CLADIS INVESTMENT ADVISORY LLC
Q2 2026 Form 13-F
BILLINGS, MONTANA
CIK 0001911520
· CRD 153873
· SEC-registered investment adviser
$214.0M Reported Value Total
CLADIS INVESTMENT ADVISORY LLC reports 274 total accounts under management (AUM). There are 271 discretionary accounts valued at $241,964,339, and 3 non-discretionary accounts valued at $650,240.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-03-05
Reported value
$214.0M
Quarter over quarter
+16.1%
Holdings
173
Top-10 concentration
29.9%
Key People
Form ADV owners & control persons
Nicholas Richard Cladis
MANAGER & CHIEF COMPLIANCE OFFICER
Tracy Weidler Hawbaker
CHIEF OPERATIONS OFFICER
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Q2 2026 13F record
Q2 2026 13F filing summary
| Period of report | June 30, 2026 |
|---|---|
| Filed | August 13, 2026 |
| Form | 13F-HR |
| Reported value | $214.0M |
| Positions | 173 |
| Change in reported value | +17.7% |
| New positions | 19 |
| Exited positions | 5 |
| Position turnover | 13.5% |
| Top-10 concentration | 29.9% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 13, 2026
|
173 | $214.0M |
|
Q1 2026 13F
Filed May 15, 2026
|
159 | $181.7M |
|
Q4 2025 13F
Filed Feb 13, 2026
|
154 | $182.7M |
|
Q3 2025 13F
Filed Nov 13, 2025
|
145 | $174.7M |
|
Q2 2025 13F
Filed Aug 11, 2025
|
147 | $159.6M |
|
Q1 2025 13F
Filed May 13, 2025
|
137 | $138.2M |
|
Q4 2024 13F
Filed Feb 14, 2025
|
131 | $141.0M |
|
Q3 2024 13F
Filed Nov 14, 2024
|
135 | $144.3M |
|
Q2 2024 13F
Filed Aug 14, 2024
|
136 | $137.9M |
|
Q1 2024 13F
Filed May 13, 2024
|
138 | $136.3M |
|
Q4 2023 13F
Filed Feb 14, 2024
|
143 | $127.2M |
|
Q3 2023 13F
Filed Nov 13, 2023
|
134 | $114.2M |
|
Q2 2023 13F
Filed Aug 11, 2023
|
136 | $115.1M |
|
Q1 2023 13F
Filed May 15, 2023
|
139 | $111.3M |
|
Q4 2022 13F
Filed Feb 14, 2023
|
132 | $100.5M |
|
Q3 2022 13F
Filed Nov 18, 2022
|
125 | $92.4M |
|
Q2 2022 13F
Filed Aug 9, 2022
|
131 | $100.1M |
|
Q1 2022 13F
Filed May 10, 2022
|
148 | $123.5M |
|
Q4 2021 13F
Filed May 10, 2022
|
146 | $124.7M |
Top 20 holdings · Q2 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | AAPL APPLE INC | $15.3M | 7.16% |
| 2 | NVDA NVIDIA CORP | $9.4M | 4.42% |
| 3 | GEV GE VERNOVA INC | $5.7M | 2.65% |
| 4 | GE GE AEROSPACE | $5.6M | 2.61% |
| 5 | AMZN AMAZON COM INC | $5.1M | 2.38% |
| 6 | LLY LILLY ELI & CO | $5.0M | 2.32% |
| 7 | TSM TAIWAN SEMICONDUCTOR MFG LTD | $4.9M | 2.3% |
| 8 | MSFT MICROSOFT CORP | $4.4M | 2.08% |
| 9 | QQQ INVESCO QQQ TR | $4.4M | 2.06% |
| 10 | CAT CATERPILLAR INC | $4.2M | 1.96% |
| 11 | XLK SELECT SECTOR SPDR TR | $4.1M | 1.92% |
| 12 | AMD ADVANCED MICRO DEVICES INC | $4.1M | 1.92% |
| 13 | FIBK FIRST INTST BANCSYSTEM INC | $3.2M | 1.51% |
| 14 | IBM INTERNATIONAL BUSINESS MACHS | $3.1M | 1.46% |
| 15 | COST COSTCO WHSL CORP NEW | $3.0M | 1.4% |
| 16 | XOM EXXON MOBIL CORP | $2.9M | 1.35% |
| 17 | ORCL ORACLE CORP | $2.6M | 1.23% |
| 18 | VRT VERTIV HOLDINGS CO | $2.6M | 1.19% |
| 19 | INTC INTEL CORP | $2.5M | 1.16% |
| 20 | JPM JPMORGAN CHASE & CO | $2.4M | 1.1% |
Values as reported on the Q2 2026 Form 13F. Every position is in the holdings table below.