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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 39 of 42  ·  829 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
761 CGBL CAPITAL GROUP CORE BALANCED 6,713.0 $231K 0.01% NEW $34.41 +7.9%
762 DX DYNEX CAP INC Real Estate 18,071.0 $231K 0.01% NEW $12.76 -0.3%
763 BBRE J P MORGAN EXCHANGE TRADED F 2,407.0 $230K 0.01% NEW $95.69 +10.5%
764 GPIQ GOLDMAN SACHS ETF TR 4,602.0 $228K 0.01% NEW $49.49 +17.4%
765 PVAL PUTNAM ETF TRUST 4,894.0 $227K 0.01% NEW $46.40 +8.5%
766 HCA HCA HEALTHCARE INC Healthcare 477.0 $226K 0.01% -948.0 -66.5% $473.24 -16.7%
767 JXI ISHARES TR 2,599.0 $224K 0.01% NEW $86.37 -0.7%
768 TLTD FLEXSHARES TR 2,376.0 $223K 0.01% +37.0 +1.6% $93.99 +6.9%
769 AVXL ANAVEX LIFE SCIENCES CORP Healthcare 72,381.0 $222K 0.01% +4K +5.7% $3.07 -12.1%
770 VYMI VANGUARD WHITEHALL FDS 2,357.0 $222K 0.01% +62.0 +2.7% $94.28 +5.8%
771 WTM WHITE MTNS INS GROUP LTD Financial Services 101.0 $222K 0.01% +1.0 +1.0% $2196.96 -2.3%
772 IYK ISHARES TR 3,159.0 $221K 0.01% -1K -27.8% $70.03 +4.1%
773 BROS DUTCH BROS INC Consumer Cyclical 4,365.0 $221K 0.01% +85.0 +2.0% $50.66 +2.9%
774 USHY ISHARES TR 5,994.0 $221K 0.01% -526.0 -8.1% $36.84 +0.4%
775 PFFA ETFIS SER TR I 10,832.0 $221K 0.01% NEW $20.36 +4.2%
776 CVSB MORGAN STANLEY ETF TRUST 4,332.0 $219K 0.01% $50.61 +0.3%
777 GDV GABELLI DIVID & INCOME TR Financial Services 8,055.0 $217K 0.01% $26.93 +8.0%
778 PSCE INVESCO EXCH TRADED FD TR II 3,556.0 $217K 0.01% NEW $60.97 +2.9%
779 VIOO VANGUARD ADMIRAL FDS INC 1,888.0 $217K 0.01% NEW $114.84 +10.6%
780 CENCORA INC 688.0 $216K 0.01% -21.0 -3.0% $314.32
Page 39 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%