Adalta Capital Management Llc
- Regulatory AUM
- $306M
- Discretionary
- $303M
- Clients
- 74
- Avg AUM / client
- $4.1M
- Accounts
- 193
- Employees
- 3
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Investments (13F portfolio — 97 positions, $209,058,621)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Microsoft Corporation | COM | $14,612,091 | 39,474 | 6.99% | 4.78% |
| 2 | Jp Morgan Chase & Co | COM | $14,004,958 | 47,610 | 6.7% | 4.58% |
| 3 | Alphabet Inc. Class A | CAP STK CL A | $11,047,768 | 38,419 | 5.28% | 3.62% |
| 4 | Merck & Co. Inc. | COM | $10,732,499 | 88,591 | 5.13% | 3.51% |
| 5 | Brookfield Corp F Class A | CL A LTD VT SH | $10,727,909 | 265,083 | 5.13% | 3.51% |
| 6 | Blackstone Group Inc | COM | $9,972,048 | 86,721 | 4.77% | 3.26% |
| 7 | Home Depot | COM | $9,605,890 | 29,207 | 4.59% | 3.14% |
| 8 | Union Pacific Corp. | COM | $8,172,655 | 33,685 | 3.91% | 2.67% |
| 9 | Qualcomm Inc. | COM | $6,884,132 | 53,457 | 3.29% | 2.25% |
| 10 | Phenix Fin Corporation | COM | $6,861,925 | 175,569 | 3.28% | 2.25% |
| 11 | American Express Co. | COM | $6,806,707 | 22,503 | 3.26% | 2.23% |
| 12 | Guardant Health, Inc. | COM | $5,678,261 | 61,473 | 2.72% | 1.86% |
| 13 | Markel Group Inc. | COM | $5,311,545 | 2,775 | 2.54% | 1.74% |
| 14 | Arch Capital Group Ltd | ORD | $5,175,877 | 53,921 | 2.48% | 1.69% |
| 15 | Mercadolibre Inc | COM | $4,600,922 | 2,661 | 2.2% | 1.51% |
| 16 | Weyerhaeuser Co Reit | COM NEW | $4,265,038 | 174,582 | 2.04% | 1.4% |
| 17 | Johnson & Johnson | COM | $4,178,946 | 17,096 | 2.0% | 1.37% |
| 18 | Alphabet Inc. Class C | CAP STK CL C | $3,565,383 | 12,429 | 1.71% | 1.17% |
| 19 | Berkshire Hathaway Class B | CL B NEW | $3,451,678 | 7,203 | 1.65% | 1.13% |
| 20 | Franco Nevada Corp | COM | $3,445,360 | 13,946 | 1.65% | 1.13% |
| 21 | Southern Company | COM | $3,169,524 | 32,838 | 1.52% | 1.04% |
| 22 | Duke Energy Corp | COM NEW | $2,942,877 | 22,475 | 1.41% | 0.96% |
| 23 | Nu Holdings Ltd. | ORD SHS CL A | $2,527,324 | 175,875 | 1.21% | 0.83% |
| 24 | Cisco Systems, Inc. | COM | $2,407,152 | 31,024 | 1.15% | 0.79% |
| 25 | Slb | COM STK | $2,268,661 | 43,894 | 1.09% | 0.74% |
Top 25 of 97 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 20 | $6.9M | 2.24% |
| High net worth individuals | 53 | $251M | 82.0% |
| Pooled investment vehicles (non-investment companies) | 1 | $718K | 0.23% |
| Pension and profit sharing plans | Fewer than 5 clients | $1.8M | 0.59% |
| Charitable organizations | Fewer than 5 clients | $37.7M | 12.3% |
| Corporations and other businesses | Fewer than 5 clients | $7.9M | 2.58% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $5.0M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Fund 1 | Private Equity Fund | Delaware | $2.4M | 14 |
| Fund 2 | Private Equity Fund | Delaware | $950K | 10 |
| Fund 6 | Private Equity Fund | Delaware | $700K | 8 |
| Fund 3 | Private Equity Fund | Delaware | $500K | 12 |
| Fund 5 | Private Equity Fund | Delaware | $203K | 3 |
| Fund 4 | Private Equity Fund | Delaware | $168K | 14 |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| David Edward Rappa | Member | Feb 2016 (11y) | 50% – 75% | |
| Zoe Austin Vlachos | Member, Chief Compliance Officer | Feb 2016 (11y) | 25% – 50% | |
| Maxwell Holt Snyder | Registered representative | Sep 2021 (5y) | ||
| Peter Austin Vlachos | Registered representative | Sep 2021 (5y) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (6, $5.0M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Fund 1 | Private Equity Fund | $2.4M | $100K | 14 |
| Fund 2 | Private Equity Fund | $950K | $100K | 10 |
| Fund 6 | Private Equity Fund | $700K | $50.0K | 8 |
| Fund 3 | Private Equity Fund | $500K | $25.0K | 12 |
| Fund 5 | Private Equity Fund | $203K | $50.0K | 3 |
| Fund 4 | Private Equity Fund | $168K | $25.0K | 14 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.18 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Selection of other advisers
Custody
Reported custodians
- Charles Schwab & Co. $208M (68% of AUM) Mar 2026
- J.P. Morgan $42.7M (14% of AUM) Mar 2026
- Merrill Lynch $36.8M (12% of AUM) Mar 2026
- National Financial Services (Fidelity) $27.9M (13% of AUM) Mar 2021
- Mufg Union Bank, National Association $18.0M (10% of AUM) Apr 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