Cladis Investment Advisory, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed October 9, 2024), Cladis Investment Advisory, LLC reported 138 stock positions worth $136.3 million. Its top holding was Apple (AAPL) at 8.3% of the portfolio, followed by Microsoft (MSFT, 3.4%) and Eli Lilly (LLY, 3.3%). Compared with Q4 2023, it opened 10 new positions, sold out of 15, added to 31 and reduced 51. The biggest buy was a new position in Goldman Sachs (GS) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BILLINGS, MT
- CIK
- 0001911520
- Portfolio Value
- $136.3M (Q1 2024)
- SEC Filing
- 0001911520-24-000014 ↗ filed Oct 9, 2024
Holdings Value
Holdings 138 stocks · $136.3M
| AAPL Apple Inc. | 8.29% | 65,866 | $11.3M | Reduce -0.7% |
| MSFT Microsoft Corp. | 3.43% | 11,103 | $4.7M | Reduce -10.6% |
| LLY Eli Lilly & Co. | 3.34% | 5,844 | $4.5M | Reduce -14.8% |
| AMZN Amazon.com Inc. | 3.28% | 24,785 | $4.5M | Reduce -5.0% |
| NVDA Nvidia Corp. | 3.04% | 4,578 | $4.1M | Reduce -11.0% |
| GE General Electric | 2.78% | 21,572 | $3.8M | Reduce -0.2% |
| FIBK First Interstate Bancsys-A | 2.06% | 103,078 | $2.8M | Reduce -4.9% |
| VZ Verizon Communications Inc. | 2.03% | 65,944 | $2.8M | Reduce -10.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.94% | 13,855 | $2.6M | Reduce -2.6% |
| QQQ Invesco QQQ Trust Series 1 | 1.79% | 5,502 | $2.4M | Add +12.9% |
| XLK SS Technology Select Sector | 1.53% | 10,016 | $2.1M | Add +3.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.50% | 16,664 | $2.0M | Reduce -32.1% |
| MDU Mdu Resources Group Inc. | 1.46% | 79,056 | $2.0M | Reduce -5.5% |
| CAT Caterpillar Inc. | 1.43% | 5,314 | $1.9M | Add +1.8% |
| XOM Exxon Mobil Corp. | 1.43% | 16,733 | $1.9M | Reduce -6.8% |
| KNF Knife River Corp. | 1.42% | 23,859 | $1.9M | Add +1.3% |
| META Meta Platforms Inc. Class A | 1.36% | 3,815 | $1.9M | Reduce -10.4% |
| T AT&T Inc. | 1.31% | 101,627 | $1.8M | Reduce -11.3% |
| F Ford Motor Co. filed as FORD MTR CO DEL | 1.24% | 127,568 | $1.7M | Reduce -4.1% |
| COST Costco Wholesale Corp. | 1.21% | 2,256 | $1.7M | No change |
| NEE Nextera Energy Inc. | 1.19% | 25,300 | $1.6M | No change |
| BMY Bristol-Myers Squibb Co. | 1.16% | 29,153 | $1.6M | Add +1.2% |
| CVS CVS Health Corp. | 1.14% | 19,395 | $1.5M | Reduce -0.9% |
| PFE Pfizer Inc. | 1.13% | 55,608 | $1.5M | Add +16.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.10% | 3,558 | $1.5M | No change |
| JPM JPMorgan Chase & Co. | 1.06% | 7,189 | $1.4M | No change |
| MRK Merck & Co. Inc. | 1.04% | 10,776 | $1.4M | No change |
| CLF Cleveland-Cliffs Inc. | 1.04% | 62,450 | $1.4M | Reduce -2.4% |
| VFH Vanguard Financials ETF | 1.04% | 13,839 | $1.4M | Reduce -1.0% |
| AMD Advanced Micro Devices | 1.01% | 7,646 | $1.4M | Add +2.7% |
| TSM Taiwan Semiconductor-SP ADR | 1.00% | 10,000 | $1.4M | No change |
| KHC The Kraft Heinz Co. | 0.99% | 36,429 | $1.3M | Reduce -0.9% |
| GBCI Glacier Bancorp Inc. | 0.97% | 32,975 | $1.3M | Reduce -14.6% |
| GEHC GE Healthcare Technology | 0.96% | 14,414 | $1.3M | Reduce -1.0% |
| XLF SS Financial Select Sector | 0.96% | 30,906 | $1.3M | Add +3.4% |
| XLE SS Energy Select Sector | 0.94% | 13,545 | $1.3M | Add +12.9% |
