ELCO Management Co., LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), ELCO Management Co., LLC reported 162 stock positions worth $185.0 million. Its top holding was Cheniere Energy (LNG) at 5.5% of the portfolio, followed by Williams Cos (WMB, 5.2%) and Targa Resources (TRGP, 4.9%). Compared with Q2 2024, it opened 18 new positions, sold out of 11, added to 38 and reduced 73. The biggest buy was a new position in Firstsun Capital Bancorp (FSUN) and the biggest sale Alphabet Class C (GOOG, shares −0%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001690717
Portfolio Value
$185.0M (Q3 2024)
SEC Filing
0001398344-24-020830 ↗ filed Nov 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $163.8M Q1 2024 Q2 2024: $171.5M Q2 2024 Q3 2024: $185.0M $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 162 stocks · $185.0M
LNG Cheniere Energy Inc. 5.45% 56,081 $10.1M Add +0.4%
WMB Williams Cos Inc. 5.22% 211,719 $9.7M Reduce -0.2%
TRGP Targa Resources Corp. 4.88% 61,023 $9.0M Reduce -0.5%
ET Energy Transfer LP 4.82% 555,153 $8.9M Add +0.3%
AAPL Apple Inc. 4.17% 33,104 $7.7M Reduce -0.7%
AMZN Amazon.com Inc. 3.17% 31,496 $5.9M Reduce -0.3%
MSFT Microsoft Corp. 3.06% 13,177 $5.7M Reduce -0.1%
GOOG Alphabet Inc. Class C 2.65% 29,280 $4.9M Reduce -0.5%
SPY SS SPDR S&P 500 ETF Trust-US 2.42% 7,794 $4.5M Add +0.1%
HXL Hexcel Corp. 2.35% 70,310 $4.3M Reduce -0.0%
MPLX MPLX LP 2.22% 92,569 $4.1M Add +1.9%
ABBV Abbvie Inc. 1.93% 18,056 $3.6M No change
HD Home Depot Inc. 1.84% 8,398 $3.4M Reduce -0.4%
PAA Plains All Amer Pipeline LP 1.54% 163,549 $2.8M Add +0.1%
XYLD Global X S&P 500 Cove Call E 1.36% 60,700 $2.5M Reduce -2.3%
GEL Genesis Energy L.P. 1.36% 188,271 $2.5M Reduce -0.0%
NVDA Nvidia Corp. 1.30% 19,735 $2.4M Add +14.4%
NEE Nextera Energy Inc. 1.29% 28,293 $2.4M Add +0.9%
HUBB Hubbell Inc. 1.19% 5,154 $2.2M Reduce -0.0%
WES Western Midstream Partners L 1.17% 56,408 $2.2M Reduce -0.0%
OKE Oneok Inc. 1.16% 23,461 $2.1M Add +0.0%
ABT Abbott Laboratories 1.15% 18,603 $2.1M No change
AWK American Water Works Co. Inc. 1.14% 14,465 $2.1M Reduce -5.2%
HON Honeywell International Inc. 1.01% 9,079 $1.9M Reduce -0.8%
JEPI JPMorgan Equity Premium Inco 0.96% 29,800 $1.8M Reduce -0.3%
EPD Enterprise Products Partners 0.92% 58,155 $1.7M Reduce -0.0%
JPM JPMorgan Chase & Co. 0.90% 7,881 $1.7M Reduce -0.1%
SCHB Schwab US Broad Market ETF 0.88% 24,350 $1.6M Add +24.2%
RTX RTX Corp. 0.86% 13,201 $1.6M Reduce -0.3%
EQT Eqt Corp. 0.85% 43,073 $1.6M Add +68.9%
PG The Procter & Gamble Co. 0.84% 8,940 $1.5M Reduce -0.2%
