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
Expires:	Oct 31, 2018
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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	45	15,250	SH		SOLE		0	15,250	0
ABBOTT LABS	COM	002824100	13,568	114,854	SH		SOLE		0	114,854	0
ABERDEEN STD GOLD ETF TR	PHYSCL GOLD SHS	00326A104	2,294	136,148	SH		SOLE		0	136,148	0
ADOBE SYSTEMS INCORPORATED	COM	00724F101	10,532	18,293	SH		SOLE		0	18,293	0
ALPHABET INC	CAP STK CL C	02079K107	36,152	13,564	SH		SOLE		0	13,564	0
ALTRIA GROUP INC	COM	02209S103	1,188	26,089	SH		SOLE		0	26,089	0
AMAZON COM INC	COM	023135106	27,440	8,353	SH		SOLE		0	8,353	0
AMERICAN EXPRESS CO	COM	025816109	10,671	63,698	SH		SOLE		0	63,698	0
AMGEN INC	COM	031162100	1,259	5,918	SH		SOLE		0	5,918	0
ANALOG DEVICES INC	COM	032654105	229	1,368	SH		SOLE		0	1,368	0
ANTHEM INC	COM	036752103	3,624	9,722	SH		SOLE		0	9,722	0
APPLE INC	COM	037833100	45,558	321,962	SH		SOLE		0	321,962	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	2,057	5	SH		SOLE		0	5	0
BHP GROUP LTD	SPONSORED ADS	088606108	717	13,400	SH		SOLE		0	13,400	0
BK OF AMERICA CORP	COM	060505104	318	7,497	SH		SOLE		0	7,497	0
BLACKROCK 2022 GBL INCM OPP	COM	09258P104	104	20,000	SH		SOLE		0	20,000	0
BLACKROCK INC	COM	09247X101	17,756	21,172	SH		SOLE		0	21,172	0
BLACKROCK MUN TARGET TERM TR	COM SHS BEN IN	09257P105	11,240	440,444	SH		SOLE		0	440,444	0
BLACKSTONE INC	COM	09260D107	6,344	54,533	SH		SOLE		0	54,533	0
BOEING CO	COM	097023105	3,875	17,619	SH		SOLE		0	17,619	0
BURGERFI INTERNATIONAL INC	*W EXP 12/16/202	12122L119	78	49,000	SH		SOLE		0	49,000	0
BWX TECHNOLOGIES INC	COM	05605H100	3,548	65,883	SH		SOLE		0	65,883	0
CARNIVAL CORP	UNIT 99/99/9999	143658300	2,458	98,300	SH		SOLE		0	98,300	0
CHEVRON CORP NEW	COM	166764100	3,594	35,427	SH		SOLE		0	35,427	0
CINCINNATI FINL CORP	COM	172062101	4,531	39,670	SH		SOLE		0	39,670	0
CISCO SYS INC	COM	17275R102	6,450	118,493	SH		SOLE		0	118,493	0
CITIGROUP INC	COM NEW	172967424	828	11,793	SH		SOLE		0	11,793	0
CMC MATERIALS INC	COM	12571T100	9,734	78,989	SH		SOLE		0	78,989	0
COCA COLA CO	COM	191216100	897	17,098	SH		SOLE		0	17,098	0
COMCAST CORP NEW	CL A	20030N101	1,001	17,893	SH		SOLE		0	17,893	0
CONSTELLATION BRANDS INC	CL A	21036P108	6,834	32,437	SH		SOLE		0	32,437	0
CVS HEALTH CORP	COM	126650100	4,273	50,352	SH		SOLE		0	50,352	0
DATADOG INC	CL A COM	23804L103	369	2,613	SH		SOLE		0	2,613	0
DELTA AIR LINES INC DEL	COM NEW	247361702	1,649	38,700	SH		SOLE		0	38,700	0
DIAGEO PLC	SPON ADR NEW	25243Q205	6,327	32,783	SH		SOLE		0	32,783	0
DISCOVER FINL SVCS	COM	254709108	810	6,597	SH		SOLE		0	6,597	0
DISNEY WALT CO	COM	254687106	12,001	70,941	SH		SOLE		0	70,941	0
DOMINION ENERGY INC	COM	25746U109	4,023	55,089	SH		SOLE		0	55,089	0
DOMINION ENERGY INC	UNIT 99/99/9999	25746U133	615	6,327	SH		SOLE		0	6,327	0
DRAFTKINGS INC	COM CL A	26142R104	2,692	55,907	SH		SOLE		0	55,907	0
