Q4 2025 · 13F-HR
Callahan Advisors, LLCholdings as filed
Filed 2026-02-06 · accession 0001140361-26-004098
$1.22B
Reported value
174
Positions
2025-12-31
Period end
The Brief · Callahan Advisors, LLC · Q4 2025
AI · grounded in 13F
Callahan Advisors, LLC established a new position in INTU with a $6.7M investment. The fund also opened a new stake in PRI worth $4.7M and increased its holdings in NFLX by 10,161%. Conversely, the fund closed its entire position in ZTS, resulting in a $2.7M reduction.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 02079K107 | GOOG | Alphabet Inc Class C | $82.6M | 6.79% | 263,165 | Common | SOLE |
| 30303M102 | META | Meta Platforms Inc Class A | $67.1M | 5.51% | 101,641 | Common | SOLE |
| 594918104 | MSFT | Microsoft Corp | $60.3M | 4.96% | 124,699 | Common | SOLE |
| 023135106 | AMZN | Amazon Com Inc | $52.1M | 4.29% | 225,933 | Common | SOLE |
| 037833100 | AAPL | Apple Computer Inc | $38.4M | 3.16% | 141,312 | Common | SOLE |
| 11271J107 | BN | Brookfield Corp | $32.3M | 2.65% | 703,895 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co. | $31.1M | 2.56% | 96,573 | Common | SOLE |
| H1467J104 | CB | Chubb Ltd F | $30.4M | 2.50% | 97,378 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA Corp | $30.4M | 2.49% | 162,742 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Cl B | $29.8M | 2.45% | 59,264 | Common | SOLE |
| 149123101 | CAT | Caterpillar Inc | $29.1M | 2.40% | 50,869 | Common | SOLE |
| 65339F101 | NEE | NextEra Energy, Inc | $25.9M | 2.13% | 322,591 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $25.0M | 2.05% | 120,569 | Common | SOLE |
| 09857L108 | BKNG | Booking Holdings Inc | $24.8M | 2.04% | 4,626 | Common | SOLE |
| 532457108 | LLY | Eli Lilly & Company | $20.6M | 1.69% | 19,162 | Common | SOLE |
| 26884L109 | EQT | EQT Corp | $19.2M | 1.58% | 357,933 | Common | SOLE |
| 57636Q104 | MA | Mastercard Inc | $19.1M | 1.57% | 33,529 | Common | SOLE |
| 038222105 | AMAT | Applied Materials Inc | $19.0M | 1.56% | 73,955 | Common | SOLE |
| 31428X106 | FDX | FedEx Corporation | $18.8M | 1.54% | 64,930 | Common | SOLE |
| 580135101 | MCD | McDonalds Corp | $18.8M | 1.54% | 61,366 | Common | SOLE |
| 713448108 | PEP | Pepsico Incorporated | $18.7M | 1.54% | 130,291 | Common | SOLE |
| 863667101 | SYK | Stryker Corp | $16.9M | 1.39% | 48,176 | Common | SOLE |
| 931142103 | WMT | Walmart Inc | $16.1M | 1.32% | 144,216 | Common | SOLE |
| 30231G102 | XOM | Exxon Mobil Corp | $16.0M | 1.32% | 133,193 | Common | SOLE |
| 91324P102 | UNH | United Healthcare Cor | $15.7M | 1.29% | 47,470 | Common | SOLE |
| 717081103 | PFE | Pfizer Incorporated | $15.6M | 1.28% | 627,718 | Common | SOLE |
| 742718109 | PG | Procter & Gamble Co | $14.4M | 1.18% | 100,593 | Common | SOLE |
| 548661107 | LOW | Lowes Companies Inc | $14.3M | 1.18% | 59,307 | Common | SOLE |
| N07059210 | ASML | A S M L Holding Nv New | $14.1M | 1.16% | 13,209 | Common | SOLE |
| 166764100 | CVX | Chevron Corp | $12.9M | 1.06% | 84,653 | Common | SOLE |
