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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 2 of 18  ·  357 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 SPMB SPDR SERIES TRUST 822,025.0 $18.4M 0.68% +671K +444.2% $22.39 -1.3%
22 AVGO BROADCOM INC Technology 58,071.0 $18.0M 0.67% +2K +4.2% $309.51 +33.9%
23 RSP INVESCO EXCHANGE TRADED FD T 92,821.0 $17.8M 0.66% +20K +27.0% $191.92 +6.7%
24 RECS COLUMBIA ETF TR I 455,633.0 $17.8M 0.66% +34K +7.9% $38.98 +10.4%
25 SPMD SPDR SERIES TRUST 286,365.0 $17.0M 0.63% +8K +2.7% $59.22 +7.9%
26 FBND FIDELITY MERRIMACK STR TR 355,628.0 $16.2M 0.60% +158K +79.8% $45.62 -0.6%
27 QUAL ISHARES TR 82,597.0 $15.8M 0.59% +12K +17.2% $191.81 +10.9%
28 BIL SPDR SERIES TRUST 171,742.0 $15.7M 0.58% +138K +404.2% $91.64 -0.1%
29 VTV VANGUARD INDEX FDS 75,346.0 $14.8M 0.55% +29K +63.0% $196.20 +6.5%
30 CVX CHEVRON CORPORATION Energy 56,314.0 $11.7M 0.43% +1K +2.3% $206.90 -7.7%
31 MRK MERCK & CO INC Healthcare 84,536.0 $10.2M 0.38% +2K +2.1% $120.29 -3.7%
32 VTI VANGUARD INDEX FDS 31,223.0 $10.0M 0.37% +1K +4.2% $320.82 +13.8%
33 SPSM SPDR SERIES TRUST 203,636.0 $9.8M 0.36% +5K +2.6% $48.32 +9.7%
34 XLK SELECT SECTOR SPDR TR 70,860.0 $9.4M 0.35% +19K +37.2% $132.90 +34.4%
35 TE T1 ENERGY INC Industrials 2,059,736.0 $9.0M 0.34% +267K +14.9% $4.39 +98.2%
36 CRWD CROWDSTRIKE HLDGS INC Technology 21,950.0 $8.6M 0.32% +8K +57.7% $390.42 +66.0%
37 VO VANGUARD INDEX FDS 29,711.0 $8.5M 0.32% +789.0 +2.7% $287.18 -73.0%
38 IWM ISHARES TR 34,173.0 $8.5M 0.31% +6K +21.4% $248.00 +13.9%
39 DIA STATE STR SPDR DOW JONES IND Financial Services 17,725.0 $8.2M 0.30% +435.0 +2.5% $463.21 +8.6%
40 XLF SELECT SECTOR SPDR TR 165,786.0 $8.2M 0.30% +36K +27.5% $49.37 +4.8%
Page 2 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%