Adalta Capital Management LLC
Adalta Capital Management LLC reported 103 US-listed holdings worth $227.8 million in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: JPMorgan Chase & Co. (6.8%), Microsoft Corp. (6.3%) and Alphabet Inc. (5.7%). Against the quarter before, it opened 11 positions, added to 15, trimmed 49 and sold out of 5.
Reported holdings$227.8M+9.0% on Q1 2026
Positions103+6 on Q1 2026
The largest ten49.3%of its reported holdings
Latest 13FQ2 2026filed 14 August 2026
Added toHeldTrimmed
The 14 largest of its 103 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +14.3% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.
Its reported holdingsThe S&P 500
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Opened 11Added 15Held 28Trimmed 49Sold out 5
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 11
- BlackRock Health Sciences Te BMEZ$569,178
- Honeywell Aerospace Inc. HONA$417,841
- ServiceNow, Inc. NOW$360,386
- Verisign Inc. VRSN$271,685
- NVIDIA Corp. NVDA$222,300
- Chubb Ltd. CB$205,056
- BlackRock Science & Technolo BSTZ$180,180
- Corning Inc. GLW$178,801
and 3 more in the table below
Added to 15
- Wisdomtree Trust USFR+11,900 shares · +125%
- MercadoLibre, Inc. MELI+289 shares · +11%
- Applied Materials Inc. AMAT+655 shares · +57%
- Intel Corp. INTC+1,500 shares · +38%
- Texas Pacific Land Corp. TPL+390 shares · +20%
- Danaher Corp. DHR+798 shares · +9%
- Landbridge Company LLC LB+1,450 shares · +13%
- Atai Beckley NV ATAI+20,738 shares · +189%
and 7 more in the table below
Trimmed 49
- Alphabet Inc. GOOGL-2,140 shares · -6%
- Home Depot, Inc. HD-1,379 shares · -5%
- Brookfield Corporation BN-11,137 shares · -4%
- Apple Inc. AAPL-1,405 shares · -19%
- American Express Co. AXP-1,192 shares · -5%
- Microsoft Corp. MSFT-1,050 shares · -3%
- Honeywell International Inc. HON-1,736 shares · -48%
- Eli Lilly & Co. LLY-246 shares · -24%
and 41 more in the table below
Sold out of 5
- iShares Trust SLQD$333,234 last quarter
- Loews Corp. L$181,458 last quarter
- J P Morgan Exchange Traded F JEPI$170,040 last quarter
- iShares Trust STIP$103,430 last quarter
- TIC Solutions, Inc. TIC$13,160 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| JPMorgan Chase & Co. JPM | 47.1K | $15.4 million | 6.77% | -527 |
| Microsoft Corp. MSFT | 38.4K | $14.3 million | 6.29% | -1.1K |
| Alphabet Inc. GOOGL | 36.3K | $13.0 million | 5.69% | -2.1K |
| Merck & Co., Inc. MRK | 87.0K | $11.2 million | 4.94% | -1.6K |
| Brookfield Corporation BN | 253.9K | $10.8 million | 4.75% | -11.1K |
| Blackstone Inc. BX | 84.3K | $9.9 million | 4.35% | -2.5K |
| Home Depot, Inc. HD | 27.8K | $9.8 million | 4.31% | -1.4K |
| Qualcomm Inc. QCOM | 52.3K | $9.7 million | 4.24% | -1.2K |
| Union Pacific Corp. UNP | 33.7K | $9.2 million | 4.02% | no change |
| Guardant Health, Inc. GH | 60.3K | $9.0 million | 3.97% | -1.2K |
| Phenixfin Corp. PFX | 176.6K | $7.5 million | 3.30% | +1.0K |
| American Express Co. AXP | 21.3K | $7.2 million | 3.16% | -1.2K |
