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Portfolio (Quarterly) Guide ↗

Adalta Capital Management LLC

· CIK 0001698926
13F Portfolio $209M AUM 120 positions Filed May 18, 2026 EDGAR ↗ ← All Funds
Q1 2026 · All 97 New
Page 2 of 5  ·  97 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 SO Southern Company Utilities 32,838.0 $3.2M 1.52% NEW $96.52 -1.7%
22 DUK Duke Energy Corp Utilities 22,475.0 $2.9M 1.41% NEW $130.94 -5.0%
23 NU Nu Holdings Ltd. Financial Services 175,875.0 $2.5M 1.21% NEW $14.37 -14.3%
24 CSCO Cisco Systems, Inc. Technology 31,024.0 $2.4M 1.15% NEW $77.59 +50.2%
25 SLB SLB Energy 43,894.0 $2.3M 1.08% NEW $51.68 +10.3%
26 BWXT BWX Technologies Inc Industrials 10,623.0 $2.2M 1.04% NEW $204.49 -2.7%
27 AAPL Apple Inc. Technology 7,500.0 $1.9M 0.91% NEW $253.79 +17.6%
28 CVX Chevron Corp. Energy 8,969.0 $1.9M 0.89% NEW $206.90 -5.2%
29 DHR Danaher Corp Healthcare 8,864.0 $1.7M 0.81% NEW $190.00 -12.0%
30 CPNG Coupang, Inc. Consumer Cyclical 87,801.0 $1.7M 0.79% NEW $18.88 -19.4%
31 BRW Saba Capital Income & Opportunities Fund Financial Services 240,672.0 $1.6M 0.78% NEW $6.74 +0.1%
32 BA Boeing Industrials 7,850.0 $1.6M 0.75% NEW $199.03 +10.1%
33 CNI Canadian National Railway Co. Industrials 13,700.0 $1.4M 0.67% NEW $102.77 +10.3%
34 Brookfield Asset Management Ltd. 31,471.0 $1.4M 0.67% NEW $44.45
35 XOM ExxonMobil Corp Energy 8,121.0 $1.4M 0.66% NEW $169.66 -4.5%
36 MU Micron Technology, Inc. Technology 3,635.0 $1.2M 0.59% NEW $337.99 +111.5%
37 BXMT Blackstone Mortgage Trust Real Estate 61,531.0 $1.2M 0.58% NEW $19.62 -8.6%
38 BMY Bristol-Myers Squibb Healthcare 18,572.0 $1.1M 0.54% NEW $60.65 -4.4%
39 EQT EQT Corporation Energy 17,670.0 $1.1M 0.54% NEW $63.64 -6.7%
40 BTI British American Tobacco ADR Consumer Defensive 17,120.0 $1.0M 0.49% NEW $59.30 +11.9%
Page 2 of 5  ·  97 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 32.3%
Technology 14.2%
Healthcare 12.8%
Consumer Cyclical 8.1%
Industrials 7.8%
Communication Services 7.3%
Utilities 5.0%
Energy 5.0%
Real Estate 2.7%
Consumer Defensive 2.5%