ELCO Management Co., LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), ELCO Management Co., LLC reported 163 stock positions worth $191.4 million. Its top holding was Cheniere Energy (LNG) at 6.3% of the portfolio, followed by Williams Cos (WMB, 6.0%) and Targa Resources (TRGP, 4.6%). Compared with Q2 2025, it opened 15 new positions, sold out of 7, added to 22 and reduced 103. The biggest buy was a new position in BlackRock Multi-Sector (BIT) and the biggest sale Targa Resources (TRGP, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001690717
- Portfolio Value
- $191.4M (Q3 2025)
- SEC Filing
- 0002085853-25-000233 ↗ filed Nov 5, 2025
Holdings Value
Holdings 163 stocks · $191.4M
| LNG Cheniere Energy Inc. | 6.31% | 51,386 | $12.1M | Reduce -2.2% |
| WMB Williams Cos Inc. | 6.03% | 182,175 | $11.5M | Reduce -2.3% |
| TRGP Targa Resources Corp. | 4.62% | 52,821 | $8.8M | Reduce -7.0% |
| ET Energy Transfer LP | 4.55% | 507,483 | $8.7M | Reduce -5.2% |
| AAPL Apple Inc. | 3.84% | 28,869 | $7.4M | Reduce -3.2% |
| MSFT Microsoft Corp. | 3.55% | 13,128 | $6.8M | Reduce -4.2% |
| GOOG Alphabet Inc. Class C | 3.44% | 27,077 | $6.6M | Reduce -3.1% |
| AMZN Amazon.com Inc. | 3.44% | 30,004 | $6.6M | Reduce -3.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.69% | 7,725 | $5.1M | Reduce -0.0% |
| SCHB Schwab US Broad Market ETF | 2.26% | 168,506 | $4.3M | Add +15.9% |
| HXL Hexcel Corp. | 2.21% | 67,404 | $4.2M | Reduce -3.9% |
| MPLX MPLX LP | 2.19% | 83,971 | $4.2M | Reduce -4.7% |
| NVDA Nvidia Corp. | 2.14% | 21,980 | $4.1M | Reduce -4.7% |
| ABBV Abbvie Inc. | 2.10% | 17,326 | $4.0M | Reduce -0.0% |
| HD Home Depot Inc. | 1.52% | 7,201 | $2.9M | Reduce -9.7% |
| GEL Genesis Energy L.P. | 1.51% | 172,583 | $2.9M | Reduce -9.0% |
| PAA Plains All Amer Pipeline LP | 1.49% | 167,418 | $2.9M | Reduce -6.0% |
| ABT Abbott Laboratories | 1.21% | 17,241 | $2.3M | No change |
| JPM JPMorgan Chase & Co. | 1.15% | 6,958 | $2.2M | Reduce -2.9% |
| WES Western Midstream Partners L | 1.12% | 54,600 | $2.1M | Reduce -9.1% |
| XYLD Global X S&P 500 Cove Call E | 1.08% | 52,900 | $2.1M | Reduce -9.1% |
| HUBB Hubbell Inc. | 1.04% | 4,620 | $2.0M | Reduce -4.4% |
| RTX RTX Corp. | 1.01% | 11,609 | $1.9M | Reduce -6.1% |
| NEE Nextera Energy Inc. | 0.93% | 23,490 | $1.8M | Reduce -3.9% |
| AWK American Water Works Co. Inc. | 0.93% | 12,728 | $1.8M | Reduce -5.2% |
| HON Honeywell International Inc. | 0.92% | 8,331 | $1.8M | Reduce -3.9% |
| JEPI JPMorgan Equity Premium Inco | 0.88% | 29,400 | $1.7M | Reduce -1.0% |
| EQT Eqt Corp. | 0.87% | 30,593 | $1.7M | Reduce -3.4% |
| EPD Enterprise Products Partners | 0.86% | 52,658 | $1.6M | Reduce -8.2% |
| ICE Intercontinental Exchange Inc. | 0.78% | 8,823 | $1.5M | No change |
| UBER Uber Technologies Inc. | 0.77% | 15,015 | $1.5M | Add +31.8% |
| NEXT Nextdecade Corp. | 0.74% | 208,517 | $1.4M | Reduce -13.0% |
| SUN Sunoco LP | 0.73% | 27,830 | $1.4M | Add +6.3% |
| VBNK Versabank | 0.71% | 110,759 | $1.4M | Reduce -14.4% |
| PG The Procter & Gamble Co. | 0.65% | 8,049 | $1.2M | Reduce -3.7% |
| GLW Corning Inc. | 0.64% | 14,926 | $1.2M | Reduce -6.7% |
| XLK SS Technology Select Sector | 0.62% | 4,218 | $1.2M | Add +10.5% |
| NGL NGL Energy Partners LP | 0.62% | 197,080 | $1.2M | Reduce -0.3% |
