ELCO Management Co., LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), ELCO Management Co., LLC reported 156 stock positions worth $158.6 million. Its top holding was Alphabet Class C (GOOG) at 5.2% of the portfolio, followed by Apple (AAPL, 5.1%) and Williams Cos (WMB, 5.0%). Compared with Q3 2025, it opened 11 new positions, sold out of 18, added to 31 and reduced 83. The biggest buy was Apple (AAPL, shares +3%) and the biggest sale Cheniere Energy (LNG, shares −39%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001690717
Portfolio Value
$158.6M (Q4 2025)
SEC Filing
0002085853-26-000199 ↗ filed Feb 4, 2026

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 Q2 2025 Q3 2025: $191.4M Q3 2025 Q4 2025: $158.6M $158.6M Q4 2025 Q1 2026: $208.4M Q1 2026 Q2 2026: $231.9M Q2 2026

Holdings 156 stocks · $158.6M
GOOG Alphabet Inc. Class C 5.18% 26,200 $8.2M Reduce -3.2%
AAPL Apple Inc. 5.10% 29,759 $8.1M Add +3.1%
WMB Williams Cos Inc. 4.97% 131,064 $7.9M Reduce -28.1%
AMZN Amazon.com Inc. 4.35% 29,886 $6.9M Reduce -0.4%
MSFT Microsoft Corp. 4.01% 13,160 $6.4M Add +0.2%
LNG Cheniere Energy Inc. 3.81% 31,104 $6.0M Reduce -39.5%
SCHB Schwab US Broad Market ETF 3.29% 198,875 $5.2M Add +18.0%
TRGP Targa Resources Corp. 2.92% 25,116 $4.6M Reduce -52.5%
ET Energy Transfer LP 2.85% 274,115 $4.5M Reduce -46.0%
SPY SS SPDR S&P 500 ETF Trust-US 2.74% 6,375 $4.3M Reduce -17.5%
ABBV Abbvie Inc. 2.47% 17,171 $3.9M Reduce -0.9%
NVDA Nvidia Corp. 2.44% 20,730 $3.9M Reduce -5.7%
HXL Hexcel Corp. 2.10% 45,086 $3.3M Reduce -33.1%
JPM JPMorgan Chase & Co. 1.77% 8,697 $2.8M Add +25.0%
HD Home Depot Inc. 1.64% 7,578 $2.6M Add +5.2%
ABT Abbott Laboratories 1.36% 17,272 $2.2M Add +0.2%
RTX RTX Corp. 1.31% 11,359 $2.1M Reduce -2.1%
HUBB Hubbell Inc. 1.27% 4,527 $2.0M Reduce -2.0%
XYLD Global X S&P 500 Cove Call E 1.24% 48,300 $2.0M Reduce -8.7%
NEE Nextera Energy Inc. 1.09% 21,575 $1.7M Reduce -8.2%
JEPI JPMorgan Equity Premium Inco 1.05% 29,000 $1.7M Reduce -1.4%
HON Honeywell International Inc. 0.97% 7,879 $1.5M Reduce -5.4%
AWK American Water Works Co. Inc. 0.95% 11,605 $1.5M Reduce -8.8%
SUN Sunoco LP 0.92% 27,780 $1.5M Reduce -0.2%
ICE Intercontinental Exchange Inc. 0.90% 8,823 $1.4M No change
MPLX MPLX LP 0.88% 26,080 $1.4M Reduce -68.9%
GLW Corning Inc. 0.79% 14,309 $1.3M Reduce -4.1%
BA The Boeing Co. 0.77% 5,603 $1.2M Add +33.5%
XLK SS Technology Select Sector 0.76% 8,406 $1.2M Reduce -0.4%
PG The Procter & Gamble Co. 0.76% 8,369 $1.2M Add +4.0%
MAR Marriott International Class A 0.68% 3,471 $1.1M Reduce -1.7%
CL Colgate-Palmolive Co. 0.67% 13,501 $1.1M Add +0.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.67% 9,275 $1.1M Add +1.3%
VBNK Versabank 0.66% 70,285 $1.1M Reduce -36.5%
JNJ Johnson & Johnson 0.65% 5,006 $1.0M Add +30.7%
PRI Primerica Inc. 0.65% 4,000 $1.0M No change
UBER Uber Technologies Inc. 0.64% 12,377 $1.0M Reduce -17.6%
