Callahan Advisors, LLC

CIK

1395055

Location

Houston, TX

Portfolio Value

Micro $23,190,887

Diversification

Diversified

Filing Date

Global Rank

#1,403 / 8,232 ▲ 122

Top Industry

Drug Manufacturers - General 6.0%

3Y Alpha vs SPY

-6.2%

Period ended 2 months ago

Filed May 12, 2026 · 33d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+50.4%

SPY

+76.3%

Annualised alpha

-6.2%

Max drawdown

−15.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

166 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.2%

−0.8 pts

Top 5

19.9%

−2.6 pts

Top 10

33.0%

−2.9 pts

HHI

195

Diversified−19

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	19.7%	$219,910,680	25
Financial Services	17.1%	$190,850,591	27
Healthcare	12.5%	$139,735,460	18
Consumer Cyclical	10.6%	$118,351,072	11
Industrials	10.3%	$115,158,571	19
Energy	8.7%	$97,012,269	26
Communication Services	7.7%	$86,435,038	6
Consumer Defensive	6.6%	$73,471,824	13
Utilities	3.1%	$34,482,916	6
Basic Materials	2.1%	$23,190,887	9
Real Estate	1.2%	$13,925,330	3
Unclassified	0.4%	$4,285,854	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NFLX	Netflix Inc	+62,488	107,432	$10,329,586
DVA	Davita Inc.	+25,547	35,139	$5,400,512
CLX	Clorox Co /De/	+25,228	56,792	$5,885,354
EQT	EQT Corp	+15,845	373,778	$23,787,231
D	Dominion Energy, Inc	+13,094	41,369	$2,557,431
CVS	CVS HEALTH Corp	+12,169	103,082	$7,403,349
PAYX	Paychex Inc	+8,875	89,091	$8,207,062
NVDA	Nvidia Corp	+8,543	171,285	$29,872,104
MSCI	MSCI Inc.	+8,540	14,530	$7,831,815
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+7,879	41,377	$13,983,357
AMZN	Amazon Com Inc	+7,830	233,763	$48,685,820
PRI	Primerica, Inc.	+7,043	25,340	$6,347,163
FRD	Friedman Industries Inc	+5,758	50,530	$895,391
GE	General Electric Co	+5,620	8,470	$2,403,531
FSLR	First Solar, Inc.	+4,491	14,093	$2,779,985
MA	Mastercard Inc	+4,349	37,878	$18,926,121
FISV	Fiserv Inc	+4,170	32,838	$1,832,360
INTU	Intuit Inc.	+3,529	13,650	$5,901,987
MCD	Mcdonalds Corp	+2,849	64,215	$19,957,379
WTW	Willis Towers Watson PLC	+2,658	19,928	$5,793,069
PEP	Pepsico Inc	+2,435	132,726	$20,611,020
CB	Chubb Ltd	+1,987	99,365	$32,386,034
VRSK	Verisk Analytics, Inc.	+1,973	18,770	$3,561,607
XYL	Xylem Inc.	+1,942	14,583	$1,742,668
GEV	GE Vernova Inc.	+1,854	5,668	$4,947,597
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PFE	Pfizer Inc	−65,185	562,533	$15,795,926
CRGY	Crescent Energy Co	−31,178	75,001	$1,012,513
T	At&T Inc.	−25,628	160,609	$4,656,054
NEE	Nextera Energy Inc	−19,631	302,960	$28,138,924
CRM	Salesforce, Inc.	−13,624	23,013	$4,295,836
EXP	Eagle Materials Inc	−12,227	32,547	$6,166,029
JNJ	Johnson & Johnson	−11,085	109,484	$26,762,268
DEO	Diageo PLC	−10,695	3,155	$234,889
KMI	Kinder Morgan, Inc.	−10,216	310,013	$10,394,735
WDAY	Workday, Inc.	−9,910	3,436	$446,405
ENB	Enbridge Inc	−9,420	112,545	$6,093,186
UNH	Unitedhealth Group Inc	−9,038	38,432	$10,399,314
ADBE	Adobe Inc.	−9,036	12,493	$3,036,798
ABT	Abbott Laboratories	−8,896	74,902	$7,690,188
WMT	Walmart Inc.	−8,858	135,358	$16,822,292
NOW	ServiceNow, Inc.	−6,920	12,522	$1,309,175
AMAT	Applied Materials Inc /De	−6,840	67,115	$22,939,235
CTAS	Cintas Corp	−6,497	17,427	$2,947,602
CAT	Caterpillar Inc	−6,429	44,440	$31,483,962
CVX	Chevron Corp	−6,217	78,436	$16,228,408
CAH	Cardinal Health Inc	−6,216	27,117	$5,730,093
XOM	Exxon Mobil Corp	−4,301	128,892	$21,867,816
EOG	Eog Resources Inc	−3,940	18,311	$2,647,221
FDX	Fedex Corp	−3,644	61,286	$21,828,847
IBOC	International Bancshares Corp	−3,207	6,050	$407,104
No positions match the current search.

New Positions

Positions the filer opened this quarter

14 positions

Ticker	Company	Shares	Value
MHD	Blackrock Muniholdings Fund, Inc.	236,644	$2,669,344
ADP	Automatic Data Processing Inc	11,400	$2,316,252
UL	Unilever PLC	32,651	$1,860,127
MYI	Blackrock Muniyield Quality Fund III, Inc.	55,692	$585,322
MQY	Blackrock Muniyield Quality Fund, Inc.	40,194	$441,330
SHEL	Shell plc	3,995	$371,535
SSRM	Ssr Mining Inc.	10,587	$311,257
SA	Seabridge Gold Inc	9,736	$275,918
CGAU	Centerra Gold Inc.	14,920	$265,426
SKE	Skeena Resources Ltd	8,523	$253,303
HBAN	Huntington Bancshares Inc /Md/	16,185	$253,295
ARLP	Alliance Resource Partners LP	8,000	$221,200
AR	ANTERO RESOURCES Corp	5,000	$212,200
VZ	Verizon Communications Inc	4,100	$205,820
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
ENTG	Entegris Inc	3,160	$266,230
BX	Blackstone Inc.	1,635	$252,018
STZ	Constellation Brands, Inc.	1,789	$246,810
SBUX	Starbucks Corp	2,393	$201,514
KGEI	Kolibri Global Energy Inc.	11,000	$43,230
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

9 positions · $23,190,887 total · Basic Materials only · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CTVA	Corteva, Inc. Basic Materials	Reduced	136,550	-2,687	$11,430,600	+22.5%	49.29%
EXP	Eagle Materials Inc Basic Materials	Reduced	32,547	-12,227	$6,166,029	−33.4%	26.59%
BHP	BHP Group Ltd Basic Materials	Reduced	35,675	-493	$2,594,999	+18.8%	11.19%
LIN	Linde PLC Basic Materials	Added	2,013	+318	$997,964	+38.1%	4.30%
FRD	Friedman Industries Inc Basic Materials	Added	50,530	+5,758	$895,391	−2.4%	3.86%
SSRM	Ssr Mining Inc. Basic Materials	NEW	10,587	NEW	$311,257	NEW	1.34%
SA	Seabridge Gold Inc Basic Materials	NEW	9,736	NEW	$275,918	NEW	1.19%
CGAU	Centerra Gold Inc. Basic Materials	NEW	14,920	NEW	$265,426	NEW	1.14%
SKE	Skeena Resources Ltd Basic Materials	NEW	8,523	NEW	$253,303	NEW	1.09%