Adalta Capital Management LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| JPMORGAN CHASE & CO | JPM | $15.4M | 47,083 | +0.07pp | 31q | -1.1%-$172.5K | |
| MICROSOFT CORP | MSFT | $14.3M | 38,424 | -0.70pp | 31q | -2.7%-$391.7K | |
| ALPHABET INC | GOOGL | $13.0M | 36,279 | +0.41pp | 31q | -5.6%-$764.8K | |
| MERCK & CO INC | MRK | $11.2M | 86,966 | -0.19pp | 31q | -1.8%-$210.2K | |
| BROOKFIELD CORP | BN | $10.8M | 253,946 | -0.38pp | 15q | -4.2%-$474.3K | |
| BLACKSTONE INC | BX | $9.9M | 84,271 | -0.42pp | 28q | -2.8%-$288.3K | |
| HOME DEPOT INC | HD | $9.8M | 27,828 | -0.29pp | 31q | -4.7%-$486.3K | |
| QUALCOMM INC | QCOM | $9.7M | 52,272 | +0.95pp | 31q | -2.2%-$219.0K | |
| UNION PAC CORP | UNP | $9.2M | 33,685 | +0.11pp | 31q | HELD | |
| GUARDANT HEALTH INC | GH | $9.0M | 60,310 | +1.26pp | 29q | -1.9%-$174.5K | |
| PHENIXFIN CORP | PFX | $7.5M | 176,569 | +0.02pp | 21q | +0.6%+$42.6K | |
| AMERICAN EXPRESS CO | AXP | $7.2M | 21,311 | -0.09pp | 31q | -5.3%-$403.2K | |
| MARKEL GROUP INC | MKL | $5.3M | 2,732 | -0.20pp | 31q | -1.5%-$84.0K | |
| ARCH CAP GROUP LTD | ACGL | $5.1M | 52,943 | -0.22pp | 31q | -1.8%-$94.9K | |
| MERCADOLIBRE INC | MELI | $5.0M | 2,950 | flat | 13q | +10.9%+$490.5K | |
| ALPHABET INC | GOOG | $4.2M | 11,949 | +0.15pp | 31q | -3.9%-$169.6K | |
| JOHNSON & JOHNSON | JNJ | $4.2M | 16,410 | -0.17pp | 31q | -4.0%-$174.2K | |
| MICRON TECHNOLOGY INC | MU | $4.1M | 3,573 | +1.22pp | 4q | -1.7%-$71.6K | |
| WEYERHAEUSER CO | WY | $4.1M | 170,530 | -0.25pp | 31q | -2.3%-$97.0K | |
| CISCO SYS INC | CSCO | $3.6M | 31,024 | +0.45pp | 31q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $3.6M | 7,203 | -0.07pp | 22q | HELD | |
| SOUTHERN CO | SO | $3.1M | 32,813 | -0.14pp | 19q | HELD | |
| FRANCO NEV CORP | FNV | $2.9M | 13,852 | -0.38pp | 16q | -0.7%-$19.6K | |
| DUKE ENERGY CORP NEW | DUK | $2.8M | 22,131 | -0.18pp | 22q | -1.5%-$43.5K | |
| NU HLDGS LTD | NU | $2.2M | 167,075 | -0.23pp | 11q | -5.0%-$117.6K | |
| BWX TECHNOLOGIES INC | BWXT | $2.1M | 10,558 | -0.14pp | 12q | -0.6%-$12.7K | |
| SLB LIMITED | SLB | $2.0M | 42,464 | -0.21pp | 31q | -3.3%-$66.9K | |
| DANAHER CORP DEL | DHR | $1.8M | 9,662 | flat | 9q | +9.0%+$152.3K | |
| APPLE INC | AAPL | $1.8M | 6,095 | -0.14pp | 31q | -18.7%-$406.6K | |
| BOEING CO | BA | $1.6M | 7,550 | -0.03pp | 31q | -3.8%-$64.9K | |
| CANADIAN NATL RY CO | CNI | $1.6M | 13,700 | +0.04pp | 31q | HELD | |
| SABA CAPITAL INCOME & OPRNT | BRW | $1.6M | 248,039 | -0.06pp | 13q | +3.1%+$48.4K | |
| CHEVRON CORPORATION | CVX | $1.4M | 8,709 | -0.25pp | 31q | -2.9%-$43.1K | |
