Managers / Q2 2021 · view latest →
Citadel Investment Advisory, Inc.
CIK 0001811907 · PO BOX 900, CHESTERLAND, OH, 44026 · 440-942-8877
Reported Value
$162M
Q2 2021
Positions
74
Filings on Record
22
2021–present window
Filed
Aug 10, 2021
original filing
Summary
Citadel Investment Advisory, Inc. reported $162M in U.S.-listed holdings across 74 positions for Q2 2021.
Its largest position, BRK/B, represents 19.7% of the portfolio.
The book was largely unchanged from Q1 2021.
Portfolio Metrics
Turnover
+1.3%
vs prior filed quarter
Top-10 Concentration
+56.2%
share of reported value
Largest Position
+19.7%
Beckshire Hathaway
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- Common Stock · 93.7% · $152M
- Other · 4.8% · $8M
- ADR · 1.2% · $2M
- PUBLIC · 0.3% · $478,000
Quarter-over-Quarter Changes full breakdown →
vs Q1 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CSXCSX Corp | ADDED | +30.9K | 46.3K | −$2,000 | $1M |
| Discovery Holdings A | ADDED | +27.3K | 53.3K | +$689,000 | $2M |
| CICigna Corp | TRIMMED | −280 | 1.4K | −$74,000 | $329,000 |
| CACCCredit Acceptance Corp | TRIMMED | −200 | 1.4K | +$64,000 | $655,000 |
| INTCIntel | TRIMMED | −1.9K | 15.1K | −$239,000 | $850,000 |
| BKNGBooking Holdings Inc | TRIMMED | −83 | 726 | −$296,000 | $2M |
| DLTRDollar Tree Inc | TRIMMED | −1.3K | 12.0K | −$332,000 | $1M |
| WFCWells Fargo | TRIMMED | −2.9K | 30.4K | +$76,000 | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2021
72 positions (from 74 filing rows — )
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BRK/BBeckshire Hathawayhistory → | BRKB | 19.70% | $32M | 114.7K |
| 2 | MKLMarkel Corphistory → | MKL | 11.09% | $18M | 15.1K |
| 3 | GOOGLAlphabet Inc. Class A | GOOGL | 6.83% | $11M | 4.5K |
| 4 | IPMLFImperial Metals Corphistory → | IPMLF | 3.97% | $6M | 1.75M |
| 5 | DISDisney Companyhistory → | DIS | 2.96% | $5M | 27.2K |
| 6 | MSFTMicrosoft Corphistory → | MSFT | 2.76% | $4M | 16.5K |
| 7 | PMPhilip Morris Intlhistory → | PM | 2.59% | $4M | 42.2K |
| 8 | JNJJohnson & Johnsonhistory → | JNJ | 2.54% | $4M | 24.9K |
| 9 | IBMIBM Corphistory → | IBM | 1.95% | $3M | 21.5K |
| 10 | MCOMoodys Corphistory → | MCO | 1.82% | $3M | 8.1K |
| 11 | MTDMettler Toledo Intlhistory → | MTD | 1.77% | $3M | 2.1K |
| 12 | MCDMcDonald'shistory → | MCD | 1.64% | $3M | 11.5K |
| 13 | RTXRaytheon Technologies Corphistory → | RTX | 1.62% | $3M | 30.6K |
| 14 | MHKMohawk Industrieshistory → | MHK | 1.60% | $3M | 13.5K |
| 15 | KOCoca Cola Cohistory → | KO | 1.60% | $3M | 47.7K |
| 16 | IDXXIdexx Labs Inchistory → | IDXX | 1.59% | $3M | 4.1K |
| 17 | PEPPepsiCohistory → | PEP | 1.57% | $3M | 17.1K |
| 18 | Medtronic | MDT | 1.29% | $2M | 16.8K |
| 19 | ABBVAbbvie Inchistory → | ABBV | 1.22% | $2M | 17.6K |
| 20 | BUDAB Inbevhistory → | BUD | 1.19% | $2M | 26.8K |
| 21 | ORCLOracle Corphistory → | ORCL | 1.15% | $2M | 23.9K |
| 22 | Discovery Holdings A | DISCA | 1.12% | $2M | 53.3K |
| 23 | GSGoldman Sachs Group Inc.history → | GS | 1.12% | $2M | 4.8K |
| 24 | GDGeneral Dynamics Corphistory → | GD | 1.06% | $2M | 9.1K |
| 25 | CABOCable One Inc. | CABO | 1.00% | $2M | 845 |
| 26 | BKNGBooking Holdings Inc | BKNG | 0.98% | $2M | 726 |
| 27 | DISHDish Network | DISH | 0.97% | $2M | 37.6K |
| 28 | CSXCSX Corp | CSX | 0.92% | $1M | 46.3K |
| 29 | JPMJPMorgan Chase & Co | JPM | 0.91% | $1M | 9.5K |
| 30 | Walgreens | WBA | 0.90% | $1M | 27.7K |
| 31 | BACBank of America | BAC | 0.87% | $1M | 33.9K |
| 32 | FRBKQRepublic First Bancorp Inc | FRBK | 0.85% | $1M | 346.2K |
| 33 | WFCWells Fargo | WFC | 0.85% | $1M | 30.4K |
| 34 | United Parcel Service Inc | UPS | 0.82% | $1M | 6.4K |
| 35 | SYYSysco Corp | SYY | 0.78% | $1M | 16.3K |
| 36 | Howard Hughs | HHC | 0.76% | $1M | 12.7K |
