Cladis Investment Advisory, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Cladis Investment Advisory, LLC reported 159 stock positions worth $181.7 million. Its top holding was Apple (AAPL) at 7.5% of the portfolio, followed by Nvidia (NVDA, 4.6%) and Amazon.com (AMZN, 2.4%). Compared with Q4 2025, it opened 12 new positions, sold out of 7, added to 39 and reduced 54. The biggest buy was Alphabet Class A (GOOGL, shares +303%) and the biggest sale Apple (AAPL, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- BILLINGS, MT
- CIK
- 0001911520
- Portfolio Value
- $181.7M (Q1 2026)
- SEC Filing
- 0001911520-26-000002 ↗ filed May 15, 2026
Holdings Value
Holdings 159 stocks · $181.7M
| AAPL Apple Inc. | 7.47% | 53,525 | $13.6M | Reduce -4.3% |
| NVDA Nvidia Corp. | 4.61% | 48,019 | $8.4M | Add +0.3% |
| AMZN Amazon.com Inc. | 2.44% | 21,262 | $4.4M | Reduce -1.4% |
| GE General Electric filed as GE AEROSPACE | 2.39% | 15,327 | $4.3M | Reduce -4.8% |
| MSFT Microsoft Corp. | 2.32% | 11,373 | $4.2M | Add +2.5% |
| GEV GE Vernova Inc. | 2.31% | 4,820 | $4.2M | Reduce -4.4% |
| LLY Eli Lilly & Co. | 2.10% | 4,142 | $3.8M | Reduce -11.0% |
| XOM Exxon Mobil Corp. | 1.99% | 21,297 | $3.6M | Reduce -1.6% |
| TSM Taiwan Semiconductor-SP ADR | 1.92% | 10,300 | $3.5M | No change |
| QQQ Invesco QQQ Trust Series 1 | 1.83% | 5,761 | $3.3M | Reduce -3.4% |
| COST Costco Wholesale Corp. | 1.76% | 3,208 | $3.2M | Reduce -2.0% |
| CAT Caterpillar Inc. | 1.66% | 4,265 | $3.0M | Reduce -11.2% |
| FIBK First Interstate Bancsys-A | 1.56% | 84,953 | $2.8M | Reduce -3.3% |
| XLK SS Technology Select Sector | 1.55% | 21,222 | $2.8M | Reduce -9.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.49% | 11,171 | $2.7M | Reduce -0.5% |
| VZ Verizon Communications Inc. | 1.41% | 51,139 | $2.6M | Reduce -2.8% |
| T AT&T Inc. | 1.39% | 87,063 | $2.5M | Reduce -4.5% |
| XLE SS Energy Select Sector | 1.35% | 40,045 | $2.5M | Reduce -4.1% |
| NEE Nextera Energy Inc. | 1.20% | 23,500 | $2.2M | Reduce -4.4% |
| JPM JPMorgan Chase & Co. | 1.17% | 7,203 | $2.1M | Reduce -1.4% |
| QXO Qxo Inc. | 1.11% | 103,560 | $2.0M | Reduce -3.5% |
| VRT Vertiv Holdings Co. Class A | 1.07% | 7,785 | $2.0M | Reduce -18.9% |
| UPS United Parcel Service Class B | 1.06% | 19,570 | $1.9M | Reduce -13.2% |
| ORCL Oracle Corp. | 1.03% | 12,780 | $1.9M | Add +94.4% |
| KNF Knife River Corp. | 0.98% | 21,767 | $1.8M | Reduce -0.5% |
| PFE Pfizer Inc. | 0.96% | 62,048 | $1.7M | Reduce -4.5% |
| MRK Merck & Co. Inc. | 0.93% | 14,124 | $1.7M | Reduce -3.8% |
| XLF SS Financial Select Sector | 0.92% | 34,048 | $1.7M | Reduce -1.2% |
| AMD Advanced Micro Devices | 0.90% | 8,060 | $1.6M | Add +12.6% |
| NFLX Netflix Inc. | 0.88% | 16,665 | $1.6M | Add +31.6% |
| FTAI Ftai Aviation Ltd. | 0.88% | 6,500 | $1.6M | Reduce -23.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.87% | 34,387 | $1.6M | Add +7.1% |
| NKE Nike Inc. Class B | 0.86% | 29,616 | $1.6M | Add +16.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.86% | 16,131 | $1.6M | Add +0.8% |
| META Meta Platforms Inc. Class A | 0.84% | 2,664 | $1.5M | Add +3.3% |
| WMT Walmart Inc. | 0.84% | 12,260 | $1.5M | Reduce -7.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.83% | 3,148 | $1.5M | Reduce -1.6% |
| ECG Everus Construction Group | 0.81% | 12,543 | $1.5M | Reduce -21.2% |
