13F HOLDINGS REPORT
Adalta Capital Management LLC
Quarter ended Q4 2023 · Filed November 15, 2023 · Accession 0001698926-23-000004
Total Value
$146,749
Positions
112
Other Managers
0
Confidential Omitted
No
Holdings (112)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Microsoft Corporation | MSFT | 52,298 | $16,513 | 11.25% |
| 2 | Blackstone Group Inc | BX | 93,491 | $10,017 | 6.83% |
| 3 | Merck & Co. Inc. | MRK | 88,200 | $9,145 | 6.23% |
| 4 | Home Depot | HD | 27,452 | $8,295 | 5.65% |
| 5 | JPMorgan Chase & Co | VYLD | 48,349 | $7,012 | 4.78% |
| 6 | Union Pacific Corp. | UNP | 32,720 | $6,663 | 4.54% |
| 7 | Qualcomm Inc. | QCOM | 57,390 | $6,374 | 4.34% |
| 8 | Alphabet Inc. Class A | GOOG | 44,140 | $5,776 | 3.94% |
| 9 | Brookfield Corp F Class A | 11271J107 | 169,134 | $5,289 | 3.60% |
| 10 | Weyerhaeuser Co REIT | WY | 164,595 | $5,046 | 3.44% |
| 11 | PhenixFIN Corporation | PFXNZ | 131,754 | $5,004 | 3.41% |
| 12 | American Express Co. | AXP | 24,830 | $3,704 | 2.52% |
| 13 | Arch Capital Group Ltd | G0450A105 | 41,182 | $3,283 | 2.24% |
| 14 | Johnson & Johnson | JNJ | 17,371 | $2,706 | 1.84% |
| 15 | Portland General Electric Co. | 736508847 | 62,905 | $2,576 | 1.76% |
| 16 | Guardant Health, Inc. | GH | 80,320 | $2,381 | 1.62% |
| 17 | SLB | SLB | 39,744 | $2,327 | 1.59% |
| 18 | Markel Group Inc. | MKL | 1,491 | $2,195 | 1.50% |
| 19 | Boeing | BA-PA | 10,599 | $2,032 | 1.38% |
| 20 | Blackstone Mortgage Trust | BX | 79,735 | $1,784 | 1.22% |
| 21 | Southern Company | SOMN | 27,261 | $1,764 | 1.20% |
| 22 | NextEra Energy, Inc. | NEE-PW | 30,747 | $1,761 | 1.20% |
| 23 | Canadian National Railway Co. | 136375102 | 15,950 | $1,728 | 1.18% |
| 24 | Cisco Systems, Inc. | CSCO | 32,086 | $1,725 | 1.18% |
| 25 | Berkshire Hathaway Class B | BRK-A | 4,893 | $1,714 | 1.17% |
| 26 | Franco-Nevada Corp | FNV | 11,760 | $1,570 | 1.07% |
| 27 | Chevron Corp. | CVX | 9,118 | $1,537 | 1.05% |
| 28 | Coupang, Inc. | CPNG | 88,391 | $1,503 | 1.02% |
| 29 | Brookfield Asset Management Ltd. | 113004105 | 43,248 | $1,442 | 0.98% |
| 30 | Apple Inc. | AAPL | 7,565 | $1,295 | 0.88% |
| 31 | OGE Energy Corp. | OGE | 33,500 | $1,117 | 0.76% |
| 32 | Bristol-Myers Squibb | CELG-RI | 18,892 | $1,096 | 0.75% |
| 33 | Alphabet Inc. Class C | GOOG | 8,155 | $1,075 | 0.73% |
| 34 | ExxonMobil Corp | XOM | 8,221 | $967 | 0.66% |
| 35 | Baxter International | 071813109 | 24,460 | $928 | 0.63% |
| 36 | Marriott Vacations | VAC | 8,495 | $861 | 0.59% |
| 37 | Comcast Corporation | CCZ | 18,000 | $798 | 0.54% |
| 38 | Alibaba Group ADR | BBAAY | 8,985 | $779 | 0.53% |
| 39 | Duke Energy Corp | DUKB | 8,406 | $742 | 0.51% |
| 40 | Consolidated Edison | ED | 7,767 | $664 | 0.45% |
| 41 | Colgate-Palmolive Co | CL | 8,960 | $637 | 0.43% |
| 42 | PG&E Corporation | PCG-PX | 35,025 | $565 | 0.39% |
| 43 | Procter & Gamble | 742718109 | 3,805 | $555 | 0.38% |
| 44 | Brookfield Renewable LP | G16258108 | 24,012 | $523 | 0.36% |
| 45 | Obsidian Energy Ltd. | OBE | 63,392 | $521 | 0.36% |
| 46 | Edison International | 281020107 | 8,000 | $512 | 0.35% |
| 47 | Mercadolibre Inc | MELI | 391 | $496 | 0.34% |
| 48 | Enovix Corporation | ENVX | 39,492 | $496 | 0.34% |
| 49 | Saba Closed End Funds ETF | 30151E806 | 26,560 | $465 | 0.32% |
| 50 | Grab Holdings Ltd. | GRABW | 125,838 | $445 | 0.30% |
| 51 | Martin Marietta Matr | 573284106 | 1,050 | $431 | 0.29% |
| 52 | Enbridge Inc | ENNPF | 12,796 | $426 | 0.29% |
| 53 | Enterprise Products Partners L.P. | 293792107 | 15,225 | $417 | 0.28% |
| 54 | ProShares Short S&P500 | 74347B425 | 25,000 | $362 | 0.25% |
