Institutional
Adalta Capital Management LLC
CIK 0001698926
$209.1M
Reported AUM
97
Positions
Q1 2026
Period
2026-05-18
Filed
The Brief · Adalta Capital Management LLC · Q1 2026
AI · grounded in 13F
Adalta Capital Management LLC increased its position in Micron Technology, Inc. MU by 384.67%. The fund established new positions in Landbridge Co LLC Class A LB for $779,229 and WaterBridge Infrastructure LLC for $659,704. Simultaneously, the manager reduced holdings in Microsoft Corporation MSFT by 12.72% and Alphabet Inc. Class A GOOGL by 11.17%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | MSFT | Microsoft Corporation | $390.54 | -0.71% | -24.89% | 34.54% | $14.6M | 6.99% | — | HELD |
| 2 | JPM | JPMorgan Chase & Co | $344.71 | -3.53% | 25.84% | 153.16% | $14.0M | 6.70% | — | HELD |
| 3 | GOOGL | Alphabet Inc. Class A | $336.71 | 0.90% | 76.51% | 132.04% | $11.0M | 5.28% | — | HELD |
| 4 | MRK | Merck & Co. Inc. | $130.36 | -1.11% | 70.49% | 100.41% | $10.7M | 5.13% | — | HELD |
| 5 | BN | Brookfield Corp F Class A | $41.69 | -1.60% | -3.70% | 45.10% | $10.7M | 5.13% | — | HELD |
| 6 | BX | Blackstone Group Inc | $129.40 | -3.36% | -18.57% | 25.55% | $10.0M | 4.77% | — | HELD |
| 7 | HD | Home Depot | $338.27 | -1.80% | -7.06% | 17.45% | $9.6M | 4.59% | — | HELD |
| 8 | UNP | Union Pacific Corp. | $292.19 | -0.77% | 36.18% | 50.11% | $8.2M | 3.91% | — | HELD |
| 9 | QCOM | Qualcomm Inc. | $155.68 | -4.42% | 7.27% | 18.23% | $6.9M | 3.29% | — | HELD |
| 10 | PFX | PhenixFIN Corporation | $43.01 | 0.19% | -14.30% | 11.27% | $6.9M | 3.28% | — | HELD |
| 11 | AXP | American Express Co. | $331.50 | -1.52% | 13.86% | 112.26% | $6.8M | 3.26% | — | HELD |
| 12 | GH | Guardant Health, Inc. | $144.07 | 0.31% | 247.38% | 13.03% | $5.7M | 2.72% | — | HELD |
| 13 | MKL | Markel Group Inc. | $2015.00 | -1.19% | 4.41% | 58.63% | $5.3M | 2.54% | — | HELD |
| 14 | ACGL | Arch Capital Group Ltd | $104.55 | -1.81% | 21.00% | 172.45% | $5.2M | 2.48% | — | HELD |
| 15 | MELI | Mercadolibre Inc | $1863.31 | 0.04% | -21.62% | -0.28% | $4.6M | 2.20% | — | HELD |
| 16 | WY | Weyerhaeuser Co REIT | $24.45 | -0.65% | 0.54% | -16.61% | $4.3M | 2.04% | — | HELD |
| 17 | JNJ | Johnson & Johnson | $265.53 | -0.45% | 64.28% | 77.25% | $4.2M | 2.00% | — | HELD |
| 18 | GOOG | Alphabet Inc. Class C | $335.76 | 0.95% | 75.60% | 130.67% | $3.6M | 1.71% | — | HELD |
| 19 | BRK/B | Berkshire Hathaway Class B | — | — | — | — | $3.5M | 1.65% | — | HELD |
| 20 | FNV | Franco-Nevada Corp | $214.37 | 1.79% | 30.75% | 51.01% | $3.4M | 1.65% | — | HELD |
| 21 | SO | Southern Company | $96.05 | -0.75% | 4.42% | 73.99% | $3.2M | 1.52% | — | HELD |
| 22 | DUK | Duke Energy Corp | $129.08 | -0.12% | 9.01% | 48.67% | $2.9M | 1.41% | — | HELD |
| 23 | NU | Nu Holdings Ltd. | $14.04 | -4.36% | 16.51% | 89.22% | $2.5M | 1.21% | — | HELD |
| 24 | CSCO | Cisco Systems, Inc. | $112.48 | -2.68% | 75.85% | 125.29% | $2.4M | 1.15% | — | HELD |
| 25 | SLB | SLB | $48.96 | -2.04% | 52.19% | 93.99% | $2.3M | 1.09% | — | HELD |
| 26 | BWXT | BWX Technologies Inc | $157.44 | -7.21% | 5.90% | 189.17% | $2.2M | 1.04% | — | HELD |
| 27 | AAPL | Apple Inc. | $338.19 | -0.56% | 67.77% | 128.17% | $1.9M | 0.91% | — | HELD |
| 28 | CVX | Chevron Corp. | $191.86 | 2.28% | 32.10% | 140.30% | $1.9M | 0.89% | — | HELD |
