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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 16 of 18  ·  357 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
301 WULF TERAWULF INC Financial Services 26,005.0 $375K 0.01% +7K +36.5% $14.43 +58.1%
302 ARTY ISHARES TR 7,946.0 $370K 0.01% +608.0 +8.3% $46.53 +47.8%
303 MELI MERCADOLIBRE INC Consumer Cyclical 213.0 $368K 0.01% +39.0 +22.4% $1729.02 -3.7%
304 PGX INVESCO EXCH TRADED FD TR II 33,721.0 $367K 0.01% +22K +186.7% $10.88 +0.6%
305 WEC WEC ENERGY GROUP INC Utilities 3,156.0 $365K 0.01% +329.0 +11.6% $115.78 -2.0%
306 REET ISHARES TR 14,518.0 $365K 0.01% +6K +74.0% $25.15 +9.0%
307 WMB WILLIAMS COS INC Energy 4,955.0 $361K 0.01% +108.0 +2.2% $72.79 +7.8%
308 FMDE FIDELITY COVINGTON TRUST 9,789.0 $352K 0.01% +4K +66.1% $35.96 +9.0%
309 ES EVERSOURCE ENERGY Utilities 5,048.0 $350K 0.01% +112.0 +2.3% $69.28 +1.0%
310 CTVA CORTEVA INC Basic Materials 4,174.0 $349K 0.01% +910.0 +27.9% $83.72 -5.0%
311 NETL ETF SER SOLUTIONS 14,058.0 $347K 0.01% +5K +52.6% $24.69 +7.6%
312 OKE ONEOK INC NEW Energy 3,772.0 $341K 0.01% +272.0 +7.8% $90.40 +4.0%
313 VONV VANGUARD SCOTTSDALE FDS 3,632.0 $341K 0.01% +1K +58.6% $93.75 +10.6%
314 MFC MANULIFE FINL CORP Financial Services 9,874.0 $340K 0.01% +914.0 +10.2% $34.44 +11.9%
315 MPC MARATHON PETE CORP Energy 1,390.0 $339K 0.01% +138.0 +11.0% $244.19 +4.3%
316 MCO MOODYS CORP Financial Services 767.0 $335K 0.01% +102.0 +15.3% $436.25 +3.0%
317 SOFI SOFI TECHNOLOGIES INC Financial Services 20,824.0 $331K 0.01% +4K +26.2% $15.88 -1.6%
318 PIZ INVESCO EXCH TRADED FD TR II 6,583.0 $326K 0.01% +300.0 +4.8% $49.52 +14.3%
319 CEFS EXCHANGE LISTED FDS TR 14,380.0 $324K 0.01% +425.0 +3.0% $22.55 +10.3%
320 VEEV VEEVA SYS INC Healthcare 1,794.0 $315K 0.01% +60.0 +3.5% $175.66 -8.8%
Page 16 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%