ELCO Management Co., LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), ELCO Management Co., LLC reported 154 stock positions worth $180.7 million. Its top holding was Cheniere Energy (LNG) at 6.7% of the portfolio, followed by Targa Resources (TRGP, 6.1%) and Williams Cos (WMB, 6.1%). Compared with Q4 2024, it opened 10 new positions, sold out of 14, added to 34 and reduced 80. The biggest buy was Plains All Amer Pipeline (PAA, shares +15%) and the biggest sale Amazon.com (AMZN, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001690717
- Portfolio Value
- $180.7M (Q1 2025)
- SEC Filing
- 0001667731-25-000571 ↗ filed May 1, 2025
Holdings Value
Holdings 154 stocks · $180.7M
| LNG Cheniere Energy Inc. | 6.73% | 52,537 | $12.2M | Reduce -3.5% |
| TRGP Targa Resources Corp. | 6.09% | 54,903 | $11.0M | Reduce -4.8% |
| WMB Williams Cos Inc. | 6.09% | 184,057 | $11.0M | Reduce -8.3% |
| ET Energy Transfer LP | 5.35% | 519,719 | $9.7M | Reduce -3.8% |
| AAPL Apple Inc. | 3.77% | 30,641 | $6.8M | Reduce -2.0% |
| AMZN Amazon.com Inc. | 3.09% | 29,301 | $5.6M | Reduce -9.7% |
| MSFT Microsoft Corp. | 2.83% | 13,615 | $5.1M | Add +8.7% |
| MPLX MPLX LP | 2.57% | 86,818 | $4.6M | Reduce -8.8% |
| GOOG Alphabet Inc. Class C | 2.43% | 28,121 | $4.4M | Add +0.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.40% | 7,754 | $4.3M | Reduce -0.3% |
| HXL Hexcel Corp. | 2.22% | 73,310 | $4.0M | Add +9.8% |
| ABBV Abbvie Inc. | 2.05% | 17,711 | $3.7M | Reduce -1.1% |
| PAA Plains All Amer Pipeline LP | 1.95% | 175,813 | $3.5M | Add +14.5% |
| HD Home Depot Inc. | 1.63% | 8,045 | $2.9M | Add +0.7% |
| GEL Genesis Energy L.P. | 1.63% | 187,666 | $2.9M | Reduce -0.2% |
| SCHB Schwab US Broad Market ETF | 1.43% | 120,390 | $2.6M | Add +13.7% |
| XYLD Global X S&P 500 Cove Call E | 1.28% | 58,600 | $2.3M | Reduce -0.3% |
| WES Western Midstream Partners L | 1.28% | 56,390 | $2.3M | Reduce -0.0% |
| ABT Abbott Laboratories | 1.27% | 17,241 | $2.3M | Reduce -5.7% |
| AWK American Water Works Co. Inc. | 1.23% | 15,121 | $2.2M | Reduce -2.8% |
| NVDA Nvidia Corp. | 1.19% | 19,830 | $2.1M | Reduce -3.6% |
| EQT Eqt Corp. | 1.06% | 36,013 | $1.9M | Reduce -11.3% |
| EPD Enterprise Products Partners | 1.04% | 54,843 | $1.9M | Add +1.6% |
| HON Honeywell International Inc. | 1.02% | 8,732 | $1.8M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 1.01% | 7,409 | $1.8M | Reduce -0.9% |
| NEE Nextera Energy Inc. | 0.96% | 24,424 | $1.7M | Add +0.0% |
| OKE Oneok Inc. | 0.95% | 17,216 | $1.7M | Reduce -26.3% |
| JEPI JPMorgan Equity Premium Inco | 0.94% | 29,800 | $1.7M | No change |
