Q1 2024 · 13F-HR
Adalta Capital Management LLCholdings as filed
Filed 2024-05-16 · accession 0001698926-24-000003
$181.1M
Reported value
101
Positions
2024-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | Microsoft Corporation | $22.6M | 12.5% | 53,748 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co. Inc. | $12.0M | 6.62% | 90,260 | Common | SOLE |
| 09260D107 | BX | Blackstone Group Inc | $12.0M | 6.62% | 91,186 | Common | SOLE |
| 437076102 | HD | Home Depot | $11.1M | 6.14% | 28,963 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co | $9.8M | 5.42% | 48,989 | Common | SOLE |
| 747525103 | QCOM | Qualcomm Inc. | $9.6M | 5.29% | 56,615 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp. | $8.4M | 4.62% | 34,005 | Common | SOLE |
| 11271J107 | BN | Brookfield Corp F Class A | $7.1M | 3.94% | 170,513 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc. Class A | $6.6M | 3.66% | 43,885 | Common | SOLE |
| 962166104 | WY | Weyerhaeuser Co REIT | $6.6M | 3.62% | 182,467 | Common | SOLE |
| 71742W103 | PFX | PhenixFIN Corporation | $6.3M | 3.46% | 142,309 | Common | SOLE |
| 025816109 | AXP | American Express Co. | $5.8M | 3.22% | 25,615 | Common | SOLE |
| G0450A105 | ACGL | Arch Capital Group Ltd | $4.9M | 2.70% | 52,948 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $2.9M | 1.60% | 18,271 | Common | SOLE |
| 570535104 | MKL | Markel Group Inc. | $2.7M | 1.49% | 1,769 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Class B | $2.6M | 1.44% | 6,193 | Common | SOLE |
| 806857108 | SLB | SLB | $2.1M | 1.18% | 38,794 | Common | SOLE |
| 136375102 | CNI | Canadian National Railway Co. | $2.1M | 1.16% | 15,950 | Common | SOLE |
| 58733R102 | MELI | Mercadolibre Inc | $2.0M | 1.13% | 1,349 | Common | SOLE |
| 842587107 | SO | Southern Company | $2.0M | 1.11% | 27,896 | Common | SOLE |
| 097023105 | BA | Boeing | $1.9M | 1.06% | 9,949 | Common | SOLE |
| 113004105 | BAM | Brookfield Asset Management Ltd. | $1.8M | 1.01% | 43,494 | Common | SOLE |
| 736508847 | POR | Portland General Electric Co. | $1.7M | 0.96% | 40,930 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems, Inc. | $1.6M | 0.86% | 31,174 | Common | SOLE |
| 26441C204 | DUK | Duke Energy Corp | $1.5M | 0.85% | 15,968 | Common | SOLE |
| 40131M109 | GH | Guardant Health, Inc. | $1.5M | 0.81% | 71,023 | Common | SOLE |
| 166764100 | CVX | Chevron Corp. | $1.4M | 0.79% | 9,093 | Common | SOLE |
| 09257W100 | BXMT | Blackstone Mortgage Trust | $1.4M | 0.78% | 69,187 | Common | SOLE |
| 22266T109 | CPNG | Coupang, Inc. | $1.4M | 0.76% | 77,861 | Common | SOLE |
| 351858105 | FNV | Franco-Nevada Corp | $1.4M | 0.75% | 11,390 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc. Class C | $1.1M | 0.63% | 7,455 | Common | SOLE |
| 071813109 | BAX | Baxter International | $1.0M | 0.57% | 23,953 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb | $1.0M | 0.57% | 18,877 | Common | SOLE |