| UNH Unitedhealth Group Inc. | 0.91% | 2,514 | $1.2M | Reduce -4.7% |
| HD Home Depot Inc. | 0.83% | 2,959 | $1.1M | Add +0.6% |
| GOOG Alphabet Inc. Class C | 0.83% | 7,405 | $1.1M | Add +32.7% |
| PSX Phillips 66 | 0.82% | 6,882 | $1.1M | Reduce -1.3% |
| SNOW Snowflake Inc. | 0.80% | 6,751 | $1.1M | Reduce -9.9% |
| MP MP Materials Corp. | 0.76% | 72,740 | $1.0M | Add +60.8% |
| UPS United Parcel Service Class B | 0.75% | 6,892 | $1.0M | Add +69.5% |
| XLC SS Comm Select Sector SPDR | 0.73% | 12,115 | $989K | No change |
| BX Blackstone Inc. | 0.67% | 7,000 | $920K | No change |
| HON Honeywell International Inc. | 0.67% | 4,420 | $907K | Reduce -18.1% |
| PEP Pepsico Inc. | 0.64% | 5,000 | $875K | No change |
| FDX FedEx Corp. | 0.64% | 3,000 | $869K | No change |
| CPK Chesapeake Utilities Corp. | 0.63% | 8,000 | $858K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.61% | 12,583 | $826K | Add +10.9% |
| WMT Walmart Inc. | 0.60% | 13,642 | $821K | Reduce -6.0% |
| ARKK ARK Innovation ETF | 0.60% | 16,281 | $815K | Reduce -12.1% |
| WFC Wells Fargo & Co. | 0.59% | 13,823 | $801K | Add +0.0% |
| PYPL PayPal Holdings Inc. | 0.57% | 11,675 | $782K | Add +94.6% |
| PG The Procter & Gamble Co. | 0.57% | 4,770 | $774K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.57% | 1,474 | $771K | No change |
| BABA Alibaba Group Holding-SP ADR | 0.55% | 10,375 | $751K | Add +8.4% |
| TGT Target Corp. | 0.54% | 4,114 | $729K | No change |
| TXN Texas Instruments Inc. | 0.51% | 4,000 | $697K | No change |
| XLV SS Health Care Select Sector | 0.50% | 4,610 | $681K | Add +15.7% |
| KO The Coca-Cola Co. | 0.50% | 11,110 | $680K | Reduce -1.8% |
| COP Conocophillips | 0.49% | 5,289 | $673K | Reduce -3.3% |
| FTAI Ftai Aviation Ltd. | 0.49% | 10,000 | $673K | No change |
| DFAS Dimensional US Small Cap ETF | 0.49% | 10,632 | $663K | No change |
| JNJ Johnson & Johnson | 0.48% | 4,163 | $659K | Reduce -10.1% |
| CVX Chevron Corp. | 0.47% | 4,031 | $636K | Add +6.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.46% | 16,620 | $630K | Reduce -1.2% |
| DE Deere & Co. | 0.46% | 1,520 | $625K | Add +98.7% |
| VLO Valero Energy Corp. | 0.46% | 3,638 | $621K | Reduce -2.7% |
| INTC Intel Corp. | 0.43% | 13,304 | $588K | Reduce -8.6% |
| GIS General Mills Inc. | 0.42% | 8,273 | $579K | No change |
| MCD McDonald's Corp. | 0.41% | 1,965 | $554K | No change |
| GS Goldman Sachs Group Inc. | 0.40% | 1,305 | $545K | New |
| MMM 3M Co. | 0.40% | 5,107 | $542K | Add +18.1% |
| MPC Marathon Petroleum Corp. | 0.40% | 2,674 | $539K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.37% | 3,128 | $509K | Reduce -6.7% |
| DFUS Dimensional US Eq MKT ETF | 0.37% | 8,875 | $506K | No change |
| BA The Boeing Co. | 0.37% | 2,610 | $504K | Reduce -67.9% |
| SMH Vaneck Semiconductor ETF | 0.37% | 2,214 | $498K | No change |
| PANW Palo Alto Networks Inc. | 0.36% | 1,745 | $496K | New |
| NKE Nike Inc. Class B | 0.36% | 5,167 | $486K | New |
| ARM Arm Holdings PLC-ADR | 0.33% | 3,650 | $456K | Reduce -46.3% |
| IP International Paper Co. | 0.33% | 11,634 | $454K | Reduce -6.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.33% | 1,315 | $453K | Add +1.5% |
| MO Altria Group Inc. | 0.33% | 10,325 | $450K | No change |
