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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 12 of 42  ·  829 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
221 TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 7,674.0 $2.6M 0.10% -3K -25.9% $337.99 +19.7%
222 FTCS FIRST TR EXCHANGE-TRADED FD 27,889.0 $2.6M 0.10% -1K -4.2% $92.76 +1.9%
223 EVTR MORGAN STANLEY ETF TRUST 50,821.0 $2.6M 0.10% +4K +8.2% $50.75 -0.3%
224 UNH UNITEDHEALTH GROUP INC Healthcare 9,474.0 $2.6M 0.10% -193.0 -2.0% $270.59 +43.6%
225 VBK VANGUARD INDEX FDS 8,422.0 $2.5M 0.09% -606.0 -6.7% $302.28 +14.8%
226 ADI ANALOG DEVICES INC Technology 7,841.0 $2.5M 0.09% -1K -11.9% $318.14 +24.8%
227 IDMO INVESCO EXCH TRADED FD TR II 45,456.0 $2.5M 0.09% -2K -4.8% $54.84 +9.0%
228 CRM SALESFORCE INC Technology 13,340.0 $2.5M 0.09% -837.0 -5.9% $186.68 -3.5%
229 RDVI FIRST TR EXCHANGE-TRADED FD 97,299.0 $2.5M 0.09% +53K +120.1% $25.55 +7.4%
230 JSI JANUS DETROIT STR TR 48,215.0 $2.5M 0.09% -4K -8.1% $51.55 -0.2%
231 T AT&T INC Communication Services 85,661.0 $2.5M 0.09% +799.0 +0.9% $28.99 -12.9%
232 ALL ALLSTATE CORP Financial Services 11,743.0 $2.4M 0.09% +5K +80.3% $207.35 +4.5%
233 JAAA JANUS DETROIT STR TR 47,965.0 $2.4M 0.09% -11K -18.8% $50.37 +0.6%
234 AMGN AMGEN INC Healthcare 6,863.0 $2.4M 0.09% -348.0 -4.8% $351.88 -3.6%
235 WSM WILLIAMS SONOMA INC Consumer Cyclical 13,231.0 $2.4M 0.09% -3K -16.7% $182.33 +5.6%
236 PANW PALO ALTO NETWORKS INC Technology 15,022.0 $2.4M 0.09% -21K -58.4% $160.32 +62.5%
237 TUA SIMPLIFY EXCHANGE TRADED FUN 112,466.0 $2.4M 0.09% -10K -8.5% $21.10 -2.8%
238 SPHY SPDR SERIES TRUST 101,563.0 $2.4M 0.09% +23K +29.3% $23.32 +0.4%
239 CEG CONSTELLATION ENERGY CORP Utilities 8,455.0 $2.4M 0.09% +5K +156.0% $279.28 +5.3%
240 SPTS SPDR SERIES TRUST 80,786.0 $2.4M 0.09% -14K -14.5% $29.18 -0.6%
Page 12 of 42  ·  829 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%