ILMN Illumina Inc. 0.78% 11,076 $1.4M Reduce -0.9%
CL Colgate-Palmolive Co. 0.76% 13,500 $1.4M No change
ICE Intercontinental Exchange Inc. 0.75% 8,598 $1.4M Reduce -9.9%
SUN Sunoco LP 0.70% 24,095 $1.3M Reduce 0.0%
VBNK Versabank 0.64% 89,420 $1.2M Add +7.8%
CARR Carrier Global Corp. 0.62% 14,364 $1.2M Reduce -1.3%
FSUN Firstsun Capital Bancorp 0.62% 27,115 $1.2M New
PFE Pfizer Inc. 0.61% 38,697 $1.1M Reduce -3.7%
PRI Primerica Inc. 0.57% 4,000 $1.1M No change
PFS Provident Financial Services 0.56% 55,784 $1.0M Reduce -3.5%
BA The Boeing Co. 0.56% 6,761 $1.0M Reduce -2.2%
CNM Core & Main Inc. Class A 0.55% 22,818 $1.0M Add +31.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.54% 10,331 $994K Reduce -0.6%
MAR Marriott International Class A 0.53% 3,945 $981K Reduce -0.5%
FRST Primis Financial Corp. 0.50% 76,586 $933K Add +38.8%
SWIM Latham Group Inc. 0.50% 136,193 $926K Add +39.3%
MCD McDonald's Corp. 0.49% 2,965 $903K No change
USCB Uscb Financial Holdings Inc. 0.48% 58,209 $888K No change
STZ Constellation Brands Inc. Class A 0.47% 3,390 $874K No change
XLK SS Technology Select Sector 0.47% 3,818 $862K Reduce -5.6%
CSX CSX Corp. 0.46% 24,685 $852K Reduce -0.1%
BAH Booz Allen Hamilton Holdings 0.44% 5,000 $814K No change
IXJ iShares Global Healthcare Et 0.43% 8,036 $789K Reduce -1.5%
XLF SS Financial Select Sector 0.42% 17,155 $777K Reduce -0.6%
XYL Xylem Inc. 0.42% 5,742 $775K No change
NEXT Nextdecade Corp. 0.41% 160,603 $756K Add +17.0%
HESM Hess Midstream LP Class A 0.41% 21,320 $752K Add +14.8%
ARLP Alliance Resource Partners 0.40% 29,750 $744K Add +0.4%
GLW Corning Inc. 0.40% 16,301 $736K No change
XLI SS Industrial Select Sector 0.39% 5,280 $715K No change
WTRG Essential Utilities Inc. 0.39% 18,502 $714K Add +0.8%
XETYX Eaton Vance Tax-MGD Div Eqty 0.39% 48,710 $714K Reduce -4.1%
WTTR Select Water Solutions Inc. 0.38% 63,316 $705K Reduce -22.8%
OTIS Otis Worldwide Corp. 0.38% 6,675 $694K Reduce -3.8%
JNJ Johnson & Johnson 0.36% 4,113 $667K Reduce -1.3%
PPA Invesco Aerospace & Defense 0.35% 5,682 $653K Reduce -0.3%
AMTB Amerant Bancorp Inc. 0.35% 29,961 $640K New
QYLD Global X Nasd 100 Cov Call 0.34% 35,000 $631K Add +0.6%
OLED Universal Display Corp. 0.34% 3,000 $630K No change
DFAU Dimensional US Core Equity M 0.34% 15,680 $622K Add +68.1%
PAGP Plains GP Holdings LP 0.33% 33,152 $613K Add +1.2%
BCAL California Bancorp 0.33% 40,795 $603K Add +52.5%
NGL NGL Energy Partners LP 0.31% 129,420 $582K Add +19.1%
VST Vistra Corp. 0.31% 4,900 $581K New
IWM iShares Russell 2000 ETF 0.31% 2,555 $564K No change
SRE Sempra 0.30% 6,742 $564K Reduce -0.3%
