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

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $136.3M Q1 2024 Q2 2024: $137.9M Q2 2024 Q3 2024: $144.3M Q3 2024 Q4 2024: $141.0M Q4 2024 Q1 2025: $138.2M Q1 2025 Q2 2025: $159.6M Q2 2025 Q3 2025: $174.7M Q3 2025 Q4 2025: $182.7M Q4 2025 Q1 2026: $181.7M Q1 2026 Q2 2026: $214.0M $214.0M Q2 2026

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%
DE Deere & Co. 0.26% 864 $548K No change
RDDT Reddit Inc. Class A 0.25% 3,100 $538K No change
CALM Cal-Maine Foods Inc. 0.24% 6,500 $524K Reduce -21.7%
NEM Newmont Corp. 0.24% 5,500 $514K Reduce -1.8%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.24% 6,360 $512K No change
V Visa Inc. Class A 0.23% 1,456 $500K Add +28.2%
SO The Southern Co. 0.23% 5,160 $494K No change
TWLO Twilio Inc. Class A 0.23% 2,350 $485K No change
CRWV Coreweave Inc. Class A 0.22% 4,720 $470K Add +68.6%
CVS CVS Health Corp. 0.22% 4,516 $467K Add +0.0%
HWM Howmet Aerospace Inc. 0.21% 1,666 $448K No change
IREN Iren Ltd. filed as IREN LIMITED 0.20% 9,500 $434K New
AEP American Electric Power 0.20% 3,158 $432K No change
DUK Duke Energy Corp. 0.19% 3,247 $411K No change
XOP SS SPDR S&P Og Exp & Prod 0.19% 2,593 $400K Reduce -3.2%
ABBV Abbvie Inc. 0.18% 1,573 $396K Add +1.0%
WTW Willis Towers Watson PLC 0.18% 1,510 $395K No change
IWO iShares Russell 2000 Growth 0.18% 1,000 $394K No change
DFAX Dimensional World Ex US Core 0.18% 10,443 $385K No change
GLW Corning Inc. 0.18% 1,500 $383K No change
DAL Delta Air Lines Inc. 0.18% 4,000 $375K No change
HAL Halliburton Co. 0.17% 10,600 $360K Add +51.4%
HON Honeywell International Inc. 0.17% 1,594 $357K No change
HONA Honeywell Aerospace Inc. 0.16% 1,594 $352K No change
PTCT PTC Therapeutics Inc. 0.16% 4,200 $343K No change
SPG Simon Property Group Inc. 0.16% 1,500 $335K No change
GOOGL Alphabet Inc. Class A 0.16% 931 $333K Reduce -76.5%
IWN iShares Russell 2000 Value E 0.16% 1,500 $332K No change
KGC Kinross Gold Corp. 0.15% 14,000 $331K Add +7.7%
CPRX Catalyst Pharmaceuticals Inc. 0.15% 10,020 $315K No change
SOXX iShares Semiconductor ETF 0.15% 487 $312K New
AEM Agnico Eagle Mines Ltd. 0.14% 2,000 $310K Add +100.0%
MP MP Materials Corp. 0.14% 5,400 $302K No change
MSI Motorola Solutions Inc. 0.14% 728 $302K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.14% 865 $297K No change
MET Metlife Inc. 0.14% 3,500 $296K No change
LULU Lululemon Athletica Inc. 0.13% 2,500 $285K Add +66.7%
ENB Enbridge Inc. 0.13% 5,172 $280K Add +35.0%
JBND JPMorgan Active Bond ETF 0.13% 5,235 $280K New
VRTX Vertex Pharmaceuticals Inc. 0.13% 559 $278K Add +3.1%
MDLZ Mondelez International Inc. Class A 0.13% 4,736 $274K Reduce -9.6%
AVGO Broadcom Inc. 0.13% 720 $272K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.13% 3,400 $272K No change
IFRA iShares US Infrastructure 0.13% 4,300 $271K No change
GLD SPDR Gold Shares 0.12% 712 $262K No change
AIVL Wisdomtree US AI Enhanced Va 0.12% 2,000 $262K No change
AMGN Amgen Inc. 0.12% 715 $259K No change
LUV Southwest Airlines Co. 0.12% 5,000 $257K Reduce -44.4%
SCHG Schwab US Large-Cap Growth 0.12% 7,536 $255K No change
JEPI JPMorgan Equity Premium Inco 0.12% 4,495 $254K New
GIS General Mills Inc. 0.12% 7,210 $251K New
GM General Motors Co. 0.12% 3,248 $250K No change
IWM iShares Russell 2000 ETF 0.11% 808 $243K No change
WCN Waste Connections Inc. 0.11% 1,444 $241K No change
NVO Novo-Nordisk A/S-Spons ADR 0.11% 5,000 $240K Reduce -12.3%
VVV Valvoline Inc. 0.11% 6,000 $237K No change
FDXF FedEx Freight Holding Co. 0.11% 1,500 $227K No change
BIIB Biogen Inc. 0.10% 1,040 $225K New
MA Mastercard Inc. Class A 0.10% 429 $220K Add +0.2%
DFAI Dimensional International Co. 0.10% 5,308 $219K New
MHK Mohawk Industries Inc. 0.10% 1,800 $218K New
DFUV Dimensional US Marketwide Va 0.10% 3,900 $215K New
SCHF Schwab Intl Equity ETF 0.10% 7,720 $214K New
SLB SLB Ltd. filed as SLB LIMITED 0.10% 4,546 $211K No change
MRVL Marvell Technology Inc. 0.10% 700 $209K New
XPO Xpo Inc. 0.10% 1,000 $205K New
TRMB Trimble Inc. 0.10% 4,000 $205K No change
USB US Bancorp 0.10% 3,379 $204K New
ARKK ARK Innovation ETF 0.10% 2,525 $204K New
HOOD Robinhood Markets Inc. Class A 0.09% 2,025 $203K New
WIT Wipro Ltd.-ADR 0.02% 19,680 $44K No change
BTG B2GOLD Corp. 0.02% 10,000 $37K New
NFGC New Found Gold Corp. 0.01% 10,000 $15K No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 173$214.0MAAPL, NVDA, GEV, GE, AMZN
Q1 2026 159$181.7MAAPL, NVDA, AMZN, GE, MSFT
Q4 2025 154$182.7MAAPL, NVDA, MSFT, LLY, AMZN
Q3 2025 145$174.7MAAPL, NVDA, MSFT, GE, AMZN
Q2 2025 147$159.6MAAPL, NVDA, MSFT, AMZN, GE
Q1 2025 137$138.2MAAPL, NVDA, AMZN, MSFT, LLY
Q4 2024 131$141.0MAAPL, NVDA, AMZN, MSFT, LLY
Q3 2024 135$144.3MAAPL, NVDA, MSFT, LLY, AMZN
Q2 2024Amended 136$137.9MAAPL, NVDA, LLY, MSFT, AMZN
Q1 2024Amended 138$136.3MAAPL, MSFT, LLY, AMZN, NVDA