Cladis Investment Advisory, LLC

Q3 2025 13F-HR Holdings

Location
Billings, MT
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
145
Total value ($000)
$174,744
Net value change ($000)
+15,183 (9.5%)
New positions
11
Sold out positions
13
Turnover %
3.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/11/2025 Next filing: 2/13/2026 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)
AAPL 2,772 24.1%
NVDA 1,370 18.0%
QXO 1,267 560.6%
BYRN 840 NEW
UNH 778 104.6%
GE 650 14.3%
TSM 612 27.0%
WPM 559 NEW
GOOGL 483 37.3%
ISRG 467 NEW
Top Reduces (Value $000, Stocks/ETFs)
SNOW -1,012 -32.7%
MP -897 -70.9%
TEM -262 -52.8%
DIS -217 -9.8%
CPRX -217 -100.0%
VVV -208 -100.0%
CHTR -206 -100.0%
Unilever PLC -202 -100.0%
KHC -185 -33.5%
IBM -166 -4.7%
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