Socorro Asset Management LP

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 18, 2026), Socorro Asset Management LP reported 31 stock positions worth $248.0 million. Its top holding was Sempra (SRE) at 4.8% of the portfolio, followed by Morgan Stanley (MS, 4.5%) and PNC Financial Services (PNC, 4.5%). Compared with Q3 2025, it opened 1 new position, sold out of 2, added to 9 and reduced 20. The biggest buy was a new position in Hubbell (HUBB) and the biggest sale an exit from Coterra Energy (CTRA).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001781882
Portfolio Value
$248.0M (Q4 2025)
SEC Filing
0001781882-26-000002 ↗ filed Feb 18, 2026

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 Q3 2025 Q4 2025: $248.0M $248.0M Q4 2025 Q1 2026: $211.0M Q1 2026 Q2 2026: $210.1M Q2 2026

Holdings 31 stocks · $248.0M
SRE Sempra 4.77% 133,912 $11.8M Reduce -13.7%
MS Morgan Stanley 4.53% 63,235 $11.2M Reduce -6.3%
PNC PNC Financial Services Group 4.47% 53,072 $11.1M Add +2.0%
KO The Coca-Cola Co. 3.97% 140,843 $9.8M Reduce -8.4%
TXN Texas Instruments Inc. 3.87% 55,314 $9.6M Reduce -4.1%
MSFT Microsoft Corp. 3.84% 19,701 $9.5M Add +19.7%
PFE Pfizer Inc. 3.83% 381,226 $9.5M Reduce -13.5%
PLD Prologis Inc. 3.81% 73,945 $9.4M Reduce -16.1%
JPM JPMorgan Chase & Co. 3.72% 28,604 $9.2M Add +1.2%
AMT American Tower Corp. 3.58% 50,517 $8.9M Reduce -11.0%
CPT Camden Property Trust 3.56% 80,236 $8.8M Reduce -8.4%
MLM Martin Marietta Materials 3.49% 13,894 $8.7M Reduce -8.6%
EXE Expand Energy Corp. 3.48% 78,131 $8.6M Reduce -7.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 3.40% 74,138 $8.4M Reduce -7.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.38% 152,417 $8.4M Reduce -2.5%
HD Home Depot Inc. 3.38% 24,356 $8.4M Add +6.1%
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) 3.31% 5,000,000 $8.2M Reduce -16.7%
JCI Johnson Controls Internation 3.11% 64,329 $7.7M Reduce -12.9%
AAPL Apple Inc. 3.06% 27,922 $7.6M Reduce -10.1%
APD Air Products & Chemicals Inc. 3.04% 30,466 $7.5M Add +1.9%
ALC Alcon Inc. filed as ALCON AG 3.01% 94,750 $7.5M Reduce -11.1%
UNP Union Pacific Corp. 2.98% 31,953 $7.4M Reduce -11.9%
LRCX Lam Research Corp. 2.94% 42,544 $7.3M Reduce -20.1%
XEL Xcel Energy Inc. 2.90% 97,201 $7.2M Add +43.7%
FERG Ferguson Enterprises Inc. 2.74% 30,507 $6.8M Add +1.7%
DHR Danaher Corp. 2.72% 29,511 $6.8M Add +6.8%
SLB SLB Ltd. filed as SLB LIMITED 2.71% 175,276 $6.7M Reduce -11.8%
OKE Oneok Inc. 2.61% 88,088 $6.5M Add +4.2%
TFC Truist Financial Corp. 2.28% 114,947 $5.7M Reduce -23.1%
HUBB Hubbell Inc. 1.44% 8,023 $3.6M New
NEE Nextera Energy Inc. 0.09% 2,842 $228K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $10.2M (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 197,000$10.2MReduce -17.6%

Total filed on the 13F, all lines: $258.2M.

Portfolio Sells Q3 2025 → Q4 2025
CTRA Coterra Energy Inc. Sold out 0.00% −2.47
ARE Alexandria Real Estate Equit Sold out 0.00% −1.96
AMT American Tower Corp. Reduce -11.0% 3.58% −0.53
SRE Sempra Reduce -13.7% 4.77% −0.48
PFE Pfizer Inc. Reduce -13.5% 3.83% −0.40
TFC Truist Financial Corp. Reduce -23.1% 2.28% −0.29
UNP Union Pacific Corp. Reduce -11.9% 2.98% −0.25
TXN Texas Instruments Inc. Reduce -4.1% 3.87% −0.12
MLM Martin Marietta Materials Reduce -8.6% 3.49% −0.12
DIS The Walt Disney Co. Reduce -7.8% 3.40% −0.06
PLD Prologis Inc. Reduce -16.1% 3.81% +0.01
ALC Alcon Inc. Reduce -11.1% 3.01% +0.02
CPT Camden Property Trust Reduce -8.4% 3.56% +0.04
JCI Johnson Controls Internation Reduce -12.9% 3.11% +0.05
AAPL Apple Inc. Reduce -10.1% 3.06% +0.09
EXE Expand Energy Corp. Reduce -7.1% 3.48% +0.11
KO The Coca-Cola Co. Reduce -8.4% 3.97% +0.13
SLB SLB Ltd. Reduce -11.8% 2.71% +0.14
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) Reduce -16.7% 3.31% +0.18
LRCX Lam Research Corp. Reduce -20.1% 2.94% +0.25
BAC Bank of America Corp. Reduce -2.5% 3.38% +0.34
MS Morgan Stanley Reduce -6.3% 4.53% +0.49

Portfolio Buys Q3 2025 → Q4 2025
HUBB Hubbell Inc. New 1.44% +1.44
XEL Xcel Energy Inc. Add +43.7% 2.90% +0.84
DHR Danaher Corp. Add +6.8% 2.72% +0.66
MSFT Microsoft Corp. Add +19.7% 3.84% +0.63
PNC PNC Financial Services Group Add +2.0% 4.47% +0.53
JPM JPMorgan Chase & Co. Add +1.2% 3.72% +0.36
OKE Oneok Inc. Add +4.2% 2.61% +0.29
FERG Ferguson Enterprises Inc. Add +1.7% 2.74% +0.20
APD Air Products & Chemicals Inc. Add +1.9% 3.04% −0.03
HD Home Depot Inc. Add +6.1% 3.38% −0.12

Notes & Other Activity Q3 2025 → Q4 2025
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 Reduce -17.6% 197,000 $10.2M

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