ELCO Management Co., LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), ELCO Management Co., LLC reported 153 stock positions worth $163.8 million. Its top holding was Williams Cos (WMB) at 5.5% of the portfolio, followed by Cheniere Energy (LNG, 5.4%) and Energy Transfer (ET, 5.3%). Compared with Q4 2023, it opened 19 new positions, sold out of 7, added to 47 and reduced 59. The biggest buy was Nvidia (NVDA, shares +10%) and the biggest sale an exit from Pioneer Natural Resources (PXD).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001690717
Portfolio Value
$163.8M (Q1 2024)
SEC Filing
0001398344-24-009521 ↗ filed May 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $163.8M $163.8M Q1 2024 Q2 2024: $171.5M Q2 2024 Q3 2024: $185.0M Q3 2024 Q4 2024: $190.3M Q4 2024 Q1 2025: $180.7M Q1 2025 Q2 2025: $190.6M Q2 2025 Q3 2025: $191.4M Q3 2025 Q4 2025: $158.6M Q4 2025 Q1 2026: $208.4M Q1 2026 Q2 2026: $231.9M Q2 2026

Holdings 153 stocks · $163.8M
WMB Williams Cos Inc. 5.47% 229,796 $9.0M Reduce -4.1%
LNG Cheniere Energy Inc. 5.35% 54,388 $8.8M Add +4.8%
ET Energy Transfer LP 5.31% 552,593 $8.7M Add +0.2%
TRGP Targa Resources Corp. 4.22% 61,747 $6.9M Reduce -0.4%
AMZN Amazon.com Inc. 3.42% 31,094 $5.6M Add +2.4%
MSFT Microsoft Corp. 3.38% 13,144 $5.5M Add +9.9%
AAPL Apple Inc. 3.30% 31,517 $5.4M Reduce -2.4%
HXL Hexcel Corp. 3.24% 72,880 $5.3M Reduce -7.3%
GOOG Alphabet Inc. Class C 2.75% 29,626 $4.5M Reduce -0.4%
SPY SS SPDR S&P 500 ETF Trust-US 2.48% 7,772 $4.1M Add +0.9%
MPLX MPLX LP 2.30% 90,588 $3.8M Reduce -4.8%
ABBV Abbvie Inc. 2.01% 18,056 $3.3M No change
HD Home Depot Inc. 1.97% 8,409 $3.2M Add +0.3%
PAA Plains All Amer Pipeline LP 1.75% 162,857 $2.9M Reduce -0.3%
XYLD Global X S&P 500 Cove Call E 1.56% 62,600 $2.6M Reduce -2.5%
HUBB Hubbell Inc. 1.32% 5,195 $2.2M No change
ABT Abbott Laboratories 1.29% 18,603 $2.1M Reduce -0.3%
WES Western Midstream Partners L 1.28% 58,935 $2.1M Reduce -0.4%
OKE Oneok Inc. 1.18% 24,111 $1.9M Reduce -11.0%
AWK American Water Works Co. Inc. 1.18% 15,805 $1.9M Reduce -17.7%
GEL Genesis Energy L.P. 1.15% 170,134 $1.9M Add +2.5%
HON Honeywell International Inc. 1.14% 9,086 $1.9M Add +0.2%
JEPI JPMorgan Equity Premium Inco 1.07% 30,400 $1.8M Add +4.8%
EPD Enterprise Products Partners 1.03% 57,906 $1.7M Reduce -3.5%
JPM JPMorgan Chase & Co. 0.98% 8,052 $1.6M Reduce -0.2%
NVDA Nvidia Corp. 0.93% 1,690 $1.5M Add +9.6%
PG The Procter & Gamble Co. 0.91% 9,225 $1.5M Reduce -0.6%
