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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 18 of 18  ·  357 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
341 SCHF SCHWAB STRATEGIC TR 10,524.0 $260K 0.01% +857.0 +8.9% $24.75 +10.5%
342 DINT DAVIS FUNDAMENTAL ETF TR 9,635.0 $259K 0.01% +513.0 +5.6% $26.91 +8.2%
343 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 8,094.0 $259K 0.01% +475.0 +6.2% $32.01 +2.5%
344 EMBX VANECK FDS 5,116.0 $256K 0.01% +43.0 +0.8% $50.11 +1.9%
345 WBD WARNER BROS DISCOVERY INC Communication Services 8,731.0 $240K 0.01% +324.0 +3.9% $27.46 -0.2%
346 IWY ISHARES TR 961.0 $239K 0.01% +19.0 +2.0% $248.91 +17.6%
347 SYLD CAMBRIA ETF TR 3,159.0 $238K 0.01% +222.0 +7.6% $75.41 +3.8%
348 RCAT RED CAT HLDGS INC Technology 18,043.0 $236K 0.01% +8K +71.8% $13.09 -31.7%
349 TLTD FLEXSHARES TR 2,376.0 $223K 0.01% +37.0 +1.6% $93.99 +7.1%
350 AVXL ANAVEX LIFE SCIENCES CORP Healthcare 72,381.0 $222K 0.01% +4K +5.7% $3.07 -11.7%
351 VYMI VANGUARD WHITEHALL FDS 2,357.0 $222K 0.01% +62.0 +2.7% $94.28 +6.2%
352 WTM WHITE MTNS INS GROUP LTD Financial Services 101.0 $222K 0.01% +1.0 +1.0% $2196.96 -2.4%
353 BROS DUTCH BROS INC Consumer Cyclical 4,365.0 $221K 0.01% +85.0 +2.0% $50.66 +5.5%
354 HBAN HUNTINGTON BANCSHARES INC Financial Services 12,612.0 $197K 0.01% +638.0 +5.3% $15.65 +1.3%
355 SPSK TIDAL TRUST I 10,940.0 $196K 0.01% +478.0 +4.6% $17.90 +0.4%
356 CHMI CHERRY HILL MTG INVT CORP Real Estate 51,810.0 $130K 0.01% +39K +309.6% $2.50 -2.0%
357 GOSS GOSSAMER BIO INC Healthcare 24,955.0 $8K +11K +76.1% $0.33 -38.8%
Page 18 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%