{"url":"https://nivawealth.com/firms/cladis-investment-advisory-153873","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/153873","regulatoryAum":242614579,"crd":"153873","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"47182","suffix":null,"lastName":"CLADIS","firstName":"NICHOLAS","middleName":"RICHARD"},{"crd":"4981864","suffix":null,"lastName":"HAWBAKER","firstName":"TRACY","middleName":"WEIDLER"},{"crd":"8159319","suffix":"V","lastName":"Zander","firstName":"Henry","middleName":"George"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2022-06-21","regulatoryAum":111701416,"clients":94,"employees":3,"offices":1},{"filedOn":"2023-04-04","regulatoryAum":104921621,"clients":97,"employees":2,"offices":1},{"filedOn":"2024-03-28","regulatoryAum":139940781,"clients":110,"employees":2,"offices":1},{"filedOn":"2025-03-18","regulatoryAum":206599567,"clients":117,"employees":2,"offices":1},{"filedOn":"2026-03-05","regulatoryAum":242614579,"clients":119,"employees":3,"offices":1}],"secFileNumber":"801-126137","legalName":"Cladis Investment Advisory LLC","displayName":"Cladis Investment Advisory","slug":"cladis-investment-advisory-153873","website":"https://cladisadvisory.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/153873/df0cf6743a1e9391-r1.webp","tone":"light","width":655,"height":200,"sourceUrl":"https://cladisadvisory.com/","sourceLabel":"Cladis Investment Advisory LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Montana limited liability company","fiscalYearEnd":"December","headquarters":{"street":"180 S. 32nd St. West, Suite 1","city":"Billings","state":"MT","stateName":"Montana","country":"United States","postalCode":"59102"},"tradeNames":[],"registration":{"secApproved":"21 July 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1324966.2807017544,"staff":{"employees":3,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":242614579,"discretionary":241964339,"discretionaryAccounts":271,"nonDiscretionary":650240,"nonDiscretionaryAccounts":3,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":6},"clientTypes":[{"label":"Individuals (other than HNW)","clients":68,"regulatoryAum":27309310},{"label":"High-net-worth individuals","clients":46,"regulatoryAum":123736846},{"label":"Charitable organizations","clients":5,"regulatoryAum":51752355},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":39816068}],"feePrograms":[{"role":"main","program":"Portfolio management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014920","versionId":1014920,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-05","documentName":"2026 0302 CLADIS INVESTMENT ADVISORY FORM ADV BROCHURE","fee_rate_low":0.75,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Consultation services","summary":"Financial planning and investment advice through consultation is billed at $200 per hour, due when the written recommendations report is delivered.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014920","versionId":1014920,"submittedOn":"2026-03-05","documentName":"2026 0302 CLADIS INVESTMENT ADVISORY FORM ADV BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T14:08:29.963019+00:00","documents":[{"name":"2026 0302 CLADIS INVESTMENT ADVISORY FORM ADV BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014920","versionId":1014920,"submittedOn":"2026-03-05"}]},"custodians":[{"name":"J.P. Morgan Securities LLC","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":26137114},{"name":"Wells Fargo Clearing Services, LLC","shortName":"Wells Fargo Clearing Services","location":"St. Louis, MO","smaAssets":214702796}],"custodyNote":"Cladis Investment Advisory does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Nicholas Cladis","title":"Manager & Chief Compliance Officer","crd":"47182"},{"name":"Tracy Hawbaker","title":"Chief Operations Officer","crd":"4981864"}],"ownership":[{"label":"Nicholas Cladis","detail":"Manager & chief compliance officer in the 25% to 50% ownership band and a control person, since April 2010."},{"label":"Tracy Hawbaker","detail":"Chief operations officer in the 25% to 50% ownership band and a control person, since January 2022."},{"label":"Fortin Enterprises, Inc","detail":"Member in the 25% to 50% ownership band, since March 2025."