| PRI Primerica Inc. | 0.58% | 4,000 | $1.1M | No change |
| OKE Oneok Inc. | 0.58% | 15,145 | $1.1M | Reduce -19.9% |
| CL Colgate-Palmolive Co. | 0.56% | 13,500 | $1.1M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.55% | 9,153 | $1.0M | Reduce -9.7% |
| XYL Xylem Inc. | 0.54% | 6,967 | $1.0M | Reduce -16.9% |
| GOOGL Alphabet Inc. Class A | 0.51% | 4,030 | $980K | Add +45.0% |
| MAR Marriott International Class A | 0.48% | 3,530 | $919K | Reduce -5.6% |
| BA The Boeing Co. | 0.47% | 4,198 | $906K | Reduce -5.4% |
| BIT BlackRock Multi-Sector Inc. | 0.47% | 66,655 | $893K | New |
| PPA Invesco Aerospace & Defense | 0.46% | 5,649 | $878K | Reduce -0.2% |
| MCD McDonald's Corp. | 0.42% | 2,672 | $812K | Reduce -3.0% |
| CNM Core & Main Inc. Class A | 0.41% | 14,728 | $793K | Add +149.0% |
| DFAU Dimensional US Core Equity M | 0.41% | 17,095 | $782K | Add +0.1% |
| CARR Carrier Global Corp. | 0.41% | 13,094 | $782K | Reduce -2.8% |
| PFE Pfizer Inc. | 0.40% | 30,149 | $768K | Reduce -3.0% |
| XLI SS Industrial Select Sector | 0.40% | 4,980 | $768K | Add +2.0% |
| CSX CSX Corp. | 0.40% | 21,475 | $763K | Reduce -7.0% |
| CLMT Calumet Inc. | 0.39% | 40,620 | $741K | Reduce -5.7% |
| ILMN Illumina Inc. | 0.38% | 7,693 | $731K | Reduce -5.2% |
| XETYX Eaton Vance Tax-MGD Div Eqty | 0.38% | 45,687 | $726K | Reduce -1.5% |
| JNJ Johnson & Johnson | 0.37% | 3,829 | $710K | Reduce -3.1% |
| EQBK Equity Bancshares Inc. Class A | 0.36% | 17,085 | $695K | Reduce -19.1% |
| FRST Primis Financial Corp. | 0.36% | 65,115 | $684K | Reduce -19.6% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.34% | 11,475 | $660K | Add +5.3% |
| XLF SS Financial Select Sector | 0.34% | 12,105 | $652K | Add +25.4% |
| CMI Cummins Inc. | 0.34% | 1,525 | $644K | Reduce -1.3% |
| PFS Provident Financial Services | 0.33% | 32,740 | $631K | Reduce -14.8% |
| IXJ iShares Global Healthcare Et | 0.32% | 6,809 | $603K | No change |
| VST Vistra Corp. | 0.31% | 3,075 | $602K | Add +19.4% |
| SPYI Neos S&P 500 High Income ETF | 0.30% | 11,025 | $577K | Add +8.9% |
| XLG Invesco S&P 500 Top 50 ETF | 0.29% | 9,750 | $561K | Add +7.7% |
| SRLN SS Blackstone Sr Loan ETF | 0.29% | 13,300 | $553K | Reduce -2.9% |
| SRE Sempra | 0.29% | 6,125 | $551K | Reduce -18.1% |
| PAGP Plains GP Holdings LP | 0.29% | 29,992 | $547K | Reduce -8.0% |
| VLTO Veralto Corp. | 0.28% | 5,019 | $535K | Reduce -10.7% |
| C Citigroup Inc. | 0.28% | 5,200 | $528K | Reduce -0.7% |
| OTIS Otis Worldwide Corp. | 0.27% | 5,709 | $522K | Reduce -5.3% |
| SWIM Latham Group Inc. | 0.26% | 66,049 | $503K | Reduce -28.5% |
| BAH Booz Allen Hamilton Holdings | 0.26% | 5,000 | $500K | Reduce -16.7% |
| XLY SS Consumer Disc Select Sect | 0.26% | 2,075 | $497K | New |
| ITA iShares U.S. Aerospace & Def | 0.25% | 2,250 | $471K | Add +28.6% |
| DKL Delek Logistics Partners LP | 0.24% | 10,263 | $467K | Reduce -10.8% |
| KO The Coca-Cola Co. | 0.24% | 7,031 | $466K | Reduce -5.6% |
| TTEK Tetra Tech Inc. | 0.24% | 13,697 | $457K | Reduce -10.2% |
| WTRG Essential Utilities Inc. | 0.24% | 11,302 | $451K | Reduce -12.4% |
| IYW iShares Ustechnology ETF | 0.24% | 2,300 | $450K | Add +43.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.24% | 895 | $450K | No change |
| HESM Hess Midstream LP Class A | 0.23% | 12,990 | $449K | Reduce -23.0% |
