Narwhal Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
22ND CENTY GROUP INC	COM	90137F103	53	16,000	SH		SOLE		0	16,000	0
ABBOTT LABS	COM	002824100	13,313	111,086	SH		SOLE		0	111,086	0
ABERDEEN STD GOLD ETF TR	PHYSCL GOLD SHS	00326A104	2,397	146,138	SH		SOLE		0	146,138	0
ADOBE SYSTEMS INCORPORATED	COM	00724F101	8,782	18,473	SH		SOLE		0	18,473	0
ALPHABET INC	CAP STK CL C	02079K107	27,964	13,518	SH		SOLE		0	13,518	0
ALTRIA GROUP INC	COM	02209S103	1,338	26,156	SH		SOLE		0	26,156	0
AMAZON COM INC	COM	023135106	23,063	7,454	SH		SOLE		0	7,454	0
AMERICAN ELEC PWR CO INC	UNIT 08/15/2025	02557T307	274	5,614	SH		SOLE		0	5,614	0
AMERICAN EXPRESS CO	COM	025816109	9,290	65,682	SH		SOLE		0	65,682	0
AMGEN INC	COM	031162100	2,350	9,443	SH		SOLE		0	9,443	0
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	209	3,330	SH		SOLE		0	3,330	0
ANTHEM INC	COM	036752103	3,579	9,972	SH		SOLE		0	9,972	0
APPLE INC	COM	037833100	39,519	323,527	SH		SOLE		0	323,527	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	1,929	5	SH		SOLE		0	5	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	212	828	SH		SOLE		0	828	0
BHP GROUP LTD	SPONSORED ADS	088606108	881	12,700	SH		SOLE		0	12,700	0
BK OF AMERICA CORP	COM	060505104	293	7,580	SH		SOLE		0	7,580	0
BLACKROCK 2022 GBL INCM OPP	COM	09258P104	188	20,500	SH		SOLE		0	20,500	0
BLACKROCK INC	COM	09247X101	15,938	21,139	SH		SOLE		0	21,139	0
BLACKROCK MUN TARGET TERM TR	COM SHS BEN IN	09257P105	8,453	332,683	SH		SOLE		0	332,683	0
BLACKSTONE GROUP INC	COM	09260D107	3,500	46,957	SH		SOLE		0	46,957	0
BOEING CO	COM	097023105	4,892	19,206	SH		SOLE		0	19,206	0
BURGERFI INTERNATIONAL INC	*W EXP 12/16/202	12122L119	190	49,000	SH		SOLE		0	49,000	0
CARNIVAL CORP	UNIT 99/99/9999	143658300	2,649	99,800	SH		SOLE		0	99,800	0
CHEVRON CORP NEW	COM	166764100	3,595	34,302	SH		SOLE		0	34,302	0
CINCINNATI FINL CORP	COM	172062101	3,627	35,182	SH		SOLE		0	35,182	0
CISCO SYS INC	COM	17275R102	6,824	131,973	SH		SOLE		0	131,973	0
CITIGROUP INC	COM NEW	172967424	677	9,311	SH		SOLE		0	9,311	0
CMC MATERIALS INC	COM	12571T100	12,782	72,303	SH		SOLE		0	72,303	0
COMCAST CORP NEW	CL A	20030N101	1,133	20,941	SH		SOLE		0	20,941	0
CONSTELLATION BRANDS INC	CL A	21036P108	5,736	25,159	SH		SOLE		0	25,159	0
CVS HEALTH CORP	COM	126650100	3,691	49,068	SH		SOLE		0	49,068	0
DATADOG INC	CL A COM	23804L103	3,173	38,070	SH		SOLE		0	38,070	0
DELTA AIR LINES INC DEL	COM NEW	247361702	1,867	38,663	SH		SOLE		0	38,663	0
DIAGEO PLC	SPON ADR NEW	25243Q205	5,466	33,288	SH		SOLE		0	33,288	0
DISCOVER FINL SVCS	COM	254709108	363	3,819	SH		SOLE		0	3,819	0
DISNEY WALT CO	COM	254687106	11,649	63,129	SH		SOLE		0	63,129	0
DMY TECHNOLOGY GROUP INC II	*W EXP 07/29/202	233277110	63	15,000	SH		SOLE		0	15,000	0
DOMINION ENERGY INC	COM	25746U109	4,322	56,894	SH		SOLE		0	56,894	0
DOMINION ENERGY INC	UNIT 99/99/9999	25746U133	904	9,145	SH		SOLE		0	9,145	0
DRAFTKINGS INC	COM CL A	26142R104	5,084	82,889	SH		SOLE		0	82,889	0