| 55 | Eli Lilly & Company | LLY | 645 | $346 | 0.24% |
| 56 | Deere & Co | DE | 870 | $329 | 0.22% |
| 57 | Coca-Cola Company | KO | 5,625 | $317 | 0.22% |
| 58 | MDU Resources Group, Inc. | 552690109 | 15,800 | $311 | 0.21% |
| 59 | Honeywell International Inc. | 438516106 | 1,611 | $298 | 0.20% |
| 60 | Dominion Resources, Inc | D | 6,500 | $290 | 0.20% |
| 61 | Snowflake Inc. | SNOW | 1,805 | $276 | 0.19% |
| 62 | Microsoft Corporation | MSFT | 850 | $268 | 0.18% |
| 63 | Saba Capital Income & Opportunities Fund | 78518H202 | 29,325 | $225 | 0.15% |
| 64 | Home Depot | HD | 700 | $212 | 0.14% |
| 65 | Penn NTNL Gaming | PENN | 8,981 | $206 | 0.14% |
| 66 | Regeneron Pharms Inc | REGN | 245 | $202 | 0.14% |
| 67 | Cambria Tail Risk ETF | 132061862 | 15,300 | $200 | 0.14% |
| 68 | Vaneck Vectors Green Bond ETF | 92189F171 | 8,250 | $187 | 0.13% |
| 69 | BWX Technologies Inc | BWXT | 2,300 | $172 | 0.12% |
| 70 | Devon Energy Corp | 25179M103 | 3,025 | $144 | 0.10% |
| 71 | Brookfield Renewable C F Class A | BEPC | 5,986 | $143 | 0.10% |
| 72 | Tidewater Inc. | TDGMW | 2,000 | $142 | 0.10% |
| 73 | General Mills Inc | 370334104 | 2,194 | $140 | 0.10% |
| 74 | Viper Energy Partners LP | VNOM | 5,000 | $139 | 0.09% |
| 75 | Oaktree Specialty Lending Corporation | OCSL | 6,825 | $137 | 0.09% |
| 76 | Skyward Specialty Insurance | 830940102 | 5,000 | $137 | 0.09% |
| 77 | Kimberly-Clark Corp | KMB | 1,005 | $123 | 0.08% |
| 78 | Philip Morris International Inc. | 718172109 | 1,190 | $112 | 0.08% |
| 79 | Intuitive Surgical | ISRG | 375 | $110 | 0.07% |
| 80 | Crane Company | CR | 1,200 | $107 | 0.07% |
| 81 | ESAB Corp | ESAB | 1,500 | $105 | 0.07% |
| 82 | Merck & Co. Inc. | MRK | 1,000 | $104 | 0.07% |
| 83 | Raytheon Technologies Co | RTX | 1,300 | $94 | 0.06% |
| 84 | Costco Wholesale Co | 22160K105 | 160 | $90 | 0.06% |
| 85 | Blackstone Group Inc | BX | 800 | $86 | 0.06% |
| 86 | Bank of America | 060505104 | 3,100 | $85 | 0.06% |
| 87 | Hubspot Inc | HUBS | 170 | $84 | 0.06% |
| 88 | Union Pacific Corp. | UNP | 400 | $81 | 0.06% |
| 89 | Commercial Metals Co | CMC | 1,500 | $74 | 0.05% |
| 90 | American Express Co. | AXP | 400 | $60 | 0.04% |
| 91 | CloudFlare, Inc. | NET | 950 | $60 | 0.04% |
| 92 | The Williams Companies, Inc. | 969457100 | 1,500 | $51 | 0.03% |
| 93 | Walgreens Boots Alliance, Inc. | 931427108 | 2,185 | $49 | 0.03% |
| 94 | Weyerhaeuser Co REIT | WY | 1,500 | $46 | 0.03% |
| 95 | Brookfield Corp F Class A | 11271J107 | 1,387 | $43 | 0.03% |
| 96 | Franco-Nevada Corp | FNV | 275 | $37 | 0.03% |
| 97 | Johnson & Johnson | JNJ | 200 | $31 | 0.02% |
| 98 | Markel Group Inc. | MKL | 20 | $29 | 0.02% |
| 99 | Guardant Health, Inc. | GH | 900 | $27 | 0.02% |
| 100 | Alphabet Inc. Class A | GOOG | 200 | $26 | 0.02% |
| 101 | Alphabet Inc. Class C | GOOG | 200 | $26 | 0.02% |
| 102 | Portland General Electric Co. | 736508847 | 500 | $20 | 0.01% |
| 103 | Saba Closed End Funds ETF | 30151E806 | 1,075 | $19 | 0.01% |
| 104 | NextEra Energy, Inc. | NEE-PW | 325 | $19 | 0.01% |
| 105 | Thermo Fisher Scientific | TMO | 33 | $17 | 0.01% |
| 106 | Consolidated Edison | ED | 200 | $17 | 0.01% |
| 107 | Arch Capital Group Ltd | G0450A105 | 175 | $14 | 0.01% |
| 108 | Bristol-Myers Squibb | CELG-RI | 200 | $12 | 0.01% |
| 109 | Brookfield Asset Management Ltd. | 113004105 | 346 | $12 | 0.01% |
| 110 | PhenixFIN Corporation | PFXNZ | 245 | $9 | 0.01% |
| 111 | MDU Resources Group, Inc. | 552690109 | 350 | $7 | 0.00% |
| 112 | Enovix Corporation | ENVX | 250 | $3 | 0.00% |