| KMI Kinder Morgan Inc. | 0.23% | 15,841 | $448K | Add +5.3% |
| QYLD Global X Nasd 100 Cov Call | 0.23% | 26,200 | $446K | Reduce -17.9% |
| WMT Walmart Inc. | 0.23% | 4,268 | $440K | Reduce -6.2% |
| MCHB Mechanics Bancorp Class A | 0.23% | 32,825 | $437K | New |
| OLED Universal Display Corp. | 0.23% | 3,000 | $431K | No change |
| CSQ Calamos Strat TTL RTRN FND | 0.22% | 22,023 | $425K | Reduce -0.5% |
| IWM iShares Russell 2000 ETF | 0.22% | 1,730 | $419K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.21% | 7,727 | $399K | No change |
| AVBH Avidbank Holdings Inc. | 0.21% | 15,515 | $396K | New |
| QCOM Qualcomm Inc. | 0.20% | 2,350 | $391K | No change |
| ETJ Eaton Vance RSK-MGD Divers | 0.20% | 42,818 | $385K | Reduce -1.6% |
| CWT California Water Service Grp | 0.19% | 7,943 | $365K | Reduce -10.8% |
| PLTR Palantir Technologies Inc. Class A | 0.19% | 1,975 | $360K | Reduce -4.6% |
| DTM DT Midstream Inc. | 0.18% | 3,050 | $345K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $368K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 298 | $368K | Add +13.7% |
Total filed on the 13F, all lines: $191.8M.
Portfolio Sells Q2 2025 → Q3 2025
| TRGP Targa Resources Corp. | Reduce -7.0% | 4.62% | −0.57 |
| ET Energy Transfer LP | Reduce -5.2% | 4.55% | −0.54 |
| LNG Cheniere Energy Inc. | Reduce -2.2% | 6.31% | −0.41 |
| NEXT Nextdecade Corp. | Reduce -13.0% | 0.74% | −0.38 |
| EFSI Eagle Financial Services Inc. | Reduce -81.2% | 0.11% | −0.36 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.34 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −0.32 |
| FSUN Firstsun Capital Bancorp | Sold out | 0.00% | −0.24 |
| OKE Oneok Inc. | Reduce -19.9% | 0.58% | −0.23 |
| PAA Plains All Amer Pipeline LP | Reduce -6.0% | 1.49% | −0.22 |
| GEL Genesis Energy L.P. | Reduce -9.0% | 1.51% | −0.21 |
| MPLX MPLX LP | Reduce -4.7% | 2.19% | −0.19 |
| USCB Uscb Financial Holdings Inc. | Reduce -55.7% | 0.16% | −0.18 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.17 |
| WMS Advanced Drainage Systems Inc. | Reduce -55.6% | 0.18% | −0.16 |
| HON Honeywell International Inc. | Reduce -3.9% | 0.92% | −0.14 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.14 |
| AMZN Amazon.com Inc. | Reduce -3.1% | 3.44% | −0.12 |
| WMB Williams Cos Inc. | Reduce -2.3% | 6.03% | −0.12 |
| DIS The Walt Disney Co. | Reduce -9.7% | 0.55% | −0.11 |
| CARR Carrier Global Corp. | Reduce -2.8% | 0.41% | −0.11 |
| HESM Hess Midstream LP Class A | Reduce -23.0% | 0.23% | −0.11 |
| XYLD Global X S&P 500 Cove Call E | Reduce -9.1% | 1.08% | −0.10 |
| FRST Primis Financial Corp. | Reduce -19.6% | 0.36% | −0.10 |
| WES Western Midstream Partners L | Reduce -9.1% | 1.12% | −0.10 |
| EQT Eqt Corp. | Reduce -3.4% | 0.87% | −0.10 |
| EQBK Equity Bancshares Inc. Class A | Reduce -19.1% | 0.36% | −0.09 |
| NPB Northpointe Bancshares Inc. | Sold out | 0.00% | −0.07 |
| EPD Enterprise Products Partners | Reduce -8.2% | 0.86% | −0.07 |
| VBNK Versabank | Reduce -14.4% | 0.71% | −0.07 |
| BAH Booz Allen Hamilton Holdings | Reduce -16.7% | 0.26% | −0.07 |
| KVUE Kenvue Inc. | Reduce -8.9% | 0.14% | −0.06 |
| MAR Marriott International Class A | Reduce -5.6% | 0.48% | −0.06 |
| AWK American Water Works Co. Inc. | Reduce -5.2% | 0.93% | −0.05 |