| 29 | DHR | Danaher Corp | $196.49 | -1.29% | 1.74% | -29.02% | $1.7M | 0.81% | — | HELD |
| 30 | CPNG | Coupang, Inc. | $15.16 | -1.81% | -47.25% | -49.40% | $1.7M | 0.79% | — | HELD |
| 31 | BRW | Saba Capital Income & Opportunities Fund | $6.58 | -0.45% | — | — | $1.6M | 0.78% | — | HELD |
| 32 | BA | Boeing | $214.01 | -3.41% | — | — | $1.6M | 0.75% | — | HELD |
| 33 | CNI | Canadian National Railway Co. | $129.84 | 0.25% | — | — | $1.4M | 0.67% | — | HELD |
| 34 | BAM | Brookfield Asset Management Ltd. | $47.35 | -1.46% | — | — | $1.4M | 0.67% | — | HELD |
| 35 | XOM | ExxonMobil Corp | $156.75 | 2.42% | — | — | $1.4M | 0.66% | — | HELD |
| 36 | MU | Micron Technology, Inc. | $739.00 | -9.94% | — | — | $1.2M | 0.59% | — | HELD |
| 37 | BXMT | Blackstone Mortgage Trust | $16.40 | -1.44% | — | — | $1.2M | 0.58% | — | HELD |
| 38 | BMY | Bristol-Myers Squibb | $63.10 | -0.79% | — | — | $1.1M | 0.54% | — | HELD |
| 39 | EQT | EQT Corporation | $52.57 | 1.76% | — | — | $1.1M | 0.54% | — | HELD |
| 40 | BTI | British American Tobacco ADR | $63.07 | 1.24% | — | — | $1.0M | 0.49% | — | HELD |
| 41 | TPL | Texas Pacific Land Corp | $389.41 | 0.00% | — | — | $947K | 0.45% | — | HELD |
| 42 | LLY | Eli Lilly & Company | $1210.02 | -0.87% | — | — | $928K | 0.44% | — | HELD |
| 43 | ED | Consolidated Edison | $112.25 | 0.24% | — | — | $890K | 0.43% | — | HELD |
| 44 | HSY | Hershey Co | $183.91 | 0.28% | — | — | $858K | 0.41% | — | HELD |
| 45 | HON | Honeywell International Inc. | $241.12 | -2.40% | — | — | $820K | 0.39% | — | HELD |
| 46 | OPCH | Option Care Health Inc | $23.93 | 6.45% | — | — | $819K | 0.39% | — | HELD |
| 47 | LB | Landbridge Co LLC Class A | $74.91 | -0.15% | — | — | $779K | 0.37% | — | HELD |
| 48 | CL | Colgate-Palmolive Co | $93.49 | 0.82% | — | — | $751K | 0.36% | — | HELD |
| 49 | BEP | Brookfield Renewable LP | $31.65 | -1.06% | — | — | $734K | 0.35% | — | HELD |
| 50 | D | Dominion Resources, Inc | $70.55 | -0.10% | — | — | $729K | 0.35% | — | HELD |
| 51 | PM | Philip Morris International Inc. | $198.44 | -0.86% | — | — | $707K | 0.34% | — | HELD |
| 52 | AMRZ | Amrize Ltd | $49.46 | -1.81% | — | — | $703K | 0.34% | — | HELD |
| 53 | ENB | Enbridge Inc | $55.14 | -0.20% | — | — | $693K | 0.33% | — | HELD |
| 54 | WBI | WaterBridge Infrastructure LLC | $32.45 | 1.56% | — | — | $660K | 0.32% | — | HELD |
| 55 | PCG | PG&E Corporation | $17.71 | -0.39% | — | — | $643K | 0.31% | — | HELD |
| 56 | WRB | W. R. Berkley Corporation | $75.65 | -0.68% | — | — | $598K | 0.29% | — | HELD |
| 57 | MLM | Martin Marietta Matr | $569.66 | -2.40% | — | — | $598K | 0.29% | — | HELD |
| 58 | CEFS | Saba Closed End Funds ETF | $24.44 | -1.33% | — | — | $589K | 0.28% | — | HELD |
| 59 | KMB | Kimberly-Clark Corp | $113.21 | 0.11% | — | — | $587K | 0.28% | — | HELD |
| 60 | EIX | Edison International | $78.63 | -1.45% | — | — | $585K | 0.28% | — | HELD |
| 61 | EPD | Enterprise Products Partners L.P. | $38.67 | 0.10% | — | — | $555K | 0.27% | — | HELD |
| 62 | PG | Procter & Gamble | $146.10 | -1.87% | — | — | $545K | 0.26% | — | HELD |
| 63 | DE | Deere & Co | $610.95 | -4.52% | — | — | $520K | 0.25% | — | HELD |
| 64 | USFR | WisdomTree Floating Rate Treasury Fund | $50.36 | 0.00% | — | — | $478K | 0.23% | — | HELD |
