ELCO Management Co., LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 4, 2025), ELCO Management Co., LLC reported 155 stock positions worth $190.6 million. Its top holding was Cheniere Energy (LNG) at 6.7% of the portfolio, followed by Williams Cos (WMB, 6.1%) and Targa Resources (TRGP, 5.2%). Compared with Q1 2025, it opened 14 new positions, sold out of 13, added to 42 and reduced 58. The biggest buy was Microsoft (MSFT, shares +1%) and the biggest sale Apple (AAPL, shares −3%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001690717
Portfolio Value
$190.6M (Q2 2025)
SEC Filing
0001667731-25-001041 ↗ filed Aug 4, 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 Q1 2025 Q2 2025: $190.6M $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 155 stocks · $190.6M
LNG Cheniere Energy Inc. 6.71% 52,535 $12.8M Reduce 0.0%
WMB Williams Cos Inc. 6.15% 186,516 $11.7M Add +1.3%
TRGP Targa Resources Corp. 5.19% 56,800 $9.9M Add +3.5%
ET Energy Transfer LP 5.09% 535,387 $9.7M Add +3.0%
MSFT Microsoft Corp. 3.58% 13,705 $6.8M Add +0.7%
AMZN Amazon.com Inc. 3.56% 30,952 $6.8M Add +5.6%
AAPL Apple Inc. 3.21% 29,834 $6.1M Reduce -2.6%
GOOG Alphabet Inc. Class C 2.60% 27,938 $5.0M Reduce -0.7%
SPY SS SPDR S&P 500 ETF Trust-US 2.51% 7,727 $4.8M Reduce -0.3%
MPLX MPLX LP 2.38% 88,139 $4.5M Add +1.5%
HXL Hexcel Corp. 2.08% 70,119 $4.0M Reduce -4.3%
NVDA Nvidia Corp. 1.91% 23,055 $3.6M Add +16.3%
SCHB Schwab US Broad Market ETF 1.82% 145,356 $3.5M Add +20.7%
GEL Genesis Energy L.P. 1.71% 189,626 $3.3M Add +1.0%
PAA Plains All Amer Pipeline LP 1.71% 178,065 $3.3M Add +1.3%
ABBV Abbvie Inc. 1.69% 17,331 $3.2M Reduce -2.1%
HD Home Depot Inc. 1.53% 7,975 $2.9M Reduce -0.9%
ABT Abbott Laboratories 1.23% 17,241 $2.3M No change
WES Western Midstream Partners L 1.22% 60,075 $2.3M Add +6.5%
XYLD Global X S&P 500 Cove Call E 1.19% 58,200 $2.3M Reduce -0.7%
NEXT Nextdecade Corp. 1.12% 239,768 $2.1M Add +40.6%
JPM JPMorgan Chase & Co. 1.09% 7,169 $2.1M Reduce -3.2%
HON Honeywell International Inc. 1.06% 8,671 $2.0M Reduce -0.7%
HUBB Hubbell Inc. 1.04% 4,831 $2.0M Reduce -0.1%
AWK American Water Works Co. Inc. 0.98% 13,426 $1.9M Reduce -11.2%
EQT Eqt Corp. 0.97% 31,653 $1.8M Reduce -12.1%
RTX RTX Corp. 0.95% 12,367 $1.8M Reduce -2.1%
EPD Enterprise Products Partners 0.93% 57,351 $1.8M Add +4.6%
NEE Nextera Energy Inc. 0.89% 24,440 $1.7M Add +0.1%
JEPI JPMorgan Equity Premium Inco 0.89% 29,700 $1.7M Reduce -0.3%
ICE Intercontinental Exchange Inc. 0.85% 8,823 $1.6M No change
OKE Oneok Inc. 0.81% 18,914 $1.5M Add +9.9%
VBNK Versabank 0.77% 129,374 $1.5M No change
SUN Sunoco LP 0.74% 26,185 $1.4M Add +0.4%
PG The Procter & Gamble Co. 0.70% 8,355 $1.3M Reduce -1.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.66% 10,131 $1.3M Add +0.4%
CL Colgate-Palmolive Co. 0.64% 13,500 $1.2M No change
PRI Primerica Inc. 0.57% 4,000 $1.1M No change
XYL Xylem Inc. 0.57% 8,386 $1.1M Reduce -1.2%
UBER Uber Technologies Inc. 0.56% 11,395 $1.1M Reduce -3.1%
MAR Marriott International Class A 0.54% 3,739 $1.0M Add +0.2%
CARR Carrier Global Corp. 0.52% 13,464 $985K Reduce -2.2%
XLK SS Technology Select Sector 0.51% 3,818 $967K No change
BA The Boeing Co. 0.49% 4,439 $930K Reduce -4.7%
