Gladstone Institutional Advisory LLC

Registered adviser

CIK

1766530

Location

Bedminster, NJ

Portfolio Value

Mid $3,158,424,522

Diversification

Diversified

Filing Date

Global Rank

#1,209 / 8,818 ▲ 34

Top Industry

Semiconductors 14.2%

Period ended 4 months ago

Filed Jul 27, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 250787

Roster of Oct 1, 2026

Regulatory AUM

$5,683,810,586

Main clients

Individuals and high net worth (99% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$5,683,810,586	Individuals and high net worth (99%)
Apr 2025 to Mar 2026	$4,943,971,956	Individuals and high net worth (99%)
Apr 2024 to Mar 2025	$4,003,875,594	Individuals and high net worth (99%)
May 2023 to Mar 2024	$3,538,625,432	Individuals and high net worth (99%)
Apr 2023	$3,538,625,432	Individuals and high net worth (99%)
May 2022 to Mar 2023	$4,006,257,615	Individuals and high net worth (99%)

4 earlier changes not shown.

Stated strategy

Fixed income / rates, Wealth management / planning Form ADV Part 2A, Aug 10, 2026 · original

In the firm's words

Fixed income / rates: Representatives and third-party portfolio managers invest in many different types of securities, including mutual funds, ETPs, listed and non-listed equities, investment-grade and non-investment grade fixed income, closed end funds, options, annuities, and alternative investments.
Wealth management / planning: Ultimately, Gladstone’s representatives are responsible for conducting additional screenings and analysis to identify products, investment strategies, and third-party portfolio managers that are suitable for a particular client’s financial circumstances, investment guidelines, and individual preferences.

Stated strategy

Wealth management / planning, Fixed income / rates Form ADV Part 2A, Mar 31, 2026 · original

In the firm's words

Wealth management / planning: Your representative, working together with you, provides personalized and individualized investment advice
Fixed income / rates: Representatives and third-party portfolio managers invest in many different types of securities, including mutual funds, ETPs, listed and non-listed equities, investment-grade and non-investment grade fixed income, closed end funds, options, annuities, and alternative investments.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 42.2%, 28.6 effective positions, active share 57.3% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

21.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 19.0 quarters (12+), a floor since 42.4% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 57.3%; sector active share 51.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

890 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

13.5%

+0.7 pts

Top 5

32.3%

+0.6 pts

Top 10

42.2%

+0.4 pts

HHI

350

Diversified+9

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	63.9%	$2,018,470,844	512
Technology	12.3%	$388,797,492	67
Financial Services	6.0%	$190,329,599	94
Industrials	4.4%	$138,770,367	53
Healthcare	3.1%	$98,589,667	45
Consumer Cyclical	3.1%	$96,797,419	24
Communication Services	2.9%	$90,116,774	12
Consumer Defensive	1.6%	$49,867,916	21
Energy	1.6%	$49,308,268	21
Utilities	0.5%	$16,096,045	20
Real Estate	0.4%	$11,287,469	6
Basic Materials	0.3%	$9,992,662	15

