ELCO Management Co., LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), ELCO Management Co., LLC reported 158 stock positions worth $190.3 million. Its top holding was Cheniere Energy (LNG) at 6.1% of the portfolio, followed by Williams Cos (WMB, 5.7%) and Energy Transfer (ET, 5.6%). Compared with Q3 2024, it opened 14 new positions, sold out of 18, added to 32 and reduced 87. The biggest buy was Amazon.com (AMZN, shares +3%) and the biggest sale Nextera Energy (NEE, shares −14%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001690717
Portfolio Value
$190.3M (Q4 2024)
SEC Filing
0001398344-25-002628 ↗ filed Feb 13, 2025

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 Q3 2024 Q4 2024: $190.3M $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 158 stocks · $190.3M
LNG Cheniere Energy Inc. 6.15% 54,439 $11.7M Reduce -2.9%
WMB Williams Cos Inc. 5.71% 200,806 $10.9M Reduce -5.2%
ET Energy Transfer LP 5.56% 540,477 $10.6M Reduce -2.6%
TRGP Targa Resources Corp. 5.41% 57,650 $10.3M Reduce -5.5%
AAPL Apple Inc. 4.12% 31,281 $7.8M Reduce -5.5%
AMZN Amazon.com Inc. 3.74% 32,435 $7.1M Add +3.0%
GOOG Alphabet Inc. Class C 2.80% 28,015 $5.3M Reduce -4.3%
MSFT Microsoft Corp. 2.78% 12,530 $5.3M Reduce -4.9%
SPY SS SPDR S&P 500 ETF Trust-US 2.39% 7,776 $4.6M Reduce -0.2%
MPLX MPLX LP 2.39% 95,208 $4.6M Add +2.9%
HXL Hexcel Corp. 2.20% 66,760 $4.2M Reduce -5.0%
ABBV Abbvie Inc. 1.67% 17,916 $3.2M Reduce -0.8%
HD Home Depot Inc. 1.63% 7,990 $3.1M Reduce -4.9%
NVDA Nvidia Corp. 1.45% 20,562 $2.8M Add +4.2%
PAA Plains All Amer Pipeline LP 1.38% 153,539 $2.6M Reduce -6.1%
XYLD Global X S&P 500 Cove Call E 1.29% 58,800 $2.5M Reduce -3.1%
SCHB Schwab US Broad Market ETF 1.26% 105,850 $2.4M Add +44.9%
OKE Oneok Inc. 1.23% 23,363 $2.3M Reduce -0.4%
WES Western Midstream Partners L 1.14% 56,397 $2.2M Reduce -0.0%
ABT Abbott Laboratories 1.09% 18,291 $2.1M Reduce -1.7%
HUBB Hubbell Inc. 1.07% 4,862 $2.0M Reduce -5.7%
HON Honeywell International Inc. 1.04% 8,739 $2.0M Reduce -3.7%
AWK American Water Works Co. Inc. 1.02% 15,548 $1.9M Add +7.5%
GEL Genesis Energy L.P. 1.00% 187,986 $1.9M Reduce -0.1%
EQT Eqt Corp. 0.98% 40,613 $1.9M Reduce -5.7%
VBNK Versabank 0.96% 132,121 $1.8M Add +47.8%
JPM JPMorgan Chase & Co. 0.94% 7,478 $1.8M Reduce -5.1%
SUN Sunoco LP 0.94% 34,790 $1.8M Add +44.4%
NEE Nextera Energy Inc. 0.92% 24,418 $1.8M Reduce -13.7%
JEPI JPMorgan Equity Premium Inco 0.90% 29,800 $1.7M No change
EPD Enterprise Products Partners 0.89% 53,951 $1.7M Reduce -7.2%
RTX RTX Corp. 0.77% 12,651 $1.5M Reduce -4.2%
PG The Procter & Gamble Co. 0.75% 8,510 $1.4M Reduce -4.8%
ICE Intercontinental Exchange Inc. 0.70% 8,923 $1.3M Add +3.8%
EQBK Equity Bancshares Inc. Class A 0.67% 30,279 $1.3M Add +202.8%
NEXT Nextdecade Corp. 0.67% 165,313 $1.3M Add +2.9%
CL Colgate-Palmolive Co. 0.64% 13,500 $1.2M No change
