Adalta Capital Management LLC — 13F Holdings & Portfolio
CIK 1698926 · latest 13F-HR filed 2026-05-18
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$209.1M
Long-equity book
Holdings
120
Distinct positions
Period
2026-03-31
Filed 2026-05-18
Q/Q Activity
+13 / −4 / ↑36 / ↓30
vs 2025-12-31
Firm Profile & Key People
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Merck & Co. Inc.$1.2M +12.9%
- Micron Technology, Inc.$1.0M +473.7%
- SLB$869.2K +62.1%
- Johnson & Johnson$615.1K +17.3%
- Franco-Nevada Corp$593.6K +20.8%
Top Trims
- Microsoft Corporation-$7.3M -33.2%
- Blackstone Group Inc-$3.5M -26.0%
- Qualcomm Inc.-$2.7M -28.0%
- Alphabet Inc. Class A-$2.5M -18.4%
- American Express Co.-$1.8M -20.8%
New Positions
- Landbridge Co LLC Class A$779.2K
- WaterBridge Infrastructure LLC$659.7K
- Invesco S&P 500 Equal Weight Income Advantage ETF$400.0K
- iShares Flexible Income Active ETF$379.1K
- Invesco MSCI EAFE Income Advantage ETF$316.4K
Exited Positions
- State Street SPDR Portfolio Short Term Corporate Bond ETF$439.2K
- Invesco BulletShares 2028 Corporate Bond ETF$438.6K
- iShares iBonds December 2028 Term ETF$437.3K
- Blackstone Strategic Credit 2027 Term Fund$118.6K
All Holdings
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Microsoft Corporation | MSFT | 594918104 | $14.4M | 6.89% | 38,924 | SH |
| 2 | JPMorgan Chase & Co | JPM | 46625H100 | $14.0M | 6.70% | 47,610 | SH |
| 3 | Alphabet Inc. Class A | GOOGL | 02079K305 | $11.0M | 5.26% | 38,219 | SH |
| 4 | Brookfield Corp F Class A | BN | 11271J107 | $10.6M | 5.09% | 263,003 | SH |
| 5 | Merck & Co. Inc. | MRK | 58933Y105 | $10.6M | 5.08% | 87,591 | SH |
| 6 | Blackstone Group Inc | BX | 09260D107 | $9.9M | 4.73% | 85,921 | SH |
| 7 | Home Depot | HD | 437076102 | $9.4M | 4.48% | 28,507 | SH |
| 8 | Union Pacific Corp. | UNP | 907818108 | $8.1M | 3.86% | 33,285 | SH |
| 9 | Qualcomm Inc. | QCOM | 747525103 | $6.9M | 3.29% | 53,457 | SH |
| 10 | PhenixFIN Corporation | PFX | 71742W103 | $6.8M | 3.27% | 175,119 | SH |
| 11 | American Express Co. | AXP | 025816109 | $6.7M | 3.20% | 22,103 | SH |
| 12 | Guardant Health, Inc. | GH | 40131M109 | $5.7M | 2.72% | 61,473 | SH |
| 13 | Markel Group Inc. | MKL | 570535104 | $5.3M | 2.52% | 2,750 | SH |
| 14 | Arch Capital Group Ltd | ACGL | G0450A105 | $5.2M | 2.46% | 53,671 | SH |
| 15 | Mercadolibre Inc | MELI | 58733R102 | $4.6M | 2.19% | 2,651 | SH |
| 16 | Weyerhaeuser Co REIT | WY | 962166104 | $4.2M | 2.02% | 173,082 | SH |
| 17 | Johnson & Johnson | JNJ | 478160104 | $4.1M | 1.98% | 16,896 | SH |
| 18 | Alphabet Inc. Class C | GOOG | 02079K107 | $3.5M | 1.68% | 12,229 | SH |