NEE Nextera Energy Inc. 0.90% 22,997 $1.5M Add +3.7%
SUN Sunoco LP 0.89% 24,216 $1.5M Reduce -0.0%
ILMN Illumina Inc. 0.85% 10,130 $1.4M Add +14.7%
BA The Boeing Co. 0.83% 7,074 $1.4M Reduce -1.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.81% 10,831 $1.3M Add +1.2%
ICE Intercontinental Exchange Inc. 0.80% 9,545 $1.3M No change
RTX RTX Corp. 0.79% 13,296 $1.3M Add +3.7%
CL Colgate-Palmolive Co. 0.74% 13,500 $1.2M No change
PFE Pfizer Inc. 0.70% 41,092 $1.1M Add +4.1%
SRE Sempra 0.63% 14,440 $1.0M Reduce -8.9%
MCD McDonald's Corp. 0.63% 3,675 $1.0M Reduce -5.9%
PRI Primerica Inc. 0.62% 4,000 $1.0M No change
MAR Marriott International Class A 0.61% 3,966 $1.0M No change
STZ Constellation Brands Inc. Class A 0.57% 3,410 $927K No change
SCHB Schwab US Broad Market ETF 0.55% 14,700 $897K Add +70.9%
WTTR Select Water Solutions Inc. 0.53% 94,393 $871K Reduce -23.5%
EQT Eqt Corp. 0.52% 22,900 $849K Reduce -28.0%
XYL Xylem Inc. 0.52% 6,546 $846K Add +15.2%
CARR Carrier Global Corp. 0.52% 14,551 $846K No change
VBNK Versabank 0.52% 79,708 $845K Reduce -21.2%
XLK SS Technology Select Sector 0.48% 3,743 $780K Add +5.6%
IXJ iShares Global Healthcare Et 0.48% 8,358 $779K Add +1.2%
XLF SS Financial Select Sector 0.47% 18,305 $771K Add +28.9%
BAH Booz Allen Hamilton Holdings 0.45% 5,000 $742K No change
XLI SS Industrial Select Sector 0.43% 5,580 $703K Add +86.0%
XETYX Eaton Vance Tax-MGD Div Eqty 0.42% 52,000 $695K Reduce -7.8%
JNJ Johnson & Johnson 0.42% 4,363 $690K Reduce -0.4%
OTIS Otis Worldwide Corp. 0.42% 6,937 $689K No change
NEXT Nextdecade Corp. 0.42% 119,967 $681K Add +33.5%
WTRG Essential Utilities Inc. 0.41% 18,352 $680K Add +45.7%
USCB Uscb Financial Holdings Inc. 0.41% 59,287 $676K Reduce -1.1%
FRST Primis Financial Corp. 0.41% 55,208 $672K Reduce -1.1%
QYLD Global X Nasd 100 Cov Call 0.38% 35,100 $629K No change
LNKB Linkbancorp Inc. 0.38% 89,749 $623K Reduce -1.1%
GLW Corning Inc. 0.38% 18,791 $619K Reduce -8.0%
PFS Provident Financial Services 0.37% 42,155 $614K Add +7.6%
PAGP Plains GP Holdings LP 0.37% 33,027 $603K Add +1.0%
ARLP Alliance Resource Partners 0.36% 29,430 $590K Add +8.5%
PPA Invesco Aerospace & Defense 0.36% 5,798 $589K Add +4.5%
CNM Core & Main Inc. Class A 0.34% 9,851 $564K Reduce -46.5%
ETRN Equitrans Midstream Corp. 0.34% 44,744 $559K Reduce -3.2%
CVS CVS Health Corp. 0.33% 6,804 $543K No change
IYW iShares Ustechnology ETF 0.33% 3,960 $535K Add +13.1%
