Managers / Q1 2024 · view latest →
Citadel Investment Advisory, Inc.
CIK 0001811907 · PO BOX 900, CHESTERLAND, OH, 44026 · 440-942-8877
Reported Value
$178M
Q1 2024
Positions
82
Filings on Record
22
2021–present window
Filed
Apr 17, 2024
original filing
Summary
Citadel Investment Advisory, Inc. reported $178M in U.S.-listed holdings across 82 positions for Q1 2024.
The portfolio is heavily concentrated: BRK/B alone accounts for 25.5% of reported value.
Compared with Q4 2023, the fund opened 1 new position and exited 1.
Portfolio Metrics
Turnover
+1.5%
vs prior filed quarter
Top-10 Concentration
+60.8%
share of reported value
Largest Position
+25.5%
Beckshire Hathaway
New / Exited
1 / 1
positions this quarter
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 · 95.5% · $170M
- Other · 3.4% · $6M
- ADR · 0.8% · $1M
- PUBLIC · 0.2% · $440,000
Quarter-over-Quarter Changes full breakdown →
vs Q4 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ECHOEchostar Corp | NEW | +11.2K | 11.2K | +$159,000 | $159,000 |
| METAMETA | ADDED | +523 | 810 | −$417,000 | $393,000 |
| DISHDish Network | SOLD OUT | −30.0K | 0 | −$173,000 | $0 |
| Liberty Media Sirius A | TRIMMED | −395 | 3.7K | −$8,000 | $111,000 |
| WFCWells Fargo | TRIMMED | −2.3K | 22.4K | +$85,000 | $1M |
| Liberty Global cl A | TRIMMED | −709 | 8.5K | −$20,000 | $144,000 |
| SEICSEI Investments | TRIMMED | −300 | 4.0K | +$15,000 | $288,000 |
| Liberty Global cl C | TRIMMED | −744 | 10.7K | −$25,000 | $188,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2024
80 positions (from 82 filing rows — )
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BRK/BBeckshire Hathawayhistory → | BRKB | 25.52% | $45M | 107.7K |
| 2 | MKLMarkel Corphistory → | MKL | 13.49% | $24M | 15.7K |
| 3 | GOOGLAlphabet Inc. Class A | GOOGL | 6.96% | $12M | 81.6K |
| 4 | MSFTMicrosoft Corphistory → | MSFT | 3.54% | $6M | 14.9K |
| 5 | JNJJohnson & Johnsonhistory → | JNJ | 2.14% | $4M | 24.0K |
| 6 | PMPhilip Morris Intlhistory → | PM | 2.12% | $4M | 41.0K |
| 7 | IBMIBM Corphistory → | IBM | 1.90% | $3M | 17.7K |
| 8 | MCOMoodys Corphistory → | MCO | 1.74% | $3M | 7.9K |
| 9 | DISDisney Companyhistory → | DIS | 1.74% | $3M | 25.2K |
| 10 | MCDMcDonald'shistory → | MCD | 1.68% | $3M | 10.6K |
| 11 | RTXRaytheon Technologies Corphistory → | RTX | 1.63% | $3M | 29.7K |
| 12 | ABBVAbbvie Inchistory → | ABBV | 1.63% | $3M | 15.8K |
| 13 | PEPPepsiCohistory → | PEP | 1.59% | $3M | 16.1K |
| 14 | IPMLFImperial Metals Corphistory → | IPMLF | 1.58% | $3M | 1.76M |
| 15 | ORCLOracle Corphistory → | ORCL | 1.57% | $3M | 22.2K |
| 16 | KOCoca Cola Cohistory → | KO | 1.48% | $3M | 42.8K |
| 17 | MTDMettler Toledo Intlhistory → | MTD | 1.42% | $3M | 1.9K |
| 18 | GDGeneral Dynamics Corphistory → | GD | 1.34% | $2M | 8.4K |
| 19 | BKNGBooking Holdings Inchistory → | BKNG | 1.23% | $2M | 602 |
| 20 | Medtronic | MDT | 1.18% | $2M | 23.9K |
| 21 | IDXXIdexx Labs Inchistory → | IDXX | 1.12% | $2M | 3.7K |
| 22 | GSGoldman Sachs Group Inc.history → | GS | 1.07% | $2M | 4.5K |
| 23 | JPMJPMorgan Chase & Cohistory → | JPM | 1.01% | $2M | 8.9K |
| 24 | MHKMohawk Industries | MHK | 0.91% | $2M | 12.4K |
| 25 | CSXCSX Corp | CSX | 0.89% | $2M | 42.7K |
| 26 | AXPAmerican Express | AXP | 0.88% | $2M | 6.9K |
