13F HOLDINGS REPORT
Adalta Capital Management LLC
Quarter ended Q1 2024 · Filed May 16, 2024 · Accession 0001698926-24-000003
Total Value
$181.1M
Positions
127
Other Managers
0
Confidential Omitted
No
Holdings (126)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Microsoft Corporation | MSFT | 52,898 | $22.3M | 12.29% |
| 2 | Blackstone Group Inc | BX | 90,386 | $11.9M | 6.56% |
| 3 | Merck & Co. Inc. | MRK | 89,260 | $11.8M | 6.54% |
| 4 | Home Depot | HD | 28,263 | $10.8M | 5.99% |
| 5 | JPMorgan Chase & Co | VYLD | 48,989 | $9.8M | 5.42% |
| 6 | Qualcomm Inc. | QCOM | 56,615 | $9.6M | 5.29% |
| 7 | Union Pacific Corp. | UNP | 33,605 | $8.3M | 4.57% |
| 8 | Brookfield Corp F Class A | 11271J107 | 169,126 | $7.1M | 3.91% |
| 9 | Alphabet Inc. Class A | GOOG | 43,685 | $6.6M | 3.64% |
| 10 | Weyerhaeuser Co REIT | WY | 180,967 | $6.5M | 3.59% |
| 11 | PhenixFIN Corporation | PFXNZ | 142,064 | $6.2M | 3.45% |
| 12 | American Express Co. | AXP | 25,215 | $5.7M | 3.17% |
| 13 | Arch Capital Group Ltd | G0450A105 | 52,698 | $4.9M | 2.69% |
| 14 | Johnson & Johnson | JNJ | 18,071 | $2.9M | 1.58% |
| 15 | Markel Group Inc. | MKL | 1,744 | $2.7M | 1.47% |
| 16 | Berkshire Hathaway Class B | BRK-A | 6,193 | $2.6M | 1.44% |
| 17 | SLB | SLB | 38,794 | $2.1M | 1.18% |
| 18 | Canadian National Railway Co. | 136375102 | 15,950 | $2.1M | 1.16% |
| 19 | Mercadolibre Inc | MELI | 1,339 | $2.0M | 1.12% |
| 20 | Southern Company | SOMN | 27,896 | $2.0M | 1.11% |
| 21 | Boeing | BA-PA | 9,949 | $1.9M | 1.06% |
| 22 | Brookfield Asset Management Ltd. | 113004105 | 43,148 | $1.8M | 1.00% |
| 23 | Portland General Electric Co. | 736508847 | 40,930 | $1.7M | 0.96% |
| 24 | Cisco Systems, Inc. | CSCO | 31,174 | $1.6M | 0.86% |
| 25 | Duke Energy Corp | DUKB | 15,968 | $1.5M | 0.85% |
| 26 | Guardant Health, Inc. | GH | 70,323 | $1.5M | 0.80% |
| 27 | Chevron Corp. | CVX | 9,093 | $1.4M | 0.79% |
| 28 | Blackstone Mortgage Trust | BX | 69,187 | $1.4M | 0.78% |
| 29 | Coupang, Inc. | CPNG | 77,861 | $1.4M | 0.76% |
| 30 | Franco-Nevada Corp | FNV | 11,115 | $1.3M | 0.73% |
| 31 | Alphabet Inc. Class C | GOOG | 7,255 | $1.1M | 0.61% |
| 32 | Baxter International | 071813109 | 23,953 | $1.0M | 0.57% |
| 33 | Bristol-Myers Squibb | CELG-RI | 18,677 | $1.0M | 0.56% |
| 34 | Apple Inc. | AAPL | 5,790 | $992,869 | 0.55% |
| 35 | ExxonMobil Corp | XOM | 8,221 | $955,609 | 0.53% |
| 36 | Eli Lilly & Company | LLY | 1,185 | $921,883 | 0.51% |
| 37 | Marriott Vacations | VAC | 8,295 | $893,620 | 0.49% |
| 38 | Colgate-Palmolive Co | CL | 8,960 | $806,848 | 0.45% |
| 39 | Nu Holdings Ltd. | NU | 66,225 | $790,064 | 0.44% |
| 40 | Comcast Corporation | CCZ | 18,000 | $780,300 | 0.43% |
| 41 | Deere & Co | DE | 1,886 | $777,428 | 0.43% |
| 42 | Alibaba Group ADR | BBAAY | 10,600 | $767,016 | 0.42% |