ILMN Illumina Inc. 0.60% 8,580 $1.1M Reduce -22.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.59% 10,106 $1.1M Reduce -2.2%
XYL Xylem Inc. 0.59% 9,624 $1.1M Add +67.6%
PRI Primerica Inc. 0.57% 4,000 $1.1M No change
FSUN Firstsun Capital Bancorp 0.57% 26,855 $1.1M Reduce -1.0%
UBER Uber Technologies Inc. 0.55% 17,487 $1.1M Add +162.6%
PFS Provident Financial Services 0.55% 55,514 $1.0M Reduce -0.5%
MAR Marriott International Class A 0.55% 3,740 $1.0M Reduce -5.2%
FRST Primis Financial Corp. 0.51% 84,008 $980K Add +9.7%
CARR Carrier Global Corp. 0.49% 13,784 $941K Reduce -4.0%
XLI SS Industrial Select Sector 0.49% 7,130 $939K Add +35.0%
XLK SS Technology Select Sector 0.47% 3,818 $888K No change
SWIM Latham Group Inc. 0.47% 127,535 $888K Reduce -6.4%
MCD McDonald's Corp. 0.46% 2,995 $868K Add +1.0%
HESM Hess Midstream LP Class A 0.45% 23,347 $865K Add +9.5%
BA The Boeing Co. 0.44% 4,767 $844K Reduce -29.5%
NGL NGL Energy Partners LP 0.41% 157,120 $784K Add +21.4%
GLW Corning Inc. 0.41% 16,301 $775K No change
USCB Uscb Financial Holdings Inc. 0.41% 43,522 $773K Reduce -25.2%
CSX CSX Corp. 0.40% 23,510 $759K Reduce -4.8%
STN Stantec Inc. 0.40% 6,684 $755K New
STZ Constellation Brands Inc. Class A 0.39% 3,390 $749K No change
ARLP Alliance Resource Partners 0.39% 28,240 $742K Reduce -5.1%
XETYX Eaton Vance Tax-MGD Div Eqty 0.37% 47,300 $707K Reduce -2.9%
DFAU Dimensional US Core Equity M 0.37% 17,180 $696K Add +9.6%
PFE Pfizer Inc. 0.35% 25,376 $673K Reduce -34.4%
WTTR Select Water Solutions Inc. 0.34% 49,574 $656K Reduce -21.7%
PPA Invesco Aerospace & Defense 0.34% 5,658 $649K Reduce -0.4%
BAH Booz Allen Hamilton Holdings 0.34% 5,000 $644K No change
IXJ iShares Global Healthcare Et 0.33% 7,409 $637K Reduce -7.8%
PAGP Plains GP Holdings LP 0.33% 33,954 $624K Add +2.4%
OTIS Otis Worldwide Corp. 0.32% 6,675 $618K No change
QYLD Global X Nasd 100 Cov Call 0.31% 32,800 $598K Reduce -6.3%
SRE Sempra 0.31% 6,740 $591K Reduce -0.0%
JNJ Johnson & Johnson 0.30% 4,013 $580K Reduce -2.4%
SRLN SS Blackstone Sr Loan ETF 0.29% 13,250 $553K Add +0.4%
IYW iShares Ustechnology ETF 0.29% 3,410 $544K Add +7.9%
CMI Cummins Inc. 0.28% 1,545 $539K Reduce -1.6%
BCAL California Bancorp 0.28% 32,556 $538K Reduce -20.2%
XLY SS Consumer Disc Select Sect 0.27% 2,295 $515K Add +22.7%
CNM Core & Main Inc. Class A 0.27% 10,063 $512K Reduce -55.9%
SPYI Neos S&P 500 High Income ETF 0.26% 9,575 $487K No change
GOOGL Alphabet Inc. Class A 0.25% 2,480 $469K Add +70.5%
XLF SS Financial Select Sector 0.25% 9,655 $467K Reduce -43.7%
SHBI Shore Bancshares Inc. 0.24% 28,642 $454K Reduce -10.4%
XLG Invesco S&P 500 Top 50 ETF 0.24% 9,050 $452K No change
CLMT Calumet Inc. 0.24% 20,350 $448K Add +13.1%
KVUE Kenvue Inc. 0.23% 20,930 $447K Reduce -12.5%
KMI Kinder Morgan Inc. 0.23% 16,221 $444K Reduce -13.9%
ETJ Eaton Vance RSK-MGD Divers 0.23% 47,595 $443K Add +34.3%
