ADALTA CAPITAL MANAGEMENT LLC

Filed: 11/15/2024ACC: 0001698926-24-000005

📋 What this filing means

ADALTA CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 95 equity positions with a total reported market value of $193.87M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$193.87M

Total AUM (reported)

2.32M

Total Shares

Allocation by class

COM$145.22M74.9%

CL A LTD VT SH$9.17M4.7%

COM NEW$8.85M4.6%

CAP STK CL A$7.27M3.8%

ORD$5.93M3.1%

CL A$3.33M1.7%

CL B NEW$2.85M1.5%

Portfolio Concentration

Top 3$48.78M25.2%

4–10$61.98M32.0%

11–25$47.70M24.6%

Rest$35.41M18.3%

Top 3 weight

25.2%

Top 10 weight

57.1%

Voting Authority Distribution

Total shares with voting rights: 2.32M

Sole

Full voting authority

1.99M

% of voting shares85.7%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

332.59K

% of voting shares14.3%

Investment Discretion (by position count)

Sole69

Shared0

Other26

Dominant voting typeSole · 85.7% of voting shares

Institutional Holdings95

Rows:

Microsoft Corporation

OTR

COM

Shares53.40K

TypeSH

Market value$22.98M

11.85%

Sole

49.69K

Shared

0.00

None

3.71K

Blackstone Group Inc

OTR

COM

Shares91.41K

TypeSH

Market value$14.00M

7.22%

Sole

87.08K

Shared

0.00

None

4.33K

Home Depot

OTR

COM

Shares29.13K

TypeSH

Market value$11.81M

6.09%

Sole

25.73K

Shared

0.00

None

3.40K

JPMorgan Chase & Co

SOLE

COM

Shares48.91K

TypeSH

Market value$10.31M

5.32%

Sole

48.91K

Shared

0.00

None

0.00

Merck & Co. Inc.

OTR

COM

Shares90.13K

TypeSH

Market value$10.30M

5.31%

Sole

84.75K

Shared

0.00

None

5.38K

Qualcomm Inc.

SOLE

COM

Shares55.89K

TypeSH

Market value$9.50M

4.90%

Sole

54.56K

Shared

0.00

None

1.32K

Brookfield Corp F Class A

OTR

CL A LTD VT SH

Shares172.59K

TypeSH

Market value$9.17M

4.73%

Sole

158.94K

Shared

0.00

None

13.65K

Union Pacific Corp.

OTR

COM

Shares33.77K

TypeSH

Market value$8.32M

4.29%

Sole

33.77K

Shared

0.00

None

0.00

Alphabet Inc. Class A

OTR

CAP STK CL A

Shares43.85K

TypeSH

Market value$7.27M

3.75%

Sole

40.26K

Shared

0.00

None

3.60K

PhenixFIN Corporation

OTR

COM

Shares149.60K

TypeSH

Market value$7.09M

3.66%

Sole

98.08K

Shared

0.00

None

51.52K

American Express Co.

OTR

COM

Shares25.61K

TypeSH

Market value$6.94M

3.58%

Sole

23.70K

Shared

0.00

None

1.90K

Weyerhaeuser Co REIT

OTR

COM NEW

Shares184.32K

TypeSH

Market value$6.24M

3.22%

Sole

176.67K

Shared

0.00

None

7.65K

Arch Capital Group Ltd

OTR

ORD

Shares53K

TypeSH

Market value$5.93M

3.06%

Sole

48.86K

Shared

0.00

None

4.14K

Mercadolibre Inc

OTR

COM

Shares1.70K

TypeSH

Market value$3.49M

1.80%

Sole

1.48K

Shared

0.00

None

221.00

Johnson & Johnson

OTR

COM

Shares18.27K

TypeSH

Market value$2.96M

1.53%

Sole

17.82K

Shared

0.00

None

450.00

Berkshire Hathaway Class B

SOLE

CL B NEW

Shares6.19K

TypeSH

Market value$2.85M

1.47%

Sole

5.69K

Shared

0.00

None

500.00

Markel Group Inc.

