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0001698926-24-000003.txt : 20240516 0001698926-24-000003.hdr.sgml : 20240516 20240515210548 ACCESSION NUMBER: 0001698926-24-000003 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240516 DATE AS OF CHANGE: 20240515 EFFECTIVENESS DATE: 20240516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Adalta Capital Management LLC CENTRAL INDEX KEY: 0001698926 ORGANIZATION NAME: IRS NUMBER: 812481155 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-18082 FILM NUMBER: 24953333 BUSINESS ADDRESS: STREET 1: 445 PARK AVENUE STREET 2: SUITE 16D CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128325135 MAIL ADDRESS: STREET 1: 445 PARK AVENUE STREET 2: SUITE 16D CITY: NEW YORK STATE: NY ZIP: 10022 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001698926 XXXXXXXX 03-31-2024 03-31-2024 Adalta Capital Management LLC

445 PARK AVENUE SUITE 16D NEW YORK NY 10022

13F HOLDINGS REPORT 028-18082 000283771 801-107823 N Zoe Vlachos Member 2128325107 Zoe Vlachos New York NY 05-15-2024 0 127 181064998 false INFORMATION TABLE 2 adalta_03312024.xml Akoustis Technologies, Inc. COM 00973N102 94576 160000 SH SOLE 60000 0 100000 Alibaba Group ADR SPONSORED ADS 01609W102 767016 10600 SH SOLE 7100 0 3500 Alphabet Inc. Class A CAP STK CL A 02079K305 30186 200 SH OTR 200 0 0 Alphabet Inc. Class A CAP STK CL A 02079K305 6593377 43685 SH SOLE 40090 0 3595 Alphabet Inc. Class C CAP STK CL C 02079K107 30452 200 SH OTR 200 0 0 Alphabet Inc. Class C CAP STK CL C 02079K107 1104646 7255 SH SOLE 5575 0 1680 American Express Co. COM 025816109 91076 400 SH OTR 400 0 0 American Express Co. COM 025816109 5741203 25215 SH SOLE 23315 0 1900 Apple Inc. COM 037833100 992869 5790 SH SOLE 5790 0 0 Applied Materials COM 038222105 216542 1050 SH SOLE 1050 0 0 Arch Capital Group Ltd ORD G0450A105 23110 250 SH OTR 250 0 0 Arch Capital Group Ltd ORD G0450A105 4871403 52698 SH SOLE 48556 0 4142 Arcos Dorados Holdings Inc-A SHS CLASS -A - G0457F107 111200 10000 SH SOLE 0 0 10000 Bank of America COM 060505104 98592 2600 SH SOLE 2600 0 0 Baxter International COM 071813109 1030698 23953 SH SOLE 23503 0 450 Berkshire Hathaway Class B CL B NEW 084670702 2604280 6193 SH SOLE 5693 0 500 Blackstone Group Inc COM 09260D107 105096 800 SH OTR 800 0 0 Blackstone Group Inc COM 09260D107 11874009 90386 SH SOLE 86061 0 4325 Blackstone Mortgage Trust COM CL A 09257W100 1420410 69187 SH SOLE 66572 0 2615 Boeing COM 097023105 1920058 9949 SH SOLE 9949 0 0 Bristol-Myers Squibb COM 110122108 10846 200 SH OTR 200 0 0 Bristol-Myers Squibb COM 110122108 1012854 18677 SH SOLE 14952 0 3725 Brookfield Asset Management Ltd. CL A LMT VTG SHS 113004105 14539 346 SH OTR 346 0 0 Brookfield Asset Management Ltd. CL A LMT VTG SHS 113004105 1813079 43148 SH SOLE 40539 0 2609 Brookfield Corp F Class A CL A LTD VT SH 11271J107 58074 1387 SH OTR 1387 0 0 Brookfield Corp F Class A CL A LTD VT SH 11271J107 7081306 169126 SH SOLE 157452 0 11674 Brookfield Renewable LP PARTNERSHIP UNIT G16258108 555197 23900 SH SOLE 23000 0 900 Brookfield Renewable C F Class A CL A SUB VTG 11284V105 146413 5959 SH SOLE 5734 0 225 BWX Technologies Inc COM 05605H100 194978 1900 SH SOLE 750 0 1150 Cambria Tail Risk ETF TAIL