Filed: 11/17/2025ACC: 0001698926-25-000007
📋 What this filing means
ADALTA CAPITAL MANAGEMENT LLC filed this quarterly 13F‑HR report disclosing 102 equity positions with a total reported market value of $220.28M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
102
Positions
$220.28M
Total AUM (reported)
2.38M
Total Shares
Allocation by class
COM$158.08M71.8%
CL A LTD VT SH$11.87M5.4%
CAP STK CL A$10.69M4.9%
COM NEW$7.40M3.4%
ORD$4.80M2.2%
CL A$3.58M1.6%
CL B NEW$3.11M1.4%
Portfolio Concentration
Top 3$53.61M24.3%
4–10$67.59M30.7%
11–25$57.48M26.1%
Rest$41.59M18.9%
Top 3 weight
24.3%
Top 10 weight
55.0%
Voting Authority Distribution
Total shares with voting rights: 2.38M
Sole
Full voting authority
2.13M
shares
% of voting shares89.5%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
251.15K
shares
% of voting shares10.5%
Investment Discretion (by position count)
Sole102
Shared0
Other0
Dominant voting typeSole · 89.5% of voting shares
Institutional Holdings102
Rows:
Microsoft Corporation
SOLEShares45.53K
TypeSH
Market value$23.58M
10.71%
Sole
42.26K
Shared
0.00
None
3.27K
JPMorgan Chase & Co
SOLEShares48.21K
TypeSH
Market value$15.21M
6.90%
Sole
48.21K
Shared
0.00
None
0.00
Blackstone Group Inc
SOLEShares86.74K
TypeSH
Market value$14.82M
6.73%
Sole
82.44K
Shared
0.00
None
4.30K
Brookfield Corp F Class A
SOLEShares173.10K
TypeSH
Market value$11.87M
5.39%
Sole
160.45K
Shared
0.00
None
12.65K
Home Depot
SOLEShares29.24K
TypeSH
Market value$11.85M
5.38%
Sole
25.84K
Shared
0.00
None
3.40K
Alphabet Inc. Class A
SOLEShares43.98K
TypeSH
Market value$10.69M
4.85%
Sole
40.39K
Shared
0.00
None
3.60K
Qualcomm Inc.
SOLEShares55.51K
TypeSH
Market value$9.23M
4.19%
Sole
54.19K
Shared
0.00
None
1.32K
PhenixFIN Corporation
SOLEShares172.94K
TypeSH
Market value$8.21M
3.73%
Sole
120.06K
Shared
0.00
None
52.88K
Union Pacific Corp.
SOLEShares33.71K
TypeSH
Market value$7.97M
3.62%
Sole
33.71K
Shared
0.00
None
0.00
American Express Co.
SOLEShares23.40K
TypeSH
Market value$7.77M
3.53%
Sole
21.50K
Shared
0.00
None
1.90K
Merck & Co. Inc.
SOLEShares90.18K
TypeSH
Market value$7.64M
3.47%
Sole
84.80K
Shared
0.00
None
5.38K
Markel Group Inc.
SOLEShares2.73K
TypeSH
Market value$5.22M
2.37%
Sole
2.28K
Shared
0.00
None
454.00
Mercadolibre Inc
SOLEShares2.17K
TypeSH
Market value$5.06M
2.30%
Sole
1.92K
Shared
0.00
None
246.00
Arch Capital Group Ltd
SOLEShares52.93K
TypeSH
Market value$4.80M
2.18%
Sole
49.06K
Shared
0.00
None
3.87K
Weyerhaeuser Co REIT
SOLEShares180.68K
TypeSH
Market value$4.48M
2.03%
Sole
173.03K
Shared
0.00
None
7.65K
Guardant Health, Inc.
SOLEShares63.29K
TypeSH
Market value$3.95M
1.80%
Sole
59.19K
Shared
0.00
None
4.09K
Johnson & Johnson
SOLEShares17.24K
TypeSH
Market value$3.20M
1.45%
Sole
16.79K
Shared
0.00
None
450.00
Franco-Nevada Corp
SOLEShares14.16K
TypeSH
Market value$3.16M
1.43%
Sole
12.75K
Shared
0.00
None
1.41K
Berkshire Hathaway Class B
SOLEShares6.19K
TypeSH
Market value$3.11M
1.41%
Sole
5.69K
Shared
0.00
None
500.00
Southern Company
SOLEShares32.84K
TypeSH
Market value$3.11M
1.41%
Sole
32.84K
Shared
0.00
None
0.00
Alphabet Inc. Class C
SOLEShares12.21K
TypeSH
Market value$2.97M
1.35%
Sole
10.53K
Shared
0.00
None
1.68K
Nu Holdings Ltd.