KVUE Kenvue Inc. 0.33% 24,825 $533K Add +36.7%
CSX CSX Corp. 0.31% 13,685 $507K No change
OLED Universal Display Corp. 0.31% 3,000 $505K No change
ECL Ecolab Inc. 0.30% 2,157 $498K Add +1.6%
VLTO Veralto Corp. 0.29% 5,359 $475K New
MAS Masco Corp. 0.29% 5,983 $472K Reduce -8.7%
SRLN SS Blackstone Sr Loan ETF 0.29% 11,200 $472K New
SPYI Neos S&P 500 High Income ETF 0.29% 9,300 $468K New
CMI Cummins Inc. 0.28% 1,570 $463K No change
YORW York Water Co. filed as YORK WTR CO 0.28% 12,691 $460K Add +1.8%
XLE SS Energy Select Sector 0.28% 4,850 $458K Add +70.2%
EQBK Equity Bancshares Inc. Class A 0.28% 13,258 $456K Reduce -1.1%
XEVGX Eaton Vance Short Dur Div Inc. 0.28% 43,075 $455K Reduce -2.3%
KO The Coca-Cola Co. 0.27% 7,341 $449K Reduce -0.4%
BFST Business First Bancshares 0.27% 19,722 $439K Reduce -1.1%
UBER Uber Technologies Inc. 0.27% 5,660 $436K Add +8.8%
GTLS Chart Industries Inc. 0.26% 2,600 $428K New
MDT Medtronic PLC 0.26% 4,907 $428K Reduce -12.8%
SHBI Shore Bancshares Inc. 0.26% 36,944 $425K Reduce -1.1%
FELE Franklin Electric Co. Inc. 0.26% 3,972 $424K Add +1.8%
GWRS Global Water Resources Inc. 0.25% 31,914 $410K Add +1.8%
DHR Danaher Corp. 0.25% 1,634 $408K Reduce -0.9%
IWM iShares Russell 2000 ETF 0.24% 1,905 $401K Add +46.0%
QCOM Qualcomm Inc. 0.24% 2,350 $398K Reduce -4.1%
GSK GSK PLC-Spon ADR 0.24% 9,163 $393K Reduce -15.4%
CSQ Calamos Strat TTL RTRN FND 0.24% 23,623 $387K Reduce -2.4%
ZBH Zimmer Biomet Holdings Inc. 0.23% 2,870 $379K Reduce -11.4%
POOL Pool Corp. 0.23% 933 $376K Add +1.6%
BRK.B Berkshire Hathaway Inc. Class B 0.23% 895 $376K No change
BDJ BlackRock Enhanced Eqty DVD 0.23% 45,184 $373K Reduce -2.8%
SWIM Latham Group Inc. 0.22% 90,000 $356K New
XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP 0.21% 11,451 $344K Add +51.2%
LBAI Lakeland Bancorp Inc. 0.20% 27,507 $333K Reduce -4.3%
XLY SS Consumer Disc Select Sect 0.20% 1,770 $325K New
KMI Kinder Morgan Inc. 0.20% 17,742 $325K Reduce -3.9%
MNSB Mainstreet Bancshares Inc. 0.20% 17,780 $323K Reduce -1.1%
VMI Valmont Industries 0.20% 1,401 $320K Reduce -47.6%
BCAL California Bancorp filed as SOUTHERN CALIF BANCORP 0.19% 21,368 $319K Reduce -1.1%
ETJ Eaton Vance RSK-MGD Divers 0.19% 38,099 $318K No change
NGL NGL Energy Partners LP 0.19% 54,295 $313K Reduce -6.1%
BXSL Blackstone Secured Lending F 0.19% 10,000 $312K New
ZWS Zurn Elkay Water Solutions C 0.19% 9,287 $311K Add +1.1%
DFAU Dimensional US Core Equity M 0.19% 8,430 $308K New
