Callahan Advisors, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Callahan Advisors, LLC reported 177 stock positions worth $1.2 billion. Its top holding was Alphabet Class C (GOOG) at 5.9% of the portfolio, followed by Meta Platforms Class A (META, 4.9%) and Amazon.com (AMZN, 4.1%). Compared with Q4 2025, it opened 13 new positions, sold out of 10, added to 62 and reduced 78. The biggest buy was Netflix (NFLX, shares +139%) and the biggest sale Alphabet Class C (GOOG, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- Houston, TX
- CIK
- 0001395055
- Portfolio Value
- $1.2B (Q1 2026)
- SEC Filing
- 0001140361-26-020771 ↗ filed May 12, 2026
Holdings Value
Holdings 177 stocks · $1.2B
| GOOG Alphabet Inc. Class C | 5.92% | 247,326 | $70.9M | Reduce -6.0% |
| META Meta Platforms Inc. Class A | 4.86% | 101,838 | $58.3M | Add +0.2% |
| AMZN Amazon.com Inc. | 4.06% | 233,763 | $48.7M | Add +3.5% |
| MSFT Microsoft Corp. | 3.90% | 126,164 | $46.7M | Add +1.2% |
| AAPL Apple Inc. | 2.98% | 140,543 | $35.7M | Reduce -0.5% |
| CB Chubb Ltd. | 2.70% | 99,365 | $32.4M | Add +2.0% |
| CAT Caterpillar Inc. | 2.63% | 44,440 | $31.5M | Reduce -12.6% |
| NVDA Nvidia Corp. | 2.49% | 171,285 | $29.9M | Add +5.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.39% | 59,689 | $28.6M | Add +0.7% |
| BN Brookfield Corp. | 2.38% | 705,673 | $28.6M | Add +0.3% |
| NEE Nextera Energy Inc. | 2.35% | 302,960 | $28.1M | Reduce -6.1% |
| JPM JPMorgan Chase & Co. | 2.34% | 95,408 | $28.1M | Reduce -1.2% |
| JNJ Johnson & Johnson | 2.23% | 109,484 | $26.8M | Reduce -9.2% |
| EQT Eqt Corp. | 1.99% | 373,778 | $23.8M | Add +4.4% |
| AMAT Applied Materials Inc. | 1.91% | 67,115 | $22.9M | Reduce -9.3% |
| BKNG Booking Holdings Inc. | 1.83% | 5,196 | $21.9M | Add +12.3% |
| XOM Exxon Mobil Corp. | 1.83% | 128,892 | $21.9M | Reduce -3.2% |
| FDX FedEx Corp. | 1.82% | 61,286 | $21.8M | Reduce -5.6% |
| PEP Pepsico Inc. | 1.72% | 132,726 | $20.6M | Add +1.9% |
| MCD McDonald's Corp. | 1.67% | 64,215 | $20.0M | Add +4.6% |
| MA Mastercard Inc. Class A | 1.58% | 37,878 | $18.9M | Add +13.0% |
| LLY Eli Lilly & Co. | 1.55% | 20,163 | $18.5M | Add +5.2% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 1.49% | 13,511 | $17.8M | Add +2.3% |
| WMT Walmart Inc. | 1.40% | 135,358 | $16.8M | Reduce -6.1% |
| CVX Chevron Corp. | 1.35% | 78,436 | $16.2M | Reduce -7.3% |
| SYK Stryker Corp. | 1.35% | 49,373 | $16.2M | Add +2.5% |
| PFE Pfizer Inc. | 1.32% | 562,533 | $15.8M | Reduce -10.4% |
| PG The Procter & Gamble Co. | 1.20% | 99,526 | $14.4M | Reduce -1.1% |
| TSM Taiwan Semiconductor-SP ADR | 1.17% | 41,377 | $14.0M | Add +23.5% |
