Cladis Investment Advisory, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Cladis Investment Advisory, LLC reported 173 stock positions worth $214.0 million. Its top holding was Apple (AAPL) at 7.2% of the portfolio, followed by Nvidia (NVDA, 4.4%) and GE Vernova (GEV, 2.6%). Compared with Q1 2026, it opened 16 new positions, sold out of 4, added to 51 and reduced 43. The biggest buy was Alphabet Class C (GOOG, shares +100%) and the biggest sale Exxon Mobil (XOM, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- BILLINGS, MT
- CIK
- 0001911520
- Portfolio Value
- $214.0M (Q2 2026)
- SEC Filing
- 0001911520-26-000003 ↗ filed Aug 13, 2026
Holdings Value
Holdings 173 stocks · $214.0M
| AAPL Apple Inc. | 7.16% | 52,922 | $15.3M | Reduce -1.1% |
| NVDA Nvidia Corp. | 4.42% | 47,218 | $9.4M | Reduce -1.7% |
| GEV GE Vernova Inc. | 2.65% | 4,825 | $5.7M | Add +0.1% |
| GE General Electric filed as GE AEROSPACE | 2.61% | 14,927 | $5.6M | Reduce -2.6% |
| AMZN Amazon.com Inc. | 2.38% | 21,335 | $5.1M | Add +0.3% |
| LLY Eli Lilly & Co. | 2.32% | 4,143 | $5.0M | Add +0.0% |
| TSM Taiwan Semiconductor-SP ADR | 2.30% | 10,300 | $4.9M | No change |
| MSFT Microsoft Corp. | 2.08% | 11,911 | $4.4M | Add +4.7% |
| QQQ Invesco QQQ Trust Series 1 | 2.06% | 5,980 | $4.4M | Add +3.8% |
| CAT Caterpillar Inc. | 1.96% | 3,938 | $4.2M | Reduce -7.7% |
| XLK SS Technology Select Sector | 1.92% | 21,616 | $4.1M | Add +1.9% |
| AMD Advanced Micro Devices | 1.92% | 7,055 | $4.1M | Reduce -12.5% |
| FIBK First Interstate Bancsys-A | 1.51% | 83,865 | $3.2M | Reduce -1.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.46% | 11,121 | $3.1M | Reduce -0.5% |
| COST Costco Wholesale Corp. | 1.40% | 3,198 | $3.0M | Reduce -0.3% |
| XOM Exxon Mobil Corp. | 1.35% | 21,199 | $2.9M | Reduce -0.5% |
| ORCL Oracle Corp. | 1.23% | 17,897 | $2.6M | Add +40.0% |
| VRT Vertiv Holdings Co. Class A | 1.19% | 7,635 | $2.6M | Reduce -1.9% |
| INTC Intel Corp. | 1.16% | 17,705 | $2.5M | Reduce -27.1% |
| JPM JPMorgan Chase & Co. | 1.10% | 7,203 | $2.4M | No change |
| DELL Dell Technologies -C | 1.04% | 5,145 | $2.2M | Reduce -29.7% |
| NEE Nextera Energy Inc. | 1.00% | 24,500 | $2.2M | Add +4.3% |
| VZ Verizon Communications Inc. | 0.99% | 50,042 | $2.1M | Reduce -2.1% |
| XLE SS Energy Select Sector | 0.99% | 39,795 | $2.1M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 0.98% | 5,961 | $2.1M | Add +100.0% |
| QXO Qxo Inc. | 0.98% | 120,965 | $2.1M | Add +16.8% |
| ECG Everus Construction Group | 0.97% | 12,543 | $2.1M | No change |
| UBER Uber Technologies Inc. | 0.95% | 28,286 | $2.0M | Add +50.3% |
| SNOW Snowflake Inc. | 0.95% | 7,967 | $2.0M | Add +2.9% |
| UPS United Parcel Service Class B | 0.92% | 18,271 | $2.0M | Reduce -6.6% |
