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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 3 of 6  ·  108 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 TMSL T ROWE PRICE ETF INC 13,403.0 $491K 0.02% NEW $36.67 +12.1%
42 BLACKROCK ETF TRUST 14,863.0 $486K 0.02% NEW $32.72
43 SHYL DBX ETF TR 10,825.0 $481K 0.02% NEW $44.39 +0.0%
44 FDM FIRST TR EXCHANGE-TRADED FD 5,183.0 $425K 0.02% NEW $82.09 +4.6%
45 CLM CORNERSTONE STRATEGIC INVEST Financial Services 57,496.0 $419K 0.02% NEW $7.28 +3.4%
46 ESLT ELBIT SYS LTD Industrials 486.0 $413K 0.01% NEW $849.09 -10.1%
47 PSCI INVESCO EXCH TRADED FD TR II 2,600.0 $402K 0.01% NEW $154.63 +7.4%
48 PCEF INVESCO EXCH TRADED FD TR II 21,121.0 $398K 0.01% NEW $18.82 +5.7%
49 IMMUNITYBIO INC 51,418.0 $394K 0.01% NEW $7.67
50 VDE VANGUARD WORLD FD 2,157.0 $373K 0.01% NEW $173.04 -3.3%
51 AGX ARGAN INC Industrials 675.0 $368K 0.01% NEW $544.65 +18.4%
52 PSCM INVESCO EXCH TRADED FD TR II 3,698.0 $366K 0.01% NEW $99.05 +1.8%
53 PSCH INVESCO EXCH TRADED FD TR II 8,578.0 $353K 0.01% NEW $41.15 +9.6%
54 FTEC FIDELITY COVINGTON TRUST 1,595.0 $332K 0.01% NEW $208.10 +31.4%
55 SCZ ISHARES TR 4,032.0 $316K 0.01% NEW $78.41 +8.5%
56 PSFD PACER FDS TR 8,616.0 $315K 0.01% NEW $36.50 +7.9%
57 IAGG ISHARES TR 6,236.0 $312K 0.01% NEW $50.04 -0.1%
58 APH AMPHENOL CORP Technology 2,412.0 $305K 0.01% NEW $126.35 -1.2%
59 HPS HANCOCK JOHN PFD INCOME FD I Financial Services 20,706.0 $295K 0.01% NEW $14.24 +1.0%
60 LQTI FIRST TR EXCHANGE-TRADED FD 14,830.0 $290K 0.01% NEW $19.58 -1.7%
Page 3 of 6  ·  108 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%