# Adalta Capital Management LLC: Form 13F holdings

An institutional investment manager in NEW YORK, NY. SEC CIK 1698926.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $227.8m
- Positions: 103 (126 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1698926/000169892626000003/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [JPMorgan Chase & Co (JPM)](/companies/jpm.md) | COM | $15.4m | 6.8% | 47,083 |  | Reduced −527 |
| [Microsoft Corporation (MSFT)](/companies/msft.md) | COM | $14.3m | 6.3% | 38,424 |  | Reduced −1,050 |
| [Alphabet Inc. Class                  A (GOOGL)](/companies/googl.md) | CAP STK CL A | $13.0m | 5.7% | 36,279 |  | Reduced −2,140 |
| [Merck & Co. Inc. (MRK)](/companies/mrk.md) | COM | $11.2m | 4.9% | 86,966 |  | Reduced −1,625 |
| [Brookfield Corporation Class A (BN)](/companies/bn.md) | CL A LTD VT SH | $10.8m | 4.7% | 253,946 |  | Reduced −11,137 |
| [Blackstone Group Inc (BX)](/companies/bx.md) | COM | $9.9m | 4.4% | 84,271 |  | Reduced −2,450 |
| [Home Depot (HD)](/companies/hd.md) | COM | $9.8m | 4.3% | 27,828 |  | Reduced −1,379 |
| [Qualcomm Inc. (QCOM)](/companies/qcom.md) | COM | $9.7m | 4.2% | 52,272 |  | Reduced −1,185 |
| [Union Pacific Corp. (UNP)](/companies/unp.md) | COM | $9.2m | 4.0% | 33,685 |  | Unchanged |
| [Guardant Health, Inc. (GH)](/companies/gh.md) | COM | $9.0m | 4.0% | 60,310 |  | Reduced −1,163 |
| [PhenixFIN Corporation (PFX)](/companies/pfx.md) | COM | $7.5m | 3.3% | 176,569 |  | Added +1,000 |
| [American Express Co. (AXP)](/companies/axp.md) | COM | $7.2m | 3.2% | 21,311 |  | Reduced −1,192 |
| [Markel Group Inc. (MKL)](/companies/mkl.md) | COM | $5.3m | 2.3% | 2,732 |  | Reduced −43 |
| Arch Capital Group Ltd | ORD | $5.1m | 2.3% | 52,943 |  | Reduced −978 |
| [Mercadolibre Inc (MELI)](/companies/meli.md) | COM | $5.0m | 2.2% | 2,950 |  | Added +289 |
| [Alphabet Inc. Class C (GOOGL)](/companies/googl.md) | CAP STK CL C | $4.2m | 1.9% | 11,949 |  | Reduced −480 |
| [Johnson & Johnson (JNJ)](/companies/jnj.md) | COM | $4.2m | 1.8% | 16,410 |  | Reduced −686 |
| [Micron Technology, Inc. (MU)](/companies/mu.md) | COM | $4.1m | 1.8% | 3,573 |  | Reduced −62 |
| [Weyerhaeuser Co REIT (WY)](/companies/wy.md) | COM NEW | $4.1m | 1.8% | 170,530 |  | Reduced −4,052 |
| [Cisco Systems, Inc. (CSCO)](/companies/csco.md) | COM | $3.6m | 1.6% | 31,024 |  | Unchanged |
| [Berkshire Hathaway Class                  B (BRK-B)](/companies/brk-b.md) | CL B NEW | $3.6m | 1.6% | 7,203 |  | Unchanged |
| [Southern Company (SO)](/companies/so.md) | COM | $3.1m | 1.4% | 32,813 |  | Reduced −25 |
| [Franco-Nevada Corp (FNV)](/companies/fnv.md) | COM | $2.9m | 1.3% | 13,852 |  | Reduced −94 |
| [Duke Energy Corp (DUK)](/companies/duk.md) | COM NEW | $2.8m | 1.2% | 22,131 |  | Reduced −344 |
| Nu Holdings Ltd. | ORD SHS CL A | $2.2m | 1.0% | 167,075 |  | Reduced −8,800 |
