Adalta Capital Management LLC Q1 2025 Filing

Filed May 16, 2025

Portfolio Value

$187.8B

Holdings

101

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (101 positions)

#StockSharesValue% PortfolioType
1
MSFTMicrosoft Corporation
48,443$18.2B9.68%
2
BXBlackstone Group Inc
91,216$12.8B6.79%
3
JPMJPMorgan Chase & Co
49,158$12.1B6.42%
4
HDHome Depot
29,210$10.7B5.70%
5
BNBrookfield Corp F Class A
172,613$9.0B4.82%
6
PFXPhenixFIN Corporation
168,449$8.9B4.76%
7
QCOMQualcomm Inc.
55,906$8.6B4.57%
8
MRKMerck & Co. Inc.
90,161$8.2B4.35%
9
UNPUnion Pacific Corp.
33,770$8.0B4.25%
10
GOOGLAlphabet Inc. Class A
43,592$6.7B3.59%
11
AXPAmerican Express Co.
24,385$6.6B3.49%
12
WYWeyerhaeuser Co REIT
180,907$5.3B2.82%
13
ACGLArch Capital Group Ltd
50,967$4.9B2.61%
14
MKLMarkel Group Inc.
2,591$4.8B2.58%
15
MLB1Mercadolibre Inc
2,055$4.0B2.13%
16
BRK/BBerkshire Hathaway Class B
6,193$3.3B1.76%
17
JNJJohnson & Johnson
18,344$3.0B1.62%
18
SOSouthern Company
32,794$3.0B1.61%
19
GHGuardant Health, Inc.
63,663$2.7B1.44%
20
DUKDuke Energy Corp
20,431$2.5B1.33%
21
BAMBrookfield Asset Management Ltd.
43,341$2.1B1.12%
22
FNVFranco-Nevada Corp
12,591$2.0B1.06%
23
CSCOCisco Systems, Inc.
31,024$1.9B1.02%
24
DHRDanaher Corp
8,919$1.8B0.98%
25
CPNGCoupang, Inc.
79,729$1.7B0.93%
26
GOOGAlphabet Inc. Class C
11,184$1.7B0.93%
27
SLBSLB
37,219$1.6B0.83%
28
CNRCanadian National Railway Co.
15,950$1.6B0.83%
29
CVXChevron Corp.
9,069$1.5B0.81%
30
BABoeing
8,300$1.4B0.75%
31
BXMTBlackstone Mortgage Trust
62,432$1.3B0.68%
32
AAPLApple Inc.
5,670$1.3B0.67%
33
BMYBristol-Myers Squibb
18,722$1.1B0.61%
34
BWXTBWX Technologies Inc
10,335$1.0B0.54%
35
XOMExxonMobil Corp
8,121$965.8M0.51%
36
DEDeere & Co
1,970$927.8M0.49%
37
NUNu Holdings Ltd.
89,797$919.5M0.49%
38
EDConsolidated Edison
7,967$881.1M0.47%
39
CLColgate-Palmolive Co
8,910$834.9M0.44%
40
4I1Philip Morris International Inc.
4,240$678.7M0.36%
41
CMCSAComcast Corporation
18,000$664.2M0.35%
42
DDominion Resources, Inc
11,700$656.0M0.35%
43
PGProcter & Gamble
3,789$645.7M0.34%
44
PCGPG&E Corporation
36,490$627.8M0.33%
45
ENBEnbridge Inc
12,796$567.0M0.30%
46
CEFSSaba Closed End Funds ETF
26,135$557.5M0.30%
47
BRWSaba Capital Income & Opportunities Fund
70,300$545.5M0.29%
48
WRBW. R. Berkley Corporation
7,420$528.0M0.28%
49
BEPBrookfield Renewable LP
23,201$514.1M0.27%
50
EPDEnterprise Products Partners L.P.
14,675$501.0M0.27%
51
MLMMartin Marietta Matr
1,025$490.1M0.26%
52
PYPLPaypal Holdings Inc
7,370$480.9M0.26%
53
EIXEdison International
8,000$471.4M0.25%
54
GMGeneral Motors Co
10,000$470.3M0.25%
55
GRABGrab Holdings Ltd.
97,180$440.2M0.23%
56
LLYEli Lilly & Company
510$421.2M0.22%
57
KOCoca-Cola Company
5,625$405.7M0.22%
58
FFC0Oaktree Specialty Lending Corporation
25,535$392.2M0.21%
59
EQTEQT Corporation
7,300$390.0M0.21%
60
AMATApplied Materials
2,670$387.5M0.21%
61
BABAAlibaba Group ADR
2,780$367.6M0.20%
62
ENVXEnovix Corporation
49,031$359.9M0.19%
63
HONHoneywell International Inc.
1,611$341.1M0.18%
64
GBTCGrayscale Bitcoin Trust
4,135$269.5M0.14%
65
SNOWSnowflake Inc.
1,740$254.3M0.14%
66
JT5Mueller Water Products, Inc.
9,250$235.1M0.13%
67
WMBThe Williams Companies, Inc.
3,615$216.0M0.12%
68
CMCCommercial Metals Co
4,565$210.9M0.11%
69
HSYHershey Co
1,229$210.2M0.11%
70
SESea Limited
1,550$202.3M0.11%
71
GRNBVaneck Vectors Green Bond ETF
8,250$198.5M0.11%
72
ABBVAbbvie Inc
916$191.9M0.10%
73
KVUEKenvue Inc
8,000$191.8M0.10%
74
ISRGIntuitive Surgical
375$185.7M0.10%
75
AMZNAmazon Com Inc
970$184.6M0.10%
76
UBERUber Technologies Inc
2,425$176.7M0.09%
77
RTXRaytheon Technologies Co
1,300$172.2M0.09%
78
ESABESAB Corp
1,460$170.1M0.09%
79
SSNCSS&C Technologies Holdings, Inc.
2,000$167.1M0.09%
80
BEPCBrookfield Renewable Corp
5,922$165.3M0.09%
81
TAT&T
5,785$163.6M0.09%
82
PLTRPalantir Technologies Inc.
1,927$162.6M0.09%
83
COSTCostco Wholesale Co
160$151.3M0.08%
84
DEODiageo PLC ADR
1,420$151.1M0.08%
85
AMDAdvanced Micro Devices, Inc.
1,430$146.9M0.08%
86
KMBKimberly-Clark Corp
1,005$144.2M0.08%
87
PENNPenn NTNL Gaming
8,816$143.8M0.08%
88
VNOMUSDViper Energy Inc Class A
3,180$143.6M0.08%
89
CARRCarrier Global Corp
2,184$138.5M0.07%
90
GNRCGenerac Holdings Inc
1,080$136.8M0.07%
91
BMTABritish American Tobacco ADR
3,000$126.5M0.07%
92
BCDFHorizon Kinetics Blockchain Development ETF
4,425$123.3M0.07%
93
SRADSportradar Group AG
5,675$122.7M0.07%
94
GISGeneral Mills Inc
2,000$119.6M0.06%
95
MDUMDU Resources Group, Inc.
6,530$111.3M0.06%
96
VGVenture Global Inc-CL A
10,000$103.0M0.05%
97
WMWaste Management Inc
425$98.4M0.05%
98
BACBank of America
2,000$83.5M0.04%
99
NETCloudFlare, Inc.
615$69.3M0.04%
100
ECGEverus Construction, Inc.
1,624$60.2M0.03%
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