Adalta Capital Management LLC
CIK 0001698926
Annualised vol
12.567563%
Beta
0.579648
HHI
317.73086
Top-10 weight
48.919745%
VaR 95%
1.130573%
VaR 99%
2.15303%
Max drawdown
24.303207%
Matched value
83.532745%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| GOOGL | REDUCED | 48,228 | 50,848 | -5.15% | 17,186,966 |
| JPM | REDUCED | 47,083 | 47,610 | -1.11% | 15,411,678 |
| MSFT | REDUCED | 38,424 | 39,474 | -2.66% | 14,332,920 |
| MRK | REDUCED | 86,966 | 88,591 | -1.83% | 11,249,902 |
| BX | REDUCED | 84,271 | 86,721 | -2.83% | 9,916,169 |
| HD | REDUCED | 27,828 | 29,207 | -4.72% | 9,814,379 |
| UNP | UNCHANGED | 33,685 | 33,685 | 0.0% | 9,162,320 |
| GH | REDUCED | 60,310 | 61,473 | -1.89% | 9,048,309 |
| PFX | ADDED | 176,569 | 175,569 | 0.57% | 7,514,777 |
| AXP | REDUCED | 21,311 | 22,503 | -5.3% | 7,208,446 |
| MKL | REDUCED | 2,732 | 2,775 | -1.55% | 5,335,623 |
| ACGL | REDUCED | 52,943 | 53,921 | -1.81% | 5,138,648 |
| MELI | ADDED | 2,950 | 2,661 | 10.86% | 5,007,301 |
| JNJ | REDUCED | 16,410 | 17,096 | -4.01% | 4,167,648 |
| MU | REDUCED | 3,573 | 3,635 | -1.71% | 4,124,278 |
| CSCO | UNCHANGED | 31,024 | 31,024 | 0.0% | 3,644,079 |
| BRK-B | UNCHANGED | 7,203 | 7,203 | 0.0% | 3,604,309 |
| SO | REDUCED | 32,813 | 32,838 | -0.08% | 3,140,532 |
| FNV | REDUCED | 13,852 | 13,946 | -0.67% | 2,887,311 |
| DUK | REDUCED | 22,131 | 22,475 | -1.53% | 2,801,342 |
| NU | REDUCED | 167,075 | 175,875 | -5.0% | 2,232,122 |
| BWXT | REDUCED | 10,558 | 10,623 | -0.61% | 2,055,115 |
| SLB | REDUCED | 42,464 | 43,894 | -3.26% | 1,987,091 |
| AAPL | REDUCED | 6,095 | 7,500 | -18.73% | 1,763,649 |
| BA | REDUCED | 7,550 | 7,850 | -3.82% | 1,634,349 |
| CNI | UNCHANGED | 13,700 | 13,700 | 0.0% | 1,633,588 |
| BRW | ADDED | 248,039 | 240,672 | 3.06% | 1,629,617 |
| CVX | REDUCED | 8,709 | 8,969 | -2.9% | 1,443,604 |
| CPNG | REDUCED | 82,896 | 87,801 | -5.59% | 1,439,904 |
| BAM | REDUCED | 29,990 | 31,471 | -4.71% | 1,345,051 |
| XOM | REDUCED | 7,855 | 8,121 | -3.28% | 1,073,936 |
| BXMT | ADDED | 61,532 | 61,531 | 0.0% | 1,071,887 |
| TPL | ADDED | 2,385 | 1,995 | 19.55% | 1,043,771 |
| LB | ADDED | 12,735 | 11,285 | 12.85% | 1,009,121 |
| BMY | REDUCED | 16,538 | 18,572 | -10.95% | 952,920 |
| LLY | REDUCED | 763 | 1,009 | -24.38% | 915,165 |
| WBI | ADDED | 24,875 | 24,625 | 1.02% | 852,466 |
| EQT | REDUCED | 15,895 | 17,670 | -10.05% | 845,137 |
| PM | ADDED | 4,540 | 4,240 | 7.08% | 828,005 |
| ED | REDUCED | 7,467 | 7,867 | -5.08% | 826,074 |
| BEPC | REDUCED | 23,048 | 28,159 | -18.15% | 811,086 |
| CL | UNCHANGED | 8,810 | 8,810 | 0.0% | 807,701 |
| INTC | ADDED | 5,500 | 4,000 | 37.5% | 767,965 |