| LNKB Linkbancorp Inc. | Reduce -32.8% | 0.10% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -3.7% | 0.65% | −0.05 |
| TTEK Tetra Tech Inc. | Reduce -10.2% | 0.24% | −0.05 |
| XEVGX Eaton Vance Short Dur Div Inc. | Reduce -36.8% | 0.09% | −0.05 |
| QYLD Global X Nasd 100 Cov Call | Reduce -17.9% | 0.23% | −0.05 |
| SWIM Latham Group Inc. | Reduce -28.5% | 0.26% | −0.05 |
| PAGP Plains GP Holdings LP | Reduce -8.0% | 0.29% | −0.05 |
| AWR American States Water Co. | Reduce -15.3% | 0.18% | −0.04 |
| OTIS Otis Worldwide Corp. | Reduce -5.3% | 0.27% | −0.04 |
| MYFW First Western Financial Inc. | Reduce -19.7% | 0.18% | −0.04 |
| SHBI Shore Bancshares Inc. | Reduce -32.3% | 0.09% | −0.04 |
| KO The Coca-Cola Co. | Reduce -5.6% | 0.24% | −0.03 |
| XYL Xylem Inc. | Reduce -16.9% | 0.54% | −0.03 |
| PNR Pentair PLC | Reduce -21.2% | 0.18% | −0.03 |
| MAS Masco Corp. | Reduce -25.9% | 0.11% | −0.03 |
| MSFT Microsoft Corp. | Reduce -4.2% | 3.55% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| BIT BlackRock Multi-Sector Inc. | New | 0.47% | +0.47 |
| SCHB Schwab US Broad Market ETF | Add +15.9% | 2.26% | +0.45 |
| XLY SS Consumer Disc Select Sect | New | 0.26% | +0.26 |
| GOOGL Alphabet Inc. Class A | Add +45.0% | 0.51% | +0.25 |
| MCHB Mechanics Bancorp Class A | New | 0.23% | +0.23 |
| CNM Core & Main Inc. Class A | Add +149.0% | 0.41% | +0.23 |
| IWM iShares Russell 2000 ETF | New | 0.22% | +0.22 |
| UBER Uber Technologies Inc. | Add +31.8% | 0.77% | +0.21 |
| AVBH Avidbank Holdings Inc. | New | 0.21% | +0.21 |
| ITB iShares U.S. Home Constructi | New | 0.17% | +0.17 |
| SMH Vaneck Semiconductor ETF | New | 0.17% | +0.17 |
| QXO Qxo Inc. | New | 0.15% | +0.15 |
| XLV SS Health Care Select Sector | New | 0.13% | +0.13 |
| COSO Coastal South Bancshares Inc. | New | 0.13% | +0.13 |
| QTUM Defiance Quantum ETF | New | 0.12% | +0.12 |
| XLK SS Technology Select Sector | Add +10.5% | 0.62% | +0.11 |
| SFNC Simmons First Natl Corp. Class A | New | 0.10% | +0.10 |
| IYW iShares Ustechnology ETF | Add +43.8% | 0.24% | +0.09 |
| XLF SS Financial Select Sector | Add +25.4% | 0.34% | +0.08 |
| ITA iShares U.S. Aerospace & Def | Add +28.6% | 0.25% | +0.07 |
| HTZ Hertz Global Hldgs Inc. | New | 0.05% | +0.05 |
| VST Vistra Corp. | Add +19.4% | 0.31% | +0.05 |
| XLG Invesco S&P 500 Top 50 ETF | Add +7.7% | 0.29% | +0.05 |
| SPYI Neos S&P 500 High Income ETF | Add +8.9% | 0.30% | +0.03 |
| JEPQ JPM Nasdaq Equity Premium | Add +5.3% | 0.34% | +0.03 |
| DFAU Dimensional US Core Equity M | Add +0.1% | 0.41% | +0.03 |
| CWEN Clearway Energy Inc. Class C | Add +37.3% | 0.15% | +0.03 |
| XLI SS Industrial Select Sector | Add +2.0% | 0.40% | +0.02 |
| QQQI Neos Nasdaq-100 High Inc. ETF | Add +8.2% | 0.15% | +0.02 |
| PROP Prairie Operating Co. | New | 0.01% | +0.01 |
| SLS Sellas Life Sciences Group I | New | 0.01% | +0.01 |
| LCTX Lineage Cell Therapeutics Inc. | Add +23.5% | 0.02% | +0.01 |
| HTO H2O America | Add +14.3% | 0.14% | +0.01 |
| KMI Kinder Morgan Inc. | Add +5.3% | 0.23% | +0.00 |
| HACK Amplify Cybersecurity ETF | Add +0.4% | 0.16% | +0.00 |
| CIVB Civista Bancshares Inc. | Add +10.5% | 0.18% | −0.01 |
| SUN Sunoco LP | Add +6.3% | 0.73% | −0.01 |
Notes & Other Activity Q2 2025 → Q3 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +13.7% | 298 | $368K |
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 |