Member

0001698926-24-000001.txt : 20240214 0001698926-24-000001.hdr.sgml : 20240214 20240214102835 ACCESSION NUMBER: 0001698926-24-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240214 DATE AS OF CHANGE: 20240214 EFFECTIVENESS DATE: 20240214 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: 24633734 BUSINESS ADDRESS: STREET 1: 452 FIFTH AVENUE STREET 2: 14TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 2128325135 MAIL ADDRESS: STREET 1: 452 FIFTH AVENUE STREET 2: 14TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001698926 XXXXXXXX 12-31-2023 12-31-2023 Adalta Capital Management LLC

452 FIFTH AVENUE 14TH FLOOR NEW YORK NY 10018

13F HOLDINGS REPORT 028-18082 000283771 801-107823 N ZOE VLACHOS Member 2128325107 ZOE VLACHOS New York NY 02-14-2024 0 121 165380740 false INFORMATION TABLE 2 adalta_12312023.xml Alibaba Group ADR SPONSORED ADS 01609W102 862372 10985 SH SOLE 7985 0 3000 Alphabet Inc. Class A CAP STK CL A 02079K305 27938 200 SH OTR 200 0 0 Alphabet Inc. Class A CAP STK CL A 02079K305 6028322 43155 SH SOLE 39560 0 3595 Alphabet Inc. Class C CAP STK CL C 02079K107 28186 200 SH OTR 200 0 0 Alphabet Inc. Class C CAP STK CL C 02079K107 1050633 7455 SH SOLE 5775 0 1680 American Express Co. COM 025816109 74936 400 SH OTR 400 0 0 American Express Co. COM 025816109 4621303 24668 SH SOLE 22768 0 1900 Apple Inc. COM 037833100 1456489 7565 SH SOLE 7565 0 0 Arch Capital Group Ltd ORD G0450A105 12997 175 SH OTR 175 0 0 Arch Capital Group Ltd ORD G0450A105 3652450 49178 SH SOLE 45061 0 4117 Bank of America COM 060505104 104377 3100 SH SOLE 3100 0 0 Baxter International COM 071813109 933000 23953 SH SOLE 23503 0 450 Berkshire Hathaway Class B CL B NEW 084670702 1909201 5353 SH SOLE 4853 0 500 Blackstone Group Inc COM 09260D107 104736 800 SH OTR 800 0 0 Blackstone Group Inc COM 09260D107 12092557 92366 SH SOLE 88041 0 4325 Blackstone Mortgage Trust COM CL A 09257W100 1521048 69486 SH SOLE 66871 0 2615 Boeing COM 097023105 2762735 10599 SH SOLE 10599 0 0 Bristol-Myers Squibb COM 110122108 10262 200 SH OTR 200 0 0 Bristol-Myers Squibb COM 110122108 960882 18727 SH SOLE 15002 0 3725 Brookfield Asset Management Ltd. CL A LMT VTG SHS 113004105 13899 346 SH OTR 346 0 0 Brookfield Asset Management Ltd. CL A LMT VTG SHS 113004105 1718553 42782 SH SOLE 40173 0 2609 Brookfield Corp F Class A CL A LTD VT SH 11271J107 55646 1387 SH OTR 1387 0 0 Brookfield Corp F Class A CL A LTD VT SH 11271J107 6711434 167284 SH SOLE 155035 0 12249 Brookfield Renewable LP PARTNERSHIP UNIT G16258108 631035 24012 SH SOLE 23112 0 900 Brookfield Renewable CF Class A CL A SUB VTG 11284V105 172337 5986 SH SOLE 5761 0 225 BWX Technologies Inc COM 05605H100 191825 2500 SH SOLE 1000 0 1500 Cambria Tail Risk ETF TAIL RISK 132061862 122976 9600 SH SOLE 9600 0 0 Canadian National Railway Co. COM 136375102 2003799 15950 SH SOLE 15950 0 0 Chevron Corp. COM 166764100 1360041 9118 SH SOLE 7514 0 1604 Cisco Systems, Inc. COM 17275R102 1620985 32086 SH SOLE 32086 0 0 Civeo Corp COM NEW 