KVUE Kenvue Inc. 0.30% 23,930 $554K Reduce -3.6%
SRLN SS Blackstone Sr Loan ETF 0.30% 13,200 $551K Add +17.9%
KO The Coca-Cola Co. 0.28% 7,106 $511K No change
CMI Cummins Inc. 0.27% 1,570 $508K No change
UBER Uber Technologies Inc. 0.27% 6,660 $501K Add +8.1%
SPYI Neos S&P 500 High Income ETF 0.27% 9,575 $491K Add +1.3%
PNFP Pinnacle Financial Partners 0.26% 5,000 $490K New
XEVGX Eaton Vance Short Dur Div Inc. 0.26% 43,675 $488K Add +3.8%
IYW iShares Ustechnology ETF 0.26% 3,160 $479K Reduce -8.7%
AWR American States Water Co. filed as AMER STATES WTR CO 0.25% 5,658 $471K Reduce -22.7%
VLTO Veralto Corp. 0.25% 4,124 $461K Reduce -18.1%
DHR Danaher Corp. 0.24% 1,629 $453K No change
ZWS Zurn Elkay Water Solutions C 0.24% 12,575 $452K Add +35.4%
SHBI Shore Bancshares Inc. 0.24% 31,958 $447K Add +5.3%
XLG Invesco S&P 500 Top 50 ETF 0.23% 9,050 $430K Add +2.8%
LNKB Linkbancorp Inc. 0.23% 65,155 $418K Reduce -15.3%
KMI Kinder Morgan Inc. 0.23% 18,842 $416K Add +6.2%
BRK.B Berkshire Hathaway Inc. Class B 0.22% 895 $412K No change
EQBK Equity Bancshares Inc. Class A 0.22% 10,000 $409K Reduce -26.9%
CWT California Water Service Grp 0.22% 7,504 $407K No change
MNSB Mainstreet Bancshares Inc. 0.22% 21,786 $402K Add +18.6%
GWRS Global Water Resources Inc. 0.22% 31,914 $402K No change
MAS Masco Corp. 0.22% 4,769 $400K Reduce -20.3%
QCOM Qualcomm Inc. 0.22% 2,350 $400K No change
CSQ Calamos Strat TTL RTRN FND 0.21% 22,424 $389K Reduce -2.2%
XLE SS Energy Select Sector 0.21% 4,350 $382K No change
XLY SS Consumer Disc Select Sect 0.20% 1,870 $375K No change
WMT Walmart Inc. 0.20% 4,561 $368K Reduce -0.1%
C Citigroup Inc. 0.20% 5,774 $361K Add +50.4%
ITA iShares U.S. Aerospace & Def 0.19% 2,400 $359K Add +37.1%
PNR Pentair PLC 0.19% 3,623 $354K Reduce -14.2%
MDT Medtronic PLC 0.19% 3,913 $352K Reduce -5.5%
POOL Pool Corp. 0.19% 929 $350K Reduce -41.6%
BFST Business First Bancshares 0.19% 13,388 $344K Reduce -34.1%
ARTNA Artesian Resources Corp. Class A 0.18% 9,024 $336K Reduce -18.5%
CVS CVS Health Corp. 0.18% 5,330 $335K Reduce -2.8%
VMI Valmont Industries 0.18% 1,136 $329K Reduce -24.3%
ETJ Eaton Vance RSK-MGD Divers 0.18% 35,433 $326K Reduce -3.8%
YORW York Water Co. filed as YORK WTR CO 0.18% 8,655 $324K Reduce -31.8%
BDJ BlackRock Enhanced Eqty DVD 0.18% 37,442 $324K Reduce -5.4%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.17% 4,000 $323K Reduce -15.8%
CLMT Calumet Inc. 0.17% 18,000 $321K New
TTEK Tetra Tech Inc. 0.17% 6,565 $310K No change
KTOS Kratos Defense & Security 0.17% 13,200 $308K No change