| 37 | ABTAbbott Laboratories | ABT | 0.74% | $1M | 10.3K |
| 38 | DLTRDollar Tree Inc | DLTR | 0.74% | $1M | 12.0K |
| 39 | DHRDanaher Corp | DHR | 0.74% | $1M | 4.4K |
| 40 | CMCSAComcast | CMCSA | 0.74% | $1M | 20.9K |
| 41 | AXPAmerican Express | AXP | 0.71% | $1M | 6.9K |
| 42 | LOWLowes | LOW | 0.63% | $1M | 5.2K |
| 43 | CNICanadian National Railway | CNI | 0.58% | $937,000 | 8.9K |
| 44 | INTCIntel | INTC | 0.53% | $850,000 | 15.1K |
| 45 | TATT | T | 0.51% | $817,000 | 28.4K |
| 46 | LBRDKLiberty Broadband cl C | LBRDK | 0.50% | $813,000 | 4.7K |
| 47 | ViacomCBS cl B | VIAC | 0.45% | $734,000 | 16.2K |
| 48 | LDOSLeidos Holdings Inc | LDOS | 0.42% | $682,000 | 6.8K |
| 49 | PGProctor & Gamble Co | PG | 0.42% | $674,000 | 5.0K |
| 50 | CACCCredit Acceptance Corp | CACC | 0.40% | $655,000 | 1.4K |
| 51 | EGEverest Re Group Inc | RE | 0.39% | $630,000 | 2.5K |
| 52 | Liberty Global cl C | LBTYK · LBTYA | 0.39% | $630,000 | 23.3K |
| 53 | AAPAdvande Auto Parts | AAP | 0.34% | $542,000 | 2.6K |
| 54 | JEFJefferies Financial | JEF | 0.33% | $533,000 | 15.6K |
| 55 | ETNEaton Corp | ETN | 0.33% | $527,000 | 3.6K |
| 56 | KHCKraft Heintz Co | KHC | 0.32% | $513,000 | 12.6K |
| 57 | BF/BBrown Forman | BFB | 0.32% | $510,000 | 6.8K |
| 58 | FISVFiserv Inc | FISV | 0.30% | $490,000 | 4.6K |
| 59 | Colgate Palmolive | CL | 0.30% | $478,000 | 5.9K |
| 60 | Liberty Media Sirius C | LSXMK | 0.27% | $441,000 | 9.5K |
| 61 | MAMastercard | MA | 0.27% | $431,000 | 1.2K |
| 62 | MDLZMondelez Intl Inc | MDLZ | 0.26% | $427,000 | 6.8K |
| 63 | Cedar Fair | FUN | 0.24% | $389,000 | 8.7K |
| 64 | WRBBerkley W R Corp | WRB | 0.21% | $338,000 | 4.5K |
| 65 | CICigna Corp | CI | 0.20% | $329,000 | 1.4K |
| 66 | Discovery Holdings C | DISCK | 0.20% | $323,000 | 11.2K |
| 67 | SEICSEI Investments | SEIC | 0.17% | $274,000 | 4.4K |
| 68 | WYNNWynn Resorts | WYNN | 0.16% | $257,000 | 2.1K |
| 69 | FCNFTI Consulting, Inc. | FCN | 0.14% | $228,000 | 1.7K |
| 70 | AAPLApple Inc | AAPL | 0.14% | $219,000 | 1.6K |
| 71 | Liberty Media Sirius A | LSXMA | 0.14% | $219,000 | 4.7K |
| 72 | KDPKeurig Dr. Pepper | KDP | 0.13% | $218,000 | 6.2K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $210M | 78 | Apr 16, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $231M | 79 | Jan 21, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $218M | 82 | Oct 21, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $206M | 83 | Aug 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $204M | 82 | Apr 17, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $193M | 82 | Jan 24, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $190M | 81 | Oct 16, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $176M | 82 | Jul 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $178M | 82 | Apr 17, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $163M | 82 | Jan 23, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $153M | 81 | Oct 31, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $155M | 80 | Jul 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $147M | 79 | May 1, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $146M | 79 | Jan 18, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $131M | 78 | Oct 20, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $148M | 80 | Aug 2, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $172M | 80 | May 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $171M | 75 | Jan 27, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $161M | 74 | Nov 2, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $162M | 74 | Aug 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $153M | 74 | Apr 20, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $140M | 72 | Jan 29, 2021 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.