Adalta Capital Management LLC

13F filer · CIK 0001698926

Reported Aug 14, 2026

Net seller this quarter

13F portfolio value$228MU.S. long equity reported on 13F

Positions9510 new · 2 closed

Net flow last quarter-$2.26MBuys minus sells

Top 10 positions weight49.3%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 14, 202695 positions
JPMJPMorgan Chase & Co	$15.4M	6.77%	0.00%	-1.1%	Q1 2017
MSFTMicrosoft Corp	$14.3M	6.29%	0.00%	-2.7%	Q1 2017
GOOGLAlphabet Inc.	$13M	5.69%	0.00%	-5.6%	Q1 2017
MRKMerck & Co., Inc.	$11.2M	4.94%	0.00%	-1.8%	Q1 2017
BNBROOKFIELD Corp	$10.8M	4.75%	Not reported	-4.2%	Q4 2022
BXBlackstone Inc.	$9.92M	4.35%	0.01%	-2.8%	Q1 2017
HDHome Depot, Inc.	$9.81M	4.31%	0.00%	-4.7%	Q1 2017
QCOMQualcomm Inc	$9.66M	4.24%	0.00%	-2.2%	Q1 2017
UNPUnion Pacific Corp	$9.16M	4.02%	0.01%	Not reported	Q1 2017
GHGuardant Health, Inc.	$9.05M	3.97%	0.05%	-1.9%	Q2 2019
PFXPhenixFIN Corp	$7.51M	3.30%	9.14%	+0.6%	Q2 2021
AXPAmerican Express Co	$7.21M	3.16%	0.00%	-5.3%	Q1 2017
MKLMarkel Group Inc.	$5.34M	2.34%	0.02%	-1.6%	Q1 2017
ACGLArch Capital Group Ltd.	$5.14M	2.26%	0.02%	-1.8%	Q1 2017
MELIMercadolibre Inc	$5.01M	2.20%	0.01%	+10.9%	Q2 2023
GOOGAlphabet Inc.	$4.22M	1.85%	Not reported	-3.9%	Q1 2017
JNJJohnson & Johnson	$4.17M	1.83%	0.00%	-4.0%	Q1 2017
MUMicron Technology Inc	$4.12M	1.81%	0.00%	-1.7%	Q3 2025
WYWeyerhaeuser Co	$4.08M	1.79%	0.02%	-2.3%	Q1 2017
CSCOCisco Systems, Inc.	$3.64M	1.60%	0.00%	Not reported	Q1 2017
BRK.BBerkshire Hathaway Inc	$3.6M	1.58%	Not reported	Not reported	Q1 2021
SOSouthern Co	$3.14M	1.38%	0.00%	-0.1%	Q4 2021
FNVFRANCO NEVADA Corp	$2.89M	1.27%	0.01%	-0.7%	Q1 2022