| Markel Group Inc. MKL | 2.7K | $5.3 million | 2.34% | -43 |
| Arch Capital Group Ltd. ACGL | 52.9K | $5.1 million | 2.26% | -978 |
| MercadoLibre, Inc. MELI | 3.0K | $5.0 million | 2.20% | +289 |
| Alphabet Inc. GOOG | 11.9K | $4.2 million | 1.85% | -480 |
| Johnson & Johnson JNJ | 16.4K | $4.2 million | 1.83% | -686 |
| Micron Technology Inc. MU | 3.6K | $4.1 million | 1.81% | -62 |
| Weyerhaeuser Co. WY | 170.5K | $4.1 million | 1.79% | -4.1K |
| Cisco Systems, Inc. CSCO | 31.0K | $3.6 million | 1.60% | no change |
| Berkshire Hathaway Inc. Class B BRKB | 7.2K | $3.6 million | 1.58% | no change |
| Southern Co. SO | 32.8K | $3.1 million | 1.38% | -25 |
| Franco Nev Corp. FNV | 13.9K | $2.9 million | 1.27% | -94 |
| Duke Energy Corp. DUK | 22.1K | $2.8 million | 1.23% | -344 |
| Nu Holdings Ltd. NU | 167.1K | $2.2 million | 0.98% | -8.8K |
| BWX Technologies, Inc. BWXT | 10.6K | $2.1 million | 0.90% | -65 |
| SLB Limited SLB | 42.5K | $2.0 million | 0.87% | -1.4K |
| Danaher Corp. DHR | 9.7K | $1.8 million | 0.81% | +798 |
| Apple Inc. AAPL | 6.1K | $1.8 million | 0.77% | -1.4K |
| Boeing Co. BA | 7.5K | $1.6 million | 0.72% | -300 |
| Canadian Natl Ry Co. CNI | 13.7K | $1.6 million | 0.72% | no change |
| Saba Capital Management LP BRW | 248.0K | $1.6 million | 0.72% | +7.4K |
| Chevron Corp. CVX | 8.7K | $1.4 million | 0.63% | -260 |
| Coupang, Inc. CPNG | 82.9K | $1.4 million | 0.63% | -4.9K |
| Brookfield Asset Management Ltd. BAM | 30.0K | $1.3 million | 0.59% | -1.5K |
| Applied Materials Inc. AMAT | 1.8K | $1.3 million | 0.57% | +655 |
| Wisdomtree Trust USFR | 21.4K | $1.1 million | 0.47% | +11.9K |
| ExxonMobil Holdings Corp. XOM | 7.9K | $1.1 million | 0.47% | -266 |
| Blackstone MTG Trust Inc. BXMT | 61.5K | $1.1 million | 0.47% | +1 |
| Texas Pacific Land Corp. TPL | 2.4K | $1.0 million | 0.46% | +390 |
| British American Tobacco p.l.c. BTI | 16.9K | $1.0 million | 0.46% | -260 |
| Landbridge Company LLC LB | 12.7K | $1.0 million | 0.44% | +1.4K |
| Bristol-Myers Squibb Co. BMY | 16.5K | $952,920 | 0.42% | -2.0K |
| Eli Lilly & Co. LLY | 763 | $915,165 | 0.40% | -246 |
| WaterBridge Infrastructure LLC WBI | 24.9K | $852,466 | 0.37% | +250 |
| EQT Corp. EQT | 15.9K | $845,137 | 0.37% | -1.8K |
| Philip Morris International Inc. PM | 4.5K | $828,005 | 0.36% | +300 |
| Consolidated Edison Inc. ED | 7.5K | $826,074 | 0.36% | -400 |
| Dominion Energy, Inc. D | 11.8K | $808,212 | 0.35% | +35 |
| Colgate-Palmolive Co. CL | 8.8K | $807,701 | 0.35% | no change |
| Intel Corp. INTC | 5.5K | $767,965 | 0.34% | +1.5K |
| Hershey Co. HSY | 4.1K | $712,327 | 0.31% | -66 |
| Enbridge Inc. ENB | 12.8K | $693,671 | 0.30% | no change |
| Exchange Listed FDS Trust CEFS | 26.1K | $670,101 | 0.29% | no change |
| Kimberly Clark Corp. KMB | 6.0K | $666,855 | 0.29% | no change |
| Amrize Ltd. AMRZ | 12.4K | $659,533 | 0.29% | -200 |
| Brookfield Renewable Partner BEP | 18.6K | $646,013 | 0.28% | -3.9K |
| Option Care Health, Inc. OPCH | 28.8K | $603,517 | 0.26% | -1.6K |