| XLF SS Financial Select Sector | 0.90% | 35,877 | $1.9M | Add +5.4% |
| UNH Unitedhealth Group Inc. | 0.89% | 4,599 | $1.9M | Reduce -12.7% |
| MRK Merck & Co. Inc. | 0.85% | 14,225 | $1.8M | Add +0.7% |
| T AT&T Inc. | 0.84% | 86,465 | $1.8M | Reduce -0.7% |
| KNF Knife River Corp. | 0.83% | 21,267 | $1.8M | Reduce -2.3% |
| MU Micron Technology Inc. | 0.82% | 1,524 | $1.8M | Reduce -5.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.81% | 2,314 | $1.7M | Add +25.3% |
| FTAI Ftai Aviation Ltd. | 0.76% | 6,000 | $1.6M | Reduce -7.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.76% | 35,754 | $1.6M | Add +4.0% |
| F Ford Motor Co. filed as FORD MTR CO | 0.74% | 114,315 | $1.6M | Reduce -8.2% |
| NKE Nike Inc. Class B | 0.74% | 38,637 | $1.6M | Add +30.5% |
| META Meta Platforms Inc. Class A | 0.74% | 2,815 | $1.6M | Add +5.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.73% | 16,139 | $1.6M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.72% | 3,098 | $1.6M | Reduce -1.6% |
| VFH Vanguard Financials ETF | 0.72% | 11,755 | $1.5M | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.71% | 1,993 | $1.5M | No change |
| PFE Pfizer Inc. | 0.69% | 61,551 | $1.5M | Reduce -0.8% |
| GBCI Glacier Bancorp Inc. | 0.68% | 28,298 | $1.5M | No change |
| ARTY iShares Future AI & Tech ETF | 0.66% | 18,535 | $1.4M | Reduce -6.4% |
| NFLX Netflix Inc. | 0.65% | 19,585 | $1.4M | Add +17.5% |
| WMT Walmart Inc. | 0.65% | 12,211 | $1.4M | Reduce -0.4% |
| XLC SS Comm Select Sector SPDR | 0.64% | 12,817 | $1.4M | Add +6.9% |
| PANW Palo Alto Networks Inc. | 0.62% | 3,870 | $1.3M | Add +6.9% |
| XLV SS Health Care Select Sector | 0.58% | 7,805 | $1.2M | Add +4.6% |
| KRE SS SPDR S&P Regional Bank | 0.56% | 16,100 | $1.2M | Add +0.3% |
| SBUX Starbucks Corp. | 0.56% | 11,780 | $1.2M | Reduce -0.4% |
| PSX Phillips 66 | 0.56% | 7,079 | $1.2M | Add +0.0% |
| ONT Onterris Inc. | 0.54% | 56,800 | $1.1M | Add +7.4% |
| GEHC GE Healthcare Technology | 0.53% | 17,623 | $1.1M | Add +2.6% |
| DFAS Dimensional US Small Cap ETF | 0.51% | 13,180 | $1.1M | Add +10.3% |
| HD Home Depot Inc. | 0.50% | 3,041 | $1.1M | No change |
| GS Goldman Sachs Group Inc. | 0.49% | 1,030 | $1.0M | Reduce -8.8% |
| IBB iShares Biotechnology ETF | 0.46% | 5,175 | $984K | Reduce -1.9% |
| WFC Wells Fargo & Co. | 0.45% | 11,728 | $969K | Add +0.0% |
| FDX FedEx Corp. | 0.44% | 3,000 | $939K | No change |
| JNJ Johnson & Johnson | 0.43% | 3,650 | $927K | No change |
| COIN Coinbase Global Inc. Class A | 0.43% | 6,340 | $927K | Add +15.7% |
| PM Philip Morris International | 0.42% | 5,009 | $906K | Add +126.8% |
| TXN Texas Instruments Inc. | 0.42% | 3,000 | $894K | No change |
| BX Blackstone Inc. | 0.41% | 7,500 | $883K | No change |