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Montana","offices":1,"addresses":[{"street":"180 S. 32nd St. West, Suite 1","city":"Billings","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"406-259-4939","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Other"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":73},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":24},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"5 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/153873/PDF/153873.pdf","brochureDate":"5 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014920","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Cladis Investment Advisory have?","answer":"Cladis Investment Advisory has 119 clients and manages $243 million for them, as of March 2026. They include 68 individual clients, 46 high-net-worth individuals and 5 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 5 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Cladis Investment Advisory offer?","answer":"Cladis Investment Advisory provides financial planning and portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Cladis Investment Advisory charge?","answer":"Cladis Investment Advisory charges 0.75%–1.25% a year for its Portfolio management. The fee is billed in advance and is negotiable.","source":"2026 0302 CLADIS INVESTMENT ADVISORY FORM ADV BROCHURE, filed 5 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Cladis Investment Advisory use?","answer":"Cladis Investment Advisory’s separately managed account assets are held at Wells Fargo Clearing Services, LLC (St. Louis, MO), with $215M and J.P. Morgan Securities LLC (New York, NY), with $26.1M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Cladis Investment Advisory have?","answer":"Cladis Investment Advisory has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Cladis Investment Advisory invest in?","answer":"At the end of its last fiscal year, Cladis Investment Advisory’s separately managed accounts held 73% exchange-traded equities, 24% registered funds (mutual funds, ETFs, BDCs), 2% cash and equivalents and 1% non-exchange-traded equities.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Cladis Investment Advisory?","answer":"Cladis Investment Advisory’s direct owners are Nicholas Cladis, Tracy Hawbaker and Fortin Enterprises, Inc, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 5 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Cladis Investment Advisory get paid?","answer":"Cladis Investment Advisory is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Cladis Investment Advisory?","answer":"Cladis Investment Advisory’s main office is at 180 S. 32nd St. West, Suite 1, Billings, MT 59102. Its phone number is 406-259-4939. Its website is cladisadvisory.com.","source":"Form ADV Part 1A, Item 1.F, filed 5 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/cladis-investment-advisory-153873/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-13","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1911520/000191152026000003/0001911520-26-000003-index.html","totalValue":213977030,"positionCount":173,"top10Share":0.29920294715745893,"top10":[{"issuer":"APPLE INC","titleOfClass":"COM","cusip":"037833100","value":15313379,"shares":52922,"shareType":"SH","priorValue":13583991,"priorShares":53525},{"issuer":"NVIDIA CORP","titleOfClass":"COM","cusip":"67066G104","value":9447875,"shares":47218,"shareType":"SH","priorValue":8374518,"priorShares":48019},{"issuer":"GE VERNOVA INC","titleOfClass":"COM","cusip":"36828A101","value":5669118,"shares":4825,"shareType":"SH","priorValue":4207248,"priorShares":4820},{"issuer":"GE AEROSPACE","titleOfClass":"COM NEW","cusip":"369604301","value":5578520,"shares":14927,"shareType":"SH","priorValue":4349216,"priorShares":15327},{"issuer":"AMAZON COM INC","titleOfClass":"COM","cusip":"023135106","value":5084984,"shares":21335,"shareType":"SH","priorValue":4428237,"priorShares":21262},{"issuer":"LILLY ELI & CO","titleOfClass":"COM","cusip":"532457108","value":4968651,"shares":4143,"shareType":"SH","priorValue":3810128,"priorShares":4142},{"issuer":"TAIWAN SEMICONDUCTOR MFG LTD","titleOfClass":"SPONSORED ADS","cusip":"874039100","value":4918971,"shares":10300,"shareType":"SH","priorValue":3480885,"priorShares":10300},{"issuer":"MICROSOFT CORP","titleOfClass":"COM","cusip":"594918104","value":4443134,"shares":11911,"shareType":"SH","priorValue":4209940,"priorShares":11373},{"issuer":"INVESCO QQQ TR","titleOfClass":"UNIT SER Q","cusip":"46090E103","value":4404032,"shares":5980,"shareType":"SH","priorValue":3325416,"priorShares":5761},{"issuer":"CATERPILLAR INC","titleOfClass":"COM","cusip":"149123101","value":4193894,"shares":3938,"shareType":"SH","priorValue":3021749,"priorShares":4265}],"positionsListed":173,"positions":[{"issuer":"APPLE