ENTERGY CORP NEW	COM	29364G103	646	6,500	SH		SOLE		0	6,500	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	260	12,000	SH		SOLE		0	12,000	0
EXELON CORP	COM	30161N101	2,285	47,273	SH		SOLE		0	47,273	0
EXXON MOBIL CORP	COM	30231G102	4,595	78,125	SH		SOLE		0	78,125	0
FACEBOOK INC	CL A	30303M102	16,244	47,861	SH		SOLE		0	47,861	0
FARADAY FUTRE INTLGT ELCTR I	*W EXP 03/20/202	307359117	59	35,000	SH		SOLE		0	35,000	0
FIRST TR HIGH YIELD OPPRT 20	COM	33741Q107	873	42,498	SH		SOLE		0	42,498	0
FIRST TR SR FLOATING RATE 20	COM SHS	33740K101	1,862	193,105	SH		SOLE		0	193,105	0
FIRST TR SR FLTG RATE INCOME	COM	33733U108	186	15,165	SH		SOLE		0	15,165	0
GENERAL DYNAMICS CORP	COM	369550108	5,179	26,420	SH		SOLE		0	26,420	0
GENERAL ELECTRIC CO	COM NEW	369604301	350	3,401	SH		SOLE		0	3,401	0
GENERAL ELECTRIC CO	COM NEW	369604301	93	30,000	SH	Call	SOLE		0	30,000	0
GENERAL MTRS CO	COM	37045V100	8,371	158,815	SH		SOLE		0	158,815	0
GOLDMAN SACHS GROUP INC	COM	38141G104	6,923	18,312	SH		SOLE		0	18,312	0
HCA HEALTHCARE INC	COM	40412C101	1,426	5,873	SH		SOLE		0	5,873	0
HOLLYFRONTIER CORP	COM	436106108	976	29,450	SH		SOLE		0	29,450	0
HOME DEPOT INC	COM	437076102	17,089	52,058	SH		SOLE		0	52,058	0
IAA INC	COM	449253103	3,005	55,074	SH		SOLE		0	55,074	0
INTEL CORP	COM	458140100	1,731	32,498	SH		SOLE		0	32,498	0
INVESCO EXCH TRADED FD TR II	PFD ETF	46138E511	165	11,000	SH		SOLE		0	11,000	0
INVESCO QQQ TR	UNIT SER 1	46090E103	2,640	7,376	SH		SOLE		0	7,376	0
ISHARES GOLD TR	ISHARES NEW	464285204	21,439	641,696	SH		SOLE		0	641,696	0
ISHARES TR	CORE S&P MCP ETF	464287507	607	2,309	SH		SOLE		0	2,309	0
ISHARES TR	CORE S&P SCP ETF	464287804	1,576	14,434	SH		SOLE		0	14,434	0
ISHARES TR	CORE S&P500 ETF	464287200	45,606	105,858	SH		SOLE		0	105,858	0
ISHARES TR	GRWT ALLOCAT ETF	464289867	233	4,200	SH		SOLE		0	4,200	0
ISHARES TR	MSCI EMG MKT ETF	464287234	617	12,250	SH		SOLE		0	12,250	0
ISHARES TR	RUS 1000 GRW ETF	464287614	7,150	26,092	SH		SOLE		0	26,092	0
ISHARES TR	RUS 1000 VAL ETF	464287598	465	2,969	SH		SOLE		0	2,969	0
ISHARES TR	RUS MID CAP ETF	464287499	802	10,257	SH		SOLE		0	10,257	0
ISHARES TR	RUSSELL 2000 ETF	464287655	663	3,030	SH		SOLE		0	3,030	0
ISHARES TR	S&P 500 GRWT ETF	464287309	4,139	56,000	SH		SOLE		0	56,000	0
ISHARES TR	S&P 500 VAL ETF	464287408	13,030	89,600	SH		SOLE		0	89,600	0
ISHARES TR	S&P MC 400VL ETF	464287705	258	2,500	SH		SOLE		0	2,500	0
ISHARES TR	SELECT DIVID ETF	464287168	2,164	18,867	SH		SOLE		0	18,867	0
ISHARES TR	U.S. ENERGY ETF	464287796	249	8,825	SH		SOLE		0	8,825	0
ISHARES TR	US HLTHCARE ETF	464287762	207	750	SH		SOLE		0	750	0
JOHNSON & JOHNSON	COM	478160104	15,775	97,680	SH		SOLE		0	97,680	0
JPMORGAN CHASE & CO	COM	46625H100	22,965	140,296	SH		SOLE		0	140,296	0
KIMBERLY-CLARK CORP	COM	494368103	264	1,995	SH		SOLE		0	1,995	0
KINDER MORGAN INC DEL	COM	49456B101	1,527	91,250	SH		SOLE		0	91,250	0
KINDER MORGAN INC DEL	COM	49456B101	29	44,000	SH	Call	SOLE		0	44,000	0
