13F HOLDINGS REPORT
Adalta Capital Management LLC
Quarter ended Q2 2023 · Filed May 16, 2023 · Accession 0001698926-23-000002
Total Value
$143.0M
Positions
105
Other Managers
0
Confidential Omitted
No
Holdings (105)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Microsoft Corporation | MSFT | 56,418 | $16,265 | 11.37% |
| 2 | Merck & Co. Inc. | MRK | 87,854 | $9,411 | 6.58% |
| 3 | Blackstone Group Inc | BX | 94,511 | $8,302 | 5.81% |
| 4 | Home Depot | HD | 27,353 | $8,072 | 5.64% |
| 5 | Qualcomm Inc. | QCOM | 55,830 | $7,123 | 4.98% |
| 6 | Union Pacific Corp. | UNP | 32,970 | $6,636 | 4.64% |
| 7 | JPMorgan Chase & Co | VYLD | 48,710 | $6,347 | 4.44% |
| 8 | Brookfield Corp F Class A | 11271J107 | 167,854 | $5,470 | 3.83% |
| 9 | Teradyne, Inc. | TER | 44,810 | $4,818 | 3.37% |
| 10 | Weyerhaeuser Co REIT | WY | 159,350 | $4,801 | 3.36% |
| 11 | PhenixFIN Corporation | PFXNZ | 125,754 | $4,527 | 3.17% |
| 12 | Alphabet Inc. Class A | GOOG | 42,300 | $4,388 | 3.07% |
| 13 | American Express Co. | AXP | 24,805 | $4,092 | 2.86% |
| 14 | Portland General Electric Co. | 736508847 | 63,065 | $3,112 | 2.18% |
| 15 | Johnson & Johnson | JNJ | 17,371 | $2,693 | 1.88% |
| 16 | NextEra Energy, Inc. | NEE-PW | 30,750 | $2,370 | 1.66% |
| 17 | Boeing | BA-PA | 10,599 | $2,252 | 1.57% |
| 18 | Canadian National Railway Co. | 136375102 | 16,700 | $1,970 | 1.38% |
| 19 | SLB | SLB | 39,744 | $1,961 | 1.37% |
| 20 | Southern Company | SOMN | 27,261 | $1,897 | 1.33% |
| 21 | Guardant Health, Inc. | GH | 80,775 | $1,893 | 1.32% |
| 22 | Cisco Systems, Inc. | CSCO | 31,786 | $1,662 | 1.16% |
| 23 | Franco-Nevada Corp | FNV | 11,345 | $1,654 | 1.16% |
| 24 | Chevron Corp. | CVX | 9,118 | $1,488 | 1.04% |
| 25 | Coupang, Inc. | CPNG | 89,292 | $1,429 | 1.00% |
| 26 | Blackstone Mortgage Trust | BX | 76,848 | $1,419 | 0.99% |
| 27 | Brookfield Asset Management Ltd. | 113004105 | 41,902 | $1,371 | 0.96% |
| 28 | Bristol-Myers Squibb | CELG-RI | 18,948 | $1,313 | 0.92% |
| 29 | Berkshire Hathaway Class B | BRK-A | 4,228 | $1,305 | 0.91% |
| 30 | OGE Energy Corp. | OGE | 33,500 | $1,262 | 0.88% |
| 31 | Apple Inc. | AAPL | 7,565 | $1,247 | 0.87% |
| 32 | Arch Capital Group Ltd | G0450A105 | 17,920 | $1,216 | 0.85% |
| 33 | Marriott Vacations | VAC | 7,790 | $1,051 | 0.73% |
| 34 | Alibaba Group ADR | BBAAY | 9,485 | $969 | 0.68% |
| 35 | ExxonMobil Corp | XOM | 8,221 | $902 | 0.63% |
| 36 | Brookfield Renewable LP | G16258108 | 24,012 | $757 | 0.53% |
| 37 | Consolidated Edison | ED | 7,777 | $744 | 0.52% |
| 38 | Duke Energy Corp | DUKB | 7,205 | $695 | 0.49% |
| 39 | Comcast Corporation | CCZ | 18,000 | $682 | 0.48% |
| 40 | Colgate-Palmolive Co | CL | 8,960 | $673 | 0.47% |
| 41 | Baxter International | 071813109 | 16,340 | $667 | 0.47% |
| 42 | Alphabet Inc. Class C | GOOG | 6,075 | $632 | 0.44% |
| 43 | Edison International | 281020107 | 8,050 | $574 | 0.40% |
| 44 | PG&E Corporation | PCG-PX | 35,375 | $572 | 0.40% |
| 45 | Procter & Gamble | 742718109 | 3,805 | $566 | 0.40% |
| 46 | Saba Closed End Funds ETF | 30151E806 | 29,274 | $534 | 0.37% |
| 47 | Enbridge Inc | ENNPF | 12,796 | $488 | 0.34% |
| 48 | Obsidian Energy Ltd. | OBE | 73,392 | $470 | 0.33% |
| 49 | Markel Corp. | MKL | 360 | $460 | 0.32% |
| 50 | Dominion Resources, Inc | D | 7,300 | $408 | 0.29% |