| 037833100 | AAPL | Apple Inc. | $992,869 | 0.55% | 5,790 | Common | SOLE |
| 30231G102 | XOM | ExxonMobil Corp | $955,609 | 0.53% | 8,221 | Common | SOLE |
| 532457108 | LLY | Eli Lilly & Company | $921,883 | 0.51% | 1,185 | Common | SOLE |
| 57164Y107 | VAC | Marriott Vacations | $893,620 | 0.49% | 8,295 | Common | SOLE |
| 194162103 | CL | Colgate-Palmolive Co | $806,848 | 0.45% | 8,960 | Common | NONE |
| G6683N103 | NU | Nu Holdings Ltd. | $790,064 | 0.44% | 66,225 | Common | SOLE |
| 20030N101 | CMCSA | Comcast Corporation | $780,300 | 0.43% | 18,000 | Common | SOLE |
| 244199105 | DE | Deere & Co | $777,428 | 0.43% | 1,886 | Common | SOLE |
| 67401P405 | OCSL | Oaktree Specialty Lending Corporation | $776,079 | 0.43% | 39,475 | Common | SOLE |
| 01609W102 | BABA | Alibaba Group ADR | $767,016 | 0.42% | 10,600 | Common | SOLE |
| 209115104 | ED | Consolidated Edison | $723,483 | 0.40% | 7,967 | Common | SOLE |
| 573284106 | MLM | Martin Marietta Matr | $644,637 | 0.36% | 1,050 | Common | SOLE |
| 742718109 | PG | Procter & Gamble | $614,765 | 0.34% | 3,789 | Common | SOLE |
| 69331C108 | PCG | PG&E Corporation | $611,937 | 0.34% | 36,490 | Common | SOLE |
| 281020107 | EIX | Edison International | $572,080 | 0.32% | 8,000 | Common | SOLE |
| G16258108 | BEP | Brookfield Renewable LP | $555,197 | 0.31% | 23,900 | Common | SOLE |
| 30151E806 | CEFS | Saba Closed End Funds ETF | $540,210 | 0.30% | 26,135 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc | $462,959 | 0.26% | 12,796 | Common | SOLE |
| 70450Y103 | PYPL | Paypal Holdings Inc | $446,823 | 0.25% | 6,670 | Common | SOLE |
| 25243Q205 | DEO | Diageo PLC F Sponsored ADR | $439,803 | 0.24% | 2,925 | Common | SOLE |
| 293792107 | EPD | Enterprise Products Partners L.P. | $439,159 | 0.24% | 15,050 | Common | SOLE |
| 293594107 | ENVX | Enovix Corporation | $434,391 | 0.24% | 54,231 | Common | SOLE |
| 670837103 | OGE | OGE Energy Corp. | $420,175 | 0.23% | 12,250 | Common | SOLE |
| 674482203 | OBE | Obsidian Energy Ltd. | $412,578 | 0.23% | 50,192 | Common | NONE |
| 78518H202 | BRW | Saba Capital Income & Opportunities Fund | $365,958 | 0.20% | 50,200 | Common | SOLE |
| 191216100 | KO | Coca-Cola Company | $346,866 | 0.19% | 5,625 | Common | SOLE |
| 438516106 | HON | Honeywell International Inc. | $330,658 | 0.18% | 1,611 | Common | SOLE |
| 25746U109 | D | Dominion Resources, Inc | $319,735 | 0.18% | 6,500 | Common | SOLE |
| 927959106 | VNOMUSD | Viper Energy Inc Class A | $284,796 | 0.16% | 7,405 | Common | SOLE |
| 833445109 | SNOW | Snowflake Inc. | $281,184 | 0.16% | 1,740 | Common | SOLE |
| G4124C109 | GRAB | Grab Holdings Ltd. | $256,475 | 0.14% | 81,680 | Common | SOLE |
| 65339F101 | NEE | NextEra Energy, Inc. | $255,640 | 0.14% | 4,000 | Common | SOLE |
| 201723103 | CMC | Commercial Metals Co | $241,695 | 0.13% | 4,100 | Common | SOLE |
| 75886F107 | REGN | Regeneron Pharms Inc | $235,810 | 0.13% | 245 | Common | SOLE |
| 038222105 | AMAT | Applied Materials | $216,542 | 0.12% | 1,050 | Common | SOLE |
