Cladis Investment Advisory, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed October 9, 2024), Cladis Investment Advisory, LLC reported 136 stock positions worth $137.9 million. Its top holding was Apple (AAPL) at 10.0% of the portfolio, followed by Nvidia (NVDA, 4.1%) and Eli Lilly (LLY, 3.8%). Compared with Q1 2024, it opened 8 new positions, sold out of 11, added to 37 and reduced 37. The biggest buy was Nvidia (NVDA, shares +0%) and the biggest sale General Electric (GE, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- BILLINGS, MT
- CIK
- 0001911520
- Portfolio Value
- $137.9M (Q2 2024)
- SEC Filing
- 0001911520-24-000015 ↗ filed Oct 9, 2024
Holdings Value
Holdings 136 stocks · $137.9M
| AAPL Apple Inc. | 10.03% | 65,659 | $13.8M | Reduce -0.3% |
| NVDA Nvidia Corp. | 4.11% | 45,890 | $5.7M | Add +0.2% |
| LLY Eli Lilly & Co. | 3.84% | 5,844 | $5.3M | No change |
| MSFT Microsoft Corp. | 3.53% | 10,904 | $4.9M | Reduce -1.8% |
| AMZN Amazon.com Inc. | 3.23% | 23,045 | $4.5M | Reduce -7.0% |
| GE General Electric filed as GE AEROSPACE | 2.34% | 20,282 | $3.2M | Reduce -6.0% |
| FIBK First Interstate Bancsys-A | 2.02% | 100,408 | $2.8M | Reduce -2.6% |
| QQQ Invesco QQQ Trust Series 1 | 1.92% | 5,531 | $2.7M | Add +0.5% |
| VZ Verizon Communications Inc. | 1.85% | 61,971 | $2.6M | Reduce -6.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.73% | 13,810 | $2.4M | Reduce -0.3% |
| XOM Exxon Mobil Corp. | 1.66% | 19,829 | $2.3M | Add +18.5% |
| XLK SS Technology Select Sector | 1.64% | 10,016 | $2.3M | No change |
| COST Costco Wholesale Corp. | 1.42% | 2,306 | $2.0M | Add +2.2% |
| MDU Mdu Resources Group Inc. | 1.41% | 77,223 | $1.9M | Reduce -2.3% |
| META Meta Platforms Inc. Class A | 1.40% | 3,815 | $1.9M | No change |
| T AT&T Inc. | 1.38% | 99,687 | $1.9M | Reduce -1.9% |
| NEE Nextera Energy Inc. | 1.30% | 25,300 | $1.8M | No change |
| KNF Knife River Corp. | 1.29% | 25,375 | $1.8M | Add +6.3% |
| CAT Caterpillar Inc. | 1.28% | 5,314 | $1.8M | No change |
| TSM Taiwan Semiconductor-SP ADR | 1.26% | 10,000 | $1.7M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.22% | 16,889 | $1.7M | Add +1.4% |
| PFE Pfizer Inc. | 1.16% | 56,910 | $1.6M | Add +2.3% |
| F Ford Motor Co. filed as FORD MTR CO DEL | 1.11% | 104,402 | $1.5M | Reduce -18.2% |
| SNOW Snowflake Inc. | 1.07% | 10,930 | $1.5M | Add +61.9% |
| JPM JPMorgan Chase & Co. | 1.05% | 7,189 | $1.5M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 1.02% | 3,458 | $1.4M | Reduce -2.8% |
| MRK Merck & Co. Inc. | 0.97% | 10,777 | $1.3M | Add +0.0% |
| VFH Vanguard Financials ETF | 0.97% | 13,339 | $1.3M | Reduce -3.6% |
| XLF SS Financial Select Sector | 0.94% | 31,557 | $1.3M | Add +2.1% |
| UNH Unitedhealth Group Inc. | 0.93% | 2,506 | $1.3M | Reduce -0.3% |
| AMD Advanced Micro Devices | 0.92% | 7,846 | $1.3M | Add +2.6% |
| GOOG Alphabet Inc. Class C | 0.91% | 6,805 | $1.2M | Reduce -8.1% |
| XLE SS Energy Select Sector | 0.90% | 13,610 | $1.2M | Add +0.5% |
| BMY Bristol-Myers Squibb Co. | 0.89% | 29,536 | $1.2M | Add +1.3% |
| KHC The Kraft Heinz Co. | 0.85% | 36,179 | $1.2M | Reduce -0.7% |
| GEHC GE Healthcare Technology | 0.83% | 14,638 | $1.1M | Add +1.6% |
| GBCI Glacier Bancorp Inc. | 0.80% | 32,198 | $1.1M | Reduce -2.4% |