EAST STONE ACQUISITION CORP	SHS	G2911D108	432	43,292	SH		SOLE		0	43,292	0
ENTERGY CORP NEW	COM	29364G103	647	6,500	SH		SOLE		0	6,500	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	264	12,000	SH		SOLE		0	12,000	0
EXELON CORP	COM	30161N101	2,058	47,055	SH		SOLE		0	47,055	0
EXXON MOBIL CORP	COM	30231G102	3,471	62,178	SH		SOLE		0	62,178	0
FACEBOOK INC	CL A	30303M102	12,417	42,160	SH		SOLE		0	42,160	0
FIRST TR HIGH YIELD OPPRT 20	COM	33741Q107	606	30,520	SH		SOLE		0	30,520	0
FIRST TR SR FLG RTE INCM FD	COM	33733U108	212	17,330	SH		SOLE		0	17,330	0
FIRST TR SR FLOATING RATE 20	COM SHS	33740K101	1,315	139,791	SH		SOLE		0	139,791	0
FUSION ACQUISITION CORP	UNIT 99/99/9999	36118H204	324	30,995	SH		SOLE		0	30,995	0
GENERAL DYNAMICS CORP	COM	369550108	4,871	26,831	SH		SOLE		0	26,831	0
GENERAL ELECTRIC CO	COM	369604103	393	29,922	SH		SOLE		0	29,922	0
GENERAL ELECTRIC CO	COM	369604103	150	40,000	SH	Call	SOLE		0	40,000	0
GENERAL MTRS CO	COM	37045V100	7,704	134,070	SH		SOLE		0	134,070	0
GOLDMAN SACHS GROUP INC	COM	38141G104	5,978	18,281	SH		SOLE		0	18,281	0
GS ACQUISITION HLDGS CORP II	*W EXP 06/30/202	36258Q113	232	105,498	SH		SOLE		0	105,498	0
HCA HEALTHCARE INC	COM	40412C101	703	3,731	SH		SOLE		0	3,731	0
HIMS & HERS HEALTH INC	*W EXP 01/20/202	433000114	132	30,000	SH		SOLE		0	30,000	0
HOLLYFRONTIER CORP	COM	436106108	1,054	29,450	SH		SOLE		0	29,450	0
HOME DEPOT INC	COM	437076102	15,738	51,557	SH		SOLE		0	51,557	0
INTEL CORP	COM	458140100	2,384	37,251	SH		SOLE		0	37,251	0
INVESCO EXCH TRADED FD TR II	PFD ETF	46138E511	266	17,750	SH		SOLE		0	17,750	0
INVESCO EXCHANGE TRADED FD T	NASDAQ INTERNT	46137V530	333	1,445	SH		SOLE		0	1,445	0
INVESCO QQQ TR	UNIT SER 1	46090E103	2,154	6,749	SH		SOLE		0	6,749	0
ISHARES GOLD TR	ISHARES	464285105	18,050	1,110,068	SH		SOLE		0	1,110,068	0
ISHARES TR	CORE S&P SCP ETF	464287804	1,547	14,259	SH		SOLE		0	14,259	0
ISHARES TR	CORE S&P500 ETF	464287200	46,018	115,676	SH		SOLE		0	115,676	0
ISHARES TR	GRWT ALLOCAT ETF	464289867	225	4,200	SH		SOLE		0	4,200	0
ISHARES TR	MSCI EAFE ETF	464287465	230	3,035	SH		SOLE		0	3,035	0
ISHARES TR	MSCI EMG MKT ETF	464287234	733	13,750	SH		SOLE		0	13,750	0
ISHARES TR	RUS 1000 GRW ETF	464287614	6,056	24,918	SH		SOLE		0	24,918	0
ISHARES TR	RUS 1000 VAL ETF	464287598	496	3,270	SH		SOLE		0	3,270	0
ISHARES TR	RUS MID CAP ETF	464287499	745	10,072	SH		SOLE		0	10,072	0
ISHARES TR	RUSSELL 2000 ETF	464287655	428	1,935	SH		SOLE		0	1,935	0
ISHARES TR	S&P 500 GRWT ETF	464287309	3,646	56,000	SH		SOLE		0	56,000	0
ISHARES TR	S&P 500 VAL ETF	464287408	13,524	95,755	SH		SOLE		0	95,755	0
ISHARES TR	S&P MC 400VL ETF	464287705	255	2,500	SH		SOLE		0	2,500	0
ISHARES TR	SELECT DIVID ETF	464287168	2,124	18,616	SH		SOLE		0	18,616	0
ISHARES TR	US HLTHCARE ETF	464287762	290	1,150	SH		SOLE		0	1,150	0
JOHNSON & JOHNSON	COM	478160104	14,573	88,672	SH		SOLE		0	88,672	0
JPMORGAN CHASE & CO	COM	46625H100	21,153	138,957	SH		SOLE		0	138,957	0