ZBH Zimmer Biomet Holdings Inc. 0.16% 2,701 $292K Reduce -5.6%
ENLC Enlink Midstream LLC 0.16% 20,055 $291K New
CIVB Civista Bancshares Inc. 0.16% 16,180 $288K New
BXSL Blackstone Secured Lending F 0.15% 9,700 $284K Reduce -4.9%
MOFG Midwestone Financial Group I 0.15% 9,861 $281K New
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.15% 5,100 $280K Add +6.3%
XLV SS Health Care Select Sector 0.15% 1,815 $280K No change
WMS Advanced Drainage Systems Inc. 0.15% 1,773 $279K New
SFST Southern First Bancshares 0.14% 7,842 $267K No change
AOS Smith (a.o.) Corp. 0.14% 2,913 $262K New
UTG Reaves Utility Income Fund 0.14% 7,950 $261K Add +0.6%
V Visa Inc. Class A 0.14% 944 $260K Reduce -2.7%
MYFW First Western Financial Inc. 0.14% 12,792 $256K Add +12.1%
MA Mastercard Inc. Class A 0.13% 495 $244K No change
HACK Amplify Cybersecurity ETF 0.13% 3,575 $244K Reduce -0.7%
CWEN Clearway Energy Inc. Class C 0.13% 7,945 $244K New
UTHR United Therapeutics Corp. 0.13% 677 $243K Reduce -7.3%
GSK GSK PLC-Spon ADR 0.13% 5,933 $243K Reduce -2.9%
HRMY Harmony Biosciences Holdings 0.13% 6,044 $242K New
GOOGL Alphabet Inc. Class A 0.13% 1,455 $241K No change
MRBK Meridian Corp. 0.13% 18,587 $235K No change
LMT Lockheed Martin Corp. 0.13% 400 $234K New
AXP American Express Co. 0.12% 850 $231K New
GTLS Chart Industries Inc. 0.12% 1,825 $227K Reduce -60.5%
ARCC Ares Capital Corp. 0.12% 10,700 $224K Reduce -0.9%
IVV iShares Core S&P 500 ETF 0.12% 379 $219K Reduce -5.0%
GLDD Great Lakes Dredge & Dock Co. 0.12% 20,457 $215K Reduce -32.6%
IMAX Imax Corp. 0.12% 10,500 $215K No change
BST BlackRock Science & Tech TR 0.11% 5,954 $211K Reduce -7.0%
USA Liberty All Star Equity Fund 0.11% 29,454 $209K Reduce -1.1%
DE Deere & Co. 0.11% 500 $209K New
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 0.11% 2,500 $206K No change
FAST Fastenal Co. 0.11% 2,815 $201K New
JD Jd.com Inc.-ADR 0.11% 5,000 $200K New
FFWM First Foundation Inc. 0.10% 30,256 $189K Reduce -37.4%
DSL Doubleline Income Solutions 0.10% 14,200 $184K Add +37.9%
ATEC Alphatec Holdings Inc. 0.09% 29,867 $166K New
MCN Xai Madison Equity Premium I filed as MADISON COVERED CALL & EQUIT 0.09% 22,223 $158K Reduce -4.3%
FTF Franklin Ltd. Dur Inc. TR 0.06% 17,700 $118K No change
KPTI Karyopharm Therapeutics Inc. 0.01% 16,177 $13K Reduce -17.7%
LCTX Lineage Cell Therapeutics Inc. 0.01% 12,000 $11K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $370K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 288$369KAdd +9.5%
ADVENT CONVERTIBLE AND INCOM RIGHT 10/17/2024 14,000$279New

Total filed on the 13F, all lines: $185.4M.