| [BWX Technologies Inc (BWXT)](/companies/bwxt.md) | COM | $2.1m | 0.9% | 10,558 |  | Reduced −65 |
| [SLB (SLB)](/companies/slb.md) | COM STK | $2.0m | 0.9% | 42,464 |  | Reduced −1,430 |
| [Danaher Corp (DHR)](/companies/dhr.md) | COM | $1.8m | 0.8% | 9,662 |  | Added +798 |
| [Apple Inc. (AAPL)](/companies/aapl.md) | COM | $1.8m | 0.8% | 6,095 |  | Reduced −1,405 |
| [Boeing (BA)](/companies/ba.md) | COM | $1.6m | 0.7% | 7,550 |  | Reduced −300 |
| [Canadian National Railway Co. (CNI)](/companies/cni.md) | COM | $1.6m | 0.7% | 13,700 |  | Unchanged |
| [Saba Capital Income & Opportunities Fund (BRW)](/companies/brw.md) | SHS NEW | $1.6m | 0.7% | 248,039 |  | Added +7,367 |
| [Chevron Corp. (CVX)](/companies/cvx.md) | COM | $1.4m | 0.6% | 8,709 |  | Reduced −260 |
| [Coupang, Inc. (CPNG)](/companies/cpng.md) | CL A | $1.4m | 0.6% | 82,896 |  | Reduced −4,905 |
| [Brookfield Asset Management Ltd. (BAM)](/companies/bam.md) | CL A LMT VTG SHS | $1.3m | 0.6% | 29,990 |  | Reduced −1,481 |
| [Applied Materials (AMAT)](/companies/amat.md) | COM | $1.3m | 0.6% | 1,800 |  | Added +655 |
| WisdomTree Floating Rate Treasury Fund | FLOATNG RAT TREA | $1.1m | 0.5% | 21,395 |  | Added +11,900 |
| ExxonMobil Corp | COM | $1.1m | 0.5% | 7,855 |  | Reduced −266 |
| [Blackstone Mortgage Trust (BXMT)](/companies/bxmt.md) | COM CL A | $1.1m | 0.5% | 61,532 |  | Added +1 |
| [Texas Pacific Land Corp (TPL)](/companies/tpl.md) | COM | $1.0m | 0.5% | 2,385 |  | Added +390 |
| [British American Tobacco ADR (BTI)](/companies/bti.md) | SPONSORED ADR | $1.0m | 0.5% | 16,860 |  | Reduced −260 |
| [Landbridge Co LLC Class A (LB)](/companies/lb.md) | CL A | $1.0m | 0.4% | 12,735 |  | Added +1,450 |
| [Bristol-Myers Squibb (BMY)](/companies/bmy.md) | COM | $952.9k | 0.4% | 16,538 |  | Reduced −2,034 |
| [Eli Lilly & Company (LLY)](/companies/lly.md) | COM | $915.2k | 0.4% | 763 |  | Reduced −246 |
| [WaterBridge Infrastructure LLC (WBI)](/companies/wbi.md) | CL A SHS REPSTG | $852.5k | 0.4% | 24,875 |  | Added +250 |
| [EQT Corporation (EQT)](/companies/eqt.md) | COM | $845.1k | 0.4% | 15,895 |  | Reduced −1,775 |
| [Philip Morris International Inc. (PM)](/companies/pm.md) | COM | $828.0k | 0.4% | 4,540 |  | Added +300 |
| [Consolidated Edison (ED)](/companies/ed.md) | COM | $826.1k | 0.4% | 7,467 |  | Reduced −400 |
| [Dominion Resources, Inc (D)](/companies/d.md) | COM | $808.2k | 0.4% | 11,835 |  | Added +35 |
| [Colgate-Palmolive Co (CL)](/companies/cl.md) | COM | $807.7k | 0.4% | 8,810 |  | Unchanged |
| [Intel Corp (INTC)](/companies/intc.md) | COM | $768.0k | 0.3% | 5,500 |  | Added +1,500 |
| [Hershey Co (HSY)](/companies/hsy.md) | COM | $712.3k | 0.3% | 4,060 |  | Reduced −66 |
| [Enbridge Inc (ENB)](/companies/enb.md) | COM | $693.7k | 0.3% | 12,796 |  | Unchanged |