RISK 132061862 117326 9600 SH SOLE 9600 0 0 Canadian National Railway Co. COM 136375102 2100775 15950 SH SOLE 15950 0 0 Chevron Corp. COM 166764100 1434330 9093 SH SOLE 7489 0 1604 Cisco Systems, Inc. COM 17275R102 1555894 31174 SH SOLE 31174 0 0 Civeo Corp COM NEW 17878Y207 214800 8000 SH SOLE 0 0 8000 CloudFlare, Inc. CL A COM 18915M107 59550 615 SH SOLE 615 0 0 Coca-Cola Company COM 191216100 346866 5625 SH SOLE 5625 0 0 Colgate-Palmolive Co COM 194162103 806848 8960 SH SOLE 2260 0 6700 Comcast Corporation CL A 20030N101 780300 18000 SH SOLE 18000 0 0 Commercial Metals Co COM 201723103 241695 4100 SH SOLE 4100 0 0 Consolidated Edison COM 209115104 18162 200 SH OTR 200 0 0 Consolidated Edison COM 209115104 705321 7767 SH SOLE 7367 0 400 Costco Wholesale Co COM 22160K105 117221 160 SH SOLE 160 0 0 Coupang, Inc. CL A 22266T109 1385147 77861 SH SOLE 62762 0 15099 Crane Company COMMON STOCK 224408104 73646 545 SH SOLE 195 0 350 Deere & Co COM 244199105 777428 1886 SH SOLE 1751 0 135 Despegar.Com Corp ORD SHS G27358103 119600 10000 SH SOLE 0 0 10000 Devon Energy Corp COM 25179M103 151795 3025 SH SOLE 2925 0 100 Diageo PLC F Sponsored ADR SPON ADR NEW 25243Q205 439803 2925 SH SOLE 2925 0 0 Dominion Resources, Inc COM 25746U109 319735 6500 SH SOLE 6500 0 0 Duke Energy Corp COM NEW 26441C204 1544265 15968 SH SOLE 14793 0 1175 Edison International COM 281020107 572080 8000 SH SOLE 8000 0 0 Eli Lilly & Company COM 532457108 921883 1185 SH SOLE 1180 0 5 Enbridge Inc COM 29250N105 462959 12796 SH SOLE 12000 0 796 Enovix Corporation COM 293594107 3605 450 SH OTR 450 0 0 Enovix Corporation COM 293594107 430786 53781 SH SOLE 53361 0 420 Enterprise Products Partners L.P. COM 293792107 439159 15050 SH SOLE 14900 0 150 ESAB Corp COM 29605J106 66378 600 SH SOLE 0 0 600 ExxonMobil Corp COM 30231G102 955609 8221 SH SOLE 4891 0 3330 Franco-Nevada Corp COM 351858105 32769 275 SH OTR 275 0 0 Franco-Nevada Corp COM 351858105 1324463 11115 SH SOLE 9017 0 2098 Generac Holdings Inc COM 368736104 136231 1080 SH SOLE 1080 0 0 General Mills Inc COM 370334104 156325 2234 SH SOLE 2234 0 0 Grab Holdings Ltd. CLASS A ORD G4124C109 256475 81680 SH SOLE 55828 0 25852 Guardant Health, Inc. COM 40131M109 14441 700 SH OTR 700 0 0 Guardant Health, Inc. COM 40131M109 1450763 70323 SH SOLE 65728 0 4595 Home Depot COM 437076102 268520 700 SH OTR 700 0 0 Home Depot COM 437076102 10841687 28263 SH SOLE 24863 0 3400 Honeywell International Inc. COM 438516106 330658 1611 SH SOLE 1611 0 0 Horizon Kinetics Blockchain Development ETF HORZN KINTCS BL 53656G209 75004 3000 SH SOLE 3000 0 0 Intuitive Surgical COM NEW 46120E602 149659 375 SH SOLE 375 0 0 Johnson & Johnson COM 478160104 31638 200 SH OTR 200 0 0 Johnson & Johnson COM 478160104 2858651 18071 SH SOLE 17621 0 450 JPMorgan Chase & Co COM 46625H100 9812497 48989 SH SOLE 48989 0 0 Kimberly-Clark Corp COM 494368103 131223 1005 SH SOLE 1005 0 0 Markel Group Inc. COM 570535104 38037 25 SH OTR 25 0 0 Markel Group Inc. COM 570535104 2653461 1744 SH SOLE 1385 0 359 Marriott Vacations COM 57164Y107 893620 8295 SH SOLE 8295 0 0 Martin Marietta Matr COM 573284106 644637 1050 SH SOLE 1050 0 0 MDU Resources Group, Inc. COM 552690109 8864 350 SH OTR 350 0 0 MDU Resources Group, Inc. COM 