Callahan Advisors, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Callahan Advisors, LLC reported 174 stock positions worth $1.2 billion. Its top holding was Alphabet Class C (GOOG) at 6.8% of the portfolio, followed by Meta Platforms Class A (META, 5.5%) and Microsoft (MSFT, 5.0%). Compared with Q3 2025, it opened 16 new positions, sold out of 10, added to 51 and reduced 83. The biggest buy was a new position in Intuit (INTU) and the biggest sale Meta Platforms Class A (META, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Houston, TX
- CIK
- 0001395055
- Portfolio Value
- $1.2B (Q4 2025)
- SEC Filing
- 0001140361-26-004098 ↗ filed Feb 6, 2026
Holdings Value
Holdings 174 stocks · $1.2B
| GOOG Alphabet Inc. Class C | 6.79% | 263,165 | $82.6M | Reduce -4.1% |
| META Meta Platforms Inc. Class A | 5.51% | 101,641 | $67.1M | Reduce -0.2% |
| MSFT Microsoft Corp. | 4.96% | 124,699 | $60.3M | Reduce 0.0% |
| AMZN Amazon.com Inc. | 4.29% | 225,933 | $52.1M | Add +0.9% |
| AAPL Apple Inc. | 3.16% | 141,312 | $38.4M | Reduce -3.3% |
| BN Brookfield Corp. | 2.65% | 703,895 | $32.3M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 2.56% | 96,573 | $31.1M | Reduce -1.3% |
| CB Chubb Ltd. | 2.50% | 97,378 | $30.4M | Add +1.9% |
| NVDA Nvidia Corp. | 2.49% | 162,742 | $30.4M | Add +3.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.45% | 59,264 | $29.8M | Add +0.6% |
| CAT Caterpillar Inc. | 2.40% | 50,869 | $29.1M | Reduce -6.5% |
| NEE Nextera Energy Inc. | 2.13% | 322,591 | $25.9M | Reduce -1.0% |
| JNJ Johnson & Johnson | 2.05% | 120,569 | $25.0M | Reduce -2.5% |
| BKNG Booking Holdings Inc. | 2.04% | 4,626 | $24.8M | Add +1.9% |
| LLY Eli Lilly & Co. | 1.69% | 19,162 | $20.6M | Add +2.5% |
| EQT Eqt Corp. | 1.58% | 357,933 | $19.2M | Add +3.2% |
| MA Mastercard Inc. Class A | 1.57% | 33,529 | $19.1M | Add +8.2% |
| AMAT Applied Materials Inc. | 1.56% | 73,955 | $19.0M | Reduce -2.1% |
| FDX FedEx Corp. | 1.54% | 64,930 | $18.8M | Reduce -1.8% |
| MCD McDonald's Corp. | 1.54% | 61,366 | $18.8M | Add +5.9% |
| PEP Pepsico Inc. | 1.54% | 130,291 | $18.7M | Reduce -5.5% |
| SYK Stryker Corp. | 1.39% | 48,176 | $16.9M | Reduce -1.5% |
| WMT Walmart Inc. | 1.32% | 144,216 | $16.1M | Reduce -4.2% |
| XOM Exxon Mobil Corp. | 1.32% | 133,193 | $16.0M | Reduce -2.2% |
| UNH Unitedhealth Group Inc. | 1.29% | 47,470 | $15.7M | Reduce -4.4% |
| PFE Pfizer Inc. | 1.28% | 627,718 | $15.6M | Reduce -12.1% |
| PG The Procter & Gamble Co. | 1.18% | 100,593 | $14.4M | Reduce -5.8% |
| LOW Lowe's Cos Inc. | 1.18% | 59,307 | $14.3M | Reduce -1.3% |