EFSI Eagle Financial Services Inc. 0.47% 29,370 $899K Reduce -2.1%
FRST Primis Financial Corp. 0.46% 81,015 $879K No change
EQBK Equity Bancshares Inc. Class A 0.45% 21,110 $861K No change
NGL NGL Energy Partners LP 0.44% 197,580 $844K Add +26.1%
GLW Corning Inc. 0.44% 15,991 $841K Reduce -1.5%
MCD McDonald's Corp. 0.42% 2,756 $805K Reduce -1.5%
PPA Invesco Aerospace & Defense 0.42% 5,658 $802K No change
ILMN Illumina Inc. 0.41% 8,117 $774K Reduce -1.2%
PFE Pfizer Inc. 0.40% 31,089 $754K Reduce -1.0%
CSX CSX Corp. 0.40% 23,080 $753K Reduce -2.3%
DFAU Dimensional US Core Equity M 0.38% 17,080 $724K Reduce -0.3%
XLI SS Industrial Select Sector 0.38% 4,880 $720K Add +26.8%
XETYX Eaton Vance Tax-MGD Div Eqty 0.38% 46,400 $718K Reduce -2.1%
CLMT Calumet Inc. 0.36% 43,060 $678K Add +31.9%
PFS Provident Financial Services 0.35% 38,429 $674K Reduce -1.6%
HESM Hess Midstream LP Class A 0.34% 16,862 $649K Add +0.5%
USCB Uscb Financial Holdings Inc. 0.34% 38,889 $643K No change
STZ Constellation Brands Inc. Class A 0.34% 3,946 $642K Add +3.0%
WMS Advanced Drainage Systems Inc. 0.33% 5,544 $637K Add +11.0%
PAGP Plains GP Holdings LP 0.33% 32,592 $633K Reduce -3.3%
BAH Booz Allen Hamilton Holdings 0.33% 6,000 $625K Add +20.0%
JNJ Johnson & Johnson 0.32% 3,953 $604K Reduce -2.6%
GTLS Chart Industries Inc. 0.32% 3,655 $602K New
OTIS Otis Worldwide Corp. 0.31% 6,027 $597K Reduce -3.2%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.31% 10,900 $593K Add +73.0%
SWIM Latham Group Inc. 0.31% 92,336 $589K Reduce -18.9%
IXJ iShares Global Healthcare Et 0.31% 6,809 $586K Reduce -1.4%
SRLN SS Blackstone Sr Loan ETF 0.30% 13,700 $570K Reduce -0.4%
VLTO Veralto Corp. 0.30% 5,619 $567K Add +89.4%
SRE Sempra 0.30% 7,474 $566K Reduce -0.3%
TTEK Tetra Tech Inc. 0.29% 15,260 $549K Add +52.8%
QYLD Global X Nasd 100 Cov Call 0.28% 31,900 $533K Reduce -0.3%
KO The Coca-Cola Co. 0.28% 7,451 $527K Add +4.9%
SPYI Neos S&P 500 High Income ETF 0.27% 10,125 $509K Add +5.2%
CMI Cummins Inc. 0.27% 1,545 $506K No change
XLF SS Financial Select Sector 0.27% 9,655 $506K Reduce -29.8%
VST Vistra Corp. 0.26% 2,575 $499K New
DKL Delek Logistics Partners LP 0.26% 11,505 $494K New
GOOGL Alphabet Inc. Class A 0.26% 2,780 $490K No change
WTRG Essential Utilities Inc. 0.25% 12,896 $479K Reduce -12.1%
XLG Invesco S&P 500 Top 50 ETF 0.25% 9,050 $472K Reduce -0.6%
OLED Universal Display Corp. 0.24% 3,000 $463K No change
FSUN Firstsun Capital Bancorp 0.24% 13,100 $455K Reduce -34.5%
C Citigroup Inc. 0.23% 5,234 $446K Add +61.8%
WMT Walmart Inc. 0.23% 4,550 $445K Add +0.4%
KMI Kinder Morgan Inc. 0.23% 15,041 $442K Add +1.6%
BRK.B Berkshire Hathaway Inc. Class B 0.23% 895 $435K No change
AWR American States Water Co. filed as AMER STATES WTR CO 0.22% 5,408 $415K Reduce -17.0%
MYFW First Western Financial Inc. 0.22% 18,372 $414K No change
CWT California Water Service Grp 0.21% 8,902 $405K Reduce -10.2%
CSQ Calamos Strat TTL RTRN FND 0.21% 22,124 $404K Reduce -0.5%
PNR Pentair PLC 0.21% 3,892 $400K Add +23.0%
ETJ Eaton Vance RSK-MGD Divers 0.21% 43,520 $393K Reduce -2.3%
KVUE Kenvue Inc. 0.20% 18,167 $380K Reduce -3.6%
QCOM Qualcomm Inc. 0.20% 2,350 $374K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.19% 7,727 $366K New
CNM Core & Main Inc. Class A 0.19% 5,915 $357K Add +30.8%