| BA The Boeing Co. | 0.41% | 4,075 | $882K | No change |
| BMY Bristol-Myers Squibb Co. | 0.41% | 15,300 | $882K | No change |
| VLO Valero Energy Corp. | 0.41% | 3,334 | $868K | Reduce -2.9% |
| CPK Chesapeake Utilities Corp. | 0.40% | 7,000 | $857K | Reduce -12.5% |
| ISRG Intuitive Surgical Inc. | 0.39% | 2,120 | $843K | Add +11.3% |
| C Citigroup Inc. | 0.39% | 5,911 | $827K | No change |
| CLF Cleveland-Cliffs Inc. | 0.38% | 87,350 | $820K | Reduce -9.6% |
| NOW ServiceNow Inc. | 0.37% | 7,925 | $787K | Add +39.2% |
| MO Altria Group Inc. | 0.37% | 10,914 | $785K | Add +10.1% |
| MDU Mdu Resources Group Inc. | 0.36% | 36,730 | $779K | Reduce -39.0% |
| BAC Bank of America Corp. | 0.35% | 13,330 | $760K | Reduce -0.4% |
| Q Qnity Electronics Inc. | 0.35% | 4,566 | $746K | Add +11.3% |
| PEP Pepsico Inc. | 0.33% | 5,280 | $715K | No change |
| CMI Cummins Inc. | 0.33% | 1,000 | $713K | No change |
| CVX Chevron Corp. | 0.33% | 4,302 | $713K | Reduce -0.4% |
| ARM Arm Holdings PLC-ADR | 0.33% | 2,000 | $709K | No change |
| BYRN Byrna Technologies Inc. | 0.32% | 103,500 | $694K | Add +62.0% |
| KO The Coca-Cola Co. | 0.32% | 8,520 | $692K | Add +0.0% |
| MPC Marathon Petroleum Corp. | 0.32% | 2,674 | $684K | No change |
| PG The Procter & Gamble Co. | 0.31% | 4,574 | $671K | No change |
| XLI SS Industrial Select Sector | 0.31% | 3,613 | $669K | Add +9.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.31% | 7,590 | $654K | No change |
| CSCO Cisco Systems Inc. | 0.29% | 5,289 | $621K | Add +0.0% |
| VNQ Vanguard Real Estate ETF | 0.29% | 6,390 | $616K | No change |
| DFUS Dimensional US Eq MKT ETF | 0.27% | 7,167 | $587K | Reduce -5.0% |
| MMM 3M Co. | 0.27% | 3,550 | $575K | No change |
| COP Conocophillips | 0.27% | 5,518 | $574K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.26% | 2,600 | $567K | No change |
| MCD McDonald's Corp. | 0.26% | 2,088 | $564K | Reduce -4.6% |
| TGT Target Corp. | 0.26% | 4,263 | $557K | Add +0.0% |
Portfolio Sells Q1 2026 → Q2 2026
| XOM Exxon Mobil Corp. | Reduce -0.5% | 1.35% | −0.63 |
| T AT&T Inc. | Reduce -0.7% | 0.84% | −0.55 |
| GOOGL Alphabet Inc. Class A | Reduce -76.5% | 0.16% | −0.47 |
| VZ Verizon Communications Inc. | Reduce -2.1% | 0.99% | −0.42 |
| XLE SS Energy Select Sector | Reduce -0.6% | 0.99% | −0.36 |
| COST Costco Wholesale Corp. | Reduce -0.3% | 1.40% | −0.36 |
| MDU Mdu Resources Group Inc. | Reduce -39.0% | 0.36% | −0.32 |
| AAPL Apple Inc. | Reduce -1.1% | 7.16% | −0.32 |
| PFE Pfizer Inc. | Reduce -0.8% | 0.69% | −0.27 |
| NVDA Nvidia Corp. | Reduce -1.7% | 4.42% | −0.19 |
| WMT Walmart Inc. | Reduce -0.4% | 0.65% | −0.19 |
| CVX Chevron Corp. | Reduce -0.4% | 0.33% | −0.16 |
| CPK Chesapeake Utilities Corp. | Reduce -12.5% | 0.40% | −0.16 |
| PAAS Pan American Silver Corp. | Sold out | 0.00% | −0.15 |