| G8473T100 | STE | Steris Corp | $11.7M | 0.96% | 46,164 | Common | SOLE |
| 34959E109 | FTNT | Fortinet Inc | $10.8M | 0.88% | 135,496 | Common | SOLE |
| 002824100 | ABT | Abbott Laboratories | $10.5M | 0.86% | 83,798 | Common | SOLE |
| 874039100 | TSM | Taiwan Semiconductr Adrf | $10.2M | 0.84% | 33,498 | Common | SOLE |
| 267475101 | DY | Dycom Industries Inc | $10.1M | 0.83% | 30,009 | Common | SOLE |
| 46266C105 | IQV | Iqvia Holdings Inc | $9.7M | 0.80% | 43,139 | Common | SOLE |
| 79466L302 | CRM | Salesforce Com | $9.7M | 0.80% | 36,637 | Common | SOLE |
| 22052L104 | CTVA | Corteva Inc | $9.3M | 0.77% | 139,237 | Common | SOLE |
| 26969P108 | EXP | Eagle Materials Inc | $9.3M | 0.76% | 44,774 | Common | SOLE |
| 911363109 | URI | United Rentals Inc | $9.1M | 0.75% | 11,280 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc Class A | $9.0M | 0.74% | 28,811 | Common | SOLE |
| 704326107 | PAYX | Paychex Inc | $9.0M | 0.74% | 80,216 | Common | SOLE |
| 49456B101 | KMI | Kinder Morgan Inc | $8.8M | 0.72% | 320,229 | Common | SOLE |
| G29183103 | ETN | Eaton Corporation | $8.3M | 0.69% | 26,208 | Common | SOLE |
| 95040Q104 | WELL | Welltower Inc | $8.3M | 0.68% | 44,585 | Common | SOLE |
| 00724F101 | ADBE | Adobe Systems Inc | $7.5M | 0.62% | 21,529 | Common | SOLE |
| 126650100 | CVS | CVS Health Corporation | $7.2M | 0.59% | 90,913 | Common | SOLE |
| 14149Y108 | CAH | Cardinal Health Inc | $6.8M | 0.56% | 33,333 | Common | SOLE |
| 461202103 | INTU | Intuit Inc | $6.7M | 0.55% | 10,121 | Common | SOLE |
| 025816109 | AXP | American Express Company | $6.6M | 0.54% | 17,829 | Common | SOLE |
| 254687106 | DIS | Disney Walt Hldg Co | $6.0M | 0.49% | 52,599 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc | $5.8M | 0.48% | 121,965 | Common | SOLE |
| 136375102 | CNI | Canadian Natl Ry Co | $5.8M | 0.47% | 58,422 | Common | SOLE |
| G96629103 | WTW | Willis Tower Watson P F | $5.7M | 0.47% | 17,270 | Common | SOLE |
| G1151C101 | ACN | Accenture PLC CL A | $5.5M | 0.45% | 20,371 | Common | SOLE |
| 74340W103 | PLD | Prologis Inc | $5.2M | 0.43% | 41,064 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems Inc | $5.1M | 0.42% | 66,442 | Common | SOLE |
| 858927106 | STEL | Stellar Bancorp Inc | $5.0M | 0.41% | 162,234 | Common | SOLE |
| 74164M108 | PRI | Primerica Inc | $4.7M | 0.39% | 18,297 | Common | SOLE |
| 00206R102 | T | AT&T Inc | $4.6M | 0.38% | 186,237 | Common | SOLE |
| 172908105 | CTAS | Cintas Corp | $4.5M | 0.37% | 23,924 | Common | SOLE |
| 64110L106 | NFLX | Netflix Inc | $4.2M | 0.35% | 44,944 | Common | SOLE |
| 806857108 | SLB | Schlumberger Ltd | $3.9M | 0.32% | 100,791 | Common | SOLE |
| 92345Y106 | VRSK | Verisk Analytics Inc | $3.8M | 0.31% | 16,797 | Common | SOLE |
| 191216100 | KO | Coca Cola Company | $3.8M | 0.31% | 53,693 | Common | SOLE |
| 665859104 | NTRS | Northern Trust Corp | $3.6M | 0.29% | 26,227 | Common | SOLE |
