Q4 2023 · 13F-HR
Adalta Capital Management LLCholdings as filed
Filed 2024-02-14 · accession 0001698926-24-000001
$165.4M
Reported value
97
Positions
2023-12-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | Microsoft Corporation | $19.9M | 12.0% | 52,836 | Common | SOLE |
| 09260D107 | BX | Blackstone Group Inc | $12.2M | 7.38% | 93,166 | Common | SOLE |
| 437076102 | HD | Home Depot | $10.0M | 6.07% | 28,952 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co. Inc. | $9.8M | 5.91% | 89,080 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co | $8.2M | 4.96% | 48,209 | Common | SOLE |
| 747525103 | QCOM | Qualcomm Inc. | $8.2M | 4.94% | 56,490 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp. | $8.1M | 4.92% | 33,120 | Common | SOLE |
| 11271J107 | BN | Brookfield Corp F Class A | $6.8M | 4.09% | 168,671 | Common | SOLE |
| 962166104 | WY | Weyerhaeuser Co REIT | $6.3M | 3.78% | 179,805 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc. Class A | $6.1M | 3.66% | 43,355 | Common | SOLE |
| 71742W103 | PFX | PhenixFIN Corporation | $5.7M | 3.45% | 135,714 | Common | SOLE |
| 025816109 | AXP | American Express Co. | $4.7M | 2.84% | 25,068 | Common | SOLE |
| G0450A105 | ACGL | Arch Capital Group Ltd | $3.7M | 2.22% | 49,353 | Common | SOLE |
| 097023105 | BA | Boeing | $2.8M | 1.67% | 10,599 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $2.8M | 1.67% | 17,571 | Common | SOLE |
| 736508847 | POR | Portland General Electric Co. | $2.5M | 1.54% | 58,030 | Common | SOLE |
| 570535104 | MKL | Markel Group Inc. | $2.4M | 1.45% | 1,691 | Common | SOLE |
| 806857108 | SLB | SLB | $2.1M | 1.26% | 39,744 | Common | SOLE |
| 136375102 | CNI | Canadian National Railway Co. | $2.0M | 1.21% | 15,950 | Common | SOLE |
| 842587107 | SO | Southern Company | $1.9M | 1.16% | 27,261 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Class B | $1.9M | 1.15% | 5,353 | Common | SOLE |
| 113004105 | BAM | Brookfield Asset Management Ltd. | $1.7M | 1.05% | 43,128 | Common | SOLE |
| 58733R102 | MELI | Mercadolibre Inc | $1.7M | 1.02% | 1,074 | Common | SOLE |
| 40131M109 | GH | Guardant Health, Inc. | $1.7M | 1.01% | 61,458 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems, Inc. | $1.6M | 0.98% | 32,086 | Common | SOLE |
| 09257W100 | BXMT | Blackstone Mortgage Trust | $1.5M | 0.92% | 69,486 | Common | SOLE |
| 037833100 | AAPL | Apple Inc. | $1.5M | 0.88% | 7,565 | Common | SOLE |
| 166764100 | CVX | Chevron Corp. | $1.4M | 0.82% | 9,118 | Common | SOLE |
| 22266T109 | CPNG | Coupang, Inc. | $1.4M | 0.82% | 83,546 | Common | SOLE |
| 670837103 | OGE | OGE Energy Corp. | $1.2M | 0.71% | 33,500 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc. Class C | $1.1M | 0.65% | 7,655 | Common | SOLE |
| 351858105 | FNV | Franco-Nevada Corp | $984,547 | 0.60% | 8,885 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb | $971,144 | 0.59% | 18,927 | Common | SOLE |
| 071813109 | BAX | Baxter International | $933,000 | 0.56% | 23,953 | Common | SOLE |
| 01609W102 | BABA | Alibaba Group ADR | $862,372 | 0.52% | 10,985 | Common | SOLE |
| 26441C204 | DUK | Duke Energy Corp | $843,278 | 0.51% | 8,690 | Common | SOLE |
| 30231G102 | XOM | ExxonMobil Corp | $821,936 | 0.50% | 8,221 | Common | SOLE |
| 20030N101 | CMCSA | Comcast Corporation | $789,300 | 0.48% | 18,000 | Common | SOLE |
| 244199105 | DE | Deere & Co | $730,987 | 0.44% | 1,821 | Common | SOLE |
| 209115104 | ED | Consolidated Edison | $724,758 | 0.44% | 7,967 | Common | SOLE |
| 194162103 | CL | Colgate-Palmolive Co | $714,202 | 0.43% | 8,960 | Common | NONE |
| 57164Y107 | VAC | Marriott Vacations | $710,619 | 0.43% | 8,295 | Common | SOLE |
| 69331C108 | PCG | PG&E Corporation | $649,891 | 0.39% | 36,025 | Common | SOLE |
| G16258108 | BEP | Brookfield Renewable LP | $631,035 | 0.38% | 24,012 | Common | SOLE |
| 532457108 | LLY | Eli Lilly & Company | $588,749 | 0.36% | 1,010 | Common | SOLE |
| 281020107 | EIX | Edison International | $578,160 | 0.35% | 8,000 | Common | SOLE |
| 293594107 | ENVX | Enovix Corporation | $574,806 | 0.35% | 45,911 | Common | SOLE |
| 742718109 | PG | Procter & Gamble | $555,387 | 0.34% | 3,790 | Common | SOLE |
| G6683N103 | NU | Nu Holdings Ltd. | $525,623 | 0.32% | 63,100 | Common | SOLE |