CIVB Civista Bancshares Inc. 0.18% 15,102 $350K No change
DTM DT Midstream Inc. 0.18% 3,050 $335K Add +16.2%
SGOV iShares 0-3 Month Treasury B 0.17% 3,300 $332K No change
ITA iShares U.S. Aerospace & Def 0.17% 1,750 $330K New
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.17% 14,840 $326K New
VMI Valmont Industries 0.17% 998 $326K No change
LMT Lockheed Martin Corp. 0.17% 700 $324K New
CWCO Consolidated Water Co.-Ord SH 0.17% 10,511 $316K Add +23.3%
YORW York Water Co. filed as YORK WTR CO 0.16% 9,945 $314K No change
HACK Amplify Cybersecurity ETF 0.16% 3,575 $309K No change
V Visa Inc. Class A 0.16% 864 $307K Reduce -5.5%
IMAX Imax Corp. 0.15% 10,500 $294K No change
LNKB Linkbancorp Inc. 0.15% 40,000 $292K No change
PLTR Palantir Technologies Inc. Class A 0.15% 2,070 $282K New
GWRS Global Water Resources Inc. 0.15% 27,646 $282K No change
MA Mastercard Inc. Class A 0.15% 495 $278K No change
IYW iShares Ustechnology ETF 0.15% 1,600 $277K New
MNSB Mainstreet Bancshares Inc. 0.15% 14,659 $277K Reduce -27.9%
UTG Reaves Utility Income Fund 0.14% 7,550 $273K Reduce -0.7%
ECL Ecolab Inc. 0.14% 999 $269K No change
DHR Danaher Corp. 0.14% 1,359 $268K No change
MAS Masco Corp. 0.14% 4,141 $267K No change
SFST Southern First Bancshares 0.14% 6,949 $264K No change
ARTNA Artesian Resources Corp. Class A 0.14% 7,849 $263K No change
BXSL Blackstone Secured Lending F 0.14% 8,500 $261K No change
BCAL California Bancorp 0.14% 16,340 $258K Reduce -18.3%
MDT Medtronic PLC 0.13% 2,929 $255K Reduce -20.1%
AXP American Express Co. 0.13% 800 $255K No change
QQQI Neos Nasdaq-100 High Inc. ETF 0.13% 4,900 $255K New
XEVGX Eaton Vance Short Dur Div Inc. 0.13% 23,075 $255K No change
HTO H2O America 0.13% 4,895 $254K Add +13.5%
BDJ BlackRock Enhanced Eqty DVD 0.13% 27,663 $246K Reduce -6.3%
CWEN Clearway Energy Inc. Class C 0.13% 7,645 $245K Add +0.7%
FAST Fastenal Co. 0.12% 5,630 $236K No change
SHBI Shore Bancshares Inc. 0.12% 15,000 $236K No change
DE Deere & Co. 0.12% 460 $234K No change
ARCC Ares Capital Corp. 0.12% 10,600 $233K Reduce -0.9%
XLE SS Energy Select Sector 0.12% 2,650 $225K No change
MRK Merck & Co. Inc. 0.12% 2,837 $225K Add +17.5%
WTTR Select Water Solutions Inc. 0.11% 25,289 $218K Reduce -13.9%
QQQ Invesco QQQ Trust Series 1 0.11% 390 $215K New
TT Trane Technologies PLC 0.11% 490 $214K New
META Meta Platforms Inc. Class A 0.11% 285 $210K New
USA Liberty All Star Equity Fund 0.10% 28,454 $194K No change
MRBK Meridian Corp. 0.10% 15,000 $193K No change
DSL Doubleline Income Solutions 0.10% 15,000 $184K Add +2.0%
DVAX Dynavax Technologies Corp. 0.09% 16,949 $168K New
NPB Northpointe Bancshares Inc. 0.07% 10,400 $143K No change
MCN Xai Madison Equity Premium I 0.06% 18,823 $118K Reduce -11.7%
FTF Franklin Ltd. Dur Inc. TR 0.04% 12,200 $78K Reduce -17.0%
FOLD Amicus Therapeutics Inc. 0.03% 11,405 $65K Reduce -46.8%
BLACKBOXSTOCKS INC 0.03% 10,000 $59K No change
LESLIES INC 0.01% 57,154 $24K Reduce -40.5%
LCTX Lineage Cell Therapeutics Inc. 0.01% 16,200 $15K Add +8.7%
Other holdings (1): bonds, preferreds, convertibles and warrants · $308K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 262$308KAdd +56.9%

Total filed on the 13F, all lines: $190.9M.