KANSAS CITY SOUTHERN	COM NEW	485170302	13,886	52,614	SH		SOLE		0	52,614	0
KIMBERLY-CLARK CORP	COM	494368103	854	6,144	SH		SOLE		0	6,144	0
KINDER MORGAN INC DEL	COM	49456B101	1,025	61,550	SH		SOLE		0	61,550	0
KINDER MORGAN INC DEL	COM	49456B101	32	30,000	SH	Call	SOLE		0	30,000	0
L3HARRIS TECHNOLOGIES INC	COM	502431109	10,645	52,520	SH		SOLE		0	52,520	0
LIBERTY MEDIA CORP DEL	COM C BRAVES GRP	531229888	749	26,939	SH		SOLE		0	26,939	0
LOCKHEED MARTIN CORP	COM	539830109	10,303	27,883	SH		SOLE		0	27,883	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	1,060	24,440	SH		SOLE		0	24,440	0
MERCK & CO. INC	COM	58933Y105	4,984	64,651	SH		SOLE		0	64,651	0
MICRON TECHNOLOGY INC	COM	595112103	1,855	21,030	SH		SOLE		0	21,030	0
MICROSOFT CORP	COM	594918104	38,233	162,161	SH		SOLE		0	162,161	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	6,360	137,982	SH		SOLE		0	137,982	0
NEXTERA ENERGY INC	COM	65339F101	8,451	111,767	SH		SOLE		0	111,767	0
NEXTERA ENERGY INC	UNIT 99/99/9999	65339F770	729	14,720	SH		SOLE		0	14,720	0
NIKE INC	CL B	654106103	377	2,834	SH		SOLE		0	2,834	0
NOKIA CORP	SPONSORED ADR	654902204	83	21,000	SH		SOLE		0	21,000	0
NORTHROP GRUMMAN CORP	COM	666807102	6,805	21,026	SH		SOLE		0	21,026	0
NOVARTIS AG	SPONSORED ADR	66987V109	8,617	100,809	SH		SOLE		0	100,809	0
NUVEEN MUN VALUE FD INC	COM	670928100	311	27,900	SH		SOLE		0	27,900	0
NUVEEN MUNICIPAL CREDIT INC	COM SH BEN INT	67070X101	213	13,171	SH		SOLE		0	13,171	0
NUVEEN SELECT MAT MUN FD	SH BEN INT	67061T101	164	15,358	SH		SOLE		0	15,358	0
NVIDIA CORPORATION	COM	67066G104	8,464	15,853	SH		SOLE		0	15,853	0
OAKTREE ACQUISITION CORP II	UNIT 09/15/2027	G6715X129	296	29,000	SH		SOLE		0	29,000	0
OKTA INC	CL A	679295105	350	1,589	SH		SOLE		0	1,589	0
OMNICHANNEL ACQUISITION CORP	*W EXP 12/30/202	68218L116	16	20,000	SH		SOLE		0	20,000	0
OMNICOM GROUP INC	COM	681919106	319	4,305	SH		SOLE		0	4,305	0
ORACLE CORP	COM	68389X105	670	9,544	SH		SOLE		0	9,544	0
PELOTON INTERACTIVE INC	CL A COM	70614W100	2,071	18,418	SH		SOLE		0	18,418	0
PEPSICO INC	COM	713448108	8,582	60,675	SH		SOLE		0	60,675	0
PFIZER INC	COM	717081103	5,282	145,783	SH		SOLE		0	145,783	0
PHILIP MORRIS INTL INC	COM	718172109	1,683	18,968	SH		SOLE		0	18,968	0
PINE IS ACQUISITION CORP	*W EXP 10/19/202	722615119	42	29,000	SH		SOLE		0	29,000	0
PIONEER MUN HIGH INCOME ADVA	COM	723762100	879	74,344	SH		SOLE		0	74,344	0
PROCTER AND GAMBLE CO	COM	742718109	14,718	108,679	SH		SOLE		0	108,679	0
PROPERTY SOLUTIONS ACQUISITI	*W EXP 03/20/202	74348Q116	166	65,000	SH		SOLE		0	65,000	0
QUALCOMM INC	COM	747525103	2,644	19,939	SH		SOLE		0	19,939	0
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	4,711	60,973	SH		SOLE		0	60,973	0
REALOGY HLDGS CORP	COM	75605Y106	205	13,566	SH		SOLE		0	13,566	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	2,800	21,081	SH		SOLE		0	21,081	0
SERVICENOW INC	COM	81762P102	4,982	9,961	SH		SOLE		0	9,961	0