| 65 | KO | Coca-Cola Company | $89.08 | 0.92% | — | — | $431K | 0.21% | — | HELD |
| 66 | RSPA | Invesco S&P 500 Equal Weight Income Advantage ETF | $53.90 | -0.22% | — | — | $400K | 0.19% | — | HELD |
| 67 | AMAT | Applied Materials | $436.45 | -8.40% | — | — | $391K | 0.19% | — | HELD |
| 68 | BINC | iShares Flexible Income Active ETF | $51.92 | -0.12% | — | — | $379K | 0.18% | — | HELD |
| 69 | SLQD | iShares 0-5 Year Investment Grade Corporate Bond ETF | $50.15 | 0.00% | — | — | $333K | 0.16% | — | HELD |
| 70 | EFAA | Invesco MSCI EAFE Income Advantage ETF | $55.36 | -0.23% | — | — | $316K | 0.15% | — | HELD |
| 71 | UTF | Cohen & Steers Infrastructure Fund | $27.65 | -0.50% | — | — | $282K | 0.13% | — | HELD |
| 72 | CMC | Commercial Metals Co | $68.09 | -3.38% | — | — | $280K | 0.13% | — | HELD |
| 73 | DLY | DoubleLine Yield Opportunities Fund | $13.83 | -0.29% | — | — | $274K | 0.13% | — | HELD |
| 74 | VNOM | Viper Energy Inc New Class A | $43.18 | 2.71% | — | — | $267K | 0.13% | — | HELD |
| 75 | WMB | The Williams Companies, Inc. | $70.13 | -0.04% | — | — | $263K | 0.13% | — | HELD |
| 76 | RTX | Raytheon Technologies Co | $215.25 | -1.52% | — | — | $251K | 0.12% | — | HELD |
| 77 | P | Pure Storage, Inc. | $69.25 | -5.12% | — | — | $243K | 0.12% | — | HELD |
| 78 | GRAB | Grab Holdings Ltd. | $3.35 | -2.90% | — | — | $241K | 0.12% | — | HELD |
| 79 | CW | Curtiss Wright Corp | $679.41 | -6.78% | — | — | $240K | 0.11% | — | HELD |
| 80 | WIP | SPDR FTSE International Government Inflation-Protected Bond ETF | $38.89 | 0.03% | — | — | $238K | 0.11% | — | HELD |
| 81 | BEPC | Brookfield Renewable Corp | $32.12 | -1.29% | — | — | $228K | 0.11% | — | HELD |
| 82 | GNRC | Generac Holdings Inc | $195.19 | -0.21% | — | — | $211K | 0.10% | — | HELD |
| 83 | VWOB | Vanguard Emerging Markets Government Bond ETF | $65.74 | -0.59% | — | — | $200K | 0.10% | — | HELD |
| 84 | MWA | Mueller Water Products, Inc. | $25.17 | -2.86% | — | — | $199K | 0.10% | — | HELD |
| 85 | GRNB | VanEck Green Bond ETF | $23.77 | -0.19% | — | — | $198K | 0.09% | — | HELD |
| 86 | SNOW | Snowflake Inc. | $282.90 | 4.64% | — | — | $195K | 0.09% | — | HELD |
| 87 | ABBV | Abbvie Inc | $263.30 | 0.04% | — | — | $195K | 0.09% | — | HELD |
| 88 | L | Loews Corp | $118.94 | -0.39% | — | — | $181K | 0.09% | — | HELD |
| 89 | AMZN | Amazon Com Inc | $226.65 | -1.82% | — | — | $177K | 0.08% | — | HELD |
| 90 | INTC | Intel Corp | $81.88 | -5.12% | — | — | $177K | 0.08% | — | HELD |
| 91 | ISRG | Intuitive Surgical | $353.10 | -2.40% | — | — | $173K | 0.08% | — | HELD |
| 92 | JEPI | JPMorgan Equity Premium Income ETF | $56.92 | -0.97% | — | — | $170K | 0.08% | — | HELD |
| 93 | PGX | Invesco Preferred ETF | $10.68 | -0.47% | — | — | $159K | 0.08% | — | HELD |
| 94 | COST | Costco Wholesale Co | $974.03 | 0.77% | — | — | $135K | 0.06% | — | HELD |
| 95 | STIP | iShares 0-5 Year TIPS Bond ETF | $101.41 | 0.23% | — | — | $103K | 0.05% | — | HELD |
| 96 | ATAI | AtaiBeckley Inc | $7.18 | 0.00% | — | — | $39K | 0.02% | — | HELD |
| 97 | TIC | TIC Solutions, Inc. | $7.19 | -0.69% | — | — | $13K | 0.01% | — | HELD |
Source: SEC EDGAR · accession 0001698926-26-000002. 13F discloses long positions only — shorts, foreign equities, and options are excluded.