552690109 145999 5765 SH SOLE 5275 0 490 Mercadolibre Inc COM 58733R102 15120 10 SH OTR 10 0 0 Mercadolibre Inc COM 58733R102 2024514 1339 SH SOLE 1192 0 147 Merck & Co. Inc. COM 58933Y105 132720 1000 SH OTR 1000 0 0 Merck & Co. Inc. COM 58933Y105 11846587 89260 SH SOLE 83882 0 5378 Microsoft Corporation COM 594918104 357612 850 SH OTR 850 0 0 Microsoft Corporation COM 594918104 22255247 52898 SH SOLE 49186 0 3712 National Western Life CL A 638517102 152508 310 SH SOLE 310 0 0 NextEra Energy, Inc. COM 65339F101 255640 4000 SH SOLE 4000 0 0 Nu Holdings Ltd. ORD SHS CL A G6683N103 790064 66225 SH SOLE 45025 0 21200 Oaktree Specialty Lending Corporation COM 67401P405 19660 1000 SH OTR 1000 0 0 Oaktree Specialty Lending Corporation COM 67401P405 756419 38475 SH SOLE 38475 0 0 Obsidian Energy Ltd. COM 674482203 412578 50192 SH SOLE 20192 0 30000 OGE Energy Corp. COM 670837103 420175 12250 SH SOLE 12250 0 0 Paypal Holdings Inc COM 70450Y103 446823 6670 SH SOLE 6020 0 650 Penn NTNL Gaming COM 707569109 163544 8981 SH SOLE 8981 0 0 PG&E Corporation COM 69331C108 611937 36490 SH SOLE 33990 0 2500 PhenixFIN Corporation COM 71742W103 10805 245 SH OTR 245 0 0 PhenixFIN Corporation COM 71742W103 6245822 142064 SH SOLE 91064 0 51000 Philip Morris International Inc. COM 718172109 203495 2190 SH SOLE 2000 0 190 Portland General Electric Co. COM NEW 736508847 1738502 40930 SH SOLE 40230 0 700 Procter & Gamble COM 742718109 614765 3789 SH SOLE 3789 0 0 ProShares Ultrapro Short S&P 500 ETF ULTRAPRO SHORT S 74347B110 99484 15400 SH SOLE 5400 0 10000 Qualcomm Inc. COM 747525103 9584979 56615 SH SOLE 55290 0 1325 Raytheon Technologies Co COM 75513E101 126789 1300 SH SOLE 1300 0 0 Regeneron Pharms Inc COM 75886F107 235810 245 SH SOLE 245 0 0 Ryerson Holding Corporation COM 783754104 158288 4725 SH SOLE 1925 0 2800 Saba Capital Income & Opportunities Fund SHS NEW 78518H202 12393 1700 SH OTR 1700 0 0 Saba Capital Income & Opportunities Fund SHS NEW 78518H202 353565 48500 SH SOLE 48500 0 0 Saba Closed End Funds ETF SABA INT RATE 30151E806 22220 1075 SH OTR 1075 0 0 Saba Closed End Funds ETF SABA INT RATE 30151E806 517990 25060 SH SOLE 25060 0 0 Science Applications Inte COM 808625107 143429 1100 SH SOLE 0 0 1100 Skyward Specialty Insurance COM 830940102 74820 2000 SH SOLE 0 0 2000 Skywater Technology Inc COM 83089J108 91530 9000 SH SOLE 0 0 9000 SLB COM STK 806857108 2137084 38794 SH SOLE 37944 0 850 Snowflake Inc. CL A 833445109 281184 1740 SH SOLE 1485 0 255 Southern Company COM 842587107 2001259 27896 SH SOLE 27896 0 0 Sportradar Group AG CLASS A ORD SHS H8088L103 197007 16925 SH SOLE 5925 0 11000 The Williams Companies, Inc. COM 969457100 58455 1500 SH SOLE 1500 0 0 Thermo Fisher Scientific COM 883556102 19193 33 SH SOLE 33 0 0 Tidewater Inc. COM 88642R109 46000 500 SH SOLE 0 0 500 Union Pacific Corp. COM 907818108 98372 400 SH OTR 400 0 0 Union Pacific Corp. COM 907818108 8270978 33605 SH SOLE 33605 0 0 Vaneck Vectors Green Bond ETF GREEN BOND ETF 92189F171 195773 8250 SH SOLE 8250 0 0 Viper Energy Inc Class A CL A 927959106 284796 7405 SH SOLE 3905 0 3500 Weyerhaeuser Co REIT COM NEW 962166104 53865 1500 SH OTR 1500 0 0 Weyerhaeuser Co REIT COM NEW 962166104 6498525 180967 SH SOLE 173317 0 7650