Adalta Capital Management LLC

CIK 0001698926 · Q2 2026

13F Equity AUM

$227.8M

+9.0% QoQ

Positions

103

+6 QoQ

AUM Rank

#7,573

Top 60%

Skill Alpha (FF)

-2.7%/yr

Underperformer

Rank #6,584 · Top 79%

vs S&P -3.9%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 28.4%Top 10: 49.3%Top 20: 71.5%

JPM6.8%

MSFT6.3%

GOOGL5.7%

MRK4.9%

BN4.8%

BX4.3%

HD4.3%

QCOM4.2%

UNP4.0%

GH4.0%

Others (93)50.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services33.5%

Technology16.4%

Healthcare12.9%

Communication Services7.5%

Consumer Cyclical7.2%

Industrials6.3%

Energy5.1%

Utilities4.2%

Other6.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 103Median: 0.31%Avg: 0.97%

0–0.5%

67(14.2%)

0.5–1%

12(8.9%)

1–3%

12(21.1%)

3–5%

9(37.0%)

5%+

3(18.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 103vs 20 funds

0%Low

103

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New12Increased16Decreased49Exited6

New Positions

BMEZ0.3%

+37K

Honeywell Internatio…0.2%

+2K

Honeywell Aerospace …0.2%

+2K

NOW0.2%

+4K

VRSN0.1%

+1K

NVDA0.1%

+1K

CB0.1%

+600

GLW0.1%

+700

BSTZ0.1%

+6K

NML0.1%

+15K

Increased

ATAI0.1%

+21K(+189%)

USFR0.5%

+12K(+125%)

BRW0.7%

+7K(+3%)

INTC0.3%

+2K(+38%)

LB0.4%

+1K(+13%)

UTF0.1%

+1K(+12%)

PFX3.3%

+1K(+1%)

DHR0.8%

+798(+9%)

AMAT0.6%

+655(+57%)

TPL0.5%

+390(+20%)

Decreased

BN4.8%

-11,137(-4%)

NU1.0%

-8,800(-5%)

CPNG0.6%

-4,905(-6%)

WY1.8%

-4,052(-2%)

GRABW0.1%

-4,000(-6%)

BEPC0.3%

-3,850(-17%)

BX4.3%

-2,450(-3%)

GOOGL5.7%

-2,140(-6%)

BMY0.4%

-2,034(-11%)

EQT0.4%

-1,775(-10%)

Exited

HON

-3,626

SLQD

-6,600

-1,700

JEPI

-3,000

STIP

-1,000

T0V

-2,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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