Fund Holdings

Cladis Investment Advisory, LLC

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
APPLE INC(AAPL)56,04956,049011,499,67014,271,8828.17%+2,772,212
NVIDIA CORP(NVDA)48,08048,055-257,596,1618,966,1055.13%+1,369,944
QXO INCO(QXO)10,50078,350+67,850226,1701,493,3510.85%+1,267,181
BYRNA TECHNOLOGIES INC037,900+37,9000839,8640.48%+839,864
UNITEDHEALTH GROUP INC(UNH)2,3864,407+2,021744,4181,521,8570.87%+777,439
GE AEROSPACE(GE)17,69317,298-3954,553,9055,203,7292.98%+649,824
TAIWAN SEMICONDUCTOR MFG LTD(TSM)10,00010,300+3002,264,9002,876,6871.65%+611,787
WHEATON PRECIOUS METALS CORP(WPM)05,000+5,0000559,2000.32%+559,200
ALPHABET INC(GOOG)7,3057,30501,295,8341,779,1331.02%+483,299
INTUITIVE SURGICAL INC01,045+1,0450467,3550.27%+467,355
CATERPILLAR INC(CAT)5,0005,00001,941,0282,385,7841.37%+444,756
FTAI AVIATION LTD(FTAI)8,5008,5000977,8401,418,3100.81%+440,470
GE VERNOVA INC(GEV)5,1835,166-172,742,4703,176,4771.82%+434,007
ARM HOLDINGS PLC03,000+3,0000424,4700.24%+424,470
INTEL CORP(INTC)35,10535,505+400786,3621,191,2080.68%+404,846
COINBASE GLOBAL INC(COIN)01,175+1,1750396,5510.23%+396,551
SELECT SECTOR SPDR TR11,69711,807+1102,961,9483,327,8631.90%+365,915
MERCK & CO INC(MRK)10,97114,621+3,650868,4261,227,1430.70%+358,717
UNITED PARCEL SERVICE INC(UPS)19,59227,936+8,3441,977,6652,333,4531.34%+355,788
CLEVELAND-CLIFFS INC NEW(CLF)165,550130,250-35,3001,258,1801,589,0500.91%+330,870
FRANCO NEV CORP(FNV)01,400+1,4000312,0740.18%+312,074
INVESCO QQQ TR5,9265,961+353,269,2103,579,0332.05%+309,823
MICROSOFT CORP(MSFT)10,94011,041+1015,441,8365,718,4403.27%+276,604
HALLIBURTON CO(HAL)010,600+10,6000260,7600.15%+260,760
SOUTHWEST AIRLS CO(LUV)08,000+8,0000255,2800.15%+255,280
ALPHABET INC(GOOG)01,041+1,0410252,9470.14%+252,947
NEWMONT CORP(NEM)10,1009,800-300588,426826,2380.47%+237,812
FIRST INTST BANCSYSTEM INC(FIBK)89,66688,545-1,1212,584,1702,821,9401.61%+237,770
CHEVRON CORP NEW(CVX)4,2705,420+1,150611,421841,6720.48%+230,251
SIMON PPTY GROUP INC NEW(SPG)01,500+1,5000228,3090.13%+228,309
DELTA AIRLINES INC DEL(DAL)04,000+4,0000227,0000.13%+227,000
BROADCOM INC(AVGO)0680+6800224,3390.13%+224,339
DELL TECHNOLOGIES INC(DELL)13,92013,520-4001,706,5921,916,7301.10%+210,138
ADVANCED MICRO DEVICES INC(AMD)11,56511,365-2001,641,0741,838,7431.05%+197,669
JPMORGAN CHASE & CO(JPM)7,3037,30302,117,2132,303,5851.32%+186,372
EVERUS CONSTR GROUP(ECG)18,85216,027-2,8251,197,6761,374,3270.79%+176,651
GLACIER BANCORP INC NEW(GBCI)30,39830,39801,309,5461,479,4710.85%+169,925
VERTIV HOLDINGS CO(VRT)12,50011,700-8001,605,1321,765,0641.01%+159,932
BLACKSTONE INC(BX)7,0007,00001,047,0601,195,9500.68%+148,890
MONTROSE ENVIRONMENTAL GROUP71,25061,900-9,3501,559,6631,699,7740.97%+140,111
ISHARES TR20,25521,145+890830,455968,0180.55%+137,563
VALERO ENERGY CORP(VLO)3,4503,4500463,749587,3970.34%+123,648
SELECT SECTOR SPDR TR13,80314,329+5261,127,1461,249,6260.72%+122,480
JOHNSON & JOHNSON(JNJ)3,6493,6490557,365676,6250.39%+119,260
SELECT SECTOR SPDR TR11,87511,87501,288,7941,405,6440.80%+116,850
CHESAPEAKE UTILS CORP(CPK)8,0008,0000961,7601,077,5200.62%+115,760
PHILLIPS 66(PSX)6,8776,878+1820,482935,5220.54%+115,040
SPDR SER TR8,83010,010+1,180524,414633,6330.36%+109,219