| 573284106 | MLM | Martin Marietta Matr | $523,856 | 0.32% | 1,050 | Common | SOLE |
| 30151E806 | CEFS | Saba Closed End Funds ETF | $486,296 | 0.29% | 25,635 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc | $460,912 | 0.28% | 12,796 | Common | SOLE |
| G4124C109 | GRAB | Grab Holdings Ltd. | $392,305 | 0.24% | 116,411 | Common | SOLE |
| 293792107 | EPD | Enterprise Products Partners L.P. | $384,051 | 0.23% | 14,575 | Common | SOLE |
| 78518H202 | BRW | Saba Capital Income & Opportunities Fund | $381,016 | 0.23% | 48,175 | Common | SOLE |
| 833445109 | SNOW | Snowflake Inc. | $359,195 | 0.22% | 1,805 | Common | SOLE |
| 438516106 | HON | Honeywell International Inc. | $337,843 | 0.20% | 1,611 | Common | SOLE |
| 191216100 | KO | Coca-Cola Company | $331,481 | 0.20% | 5,625 | Common | SOLE |
| 674482203 | OBE | Obsidian Energy Ltd. | $329,454 | 0.20% | 48,592 | Common | NONE |
| 25746U109 | D | Dominion Resources, Inc | $305,500 | 0.18% | 6,500 | Common | SOLE |
| 67401P405 | OCSL | Oaktree Specialty Lending Corporation | $303,237 | 0.18% | 14,850 | Common | SOLE |
| 74347B425 | SH1USD | ProShares Short S&P500 | $285,780 | 0.17% | 22,000 | Common | NONE |
| 70450Y103 | PYPL | Paypal Holdings Inc | $253,316 | 0.15% | 4,125 | Common | SOLE |
| 65339F101 | NEE | NextEra Energy, Inc. | $242,960 | 0.15% | 4,000 | Common | SOLE |
| 707569109 | PENN | Penn NTNL Gaming | $233,686 | 0.14% | 8,981 | Common | SOLE |
| 783754104 | RYZ | Ryerson Holding Corporation | $225,420 | 0.14% | 6,500 | Common | NONE |
| 75886F107 | REGN | Regeneron Pharms Inc | $215,181 | 0.13% | 245 | Common | SOLE |
| 927959106 | VNOMUSD | Viper Energy Inc Class A | $203,970 | 0.12% | 6,500 | Common | NONE |
| 92189F171 | GRNB | Vaneck Vectors Green Bond ETF | $196,598 | 0.12% | 8,250 | Common | SOLE |
| 05605H100 | BWXT | BWX Technologies Inc | $191,825 | 0.12% | 2,500 | Common | NONE |
| 718172109 | PM | Philip Morris International Inc. | $189,806 | 0.11% | 1,990 | Common | SOLE |
| 17878Y207 | CVEO | Civeo Corp | $182,800 | 0.11% | 8,000 | Common | NONE |
| 11284V105 | — | Brookfield Renewable CF Class A | $172,337 | 0.10% | 5,986 | Common | SOLE |
| 808625107 | SAIC | Science Applications Inte | $158,508 | 0.10% | 1,275 | Common | NONE |
| 224408104 | CR | Crane Company | $149,447 | 0.09% | 1,265 | Common | NONE |
| 201723103 | CMC | Commercial Metals Co | $145,116 | 0.09% | 2,900 | Common | SOLE |
| 83089J108 | SKYT | Skywater Technology Inc | $144,300 | 0.09% | 15,000 | Common | NONE |
| 370334104 | GIS | General Mills Inc | $144,219 | 0.09% | 2,214 | Common | SOLE |
| 25179M103 | DVN | Devon Energy Corp | $137,033 | 0.08% | 3,025 | Common | SOLE |
| 46120E602 | ISRG | Intuitive Surgical | $126,510 | 0.08% | 375 | Common | SOLE |
| 494368103 | KMB | Kimberly-Clark Corp | $123,303 | 0.07% | 1,005 | Common | SOLE |
| 132061862 | TAIL | Cambria Tail Risk ETF | $122,976 | 0.07% | 9,600 | Common | SOLE |
| 552690109 | MDU | MDU Resources Group, Inc. | $122,277 | 0.07% | 6,115 | Common | SOLE |
| H8088L103 | SRAD | Sportradar Group AG | $110,500 | 0.07% | 10,000 | Common | NONE |
| 75513E101 | RTX | Raytheon Technologies Co | $109,382 | 0.07% | 1,300 | Common | SOLE |
| 22160K105 | COST | Costco Wholesale Co | $108,013 | 0.07% | 160 | Common | SOLE |
| 060505104 | BAC | Bank of America | $104,377 | 0.06% | 3,100 | Common | SOLE |
| 830940102 | SKWD | Skyward Specialty Insurance | $101,640 | 0.06% | 3,000 | Common | NONE |
| 443573100 | HUBS | Hubspot Inc | $98,692 | 0.06% | 170 | Common | SOLE |
| 368736104 | GNRC | Generac Holdings Inc | $94,345 | 0.06% | 730 | Common | SOLE |
| 18915M107 | NET | CloudFlare, Inc. | $79,097 | 0.05% | 950 | Common | SOLE |
| 29605J106 | ESAB | ESAB Corp | $69,344 | 0.04% | 800 | Common | NONE |
| 84920Y106 | SPWH | Sportsman's Warehouse Holding | $55,380 | 0.03% | 13,000 | Common | NONE |
| 969457100 | WMB | The Williams Companies, Inc. | $52,245 | 0.03% | 1,500 | Common | SOLE |
| 53656G209 | BCDF | Horizon Kinetics Blockchain Development ETF | $49,103 | 0.03% | 2,000 | Common | SOLE |
| 88642R109 | TDW | Tidewater Inc. | $36,055 | 0.02% | 500 | Common | NONE |
| 883556102 | TMO | Thermo Fisher Scientific | $17,528 | 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.