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BUFR	FT Vest Laddered Buffer ETF	+531,158	2,099,250	$76,685,602
PCT	PureCycle Technologies, Inc.	+285,934	3,598,437	$29,183,324
SPTI	State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF	+176,465	1,802,308	$51,167,524
VUG	VANGUARD GROWTH INDEX FUND	+161,694	193,222	$16,644,143
GOVI	Invesco Equal Weight 0-30 Year Treasury ETF	+120,731	153,921	$4,178,955
—		+115,277	143,326	$3,928,565
GSY	Invesco Ultra Short Duration ETF	+113,401	581,585	$29,166,487
VO	VANGUARD MID-CAP INDEX FUND	+90,870	120,581	$9,715,211
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+77,773	88,809	$10,614,451
RECS	Columbia Research Enhanced Core ETF	+76,664	532,297	$23,037,814
SPMB	State Street(R) SPDR(R) Portfolio Mortgage Backed Bond ETF	+63,008	885,033	$19,745,086
CNEQ	Alger Concentrated Equity ETF	+55,210	113,744	$4,694,214
SPIB	State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF	+47,180	617,222	$20,652,248
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	+46,690	333,055	$22,501,195
TE	T1 Energy Inc.	+44,620	2,104,356	$19,949,294
IWF	iShares Russell 1000 Growth ETF	+44,217	58,453	$7,258,109
RSPT	Victory Portfolios II	+39,256	51,236	$3,304,722
VOOG	VANGUARD S&P 500 GROWTH INDEX FUND	+37,115	44,162	$3,648,664
ET	Energy Transfer LP	+31,802	114,168	$2,182,888
SCHV	Schwab U.S. Large-Cap Value ETF	+30,358	286,956	$9,988,938
IJH	iShares Core S&P Mid-Cap ETF	+28,694	463,953	$35,775,415
SCHG	Schwab U.S. Large-Cap Growth ETF	+27,743	177,273	$5,998,918
JHMB	John Hancock Mortgage-Backed Securities ETF	+24,823	153,869	$3,376,655
WRBY	Warby Parker Inc.	+24,553	60,303	$1,829,593
MGK	VANGUARD MEGA CAP GROWTH INDEX FUND	+22,507	27,841	$2,447,502
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	−86,731	590,728	$35,910,355
FBND	Fidelity Total Bond ETF	−75,200	280,428	$12,756,669
CAN	Canaan Inc.	−55,000	52,250	$14,995
AVXL	Anavex Life Sciences Corp.	−54,710	17,671	$45,767
USFR	WisdomTree Floating Rate Treasury Fund	−45,805	492,844	$24,814,695
ZALT		−40,390	90,064	$3,050,467
JPST	JPMorgan Ultra-Short Income ETF	−33,656	49,282	$2,492,190
PINK	Simplify Health Care ETF	−31,066	315,941	$12,369,090
LGOV	First Trust Long Duration Opportunities ETF	−30,088	113,789	$2,435,084
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	−27,852	70,551	$3,746,963
XLF	State Street Corp	−25,344	140,442	$7,529,095
PLTR	Palantir Technologies Inc.	−21,962	39,108	$4,562,730
—		−19,350	152,392	$13,965,202
PFE	Pfizer Inc	−15,786	78,104	$1,880,744
DNP	Dnp Select Income Fund Inc	−15,231	320,063	$3,453,479
CIFR	Cipher Digital Inc.	−14,704	32,141	$787,454
ETV	Eaton Vance Tax-Managed Buy-Write Opportunities Fund	−14,493	29,630	$440,894
HELE	Helen Of Troy Ltd	−14,044	78,189	$2,272,954