| HSY | REDUCED | 4,060 | 4,126 | -1.6% | 712,327 |
| ENB | UNCHANGED | 12,796 | 12,796 | 0.0% | 693,671 |
| KMB | UNCHANGED | 6,005 | 6,005 | 0.0% | 666,855 |
| AMRZ | REDUCED | 12,380 | 12,580 | -1.59% | 659,533 |
| OPCH | REDUCED | 28,780 | 30,405 | -5.34% | 603,517 |
| EIX | UNCHANGED | 8,000 | 8,000 | 0.0% | 595,600 |
| PCG | REDUCED | 34,857 | 36,490 | -4.48% | 588,038 |
| BMEZ | NEW | 37,080 | - | - | 569,178 |
| PG | UNCHANGED | 3,770 | 3,770 | 0.0% | 552,833 |
| EPD | UNCHANGED | 14,675 | 14,675 | 0.0% | 539,453 |
| DE | REDUCED | 837 | 920 | -9.02% | 532,290 |
| KO | UNCHANGED | 5,625 | 5,625 | 0.0% | 460,125 |
| HON | REDUCED | 1,890 | 3,626 | -47.88% | 423,171 |
| HONA | NEW | 1,890 | - | - | 417,841 |
| NOW | NEW | 3,630 | - | - | 360,386 |
| UTF | ADDED | 12,260 | 10,900 | 12.48% | 338,253 |
| SNOW | UNCHANGED | 1,295 | 1,295 | 0.0% | 329,578 |
| GNRC | UNCHANGED | 1,080 | 1,080 | 0.0% | 316,235 |
| CMC | UNCHANGED | 4,565 | 4,565 | 0.0% | 286,454 |
| DLY | UNCHANGED | 19,684 | 19,684 | 0.0% | 276,954 |
| CW | UNCHANGED | 352 | 352 | 0.0% | 266,823 |
| AMZN | ADDED | 1,005 | 850 | 18.24% | 239,532 |
| GRAB | REDUCED | 61,880 | 65,880 | -6.07% | 233,288 |
| ABBV | UNCHANGED | 897 | 897 | 0.0% | 225,721 |
| NVDA | NEW | 1,111 | - | - | 222,300 |
| CB | NEW | 600 | - | - | 205,056 |
| MWA | REDUCED | 7,000 | 7,225 | -3.11% | 180,810 |
| VNOM | REDUCED | 4,180 | 5,680 | -26.41% | 177,232 |
| NML | NEW | 15,000 | - | - | 152,100 |
| ISRG | UNCHANGED | 375 | 375 | 0.0% | 149,130 |
| COST | REDUCED | 130 | 135 | -3.7% | 121,611 |
| OBE | NEW | 10,000 | - | - | 81,300 |
| OPEN | NEW | 13,000 | - | - | 60,060 |
| TIC | CLOSED OUT | 0 | 2,000 | -100.0% | 0 |
| L | CLOSED OUT | 0 | 1,700 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| JPM | REDUCED | JPMorgan Chase & Co | COM | 46625H100 | 15,411,678 | 6.77 | 47083.0 |
| MSFT | REDUCED | Microsoft Corporation | COM | 594918104 | 14,127,759 | 6.2 | 37874.0 |
| GOOGL | REDUCED | Alphabet Inc. Class A | CAP STK CL A | 02079K305 | 12,893,552 | 5.66 | 36079.0 |
| MRK | REDUCED | Merck & Co. Inc. | COM | 58933Y105 | 11,120,552 | 4.88 | 85966.0 |
| - | Brookfield Corporation Class A | CL A LTD VT SH | 11271J107 | 10,726,973 | 4.71 | 251866.0 | |
| BX | REDUCED | Blackstone Group Inc | COM | 09260D107 | 9,822,033 | 4.31 | 83471.0 |
| - | Qualcomm Inc. | COM | 747525103 | 9,659,280 | 4.24 | 52272.0 | |
| HD | REDUCED | Home Depot | COM | 437076102 | 9,567,503 | 4.2 | 27128.0 |
| UNP | UNCHANGED | Union Pacific Corp. | COM | 907818108 | 9,053,520 | 3.97 | 33285.0 |
| GH | REDUCED | Guardant Health, Inc. | COM | 40131M109 | 9,048,309 | 3.97 | 60310.0 |