DUKDuke Energy CORP	$2.8M	1.23%	0.00%	-1.5%	Q1 2021
NUNu Holdings Ltd.	$2.23M	0.98%	Not reported	-5.0%	Q4 2023
BWXTBWX Technologies, Inc.	$2.06M	0.90%	0.01%	-0.6%	Q3 2023
SLBSLB Limited	$1.99M	0.87%	0.00%	-3.3%	Q1 2017
DHRDanaher Corp	$1.84M	0.81%	0.00%	+9.0%	Q2 2024
AAPLApple Inc.	$1.76M	0.77%	0.00%	-18.7%	Q1 2017
BABoeing Co	$1.63M	0.72%	0.00%	-3.8%	Q4 2017
CNICanadian National Railway Co	$1.63M	0.72%	0.00%	Not reported	Q1 2017
BRWSaba Capital Income & Opportunities Fund	$1.63M	0.72%	Not reported	+3.1%	Q2 2023
CVXChevron Corp	$1.44M	0.63%	0.00%	-2.9%	Q1 2017
CPNGCoupang, Inc.	$1.44M	0.63%	Not reported	-5.6%	Q1 2021
BAMBrookfield Asset Management Ltd.	$1.35M	0.59%	Not reported	-4.7%	Q1 2017
AMATApplied Materials Inc	$1.3M	0.57%	0.00%	+57.2%	Q1 2021
XOMExxonMobil Holdings Corp	$1.07M	0.47%	0.00%	-3.3%	Q1 2017
BXMTBlackstone Mortgage Trust, Inc.	$1.07M	0.47%	0.04%	0.0%	Q4 2018
TPLTexas Pacific Land Corp	$1.04M	0.46%	0.00%	+19.6%	Q4 2025
BTIBritish American Tobacco p.l.c.	$1.04M	0.46%	0.00%	-1.5%	Q1 2025
LBLandBridge Co LLC	$1.01M	0.44%	0.05%	+12.9%	Q1 2026
BMYBristol Myers Squibb Co	$953K	0.42%	0.00%	-11.0%	Q1 2017
LLYELI LILLY & Co	$915K	0.40%	0.00%	-24.4%	Q2 2023
WBIWaterBridge Infrastructure LLC	$852K	0.37%	Not reported	+1.0%	Q1 2026
EQTEQT Corp	$845K	0.37%	0.00%	-10.1%	Q1 2022
PMPhilip Morris International Inc.	$828K	0.36%	0.00%	+7.1%	Q1 2017
EDConsolidated Edison Inc	$826K	0.36%	0.00%	-5.1%	Q1 2017
DDominion Energy, Inc	$808K	0.35%	0.00%	+0.3%	Q4 2021
CLColgate Palmolive Co	$808K	0.35%	0.00%	Not reported	Q1 2017
INTCIntel Corp	$768K	0.34%	0.00%	+37.5%	Q1 2022