WMT Walmart Inc. 0.17% 4,542 $273K New
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.17% 5,000 $271K New
AWR American States Water Co. filed as AMER STATES WTR CO 0.17% 3,749 $271K Add +17.0%
V Visa Inc. Class A 0.17% 970 $271K Reduce -5.1%
XLV SS Health Care Select Sector 0.16% 1,815 $268K Reduce -10.4%
BST BlackRock Science & Tech TR 0.16% 7,200 $266K No change
ARCC Ares Capital Corp. 0.15% 12,000 $250K No change
PR Permian Resources Corp. Class A 0.15% 14,072 $249K New
KTOS Kratos Defense & Security 0.15% 13,500 $248K No change
SFST Southern First Bancshares 0.15% 7,617 $242K Reduce -1.1%
MA Mastercard Inc. Class A 0.15% 495 $238K No change
HRMY Harmony Biosciences Holdings 0.14% 6,955 $234K Add +4.2%
TTEK Tetra Tech Inc. 0.14% 1,253 $231K Reduce -35.8%
ITA iShares U.S. Aerospace & Def 0.14% 1,750 $231K Reduce -45.3%
HACK Amplify Cybersecurity ETF 0.14% 3,600 $231K New
FSBC Five Star Bancorp 0.13% 9,786 $220K New
FAST Fastenal Co. 0.13% 2,815 $217K New
USA Liberty All Star Equity Fund 0.13% 30,084 $215K No change
NFE New Fortress Energy Inc. 0.13% 7,025 $215K Reduce -37.4%
CALB California Bancorp Inc. 0.13% 9,584 $211K Add +13.6%
NPWR Net Power Inc. 0.13% 18,450 $210K Add +0.5%
IVV iShares Core S&P 500 ETF 0.13% 399 $210K New
STWD Starwood Property Trust Inc. 0.13% 10,300 $209K No change
UTHR United Therapeutics Corp. 0.13% 911 $209K New
ARTNA Artesian Resources Corp. Class A 0.13% 5,572 $207K Add +1.8%
DE Deere & Co. 0.13% 500 $205K New
UTG Reaves Utility Income Fund 0.12% 7,500 $202K No change
BCRX Biocryst Pharmaceuticals Inc. 0.11% 36,021 $183K Add +17.5%
AES AES Corp. 0.11% 10,000 $179K New
MRBK Meridian Corp. 0.11% 18,022 $179K Reduce -1.1%
IMAX Imax Corp. 0.10% 10,500 $170K No change
MCN Xai Madison Equity Premium I filed as MADISON COVERED CALL & EQUIT 0.10% 23,223 $170K No change
FTF Franklin Ltd. Dur Inc. TR 0.09% 22,500 $141K Reduce -6.3%
CDZI Cadiz Inc. 0.07% 41,916 $122K New
GLDD Great Lakes Dredge & Dock Co. 0.06% 11,532 $101K Reduce -38.7%
RVSB Riverview Bancorp Inc. 0.04% 13,646 $64K Reduce -0.7%
CHRS Coherus Oncology Inc. 0.03% 20,480 $49K Add +34.8%
KPTI Karyopharm Therapeutics Inc. 0.03% 31,901 $48K Add +41.4%
NCV Virtus Convertible & Income 0.03% 13,000 $43K No change
LCTX Lineage Cell Therapeutics Inc. 0.01% 12,000 $18K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $400K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 328$400KReduce -7.1%

Total filed on the 13F, all lines: $164.2M.

