Adalta Capital Management LLC
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| Alphabet Inc. Class A(GOOG) | 43,778 | 43,983 | +205 | 7,714,997 | 10,692,267 | 4.85% | +2,977,270 |
| Blackstone Group Inc(BX) | 90,041 | 86,741 | -3,300 | 13,468,333 | 14,819,700 | 6.73% | +1,351,367 |
| WisdomTree Floating Rate Treasury Fund(WT) | 0 | 26,000 | +26,000 | 0 | 1,307,020 | 0.59% | +1,307,020 |
| Brookfield Corp F Class A(BN) | 171,963 | 173,101 | +1,138 | 10,635,912 | 11,866,977 | 5.39% | +1,231,065 |
| JPMorgan Chase & Co(JPM) | 48,212 | 48,212 | 0 | 13,977,141 | 15,207,511 | 6.90% | +1,230,370 |
| Home Depot(HD) | 29,240 | 29,240 | 0 | 10,720,554 | 11,847,756 | 5.38% | +1,127,202 |
| Nu Holdings Ltd.(NU) | 131,325 | 179,200 | +47,875 | 1,801,779 | 2,868,992 | 1.30% | +1,067,213 |
| Franco-Nevada Corp(FNV) | 12,816 | 14,158 | +1,342 | 2,100,799 | 3,155,960 | 1.43% | +1,055,161 |
| Apple Inc.(AAPL) | 5,075 | 8,075 | +3,000 | 1,041,238 | 2,056,137 | 0.93% | +1,014,899 |
| Microsoft Corporation(MSFT) | 45,631 | 45,531 | -100 | 22,697,316 | 23,582,782 | 10.71% | +885,466 |
| Alphabet Inc. Class C(GOOG) | 12,209 | 12,209 | 0 | 2,165,755 | 2,973,502 | 1.35% | +807,747 |
| Applovin Corp Class A(APP) | 0 | 1,120 | +1,120 | 0 | 804,765 | 0.37% | +804,765 |
| Guardant Health, Inc.(GH) | 63,363 | 63,288 | -75 | 3,297,411 | 3,954,234 | 1.80% | +656,823 |
| Saba Capital Income & Opportunities Fund | 95,200 | 177,500 | +82,300 | 767,312 | 1,379,175 | 0.63% | +611,863 |
| BWX Technologies Inc(BWXT) | 11,770 | 12,205 | +435 | 1,695,586 | 2,250,236 | 1.02% | +554,650 |
| Merck & Co. Inc.(MRK) | 90,180 | 90,180 | 0 | 7,211,695 | 7,641,853 | 3.47% | +430,158 |
| iShares 0-5 Year TIPS Bond ETF | 0 | 4,060 | +4,060 | 0 | 419,642 | 0.19% | +419,642 |
| Johnson & Johnson(JNJ) | 18,237 | 17,237 | -1,000 | 2,785,702 | 3,196,085 | 1.45% | +410,383 |
| iShares 0-5 Year Investment Grade Corporate Bond ETF | 0 | 7,800 | +7,800 | 0 | 396,474 | 0.18% | +396,474 |
| Qualcomm Inc.(QCOM) | 55,536 | 55,511 | -25 | 8,844,672 | 9,234,843 | 4.19% | +390,171 |
| Vanguard Emerging Markets Government Bond ETF | 0 | 5,350 | +5,350 | 0 | 357,915 | 0.16% | +357,915 |
| Grayscale Ethereum Mini(ETH) | 0 | 9,005 | +9,005 | 0 | 352,816 | 0.16% | +352,816 |
| W. R. Berkley Corporation | 8,170 | 12,085 | +3,915 | 600,250 | 925,953 | 0.42% | +325,703 |
| Duke Energy Corp(DUK) | 20,696 | 22,225 | +1,529 | 2,442,128 | 2,750,344 | 1.25% | +308,216 |
| Coupang, Inc.(CPNG) | 80,511 | 84,466 | +3,955 | 2,412,110 | 2,719,805 | 1.23% | +307,695 |
| American Express Co.(AXP) | 23,445 | 23,400 | -45 | 7,478,486 | 7,772,544 | 3.53% | +294,058 |
| JPMorgan Equity Premium Income ETF | 0 | 5,000 | +5,000 | 0 | 285,500 | 0.13% | +285,500 |
| EQT Corporation(EQT) | 6,600 | 11,300 | +4,700 | 384,912 | 615,059 | 0.28% | +230,147 |
| Union Pacific Corp.(UNP) | 33,710 | 33,710 | 0 | 7,755,997 | 7,968,033 | 3.62% | +212,036 |
| Micron Technology, Inc.(MU) | 0 | 1,050 | +1,050 | 0 | 175,686 | 0.08% | +175,686 |
| JPMorgan Nasdaq Equity Premium Income ETF | 0 | 3,000 | +3,000 | 0 | 172,560 | 0.08% | +172,560 |