| CVS CVS Health Corp. | 0.80% | 18,592 | $1.1M | Reduce -4.1% |
| HD Home Depot Inc. | 0.76% | 3,039 | $1.0M | Add +2.7% |
| FTAI Ftai Aviation Ltd. | 0.75% | 10,000 | $1.0M | No change |
| XLC SS Comm Select Sector SPDR | 0.73% | 11,715 | $1.0M | Reduce -3.3% |
| MP MP Materials Corp. | 0.73% | 78,540 | $1000K | Add +8.0% |
| UPS United Parcel Service Class B | 0.70% | 7,056 | $966K | Add +2.4% |
| PSX Phillips 66 | 0.70% | 6,836 | $965K | Reduce -0.7% |
| HON Honeywell International Inc. | 0.68% | 4,420 | $944K | No change |
| CLF Cleveland-Cliffs Inc. | 0.68% | 61,150 | $941K | Reduce -2.1% |
| WMT Walmart Inc. | 0.67% | 13,643 | $924K | Add +0.0% |
| GEV GE Vernova Inc. | 0.67% | 5,352 | $918K | Reduce -0.8% |
| FDX FedEx Corp. | 0.65% | 3,000 | $900K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.63% | 12,785 | $871K | Add +1.6% |
| BX Blackstone Inc. | 0.63% | 7,000 | $867K | No change |
| CPK Chesapeake Utilities Corp. | 0.62% | 8,000 | $850K | No change |
| PEP Pepsico Inc. | 0.60% | 5,000 | $825K | No change |
| WFC Wells Fargo & Co. | 0.60% | 13,824 | $821K | Add +0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.58% | 1,474 | $802K | No change |
| TXN Texas Instruments Inc. | 0.56% | 4,000 | $778K | No change |
| PG The Procter & Gamble Co. | 0.55% | 4,571 | $754K | Reduce -4.2% |
| PANW Palo Alto Networks Inc. | 0.52% | 2,115 | $717K | Add +21.2% |
| ARKK ARK Innovation ETF | 0.51% | 16,151 | $710K | Reduce -0.8% |
| KO The Coca-Cola Co. | 0.51% | 11,111 | $707K | Add +0.0% |
| XLV SS Health Care Select Sector | 0.51% | 4,810 | $701K | Add +4.3% |
| PYPL PayPal Holdings Inc. | 0.50% | 11,843 | $687K | Add +1.4% |
| BABA Alibaba Group Holding-SP ADR | 0.47% | 8,925 | $643K | Reduce -14.0% |
| DFAS Dimensional US Small Cap ETF | 0.46% | 10,562 | $635K | Reduce -0.7% |
| CVX Chevron Corp. | 0.45% | 3,965 | $620K | Reduce -1.6% |
| JNJ Johnson & Johnson | 0.45% | 4,229 | $618K | Add +1.6% |
| TGT Target Corp. | 0.44% | 4,115 | $609K | Add +0.0% |
| NKE Nike Inc. Class B | 0.43% | 7,932 | $598K | Add +53.5% |
| ARM Arm Holdings PLC-ADR | 0.43% | 3,650 | $597K | No change |
| COP Conocophillips | 0.43% | 5,199 | $595K | Reduce -1.7% |
| GS Goldman Sachs Group Inc. | 0.43% | 1,305 | $590K | No change |
| SMH Vaneck Semiconductor ETF | 0.42% | 2,214 | $577K | No change |
| DE Deere & Co. | 0.42% | 1,539 | $575K | Add +1.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.40% | 14,022 | $558K | Reduce -15.6% |
| VLO Valero Energy Corp. | 0.39% | 3,450 | $541K | Reduce -5.2% |
| GIS General Mills Inc. | 0.38% | 8,273 | $523K | No change |
| DFUS Dimensional US Eq MKT ETF | 0.38% | 8,875 | $522K | No change |
| MCD McDonald's Corp. | 0.37% | 1,990 | $507K | Add +1.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.36% | 3,113 | $499K | Reduce -0.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.36% | 1,315 | $492K | No change |
| BA The Boeing Co. | 0.36% | 2,700 | $491K | Add +3.5% |
| INTC Intel Corp. | 0.35% | 15,805 | $489K | Add +18.8% |
| MO Altria Group Inc. | 0.34% | 10,214 | $465K | Reduce -1.1% |
| MPC Marathon Petroleum Corp. | 0.34% | 2,674 | $464K | No change |