| 884903808 | TRI4EUR | Thomson Reuters Corp | $3.5M | 0.29% | 26,314 | Common | SOLE |
| 55354G100 | MSCI | MSCI Inc | $3.4M | 0.28% | 5,990 | Common | SOLE |
| 229899109 | CFR | Cullen/Frost Bankers, Inc. | $3.3M | 0.27% | 26,333 | Common | SOLE |
| 92826C839 | V | Visa Inc Cl A | $3.2M | 0.27% | 9,240 | Common | SOLE |
| 872540109 | TJX | T J X Cos Inc | $3.2M | 0.26% | 20,869 | Common | SOLE |
| 189054109 | CLX | Clorox Company | $3.2M | 0.26% | 31,564 | Common | SOLE |
| 084670108 | BRK/A | Berkshire Hathaway Cl A | $3.0M | 0.25% | 4 | Common | SOLE |
| 81762P102 | NOW | Service Now Inc | $3.0M | 0.24% | 19,442 | Common | SOLE |
| 437076102 | HD | Home Depot Inc | $2.9M | 0.24% | 8,485 | Common | SOLE |
| 98138H101 | WDAY | Workday Inc | $2.9M | 0.24% | 13,346 | Common | SOLE |
| 52110M109 | LAZ | Lazard Inc | $2.7M | 0.22% | 56,271 | Common | SOLE |
| 75513E101 | RTX | RTX Corp | $2.7M | 0.22% | 14,875 | Common | SOLE |
| 830940102 | SKWD | Skyward Specialty Ins Gr | $2.7M | 0.22% | 53,032 | Common | NONE |
| 427866108 | HSY | Hershey Foods Corp | $2.6M | 0.21% | 14,155 | Common | SOLE |
| 336433107 | FSLR | First Solar Inc | $2.5M | 0.21% | 9,602 | Common | SOLE |
| 36828A101 | GEV | GE Vernova Inc | $2.5M | 0.20% | 3,814 | Common | SOLE |
| 293792107 | EPD | Enterprise Prd Prtnrs Lp | $2.5M | 0.20% | 77,205 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co Inc | $2.5M | 0.20% | 23,402 | Common | SOLE |
| 235851102 | DHR | Danaher Corp | $2.5M | 0.20% | 10,751 | Common | SOLE |
| 369550108 | GD | General Dynamics Corp | $2.4M | 0.20% | 7,147 | Common | SOLE |
| 539830109 | LMT | Lockheed Martin Corp | $2.4M | 0.20% | 4,958 | Common | SOLE |
| 58733R102 | MELI | Mercadolibre Inc | $2.3M | 0.19% | 1,165 | Common | SOLE |
| 26875P101 | EOG | E O G Resources Inc | $2.3M | 0.19% | 22,251 | Common | SOLE |
| 49177J102 | KVUE | Kenvue Inc | $2.3M | 0.19% | 134,405 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF | $2.2M | 0.18% | 3,250 | Common | SOLE |
| 088606108 | BHP | Bhp Billiton Ltd Adr | $2.2M | 0.18% | 36,168 | Common | SOLE |
| 904767704 | — | Unilever Plc Adr New | $2.1M | 0.18% | 32,651 | Common | SOLE |
| 718172109 | PM | Philip Morris Intl Inc | $2.1M | 0.17% | 12,981 | Common | SOLE |
| 808524102 | SCHB | Schwab US Broad Market ETF | $2.0M | 0.17% | 77,229 | Common | SOLE |
| 46429B655 | FLOT | Ishares Floating Rate ETF | $2.0M | 0.16% | 38,626 | Common | SOLE |
| 337738108 | FISV | Fiserv Inc | $1.9M | 0.16% | 28,668 | Common | SOLE |
| 115637209 | BF/B | Brown Forman Corp Cl B | $1.9M | 0.15% | 71,249 | Common | SOLE |
| 09248F109 | — | Blackrock Municipal Inco | $1.8M | 0.15% | 179,326 | Common | SOLE |
| 98419M100 | XYL | Xylem Inc | $1.7M | 0.14% | 12,641 | Common | SOLE |
| 76131D103 | QSR | Restaurant Brands | $1.7M | 0.14% | 25,030 | Common | SOLE |
| 25746U109 | D | Dominion Res Inc Va New | $1.7M | 0.14% | 28,275 | Common | SOLE |
| 337932107 | FE | Firstenergy Corp | $1.5M | 0.12% | 32,600 | Common | SOLE |
