Managers / Q3 2024 · view latest →
Citadel Investment Advisory, Inc.
CIK 0001811907 · PO BOX 900, CHESTERLAND, OH, 44026 · 440-942-8877
Reported Value
$190M
Q3 2024
Positions
81
Filings on Record
22
2021–present window
Filed
Oct 16, 2024
original filing
Summary
Citadel Investment Advisory, Inc. reported $190M in U.S.-listed holdings across 81 positions for Q3 2024.
The portfolio is heavily concentrated: BRK/B alone accounts for 26.4% of reported value.
Compared with Q2 2024, the fund opened 1 new position and exited 2.
Portfolio Metrics
Turnover
+1.5%
vs prior filed quarter
Top-10 Concentration
+62.7%
share of reported value
Largest Position
+26.4%
Beckshire Hathaway
New / Exited
1 / 2
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 · 95.9% · $183M
- Other · 3.0% · $6M
- ADR · 0.8% · $1M
- PUBLIC · 0.2% · $462,000
Quarter-over-Quarter Changes full breakdown →
vs Q2 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| Sirius XM Holdings | NEW | +9.3K | 9.3K | +$220,000 | $220,000 |
| Liberty Media Sirius C | SOLD OUT | −7.7K | 0 | −$170,000 | $0 |
| Liberty Media Sirius A | SOLD OUT | −3.6K | 0 | −$79,000 | $0 |
| WRBBerkley W R Corp | ADDED | +3.0K | 9.1K | +$39,000 | $516,000 |
| Walgreens | TRIMMED | −2.6K | 17.2K | −$86,000 | $154,000 |
| ECHOEchostar Corp | TRIMMED | −879 | 6.7K | +$31,000 | $166,000 |
| ENOVEnovis Corp | TRIMMED | −397 | 3.2K | −$24,000 | $138,000 |
| WYNNWynn Resorts | TRIMMED | −500 | 6.8K | −$2,000 | $648,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2024
79 positions (from 81 filing rows — )
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BRK/BBeckshire Hathawayhistory → | BRKB | 26.38% | $50M | 109.0K |
| 2 | MKLMarkel Corphistory → | MKL | 13.12% | $25M | 15.9K |
| 3 | GOOGLAlphabet Inc. Class A | GOOGL | 7.06% | $13M | 77.5K |
| 4 | MSFTMicrosoft Corphistory → | MSFT | 3.49% | $7M | 15.4K |
| 5 | PMPhilip Morris Intlhistory → | PM | 2.65% | $5M | 41.5K |
| 6 | JNJJohnson & Johnsonhistory → | JNJ | 2.09% | $4M | 24.5K |
| 7 | IBMIBM Corphistory → | IBM | 2.05% | $4M | 17.6K |
| 8 | ORCLOracle Corphistory → | ORCL | 2.02% | $4M | 22.6K |
| 9 | MCOMoodys Corphistory → | MCO | 1.96% | $4M | 7.9K |
| 10 | RTXRaytheon Technologies Corphistory → | RTX | 1.92% | $4M | 30.1K |
| 11 | MCDMcDonald'shistory → | MCD | 1.76% | $3M | 11.0K |
| 12 | ABBVAbbvie Inchistory → | ABBV | 1.69% | $3M | 16.2K |
| 13 | KOCoca Cola Cohistory → | KO | 1.63% | $3M | 43.2K |
| 14 | IPMLFImperial Metals Corphistory → | IPMLF | 1.57% | $3M | 1.76M |
| 15 | MTDMettler Toledo Intlhistory → | MTD | 1.48% | $3M | 1.9K |
| 16 | PEPPepsiCohistory → | PEP | 1.48% | $3M | 16.5K |
| 17 | GDGeneral Dynamics Corphistory → | GD | 1.40% | $3M | 8.8K |
| 18 | BKNGBooking Holdings Inchistory → | BKNG | 1.32% | $3M | 598 |
| 19 | DISDisney Companyhistory → | DIS | 1.28% | $2M | 25.4K |
| 20 | GSGoldman Sachs Group Inc.history → | GS | 1.17% | $2M | 4.5K |
| 21 | Medtronic | MDT | 1.15% | $2M | 24.2K |
| 22 | MHKMohawk Industrieshistory → | MHK | 1.08% | $2M | 12.8K |