INC","titleOfClass":"COM","cusip":"037833100","value":15313379,"shares":52922,"shareType":"SH","priorValue":13583991,"priorShares":53525},{"issuer":"NVIDIA CORP","titleOfClass":"COM","cusip":"67066G104","value":9447875,"shares":47218,"shareType":"SH","priorValue":8374518,"priorShares":48019},{"issuer":"GE VERNOVA INC","titleOfClass":"COM","cusip":"36828A101","value":5669118,"shares":4825,"shareType":"SH","priorValue":4207248,"priorShares":4820},{"issuer":"GE AEROSPACE","titleOfClass":"COM NEW","cusip":"369604301","value":5578520,"shares":14927,"shareType":"SH","priorValue":4349216,"priorShares":15327},{"issuer":"AMAZON COM INC","titleOfClass":"COM","cusip":"023135106","value":5084984,"shares":21335,"shareType":"SH","priorValue":4428237,"priorShares":21262},{"issuer":"LILLY ELI & CO","titleOfClass":"COM","cusip":"532457108","value":4968651,"shares":4143,"shareType":"SH","priorValue":3810128,"priorShares":4142},{"issuer":"TAIWAN SEMICONDUCTOR MFG LTD","titleOfClass":"SPONSORED ADS","cusip":"874039100","value":4918971,"shares":10300,"shareType":"SH","priorValue":3480885,"priorShares":10300},{"issuer":"MICROSOFT CORP","titleOfClass":"COM","cusip":"594918104","value":4443134,"shares":11911,"shareType":"SH","priorValue":4209940,"priorShares":11373},{"issuer":"INVESCO QQQ TR","titleOfClass":"UNIT SER Q","cusip":"46090E103","value":4404032,"shares":5980,"shareType":"SH","priorValue":3325416,"priorShares":5761},{"issuer":"CATERPILLAR INC","titleOfClass":"COM","cusip":"149123101","value":4193894,"shares":3938,"shareType":"SH","priorValue":3021749,"priorShares":4265},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"STATE STREET TEC","cusip":"81369Y803","value":4118346,"shares":21616,"shareType":"SH","priorValue":2820418,"priorShares":21222},{"issuer":"ADVANCED MICRO DEVICES INC","titleOfClass":"COM","cusip":"007903107","value":4098320,"shares":7055,"shareType":"SH","priorValue":1639646,"priorShares":8060},{"issuer":"FIRST INTST BANCSYSTEM INC","titleOfClass":"COM CL A","cusip":"32055Y201","value":3233853,"shares":83865,"shareType":"SH","priorValue":2837446,"priorShares":84953},{"issuer":"INTERNATIONAL BUSINESS MACHS","titleOfClass":"COM","cusip":"459200101","value":3127327,"shares":11121,"shareType":"SH","priorValue":2707707,"priorShares":11171},{"issuer":"COSTCO WHSL CORP NEW","titleOfClass":"COM","cusip":"22160K105","value":2992009,"shares":3198,"shareType":"SH","priorValue":3196917,"priorShares":3208},{"issuer":"EXXON MOBIL CORP","titleOfClass":"COM","cusip":"30231G102","value":2898351,"shares":21199,"shareType":"SH","priorValue":3613219,"priorShares":21297},{"issuer":"ORACLE CORP","titleOfClass":"COM","cusip":"68389X105","value":2622817,"shares":17897,"shareType":"SH","priorValue":1880045,"priorShares":12780},{"issuer":"VERTIV HOLDINGS CO","titleOfClass":"COM CL A","cusip":"92537N108","value":2556363,"shares":7635,"shareType":"SH","priorValue":1950773,"priorShares":7785},{"issuer":"INTEL CORP","titleOfClass":"COM","cusip":"458140100","value":2472211,"shares":17705,"shareType":"SH","priorValue":1072599,"priorShares":24305},{"issuer":"JPMORGAN CHASE & CO","titleOfClass":"COM","cusip":"46625H100","value":2357758,"shares":7203,"shareType":"SH","priorValue":2118834,"priorShares":7203},{"issuer":"DELL TECHNOLOGIES INC","titleOfClass":"CL C","cusip":"24703L202","value":2219862,"shares":5145,"shareType":"SH","priorValue":1200611,"priorShares":7315},{"issuer":"NEXTERA ENERGY INC","titleOfClass":"COM","cusip":"65339F101","value":2150365,"shares":24500,"shareType":"SH","priorValue":2182680,"priorShares":23500},{"issuer":"VERIZON COMMUNICATIONS INC","titleOfClass":"COM","cusip":"92343V104","value":2118764,"shares":50042,"shareType":"SH","priorValue":2567177,"priorShares":51139},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"STATE STREET ENE","cusip":"81369Y506","value":2113512,"shares":39795,"shareType":"SH","priorValue":2453157,"priorShares":40045},{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL C","cusip":"02079K107","value":2106200,"shares":5961,"shareType":"SH","priorValue":855694,"priorShares":2981},{"issuer":"QXO INCO","titleOfClass":"COM NEW","cusip":"82846H405","value":2090275,"shares":120965,"shareType":"SH","priorValue":2011135,"priorShares":103560},{"issuer":"EVERUS CONSTR GROUP","titleOfClass":"COM","cusip":"300426103","value":2081451,"shares":12543,"shareType":"SH","priorValue":1480784,"priorShares":12543},{"issuer":"UBER TECHNOLOGIES INC","titleOfClass":"COM","cusip":"90353T100","value":2041118,"shares":28286,"shareType":"SH","priorValue":1353795,"priorShares":18821},{"issuer":"SNOWFLAKE