| F Ford Motor Co. filed as FORD MTR CO | 0.79% | 124,511 | $1.4M | Add +0.0% |
| UNH Unitedhealth Group Inc. | 0.78% | 5,269 | $1.4M | Add +33.1% |
| VFH Vanguard Financials ETF | 0.78% | 11,755 | $1.4M | Reduce -0.8% |
| UBER Uber Technologies Inc. | 0.74% | 18,821 | $1.4M | Add +71.5% |
| XLC SS Comm Select Sector SPDR | 0.73% | 11,989 | $1.3M | Add +1.8% |
| PSX Phillips 66 | 0.71% | 7,078 | $1.3M | No change |
| GBCI Glacier Bancorp Inc. | 0.70% | 28,298 | $1.3M | Reduce -3.4% |
| MDU Mdu Resources Group Inc. | 0.69% | 60,215 | $1.2M | Reduce -12.6% |
| GEHC GE Healthcare Technology | 0.67% | 17,168 | $1.2M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.66% | 1,847 | $1.2M | No change |
| DELL Dell Technologies -C | 0.66% | 7,315 | $1.2M | Reduce -14.8% |
| SNOW Snowflake Inc. | 0.64% | 7,740 | $1.2M | Reduce -1.3% |
| ONT Onterris Inc. filed as MONTROSE ENVIRONMENTAL GROUP | 0.64% | 52,900 | $1.2M | Reduce -9.4% |
| GOOGL Alphabet Inc. Class A | 0.62% | 3,957 | $1.1M | Add +303.4% |
| XLV SS Health Care Select Sector | 0.60% | 7,460 | $1.1M | Add +1.6% |
| INTC Intel Corp. | 0.59% | 24,305 | $1.1M | Reduce -19.8% |
| FDX FedEx Corp. | 0.59% | 3,000 | $1.1M | No change |
| SBUX Starbucks Corp. | 0.58% | 11,829 | $1.1M | Reduce -0.8% |
| KRE SS SPDR S&P Regional Bank | 0.58% | 16,050 | $1.0M | Add +3.2% |
| CPK Chesapeake Utilities Corp. | 0.56% | 8,000 | $1.0M | No change |
| HD Home Depot Inc. | 0.55% | 3,041 | $1.0M | Add +5.6% |
| COIN Coinbase Global Inc. Class A | 0.53% | 5,480 | $957K | Add +207.9% |
| GS Goldman Sachs Group Inc. | 0.53% | 1,130 | $956K | No change |
| WFC Wells Fargo & Co. | 0.51% | 11,727 | $934K | Reduce -7.9% |
| BMY Bristol-Myers Squibb Co. | 0.51% | 15,300 | $928K | Reduce -0.3% |
| ARTY iShares Future AI & Tech ETF | 0.51% | 19,795 | $921K | No change |
| CVX Chevron Corp. | 0.49% | 4,320 | $894K | Reduce -20.3% |
| JNJ Johnson & Johnson | 0.49% | 3,650 | $892K | Add +0.0% |
| IBB iShares Biotechnology ETF | 0.49% | 5,275 | $891K | Reduce -1.9% |
| ISRG Intuitive Surgical Inc. | 0.48% | 1,905 | $878K | No change |
| BX Blackstone Inc. | 0.47% | 7,500 | $862K | Add +7.1% |
| GOOG Alphabet Inc. Class C | 0.47% | 2,981 | $856K | Reduce -52.3% |
| DFAS Dimensional US Small Cap ETF | 0.47% | 11,954 | $850K | Add +18.0% |
| VLO Valero Energy Corp. | 0.47% | 3,434 | $848K | No change |
| PEP Pepsico Inc. | 0.45% | 5,280 | $820K | No change |
| CLF Cleveland-Cliffs Inc. | 0.45% | 96,650 | $817K | Reduce -1.5% |
| BA The Boeing Co. | 0.45% | 4,075 | $811K | Add +1.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.43% | 1,993 | $778K | Add +6.4% |
| COP Conocophillips | 0.40% | 5,518 | $728K | Add +0.0% |
| HON Honeywell International Inc. | 0.40% | 3,188 | $721K | No change |
| MCD McDonald's Corp. | 0.37% | 2,188 | $680K | No change |
| C Citigroup Inc. | 0.37% | 5,911 | $670K | No change |
| PG The Procter & Gamble Co. | 0.36% | 4,574 | $661K | Add +0.0% |
| CALM Cal-Maine Foods Inc. | 0.36% | 8,300 | $657K | Add +33.9% |
| MO Altria Group Inc. | 0.36% | 9,914 | $654K | No change |
| MPC Marathon Petroleum Corp. | 0.36% | 2,674 | $653K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.36% | 13,379 | $652K | Add +0.0% |
| KO The Coca-Cola Co. | 0.36% | 8,519 | $648K | No change |
| NEM Newmont Corp. | 0.33% | 5,600 | $606K | Reduce -26.3% |
| NOW ServiceNow Inc. | 0.33% | 5,695 | $595K | Add +273.4% |