| COUPANG INC | CPNG | $1.4M | 82,896 | -0.16pp | 22q | -5.6%-$85.2K | |
| BROOKFIELD ASSET MANAGMT LTD | BAM | $1.3M | 29,990 | -0.08pp | 15q | -4.7%-$66.4K | |
| APPLIED MATLS INC | AMAT | $1.3M | 1,800 | +0.38pp | 10q | +57.2%+$473.6K | |
| WISDOMTREE TR | USFR | $1.1M | 21,395 | +0.24pp | 4q | +125.3%+$599.2K | |
| EXXON MOBIL CORP | XOMXXXX | $1.1M | 7,855 | -0.19pp | 31q | -3.3%-$36.4K | |
| BLACKSTONE MORTGAGE TRUST IN | BXMT | $1.1M | 61,532 | -0.11pp | 31q | HELD | |
| TEXAS PACIFIC LAND CORPORATI | TPL | $1.0M | 2,385 | +0.01pp | 3q | +19.5%+$170.7K | |
| BRITISH AMERN TOB PLC | BTI | $1.0M | 16,860 | -0.03pp | 6q | -1.5%-$16.1K | |
| LANDBRIDGE COMPANY LLC | LB | $1.0M | 12,735 | +0.07pp | 2q | +12.8%+$114.9K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $952.9K | 16,538 | -0.12pp | 31q | -11.0%-$117.2K | |
| ELI LILLY & CO | LLY | $915.2K | 763 | -0.04pp | 13q | -24.4%-$295.1K | |
| WATERBRIDGE INFRASTRUCTURE L | WBI | $852.5K | 24,875 | +0.06pp | 2q | +1.0%+$8.6K | |
| EQT CORP | EQT | $845.1K | 15,895 | -0.17pp | 8q | -10.0%-$94.4K | |
| PHILIP MORRIS INTL INC | PM | $828.0K | 4,540 | +0.03pp | 21q | +7.1%+$54.7K | |
| CONSOLIDATED EDISON INC | ED | $826.1K | 7,467 | -0.06pp | 31q | -5.1%-$44.3K | |
| DOMINION ENERGY INC | D | $808.2K | 11,835 | +0.01pp | 19q | HELD | |
| COLGATE PALMOLIVE CO | CL | $807.7K | 8,810 | flat | 31q | HELD | |
| INTEL CORP | INTC | $768.0K | 5,500 | +0.25pp | 2q | +37.5%+$209.4K | |
| HERSHEY CO | HSY | $712.3K | 4,060 | -0.10pp | 9q | -1.6%-$11.6K | |
| ENBRIDGE INC | ENB | $693.7K | 12,796 | -0.03pp | 19q | HELD | |
| EXCHANGE LISTED FDS TR | CEFS | $670.1K | 26,135 | +0.01pp | 29q | HELD | |
| KIMBERLY-CLARK CORP | KMB | $666.9K | 6,005 | +0.01pp | 22q | HELD | |
| AMRIZE LTD | AMRZ | $659.5K | 12,380 | -0.05pp | 3q | -1.6%-$10.7K | |
| BROOKFIELD RENEWABLE ENERGY | BEP | $646.0K | 18,601 | -0.07pp | 31q | -17.1%-$133.7K | |
| OPTION CARE HEALTH INC | OPCH | $603.5K | 28,780 | -0.13pp | 3q | -5.3%-$34.1K | |
| EDISON INTL | EIX | $595.6K | 8,000 | -0.02pp | 19q | HELD | |
| PG&E CORP | PCG | $588.0K | 34,857 | -0.05pp | 14q | -4.5%-$27.5K | |
| MARTIN MARIETTA MATLS INC | MLM | $585.4K | 1,015 | -0.03pp | 31q | HELD | |
| BLACKROCK HEALTH SCIENCES TE | BMEZ | $569.2K | 37,080 | - | new | NEW | |
| BERKLEY W R CORP | WRB | $558.0K | 7,845 | -0.04pp | 7q | -13.0%-$83.6K | |
| PROCTER & GAMBLE CO | PG | $552.8K | 3,770 | -0.02pp | 31q | HELD | |
| ENTERPRISE PRODS PARTNERS L | EPD | $539.5K | 14,675 | -0.03pp | 18q | HELD | |
| DEERE & CO | DE | $532.3K | 837 | -0.01pp | 12q | -9.0%-$52.8K | |