OTR

COM

Shares1.81K

TypeSH

Market value$2.85M

1.47%

Sole

1.44K

Shared

0.00

None

374.00

Southern Company

SOLE

COM

Shares29.34K

TypeSH

Market value$2.65M

1.36%

Sole

29.34K

Shared

0.00

None

0.00

Danaher Corp

OTR

COM

Shares8.47K

TypeSH

Market value$2.36M

1.22%

Sole

7.22K

Shared

0.00

None

1.25K

Duke Energy Corp

SOLE

COM NEW

Shares19.83K

TypeSH

Market value$2.29M

1.18%

Sole

18.38K

Shared

0.00

None

1.45K

Brookfield Asset Management Ltd.

OTR

CL A LMT VTG SHS

Shares43.39K

TypeSH

Market value$2.05M

1.06%

Sole

40.78K

Shared

0.00

None

2.61K

Coupang, Inc.

SOLE

CL A

Shares78.96K

TypeSH

Market value$1.94M

1.00%

Sole

63.11K

Shared

0.00

None

15.85K

Canadian National Railway Co.

SOLE

COM

Shares15.95K

TypeSH

Market value$1.87M

0.96%

Sole

15.95K

Shared

0.00

None

0.00

Cisco Systems, Inc.

SOLE

COM

Shares31.02K

TypeSH

Market value$1.65M

0.85%

Sole

31.02K

Shared

0.00

None

0.00

SLB

SOLE

COM STK

Shares38.79K

TypeSH

Market value$1.64M

0.84%

Sole

37.94K

Shared

0.00

None

850.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Microsoft CorporationOTR	COM	53.40K	SH	$22.98M 11.85%	49.69K	3.71K
Blackstone Group IncOTR	COM	91.41K	SH	$14.00M 7.22%	87.08K	4.33K
Home DepotOTR	COM	29.13K	SH	$11.81M 6.09%	25.73K	3.40K
JPMorgan Chase & CoSOLE	COM	48.91K	SH	$10.31M 5.32%	48.91K	0.00
Merck & Co. Inc.OTR	COM	90.13K	SH	$10.30M 5.31%	84.75K	5.38K
Qualcomm Inc.SOLE	COM	55.89K	SH	$9.50M 4.90%	54.56K	1.32K
Brookfield Corp F Class AOTR	CL A LTD VT SH	172.59K	SH	$9.17M 4.73%	158.94K	13.65K
Union Pacific Corp.OTR	COM	33.77K	SH	$8.32M 4.29%	33.77K	0.00
Alphabet Inc. Class AOTR	CAP STK CL A	43.85K	SH	$7.27M 3.75%	40.26K	3.60K
PhenixFIN CorporationOTR	COM	149.60K	SH	$7.09M 3.66%	98.08K	51.52K
American Express Co.OTR	COM	25.61K	SH	$6.94M 3.58%	23.70K	1.90K
Weyerhaeuser Co REITOTR	COM NEW	184.32K	SH	$6.24M 3.22%	176.67K	7.65K
Arch Capital Group LtdOTR	ORD	53K	SH	$5.93M 3.06%	48.86K	4.14K
Mercadolibre IncOTR	COM	1.70K	SH	$3.49M 1.80%	1.48K	221.00
Johnson & JohnsonOTR	COM	18.27K	SH	$2.96M 1.53%	17.82K	450.00
Berkshire Hathaway Class BSOLE	CL B NEW	6.19K	SH	$2.85M 1.47%	5.69K	500.00
Markel Group Inc.OTR	COM	1.81K	SH	$2.85M 1.47%	1.44K	374.00
Southern CompanySOLE	COM	29.34K	SH	$2.65M 1.36%	29.34K	0.00
Danaher CorpOTR	COM	8.47K	SH	$2.36M 1.22%	7.22K	1.25K
Duke Energy CorpSOLE	COM NEW	19.83K	SH	$2.29M 1.18%	18.38K	1.45K
Brookfield Asset Management Ltd.OTR	CL A LMT VTG SHS	43.39K	SH	$2.05M 1.06%	40.78K	2.61K
Coupang, Inc.SOLE	CL A	78.96K	SH	$1.94M 1.00%	63.11K	15.85K
Canadian National Railway Co.SOLE	COM	15.95K	SH	$1.87M 0.96%	15.95K	0.00
Cisco Systems, Inc.SOLE	COM	31.02K	SH	$1.65M 0.85%	31.02K	0.00
SLBSOLE	COM STK	38.79K	SH	$1.64M 0.84%	37.94K	850.00

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