Q1 2026Reported May 18, 202686 positions
MSFTMicrosoft Corp	$14.6M	6.99%	0.00%	-12.7%	Q1 2017
JPMJPMorgan Chase & Co	$14M	6.70%	0.00%	-0.2%	Q1 2017
GOOGLAlphabet Inc.	$11M	5.28%	0.00%	-11.2%	Q1 2017
MRKMerck & Co., Inc.	$10.7M	5.13%	0.00%	-1.1%	Q1 2017
BNBROOKFIELD Corp	$10.7M	5.13%	Not reported	-0.5%	Q4 2022
BXBlackstone Inc.	$9.97M	4.77%	0.01%	-0.8%	Q1 2017
HDHome Depot, Inc.	$9.61M	4.59%	0.00%	0.0%	Q1 2017
UNPUnion Pacific Corp	$8.17M	3.91%	0.01%	Not reported	Q1 2017
QCOMQualcomm Inc	$6.88M	3.29%	0.01%	-4.4%	Q1 2017
PFXPhenixFIN Corp	$6.86M	3.28%	9.08%	Not reported	Q2 2021
AXPAmerican Express Co	$6.81M	3.26%	0.00%	-3.2%	Q1 2017
GHGuardant Health, Inc.	$5.68M	2.72%	0.05%	-2.9%	Q2 2019
MKLMarkel Group Inc.	$5.31M	2.54%	0.02%	+1.6%	Q1 2017
ACGLArch Capital Group Ltd.	$5.18M	2.48%	0.02%	-2.0%	Q1 2017
MELIMercadolibre Inc	$4.6M	2.20%	0.01%	+24.8%	Q2 2023
WYWeyerhaeuser Co	$4.27M	2.04%	0.02%	+4.2%	Q1 2017
JNJJohnson & Johnson	$4.18M	2.00%	0.00%	-0.7%	Q1 2017
GOOGAlphabet Inc.	$3.57M	1.71%	Not reported	+2.9%	Q1 2017
BRK.BBerkshire Hathaway Inc	$3.45M	1.65%	Not reported	+0.1%	Q1 2021
FNVFRANCO NEVADA Corp	$3.45M	1.65%	0.01%	+1.4%	Q1 2022
SOSouthern Co	$3.17M	1.52%	0.00%	Not reported	Q4 2021
DUKDuke Energy CORP	$2.94M	1.41%	0.00%	+1.1%	Q1 2021
NUNu Holdings Ltd.	$2.53M	1.21%	Not reported	-4.0%	Q4 2023
CSCOCisco Systems, Inc.	$2.41M	1.15%	0.00%	Not reported	Q1 2017
SLBSLB Limited	$2.27M	1.09%	0.00%	+21.3%	Q1 2017
BWXTBWX Technologies, Inc.	$2.17M	1.04%	0.01%	+1.3%	Q3 2023
AAPLApple Inc.	$1.9M	0.91%	0.00%	-2.6%	Q1 2017
CVXChevron Corp	$1.86M	0.89%	0.00%	Not reported	Q1 2017
DHRDanaher Corp	$1.68M	0.81%	0.00%	+4.0%	Q2 2024
CPNGCoupang, Inc.	$1.66M	0.79%	Not reported	+1.5%	Q1 2021
BRWSaba Capital Income & Opportunities Fund	$1.62M	0.78%	Not reported	+6.6%	Q2 2023
BABoeing Co	$1.56M	0.75%	0.00%	-1.3%	Q4 2017
CNICanadian National Railway Co	$1.41M	0.67%	0.00%	Not reported	Q1 2017
BAMBrookfield Asset Management Ltd.	$1.4M	0.67%	Not reported	-25.4%	Q1 2017
XOMExxonMobil Holdings Corp	$1.38M	0.66%	0.00%	Not reported	Q1 2017
MUMicron Technology Inc	$1.23M	0.59%	0.00%	+384.7%	Q3 2025
BXMTBlackstone Mortgage Trust, Inc.	$1.21M	0.58%	0.04%	-1.3%	Q4 2018
BMYBristol Myers Squibb Co	$1.13M	0.54%	0.00%	-0.3%	Q1 2017
EQTEQT Corp	$1.12M	0.54%	0.00%	+26.9%	Q1 2022
BTIBritish American Tobacco p.l.c.	$1.02M	0.49%	0.00%	+10.3%	Q1 2025
TPLTexas Pacific Land Corp	$947K	0.45%	0.00%	+50.6%	Q4 2025
LLYELI LILLY & Co	$928K	0.44%	0.00%	+22.2%	Q2 2023
EDConsolidated Edison Inc	$890K	0.43%	0.00%	-1.3%	Q1 2017
HSYHershey Co	$858K	0.41%	0.00%	+27.7%	Q2 2024
HONHoneywell International Inc	$820K	0.39%	0.00%	+125.1%	Q1 2017
OPCHOption Care Health, Inc.	$819K	0.39%	0.02%	+45.6%	Q4 2025
LBLandBridge Co LLC	$779K	0.37%	0.05%	New	Q1 2026
CLColgate Palmolive Co	$751K	0.36%	0.00%	Not reported	Q1 2017
BEPBrookfield Renewable Partners L.P.	$734K	0.35%	0.01%	Not reported	Q3 2018
DDominion Energy, Inc	$729K	0.35%	0.00%	+0.9%	Q4 2021

