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

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
06-30-2023
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Callahan Advisors, LLC
Address:
3555 Timmons Lane, Suite 600
Houston, TX 77027
Form 13F File Number:
028-12463

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
/s/ Rachel C. Gummattira
Title:
Managing Director
Phone:
(713) 572-3366


Signature, Place, and Date of Signing:

/s/ Rachel C. Gummattira
                         [Signature]
Houston, TEXAS
                 [City, State]
07-31-2023
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
133
Form 13F Information table Value Total:
822905585
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


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

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
1st Finl BankshCOM32020R109741,79426,037SHSOLE26,037 0 0
Abbott LaboratoriesCOM0028241009,769,88189,615SHSOLE86,615 0 3,000
AbbVie IncCOM00287Y109935,8356,946SHSOLE6,946 0 0
Accenture PLC CL ACOMG1151C10110,337,21233,499SHSOLE31,892 0 1,608
Adobe Systems IncCOM00724F101216,623443SHSOLE443 0 0
Align Technology IncCOM016255101313,679887SHSOLE887 0 0
Alphabet Inc Class ACOM02079K3052,081,70317,391SHSOLE16,291 0 1,100
Alphabet Inc Class CCOM02079K10730,489,763252,044SHSOLE242,834 0 9,210
Altria Group Inc.COM02209S103376,0468,301SHSOLE8,301 0 0
Amazon Com IncCOM02313510624,476,394187,760SHSOLE182,502 0 5,258
American Express CompanyCOM0258161093,112,55717,868SHSOLE17,648 0 220
Apple Computer IncCOM03783310035,964,798185,414SHSOLE174,914 0 10,500
Applied Materials IncCOM03822210515,328,762106,052SHSOLE102,372 0 3,680
AT&T IncCOM00206R1025,327,711334,026SHSOLE319,998 0 14,028
Bank Of Nova ScotiaCOM064149107613,99112,270SHSOLE12,270 0 0
Berkshire Hathaway Cl BCOM08467070221,332,61962,559SHSOLE60,674 0 1,885
Bhp Billiton Ltd AdrCOM0886061088,782,145147,179SHSOLE139,529 0 7,650
Booking Holdings IncCOM09857L1087,444,8102,757SHSOLE2,670 0 87
Bristol-Myers Squibb CoCOM1101221084,465,95069,835SHSOLE68,885 0 950
Broadcom IncCOM11135F101257,245297SHSOLE297 0 0
Brookfield CorpCOM11271J10715,233,676452,710SHSOLE434,225 0 18,485
Brookfield Infra PtnrsCOMG16252101917,12425,127SHSOLE25,127 0 0
Canadian Natl Ry CoCOM13637510212,410,135102,504SHSOLE98,896 0 3,608
Cardinal Health IncCOM14149Y1084,973,72452,593SHSOLE51,118 0 1,475
Caterpillar IncCOM14912310115,785,85464,157SHSOLE61,275 0 2,882
Chevron CorpCOM16676410017,077,919108,535SHSOLE104,745 0 3,789
Chubb Ltd FCOMH1467J10416,313,83984,721SHSOLE82,138 0 2,583
Cintas CorpCOM1729081055,371,93710,807SHSOLE9,957 0 850
Cisco Systems IncCOM17275R10212,124,756234,340SHSOLE225,883 0 8,457
Coca Cola CompanyCOM1912161003,251,80653,999SHSOLE53,576 0 423
Comstock Res IncCOM205768302174,00015,000SHSOLE15,000 0 0
ConocophillipsCOM20825C104868,4598,382SHSOLE8,382 0 0
Constellation BrandCOM21036P108216,773881SHSOLE881 0 0
Corteva IncCOM22052L1048,775,362153,148SHSOLE145,640 0 7,508
Costco Whsl Corp NewCOM22160K105313,457582SHSOLE582 0 0