SOLEShares179.20K
TypeSH
Market value$2.87M
1.30%
Sole
154.95K
Shared
0.00
None
24.25K
Duke Energy Corp
SOLEShares22.23K
TypeSH
Market value$2.75M
1.25%
Sole
20.77K
Shared
0.00
None
1.45K
Coupang, Inc.
SOLEShares84.47K
TypeSH
Market value$2.72M
1.23%
Sole
68.87K
Shared
0.00
None
15.60K
Brookfield Asset Management Ltd.
SOLEShares42.65K
TypeSH
Market value$2.43M
1.10%
Sole
40.04K
Shared
0.00
None
2.61K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Microsoft CorporationSOLE | COM | 45.53K | SH | $23.58M 10.71% | 42.26K | 0.00 | 3.27K |
JPMorgan Chase & CoSOLE | COM | 48.21K | SH | $15.21M 6.90% | 48.21K | 0.00 | 0.00 |
Blackstone Group IncSOLE | COM | 86.74K | SH | $14.82M 6.73% | 82.44K | 0.00 | 4.30K |
Brookfield Corp F Class ASOLE | CL A LTD VT SH | 173.10K | SH | $11.87M 5.39% | 160.45K | 0.00 | 12.65K |
Home DepotSOLE | COM | 29.24K | SH | $11.85M 5.38% | 25.84K | 0.00 | 3.40K |
Alphabet Inc. Class ASOLE | CAP STK CL A | 43.98K | SH | $10.69M 4.85% | 40.39K | 0.00 | 3.60K |
Qualcomm Inc.SOLE | COM | 55.51K | SH | $9.23M 4.19% | 54.19K | 0.00 | 1.32K |
PhenixFIN CorporationSOLE | COM | 172.94K | SH | $8.21M 3.73% | 120.06K | 0.00 | 52.88K |
Union Pacific Corp.SOLE | COM | 33.71K | SH | $7.97M 3.62% | 33.71K | 0.00 | 0.00 |
American Express Co.SOLE | COM | 23.40K | SH | $7.77M 3.53% | 21.50K | 0.00 | 1.90K |
Merck & Co. Inc.SOLE | COM | 90.18K | SH | $7.64M 3.47% | 84.80K | 0.00 | 5.38K |
Markel Group Inc.SOLE | COM | 2.73K | SH | $5.22M 2.37% | 2.28K | 0.00 | 454.00 |
Mercadolibre IncSOLE | COM | 2.17K | SH | $5.06M 2.30% | 1.92K | 0.00 | 246.00 |
Arch Capital Group LtdSOLE | ORD | 52.93K | SH | $4.80M 2.18% | 49.06K | 0.00 | 3.87K |
Weyerhaeuser Co REITSOLE | COM NEW | 180.68K | SH | $4.48M 2.03% | 173.03K | 0.00 | 7.65K |
Guardant Health, Inc.SOLE | COM | 63.29K | SH | $3.95M 1.80% | 59.19K | 0.00 | 4.09K |
Johnson & JohnsonSOLE | COM | 17.24K | SH | $3.20M 1.45% | 16.79K | 0.00 | 450.00 |
Franco-Nevada CorpSOLE | COM | 14.16K | SH | $3.16M 1.43% | 12.75K | 0.00 | 1.41K |
Berkshire Hathaway Class BSOLE | CL B NEW | 6.19K | SH | $3.11M 1.41% | 5.69K | 0.00 | 500.00 |
Southern CompanySOLE | COM | 32.84K | SH | $3.11M 1.41% | 32.84K | 0.00 | 0.00 |
Alphabet Inc. Class CSOLE | CAP STK CL C | 12.21K | SH | $2.97M 1.35% | 10.53K | 0.00 | 1.68K |
Nu Holdings Ltd.SOLE | ORD SHS CL A | 179.20K | SH | $2.87M 1.30% | 154.95K | 0.00 | 24.25K |
Duke Energy CorpSOLE | COM NEW | 22.23K | SH | $2.75M 1.25% | 20.77K | 0.00 | 1.45K |
Coupang, Inc.SOLE | CL A | 84.47K | SH | $2.72M 1.23% | 68.87K | 0.00 | 15.60K |
Brookfield Asset Management Ltd.SOLE | CL A LMT VTG SHS | 42.65K | SH | $2.43M 1.10% | 40.04K | 0.00 | 2.61K |
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