| 654106103 | NKE | Nike Inc Class B | $1.3M | 0.11% | 20,145 | Common | SOLE |
| 00287Y109 | ABBV | AbbVie Inc | $1.3M | 0.10% | 5,538 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp | $1.2M | 0.10% | 5,342 | Common | SOLE |
| 11135F101 | AVGO | Broadcom Inc | $1.2M | 0.10% | 3,529 | Common | SOLE |
| 459200101 | IBM | Intl Business Machines | $1.2M | 0.10% | 4,109 | Common | SOLE |
| 94106L109 | WM | Waste Management Inc Del | $1.2M | 0.10% | 5,502 | Common | SOLE |
| 25243Q205 | DEO | Diageo Plc New Adr | $1.2M | 0.10% | 13,850 | Common | SOLE |
| 23918K108 | DVA | Davita Inc | $1.1M | 0.09% | 9,592 | Common | SOLE |
| 56035L104 | MAIN | Main Street Capital Corp | $1.1M | 0.09% | 17,890 | Common | SOLE |
| 70432V102 | PAYC | Paycom Software Inc | $1.0M | 0.09% | 6,500 | Common | SOLE |
| 23331A109 | DHI | D R Horton Co | $1.0M | 0.08% | 7,067 | Common | SOLE |
| 09249N101 | BLE | Blackrock Municipal Inco | $992,194 | 0.08% | 95,038 | Common | SOLE |
| 358435105 | FRD | FRIEDMAN INDS INC COM | $917,378 | 0.08% | 44,772 | Common | SOLE |
| 7591EP100 | RF | Regions Financial Cp New | $907,850 | 0.07% | 33,500 | Common | SOLE |
| 44952J104 | CRGY | Crescent Energy Co A | $890,842 | 0.07% | 106,179 | Common | SOLE |
| G16252101 | BIP | Brookfield Infra Ptnrs | $881,560 | 0.07% | 25,376 | Common | SOLE |
| 369604301 | GE | GE Aerospace | $877,788 | 0.07% | 2,850 | Common | SOLE |
| 92840M102 | VST | Vistra Energy Corp | $837,296 | 0.07% | 5,190 | Common | SOLE |
| 682680103 | OKE | ONEOK Inc | $810,614 | 0.07% | 11,029 | Common | SOLE |
| 20825C104 | COP | ConocoPhillips | $774,222 | 0.06% | 8,271 | Common | SOLE |
| 25278X109 | FANG | Diamondback Energy | $749,022 | 0.06% | 4,983 | Common | SOLE |
| 32020R109 | FFIN | 1st Finl Banksh | $742,867 | 0.06% | 24,870 | Common | SOLE |
| 256746108 | DLTR | Dollar Tree Inc | $733,755 | 0.06% | 5,965 | Common | SOLE |
| G54950103 | LIN | Linde Plc | $722,731 | 0.06% | 1,695 | Common | SOLE |
| 75886F107 | REGN | Regeneron Pharms Inc | $713,257 | 0.06% | 924 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb Co | $673,533 | 0.06% | 12,487 | Common | SOLE |
| 22160K105 | COST | Costco Whsl Corp New | $653,874 | 0.05% | 758 | Common | SOLE |
| 02209S103 | MO | Altria Group Inc. | $653,174 | 0.05% | 11,328 | Common | SOLE |
| 064149107 | BNS | Bank Of Nova Scotia | $651,051 | 0.05% | 8,835 | Common | SOLE |
| 459044103 | IBOC | Intl Bancshares Corp | $615,035 | 0.05% | 9,257 | Common | SOLE |
| 09253T101 | XMVTX | Blackrock Munivest II Cf | $613,083 | 0.05% | 56,714 | Common | SOLE |
| 512807306 | LRCX | Lam Research Corp | $525,120 | 0.04% | 3,068 | Common | SOLE |
| 88160R101 | TSLA | Tesla Motors Inc | $491,094 | 0.04% | 1,092 | Common | SOLE |
| 46120E602 | ISRG | Intuitive Surgical New | $488,202 | 0.04% | 862 | Common | SOLE |
| 922908363 | VOO | Vanguard S&P 500 ETF | $471,375 | 0.04% | 752 | Common | SOLE |
| 09247D105 | XBKNX | Blackrock Investment Qlt | $455,943 | 0.04% | 40,709 | Common | SOLE |