| 19 | Berkshire Hathaway Class B | BRK.B | 084670702 | $3.5M | 1.65% | 7,203 | SH |
| 20 | Franco-Nevada Corp | FNV | 351858105 | $3.4M | 1.62% | 13,671 | SH |
| 21 | Southern Company | SO | 842587107 | $3.2M | 1.52% | 32,838 | SH |
| 22 | Duke Energy Corp | DUK | 26441C204 | $2.9M | 1.41% | 22,475 | SH |
| 23 | Nu Holdings Ltd. | NU | G6683N103 | $2.5M | 1.20% | 174,375 | SH |
| 24 | Cisco Systems, Inc. | CSCO | 17275R102 | $2.4M | 1.15% | 31,024 | SH |
| 25 | SLB | SLB | 806857108 | $2.3M | 1.09% | 43,894 | SH |
| 26 | BWX Technologies Inc | BWXT | 05605H100 | $2.2M | 1.04% | 10,623 | SH |
| 27 | Apple Inc. | AAPL | 037833100 | $1.9M | 0.91% | 7,500 | SH |
| 28 | Chevron Corp. | CVX | 166764100 | $1.9M | 0.89% | 8,969 | SH |
| 29 | Danaher Corp | DHR | 235851102 | $1.7M | 0.80% | 8,814 | SH |
| 30 | Coupang, Inc. | CPNG | 22266T109 | $1.7M | 0.79% | 87,801 | SH |
| 31 | Saba Capital Income & Opportunities Fund | BRW | 78518H202 | $1.6M | 0.77% | 238,406 | SH |
| 32 | Boeing | BA | 097023105 | $1.6M | 0.75% | 7,850 | SH |
| 33 | Canadian National Railway Co. | CNI | 136375102 | $1.4M | 0.67% | 13,700 | SH |
| 34 | Brookfield Asset Management Ltd. | BAM | 113004105 | $1.4M | 0.66% | 31,125 | SH |
| 35 | ExxonMobil Corp | XOM | 30231G102 | $1.4M | 0.66% | 8,121 | SH |
| 36 | Micron Technology, Inc. | MU | 595112103 | $1.2M | 0.59% | 3,635 | SH |
| 37 | Blackstone Mortgage Trust | BXMT | 09257W100 | $1.2M | 0.58% | 61,531 | SH |
| 38 | EQT Corporation | EQT | 26884L109 | $1.1M | 0.54% | 17,670 | SH |
| 39 | Bristol-Myers Squibb | BMY | 110122108 | $1.1M | 0.53% | 18,372 | SH |
| 40 | British American Tobacco ADR | BTI | 110448107 | $1.0M | 0.49% | 17,120 | SH |
| 41 | Texas Pacific Land Corp | TPL | 88262P102 | $946.7K | 0.45% | 1,995 | SH |
| 42 | Eli Lilly & Company | LLY | 532457108 | $928.0K | 0.44% | 1,009 | SH |
| 43 | Consolidated Edison | ED | 209115104 | $867.8K | 0.42% | 7,667 | SH |
| 44 | Hershey Co | HSY | 427866108 | $857.8K | 0.41% | 4,126 | SH |
| 45 | Honeywell International Inc. | HON | 438516106 | $819.6K | 0.39% | 3,626 | SH |
| 46 | Option Care Health Inc | OPCH | 68404L201 | $818.5K | 0.39% | 30,405 | SH |
| 47 | Landbridge Co LLC Class A | LB | 514952100 | $779.2K | 0.37% | 11,285 | SH |
| 48 | Colgate-Palmolive Co | CL | 194162103 | $750.9K | 0.36% | 8,810 | SH |
| 49 | Brookfield Renewable LP | BEP | G16258108 | $734.2K | 0.35% | 22,451 | SH |
| 50 | Dominion Resources, Inc | D | 25746U109 | $729.5K | 0.35% | 11,800 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-18 | $209.1M | 120 | 0001698926-26-000002 |
| 2025-12-31 | 2026-02-17 | $224.0M | 111 | 0001698926-26-000001 |
| 2025-09-30 | 2025-11-17 | $220.3M | 126 | 0001698926-25-000007 |