| WTW Willis Towers Watson PLC | 0.30% | 1,510 | $415K | No change |
| STZ Constellation Brands Inc. Class A | 0.30% | 1,525 | $415K | Add +0.7% |
| C Citigroup Inc. | 0.30% | 6,511 | $412K | No change |
| NFLX Netflix Inc. | 0.30% | 675 | $410K | No change |
| IBB iShares Biotechnology ETF | 0.29% | 2,920 | $401K | New |
| PXD Pioneer Natural Resources Co. | 0.28% | 1,476 | $387K | No change |
| NOW ServiceNow Inc. | 0.28% | 505 | $385K | No change |
| XOP SS SPDR S&P Og Exp & Prod | 0.28% | 2,474 | $383K | No change |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.27% | 9,500 | $372K | Add +18.8% |
| SO The Southern Co. | 0.27% | 5,160 | $370K | No change |
| NEM Newmont Corp. | 0.27% | 10,100 | $362K | New |
| DOW Dow Inc. | 0.26% | 6,032 | $349K | Reduce -1.6% |
| DD Dupont DE Nemours Inc. | 0.25% | 4,446 | $341K | Reduce -3.6% |
| CMCSA Comcast Corp. Class A | 0.25% | 7,850 | $340K | No change |
| GM General Motors Co. | 0.25% | 7,498 | $340K | Add +4.2% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -0.7% | 8.29% | −1.74 |
| BA The Boeing Co. | Reduce -67.9% | 0.37% | −1.30 |
| FIBK First Interstate Bancsys-A | Reduce -4.9% | 2.06% | −0.56 |
| BGS B&G Foods Inc. | Sold out | 0.00% | −0.50 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.47 |
| DADA Dada Nexus Ltd.-ADR | Reduce -39.2% | 0.22% | −0.40 |
| SNOW Snowflake Inc. | Reduce -9.9% | 0.80% | −0.37 |
| GBCI Glacier Bancorp Inc. | Reduce -14.6% | 0.97% | −0.28 |
| DIS The Walt Disney Co. | Reduce -32.1% | 1.50% | −0.25 |
| HON Honeywell International Inc. | Reduce -18.1% | 0.67% | −0.22 |
| T AT&T Inc. | Reduce -11.3% | 1.31% | −0.20 |
| LCID Lucid Group Inc. | Sold out | 0.00% | −0.19 |
| UNH Unitedhealth Group Inc. | Reduce -4.7% | 0.91% | −0.18 |
| ARKK ARK Innovation ETF | Reduce -12.1% | 0.60% | −0.16 |
| RIVN Rivian Automotive Inc. Class A | Sold out | 0.00% | −0.16 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.16 |
| VZ Verizon Communications Inc. | Reduce -10.6% | 2.03% | −0.15 |
| INTC Intel Corp. | Reduce -8.6% | 0.43% | −0.14 |
| CPRX Catalyst Pharmaceuticals Inc. | Sold out | 0.00% | −0.13 |
| AXDXQ Accelerate Diagnostics Inc. | Sold out | 0.00% | −0.10 |
| PGX Invesco Preferred ETF | Sold out | 0.00% | −0.09 |
| RVTY Revvity Inc. | Reduce -29.3% | 0.15% | −0.09 |
| JNJ Johnson & Johnson | Reduce -10.1% | 0.48% | −0.09 |
| PARAA Paramount Global Class B | Reduce -9.6% | 0.17% | −0.08 |
| KHC The Kraft Heinz Co. | Reduce -0.9% | 0.99% | −0.08 |
| HUCK Huckleberry AI Inc. | Sold out | 0.00% | −0.08 |
| CVS CVS Health Corp. | Reduce -0.9% | 1.14% | −0.08 |
| ARM Arm Holdings PLC-ADR | Reduce -46.3% | 0.33% | −0.07 |
| UL Unilever PLC | Reduce -18.8% | 0.24% | −0.07 |
| SPG Simon Property Group Inc. | Reduce -23.8% | 0.18% | −0.05 |
| SILV Silvercrest Metals Inc. | Sold out | 0.00% | −0.05 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Sold out | 0.00% | −0.04 |
| F Ford Motor Co. | Reduce -4.1% | 1.24% | −0.03 |
| FIP Ftai Infrastructure Inc. | Sold out | 0.00% | −0.03 |
| DD Dupont DE Nemours Inc. | Reduce -3.6% | 0.25% | −0.03 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.03 |
| SWKS Skyworks Solutions Inc. | Reduce -4.4% | 0.16% | −0.03 |