KO The Coca-Cola Co. 0.23% 7,106 $442K No change
OLED Universal Display Corp. 0.23% 3,000 $439K No change
ZWS Zurn Elkay Water Solutions C 0.22% 11,401 $425K Reduce -9.3%
DK Delek US Holdings Inc. 0.22% 22,855 $423K New
LNKB Linkbancorp Inc. 0.22% 56,171 $420K Reduce -13.8%
WTRG Essential Utilities Inc. 0.22% 11,552 $420K Reduce -37.6%
WMT Walmart Inc. 0.22% 4,561 $412K No change
VST Vistra Corp. 0.22% 2,975 $410K Reduce -39.3%
BRK.B Berkshire Hathaway Inc. Class B 0.21% 895 $406K No change
C Citigroup Inc. 0.21% 5,734 $404K Reduce -0.7%
CSQ Calamos Strat TTL RTRN FND 0.21% 22,324 $395K Reduce -0.5%
AWR American States Water Co. filed as AMER STATES WTR CO 0.21% 5,038 $392K Reduce -11.0%
MNSB Mainstreet Bancshares Inc. 0.20% 21,453 $388K Reduce -1.5%

Show all 158 holdings

Portfolio Sells Q3 2024 → Q4 2024
NEE Nextera Energy Inc. Reduce -13.7% 0.92% −0.37
GEL Genesis Energy L.P. Reduce -0.1% 1.00% −0.36
AMTB Amerant Bancorp Inc. Sold out 0.00% −0.35
IWM iShares Russell 2000 ETF Sold out 0.00% −0.31
MSFT Microsoft Corp. Reduce -4.9% 2.78% −0.29
CNM Core & Main Inc. Class A Reduce -55.9% 0.27% −0.28
PNFP Pinnacle Financial Partners Sold out 0.00% −0.26
ABBV Abbvie Inc. Reduce -0.8% 1.67% −0.25
PFE Pfizer Inc. Reduce -34.4% 0.35% −0.25
HD Home Depot Inc. Reduce -4.9% 1.63% −0.21
BFST Business First Bancshares Sold out 0.00% −0.19
CVS CVS Health Corp. Sold out 0.00% −0.18
ILMN Illumina Inc. Reduce -22.5% 0.60% −0.18
XLF SS Financial Select Sector Reduce -43.7% 0.25% −0.18
XLU St Sr Utl SL SE SPDR ETF-Usd Sold out 0.00% −0.17
WTRG Essential Utilities Inc. Reduce -37.6% 0.22% −0.17
PAA Plains All Amer Pipeline LP Reduce -6.1% 1.38% −0.16
MOFG Midwestone Financial Group I Sold out 0.00% −0.15
XLV SS Health Care Select Sector Sold out 0.00% −0.15
HXL Hexcel Corp. Reduce -5.0% 2.20% −0.15
AOS Smith (a.o.) Corp. Sold out 0.00% −0.14
GSK GSK PLC-Spon ADR Sold out 0.00% −0.13
HRMY Harmony Biosciences Holdings Sold out 0.00% −0.13
CARR Carrier Global Corp. Reduce -4.0% 0.49% −0.13
LMT Lockheed Martin Corp. Sold out 0.00% −0.13
HUBB Hubbell Inc. Reduce -5.7% 1.07% −0.12
GTLS Chart Industries Inc. Sold out 0.00% −0.12
BST BlackRock Science & Tech TR Sold out 0.00% −0.11
DE Deere & Co. Sold out 0.00% −0.11
BA The Boeing Co. Reduce -29.5% 0.44% −0.11
EXE Expand Energy Corp. Sold out 0.00% −0.11
XEVGX Eaton Vance Short Dur Div Inc. Reduce -38.7% 0.15% −0.11
JD Jd.com Inc.-ADR Sold out 0.00% −0.11
VST Vistra Corp. Reduce -39.3% 0.22% −0.10
RTX RTX Corp. Reduce -4.2% 0.77% −0.10
IXJ iShares Global Healthcare Et Reduce -7.8% 0.33% −0.09
ATEC Alphatec Holdings Inc. Sold out 0.00% −0.09
PG The Procter & Gamble Co. Reduce -4.8% 0.75% −0.09
XLE SS Energy Select Sector Reduce -39.1% 0.12% −0.09
USCB Uscb Financial Holdings Inc. Reduce -25.2% 0.41% −0.07
POOL Pool Corp. Reduce -30.4% 0.12% −0.07
XYLD Global X S&P 500 Cove Call E Reduce -3.1% 1.29% −0.07
