ADALTA CAPITAL MANAGEMENT LLC

Filed: 5/16/2024ACC: 0001698926-24-000003

📋 What this filing means

ADALTA CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 101 equity positions with a total reported market value of $181.06M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

101

Positions

$181.06M

Total AUM (reported)

2.46M

Total Shares

Allocation by class

COM$135.29M74.7%

COM NEW$10.20M5.6%

CL A LTD VT SH$7.14M3.9%

CAP STK CL A$6.62M3.7%

ORD$4.89M2.7%

CL A$2.88M1.6%

CL B NEW$2.60M1.4%

Portfolio Concentration

Top 3$46.57M25.7%

4–10$59.19M32.7%

11–25$42.03M23.2%

Rest$33.27M18.4%

Top 3 weight

25.7%

Top 10 weight

58.4%

Voting Authority Distribution

Total shares with voting rights: 2.46M

Sole

Full voting authority

2.05M

% of voting shares83.5%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

404.56K

% of voting shares16.5%

Investment Discretion (by position count)

Sole76

Shared0

Other25

Dominant voting typeSole · 83.5% of voting shares

Institutional Holdings101

Rows:

Microsoft Corporation

OTR

COM

Shares53.75K

TypeSH

Market value$22.61M

12.49%

Sole

50.04K

Shared

0.00

None

3.71K

Merck & Co. Inc.

OTR

COM

Shares90.26K

TypeSH

Market value$11.98M

6.62%

Sole

84.88K

Shared

0.00

None

5.38K

Blackstone Group Inc

OTR

COM

Shares91.19K

TypeSH

Market value$11.98M

6.62%

Sole

86.86K

Shared

0.00

None

4.33K

Home Depot

OTR

COM

Shares28.96K

TypeSH

Market value$11.11M

6.14%

Sole

25.56K

Shared

0.00

None

3.40K

JPMorgan Chase & Co

SOLE

COM

Shares48.99K

TypeSH

Market value$9.81M

5.42%

Sole

48.99K

Shared

0.00

None

0.00

Qualcomm Inc.

SOLE

COM

Shares56.62K

TypeSH

Market value$9.58M

5.29%

Sole

55.29K

Shared

0.00

None

1.32K

Union Pacific Corp.

OTR

COM

Shares34.01K

TypeSH

Market value$8.37M

4.62%

Sole

34.01K

Shared

0.00

None

0.00

Brookfield Corp F Class A

OTR

CL A LTD VT SH

Shares170.51K

TypeSH

Market value$7.14M

3.94%

Sole

158.84K

Shared

0.00

None

11.67K

Alphabet Inc. Class A

OTR

CAP STK CL A

Shares43.88K

TypeSH

Market value$6.62M

3.66%

Sole

40.29K

Shared

0.00

None

3.60K

Weyerhaeuser Co REIT

OTR

COM NEW

Shares182.47K

TypeSH

Market value$6.55M

3.62%

Sole

174.82K

Shared

0.00

None

7.65K

PhenixFIN Corporation

OTR

COM

Shares142.31K

TypeSH

Market value$6.26M

3.46%

Sole

91.31K

Shared

0.00

None

51K

American Express Co.

OTR

COM

Shares25.61K

TypeSH

Market value$5.83M

3.22%

Sole

23.71K

Shared

0.00

None

1.90K

Arch Capital Group Ltd

OTR

ORD

Shares52.95K

TypeSH

Market value$4.89M

2.70%

Sole

48.81K

Shared

0.00

None

4.14K

Johnson & Johnson

OTR

COM

Shares18.27K

TypeSH

Market value$2.89M

1.60%

Sole

17.82K

Shared

0.00

None

450.00

Markel Group Inc.

OTR

COM

Shares1.77K

TypeSH

Market value$2.69M

1.49%

Sole

1.41K

Shared

0.00

None

359.00

Berkshire Hathaway Class B

SOLE

CL B NEW

Shares6.19K

TypeSH

Market value$2.60M

1.44%

Sole

5.69K

Shared

0.00

None

500.00

SLB

SOLE

COM STK

Shares38.79K

TypeSH

Market value$2.14M

1.18%

Sole

37.94K

Shared

0.00

None

850.00

Canadian National Railway Co.

