Adalta Capital Management LLC

Q3 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
11/17/2025
Form type
13F-HR
Num holdings
102
Total value ($000)
$220,278
Net value change ($000)
+21,002 (10.5%)
New positions
11
Sold out positions
6
Turnover %
2.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 2,977 38.6%
BX 1,352 10.0%
USFR 1,307 NEW
JPM 1,231 8.8%
BN 1,231 11.6%
HD 1,127 10.5%
NU 1,067 59.2%
FNV 1,055 50.2%
AAPL 1,015 97.5%
MSFT 886 3.9%
Top Reduces (Value $000, Stocks/ETFs)
PYPL -462 -100.0%
PFX -409 -4.7%
OCSL -349 -100.0%
MELI -273 -5.1%
WY -169 -3.6%
CNI -158 -9.8%
VNOM Sub, Inc. -121 -100.0%
SRAD -105 -100.0%
CL -98 -12.1%
PM -90 -11.6%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type