Portfolio Sells Q4 2023 → Q1 2024
PXD Pioneer Natural Resources Co. Sold out 0.00% −0.82
AAPL Apple Inc. Reduce -2.4% 3.30% −0.81
HXL Hexcel Corp. Reduce -7.3% 3.24% −0.59
AWK American Water Works Co. Inc. Reduce -17.7% 1.18% −0.49
BA The Boeing Co. Reduce -1.1% 0.83% −0.40
EQT Eqt Corp. Reduce -28.0% 0.52% −0.29
SBS Cia Saneamento Basico DE-ADR Sold out 0.00% −0.26
VMI Valmont Industries Reduce -47.6% 0.20% −0.22
VBNK Versabank Reduce -21.2% 0.52% −0.22
CWEN Clearway Energy Inc. Class C Sold out 0.00% −0.16
SRE Sempra Reduce -8.9% 0.63% −0.15
NFE New Fortress Energy Inc. Reduce -37.4% 0.13% −0.15
CNM Core & Main Inc. Class A Reduce -46.5% 0.34% −0.15
FBMS First Bancshares Inc. Sold out 0.00% −0.14
LNN Lindsay Corp. Sold out 0.00% −0.14
CWCO Consolidated Water Co.-Ord SH Sold out 0.00% −0.14
MCD McDonald's Corp. Reduce -5.9% 0.63% −0.13
ITA iShares U.S. Aerospace & Def Reduce -45.3% 0.14% −0.13
XYLD Global X S&P 500 Cove Call E Reduce -2.5% 1.56% −0.11
MNSB Mainstreet Bancshares Inc. Reduce -1.1% 0.20% −0.10
LNKB Linkbancorp Inc. Reduce -1.1% 0.38% −0.10
SHBI Shore Bancshares Inc. Reduce -1.1% 0.26% −0.09
WTTR Select Water Solutions Inc. Reduce -23.5% 0.53% −0.09
LBAI Lakeland Bancorp Inc. Reduce -4.3% 0.20% −0.08
OKE Oneok Inc. Reduce -11.0% 1.18% −0.08
TTEK Tetra Tech Inc. Reduce -35.8% 0.14% −0.07
USCB Uscb Financial Holdings Inc. Reduce -1.1% 0.41% −0.07
SUN Sunoco LP Reduce -0.0% 0.89% −0.07
ABT Abbott Laboratories Reduce -0.3% 1.29% −0.07
MRBK Meridian Corp. Reduce -1.1% 0.11% −0.06
FRST Primis Financial Corp. Reduce -1.1% 0.41% −0.06
BFST Business First Bancshares Reduce -1.1% 0.27% −0.06
BCAL California Bancorp Reduce -1.1% 0.19% −0.05
WMB Williams Cos Inc. Reduce -4.1% 5.47% −0.05
MDT Medtronic PLC Reduce -12.8% 0.26% −0.05
SWN Southwestern Energy Co. Sold out 0.00% −0.04
SFST Southern First Bancshares Reduce -1.1% 0.15% −0.04
GLDD Great Lakes Dredge & Dock Co. Reduce -38.7% 0.06% −0.03
GLW Corning Inc. Reduce -8.0% 0.38% −0.03
JNJ Johnson & Johnson Reduce -0.4% 0.42% −0.03
XETYX Eaton Vance Tax-MGD Div Eqty Reduce -7.8% 0.42% −0.03
ZBH Zimmer Biomet Holdings Inc. Reduce -11.4% 0.23% −0.03
GSK GSK PLC-Spon ADR Reduce -15.4% 0.24% −0.03
XEVGX Eaton Vance Short Dur Div Inc. Reduce -2.3% 0.28% −0.02
EQBK Equity Bancshares Inc. Class A Reduce -1.1% 0.28% −0.02
NGL NGL Energy Partners LP Reduce -6.1% 0.19% −0.02
RVSB Riverview Bancorp Inc. Reduce -0.7% 0.04% −0.02
XLV SS Health Care Select Sector Reduce -10.4% 0.16% −0.02
GOOG Alphabet Inc. Class C Reduce -0.4% 2.75% −0.02
KMI Kinder Morgan Inc. Reduce -3.9% 0.20% −0.02

Portfolio Buys Q4 2023 → Q1 2024
NVDA Nvidia Corp. Add +9.6% 0.93% +0.43
MSFT Microsoft Corp. Add +9.9% 3.38% +0.40
AMZN Amazon.com Inc. Add +2.4% 3.42% +0.37