KVUE Kenvue Inc. Reduce -12.5% 0.23% −0.06
CWT California Water Service Grp Reduce -12.7% 0.16% −0.06
CSX CSX Corp. Reduce -4.8% 0.40% −0.06
ABT Abbott Laboratories Reduce -1.7% 1.09% −0.06
FSUN Firstsun Capital Bancorp Reduce -1.0% 0.57% −0.06
MAS Masco Corp. Reduce -13.2% 0.16% −0.06
DHR Danaher Corp. Reduce -4.6% 0.19% −0.06
VLTO Veralto Corp. Reduce -12.7% 0.19% −0.06

Portfolio Buys Q3 2024 → Q4 2024
AMZN Amazon.com Inc. Add +3.0% 3.74% +0.57
EQBK Equity Bancshares Inc. Class A Add +202.8% 0.67% +0.45
STN Stantec Inc. New 0.40% +0.40
SCHB Schwab US Broad Market ETF Add +44.9% 1.26% +0.39
VBNK Versabank Add +47.8% 0.96% +0.32
UBER Uber Technologies Inc. Add +162.6% 0.55% +0.28
NEXT Nextdecade Corp. Add +2.9% 0.67% +0.26
SUN Sunoco LP Add +44.4% 0.94% +0.24
DK Delek US Holdings Inc. New 0.22% +0.22
LESLIES INC New 0.18% +0.18
MPLX MPLX LP Add +2.9% 2.39% +0.17
XYL Xylem Inc. Add +67.6% 0.59% +0.17
PLTR Palantir Technologies Inc. Class A New 0.16% +0.16
NVDA Nvidia Corp. Add +4.2% 1.45% +0.16
NBIX Neurocrine Biosciences Inc. New 0.15% +0.15
ALK Alaska Air Group Inc. New 0.15% +0.15
MRK Merck & Co. Inc. New 0.14% +0.14
SLB SLB Ltd. New 0.14% +0.14
CWCO Consolidated Water Co.-Ord SH New 0.14% +0.14
FFIC Flushing Financial Corp. New 0.14% +0.14
ECL Ecolab Inc. New 0.12% +0.12
GOOGL Alphabet Inc. Class A Add +70.5% 0.25% +0.12
DTM DT Midstream Inc. New 0.12% +0.12
HTO H2O America New 0.11% +0.11
QQQI Neos Nasdaq-100 High Inc. ETF New 0.11% +0.11
XLI SS Industrial Select Sector Add +35.0% 0.49% +0.11
NGL NGL Energy Partners LP Add +21.4% 0.41% +0.10
XLY SS Consumer Disc Select Sect Add +22.7% 0.27% +0.07
CLMT Calumet Inc. Add +13.1% 0.24% +0.06
ETJ Eaton Vance RSK-MGD Divers Add +34.3% 0.23% +0.06
MYFW First Western Financial Inc. Add +46.7% 0.19% +0.05
HESM Hess Midstream LP Class A Add +9.5% 0.45% +0.05
GLDD Great Lakes Dredge & Dock Co. Add +30.9% 0.16% +0.04
JEPQ JPM Nasdaq Equity Premium Add +19.6% 0.18% +0.03
DFAU Dimensional US Core Equity M Add +9.6% 0.37% +0.03
IYW iShares Ustechnology ETF Add +7.9% 0.29% +0.03
FRST Primis Financial Corp. Add +9.7% 0.51% +0.01
LCTX Lineage Cell Therapeutics Inc. Add +24.2% 0.00% −0.00
PAGP Plains GP Holdings LP Add +2.4% 0.33% −0.00
DSL Doubleline Income Solutions Add +2.1% 0.10% −0.00
SRLN SS Blackstone Sr Loan ETF Add +0.4% 0.29% −0.01
WMS Advanced Drainage Systems Inc. Add +30.8% 0.14% −0.01
CWEN Clearway Energy Inc. Class C Add +1.3% 0.11% −0.02
MCD McDonald's Corp. Add +1.0% 0.46% −0.03
ICE Intercontinental Exchange Inc. Add +3.8% 0.70% −0.05
AWK American Water Works Co. Inc. Add +7.5% 1.02% −0.13

Notes & Other Activity Q3 2024 → Q4 2024
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Sold out 288 $369Kbefore exit
ADVENT CONVERTIBLE AND INCOM RIGHT 10/17/2024 Sold out 14,000 $279before exit

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