| ASML ASML Holding NV-NY Reg SHS | 1.16% | 13,209 | $14.1M | Add +2.5% |
| CVX Chevron Corp. | 1.06% | 84,653 | $12.9M | Reduce -2.4% |
| STE Steris PLC | 0.96% | 46,164 | $11.7M | Reduce -5.4% |
| FTNT Fortinet Inc. | 0.88% | 135,496 | $10.8M | Reduce -1.7% |
| ABT Abbott Laboratories | 0.86% | 83,798 | $10.5M | Reduce -1.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.84% | 33,498 | $10.2M | Add +6.0% |
| DY Dycom Industries Inc. | 0.83% | 30,009 | $10.1M | Reduce -7.9% |
| IQV Iqvia Holdings Inc. | 0.80% | 43,139 | $9.7M | Reduce -4.4% |
| CRM Salesforce Inc. | 0.80% | 36,637 | $9.7M | Reduce -9.4% |
| CTVA Corteva Inc. | 0.77% | 139,237 | $9.3M | Reduce -6.9% |
| EXP Eagle Materials Inc. | 0.76% | 44,774 | $9.3M | Reduce -1.0% |
| URI United Rentals Inc. | 0.75% | 11,280 | $9.1M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 0.74% | 28,811 | $9.0M | Reduce -2.3% |
| PAYX Paychex Inc. | 0.74% | 80,216 | $9.0M | Add +8.6% |
| KMI Kinder Morgan Inc. | 0.72% | 320,229 | $8.8M | Reduce -5.0% |
| ETN Eaton Corp. PLC | 0.69% | 26,208 | $8.3M | Add +0.7% |
| WELL Welltower Inc. | 0.68% | 44,585 | $8.3M | Reduce -2.6% |
| ADBE Adobe Inc. | 0.62% | 21,529 | $7.5M | Reduce -22.2% |
| CVS CVS Health Corp. | 0.59% | 90,913 | $7.2M | Add +2.4% |
| CAH Cardinal Health Inc. | 0.56% | 33,333 | $6.8M | Reduce -23.1% |
| INTU Intuit Inc. | 0.55% | 10,121 | $6.7M | New |
| AXP American Express Co. | 0.54% | 17,829 | $6.6M | Add +0.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.49% | 52,599 | $6.0M | Reduce -2.2% |
| ENB Enbridge Inc. | 0.48% | 121,965 | $5.8M | Add +1.6% |
| CNI Canadian Natl Railway Co. | 0.47% | 58,422 | $5.8M | Reduce -25.1% |
| WTW Willis Towers Watson PLC | 0.47% | 17,270 | $5.7M | Reduce -2.4% |
| ACN Accenture PLC Class A | 0.45% | 20,371 | $5.5M | Reduce -2.4% |
| PLD Prologis Inc. | 0.43% | 41,064 | $5.2M | Add +0.2% |
| CSCO Cisco Systems Inc. | 0.42% | 66,442 | $5.1M | Reduce -0.7% |
| STEL Stellar Bancorp Inc. | 0.41% | 162,234 | $5.0M | Reduce -0.3% |
| PRI Primerica Inc. | 0.39% | 18,297 | $4.7M | New |
| T AT&T Inc. | 0.38% | 186,237 | $4.6M | Reduce -24.1% |
| CTAS Cintas Corp. | 0.37% | 23,924 | $4.5M | Reduce -27.3% |
| NFLX Netflix Inc. | 0.35% | 44,944 | $4.2M | Add +926.1% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.32% | 100,791 | $3.9M | Reduce -12.9% |
| VRSK Verisk Analytics Inc. | 0.31% | 16,797 | $3.8M | Reduce -18.0% |
| KO The Coca-Cola Co. | 0.31% | 53,693 | $3.8M | Reduce -0.3% |
| NTRS Northern Trust Corp. | 0.29% | 26,227 | $3.6M | Reduce -1.2% |
| TRI Thomson Reuters Corp. | 0.29% | 26,314 | $3.5M | No change |
