ELCO Management Co., LLC

Name: ELCO Management Co., LLC 13F holdings, Q3 2025
Creator: ELCO Management Co., LLC
Published: 2025-11-05

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

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
VMI Valmont Industries	0.18%	888	$344K	Reduce -11.0%
IMAX Imax Corp.	0.18%	10,500	$344K	No change
WMS Advanced Drainage Systems Inc.	0.18%	2,460	$341K	Reduce -55.6%
PNR Pentair PLC	0.18%	3,067	$340K	Reduce -21.2%
MYFW First Western Financial Inc.	0.18%	14,746	$340K	Reduce -19.7%
CIVB Civista Bancshares Inc.	0.18%	16,687	$339K	Add +10.5%
AWR American States Water Co. filed as AMER STATES WTR CO	0.18%	4,580	$336K	Reduce -15.3%
CWCO Consolidated Water Co.-Ord SH	0.17%	9,498	$335K	Reduce -9.6%
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI	0.17%	13,317	$331K	Reduce -10.3%
ITB iShares U.S. Home Constructi	0.17%	3,050	$327K	New
SMH Vaneck Semiconductor ETF	0.17%	1,000	$326K	New
SGOV iShares 0-3 Month Treasury B	0.17%	3,200	$322K	Reduce -3.0%
HACK Amplify Cybersecurity ETF	0.16%	3,590	$312K	Add +0.4%
USCB Uscb Financial Holdings Inc.	0.16%	17,240	$301K	Reduce -55.7%
CWEN Clearway Energy Inc. Class C	0.15%	10,495	$296K	Add +37.3%
UTG Reaves Utility Income Fund	0.15%	7,450	$295K	Reduce -1.3%
V Visa Inc. Class A	0.15%	864	$295K	No change
QXO Qxo Inc.	0.15%	15,075	$287K	New
QQQI Neos Nasdaq-100 High Inc. ETF	0.15%	5,300	$287K	Add +8.2%
MA Mastercard Inc. Class A	0.15%	495	$282K	No change
FAST Fastenal Co.	0.14%	5,630	$276K	No change
HTO H2O America	0.14%	5,593	$272K	Add +14.3%
YORW York Water Co. filed as YORK WTR CO	0.14%	8,865	$270K	Reduce -10.9%
KVUE Kenvue Inc.	0.14%	16,545	$269K	Reduce -8.9%
AXP American Express Co.	0.14%	800	$266K	No change
GWRS Global Water Resources Inc.	0.13%	24,854	$256K	Reduce -10.1%
XLV SS Health Care Select Sector	0.13%	1,786	$249K	New
SFST Southern First Bancshares	0.13%	5,582	$246K	Reduce -19.7%
ECL Ecolab Inc.	0.13%	891	$244K	Reduce -10.8%
COSO Coastal South Bancshares Inc.	0.13%	11,115	$242K	New
WTTR Select Water Solutions Inc.	0.13%	22,647	$242K	Reduce -10.4%
MNSB Mainstreet Bancshares Inc.	0.12%	11,462	$239K	Reduce -21.8%
MRK Merck & Co. Inc.	0.12%	2,837	$238K	No change
QTUM Defiance Quantum ETF	0.12%	2,260	$237K	New
XLE SS Energy Select Sector	0.12%	2,650	$237K	No change
QQQ Invesco QQQ Trust Series 1	0.12%	390	$234K	No change
MDT Medtronic PLC	0.12%	2,419	$230K	Reduce -17.4%
ARTNA Artesian Resources Corp. Class A	0.12%	7,025	$229K	Reduce -10.5%
BXSL Blackstone Secured Lending F	0.12%	8,500	$222K	No change
BCAL California Bancorp	0.11%	13,070	$218K	Reduce -20.0%
MAS Masco Corp.	0.11%	3,070	$216K	Reduce -25.9%
BDJ BlackRock Enhanced Eqty DVD	0.11%	23,663	$216K	Reduce -14.5%
DE Deere & Co.	0.11%	460	$210K	No change
META Meta Platforms Inc. Class A	0.11%	285	$209K	No change
EFSI Eagle Financial Services Inc.	0.11%	5,515	$209K	Reduce -81.2%
TT Trane Technologies PLC	0.11%	490	$207K	No change
ARCC Ares Capital Corp.	0.11%	10,113	$206K	Reduce -4.6%
SFNC Simmons First Natl Corp. Class A	0.10%	10,000	$192K	New
LNKB Linkbancorp Inc.	0.10%	26,884	$192K	Reduce -32.8%
MRBK Meridian Corp.	0.10%	11,722	$185K	Reduce -21.9%
USA Liberty All Star Equity Fund	0.09%	27,884	$177K	Reduce -2.0%
DSL Doubleline Income Solutions	0.09%	13,700	$168K	Reduce -8.7%
SHBI Shore Bancshares Inc.	0.09%	10,151	$167K	Reduce -32.3%
XEVGX Eaton Vance Short Dur Div Inc.	0.09%	14,575	$165K	Reduce -36.8%
DVAX Dynavax Technologies Corp.	0.07%	12,671	$126K	Reduce -25.2%
MCN Xai Madison Equity Premium I	0.05%	16,823	$104K	Reduce -10.6%
HTZ Hertz Global Hldgs Inc.	0.05%	15,000	$102K	New
FOLD Amicus Therapeutics Inc.	0.04%	10,055	$79K	Reduce -11.8%
FTF Franklin Ltd. Dur Inc. TR	0.04%	11,200	$71K	Reduce -8.2%
BLACKBOXSTOCKS INC	0.03%	10,000	$59K	No change
LCTX Lineage Cell Therapeutics Inc.	0.02%	20,000	$34K	Add +23.5%
PROP Prairie Operating Co.	0.01%	13,055	$26K	New
SLS Sellas Life Sciences Group I	0.01%	14,009	$23K	New

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