INC","titleOfClass":"CL A","cusip":"833445109","value":2027602,"shares":7967,"shareType":"SH","priorValue":1167347,"priorShares":7740},{"issuer":"UNITED PARCEL SERVICE INC","titleOfClass":"CL B NEW","cusip":"911312106","value":1964141,"shares":18271,"shareType":"SH","priorValue":1925321,"priorShares":19570},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"STATE STREET FIN","cusip":"81369Y605","value":1923375,"shares":35877,"shareType":"SH","priorValue":1680967,"priorShares":34048},{"issuer":"UNITEDHEALTH GROUP INC","titleOfClass":"COM","cusip":"91324P102","value":1911423,"shares":4599,"shareType":"SH","priorValue":1425660,"priorShares":5269},{"issuer":"MERCK & CO INC","titleOfClass":"COM","cusip":"58933Y105","value":1827916,"shares":14225,"shareType":"SH","priorValue":1699011,"priorShares":14124},{"issuer":"AT & T INC","titleOfClass":"COM","cusip":"00206R102","value":1789830,"shares":86465,"shareType":"SH","priorValue":2523952,"priorShares":87063},{"issuer":"KNIFE RIVER CORP","titleOfClass":"COMMON STOCK","cusip":"498894104","value":1779006,"shares":21267,"shareType":"SH","priorValue":1777297,"priorShares":21767},{"issuer":"MICRON TECHNOLOGY INC","titleOfClass":"COM","cusip":"595112103","value":1759370,"shares":1524,"shareType":"SH","priorValue":547029,"priorShares":1619},{"issuer":"STATE STR SPDR S&P 500 ETF T","titleOfClass":"TR UNIT","cusip":"78462F103","value":1728026,"shares":2314,"shareType":"SH","priorValue":1201178,"priorShares":1847},{"issuer":"FTAI AVIATION LTD","titleOfClass":"SHS","cusip":"G3730V105","value":1623180,"shares":6000,"shareType":"SH","priorValue":1592500,"priorShares":6500},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"STATE STREET UTI","cusip":"81369Y886","value":1621096,"shares":35754,"shareType":"SH","priorValue":1578031,"priorShares":34387},{"issuer":"FORD MOTOR CO DEL","titleOfClass":"COM","cusip":"345370860","value":1588972,"shares":114315,"shareType":"SH","priorValue":1436854,"priorShares":124511},{"issuer":"NIKE INC","titleOfClass":"CL B","cusip":"654106103","value":1586049,"shares":38637,"shareType":"SH","priorValue":1564331,"priorShares":29616},{"issuer":"META PLATFORMS INC","titleOfClass":"CL A","cusip":"30303M102","value":1585710,"shares":2815,"shareType":"SH","priorValue":1524198,"priorShares":2664},{"issuer":"DISNEY WALT CO","titleOfClass":"COM","cusip":"254687106","value":1553377,"shares":16139,"shareType":"SH","priorValue":1554704,"priorShares":16131},{"issuer":"BERKSHIRE HATHAWAY INC DEL","titleOfClass":"CL B NEW","cusip":"084670702","value":1550208,"shares":3098,"shareType":"SH","priorValue":1508522,"priorShares":3148},{"issuer":"VANGUARD WORLD FDS","titleOfClass":"FINANCIALS ETF","cusip":"92204A405","value":1546958,"shares":11755,"shareType":"SH","priorValue":1420122,"priorShares":11755},{"issuer":"CROWDSTRIKE HLDGS INC","titleOfClass":"CL A","cusip":"22788C105","value":1520938,"shares":1993,"shareType":"SH","priorValue":778087,"priorShares":1993},{"issuer":"PFIZER INC","titleOfClass":"COM","cusip":"717081103","value":1482151,"shares":61551,"shareType":"SH","priorValue":1742315,"priorShares":62048},{"issuer":"GLACIER BANCORP INC NEW","titleOfClass":"COM","cusip":"37637Q105","value":1459611,"shares":28298,"shareType":"SH","priorValue":1264072,"priorShares":28298},{"issuer":"ISHARES TR","titleOfClass":"FUTURE AI & TECH","cusip":"46435U556","value":1411626,"shares":18535,"shareType":"SH","priorValue":921061,"priorShares":19795},{"issuer":"NETFLIX INC","titleOfClass":"COM","cusip":"64110L106","value":1398369,"shares":19585,"shareType":"SH","priorValue":1602340,"priorShares":16665},{"issuer":"WALMART INC","titleOfClass":"COM","cusip":"931142103","value":1383002,"shares":12211,"shareType":"SH","priorValue":1523689,"priorShares":12260},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"STATE STREET COM","cusip":"81369Y852","value":1373085,"shares":12817,"shareType":"SH","priorValue":1329101,"priorShares":11989},{"issuer":"PALO ALTO NETWORKS INC","titleOfClass":"COM","cusip":"697435105","value":1319747,"shares":3870,"shareType":"SH","priorValue":580358,"priorShares":3620},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"SBI HEALTHCARE","cusip":"81369Y209","value":1238391,"shares":7805,"shareType":"SH","priorValue":1093741,"priorShares":7460},{"issuer":"SPDR SERIES TRUST","titleOfClass":"STATE STREET SPD","cusip":"78464A698","value":1205085,"shares":16100,"shareType":"SH","priorValue":1045658,"priorShares":16050},{"issuer":"STARBUCKS