Socorro Asset Management LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Socorro Asset Management LP reported 31 stock positions worth $253.9 million. Its top holding was Sempra (SRE) at 4.5% of the portfolio, followed by Teck Resources Ltd.-CLS B (TECK, 4.2%) and Texas Instruments (TXN, 4.1%). Compared with Q2 2024, it opened 1 new position, sold out of 2, added to 18 and reduced 11. The biggest buy was American Tower (AMT, shares +171%) and the biggest sale an exit from Lam Research (LRCX).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001781882
Portfolio Value
$253.9M (Q3 2024)
SEC Filing
0001781882-24-000007 ↗ filed Nov 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $261.6M Q1 2024 Q2 2024: $256.7M Q2 2024 Q3 2024: $253.9M $253.9M Q3 2024 Q4 2024: $243.7M Q4 2024 Q1 2025: $278.1M Q1 2025 Q2 2025: $288.0M Q2 2025 Q3 2025: $265.7M Q3 2025 Q4 2025: $248.0M Q4 2025 Q1 2026: $211.0M Q1 2026 Q2 2026: $210.1M Q2 2026

Holdings 31 stocks · $253.9M
SRE Sempra 4.46% 135,405 $11.3M Add +0.4%
TECK Teck Resources Ltd.-CLS B 4.16% 202,423 $10.6M Add +0.8%
TXN Texas Instruments Inc. 4.11% 50,553 $10.4M Add +0.8%
KO The Coca-Cola Co. 4.02% 142,109 $10.2M Add +0.3%
CTRA Coterra Energy Inc. 3.80% 403,106 $9.7M Add +17.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 3.79% 229,313 $9.6M Add +1.2%
PLD Prologis Inc. 3.73% 75,089 $9.5M Reduce -12.9%
ARE Alexandria Real Estate Equit 3.70% 79,041 $9.4M Add +0.3%
JCI Johnson Controls Internation 3.59% 117,377 $9.1M Add +0.1%
BDX Becton Dickinson and Co. 3.49% 36,732 $8.9M Add +0.9%
TGT Target Corp. 3.30% 53,740 $8.4M Add +0.4%
PNC PNC Financial Services Group 3.27% 44,972 $8.3M Reduce -6.6%
CPT Camden Property Trust 3.27% 67,210 $8.3M No change
APD Air Products & Chemicals Inc. 3.25% 27,718 $8.3M Add +0.6%
HD Home Depot Inc. 3.24% 20,312 $8.2M Add +0.3%
FERG Ferguson Enterprises Inc. 3.24% 41,375 $8.2M Add +1.2%
AMT American Tower Corp. 3.23% 35,234 $8.2M Add +171.0%
VLO Valero Energy Corp. 3.18% 59,743 $8.1M Add +4.1%
UNP Union Pacific Corp. 3.16% 32,588 $8.0M Reduce -8.2%
MS Morgan Stanley 3.16% 77,029 $8.0M Reduce -18.4%
TFC Truist Financial Corp. 3.15% 186,838 $8.0M Reduce -17.6%
JPM JPMorgan Chase & Co. 3.12% 37,515 $7.9M Reduce -20.7%
PFE Pfizer Inc. 3.04% 266,951 $7.7M Add +17.9%
MSFT Microsoft Corp. 2.93% 17,305 $7.4M Reduce -9.6%
ALC Alcon Inc. filed as ALCON AG 2.87% 72,795 $7.3M Reduce -14.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.84% 182,046 $7.2M Reduce -7.8%
MLM Martin Marietta Materials 2.71% 12,793 $6.9M Add +0.5%
RYN Rayonier Inc. 2.66% 209,797 $6.8M Add +0.7%
AAPL Apple Inc. 2.11% 22,988 $5.4M Reduce -23.5%
LRCX Lam Research Corp. 1.99% 6,182 $5.0M New
HUM Humana Inc. 1.43% 11,460 $3.6M Reduce -31.7%
Other holdings (1): bonds, preferreds, convertibles and warrants · $9.4M (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 170,000$9.4MNew

Total filed on the 13F, all lines: $263.4M.

Portfolio Sells Q2 2024 → Q3 2024
LRCX Lam Research Corp. Sold out 0.00% −3.03
CARR Carrier Global Corp. Sold out 0.00% −2.90
HUM Humana Inc. Reduce -31.7% 1.43% −1.01
JPM JPMorgan Chase & Co. Reduce -20.7% 3.12% −0.61
MS Morgan Stanley Reduce -18.4% 3.16% −0.41
MSFT Microsoft Corp. Reduce -9.6% 2.93% −0.40
AAPL Apple Inc. Reduce -23.5% 2.11% −0.35
TFC Truist Financial Corp. Reduce -17.6% 3.15% −0.29
BAC Bank of America Corp. Reduce -7.8% 2.84% −0.21
ALC Alcon Inc. Reduce -14.6% 2.87% −0.09
PLD Prologis Inc. Reduce -12.9% 3.73% −0.04
UNP Union Pacific Corp. Reduce -8.2% 3.16% +0.04
PNC PNC Financial Services Group Reduce -6.6% 3.27% +0.36

Portfolio Buys Q2 2024 → Q3 2024
AMT American Tower Corp. Add +171.0% 3.23% +2.24
LRCX Lam Research Corp. New 1.99% +1.99
PFE Pfizer Inc. Add +17.9% 3.04% +0.57
JCI Johnson Controls Internation Add +0.1% 3.59% +0.55
HD Home Depot Inc. Add +0.3% 3.24% +0.53
KO The Coca-Cola Co. Add +0.3% 4.02% +0.51
APD Air Products & Chemicals Inc. Add +0.6% 3.25% +0.48
SRE Sempra Add +0.4% 4.46% +0.46
TECK Teck Resources Ltd.-CLS B Add +0.8% 4.16% +0.42
TXN Texas Instruments Inc. Add +0.8% 4.11% +0.31
RYN Rayonier Inc. Add +0.7% 2.66% +0.30
CTRA Coterra Energy Inc. Add +17.2% 3.80% +0.23
TGT Target Corp. Add +0.4% 3.30% +0.21
BDX Becton Dickinson and Co. Add +0.9% 3.49% +0.17
FERG Ferguson Enterprises Inc. Add +1.2% 3.24% +0.15
ARE Alexandria Real Estate Equit Add +0.3% 3.70% +0.10
MLM Martin Marietta Materials Add +0.5% 2.71% +0.02
VLO Valero Energy Corp. Add +4.1% 3.18% −0.33
SLB SLB Ltd. Add +1.2% 3.79% −0.38

Notes & Other Activity Q2 2024 → Q3 2024
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 New 170,000 $9.4M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 31$210.1MAPD, SRE, PNC, JPM, XEL
Q1 2026 31$211.0MSRE, APD, TXN, KO, PFE
Q4 2025 31$248.0MSRE, MS, PNC, KO, TXN
Q3 2025 32$265.7MSRE, PFE, AMT, MS, TXN
Q2 2025 32$288.0MTXN, MS, SRE, JPM, FERG
Q1 2025 32$278.1MAMT, CTRA, KO, MS, TXN
Q4 2024 31$243.7MSRE, CTRA, KO, PFE, BDX
Q3 2024 31$253.9MSRE, TECK, TXN, KO, CTRA
Q2 2024 32$256.7MSLB, SRE, TXN, PLD, TECK
Q1 2024 31$261.6MVLO, SLB, MS, ARE, BAC