Q1 2026 · 13F-HR
Adalta Capital Management LLCholdings as filed
Filed 2026-05-18 · accession 0001698926-26-000002
$209.1M
Reported value
97
Positions
2026-03-31
Period end
The Brief · Adalta Capital Management LLC · Q1 2026
AI · grounded in 13F
Adalta Capital Management LLC increased its position in Micron Technology, Inc. MU by 384.67%. The fund established new positions in Landbridge Co LLC Class A LB for $779,229 and WaterBridge Infrastructure LLC for $659,704. Simultaneously, the manager reduced holdings in Microsoft Corporation MSFT by 12.72% and Alphabet Inc. Class A GOOGL by 11.17%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | Microsoft Corporation | $14.6M | 6.99% | 39,474 | Common | SOLE |
| 46625H100 | JPM | JPMorgan Chase & Co | $14.0M | 6.70% | 47,610 | Common | SOLE |
| 02079K305 | GOOGL | Alphabet Inc. Class A | $11.0M | 5.28% | 38,419 | Common | SOLE |
| 58933Y105 | MRK | Merck & Co. Inc. | $10.7M | 5.13% | 88,591 | Common | SOLE |
| 11271J107 | BN | Brookfield Corp F Class A | $10.7M | 5.13% | 265,083 | Common | SOLE |
| 09260D107 | BX | Blackstone Group Inc | $10.0M | 4.77% | 86,721 | Common | SOLE |
| 437076102 | HD | Home Depot | $9.6M | 4.59% | 29,207 | Common | SOLE |
| 907818108 | UNP | Union Pacific Corp. | $8.2M | 3.91% | 33,685 | Common | SOLE |
| 747525103 | QCOM | Qualcomm Inc. | $6.9M | 3.29% | 53,457 | Common | SOLE |
| 71742W103 | PFX | PhenixFIN Corporation | $6.9M | 3.28% | 175,569 | Common | SOLE |
| 025816109 | AXP | American Express Co. | $6.8M | 3.26% | 22,503 | Common | SOLE |
| 40131M109 | GH | Guardant Health, Inc. | $5.7M | 2.72% | 61,473 | Common | SOLE |
| 570535104 | MKL | Markel Group Inc. | $5.3M | 2.54% | 2,775 | Common | SOLE |
| G0450A105 | ACGL | Arch Capital Group Ltd | $5.2M | 2.48% | 53,921 | Common | SOLE |
| 58733R102 | MELI | Mercadolibre Inc | $4.6M | 2.20% | 2,661 | Common | SOLE |
| 962166104 | WY | Weyerhaeuser Co REIT | $4.3M | 2.04% | 174,582 | Common | SOLE |
| 478160104 | JNJ | Johnson & Johnson | $4.2M | 2.00% | 17,096 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc. Class C | $3.6M | 1.71% | 12,429 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Class B | $3.5M | 1.65% | 7,203 | Common | SOLE |
| 351858105 | FNV | Franco-Nevada Corp | $3.4M | 1.65% | 13,946 | Common | SOLE |
| 842587107 | SO | Southern Company | $3.2M | 1.52% | 32,838 | Common | SOLE |
| 26441C204 | DUK | Duke Energy Corp | $2.9M | 1.41% | 22,475 | Common | SOLE |
| G6683N103 | NU | Nu Holdings Ltd. | $2.5M | 1.21% | 175,875 | Common | SOLE |
| 17275R102 | CSCO | Cisco Systems, Inc. | $2.4M | 1.15% | 31,024 | Common | SOLE |
| 806857108 | SLB | SLB | $2.3M | 1.09% | 43,894 | Common | SOLE |
| 05605H100 | BWXT | BWX Technologies Inc | $2.2M | 1.04% | 10,623 | Common | SOLE |
| 037833100 | AAPL | Apple Inc. | $1.9M | 0.91% | 7,500 | Common | SOLE |
| 166764100 | CVX | Chevron Corp. | $1.9M | 0.89% | 8,969 | Common | SOLE |
| 235851102 | DHR | Danaher Corp | $1.7M | 0.81% | 8,864 | Common | SOLE |
| 22266T109 | CPNG | Coupang, Inc. | $1.7M | 0.79% | 87,801 | Common | SOLE |