| RTX RTX Corp. | 0.93% | 12,629 | $1.7M | Reduce -0.2% |
| HUBB Hubbell Inc. | 0.89% | 4,835 | $1.6M | Reduce -0.6% |
| ICE Intercontinental Exchange Inc. | 0.84% | 8,823 | $1.5M | Reduce -1.1% |
| SUN Sunoco LP | 0.84% | 26,090 | $1.5M | Reduce -25.0% |
| PG The Procter & Gamble Co. | 0.80% | 8,510 | $1.5M | No change |
| VBNK Versabank | 0.74% | 129,374 | $1.3M | Reduce -2.1% |
| NEXT Nextdecade Corp. | 0.73% | 170,468 | $1.3M | Add +3.1% |
| CL Colgate-Palmolive Co. | 0.70% | 13,500 | $1.3M | No change |
| PRI Primerica Inc. | 0.63% | 4,000 | $1.1M | No change |
| XYL Xylem Inc. | 0.56% | 8,491 | $1.0M | Reduce -11.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.55% | 10,091 | $996K | Reduce -0.1% |
| EFSI Eagle Financial Services Inc. | 0.54% | 29,995 | $984K | New |
| MAR Marriott International Class A | 0.49% | 3,730 | $888K | Reduce -0.3% |
| STN Stantec Inc. | 0.48% | 7,337 | $875K | Add +9.8% |
| MCD McDonald's Corp. | 0.48% | 2,798 | $874K | Reduce -6.6% |
| CARR Carrier Global Corp. | 0.48% | 13,764 | $873K | Reduce -0.1% |
| UBER Uber Technologies Inc. | 0.47% | 11,765 | $857K | Reduce -32.7% |
| EQBK Equity Bancshares Inc. Class A | 0.46% | 21,110 | $832K | Reduce -30.3% |
| PFE Pfizer Inc. | 0.44% | 31,407 | $796K | Add +23.8% |
| BA The Boeing Co. | 0.44% | 4,660 | $795K | Reduce -2.2% |
| FRST Primis Financial Corp. | 0.44% | 81,015 | $792K | Reduce -3.6% |
| XLK SS Technology Select Sector | 0.44% | 3,818 | $788K | No change |
| GLW Corning Inc. | 0.41% | 16,241 | $744K | Reduce -0.4% |
| SWIM Latham Group Inc. | 0.41% | 113,888 | $732K | Reduce -10.7% |
| FSUN Firstsun Capital Bancorp | 0.40% | 20,000 | $723K | Reduce -25.5% |
| USCB Uscb Financial Holdings Inc. | 0.40% | 38,889 | $722K | Reduce -10.7% |
| PAGP Plains GP Holdings LP | 0.40% | 33,702 | $720K | Reduce -0.7% |
| NGL NGL Energy Partners LP | 0.39% | 156,620 | $711K | Reduce -0.3% |
| HESM Hess Midstream LP Class A | 0.39% | 16,777 | $709K | Reduce -28.1% |
| STZ Constellation Brands Inc. Class A | 0.39% | 3,831 | $703K | Add +13.0% |
| CSX CSX Corp. | 0.38% | 23,630 | $695K | Add +0.5% |
| XLF SS Financial Select Sector | 0.38% | 13,755 | $685K | Add +42.5% |
| XETYX Eaton Vance Tax-MGD Div Eqty | 0.37% | 47,400 | $676K | Add +0.2% |
| JNJ Johnson & Johnson | 0.37% | 4,058 | $673K | Add +1.1% |
| PFS Provident Financial Services | 0.37% | 39,048 | $670K | Reduce -29.7% |
| PPA Invesco Aerospace & Defense | 0.36% | 5,658 | $659K | No change |
| DFAU Dimensional US Core Equity M | 0.36% | 17,130 | $658K | Reduce -0.3% |
| ILMN Illumina Inc. | 0.36% | 8,213 | $652K | Reduce -4.3% |
