.9% | 4.35% | +0.60 |
| EQT Eqt Corp. | Add +2.0% | 1.46% | +0.28 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.26% | +0.26 |
| BKNG Booking Holdings Inc. | Add +1.2% | 1.90% | +0.25 |
| BFK BlackRock Municipal Inc. TRST | New | 0.24% | +0.24 |
| GOOGL Alphabet Inc. Class A | Add +58.1% | 0.51% | +0.22 |
| CRM Salesforce Inc. | Add +1.3% | 0.96% | +0.16 |
| NVDA Nvidia Corp. | Add +5.1% | 1.41% | +0.15 |
| HD Home Depot Inc. | Add +109.8% | 0.30% | +0.15 |
| ORCL Oracle Corp. | New | 0.13% | +0.13 |
| BLE BlackRock Muni Inc. TR II | New | 0.11% | +0.11 |
| UNP Union Pacific Corp. | New | 0.10% | +0.10 |
| XMVTX BlackRock Munivest Fund II | New | 0.09% | +0.09 |
| NUV Nuveen Municipal Value | New | 0.08% | +0.08 |
| ABT Abbott Laboratories | Add +13.5% | 0.90% | +0.07 |
| NBH Neuberger Municipal Fund Inc. | New | 0.07% | +0.07 |
| EPD Enterprise Products Partners | Add +34.7% | 0.25% | +0.07 |
| ZTS Zoetis Inc. | Add +90.4% | 0.20% | +0.07 |
| CSCO Cisco Systems Inc. | Add +14.2% | 0.36% | +0.07 |
| PM Philip Morris International | Add +153.8% | 0.11% | +0.06 |
| BA The Boeing Co. | New | 0.06% | +0.06 |
| MA Mastercard Inc. Class A | Add +1.8% | 1.25% | +0.06 |
| REGN Regeneron Pharmaceuticals | New | 0.06% | +0.06 |
| WM Waste Management Inc. | Add +163.7% | 0.09% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Add +23.4% | 0.19% | +0.05 |
| EMR Emerson Electric Co. | New | 0.05% | +0.05 |
| IBM Intl Business Machines Corp. | Add +81.0% | 0.12% | +0.05 |
| ADBE Adobe Inc. | Add +30.2% | 0.61% | +0.05 |
| NVT Nvent Electric PLC | New | 0.04% | +0.04 |
| OXY Occidental Petroleum Corp. | New | 0.04% | +0.04 |
| PFE Pfizer Inc. | Add +16.5% | 1.22% | +0.04 |
| PEP Pepsico Inc. | Add +18.5% | 1.52% | +0.04 |
| VRSK Verisk Analytics Inc. | Add +9.4% | 0.44% | +0.03 |
| ENTG Entegris Inc. | Add +35.6% | 0.26% | +0.03 |
| ARLP Alliance Resource Partners | New | 0.03% | +0.03 |
| LAZ Lazard Inc. | Add +15.6% | 0.26% | +0.03 |
| GILD Gilead Sciences Inc. | Add +109.3% | 0.06% | +0.03 |
| LMT Lockheed Martin Corp. | Add +46.0% | 0.21% | +0.03 |
| HSY The Hershey Co. | New | 0.03% | +0.03 |
| V Visa Inc. Class A | Add +0.0% | 0.26% | +0.03 |
| MRVL Marvell Technology Inc. | New | 0.02% | +0.02 |
| NFLX Netflix Inc. | New | 0.02% | +0.02 |
| CNI Canadian Natl Railway Co. | Add +23.1% | 0.84% | +0.02 |
| BRO Brown & Brown Inc. | New | 0.02% | +0.02 |
| CBZ Cbiz Inc. | New | 0.02% | +0.02 |
| WTW Willis Towers Watson PLC | Add +2.5% | 0.43% | +0.02 |
| CADE Cadence Bank | New | 0.02% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.02% | +0.02 |
| SO The Southern Co. | New | 0.02% | +0.02 |
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 |