17878Y207 182800 8000 SH SOLE 0 0 8000 CloudFlare, Inc. CL A COM 18915M107 79097 950 SH SOLE 950 0 0 Coca-Cola Company COM 191216100 331481 5625 SH SOLE 5625 0 0 Colgate-Palmolive Co COM 194162103 714202 8960 SH SOLE 2260 0 6700 Comcast Corporation CL A 20030N101 789300 18000 SH SOLE 18000 0 0 Commercial Metals Co COM 201723103 145116 2900 SH SOLE 2900 0 0 Consolidated Edison COM 209115104 18194 200 SH OTR 200 0 0 Consolidated Edison COM 209115104 706564 7767 SH SOLE 7367 0 400 Costco Wholesale Co COM 22160K105 108013 160 SH SOLE 160 0 0 Coupang, Inc. CL A 22266T109 1352610 83546 SH SOLE 62447 0 21099 Crane Company COMMON STOCK 224408104 149447 1265 SH SOLE 265 0 1000 Deere & Co COM 244199105 730987 1821 SH SOLE 1571 0 250 Devon Energy Corp COM 25179M103 137033 3025 SH SOLE 2925 0 100 Dominion Resources, Inc COM 25746U109 305500 6500 SH SOLE 6500 0 0 Duke Energy Corp COM NEW 26441C204 843278 8690 SH SOLE 8690 0 0 Edison International COM 281020107 578160 8000 SH SOLE 8000 0 0 Eli Lilly & Company COM 532457108 588749 1010 SH SOLE 1005 0 5 Enbridge Inc COM 29250N105 460912 12796 SH SOLE 12000 0 796 Enovix Corporation COM 293594107 5634 450 SH OTR 450 0 0 Enovix Corporation COM 293594107 569172 45461 SH SOLE 45041 0 420 Enterprise Products Partners L.P. COM 293792107 384051 14575 SH SOLE 14425 0 150 ESAB Corp COM 29605J106 69344 800 SH SOLE 0 0 800 ExxonMobil Corp COM 30231G102 821936 8221 SH SOLE 4891 0 3330 Franco-Nevada Corp COM 351858105 30473 275 SH OTR 275 0 0 Franco-Nevada Corp COM 351858105 954074 8610 SH SOLE 7462 0 1148 Generac Holdings Inc COM 368736104 94345 730 SH SOLE 730 0 0 General Mills Inc COM 370334104 144219 2214 SH SOLE 2214 0 0 Grab Holdings Ltd. CLASS A ORD G4124C109 392305 116411 SH SOLE 83559 0 32852 Guardant Health, Inc. COM 40131M109 18935 700 SH OTR 700 0 0 Guardant Health, Inc. COM 40131M109 1643504 60758 SH SOLE 58663 0 2095 Home Depot COM 437076102 242585 700 SH OTR 700 0 0 Home Depot COM 437076102 9790731 28252 SH SOLE 24852 0 3400 Honeywell International Inc. COM 438516106 337843 1611 SH SOLE 1611 0 0 Horizon Kinetics Blockchain Development ETF HORZN KINTCS BL 53656G209 49103 2000 SH SOLE 2000 0 0 Hubspot Inc COM 443573100 98692 170 SH SOLE 170 0 0 Intuitive Surgical COM NEW 46120E602 126510 375 SH SOLE 375 0 0 Johnson & Johnson COM 478160104 31348 200 SH OTR 200 0 0 Johnson & Johnson COM 478160104 2722731 17371 SH SOLE 16921 0 450 JPMorgan Chase & Co COM 46625H100 8200351 48209 SH SOLE 48209 0 0 Kimberly-Clark Corp COM 494368103 123303 1005 SH SOLE 1005 0 0 Markel Group Inc. COM 570535104 35498 25 SH OTR 25 0 0 Markel Group Inc. COM 570535104 2365553 1666 SH SOLE 1308 0 358 Marriott Vacations COM 57164Y107 710619 8295 SH SOLE 8295 0 0 Martin Marietta Matr COM 573284106 523856 1050 SH SOLE 1050 0 0 MDU Resources Group, Inc. COM 552690109 6974 350 SH OTR 350 0 0 MDU Resources Group, Inc. COM 552690109 115303 5765 SH SOLE 5275 0 490 Mercadolibre Inc COM 58733R102 15715 10 SH OTR 10 0 0 Mercadolibre Inc COM 58733R102 1672119 