Q3 2023 · 13F-HR
Adalta Capital Management LLCholdings as filed
Filed 2023-11-15 · accession 0001698926-23-000004
$146,749
Reported value
88
Positions
2023-09-30
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | Microsoft Corporation | $16,781 | 11.4% | 53,148 | Common | SOLE |
| 09260D107 | BX | Blackstone Group Inc | $10,103 | 6.88% | 94,291 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co. Inc. | $9,249 | 6.30% | 89,200 | Common | SOLE |
| 437076102 | HD | Home Depot | $8,507 | 5.80% | 28,152 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co | $7,012 | 4.78% | 48,349 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp. | $6,744 | 4.60% | 33,120 | Common | SOLE |
| 747525103 | QCOM | Qualcomm Inc. | $6,374 | 4.34% | 57,390 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc. Class A | $5,802 | 3.95% | 44,340 | Common | SOLE |
| 11271J107 | BN | Brookfield Corp F Class A | $5,332 | 3.63% | 170,521 | Common | SOLE |
| 962166104 | WY | Weyerhaeuser Co REIT | $5,092 | 3.47% | 166,095 | Common | SOLE |
| 71742W103 | PFX | PhenixFIN Corporation | $5,013 | 3.42% | 131,999 | Common | SOLE |
| 025816109 | AXP | American Express Co. | $3,764 | 2.56% | 25,230 | Common | SOLE |
| G0450A105 | ACGL | Arch Capital Group Ltd | $3,297 | 2.25% | 41,357 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $2,737 | 1.87% | 17,571 | Common | SOLE |
| 736508847 | POR | Portland General Electric Co. | $2,596 | 1.77% | 63,405 | Common | SOLE |
| 40131M109 | GH | Guardant Health, Inc. | $2,408 | 1.64% | 81,220 | Common | SOLE |
| 806857108 | SLB | SLB | $2,327 | 1.59% | 39,744 | Common | SOLE |
| 570535104 | MKL | Markel Group Inc. | $2,224 | 1.52% | 1,511 | Common | SOLE |
| 097023105 | BA | Boeing | $2,032 | 1.38% | 10,599 | Common | SOLE |
| 09257W100 | BXMT | Blackstone Mortgage Trust | $1,784 | 1.22% | 79,735 | Common | SOLE |
| 65339F101 | NEE | NextEra Energy, Inc. | $1,780 | 1.21% | 31,072 | Common | SOLE |
| 842587107 | SO | Southern Company | $1,764 | 1.20% | 27,261 | Common | SOLE |
| 136375102 | CNI | Canadian National Railway Co. | $1,728 | 1.18% | 15,950 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems, Inc. | $1,725 | 1.18% | 32,086 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Class B | $1,714 | 1.17% | 4,893 | Common | SOLE |
| 351858105 | FNV | Franco-Nevada Corp | $1,607 | 1.10% | 12,035 | Common | SOLE |
| 166764100 | CVX | Chevron Corp. | $1,537 | 1.05% | 9,118 | Common | SOLE |
| 22266T109 | CPNG | Coupang, Inc. | $1,503 | 1.02% | 88,391 | Common | SOLE |
| 113004105 | BAM | Brookfield Asset Management Ltd. | $1,454 | 0.99% | 43,594 | Common | SOLE |
| 037833100 | AAPL | Apple Inc. | $1,295 | 0.88% | 7,565 | Common | SOLE |
| 670837103 | OGE | OGE Energy Corp. | $1,117 | 0.76% | 33,500 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb | $1,108 | 0.76% | 19,092 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc. Class C | $1,101 | 0.75% | 8,355 | Common | SOLE |
| 30231G102 | XOM | ExxonMobil Corp | $967 | 0.66% | 8,221 | Common | SOLE |
| 071813109 | BAX | Baxter International | $928 | 0.63% | 24,460 | Common | SOLE |
| 57164Y107 | VAC | Marriott Vacations | $861 | 0.59% | 8,495 | Common | SOLE |
| 20030N101 | CMCSA | Comcast Corporation | $798 | 0.54% | 18,000 | Common | SOLE |
| 01609W102 | BABA | Alibaba Group ADR | $779 | 0.53% | 8,985 | Common | SOLE |
| 26441C204 | DUK | Duke Energy Corp | $742 | 0.51% | 8,406 | Common | SOLE |
| 209115104 | ED | Consolidated Edison | $681 | 0.46% | 7,967 | Common | SOLE |
| 194162103 | CL | Colgate-Palmolive Co | $637 | 0.43% | 8,960 | Common | NONE |
| 69331C108 | PCG | PG&E Corporation | $565 | 0.39% | 35,025 | Common | SOLE |
| 742718109 | PG | Procter & Gamble | $555 | 0.38% | 3,805 | Common | SOLE |