| PFX | ADDED | PhenixFIN Corporation | COM | 71742W103 | 7,495,625 | 3.29 | 176119.0 |
| AXP | REDUCED | American Express Co. | COM | 025816109 | 7,073,146 | 3.11 | 20911.0 |
| MKL | REDUCED | Markel Group Inc. | COM | 570535104 | 5,286,798 | 2.32 | 2707.0 |
| ACGL | REDUCED | Arch Capital Group Ltd | ORD | G0450A105 | 5,114,383 | 2.25 | 52693.0 |
| MELI | ADDED | Mercadolibre Inc | COM | 58733R102 | 4,990,327 | 2.19 | 2940.0 |
| GOOGL | REDUCED | Alphabet Inc. Class C | CAP STK CL C | 02079K107 | 4,151,274 | 1.82 | 11749.0 |
| MU | REDUCED | Micron Technology, Inc. | COM | 595112103 | 4,124,278 | 1.81 | 3573.0 |
| JNJ | REDUCED | Johnson & Johnson | COM | 478160104 | 4,116,854 | 1.81 | 16210.0 |
| - | Weyerhaeuser Co REIT | COM NEW | 962166104 | 4,046,578 | 1.78 | 169030.0 | |
| CSCO | UNCHANGED | Cisco Systems, Inc. | COM | 17275R102 | 3,644,079 | 1.6 | 31024.0 |
| BRK-B | UNCHANGED | Berkshire Hathaway Class B | CL B NEW | 084670702 | 3,604,309 | 1.58 | 7203.0 |
| SO | REDUCED | Southern Company | COM | 842587107 | 3,140,532 | 1.38 | 32813.0 |
| FNV | REDUCED | Franco-Nevada Corp | COM | 351858105 | 2,829,990 | 1.24 | 13577.0 |
| DUK | REDUCED | Duke Energy Corp | COM NEW | 26441C204 | 2,801,342 | 1.23 | 22131.0 |
| NU | REDUCED | Nu Holdings Ltd. | ORD SHS CL A | G6683N103 | 2,212,082 | 0.97 | 165575.0 |
| BWXT | REDUCED | BWX Technologies Inc | COM | 05605H100 | 2,055,115 | 0.9 | 10558.0 |
| SLB | REDUCED | SLB | COM STK | 806857108 | 1,987,091 | 0.87 | 42464.0 |
| - | Danaher Corp | COM | 235851102 | 1,834,725 | 0.81 | 9612.0 | |
| AAPL | REDUCED | Apple Inc. | COM | 037833100 | 1,763,649 | 0.77 | 6095.0 |
| BA | REDUCED | Boeing | COM | 097023105 | 1,634,349 | 0.72 | 7550.0 |
| CNI | UNCHANGED | Canadian National Railway Co. | COM | 136375102 | 1,633,588 | 0.72 | 13700.0 |
| BRW | ADDED | Saba Capital Income & Opportunities Fund | SHS NEW | 78518H202 | 1,614,729 | 0.71 | 245773.0 |
| CVX | REDUCED | Chevron Corp. | COM | 166764100 | 1,443,604 | 0.63 | 8709.0 |
| CPNG | REDUCED | Coupang, Inc. | CL A | 22266T109 | 1,439,904 | 0.63 | 82896.0 |
| BAM | REDUCED | Brookfield Asset Management Ltd. | CL A LMT VTG SHS | 113004105 | 1,329,533 | 0.58 | 29644.0 |
| - | Applied Materials | COM | 038222105 | 1,301,400 | 0.57 | 1800.0 | |
| - | WisdomTree Floating Rate Treasury Fund | FLOATNG RAT TREA | 97717Y527 | 1,077,238 | 0.47 | 21395.0 | |
| XOM | REDUCED | ExxonMobil Corp | COM | 30231G102 | 1,073,936 | 0.47 | 7855.0 |
| BXMT | ADDED | Blackstone Mortgage Trust | COM CL A | 09257W100 | 1,071,887 | 0.47 | 61532.0 |
| TPL | ADDED | Texas Pacific Land Corp | COM | 88262P102 | 1,043,771 | 0.46 | 2385.0 |
