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Portfolio (Quarterly) Guide ↗

Gladstone Institutional Advisory LLC

· CIK 0001766530
13F Portfolio $2.7B AUM 829 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 108 New 357 Added 287 Reduced 67 Exited
Page 13 of 18  ·  357 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
241 NDAQ NASDAQ INC Financial Services 7,344.0 $624K 0.02% +729.0 +11.0% $84.90 +7.2%
242 ONEQ FIDELITY COMWLTH TR 7,325.0 $622K 0.02% +1K +18.1% $84.91 +22.2%
243 KLAC KLA CORP Technology 422.0 $621K 0.02% +61.0 +16.9% $1472.57 +28.2%
244 AEP AMERICAN ELEC PWR CO INC Utilities 4,714.0 $618K 0.02% +47.0 +1.0% $131.10 +0.4%
245 CCL CARNIVAL CORP Consumer Cyclical 23,797.0 $616K 0.02% +1K +6.4% $25.88 +0.4%
246 DVN DEVON ENERGY CORP NEW Energy 12,157.0 $612K 0.02% +3K +28.0% $50.32 -6.2%
247 IWL ISHARES TR 3,797.0 $609K 0.02% +1K +55.2% $160.48 +15.5%
248 FNCL FIDELITY COVINGTON TRUST 8,596.0 $603K 0.02% +6K +177.7% $70.21 +5.3%
249 MUNI PIMCO ETF TR 11,561.0 $603K 0.02% +1K +13.4% $52.19 -0.3%
250 EATON VANCE TAX-MANAGED BUY- 44,123.0 $603K 0.02% +18K +70.7% $13.67
251 CIFR CIPHER DIGITAL INC Financial Services 46,845.0 $603K 0.02% +16K +52.9% $12.87 +70.7%
252 FTA FIRST TR EXCHANGE-TRADED ALP 6,485.0 $599K 0.02% +541.0 +9.1% $92.35 +2.8%
253 FICS FIRST TR EXCHANGE TRADED FD 15,332.0 $599K 0.02% +2K +11.6% $39.04 +4.8%
254 VTEB VANGUARD MUN BD FDS 11,985.0 $598K 0.02% +5K +70.7% $49.89 -0.0%
255 PPL PPL CORP Utilities 15,482.0 $591K 0.02% +642.0 +4.3% $38.20 -4.9%
256 FIRST TR EXCHANGE TRADED FD 25,698.0 $590K 0.02% +6K +29.5% $22.95
257 INCY INCYTE CORP Healthcare 6,091.0 $573K 0.02% +254.0 +4.3% $94.12 +3.2%
258 VOT VANGUARD INDEX FDS 2,208.0 $568K 0.02% +113.0 +5.4% $257.44 +13.1%
259 DVYE ISHARES INC 16,335.0 $562K 0.02% +5K +40.3% $34.38 -0.4%
260 WM WASTE MGMT INC DEL Industrials 2,417.0 $556K 0.02% +279.0 +13.1% $229.87 -5.2%
Page 13 of 18  ·  357 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 29.5%
Financial Services 21.2%
Industrials 9.8%
Consumer Cyclical 8.8%
Communication Services 8.3%
Healthcare 8.3%
Energy 5.7%
Consumer Defensive 4.5%
Utilities 1.7%
Basic Materials 1.2%