CIK: 0001911520
Total reported value
$181.7M
Reporting period: 2026-03-31 · Number of holdings: 159
Cladis Investment Advisory, LLC disclosed 159 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $181.7M and a quarterly turnover rate of 17.7%.
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Cladis Investment Advisory, LLC's disclosed holdings carry a Herfindahl concentration index of 0.017 — mathematically equivalent to about 59 equally-sized positions, well below its 159 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.31), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim AAPL
-4.3% -$1.6M
Trim LLY
-11.0% -$1.2M
Trim MSFT
+2.5% -$1.2M
Trim GOOG
-52.3% -$1.1M
Add XOM
-1.6% $1.0M
Add GEV
-4.4% $1.0M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | Stock-Tech | 7.47% | -0.85% | -4.29% | |
| 2 | NVDA | Nvidia CORP | Stock-Tech | 4.61% | -0.28% | +0.33% | |
| 3 | AMZN | Amazon.com INC | Stock-Consumer Disc | 2.44% | -0.28% | -1.39% | |
| 4 | GE | General Electric | Stock-Industrials | 2.39% | -0.33% | -4.82% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 2.32% | -0.62% | +2.48% | |
| 6 | GEV | GE Vernova INC | Stock-Industrials | 2.31% | +0.56% | -4.44% | |
| 7 | LLY | Eli Lilly & Co | Stock-Healthcare | 2.10% | -0.64% | -10.96% | |
| 8 | XOM | Exxon Mobil CORP | Stock-Energy | 1.99% | +0.56% | -1.57% | |
| 9 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.92% | +0.21% | — | |
| 10 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.83% | -0.17% | -3.36% | |
| 11 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 1.76% | +0.21% | -1.99% | |
| 12 | CAT | Caterpillar INC | Stock-Industrials | 1.66% | +0.15% | -11.15% | |
| 13 | FIBK | First Interstate Bancsys-a | Stock-Other | 1.56% | — | -3.30% | |
| 14 | XLK | Ss Technology Select Sector | ETF-Tech | 1.55% | -0.30% | -9.61% | |
| 15 | IBM | Intl Business Machines CORP | Stock-Tech | 1.49% | -0.33% | -0.45% | |
| 16 | VZ | Verizon Communications INC | Stock-Comm Services | 1.41% | +0.24% | -2.84% | |
| 17 | T | At&t INC | Stock-Comm Services | 1.39% | +0.15% | -4.49% | |
| 18 | XLE | Ss Energy Select Sector | ETF-Other | 1.35% | +0.33% | -4.11% | |
| 19 | NEE | Nextera Energy INC | Stock-Utilities | 1.20% | — | -4.41% | |
| 20 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.17% | -0.12% | -1.37% | |
| 21 | QXO | Qxo INC | Stock-Industrials | 1.11% | — | -3.54% | |
| 22 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 1.07% | +0.22% | -18.91% | |
| 23 | UPS | United Parcel Service-cl B | Stock-Industrials | 1.06% | -0.16% | -13.17% | |
| 24 | ORCL | Oracle CORP | Stock-Tech | 1.03% | +0.33% | +94.40% | |
| 25 | KNF | Knife River CORP | Stock-Materials | 0.98% | +0.14% | -0.46% | |
| 26 | PFE | Pfizer INC | Stock-Healthcare | 0.96% | — | -4.46% | |
| 27 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.93% | — | -3.75% | |
| 28 | XLF | Ss Financial Select Sector | ETF-Other | 0.92% | — | -1.16% | |
| 29 | AMD | Advanced Micro Devices | Stock-Tech | 0.90% | — | +12.57% | |
| 30 | NFLX | Netflix INC | Stock-Comm Services | 0.88% | +0.23% | +31.64% | |
| 31 | FTAI | FTAI Aviation Ltd. | Stock-Industrials | 0.88% | — | -23.53% | |
| 32 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 0.87% | — | +7.09% | |
| 33 | NKE | Nike INC -cl B | Stock-Consumer Disc | 0.86% | — | +16.00% | |
