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Portfolio (Quarterly) Guide ↗

Citadel Investment Advisory, Inc.

· CIK 0001811907
13F Portfolio $220M AUM 76 positions Filed Jul 23, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q1 2026 · All 2 Added 9 Reduced 2 Exited
Page 1 of 4  ·  76 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 Beckshire Hathaway 104,793.0 $52.4M 23.81% $500.38
2 MKL Markel Corp Financial Services 15,242.0 $29.8M 13.52% $1953.02 -8.0%
3 GOOGL Alphabet Inc. Class A Communication Services 46,669.0 $16.7M 7.57% $357.37 -6.3%
4 GOOG Alphabet Inc. Class C 27,430.0 $9.7M 4.40% -300.0 -1.1% $353.34
5 Imperial Metals Corp 1,732,813.0 $7.6M 3.45% $4.38
6 PM Philip Morris Intl Consumer Defensive 39,030.0 $7.1M 3.21% $180.91 +3.4%
7 JNJ Johnson & Johnson Healthcare 23,054.0 $5.9M 2.66% $253.97 +6.8%
8 MSFT Microsoft Corp Technology 14,568.0 $5.4M 2.47% $373.01 +34.3%
9 RTX Raytheon Technologies Corp Industrials 27,943.0 $5.3M 2.41% $189.74 +8.1%
10 IBM IBM Corp Technology 16,875.0 $4.7M 2.15% $281.19 -17.7%
11 ABBV Abbvie Inc Healthcare 17,848.0 $4.5M 2.04% $251.62 +3.3%
12 GS Goldman Sachs Group Inc. Financial Services 4,100.0 $4.1M 1.88% $1011.46 -0.9%
13 MCO Moodys Corp Financial Services 7,427.0 $3.4M 1.53% $452.94 +9.3%
14 ORCL Oracle Corp Technology 22,366.0 $3.3M 1.49% $146.56 -3.6%
15 KO Coca Cola Co Consumer Defensive 38,403.0 $3.1M 1.42% $81.27 +8.3%
16 GD General Dynamics Corp Industrials 8,291.0 $2.9M 1.33% $354.24 +4.3%
17 MCD McDonald's Consumer Cyclical 10,274.0 $2.8M 1.26% $270.29 -3.4%
18 JPM JPMorgan Chase & Co Financial Services 8,422.0 $2.8M 1.25% $327.36 +8.4%
19 BKNG Booking Holdings Inc Consumer Cyclical 14,325.0 $2.6M 1.16% +14K +2400.0% $178.22 +9.8%
20 AMG Affiliated Managers Financial Services 6,452.0 $2.2M 0.99% $338.34 +6.6%
Page 1 of 4  ·  76 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
Financial Services 37.3%
Communication Services 14.9%
Healthcare 11.3%
Consumer Defensive 10.7%
Technology 9.8%
Industrials 9.6%
Consumer Cyclical 6.3%