| NFLX Netflix Inc. | 0.33% | 675 | $456K | No change |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.31% | 9,500 | $423K | No change |
| NEM Newmont Corp. | 0.31% | 10,100 | $423K | No change |
| IBB iShares Biotechnology ETF | 0.30% | 3,035 | $417K | Add +3.9% |
| C Citigroup Inc. | 0.30% | 6,511 | $413K | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.29% | 1,058 | $405K | No change |
| SO The Southern Co. | 0.29% | 5,160 | $400K | No change |
| MMM 3M Co. | 0.29% | 3,899 | $398K | Reduce -23.6% |
| NOW ServiceNow Inc. | 0.29% | 505 | $397K | No change |
| WTW Willis Towers Watson PLC | 0.29% | 1,510 | $396K | No change |
| XOP SS SPDR S&P Og Exp & Prod | 0.27% | 2,587 | $376K | Add +4.6% |
| UL Unilever PLC | 0.26% | 6,500 | $357K | No change |
| DD Dupont DE Nemours Inc. | 0.26% | 4,416 | $355K | Reduce -0.7% |
| GM General Motors Co. | 0.25% | 7,498 | $348K | No change |
| DUK Duke Energy Corp. | 0.24% | 3,288 | $330K | No change |
| CSCO Cisco Systems Inc. | 0.24% | 6,854 | $326K | Add +3.0% |
Portfolio Sells Q1 2024 → Q2 2024
| GE General Electric | Reduce -6.0% | 2.34% | −0.44 |
| CLF Cleveland-Cliffs Inc. | Reduce -2.1% | 0.68% | −0.36 |
| CVS CVS Health Corp. | Reduce -4.1% | 0.80% | −0.34 |
| IP International Paper Co. | Sold out | 0.00% | −0.33 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.28 |
| IBM Intl Business Machines Corp. | Reduce -0.3% | 1.73% | −0.21 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.20 |
| VZ Verizon Communications Inc. | Reduce -6.0% | 1.85% | −0.18 |
| GBCI Glacier Bancorp Inc. | Reduce -2.4% | 0.80% | −0.18 |
| PARAA Paramount Global Class B | Sold out | 0.00% | −0.17 |
| HXL Hexcel Corp. | Sold out | 0.00% | −0.16 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.15 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.15 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.15 |
| AIVL Wisdomtree US AI Enhanced Va | Sold out | 0.00% | −0.15 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.15 |
| EMN Eastman Chemical Co. | Sold out | 0.00% | −0.15 |
| KHC The Kraft Heinz Co. | Reduce -0.7% | 0.85% | −0.14 |
| F Ford Motor Co. | Reduce -18.2% | 1.11% | −0.13 |
| PSX Phillips 66 | Reduce -0.7% | 0.70% | −0.12 |
| MMM 3M Co. | Reduce -23.6% | 0.29% | −0.11 |
| BABA Alibaba Group Holding-SP ADR | Reduce -14.0% | 0.47% | −0.08 |
| ARKK ARK Innovation ETF | Reduce -0.8% | 0.51% | −0.08 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.8% | 1.02% | −0.08 |
| VFH Vanguard Financials ETF | Reduce -3.6% | 0.97% | −0.07 |
| STZ Constellation Brands Inc. Class A | Reduce -17.4% | 0.24% | −0.07 |
| VLO Valero Energy Corp. | Reduce -5.2% | 0.39% | −0.06 |
| COP Conocophillips | Reduce -1.7% | 0.43% | −0.06 |
| BAC Bank of America Corp. | Reduce -15.6% | 0.40% | −0.06 |
| MDU Mdu Resources Group Inc. | Reduce -2.3% | 1.41% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -7.0% | 3.23% | −0.05 |
| FIBK First Interstate Bancsys-A | Reduce -2.6% | 2.02% | −0.04 |
| DFAS Dimensional US Small Cap ETF | Reduce -0.7% | 0.46% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -4.2% | 0.55% | −0.02 |
| CVX Chevron Corp. | Reduce -1.6% | 0.45% | −0.02 |
| GEV GE Vernova Inc. | Reduce -0.8% | 0.67% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -0.5% | 0.36% | −0.01 |
