Socorro Asset Management LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Socorro Asset Management LP reported 31 stock positions worth $243.7 million. Its top holding was Sempra (SRE) at 4.9% of the portfolio, followed by Coterra Energy (CTRA, 4.6%) and Coca-Cola (KO, 4.5%). Compared with Q3 2024, it opened 2 new positions, sold out of 2, added to 9 and reduced 3. The biggest buy was a new position in Walt Disney (DIS) and the biggest sale Alexandria Real Estate Equit (ARE, shares −68%).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001781882
Portfolio Value
$243.7M (Q4 2024)
SEC Filing
0001781882-25-000002 ↗ filed Feb 14, 2025

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 Q3 2024 Q4 2024: $243.7M $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 · $243.7M
SRE Sempra 4.87% 135,405 $11.9M No change
CTRA Coterra Energy Inc. 4.61% 440,262 $11.2M Add +9.2%
KO The Coca-Cola Co. 4.46% 174,635 $10.9M Add +22.9%
PFE Pfizer Inc. 4.36% 400,263 $10.6M Add +49.9%
BDX Becton Dickinson and Co. 4.35% 46,749 $10.6M Add +27.3%
TXN Texas Instruments Inc. 4.34% 56,459 $10.6M Add +11.7%
AMT American Tower Corp. 4.26% 56,629 $10.4M Add +60.7%
MS Morgan Stanley 3.97% 77,029 $9.7M No change
JCI Johnson Controls Internation 3.80% 117,377 $9.3M No change
JPM JPMorgan Chase & Co. 3.69% 37,515 $9.0M No change
PLD Prologis Inc. 3.60% 82,954 $8.8M Add +10.5%
PNC PNC Financial Services Group 3.56% 44,972 $8.7M No change
TECK Teck Resources Ltd.-CLS B 3.37% 202,423 $8.2M No change
TFC Truist Financial Corp. 3.33% 186,838 $8.1M No change
FERG Ferguson Enterprises Inc. 3.32% 46,580 $8.1M Add +12.6%
APD Air Products & Chemicals Inc. 3.30% 27,718 $8.0M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.28% 182,046 $8.0M No change
HD Home Depot Inc. 3.24% 20,312 $7.9M No change
CPT Camden Property Trust 3.20% 67,210 $7.8M No change
UNP Union Pacific Corp. 3.05% 32,588 $7.4M No change
VLO Valero Energy Corp. 3.01% 59,743 $7.3M No change
MSFT Microsoft Corp. 2.99% 17,305 $7.3M No change
MLM Martin Marietta Materials 2.71% 12,793 $6.6M No change
LRCX Lam Research Corp. 2.68% 90,441 $6.5M Add +46.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 2.68% 58,577 $6.5M New
ALC Alcon Inc. filed as ALCON AG 2.54% 72,795 $6.2M No change
AAPL Apple Inc. 2.36% 22,988 $5.8M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.99% 126,381 $4.8M Reduce -44.9%
TGT Target Corp. 1.17% 21,091 $2.9M Reduce -60.8%
ARE Alexandria Real Estate Equit 1.01% 25,132 $2.5M Reduce -68.2%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) 0.89% 2,000,000 $2.2M New
Other holdings (1): bonds, preferreds, convertibles and warrants · $12.0M (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 245,000$12.0MAdd +44.1%

Total filed on the 13F, all lines: $255.6M.

Portfolio Sells Q3 2024 → Q4 2024
ARE Alexandria Real Estate Equit Reduce -68.2% 1.01% −2.69
RYN Rayonier Inc. Sold out 0.00% −2.66
TGT Target Corp. Reduce -60.8% 1.17% −2.13
SLB SLB Ltd. Reduce -44.9% 1.99% −1.80
HUM Humana Inc. Sold out 0.00% −1.43

Portfolio Buys Q3 2024 → Q4 2024
DIS The Walt Disney Co. New 2.68% +2.68
PFE Pfizer Inc. Add +49.9% 4.36% +1.32
AMT American Tower Corp. Add +60.7% 4.26% +1.04
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) New 0.89% +0.89
BDX Becton Dickinson and Co. Add +27.3% 4.35% +0.86
CTRA Coterra Energy Inc. Add +9.2% 4.61% +0.81
LRCX Lam Research Corp. Add +46.3% 2.68% +0.69
KO The Coca-Cola Co. Add +22.9% 4.46% +0.44
TXN Texas Instruments Inc. Add +11.7% 4.34% +0.23
FERG Ferguson Enterprises Inc. Add +12.6% 3.32% +0.08
PLD Prologis Inc. Add +10.5% 3.60% −0.14

Notes & Other Activity Q3 2024 → Q4 2024
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 Add +44.1% 245,000 $12.0M

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