| Saba Closed End Funds ETF | SABA INT RATE | $670.1k | 0.3% | 26,135 |  | Unchanged |
| [Kimberly-Clark Corp (KMB)](/companies/kmb.md) | COM | $666.9k | 0.3% | 6,005 |  | Unchanged |
| Amrize Ltd | SHS | $659.5k | 0.3% | 12,380 |  | Reduced −200 |
| Brookfield Renewable  LP | PARTNERSHIP UNIT | $646.0k | 0.3% | 18,601 |  | Reduced −3,850 |
| [Option Care Health Inc (OPCH)](/companies/opch.md) | COM NEW | $603.5k | 0.3% | 28,780 |  | Reduced −1,625 |
| [Edison International (EIX)](/companies/eix.md) | COM | $595.6k | 0.3% | 8,000 |  | Unchanged |
| [PG&E Corporation (PCG)](/companies/pcg.md) | COM | $588.0k | 0.3% | 34,857 |  | Reduced −1,633 |
| [Martin Marietta Matr (MLM)](/companies/mlm.md) | COM | $585.4k | 0.3% | 1,015 |  | Unchanged |
| [BlackRock Health Sciences Term Trust (BMEZ)](/companies/bmez.md) | COM SHS | $569.2k | 0.2% | 37,080 |  | New +37,080 |
| [W. R. Berkley Corporation (WRB)](/companies/wrb.md) | COM | $558.0k | 0.2% | 7,845 |  | Reduced −1,175 |
| [Procter & Gamble (PG)](/companies/pg.md) | COM | $552.8k | 0.2% | 3,770 |  | Unchanged |
| [Enterprise Products Partners L.P. (EPD)](/companies/epd.md) | COM | $539.5k | 0.2% | 14,675 |  | Unchanged |
| [Deere & Co (DE)](/companies/de.md) | COM | $532.3k | 0.2% | 837 |  | Reduced −83 |
| [Coca-Cola Company (KO)](/companies/ko.md) | COM | $460.1k | 0.2% | 5,625 |  | Unchanged |
| [Honeywell International Inc (HON)](/companies/hon.md) | COM | $423.2k | 0.2% | 1,890 |  | New +1,890 |
| [Honeywell Aerospace Inc. (HONA)](/companies/hona.md) | COM | $417.8k | 0.2% | 1,890 |  | New +1,890 |
| Invesco S&P 500 Equal Weight Income Advantage ETF | S&P 500 EQUAL WE | $378.8k | 0.2% | 7,100 |  | Reduced −900 |
| iShares Flexible Income Active ETF | ISHARES FLEXIBLE | $366.4k | 0.2% | 7,000 |  | Reduced −300 |
| [Servicenow Inc (NOW)](/companies/now.md) | COM | $360.4k | 0.2% | 3,630 |  | New +3,630 |
| [Cohen & Steers Infrastructure Fund (UTF)](/companies/utf.md) | COM | $338.3k | 0.1% | 12,260 |  | Added +1,360 |
| [Snowflake Inc. (SNOW)](/companies/snow.md) | CL A | $329.6k | 0.1% | 1,295 |  | Unchanged |
| [Generac Holdings Inc (GNRC)](/companies/gnrc.md) | COM | $316.2k | 0.1% | 1,080 |  | Unchanged |
| [Pure Storage, Inc. (P)](/companies/p.md) | CL A | $298.2k | 0.1% | 3,785 |  | Reduced −325 |
| [Commercial Metals Co (CMC)](/companies/cmc.md) | COM | $286.5k | 0.1% | 4,565 |  | Unchanged |
| Invesco MSCI EAFE Income Advantage ETF | MSCI EAFE INCOME | $281.6k | 0.1% | 5,050 |  | Reduced −950 |
| [DoubleLine Yield Opportunities Fund (DLY)](/companies/dly.md) | COM | $277.0k | 0.1% | 19,684 |  | Unchanged |
| [VeriSign, Inc. (VRSN)](/companies/vrsn.md) | COM | $271.7k | 0.1% | 1,080 |  | New +1,080 |
| [The Williams Companies, Inc. (WMB)](/companies/wmb.md) | COM | $268.7k | 0.1% | 3,615 |  | Unchanged |
| [Curtiss Wright Corp (CW)](/companies/cw.md) | COM | $266.8k | 0.1% | 352 |  | Unchanged |