1064 SH SOLE 884 0 180 Merck & Co. Inc. COM 58933Y105 109790 1000 SH OTR 1000 0 0 Merck & Co. Inc. COM 58933Y105 9670303 88080 SH SOLE 82702 0 5378 Microsoft Corporation COM 594918104 319634 850 SH OTR 850 0 0 Microsoft Corporation COM 594918104 19548815 51986 SH SOLE 48274 0 3712 NextEra Energy, Inc. COM 65339F101 242960 4000 SH SOLE 4000 0 0 Nu Holdings Ltd. ORD SHS CL A G6683N103 525623 63100 SH SOLE 40900 0 22200 Oaktree Specialty Lending Corporation COM 67401P405 303237 14850 SH SOLE 14850 0 0 Obsidian Energy Ltd. COM 674482203 329454 48592 SH SOLE 18592 0 30000 OGE Energy Corp. COM 670837103 1170155 33500 SH SOLE 33000 0 500 Paypal Holdings Inc COM 70450Y103 253316 4125 SH SOLE 3575 0 550 Penn NTNL Gaming COM 707569109 233686 8981 SH SOLE 8981 0 0 PG&E Corporation COM 69331C108 649891 36025 SH SOLE 33525 0 2500 PhenixFIN Corporation COM 71742W103 10351 245 SH OTR 245 0 0 PhenixFIN Corporation COM 71742W103 5702287 135469 SH SOLE 86719 0 48750 Philip Morris International Inc. COM 718172109 189806 1990 SH SOLE 1800 0 190 Portland General Electric Co. COM NEW 736508847 21908 500 SH OTR 500 0 0 Portland General Electric Co. COM NEW 736508847 2523230 57530 SH SOLE 54205 0 3325 Procter & Gamble COM 742718109 555387 3790 SH SOLE 3790 0 0 ProShares Short S&P500 SHORT S&P 500 NE 74347B425 285780 22000 SH SOLE 9000 0 13000 Qualcomm Inc. COM 747525103 8170181 56490 SH SOLE 55165 0 1325 Raytheon Technologies Co COM 75513E101 109382 1300 SH SOLE 1300 0 0 Regeneron Pharms Inc COM 75886F107 215181 245 SH SOLE 245 0 0 Ryerson Holding Corporation COM 783754104 225420 6500 SH SOLE 2500 0 4000 Saba Capital Income & Opportunities Fund SHS NEW 78518H202 381016 48175 SH SOLE 48175 0 0 Saba Closed End Funds ETF SABA INT RATE 30151E806 20393 1075 SH OTR 1075 0 0 Saba Closed End Funds ETF SABA INT RATE 30151E806 465903 24560 SH SOLE 24560 0 0 Science Applications Inte COM 808625107 158508 1275 SH SOLE 0 0 1275 Skyward Specialty Insurance COM 830940102 101640 3000 SH SOLE 0 0 3000 Skywater Technology Inc COM 83089J108 144300 15000 SH SOLE 0 0 15000 SLB COM STK 806857108 2078214 39744 SH SOLE 38894 0 850 Snowflake Inc. CL A 833445109 359195 1805 SH SOLE 1550 0 255 Southern Company COM 842587107 1911541 27261 SH SOLE 27261 0 0 Sportradar Group AG CLASS A ORD SHS H8088L103 110500 10000 SH SOLE 2000 0 8000 Sportsman's Warehouse Holding COM 84920Y106 55380 13000 SH SOLE 0 0 13000 The Williams Companies, Inc. COM 969457100 52245 1500 SH SOLE 1500 0 0 Thermo Fisher Scientific COM 883556102 17528 33 SH SOLE 33 0 0 Tidewater Inc. COM 88642R109 36055 500 SH SOLE 0 0 500 Union Pacific Corp. COM 907818108 98248 400 SH OTR 400 0 0 Union Pacific Corp. COM 907818108 8036686 32720 SH SOLE 32720 0 0 Vaneck Vectors Green Bond ETF GREEN BOND ETF 92189F171 196598 8250 SH SOLE 8250 0 0 Viper Energy Inc Class A CL A 927959106 203970 6500 SH SOLE 2500 0 4000 Weyerhaeuser Co REIT COM NEW 962166104 52155 1500 SH OTR 1500 0 0 Weyerhaeuser Co REIT COM NEW 962166104 6199665 178305 SH SOLE 170655 0 7650