Citadel Investment Advisory, Inc.

Q3 2025 13F-HR Holdings

Location
Chesterland, OH
Holdings as of
9/30/2025
Date filed
10/21/2025
Form type
13F-HR
Num holdings
82
Total value ($000)
$218,027
Net value change ($000)
+11,560 (5.6%)
New positions
0
Sold out positions
1
Turnover %
0.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/5/2025 Next filing: 1/21/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
GOOGL 3,087 35.2%
BRK-B 2,820 5.6%
GOOGL 1,704 33.1%
ORCL 1,450 28.7%
IPMLF 1,114 17.8%
ABBV 835 24.6%
JNJ 762 21.3%
RTX 609 14.6%
WRB 451 68.8%
WBD 424 70.2%
Top Reduces (Value $000, Stocks/ETFs)
CEDAR FAIR L P -1,780 -100.0%
MKL -1,171 -3.8%
PM -789 -10.9%
BKNG -264 -7.7%
DIS -223 -7.7%
IBM -217 -4.3%
BUD -201 -13.7%
MCO -193 -5.0%
KO -179 -6.3%
FISV -154 -25.2%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type