13F HOLDINGS REPORT
Adalta Capital Management LLC
Quarter ended Q3 2023 · Filed August 24, 2023 · Accession 0001698926-23-000003
Total Value
$149,625
Positions
108
Other Managers
0
Confidential Omitted
No
Holdings (108)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Microsoft Corporation | MSFT | 51,828 | $17,650 | 11.80% |
| 2 | Merck & Co. Inc. | MRK | 88,044 | $10,224 | 6.83% |
| 3 | Blackstone Group Inc | BX | 93,986 | $8,738 | 5.84% |
| 4 | Home Depot | HD | 27,353 | $8,497 | 5.68% |
| 5 | JPMorgan Chase & Co | VYLD | 48,349 | $7,032 | 4.70% |
| 6 | Qualcomm Inc. | QCOM | 57,750 | $6,875 | 4.59% |
| 7 | Union Pacific Corp. | UNP | 32,720 | $6,695 | 4.47% |
| 8 | Brookfield Corp F Class A | 11271J107 | 169,634 | $5,708 | 3.81% |
| 9 | Weyerhaeuser Co REIT | WY | 164,575 | $5,515 | 3.69% |
| 10 | Alphabet Inc. Class A | GOOG | 44,400 | $5,315 | 3.55% |
| 11 | PhenixFIN Corporation | PFXNZ | 130,254 | $4,947 | 3.31% |
| 12 | American Express Co. | AXP | 24,830 | $4,325 | 2.89% |
| 13 | Portland General Electric Co. | 736508847 | 62,915 | $2,976 | 1.99% |
| 14 | Johnson & Johnson | JNJ | 17,371 | $2,875 | 1.92% |
| 15 | Guardant Health, Inc. | GH | 80,275 | $2,874 | 1.92% |
| 16 | Arch Capital Group Ltd | G0450A105 | 36,560 | $2,737 | 1.83% |
| 17 | NextEra Energy, Inc. | NEE-PW | 30,747 | $2,281 | 1.52% |
| 18 | Boeing | BA-PA | 10,599 | $2,238 | 1.50% |
| 19 | SLB | SLB | 39,744 | $1,962 | 1.31% |
| 20 | Canadian National Railway Co. | 136375102 | 15,950 | $1,931 | 1.29% |
| 21 | Southern Company | SOMN | 27,261 | $1,915 | 1.28% |
| 22 | Cisco Systems, Inc. | CSCO | 32,086 | $1,660 | 1.11% |
| 23 | Blackstone Mortgage Trust | BX | 77,149 | $1,653 | 1.10% |
| 24 | Franco-Nevada Corp | FNV | 11,395 | $1,625 | 1.09% |
| 25 | Berkshire Hathaway Class B | BRK-A | 4,643 | $1,583 | 1.06% |
| 26 | Coupang, Inc. | CPNG | 85,292 | $1,484 | 0.99% |
| 27 | Apple Inc. | AAPL | 7,565 | $1,467 | 0.98% |
| 28 | Brookfield Asset Management Ltd. | 113004105 | 44,098 | $1,439 | 0.96% |
| 29 | Chevron Corp. | CVX | 9,118 | $1,435 | 0.96% |
| 30 | Markel Group Inc. | MKL | 1,002 | $1,386 | 0.93% |
| 31 | Bristol-Myers Squibb | CELG-RI | 19,027 | $1,217 | 0.81% |
| 32 | OGE Energy Corp. | OGE | 33,500 | $1,203 | 0.80% |
| 33 | Marriott Vacations | VAC | 9,290 | $1,140 | 0.76% |
| 34 | Alphabet Inc. Class C | GOOG | 8,175 | $989 | 0.66% |
| 35 | ExxonMobil Corp | XOM | 8,221 | $882 | 0.59% |
| 36 | Alibaba Group ADR | BBAAY | 9,485 | $791 | 0.53% |
| 37 | Comcast Corporation | CCZ | 18,000 | $748 | 0.50% |
| 38 | Baxter International | 071813109 | 16,090 | $738 | 0.49% |
| 39 | Texas Instruments | 882508104 | 4,000 | $720 | 0.48% |
| 40 | Brookfield Renewable LP | G16258108 | 24,012 | $708 | 0.47% |
| 41 | Consolidated Edison | ED | 7,777 | $703 | 0.47% |
| 42 | Colgate-Palmolive Co | CL | 8,960 | $690 | 0.46% |
| 43 | Duke Energy Corp | DUKB | 7,205 | $647 | 0.43% |
| 44 | Saba Closed End Funds ETF | 30151E806 | 33,410 | $616 | 0.41% |
| 45 | PG&E Corporation | PCG-PX | 34,875 | $603 | 0.40% |
| 46 | Procter & Gamble | 742718109 | 3,805 | $577 | 0.39% |
| 47 | Edison International | 281020107 | 8,000 | $556 | 0.37% |
| 48 | Martin Marietta Matr | 573284106 | 1,050 | $485 | 0.32% |
| 49 | Enbridge Inc | ENNPF | 12,796 | $475 | 0.32% |
| 50 | Grab Holdings Ltd. | GRABW | 130,838 | $449 | 0.30% |
| 51 | Obsidian Energy Ltd. | OBE | 68,392 | $399 | 0.27% |
