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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 4 of 15  ·  287 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 NEE NEXTERA ENERGY INC Utilities 45,602.0 $4.2M 0.16% -3K -5.8% $92.88 -4.7%
62 BA BOEING CO Industrials 20,924.0 $4.2M 0.15% -982.0 -4.5% $199.03 +10.0%
63 BMY BRISTOL-MYERS SQUIBB CO Healthcare 67,544.0 $4.1M 0.15% -23K -25.1% $60.65 -2.0%
64 TLT ISHARES TR 47,254.0 $4.1M 0.15% -95K -66.7% $86.69 -2.3%
65 XLRE SELECT SECTOR SPDR TR 98,436.0 $4.0M 0.15% -8K -7.7% $40.83 +9.1%
66 OEF ISHARES TR 12,304.0 $3.9M 0.14% -409.0 -3.2% $318.08 +16.7%
67 CSHI NEOS ETF TRUST 77,581.0 $3.9M 0.14% -8K -9.8% $49.78 +0.0%
68 GEM GOLDMAN SACHS ETF TR 88,265.0 $3.8M 0.14% -13K -12.9% $43.20 +15.5%
69 MAR MARRIOTT INTL INC NEW Consumer Cyclical 11,649.0 $3.8M 0.14% -1K -9.1% $327.07 +12.9%
70 VEA VANGUARD TAX-MANAGED FDS 55,463.0 $3.6M 0.13% -27K -32.5% $64.08 +10.0%
71 PM PHILIP MORRIS INTL INC Consumer Defensive 21,178.0 $3.5M 0.13% -5K -19.1% $165.34 +14.3%
72 BND VANGUARD BD INDEX FDS 46,051.0 $3.4M 0.13% -5K -8.9% $73.64 -0.9%
73 ITOT ISHARES TR 23,516.0 $3.3M 0.12% -749.0 -3.1% $142.43 +14.4%
74 IWR ISHARES TR 33,944.0 $3.3M 0.12% -1K -3.7% $97.23 +8.9%
75 GRID FIRST TR EXCHANGE-TRADED FD 20,132.0 $3.3M 0.12% -1K -5.0% $163.59 +17.7%
76 COP CONOCOPHILLIPS Energy 24,426.0 $3.2M 0.12% -7K -22.1% $132.00 -8.7%
77 IXUS ISHARES TR 36,266.0 $3.1M 0.12% -2K -6.1% $86.64 +9.6%
78 LGOV FIRST TR EXCHANGE-TRADED FD 143,877.0 $3.1M 0.12% -13K -8.2% $21.57 -2.0%
79 UPS UNITED PARCEL SVCS INC Industrials 30,010.0 $3.0M 0.11% -371.0 -1.2% $98.38 +2.7%
80 DOL WISDOMTREE TR 42,972.0 $2.9M 0.11% -1K -2.5% $67.99 +8.9%
Page 4 of 15  ·  287 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%