Cladis Investment Advisory, LLC

Q4 2025 13F-HR Holdings

Location
Billings, MT
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
154
Total value ($000)
$182,684
Net value change ($000)
+7,940 (4.5%)
New positions
16
Sold out positions
7
Turnover %
4.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
LLY 1,445 40.6%
ORCL 1,281 NEW
AAPL 932 6.5%
UBER 897 NEW
RDDT 655 NEW
ISRG 612 131.0%
SBUX 579 136.2%
QXO 578 38.7%
NKE 576 54.8%
COST 404 16.7%
Top Reduces (Value $000, Stocks/ETFs)
DELL -836 -43.6%
WPM -559 -100.0%
BMY -485 -36.9%
BABA -393 -100.0%
SNOW -364 -17.5%
MSFT -351 -6.1%
HON -323 -34.2%
FNV -312 -100.0%
T -310 -12.0%
CLF -286 -18.0%
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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type