XYL Xylem Inc. 0.60% 6,967 $949K No change
ILMN Illumina Inc. 0.59% 7,176 $941K Reduce -6.7%
FRST Primis Financial Corp. 0.57% 65,115 $906K No change
MCD McDonald's Corp. 0.56% 2,929 $895K Add +9.6%
PPA Invesco Aerospace & Defense 0.55% 5,599 $877K Reduce -0.9%
VLTO Veralto Corp. 0.55% 8,789 $877K Add +75.1%
GOOGL Alphabet Inc. Class A 0.55% 2,790 $873K Reduce -30.8%
DFAU Dimensional US Core Equity M 0.50% 17,045 $798K Reduce -0.3%
XLI SS Industrial Select Sector 0.49% 4,980 $772K No change
CSX CSX Corp. 0.49% 21,238 $770K Reduce -1.1%
CMI Cummins Inc. 0.48% 1,484 $758K Reduce -2.7%
GEL Genesis Energy L.P. 0.47% 47,692 $744K Reduce -72.4%
EQBK Equity Bancshares Inc. Class A 0.46% 16,475 $736K Reduce -3.6%
EPD Enterprise Products Partners 0.45% 22,312 $715K Reduce -57.6%
XETYX Eaton Vance Tax-MGD Div Eqty 0.44% 45,387 $696K Reduce -0.7%
PFE Pfizer Inc. 0.43% 27,507 $685K Reduce -8.8%
CARR Carrier Global Corp. 0.43% 12,930 $683K Reduce -1.3%
OKE Oneok Inc. 0.42% 9,034 $664K Reduce -40.4%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.42% 11,375 $661K Reduce -0.9%
IXJ iShares Global Healthcare Et 0.41% 6,709 $653K Reduce -1.5%
PFS Provident Financial Services 0.40% 32,480 $641K Reduce -0.8%
POOL Pool Corp. 0.40% 2,766 $633K New
BIT BlackRock Multi-Sector Inc. 0.39% 46,855 $612K Reduce -29.7%
XLG Invesco S&P 500 Top 50 ETF 0.36% 9,750 $578K No change
SPYI Neos S&P 500 High Income ETF 0.36% 10,925 $574K Reduce -0.9%
NEXT Nextdecade Corp. 0.36% 107,611 $567K Reduce -48.4%
NI Nisource Inc. 0.35% 13,216 $552K New
QQQI Neos Nasdaq-100 High Inc. ETF 0.35% 10,200 $549K Add +92.5%
SGOV iShares 0-3 Month Treasury B 0.33% 5,200 $522K Add +62.5%
AXP American Express Co. 0.33% 1,400 $518K Add +75.0%
SRE Sempra 0.31% 5,571 $492K Reduce -9.0%
OTIS Otis Worldwide Corp. 0.31% 5,589 $488K Reduce -2.1%
CBK Commercial Bancgroup Inc. 0.31% 19,863 $488K New
MCHB Mechanics Bancorp Class A 0.30% 32,825 $480K No change
KO The Coca-Cola Co. 0.30% 6,864 $480K Reduce -2.4%
EQT Eqt Corp. 0.30% 8,904 $477K Reduce -70.9%
WMT Walmart Inc. 0.30% 4,268 $475K No change
SWIM Latham Group Inc. 0.29% 73,510 $467K Add +11.3%
XLF SS Financial Select Sector 0.29% 8,505 $466K Reduce -29.7%
VST Vistra Corp. 0.29% 2,875 $464K Reduce -6.5%
TTEK Tetra Tech Inc. 0.29% 13,697 $459K No change
MNSB Mainstreet Bancshares Inc. 0.29% 22,312 $454K Add +94.7%
BRK.B Berkshire Hathaway Inc. Class B 0.28% 895 $450K No change
KVUE Kenvue Inc. 0.28% 25,670 $443K Add +55.1%
SRLN SS Blackstone Sr Loan ETF 0.28% 10,600 $437K Reduce -20.3%
C Citigroup Inc. 0.27% 3,700 $432K Reduce -28.9%
IWM iShares Russell 2000 ETF 0.27% 1,750 $431K Add +1.2%
BAH Booz Allen Hamilton Holdings 0.27% 5,000 $422K No change
CSQ Calamos Strat TTL RTRN FND 0.26% 21,623 $415K Reduce -1.8%
QYLD Global X Nasd 100 Cov Call 0.26% 23,400 $413K Reduce -10.7%
PAGP Plains GP Holdings LP 0.26% 21,285 $407K Reduce -29.0%
QCOM Qualcomm Inc. 0.25% 2,350 $402K No change
