Socorro Asset Management LP

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Socorro Asset Management LP reported 31 stock positions worth $211.0 million. Its top holding was Sempra (SRE) at 5.3% of the portfolio, followed by Air Products & Chemicals (APD, 4.4%) and Texas Instruments (TXN, 4.3%). Compared with Q4 2025, it opened 2 new positions, sold out of 2, added to 5 and reduced 23. The biggest buy was a new position in S&P Global (SPGI) and the biggest sale an exit from Advanced Energy Ind (aeis 2.5 09/15/28).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001781882
Portfolio Value
$211.0M (Q1 2026)
SEC Filing
0001781882-26-000004 ↗ filed May 15, 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 Q4 2025 Q1 2026: $211.0M $211.0M Q1 2026 Q2 2026: $210.1M Q2 2026

Holdings 31 stocks · $211.0M
SRE Sempra 5.33% 115,679 $11.2M Reduce -13.6%
APD Air Products & Chemicals Inc. 4.36% 31,642 $9.2M Add +3.9%
TXN Texas Instruments Inc. 4.34% 47,159 $9.2M Reduce -14.7%
KO The Coca-Cola Co. 4.29% 118,995 $9.0M Reduce -15.5%
PFE Pfizer Inc. 4.19% 315,112 $8.8M Reduce -17.3%
XEL Xcel Energy Inc. 3.96% 105,154 $8.4M Add +8.2%
EXE Expand Energy Corp. 3.87% 74,433 $8.2M Reduce -4.7%
AMT American Tower Corp. 3.75% 45,799 $7.9M Reduce -9.3%
PNC PNC Financial Services Group 3.71% 37,655 $7.8M Reduce -29.1%
JPM JPMorgan Chase & Co. 3.60% 25,812 $7.6M Reduce -9.8%
SLB SLB Ltd. filed as SLB LIMITED 3.57% 146,717 $7.5M Reduce -16.3%
MSFT Microsoft Corp. 3.48% 19,853 $7.3M Add +0.8%
CPT Camden Property Trust 3.34% 72,077 $7.0M Reduce -10.2%
HD Home Depot Inc. 3.33% 21,384 $7.0M Reduce -12.2%
MS Morgan Stanley 3.33% 42,673 $7.0M Reduce -32.5%
OKE Oneok Inc. 3.26% 76,179 $6.9M Reduce -13.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 3.23% 70,717 $6.8M Reduce -4.6%
MLM Martin Marietta Materials 3.23% 11,572 $6.8M Reduce -16.7%
FERG Ferguson Enterprises Inc. 3.11% 28,091 $6.6M Reduce -7.9%
ALC Alcon Inc. filed as ALCON AG 2.97% 83,135 $6.3M Reduce -12.3%
PLD Prologis Inc. 2.96% 47,195 $6.2M Reduce -36.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.95% 127,608 $6.2M Reduce -16.3%
AAPL Apple Inc. 2.92% 24,302 $6.2M Reduce -13.0%
JCI Johnson Controls Internation 2.74% 44,105 $5.8M Reduce -31.4%
DHR Danaher Corp. 2.66% 29,576 $5.6M Add +0.2%
SPGI S&P Global Inc. 2.45% 12,154 $5.2M New
ICE Intercontinental Exchange Inc. 2.44% 32,738 $5.1M New
TFC Truist Financial Corp. 2.27% 104,287 $4.8M Reduce -9.3%
LRCX Lam Research Corp. 2.21% 21,809 $4.7M Reduce -48.7%
HUBB Hubbell Inc. 2.05% 8,812 $4.3M Add +9.8%
NEE Nextera Energy Inc. 0.13% 2,842 $264K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $10.0M (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 179,085$10.0MReduce -9.1%

Total filed on the 13F, all lines: $221.1M.

Portfolio Sells Q4 2025 → Q1 2026
ADVANCED ENERGY IND (AEIS 2.5 09/15/28) Sold out 0.00% −3.31
UNP Union Pacific Corp. Sold out 0.00% −2.98
MS Morgan Stanley Reduce -32.5% 3.33% −1.20
PLD Prologis Inc. Reduce -36.2% 2.96% −0.85
PNC PNC Financial Services Group Reduce -29.1% 3.71% −0.75
LRCX Lam Research Corp. Reduce -48.7% 2.21% −0.73
BAC Bank of America Corp. Reduce -16.3% 2.95% −0.43
JCI Johnson Controls Internation Reduce -31.4% 2.74% −0.37
MLM Martin Marietta Materials Reduce -16.7% 3.23% −0.26
CPT Camden Property Trust Reduce -10.2% 3.34% −0.23
DIS The Walt Disney Co. Reduce -4.6% 3.23% −0.17
AAPL Apple Inc. Reduce -13.0% 2.92% −0.14
JPM JPMorgan Chase & Co. Reduce -9.8% 3.60% −0.12
HD Home Depot Inc. Reduce -12.2% 3.33% −0.05
ALC Alcon Inc. Reduce -12.3% 2.97% −0.04
TFC Truist Financial Corp. Reduce -9.3% 2.27% −0.01
AMT American Tower Corp. Reduce -9.3% 3.75% +0.17
KO The Coca-Cola Co. Reduce -15.5% 4.29% +0.32
PFE Pfizer Inc. Reduce -17.3% 4.19% +0.36
FERG Ferguson Enterprises Inc. Reduce -7.9% 3.11% +0.37
EXE Expand Energy Corp. Reduce -4.7% 3.87% +0.39
TXN Texas Instruments Inc. Reduce -14.7% 4.34% +0.47
SRE Sempra Reduce -13.6% 5.33% +0.56
OKE Oneok Inc. Reduce -13.5% 3.26% +0.65
SLB SLB Ltd. Reduce -16.3% 3.57% +0.86

Portfolio Buys Q4 2025 → Q1 2026
SPGI S&P Global Inc. New 2.45% +2.45
ICE Intercontinental Exchange Inc. New 2.44% +2.44
APD Air Products & Chemicals Inc. Add +3.9% 4.36% +1.32
XEL Xcel Energy Inc. Add +8.2% 3.96% +1.06
HUBB Hubbell Inc. Add +9.8% 2.05% +0.61
DHR Danaher Corp. Add +0.2% 2.66% −0.07
MSFT Microsoft Corp. Add +0.8% 3.48% −0.36

Notes & Other Activity Q4 2025 → Q1 2026
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 Reduce -9.1% 179,085 $10.0M

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