| OTIS Otis Worldwide Corp. | 0.36% | 6,229 | $643K | Reduce -6.7% |
| IXJ iShares Global Healthcare Et | 0.35% | 6,909 | $630K | Reduce -6.8% |
| WTRG Essential Utilities Inc. | 0.32% | 14,670 | $580K | Add +27.0% |
| SRLN SS Blackstone Sr Loan ETF | 0.31% | 13,750 | $566K | Add +3.8% |
| WMS Advanced Drainage Systems Inc. | 0.30% | 4,995 | $543K | Add +115.4% |
| SRE Sempra | 0.30% | 7,500 | $535K | Add +11.3% |
| QYLD Global X Nasd 100 Cov Call | 0.29% | 32,000 | $532K | Reduce -2.4% |
| BAH Booz Allen Hamilton Holdings | 0.29% | 5,000 | $523K | No change |
| AWR American States Water Co. filed as AMER STATES WTR CO | 0.28% | 6,516 | $513K | Add +29.3% |
| KO The Coca-Cola Co. | 0.28% | 7,106 | $509K | No change |
| XLI SS Industrial Select Sector | 0.28% | 3,850 | $505K | Reduce -46.0% |
| CMI Cummins Inc. | 0.27% | 1,545 | $484K | No change |
| CWT California Water Service Grp | 0.27% | 9,916 | $481K | Add +51.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.26% | 895 | $477K | No change |
| SPYI Neos S&P 500 High Income ETF | 0.26% | 9,625 | $461K | Add +0.5% |
| KVUE Kenvue Inc. | 0.25% | 18,852 | $452K | Reduce -9.9% |
| GOOGL Alphabet Inc. Class A | 0.24% | 2,780 | $430K | Add +12.1% |
| KMI Kinder Morgan Inc. | 0.23% | 14,810 | $423K | Reduce -8.7% |
| DK Delek US Holdings Inc. | 0.23% | 27,795 | $419K | Add +21.6% |
| XLG Invesco S&P 500 Top 50 ETF | 0.23% | 9,100 | $419K | Add +0.6% |
| OLED Universal Display Corp. | 0.23% | 3,000 | $418K | No change |
| CLMT Calumet Inc. | 0.23% | 32,658 | $414K | Add +60.5% |
| WMT Walmart Inc. | 0.22% | 4,531 | $398K | Reduce -0.7% |
| ETJ Eaton Vance RSK-MGD Divers | 0.21% | 44,520 | $377K | Reduce -6.5% |
| MYFW First Western Financial Inc. | 0.20% | 18,372 | $361K | Reduce -2.1% |
| QCOM Qualcomm Inc. | 0.20% | 2,350 | $361K | No change |
| CSQ Calamos Strat TTL RTRN FND | 0.20% | 22,224 | $360K | Reduce -0.5% |
| YORW York Water Co. filed as YORK WTR CO | 0.19% | 9,945 | $345K | Add +32.2% |
| MNSB Mainstreet Bancshares Inc. | 0.19% | 20,329 | $340K | Reduce -5.2% |
| SGOV iShares 0-3 Month Treasury B | 0.18% | 3,300 | $332K | New |
| MDT Medtronic PLC | 0.18% | 3,664 | $329K | Reduce -5.2% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.18% | 6,300 | $326K | Add +3.3% |
| ZWS Zurn Elkay Water Solutions C | 0.18% | 9,737 | $321K | Reduce -14.6% |
| V Visa Inc. Class A | 0.18% | 914 | $320K | Reduce -3.2% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $201K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 167 | $201K | New |
Total filed on the 13F, all lines: $180.9M.