SELECT SECTOR SPDR TR17,57017,895+3251,490,1121,598,7390.91%+108,627
HOME DEPOT INC(HD)2,8152,81501,032,0751,140,6720.65%+108,597
EXXON MOBIL CORP21,53121,534+32,320,9892,427,9021.39%+106,913
GOLDMAN SACHS GROUP INC(GS)1,1551,1550817,451919,7840.53%+102,333
CITIGROUP INC(C)5,9115,9110503,144599,9670.34%+96,823
CUMMINS INC(CMI)1,0001,0000327,500422,3700.24%+94,870
FORD MOTOR CO DEL(F)130,132125,751-4,3811,411,9281,503,9830.86%+92,055
SPDR S&P 500 TRUST ETF TR(SPY)1,8541,85401,145,4941,235,0980.71%+89,604
ALIBABA GROUP HLDG LTD(BABA)2,7002,200-500306,207393,2060.23%+86,999
NEXTERA ENERGY INC(NEE)25,58324,583-1,0001,775,9721,855,7711.06%+79,799
COSTCO WHSL CORP NEW(COST)2,3642,613+2492,340,5252,418,9861.38%+78,461
MICRON TECHNOLOGY INC(MU)1,6251,6250200,299271,9240.16%+71,625
ABBVIE INC(ABBV)1,5581,5580289,196360,7390.21%+71,543
MARATHON PETE CORP(MPC)2,6742,6740444,178515,3870.29%+71,209
SELECT SECTOR SPDR TR33,81134,146+3351,770,6591,839,4631.05%+68,804
ALTRIA GROUP INC(MO)10,21410,064-150598,847664,8280.38%+65,981
PTC THERAPEUTICS INC(PTCT)5,2005,2000253,968319,1240.18%+65,156
DIMENSIONAL ETF TR9,1599,418+259583,542644,7560.37%+61,214
ISHARES TR5,7105,425-285722,372783,2070.45%+60,835
WILLIS TOWERS WATSON PUB LTD CO(WTW)1,5101,5100462,815521,6300.30%+58,815
WALMART INC(WMT)12,03011,981-491,176,3241,234,7360.71%+58,412
BANK AMERICA CORP13,57613,577+1642,416700,4320.40%+58,016
PALANTIR TECHNOLOGIES INC(PLTR)2,3252,025-300316,944369,4010.21%+52,457
MDU RES GROUP INC(MDU)72,66570,666-1,9991,211,3221,258,5610.72%+47,239
VANGUARD WORLD FDS11,88911,88901,513,4701,560,3120.89%+46,842
VANGUARD INDEX FDS1,3101,295-15574,304621,0950.36%+46,791
PEPSICO INC(PEP)5,2925,2920698,756743,2080.43%+44,452
SPDR GOLD TR(GLD)700712+12213,381253,0950.14%+39,714
DIMENSIONAL ETF TR7,0157,0150470,145508,1670.29%+38,022
ISHARES TR9009000257,274288,0360.16%+30,762
VANGUARD INDEX FDS3,0883,0880545,773575,8810.33%+30,108
SELECT SECTOR SPDR TR3,2403,290+50477,965507,4290.29%+29,464
PFIZER INC(PFE)68,68066,452-2,2281,664,7941,693,1850.97%+28,391
AMERICAN ELEC PWR CO INC3,1583,1580327,674355,2750.20%+27,601
BOEING CO(BA)4,0254,035+10843,358870,8740.50%+27,516
CONOCOPHILLIPS(COP)5,5165,517+1495,000521,8120.30%+26,812
FEDEX CORP(FDX)3,0003,0000681,930707,4300.40%+25,500
ISHARES TR1,3001,3000205,088229,8530.13%+24,765
TRIMBLE INC(TRMB)4,0004,0000303,920326,6000.19%+22,680
VANGUARD INDEX FDS1,5901,5900444,930467,0470.27%+22,117
CVS HEALTH CORP(CVS)4,6374,513-124319,855340,2380.19%+20,383
SCHWAB STRATEGIC TR7,5367,5360220,127240,4740.14%+20,347
VANGUARD INDEX FDS8658650246,785266,2990.15%+19,514
DUKE ENERGY CORP(DUK)3,2873,2870387,866406,7660.23%+18,900
VERIZON COMMUNICATIONS INC(VZ)53,34752,930-4172,308,3422,326,2791.33%+17,937
SPDR SER TR2,6622,6620334,880351,9160.20%+17,036
HOWMET AEROSPACE INC(HWM)1,6661,6660310,093326,9190.19%+16,826
SOUTHERN CO(SO)5,1605,1600473,843489,0130.28%+15,170
ARK ETF TR3,2752,775-500230,200239,4830.14%+9,283
METLIFE INC(MET)3,5003,5000281,470288,2950.16%+6,825
MCDONALDS CORP(MCD)2,2632,188-75661,181664,9110.38%+3,730
BERKSHIRE HATHAWAY INC DEL3,3033,198-1051,604,4981,607,7630.92%+3,265
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