Arkolith/Funds/Adalta Capital Management LLC

Adalta Capital Management LLC

CIK 1698926
Holdings as of Jun 30, 2026·disclosed Aug 14, 2026·~45-day 13F lag·13F-HR
Active Filer

Adalta Capital Management LLC holds a diversified book of 103 reported positions worth $227.8M as of Q2 2026 (disclosed Aug 14, 2026, a ~45-day 13F lag). This quarter Honeywell Aerospace Inc first appears in 13F filings, a listing rather than a purchase; they opened BlackRock HLTH Sci TRM TR II and trimmed JPMorgan Chase & Co. Their largest long position is JPMorgan Chase & Co at 7% of the reported non-option book. Cloning the disclosed picks since 2017 would be +142% (+9.9%/yr). That is a simulation of the disclosed long book, not audited returns.

Opened
11
bought for the first time
+8 more · largest first
1 newly reportable · first quarter we see the security in 13F filings, a listing not a purchase

Growth of $10,000: cloning the disclosed book

If you'd copied them
+141.9%
+9.9%/yr · since May '17
Their reported book
+150.6%
held from quarter-end
S&P 500
+270.4%
same window
$9K$17K$24K$31K$38KMay '17Apr '19Feb '21Dec '22Oct '24Sep '26
Adalta Capital Management LLC (copied at disclosure) S&P 500

The reported book (valued from quarter-end) returned +150.6%, a 8.7-point gap that is the cost of the ~45-day 13F disclosure lag a real follower can't avoid.

Growth of $10,000 cloning Adalta Capital Management LLC's disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~45 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

How much sits in the biggest positions

Top-heavy: diversified book

Top 5 holdings
28%
Top 10 holdings
49%
Top 20 holdings
71%

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

Where the money is, by sector

94% mapped to company sectors

Financials
23%
Information Technology
20%
Health Care
13%
Industrials
10%
Real Estate
7%
Consumer Discretionary
5%
Utilities
5%
No sector on file yet
5%

+5 sectors below the cut, 13% together

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 (an exit at the prior quarter-end), no cost basis

Bought
Trimmed / exited
Newly reportable· first quarter we see the security in 13F filings · position value, not a trade

Funds with the most overlap

Other tracked managers holding the same core names as Adalta Capital Management LLC

Manager / fundShared namesTheir $ in those
Brookfield Corp9 / 80$58.0B
Independent Investors Inc22 / 80$407.6M
Ardent Capital Management, Inc.11 / 80$182.6M
Daniel Investment Group, Inc.8 / 80$126.5M
Outlook Capital Management, LLC11 / 80$207.7M
Citadel Investment Advisory, Inc.16 / 80$140.2M
Private Capital Advisors, Inc.16 / 80$725.6M
Armstrong Henry H Associates Inc14 / 80$646.7M

Ranked by the share of each fund's own book sitting in the names it shares with Adalta Capital Management LLC: only funds sharing at least a tenth of the book qualify. Index giants, bank custody books and market makers are excluded. They hold everything, so their overlap says nothing.