MYFW First Western Financial Inc. 0.25% 14,746 $395K No change
IMAX Imax Corp. 0.24% 10,500 $388K No change
PLTR Palantir Technologies Inc. Class A 0.24% 2,175 $387K Add +10.1%
DTM DT Midstream Inc. 0.24% 3,150 $377K Add +3.3%
XLY SS Consumer Disc Select Sect 0.24% 3,150 $376K Reduce -24.1%
XLV SS Health Care Select Sector 0.24% 2,411 $373K Add +35.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.23% 6,727 $370K Reduce -12.9%
ETJ Eaton Vance RSK-MGD Divers 0.23% 41,693 $368K Reduce -2.6%
YORW York Water Co. filed as YORK WTR CO 0.23% 11,401 $363K Add +28.6%
OLED Universal Display Corp. 0.22% 3,000 $350K No change
WTTR Select Water Solutions Inc. 0.21% 32,211 $339K Add +42.2%
CWCO Consolidated Water Co.-Ord SH 0.21% 9,498 $335K No change
MRK Merck & Co. Inc. 0.21% 3,140 $331K Add +10.7%
KMI Kinder Morgan Inc. 0.20% 11,797 $324K Reduce -25.5%
ITA iShares U.S. Aerospace & Def 0.20% 1,500 $322K Reduce -33.3%
PNR Pentair PLC 0.20% 3,067 $319K No change
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.20% 13,317 $318K No change
USCB Uscb Financial Holdings Inc. 0.20% 17,240 $318K No change
CNM Core & Main Inc. Class A 0.20% 6,059 $315K Reduce -58.9%
AWR American States Water Co. filed as AMER STATES WTR CO 0.20% 4,330 $314K Reduce -5.5%
WTRG Essential Utilities Inc. 0.20% 8,170 $313K Reduce -27.7%
LOW Lowe's Cos Inc. 0.19% 1,260 $304K New
WMS Advanced Drainage Systems Inc. 0.19% 2,095 $303K Reduce -14.8%
CWEN Clearway Energy Inc. Class C 0.18% 8,795 $293K Reduce -16.2%
PAA Plains All Amer Pipeline LP 0.18% 16,079 $289K Reduce -90.4%
SFST Southern First Bancshares 0.18% 5,582 $288K No change
MA Mastercard Inc. Class A 0.18% 495 $283K No change
CWT California Water Service Grp 0.18% 6,463 $280K Reduce -18.6%
V Visa Inc. Class A 0.17% 788 $276K Reduce -8.8%
HTO H2O America 0.17% 5,593 $274K No change
QXO Qxo Inc. 0.17% 13,825 $267K Reduce -8.3%
UTG Reaves Utility Income Fund 0.17% 7,250 $265K Reduce -2.7%
VMI Valmont Industries 0.16% 645 $259K Reduce -27.4%
KBWB Invesco KBW Bank ETF 0.16% 3,000 $253K New
ITB iShares U.S. Home Constructi 0.16% 2,600 $250K Reduce -14.8%
QTUM Defiance Quantum ETF 0.16% 2,260 $248K No change
QQQ Invesco QQQ Trust Series 1 0.15% 386 $237K Reduce -1.0%
BDJ BlackRock Enhanced Eqty DVD 0.15% 24,963 $237K Add +5.5%
ECL Ecolab Inc. 0.15% 891 $234K No change
MDT Medtronic PLC 0.15% 2,419 $232K No change
AMTB Amerant Bancorp Inc. 0.15% 11,897 $232K New
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 0.15% 7,655 $230K New
VIG Vanguard Dividend Apprec ETF 0.14% 1,040 $229K New
AVBH Avidbank Holdings Inc. 0.14% 8,591 $228K Reduce -44.6%
COSO Coastal South Bancshares Inc. 0.14% 9,766 $227K Reduce -12.1%
FAST Fastenal Co. 0.14% 5,630 $226K No change
CIVB Civista Bancshares Inc. 0.14% 10,000 $222K Reduce -40.1%
ARTNA Artesian Resources Corp. Class A 0.14% 7,025 $222K No change
META Meta Platforms Inc. Class A 0.14% 330 $218K Add +15.8%
