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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 4 of 4  ·  76 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 ESAB ESAB Corp Industrials 3,038.0 $300K 0.14% -99.0 -3.2% $98.75 -25.0%
62 CI Cigna Corp Healthcare 1,081.0 $298K 0.14% $275.67 +2.7%
63 T ATT Communication Services 14,077.0 $291K 0.13% $20.67 +25.8%
64 MDLZ Mondelez Intl Inc Consumer Defensive 4,376.0 $253K 0.12% $57.82 +6.6%
65 FCN FTI Consulting, Inc. Industrials 1,670.0 $249K 0.11% $149.10 +1.5%
66 KDP Keurig Dr. Pepper Consumer Defensive 7,145.0 $234K 0.11% -300.0 -4.0% $32.75 -2.6%
67 Sirius XM Holdings 7,396.0 $218K 0.10% $29.48
68 WTW Willis Tower Watson Financial Services 817.0 $214K 0.10% $261.93 +27.7%
69 WTM White Mountains Financial Services 100.0 $207K 0.09% $2070.00 +1.4%
70 PNFP Pinnacle Financial Partners Financial Services 1,909.0 $193K 0.09% $101.10 -4.0%
71 Brown Forman 6,804.0 $181K 0.08% $26.60
72 COF Capital One Financial Services 950.0 $173K 0.08% $182.11 +16.1%
73 FISV Fiserv Inc Technology 3,369.0 $165K 0.07% -30.0 -0.9% $48.98 +5.5%
74 LBRDK Liberty Broadband cl C Communication Services 3,324.0 $111K 0.05% $33.39 +7.9%
75 LBTYK Liberty Global cl C 7,820.0 $86K 0.04% $11.00
76 LBTYA Liberty Global cl A Communication Services 4,414.0 $50K 0.02% -1K -21.9% $11.33 -7.0%
Page 4 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%