13F HOLDINGS REPORT
Adalta Capital Management LLC
Quarter ended Q1 2023 · Filed February 21, 2023 · Accession 0001698926-23-000001
Total Value
$141,788
Positions
112
Other Managers
0
Confidential Omitted
No
Holdings (112)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Microsoft Corporation | MSFT | 56,909 | $13,648 | 9.63% |
| 2 | Merck & Co. Inc. | MRK | 87,820 | $9,808 | 6.92% |
| 3 | Home Depot | HD | 27,539 | $8,698 | 6.13% |
| 4 | Blackstone Group Inc | BX | 95,611 | $7,093 | 5.00% |
| 5 | Union Pacific Corp. | UNP | 32,970 | $6,827 | 4.81% |
| 6 | JPMorgan Chase & Co | VYLD | 48,599 | $6,517 | 4.60% |
| 7 | Qualcomm Inc. | QCOM | 55,440 | $6,095 | 4.30% |
| 8 | Teradyne, Inc. | TER | 66,662 | $5,823 | 4.11% |
| 9 | Brookfield Corp F Class A | 11271J107 | 178,404 | $5,613 | 3.96% |
| 10 | Weyerhaeuser Co REIT | WY | 159,255 | $4,937 | 3.48% |
| 11 | Alphabet Inc. Class A | GOOG | 41,815 | $3,689 | 2.60% |
| 12 | PhenixFIN Corporation | PFXNZ | 118,728 | $3,689 | 2.60% |
| 13 | American Express Co. | AXP | 24,805 | $3,665 | 2.58% |
| 14 | Portland General Electric Co. | 736508847 | 63,065 | $3,119 | 2.20% |
| 15 | Johnson & Johnson | JNJ | 17,371 | $3,069 | 2.16% |
| 16 | NextEra Energy, Inc. | NEE-PW | 30,756 | $2,571 | 1.81% |
| 17 | Cisco Systems, Inc. | CSCO | 51,890 | $2,472 | 1.74% |
| 18 | Guardant Health, Inc. | GH | 82,665 | $2,248 | 1.59% |
| 19 | Boeing | BA-PA | 11,348 | $2,162 | 1.52% |
| 20 | SLB | SLB | 39,794 | $2,134 | 1.51% |
| 21 | Canadian National Railway Co. | 136375102 | 16,700 | $1,985 | 1.40% |
| 22 | Southern Company | SOMN | 27,150 | $1,939 | 1.37% |
| 23 | Blackstone Mortgage Trust | BX | 76,847 | $1,674 | 1.18% |
| 24 | Franco-Nevada Corp | FNV | 12,260 | $1,673 | 1.18% |
| 25 | Chevron Corp. | CVX | 9,118 | $1,637 | 1.15% |
| 26 | Coupang, Inc. | CPNG | 101,467 | $1,493 | 1.05% |
| 27 | Bristol-Myers Squibb | CELG-RI | 18,948 | $1,363 | 0.96% |
| 28 | OGE Energy Corp. | OGE | 33,500 | $1,325 | 0.93% |
| 29 | Brookfield Asset Management Ltd. | 113004105 | 43,561 | $1,249 | 0.88% |
| 30 | Applied Materials | 038222105 | 12,415 | $1,209 | 0.85% |
| 31 | Apple Inc. | AAPL | 8,934 | $1,161 | 0.82% |
| 32 | Marriott Vacations | VAC | 7,790 | $1,054 | 0.74% |
| 33 | Berkshire Hathaway Class B | BRK-A | 3,228 | $997 | 0.70% |
| 34 | Arch Capital Group Ltd | G0450A105 | 14,920 | $937 | 0.66% |
| 35 | ExxonMobil Corp | XOM | 8,221 | $907 | 0.64% |
| 36 | Alibaba Group ADR | BBAAY | 9,985 | $880 | 0.62% |
| 37 | Baxter International | 071813109 | 16,390 | $840 | 0.59% |
| 38 | Duke Energy Corp | DUKB | 7,106 | $732 | 0.52% |
| 39 | Colgate-Palmolive Co | CL | 8,960 | $706 | 0.50% |
| 40 | Consolidated Edison | ED | 7,335 | $699 | 0.49% |
| 41 | Comcast Corporation | CCZ | 18,025 | $630 | 0.44% |
| 42 | Brookfield Renewable LP | G16258108 | 24,012 | $608 | 0.43% |
| 43 | Procter & Gamble | 742718109 | 3,805 | $577 | 0.41% |
| 44 | Alphabet Inc. Class C | GOOG | 6,075 | $539 | 0.38% |
| 45 | Tidewater Inc. | TDGMW | 14,510 | $535 | 0.38% |
| 46 | Edison International | 281020107 | 8,050 | $518 | 0.37% |
| 47 | Saba Cef ETF | 30151E806 | 29,274 | $505 | 0.36% |
| 48 | Enbridge Inc | ENNPF | 12,796 | $500 | 0.35% |
| 49 | Markel Corp. | MKL | 360 | $474 | 0.33% |
| 50 | Dominion Resources, Inc | D | 7,300 | $448 | 0.32% |
| 51 | Grab Holdings Ltd. | GRABW | 125,018 | $403 | 0.28% |
| 52 | Coca-Cola Company | KO | 5,625 | $358 | 0.25% |
| 53 | Martin Marietta Matr | 573284106 | 1,050 | $355 | 0.25% |
| 54 | Cambria Tail Risk ETF | 132061862 | 21,450 | $330 | 0.23% |