| - | British American Tobacco ADR | SPONSORED ADR | 110448107 | 1,041,274 | 0.46 | 16860.0 | |
| LB | ADDED | Landbridge Co LLC Class A | CL A | 514952100 | 1,009,121 | 0.44 | 12735.0 |
| BMY | REDUCED | Bristol-Myers Squibb | COM | 110122108 | 941,396 | 0.41 | 16338.0 |
| LLY | REDUCED | Eli Lilly & Company | COM | 532457108 | 915,165 | 0.4 | 763.0 |
| WBI | ADDED | WaterBridge Infrastructure LLC | CL A SHS REPSTG | 940923105 | 852,466 | 0.37 | 24875.0 |
| EQT | REDUCED | EQT Corporation | COM | 26884L109 | 845,137 | 0.37 | 15895.0 |
| PM | ADDED | Philip Morris International Inc. | COM | 718172109 | 828,005 | 0.36 | 4540.0 |
| - | Dominion Resources, Inc | COM | 25746U109 | 808,212 | 0.35 | 11835.0 | |
| CL | UNCHANGED | Colgate-Palmolive Co | COM | 194162103 | 807,701 | 0.35 | 8810.0 |
| ED | REDUCED | Consolidated Edison | COM | 209115104 | 803,948 | 0.35 | 7267.0 |
| INTC | ADDED | Intel Corp | COM | 458140100 | 767,965 | 0.34 | 5500.0 |
| HSY | REDUCED | Hershey Co | COM | 427866108 | 712,327 | 0.31 | 4060.0 |
| ENB | UNCHANGED | Enbridge Inc | COM | 29250N105 | 693,671 | 0.3 | 12796.0 |
| KMB | UNCHANGED | Kimberly-Clark Corp | COM | 494368103 | 666,855 | 0.29 | 6005.0 |
| AMRZ | REDUCED | Amrize Ltd | SHS | H2927K103 | 659,533 | 0.29 | 12380.0 |
| BEPC | REDUCED | Brookfield Renewable LP | PARTNERSHIP UNIT | G16258108 | 646,013 | 0.28 | 18601.0 |
| - | Saba Closed End Funds ETF | SABA INT RATE | 30151E806 | 642,538 | 0.28 | 25060.0 | |
| OPCH | REDUCED | Option Care Health Inc | COM NEW | 68404L201 | 603,517 | 0.26 | 28780.0 |
| EIX | UNCHANGED | Edison International | COM | 281020107 | 595,600 | 0.26 | 8000.0 |
| PCG | REDUCED | PG&E Corporation | COM | 69331C108 | 588,038 | 0.26 | 34857.0 |
| - | Martin Marietta Matr | COM | 573284106 | 585,351 | 0.26 | 1015.0 | |
| BMEZ | NEW | BlackRock Health Sciences Term Trust | COM SHS | 09260E105 | 569,178 | 0.25 | 37080.0 |
| - | W. R. Berkley Corporation | COM | 084423102 | 558,015 | 0.24 | 7845.0 | |
| PG | UNCHANGED | Procter & Gamble | COM | 742718109 | 552,833 | 0.24 | 3770.0 |
| EPD | UNCHANGED | Enterprise Products Partners L.P. | COM | 293792107 | 539,453 | 0.24 | 14675.0 |
| DE | REDUCED | Deere & Co | COM | 244199105 | 532,290 | 0.23 | 837.0 |
| KO | UNCHANGED | Coca-Cola Company | COM | 191216100 | 460,125 | 0.2 | 5625.0 |
| HON | REDUCED | Honeywell International Inc | COM | 438516205 | 423,171 | 0.19 | 1890.0 |
| HONA | NEW | Honeywell Aerospace Inc. | COM | 43849R105 | 417,841 | 0.18 | 1890.0 |
| - | Invesco S&P 500 Equal Weight Income Advantage ETF | S&P 500 EQUAL WE | 46090A697 | 378,785 | 0.17 | 7100.0 | |
| - | iShares Flexible Income Active ETF | ISHARES FLEXIBLE | 092528603 | 366,380 | 0.16 | 7000.0 | |