Portfolio Sells Q2 2024 → Q3 2024
GOOG Alphabet Inc. Class C Reduce -0.5% 2.65% −0.50
AMZN Amazon.com Inc. Reduce -0.3% 3.17% −0.39
MSFT Microsoft Corp. Reduce -0.1% 3.06% −0.37
ETRN Equitrans Midstream Corp. Sold out 0.00% −0.27
GTLS Chart Industries Inc. Reduce -60.5% 0.12% −0.27
HXL Hexcel Corp. Reduce -0.0% 2.35% −0.21
GEL Genesis Energy L.P. Reduce -0.0% 1.36% −0.21
AES AES Corp. Sold out 0.00% −0.20
BA The Boeing Co. Reduce -2.2% 0.56% −0.18
WES Western Midstream Partners L Reduce -0.0% 1.17% −0.14
CWCO Consolidated Water Co.-Ord SH Sold out 0.00% −0.13
WTTR Select Water Solutions Inc. Reduce -22.8% 0.38% −0.13
CALB California Bancorp Inc. Sold out 0.00% −0.13
HON Honeywell International Inc. Reduce -0.8% 1.01% −0.13
NPWR Net Power Inc. Sold out 0.00% −0.12
BCRX Biocryst Pharmaceuticals Inc. Sold out 0.00% −0.11
STWD Starwood Property Trust Inc. Sold out 0.00% −0.11
XYLD Global X S&P 500 Cove Call E Reduce -2.3% 1.36% −0.10
YORW York Water Co. Reduce -31.8% 0.18% −0.10
POOL Pool Corp. Reduce -41.6% 0.19% −0.10
SUN Sunoco LP Reduce 0.0% 0.70% −0.10
FFWM First Foundation Inc. Reduce -37.4% 0.10% −0.08
CDZI Cadiz Inc. Sold out 0.00% −0.08
BFST Business First Bancshares Reduce -34.1% 0.19% −0.07
EPD Enterprise Products Partners Reduce -0.0% 0.92% −0.07
XLK SS Technology Select Sector Reduce -5.6% 0.47% −0.07
DIS The Walt Disney Co. Reduce -0.6% 0.54% −0.06
VMI Valmont Industries Reduce -24.3% 0.18% −0.06
EQBK Equity Bancshares Inc. Class A Reduce -26.9% 0.22% −0.06
AWR American States Water Co. Reduce -22.7% 0.25% −0.05
PFE Pfizer Inc. Reduce -3.7% 0.61% −0.05
LNKB Linkbancorp Inc. Reduce -15.3% 0.23% −0.05
ARTNA Artesian Resources Corp. Class A Reduce -18.5% 0.18% −0.05
IYW iShares Ustechnology ETF Reduce -8.7% 0.26% −0.04
GLDD Great Lakes Dredge & Dock Co. Reduce -32.6% 0.12% −0.04
RVSB Riverview Bancorp Inc. Sold out 0.00% −0.03
JPM JPMorgan Chase & Co. Reduce -0.1% 0.90% −0.03
VLTO Veralto Corp. Reduce -18.1% 0.25% −0.03
WMB Williams Cos Inc. Reduce -0.2% 5.22% −0.03
XETYX Eaton Vance Tax-MGD Div Eqty Reduce -4.1% 0.39% −0.03
JEPI JPMorgan Equity Premium Inco Reduce -0.3% 0.96% −0.03
MAR Marriott International Class A Reduce -0.5% 0.53% −0.03
BXSL Blackstone Secured Lending F Reduce -4.9% 0.15% −0.03
BST BlackRock Science & Tech TR Reduce -7.0% 0.11% −0.03
PG The Procter & Gamble Co. Reduce -0.2% 0.84% −0.02
ZBH Zimmer Biomet Holdings Inc. Reduce -5.6% 0.16% −0.02
CSX CSX Corp. Reduce -0.1% 0.46% −0.02
NCV Virtus Convertible & Income Sold out 0.00% −0.02
MCN Xai Madison Equity Premium I Reduce -4.3% 0.09% −0.02
MAS Masco Corp. Reduce -20.3% 0.22% −0.02