Cullen Frost BankersCOM2298991095,594,35752,026SHSOLE50,176 0 1,850
CVS Health CorporationCOM1266501006,984,792101,039SHSOLE98,566 0 2,472
D R Horton CoCOM23331A1092,416,89219,861SHSOLE18,591 0 1,270
Danaher Corp DelCOM2358511024,607,95519,200SHSOLE18,275 0 925
Devon Energy Corp NewCOM25179M103464,5749,611SHSOLE9,611 0 0
Diageo Plc New AdrCOM25243Q2058,350,77848,137SHSOLE46,279 0 1,858
Diamondback EnergyCOM25278X109694,3685,286SHSOLE5,086 0 200
Discover Financial SvcsCOM2547091083,505,50030,000SHSOLE30,000 0 0
Disney Walt Hldg CoCOM2546871068,822,45198,818SHSOLE94,322 0 4,496
Dollar Tree IncCOM2567461085,260,13636,656SHSOLE34,711 0 1,945
Dow Inc.COM2605571033,784,11471,050SHSOLE67,850 0 3,200
E O G Resources IncCOM26875P10110,245,85589,530SHSOLE86,477 0 3,053
Eagle Materials IncCOM26969P1086,150,48132,993SHSOLE32,805 0 187
Eaton CorporationCOMG291831033,666,45518,232SHSOLE17,282 0 950
Enbridge IncCOM29250N1052,044,43955,032SHSOLE53,032 0 2,000
Entegris IncCOM29362U1042,356,16821,261SHSOLE20,261 0 1,001
Enterprise Prd Prtnrs LpCOM293792107588,83822,347SHSOLE16,347 0 6,000
EQT CorporationCOM26884L10913,373,915325,162SHSOLE316,060 0 9,102
Exxon Mobil CorporationCOM30231G10215,419,188143,769SHSOLE138,701 0 5,068
FedEx CorporationCOM31428X10618,451,64274,432SHSOLE71,811 0 2,621
Fidelity Natl InfoCOM31620M1061,329,21024,300SHSOLE24,300 0 0
Firstenergy CorpCOM3379321071,267,48832,600SHSOLE32,600 0 0
Fiserv IncCOM3377381081,427,38711,315SHSOLE11,065 0 250
Fortinet IncCOM34959E1099,100,280120,390SHSOLE116,535 0 3,855
FRIEDMAN INDS INC COMCOM358435105745,90759,199SHSOLE59,199 0 0
General Dynamics CorpCOM3695501081,615,2307,507SHSOLE7,507 0 0
General Mills IncCOM3703341041,136,31114,815SHSOLE14,815 0 0
Gilead Sciences IncCOM375558103238,1473,090SHSOLE3,090 0 0
Global Payments IncCOM37940X1026,553,22766,517SHSOLE64,607 0 1,910
Home Depot IncCOM4370761021,364,5484,393SHSOLE3,771 0 622
Intl Bancshares CorpCOM459044103308,7376,985SHSOLE6,985 0 0
Intl Business MachinesCOM459200101404,1063,020SHSOLE3,020 0 0
Intl Flavors& FragrancesCOM4595061012,212,60227,800SHSOLE27,800 0 0
Intuitive Surgical NewCOM46120E602400,0701,170SHSOLE1,170 0 0
Iqvia Holdings IncCOM46266C1056,608,91229,403SHSOLE27,871 0 1,532
Johnson & JohnsonCOM47816010419,878,149120,095SHSOLE115,883 0 4,212
JPMorgan Chase & Co.COM46625H10019,954,025137,198SHSOLE131,569 0 5,629
Kellogg CompanyCOM4878361081,473,90321,868SHSOLE21,868 0 0
Kinder Morgan IncCOM49456B1018,653,956502,553SHSOLE488,705 0 13,848
Lilly Eli & CompanyCOM532457108483,0491,030SHSOLE1,030 0 0
Lockheed Martin CorpCOM5398301091,295,9812,815SHSOLE2,815 0 0
Lowes Companies IncCOM54866110716,677,96273,894SHSOLE72,069 0 1,825
Main Street Capital CorpCOM56035L104553,62313,830SHSOLE13,830 0 0
McDonalds CorpCOM58013510117,724,84659,398SHSOLE56,902 0 2,495
Merck & Co IncCOM58933Y1053,345,83928,996SHSOLE28,791 0 205
Meta Platforms Inc CLass ACOM30303M10235,075,557122,223SHSOLE118,911 0 3,312
Microsoft CorpCOM59491810440,315,290118,386SHSOLE113,781 0 4,605
NextEra Energy, IncCOM65339F10114,045,919189,298SHSOLE183,486 0 5,812