| 55 | Honeywell International Inc. | 438516106 | 1,500 | $321 | 0.23% |
| 56 | Obsidian Energy Ltd. | OBE | 45,642 | $303 | 0.21% |
| 57 | American Vanguard Corporation | AVD | 13,510 | $294 | 0.21% |
| 58 | Penn NTNL Gaming | PENN | 8,981 | $267 | 0.19% |
| 59 | Snowflake Inc. | SNOW | 1,815 | $261 | 0.18% |
| 60 | ESAB Corp | ESAB | 5,483 | $258 | 0.18% |
| 61 | Microsoft Corporation | MSFT | 995 | $239 | 0.17% |
| 62 | Home Depot | HD | 700 | $221 | 0.16% |
| 63 | Commercial Metals Co | CMC | 4,500 | $217 | 0.15% |
| 64 | Civeo Corp | CVEO | 6,800 | $211 | 0.15% |
| 65 | Ingredion Inc | INGR | 2,000 | $197 | 0.14% |
| 66 | Pure Storage, Inc. | 74624M102 | 7,100 | $190 | 0.13% |
| 67 | Vaneck Vectors Green Bond ETF | 92189F171 | 8,250 | $190 | 0.13% |
| 68 | Devon Energy Corp | 25179M103 | 3,025 | $186 | 0.13% |
| 69 | General Mills Inc | 370334104 | 2,149 | $180 | 0.13% |
| 70 | Madison Square Garden Co Class A | 55825T103 | 950 | $174 | 0.12% |
| 71 | Intel Corp | INTC | 6,464 | $171 | 0.12% |
| 72 | MDU Resources Group, Inc. | 552690109 | 5,500 | $168 | 0.12% |
| 73 | Brookfield Renewable C F Class A | BEPC | 5,996 | $165 | 0.12% |
| 74 | Enterprise Products Partners L.P. | 293792107 | 6,550 | $158 | 0.11% |
| 75 | Walgreens Boots Alliance, Inc. | 931427108 | 4,185 | $156 | 0.11% |
| 76 | Kimberly-Clark Corp | KMB | 1,005 | $138 | 0.10% |
| 77 | Merck & Co. Inc. | MRK | 1,190 | $133 | 0.09% |
| 78 | Raytheon Technologies Co | RTX | 1,300 | $131 | 0.09% |
| 79 | Philip Morris International Inc. | 718172109 | 1,190 | $122 | 0.09% |
| 80 | Wheaton Precious Metals Corp | WPM | 3,000 | $117 | 0.08% |
| 81 | Bank of America | 060505104 | 3,512 | $116 | 0.08% |
| 82 | CrowdStrike Holdings, Inc. | CRWD | 1,030 | $108 | 0.08% |
| 83 | Intuitive Surgical | ISRG | 375 | $100 | 0.07% |
| 84 | Federated Hermes, Inc. | FHI | 2,500 | $91 | 0.06% |
| 85 | Costco Wholesale Co | 22160K105 | 200 | $91 | 0.06% |
| 86 | Union Pacific Corp. | UNP | 400 | $83 | 0.06% |
| 87 | Teradyne, Inc. | TER | 865 | $76 | 0.05% |
| 88 | Blackstone Group Inc | BX | 1,000 | $74 | 0.05% |
| 89 | American Express Co. | AXP | 500 | $74 | 0.05% |
| 90 | eBay Inc. | EBAY | 1,345 | $56 | 0.04% |
| 91 | Weyerhaeuser Co REIT | WY | 1,725 | $53 | 0.04% |
| 92 | Brookfield Corp F Class A | 11271J107 | 1,667 | $52 | 0.04% |
| 93 | The Williams Companies, Inc. | 969457100 | 1,500 | $49 | 0.03% |
| 94 | Hubspot Inc | HUBS | 170 | $49 | 0.03% |
| 95 | CloudFlare, Inc. | NET | 1,000 | $45 | 0.03% |
| 96 | Applied Materials | 038222105 | 460 | $45 | 0.03% |
| 97 | Sunrun Inc. | RUN | 1,650 | $40 | 0.03% |
| 98 | Johnson & Johnson | JNJ | 200 | $35 | 0.02% |
| 99 | Alphabet Inc. Class A | GOOG | 385 | $34 | 0.02% |
| 100 | Portland General Electric Co. | 736508847 | 600 | $30 | 0.02% |
| 101 | Guardant Health, Inc. | GH | 1,100 | $30 | 0.02% |
| 102 | NextEra Energy, Inc. | NEE-PW | 325 | $27 | 0.02% |
| 103 | Alphabet Inc. Class C | GOOG | 300 | $27 | 0.02% |
| 104 | Bristol-Myers Squibb | CELG-RI | 350 | $25 | 0.02% |
| 105 | Consolidated Edison | ED | 200 | $19 | 0.01% |
| 106 | Saba Cef ETF | 30151E806 | 1,075 | $19 | 0.01% |
| 107 | Airgain, Inc. | AIRG | 2,511 | $16 | 0.01% |
| 108 | Brookfield Asset Management Ltd. | 113004105 | 416 | $12 | 0.01% |
| 109 | Qualcomm Inc. | QCOM | 100 | $11 | 0.01% |
| 110 | PhenixFIN Corporation | PFXNZ | 245 | $8 | 0.01% |
| 111 | Blackstone Mortgage Trust | BX | 300 | $7 | 0.00% |
| 112 | Baxter International | 071813109 | 25 | $1 | 0.00% |