Portfolio Sells Q4 2024 → Q1 2025
| AMZN Amazon.com Inc. | Reduce -9.7% | 3.09% | −0.65 |
| ARLP Alliance Resource Partners | Sold out | 0.00% | −0.39 |
| AAPL Apple Inc. | Reduce -2.0% | 3.77% | −0.35 |
| OKE Oneok Inc. | Reduce -26.3% | 0.95% | −0.29 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.29 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.27 |
| NVDA Nvidia Corp. | Reduce -3.6% | 1.19% | −0.26 |
| ILMN Illumina Inc. | Reduce -4.3% | 0.36% | −0.24 |
| VBNK Versabank | Reduce -2.1% | 0.74% | −0.22 |
| ET Energy Transfer LP | Reduce -3.8% | 5.35% | −0.22 |
| VST Vistra Corp. | Sold out | 0.00% | −0.22 |
| EQBK Equity Bancshares Inc. Class A | Reduce -30.3% | 0.46% | −0.21 |
| XLI SS Industrial Select Sector | Reduce -46.0% | 0.28% | −0.21 |
| HUBB Hubbell Inc. | Reduce -0.6% | 0.89% | −0.18 |
| KTOS Kratos Defense & Security | Sold out | 0.00% | −0.18 |
| PFS Provident Financial Services | Reduce -29.7% | 0.37% | −0.18 |
| WTTR Select Water Solutions Inc. | Reduce -40.7% | 0.17% | −0.17 |
| FSUN Firstsun Capital Bancorp | Reduce -25.5% | 0.40% | −0.17 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.16 |
| ITA iShares U.S. Aerospace & Def | Sold out | 0.00% | −0.16 |
| NBIX Neurocrine Biosciences Inc. | Sold out | 0.00% | −0.15 |
| CNM Core & Main Inc. Class A | Reduce -55.1% | 0.12% | −0.15 |
| ENLC Enlink Midstream LLC | Sold out | 0.00% | −0.15 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −0.15 |
| LESLIES INC | Reduce -36.7% | 0.04% | −0.14 |
| SHBI Shore Bancshares Inc. | Reduce -47.6% | 0.11% | −0.13 |
| BCAL California Bancorp | Reduce -38.6% | 0.16% | −0.12 |
| UTHR United Therapeutics Corp. | Sold out | 0.00% | −0.12 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.12 |
| QQQI Neos Nasdaq-100 High Inc. ETF | Sold out | 0.00% | −0.11 |
| SUN Sunoco LP | Reduce -25.0% | 0.84% | −0.10 |
| GLDD Great Lakes Dredge & Dock Co. | Reduce -54.0% | 0.06% | −0.10 |
| C Citigroup Inc. | Reduce -43.6% | 0.13% | −0.09 |
| UBER Uber Technologies Inc. | Reduce -32.7% | 0.47% | −0.08 |
| FRST Primis Financial Corp. | Reduce -3.6% | 0.44% | −0.08 |
| LNKB Linkbancorp Inc. | Reduce -28.8% | 0.15% | −0.07 |
| HESM Hess Midstream LP Class A | Reduce -28.1% | 0.39% | −0.06 |
| SWIM Latham Group Inc. | Reduce -10.7% | 0.41% | −0.06 |
| MAR Marriott International Class A | Reduce -0.3% | 0.49% | −0.06 |
| ZWS Zurn Elkay Water Solutions C | Reduce -14.6% | 0.18% | −0.05 |
| DIS The Walt Disney Co. | Reduce -0.1% | 0.55% | −0.04 |
| SFST Southern First Bancshares | Reduce -9.7% | 0.13% | −0.03 |
| DHR Danaher Corp. | Reduce -12.6% | 0.15% | −0.03 |
| VLTO Veralto Corp. | Reduce -17.6% | 0.16% | −0.03 |
| FFIC Flushing Financial Corp. | Reduce -17.2% | 0.11% | −0.03 |
| CWCO Consolidated Water Co.-Ord SH | Reduce -19.4% | 0.12% | −0.03 |
| XYL Xylem Inc. | Reduce -11.8% | 0.56% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -12.7% | 0.12% | −0.02 |
| ETJ Eaton Vance RSK-MGD Divers | Reduce -6.5% | 0.21% | −0.02 |
| FFWM First Foundation Inc. | Reduce -11.8% | 0.08% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| PAA Plains All Amer Pipeline LP | Add +14.5% | 1.95% | +0.57 |