Q4 2025Reported Feb 17, 202678 positions
MSFTMicrosoft Corp	$21.9M	9.76%	0.00%	-0.7%	Q1 2017
JPMJPMorgan Chase & Co	$15.4M	6.86%	0.00%	-1.1%	Q1 2017
GOOGLAlphabet Inc.	$13.5M	6.04%	0.00%	-1.7%	Q1 2017
BXBlackstone Inc.	$13.5M	6.01%	0.01%	+0.8%	Q1 2017
BNBROOKFIELD Corp	$12.2M	5.46%	Not reported	+2.6%	Q4 2022
HDHome Depot, Inc.	$10.1M	4.49%	0.00%	-0.1%	Q1 2017
QCOMQualcomm Inc	$9.56M	4.27%	0.01%	+0.7%	Q1 2017
MRKMerck & Co., Inc.	$9.51M	4.24%	0.00%	-0.7%	Q1 2017
AXPAmerican Express Co	$8.6M	3.84%	0.00%	-0.7%	Q1 2017
PFXPhenixFIN Corp	$7.84M	3.50%	8.78%	+1.5%	Q2 2021
UNPUnion Pacific Corp	$7.79M	3.48%	0.01%	-0.1%	Q1 2017
GHGuardant Health, Inc.	$6.46M	2.89%	0.05%	Not reported	Q2 2019
MKLMarkel Group Inc.	$5.87M	2.62%	0.02%	Not reported	Q1 2017
ACGLArch Capital Group Ltd.	$5.28M	2.36%	0.02%	+4.0%	Q1 2017
MELIMercadolibre Inc	$4.29M	1.92%	0.00%	-1.6%	Q2 2023
WYWeyerhaeuser Co	$3.97M	1.77%	0.02%	-7.3%	Q1 2017
GOOGAlphabet Inc.	$3.79M	1.69%	Not reported	-1.0%	Q1 2017
BRK.BBerkshire Hathaway Inc	$3.62M	1.61%	Not reported	+16.2%	Q1 2021
JNJJohnson & Johnson	$3.56M	1.59%	0.00%	-0.1%	Q1 2017
NUNu Holdings Ltd.	$3.07M	1.37%	Not reported	+2.2%	Q4 2023
SOSouthern Co	$2.86M	1.28%	0.00%	Not reported	Q4 2021
FNVFRANCO NEVADA Corp	$2.85M	1.27%	0.01%	-2.8%	Q1 2022
DUKDuke Energy CORP	$2.6M	1.16%	0.00%	Not reported	Q1 2021
CSCOCisco Systems, Inc.	$2.39M	1.07%	0.00%	Not reported	Q1 2017
BAMBrookfield Asset Management Ltd.	$2.21M	0.99%	Not reported	-1.1%	Q1 2017
AAPLApple Inc.	$2.09M	0.93%	0.00%	-4.6%	Q1 2017
CPNGCoupang, Inc.	$2.04M	0.91%	Not reported	+2.4%	Q1 2021
DHRDanaher Corp	$1.95M	0.87%	0.00%	-3.2%	Q2 2024
BWXTBWX Technologies, Inc.	$1.81M	0.81%	0.01%	-14.1%	Q3 2023
BABoeing Co	$1.73M	0.77%	0.00%	-0.6%	Q4 2017
BRWSaba Capital Income & Opportunities Fund	$1.58M	0.71%	Not reported	+27.2%	Q2 2023
SLBSLB Limited	$1.4M	0.62%	0.00%	Not reported	Q1 2017
CVXChevron Corp	$1.37M	0.61%	0.00%	Not reported	Q1 2017
CNICanadian National Railway Co	$1.35M	0.60%	0.00%	-11.3%	Q1 2017
BXMTBlackstone Mortgage Trust, Inc.	$1.22M	0.55%	0.04%	0.0%	Q4 2018
BMYBristol Myers Squibb Co	$1M	0.45%	0.00%	Not reported	Q1 2017
XOMExxonMobil Holdings Corp	$977K	0.44%	0.00%	Not reported	Q1 2017
BTIBritish American Tobacco p.l.c.	$891K	0.40%	0.00%	+39.7%	Q1 2025
WRBBerkley W R Corp	$891K	0.40%	0.00%	+5.1%	Q1 2025
LLYELI LILLY & Co	$888K	0.40%	0.00%	+17.5%	Q2 2023
EDConsolidated Edison Inc	$791K	0.35%	0.00%	Not reported	Q1 2017
EQTEQT Corp	$746K	0.33%	0.00%	+23.2%	Q1 2022
CLColgate Palmolive Co	$696K	0.31%	0.00%	-1.1%	Q1 2017
PMPhilip Morris International Inc.	$686K	0.31%	0.00%	Not reported	Q1 2017
DDominion Energy, Inc	$686K	0.31%	0.00%	Not reported	Q4 2021
OPCHOption Care Health, Inc.	$665K	0.30%	0.01%	New	Q4 2025
MLMMartin Marietta Materials Inc	$632K	0.28%	0.00%	Not reported	Q1 2017
KMBKimberly Clark Corp	$613K	0.27%	0.00%	+497.5%	Q1 2021
ENBEnbridge Inc	$612K	0.27%	0.00%	Not reported	Q1 2017
BEPBrookfield Renewable Partners L.P.	$606K	0.27%	0.01%	Not reported	Q3 2018

