Fund HoldingsAdalta Capital Management LLC

Total Portfolio Value
$209.06M
Total Bought
$11.88M
Total Sold
$29.02M
Net Transaction
-$17.14M
Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
Merck & Co. Inc.(MRK)89,58088,591-9899,50510,7325.13%+1,227
Micron Technology, Inc.(MU)7503,635+2,8852141,2290.59%+1,014
SLB(SLB)36,19443,894+7,7001,3992,2691.09%+869
Landbridge Co LLC Class A(LB)011,285+11,28507790.37%+779
WaterBridge Infrastructure LLC(WBI)024,625+24,62506600.32%+660
Johnson & Johnson(JNJ)17,22117,096-1253,5644,1792.00%+615
Franco-Nevada Corp(FNV)013,946+13,94603,4451.65%+3,445
Texas Pacific Land Corp(TPL)1,3251,995+6703819470.45%+566
Honeywell International Inc.(HON)1,6113,626+2,0153148200.39%+505
Chevron Corp.(CVX)8,9698,96901,3671,8560.89%+489
ExxonMobil Corp8,1218,12109771,3780.66%+401
Invesco S&P 500 Equal Weight Income Advantage ETF
S&P 500 EQUA ETF
08,000+8,00004000.19%+400
Union Pacific Corp.(UNP)33,68533,68507,7928,1733.91%+381
iShares Flexible Income Active ETF07,300+7,30003790.18%+379
EQT Corporation(EQT)13,92017,670+3,7507461,1250.54%+378
BWX Technologies Inc(BWXT)010,623+10,62302,1721.04%+2,172
Duke Energy Corp(DUK)22,22522,475+2502,6052,9431.41%+338
Invesco MSCI EAFE Income Advantage ETF
MSCI EAFE IN ETF
06,000+6,00003160.15%+316
Mercadolibre Inc(MELI)02,661+2,66104,6012.20%+4,601
Southern Company(SO)32,83832,83802,8633,1701.52%+306
Weyerhaeuser Co REIT(WY)0174,582+174,58204,2652.04%+4,265
Hershey Co(HSY)3,2314,126+8955888580.41%+270
Viper Energy Inc New Class A(VNOM)05,680+5,68002670.13%+267
Pure Storage, Inc.(P)04,110+4,11002430.12%+243
Curtiss Wright Corp(CW)0352+35202400.11%+240
SPDR FTSE International Government Inflation-Protected Bond ETF
ST STR FTSE ETF
06,000+6,00002380.11%+238
Generac Holdings Inc(GNRC)01,080+1,08002110.10%+211
Mueller Water Products, Inc.(MWA)07,225+7,22501990.10%+199
Intel Corp(INTC)04,000+4,00001770.08%+177
Option Care Health Inc(OPCH)20,88030,405+9,5256658190.39%+153
Brookfield Renewable LP
PARTNERSHIP UNIT
22,45122,45106067340.35%+129
British American Tobacco ADR(BTI)15,51517,120+1,6058911,0150.49%+124
Bristol-Myers Squibb(BMY)18,62218,572-501,0041,1260.54%+122
Amrize Ltd(AMRZ)10,90012,580+1,6805897030.34%+114
Edison International(EIX)8,0008,00004805850.28%+105
Consolidated Edison(ED)7,9677,867-1007918900.43%+99
Applied Materials1,1451,14502943910.19%+97
Deere & Co(DE)92092004305200.25%+90
DoubleLine Yield Opportunities Fund13,00019,684+6,6841892740.13%+85
Enterprise Products Partners L.P.(EPD)14,67514,67504705550.27%+85
Enbridge Inc(ENB)12,79612,79606126930.33%+81
PG&E Corporation(PCG)36,49036,49005886430.31%+55
Colgate-Palmolive Co(CL)8,8108,81006967510.36%+55
Canadian National Railway Co.(CNI)13,70013,70001,3541,4080.67%+54
The Williams Companies, Inc.(WMB)3,6153,61502172630.13%+46
Dominion Resources, Inc(D)11,70011,800+1006867290.35%+44
Eli Lilly & Company(LLY)8261,009+1838889280.44%+40
Saba Capital Income & Opportunities Fund225,787240,672+14,8851,5831,6220.78%+39
AtaiBeckley Inc(ATAI)010,973+10,9730390.02%+39
Coca-Cola Company(KO)5,6255,62503934310.21%+38
