GIA

Gladstone Institutional Advisory Portfolio holdings

AUM $2.15B

This Quarter Return

-2.64%

1 Year Return

+9.17%

3 Year Return

+31.67%

5 Year Return

+121.81%

10 Year Return

–

AUM

$2.15B

AUM Growth

-$10.3M (-0.5%)

Cap. Flow

+$74M

Cap. Flow % of AUM

3.45%

Top 10 Holdings %Top 10 Hldgs %

20.87%

Holding

760

New

Increased

309

Reduced

318

Closed

Top Buys

1	FEBU AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF FEBU	$8.62M
2	Invesco S&P 500 Top 50 ETF XLG	$5.84M
3	SPDR Portfolio S&P 500 Value ETF SPYV	$5.29M
4	Union Pacific UNP	$4.9M
5	FT Vest Fund of Buffer ETFs BUFR	$4.4M

Top Sells

1	Chubb CB	$3.29M
2	First Trust Mid Cap Value AlphaDEX Fund FNK	$3.16M
3	First Trust Water ETF FIW	$3.12M
4	iShares Morningstar US Equity ETF ILCB	$3.12M
5	Nasdaq NDAQ	$2.94M

Sector Composition

1	Technology	10.87%
2	Financials	4.77%
3	Industrials	4.03%
4	Healthcare	3.76%
5	Consumer Discretionary	3.69%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
26	26 Schwab US Large- Cap ETF SCHX $56.9B	$16.1M	0.75%	731,196 -30,534	-4%	-$674K
27	27 Vanguard Dividend Appreciation ETF VIG $92.9B	$15.7M	0.73%	81,186 +1,121	+1%	+$217K
28	28 iShares Core MSCI EAFE ETF IEFA $141B	$14.8M	0.69%	195,991 +24,907	+15%	+$1.88M
29	29 Invesco S&P 500 Equal Weight ETF RSP $73.9B	$14.6M	0.68%	84,088 -367	-0.4%	-$63.6K
30	30 Eli Lilly LLY $712B	$14.3M	0.67%	17,347 +1,290	+8%	+$1.07M
31	31 Technology Select Sector SPDR Fund XLK $82.4B	$14.1M	0.66%	68,478 +12,904	+23%	+$2.66M
32	32 Columbia Research Enhanced Core ETF RECS $3.1B	$13.3M	0.62%	400,469 +14,499	+4%	+$482K
33	33 Exxon Mobil XOM $497B	$13M	0.61%	109,247 +6,482	+6%	+$771K
34	34 Tesla TSLA $1.01T	$12.7M	0.59%	48,939 -2,542	-5%	-$659K
35	35 Alphabet (Google) Class A GOOGL $2.19T	$12.2M	0.57%	79,147 -14,972	-16%	-$2.32M
36	36 First Trust Rising Dividend Achievers ETF RDVY $15.2B	$12M	0.56%	205,395 -18,618	-8%	-$1.09M
37	37 Invesco Russell 1000 Dynamic Multifactor ETF OMFL $4.95B	$12M	0.56%	224,621 +44,503	+25%	+$2.37M
38	38 SPDR Gold Trust GLD $102B	$11.8M	0.55%	41,004 +4,620	+13%	+$1.33M
39	39 iShares 20+ Year Treasury Bond ETF TLT $46.8B	$11.7M	0.54%	128,027 +4,362	+4%	+$397K
40	40 First Trust Enhanced Short Maturity ETF FTSM $6.35B	$11.6M	0.54%	194,356 -673	-0.4%	-$40.3K
41	41 Vanguard Growth ETF VUG $179B	$11.2M	0.52%	30,160 +3,379	+13%	+$1.25M
42	42 iShares MSCI USA Quality Factor ETF QUAL $53.1B	$10.7M	0.5%	62,377 +582	+0.9%	+$99.5K
43	43 Financial Select Sector SPDR Fund XLF $51.1B	$10.4M	0.49%	209,352 -10,184	-5%	-$507K
44	44 Industrial Select Sector SPDR Fund XLI $22.5B	$10.1M	0.47%	76,907 +7,973	+12%	+$1.05M
45	45 SPDR Portfolio S&P 400 Mid Cap ETF SPMD $13.5B	$9.95M	0.46%	194,501 +55,448	+40%	+$2.84M
46	46 Goldman Sachs ActiveBeta International Equity ETF GSIE $4.04B	$9.62M	0.45%	269,939 -17,947	-6%	-$640K
47	47 Health Care Select Sector SPDR Fund XLV $33.3B	$9.41M	0.44%	64,472 -9,602	-13%	-$1.4M
48	48 iShares Core Dividend Growth ETF DGRO $32.4B	$9.26M	0.43%	149,862 +7,377	+5%	+$456K
49	49 Union Pacific UNP $140B	$9.14M	0.43%	38,707 +20,735	+115%	+$4.9M
50	50 Costco COST $430B	$9.08M	0.42%	9,597 -257	-3%	-$243K