Portfolio Sells Q1 2025 → Q2 2025
AAPL Apple Inc. Reduce -2.6% 3.21% −0.56
STN Stantec Inc. Sold out 0.00% −0.48
ABBV Abbvie Inc. Reduce -2.1% 1.69% −0.37
AWK American Water Works Co. Inc. Reduce -11.2% 0.98% −0.25
DK Delek US Holdings Inc. Sold out 0.00% −0.23
ZWS Zurn Elkay Water Solutions C Sold out 0.00% −0.18
SLB SLB Ltd. Sold out 0.00% −0.17
FSUN Firstsun Capital Bancorp Reduce -34.5% 0.24% −0.16
HXL Hexcel Corp. Reduce -4.3% 2.08% −0.14
CVS CVS Health Corp. Sold out 0.00% −0.13
BMRN Biomarin Pharmaceutical Inc. Sold out 0.00% −0.12
IVV iShares Core S&P 500 ETF Sold out 0.00% −0.11
POOL Pool Corp. Sold out 0.00% −0.11
XLF SS Financial Select Sector Reduce -29.8% 0.27% −0.11
JD Jd.com Inc.-ADR Sold out 0.00% −0.11
IBM Intl Business Machines Corp. Sold out 0.00% −0.11
FFIC Flushing Financial Corp. Sold out 0.00% −0.11
PG The Procter & Gamble Co. Reduce -1.8% 0.70% −0.10
HD Home Depot Inc. Reduce -0.9% 1.53% −0.10
EQT Eqt Corp. Reduce -12.1% 0.97% −0.10
SWIM Latham Group Inc. Reduce -18.9% 0.31% −0.10
XYLD Global X S&P 500 Cove Call E Reduce -0.7% 1.19% −0.09
FFWM First Foundation Inc. Sold out 0.00% −0.08
EFSI Eagle Financial Services Inc. Reduce -2.1% 0.47% −0.07
WTRG Essential Utilities Inc. Reduce -12.1% 0.25% −0.07
AWR American States Water Co. Reduce -17.0% 0.22% −0.07
PAGP Plains GP Holdings LP Reduce -3.3% 0.33% −0.07
FOLD Amicus Therapeutics Inc. Reduce -46.8% 0.03% −0.06
MCD McDonald's Corp. Reduce -1.5% 0.42% −0.06
GLDD Great Lakes Dredge & Dock Co. Sold out 0.00% −0.06
JEPI JPMorgan Equity Premium Inco Reduce -0.3% 0.89% −0.06
WTTR Select Water Solutions Inc. Reduce -13.9% 0.11% −0.06
JNJ Johnson & Johnson Reduce -2.6% 0.32% −0.06
CWT California Water Service Grp Reduce -10.2% 0.21% −0.05
KVUE Kenvue Inc. Reduce -3.6% 0.20% −0.05
MDT Medtronic PLC Reduce -20.1% 0.13% −0.05
PFE Pfizer Inc. Reduce -1.0% 0.40% −0.04
MNSB Mainstreet Bancshares Inc. Reduce -27.9% 0.15% −0.04
OTIS Otis Worldwide Corp. Reduce -3.2% 0.31% −0.04
IXJ iShares Global Healthcare Et Reduce -1.4% 0.31% −0.04
LESLIES INC Reduce -40.5% 0.01% −0.03
BCAL California Bancorp Reduce -18.3% 0.14% −0.02
PFS Provident Financial Services Reduce -1.6% 0.35% −0.02
V Visa Inc. Class A Reduce -5.5% 0.16% −0.02
LNG Cheniere Energy Inc. Reduce 0.0% 6.71% −0.02
QYLD Global X Nasd 100 Cov Call Reduce -0.3% 0.28% −0.01
SRLN SS Blackstone Sr Loan ETF Reduce -0.4% 0.30% −0.01
FTF Franklin Ltd. Dur Inc. TR Reduce -17.0% 0.04% −0.01
BDJ BlackRock Enhanced Eqty DVD Reduce -6.3% 0.13% −0.01
MCN Xai Madison Equity Premium I Reduce -11.7% 0.06% −0.01