| 34 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.86% | -0.14% | +0.82% | |
| 35 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.84% | — | +3.30% | |
| 36 | WMT | Walmart INC | Stock-Consumer Staples | 0.84% | — | -7.72% | |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.83% | — | -1.56% | |
| 38 | ECG | Everus Construction Group | Stock-Industrials | 0.81% | — | -21.20% | |
| 39 | F | Ford Motor Co | Stock-Consumer Disc | 0.79% | — | +0.00% | |
| 40 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.78% | — | +33.12% | |
| 41 | VFH | Vanguard Financials ETF | ETF-Other | 0.78% | — | -0.84% | |
| 42 | UBER | Uber Technologies INC | Stock-Industrials | 0.74% | +0.25% | +71.47% | |
| 43 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 0.73% | — | +1.82% | |
| 44 | PSX | Phillips 66 | Stock-Energy | 0.71% | +0.21% | — | |
| 45 | GBCI | Glacier Bancorp INC | Stock-Financials | 0.70% | — | -3.41% | |
| 46 | MDU | Mdu Resources Group INC | Stock-Utilities | 0.69% | — | -12.64% | |
| 47 | GEHC | GE Healthcare Technology | Stock-Healthcare | 0.67% | — | -0.08% | |
| 48 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.66% | — | — | |
| 49 | DELL | Dell Technologies -c | Stock-Tech | 0.66% | — | -14.84% | |
| 50 | SNOW | Snowflake INC | Stock-Tech | 0.64% | -0.30% | -1.28% |
Performance for Q3 2026
+2.6%
Performance Last 4 Quarters
+27.5%
Based on 77% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 159 | $181.7M | 18 | |
| 2025-12-31 | 154 | $182.7M | 15 | |
| 2025-09-30 | 145 | $174.7M | 29 | |
| 2025-06-30 | 147 | $159.6M | 0 | |
| 2025-03-31 | 137 | $138.2M | 0 | |
| 2024-12-31 | 131 | $141.0M | 0 | |
| 2024-09-30 | 135 | $144.3M | 0 | |
| 2024-06-30 | 136 | $137.9M | 0 | |
| 2024-03-31 | 138 | $136.3M | 0 | |
| 2023-12-31 | 143 | $127.2M | 0 | |
| 2023-09-30 | 134 | $114.2M | 0 | |
| 2023-06-30 | 136 | $115.1M | — | |
| 2023-03-31 | 139 | $111.3M | — | |
| 2022-12-31 | 132 | $100.5M | — | |
| 2022-09-30 | 125 | $92.4M | — | |
| 2022-06-30 | 131 | $100.1M | — | |
| 2022-03-31 | 148 | $123.5M | — | |
| 2021-12-31 | 146 | $124.7M | — |
Cladis Investment Advisory, LLC's most significant position changes for 2026-03-31: New buy: Kinross Gold CORP (KGC); New buy: Dimensional World Ex US Core (DFAX); Sold out: General Mills INC (GIS); New buy: Pan American Silver CORP (PAAS); Sold out: Kraft Heinz Co/the (KHC).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XOM | Exxon Mobil CORP | +0.6% | -1.57% | Trim |
| 2 | GEV | GE Vernova INC | +0.6% | -4.44% | Trim |
| 3 | GOOGL | Alphabet Inc-cl A | +0.5% | +303.36% | Add |
| 4 | ORCL | Oracle CORP | +0.3% | +94.40% | Add |
| 5 | XLE | Ss Energy Select Sector | +0.3% | -4.11% | Trim |
| 6 | COIN | Coinbase Global INC -class A | +0.3% | +207.87% | Add |
| 7 | UBER | Uber Technologies INC | +0.3% | +71.47% | Add |
| 8 | VZ | Verizon Communications INC | +0.2% | -2.84% | Trim |
| 9 | NFLX | Netflix INC | +0.2% | +31.64% | Add |
| 10 | VRT | Vertiv Holdings Co-a | +0.2% | -18.91% | Trim |
| 11 | PSX | Phillips 66 | +0.2% | — | Unchanged |
| 12 | COST | Costco Wholesale CORP | +0.2% | -1.99% | Trim |
| 13 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | — | Unchanged |
| 14 | NOW | Servicenow INC | +0.2% | +273.44% | Add |
| 15 | VLO | Valero Energy CORP | +0.2% | — | Unchanged |
| 16 | CAT | Caterpillar INC | +0.2% | -11.15% | Trim |