| 78518H202 | BRW | Saba Capital Income & Opportunities Fund | $1.6M | 0.78% | 240,672 | Common | SOLE |
| 097023105 | BA | Boeing | $1.6M | 0.75% | 7,850 | Common | SOLE |
| 136375102 | CNI | Canadian National Railway Co. | $1.4M | 0.67% | 13,700 | Common | SOLE |
| 113004105 | BAM | Brookfield Asset Management Ltd. | $1.4M | 0.67% | 31,471 | Common | SOLE |
| 30231G102 | XOM | ExxonMobil Corp | $1.4M | 0.66% | 8,121 | Common | SOLE |
| 595112103 | MU | Micron Technology, Inc. | $1.2M | 0.59% | 3,635 | Common | SOLE |
| 09257W100 | BXMT | Blackstone Mortgage Trust | $1.2M | 0.58% | 61,531 | Common | SOLE |
| 110122108 | BMY | Bristol-Myers Squibb | $1.1M | 0.54% | 18,572 | Common | SOLE |
| 26884L109 | EQT | EQT Corporation | $1.1M | 0.54% | 17,670 | Common | SOLE |
| 110448107 | BTI | British American Tobacco ADR | $1.0M | 0.49% | 17,120 | Common | SOLE |
| 88262P102 | TPL | Texas Pacific Land Corp | $946,747 | 0.45% | 1,995 | Common | SOLE |
| 532457108 | LLY | Eli Lilly & Company | $928,048 | 0.44% | 1,009 | Common | SOLE |
| 209115104 | ED | Consolidated Edison | $890,387 | 0.43% | 7,867 | Common | SOLE |
| 427866108 | HSY | Hershey Co | $857,754 | 0.41% | 4,126 | Common | SOLE |
| 438516106 | HON | Honeywell International Inc. | $819,585 | 0.39% | 3,626 | Common | SOLE |
| 68404L201 | OPCH | Option Care Health Inc | $818,503 | 0.39% | 30,405 | Common | SOLE |
| 514952100 | LB | Landbridge Co LLC Class A | $779,229 | 0.37% | 11,285 | Common | SOLE |
| 194162103 | CL | Colgate-Palmolive Co | $750,876 | 0.36% | 8,810 | Common | NONE |
| G16258108 | BEP | Brookfield Renewable LP | $734,211 | 0.35% | 22,451 | Common | SOLE |
| 25746U109 | D | Dominion Resources, Inc | $729,476 | 0.35% | 11,800 | Common | SOLE |
| 718172109 | PM | Philip Morris International Inc. | $707,274 | 0.34% | 4,240 | Common | SOLE |
| H2927K103 | AMRZ | Amrize Ltd | $703,109 | 0.34% | 12,580 | Common | SOLE |
| 29250N105 | ENB | Enbridge Inc | $692,775 | 0.33% | 12,796 | Common | SOLE |
| 940923105 | WBI | WaterBridge Infrastructure LLC | $659,704 | 0.32% | 24,625 | Common | SOLE |
| 69331C108 | PCG | PG&E Corporation | $642,954 | 0.31% | 36,490 | Common | SOLE |
| 084423102 | WRB | W. R. Berkley Corporation | $597,846 | 0.29% | 9,020 | Common | SOLE |
| 573284106 | MLM | Martin Marietta Matr | $597,510 | 0.29% | 1,015 | Common | SOLE |
| 30151E806 | CEFS | Saba Closed End Funds ETF | $589,344 | 0.28% | 26,135 | Common | SOLE |
| 494368103 | KMB | Kimberly-Clark Corp | $586,989 | 0.28% | 6,005 | Common | SOLE |
| 281020107 | EIX | Edison International | $585,440 | 0.28% | 8,000 | Common | SOLE |
| 293792107 | EPD | Enterprise Products Partners L.P. | $555,302 | 0.27% | 14,675 | Common | SOLE |
| 742718109 | PG | Procter & Gamble | $544,539 | 0.26% | 3,770 | Common | SOLE |
| 244199105 | DE | Deere & Co | $519,726 | 0.25% | 920 | Common | SOLE |
| 97717Y527 | USFR | WisdomTree Floating Rate Treasury Fund | $477,978 | 0.23% | 9,495 | Common | SOLE |
