Arkolith/Funds/Adalta Capital Management LLC

Adalta Capital Management LLC

CIK 1698926
Holdings as of Mar 31, 2026·disclosed May 18, 2026·~48-day 13F lag·13F-HR
Active Filer

Adalta Capital Management LLC holds a focused book of 95 stocks worth $209.1M as of Q1 2026 (disclosed May 18, 2026, a ~45-day 13F lag). This quarter they opened LANDBRIDGE CO LLC-A and trimmed Alphabet Inc. Class A. Their largest long position is Alphabet Inc. Class A at 7% of the equity book.

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holdings, largest changes, and filing provenance.
Opened
7
new positions
Added to
27
existing
Trimmed
31
reduced
Sold out
3
exited

Concentration

Top-heavy: focused book

Top 5 holdings
31%
Top 10 holdings
51%
Top 20 holdings
73%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

32% mapped to company sectors

ETF / fund or unclassified
68%
Financials
10%
Health Care
8%
Industrials
4%
Communication Services
3%
Materials
2%
Real Estate
2%
Energy
1%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited
  • Microsoft Corporation
    −13%$2.1M
  • Alphabet Inc. Class A
    −8.1%$1.3M
  • Brookfield Asset Management Ltd.
    −25%$476K
  • SPDR FTSE International Government Inflation-Protected Bond ETF
    −59%$338K
  • WisdomTree Floating Rate Treasury Fund
    −41%$327K
  • −75%$316K

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

97 positions
#SecurityValueShares% PortLast moveHistory
1Microsoft Corporation
COM
$14.6M39.5K
7.0%
−13%
Reduced · −6K sh
2JPMorgan Chase & Co
COM
$14.0M47.6K
6.7%
−0.1%
Reduced · −70 sh
3Alphabet Inc. Class A
CAP STK CL A
$11.0M38.4K
5.3%
−11%
Reduced · −5K sh
4Merck & Co. Inc.
COM
$10.7M88.6K
5.1%
−1.1%
Reduced · −989 sh
5Brookfield Corp F Class A
CL A LTD VT SH
$10.7M265.1K
5.1%
−0.5%
Reduced · −1K sh
6Blackstone Group Inc
COM
$10.0M86.7K
4.8%
−0.8%
Reduced · −670 sh
7Home Depot
COM
$9.6M29.2K
4.6%
~0%
Reduced · −10 sh
8Union Pacific Corp.
COM
$8.2M33.7K
3.9%
Held
9Qualcomm Inc.
COM
$6.9M53.5K
3.3%
−4.4%
Reduced · −2K sh
10PhenixFIN Corporation
COM
$6.9M175.6K
3.3%
Held
11American Express Co.
COM
$6.8M22.5K
3.3%
−3.2%
Reduced · −740 sh
12Guardant Health, Inc.
COM
$5.7M61.5K
2.7%
−2.9%
Reduced · −2K sh
13Markel Group Inc.
COM
$5.3M2.8K
2.5%
+1.6%
Added · +43 sh
14Arch Capital Group Ltd
ORD
$5.2M53.9K
2.5%
−2.0%
Reduced · −1K sh
15Mercadolibre Inc
COM
$4.6M2.7K
2.2%
+25%
Added · +529 sh
16Weyerhaeuser Co REIT
COM NEW
$4.3M174.6K
2.0%
+4.2%
Added · +7K sh
17Johnson & Johnson
COM
$4.2M17.1K
2.0%
−0.7%
Reduced · −125 sh
18Alphabet Inc. Class C
CAP STK CL C
$3.6M12.4K
1.7%
+2.9%
Added · +345 sh
19Berkshire Hathaway Class B
CL B NEW
$3.5M7.2K
1.7%
+0.1%
Added · +10 sh
20Franco-Nevada Corp
COM
$3.4M13.9K
1.6%
+1.4%
Added · +188 sh
21Southern Company
COM
$3.2M32.8K
1.5%
Held
22Duke Energy Corp
COM NEW
$2.9M22.5K
1.4%
+1.1%
Added · +250 sh
23Nu Holdings Ltd.
ORD SHS CL A
$2.5M175.9K
1.2%
−3.9%
Reduced · −7K sh
24Cisco Systems, Inc.
COM
$2.4M31.0K
1.2%
Held
25SLB
COM STK
$2.3M43.9K
1.1%
+21%
Added · +8K sh
26BWX Technologies Inc
COM
$2.2M10.6K
1.0%
+1.3%
Added · +140 sh
27Apple Inc.
COM
$1.9M7.5K
0.9%
−2.6%
Reduced · −200 sh
28Chevron Corp.
COM
$1.9M9.0K
0.9%
Held
29Danaher Corp
COM
$1.7M8.9K
0.8%
+4.0%
Added · +340 sh
30Coupang, Inc.
CL A
$1.7M87.8K
0.8%
+1.5%
Added · +1K sh
31Saba Capital Income & Opportunities Fund
SHS NEW
$1.6M240.7K
0.8%
+6.6%
Added · +15K sh
32Boeing
COM
$1.6M7.8K
0.7%
−1.3%
Reduced · −100 sh
33Canadian National Railway Co.
COM
$1.4M13.7K
0.7%
Held
34Brookfield Asset Management Ltd.
CL A LMT VTG SHS
$1.4M31.5K
0.7%
−25%
Reduced · −11K sh
35ExxonMobil Corp
COM
$1.4M8.1K
0.7%
Held
36Micron Technology, Inc.
COM
$1.2M3.6K
0.6%
+385%
Added · +3K sh
37Blackstone Mortgage Trust
COM CL A
$1.2M61.5K
0.6%
−1.3%
Reduced · −829 sh
38Bristol-Myers Squibb
COM
$1.1M18.6K
0.5%
−0.3%
Reduced · −50 sh
39EQT Corporation
COM
$1.1M17.7K
0.5%
+27%
Added · +4K sh
40British American Tobacco ADR
SPONSORED ADR
$1.0M17.1K
0.5%
+10%
Added · +2K sh
41Texas Pacific Land Corp
COM
$947K2.0K
0.5%
+51%
Added · +670 sh
42Eli Lilly & Company
COM
$928K1.0K
0.4%
+22%
Added · +183 sh
43Consolidated Edison
COM
$890K7.9K
0.4%
−1.3%
Reduced · −100 sh
44Hershey Co
COM
$858K4.1K
0.4%
+28%
Added · +895 sh
45Honeywell International Inc.
COM
$820K3.6K
0.4%
+125%
Added · +2K sh
46Option Care Health Inc
COM NEW
$819K30.4K
0.4%
+46%
Added · +10K sh
47Landbridge Co LLC Class A
CL A
$779K11.3K
0.4%
New
New position
48Colgate-Palmolive Co
COM
$751K8.8K
0.4%
Held
49Brookfield Renewable LP
PARTNERSHIP UNIT
$734K22.5K
0.4%
Held
50Dominion Resources, Inc
COM
$729K11.8K
0.3%
+0.8%
Added · +100 sh
Showing 50 of 97 positions