CORP","titleOfClass":"COM","cusip":"855244109","value":1203804,"shares":11780,"shareType":"SH","priorValue":1059769,"priorShares":11829},{"issuer":"PHILLIPS 66","titleOfClass":"COM","cusip":"718546104","value":1196669,"shares":7079,"shareType":"SH","priorValue":1289560,"priorShares":7078},{"issuer":"ONTERRIS INC","titleOfClass":"COM","cusip":"615111101","value":1147928,"shares":56800,"shareType":"SH","priorValue":1157981,"priorShares":52900},{"issuer":"GE HEALTHCARE TECHNOLOGIES I","titleOfClass":"COMMON STOCK","cusip":"36266G107","value":1128060,"shares":17623,"shareType":"SH","priorValue":1222029,"priorShares":17168},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US SMALL CAP ETF","cusip":"25434V500","value":1085241,"shares":13180,"shareType":"SH","priorValue":850288,"priorShares":11954},{"issuer":"HOME DEPOT INC","titleOfClass":"COM","cusip":"437076102","value":1072463,"shares":3041,"shareType":"SH","priorValue":1000035,"priorShares":3041},{"issuer":"GOLDMAN SACHS GROUP INC","titleOfClass":"COM","cusip":"38141G104","value":1041711,"shares":1030,"shareType":"SH","priorValue":955969,"priorShares":1130},{"issuer":"ISHARES TR","titleOfClass":"ISHARES BIOTECH","cusip":"464287556","value":984233,"shares":5175,"shareType":"SH","priorValue":890684,"priorShares":5275},{"issuer":"WELLS FARGO CO NEW","titleOfClass":"COM","cusip":"949746101","value":969192,"shares":11728,"shareType":"SH","priorValue":933611,"priorShares":11727},{"issuer":"FEDEX CORP","titleOfClass":"COM","cusip":"31428X106","value":939390,"shares":3000,"shareType":"SH","priorValue":1068540,"priorShares":3000},{"issuer":"JOHNSON & JOHNSON","titleOfClass":"COM","cusip":"478160104","value":926945,"shares":3650,"shareType":"SH","priorValue":892107,"priorShares":3650},{"issuer":"COINBASE GLOBAL INC","titleOfClass":"COM CL A","cusip":"19260Q107","value":926845,"shares":6340,"shareType":"SH","priorValue":956863,"priorShares":5480},{"issuer":"PHILIP MORRIS INTL INC","titleOfClass":"COM","cusip":"718172109","value":906178,"shares":5009,"shareType":"SH","priorValue":365236,"priorShares":2209},{"issuer":"TEXAS INSTRS INC","titleOfClass":"COM","cusip":"882508104","value":894210,"shares":3000,"shareType":"SH","priorValue":582420,"priorShares":3000},{"issuer":"BLACKSTONE INC","titleOfClass":"COM","cusip":"09260D107","value":882525,"shares":7500,"shareType":"SH","priorValue":862425,"priorShares":7500},{"issuer":"BOEING CO","titleOfClass":"COM","cusip":"097023105","value":882115,"shares":4075,"shareType":"SH","priorValue":811047,"priorShares":4075},{"issuer":"BRISTOL-MYERS SQUIBB CO","titleOfClass":"COM","cusip":"110122108","value":881586,"shares":15300,"shareType":"SH","priorValue":927945,"priorShares":15300},{"issuer":"VALERO ENERGY CORP","titleOfClass":"COM","cusip":"91913Y100","value":868307,"shares":3334,"shareType":"SH","priorValue":848473,"priorShares":3434},{"issuer":"CHESAPEAKE UTILS CORP","titleOfClass":"COM","cusip":"165303108","value":857360,"shares":7000,"shareType":"SH","priorValue":1010960,"priorShares":8000},{"issuer":"INTUITIVE SURGICAL INC","titleOfClass":"COM NEW","cusip":"46120E602","value":843082,"shares":2120,"shareType":"SH","priorValue":878186,"priorShares":1905},{"issuer":"CITIGROUP INC","titleOfClass":"COM NEW","cusip":"172967424","value":827304,"shares":5911,"shareType":"SH","priorValue":670367,"priorShares":5911},{"issuer":"CLEVELAND-CLIFFS INC NEW","titleOfClass":"COM","cusip":"185899101","value":820217,"shares":87350,"shareType":"SH","priorValue":816693,"priorShares":96650},{"issuer":"SERVICENOW INC","titleOfClass":"COM","cusip":"81762P102","value":786794,"shares":7925,"shareType":"SH","priorValue":595412,"priorShares":5695},{"issuer":"ALTRIA GROUP INC","titleOfClass":"COM","cusip":"02209S103","value":785262,"shares":10914,"shareType":"SH","priorValue":654225,"priorShares":9914},{"issuer":"MDU RES GROUP INC","titleOfClass":"COM","cusip":"552690109","value":779050,"shares":36730,"shareType":"SH","priorValue":1247660,"priorShares":60215},{"issuer":"BANK AMERICA CORP","titleOfClass":"COM","cusip":"060505104","value":759518,"shares":13330,"shareType":"SH","priorValue":652213,"priorShares":13379},{"issuer":"QNITY ELECTRONICS INC","titleOfClass":"COMMON STOCK","cusip":"74743L100","value":745673,"shares":4566,"shareType":"SH","priorValue":473173,"priorShares":4101},{"issuer":"PEPSICO INC","titleOfClass":"COM","cusip":"713448108","value":714912,"shares":5280,"shareType":"SH","priorValue":819931,"priorShares":5280},{"issuer":"CUMMINS INC","titleOfClass":"COM","cusip":"231021106","value":713210,"shares":1000,"shareType":"SH","priorValue":538020,"priorShares":1000},{"issuer":"CHEVRON