| MSCI MSCI Inc. | 0.28% | 5,990 | $3.4M | New |
| CFR Cullen/Frost Bankers Inc. | 0.27% | 26,333 | $3.3M | Reduce -2.5% |
| V Visa Inc. Class A | 0.27% | 9,240 | $3.2M | Add +0.0% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.26% | 20,869 | $3.2M | Reduce -2.6% |
| CLX Clorox Company | 0.26% | 31,564 | $3.2M | New |
| BRK.A Berkshire Hathaway Inc. Class A | 0.25% | 4 | $3.0M | No change |
| NOW ServiceNow Inc. | 0.24% | 19,442 | $3.0M | Reduce -0.3% |
| HD Home Depot Inc. | 0.24% | 8,485 | $2.9M | Add +0.2% |
| WDAY Workday Inc. Class A | 0.24% | 13,346 | $2.9M | Reduce -21.8% |
| LAZ Lazard Inc. | 0.22% | 56,271 | $2.7M | Reduce -4.1% |
| RTX RTX Corp. | 0.22% | 14,875 | $2.7M | No change |
| SKWD Skyward Specialty Insurance | 0.22% | 53,032 | $2.7M | No change |
| HSY The Hershey Co. | 0.21% | 14,155 | $2.6M | Reduce -10.5% |
| FSLR First Solar Inc. | 0.21% | 9,602 | $2.5M | New |
| GEV GE Vernova Inc. | 0.20% | 3,814 | $2.5M | Add +834.8% |
| EPD Enterprise Products Partners | 0.20% | 77,205 | $2.5M | Add +0.2% |
| MRK Merck & Co. Inc. | 0.20% | 23,402 | $2.5M | Reduce -2.1% |
| DHR Danaher Corp. | 0.20% | 10,751 | $2.5M | Reduce -8.5% |
| GD General Dynamics Corp. | 0.20% | 7,147 | $2.4M | No change |
| LMT Lockheed Martin Corp. | 0.20% | 4,958 | $2.4M | Add +5.3% |
| MELI MercadoLibre Inc. | 0.19% | 1,165 | $2.3M | New |
| EOG EOG Resources Inc. | 0.19% | 22,251 | $2.3M | Reduce -7.9% |
| KVUE Kenvue Inc. | 0.19% | 134,405 | $2.3M | Add +66.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 3,250 | $2.2M | Reduce -1.2% |
| BHP BHP Group Ltd.-Spon ADR | 0.18% | 36,168 | $2.2M | Reduce -13.6% |
| UL Unilever PLC | 0.18% | 32,651 | $2.1M | Reduce -13.2% |
| PM Philip Morris International | 0.17% | 12,981 | $2.1M | Add +0.6% |
| SCHB Schwab US Broad Market ETF | 0.17% | 77,229 | $2.0M | Reduce -1.4% |
| FLOT iShares Floating Rate Bond E | 0.16% | 38,626 | $2.0M | Add +0.0% |
| FISV Fiserv Inc. | 0.16% | 28,668 | $1.9M | Add +224.7% |
| BF.B Brown-Forman Corp. Class B | 0.15% | 71,249 | $1.9M | Reduce -0.6% |
| BFK BlackRock Municipal Inc. TRST | 0.15% | 179,326 | $1.8M | No change |
| XYL Xylem Inc. | 0.14% | 12,641 | $1.7M | New |
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Reduce -0.2% | 5.51% | −0.84 |
| MSFT Microsoft Corp. | Reduce 0.0% | 4.96% | −0.53 |
| PFE Pfizer Inc. | Reduce -12.1% | 1.28% | −0.26 |
| ENTG Entegris Inc. | Reduce -90.8% | 0.02% | −0.25 |
| PAYC Paycom Software Inc. | Reduce -64.9% | 0.09% | −0.24 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.23 |
| ADBE Adobe Inc. | Reduce -22.2% | 0.62% | −0.21 |