| COCA COLA CO | KO | $460.1K | 5,625 | flat | 19q | HELD | |
| HONEYWELL INTL INC | HON | $423.2K | 1,890 | - | new | NEW | |
| HONEYWELL AEROSPACE INC | HONA | $417.8K | 1,890 | - | new | NEW | |
| INVESCO ACTIVELY MANAGED EXC | RSPA | $378.8K | 7,100 | -0.03pp | 2q | -11.2%-$48.0K | |
| BLACKROCK ETF TRUST II | BINC | $366.4K | 7,000 | -0.02pp | 2q | -4.1%-$15.7K | |
| SERVICENOW INC | NOW | $360.4K | 3,630 | - | new | NEW | |
| COHEN & STEERS INFRASTRUCTUR | UTF | $338.3K | 12,260 | +0.01pp | 3q | +12.5%+$37.5K | |
| SNOWFLAKE INC | SNOW | $329.6K | 1,295 | +0.05pp | 18q | HELD | |
| GENERAC HLDGS INC | GNRC | $316.2K | 1,080 | +0.04pp | 2q | HELD | |
| EVERPURE INC | P | $298.2K | 3,785 | +0.01pp | 2q | -7.9%-$25.6K | |
| COMMERCIAL METALS CO | CMC | $286.5K | 4,565 | -0.01pp | 16q | HELD | |
| INVESCO ACTIVELY MANAGED EXC | EFAA | $281.6K | 5,050 | -0.03pp | 2q | -15.8%-$53.0K | |
| DOUBLELINE YIELD OPPORTUNITI | DLY | $277.0K | 19,684 | -0.01pp | 3q | HELD | |
| VERISIGN INC | VRSN | $271.7K | 1,080 | - | new | NEW | |
| WILLIAMS COS INC | WMB | $268.7K | 3,615 | -0.01pp | 18q | HELD | |
| CURTISS WRIGHT CORP | CW | $266.8K | 352 | flat | 2q | HELD | |
| RTX CORPORATION | RTX | $246.6K | 1,300 | -0.01pp | 22q | HELD | |
| AMAZON COM INC | AMZN | $239.5K | 1,005 | +0.02pp | 7q | +18.2%+$36.9K | |
| SPDR SERIES TRUST | WIP | $236.3K | 6,000 | -0.01pp | 2q | HELD | |
| GRAB HOLDINGS LIMITED | GRAB | $233.3K | 61,880 | -0.01pp | 18q | -6.1%-$15.1K | |
| ABBVIE INC | ABBV | $225.7K | 897 | +0.01pp | 6q | HELD | |
| NVIDIA CORPORATION | NVDA | $222.3K | 1,111 | - | new | NEW | |
| VANGUARD WHITEHALL FDS | VWOB | $205.1K | 3,050 | -0.01pp | 4q | HELD | |
| CHUBB LIMITED | CB | $205.1K | 600 | - | new | NEW | |
| VANECK ETF TRUST | GRNB | $199.1K | 8,250 | -0.01pp | 29q | HELD | |
| MUELLER WTR PRODS INC | MWA | $180.8K | 7,000 | -0.02pp | 2q | -3.1%-$5.8K | |
| BLACKROCK SCIENCE & TECHNOLO | BSTZ | $180.2K | 6,000 | - | new | NEW | |
| CORNING INC | GLW | $178.8K | 700 | - | new | NEW | |
| VIPER ENERGY INC | VNOM | $177.2K | 4,180 | -0.05pp | 2q | -26.4%-$63.6K | |
| ATAIBECKLEY INC | ATAI | $167.1K | 31,711 | +0.05pp | 2q | +189.0%+$109.3K | |
| BROOKFIELD RENEWABLE CORP | BEPC | $165.1K | 4,447 | -0.04pp | 7q | -22.1%-$46.8K | |
| INVESCO EXCH TRADED FD TR II | PGX | $158.2K | 14,596 | -0.01pp | 3q | HELD | |
| NEUBERGER ENGY INFRSTR & INC | NML | $152.1K | 15,000 | - | new | NEW | |
| INTUITIVE SURGICAL INC | ISRG | $149.1K | 375 | -0.02pp | 17q | HELD | |
| COSTCO WHOLESALE CORPORATION | COST | $121.6K | 130 | -0.01pp | 22q | -3.7%-$4.7K | |
