Socorro Asset Management LP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Socorro Asset Management LP reported 32 stock positions worth $288.0 million. Its top holding was Texas Instruments (TXN) at 4.8% of the portfolio, followed by Morgan Stanley (MS, 4.6%) and Sempra (SRE, 4.4%). Compared with Q1 2025, it opened 2 new positions, sold out of 2, added to 19 and reduced 9. The biggest buy was a new position in Oneok (OKE) and the biggest sale an exit from Valero Energy (VLO).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001781882
Portfolio Value
$288.0M (Q2 2025)
SEC Filing
0001781882-25-000005 ↗ filed Aug 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 Q4 2024 Q1 2025: $278.1M Q1 2025 Q2 2025: $288.0M $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 32 stocks · $288.0M
TXN Texas Instruments Inc. 4.81% 66,750 $13.9M Add +3.3%
MS Morgan Stanley 4.63% 94,697 $13.3M Reduce -6.2%
SRE Sempra 4.38% 166,384 $12.6M Add +16.1%
JPM JPMorgan Chase & Co. 4.24% 42,109 $12.2M Add +4.6%
FERG Ferguson Enterprises Inc. 3.88% 51,298 $11.2M Add +2.6%
CTRA Coterra Energy Inc. 3.87% 439,410 $11.2M Add +2.8%
KO The Coca-Cola Co. 3.85% 156,940 $11.1M Reduce -7.3%
PFE Pfizer Inc. 3.82% 454,020 $11.0M Add +5.6%
AMT American Tower Corp. 3.64% 47,376 $10.5M Reduce -22.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 3.51% 81,612 $10.1M Reduce -7.0%
PNC PNC Financial Services Group 3.46% 53,417 $10.0M Add +7.0%
MLM Martin Marietta Materials 3.44% 18,037 $9.9M Add +1.4%
JCI Johnson Controls Internation 3.40% 92,723 $9.8M Reduce -26.4%
BDX Becton Dickinson and Co. 3.31% 55,286 $9.5M Add +9.7%
PLD Prologis Inc. 3.30% 90,505 $9.5M Add +1.7%
CPT Camden Property Trust 3.24% 82,813 $9.3M Add +13.2%
HD Home Depot Inc. 3.22% 25,270 $9.3M Add +3.5%
TECK Teck Resources Ltd.-CLS B 3.11% 221,779 $9.0M Add +2.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.02% 183,605 $8.7M Reduce -14.5%
APD Air Products & Chemicals Inc. 3.00% 30,681 $8.7M Add +4.2%
UNP Union Pacific Corp. 2.97% 37,151 $8.5M Add +6.5%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) 2.92% 7,000,000 $8.4M No change
MSFT Microsoft Corp. 2.92% 16,894 $8.4M Reduce -24.7%
EXE Expand Energy Corp. 2.68% 66,099 $7.7M Add +73.9%
TFC Truist Financial Corp. 2.59% 173,365 $7.5M Reduce -9.0%
OKE Oneok Inc. 2.44% 86,243 $7.0M New
LRCX Lam Research Corp. 2.44% 72,216 $7.0M Reduce -23.4%
ALC Alcon Inc. filed as ALCON AG 2.42% 79,061 $7.0M Add +2.9%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 2.40% 204,892 $6.9M Add +3.1%
AAPL Apple Inc. 2.39% 33,537 $6.9M Add +33.7%
ARE Alexandria Real Estate Equit 0.63% 25,132 $1.8M No change
NEE Nextera Energy Inc. 0.07% 2,842 $197K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $11.5M (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 245,000$11.5MNo change

Total filed on the 13F, all lines: $299.6M.

Portfolio Sells Q1 2025 → Q2 2025
VLO Valero Energy Corp. Sold out 0.00% −3.06
AMT American Tower Corp. Reduce -22.0% 3.64% −1.12
TGT Target Corp. Sold out 0.00% −0.79
KO The Coca-Cola Co. Reduce -7.3% 3.85% −0.50
TFC Truist Financial Corp. Reduce -9.0% 2.59% −0.23
JCI Johnson Controls Internation Reduce -26.4% 3.40% −0.23
BAC Bank of America Corp. Reduce -14.5% 3.02% −0.21
MSFT Microsoft Corp. Reduce -24.7% 2.92% −0.11
LRCX Lam Research Corp. Reduce -23.4% 2.44% −0.03
MS Morgan Stanley Reduce -6.2% 4.63% +0.40
DIS The Walt Disney Co. Reduce -7.0% 3.51% +0.40

Portfolio Buys Q1 2025 → Q2 2025
OKE Oneok Inc. New 2.44% +2.44
EXE Expand Energy Corp. Add +73.9% 2.68% +1.16
FERG Ferguson Enterprises Inc. Add +2.6% 3.88% +1.00
SRE Sempra Add +16.1% 4.38% +0.70
JPM JPMorgan Chase & Co. Add +4.6% 4.24% +0.69
TXN Texas Instruments Inc. Add +3.3% 4.81% +0.63
AAPL Apple Inc. Add +33.7% 2.39% +0.39
MLM Martin Marietta Materials Add +1.4% 3.44% +0.38
PNC PNC Financial Services Group Add +7.0% 3.46% +0.30
TECK Teck Resources Ltd.-CLS B Add +2.3% 3.11% +0.27
NEE Nextera Energy Inc. New 0.07% +0.07
CPT Camden Property Trust Add +13.2% 3.24% +0.02
UNP Union Pacific Corp. Add +6.5% 2.97% +0.00
HD Home Depot Inc. Add +3.5% 3.22% −0.00
PFE Pfizer Inc. Add +5.6% 3.82% −0.10
APD Air Products & Chemicals Inc. Add +4.2% 3.00% −0.12
ALC Alcon Inc. Add +2.9% 2.42% −0.20
PLD Prologis Inc. Add +1.7% 3.30% −0.27
CTRA Coterra Energy Inc. Add +2.8% 3.87% −0.57
SLB SLB Ltd. Add +3.1% 2.40% −0.58
BDX Becton Dickinson and Co. Add +9.7% 3.31% −0.85

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