| PG The Procter & Gamble Co. | Reduce -5.8% | 1.18% | −0.21 |
| T AT&T Inc. | Reduce -24.1% | 0.38% | −0.21 |
| CTAS Cintas Corp. | Reduce -27.3% | 0.37% | −0.20 |
| UNH Unitedhealth Group Inc. | Reduce -4.4% | 1.29% | −0.17 |
| URI United Rentals Inc. | Reduce -0.1% | 0.75% | −0.17 |
| CNI Canadian Natl Railway Co. | Reduce -25.1% | 0.47% | −0.15 |
| SYK Stryker Corp. | Reduce -1.5% | 1.39% | −0.14 |
| EXP Eagle Materials Inc. | Reduce -1.0% | 0.76% | −0.13 |
| VRSK Verisk Analytics Inc. | Reduce -18.0% | 0.31% | −0.13 |
| BN Brookfield Corp. | Reduce -1.4% | 2.65% | −0.12 |
| GPN Global Payments Inc. | Sold out | 0.00% | −0.11 |
| WDAY Workday Inc. Class A | Reduce -21.8% | 0.24% | −0.11 |
| PEP Pepsico Inc. | Reduce -5.5% | 1.54% | −0.11 |
| LOW Lowe's Cos Inc. | Reduce -1.3% | 1.18% | −0.11 |
| ABT Abbott Laboratories | Reduce -1.4% | 0.86% | −0.10 |
| FTNT Fortinet Inc. | Reduce -1.7% | 0.88% | −0.10 |
| DHI D.R. Horton Inc. | Reduce -43.5% | 0.08% | −0.10 |
| CTVA Corteva Inc. | Reduce -6.9% | 0.77% | −0.09 |
| KMI Kinder Morgan Inc. | Reduce -5.0% | 0.72% | −0.09 |
| CVX Chevron Corp. | Reduce -2.4% | 1.06% | −0.08 |
| STE Steris PLC | Reduce -5.4% | 0.96% | −0.06 |
| SBUX Starbucks Corp. | Reduce -78.5% | 0.02% | −0.06 |
| JPM JPMorgan Chase & Co. | Reduce -1.3% | 2.56% | −0.06 |
| NOW ServiceNow Inc. | Reduce -0.3% | 0.24% | −0.06 |
| DEO Diageo PLC-Sponsored ADR | Reduce -27.6% | 0.10% | −0.06 |
| WTW Willis Towers Watson PLC | Reduce -2.4% | 0.47% | −0.05 |
| NKE Nike Inc. Class B | Reduce -17.9% | 0.11% | −0.04 |
| HSY The Hershey Co. | Reduce -10.5% | 0.21% | −0.04 |
| LAZ Lazard Inc. | Reduce -4.1% | 0.22% | −0.04 |
| EOG EOG Resources Inc. | Reduce -7.9% | 0.19% | −0.04 |
| ORCL Oracle Corp. | Reduce -23.1% | 0.03% | −0.03 |
| DIS The Walt Disney Co. | Reduce -2.2% | 0.49% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.03 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.03 |
| SLB SLB Ltd. | Reduce -12.9% | 0.32% | −0.02 |
| BRO Brown & Brown Inc. | Sold out | 0.00% | −0.02 |
| BHP BHP Group Ltd.-Spon ADR | Reduce -13.6% | 0.18% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Sold out | 0.00% | −0.02 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −0.02 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.02 |
| ARLP Alliance Resource Partners | Sold out | 0.00% | −0.02 |
| CFR Cullen/Frost Bankers Inc. | Reduce -2.5% | 0.27% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| INTU Intuit Inc. | New | 0.55% | +0.55 |
| LLY Eli Lilly & Co. | Add +2.5% | 1.69% | +0.48 |
| PRI Primerica Inc. | New | 0.39% | +0.39 |