L3HARRIS TECHNOLOGIES INC	COM	502431109	10,930	49,627	SH		SOLE		0	49,627	0
LIBERTY MEDIA CORP DEL	COM C BRAVES GRP	531229888	644	24,377	SH		SOLE		0	24,377	0
LILLY ELI & CO	COM	532457108	287	1,242	SH		SOLE		0	1,242	0
LOCKHEED MARTIN CORP	COM	539830109	10,106	29,284	SH		SOLE		0	29,284	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	1,309	28,724	SH		SOLE		0	28,724	0
MERCK & CO INC	COM	58933Y105	5,063	67,408	SH		SOLE		0	67,408	0
MICRON TECHNOLOGY INC	COM	595112103	1,446	20,365	SH		SOLE		0	20,365	0
MICROSOFT CORP	COM	594918104	46,203	163,888	SH		SOLE		0	163,888	0
NETFLIX INC	COM	64110L106	214	350	SH		SOLE		0	350	0
NEXPOINT RESIDENTIAL TR INC	COM	65341D102	8,278	133,774	SH		SOLE		0	133,774	0
NEXTERA ENERGY INC	COM	65339F101	8,870	112,959	SH		SOLE		0	112,959	0
NEXTERA ENERGY INC	UNIT 99/99/9999	65339F770	497	9,755	SH		SOLE		0	9,755	0
NIKE INC	CL B	654106103	5,004	34,453	SH		SOLE		0	34,453	0
NORTHROP GRUMMAN CORP	COM	666807102	7,981	22,160	SH		SOLE		0	22,160	0
NOV INC	COM	62955J103	3,049	232,601	SH		SOLE		0	232,601	0
NOVARTIS AG	SPONSORED ADR	66987V109	5,720	69,938	SH		SOLE		0	69,938	0
NUVEEN CORPORATE INCOME 2023	COM	67079F101	108	10,967	SH		SOLE		0	10,967	0
NUVEEN GEORGIA QLTY MUN INC	COM	67072B107	523	38,575	SH		SOLE		0	38,575	0
NUVEEN MUN VALUE FD INC	COM	670928100	303	26,800	SH		SOLE		0	26,800	0
NUVEEN MUNICIPAL CREDIT INC	COM SH BEN INT	67070X101	186	11,131	SH		SOLE		0	11,131	0
NUVEEN NEW JERSEY QULT MUN F	COM	67069Y102	468	30,325	SH		SOLE		0	30,325	0
NUVEEN NEW YORK AMT QLT MUNI	COM	670656107	445	32,150	SH		SOLE		0	32,150	0
NUVEEN PENNSYLVANIA QLT MUN	COM	670972108	180	12,140	SH		SOLE		0	12,140	0
NUVEEN SELECT MAT MUN FD	SH BEN INT	67061T101	144	13,275	SH		SOLE		0	13,275	0
NVIDIA CORPORATION	COM	67066G104	12,893	62,238	SH		SOLE		0	62,238	0
OAKTREE ACQUISITION CORP II	UNIT 09/15/2027	G6715X129	240	24,000	SH		SOLE		0	24,000	0
OMNICOM GROUP INC	COM	681919106	312	4,305	SH		SOLE		0	4,305	0
ORACLE CORP	COM	68389X105	569	6,529	SH		SOLE		0	6,529	0
PELOTON INTERACTIVE INC	CL A COM	70614W100	343	3,943	SH		SOLE		0	3,943	0
PEPSICO INC	COM	713448108	9,000	59,836	SH		SOLE		0	59,836	0
PFIZER INC	COM	717081103	7,447	173,138	SH		SOLE		0	173,138	0
PHILIP MORRIS INTL INC	COM	718172109	1,794	18,925	SH		SOLE		0	18,925	0
PIONEER MUNICIPAL HIGH INCOM	COM	723762100	651	56,137	SH		SOLE		0	56,137	0
PROCTER AND GAMBLE CO	COM	742718109	15,268	109,212	SH		SOLE		0	109,212	0
QUALCOMM INC	COM	747525103	3,073	23,825	SH		SOLE		0	23,825	0
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	5,212	60,632	SH		SOLE		0	60,632	0
REALOGY HLDGS CORP	COM	75605Y106	257	14,638	SH		SOLE		0	14,638	0
SCOTTS MIRACLE-GRO CO	CL A	810186106	650	4,440	SH		SOLE		0	4,440	0
SELECT SECTOR SPDR TR	FINANCIAL	81369Y605	205	5,450	SH		SOLE		0	5,450	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	3,143	21,050	SH		SOLE		0	21,050	0
SERVICENOW INC	COM	81762P102	5,141	8,261	SH		SOLE		0	8,261	0
