Callahan Advisors, LLC
Long book
$1.20B
Q1 2026
Positions
177
Top-10 weight
34%
concentration
Last quarter
+11.4%
SPY +14.8%
Turnover
13%
of book per quarter
Strategy in plain words
auto-generated from filingsCallahan Advisors, LLC is a diversified fundamental manager, running a $1.20B US long book across 177 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ALPHABET INC-CL C, META PLATFORMS INC-CLASS A, AMAZON.COM INC, MICROSOFT CORP, APPLE INC.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.2%
Q2 2024
+7.6%
Q3 2024
+0.8%
Q4 2024
-1.7%
Q1 2025
+6.1%
Q2 2025
+5.9%
Q3 2025
+3.7%
Q4 2025
-1.4%
Q1 2026
+11.4%
Sector allocation
Technology 28%
Industrials 13%
Financials 12%
Healthcare 11%
Consumer discretionary 10%
Energy 7%
Services media 6%
Utilities 4%
Long book by quarter
What does Callahan Advisors, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOG ALPHABET INC-CL C | Technology | 247.3K | $70.9M | 5.9% | -6.0% |
| META META PLATFORMS INC-CLASS A | Technology | 101.8K | $58.3M | 4.9% | +0.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 233.8K | $48.7M | 4.1% | +3.5% |
| MSFT MICROSOFT CORP | Technology | 126.2K | $46.7M | 3.9% | +1.2% |
| AAPL APPLE INC | Technology | 140.5K | $35.7M | 3.0% | -0.5% |
| CB CHUBB LTD | Financials | 99.4K | $32.4M | 2.7% | +2.0% |
| CAT CATERPILLAR INC | Industrials | 44.4K | $31.5M | 2.6% | -12.6% |
| NVDA NVIDIA CORP | Technology | 171.3K | $29.9M | 2.5% | +5.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 59.7K | $28.6M | 2.4% | +0.7% |
| BN BROOKFIELD CORP | Real estate | 705.7K | $28.6M | 2.4% | +0.3% |
| NEE NEXTERA ENERGY INC | Utilities | 303.0K | $28.1M | 2.3% | -6.1% |
| JPM JPMORGAN CHASE & CO | Financials | 95.4K | $28.1M | 2.3% | -1.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 109.5K | $26.8M | 2.2% | -9.2% |
| EQT EQT CORP | Energy | 373.8K | $23.8M | 2.0% | +4.4% |
| AMAT APPLIED MATERIALS INC | Technology | 67.1K | $22.9M | 1.9% | -9.2% |
| BKNG BOOKING HOLDINGS INC | Industrials | 5.2K | $21.9M | 1.8% | +12.3% |
| XOM EXXON MOBIL CORP | Energy | 128.9K | $21.9M | 1.8% | -3.2% |
| FDX FEDEX CORP | Industrials | 61.3K | $21.8M | 1.8% | -5.6% |
| PEP PEPSICO INC | Consumer staples | 132.7K | $20.6M | 1.7% | +1.9% |
| MCD MCDONALD'S CORP | Consumer discretionary | 64.2K | $20.0M | 1.7% | +4.6% |
| MA MASTERCARD INC - A | Services media | 37.9K | $18.9M | 1.6% | +13.0% |
| LLY ELI LILLY & CO | Healthcare | 20.2K | $18.5M | 1.5% | +5.2% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 13.5K | $17.8M | 1.5% | +2.3% |
| WMT WALMART INC | Consumer discretionary | 135.4K | $16.8M | 1.4% | -6.1% |
| CVX CHEVRON CORP | Energy | 78.4K | $16.2M | 1.4% | -7.3% |
| SYK STRYKER CORP | Healthcare | 49.4K | $16.2M | 1.4% | +2.5% |
| PFE PFIZER INC | Healthcare | 562.5K | $15.8M | 1.3% | -10.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 99.5K | $14.4M | 1.2% | -1.1% |
| LOW LOWE'S COS INC | Consumer discretionary | 57.3K | $13.5M | 1.1% | -3.4% |
| CTVA CORTEVA INC | Consumer staples | 136.6K | $11.4M | 1.0% | -1.9% |
| FTNT FORTINET INC | Technology | 135.6K | $11.1M | 0.9% | +0.1% |
| UNH UNITEDHEALTH GROUP INC | Financials | 38.4K | $10.4M | 0.9% | -19.0% |
| KMI KINDER MORGAN INC | Utilities | 310.0K | $10.4M | 0.9% | -3.2% |
| NFLX NETFLIX INC | Services media | 107.4K | $10.3M | 0.9% | +139.0% |
| STE STERIS PLC | Healthcare | 45.9K | $10.2M | 0.8% | -0.5% |
| DY DYCOM INDUSTRIES INC | Industrials | 28.1K | $9.5M | 0.8% | -6.3% |
| ETN EATON CORP PLC | Industrials | 25.8K | $9.2M | 0.8% | -1.5% |
| PAYX PAYCHEX INC | Services media | 89.1K | $8.2M | 0.7% | +11.1% |
| URI UNITED RENTALS INC | Services media | 11.0K | $8.0M | 0.7% | -2.7% |
| MSCI MSCI INC | Services media | 14.5K | $7.8M | 0.7% | +142.6% |
| GOOGL ALPHABET INC-CL A | Technology | 27.0K | $7.8M | 0.6% | -6.2% |
| ABT ABBOTT LABORATORIES | Healthcare | 74.9K | $7.7M | 0.6% | -10.6% |
| IQV IQVIA HOLDINGS INC | Healthcare | 44.5K | $7.6M | 0.6% | +3.1% |
| CVS CVS HEALTH CORP | Healthcare | 103.1K | $7.4M | 0.6% | +13.4% |
| PRI PRIMERICA INC | Financials | 25.3K | $6.3M | 0.5% | +38.5% |
| EXP EAGLE MATERIALS INC | Industrials | 32.5K | $6.2M | 0.5% | -27.3% |
| ENB ENBRIDGE INC | Energy | 112.5K | $6.1M | 0.5% | -7.7% |
| STEL STELLAR BANCORP INC | Financials | 162.2K | $5.9M | 0.5% | 0.0% |
| INTU INTUIT INC | Technology | 13.7K | $5.9M | 0.5% | +34.9% |
| CLX CLOROX COMPANY | Other | 56.8K | $5.9M | 0.5% | +79.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 177 | $1.20B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 174 | $1.22B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 168 | $1.18B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 173 | $1.11B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 162 | $1.05B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 166 | $1.06B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 30, 2024 | 144 | $1.03B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 29, 2024 | 146 | $961.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 24, 2024 | 144 | $953.5M | canonical | SEC ↗ |
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