CORP NEW","titleOfClass":"COM","cusip":"166764100","value":713100,"shares":4302,"shareType":"SH","priorValue":893808,"priorShares":4320},{"issuer":"ARM HOLDINGS PLC","titleOfClass":"SPONSORED ADS","cusip":"042068205","value":709140,"shares":2000,"shareType":"SH","priorValue":302560,"priorShares":2000},{"issuer":"BYRNA TECHNOLOGIES INC","titleOfClass":"COM NEW","cusip":"12448X201","value":694485,"shares":103500,"shareType":"SH","priorValue":586602,"priorShares":63900},{"issuer":"COCA COLA CO","titleOfClass":"COM","cusip":"191216100","value":692405,"shares":8520,"shareType":"SH","priorValue":647851,"priorShares":8519},{"issuer":"MARATHON PETE CORP","titleOfClass":"COM","cusip":"56585A102","value":683662,"shares":2674,"shareType":"SH","priorValue":652937,"priorShares":2674},{"issuer":"PROCTER & GAMBLE CO","titleOfClass":"COM","cusip":"742718109","value":670773,"shares":4574,"shareType":"SH","priorValue":660635,"priorShares":4574},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"STATE STREET IND","cusip":"81369Y704","value":669283,"shares":3613,"shareType":"SH","priorValue":536168,"priorShares":3315},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"GROWTH ETF","cusip":"922908736","value":653803,"shares":7590,"shareType":"SH","priorValue":552539,"priorShares":1265},{"issuer":"CISCO SYS INC","titleOfClass":"COM","cusip":"17275R102","value":621202,"shares":5289,"shareType":"SH","priorValue":410303,"priorShares":5288},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"REAL ESTATE ETF","cusip":"922908553","value":616225,"shares":6390,"shareType":"SH","priorValue":566828,"priorShares":6390},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US EQUITY ETF","cusip":"25434V401","value":587264,"shares":7167,"shareType":"SH","priorValue":535087,"priorShares":7546},{"issuer":"3M CO","titleOfClass":"COM","cusip":"88579Y101","value":574774,"shares":3550,"shareType":"SH","priorValue":515536,"priorShares":3550},{"issuer":"CONOCOPHILLIPS","titleOfClass":"COM","cusip":"20825C104","value":573703,"shares":5518,"shareType":"SH","priorValue":728363,"priorShares":5518},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"VALUE ETF","cusip":"922908744","value":566618,"shares":2600,"shareType":"SH","priorValue":510120,"priorShares":2600},{"issuer":"MCDONALDS CORP","titleOfClass":"COM","cusip":"580135101","value":564407,"shares":2088,"shareType":"SH","priorValue":680009,"priorShares":2188},{"issuer":"TARGET CORP","titleOfClass":"COM","cusip":"87612E106","value":556742,"shares":4263,"shareType":"SH","priorValue":516539,"priorShares":4262},{"issuer":"DEERE & CO","titleOfClass":"COM","cusip":"244199105","value":547842,"shares":864,"shareType":"SH","priorValue":486496,"priorShares":864},{"issuer":"REDDIT INC","titleOfClass":"CL A","cusip":"75734B100","value":538098,"shares":3100,"shareType":"SH","priorValue":417415,"priorShares":3100},{"issuer":"CAL-MAINE FOODS INC","titleOfClass":"COM NEW","cusip":"128030202","value":523640,"shares":6500,"shareType":"SH","priorValue":656945,"priorShares":8300},{"issuer":"NEWMONT CORP","titleOfClass":"COM","cusip":"651639106","value":513700,"shares":5500,"shareType":"SH","priorValue":606200,"priorShares":5600},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"MID CAP ETF","cusip":"922908629","value":512425,"shares":6360,"shareType":"SH","priorValue":456616,"priorShares":1590},{"issuer":"VISA INC","titleOfClass":"COM CL A","cusip":"92826C839","value":499701,"shares":1456,"shareType":"SH","priorValue":343481,"priorShares":1136},{"issuer":"SOUTHERN CO","titleOfClass":"COM","cusip":"842587107","value":493864,"shares":5160,"shareType":"SH","priorValue":498043,"priorShares":5160},{"issuer":"TWILIO INC","titleOfClass":"CL A","cusip":"90138F102","value":484876,"shares":2350,"shareType":"SH","priorValue":295677,"priorShares":2350},{"issuer":"COREWEAVE INC","titleOfClass":"COM CL A","cusip":"21873S108","value":469829,"shares":4720,"shareType":"SH","priorValue":216916,"priorShares":2800},{"issuer":"CVS HEALTH CORP","titleOfClass":"COM","cusip":"126650100","value":467157,"shares":4516,"shareType":"SH","priorValue":324260,"priorShares":4515},{"issuer":"HOWMET AEROSPACE INC","titleOfClass":"COM","cusip":"443201108","value":447921,"shares":1666,"shareType":"SH","priorValue":383946,"priorShares":1666},{"issuer":"IREN LIMITED","titleOfClass":"ORDINARY SHARES","cusip":"Q4982L109","value":434435,"shares":9500,"shareType":"SH"},{"issuer":"AMERICAN ELECTRIC POWER