| 51 | Enterprise Products Partners L.P. | 293792107 | 15,125 | $392 | 0.27% |
| 52 | Grab Holdings Ltd. | GRABW | 125,738 | $378 | 0.26% |
| 53 | Martin Marietta Matr | 573284106 | 1,050 | $373 | 0.26% |
| 54 | Coca-Cola Company | KO | 5,625 | $352 | 0.25% |
| 55 | Honeywell International Inc. | 438516106 | 1,611 | $308 | 0.22% |
| 56 | Microsoft Corporation | MSFT | 995 | $287 | 0.20% |
| 57 | Snowflake Inc. | SNOW | 1,805 | $278 | 0.19% |
| 58 | Cambria Tail Risk ETF | 132061862 | 18,525 | $275 | 0.19% |
| 59 | Penn NTNL Gaming | PENN | 8,981 | $266 | 0.19% |
| 60 | ESAB Corp | ESAB | 4,133 | $244 | 0.17% |
| 61 | Raytheon Technologies Co | RTX | 2,184 | $214 | 0.15% |
| 62 | Brookfield Renewable C F Class A | BEPC | 5,996 | $210 | 0.15% |
| 63 | Home Depot | HD | 700 | $207 | 0.14% |
| 64 | American Vanguard Corporation | AVD | 9,300 | $204 | 0.14% |
| 65 | Tidewater Inc. | TDGMW | 4,500 | $198 | 0.14% |
| 66 | Vaneck Vectors Green Bond ETF | 92189F171 | 8,250 | $194 | 0.14% |
| 67 | General Mills Inc | 370334104 | 2,164 | $185 | 0.13% |
| 68 | MDU Resources Group, Inc. | 552690109 | 6,000 | $184 | 0.13% |
| 69 | Ingredion Inc | INGR | 1,800 | $184 | 0.13% |
| 70 | Commercial Metals Co | CMC | 3,500 | $172 | 0.12% |
| 71 | ProShares Short S&P500 | 74347B425 | 11,000 | $165 | 0.12% |
| 72 | Wheaton Precious Metals Corp | WPM | 3,200 | $155 | 0.11% |
| 73 | Devon Energy Corp | 25179M103 | 3,025 | $153 | 0.11% |
| 74 | Kimberly-Clark Corp | KMB | 1,005 | $136 | 0.10% |
| 75 | Pure Storage, Inc. | 74624M102 | 5,000 | $128 | 0.09% |
| 76 | Merck & Co. Inc. | MRK | 1,190 | $127 | 0.09% |
| 77 | Philip Morris International Inc. | 718172109 | 1,190 | $117 | 0.08% |
| 78 | Intuitive Surgical | ISRG | 375 | $96 | 0.07% |
| 79 | Bank of America | 060505104 | 3,262 | $93 | 0.07% |
| 80 | Blackstone Group Inc | BX | 1,000 | $88 | 0.06% |
| 81 | Costco Wholesale Co | 22160K105 | 175 | $87 | 0.06% |
| 82 | American Express Co. | AXP | 500 | $82 | 0.06% |
| 83 | Union Pacific Corp. | UNP | 400 | $81 | 0.06% |
| 84 | Teradyne, Inc. | TER | 730 | $78 | 0.05% |
| 85 | Walgreens Boots Alliance, Inc. | 931427108 | 2,185 | $76 | 0.05% |
| 86 | Hubspot Inc | HUBS | 170 | $73 | 0.05% |
| 87 | CloudFlare, Inc. | NET | 950 | $59 | 0.04% |
| 88 | Brookfield Corp F Class A | 11271J107 | 1,667 | $54 | 0.04% |
| 89 | Weyerhaeuser Co REIT | WY | 1,725 | $52 | 0.04% |
| 90 | Franco-Nevada Corp | FNV | 325 | $47 | 0.03% |
| 91 | The Williams Companies, Inc. | 969457100 | 1,500 | $45 | 0.03% |
| 92 | Alphabet Inc. Class A | GOOG | 385 | $40 | 0.03% |
| 93 | Alphabet Inc. Class C | GOOG | 300 | $31 | 0.02% |
| 94 | Johnson & Johnson | JNJ | 200 | $31 | 0.02% |
| 95 | Portland General Electric Co. | 736508847 | 600 | $30 | 0.02% |
| 96 | Guardant Health, Inc. | GH | 1,100 | $26 | 0.02% |
| 97 | NextEra Energy, Inc. | NEE-PW | 325 | $25 | 0.02% |
| 98 | Bristol-Myers Squibb | CELG-RI | 350 | $24 | 0.02% |
| 99 | Saba Closed End Funds ETF | 30151E806 | 1,075 | $20 | 0.01% |
| 100 | Consolidated Edison | ED | 200 | $19 | 0.01% |
| 101 | Brookfield Asset Management Ltd. | 113004105 | 416 | $14 | 0.01% |
| 102 | Qualcomm Inc. | QCOM | 100 | $13 | 0.01% |
| 103 | PhenixFIN Corporation | PFXNZ | 245 | $9 | 0.01% |
| 104 | Blackstone Mortgage Trust | BX | 300 | $6 | 0.00% |
| 105 | Baxter International | 071813109 | 25 | $1 | 0.00% |