| Edison International EIX | 8.0K | $595,600 | 0.26% | no change |
| Pg&E Corp. PCG | 34.9K | $588,038 | 0.26% | -1.6K |
| Martin Marietta Materials Inc. MLM | 1.0K | $585,351 | 0.26% | no change |
| BlackRock Health Sciences Te BMEZ | 37.1K | $569,178 | 0.25% | new |
| W. R. Berkley Corp. WRB | 7.8K | $558,015 | 0.24% | -1.2K |
| Procter & Gamble Co. PG | 3.8K | $552,833 | 0.24% | no change |
| Enterprise Products Partners L.P. EPD | 14.7K | $539,453 | 0.24% | no change |
| Deere & Co. DE | 837 | $532,290 | 0.23% | -83 |
| Coca-Cola Co. KO | 5.6K | $460,125 | 0.20% | no change |
| Honeywell International Inc. HON | 1.9K | $423,171 | 0.19% | -1.7K |
| Honeywell Aerospace Inc. HONA | 1.9K | $417,841 | 0.18% | new |
| Invesco Actively Managed Exc RSPA | 7.1K | $378,785 | 0.17% | -900 |
| BlackRock ETF Trust II BINC | 7.0K | $366,380 | 0.16% | -300 |
| ServiceNow, Inc. NOW | 3.6K | $360,386 | 0.16% | new |
| Cohen & Steers Funds/Closed-en UTF | 12.3K | $338,253 | 0.15% | +1.4K |
| Snowflake Inc. SNOW | 1.3K | $329,578 | 0.14% | no change |
| Generac Holdings Inc. GNRC | 1.1K | $316,235 | 0.14% | no change |
| Everpure, Inc. P | 3.8K | $298,220 | 0.13% | -325 |
| Commercial Metals Co. CMC | 4.6K | $286,454 | 0.13% | no change |
| Invesco Actively Managed Exc EFAA | 5.0K | $281,588 | 0.12% | -950 |
| Doubleline Yield Opportuniti DLY | 19.7K | $276,954 | 0.12% | no change |
| Verisign Inc. VRSN | 1.1K | $271,685 | 0.12% | new |
| Williams Companies, Inc. WMB | 3.6K | $268,739 | 0.12% | no change |
| Curtiss Wright Corp. CW | 352 | $266,823 | 0.12% | no change |
| RTX Corp. RTX | 1.3K | $246,649 | 0.11% | no change |
| Amazon.com Inc. AMZN | 1.0K | $239,532 | 0.11% | +155 |
| SPDR Ftse International Government Inflation-Protected Bond ETF WIP | 6.0K | $236,340 | 0.10% | no change |
| Grab Holdings Limited GRAB | 61.9K | $233,288 | 0.10% | -4.0K |
| AbbVie Inc. ABBV | 897 | $225,721 | 0.10% | no change |
| NVIDIA Corp. NVDA | 1.1K | $222,300 | 0.10% | new |
| Vanguard Whitehall FDS VWOB | 3.0K | $205,082 | 0.09% | no change |
| Chubb Ltd. CB | 600 | $205,056 | 0.09% | new |
| Vaneck ETF Trust GRNB | 8.2K | $199,114 | 0.09% | no change |
| Mueller Water Products, Inc. MWA | 7.0K | $180,810 | 0.08% | -225 |
| BlackRock Science & Technolo BSTZ | 6.0K | $180,180 | 0.08% | new |
| Corning Inc. GLW | 700 | $178,801 | 0.08% | new |
| Viper Energy, Inc. VNOM | 4.2K | $177,232 | 0.08% | -1.5K |
| Atai Beckley NV ATAI | 31.7K | $167,117 | 0.07% | +20.7K |
| Brookfield Renewable Corp. Class A Ex Sub VTG BEPC | 4.4K | $165,073 | 0.07% | -1.3K |
| Invesco Exch Traded FD Trust II PGX | 14.6K | $158,221 | 0.07% | no change |
| Neuberger Berman Energy Infr NML | 15.0K | $152,100 | 0.07% | new |
| Intuitive Surgical Inc. ISRG | 375 | $149,130 | 0.07% | no change |
| Costco Wholesale Corp. COST | 130 | $121,611 | 0.05% | -5 |
| Obsidian Energy OBE | 10.0K | $81,300 | 0.04% | new |
| Opendoor Technologies Inc. OPEN | 13.0K | $60,060 | 0.03% | new |
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.