| Hershey Co(HSY) | 2,891 | 3,416 | +525 | 479,761 | 638,963 | 0.29% | +159,202 |
| Arch Capital Group Ltd | 50,997 | 52,929 | +1,932 | 4,643,277 | 4,802,249 | 2.18% | +158,972 |
| Venture Global Inc-CL A(VG) | 5,900 | 16,575 | +10,675 | 91,922 | 235,199 | 0.11% | +143,277 |
| Eli Lilly & Company(LLY) | 505 | 703 | +198 | 393,663 | 536,389 | 0.24% | +142,726 |
| Viper Energy Inc New Class A(VNOM) | 0 | 3,180 | +3,180 | 0 | 121,540 | 0.06% | +121,540 |
| Grab Holdings Ltd. | 98,680 | 100,880 | +2,200 | 496,360 | 607,298 | 0.28% | +110,938 |
| Uber Technologies Inc(UBER) | 2,075 | 3,085 | +1,010 | 193,598 | 302,237 | 0.14% | +108,639 |
| Berkshire Hathaway Class B | 6,193 | 6,193 | 0 | 3,008,374 | 3,113,469 | 1.41% | +105,095 |
| Southern Company(SO) | 32,794 | 32,838 | +44 | 3,011,473 | 3,112,057 | 1.41% | +100,584 |
| Chevron Corp.(CVX) | 9,069 | 8,969 | -100 | 1,298,590 | 1,392,796 | 0.63% | +94,206 |
| Martin Marietta Matr(MLM) | 1,015 | 1,015 | 0 | 557,194 | 639,734 | 0.29% | +82,540 |
| Brookfield Asset Management Ltd.(BAM) | 42,728 | 42,653 | -75 | 2,362,004 | 2,428,662 | 1.10% | +66,658 |
| Enbridge Inc(ENB) | 12,796 | 12,796 | 0 | 579,915 | 645,686 | 0.29% | +65,771 |
| Mueller Water Products, Inc.(MWA) | 5,150 | 7,225 | +2,075 | 123,806 | 184,382 | 0.08% | +60,576 |
| Palantir Technologies Inc.(PLTR) | 1,677 | 1,577 | -100 | 228,609 | 287,676 | 0.13% | +59,067 |
| Dominion Resources, Inc(D) | 11,700 | 11,700 | 0 | 661,284 | 715,689 | 0.32% | +54,405 |
| Abbvie Inc(ABBV) | 916 | 916 | 0 | 170,028 | 212,091 | 0.10% | +42,063 |
| PG&E Corporation(PCG) | 36,490 | 36,490 | 0 | 509,583 | 551,182 | 0.25% | +41,599 |
| ExxonMobil Corp | 8,121 | 8,121 | 0 | 875,444 | 915,643 | 0.42% | +40,199 |
| Capital One Financial Corporation(COF) | 0 | 178 | +178 | 0 | 37,839 | 0.02% | +37,839 |
| Commercial Metals Co(CMC) | 4,565 | 4,565 | 0 | 224,096 | 261,483 | 0.12% | +37,387 |
| British American Tobacco ADR(BTI) | 11,570 | 11,110 | -460 | 556,834 | 589,719 | 0.27% | +32,885 |
| Edison International(EIX) | 8,000 | 8,000 | 0 | 412,800 | 442,240 | 0.20% | +29,440 |
| Sea Limited(SE) | 1,550 | 1,550 | 0 | 247,907 | 277,032 | 0.13% | +29,125 |
| Raytheon Technologies Co(RTX) | 1,300 | 1,300 | 0 | 189,826 | 217,529 | 0.10% | +27,703 |
| Alibaba Group ADR(BABA) | 2,090 | 1,500 | -590 | 241,927 | 268,095 | 0.12% | +26,168 |
| Generac Holdings Inc(GNRC) | 1,080 | 1,080 | 0 | 154,667 | 180,792 | 0.08% | +26,125 |
| Applied Materials | 1,145 | 1,145 | 0 | 209,615 | 234,427 | 0.11% | +24,812 |
| SLB(SLB) | 36,219 | 36,194 | -25 | 1,234,525 | 1,254,303 | 0.57% | +19,778 |
| Curtiss Wright Corp(CW) | 352 | 352 | 0 | 172,054 | 191,199 | 0.09% | +19,145 |
| Saba Closed End Funds ETF | 26,135 | 26,135 | 0 | 581,242 | 595,094 | 0.27% | +13,852 |
| Loews Corp(L) | 1,500 | 1,500 | 0 | 137,490 | 150,585 | 0.07% | +13,095 |
| CloudFlare, Inc.(NET) | 615 | 615 | 0 | 120,435 | 131,973 | 0.06% | +11,538 |
| Grayscale Bitcoin Mini Trust ETF(BTC) | 4,000 | 4,000 | 0 | 191,000 | 202,520 | 0.09% | +11,520 |