| LOW Lowe's Cos Inc. | 1.13% | 57,282 | $13.5M | Reduce -3.4% |
| CTVA Corteva Inc. | 0.95% | 136,550 | $11.4M | Reduce -1.9% |
| FTNT Fortinet Inc. | 0.92% | 135,586 | $11.1M | Add +0.1% |
| UNH Unitedhealth Group Inc. | 0.87% | 38,432 | $10.4M | Reduce -19.0% |
| KMI Kinder Morgan Inc. | 0.87% | 310,013 | $10.4M | Reduce -3.2% |
| NFLX Netflix Inc. | 0.86% | 107,432 | $10.3M | Add +139.0% |
| STE Steris PLC | 0.85% | 45,914 | $10.2M | Reduce -0.5% |
| DY Dycom Industries Inc. | 0.80% | 28,129 | $9.5M | Reduce -6.3% |
| ETN Eaton Corp. PLC | 0.77% | 25,811 | $9.2M | Reduce -1.5% |
| WELL Welltower Inc. | 0.70% | 42,367 | $8.4M | Reduce -5.0% |
| PAYX Paychex Inc. | 0.69% | 89,091 | $8.2M | Add +11.1% |
| URI United Rentals Inc. | 0.67% | 10,975 | $8.0M | Reduce -2.7% |
| MSCI MSCI Inc. | 0.65% | 14,530 | $7.8M | Add +142.6% |
| GOOGL Alphabet Inc. Class A | 0.65% | 27,028 | $7.8M | Reduce -6.2% |
| ABT Abbott Laboratories | 0.64% | 74,902 | $7.7M | Reduce -10.6% |
| IQV Iqvia Holdings Inc. | 0.63% | 44,491 | $7.6M | Add +3.1% |
| CVS CVS Health Corp. | 0.62% | 103,082 | $7.4M | Add +13.4% |
| PRI Primerica Inc. | 0.53% | 25,340 | $6.3M | Add +38.5% |
| EXP Eagle Materials Inc. | 0.51% | 32,547 | $6.2M | Reduce -27.3% |
| ENB Enbridge Inc. | 0.51% | 112,545 | $6.1M | Reduce -7.7% |
| STEL Stellar Bancorp Inc. | 0.50% | 162,161 | $5.9M | Reduce -0.0% |
| INTU Intuit Inc. | 0.49% | 13,650 | $5.9M | Add +34.9% |
| CLX Clorox Company | 0.49% | 56,792 | $5.9M | Add +79.9% |
| WTW Willis Towers Watson PLC | 0.48% | 19,928 | $5.8M | Add +15.4% |
| CNI Canadian Natl Railway Co. | 0.48% | 55,891 | $5.7M | Reduce -4.3% |
| CAH Cardinal Health Inc. | 0.48% | 27,117 | $5.7M | Reduce -18.6% |
| DVA Davita Inc. | 0.45% | 35,139 | $5.4M | Add +266.3% |
| AXP American Express Co. | 0.45% | 17,829 | $5.4M | No change |
| PLD Prologis Inc. | 0.44% | 39,585 | $5.2M | Reduce -3.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.43% | 54,024 | $5.2M | Add +2.7% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.43% | 100,478 | $5.2M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 0.42% | 64,624 | $5.0M | Reduce -2.7% |
| GEV GE Vernova Inc. | 0.41% | 5,668 | $4.9M | Add +48.6% |
| T AT&T Inc. | 0.39% | 160,609 | $4.7M | Reduce -13.8% |
| MELI MercadoLibre Inc. | 0.38% | 2,649 | $4.6M | Add +127.4% |
| CRM Salesforce Inc. | 0.36% | 23,013 | $4.3M | Reduce -37.2% |
| KO The Coca-Cola Co. | 0.34% | 54,043 | $4.1M | Add +0.7% |
| ACN Accenture PLC Class A | 0.34% | 20,704 | $4.1M | Add +1.6% |
| NTRS Northern Trust Corp. | 0.31% | 26,946 | $3.8M | Add +2.7% |
| VRSK Verisk Analytics Inc. | 0.30% | 18,770 | $3.6M | Add +11.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.28% | 20,771 | $3.3M | Reduce -0.5% |