| BYRN Byrna Technologies Inc. | 0.32% | 63,900 | $587K | Add +43.3% |
| TXN Texas Instruments Inc. | 0.32% | 3,000 | $582K | Reduce -25.0% |
| PANW Palo Alto Networks Inc. | 0.32% | 3,620 | $580K | Add +2.0% |
| VNQ Vanguard Real Estate ETF | 0.31% | 6,390 | $567K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.30% | 1,265 | $553K | Add +0.4% |
| MU Micron Technology Inc. | 0.30% | 1,619 | $547K | Reduce -0.4% |
| CMI Cummins Inc. | 0.30% | 1,000 | $538K | No change |
| XLI SS Industrial Select Sector | 0.29% | 3,315 | $536K | No change |
| DFUS Dimensional US Eq MKT ETF | 0.29% | 7,546 | $535K | Add +7.6% |
| TGT Target Corp. | 0.28% | 4,262 | $517K | Reduce -10.5% |
| MMM 3M Co. | 0.28% | 3,550 | $516K | Reduce -2.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.28% | 2,600 | $510K | Reduce -15.8% |
Portfolio Sells Q4 2025 → Q1 2026
| AAPL Apple Inc. | Reduce -4.3% | 7.47% | −0.85 |
| LLY Eli Lilly & Co. | Reduce -11.0% | 2.10% | −0.64 |
| GOOG Alphabet Inc. Class C | Reduce -52.3% | 0.47% | −0.60 |
| IBM Intl Business Machines Corp. | Reduce -0.5% | 1.49% | −0.33 |
| GE General Electric | Reduce -4.8% | 2.39% | −0.32 |
| SNOW Snowflake Inc. | Reduce -1.3% | 0.64% | −0.30 |
| XLK SS Technology Select Sector | Reduce -9.6% | 1.55% | −0.30 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 2.44% | −0.29 |
| CLF Cleveland-Cliffs Inc. | Reduce -1.5% | 0.45% | −0.26 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -3.4% | 1.83% | −0.17 |
| UPS United Parcel Service Class B | Reduce -13.2% | 1.06% | −0.16 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.16 |
| ONT Onterris Inc. | Reduce -9.4% | 0.64% | −0.16 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.15 |
| IREN Iren Ltd. | Sold out | 0.00% | −0.14 |
| WFC Wells Fargo & Co. | Reduce -7.9% | 0.51% | −0.14 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.13 |
| JPM JPMorgan Chase & Co. | Reduce -1.4% | 1.17% | −0.12 |
| HXL Hexcel Corp. | Sold out | 0.00% | −0.12 |
| ARKK ARK Innovation ETF | Sold out | 0.00% | −0.12 |
| XLF SS Financial Select Sector | Reduce -1.2% | 0.92% | −0.11 |
| FIBK First Interstate Bancsys-A | Reduce -3.3% | 1.56% | −0.10 |
| BIIB Biogen Inc. | Sold out | 0.00% | −0.10 |
| GEHC GE Healthcare Technology | Reduce -0.1% | 0.67% | −0.10 |
| VFH Vanguard Financials ETF | Reduce -0.8% | 0.78% | −0.08 |
| NEM Newmont Corp. | Reduce -26.3% | 0.33% | −0.08 |
| TXN Texas Instruments Inc. | Reduce -25.0% | 0.32% | −0.06 |
| MDU Mdu Resources Group Inc. | Reduce -12.6% | 0.69% | −0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -15.8% | 0.28% | −0.04 |
| FTAI Ftai Aviation Ltd. | Reduce -23.5% | 0.88% | −0.04 |
| PLTR Palantir Technologies Inc. Class A | Reduce -5.9% | 0.13% | −0.04 |
| MMM 3M Co. | Reduce -2.7% | 0.28% | −0.04 |
| HAL Halliburton Co. | Reduce -39.7% | 0.15% | −0.03 |
| QXO Qxo Inc. | Reduce -3.5% | 1.11% | −0.03 |
| INTC Intel Corp. | Reduce -19.8% | 0.59% | −0.02 |
| GBCI Glacier Bancorp Inc. | Reduce -3.4% | 0.70% | −0.01 |
| IBB iShares Biotechnology ETF | Reduce -1.9% | 0.49% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -1.4% | 0.12% | −0.01 |
| SLB SLB Ltd. | Reduce -18.0% | 0.13% | +0.01 |
| WMT Walmart Inc. | Reduce -7.7% | 0.84% | +0.03 |
| TGT Target Corp. | Reduce -10.5% | 0.28% | +0.03 |
| SBUX Starbucks Corp. | Reduce -0.8% | 0.58% | +0.03 |
| DE Deere & Co. | Reduce -5.0% | 0.27% | +0.04 |