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 18, 2026120$209.1M13F-HR
Q4 2025Dec 31, 2025Feb 17, 2026111$224.0M13F-HR
Q3 2025Sep 30, 2025Nov 17, 2025126$220.3M13F-HR
Q2 2025Jun 30, 2025Aug 12, 2025121$199.3M13F-HR
Q1 2025Mar 31, 2025May 16, 2025126$187.8M13F-HR
Q4 2024Dec 31, 2024Feb 18, 2025124$191.5M13F-HR
Q3 2024Sep 30, 2024Nov 15, 2024121$193.9M13F-HR
Q2 2024Jun 30, 2024Aug 15, 2024127$183.9M13F-HR
Q1 2024Mar 31, 2024May 16, 2024126$181.1M13F-HR
Q4 2023Dec 31, 2023Feb 14, 2024121$165.4M13F-HR
Q3 2023Sep 30, 2023Nov 15, 2023112$146.7M13F-HR
Q2 2023Jun 30, 2023Aug 24, 2023108$149.6M13F-HR
Q1 2023Mar 31, 2023May 16, 2023105$143.0M13F-HR
Q4 2022Dec 31, 2022Feb 21, 2023112$141.8M13F-HR
Q3 2022Sep 30, 2022Nov 15, 2022114$139.2M13F-HR
Q2 2022Jun 30, 2022Aug 18, 2022127$154.0M13F-HR
Q1 2022Mar 31, 2022Jun 15, 2022126$200.5M13F-HR
Q4 2021Dec 31, 2021Feb 15, 2022113$216.9M13F-HR
Q3 2021Sep 30, 2021Nov 16, 2021120$180.7M13F-HR
Q2 2021Jun 30, 2021Aug 17, 2021122$183.6M13F-HR
Q1 2021Mar 31, 2021May 18, 2021125$173.3M13F-HR
Q4 2020Dec 31, 2020Feb 17, 2021106$158.5M13F-HR
Q3 2020Sep 30, 2020Nov 17, 202097$137.1M13F-HR
Q2 2020Jun 30, 2020Aug 14, 202093$125.5M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.