| Grayscale Bitcoin Trust(GBTC) | 4,135 | 4,035 | -100 | 350,772 | 362,222 | 0.16% | +11,450 |
| Brookfield Renewable Corp(BEPC) | 5,772 | 5,735 | -37 | 189,206 | 197,399 | 0.09% | +8,193 |
| MDU Resources Group, Inc.(MDU) | 6,530 | 6,355 | -175 | 109,704 | 114,073 | 0.05% | +4,369 |
| Enterprise Products Partners L.P.(EPD) | 14,675 | 14,675 | 0 | 455,072 | 458,887 | 0.21% | +3,815 |
| Danaher Corp(DHR) | 8,819 | 8,804 | -15 | 1,744,927 | 1,748,298 | 0.79% | +3,371 |
| Brookfield Renewable LP | 22,601 | 22,451 | -150 | 576,552 | 579,011 | 0.26% | +2,459 |
| Snowflake Inc.(SNOW) | 1,295 | 1,295 | 0 | 289,782 | 292,087 | 0.13% | +2,305 |
| The Williams Companies, Inc.(WMB) | 3,615 | 3,615 | 0 | 227,058 | 229,010 | 0.10% | +1,952 |
| Vaneck Vectors Green Bond ETF | 8,250 | 8,250 | 0 | 199,980 | 201,548 | 0.09% | +1,568 |
| Consolidated Edison(ED) | 7,967 | 7,967 | 0 | 799,488 | 800,843 | 0.36% | +1,355 |
| Amazon Com Inc(AMZN) | 970 | 970 | 0 | 212,808 | 212,983 | 0.10% | +175 |
| Penn NTNL Gaming(PENN) | 7,910 | 7,300 | -610 | 141,352 | 140,598 | 0.06% | -754 |
| General Mills Inc(GIS) | 2,000 | 2,000 | 0 | 103,620 | 100,840 | 0.05% | -2,780 |
| Waste Management Inc(WM) | 425 | 425 | 0 | 97,249 | 93,853 | 0.04% | -3,396 |
| AT&T(T) | 5,785 | 5,785 | 0 | 167,416 | 163,366 | 0.07% | -4,050 |
| Kimberly-Clark Corp(KMB) | 1,005 | 1,005 | 0 | 130,831 | 126,228 | 0.06% | -4,603 |
| Diageo PLC ADR(DEO) | 1,420 | 1,420 | 0 | 143,193 | 135,511 | 0.06% | -7,682 |
| Meta Platforms, Inc.(META) | 225 | 215 | -10 | 166,070 | 157,892 | 0.07% | -8,178 |
| Costco Wholesale Co(COST) | 155 | 155 | 0 | 153,441 | 143,473 | 0.07% | -9,968 |
| Boeing(BA) | 8,300 | 8,000 | -300 | 1,739,099 | 1,726,640 | 0.78% | -12,459 |
| Procter & Gamble(PG) | 3,789 | 3,789 | 0 | 603,663 | 582,180 | 0.26% | -21,483 |
| Coca-Cola Company(KO) | 5,625 | 5,625 | 0 | 400,838 | 375,919 | 0.17% | -24,919 |
| Bristol-Myers Squibb(BMY) | 18,772 | 18,622 | -150 | 868,956 | 839,852 | 0.38% | -29,104 |
| Carrier Global Corp(CARR) | 2,184 | 2,184 | 0 | 159,847 | 130,385 | 0.06% | -29,462 |
| Cisco Systems, Inc.(CSCO) | 31,024 | 31,024 | 0 | 2,152,445 | 2,122,662 | 0.96% | -29,783 |
| Honeywell International Inc.(HON) | 1,611 | 1,611 | 0 | 375,170 | 339,116 | 0.15% | -36,054 |
| Intuitive Surgical | 375 | 375 | 0 | 203,779 | 167,711 | 0.08% | -36,068 |
| Blackstone Mortgage Trust(BXMT) | 62,433 | 62,359 | -74 | 1,231,172 | 1,177,332 | 0.53% | -53,840 |
| Kenvue Inc(KVUE) | 2,600 | 0 | -2,600 | 54,418 | 0 | — | -54,418 |
| Markel Group Inc.(MKL) | 2,643 | 2,732 | +89 | 5,279,022 | 5,221,836 | 2.37% | -57,186 |
| ESAB Corp(ESAB) | 1,260 | 660 | -600 | 151,893 | 73,748 | 0.03% | -78,145 |
| SS&C Technologies Holdings, Inc.(SSNC) | 1,000 | 0 | -1,000 | 82,800 | 0 | — | -82,800 |
| Deere & Co(DE) | 1,000 | 920 | -80 | 510,110 | 422,170 | 0.19% | -87,940 |
| Philip Morris International Inc.(PM) | 4,240 | 4,240 | 0 | 777,955 | 687,728 | 0.31% | -90,227 |
| Colgate-Palmolive Co(CL) | 8,910 | 8,910 | 0 | 809,919 | 712,265 | 0.32% | -97,654 |