HESM Hess Midstream LP Class A 0.14% 6,295 $217K Reduce -51.5%
ISTR Investar Holding Corp. 0.14% 8,037 $215K New
DE Deere & Co. 0.14% 460 $214K No change
CLMT Calumet Inc. 0.13% 10,420 $207K Reduce -74.3%
MRBK Meridian Corp. 0.13% 11,722 $206K No change
XOM Exxon Mobil Corp. 0.13% 1,710 $206K New
HACK Amplify Cybersecurity ETF 0.13% 2,540 $204K Reduce -29.3%
ARCC Ares Capital Corp. 0.13% 10,013 $203K Reduce -1.0%
CVS CVS Health Corp. 0.13% 2,521 $200K New
GWRS Global Water Resources Inc. 0.12% 22,999 $194K Reduce -7.5%
BCAL California Bancorp 0.12% 10,000 $187K Reduce -23.5%
DVAX Dynavax Technologies Corp. 0.12% 12,016 $185K Reduce -5.2%
SHBI Shore Bancshares Inc. 0.11% 10,151 $179K No change
XEVGX Eaton Vance Short Dur Div Inc. 0.08% 11,100 $121K Reduce -23.8%
BLACKBOXSTOCKS INC 0.05% 10,000 $81K No change
PROP Prairie Operating Co. 0.04% 41,570 $70K Add +218.4%
SLS Sellas Life Sciences Group I 0.03% 14,609 $55K Add +4.3%
LCTX Lineage Cell Therapeutics Inc. 0.02% 20,500 $34K Add +2.5%

Portfolio Sells Q3 2025 → Q4 2025
LNG Cheniere Energy Inc. Reduce -39.5% 3.81% −2.50
TRGP Targa Resources Corp. Reduce -52.5% 2.92% −1.70
ET Energy Transfer LP Reduce -46.0% 2.85% −1.70
MPLX MPLX LP Reduce -68.9% 0.88% −1.31
PAA Plains All Amer Pipeline LP Reduce -90.4% 0.18% −1.31
WES Western Midstream Partners L Sold out 0.00% −1.12
WMB Williams Cos Inc. Reduce -28.1% 4.97% −1.06
GEL Genesis Energy L.P. Reduce -72.4% 0.47% −1.04
NGL NGL Energy Partners LP Sold out 0.00% −0.62
EQT Eqt Corp. Reduce -70.9% 0.30% −0.57
EPD Enterprise Products Partners Reduce -57.6% 0.45% −0.41
NEXT Nextdecade Corp. Reduce -48.4% 0.36% −0.38
CLMT Calumet Inc. Reduce -74.3% 0.13% −0.26
DKL Delek Logistics Partners LP Sold out 0.00% −0.24
IYW iShares Ustechnology ETF Sold out 0.00% −0.24
CNM Core & Main Inc. Class A Reduce -58.9% 0.20% −0.22
SMH Vaneck Semiconductor ETF Sold out 0.00% −0.17
OKE Oneok Inc. Reduce -40.4% 0.42% −0.16
UBER Uber Technologies Inc. Reduce -17.6% 0.64% −0.13
XLE SS Energy Select Sector Sold out 0.00% −0.12
BXSL Blackstone Secured Lending F Sold out 0.00% −0.12
MAS Masco Corp. Sold out 0.00% −0.11
EFSI Eagle Financial Services Inc. Sold out 0.00% −0.11
TT Trane Technologies PLC Sold out 0.00% −0.11
HXL Hexcel Corp. Reduce -33.1% 2.10% −0.11
LNKB Linkbancorp Inc. Sold out 0.00% −0.10
SFNC Simmons First Natl Corp. Class A Sold out 0.00% −0.10
HESM Hess Midstream LP Class A Reduce -51.5% 0.14% −0.10
USA Liberty All Star Equity Fund Sold out 0.00% −0.09
DSL Doubleline Income Solutions Sold out 0.00% −0.09
BIT BlackRock Multi-Sector Inc. Reduce -29.7% 0.39% −0.08
AVBH Avidbank Holdings Inc. Reduce -44.6% 0.14% −0.06
MCN Xai Madison Equity Premium I Sold out 0.00% −0.05
HTZ Hertz Global Hldgs Inc. Sold out 0.00% −0.05
XLF SS Financial Select Sector Reduce -29.7% 0.29% −0.05
ITA iShares U.S. Aerospace & Def Reduce -33.3% 0.20% −0.04
