Adalta Capital Management LLC Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$224.0B
Holdings
88
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (88 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | MSFTMicrosoft Corporation | 45,228 | $21.9B | 9.76% | |
| 2 | JPMJPMorgan Chase & Co | 47,680 | $15.4B | 6.86% | |
| 3 | GOOGLAlphabet Inc. Class A | 43,249 | $13.5B | 6.04% | |
| 4 | BXBlackstone Group Inc | 87,391 | $13.5B | 6.01% | |
| 5 | BNBrookfield Corp F Class A | 266,476 | $12.2B | 5.46% | |
| 6 | HDHome Depot | 29,217 | $10.1B | 4.49% | |
| 7 | QCOMQualcomm Inc. | 55,911 | $9.6B | 4.27% | |
| 8 | MRKMerck & Co. Inc. | 89,580 | $9.5B | 4.24% | |
| 9 | AXPAmerican Express Co. | 23,243 | $8.6B | 3.84% | |
| 10 | PFXPhenixFIN Corporation | 175,569 | $7.8B | 3.50% | |
| 11 | UNPUnion Pacific Corp. | 33,685 | $7.8B | 3.48% | |
| 12 | GHGuardant Health, Inc. | 63,288 | $6.5B | 2.89% | |
| 13 | MKLMarkel Group Inc. | 2,732 | $5.9B | 2.62% | |
| 14 | ACGLArch Capital Group Ltd | 55,031 | $5.3B | 2.36% | |
| 15 | MLB1Mercadolibre Inc | 2,132 | $4.3B | 1.92% | |
| 16 | WYWeyerhaeuser Co REIT | 167,482 | $4.0B | 1.77% | |
| 17 | GOOGAlphabet Inc. Class C | 12,084 | $3.8B | 1.69% | |
| 18 | BRK/BBerkshire Hathaway Class B | 7,193 | $3.6B | 1.61% | |
| 19 | JNJJohnson & Johnson | 17,221 | $3.6B | 1.59% | |
| 20 | NUNu Holdings Ltd. | 183,100 | $3.1B | 1.37% | |
| 21 | SOSouthern Company | 32,838 | $2.9B | 1.28% | |
| 22 | FNVFranco-Nevada Corp | 13,758 | $2.9B | 1.27% | |
| 23 | DUKDuke Energy Corp | 22,225 | $2.6B | 1.16% | |
| 24 | CSCOCisco Systems, Inc. | 31,024 | $2.4B | 1.07% | |
| 25 | BAMBrookfield Asset Management Ltd. | 42,178 | $2.2B | 0.99% | |
| 26 | AAPLApple Inc. | 7,700 | $2.1B | 0.93% | |
| 27 | CPNGCoupang, Inc. | 86,466 | $2.0B | 0.91% | |
| 28 | DHRDanaher Corp | 8,524 | $2.0B | 0.87% | |
| 29 | BWXTBWX Technologies Inc | 10,483 | $1.8B | 0.81% | |
| 30 | BABoeing | 7,950 | $1.7B | 0.77% | |
| 31 | BRWSaba Capital Income & Opportunities Fund | 225,787 | $1.6B | 0.71% | |
| 32 | SLBSLB | 36,194 | $1.4B | 0.62% | |
| 33 | CVXChevron Corp. | 8,969 | $1.4B | 0.61% | |
| 34 | CNRCanadian National Railway Co. | 13,700 | $1.4B | 0.60% | |
| 35 | BXMTBlackstone Mortgage Trust | 62,360 | $1.2B | 0.55% | |
| 36 | BMYBristol-Myers Squibb | 18,622 | $1.0B | 0.45% | |
| 37 | XOMExxonMobil Corp | 8,121 | $977.0M | 0.44% | |
| 38 | BMTABritish American Tobacco ADR | 15,515 | $891.0M | 0.40% | |
| 39 | WRBW. R. Berkley Corporation | 12,705 | $890.0M | 0.40% | |
| 40 | LLYEli Lilly & Company | 826 | $887.0M | 0.40% | |
| 41 | USFRWisdomTree Floating Rate Treasury Fund | 16,000 | $805.0M | 0.36% | |
| 42 | EDConsolidated Edison | 7,967 | $790.0M | 0.35% | |
| 43 | EQTEQT Corporation | 13,920 | $746.0M | 0.33% | |
| 44 | CLColgate-Palmolive Co | 8,810 | $696.0M | 0.31% | |
