Adalta Capital Management LLC
SEC Form 13F institutional filer · CIK 0001698926
13F-HR · 54 reported holdings · 2026-03-31
Reported long-US-equity value
$0.15B
Top-10 concentration
65.4%
Adalta Capital Management LLC — $150M AUM allocation strategy
Adalta Capital Management LLC files SEC Form 13F and reports $150M of long US equity value across 54 reported holdings for 2026-03-31.
Its largest sector bet is Financials 27.1%, followed by Information Technology 17.2% and Health Care 9.9%.
The top 10 holdings account for 65% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Adalta Capital Management LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$150M
total across 54 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
65% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$SLB +7.7K sh · +$869K+$WY +7.1K sh · +$297K+$EQT +3.75K sh · +$378K
Biggest trims (shares)
−$IVZ −18.3K sh · −$410K−$MSFT −5.75K sh · −$7.26M−$GOOG −4.83K sh · −$2.49M
Exited to nil (held last quarter, gone now)
None this quarter
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Pharmaceuticals9.9%—
- Interactive Media & Services9.7%—
- Systems Software9.7%—
- Diversified Banks9.3%—
- Asset Management & Custody Banks7.4%—
- Home Improvement Retail6.4%—
- Rail Transportation5.5%—
- Semiconductors4.6%—
- Other holdings37.4%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $MSFT | Microsoft Corporation | 39.5K | $14.6M | -5.75K | 9.7% |
| $JPM | JP Morgan Chase & Co | 47.6K | $14M | -70 | 9.3% |
| $BX | Blackstone Inc | 148K | $11.2M | -1.5K | 7.4% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 38.4K | $11M | -4.83K | 7.4% |
| $MRK | Merck & Company Inc | 88.6K | $10.7M | -989 | 7.1% |
| $HD | Home Depot Inc | 29.2K | $9.61M | -10 | 6.4% |
| $UNP | Union Pacific Corporation | 33.7K | $8.17M | +0 | 5.4% |
| $QCOM | QUALCOMM Incorporated | 53.5K | $6.88M | -2.45K | 4.6% |
| $AXP | American Express Company | 22.5K | $6.81M | -740 | 4.5% |
| $ACGL | Arch Capital Group Ltd | 53.9K | $5.18M | -1.11K | 3.4% |
…and 44 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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