| [Raytheon Technologies Co (RTX)](/companies/rtx.md) | COM | $246.6k | 0.1% | 1,300 |  | Unchanged |
| [Amazon.com, Inc. (AMZN)](/companies/amzn.md) | COM | $239.5k | 0.1% | 1,005 |  | Added +155 |
| SPDR FTSE International Government Inflation-Protected Bond ETF | FTSE INT GVT ETF | $236.3k | 0.1% | 6,000 |  | Unchanged |
| Grab Holdings Ltd. | CLASS A ORD | $233.3k | 0.1% | 61,880 |  | Reduced −4,000 |
| [Abbvie Inc (ABBV)](/companies/abbv.md) | COM | $225.7k | <0.1% | 897 |  | Unchanged |
| [Nvidia Corp (NVDA)](/companies/nvda.md) | COM | $222.3k | <0.1% | 1,111 |  | New +1,111 |
| Vanguard Emerging Markets Government Bond ETF | EM MK GOV BD ETF | $205.1k | <0.1% | 3,050 |  | Unchanged |
| Chubb Ltd. | COM | $205.1k | <0.1% | 600 |  | New +600 |
| VanEck Green Bond ETF | GREEN BOND ETF | $199.1k | <0.1% | 8,250 |  | Unchanged |
| [Mueller Water Products, Inc. (MWA)](/companies/mwa.md) | COM SER A | $180.8k | <0.1% | 7,000 |  | Reduced −225 |
| [BlackRock Science and Technology Term Trust (BSTZ)](/companies/bstz.md) | SHS BEN INT | $180.2k | <0.1% | 6,000 |  | New +6,000 |
| [Corning Inc (GLW)](/companies/glw.md) | COM | $178.8k | <0.1% | 700 |  | New +700 |
| [Viper Energy, Inc. (VNOM)](/companies/vnom.md) | CL A | $177.2k | <0.1% | 4,180 |  | Reduced −1,500 |
| AtaiBeckley Inc | COM SHS | $167.1k | <0.1% | 31,711 |  | Added +20,738 |
| [Brookfield Renewable Corp (BEPC)](/companies/bepc.md) | CL A EX SUB VTG | $165.1k | <0.1% | 4,447 |  | Reduced −1,261 |
| Invesco Preferred ETF | PDF ETF | $158.2k | <0.1% | 14,596 |  | Unchanged |
| [Neuberger Energy Infrastructure & Income Fund (NML)](/companies/nml.md) | COM | $152.1k | <0.1% | 15,000 |  | New +15,000 |
| [Intuitive Surgical (ISRG)](/companies/isrg.md) | COM NEW | $149.1k | <0.1% | 375 |  | Unchanged |
| [Costco Wholesale Co (COST)](/companies/cost.md) | COM | $121.6k | <0.1% | 130 |  | Reduced −5 |
| [Obsidian Energy Ltd. (OBE)](/companies/obe.md) | COM | $81.3k | <0.1% | 10,000 |  | New +10,000 |
| [Opendoor Technologies Inc. (OPEN)](/companies/open.md) | COM | $60.1k | <0.1% | 13,000 |  | New +13,000 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| Honeywell International Inc. | COM | $0 | 0.0% | 0 |  | Sold out −3,626 |
| iShares 0-5 Year Investment Grade Corporate Bond ETF | 0-5YR INVT GR CP | $0 | 0.0% | 0 |  | Sold out −6,600 |
| iShares 0-5 Year TIPS Bond ETF | 0-5 YR TIPS ETF | $0 | 0.0% | 0 |  | Sold out −1,000 |
| JPMorgan Equity Premium Income ETF | EQUITY PREMIUM | $0 | 0.0% | 0 |  | Sold out −3,000 |
| [Loews Corp (L)](/companies/l.md) | COM | $0 | 0.0% | 0 |  | Sold out −1,700 |
| [TIC Solutions, Inc. (TIC)](/companies/tic.md) | COM | $0 | 0.0% | 0 |  | Sold out −2,000 |

Source: SEC EDGAR, Form 13F-HR, accession 0001698926-26-000003. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.