| 17 | T | At&t INC | +0.2% | -4.49% | Trim |
| 18 | KNF | Knife River CORP | +0.1% | -0.46% | Trim |
| 19 | MPC | Marathon Petroleum CORP | +0.1% | — | Unchanged |
| 20 | COP | Conocophillips | +0.1% | +0.02% | Add |
| 21 | JPM | Jpmorgan Chase & Co | -0.1% | -1.37% | Trim |
| 22 | BX | Blackstone INC | -0.1% | +7.14% | Add |
| 23 | RDDT | Reddit Inc-cl A | -0.1% | +8.77% | Add |
| 24 | DIS | Walt Disney Co/the | -0.1% | +0.82% | Add |
| 25 | WFC | Wells Fargo & Co | -0.1% | -7.86% | Trim |
| 26 | ONT | Onterris INC | -0.2% | -9.42% | Trim |
| 27 | UPS | United Parcel Service-cl B | -0.2% | -13.17% | Trim |
| 28 | QQQ | Invesco Qqq Trust Series 1 | -0.2% | -3.36% | Trim |
| 29 | CLF | Cleveland-cliffs INC | -0.3% | -1.53% | Trim |
| 30 | NVDA | Nvidia CORP | -0.3% | +0.33% | Add |
| 31 | AMZN | Amazon.com INC | -0.3% | -1.39% | Trim |
| 32 | XLK | Ss Technology Select Sector | -0.3% | -9.61% | Trim |
| 33 | SNOW | Snowflake INC | -0.3% | -1.28% | Trim |
| 34 | IBM | Intl Business Machines CORP | -0.3% | -0.45% | Trim |
| 35 | GE | General Electric | -0.3% | -4.82% | Trim |
| 36 | GOOG | Alphabet Inc-cl C | -0.6% | -52.34% | Trim |
| 37 | MSFT | Microsoft CORP | -0.6% | +2.48% | Add |
| 38 | LLY | Eli Lilly & Co | -0.6% | -10.96% | Trim |
| 39 | AAPL | Apple INC | -0.9% | -4.29% | Trim |
| 40 | KGC | Kinross Gold CORP | — | NEW | New buy |
| 41 | DFAX | Dimensional World Ex US Core | — | NEW | New buy |
| 42 | GIS | General Mills INC | — | EXIT | Sold out |
| 43 | PAAS | Pan American Silver CORP | — | NEW | New buy |
| 44 | KHC | Kraft Heinz Co/the | — | EXIT | Sold out |
| 45 | AMGN | Amgen INC | — | NEW | New buy |
| 46 | IREN | Iren LTD F | — | EXIT | Sold out |
| 47 | CRM | Salesforce INC | — | EXIT | Sold out |
| 48 | HXL | Hexcel CORP | — | EXIT | Sold out |
| 49 | CRWV | Coreweave Inc-cl A | — | NEW | New buy |
| 50 | ARKK | Ark Innovation ETF | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-13 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-13 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-11 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-13 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-10-09 | Amendment | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-10-09 | Amendment | View on EDGAR |
| 2024-03-31 | 2024-05-13 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-10-09 | Amendment | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2024-10-09 | Amendment | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2024-10-09 | Amendment | View on EDGAR |
| 2023-06-30 | 2023-08-11 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2024-10-09 | Amendment | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2024-10-09 | Amendment | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2024-10-09 | Amendment | View on EDGAR |
| 2022-09-30 | 2022-11-18 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2024-10-09 | Amendment | View on EDGAR |
| 2022-06-30 | 2022-08-09 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2024-10-09 | Amendment | View on EDGAR |
| 2022-03-31 | 2022-05-10 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2024-10-09 | Amendment | View on EDGAR |
| 2021-12-31 | 2024-10-01 | Amendment | View on EDGAR |
| 2021-12-31 | 2022-05-10 | 13F-HR | View on EDGAR |
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