NARWHAL CAPITAL MANAGEMENT Information

531 ROSELANE STREET, MARIETTA, Georgia, 30060, (770) 344-0172

Report Date: 12/31/2014

Position Statistics

Total Positions 140
New Positions 9
Increased Positions 45
Decreased Positions 75
Positions with Activity 120
Sold Out Positions 15
Total Mkt Value (in $ millions) 269

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 0.73%
Capital Goods 22.1%
Conglomerates
Consumer Cyclical 0.86%
Consumer/Non-Cyclical 7.7%
Energy 8.06%
Financial 27.97%
Healthcare 7.66%
Services 7.43%
Technology 12.75%
Transportation
Utilities 2.92%

140 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
VULCAN MATLS CO COM 35,414 -106 (0.3) 426,673
APPLE INC COM 9,500 -32 (0.34) 73,955
GENERAL ELECTRIC CO COM 6,186 103 1.69 238,011
MICROSOFT CORP COM 6,102 -32 (0.52) 139,145
GOOGLE INC CL C 5,738 2,647 85.64 10,275
ISHARES TR CORE S&P500 ETF 5,273 2,699 104.84 24,847
JPMORGAN CHASE & CO COM 5,144 17 .33 83,950
GENERAL DYNAMICS CORP COM 4,565 -24 (0.53) 32,896
PFIZER INC COM 4,242 125 3.03 123,610
JOHNSON & JOHNSON COM 4,129 -230 (5.27) 40,281
VERIZON COMMUNICATIONS INC COM 4,105 2,117 106.51 83,020
AMERICAN INTL GROUP INC COM NEW 4,099 360 9.62 74,084
SPDR GOLD TRUST GOLD SHS 3,989 145 3.76 34,340
INTEL CORP COM 3,976 -89 (2.19) 119,578
EXXON MOBIL CORP COM 3,839 40 1.05 43,361
NORTHROP GRUMMAN CORP COM 3,742 -210 (5.33) 22,580
RAYTHEON CO COM NEW 3,568 35 1.00 32,805
CITIGROUP INC COM NEW 3,548 -9 (0.26) 67,675
PHILIP MORRIS INTL INC COM 3,386 523 18.25 40,815
COMCAST CORP NEW CL A 3,340 -12 (0.35) 56,250