Q3 2025Reported Nov 17, 202595 positions
MSFTMicrosoft Corp	$23.6M	10.71%	0.00%	-0.2%	Q1 2017
JPMJPMorgan Chase & Co	$15.2M	6.90%	0.00%	Not reported	Q1 2017
BXBlackstone Inc.	$14.8M	6.73%	0.01%	-3.7%	Q1 2017
BNBROOKFIELD Corp	$11.9M	5.39%	Not reported	+0.7%	Q4 2022
HDHome Depot, Inc.	$11.8M	5.38%	0.00%	Not reported	Q1 2017
GOOGLAlphabet Inc.	$10.7M	4.85%	0.00%	+0.5%	Q1 2017
QCOMQualcomm Inc	$9.23M	4.19%	0.01%	-0.1%	Q1 2017
PFXPhenixFIN Corp	$8.21M	3.73%	8.63%	+1.8%	Q2 2021
UNPUnion Pacific Corp	$7.97M	3.62%	0.01%	Not reported	Q1 2017
AXPAmerican Express Co	$7.77M	3.53%	0.00%	-0.2%	Q1 2017
MRKMerck & Co., Inc.	$7.64M	3.47%	0.00%	Not reported	Q1 2017
MKLMarkel Group Inc.	$5.22M	2.37%	0.02%	+3.4%	Q1 2017
MELIMercadolibre Inc	$5.06M	2.30%	0.00%	+6.1%	Q2 2023
ACGLArch Capital Group Ltd.	$4.8M	2.18%	0.01%	+3.8%	Q1 2017
WYWeyerhaeuser Co	$4.48M	2.03%	0.03%	-0.1%	Q1 2017
GHGuardant Health, Inc.	$3.95M	1.80%	0.05%	-0.1%	Q2 2019
JNJJohnson & Johnson	$3.2M	1.45%	0.00%	-5.5%	Q1 2017
FNVFRANCO NEVADA Corp	$3.16M	1.43%	0.01%	+10.5%	Q1 2022
BRK.BBerkshire Hathaway Inc	$3.11M	1.41%	Not reported	Not reported	Q1 2021
SOSouthern Co	$3.11M	1.41%	0.00%	+0.1%	Q4 2021
GOOGAlphabet Inc.	$2.97M	1.35%	Not reported	Not reported	Q1 2017
NUNu Holdings Ltd.	$2.87M	1.30%	Not reported	+36.5%	Q4 2023
DUKDuke Energy CORP	$2.75M	1.25%	0.00%	+7.4%	Q1 2021
CPNGCoupang, Inc.	$2.72M	1.23%	Not reported	+4.9%	Q1 2021
BAMBrookfield Asset Management Ltd.	$2.43M	1.10%	Not reported	-0.2%	Q1 2017
BWXTBWX Technologies, Inc.	$2.25M	1.02%	0.01%	+3.7%	Q3 2023
CSCOCisco Systems, Inc.	$2.12M	0.96%	0.00%	Not reported	Q1 2017
AAPLApple Inc.	$2.06M	0.93%	0.00%	+59.1%	Q1 2017
DHRDanaher Corp	$1.75M	0.79%	0.00%	-0.2%	Q2 2024
BABoeing Co	$1.73M	0.78%	0.00%	-3.6%	Q4 2017
CNICanadian National Railway Co	$1.46M	0.66%	0.00%	Not reported	Q1 2017
CVXChevron Corp	$1.39M	0.63%	0.00%	-1.1%	Q1 2017
BRWSaba Capital Income & Opportunities Fund	$1.38M	0.63%	Not reported	+86.5%	Q2 2023
SLBSLB Limited	$1.25M	0.57%	0.00%	-0.1%	Q1 2017
BXMTBlackstone Mortgage Trust, Inc.	$1.18M	0.53%	0.04%	-0.1%	Q4 2018
WRBBerkley W R Corp	$926K	0.42%	0.00%	+47.9%	Q1 2025
XOMExxonMobil Holdings Corp	$916K	0.42%	0.00%	Not reported	Q1 2017
BMYBristol Myers Squibb Co	$840K	0.38%	0.00%	-0.8%	Q1 2017
APPAppLovin Corp	$805K	0.37%	0.00%	New	Q3 2025
EDConsolidated Edison Inc	$801K	0.36%	0.00%	Not reported	Q1 2017
DDominion Energy, Inc	$716K	0.32%	0.00%	Not reported	Q4 2021
CLColgate Palmolive Co	$712K	0.32%	0.00%	Not reported	Q1 2017
PMPhilip Morris International Inc.	$688K	0.31%	0.00%	Not reported	Q1 2017
ENBEnbridge Inc	$646K	0.29%	0.00%	Not reported	Q1 2017
MLMMartin Marietta Materials Inc	$640K	0.29%	0.00%	Not reported	Q1 2017
HSYHershey Co	$639K	0.29%	0.00%	+18.2%	Q2 2024
EQTEQT Corp	$615K	0.28%	0.00%	+71.2%	Q1 2022
GRABGrab Holdings Ltd	$607K	0.28%	Not reported	+2.2%	Q1 2022
BTIBritish American Tobacco p.l.c.	$590K	0.27%	0.00%	-4.0%	Q1 2025
PGPROCTER & GAMBLE Co	$582K	0.26%	0.00%	Not reported	Q1 2017

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