ADALTA CAPITAL MANAGEMENT LLC

Filed: 8/15/2024ACC: 0001698926-24-000004

📋 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 $183.91M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

101

Positions

$183.91M

Total AUM (reported)

2.34M

Total Shares

Allocation by class

COM$139.05M75.6%

COM NEW$8.26M4.5%

CAP STK CL A$7.99M4.3%

CL A LTD VT SH$7.14M3.9%

ORD$5.35M2.9%

CL A$3.01M1.6%

CL B NEW$2.52M1.4%

Portfolio Concentration

Top 3$46.51M25.3%

4–10$60.82M33.1%

11–25$41.81M22.7%

Rest$34.78M18.9%

Top 3 weight

25.3%

Top 10 weight

58.4%

Voting Authority Distribution

Total shares with voting rights: 2.34M

Sole

Full voting authority

1.98M

% of voting shares84.7%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

358.32K

% of voting shares15.3%

Investment Discretion (by position count)

Sole75

Shared0

Other26

Dominant voting typeSole · 84.7% of voting shares

Institutional Holdings101

Rows:

Microsoft Corporation

OTR

COM

Shares53.61K

TypeSH

Market value$23.96M

13.03%

Sole

49.90K

Shared

0.00

None

3.71K

Blackstone Group Inc

OTR

COM

Shares91.41K

TypeSH

Market value$11.32M

6.15%

Sole

87.08K

Shared

0.00

None

4.33K

Merck & Co. Inc.

OTR

COM

Shares90.18K

TypeSH

Market value$11.23M

6.11%

Sole

84.81K

Shared

0.00

None

5.38K

Qualcomm Inc.

SOLE

COM

Shares55.92K

TypeSH

Market value$11.14M

6.06%

Sole

54.59K

Shared

0.00

None

1.32K

Home Depot

OTR

COM

Shares28.92K

TypeSH

Market value$9.96M

5.41%

Sole

25.52K

Shared

0.00

None

3.40K

JPMorgan Chase & Co

SOLE

COM

Shares48.93K

TypeSH

Market value$9.90M

5.38%

Sole

48.93K

Shared

0.00

None

0.00

Alphabet Inc. Class A

OTR

CAP STK CL A

Shares43.86K

TypeSH

Market value$7.99M

4.34%

Sole

40.27K

Shared

0.00

None

3.60K

Union Pacific Corp.

OTR

COM

Shares33.94K

TypeSH

Market value$7.68M

4.17%

Sole

33.94K

Shared

0.00

None

0.00

Brookfield Corp F Class A

OTR

CL A LTD VT SH

Shares171.90K

TypeSH

Market value$7.14M

3.88%

Sole

158.73K

Shared

0.00

None

13.17K

PhenixFIN Corporation

OTR

COM

Shares149.90K

TypeSH

Market value$7.01M

3.81%

Sole

98.58K

Shared

0.00

None

51.33K

American Express Co.

OTR

COM

Shares25.61K

TypeSH

Market value$5.93M

3.22%

Sole

23.70K

Shared

0.00

None

1.90K

Arch Capital Group Ltd

OTR

ORD

Shares53K

TypeSH

Market value$5.35M

2.91%

Sole

48.86K

Shared

0.00

None

4.14K

Weyerhaeuser Co REIT

OTR

COM NEW

Shares182.48K

TypeSH

Market value$5.18M

2.82%

Sole

174.83K

Shared

0.00

None

7.65K

Markel Group Inc.

OTR

COM

Shares1.79K

TypeSH

Market value$2.83M

1.54%

Sole

1.42K

Shared

0.00

None

374.00

Johnson & Johnson

OTR

COM

Shares18.27K

TypeSH

Market value$2.67M

1.45%

Sole

17.82K

Shared

0.00

None

450.00

Mercadolibre Inc

OTR

COM

Shares1.61K

TypeSH

Market value$2.64M

1.44%

Sole

1.44K

Shared

0.00

None

167.00

Berkshire Hathaway Class B

SOLE

CL B NEW

Shares6.19K

TypeSH

Market value$2.52M

1.37%

Sole

5.69K

Shared

0.00

None

500.00

Southern Company

SOLE

COM

Shares27.92K

TypeSH

Market value$2.17M

1.18%

Sole

27.92K

Shared

0.00

None

0.00

Guardant Health, Inc.