| 17878Y207 | CVEO | Civeo Corp | $214,800 | 0.12% | 8,000 | Common | NONE |
| 718172109 | PM | Philip Morris International Inc. | $203,495 | 0.11% | 2,190 | Common | SOLE |
| H8088L103 | SRAD | Sportradar Group AG | $197,007 | 0.11% | 16,925 | Common | NONE |
| 92189F171 | GRNB | Vaneck Vectors Green Bond ETF | $195,773 | 0.11% | 8,250 | Common | SOLE |
| 05605H100 | BWXT | BWX Technologies Inc | $194,978 | 0.11% | 1,900 | Common | NONE |
| 707569109 | PENN | Penn NTNL Gaming | $163,544 | 0.09% | 8,981 | Common | SOLE |
| 783754104 | RYZ | Ryerson Holding Corporation | $158,288 | 0.09% | 4,725 | Common | NONE |
| 370334104 | GIS | General Mills Inc | $156,325 | 0.09% | 2,234 | Common | SOLE |
| 552690109 | MDU | MDU Resources Group, Inc. | $154,863 | 0.09% | 6,115 | Common | SOLE |
| 638517102 | NWLIEUR | National Western Life | $152,508 | 0.08% | 310 | Common | SOLE |
| 25179M103 | DVN | Devon Energy Corp | $151,795 | 0.08% | 3,025 | Common | SOLE |
| 46120E602 | ISRG | Intuitive Surgical | $149,659 | 0.08% | 375 | Common | SOLE |
| 11284V105 | — | Brookfield Renewable C F Class A | $146,413 | 0.08% | 5,959 | Common | SOLE |
| 808625107 | SAIC | Science Applications Inte | $143,429 | 0.08% | 1,100 | Common | NONE |
| 368736104 | GNRC | Generac Holdings Inc | $136,231 | 0.08% | 1,080 | Common | SOLE |
| 494368103 | KMB | Kimberly-Clark Corp | $131,223 | 0.07% | 1,005 | Common | SOLE |
| 75513E101 | RTX | Raytheon Technologies Co | $126,789 | 0.07% | 1,300 | Common | SOLE |
| G27358103 | DESP1EUR | Despegar.Com Corp | $119,600 | 0.07% | 10,000 | Common | NONE |
| 132061862 | TAIL | Cambria Tail Risk ETF | $117,326 | 0.06% | 9,600 | Common | SOLE |
| 22160K105 | COST | Costco Wholesale Co | $117,221 | 0.06% | 160 | Common | SOLE |
| G0457F107 | ARCO | Arcos Dorados Holdings Inc-A | $111,200 | 0.06% | 10,000 | Common | NONE |
| 74347B110 | — | ProShares Ultrapro Short S&P 500 ETF | $99,484 | 0.05% | 15,400 | Common | NONE |
| 060505104 | BAC | Bank of America | $98,592 | 0.05% | 2,600 | Common | SOLE |
| 00973N102 | AKTSQ | Akoustis Technologies, Inc. | $94,576 | 0.05% | 160,000 | Common | NONE |
| 83089J108 | SKYT | Skywater Technology Inc | $91,530 | 0.05% | 9,000 | Common | NONE |
| 53656G209 | BCDF | Horizon Kinetics Blockchain Development ETF | $75,004 | 0.04% | 3,000 | Common | SOLE |
| 830940102 | SKWD | Skyward Specialty Insurance | $74,820 | 0.04% | 2,000 | Common | NONE |
| 224408104 | CR | Crane Company | $73,646 | 0.04% | 545 | Common | NONE |
| 29605J106 | ESAB | ESAB Corp | $66,378 | 0.04% | 600 | Common | NONE |
| 18915M107 | NET | CloudFlare, Inc. | $59,550 | 0.03% | 615 | Common | SOLE |
| 969457100 | WMB | The Williams Companies, Inc. | $58,455 | 0.03% | 1,500 | Common | SOLE |
| 88642R109 | TDW | Tidewater Inc. | $46,000 | 0.03% | 500 | Common | NONE |
| 883556102 | TMO | Thermo Fisher Scientific | $19,193 | 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.