| NOW | NEW | Servicenow Inc | COM | 81762P102 | 360,386 | 0.16 | 3630.0 |
| UTF | ADDED | Cohen & Steers Infrastructure Fund | COM | 19248A109 | 338,253 | 0.15 | 12260.0 |
| SNOW | UNCHANGED | Snowflake Inc. | CL A | 833445109 | 329,578 | 0.14 | 1295.0 |
| GNRC | UNCHANGED | Generac Holdings Inc | COM | 368736104 | 316,235 | 0.14 | 1080.0 |
| - | Pure Storage, Inc. | CL A | 74624M102 | 298,220 | 0.13 | 3785.0 | |
| CMC | UNCHANGED | Commercial Metals Co | COM | 201723103 | 286,454 | 0.13 | 4565.0 |
| - | Invesco MSCI EAFE Income Advantage ETF | MSCI EAFE INCOME | 46090A713 | 281,588 | 0.12 | 5050.0 | |
| DLY | UNCHANGED | DoubleLine Yield Opportunities Fund | COM | 25862D105 | 276,954 | 0.12 | 19684.0 |
| - | VeriSign, Inc. | COM | 92343E102 | 271,685 | 0.12 | 1080.0 | |
| - | The Williams Companies, Inc. | COM | 969457100 | 268,739 | 0.12 | 3615.0 | |
| CW | UNCHANGED | Curtiss Wright Corp | COM | 231561101 | 266,823 | 0.12 | 352.0 |
| HD | REDUCED | Home Depot | COM | 437076102 | 246,876 | 0.11 | 700.0 |
| - | Raytheon Technologies Co | COM | 75513E101 | 246,649 | 0.11 | 1300.0 | |
| AMZN | ADDED | Amazon.com, Inc. | COM | 023135106 | 239,532 | 0.11 | 1005.0 |
| - | SPDR FTSE International Government Inflation-Protected Bond ETF | FTSE INT GVT ETF | 78464A490 | 236,340 | 0.1 | 6000.0 | |
| GRAB | REDUCED | Grab Holdings Ltd. | CLASS A ORD | G4124C109 | 233,288 | 0.1 | 61880.0 |
| ABBV | UNCHANGED | Abbvie Inc | COM | 00287Y109 | 225,721 | 0.1 | 897.0 |
| NVDA | NEW | Nvidia Corp | COM | 67066G104 | 222,300 | 0.1 | 1111.0 |
| MSFT | REDUCED | Microsoft Corporation | COM | 594918104 | 205,161 | 0.09 | 550.0 |
| - | Vanguard Emerging Markets Government Bond ETF | EM MK GOV BD ETF | 921946885 | 205,082 | 0.09 | 3050.0 | |
| CB | NEW | Chubb Ltd. | COM | H1467J104 | 205,056 | 0.09 | 600.0 |
| - | VanEck Green Bond ETF | GREEN BOND ETF | 92189F171 | 199,114 | 0.09 | 8250.0 | |
| MWA | REDUCED | Mueller Water Products, Inc. | COM SER A | 624758108 | 180,810 | 0.08 | 7000.0 |
| - | BlackRock Science and Technology Term Trust | SHS BEN INT | 09260K101 | 180,180 | 0.08 | 6000.0 | |
| - | Corning Inc | COM | 219350105 | 178,801 | 0.08 | 700.0 | |
| VNOM | REDUCED | Viper Energy, Inc. | CL A | 64361Q101 | 177,232 | 0.08 | 4180.0 |
| - | AtaiBeckley Inc | COM SHS | 04650F101 | 167,117 | 0.07 | 31711.0 | |
| BEPC | REDUCED | Brookfield Renewable Corp | CL A EX SUB VTG | 11285B108 | 165,073 | 0.07 | 4447.0 |
| - | Invesco Preferred ETF | PDF ETF | 46138E511 | 158,221 | 0.07 | 14596.0 | |
| NML | NEW | Neuberger Energy Infrastructure & Income Fund | COM | 64129H104 | 152,100 | 0.07 | 15000.0 |