| 43 | Oaktree Specialty Lending Corporation | OCSL | 38,475 | $756,419 | 0.42% |
| 44 | Consolidated Edison | ED | 7,767 | $705,321 | 0.39% |
| 45 | Martin Marietta Matr | 573284106 | 1,050 | $644,637 | 0.36% |
| 46 | Procter & Gamble | 742718109 | 3,789 | $614,765 | 0.34% |
| 47 | PG&E Corporation | PCG-PX | 36,490 | $611,937 | 0.34% |
| 48 | Edison International | 281020107 | 8,000 | $572,080 | 0.32% |
| 49 | Brookfield Renewable LP | G16258108 | 23,900 | $555,197 | 0.31% |
| 50 | Saba Closed End Funds ETF | 30151E806 | 25,060 | $517,990 | 0.29% |
| 51 | Enbridge Inc | ENNPF | 12,796 | $462,959 | 0.26% |
| 52 | Paypal Holdings Inc | PYPL | 6,670 | $446,823 | 0.25% |
| 53 | Diageo PLC F Sponsored ADR | DGEAF | 2,925 | $439,803 | 0.24% |
| 54 | Enterprise Products Partners L.P. | 293792107 | 15,050 | $439,159 | 0.24% |
| 55 | Enovix Corporation | ENVX | 53,781 | $430,786 | 0.24% |
| 56 | OGE Energy Corp. | OGE | 12,250 | $420,175 | 0.23% |
| 57 | Obsidian Energy Ltd. | OBE | 50,192 | $412,578 | 0.23% |
| 58 | Microsoft Corporation | MSFT | 850 | $357,612 | 0.20% |
| 59 | Saba Capital Income & Opportunities Fund | 78518H202 | 48,500 | $353,565 | 0.20% |
| 60 | Coca-Cola Company | KO | 5,625 | $346,866 | 0.19% |
| 61 | Honeywell International Inc. | 438516106 | 1,611 | $330,658 | 0.18% |
| 62 | Dominion Resources, Inc | D | 6,500 | $319,735 | 0.18% |
| 63 | Viper Energy Inc Class A | VNOM | 7,405 | $284,796 | 0.16% |
| 64 | Snowflake Inc. | SNOW | 1,740 | $281,184 | 0.16% |
| 65 | Home Depot | HD | 700 | $268,520 | 0.15% |
| 66 | Grab Holdings Ltd. | GRABW | 81,680 | $256,475 | 0.14% |
| 67 | NextEra Energy, Inc. | NEE-PW | 4,000 | $255,640 | 0.14% |
| 68 | Commercial Metals Co | CMC | 4,100 | $241,695 | 0.13% |
| 69 | Regeneron Pharms Inc | REGN | 245 | $235,810 | 0.13% |
| 70 | Applied Materials | 038222105 | 1,050 | $216,542 | 0.12% |
| 71 | Civeo Corp | CVEO | 8,000 | $214,800 | 0.12% |
| 72 | Philip Morris International Inc. | 718172109 | 2,190 | $203,495 | 0.11% |
| 73 | Sportradar Group AG | SRAD | 16,925 | $197,007 | 0.11% |
| 74 | Vaneck Vectors Green Bond ETF | 92189F171 | 8,250 | $195,773 | 0.11% |
| 75 | BWX Technologies Inc | BWXT | 1,900 | $194,978 | 0.11% |
| 76 | Penn NTNL Gaming | PENN | 8,981 | $163,544 | 0.09% |
| 77 | Ryerson Holding Corporation | RYZ | 4,725 | $158,288 | 0.09% |
| 78 | General Mills Inc | 370334104 | 2,234 | $156,325 | 0.09% |
| 79 | National Western Life | 638517102 | 310 | $152,508 | 0.08% |
| 80 | Devon Energy Corp | 25179M103 | 3,025 | $151,795 | 0.08% |
| 81 | Intuitive Surgical | ISRG | 375 | $149,659 | 0.08% |
| 82 | Brookfield Renewable C F Class A | BEPC | 5,959 | $146,413 | 0.08% |
| 83 | MDU Resources Group, Inc. | 552690109 | 5,765 | $145,999 | 0.08% |
| 84 | Science Applications Inte | 808625107 | 1,100 | $143,429 | 0.08% |
