13F HOLDINGS REPORT
Adalta Capital Management LLC
Quarter ended Q3 2024 · Filed November 15, 2024 · Accession 0001698926-24-000005
Total Value
$193.9M
Positions
121
Other Managers
0
Confidential Omitted
No
Holdings (121)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Microsoft Corporation | MSFT | 52,548 | $22.6M | 11.66% |
| 2 | Blackstone Group Inc | BX | 90,606 | $13.9M | 7.16% |
| 3 | Home Depot | HD | 28,434 | $11.5M | 5.94% |
| 4 | JPMorgan Chase & Co | VYLD | 48,909 | $10.3M | 5.32% |
| 5 | Merck & Co. Inc. | MRK | 89,125 | $10.2M | 5.26% |
| 6 | Qualcomm Inc. | QCOM | 55,886 | $9.5M | 4.90% |
| 7 | Brookfield Corp F Class A | 11271J107 | 171,201 | $9.1M | 4.69% |
| 8 | Union Pacific Corp. | UNP | 33,370 | $8.2M | 4.24% |
| 9 | Alphabet Inc. Class A | GOOG | 43,655 | $7.2M | 3.73% |
| 10 | PhenixFIN Corporation | PFXNZ | 149,153 | $7.1M | 3.65% |
| 11 | American Express Co. | AXP | 25,205 | $6.8M | 3.53% |
| 12 | Weyerhaeuser Co REIT | WY | 182,817 | $6.2M | 3.19% |
| 13 | Arch Capital Group Ltd | G0450A105 | 52,748 | $5.9M | 3.04% |
| 14 | Mercadolibre Inc | MELI | 1,691 | $3.5M | 1.79% |
| 15 | Johnson & Johnson | JNJ | 18,071 | $2.9M | 1.51% |
| 16 | Berkshire Hathaway Class B | BRK-A | 6,193 | $2.9M | 1.47% |
| 17 | Markel Group Inc. | MKL | 1,789 | $2.8M | 1.45% |
| 18 | Southern Company | SOMN | 29,344 | $2.6M | 1.36% |
| 19 | Danaher Corp | 235851102 | 8,417 | $2.3M | 1.21% |
| 20 | Duke Energy Corp | DUKB | 19,831 | $2.3M | 1.18% |
| 21 | Brookfield Asset Management Ltd. | 113004105 | 43,047 | $2.0M | 1.05% |
| 22 | Coupang, Inc. | CPNG | 78,961 | $1.9M | 1.00% |
| 23 | Canadian National Railway Co. | 136375102 | 15,950 | $1.9M | 0.96% |
| 24 | Cisco Systems, Inc. | CSCO | 31,024 | $1.7M | 0.85% |
| 25 | SLB | SLB | 38,794 | $1.6M | 0.84% |
| 26 | Guardant Health, Inc. | GH | 70,263 | $1.6M | 0.83% |
| 27 | Boeing | BA-PA | 9,949 | $1.5M | 0.78% |
| 28 | Apple Inc. | AAPL | 5,740 | $1.3M | 0.69% |
| 29 | Chevron Corp. | CVX | 9,069 | $1.3M | 0.69% |
| 30 | Franco-Nevada Corp | FNV | 10,264 | $1.3M | 0.66% |
| 31 | Blackstone Mortgage Trust | BX | 63,805 | $1.2M | 0.64% |
| 32 | Alphabet Inc. Class C | GOOG | 7,235 | $1.2M | 0.62% |
| 33 | General Motors Co | 37045V100 | 26,500 | $1.2M | 0.61% |
| 34 | Nu Holdings Ltd. | NU | 83,550 | $1.1M | 0.59% |
| 35 | Bristol-Myers Squibb | CELG-RI | 18,677 | $966,348 | 0.50% |
| 36 | Deere & Co | DE | 2,301 | $963,659 | 0.50% |
| 37 | ExxonMobil Corp | XOM | 8,121 | $951,944 | 0.49% |
| 38 | Colgate-Palmolive Co | CL | 8,960 | $930,138 | 0.48% |
| 39 | Consolidated Edison | ED | 7,767 | $808,778 | 0.42% |
| 40 | Comcast Corporation | CCZ | 18,000 | $751,860 | 0.39% |