Invesco Preferred ETF11,59614,596+3,0001301590.08%+28
Philip Morris International Inc.(PM)4,2404,24006867070.34%+21
Cohen & Steers Infrastructure Fund(UTF)10,90010,90002632820.13%+19
Cisco Systems, Inc.(CSCO)31,02431,02402,3902,4071.15%+17
Raytheon Technologies Co(RTX)1,3001,30002382510.12%+12
Brookfield Renewable Corp(BEPC)5,7355,708-272202280.11%+8
Costco Wholesale Co(COST)150135-151291350.06%+5
Procter & Gamble(PG)3,7703,77005405450.26%+4
VanEck Green Bond ETF
GREEN BOND ETF
8,2508,25002011980.09%-3
Vanguard Emerging Markets Government Bond ETF3,0503,05002062000.10%-5
Abbvie Inc(ABBV)89789702051950.09%-10
Saba Closed End Funds ETF26,13526,13506025890.28%-13
Blackstone Mortgage Trust(BXMT)62,36061,531-8291,2221,2070.58%-15
Kimberly-Clark Corp(KMB)6,0056,00506135870.28%-26
Loews Corp(L)2,0001,700-3002111810.09%-29
Martin Marietta Matr(MLM)1,0151,01506325980.29%-34
Commercial Metals Co(CMC)4,5654,56503162800.13%-36
Intuitive Surgical37537502121730.08%-40
Amazon Com Inc(AMZN)970850-1202241770.08%-47
iShares 0-5 Year Investment Grade Corporate Bond ETF
0-5YR INVT GR CP
7,8006,600-1,2003953330.16%-62
Snowflake Inc.(SNOW)1,2951,29502841950.09%-89
Arch Capital Group Ltd
ORD
55,03153,921-1,1105,2795,1762.48%-103
JPMorgan Equity Premium Income ETF
EQUITY PREMIUM
5,0003,000-2,0002881700.08%-118
Blackstone Strategic Credit 2027 Term Fund10,0000-10,0001190-119
Boeing(BA)7,9507,850-1001,7261,5620.75%-164
Berkshire Hathaway Class B7,1937,203+103,6163,4521.65%-164
Apple Inc.(AAPL)7,7007,500-2002,0931,9030.91%-190
Alphabet Inc. Class C(GOOG)12,08412,429+3453,7923,5651.71%-227
Grab Holdings Ltd.
CLASS A ORD
100,88065,880-35,0005032410.12%-262
Danaher Corp(DHR)8,5248,864+3401,9541,6840.81%-270
W. R. Berkley Corporation12,7059,020-3,6858915980.29%-293
iShares 0-5 Year TIPS Bond ETF
0-5 YR TIPS ETF
4,0601,000-3,0604161030.05%-312
WisdomTree Floating Rate Treasury Fund(WT)09,495+9,49504780.23%+478
Coupang, Inc.(CPNG)087,801+87,80101,6580.79%+1,658
TIC Solutions, Inc.(TIC)43,5002,000-41,500440130.01%-427
iShares iBonds December 2028 Term ETF
IBDS DEC28 ETF
17,1800-17,1804370-437
Invesco BulletShares 2028 Corporate Bond ETF
INVSCO BLSH 28
21,2900-21,2904390-439
State Street SPDR Portfolio Short Term Corporate Bond ETF
ST SHOR CORP ETF
14,5430-14,5434390-439
Home Depot(HD)029,207+29,20709,6064.59%+9,606
Nu Holdings Ltd.(NU)183,100175,875-7,2253,0652,5271.21%-538
Markel Group Inc.(MKL)2,7322,775+435,8735,3122.54%-561
Guardant Health, Inc.(GH)63,28861,473-1,8156,4645,6782.72%-786
Brookfield Asset Management Ltd.(BAM)42,17831,471-10,7072,2101,3990.67%-811
PhenixFIN Corporation0175,569+175,56906,8623.28%+6,862
JPMorgan Chase & Co(JPM)47,68047,610-7015,36314,0056.70%-1,358
Brookfield Corp F Class A(BN)266,476265,083-1,39312,22910,7285.13%-1,501
American Express Co.(AXP)23,24322,503-7408,5996,8073.26%-1,792
Alphabet Inc. Class A(GOOG)43,24938,419-4,83013,53711,0485.28%-2,489
Qualcomm Inc.(QCOM)55,91153,457-2,4549,5646,8843.29%-2,680
Blackstone Group Inc(BX)086,721+86,72109,9724.77%+9,972
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