Holdings: largest first

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

103 positions
#SecurityValueShares% PortLast moveHistory
1JPMorgan Chase & Co
COM
$15.4M47.1K
6.8%
−1.1%
Reduced · −527 sh
2Microsoft Corporation
COM
$14.3M38.4K
6.3%
−2.6%
Reduced · −1K sh
3Alphabet Inc. Class A
CAP STK CL A
$13.0M36.3K
5.7%
−5.6%
Reduced · −2K sh
4Merck & Co. Inc.
COM
$11.2M87.0K
4.9%
−1.8%
Reduced · −2K sh
5Brookfield Corporation Class A
CL A LTD VT SH
$10.8M253.9K
4.7%
−4.2%
Reduced · −11K sh
6Blackstone Group Inc
COM
$9.9M84.3K
4.4%
−2.8%
Reduced · −2K sh
7Home Depot
COM
$9.8M27.8K
4.3%
−4.7%
Reduced · −1K sh
8Qualcomm Inc.
COM
$9.7M52.3K
4.2%
−2.2%
Reduced · −1K sh
9Union Pacific Corp.
COM
$9.2M33.7K
4.0%
Held
10Guardant Health, Inc.
COM
$9.0M60.3K
4.0%
−1.9%
Reduced · −1K sh
11PhenixFIN Corporation
COM
$7.5M176.6K
3.3%
+0.6%
Added · +1K sh
12American Express Co.
COM
$7.2M21.3K
3.2%
−5.3%
Reduced · −1K sh
13Markel Group Inc.
COM
$5.3M2.7K
2.3%
−1.5%
Reduced · −43 sh
14Arch Capital Group Ltd
ORD
$5.1M52.9K
2.3%
−1.8%
Reduced · −978 sh
15Mercadolibre Inc
COM
$5.0M3.0K
2.2%
+11%
Added · +289 sh
16Alphabet Inc. Class C
CAP STK CL C
$4.2M11.9K
1.9%
−3.9%
Reduced · −480 sh
17Johnson & Johnson
COM
$4.2M16.4K
1.8%
−4.0%
Reduced · −686 sh
18Micron Technology, Inc.
COM
$4.1M3.6K
1.8%
−1.7%
Reduced · −62 sh
19Weyerhaeuser Co REIT
COM NEW
$4.1M170.5K
1.8%
−2.3%
Reduced · −4K sh
20Cisco Systems, Inc.
COM
$3.6M31.0K
1.6%
Held
21Berkshire Hathaway Class B
CL B NEW
$3.6M7.2K
1.6%
Held
22Southern Company
COM
$3.1M32.8K
1.4%
−0.1%
Reduced · −25 sh
23Franco-Nevada Corp
COM
$2.9M13.9K
1.3%
−0.7%
Reduced · −94 sh
24Duke Energy Corp
COM NEW
$2.8M22.1K
1.2%
−1.5%
Reduced · −344 sh
25Nu Holdings Ltd.
ORD SHS CL A
$2.2M167.1K
1.0%
−5.0%
Reduced · −9K sh
26BWX Technologies Inc
COM
$2.1M10.6K
0.9%
−0.6%
Reduced · −65 sh
27SLB
COM STK
$2.0M42.5K
0.9%
−3.3%
Reduced · −1K sh
28Danaher Corp
COM
$1.8M9.7K
0.8%
+9.0%
Added · +798 sh
29Apple Inc.
COM
$1.8M6.1K
0.8%
−19%
Reduced · −1K sh
30Boeing
COM
$1.6M7.5K
0.7%
−3.8%
Reduced · −300 sh
31Canadian National Railway Co.
COM
$1.6M13.7K
0.7%
Held
32Saba Capital Income & Opportunities Fund
SHS NEW
$1.6M248.0K
0.7%
+3.1%
Added · +7K sh
33Chevron Corp.
COM
$1.4M8.7K
0.6%
−2.9%
Reduced · −260 sh
34Coupang, Inc.
CL A
$1.4M82.9K
0.6%
−5.6%
Reduced · −5K sh
35Brookfield Asset Management Ltd.
CL A LMT VTG SHS
$1.3M30.0K
0.6%
−4.7%
Reduced · −1K sh
36Applied Materials
COM
$1.3M1.8K
0.6%
+57%
Added · +655 sh
37WisdomTree Floating Rate Treasury Fund
FLOATNG RAT TREA
$1.1M21.4K
0.5%
+125%
Added · +12K sh
38ExxonMobil Corp
COM
$1.1M7.9K
0.5%
−3.3%
Reduced · −266 sh
39Blackstone Mortgage Trust
COM CL A
$1.1M61.5K
0.5%
~0%
Added · +1 sh
40Texas Pacific Land Corp
COM
$1.0M2.4K
0.5%
+20%
Added · +390 sh
41British American Tobacco ADR
SPONSORED ADR
$1.0M16.9K
0.5%
−1.5%
Reduced · −260 sh
42Landbridge Co LLC Class A
CL A
$1.0M12.7K
0.4%
+13%
Added · +1K sh
43Bristol-Myers Squibb
COM
$953K16.5K
0.4%
−11%
Reduced · −2K sh
44Eli Lilly & Company
COM
$915K763
0.4%
−24%
Reduced · −246 sh
45WaterBridge Infrastructure LLC
CL A SHS REPSTG
$852K24.9K
0.4%
+1.0%
Added · +250 sh
46EQT Corporation
COM
$845K15.9K
0.4%
−10%
Reduced · −2K sh
47Philip Morris International Inc.
COM
$828K4.5K
0.4%
+7.1%
Added · +300 sh
48Consolidated Edison
COM
$826K7.5K
0.4%
−5.1%
Reduced · −400 sh
49Dominion Resources, Inc
COM
$808K11.8K
0.4%
+0.3%
Added · +35 sh
50Colgate-Palmolive Co
COM
$808K8.8K
0.4%
Held
Showing 50 of 103 positions
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Filing history

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

$227.8M · Q2 2026Q3 2020 · $137.1MQ2 2026 · $227.8M

Reported 13F total per quarter. Raw filing totals can include option notional.

QuarterAs ofFiledLagPositionsValueForm
Q2 2026Jun 30, 2026Aug 14, 202645d126$227.8M13F-HR
Q1 2026Mar 31, 2026May 18, 202648d120$209.1M13F-HR
Q4 2025Dec 31, 2025Feb 17, 202648d111$224.0M13F-HR
Q3 2025Sep 30, 2025Nov 17, 202548d126$220.3M13F-HR
Q2 2025Jun 30, 2025Aug 12, 202543d121$199.3M13F-HR
Q1 2025Mar 31, 2025May 16, 202546d126$187.8M13F-HR
Q4 2024Dec 31, 2024Feb 18, 202549d124$191.5M13F-HR
Q3 2024Sep 30, 2024Nov 15, 202446d121$193.9M13F-HR
Q2 2024Jun 30, 2024Aug 15, 202446d127$183.9M13F-HR
Q1 2024Mar 31, 2024May 16, 202446d126$181.1M13F-HR
Q4 2023Dec 31, 2023Feb 14, 202445d121$165.4M13F-HR
Q3 2023Sep 30, 2023Nov 15, 202346d112$146.7M13F-HR
Q2 2023Jun 30, 2023Aug 24, 202355d108$149.6M13F-HR
Q1 2023Mar 31, 2023May 16, 202346d105$143.0M13F-HR
Q4 2022Dec 31, 2022Feb 21, 202352d112$141.8M13F-HR
Q3 2022Sep 30, 2022Nov 15, 202246d114$139.2M13F-HR
Q2 2022Jun 30, 2022Aug 18, 202249d127$154.0M13F-HR
Q1 2022Mar 31, 2022Jun 15, 202276d126$200.5M13F-HR
Q4 2021Dec 31, 2021Feb 15, 202246d113$216.9M13F-HR
Q3 2021Sep 30, 2021Nov 16, 202147d120$180.7M13F-HR
Q2 2021Jun 30, 2021Aug 17, 202148d122$183.6M13F-HR
Q1 2021Mar 31, 2021May 18, 202148d125$173.3M13F-HR
Q4 2020Dec 31, 2020Feb 17, 202148d106$158.5M13F-HR
Q3 2020Sep 30, 2020Nov 17, 202048d97$137.1M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. Book totals and portfolio weights cover reported non-option positions, which can include notes and warrants. 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.