| OBSIDIAN ENERGY LTD | OBE | $81.3K | 10,000 | - | new | NEW | |
| OPENDOOR TECHNOLOGIES INC | OPEN | $60.1K | 13,000 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $32.5M | 14.3% |
| Banks & Lending | $24.9M | 10.9% |
| Biotech & Pharma | $17.7M | 7.8% |
| Semiconductors & Electronics | $16.4M | 7.2% |
| Real Estate | $16.0M | 7.0% |
| Insurance | $14.8M | 6.5% |
| Retail & Consumer | $11.6M | 5.1% |
| Transport & Logistics | $11.5M | 5.0% |
| Capital Markets | $11.3M | 4.9% |
| Funds & ETFs | $10.7M | 4.7% |
| Healthcare Services | $9.7M | 4.2% |
| Utilities | $9.6M | 4.2% |
| Other sectors | $35.8M | 15.7% |
| Not classified | $5.5M | 2.4% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $227.8M | 103 | 12 | 14 | 48 | 6 | 49.3% | 45 |
| Q1 2026 | $209.1M | 97 | 13 | 23 | 26 | 4 | 49.1% | 48 |
| Q4 2025 | $224.0M | 88 | 11 | 15 | 23 | 25 | 54.5% | 48 |
| Q3 2025 | $220.3M | 102 | 11 | 20 | 16 | 6 | 55.0% | 48 |
| Q2 2025 | $199.3M | 97 | 4 | 13 | 32 | 8 | 56.2% | 43 |
| Q1 2025 | $187.8M | 101 | 8 | 22 | 24 | 6 | 54.9% | 46 |
| Q4 2024 | $191.5M | 99 | 7 | 13 | 28 | 3 | 57.7% | 49 |
| Q3 2024 | $193.9M | 95 | 2 | 22 | 12 | 8 | 57.1% | 46 |
| Q2 2024 | $183.9M | 101 | 7 | 19 | 11 | 7 | 58.4% | 46 |
| Q1 2024 | $181.1M | 101 | 7 | 37 | 21 | 3 | 58.4% | 46 |
| Q4 2023 | $165.4M | 97 | 11 | 20 | 27 | 2 | 57.7% | 45 |
| Q3 2023 | $146.7K | 88 | 6 | 18 | 14 | 4 | 55.2% | 46 |
| Q2 2023 | $149.6K | 86 | 9 | 17 | 19 | 4 | 55.6% | 55 |
| Q1 2023 | $143.0K | 81 | 2 | 15 | 25 | 9 | 54.7% | 46 |
| Q4 2022 | $141.8K | 88 | 8 | 12 | 26 | 10 | 53.6% | 52 |
| Q3 2022 | $139.2M | 90 | 3 | 13 | 25 | 12 | 53.9% | 46 |
| Q2 2022 | $154.0M | 99 | 8 | 14 | 32 | 7 | 52.7% | 49 |
| Q1 2022 | $200.5M | 98 | 17 | 16 | 29 | 7 | 52.3% | 76 |
| Q4 2021 | $216.9M | 88 | 9 | 28 | 14 | 15 | 56.6% | 46 |
| Q3 2021 | $180.7M | 94 | 4 | 10 | 24 | 6 | 54.3% | 47 |
| Q2 2021 | $183.6M | 96 | 6 | 24 | 14 | 7 | 53.4% | 48 |
| Q1 2021 | $173.3M | 97 | 23 | 23 | 18 | 4 | 53.8% | 48 |
| Q4 2020 | $158.5M | 78 | 14 | 12 | 24 | 6 | 54.7% | 48 |
| Q3 2020 | $137.1M | 70 | 11 | 7 | 19 | 6 | 54.6% | 48 |
| Q2 2020 | $125.5M | 65 | 9 | 4 | 27 | 8 | 54.5% | 45 |
| Q1 2020 | $110.1M | 64 | 6 | 6 | 40 | 18 | 51.3% | 48 |
| Q4 2019 | $159.0M | 76 | 4 | 10 | 31 | 9 | 48.3% | 45 |
| Q3 2019 | $151.0M | 81 | 12 | 11 | 18 | 15 | 46.0% | 46 |
| Q2 2019 | $152.2M | 84 | 19 | 18 | 18 | 8 | 45.1% | 45 |
| Q1 2019 | $132.2M | 73 | 8 | 20 | 9 | 5 | 43.5% | 46 |
| Q4 2018 | $107.1M | 70 | 0 | 0 | 0 | 0 | 46.3% | 46 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.