OTR

COM

Shares71.02K

TypeSH

Market value$2.05M

1.12%

Sole

66.43K

Shared

0.00

None

4.59K

Canadian National Railway Co.

SOLE

COM

Shares15.95K

TypeSH

Market value$1.89M

1.03%

Sole

15.95K

Shared

0.00

None

0.00

SLB

SOLE

COM STK

Shares38.79K

TypeSH

Market value$1.84M

1.00%

Sole

37.94K

Shared

0.00

None

850.00

Boeing

SOLE

COM

Shares9.95K

TypeSH

Market value$1.81M

0.98%

Sole

9.95K

Shared

0.00

None

0.00

Brookfield Asset Management Ltd.

OTR

CL A LMT VTG SHS

Shares43.49K

TypeSH

Market value$1.66M

0.90%

Sole

40.88K

Shared

0.00

None

2.61K

Duke Energy Corp

SOLE

COM NEW

Shares16.36K

TypeSH

Market value$1.64M

0.89%

Sole

15.18K

Shared

0.00

None

1.18K

Coupang, Inc.

SOLE

CL A

Shares77.96K

TypeSH

Market value$1.63M

0.89%

Sole

62.86K

Shared

0.00

None

15.10K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Microsoft CorporationOTR	COM	53.61K	SH	$23.96M 13.03%	49.90K	3.71K
Blackstone Group IncOTR	COM	91.41K	SH	$11.32M 6.15%	87.08K	4.33K
Merck & Co. Inc.OTR	COM	90.18K	SH	$11.23M 6.11%	84.81K	5.38K
Qualcomm Inc.SOLE	COM	55.92K	SH	$11.14M 6.06%	54.59K	1.32K
Home DepotOTR	COM	28.92K	SH	$9.96M 5.41%	25.52K	3.40K
JPMorgan Chase & CoSOLE	COM	48.93K	SH	$9.90M 5.38%	48.93K	0.00
Alphabet Inc. Class AOTR	CAP STK CL A	43.86K	SH	$7.99M 4.34%	40.27K	3.60K
Union Pacific Corp.OTR	COM	33.94K	SH	$7.68M 4.17%	33.94K	0.00
Brookfield Corp F Class AOTR	CL A LTD VT SH	171.90K	SH	$7.14M 3.88%	158.73K	13.17K
PhenixFIN CorporationOTR	COM	149.90K	SH	$7.01M 3.81%	98.58K	51.33K
American Express Co.OTR	COM	25.61K	SH	$5.93M 3.22%	23.70K	1.90K
Arch Capital Group LtdOTR	ORD	53K	SH	$5.35M 2.91%	48.86K	4.14K
Weyerhaeuser Co REITOTR	COM NEW	182.48K	SH	$5.18M 2.82%	174.83K	7.65K
Markel Group Inc.OTR	COM	1.79K	SH	$2.83M 1.54%	1.42K	374.00
Johnson & JohnsonOTR	COM	18.27K	SH	$2.67M 1.45%	17.82K	450.00
Mercadolibre IncOTR	COM	1.61K	SH	$2.64M 1.44%	1.44K	167.00
Berkshire Hathaway Class BSOLE	CL B NEW	6.19K	SH	$2.52M 1.37%	5.69K	500.00
Southern CompanySOLE	COM	27.92K	SH	$2.17M 1.18%	27.92K	0.00
Guardant Health, Inc.OTR	COM	71.02K	SH	$2.05M 1.12%	66.43K	4.59K
Canadian National Railway Co.SOLE	COM	15.95K	SH	$1.89M 1.03%	15.95K	0.00
SLBSOLE	COM STK	38.79K	SH	$1.84M 1.00%	37.94K	850.00
BoeingSOLE	COM	9.95K	SH	$1.81M 0.98%	9.95K	0.00
Brookfield Asset Management Ltd.OTR	CL A LMT VTG SHS	43.49K	SH	$1.66M 0.90%	40.88K	2.61K
Duke Energy CorpSOLE	COM NEW	16.36K	SH	$1.64M 0.89%	15.18K	1.18K
Coupang, Inc.SOLE	CL A	77.96K	SH	$1.63M 0.89%	62.86K	15.10K

Page 1 of 5

…