| KO The Coca-Cola Co. | Reduce -1.8% | 0.50% | −0.03 |
| FNMA Fannie Mae | Sold out | 0.00% | −0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -6.7% | 0.37% | −0.02 |
| IP International Paper Co. | Reduce -6.2% | 0.33% | −0.02 |
| PM Philip Morris International | Reduce -0.9% | 0.15% | −0.02 |
| DAL Delta Air Lines Inc. | Reduce -15.7% | 0.15% | −0.01 |
| OXY Occidental Petroleum Corp. | Reduce -7.8% | 0.15% | −0.01 |
| DOW Dow Inc. | Reduce -1.6% | 0.26% | −0.01 |
| COP Conocophillips | Reduce -3.3% | 0.49% | −0.01 |
| SLB SLB Ltd. | Reduce -1.0% | 0.18% | −0.00 |
| MU Micron Technology Inc. | Reduce -24.5% | 0.17% | −0.00 |
| ASM Avino Silver & Gold Mines | Sold out | 0.00% | −0.00 |
| WMT Walmart Inc. | Reduce -6.0% | 0.60% | +0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| GS Goldman Sachs Group Inc. | New | 0.40% | +0.40 |
| PANW Palo Alto Networks Inc. | New | 0.36% | +0.36 |
| NKE Nike Inc. Class B | New | 0.36% | +0.36 |
| IBB iShares Biotechnology ETF | New | 0.29% | +0.29 |
| PYPL PayPal Holdings Inc. | Add +94.6% | 0.57% | +0.28 |
| NEM Newmont Corp. | New | 0.27% | +0.27 |
| UPS United Parcel Service Class B | Add +69.5% | 0.75% | +0.25 |
| QQQ Invesco QQQ Trust Series 1 | Add +12.9% | 1.79% | +0.22 |
| DE Deere & Co. | Add +98.7% | 0.46% | +0.22 |
| CAT Caterpillar Inc. | Add +1.8% | 1.43% | +0.22 |
| GOOG Alphabet Inc. Class C | Add +32.7% | 0.83% | +0.21 |
| KNF Knife River Corp. | Add +1.3% | 1.42% | +0.19 |
| V Visa Inc. Class A | New | 0.15% | +0.15 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.15% | +0.15 |
| AMD Advanced Micro Devices | Add +2.7% | 1.01% | +0.15 |
| AIVL Wisdomtree US AI Enhanced Va | New | 0.15% | +0.15 |
| XLI SS Industrial Select Sector | New | 0.15% | +0.15 |
| XLE SS Energy Select Sector | Add +12.9% | 0.94% | +0.15 |
| EMN Eastman Chemical Co. | New | 0.15% | +0.15 |
| XLV SS Health Care Select Sector | Add +15.7% | 0.50% | +0.07 |
| XLF SS Financial Select Sector | Add +3.4% | 0.96% | +0.07 |
| ONT Onterris Inc. | Add +18.8% | 0.27% | +0.07 |
| XLK SS Technology Select Sector | Add +3.7% | 1.53% | +0.07 |
| MP MP Materials Corp. | Add +60.8% | 0.76% | +0.06 |
| VNQ Vanguard Real Estate ETF | Add +49.0% | 0.21% | +0.06 |
| WFC Wells Fargo & Co. | Add +0.0% | 0.59% | +0.05 |
| PFE Pfizer Inc. | Add +16.1% | 1.13% | +0.05 |
| GM General Motors Co. | Add +4.2% | 0.25% | +0.05 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +10.9% | 0.61% | +0.04 |
| HD Home Depot Inc. | Add +0.6% | 0.83% | +0.03 |
| MMM 3M Co. | Add +18.1% | 0.40% | +0.03 |
| CVX Chevron Corp. | Add +6.4% | 0.47% | +0.02 |
| CRM Salesforce Inc. | Add +4.3% | 0.20% | +0.02 |
| STZ Constellation Brands Inc. Class A | Add +0.7% | 0.30% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1.5% | 0.33% | +0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +1.3% | 0.21% | +0.00 |
| BMY Bristol-Myers Squibb Co. | Add +1.2% | 1.16% | −0.00 |
| CSCO Cisco Systems Inc. | Add +0.0% | 0.24% | −0.02 |
| AMGN Amgen Inc. | Add +304.8% | 0.16% | −0.03 |
| SBUX Starbucks Corp. | Add +0.0% | 0.22% | −0.03 |
| BABA Alibaba Group Holding-SP ADR | Add +8.4% | 0.55% | −0.03 |
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 |