Portfolio Buys Q2 2024 → Q3 2024
FSUN Firstsun Capital Bancorp New 0.62% +0.62
AMTB Amerant Bancorp Inc. New 0.35% +0.35
SWIM Latham Group Inc. Add +39.3% 0.50% +0.33
VST Vistra Corp. New 0.31% +0.31
EQT Eqt Corp. Add +68.9% 0.85% +0.30
PNFP Pinnacle Financial Partners New 0.26% +0.26
CLMT Calumet Inc. New 0.17% +0.17
FRST Primis Financial Corp. Add +38.8% 0.50% +0.17
ENLC Enlink Midstream LLC New 0.16% +0.16
SCHB Schwab US Broad Market ETF Add +24.2% 0.88% +0.16
CIVB Civista Bancshares Inc. New 0.16% +0.16
MOFG Midwestone Financial Group I New 0.15% +0.15
WMS Advanced Drainage Systems Inc. New 0.15% +0.15
AOS Smith (a.o.) Corp. New 0.14% +0.14
NEE Nextera Energy Inc. Add +0.9% 1.29% +0.14
DFAU Dimensional US Core Equity M Add +68.1% 0.34% +0.13
CWEN Clearway Energy Inc. Class C New 0.13% +0.13
HRMY Harmony Biosciences Holdings New 0.13% +0.13
LMT Lockheed Martin Corp. New 0.13% +0.13
AXP American Express Co. New 0.12% +0.12
VBNK Versabank Add +7.8% 0.64% +0.12
BCAL California Bancorp Add +52.5% 0.33% +0.12
DE Deere & Co. New 0.11% +0.11
FAST Fastenal Co. New 0.11% +0.11
JD Jd.com Inc.-ADR New 0.11% +0.11
ATEC Alphatec Holdings Inc. New 0.09% +0.09
ZWS Zurn Elkay Water Solutions C Add +35.4% 0.24% +0.09
ITA iShares U.S. Aerospace & Def Add +37.1% 0.19% +0.06
C Citigroup Inc. Add +50.4% 0.20% +0.05
NVDA Nvidia Corp. Add +14.4% 1.30% +0.05
CNM Core & Main Inc. Class A Add +31.5% 0.55% +0.05
OKE Oneok Inc. Add +0.0% 1.16% +0.04
SHBI Shore Bancshares Inc. Add +5.3% 0.24% +0.04
MNSB Mainstreet Bancshares Inc. Add +18.6% 0.22% +0.03
MYFW First Western Financial Inc. Add +12.1% 0.14% +0.03
SRLN SS Blackstone Sr Loan ETF Add +17.9% 0.30% +0.03
DSL Doubleline Income Solutions Add +37.9% 0.10% +0.02
KMI Kinder Morgan Inc. Add +6.2% 0.23% +0.02
UTG Reaves Utility Income Fund Add +0.6% 0.14% +0.02
HESM Hess Midstream LP Class A Add +14.8% 0.41% +0.01
UBER Uber Technologies Inc. Add +8.1% 0.27% +0.01
XEVGX Eaton Vance Short Dur Div Inc. Add +3.8% 0.26% −0.00
XLG Invesco S&P 500 Top 50 ETF Add +2.8% 0.23% −0.00
JEPQ JPM Nasdaq Equity Premium Add +6.3% 0.15% −0.00
NGL NGL Energy Partners LP Add +19.1% 0.31% −0.01
SPYI Neos S&P 500 High Income ETF Add +1.3% 0.27% −0.01
WTRG Essential Utilities Inc. Add +0.8% 0.39% −0.01
QYLD Global X Nasd 100 Cov Call Add +0.6% 0.34% −0.02
ARLP Alliance Resource Partners Add +0.4% 0.40% −0.02
PAGP Plains GP Holdings LP Add +1.2% 0.33% −0.03

Notes & Other Activity Q2 2024 → Q3 2024
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +9.5% 288 $369K
ADVENT CONVERTIBLE AND INCOM RIGHT 10/17/2024 New 14,000 $279

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