13F HOLDINGS REPORT
Adalta Capital Management LLC
Quarter ended Q2 2024 · Filed August 15, 2024 · Accession 0001698926-24-000004
Total Value
$183.9M
Positions
127
Other Managers
0
Confidential Omitted
No
Holdings (127)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Microsoft Corporation | MSFT | 52,759 | $23.6M | 12.82% |
| 2 | Blackstone Group Inc | BX | 90,606 | $11.2M | 6.10% |
| 3 | Qualcomm Inc. | QCOM | 55,920 | $11.1M | 6.06% |
| 4 | Merck & Co. Inc. | MRK | 89,183 | $11.1M | 6.04% |
| 5 | JPMorgan Chase & Co | VYLD | 48,934 | $9.9M | 5.38% |
| 6 | Home Depot | HD | 28,219 | $9.7M | 5.28% |
| 7 | Alphabet Inc. Class A | GOOG | 43,660 | $8.0M | 4.32% |
| 8 | Union Pacific Corp. | UNP | 33,535 | $7.6M | 4.13% |
| 9 | Brookfield Corp F Class A | 11271J107 | 170,516 | $7.1M | 3.85% |
| 10 | PhenixFIN Corporation | PFXNZ | 149,454 | $7.0M | 3.80% |
| 11 | American Express Co. | AXP | 25,205 | $5.8M | 3.17% |
| 12 | Arch Capital Group Ltd | G0450A105 | 52,748 | $5.3M | 2.89% |
| 13 | Weyerhaeuser Co REIT | WY | 180,977 | $5.1M | 2.79% |
| 14 | Markel Group Inc. | MKL | 1,768 | $2.8M | 1.51% |
| 15 | Johnson & Johnson | JNJ | 18,071 | $2.6M | 1.44% |
| 16 | Mercadolibre Inc | MELI | 1,599 | $2.6M | 1.43% |
| 17 | Berkshire Hathaway Class B | BRK-A | 6,193 | $2.5M | 1.37% |
| 18 | Southern Company | SOMN | 27,919 | $2.2M | 1.18% |
| 19 | Guardant Health, Inc. | GH | 70,323 | $2.0M | 1.10% |
| 20 | Canadian National Railway Co. | 136375102 | 15,950 | $1.9M | 1.03% |
| 21 | SLB | SLB | 38,794 | $1.8M | 1.00% |
| 22 | Boeing | BA-PA | 9,949 | $1.8M | 0.98% |
| 23 | Brookfield Asset Management Ltd. | 113004105 | 43,148 | $1.6M | 0.89% |
| 24 | Duke Energy Corp | DUKB | 16,355 | $1.6M | 0.89% |
| 25 | Coupang, Inc. | CPNG | 77,961 | $1.6M | 0.89% |
| 26 | Cisco Systems, Inc. | CSCO | 31,024 | $1.5M | 0.80% |
| 27 | Chevron Corp. | CVX | 9,093 | $1.4M | 0.77% |
| 28 | Danaher Corp | 235851102 | 5,510 | $1.4M | 0.75% |
| 29 | Alphabet Inc. Class C | GOOG | 7,235 | $1.3M | 0.72% |
| 30 | Eli Lilly & Company | LLY | 1,385 | $1.3M | 0.68% |
| 31 | Blackstone Mortgage Trust | BX | 69,188 | $1.2M | 0.68% |
| 32 | Apple Inc. | AAPL | 5,790 | $1.2M | 0.66% |
| 33 | Franco-Nevada Corp | FNV | 9,465 | $1.1M | 0.61% |
| 34 | Portland General Electric Co. | 736508847 | 24,530 | $1.1M | 0.58% |
| 35 | Nu Holdings Ltd. | NU | 74,825 | $964,494 | 0.52% |
| 36 | ExxonMobil Corp | XOM | 8,121 | $934,890 | 0.51% |
| 37 | Colgate-Palmolive Co | CL | 8,960 | $869,478 | 0.47% |
| 38 | Enovix Corporation | ENVX | 53,781 | $831,454 | 0.45% |
| 39 | Baxter International | 071813109 | 23,778 | $802,270 | 0.44% |
| 40 | Bristol-Myers Squibb | CELG-RI | 18,677 | $775,656 | 0.42% |
| 41 | Oaktree Specialty Lending Corporation | OCSL | 39,265 | $738,575 | 0.40% |