| 191216100 | KO | Coca-Cola Company | $430,763 | 0.21% | 5,625 | Common | SOLE |
| 46090A697 | RSPA | Invesco S&P 500 Equal Weight Income Advantage ETF | $399,960 | 0.19% | 8,000 | Common | SOLE |
| 038222105 | AMAT | Applied Materials | $391,350 | 0.19% | 1,145 | Common | SOLE |
| 092528603 | BINC | iShares Flexible Income Active ETF | $379,089 | 0.18% | 7,300 | Common | SOLE |
| 46434V100 | SLQD | iShares 0-5 Year Investment Grade Corporate Bond ETF | $333,234 | 0.16% | 6,600 | Common | SOLE |
| 46090A713 | EFAA | Invesco MSCI EAFE Income Advantage ETF | $316,440 | 0.15% | 6,000 | Common | SOLE |
| 19248A109 | UTF | Cohen & Steers Infrastructure Fund | $282,092 | 0.13% | 10,900 | Common | SOLE |
| 201723103 | CMC | Commercial Metals Co | $280,428 | 0.13% | 4,565 | Common | SOLE |
| 25862D105 | DLY | DoubleLine Yield Opportunities Fund | $274,001 | 0.13% | 19,684 | Common | SOLE |
| 64361Q101 | VNOM | Viper Energy Inc New Class A | $266,903 | 0.13% | 5,680 | Common | SOLE |
| 969457100 | WMB | The Williams Companies, Inc. | $263,100 | 0.13% | 3,615 | Common | SOLE |
| 75513E101 | RTX | Raytheon Technologies Co | $250,770 | 0.12% | 1,300 | Common | SOLE |
| 74624M102 | P | Pure Storage, Inc. | $242,654 | 0.12% | 4,110 | Common | SOLE |
| G4124C109 | GRAB | Grab Holdings Ltd. | $241,121 | 0.12% | 65,880 | Common | SOLE |
| 231561101 | CW | Curtiss Wright Corp | $239,839 | 0.11% | 352 | Common | SOLE |
| 78464A490 | WIP | SPDR FTSE International Government Inflation-Protected Bond ETF | $237,600 | 0.11% | 6,000 | Common | SOLE |
| 11285B108 | BEPC | Brookfield Renewable Corp | $227,701 | 0.11% | 5,708 | Common | SOLE |
| 368736104 | GNRC | Generac Holdings Inc | $210,956 | 0.10% | 1,080 | Common | SOLE |
| 921946885 | VWOB | Vanguard Emerging Markets Government Bond ETF | $200,355 | 0.10% | 3,050 | Common | SOLE |
| 624758108 | MWA | Mueller Water Products, Inc. | $198,615 | 0.10% | 7,225 | Common | SOLE |
| 92189F171 | GRNB | VanEck Green Bond ETF | $197,662 | 0.09% | 8,250 | Common | SOLE |
| 833445109 | SNOW | Snowflake Inc. | $195,312 | 0.09% | 1,295 | Common | SOLE |
| 00287Y109 | ABBV | Abbvie Inc | $195,089 | 0.09% | 897 | Common | SOLE |
| 540424108 | L | Loews Corp | $181,458 | 0.09% | 1,700 | Common | NONE |
| 023135106 | AMZN | Amazon Com Inc | $177,030 | 0.08% | 850 | Common | SOLE |
| 458140100 | INTC | Intel Corp | $176,520 | 0.08% | 4,000 | Common | SOLE |
| 46120E602 | ISRG | Intuitive Surgical | $172,871 | 0.08% | 375 | Common | SOLE |
| 46641Q332 | JEPI | JPMorgan Equity Premium Income ETF | $170,040 | 0.08% | 3,000 | Common | SOLE |
| 46138E511 | PGX | Invesco Preferred ETF | $158,804 | 0.08% | 14,596 | Common | SOLE |
| 22160K105 | COST | Costco Wholesale Co | $134,518 | 0.06% | 135 | Common | SOLE |
| 46429B747 | STIP | iShares 0-5 Year TIPS Bond ETF | $103,430 | 0.05% | 1,000 | Common | SOLE |
| 04650F101 | ATAI | AtaiBeckley Inc | $38,844 | 0.02% | 10,973 | Common | NONE |
| 00510N102 | TIC | TIC Solutions, Inc. | $13,160 | 0.01% | 2,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.