| CFR Cullen/Frost Bankers Inc. | 0.28% | 24,154 | $3.3M | Reduce -8.3% |
| ADBE Adobe Inc. | 0.25% | 12,493 | $3.0M | Reduce -42.0% |
| LMT Lockheed Martin Corp. | 0.25% | 4,890 | $3.0M | Reduce -1.4% |
| CTAS Cintas Corp. | 0.25% | 17,427 | $2.9M | Reduce -27.2% |
| HSY The Hershey Co. | 0.25% | 14,155 | $2.9M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.24% | 4 | $2.9M | No change |
| RTX RTX Corp. | 0.24% | 14,826 | $2.9M | Reduce -0.3% |
| EPD Enterprise Products Partners | 0.24% | 74,606 | $2.8M | Reduce -3.4% |
| MRK Merck & Co. Inc. | 0.23% | 23,402 | $2.8M | No change |
| FSLR First Solar Inc. | 0.23% | 14,093 | $2.8M | Add +46.8% |
| V Visa Inc. Class A | 0.23% | 9,191 | $2.8M | Reduce -0.5% |
| MHD BlackRock Muniholdings Fund | 0.22% | 236,644 | $2.7M | New |
| EOG EOG Resources Inc. | 0.22% | 18,311 | $2.6M | Reduce -17.7% |
| HD Home Depot Inc. | 0.22% | 7,912 | $2.6M | Reduce -6.8% |
| BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED | 0.22% | 35,675 | $2.6M | Reduce -1.4% |
| D Dominion Energy Inc. | 0.21% | 41,369 | $2.6M | Add +46.3% |
| GD General Dynamics Corp. | 0.20% | 7,147 | $2.5M | No change |
| GE General Electric filed as GE AEROSPACE | 0.20% | 8,470 | $2.4M | Add +197.2% |
| TRI Thomson Reuters Corp. | 0.20% | 26,314 | $2.4M | No change |
| LAZ Lazard Inc. | 0.19% | 54,776 | $2.3M | Reduce -2.7% |
| KVUE Kenvue Inc. | 0.19% | 134,405 | $2.3M | No change |
| SKWD Skyward Specialty Insurance | 0.19% | 53,032 | $2.3M | No change |
| ADP Automatic Data Processing | 0.19% | 11,400 | $2.3M | New |
| SCHB Schwab US Broad Market ETF | 0.18% | 86,689 | $2.2M | Add +12.3% |
| PM Philip Morris International | 0.18% | 12,948 | $2.1M | Reduce -0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 3,242 | $2.1M | Reduce -0.3% |
| BF.B Brown-Forman Corp. Class B | 0.16% | 71,249 | $1.9M | No change |
| UL Unilever PLC-Sponsored ADR | 0.16% | 32,651 | $1.9M | No change |
| QSR Restaurant Brands Intern | 0.15% | 25,030 | $1.8M | No change |
| FISV Fiserv Inc. | 0.15% | 32,838 | $1.8M | Add +14.6% |
Portfolio Sells Q4 2025 → Q1 2026
| GOOG Alphabet Inc. Class C | Reduce -6.0% | 5.92% | −0.87 |
| CRM Salesforce Inc. | Reduce -37.2% | 0.36% | −0.44 |
| UNH Unitedhealth Group Inc. | Reduce -19.0% | 0.87% | −0.42 |
| ADBE Adobe Inc. | Reduce -42.0% | 0.25% | −0.37 |
| EXP Eagle Materials Inc. | Reduce -27.3% | 0.51% | −0.25 |
| ABT Abbott Laboratories | Reduce -10.6% | 0.64% | −0.22 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 2.34% | −0.22 |
| WDAY Workday Inc. Class A | Reduce -74.3% | 0.04% | −0.20 |