Portfolio Buys Q1 2025 → Q2 2025
MSFT Microsoft Corp. Add +0.7% 3.58% +0.75
NVDA Nvidia Corp. Add +16.3% 1.91% +0.72
AMZN Amazon.com Inc. Add +5.6% 3.56% +0.48
NEXT Nextdecade Corp. Add +40.6% 1.12% +0.39
SCHB Schwab US Broad Market ETF Add +20.7% 1.82% +0.38
GTLS Chart Industries Inc. New 0.32% +0.32
VST Vistra Corp. New 0.26% +0.26
DKL Delek Logistics Partners LP New 0.26% +0.26
BAC Bank of America Corp. New 0.19% +0.19
ITA iShares U.S. Aerospace & Def New 0.17% +0.17
SBS Cia Saneamento Basico DE-ADR New 0.17% +0.17
LMT Lockheed Martin Corp. New 0.17% +0.17
PLTR Palantir Technologies Inc. Class A New 0.15% +0.15
IYW iShares Ustechnology ETF New 0.15% +0.15
VLTO Veralto Corp. Add +89.4% 0.30% +0.14
QQQI Neos Nasdaq-100 High Inc. ETF New 0.13% +0.13
JEPQ JPM Nasdaq Equity Premium Add +73.0% 0.31% +0.13
CLMT Calumet Inc. Add +31.9% 0.36% +0.13
TTEK Tetra Tech Inc. Add +52.8% 0.29% +0.13
QQQ Invesco QQQ Trust Series 1 New 0.11% +0.11
TT Trane Technologies PLC New 0.11% +0.11
META Meta Platforms Inc. Class A New 0.11% +0.11
DIS The Walt Disney Co. Add +0.4% 0.66% +0.11
C Citigroup Inc. Add +61.8% 0.23% +0.11
XLI SS Industrial Select Sector Add +26.8% 0.38% +0.10
DVAX Dynavax Technologies Corp. New 0.09% +0.09
GEL Genesis Energy L.P. Add +1.0% 1.71% +0.08
CNM Core & Main Inc. Class A Add +30.8% 0.19% +0.07
WMB Williams Cos Inc. Add +1.3% 6.15% +0.06
PNR Pentair PLC Add +23.0% 0.21% +0.06
CWCO Consolidated Water Co.-Ord SH Add +23.3% 0.17% +0.05
NGL NGL Energy Partners LP Add +26.1% 0.44% +0.05
MAR Marriott International Class A Add +0.2% 0.54% +0.04
BAH Booz Allen Hamilton Holdings Add +20.0% 0.33% +0.04
DTM DT Midstream Inc. Add +16.2% 0.18% +0.04
WMS Advanced Drainage Systems Inc. Add +11.0% 0.33% +0.03
WMT Walmart Inc. Add +0.4% 0.23% +0.01
SPYI Neos S&P 500 High Income ETF Add +5.2% 0.27% +0.01
LCTX Lineage Cell Therapeutics Inc. Add +8.7% 0.01% +0.00
HTO H2O America Add +13.5% 0.13% +0.00
CWEN Clearway Energy Inc. Class C Add +0.7% 0.13% +0.00
KMI Kinder Morgan Inc. Add +1.6% 0.23% −0.00
MRK Merck & Co. Inc. Add +17.5% 0.12% −0.00
KO The Coca-Cola Co. Add +4.9% 0.28% −0.01
DSL Doubleline Income Solutions Add +2.0% 0.10% −0.01
HESM Hess Midstream LP Class A Add +0.5% 0.34% −0.05
STZ Constellation Brands Inc. Class A Add +3.0% 0.34% −0.05
WES Western Midstream Partners L Add +6.5% 1.22% −0.06
NEE Nextera Energy Inc. Add +0.1% 0.89% −0.07
SUN Sunoco LP Add +0.4% 0.74% −0.10

Notes & Other Activity Q1 2025 → Q2 2025
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +56.9% 262 $308K

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