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

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 Q4 2024 Q1 2025: $180.7M $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 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%
WTTR Select Water Solutions Inc. 0.17% 29,384 $309K Reduce -40.7%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.17% 7,300 $305K Add +2.1%
CIVB Civista Bancshares Inc. 0.16% 15,102 $295K Reduce -5.3%
TTEK Tetra Tech Inc. 0.16% 9,989 $292K Add +64.6%
VLTO Veralto Corp. 0.16% 2,967 $289K Reduce -17.6%
MAS Masco Corp. 0.16% 4,141 $288K No change
BCAL California Bancorp 0.16% 20,000 $287K Reduce -38.6%
GWRS Global Water Resources Inc. 0.16% 27,646 $285K No change
VMI Valmont Industries 0.16% 998 $285K No change
DHR Danaher Corp. 0.15% 1,359 $279K Reduce -12.6%
PNR Pentair PLC 0.15% 3,165 $277K No change
IMAX Imax Corp. 0.15% 10,500 $277K No change
BXSL Blackstone Secured Lending F 0.15% 8,500 $275K Reduce -12.4%
MA Mastercard Inc. Class A 0.15% 495 $271K No change
LNKB Linkbancorp Inc. 0.15% 40,000 $271K Reduce -28.8%
HACK Amplify Cybersecurity ETF 0.14% 3,575 $257K No change
ARTNA Artesian Resources Corp. Class A 0.14% 7,849 $256K No change
BDJ BlackRock Enhanced Eqty DVD 0.14% 29,513 $254K Add +6.7%
XEVGX Eaton Vance Short Dur Div Inc. 0.14% 23,075 $253K Reduce -13.8%
ECL Ecolab Inc. 0.14% 999 $253K No change
DTM DT Midstream Inc. 0.14% 2,625 $253K Add +18.0%
XLE SS Energy Select Sector 0.14% 2,650 $248K No change
UTG Reaves Utility Income Fund 0.14% 7,600 $247K Reduce -4.4%
CVS CVS Health Corp. 0.13% 3,560 $241K New
ARCC Ares Capital Corp. 0.13% 10,700 $237K No change
HTO H2O America filed as SJW GROUP 0.13% 4,314 $236K No change
CWEN Clearway Energy Inc. Class C 0.13% 7,595 $230K Reduce -5.6%
C Citigroup Inc. 0.13% 3,234 $230K Reduce -43.6%
SFST Southern First Bancshares 0.13% 6,949 $229K Reduce -9.7%
CNM Core & Main Inc. Class A 0.12% 4,522 $218K Reduce -55.1%
FAST Fastenal Co. 0.12% 2,815 $218K No change
MRK Merck & Co. Inc. 0.12% 2,414 $217K Reduce -12.7%
MRBK Meridian Corp. 0.12% 15,000 $216K Reduce -18.0%
DE Deere & Co. 0.12% 460 $216K New
AXP American Express Co. 0.12% 800 $215K No change
BMRN Biomarin Pharmaceutical Inc. 0.12% 3,042 $215K New
CWCO Consolidated Water Co.-Ord SH 0.12% 8,524 $209K Reduce -19.4%
IVV iShares Core S&P 500 ETF 0.11% 369 $207K Reduce -2.6%
POOL Pool Corp. 0.11% 647 $206K No change
JD Jd.com Inc.-ADR 0.11% 5,000 $206K New
SHBI Shore Bancshares Inc. 0.11% 15,000 $203K Reduce -47.6%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.11% 810 $201K New
FFIC Flushing Financial Corp. 0.11% 15,114 $192K Reduce -17.2%
USA Liberty All Star Equity Fund 0.10% 28,454 $186K No change
DSL Doubleline Income Solutions 0.10% 14,700 $185K Add +1.4%
FOLD Amicus Therapeutics Inc. 0.10% 21,431 $175K New
NPB Northpointe Bancshares Inc. 0.08% 10,400 $150K New
FFWM First Foundation Inc. 0.08% 26,622 $138K Reduce -11.8%
MCN Xai Madison Equity Premium I 0.07% 21,323 $131K Reduce -3.2%
GLDD Great Lakes Dredge & Dock Co. 0.06% 12,328 $107K Reduce -54.0%
FTF Franklin Ltd. Dur Inc. TR 0.05% 14,700 $95K No change
LESLIES INC 0.04% 96,120 $71K Reduce -36.7%
BLACKBOXSTOCKS INC 0.02% 10,000 $34K New
LCTX Lineage Cell Therapeutics Inc. 0.00% 14,900 $7K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $201K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 167$201KNew

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

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