Stocks/Funds/CIK 1395055

Callahan Advisors, LLC

long-term holder
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1395055
Assets
$1.20B
+14.2% YoY
Holdings
177
Lifetime alpha vs market
-1.43% annual
Average hold time
5.8 yr
median 5.8 yr

Quarterly history

Cum return +44% vs S&P +52% · α -9% lifetimeAUM $1.2B · peak $1.2BFlow $18M (+1%)2016-062017-122019-062020-122022-062023-122025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
-3.03%
trims when stocks drop
when a holding falls −10%+
Middle response
-0.38%
baseline attrition
Rally response
+0.80%
adds into rallies
when a holding rises +10%+

Top positions · 30

Ticker$ value% portYoYHold time
GOOGAlphabet Inc.$71M5.9%+84.3%10.5 yr
METAMeta Platforms, Inc.$58M4.9%-0.4%10.5 yr
AMZNAmazon.com, Inc.$49M4.1%+9.5%10.5 yr
MSFTMicrosoft Corporation$47M3.9%-0.6%10.5 yr
AAPLApple Inc.$36M3.0%+14.7%10.5 yr
CBChubb Limited$32M2.7%+9.3%10.3 yr
CATCaterpillar Inc.$31M2.6%+117.8%10.5 yr
NVDANVIDIA Corporation$30M2.5%+60.9%4.5 yr
BRK-BBerkshire Hathaway Inc.$29M2.4%10.5 yr
BNBrookfield Corporation$29M2.4%+16.5%3.3 yr
NEENextEra Energy, Inc.$28M2.3%+34.9%10.5 yr
JPMJPMorgan Chase & Co.$28M2.3%+21.8%10.5 yr
JNJJohnson & Johnson$27M2.2%+51.5%10.5 yr
EQTEQT Corporation$24M2.0%+20.5%4.5 yr
AMATApplied Materials, Inc.$23M1.9%+137.6%7.8 yr

Portfolio composition (YoY)

Industry mix
Internet Content & Information11.4%+1.4pp$137M
Semiconductors7.3%+3.7pp$87M
Drug Manufacturers - General5.5%+0.2pp$66M
Software - Infrastructure4.8%-0.9pp$58M
Specialty Retail4.4%+0.5pp$53M
Asset Management3.3%+0.2pp$40M
Oil & Gas Integrated3.2%-0.1pp$39M
Consumer Electronics3.0%-0.5pp$36M
Insurance - Property & Casualty2.9%+0.0pp$35M
Medical - Devices2.9%-0.9pp$34M
Country
US87.1%-1.1pp
CA3.7%-0.5pp
CH2.7%+0.1pp
IE2.0%-0.3pp
NL1.5%+0.8pp
TW1.2%+1.0pp
GB0.6%-0.3pp
UY0.4%
Top 5: 21.7% · Top 10: 34.3% · Top 25: 61.4%

Winners

TickerPrev $PnLYoY %
GOOG$41M+0.03B84.3%
CAT$18M+0.02B117.8%
AMAT$11M+0.01B137.6%
JNJ$21M+0.01B51.5%
NVDA$14M+0.01B60.9%

Losers

TickerPrev $PnLYoY %
BKNG$20M-0.02B-96.3%
PG$18M-0.00B-12.9%
SYK$18M-0.00B-11.1%
MA$14M-0.00B-8.5%
MSFT$47M-0.00B-0.6%

Top buys this quarter · 15

NFLX Netflix, Inc.+$6M
MSCI MSCI Inc.+$5M
DVA DaVita Inc.+$4M
TSM Taiwan Semiconductor Manufactu+$3M
CLX The Clorox Company+$3M
MELI MercadoLibre, Inc.+$3M
ADP Automatic Data Processing, Incnew+$2M
MA Mastercard Incorporated+$19M
PRI Primerica, Inc.+$2M
AMZN Amazon.com, Inc.+$49M

Top sells this quarter · 15

CAT Caterpillar Inc.$29M
GOOG Alphabet Inc.$5M
JNJ Johnson & Johnson$25M
CRM Salesforce, Inc.$3M
UNH UnitedHealth Group Incorporate$2M
AMAT Applied Materials, Inc.$19M
EXP Eagle Materials Inc.$2M
ADBE Adobe Inc.$2M
UL Unilever PLCexit$2M
PFE Pfizer Inc.$16M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$1.20B177+13.62%+17.59%-3.97%+0.02B
2025-12-31$1.22B174+14.61%+17.72%-3.11%-0.01B
2025-09-30$1.18B168+11.27%+17.52%-6.25%-0.00B
2025-06-30$1.11B173+12.84%+14.94%-2.11%-0.01B
2025-03-31$1.05B162+5.93%+8.30%-2.37%+0.01B
2024-12-31$1.06B166+19.54%+24.89%-5.35%+0.03B
2024-09-30$1.03B144+29.76%+36.04%-6.28%-0.01B
2024-06-30$962M146+17.74%+24.49%-6.75%+0.01B
2024-03-31$953M144+26.09%+29.62%-3.53%+0.00B
2023-12-31$862M141+20.49%+26.18%-5.69%-0.01B
2023-09-30$796M140+19.49%+21.57%-2.08%-0.01B
2023-06-30$823M133+15.33%+19.42%-4.10%-0.01B
2023-03-31$774M135-5.35%-7.82%+2.47%+0.00B
2022-12-31$731M136+8.48%+7.56%+0.92%-0.02B
2022-09-30$696M141-6.01%-4.93%-1.08%-0.01B
2022-06-30$751M144-12.03%-16.11%+4.08%-0.02B