Q2 2024 · 13F-HR
Adalta Capital Management LLCholdings as filed
Filed 2024-08-15 · accession 0001698926-24-000004
$183.9M
Reported value
101
Positions
2024-06-30
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | Microsoft Corporation | $24.0M | 13.0% | 53,609 | Common | SOLE |
| 09260D107 | BX | Blackstone Group Inc | $11.3M | 6.15% | 91,406 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co. Inc. | $11.2M | 6.11% | 90,183 | Common | SOLE |
| 747525103 | QCOM | Qualcomm Inc. | $11.1M | 6.06% | 55,920 | Common | SOLE |
| 437076102 | HD | Home Depot | $10.0M | 5.41% | 28,919 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co | $9.9M | 5.38% | 48,934 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc. Class A | $8.0M | 4.34% | 43,860 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp. | $7.7M | 4.17% | 33,935 | Common | SOLE |
| 11271J107 | BN | Brookfield Corp F Class A | $7.1M | 3.88% | 171,903 | Common | SOLE |
| 71742W103 | PFX | PhenixFIN Corporation | $7.0M | 3.81% | 149,904 | Common | SOLE |
| 025816109 | AXP | American Express Co. | $5.9M | 3.22% | 25,605 | Common | SOLE |
| G0450A105 | ACGL | Arch Capital Group Ltd | $5.3M | 2.91% | 52,998 | Common | SOLE |
| 962166104 | WY | Weyerhaeuser Co REIT | $5.2M | 2.82% | 182,477 | Common | SOLE |
| 570535104 | MKL | Markel Group Inc. | $2.8M | 1.54% | 1,793 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $2.7M | 1.45% | 18,271 | Common | SOLE |
| 58733R102 | MELI | Mercadolibre Inc | $2.6M | 1.44% | 1,609 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Class B | $2.5M | 1.37% | 6,193 | Common | SOLE |
| 842587107 | SO | Southern Company | $2.2M | 1.18% | 27,919 | Common | SOLE |
| 40131M109 | GH | Guardant Health, Inc. | $2.1M | 1.12% | 71,023 | Common | SOLE |
| 136375102 | CNI | Canadian National Railway Co. | $1.9M | 1.03% | 15,950 | Common | SOLE |
| 806857108 | SLB | SLB | $1.8M | 1.00% | 38,794 | Common | SOLE |
| 097023105 | BA | Boeing | $1.8M | 0.98% | 9,949 | Common | SOLE |
| 113004105 | BAM | Brookfield Asset Management Ltd. | $1.7M | 0.90% | 43,494 | Common | SOLE |
| 26441C204 | DUK | Duke Energy Corp | $1.6M | 0.89% | 16,355 | Common | SOLE |
| 22266T109 | CPNG | Coupang, Inc. | $1.6M | 0.89% | 77,961 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems, Inc. | $1.5M | 0.80% | 31,024 | Common | SOLE |
| 166764100 | CVX | Chevron Corp. | $1.4M | 0.77% | 9,093 | Common | SOLE |
| 235851102 | DHR | Danaher Corp | $1.4M | 0.76% | 5,560 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc. Class C | $1.4M | 0.74% | 7,435 | Common | SOLE |
| 532457108 | LLY | Eli Lilly & Company | $1.3M | 0.68% | 1,385 | Common | SOLE |
| 09257W100 | BXMT | Blackstone Mortgage Trust | $1.2M | 0.68% | 69,188 | Common | SOLE |
| 037833100 | AAPL | Apple Inc. | $1.2M | 0.66% | 5,790 | Common | SOLE |
| 351858105 | FNV | Franco-Nevada Corp | $1.2M | 0.63% | 9,740 | Common | SOLE |