| CVX Chevron Corp. | Reduce -20.3% | 0.49% | +0.04 |
| MU Micron Technology Inc. | Reduce -0.4% | 0.30% | +0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.3% | 0.51% | +0.06 |
| DELL Dell Technologies -C | Reduce -14.8% | 0.66% | +0.07 |
| ECG Everus Construction Group | Reduce -21.2% | 0.81% | +0.07 |
| PFE Pfizer Inc. | Reduce -4.5% | 0.96% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.6% | 0.83% | +0.08 |
Portfolio Buys Q4 2025 → Q1 2026
| GOOGL Alphabet Inc. Class A | Add +303.4% | 0.62% | +0.46 |
| ORCL Oracle Corp. | Add +94.4% | 1.03% | +0.33 |
| COIN Coinbase Global Inc. Class A | Add +207.9% | 0.53% | +0.31 |
| UBER Uber Technologies Inc. | Add +71.5% | 0.74% | +0.25 |
| NFLX Netflix Inc. | Add +31.6% | 0.88% | +0.23 |
| KGC Kinross Gold Corp. | New | 0.22% | +0.22 |
| NOW ServiceNow Inc. | Add +273.4% | 0.33% | +0.20 |
| DFAX Dimensional World Ex US Core | New | 0.20% | +0.20 |
| PAAS Pan American Silver Corp. | New | 0.15% | +0.15 |
| AMGN Amgen Inc. | New | 0.14% | +0.14 |
| CRWV Coreweave Inc. Class A | New | 0.12% | +0.12 |
| COP Conocophillips | Add +0.0% | 0.40% | +0.12 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +7.1% | 0.87% | +0.12 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.12% | +0.12 |
| ENB Enbridge Inc. | New | 0.11% | +0.11 |
| GLW Corning Inc. | New | 0.11% | +0.11 |
| AEM Agnico Eagle Mines Ltd. | New | 0.11% | +0.11 |
| VVV Valvoline Inc. | New | 0.11% | +0.11 |
| IWM iShares Russell 2000 ETF | New | 0.11% | +0.11 |
| HL Hecla Mining Co. | New | 0.10% | +0.10 |
| CALM Cal-Maine Foods Inc. | Add +33.9% | 0.36% | +0.09 |
| XOP SS SPDR S&P Og Exp & Prod | Add +1.9% | 0.27% | +0.09 |
| DFAS Dimensional US Small Cap ETF | Add +18.0% | 0.47% | +0.08 |
| JNJ Johnson & Johnson | Add +0.0% | 0.49% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +33.1% | 0.78% | +0.07 |
| IWN iShares Russell 2000 Value E | Add +15.4% | 0.16% | +0.03 |
| KRE SS SPDR S&P Regional Bank | Add +3.2% | 0.58% | +0.02 |
| DFUS Dimensional US Eq MKT ETF | Add +7.6% | 0.29% | +0.01 |
| HD Home Depot Inc. | Add +5.6% | 0.55% | +0.01 |
| PG The Procter & Gamble Co. | Add +0.0% | 0.36% | +0.00 |
| CSCO Cisco Systems Inc. | Add +0.0% | 0.23% | +0.00 |
| AVGO Broadcom Inc. | Add +5.9% | 0.12% | −0.01 |
| V Visa Inc. Class A | Add +8.7% | 0.19% | −0.01 |
| CVS CVS Health Corp. | Add +0.0% | 0.18% | −0.02 |
| XLV SS Health Care Select Sector | Add +1.6% | 0.60% | −0.02 |
| XLC SS Comm Select Sector SPDR | Add +1.8% | 0.73% | −0.03 |
| NKE Nike Inc. Class B | Add +16.0% | 0.86% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.4% | 0.30% | −0.03 |
| BA The Boeing Co. | Add +1.0% | 0.45% | −0.03 |
| PANW Palo Alto Networks Inc. | Add +2.0% | 0.32% | −0.04 |
| BAC Bank of America Corp. | Add +0.0% | 0.36% | −0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +6.4% | 0.43% | −0.05 |
| AMD Advanced Micro Devices | Add +12.6% | 0.90% | −0.05 |
| BYRN Byrna Technologies Inc. | Add +43.3% | 0.32% | −0.09 |
| META Meta Platforms Inc. Class A | Add +3.3% | 0.84% | −0.09 |
| F Ford Motor Co. | Add +0.0% | 0.79% | −0.10 |
| BX Blackstone Inc. | Add +7.1% | 0.47% | −0.12 |
| RDDT Reddit Inc. Class A | Add +8.8% | 0.23% | −0.13 |
| DIS The Walt Disney Co. | Add +0.8% | 0.86% | −0.14 |
| NVDA Nvidia Corp. | Add +0.3% | 4.61% | −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 |