| 85 | Generac Holdings Inc | GNRC | 1,080 | $136,231 | 0.08% |
| 86 | Merck & Co. Inc. | MRK | 1,000 | $132,720 | 0.07% |
| 87 | Kimberly-Clark Corp | KMB | 1,005 | $131,223 | 0.07% |
| 88 | Raytheon Technologies Co | RTX | 1,300 | $126,789 | 0.07% |
| 89 | Despegar.Com Corp | G27358103 | 10,000 | $119,600 | 0.07% |
| 90 | Cambria Tail Risk ETF | 132061862 | 9,600 | $117,326 | 0.06% |
| 91 | Costco Wholesale Co | 22160K105 | 160 | $117,221 | 0.06% |
| 92 | Arcos Dorados Holdings Inc-A | ARCO | 10,000 | $111,200 | 0.06% |
| 93 | Blackstone Group Inc | BX | 800 | $105,096 | 0.06% |
| 94 | ProShares Ultrapro Short S&P 500 ETF | 74347B110 | 15,400 | $99,484 | 0.05% |
| 95 | Bank of America | 060505104 | 2,600 | $98,592 | 0.05% |
| 96 | Union Pacific Corp. | UNP | 400 | $98,372 | 0.05% |
| 97 | Akoustis Technologies, Inc. | 00973N102 | 160,000 | $94,576 | 0.05% |
| 98 | Skywater Technology Inc | SKYT | 9,000 | $91,530 | 0.05% |
| 99 | American Express Co. | AXP | 400 | $91,076 | 0.05% |
| 100 | Horizon Kinetics Blockchain Development ETF | 53656G209 | 3,000 | $75,004 | 0.04% |
| 101 | Skyward Specialty Insurance | 830940102 | 2,000 | $74,820 | 0.04% |
| 102 | Crane Company | CR | 545 | $73,646 | 0.04% |
| 103 | ESAB Corp | ESAB | 600 | $66,378 | 0.04% |
| 104 | CloudFlare, Inc. | NET | 615 | $59,550 | 0.03% |
| 105 | The Williams Companies, Inc. | 969457100 | 1,500 | $58,455 | 0.03% |
| 106 | Brookfield Corp F Class A | 11271J107 | 1,387 | $58,074 | 0.03% |
| 107 | Weyerhaeuser Co REIT | WY | 1,500 | $53,865 | 0.03% |
| 108 | Tidewater Inc. | TDGMW | 500 | $46,000 | 0.03% |
| 109 | Markel Group Inc. | MKL | 25 | $38,037 | 0.02% |
| 110 | Franco-Nevada Corp | FNV | 275 | $32,769 | 0.02% |
| 111 | Johnson & Johnson | JNJ | 200 | $31,638 | 0.02% |
| 112 | Alphabet Inc. Class C | GOOG | 200 | $30,452 | 0.02% |
| 113 | Alphabet Inc. Class A | GOOG | 200 | $30,186 | 0.02% |
| 114 | Arch Capital Group Ltd | G0450A105 | 250 | $23,110 | 0.01% |
| 115 | Saba Closed End Funds ETF | 30151E806 | 1,075 | $22,220 | 0.01% |
| 116 | Oaktree Specialty Lending Corporation | OCSL | 1,000 | $19,660 | 0.01% |
| 117 | Thermo Fisher Scientific | TMO | 33 | $19,193 | 0.01% |
| 118 | Consolidated Edison | ED | 200 | $18,162 | 0.01% |
| 119 | Mercadolibre Inc | MELI | 10 | $15,120 | 0.01% |
| 120 | Brookfield Asset Management Ltd. | 113004105 | 346 | $14,539 | 0.01% |
| 121 | Guardant Health, Inc. | GH | 700 | $14,441 | 0.01% |
| 122 | Saba Capital Income & Opportunities Fund | 78518H202 | 1,700 | $12,393 | 0.01% |
| 123 | Bristol-Myers Squibb | CELG-RI | 200 | $10,846 | 0.01% |
| 124 | PhenixFIN Corporation | PFXNZ | 245 | $10,805 | 0.01% |
| 125 | MDU Resources Group, Inc. | 552690109 | 350 | $8,864 | 0.00% |
| 126 | Enovix Corporation | ENVX | 450 | $3,605 | 0.00% |