| G16258108 | BEP | Brookfield Renewable LP | $523 | 0.36% | 24,012 | Common | SOLE |
| 674482203 | OBE | Obsidian Energy Ltd. | $521 | 0.36% | 63,392 | Common | NONE |
| 281020107 | EIX | Edison International | $512 | 0.35% | 8,000 | Common | SOLE |
| 293594107 | ENVX | Enovix Corporation | $499 | 0.34% | 39,742 | Common | SOLE |
| 58733R102 | MELI | Mercadolibre Inc | $496 | 0.34% | 391 | Common | SOLE |
| 30151E806 | CEFS | Saba Closed End Funds ETF | $484 | 0.33% | 27,635 | Common | SOLE |
| G4124C109 | GRAB | Grab Holdings Ltd. | $445 | 0.30% | 125,838 | Common | SOLE |
| 573284106 | MLM | Martin Marietta Matr | $431 | 0.29% | 1,050 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc | $426 | 0.29% | 12,796 | Common | SOLE |
| 293792107 | EPD | Enterprise Products Partners L.P. | $417 | 0.28% | 15,225 | Common | SOLE |
| 74347B425 | SH1USD | ProShares Short S&P500 | $362 | 0.25% | 25,000 | Common | SOLE |
| 532457108 | LLY | Eli Lilly & Company | $346 | 0.24% | 645 | Common | SOLE |
| 244199105 | DE | Deere & Co | $329 | 0.22% | 870 | Common | SOLE |
| 552690109 | MDU | MDU Resources Group, Inc. | $318 | 0.22% | 16,150 | Common | SOLE |
| 191216100 | KO | Coca-Cola Company | $317 | 0.22% | 5,625 | Common | SOLE |
| 438516106 | HON | Honeywell International Inc. | $298 | 0.20% | 1,611 | Common | SOLE |
| 25746U109 | D | Dominion Resources, Inc | $290 | 0.20% | 6,500 | Common | SOLE |
| 833445109 | SNOW | Snowflake Inc. | $276 | 0.19% | 1,805 | Common | SOLE |
| 78518H202 | BRW | Saba Capital Income & Opportunities Fund | $225 | 0.15% | 29,325 | Common | SOLE |
| 707569109 | PENN | Penn NTNL Gaming | $206 | 0.14% | 8,981 | Common | SOLE |
| 75886F107 | REGN | Regeneron Pharms Inc | $202 | 0.14% | 245 | Common | SOLE |
| 132061862 | TAIL | Cambria Tail Risk ETF | $200 | 0.14% | 15,300 | Common | SOLE |
| 92189F171 | GRNB | Vaneck Vectors Green Bond ETF | $187 | 0.13% | 8,250 | Common | SOLE |
| 05605H100 | BWXT | BWX Technologies Inc | $172 | 0.12% | 2,300 | Common | NONE |
| 25179M103 | DVN | Devon Energy Corp | $144 | 0.10% | 3,025 | Common | SOLE |
| 11284V105 | — | Brookfield Renewable C F Class A | $143 | 0.10% | 5,986 | Common | SOLE |
| 88642R109 | TDW | Tidewater Inc. | $142 | 0.10% | 2,000 | Common | NONE |
| 370334104 | GIS | General Mills Inc | $140 | 0.10% | 2,194 | Common | SOLE |
| 92763M105 | — | Viper Energy Partners LP | $139 | 0.09% | 5,000 | Common | NONE |
| 67401P405 | OCSL | Oaktree Specialty Lending Corporation | $137 | 0.09% | 6,825 | Common | SOLE |
| 830940102 | SKWD | Skyward Specialty Insurance | $137 | 0.09% | 5,000 | Common | NONE |
| 494368103 | KMB | Kimberly-Clark Corp | $123 | 0.08% | 1,005 | Common | SOLE |
| 718172109 | PM | Philip Morris International Inc. | $112 | 0.08% | 1,190 | Common | SOLE |
| 46120E602 | ISRG | Intuitive Surgical | $110 | 0.07% | 375 | Common | SOLE |
| 224408104 | CR | Crane Company | $107 | 0.07% | 1,200 | Common | NONE |
| 29605J106 | ESAB | ESAB Corp | $105 | 0.07% | 1,500 | Common | NONE |
| 75513E101 | RTX | Raytheon Technologies Co | $94 | 0.06% | 1,300 | Common | SOLE |
| 22160K105 | COST | Costco Wholesale Co | $90 | 0.06% | 160 | Common | SOLE |
| 060505104 | BAC | Bank of America | $85 | 0.06% | 3,100 | Common | SOLE |
| 443573100 | HUBS | Hubspot Inc | $84 | 0.06% | 170 | Common | SOLE |
| 201723103 | CMC | Commercial Metals Co | $74 | 0.05% | 1,500 | Common | SOLE |
| 18915M107 | NET | CloudFlare, Inc. | $60 | 0.04% | 950 | Common | SOLE |
| 969457100 | WMB | The Williams Companies, Inc. | $51 | 0.03% | 1,500 | Common | SOLE |
| 931427108 | WFC | Walgreens Boots Alliance, Inc. | $49 | 0.03% | 2,185 | Common | SOLE |
| 883556102 | TMO | Thermo Fisher Scientific | $17 | 0.01% | 33 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.