| 670928100 | NUV | Nuveen Muni Value Fund | $419,987 | 0.03% | 46,356 | Common | SOLE |
| 68389X105 | ORCL | Oracle Corporation | $414,058 | 0.03% | 2,124 | Common | SOLE |
| 726503105 | PAA | Plains All Amern Ppln Lp | $391,058 | 0.03% | 21,774 | Common | SOLE |
| 375558103 | GILD | Gilead Sciences Inc | $386,838 | 0.03% | 3,152 | Common | SOLE |
| 44951W106 | IESC | Ies Hldgs Inc | $350,118 | 0.03% | 900 | Common | SOLE |
| 92204A884 | VOX | Vanguard Telecom ETF | $338,853 | 0.03% | 1,750 | Common | SOLE |
| 83418M103 | SEI | Solaris Energy Infrastructure Inc A | $321,790 | 0.03% | 7,000 | Common | SOLE |
| 882508104 | TXN | Texas Instruments Inc | $311,132 | 0.03% | 1,793 | Common | SOLE |
| 71424F105 | PR | Permian Resources Corp | $309,964 | 0.03% | 22,093 | Common | SOLE |
| 92204A504 | VHT | Vanguard Health Care ETF | $305,409 | 0.03% | 1,061 | Common | SOLE |
| 718546104 | PSX | Phillips 66 | $296,276 | 0.02% | 2,296 | Common | SOLE |
| 84472E102 | SSB | SouthState Bank Corp | $282,330 | 0.02% | 3,000 | Common | SOLE |
| 12740C103 | CADE | Cadence Bancorporati | $280,174 | 0.02% | 6,540 | Common | SOLE |
| 72651A207 | PAGP | Plains Gp Hldgs L P | $279,444 | 0.02% | 14,600 | Common | SOLE |
| 756109104 | O | Realty Income Corp | $277,622 | 0.02% | 4,925 | Common | SOLE |
| 78463V107 | GLD | Spdr Gold TRUST | $275,435 | 0.02% | 695 | Common | SOLE |
| 595112103 | MU | Micron Technology Inc | $273,994 | 0.02% | 960 | Common | SOLE |
| 88579Y101 | MMM | 3M Co | $268,287 | 0.02% | 1,676 | Common | SOLE |
| 29362U104 | ENTG | Entegris Inc | $266,259 | 0.02% | 3,160 | Common | SOLE |
| 09260D107 | BX | Blackstone Inc | $251,967 | 0.02% | 1,635 | Common | SOLE |
| 922908769 | VTI | Vanguard Total Stock Mkt | $249,231 | 0.02% | 743 | Common | SOLE |
| 573874104 | MRVL | Marvell Tech Group | $247,377 | 0.02% | 2,911 | Common | SOLE |
| 21036P108 | STZ | Constellation Brand | $246,770 | 0.02% | 1,789 | Common | SOLE |
| 92206C870 | VCIT | Vanguard Corp Bond ETF | $244,572 | 0.02% | 2,920 | Common | SOLE |
| 842587107 | SO | The Southern Company | $235,440 | 0.02% | 2,700 | Common | SOLE |
| 87807B107 | TRP | TC Energy Corp | $231,042 | 0.02% | 4,200 | Common | SOLE |
| 92204A702 | VGT | Vanguard Info Technology ETF | $229,172 | 0.02% | 304 | Common | SOLE |
| 25179M103 | DVN | Devon Energy Corp New | $215,139 | 0.02% | 5,873 | Common | SOLE |
| 87612G101 | TRGP | Targa Resources Corp | $209,039 | 0.02% | 1,133 | Common | SOLE |
| 205768302 | CRK | Comstock Res Inc | $208,620 | 0.02% | 9,000 | Common | SOLE |
| 04010L103 | ARCC | Ares Capital Corp | $206,355 | 0.02% | 10,200 | Common | SOLE |
| 855244109 | SBUX | Starbucks Corp | $201,477 | 0.02% | 2,393 | Common | SOLE |
| 85236P101 | SLNG | Stabilis Solutions Inc | $128,228 | 0.01% | 28,182 | Common | SOLE |
| 50043K406 | KGEI | Kolibri Global Energy | $43,230 | 0.00% | 11,000 | Common | SOLE |
| 76680V108 | REI | Ring Energy Inc | $37,463 | 0.00% | 43,061 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.