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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 26 of 42  ·  829 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
501 FICS FIRST TR EXCHANGE TRADED FD 15,332.0 $599K 0.02% +2K +11.6% $39.04 +5.0%
502 VTEB VANGUARD MUN BD FDS 11,985.0 $598K 0.02% +5K +70.7% $49.89 +0.4%
503 DTE DTE ENERGY CO Utilities 4,067.0 $595K 0.02% -90.0 -2.2% $146.25 -1.1%
504 PPL PPL CORP Utilities 15,482.0 $591K 0.02% +642.0 +4.3% $38.20 -5.5%
505 FN FABRINET Technology 1,134.0 $591K 0.02% NEW $521.52 +30.5%
506 CELH CELSIUS HLDGS INC Consumer Defensive 16,640.0 $590K 0.02% -450.0 -2.6% $35.48 -16.4%
507 FIRST TR EXCHANGE TRADED FD 25,698.0 $590K 0.02% +6K +29.5% $22.95
508 FBT FIRST TR EXCHANGE-TRADED FD 2,920.0 $587K 0.02% NEW $200.87 +6.1%
509 DY DYCOM INDS INC Industrials 1,728.0 $585K 0.02% NEW $338.82 +24.1%
510 INCY INCYTE CORP Healthcare 6,091.0 $573K 0.02% +254.0 +4.3% $94.12 +3.2%
511 VOT VANGUARD INDEX FDS 2,208.0 $568K 0.02% +113.0 +5.4% $257.44 +14.3%
512 CB CHUBB LTD SWITZ Financial Services 1,741.0 $568K 0.02% -182.0 -9.5% $326.08 -0.2%
513 AOR ISHARES TR 8,793.0 $566K 0.02% $64.35 +7.8%
514 FEX FIRST TR EXCHANGE-TRADED ALP 4,630.0 $565K 0.02% $121.94 +10.5%
515 EQAL INVESCO EXCH TRADED FD TR II 10,200.0 $562K 0.02% $55.10 +6.6%
516 DVYE ISHARES INC 16,335.0 $562K 0.02% +5K +40.3% $34.38 +0.5%
517 WM WASTE MGMT INC DEL Industrials 2,417.0 $556K 0.02% +279.0 +13.1% $229.87 -5.2%
518 BSV VANGUARD BD INDEX FDS 7,050.0 $553K 0.02% +535.0 +8.2% $78.41 -0.5%
519 BKNG BOOKING HOLDINGS INC Consumer Cyclical 131.0 $552K 0.02% -24.0 -15.5% $4215.69 -96.1%
520 BKGI BNY MELLON ETF TRUST 12,350.0 $550K 0.02% NEW $44.54 +4.4%
Page 26 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%