SKYWORKS SOLUTIONS INC	COM	83088M102	7,755	42,267	SH		SOLE		0	42,267	0
SOARING EAGLE ACQUISITION CO	UNIT 02/23/2026	G8354H100	708	70,000	SH		SOLE		0	70,000	0
SONY CORP	SPONSORED ADR	835699307	1,161	10,950	SH		SOLE		0	10,950	0
SOUTHERN CO	UNIT 08/01/2022	842587602	510	10,009	SH		SOLE		0	10,009	0
SOUTHWEST AIRLS CO	COM	844741108	4,948	81,033	SH		SOLE		0	81,033	0
SPDR DOW JONES INDL AVERAGE	UT SER 1	78467X109	2,671	8,090	SH		SOLE		0	8,090	0
SPDR GOLD TR	GOLD SHS	78463V107	3,516	21,982	SH		SOLE		0	21,982	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	220	556	SH		SOLE		0	556	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,699	12,000	SH	Call	SOLE		0	12,000	0
SPDR SER TR	S&P DIVID ETF	78464A763	2,062	17,470	SH		SOLE		0	17,470	0
STARBUCKS CORP	COM	855244109	8,460	77,419	SH		SOLE		0	77,419	0
STONERIDGE INC	COM	86183P102	3,444	108,274	SH		SOLE		0	108,274	0
TARGET CORP	COM	87612E106	11,155	56,320	SH		SOLE		0	56,320	0
THOMA BRAVO ADVANTAGE	COM CL A	G88272102	784	75,039	SH		SOLE		0	75,039	0
TRANSOCEAN LTD	REG SHS	H8817H100	34	35,000	SH	Call	SOLE		0	35,000	0
TS INNOVATION ACQUISITN CORP	*W EXP 99/99/999	87284T118	149	74,000	SH		SOLE		0	74,000	0
UNILEVER PLC	SPON ADR NEW	904767704	3,883	69,556	SH		SOLE		0	69,556	0
UNITEDHEALTH GROUP INC	COM	91324P102	18,234	49,006	SH		SOLE		0	49,006	0
VALERO ENERGY CORP	COM	91913Y100	1,646	22,990	SH		SOLE		0	22,990	0
VANGUARD BD INDEX FDS	LONG TERM BOND	921937793	759	7,734	SH		SOLE		0	7,734	0
VANGUARD BD INDEX FDS	SHORT TRM BOND	921937827	299	3,642	SH		SOLE		0	3,642	0
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	569	3,218	SH		SOLE		0	3,218	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	463	1,800	SH		SOLE		0	1,800	0
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	540	5,875	SH		SOLE		0	5,875	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	348	1,625	SH		SOLE		0	1,625	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	378	7,265	SH		SOLE		0	7,265	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	428	6,797	SH		SOLE		0	6,797	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	238	2,555	SH		SOLE		0	2,555	0
VANGUARD SCOTTSDALE FDS	VNG RUS2000IDX	92206C664	201	1,126	SH		SOLE		0	1,126	0
VANGUARD WORLD FDS	INDUSTRIAL ETF	92204A603	530	2,800	SH		SOLE		0	2,800	0
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	243	1,407	SH		SOLE		0	1,407	0
VERIZON COMMUNICATIONS INC	COM	92343V104	13,398	230,404	SH		SOLE		0	230,404	0
VISA INC	COM CL A	92826C839	7,996	37,765	SH		SOLE		0	37,765	0
VULCAN MATLS CO	COM	929160109	25,004	148,173	SH		SOLE		0	148,173	0
WALMART INC	COM	931142103	1,093	8,044	SH		SOLE		0	8,044	0
WELLS FARGO CO NEW	COM	949746101	847	21,671	SH		SOLE		0	21,671	0
WESTERN ASSET INTER MUNI FD	COM	958435109	237	25,491	SH		SOLE		0	25,491	0
WHOLE EARTH BRANDS INC	*W EXP 06/25/202	96684W126	1,656	788,472	SH		SOLE		0	788,472	0
WORLD WRESTLING ENTMT INC	CL A	98156Q108	331	6,106	SH		SOLE		0	6,106	0