UJAN		−13,150	11,950	$541,717
USRT	iShares Core U.S. REIT ETF	−12,560	12,624	$838,864
TUA	Simplify Short Term Treasury Futures Strategy ETF	−12,194	100,272	$2,048,055
XLG	Victory Portfolios II	−11,710	276,809	$16,949,015
CSHI	NEOS Enhanced Income 1-3 Month T-Bill ETF	−11,097	66,484	$3,311,568
NWL	Newell Brands Inc.	−10,525	149,202	$916,100
CLM	Cornerstone Strategic Investment Fund, Inc.	−8,415	49,081	$371,052
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
BALT		95,898	$3,286,424
SQMX	FT Vest U.S. Equity Quarterly Max Buffer ETF	78,845	$2,697,287
CAGE	Calamos ETF Trust	92,387	$2,560,043
SHAZ	SharonAI Holdings Inc.	26,980	$2,284,126
FSMD	Fidelity Small-Mid Multifactor ETF	37,294	$1,970,987
SNDK	Sandisk Corp	764	$1,737,129
—		146,416	$1,559,330
USA	Liberty All Star Equity Fund	193,049	$1,121,614
BCAR	D. Boral ARC Acquisition I Corp.	103,995	$1,084,668
SPCX	Space Exploration Technologies Corp	6,259	$1,069,412
CNC	Centene Corp	15,657	$1,005,022
BE	Bloom Energy Corp	3,151	$953,807
XOVR	EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF	40,404	$850,504
IWV	iShares Russell 3000 ETF	1,905	$812,292
RSPN	Victory Portfolios II	11,663	$746,432
NBIS	Nebius Group N.V.	2,619	$723,289
GPCR	Structure Therapeutics Inc.	13,275	$712,469
HONA	Honeywell Aerospace Inc.	3,183	$703,697
RSPU	Victory Portfolios II	6,924	$561,744
SFD	Smithfield Foods Inc	22,221	$539,081
SNEX	StoneX Group Inc.	4,502	$533,487
SYF	Synchrony Financial	6,981	$530,905
NUAI	New ERA Energy & Digital, Inc.	82,650	$527,307
DPZ	Dominos Pizza Inc	1,722	$509,780
CSTM	Constellium SE	15,592	$496,917
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
AEM	Agnico Eagle Mines Ltd	25,823	$5,241,552
SIXJ	AllianzIM U.S. Equity 6 Month Buffer10 Jan/Jul ETF	38,758	$1,303,819
NKE	NIKE, Inc.	19,185	$1,013,351
BTQ	BTQ Technologies Corp.	269,900	$720,633
CCL	Carnival Corp Ltd.	23,797	$615,866
INCY	Incyte Corp	6,091	$573,284
IVZ	Invesco Ltd.	20,353	$494,374
WLDN	Willdan Group, Inc.	5,603	$428,965
ESLT	Elbit Systems Ltd	486	$412,657
WULF	Terawulf Inc.	26,005	$375,252
TOTL	State Street(R) DoubleLine(R) Total Return Tactical ETF	9,147	$363,410
FTEC	Fidelity MSCI Information Technology Index ETF	1,595	$331,839
NXH	Neighborhood Intelligence, Inc.	68,105	$316,007
SRPT	Sarepta Therapeutics, Inc.	13,885	$302,137
VFC	V F Corp	17,235	$292,822
OXY	Occidental Petroleum Corp	4,324	$281,060
LSAF		6,103	$280,127
BIDU	Baidu, Inc.	2,489	$277,324
XRAY	DENTSPLY SIRONA Inc.	22,991	$266,695
VLUE	iShares MSCI USA Value Factor ETF	1,751	$248,974
DOW	Dow Inc.	5,871	$244,527
ALB	Albemarle Corp	1,336	$239,852
SYLD	Cambria Shareholder Yield ETF	3,159	$238,220
DX	Dynex Capital Inc	18,071	$230,585
HCA	HCA Healthcare, Inc.	477	$225,735
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