| 41 | Alibaba Group ADR | BBAAY | 7,015 | $744,432 | 0.38% |
| 42 | PG&E Corporation | PCG-PX | 36,490 | $721,772 | 0.37% |
| 43 | Oaktree Specialty Lending Corporation | OCSL | 44,105 | $719,353 | 0.37% |
| 44 | Edison International | 281020107 | 8,000 | $696,720 | 0.36% |
| 45 | Eli Lilly & Company | LLY | 785 | $695,463 | 0.36% |
| 46 | Brookfield Renewable LP | G16258108 | 23,900 | $673,502 | 0.35% |
| 47 | Procter & Gamble | 742718109 | 3,770 | $652,964 | 0.34% |
| 48 | Marriott Vacations | VAC | 8,295 | $615,821 | 0.32% |
| 49 | Martin Marietta Matr | 573284106 | 1,050 | $565,163 | 0.29% |
| 50 | Applied Materials | 038222105 | 2,790 | $563,720 | 0.29% |
| 51 | Saba Closed End Funds ETF | 30151E806 | 25,060 | $557,585 | 0.29% |
| 52 | BWX Technologies Inc | BWXT | 4,918 | $534,587 | 0.28% |
| 53 | Paypal Holdings Inc | PYPL | 6,720 | $524,362 | 0.27% |
| 54 | Enbridge Inc | ENNPF | 12,796 | $519,646 | 0.27% |
| 55 | Enovix Corporation | ENVX | 54,631 | $510,254 | 0.26% |
| 56 | Saba Capital Income & Opportunities Fund | 78518H202 | 66,075 | $501,509 | 0.26% |
| 57 | Philip Morris International Inc. | 718172109 | 3,990 | $489,773 | 0.25% |
| 58 | Diageo PLC ADR | DGEAF | 3,370 | $481,398 | 0.25% |
| 59 | Enterprise Products Partners L.P. | 293792107 | 14,925 | $434,467 | 0.22% |
| 60 | Coca-Cola Company | KO | 5,625 | $406,941 | 0.21% |
| 61 | Dominion Resources, Inc | D | 6,500 | $375,635 | 0.19% |
| 62 | Microsoft Corporation | MSFT | 850 | $365,755 | 0.19% |
| 63 | Viper Energy Inc Class A | VNOM | 7,580 | $341,934 | 0.18% |
| 64 | Honeywell International Inc. | 438516106 | 1,611 | $333,010 | 0.17% |
| 65 | Baxter International | 071813109 | 7,425 | $288,526 | 0.15% |
| 66 | Home Depot | HD | 700 | $283,640 | 0.15% |
| 67 | Obsidian Energy Ltd. | OBE | 50,192 | $278,064 | 0.14% |
| 68 | Hershey Co | HSY | 1,444 | $276,930 | 0.14% |
| 69 | Advanced Micro Devices, Inc. | AMD | 1,590 | $260,887 | 0.13% |
| 70 | Regeneron Pharms Inc | REGN | 245 | $257,554 | 0.13% |
| 71 | Commercial Metals Co | CMC | 4,565 | $250,892 | 0.13% |
| 72 | Grab Holdings Ltd. | GRABW | 63,680 | $241,984 | 0.12% |
| 73 | ESAB Corp | ESAB | 2,160 | $229,802 | 0.12% |
| 74 | Vaneck Vectors Green Bond ETF | 92189F171 | 8,250 | $202,447 | 0.10% |
| 75 | Snowflake Inc. | SNOW | 1,740 | $199,856 | 0.10% |
| 76 | Brookfield Renewable C F Class A | BEPC | 5,959 | $194,621 | 0.10% |
| 77 | Intuitive Surgical | ISRG | 375 | $184,226 | 0.10% |
| 78 | Coherent Corp | COHR | 2,000 | $177,820 | 0.09% |
| 79 | Carrier Global Corp | CARR | 2,184 | $175,790 | 0.09% |
| 80 | Generac Holdings Inc | GNRC | 1,080 | $171,590 | 0.09% |