| 45 | 4I1Philip Morris International Inc. | 4,240 | $686.0M | 0.31% | |
| 46 | DDominion Resources, Inc | 11,700 | $685.0M | 0.31% | |
| 47 | OPCHOption Care Health Inc | 20,880 | $665.0M | 0.30% | |
| 48 | MLMMartin Marietta Matr | 1,015 | $632.0M | 0.28% | |
| 49 | KMBKimberly-Clark Corp | 6,005 | $613.0M | 0.27% | |
| 50 | ENBEnbridge Inc | 12,796 | $612.0M | 0.27% | |
| 51 | BEPBrookfield Renewable LP | 22,451 | $605.0M | 0.27% | |
| 52 | CEFSSaba Closed End Funds ETF | 26,135 | $601.0M | 0.27% | |
| 53 | AMRZAmrize Ltd | 10,900 | $589.0M | 0.26% | |
| 54 | PCGPG&E Corporation | 36,490 | $588.0M | 0.26% | |
| 55 | HSYHershey Co | 3,231 | $587.0M | 0.26% | |
| 56 | PGProcter & Gamble | 3,770 | $540.0M | 0.24% | |
| 57 | GRABGrab Holdings Ltd. | 100,880 | $503.0M | 0.22% | |
| 58 | EIXEdison International | 8,000 | $480.0M | 0.21% | |
| 59 | EPDEnterprise Products Partners L.P. | 14,675 | $470.0M | 0.21% | |
| 60 | SPSBState Street SPDR Portfolio Short Term Corporate Bond ETF | 14,543 | $439.0M | 0.20% | |
| 61 | TICTIC Solutions, Inc. | 43,500 | $439.0M | 0.20% | |
| 62 | BSCSInvesco BulletShares 2028 Corporate Bond ETF | 21,290 | $438.0M | 0.20% | |
| 63 | IBDTiShares iBonds December 2028 Term ETF | 17,180 | $437.0M | 0.20% | |
| 64 | DEDeere & Co | 920 | $429.0M | 0.19% | |
| 65 | STIPiShares 0-5 Year TIPS Bond ETF | 4,060 | $415.0M | 0.19% | |
| 66 | SLQDiShares 0-5 Year Investment Grade Corporate Bond ETF | 7,800 | $395.0M | 0.18% | |
| 67 | KOCoca-Cola Company | 5,625 | $393.0M | 0.18% | |
| 68 | TPLTexas Pacific Land Corp | 1,325 | $380.0M | 0.17% | |
| 69 | CMCCommercial Metals Co | 4,565 | $315.0M | 0.14% | |
| 70 | HONHoneywell International Inc. | 1,611 | $314.0M | 0.14% | |
| 71 | AMATApplied Materials | 1,145 | $294.0M | 0.13% | |
| 72 | JEPIJPMorgan Equity Premium Income ETF | 5,000 | $288.0M | 0.13% | |
| 73 | SNOWSnowflake Inc. | 1,295 | $284.0M | 0.13% | |
| 74 | UTFCohen & Steers Infrastructure Fund | 10,900 | $262.0M | 0.12% | |
| 75 | RTXRaytheon Technologies Co | 1,300 | $238.0M | 0.11% | |
| 76 | AMZNAmazon Com Inc | 970 | $223.0M | 0.10% | |
| 77 | BEPCBrookfield Renewable Corp | 5,735 | $219.0M | 0.10% | |
| 78 | WMBThe Williams Companies, Inc. | 3,615 | $217.0M | 0.10% | |
| 79 | MUMicron Technology, Inc. | 750 | $214.0M | 0.10% | |
| 80 | ISRGIntuitive Surgical | 375 | $212.0M | 0.09% | |
| 81 | LLoews Corp | 2,000 | $210.0M | 0.09% | |
| 82 | VWOBVanguard Emerging Markets Government Bond ETF | 3,050 | $205.0M | 0.09% | |
| 83 | ABBVAbbvie Inc | 897 | $204.0M | 0.09% | |
| 84 | GRNBVanEck Green Bond ETF | 8,250 | $200.0M | 0.09% | |
| 85 | DLYDoubleLine Yield Opportunities Fund | 13,000 | $189.0M | 0.08% | |
| 86 | PGXInvesco Preferred ETF | 11,596 | $130.0M | 0.06% | |
| 87 | COSTCostco Wholesale Co | 150 | $129.0M | 0.06% | |
| 88 | BGBBlackstone Strategic Credit 2027 Term Fund | 10,000 | $118.0M | 0.05% |