| AAPL Apple Inc. | Reduce -0.5% | 2.98% | −0.18 |
| BFK BlackRock Municipal Inc. TRST | Sold out | 0.00% | −0.15 |
| NOW ServiceNow Inc. | Reduce -35.6% | 0.11% | −0.14 |
| CTAS Cintas Corp. | Reduce -27.2% | 0.25% | −0.12 |
| STE Steris PLC | Reduce -0.5% | 0.85% | −0.11 |
| GOOGL Alphabet Inc. Class A | Reduce -6.2% | 0.65% | −0.09 |
| CAH Cardinal Health Inc. | Reduce -18.6% | 0.48% | −0.08 |
| URI United Rentals Inc. | Reduce -2.7% | 0.67% | −0.08 |
| BLE BlackRock Muni Inc. TR II | Sold out | 0.00% | −0.08 |
| DEO Diageo PLC-Sponsored ADR | Reduce -77.2% | 0.02% | −0.08 |
| DHR Danaher Corp. | Reduce -14.3% | 0.15% | −0.06 |
| XMVTX BlackRock Munivest Fund II | Sold out | 0.00% | −0.05 |
| LOW Lowe's Cos Inc. | Reduce -3.4% | 1.13% | −0.05 |
| PAYC Paycom Software Inc. | Reduce -30.8% | 0.05% | −0.04 |
| DY Dycom Industries Inc. | Reduce -6.3% | 0.80% | −0.04 |
| XBKNX BlackRock Invest QLTY Muni | Sold out | 0.00% | −0.04 |
| V Visa Inc. Class A | Reduce -0.5% | 0.23% | −0.03 |
| DHI D.R. Horton Inc. | Reduce -37.7% | 0.05% | −0.03 |
| LAZ Lazard Inc. | Reduce -2.7% | 0.19% | −0.03 |
| NKE Nike Inc. Class B | Reduce -13.8% | 0.08% | −0.03 |
| CADE Cadence Bank | Sold out | 0.00% | −0.02 |
| HD Home Depot Inc. | Reduce -6.8% | 0.22% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -6.5% | 0.08% | −0.02 |
| ENTG Entegris Inc. | Sold out | 0.00% | −0.02 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.02 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.02 |
| IBOC International Bancshares CRP | Reduce -34.6% | 0.03% | −0.02 |
| FLOT iShares Floating Rate Bond E | Reduce -11.8% | 0.14% | −0.02 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.02 |
| AVGO Broadcom Inc. | Reduce -2.5% | 0.09% | −0.01 |
| ISRG Intuitive Surgical Inc. | Reduce -7.2% | 0.03% | −0.01 |
| ORCL Oracle Corp. | Reduce -3.3% | 0.03% | −0.01 |
| ABBV Abbvie Inc. | Reduce -4.1% | 0.10% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.3% | 0.18% | −0.01 |
| KGEI Kolibri Global Energy Inc. | Sold out | 0.00% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -2.7% | 0.42% | −0.00 |
| IESC Ies Holdings Inc. | Reduce -22.2% | 0.03% | −0.00 |
| VCIT Vanguard Int-Term Corporate | Reduce -3.4% | 0.02% | −0.00 |
| TXN Texas Instruments Inc. | Reduce -5.3% | 0.03% | +0.00 |
| REI Ring Energy Inc. | Reduce -7.0% | 0.01% | +0.00 |
| MU Micron Technology Inc. | Reduce -8.7% | 0.02% | +0.00 |
| CFR Cullen/Frost Bankers Inc. | Reduce -8.3% | 0.28% | +0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| NFLX Netflix Inc. | Add +139.0% | 0.86% | +0.52 |
| EQT Eqt Corp. | Add +4.4% | 1.99% | +0.41 |
| MSCI MSCI Inc. | Add +142.6% | 0.65% | +0.37 |