VBNK Versabank Reduce -36.5% 0.66% −0.04
FOLD Amicus Therapeutics Inc. Sold out 0.00% −0.04
WTRG Essential Utilities Inc. Reduce -27.7% 0.20% −0.04
FTF Franklin Ltd. Dur Inc. TR Sold out 0.00% −0.04
CIVB Civista Bancshares Inc. Reduce -40.1% 0.14% −0.04
HACK Amplify Cybersecurity ETF Reduce -29.3% 0.13% −0.03
KMI Kinder Morgan Inc. Reduce -25.5% 0.20% −0.03
PAGP Plains GP Holdings LP Reduce -29.0% 0.26% −0.03
XLY SS Consumer Disc Select Sect Reduce -24.1% 0.24% −0.02
VST Vistra Corp. Reduce -6.5% 0.29% −0.02
VMI Valmont Industries Reduce -27.4% 0.16% −0.02
CWT California Water Service Grp Reduce -18.6% 0.18% −0.01
SRLN SS Blackstone Sr Loan ETF Reduce -20.3% 0.28% −0.01
ITB iShares U.S. Home Constructi Reduce -14.8% 0.16% −0.01

Portfolio Buys Q3 2025 → Q4 2025
AAPL Apple Inc. Add +3.1% 5.10% +1.26
SCHB Schwab US Broad Market ETF Add +18.0% 3.29% +1.03
JPM JPMorgan Chase & Co. Add +25.0% 1.77% +0.62
MSFT Microsoft Corp. Add +0.2% 4.01% +0.46
POOL Pool Corp. New 0.40% +0.40
NI Nisource Inc. New 0.35% +0.35
CBK Commercial Bancgroup Inc. New 0.31% +0.31
BA The Boeing Co. Add +33.5% 0.77% +0.29
JNJ Johnson & Johnson Add +30.7% 0.65% +0.28
VLTO Veralto Corp. Add +75.1% 0.55% +0.27
QQQI Neos Nasdaq-100 High Inc. ETF Add +92.5% 0.35% +0.20
LOW Lowe's Cos Inc. New 0.19% +0.19
AXP American Express Co. Add +75.0% 0.33% +0.19
MNSB Mainstreet Bancshares Inc. Add +94.7% 0.29% +0.16
SGOV iShares 0-3 Month Treasury B Add +62.5% 0.33% +0.16
KBWB Invesco KBW Bank ETF New 0.16% +0.16
ABT Abbott Laboratories Add +0.2% 1.36% +0.16
AMTB Amerant Bancorp Inc. New 0.15% +0.15
DCOM Dime Commercial Bancshares I New 0.15% +0.15
VIG Vanguard Dividend Apprec ETF New 0.14% +0.14
MCD McDonald's Corp. Add +9.6% 0.56% +0.14
KVUE Kenvue Inc. Add +55.1% 0.28% +0.14
ISTR Investar Holding Corp. New 0.14% +0.14
XOM Exxon Mobil Corp. New 0.13% +0.13
CVS CVS Health Corp. New 0.13% +0.13
HD Home Depot Inc. Add +5.2% 1.64% +0.12
DIS The Walt Disney Co. Add +1.3% 0.67% +0.12
PG The Procter & Gamble Co. Add +4.0% 0.76% +0.11
CL Colgate-Palmolive Co. Add +0.0% 0.67% +0.11
XLV SS Health Care Select Sector Add +35.0% 0.24% +0.11
YORW York Water Co. Add +28.6% 0.23% +0.09
WTTR Select Water Solutions Inc. Add +42.2% 0.21% +0.09
MRK Merck & Co. Inc. Add +10.7% 0.21% +0.08
DTM DT Midstream Inc. Add +3.3% 0.24% +0.06
PLTR Palantir Technologies Inc. Class A Add +10.1% 0.24% +0.06
IWM iShares Russell 2000 ETF Add +1.2% 0.27% +0.05
BDJ BlackRock Enhanced Eqty DVD Add +5.5% 0.15% +0.04
SWIM Latham Group Inc. Add +11.3% 0.29% +0.03
PROP Prairie Operating Co. Add +218.4% 0.04% +0.03
META Meta Platforms Inc. Class A Add +15.8% 0.14% +0.03
SLS Sellas Life Sciences Group I Add +4.3% 0.03% +0.02
LCTX Lineage Cell Therapeutics Inc. Add +2.5% 0.02% +0.00

Notes & Other Activity Q3 2025 → Q4 2025
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Sold out 298 $368Kbefore exit

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