SOLE

COM

Shares15.95K

TypeSH

Market value$2.10M

1.16%

Sole

15.95K

Shared

0.00

None

0.00

Mercadolibre Inc

OTR

COM

Shares1.35K

TypeSH

Market value$2.04M

1.13%

Sole

1.20K

Shared

0.00

None

147.00

Southern Company

SOLE

COM

Shares27.90K

TypeSH

Market value$2.00M

1.11%

Sole

27.90K

Shared

0.00

None

0.00

Boeing

SOLE

COM

Shares9.95K

TypeSH

Market value$1.92M

1.06%

Sole

9.95K

Shared

0.00

None

0.00

Brookfield Asset Management Ltd.

OTR

CL A LMT VTG SHS

Shares43.49K

TypeSH

Market value$1.83M

1.01%

Sole

40.88K

Shared

0.00

None

2.61K

Portland General Electric Co.

SOLE

COM NEW

Shares40.93K

TypeSH

Market value$1.74M

0.96%

Sole

40.23K

Shared

0.00

None

700.00

Cisco Systems, Inc.

SOLE

COM

Shares31.17K

TypeSH

Market value$1.56M

0.86%

Sole

31.17K

Shared

0.00

None

0.00

Duke Energy Corp

SOLE

COM NEW

Shares15.97K

TypeSH

Market value$1.54M

0.85%

Sole

14.79K

Shared

0.00

None

1.18K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Microsoft CorporationOTR	COM	53.75K	SH	$22.61M 12.49%	50.04K	3.71K
Merck & Co. Inc.OTR	COM	90.26K	SH	$11.98M 6.62%	84.88K	5.38K
Blackstone Group IncOTR	COM	91.19K	SH	$11.98M 6.62%	86.86K	4.33K
Home DepotOTR	COM	28.96K	SH	$11.11M 6.14%	25.56K	3.40K
JPMorgan Chase & CoSOLE	COM	48.99K	SH	$9.81M 5.42%	48.99K	0.00
Qualcomm Inc.SOLE	COM	56.62K	SH	$9.58M 5.29%	55.29K	1.32K
Union Pacific Corp.OTR	COM	34.01K	SH	$8.37M 4.62%	34.01K	0.00
Brookfield Corp F Class AOTR	CL A LTD VT SH	170.51K	SH	$7.14M 3.94%	158.84K	11.67K
Alphabet Inc. Class AOTR	CAP STK CL A	43.88K	SH	$6.62M 3.66%	40.29K	3.60K
Weyerhaeuser Co REITOTR	COM NEW	182.47K	SH	$6.55M 3.62%	174.82K	7.65K
PhenixFIN CorporationOTR	COM	142.31K	SH	$6.26M 3.46%	91.31K	51K
American Express Co.OTR	COM	25.61K	SH	$5.83M 3.22%	23.71K	1.90K
Arch Capital Group LtdOTR	ORD	52.95K	SH	$4.89M 2.70%	48.81K	4.14K
Johnson & JohnsonOTR	COM	18.27K	SH	$2.89M 1.60%	17.82K	450.00
Markel Group Inc.OTR	COM	1.77K	SH	$2.69M 1.49%	1.41K	359.00
Berkshire Hathaway Class BSOLE	CL B NEW	6.19K	SH	$2.60M 1.44%	5.69K	500.00
SLBSOLE	COM STK	38.79K	SH	$2.14M 1.18%	37.94K	850.00
Canadian National Railway Co.SOLE	COM	15.95K	SH	$2.10M 1.16%	15.95K	0.00
Mercadolibre IncOTR	COM	1.35K	SH	$2.04M 1.13%	1.20K	147.00
Southern CompanySOLE	COM	27.90K	SH	$2.00M 1.11%	27.90K	0.00
BoeingSOLE	COM	9.95K	SH	$1.92M 1.06%	9.95K	0.00
Brookfield Asset Management Ltd.OTR	CL A LMT VTG SHS	43.49K	SH	$1.83M 1.01%	40.88K	2.61K
Portland General Electric Co.SOLE	COM NEW	40.93K	SH	$1.74M 0.96%	40.23K	700.00
Cisco Systems, Inc.SOLE	COM	31.17K	SH	$1.56M 0.86%	31.17K	0.00
Duke Energy CorpSOLE	COM NEW	15.97K	SH	$1.54M 0.85%	14.79K	1.18K

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