SKYWORKS SOLUTIONS INC	COM	83088M102	7,659	46,479	SH		SOLE		0	46,479	0
SONY GROUP CORPORATION	SPONSORED ADR	835699307	1,211	10,950	SH		SOLE		0	10,950	0
SOUTHERN CO	UNIT 08/01/2022	842587602	424	8,304	SH		SOLE		0	8,304	0
SOUTHWEST AIRLS CO	COM	844741108	5,527	107,459	SH		SOLE		0	107,459	0
SPDR DOW JONES INDL AVERAGE	UT SER 1	78467X109	2,737	8,090	SH		SOLE		0	8,090	0
SPDR GOLD TR	GOLD SHS	78463V107	3,571	21,745	SH		SOLE		0	21,745	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	128	299	SH		SOLE		0	299	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,015	6,000	SH	Call	SOLE		0	6,000	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	422	66,000	SH	Put	SOLE		0	66,000	0
SPDR SER TR	S&P DIVID ETF	78464A763	2,054	17,470	SH		SOLE		0	17,470	0
STARBUCKS CORP	COM	855244109	7,232	65,558	SH		SOLE		0	65,558	0
STONERIDGE INC	COM	86183P102	204	9,982	SH		SOLE		0	9,982	0
TARGET CORP	COM	87612E106	13,019	56,909	SH		SOLE		0	56,909	0
TRANSOCEAN LTD	REG SHS	H8817H100	82	85,000	SH	Call	SOLE		0	85,000	0
UNILEVER PLC	SPON ADR NEW	904767704	3,727	68,742	SH		SOLE		0	68,742	0
UNION PAC CORP	COM	907818108	1,531	7,810	SH		SOLE		0	7,810	0
UNITED PARCEL SERVICE INC	CL B	911312106	418	2,294	SH		SOLE		0	2,294	0
UNITEDHEALTH GROUP INC	COM	91324P102	19,035	48,716	SH		SOLE		0	48,716	0
VALERO ENERGY CORP	COM	91913Y100	1,686	23,890	SH		SOLE		0	23,890	0
VANGUARD BD INDEX FDS	LONG TERM BOND	921937793	458	4,478	SH		SOLE		0	4,478	0
VANGUARD BD INDEX FDS	SHORT TRM BOND	921937827	252	3,077	SH		SOLE		0	3,077	0
VANGUARD INDEX FDS	EXTEND MKT ETF	922908652	587	3,218	SH		SOLE		0	3,218	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	522	1,800	SH		SOLE		0	1,800	0
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	312	3,069	SH		SOLE		0	3,069	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	355	1,625	SH		SOLE		0	1,625	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	458	9,165	SH		SOLE		0	9,165	0
VANGUARD INTL EQUITY INDEX F	FTSE EUROPE ETF	922042874	446	6,798	SH		SOLE		0	6,798	0
VANGUARD SCOTTSDALE FDS	INT-TERM CORP	92206C870	243	2,579	SH		SOLE		0	2,579	0
VANGUARD SCOTTSDALE FDS	VNG RUS1000IDX	92206C730	202	1,011	SH		SOLE		0	1,011	0
VANGUARD WORLD FDS	INDUSTRIAL ETF	92204A603	526	2,800	SH		SOLE		0	2,800	0
VANGUARD WORLD FDS	MATERIALS ETF	92204A801	228	1,317	SH		SOLE		0	1,317	0
VERIZON COMMUNICATIONS INC	COM	92343V104	12,297	227,683	SH		SOLE		0	227,683	0
VISA INC	COM CL A	92826C839	9,078	40,756	SH		SOLE		0	40,756	0
VULCAN MATLS CO	COM	929160109	24,868	147,007	SH		SOLE		0	147,007	0
WALMART INC	COM	931142103	1,025	7,356	SH		SOLE		0	7,356	0
WELLS FARGO CO NEW	COM	949746101	929	20,018	SH		SOLE		0	20,018	0
WESTERN ASSET INTER MUNI FD	COM	958435109	265	27,180	SH		SOLE		0	27,180	0
WHOLE EARTH BRANDS INC	*W EXP 06/25/202	96684W126	969	625,324	SH		SOLE		0	625,324	0
WORLD WRESTLING ENTMT INC	CL A	98156Q108	304	5,410	SH		SOLE		0	5,410	0