| EFSI Eagle Financial Services Inc. | New | 0.54% | +0.54 |
| SGOV iShares 0-3 Month Treasury B | New | 0.18% | +0.18 |
| SCHB Schwab US Broad Market ETF | Add +13.7% | 1.43% | +0.17 |
| WMS Advanced Drainage Systems Inc. | Add +115.4% | 0.30% | +0.16 |
| EPD Enterprise Products Partners | Add +1.6% | 1.04% | +0.15 |
| XLF SS Financial Select Sector | Add +42.5% | 0.38% | +0.13 |
| CVS CVS Health Corp. | New | 0.13% | +0.13 |
| DE Deere & Co. | New | 0.12% | +0.12 |
| BMRN Biomarin Pharmaceutical Inc. | New | 0.12% | +0.12 |
| JD Jd.com Inc.-ADR | New | 0.11% | +0.11 |
| IBM Intl Business Machines Corp. | New | 0.11% | +0.11 |
| CWT California Water Service Grp | Add +51.3% | 0.27% | +0.11 |
| WTRG Essential Utilities Inc. | Add +27.0% | 0.32% | +0.10 |
| FOLD Amicus Therapeutics Inc. | New | 0.10% | +0.10 |
| STN Stantec Inc. | Add +9.8% | 0.48% | +0.09 |
| PFE Pfizer Inc. | Add +23.8% | 0.44% | +0.09 |
| NPB Northpointe Bancshares Inc. | New | 0.08% | +0.08 |
| AWR American States Water Co. | Add +29.3% | 0.28% | +0.08 |
| JNJ Johnson & Johnson | Add +1.1% | 0.37% | +0.07 |
| NEXT Nextdecade Corp. | Add +3.1% | 0.73% | +0.06 |
| YORW York Water Co. | Add +32.2% | 0.19% | +0.06 |
| MSFT Microsoft Corp. | Add +8.7% | 2.83% | +0.05 |
| NEE Nextera Energy Inc. | Add +0.0% | 0.96% | +0.04 |
| TTEK Tetra Tech Inc. | Add +64.6% | 0.16% | +0.03 |
| SLB SLB Ltd. | Add +2.1% | 0.17% | +0.02 |
| DTM DT Midstream Inc. | Add +18.0% | 0.14% | +0.02 |
| SRLN SS Blackstone Sr Loan ETF | Add +3.8% | 0.31% | +0.02 |
| HXL Hexcel Corp. | Add +9.8% | 2.22% | +0.02 |
| BDJ BlackRock Enhanced Eqty DVD | Add +6.7% | 0.14% | +0.02 |
| BLACKBOXSTOCKS INC | New | 0.02% | +0.02 |
| DK Delek US Holdings Inc. | Add +21.6% | 0.23% | +0.01 |
| DSL Doubleline Income Solutions | Add +1.4% | 0.10% | +0.01 |
| XETYX Eaton Vance Tax-MGD Div Eqty | Add +0.2% | 0.37% | +0.00 |
| JEPQ JPM Nasdaq Equity Premium | Add +3.3% | 0.18% | −0.00 |
| SPYI Neos S&P 500 High Income ETF | Add +0.5% | 0.26% | −0.00 |
| HD Home Depot Inc. | Add +0.7% | 1.63% | −0.00 |
| STZ Constellation Brands Inc. Class A | Add +13.0% | 0.39% | −0.00 |
| XLG Invesco S&P 500 Top 50 ETF | Add +0.6% | 0.23% | −0.01 |
| CLMT Calumet Inc. | Add +60.5% | 0.23% | −0.01 |
| GOOGL Alphabet Inc. Class A | Add +12.1% | 0.24% | −0.01 |
| CSX CSX Corp. | Add +0.5% | 0.38% | −0.01 |
| SRE Sempra | Add +11.3% | 0.30% | −0.01 |
| GOOG Alphabet Inc. Class C | Add +0.4% | 2.43% | −0.37 |
Notes & Other Activity Q4 2024 → Q1 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | New | 167 | $201K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 174 | $231.9M | WMB, TRGP, LNG, ET, XLI |
| Q1 2026 | 170 | $208.4M | WMB, LNG, TRGP, ET, AAPL |
| Q4 2025 | 156 | $158.6M | GOOG, AAPL, WMB, AMZN, MSFT |
| Q3 2025 | 163 | $191.4M | LNG, WMB, TRGP, ET, AAPL |
| Q2 2025 | 155 | $190.6M | LNG, WMB, TRGP, ET, MSFT |
| Q1 2025 | 154 | $180.7M | LNG, TRGP, WMB, ET, AAPL |
| Q4 2024 | 158 | $190.3M | LNG, WMB, ET, TRGP, AAPL |
| Q3 2024 | 162 | $185.0M | LNG, WMB, TRGP, ET, AAPL |
| Q2 2024 | 155 | $171.5M | LNG, WMB, ET, TRGP, AAPL |
| Q1 2024 | 153 | $163.8M | WMB, LNG, ET, TRGP, AMZN |