| 27 | BUDAB Inbev | BUD | 0.81% | $1M | 23.6K |
| 28 | LOWLowes | LOW | 0.76% | $1M | 5.3K |
| 29 | WFCWells Fargo | WFC | 0.73% | $1M | 22.4K |
| 30 | DHRDanaher Corp | DHR | 0.62% | $1M | 4.4K |
| 31 | ETNEaton Corp | ETN | 0.61% | $1M | 3.5K |
| 32 | CNICanadian National Railway | CNI | 0.59% | $1M | 8.0K |
| 33 | ABTAbbott Laboratories | ABT | 0.59% | $1M | 9.2K |
| 34 | AMGAffiliated Managers | AMG | 0.57% | $1M | 6.0K |
| 35 | SYYSysco Corp | SYY | 0.55% | $982,000 | 12.1K |
| 36 | AMZNAmazon | AMZN | 0.52% | $929,000 | 5.2K |
| 37 | EGEverest Re Group Inc | RE | 0.50% | $895,000 | 2.3K |
| 38 | Howard Hughs | HHC | 0.49% | $871,000 | 12.0K |
| 39 | BACBank of America | BAC | 0.48% | $859,000 | 22.7K |
| 40 | WYNNWynn Resorts | WYNN | 0.48% | $850,000 | 8.5K |
| 41 | CMCSAComcast | CMCSA | 0.47% | $836,000 | 19.3K |
| 42 | Vistaprint NV Cimpress | CMPR | 0.45% | $799,000 | 9.0K |
| 43 | United Parcel Service Inc | UPS | 0.44% | $780,000 | 5.3K |
| 44 | LECOLincoln Electric Holdings | LECO | 0.43% | $765,000 | 3.0K |
| 45 | Cedar Fair | FUN | 0.42% | $751,000 | 17.9K |
| 46 | CACCCredit Acceptance Corp | CACC | 0.41% | $724,000 | 1.3K |
| 47 | BABoeing Company | BA | 0.40% | $715,000 | 3.7K |
| 48 | John Marshall Bancorp | JMSB | 0.40% | $710,000 | 39.6K |
| 49 | PGProctor & Gamble Co | PG | 0.38% | $675,000 | 4.2K |
| 50 | JEFJefferies Financial | JEF | 0.37% | $656,000 | 14.9K |
| 51 | LDOSLeidos Holdings Inc | LDOS | 0.34% | $605,000 | 4.6K |
| 52 | FISVFiserv Inc | FISV | 0.34% | $598,000 | 3.7K |
| 53 | WBDWarner Brothers Discovery,inc | WBD | 0.33% | $594,000 | 68.0K |
| 54 | INTCIntel | INTC | 0.33% | $591,000 | 13.4K |
| 55 | MAMastercard | MA | 0.32% | $568,000 | 1.2K |
| 56 | WRBBerkley W R Corp | WRB | 0.30% | $536,000 | 6.1K |
| 57 | ESABESAB Corp | ESAB | 0.29% | $511,000 | 4.6K |
| 58 | Walgreens | WBA | 0.28% | $499,000 | 23.0K |
| 59 | TATT | T | 0.28% | $493,000 | 28.0K |
| 60 | CICigna Corp | CI | 0.25% | $443,000 | 1.2K |
| 61 | Colgate Palmolive | CL | 0.25% | $440,000 | 4.9K |
| 62 | METAMETA | META | 0.22% | $393,000 | 810 |
| 63 | KHCKraft Heintz Co | KHC | 0.22% | $389,000 | 10.5K |
| 64 | MDLZMondelez Intl Inc | MDLZ | 0.22% | $384,000 | 5.5K |
| 65 | FCNFTI Consulting, Inc. | FCN | 0.20% | $351,000 | 1.7K |
| 66 | BF/BBrown Forman | BFB | 0.20% | $351,000 | 6.8K |
| 67 | Liberty Global cl C | LBTYK · LBTYA | 0.19% | $332,000 | 19.2K |
| 68 | CABOCable One Inc. | CABO | 0.18% | $318,000 | 752 |
| 69 | ENOVEnovis Corp | ENOV | 0.17% | $297,000 | 4.8K |
| 70 | SEICSEI Investments | SEIC | 0.16% | $288,000 | 4.0K |
| 71 | AAPLApple Inc | AAPL | 0.15% | $274,000 | 1.6K |
| 72 | LBRDKLiberty Broadband cl C | LBRDK | 0.14% | $242,000 | 4.2K |
| 73 | Liberty Media Sirius C | LSXMK | 0.13% | $233,000 | 7.8K |
| 74 | WTWWillis Tower Watson | WTW | 0.13% | $227,000 | 826 |
| 75 | AAPAdvande Auto Parts | AAP | 0.12% | $217,000 | 2.5K |
| 76 | KDPKeurig Dr. Pepper | KDP | 0.10% | $180,000 | 5.9K |
| 77 | ECHOEchostar Corp | SATS | 0.09% | $159,000 | 11.2K |
| 78 | Ascent Industries Corp | ACNT | 0.09% | $155,000 | 15.2K |
| 79 | PARAAParamount Global | PARA | 0.07% | $129,000 | 10.9K |
| 80 | Liberty Media Sirius A | LSXMA | 0.06% | $111,000 | 3.7K |
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 ↗.