| 81 | MDU Resources Group, Inc. | 552690109 | 6,180 | $170,197 | 0.09% |
| 82 | Penn NTNL Gaming | PENN | 8,981 | $169,382 | 0.09% |
| 83 | General Mills Inc | 370334104 | 2,253 | $166,382 | 0.09% |
| 84 | Raytheon Technologies Co | RTX | 1,300 | $157,508 | 0.08% |
| 85 | Kimberly-Clark Corp | KMB | 1,005 | $144,218 | 0.07% |
| 86 | Costco Wholesale Co | 22160K105 | 160 | $141,843 | 0.07% |
| 87 | The Williams Companies, Inc. | 969457100 | 3,100 | $141,515 | 0.07% |
| 88 | Civeo Corp | CVEO | 5,000 | $137,000 | 0.07% |
| 89 | Blackstone Group Inc | BX | 800 | $122,504 | 0.06% |
| 90 | Devon Energy Corp | 25179M103 | 3,025 | $118,338 | 0.06% |
| 91 | Merck & Co. Inc. | MRK | 1,000 | $114,330 | 0.06% |
| 92 | EQT Corporation | EQT | 3,000 | $109,920 | 0.06% |
| 93 | American Express Co. | AXP | 400 | $108,480 | 0.06% |
| 94 | Union Pacific Corp. | UNP | 400 | $98,592 | 0.05% |
| 95 | Palantir Technologies Inc. | PLTR | 2,600 | $96,720 | 0.05% |
| 96 | Horizon Kinetics Blockchain Development ETF | 53656G209 | 3,300 | $92,071 | 0.05% |
| 97 | Bank of America | 060505104 | 2,300 | $91,264 | 0.05% |
| 98 | Crane Company | CR | 545 | $86,263 | 0.04% |
| 99 | Brookfield Corp F Class A | 11271J107 | 1,387 | $73,719 | 0.04% |
| 100 | Sportradar Group AG | SRAD | 5,675 | $68,724 | 0.04% |
| 101 | Weyerhaeuser Co REIT | WY | 1,500 | $50,790 | 0.03% |
| 102 | CloudFlare, Inc. | NET | 615 | $49,747 | 0.03% |
| 103 | Markel Group Inc. | MKL | 25 | $39,215 | 0.02% |
| 104 | Franco-Nevada Corp | FNV | 275 | $34,169 | 0.02% |
| 105 | Alphabet Inc. Class C | GOOG | 200 | $33,438 | 0.02% |
| 106 | Alphabet Inc. Class A | GOOG | 200 | $33,170 | 0.02% |
| 107 | Johnson & Johnson | JNJ | 200 | $32,412 | 0.02% |
| 108 | Arch Capital Group Ltd | G0450A105 | 250 | $27,970 | 0.01% |
| 109 | Saba Closed End Funds ETF | 30151E806 | 1,075 | $23,919 | 0.01% |
| 110 | PhenixFIN Corporation | PFXNZ | 450 | $21,422 | 0.01% |
| 111 | Consolidated Edison | ED | 200 | $20,826 | 0.01% |
| 112 | Mercadolibre Inc | MELI | 10 | $20,520 | 0.01% |
| 113 | Brookfield Asset Management Ltd. | 113004105 | 346 | $16,362 | 0.01% |
| 114 | Oaktree Specialty Lending Corporation | OCSL | 1,000 | $16,310 | 0.01% |
| 115 | Guardant Health, Inc. | GH | 700 | $16,058 | 0.01% |
| 116 | Danaher Corp | 235851102 | 50 | $13,915 | 0.01% |
| 117 | Saba Capital Income & Opportunities Fund | 78518H202 | 1,700 | $12,903 | 0.01% |
| 118 | Bristol-Myers Squibb | CELG-RI | 200 | $10,348 | 0.01% |
| 119 | MDU Resources Group, Inc. | 552690109 | 350 | $9,639 | 0.00% |
| 120 | Akoustis Technologies, Inc. | 00973N102 | 90,000 | $8,055 | 0.00% |
| 121 | Enovix Corporation | ENVX | 450 | $4,203 | 0.00% |