| 52 | Enterprise Products Partners L.P. | 293792107 | 15,125 | $399 | 0.27% |
| 53 | Dominion Resources, Inc | D | 7,300 | $378 | 0.25% |
| 54 | Coca-Cola Company | KO | 5,625 | $341 | 0.23% |
| 55 | Honeywell International Inc. | 438516106 | 1,611 | $334 | 0.22% |
| 56 | Enovix Corporation | ENVX | 18,400 | $332 | 0.22% |
| 57 | Snowflake Inc. | SNOW | 1,805 | $318 | 0.21% |
| 58 | Microsoft Corporation | MSFT | 850 | $289 | 0.19% |
| 59 | Eli Lilly & Company | LLY | 485 | $227 | 0.15% |
| 60 | Home Depot | HD | 700 | $217 | 0.15% |
| 61 | Penn NTNL Gaming | PENN | 8,981 | $216 | 0.14% |
| 62 | MDU Resources Group, Inc. | 552690109 | 10,000 | $212 | 0.14% |
| 63 | Cambria Tail Risk ETF | 132061862 | 15,300 | $210 | 0.14% |
| 64 | ESAB Corp | ESAB | 3,000 | $200 | 0.13% |
| 65 | Vaneck Vectors Green Bond ETF | 92189F171 | 8,250 | $192 | 0.13% |
| 66 | Raytheon Technologies Co | RTX | 1,950 | $191 | 0.13% |
| 67 | Brookfield Renewable C F Class A | BEPC | 5,996 | $189 | 0.13% |
| 68 | American Vanguard Corporation | AVD | 10,300 | $184 | 0.12% |
| 69 | Ingredion Inc | INGR | 1,700 | $181 | 0.12% |
| 70 | Crane Company | CR | 2,000 | $178 | 0.12% |
| 71 | General Mills Inc | 370334104 | 2,177 | $167 | 0.11% |
| 72 | Saba Capital Income & Opportunities Fund | 78518H202 | 20,225 | $156 | 0.10% |
| 73 | Devon Energy Corp | 25179M103 | 3,025 | $146 | 0.10% |
| 74 | Kimberly-Clark Corp | KMB | 1,005 | $140 | 0.09% |
| 75 | Intuitive Surgical | ISRG | 375 | $128 | 0.09% |
| 76 | Philip Morris International Inc. | 718172109 | 1,190 | $118 | 0.08% |
| 77 | Merck & Co. Inc. | MRK | 1,000 | $116 | 0.08% |
| 78 | Tidewater Inc. | TDGMW | 2,000 | $111 | 0.07% |
| 79 | Oaktree Specialty Lending Corporation | OCSL | 5,300 | $103 | 0.07% |
| 80 | Hubspot Inc | HUBS | 170 | $90 | 0.06% |
| 81 | Bank of America | 060505104 | 3,100 | $89 | 0.06% |
| 82 | Costco Wholesale Co | 22160K105 | 160 | $86 | 0.06% |
| 83 | Mercadolibre Inc | MELI | 70 | $83 | 0.06% |
| 84 | Union Pacific Corp. | UNP | 400 | $82 | 0.05% |
| 85 | Commercial Metals Co | CMC | 1,500 | $79 | 0.05% |
| 86 | Blackstone Group Inc | BX | 800 | $74 | 0.05% |
| 87 | American Express Co. | AXP | 400 | $70 | 0.05% |
| 88 | Walgreens Boots Alliance, Inc. | 931427108 | 2,185 | $62 | 0.04% |
| 89 | CloudFlare, Inc. | NET | 950 | $62 | 0.04% |
| 90 | Weyerhaeuser Co REIT | WY | 1,500 | $50 | 0.03% |
| 91 | The Williams Companies, Inc. | 969457100 | 1,500 | $49 | 0.03% |
| 92 | Brookfield Corp F Class A | 11271J107 | 1,387 | $47 | 0.03% |
| 93 | Crane NXT, Co. | CXT | 750 | $42 | 0.03% |
| 94 | Franco-Nevada Corp | FNV | 275 | $39 | 0.03% |
| 95 | Johnson & Johnson | JNJ | 200 | $33 | 0.02% |
| 96 | Guardant Health, Inc. | GH | 900 | $32 | 0.02% |
| 97 | Alphabet Inc. Class A | GOOG | 200 | $24 | 0.02% |
| 98 | Portland General Electric Co. | 736508847 | 500 | $24 | 0.02% |
| 99 | NextEra Energy, Inc. | NEE-PW | 325 | $24 | 0.02% |
| 100 | Alphabet Inc. Class C | GOOG | 200 | $24 | 0.02% |
| 101 | Saba Closed End Funds ETF | 30151E806 | 1,075 | $20 | 0.01% |
| 102 | Consolidated Edison | ED | 200 | $18 | 0.01% |
| 103 | Thermo Fisher Scientific | TMO | 33 | $17 | 0.01% |
| 104 | Markel Group Inc. | MKL | 10 | $14 | 0.01% |
| 105 | Bristol-Myers Squibb | CELG-RI | 200 | $13 | 0.01% |
| 106 | Brookfield Asset Management Ltd. | 113004105 | 346 | $11 | 0.01% |
| 107 | PhenixFIN Corporation | PFXNZ | 245 | $9 | 0.01% |
| 108 | Arch Capital Group Ltd | G0450A105 | 100 | $7 | 0.00% |