INC","titleOfClass":"COM","cusip":"025537101","value":432046,"shares":3158,"shareType":"SH","priorValue":413951,"priorShares":3158},{"issuer":"DUKE ENERGY CORP","titleOfClass":"COM NEW","cusip":"26441C204","value":411005,"shares":3247,"shareType":"SH","priorValue":425162,"priorShares":3247},{"issuer":"SPDR SERIES TRUST","titleOfClass":"STATE STREET SPD","cusip":"78468R556","value":399996,"shares":2593,"shareType":"SH","priorValue":486941,"priorShares":2678},{"issuer":"ABBVIE INC","titleOfClass":"COM","cusip":"00287Y109","value":395830,"shares":1573,"shareType":"SH","priorValue":338849,"priorShares":1558},{"issuer":"WILLIS TOWERS WATSON PUB LTD CO","titleOfClass":"SHS","cusip":"G96629103","value":394669,"shares":1510,"shareType":"SH","priorValue":438957,"priorShares":1510},{"issuer":"ISHARES TR","titleOfClass":"RUSSELL 2000 GRW ETF","cusip":"464287648","value":393960,"shares":1000,"shareType":"SH","priorValue":313810,"priorShares":1000},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"WORLD EX US CORE","cusip":"25434V880","value":384720,"shares":10443,"shareType":"SH","priorValue":354749,"priorShares":10443},{"issuer":"CORNING INC","titleOfClass":"COM","cusip":"219350105","value":383145,"shares":1500,"shareType":"SH","priorValue":203955,"priorShares":1500},{"issuer":"DELTA AIRLINES INC DEL","titleOfClass":"COM NEW","cusip":"247361702","value":374640,"shares":4000,"shareType":"SH","priorValue":265920,"priorShares":4000},{"issuer":"HALLIBURTON CO","titleOfClass":"COM","cusip":"406216101","value":359870,"shares":10600,"shareType":"SH","priorValue":272930,"priorShares":7000},{"issuer":"HONEYWELL INTL INC","titleOfClass":"COM","cusip":"438516205","value":356897,"shares":1594,"shareType":"SH"},{"issuer":"HONEYWELL AEROSPACE INC","titleOfClass":"COM","cusip":"43849R105","value":352402,"shares":1594,"shareType":"SH"},{"issuer":"PTC THERAPEUTICS INC","titleOfClass":"COM","cusip":"69366J200","value":342594,"shares":4200,"shareType":"SH","priorValue":286146,"priorShares":4200},{"issuer":"SIMON PPTY GROUP INC NEW","titleOfClass":"COM","cusip":"828806109","value":335475,"shares":1500,"shareType":"SH","priorValue":279795,"priorShares":1500},{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL A","cusip":"02079K305","value":332570,"shares":931,"shareType":"SH","priorValue":1135105,"priorShares":3957},{"issuer":"ISHARES TR","titleOfClass":"RUS 2000 VAL ETF","cusip":"464287630","value":331800,"shares":1500,"shareType":"SH","priorValue":284385,"priorShares":1500},{"issuer":"KINROSS GOLD CORP","titleOfClass":"COM","cusip":"496902404","value":330680,"shares":14000,"shareType":"SH","priorValue":396760,"priorShares":13000},{"issuer":"CATALYST PHARMACEUTICALS INC","titleOfClass":"COM","cusip":"14888U101","value":314929,"shares":10020,"shareType":"SH","priorValue":248095,"priorShares":10020},{"issuer":"ISHARES TR","titleOfClass":"ISHARES SEMICDTR","cusip":"464287523","value":311777,"shares":487,"shareType":"SH"},{"issuer":"AGNICO EAGLE MINES LTD","titleOfClass":"COM","cusip":"008474108","value":310260,"shares":2000,"shareType":"SH","priorValue":202980,"priorShares":1000},{"issuer":"MP MATERIALS CORP","titleOfClass":"COM CL A","cusip":"553368101","value":302454,"shares":5400,"shareType":"SH","priorValue":260604,"priorShares":5400},{"issuer":"MOTOROLA SOLUTIONS INC","titleOfClass":"COM NEW","cusip":"620076307","value":302331,"shares":728,"shareType":"SH","priorValue":315930,"priorShares":728},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"LARGE CAP ETF","cusip":"922908637","value":297482,"shares":865,"shareType":"SH","priorValue":258505,"priorShares":865},{"issuer":"METLIFE INC","titleOfClass":"COM","cusip":"59156R108","value":296135,"shares":3500,"shareType":"SH","priorValue":247520,"priorShares":3500},{"issuer":"LULULEMON ATHLETICA INC","titleOfClass":"COM","cusip":"550021109","value":285450,"shares":2500,"shareType":"SH","priorValue":229650,"priorShares":1500},{"issuer":"ENBRIDGE INC","titleOfClass":"COM","cusip":"29250N105","value":280374,"shares":5172,"shareType":"SH","priorValue":207464,"priorShares":3832},{"issuer":"J P MORGAN EXCHANGE TRADED F","titleOfClass":"ACTIVE BOND ETF","cusip":"46654Q716","value":280073,"shares":5235,"shareType":"SH"},{"issuer":"VERTEX PHARMACEUTICALS INC","titleOfClass":"COM","cusip":"92532F100","value":277672,"shares":559,"shareType":"SH","priorValue":242025,"priorShares":542},{"issuer":"MONDELEZ INTL INC","titleOfClass":"CL A","cusip":"609207105","value":273930,"shares":4736,"shareType":"SH","priorValue":301803,"priorShares":5236},{"issuer":"BROADCOM