| MU Micron Technology Inc. | Reduce -15.6% | 0.15% | −0.01 |
| SWKS Skyworks Solutions Inc. | Reduce -2.3% | 0.15% | −0.01 |
| XLC SS Comm Select Sector SPDR | Reduce -3.3% | 0.73% | +0.00 |
| MO Altria Group Inc. | Reduce -1.1% | 0.34% | +0.01 |
| DD Dupont DE Nemours Inc. | Reduce -0.7% | 0.26% | +0.01 |
| UNH Unitedhealth Group Inc. | Reduce -0.3% | 0.93% | +0.01 |
| AMGN Amgen Inc. | Reduce -76.8% | 0.18% | +0.01 |
| T AT&T Inc. | Reduce -1.9% | 1.38% | +0.07 |
| GOOG Alphabet Inc. Class C | Reduce -8.1% | 0.91% | +0.08 |
| MSFT Microsoft Corp. | Reduce -1.8% | 3.53% | +0.11 |
| AAPL Apple Inc. | Reduce -0.3% | 10.03% | +1.74 |
Portfolio Buys Q1 2024 → Q2 2024
| NVDA Nvidia Corp. | Add +0.2% | 4.11% | +1.08 |
| SNOW Snowflake Inc. | Add +61.9% | 1.07% | +0.27 |
| XOM Exxon Mobil Corp. | Add +18.5% | 1.66% | +0.23 |
| COST Costco Wholesale Corp. | Add +2.2% | 1.42% | +0.21 |
| LEVI Levi Strauss & Co. Class A | New | 0.18% | +0.18 |
| PANW Palo Alto Networks Inc. | Add +21.2% | 0.52% | +0.16 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 1.92% | +0.13 |
| CPRX Catalyst Pharmaceuticals Inc. | New | 0.11% | +0.11 |
| PGX Invesco Preferred ETF | New | 0.09% | +0.09 |
| NKE Nike Inc. Class B | Add +53.5% | 0.43% | +0.08 |
| WMT Walmart Inc. | Add +0.0% | 0.67% | +0.07 |
| SILV Silvercrest Metals Inc. | New | 0.06% | +0.06 |
| NGD New Gold Inc. | New | 0.04% | +0.04 |
| AXDXQ Accelerate Diagnostics Inc. | New | 0.03% | +0.03 |
| SBSW Sibanye-Stillwater Ltd.-ADR | New | 0.03% | +0.03 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +1.6% | 0.63% | +0.03 |
| PFE Pfizer Inc. | Add +2.3% | 1.16% | +0.02 |
| KO The Coca-Cola Co. | Add +0.0% | 0.51% | +0.01 |
| XLV SS Health Care Select Sector | Add +4.3% | 0.51% | +0.01 |
| IBB iShares Biotechnology ETF | Add +3.9% | 0.30% | +0.01 |
| WFC Wells Fargo & Co. | Add +0.0% | 0.60% | +0.01 |
| ASM Avino Silver & Gold Mines | New | 0.01% | +0.01 |
| CSCO Cisco Systems Inc. | Add +3.0% | 0.24% | −0.01 |
| XOP SS SPDR S&P Og Exp & Prod | Add +4.6% | 0.27% | −0.01 |
| BA The Boeing Co. | Add +3.5% | 0.36% | −0.01 |
| XLF SS Financial Select Sector | Add +2.1% | 0.94% | −0.01 |
| SBUX Starbucks Corp. | Add +7.5% | 0.20% | −0.02 |
| CRM Salesforce Inc. | Add +5.5% | 0.18% | −0.02 |
| JNJ Johnson & Johnson | Add +1.6% | 0.45% | −0.04 |
| MP MP Materials Corp. | Add +8.0% | 0.73% | −0.04 |
| XLE SS Energy Select Sector | Add +0.5% | 0.90% | −0.04 |
| MCD McDonald's Corp. | Add +1.3% | 0.37% | −0.04 |
| DE Deere & Co. | Add +1.3% | 0.42% | −0.04 |
| UPS United Parcel Service Class B | Add +2.4% | 0.70% | −0.05 |
| DADA Dada Nexus Ltd.-ADR | Add +10.5% | 0.14% | −0.07 |
| HD Home Depot Inc. | Add +2.7% | 0.76% | −0.07 |
| PYPL PayPal Holdings Inc. | Add +1.4% | 0.50% | −0.08 |
| MRK Merck & Co. Inc. | Add +0.0% | 0.97% | −0.08 |
| INTC Intel Corp. | Add +18.8% | 0.35% | −0.08 |
| AMD Advanced Micro Devices | Add +2.6% | 0.92% | −0.09 |
| TGT Target Corp. | Add +0.0% | 0.44% | −0.09 |
| KNF Knife River Corp. | Add +6.3% | 1.29% | −0.13 |
| GEHC GE Healthcare Technology | Add +1.6% | 0.83% | −0.13 |
| BMY Bristol-Myers Squibb Co. | Add +1.3% | 0.89% | −0.27 |
| DIS The Walt Disney Co. | Add +1.4% | 1.22% | −0.28 |
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 |