890 tracked positions · $3,158,424,522 total · filing declares 892 positions · $3,162,894,032 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 890 positions by value · page 1 of 18

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
NVDA	Nvidia Corp Technology	Added	423,416	+7,498	$84,721,307	+16.8%	26+	before history	2.68%
IVV	iShares Core S&P 500 ETF	Added	111,015	+6,549	$83,138,023	+21.8%	26+	before history	2.63%
AAPL	Apple Inc. Technology	Added	283,794	+6,955	$82,118,631	+16.9%	26+	before history	2.60%
BUFR	FT Vest Laddered Buffer ETF	Added	2,099,250	+531,158	$76,685,602	+44.8%	12	unpriced	2.43%
VOO	VANGUARD 500 INDEX FUND	Added	97,638	+2,408	$67,058,754	+17.8%	26+	before history	2.12%
SPY	Spdr S&P 500 ETF Trust	Reduced	73,288	-703	$54,729,279	+13.7%	26+	before history	1.73%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Added	594,395	+663	$52,235,432	+14.9%	19	unpriced	1.65%
SPTI	State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF	Added	1,802,308	+176,465	$51,167,524	+9.8%	10	$28.74	1.62%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	200,317	-3,016	$47,743,553	+12.7%	26+	before history	1.51%
IVW	iShares S&P 500 Growth ETF	Added	332,038	+9,047	$45,665,186	+25.0%	26+	before history	1.45%
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	Added	356,590	+10,425	$42,430,644	+25.2%	16	unpriced	1.34%
RDVY	First Trust Rising Dividend Achievers ETF	Added	520,450	+14,845	$42,187,677	+22.2%	22	$58.99	1.34%
MSFT	Microsoft Corp Technology	Added	102,748	+1,906	$38,327,058	+2.7%	26+	before history	1.21%
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	Reduced	590,728	-86,731	$35,910,355	−6.3%	22	unpriced	1.14%
IJH	iShares Core S&P Mid-Cap ETF	Added	463,953	+28,694	$35,775,415	+21.7%	26+	before history	1.13%
GOOGL	Alphabet Inc. Communication Services	Added	94,003	+1,615	$33,593,852	+26.4%	26+	before history	1.06%
IJR	iShares Core S&P Small-Cap ETF	Added	220,151	+2,908	$32,650,594	+20.9%	26+	before history	1.03%
PCT	PureCycle Technologies, Inc. Industrials	Added	3,598,437	+285,934	$29,183,324	+69.8%	14	$6.95	0.92%
GSY	Invesco Ultra Short Duration ETF	Added	581,585	+113,401	$29,166,487	+24.3%	14	$49.86	0.92%
QQQM	Invesco Ltd. Financial Services	Added	95,124	+1,342	$28,819,718	+29.3%	15	$166.10	0.91%
GSLC	Goldman Sachs ActiveBeta(R) U.S. Large Cap Equity ETF	Added	182,380	+1,009	$25,877,898	+14.0%	26+	before history	0.82%
USFR	WisdomTree Floating Rate Treasury Fund	Reduced	492,844	-45,805	$24,814,695	−8.5%	20	unpriced	0.79%
QQQ	Invesco Qqq Trust, Series 1	Added	33,627	+1,205	$24,762,922	+32.3%	26+	before history	0.78%
JPM	Jpmorgan Chase & Co Financial Services	Added	72,888	+392	$23,858,429	+11.9%	26+	before history	0.76%
LLY	ELI LILLY & Co Healthcare	Added	19,736	+1,037	$23,671,952	+37.6%	22	$557.57	0.75%
VIG	Vanguard Specialized Funds	Added	97,990	+3,727	$23,186,393	+14.4%	26+	before history	0.73%
RECS	Columbia Research Enhanced Core ETF	Added	532,297	+76,664	$23,037,814	+29.7%	12	$31.45	0.73%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	773,669	-5,189	$22,769,078	+14.0%	19	unpriced	0.72%
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	Added	333,055	+46,690	$22,501,195	+32.7%	18	unpriced	0.71%
IEFA	iShares Core MSCI EAFE ETF	Added	230,889	+6,397	$22,299,259	+9.7%	26+	before history	0.71%
AVGO	Broadcom Inc. Technology	Reduced	57,512	-559	$21,725,158	+20.9%	22	unpriced	0.69%
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	Reduced	312,508	-7,089	$21,419,298	+11.5%	14	$51.44	0.68%
SPIB	State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF	Added	617,222	+47,180	$20,652,248	+8.0%	10	$33.58	0.65%
TE	T1 Energy Inc. Industrials	Added	2,104,356	+44,620	$19,949,294	+120.6%	3	$4.84	0.63%
SPMB	State Street(R) SPDR(R) Portfolio Mortgage Backed Bond ETF	Added	885,033	+63,008	$19,745,086	+7.3%	10	$22.38	0.63%
TSLA	Tesla, Inc. Consumer Cyclical	Added	46,910	+60	$19,730,346	+13.3%	26+	before history	0.62%
GOOG	Alphabet Inc. Communication Services	Added	55,828	+497	$19,725,707	+24.3%	26+	before history	0.62%
META	Meta Platforms, Inc. Communication Services	Reduced	34,262	-4,526	$19,299,441	−13.0%	26+	before history	0.61%
QUAL	iShares MSCI USA Quality Factor ETF	Added	87,335	+4,738	$19,163,919	+21.0%	22	unpriced	0.61%
RSP	Victory Portfolios II	Reduced	86,748	-6,073	$18,457,371	+3.6%	21	$161.87	0.58%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	35,506	-349	$17,766,847	+3.4%	26+	before history	0.56%
VTV	VANGUARD VALUE INDEX FUND	Added	79,155	+3,809	$17,250,249	+16.7%	26+	before history	0.55%
XLG	Victory Portfolios II	Reduced	276,809	-11,710	$16,949,015	+7.7%	9	$48.49	0.54%
VUG	VANGUARD GROWTH INDEX FUND	Added	193,222	+161,694	$16,644,143	+20.9%	26+	before history	0.53%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	Added	86,525	+15,665	$16,484,743	+75.0%	26+	before history	0.52%
GLD	Spdr Gold Trust	Added	42,933	+163	$15,815,658	−14.1%	26+	before history	0.50%
XOM	ExxonMobil Holdings Corp Energy	Reduced	113,014	-6,163	$15,451,274	−23.6%	26+	before history	0.49%
AMD	Advanced Micro Devices Inc Technology	Reduced	26,203	-5,067	$15,221,584	+139.3%	24	$119.69	0.48%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	40,537	+9,314	$15,000,311	+49.8%	26+	before history	0.47%
MU	Micron Technology Inc Technology	Added	12,469	+2,928	$14,392,842	+346.5%	11	$310.84	0.46%

Showing the top 50 of 890 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.