INC","titleOfClass":"COM","cusip":"11135F101","value":271980,"shares":720,"shareType":"SH","priorValue":222847,"priorShares":720},{"issuer":"ISHARES TR","titleOfClass":"IBOXX HI YD ETF","cusip":"464288513","value":271898,"shares":3400,"shareType":"SH","priorValue":270504,"priorShares":3400},{"issuer":"ISHARES TR","titleOfClass":"US INFRASTRUC","cusip":"46435U713","value":271072,"shares":4300,"shareType":"SH","priorValue":245960,"priorShares":4300},{"issuer":"SPDR GOLD TR","titleOfClass":"GOLD SHS","cusip":"78463V107","value":262287,"shares":712,"shareType":"SH","priorValue":306366,"priorShares":712},{"issuer":"WISDOMTREE US","titleOfClass":"US AI ENHANCED","cusip":"97717W406","value":262263,"shares":2000,"shareType":"SH","priorValue":231419,"priorShares":2000},{"issuer":"AMGEN INC","titleOfClass":"COM","cusip":"031162100","value":258916,"shares":715,"shareType":"SH","priorValue":251573,"priorShares":715},{"issuer":"SOUTHWEST AIRLS CO","titleOfClass":"COM","cusip":"844741108","value":257100,"shares":5000,"shareType":"SH","priorValue":338130,"priorShares":9000},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"US LCAP GR ETF","cusip":"808524300","value":255018,"shares":7536,"shareType":"SH","priorValue":219524,"priorShares":7536},{"issuer":"J P MORGAN EXCHANGE TRADED F","titleOfClass":"EQUITY PREMIUM","cusip":"46641Q332","value":253878,"shares":4495,"shareType":"SH"},{"issuer":"GENERAL MILLS INC","titleOfClass":"COM","cusip":"370334104","value":250920,"shares":7210,"shareType":"SH"},{"issuer":"GENERAL MTRS CO","titleOfClass":"COM","cusip":"37045V100","value":250356,"shares":3248,"shareType":"SH","priorValue":241976,"priorShares":3248},{"issuer":"ISHARES TR","titleOfClass":"RUSSELL 2000 ETF","cusip":"464287655","value":242764,"shares":808,"shareType":"SH","priorValue":200384,"priorShares":808},{"issuer":"WASTE CONNECTIONS INC","titleOfClass":"COM","cusip":"94106B101","value":240700,"shares":1444,"shareType":"SH","priorValue":234563,"priorShares":1444},{"issuer":"NOVO-NORDISK A S","titleOfClass":"ADR","cusip":"670100205","value":239700,"shares":5000,"shareType":"SH","priorValue":209475,"priorShares":5700},{"issuer":"VALVOLINE INC","titleOfClass":"COM","cusip":"92047W101","value":237240,"shares":6000,"shareType":"SH","priorValue":202080,"priorShares":6000},{"issuer":"FEDEX FGHT HLDG CO INC","titleOfClass":"COMMON STOCK","cusip":"314352105","value":226500,"shares":1500,"shareType":"SH"},{"issuer":"BIOGEN INC","titleOfClass":"COM","cusip":"09062X103","value":224702,"shares":1040,"shareType":"SH"},{"issuer":"MASTERCARD INCORPORATED","titleOfClass":"CL A","cusip":"57636Q104","value":220089,"shares":429,"shareType":"SH","priorValue":214098,"priorShares":428},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"INTL CORE EQT MK","cusip":"25434V203","value":218955,"shares":5308,"shareType":"SH"},{"issuer":"MOHAWK INDS INC","titleOfClass":"COM","cusip":"608190104","value":218394,"shares":1800,"shareType":"SH"},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US MKTWIDE VALUE","cusip":"25434V724","value":214539,"shares":3900,"shareType":"SH"},{"issuer":"SCHWAB STRATEGIC TR","titleOfClass":"INTL EQTY ETF","cusip":"808524805","value":213844,"shares":7720,"shareType":"SH"},{"issuer":"SLB LIMITED","titleOfClass":"COM STK","cusip":"806857108","value":211344,"shares":4546,"shareType":"SH","priorValue":233619,"priorShares":4546},{"issuer":"MARVELL TECHNOLOGY INC","titleOfClass":"COM","cusip":"573874104","value":208523,"shares":700,"shareType":"SH"},{"issuer":"XPO INC","titleOfClass":"COM","cusip":"983793100","value":205290,"shares":1000,"shareType":"SH"},{"issuer":"TRIMBLE INC","titleOfClass":"COM","cusip":"896239100","value":204720,"shares":4000,"shareType":"SH","priorValue":260920,"priorShares":4000},{"issuer":"US BANCORP","titleOfClass":"COM NEW","cusip":"902973304","value":204092,"shares":3379,"shareType":"SH"},{"issuer":"ARK ETF TR","titleOfClass":"INNOVATION ETF","cusip":"00214Q104","value":204071,"shares":2525,"shareType":"SH"},{"issuer":"ROBINHOOD MKTS INC","titleOfClass":"COM CL A","cusip":"770700102","value":203067,"shares":2025,"shareType":"SH"},{"issuer":"WIPRO LTD","titleOfClass":"SPON ADR 1 SH","cusip":"97651M109","value":44280,"shares":19680,"shareType":"SH","priorValue":41722,"priorShares":19680},{"issuer":"B2GOLD CORP","titleOfClass":"COM","cusip":"11777Q209","value":37400,"shares":10000,"shareType":"SH"},{"issuer":"NEW FOUND GOLD CORP","titleOfClass":"COM","cusip":"64440N103","value":15400,"shares":10000,"shareType":"SH","priorValue":19400,"priorShares":10000}]},"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}