| 736508847 | POR | Portland General Electric Co. | $1.1M | 0.58% | 24,530 | Common | SOLE |
| G6683N103 | NU | Nu Holdings Ltd. | $964,494 | 0.52% | 74,825 | Common | SOLE |
| 30231G102 | XOM | ExxonMobil Corp | $934,890 | 0.51% | 8,121 | Common | SOLE |
| 194162103 | CL | Colgate-Palmolive Co | $869,478 | 0.47% | 8,960 | Common | NONE |
| 293594107 | ENVX | Enovix Corporation | $838,411 | 0.46% | 54,231 | Common | SOLE |
| 071813109 | BAX | Baxter International | $802,270 | 0.44% | 23,778 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb | $783,962 | 0.43% | 18,877 | Common | SOLE |
| 67401P405 | OCSL | Oaktree Specialty Lending Corporation | $757,385 | 0.41% | 40,265 | Common | SOLE |
| 57164Y107 | VAC | Marriott Vacations | $724,319 | 0.39% | 8,295 | Common | SOLE |
| 209115104 | ED | Consolidated Edison | $712,409 | 0.39% | 7,967 | Common | SOLE |
| 244199105 | DE | Deere & Co | $711,190 | 0.39% | 1,896 | Common | SOLE |
| 20030N101 | CMCSA | Comcast Corporation | $704,880 | 0.38% | 18,000 | Common | SOLE |
| 038222105 | AMAT | Applied Materials | $658,412 | 0.36% | 2,790 | Common | SOLE |
| 69331C108 | PCG | PG&E Corporation | $637,480 | 0.35% | 36,490 | Common | SOLE |
| 742718109 | PG | Procter & Gamble | $621,748 | 0.34% | 3,770 | Common | SOLE |
| 01609W102 | BABA | Alibaba Group ADR | $596,646 | 0.32% | 8,100 | Common | SOLE |
| G16258108 | BEP | Brookfield Renewable LP | $592,003 | 0.32% | 23,900 | Common | SOLE |
| 281020107 | EIX | Edison International | $574,480 | 0.31% | 8,000 | Common | SOLE |
| 573284106 | MLM | Martin Marietta Matr | $568,890 | 0.31% | 1,050 | Common | SOLE |
| 30151E806 | CEFS | Saba Closed End Funds ETF | $556,414 | 0.30% | 26,135 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc | $455,410 | 0.25% | 12,796 | Common | SOLE |
| 293792107 | EPD | Enterprise Products Partners L.P. | $436,149 | 0.24% | 15,050 | Common | SOLE |
| 70450Y103 | PYPL | Paypal Holdings Inc | $389,962 | 0.21% | 6,720 | Common | SOLE |
| 78518H202 | BRW | Saba Capital Income & Opportunities Fund | $385,722 | 0.21% | 54,790 | Common | SOLE |
| 674482203 | OBE | Obsidian Energy Ltd. | $375,436 | 0.20% | 50,192 | Common | NONE |
| 25243Q205 | DEO | Diageo PLC ADR | $362,480 | 0.20% | 2,875 | Common | SOLE |
| 191216100 | KO | Coca-Cola Company | $360,759 | 0.20% | 5,625 | Common | SOLE |
| 438516106 | HON | Honeywell International Inc. | $344,013 | 0.19% | 1,611 | Common | SOLE |
| 25746U109 | D | Dominion Resources, Inc | $318,500 | 0.17% | 6,500 | Common | SOLE |
| 65339F101 | NEE | NextEra Energy, Inc. | $283,240 | 0.15% | 4,000 | Common | SOLE |
| 927959106 | VNOMUSD | Viper Energy Inc Class A | $277,910 | 0.15% | 7,405 | Common | SOLE |
| G4124C109 | GRAB | Grab Holdings Ltd. | $261,564 | 0.14% | 73,680 | Common | SOLE |
| 007903107 | AMD | Advanced Micro Devices, Inc. | $257,914 | 0.14% | 1,590 | Common | SOLE |
| 75886F107 | REGN | Regeneron Pharms Inc | $257,502 | 0.14% | 245 | Common | SOLE |