| KNF Knife River Corp. | Reduce -2.3% | 0.83% | −0.15 |
| UPS United Parcel Service Class B | Reduce -6.6% | 0.92% | −0.14 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.13 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.12 |
| FTAI Ftai Aviation Ltd. | Reduce -7.7% | 0.76% | −0.12 |
| CALM Cal-Maine Foods Inc. | Reduce -21.7% | 0.24% | −0.12 |
| MCD McDonald's Corp. | Reduce -4.6% | 0.26% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.6% | 0.72% | −0.11 |
| HL Hecla Mining Co. | Sold out | 0.00% | −0.10 |
| NEM Newmont Corp. | Reduce -1.8% | 0.24% | −0.09 |
| XOP SS SPDR S&P Og Exp & Prod | Reduce -3.2% | 0.19% | −0.08 |
| CLF Cleveland-Cliffs Inc. | Reduce -9.6% | 0.38% | −0.07 |
| LUV Southwest Airlines Co. | Reduce -44.4% | 0.12% | −0.07 |
| VLO Valero Energy Corp. | Reduce -2.9% | 0.41% | −0.06 |
| FIBK First Interstate Bancsys-A | Reduce -1.3% | 1.51% | −0.05 |
| F Ford Motor Co. | Reduce -8.2% | 0.74% | −0.05 |
| GS Goldman Sachs Group Inc. | Reduce -8.8% | 0.49% | −0.04 |
| MDLZ Mondelez International Inc. Class A | Reduce -9.6% | 0.13% | −0.04 |
| IBB iShares Biotechnology ETF | Reduce -1.9% | 0.46% | −0.03 |
| IBM Intl Business Machines Corp. | Reduce -0.5% | 1.46% | −0.03 |
| SBUX Starbucks Corp. | Reduce -0.4% | 0.56% | −0.02 |
| DFUS Dimensional US Eq MKT ETF | Reduce -5.0% | 0.27% | −0.02 |
| BAC Bank of America Corp. | Reduce -0.4% | 0.35% | −0.00 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -12.3% | 0.11% | −0.00 |
| UNH Unitedhealth Group Inc. | Reduce -12.7% | 0.89% | +0.11 |
| VRT Vertiv Holdings Co. Class A | Reduce -1.9% | 1.19% | +0.12 |
| ARTY iShares Future AI & Tech ETF | Reduce -6.4% | 0.66% | +0.15 |
| GE General Electric | Reduce -2.6% | 2.61% | +0.21 |
| CAT Caterpillar Inc. | Reduce -7.7% | 1.96% | +0.30 |
| DELL Dell Technologies -C | Reduce -29.7% | 1.04% | +0.38 |
| MU Micron Technology Inc. | Reduce -5.9% | 0.82% | +0.52 |
| INTC Intel Corp. | Reduce -27.1% | 1.16% | +0.57 |
| AMD Advanced Micro Devices | Reduce -12.5% | 1.92% | +1.01 |
Portfolio Buys Q1 2026 → Q2 2026
| GOOG Alphabet Inc. Class C | Add +100.0% | 0.98% | +0.51 |
| XLK SS Technology Select Sector | Add +1.9% | 1.92% | +0.37 |
| GEV GE Vernova Inc. | Add +0.1% | 2.65% | +0.33 |
| SNOW Snowflake Inc. | Add +2.9% | 0.95% | +0.31 |
| PANW Palo Alto Networks Inc. | Add +6.9% | 0.62% | +0.30 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.8% | 2.06% | +0.23 |
| LLY Eli Lilly & Co. | Add +0.0% | 2.32% | +0.23 |
| PM Philip Morris International | Add +126.8% | 0.42% | +0.22 |
| UBER Uber Technologies Inc. | Add +50.3% | 0.95% | +0.21 |
| IREN Iren Ltd. | New | 0.20% | +0.20 |
| ORCL Oracle Corp. | Add +40.0% | 1.23% | +0.19 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +25.3% | 0.81% | +0.15 |