| 42 | Marriott Vacations | VAC | 8,295 | $724,319 | 0.39% |
| 43 | Deere & Co | DE | 1,896 | $711,190 | 0.39% |
| 44 | Comcast Corporation | CCZ | 18,000 | $704,880 | 0.38% |
| 45 | Consolidated Edison | ED | 7,767 | $694,525 | 0.38% |
| 46 | Applied Materials | 038222105 | 2,790 | $658,412 | 0.36% |
| 47 | PG&E Corporation | PCG-PX | 36,490 | $637,480 | 0.35% |
| 48 | Procter & Gamble | 742718109 | 3,770 | $621,748 | 0.34% |
| 49 | Alibaba Group ADR | BBAAY | 8,100 | $596,646 | 0.32% |
| 50 | Brookfield Renewable LP | G16258108 | 23,900 | $592,003 | 0.32% |
| 51 | Edison International | 281020107 | 8,000 | $574,480 | 0.31% |
| 52 | Martin Marietta Matr | 573284106 | 1,050 | $568,890 | 0.31% |
| 53 | Saba Closed End Funds ETF | 30151E806 | 25,060 | $533,527 | 0.29% |
| 54 | Enbridge Inc | ENNPF | 12,796 | $455,410 | 0.25% |
| 55 | Enterprise Products Partners L.P. | 293792107 | 15,050 | $436,149 | 0.24% |
| 56 | Paypal Holdings Inc | PYPL | 6,720 | $389,962 | 0.21% |
| 57 | Microsoft Corporation | MSFT | 850 | $379,908 | 0.21% |
| 58 | Obsidian Energy Ltd. | OBE | 50,192 | $375,436 | 0.20% |
| 59 | Saba Capital Income & Opportunities Fund | 78518H202 | 53,090 | $373,754 | 0.20% |
| 60 | Diageo PLC ADR | DGEAF | 2,875 | $362,480 | 0.20% |
| 61 | Coca-Cola Company | KO | 5,625 | $360,759 | 0.20% |
| 62 | Honeywell International Inc. | 438516106 | 1,611 | $344,013 | 0.19% |
| 63 | Dominion Resources, Inc | D | 6,500 | $318,500 | 0.17% |
| 64 | NextEra Energy, Inc. | NEE-PW | 4,000 | $283,240 | 0.15% |
| 65 | Viper Energy Inc Class A | VNOM | 7,405 | $277,910 | 0.15% |
| 66 | Grab Holdings Ltd. | GRABW | 73,680 | $261,564 | 0.14% |
| 67 | Advanced Micro Devices, Inc. | AMD | 1,590 | $257,914 | 0.14% |
| 68 | Regeneron Pharms Inc | REGN | 245 | $257,502 | 0.14% |
| 69 | Commercial Metals Co | CMC | 4,565 | $251,029 | 0.14% |
| 70 | BWX Technologies Inc | BWXT | 2,565 | $243,675 | 0.13% |
| 71 | Home Depot | HD | 700 | $240,968 | 0.13% |
| 72 | Atkore Inc | ATKR | 1,769 | $238,691 | 0.13% |
| 73 | Snowflake Inc. | SNOW | 1,740 | $235,057 | 0.13% |
| 74 | Carrier Global Corp | CARR | 3,684 | $233,087 | 0.13% |
| 75 | Philip Morris International Inc. | 718172109 | 2,190 | $224,760 | 0.12% |
| 76 | Civeo Corp | CVEO | 8,000 | $199,360 | 0.11% |
| 77 | Vaneck Vectors Green Bond ETF | 92189F171 | 8,250 | $194,989 | 0.11% |
| 78 | Penn NTNL Gaming | PENN | 8,981 | $173,827 | 0.09% |
| 79 | Brookfield Renewable C F Class A | BEPC | 5,959 | $169,116 | 0.09% |
| 80 | Intuitive Surgical | ISRG | 375 | $166,819 | 0.09% |
| 81 | MDU Resources Group, Inc. | 552690109 | 6,180 | $155,891 | 0.08% |
| 82 | National Western Life | 638517102 | 310 | $154,051 | 0.08% |
| 83 | General Motors Co | 37045V100 | 3,175 | $147,511 | 0.08% |
| 84 | Coherent Corp | COHR | 2,000 | $144,920 | 0.08% |