VLTO Veralto Corp. New 0.29% +0.29
SRLN SS Blackstone Sr Loan ETF New 0.29% +0.29
SPYI Neos S&P 500 High Income ETF New 0.29% +0.29
ET Energy Transfer LP Add +0.2% 5.31% +0.28
GTLS Chart Industries Inc. New 0.26% +0.26
SCHB Schwab US Broad Market ETF Add +70.9% 0.55% +0.23
SWIM Latham Group Inc. New 0.22% +0.22
XLI SS Industrial Select Sector Add +86.0% 0.43% +0.20
XLY SS Consumer Disc Select Sect New 0.20% +0.20
BXSL Blackstone Secured Lending F New 0.19% +0.19
DFAU Dimensional US Core Equity M New 0.19% +0.19
DIS The Walt Disney Co. Add +1.2% 0.81% +0.17
WMT Walmart Inc. New 0.17% +0.17
JEPQ JPM Nasdaq Equity Premium New 0.17% +0.17
PR Permian Resources Corp. Class A New 0.15% +0.15
HACK Amplify Cybersecurity ETF New 0.14% +0.14
FSBC Five Star Bancorp New 0.13% +0.13
NEXT Nextdecade Corp. Add +33.5% 0.42% +0.13
FAST Fastenal Co. New 0.13% +0.13
IVV iShares Core S&P 500 ETF New 0.13% +0.13
UTHR United Therapeutics Corp. New 0.13% +0.13
DE Deere & Co. New 0.13% +0.13
XLE SS Energy Select Sector Add +70.2% 0.28% +0.12
XLF SS Financial Select Sector Add +28.9% 0.47% +0.12
AES AES Corp. New 0.11% +0.11
WTRG Essential Utilities Inc. Add +45.7% 0.41% +0.10
XYL Xylem Inc. Add +15.2% 0.52% +0.09
RTX RTX Corp. Add +3.7% 0.79% +0.08
CDZI Cadiz Inc. New 0.07% +0.07
IWM iShares Russell 2000 ETF Add +46.0% 0.24% +0.07
KVUE Kenvue Inc. Add +36.7% 0.33% +0.07
SPY SS SPDR S&P 500 ETF Trust-US Add +0.9% 2.48% +0.06
XIFR XPLR Infrastructure LP Add +51.2% 0.21% +0.06
UBER Uber Technologies Inc. Add +8.8% 0.27% +0.05
HD Home Depot Inc. Add +0.3% 1.97% +0.05
IYW iShares Ustechnology ETF Add +13.1% 0.33% +0.04
ILMN Illumina Inc. Add +14.7% 0.85% +0.04
ECL Ecolab Inc. Add +1.6% 0.30% +0.03
XLK SS Technology Select Sector Add +5.6% 0.48% +0.03
PAGP Plains GP Holdings LP Add +1.0% 0.37% +0.02
PPA Invesco Aerospace & Defense Add +4.5% 0.36% +0.02
JEPI JPMorgan Equity Premium Inco Add +4.8% 1.07% +0.02
KPTI Karyopharm Therapeutics Inc. Add +41.4% 0.03% +0.02
ZWS Zurn Elkay Water Solutions C Add +1.1% 0.19% +0.01
FELE Franklin Electric Co. Inc. Add +1.8% 0.26% +0.01
NEE Nextera Energy Inc. Add +3.7% 0.90% +0.01
NPWR Net Power Inc. Add +0.5% 0.13% +0.01

Notes & Other Activity Q4 2023 → Q1 2024
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Reduce -7.1% 328 $400K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 174$231.9MWMB, TRGP, LNG, ET, XLI
Q1 2026 170$208.4MWMB, LNG, TRGP, ET, AAPL
Q4 2025 156$158.6MGOOG, AAPL, WMB, AMZN, MSFT
Q3 2025 163$191.4MLNG, WMB, TRGP, ET, AAPL
Q2 2025 155$190.6MLNG, WMB, TRGP, ET, MSFT
Q1 2025 154$180.7MLNG, TRGP, WMB, ET, AAPL
Q4 2024 158$190.3MLNG, WMB, ET, TRGP, AAPL
Q3 2024 162$185.0MLNG, WMB, TRGP, ET, AAPL
Q2 2024 155$171.5MLNG, WMB, ET, TRGP, AAPL
Q1 2024 153$163.8MWMB, LNG, ET, TRGP, AMZN