Nike Inc Class BCOM6541061037,567,82868,568SHSOLE65,364 0 3,203
Northern Trust CorpCOM665859104810,77310,936SHSOLE10,263 0 673
Nvidia CorpCOM67066G104653,1931,544SHSOLE1,544 0 0
Oneok Inc NewCOM682680103255,0184,132SHSOLE4,132 0 0
Paramount GlobalCOM92556H206976,39761,370SHSOLE61,370 0 0
Paychex IncCOM7043261078,847,41979,087SHSOLE76,337 0 2,750
Pepsico IncorporatedCOM71344810816,070,74186,766SHSOLE83,846 0 2,920
Pfizer IncorporatedCOM71708110311,783,386321,248SHSOLE307,966 0 13,283
Philip Morris Intl IncCOM718172109353,4313,620SHSOLE3,620 0 0
Phillips 66COM718546104362,4443,800SHSOLE3,800 0 0
Pioneer Natural ResCOM723787107625,7083,020SHSOLE3,020 0 0
Polaris Industries IncCOM731068102627,9355,193SHSOLE4,878 0 315
Procter & Gamble CoCOM74271810914,774,16597,365SHSOLE95,292 0 2,073
Prologis IncCOM74340W1035,603,95145,698SHSOLE44,648 0 1,050
Raytheon Technologies CoCOM75513E1011,337,15113,650SHSOLE13,650 0 0
Regions Financial Cp NewCOM7591EP100564,89431,700SHSOLE31,700 0 0
Ring Energy IncCOM76680V10834,30420,061SHSOLE20,061 0 0
Restaurant BrandsCOM76131D1031,940,32625,030SHSOLE25,030 0 0
Salesforce ComCOM79466L3022,356,45211,154SHSOLE10,644 0 510
Sch St US Trsr EtfETF808524862408,9808,510SHSOLE8,510 0 0
Sch US Tips EtfETF808524870322,0146,142SHSOLE6,142 0 0
Schlumberger LtdCOM8068571087,264,764147,898SHSOLE143,224 0 4,675
Schwab US Market ETFETF808524102858,76116,610SHSOLE16,610 0 0
Service Now IncCOM81762P1022,134,3623,798SHSOLE3,713 0 85
Silverbow ResourcesCOM82836G102314,49610,800SHSOLE10,800 0 0
Skyworks Solutions IncCOM83088M1026,163,11455,679SHSOLE54,832 0 847
Spdr Gold TRUSTGOLD SHS78463V107200,5541,125SHSOLE1,125 0 0
Starbucks CorpCOM855244109679,8766,863SHSOLE6,863 0 0
Stellar Bancorp IncCOM8589271064,171,990182,263SHSOLE182,263 0 0
Steris CorpCOMG8473T1009,193,63240,864SHSOLE38,086 0 2,778
Stryker CorpCOM86366710116,868,66355,291SHSOLE53,164 0 2,127
T J X Cos IncCOM8725401091,495,27017,635SHSOLE17,135 0 500
Tesla Motors IncCOM88160R101327,2131,250SHSOLE1,250 0 0
Texas Instruments IncCOM882508104296,5881,648SHSOLE1,050 0 598
Thomson Reuters CorpCOM8849031053,550,81126,314SHSOLE26,314 0 0
Thor Industries IncCOM885160101377,3313,646SHSOLE3,546 0 100
Tyson Foods Inc Cl ACOM9024941031,925,37937,723SHSOLE37,501 0 222
Unilever Plc Adr NewCOM9047677042,561,40849,135SHSOLE49,135 0 0
United Healthcare CorCOM91324P10221,286,47844,288SHSOLE42,688 0 1,600
United Rentals IncCOM9113631096,609,18114,840SHSOLE14,519 0 321
Vanguard Corp Bond EtfETF92206C870381,6704,829SHSOLE4,829 0 0
Verisk Analytics IncCOM92345Y1062,008,0518,884SHSOLE8,784 0 100
Verizon CommunicationsCOM92343V1041,378,53237,067SHSOLE37,067 0 0
Visa Inc Cl ACOM92826C8392,088,8708,796SHSOLE8,796 0 0
Wal-Mart Stores IncCOM93114210310,951,66669,676SHSOLE67,551 0 2,125
Waste Management Inc DelCOM94106L109392,7852,265SHSOLE2,265 0 0
Welltower IncCOM95040Q1044,040,72449,953SHSOLE47,271 0 2,682
Willis Tower Watson P FCOMG966291032,801,28911,895SHSOLE11,875 0 20
Workday IncCOM98138H1012,042,2719,041SHSOLE8,741 0 300
Zoetis IncCOM98978V1031,111,8546,456SHSOLE6,456 0 0