| DVA Davita Inc. | Add +266.3% | 0.45% | +0.36 |
| TSM Taiwan Semiconductor-SP ADR | Add +23.5% | 1.17% | +0.33 |
| ASML ASML Holding NV-NY Reg SHS | Add +2.3% | 1.49% | +0.33 |
| CLX Clorox Company | Add +79.9% | 0.49% | +0.23 |
| MHD BlackRock Muniholdings Fund | New | 0.22% | +0.22 |
| GEV GE Vernova Inc. | Add +48.6% | 0.41% | +0.21 |
| CB Chubb Ltd. | Add +2.0% | 2.70% | +0.20 |
| ADP Automatic Data Processing | New | 0.19% | +0.19 |
| MELI MercadoLibre Inc. | Add +127.4% | 0.38% | +0.19 |
| PEP Pepsico Inc. | Add +1.9% | 1.72% | +0.18 |
| PRI Primerica Inc. | Add +38.5% | 0.53% | +0.14 |
| GE General Electric | Add +197.2% | 0.20% | +0.13 |
| MCD McDonald's Corp. | Add +4.6% | 1.67% | +0.12 |
| D Dominion Energy Inc. | Add +46.3% | 0.21% | +0.08 |
| MYI BlackRock Muniyield QLTY III | New | 0.05% | +0.05 |
| FTNT Fortinet Inc. | Add +0.1% | 0.92% | +0.04 |
| MQY BlackRock Muniyield Quality | New | 0.04% | +0.04 |
| KO The Coca-Cola Co. | Add +0.7% | 0.34% | +0.03 |
| SHEL Shell PLC-ADR | New | 0.03% | +0.03 |
| SSRM SSR Mining Inc. | New | 0.03% | +0.03 |
| FSLR First Solar Inc. | Add +46.8% | 0.23% | +0.03 |
| CVS CVS Health Corp. | Add +13.4% | 0.62% | +0.02 |
| LIN Linde PLC | Add +18.8% | 0.08% | +0.02 |
| SA Seabridge Gold Inc. | New | 0.02% | +0.02 |
| CGAU Centerra Gold Inc. | New | 0.02% | +0.02 |
| HBAN Huntington Bancshares Inc. | New | 0.02% | +0.02 |
| SKE Skeena Resources Ltd. | New | 0.02% | +0.02 |
| NTRS Northern Trust Corp. | Add +2.7% | 0.31% | +0.02 |
| ARLP Alliance Resource Partners | New | 0.02% | +0.02 |
| AR Antero Resources Corp. | New | 0.02% | +0.02 |
| VZ Verizon Communications Inc. | New | 0.02% | +0.02 |
| WTW Willis Towers Watson PLC | Add +15.4% | 0.48% | +0.02 |
| SCHB Schwab US Broad Market ETF | Add +12.3% | 0.18% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +6.4% | 0.07% | +0.01 |
| LRCX Lam Research Corp. | Add +0.1% | 0.05% | +0.01 |
| VST Vistra Corp. | Add +23.5% | 0.08% | +0.01 |
| SEI Solaris Energy Infrastructur | Add +14.3% | 0.04% | +0.01 |
| MO Altria Group Inc. | Add +0.7% | 0.06% | +0.01 |
| PAA Plains All Amer Pipeline LP | Add +0.1% | 0.04% | +0.01 |
| MA Mastercard Inc. Class A | Add +13.0% | 1.58% | +0.01 |
| GLD SPDR Gold Shares | Add +15.4% | 0.03% | +0.01 |
| WM Waste Management Inc. | Add +0.1% | 0.11% | +0.01 |
| GILD Gilead Sciences Inc. | Add +0.1% | 0.04% | +0.00 |
| XYL Xylem Inc. | Add +15.4% | 0.15% | +0.00 |
| O Realty Income Corp. | Add +5.1% | 0.03% | +0.00 |
| BNS Bank of Nova Scotia | Add +9.2% | 0.06% | +0.00 |
| RF Regions Financial Corp. | Add +3.0% | 0.08% | +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 |