Socorro Asset Management LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Socorro Asset Management LP reported 32 stock positions worth $265.7 million. Its top holding was Sempra (SRE) at 5.3% of the portfolio, followed by Pfizer (PFE, 4.2%) and American Tower (AMT, 4.1%). Compared with Q2 2025, it opened 2 new positions, sold out of 2, added to 5 and reduced 24. The biggest buy was a new position in Danaher (DHR) and the biggest sale an exit from Becton Dickinson and (BDX).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001781882
Portfolio Value
$265.7M (Q3 2025)
SEC Filing
0001781882-25-000006 ↗ filed Nov 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 Q2 2025 Q3 2025: $265.7M $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 · $265.7M
SRE Sempra 5.25% 155,080 $14.0M Reduce -6.8%
PFE Pfizer Inc. 4.23% 440,716 $11.2M Reduce -2.9%
AMT American Tower Corp. 4.11% 56,765 $10.9M Add +19.8%
MS Morgan Stanley 4.04% 67,507 $10.7M Reduce -28.7%
TXN Texas Instruments Inc. 3.99% 57,688 $10.6M Reduce -13.6%
PNC PNC Financial Services Group 3.94% 52,030 $10.5M Reduce -2.6%
KO The Coca-Cola Co. 3.84% 153,728 $10.2M Reduce -2.0%
PLD Prologis Inc. 3.80% 88,149 $10.1M Reduce -2.6%
MLM Martin Marietta Materials 3.61% 15,202 $9.6M Reduce -15.7%
CPT Camden Property Trust 3.52% 87,615 $9.4M Add +5.8%
HD Home Depot Inc. 3.50% 22,947 $9.3M Reduce -9.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 3.47% 80,399 $9.2M Reduce -1.5%
EXE Expand Energy Corp. 3.36% 84,084 $8.9M Add +27.2%
JPM JPMorgan Chase & Co. 3.36% 28,269 $8.9M Reduce -32.9%
UNP Union Pacific Corp. 3.23% 36,282 $8.6M Reduce -2.3%
MSFT Microsoft Corp. 3.21% 16,455 $8.5M Reduce -2.6%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) 3.13% 6,000,000 $8.3M Reduce -14.3%
APD Air Products & Chemicals Inc. 3.07% 29,903 $8.2M Reduce -2.5%
JCI Johnson Controls Internation 3.06% 73,861 $8.1M Reduce -20.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.04% 156,403 $8.1M Reduce -14.8%
ALC Alcon Inc. filed as ALCON AG 2.99% 106,556 $7.9M Add +34.8%
AAPL Apple Inc. 2.98% 31,052 $7.9M Reduce -7.4%
LRCX Lam Research Corp. 2.68% 53,225 $7.1M Reduce -26.3%
TFC Truist Financial Corp. 2.57% 149,474 $6.8M Reduce -13.8%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 2.57% 198,764 $6.8M Reduce -3.0%
FERG Ferguson Enterprises Inc. 2.54% 30,003 $6.7M Reduce -41.5%
CTRA Coterra Energy Inc. 2.47% 277,066 $6.6M Reduce -37.0%
OKE Oneok Inc. 2.32% 84,544 $6.2M Reduce -2.0%
DHR Danaher Corp. 2.06% 27,640 $5.5M New
XEL Xcel Energy Inc. 2.05% 67,640 $5.5M New
ARE Alexandria Real Estate Equit 1.96% 62,346 $5.2M Add +148.1%
NEE Nextera Energy Inc. 0.08% 2,842 $215K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $11.9M (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 239,000$11.9MReduce -2.5%

Total filed on the 13F, all lines: $277.6M.

Portfolio Sells Q2 2025 → Q3 2025
BDX Becton Dickinson and Co. Sold out 0.00% −3.31
TECK Teck Resources Ltd.-CLS B Sold out 0.00% −3.11
CTRA Coterra Energy Inc. Reduce -37.0% 2.47% −1.41
FERG Ferguson Enterprises Inc. Reduce -41.5% 2.54% −1.34
JPM JPMorgan Chase & Co. Reduce -32.9% 3.36% −0.88
TXN Texas Instruments Inc. Reduce -13.6% 3.99% −0.82
MS Morgan Stanley Reduce -28.7% 4.04% −0.59
JCI Johnson Controls Internation Reduce -20.3% 3.06% −0.34
OKE Oneok Inc. Reduce -2.0% 2.32% −0.12
DIS The Walt Disney Co. Reduce -1.5% 3.47% −0.05
KO The Coca-Cola Co. Reduce -2.0% 3.84% −0.02
TFC Truist Financial Corp. Reduce -13.8% 2.57% −0.02
BAC Bank of America Corp. Reduce -14.8% 3.04% +0.02
APD Air Products & Chemicals Inc. Reduce -2.5% 3.07% +0.07
SLB SLB Ltd. Reduce -3.0% 2.57% +0.17
MLM Martin Marietta Materials Reduce -15.7% 3.61% +0.17
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) Reduce -14.3% 3.13% +0.21
LRCX Lam Research Corp. Reduce -26.3% 2.68% +0.24
UNP Union Pacific Corp. Reduce -2.3% 3.23% +0.26
HD Home Depot Inc. Reduce -9.2% 3.50% +0.28
MSFT Microsoft Corp. Reduce -2.6% 3.21% +0.29
PFE Pfizer Inc. Reduce -2.9% 4.23% +0.41
PNC PNC Financial Services Group Reduce -2.6% 3.94% +0.48
PLD Prologis Inc. Reduce -2.6% 3.80% +0.50
AAPL Apple Inc. Reduce -7.4% 2.98% +0.59
SRE Sempra Reduce -6.8% 5.25% +0.88

Portfolio Buys Q2 2025 → Q3 2025
DHR Danaher Corp. New 2.06% +2.06
XEL Xcel Energy Inc. New 2.05% +2.05
ARE Alexandria Real Estate Equit Add +148.1% 1.96% +1.32
EXE Expand Energy Corp. Add +27.2% 3.36% +0.68
ALC Alcon Inc. Add +34.8% 2.99% +0.57
AMT American Tower Corp. Add +19.8% 4.11% +0.47
CPT Camden Property Trust Add +5.8% 3.52% +0.28

Notes & Other Activity Q2 2025 → Q3 2025
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 Reduce -2.5% 239,000 $11.9M

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