| NFLX Netflix Inc. | Add +926.1% | 0.35% | +0.30 |
| MSCI MSCI Inc. | New | 0.28% | +0.28 |
| CLX Clorox Company | New | 0.26% | +0.26 |
| CB Chubb Ltd. | Add +1.9% | 2.50% | +0.21 |
| FSLR First Solar Inc. | New | 0.21% | +0.21 |
| MELI MercadoLibre Inc. | New | 0.19% | +0.19 |
| GEV GE Vernova Inc. | Add +834.8% | 0.20% | +0.18 |
| XYL Xylem Inc. | New | 0.14% | +0.14 |
| D Dominion Energy Inc. | New | 0.14% | +0.14 |
| AMZN Amazon.com Inc. | Add +0.9% | 4.29% | +0.11 |
| ASML ASML Holding NV-NY Reg SHS | Add +2.5% | 1.16% | +0.10 |
| DVA Davita Inc. | New | 0.09% | +0.09 |
| TSM Taiwan Semiconductor-SP ADR | Add +6.0% | 0.84% | +0.09 |
| KVUE Kenvue Inc. | Add +66.9% | 0.19% | +0.08 |
| MA Mastercard Inc. Class A | Add +8.2% | 1.57% | +0.08 |
| VST Vistra Corp. | New | 0.07% | +0.07 |
| FISV Fiserv Inc. | Add +224.7% | 0.16% | +0.06 |
| LIN Linde PLC | New | 0.06% | +0.06 |
| GE General Electric | Add +287.2% | 0.07% | +0.05 |
| MCD McDonald's Corp. | Add +5.9% | 1.54% | +0.05 |
| AXP American Express Co. | Add +0.0% | 0.54% | +0.04 |
| PLD Prologis Inc. | Add +0.2% | 0.43% | +0.03 |
| SEI Solaris Energy Infrastructur | New | 0.03% | +0.03 |
| CVS CVS Health Corp. | Add +2.4% | 0.59% | +0.02 |
| MU Micron Technology Inc. | New | 0.02% | +0.02 |
| CRGY Crescent Energy Inc. Class A | Add +46.6% | 0.07% | +0.02 |
| TRGP Targa Resources Corp. | New | 0.02% | +0.02 |
| CRK Comstock Resources Inc. | New | 0.02% | +0.02 |
| DLTR Dollar Tree Inc. | Add +6.2% | 0.06% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +12.7% | 0.06% | +0.01 |
| BNS Bank of Nova Scotia | Add +13.5% | 0.05% | +0.01 |
| IBOC International Bancshares CRP | Add +32.5% | 0.05% | +0.01 |
| LRCX Lam Research Corp. | Add +3.8% | 0.04% | +0.01 |
| PAGP Plains GP Holdings LP | Add +25.9% | 0.02% | +0.01 |
| KGEI Kolibri Global Energy Inc. | New | 0.00% | +0.00 |
| PR Permian Resources Corp. Class A | Add +4.8% | 0.03% | +0.00 |
| GILD Gilead Sciences Inc. | Add +0.2% | 0.03% | +0.00 |
| NVDA Nvidia Corp. | Add +3.5% | 2.49% | +0.00 |
| AVGO Broadcom Inc. | Add +0.3% | 0.10% | +0.00 |
| MRVL Marvell Technology Inc. | Add +7.8% | 0.02% | +0.00 |
| TSLA Tesla Inc. | Add +4.8% | 0.04% | +0.00 |
| PAA Plains All Amer Pipeline LP | Add +0.1% | 0.03% | +0.00 |
| REI Ring Energy Inc. | Add +53.5% | 0.00% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +0.3% | 0.04% | −0.00 |
| EPD Enterprise Products Partners | Add +0.2% | 0.20% | −0.00 |
| V Visa Inc. Class A | Add +0.0% | 0.27% | −0.00 |
| OKE Oneok Inc. | Add +0.0% | 0.07% | −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 |