| 201723103 | CMC | Commercial Metals Co | $251,029 | 0.14% | 4,565 | Common | SOLE |
| 05605H100 | BWXT | BWX Technologies Inc | $243,675 | 0.13% | 2,565 | Common | SOLE |
| 047649108 | ATKR | Atkore Inc | $238,691 | 0.13% | 1,769 | Common | NONE |
| 833445109 | SNOW | Snowflake Inc. | $235,057 | 0.13% | 1,740 | Common | SOLE |
| 14448C104 | CARR | Carrier Global Corp | $233,087 | 0.13% | 3,684 | Common | SOLE |
| 718172109 | PM | Philip Morris International Inc. | $224,760 | 0.12% | 2,190 | Common | SOLE |
| 17878Y207 | CVEO | Civeo Corp | $199,360 | 0.11% | 8,000 | Common | NONE |
| 92189F171 | GRNB | Vaneck Vectors Green Bond ETF | $194,989 | 0.11% | 8,250 | Common | SOLE |
| 707569109 | PENN | Penn NTNL Gaming | $173,827 | 0.09% | 8,981 | Common | SOLE |
| 11284V105 | — | Brookfield Renewable C F Class A | $169,116 | 0.09% | 5,959 | Common | SOLE |
| 46120E602 | ISRG | Intuitive Surgical | $166,819 | 0.09% | 375 | Common | SOLE |
| 552690109 | MDU | MDU Resources Group, Inc. | $164,720 | 0.09% | 6,530 | Common | SOLE |
| 638517102 | NWLIEUR | National Western Life | $154,051 | 0.08% | 310 | Common | SOLE |
| 37045V100 | GM | General Motors Co | $147,511 | 0.08% | 3,175 | Common | SOLE |
| 19247G107 | COHR | Coherent Corp | $144,920 | 0.08% | 2,000 | Common | NONE |
| 830940102 | SKWD | Skyward Specialty Insurance | $144,720 | 0.08% | 4,000 | Common | NONE |
| 25179M103 | DVN | Devon Energy Corp | $143,385 | 0.08% | 3,025 | Common | SOLE |
| 368736104 | GNRC | Generac Holdings Inc | $142,798 | 0.08% | 1,080 | Common | SOLE |
| 370334104 | GIS | General Mills Inc | $142,523 | 0.08% | 2,253 | Common | SOLE |
| 494368103 | KMB | Kimberly-Clark Corp | $140,117 | 0.08% | 1,005 | Common | SOLE |
| 22160K105 | COST | Costco Wholesale Co | $135,998 | 0.07% | 160 | Common | SOLE |
| 427866108 | HSY | Hershey Co | $132,358 | 0.07% | 720 | Common | SOLE |
| 75513E101 | RTX | Raytheon Technologies Co | $130,507 | 0.07% | 1,300 | Common | SOLE |
| 132061862 | TAIL | Cambria Tail Risk ETF | $113,020 | 0.06% | 9,600 | Common | SOLE |
| 060505104 | BAC | Bank of America | $103,402 | 0.06% | 2,600 | Common | SOLE |
| 29605J106 | ESAB | ESAB Corp | $94,510 | 0.05% | 1,000 | Common | NONE |
| H8088L103 | SRAD | Sportradar Group AG | $85,807 | 0.05% | 7,675 | Common | SOLE |
| 53656G209 | BCDF | Horizon Kinetics Blockchain Development ETF | $81,213 | 0.04% | 3,300 | Common | SOLE |
| 224408104 | CR | Crane Company | $79,014 | 0.04% | 545 | Common | NONE |
| 969457100 | WMB | The Williams Companies, Inc. | $63,750 | 0.03% | 1,500 | Common | SOLE |
| 18915M107 | NET | CloudFlare, Inc. | $50,940 | 0.03% | 615 | Common | SOLE |
| 88642R109 | TDW | Tidewater Inc. | $47,605 | 0.03% | 500 | Common | NONE |
| 883556102 | TMO | Thermo Fisher Scientific | $18,262 | 0.01% | 33 | Common | SOLE |
| 00973N102 | AKTSQ | Akoustis Technologies, Inc. | $13,170 | 0.01% | 100,000 | Common | NONE |
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.