| 85 | Skyward Specialty Insurance | 830940102 | 4,000 | $144,720 | 0.08% |
| 86 | Devon Energy Corp | 25179M103 | 3,025 | $143,385 | 0.08% |
| 87 | Generac Holdings Inc | GNRC | 1,080 | $142,798 | 0.08% |
| 88 | General Mills Inc | 370334104 | 2,253 | $142,523 | 0.08% |
| 89 | Kimberly-Clark Corp | KMB | 1,005 | $140,117 | 0.08% |
| 90 | Costco Wholesale Co | 22160K105 | 160 | $135,998 | 0.07% |
| 91 | Hershey Co | HSY | 720 | $132,358 | 0.07% |
| 92 | Raytheon Technologies Co | RTX | 1,300 | $130,507 | 0.07% |
| 93 | Merck & Co. Inc. | MRK | 1,000 | $124,570 | 0.07% |
| 94 | Cambria Tail Risk ETF | 132061862 | 9,600 | $113,020 | 0.06% |
| 95 | Bank of America | 060505104 | 2,600 | $103,402 | 0.06% |
| 96 | Blackstone Group Inc | BX | 800 | $99,040 | 0.05% |
| 97 | ESAB Corp | ESAB | 1,000 | $94,510 | 0.05% |
| 98 | American Express Co. | AXP | 400 | $92,620 | 0.05% |
| 99 | Union Pacific Corp. | UNP | 400 | $90,504 | 0.05% |
| 100 | Sportradar Group AG | SRAD | 7,675 | $85,807 | 0.05% |
| 101 | Horizon Kinetics Blockchain Development ETF | 53656G209 | 3,300 | $81,213 | 0.04% |
| 102 | Crane Company | CR | 545 | $79,014 | 0.04% |
| 103 | The Williams Companies, Inc. | 969457100 | 1,500 | $63,750 | 0.03% |
| 104 | Brookfield Corp F Class A | 11271J107 | 1,387 | $57,616 | 0.03% |
| 105 | CloudFlare, Inc. | NET | 615 | $50,940 | 0.03% |
| 106 | Tidewater Inc. | TDGMW | 500 | $47,605 | 0.03% |
| 107 | Weyerhaeuser Co REIT | WY | 1,500 | $42,585 | 0.02% |
| 108 | Markel Group Inc. | MKL | 25 | $39,392 | 0.02% |
| 109 | Alphabet Inc. Class C | GOOG | 200 | $36,684 | 0.02% |
| 110 | Alphabet Inc. Class A | GOOG | 200 | $36,430 | 0.02% |
| 111 | Franco-Nevada Corp | FNV | 275 | $32,593 | 0.02% |
| 112 | Johnson & Johnson | JNJ | 200 | $29,232 | 0.02% |
| 113 | Arch Capital Group Ltd | G0450A105 | 250 | $25,223 | 0.01% |
| 114 | Saba Closed End Funds ETF | 30151E806 | 1,075 | $22,887 | 0.01% |
| 115 | PhenixFIN Corporation | PFXNZ | 450 | $21,047 | 0.01% |
| 116 | Guardant Health, Inc. | GH | 700 | $20,216 | 0.01% |
| 117 | Oaktree Specialty Lending Corporation | OCSL | 1,000 | $18,810 | 0.01% |
| 118 | Thermo Fisher Scientific | TMO | 33 | $18,262 | 0.01% |
| 119 | Consolidated Edison | ED | 200 | $17,884 | 0.01% |
| 120 | Mercadolibre Inc | MELI | 10 | $16,434 | 0.01% |
| 121 | Akoustis Technologies, Inc. | 00973N102 | 100,000 | $13,170 | 0.01% |
| 122 | Brookfield Asset Management Ltd. | 113004105 | 346 | $13,165 | 0.01% |
| 123 | Danaher Corp | 235851102 | 50 | $12,506 | 0.01% |
| 124 | Saba Capital Income & Opportunities Fund | 78518H202 | 1,700 | $11,968 | 0.01% |
| 125 | MDU Resources Group, Inc. | 552690109 | 350 | $8,829 | 0.00% |
| 126 | Bristol-Myers Squibb | CELG-RI | 200 | $8,306 | 0.00% |
| 127 | Enovix Corporation | ENVX | 450 | $6,957 | 0.00% |