| ISRG | UNCHANGED | Intuitive Surgical | COM NEW | 46120E602 | 149,130 | 0.07 | 375.0 |
| AXP | REDUCED | American Express Co. | COM | 025816109 | 135,300 | 0.06 | 400.0 |
| MRK | REDUCED | Merck & Co. Inc. | COM | 58933Y105 | 129,350 | 0.06 | 1000.0 |
| COST | REDUCED | Costco Wholesale Co | COM | 22160K105 | 121,611 | 0.05 | 130.0 |
| UNP | UNCHANGED | Union Pacific Corp. | COM | 907818108 | 108,800 | 0.05 | 400.0 |
| BX | REDUCED | Blackstone Group Inc | COM | 09260D107 | 94,136 | 0.04 | 800.0 |
| - | Brookfield Corporation Class A | CL A LTD VT SH | 11271J107 | 88,587 | 0.04 | 2080.0 | |
| OBE | NEW | Obsidian Energy Ltd. | COM | 674482203 | 81,300 | 0.04 | 10000.0 |
| GOOGL | REDUCED | Alphabet Inc. Class A | CAP STK CL A | 02079K305 | 71,474 | 0.03 | 200.0 |
| GOOGL | REDUCED | Alphabet Inc. Class C | CAP STK CL C | 02079K107 | 70,666 | 0.03 | 200.0 |
| OPEN | NEW | Opendoor Technologies Inc. | COM | 683712103 | 60,060 | 0.03 | 13000.0 |
| FNV | REDUCED | Franco-Nevada Corp | COM | 351858105 | 57,321 | 0.03 | 275.0 |
| JNJ | REDUCED | Johnson & Johnson | COM | 478160104 | 50,794 | 0.02 | 200.0 |
| MKL | REDUCED | Markel Group Inc. | COM | 570535104 | 48,825 | 0.02 | 25.0 |
| - | Weyerhaeuser Co REIT | COM NEW | 962166104 | 35,910 | 0.02 | 1500.0 | |
| - | Saba Closed End Funds ETF | SABA INT RATE | 30151E806 | 27,563 | 0.01 | 1075.0 | |
| ACGL | REDUCED | Arch Capital Group Ltd | ORD | G0450A105 | 24,265 | 0.01 | 250.0 |
| ED | REDUCED | Consolidated Edison | COM | 209115104 | 22,126 | 0.01 | 200.0 |
| NU | REDUCED | Nu Holdings Ltd. | ORD SHS CL A | G6683N103 | 20,040 | 0.01 | 1500.0 |
| PFX | ADDED | PhenixFIN Corporation | COM | 71742W103 | 19,152 | 0.01 | 450.0 |
| MELI | ADDED | Mercadolibre Inc | COM | 58733R102 | 16,974 | 0.01 | 10.0 |
| BAM | REDUCED | Brookfield Asset Management Ltd. | CL A LMT VTG SHS | 113004105 | 15,518 | 0.01 | 346.0 |
| BRW | ADDED | Saba Capital Income & Opportunities Fund | SHS NEW | 78518H202 | 14,888 | 0.01 | 2266.0 |
| BMY | REDUCED | Bristol-Myers Squibb | COM | 110122108 | 11,524 | 0.01 | 200.0 |
| - | Danaher Corp | COM | 235851102 | 9,544 | 0.0 | 50.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 227,783,605 | 126 | 12.567563 | 0.579648 | 24.303207 |
| 2026-03-31 | 2026-05-18 | 209,058,621 | 120 | 12.59799 | 0.578109 | 25.021932 |
| 2025-12-31 | 2026-02-17 | 224,003,609 | 111 | 12.958086 | 0.601079 | 24.661968 |
| 2025-09-30 | 2025-11-17 | 220,277,725 | 126 | 13.125366 | 0.610467 | 24.724915 |
| 2025-03-31 | 2025-05-16 | 187,799,448 | 126 | 12.921839 | 0.592708 | 25.317829 |
| 2024-12-31 | 2025-02-18 | 191,532,118 | 124 | 13.580029 | 0.625946 | 26.066919 |