| SOXX iShares Semiconductor ETF | New | 0.15% | +0.15 |
| JBND JPMorgan Active Bond ETF | New | 0.13% | +0.13 |
| JEPI JPMorgan Equity Premium Inco | New | 0.12% | +0.12 |
| GIS General Mills Inc. | New | 0.12% | +0.12 |
| BIIB Biogen Inc. | New | 0.10% | +0.10 |
| DFAI Dimensional International Co. | New | 0.10% | +0.10 |
| MHK Mohawk Industries Inc. | New | 0.10% | +0.10 |
| DFUV Dimensional US Marketwide Va | New | 0.10% | +0.10 |
| CRWV Coreweave Inc. Class A | Add +68.6% | 0.22% | +0.10 |
| SCHF Schwab Intl Equity ETF | New | 0.10% | +0.10 |
| MRVL Marvell Technology Inc. | New | 0.10% | +0.10 |
| XPO Xpo Inc. | New | 0.10% | +0.10 |
| ARKK ARK Innovation ETF | New | 0.10% | +0.10 |
| USB US Bancorp | New | 0.10% | +0.10 |
| HOOD Robinhood Markets Inc. Class A | New | 0.09% | +0.09 |
| Q Qnity Electronics Inc. | Add +11.3% | 0.35% | +0.09 |
| CSCO Cisco Systems Inc. | Add +0.0% | 0.29% | +0.06 |
| V Visa Inc. Class A | Add +28.2% | 0.23% | +0.04 |
| NOW ServiceNow Inc. | Add +39.2% | 0.37% | +0.04 |
| CVS CVS Health Corp. | Add +0.0% | 0.22% | +0.04 |
| DFAS Dimensional US Small Cap ETF | Add +10.3% | 0.51% | +0.04 |
| AEM Agnico Eagle Mines Ltd. | Add +100.0% | 0.14% | +0.03 |
| HAL Halliburton Co. | Add +51.4% | 0.17% | +0.02 |
| XLI SS Industrial Select Sector | Add +9.0% | 0.31% | +0.02 |
| BTG B2GOLD Corp. | New | 0.02% | +0.02 |
| ENB Enbridge Inc. | Add +35.0% | 0.13% | +0.02 |
| MO Altria Group Inc. | Add +10.1% | 0.37% | +0.01 |
| LULU Lululemon Athletica Inc. | Add +66.7% | 0.13% | +0.01 |
| BYRN Byrna Technologies Inc. | Add +62.0% | 0.32% | +0.00 |
| ABBV Abbvie Inc. | Add +1.0% | 0.18% | −0.00 |
| VRTX Vertex Pharmaceuticals Inc. | Add +3.1% | 0.13% | −0.00 |
| KRE SS SPDR S&P Regional Bank | Add +0.3% | 0.56% | −0.01 |
| MA Mastercard Inc. Class A | Add +0.2% | 0.10% | −0.01 |
| XLV SS Health Care Select Sector | Add +4.6% | 0.58% | −0.02 |
| TGT Target Corp. | Add +0.0% | 0.26% | −0.02 |
| XLF SS Financial Select Sector | Add +5.4% | 0.90% | −0.03 |
| KO The Coca-Cola Co. | Add +0.0% | 0.32% | −0.03 |
| AMZN Amazon.com Inc. | Add +0.3% | 2.38% | −0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 173 | $214.0M | AAPL, NVDA, GEV, GE, AMZN |
| Q1 2026 | 159 | $181.7M | AAPL, NVDA, AMZN, GE, MSFT |
| Q4 2025 | 154 | $182.7M | AAPL, NVDA, MSFT, LLY, AMZN |
| Q3 2025 | 145 | $174.7M | AAPL, NVDA, MSFT, GE, AMZN |
| Q2 2025 | 147 | $159.6M | AAPL, NVDA, MSFT, AMZN, GE |
| Q1 2025 | 137 | $138.2M | AAPL, NVDA, AMZN, MSFT, LLY |
| Q4 2024 | 131 | $141.0M | AAPL, NVDA, AMZN, MSFT, LLY |
| Q3 2024 | 135 | $144.3M | AAPL, NVDA, MSFT, LLY, AMZN |
| Q2 2024Amended | 136 | $137.9M | AAPL, NVDA, LLY, MSFT, AMZN |
| Q1 2024Amended | 138 | $136.3M | AAPL, MSFT, LLY, AMZN, NVDA |