| 23 | JPMJPMorgan Chase & Co | JPM | 0.99% | $2M | 8.9K |
| 24 | AXPAmerican Express | AXP | 0.98% | $2M | 6.9K |
| 25 | IDXXIdexx Labs Inc | IDXX | 0.98% | $2M | 3.7K |
| 26 | CSXCSX Corp | CSX | 0.81% | $2M | 44.4K |
| 27 | BUDAB Inbev | BUD | 0.78% | $1M | 22.4K |
| 28 | LOWLowes | LOW | 0.71% | $1M | 5.0K |
| 29 | DHRDanaher Corp | DHR | 0.64% | $1M | 4.4K |
| 30 | WFCWells Fargo | WFC | 0.63% | $1M | 21.1K |
| 31 | ABTAbbott Laboratories | ABT | 0.58% | $1M | 9.7K |
| 32 | ETNEaton Corp | ETN | 0.57% | $1M | 3.5K |
| 33 | AMGAffiliated Managers | AMG | 0.55% | $1M | 5.9K |
| 34 | AMZNAmazon | AMZN | 0.50% | $945,000 | 5.1K |
| 35 | CNICanadian National Railway | CNI | 0.49% | $938,000 | 8.0K |
| 36 | SYYSysco Corp | SYY | 0.49% | $935,000 | 12.0K |
| 37 | Howard Hughs | HHC | 0.49% | $929,000 | 12.0K |
| 38 | JEFJefferies Financial | JEF | 0.48% | $916,000 | 14.9K |
| 39 | EGEverest Re Group Inc | RE | 0.46% | $873,000 | 2.2K |
| 40 | BACBank of America | BAC | 0.46% | $870,000 | 21.9K |
| 41 | John Marshall Bancorp | JMSB | 0.41% | $787,000 | 39.8K |
| 42 | CMCSAComcast | CMCSA | 0.41% | $774,000 | 18.5K |
| 43 | LDOSLeidos Holdings Inc | LDOS | 0.39% | $736,000 | 4.5K |
| 44 | Cedar Fair | FUN | 0.38% | $723,000 | 17.9K |
| 45 | PGProctor & Gamble Co | PG | 0.38% | $721,000 | 4.2K |
| 46 | United Parcel Service Inc | UPS | 0.38% | $717,000 | 5.3K |
| 47 | Vistaprint NV Cimpress | CMPR | 0.37% | $711,000 | 8.7K |
| 48 | FISVFiserv Inc | FISV | 0.35% | $672,000 | 3.7K |
| 49 | WYNNWynn Resorts | WYNN | 0.34% | $648,000 | 6.8K |
| 50 | CACCCredit Acceptance Corp | CACC | 0.31% | $582,000 | 1.3K |
| 51 | MAMastercard | MA | 0.30% | $570,000 | 1.2K |
| 52 | BABoeing Company | BA | 0.29% | $545,000 | 3.6K |
| 53 | WRBBerkley W R Corp | WRB | 0.27% | $516,000 | 9.1K |
| 54 | LECOLincoln Electric Holdings | LECO | 0.26% | $498,000 | 2.6K |
| 55 | WBDWarner Brothers Discovery,inc | WBD | 0.25% | $474,000 | 57.5K |
| 56 | METAMETA | META | 0.24% | $464,000 | 810 |
| 57 | Colgate Palmolive | CL | 0.24% | $462,000 | 4.4K |
| 58 | ESABESAB Corp | ESAB | 0.24% | $453,000 | 4.3K |
| 59 | CICigna Corp | CI | 0.21% | $408,000 | 1.2K |
| 60 | FCNFTI Consulting, Inc. | FCN | 0.20% | $380,000 | 1.7K |
| 61 | AAPLApple Inc | AAPL | 0.20% | $373,000 | 1.6K |
| 62 | TATT | T | 0.19% | $368,000 | 16.7K |
| 63 | Liberty Global cl C | LBTYK · LBTYA | 0.19% | $363,000 | 17.0K |
| 64 | MDLZMondelez Intl Inc | MDLZ | 0.19% | $359,000 | 4.9K |
| 65 | BF/BBrown Forman | BFB | 0.18% | $335,000 | 6.8K |
| 66 | INTCIntel | INTC | 0.16% | $306,000 | 13.0K |
| 67 | KHCKraft Heintz Co | KHC | 0.16% | $297,000 | 8.5K |
| 68 | LBRDKLiberty Broadband cl C | LBRDK | 0.15% | $283,000 | 3.7K |
| 69 | SEICSEI Investments | SEIC | 0.14% | $273,000 | 3.9K |
| 70 | WTWWillis Tower Watson | WTW | 0.13% | $243,000 | 826 |
| 71 | CABOCable One Inc. | CABO | 0.13% | $241,000 | 688 |
| 72 | KDPKeurig Dr. Pepper | KDP | 0.12% | $227,000 | 6.0K |
| 73 | Sirius XM Holdings | SIRI | 0.12% | $220,000 | 9.3K |
| 74 | ECHOEchostar Corp | SATS | 0.09% | $166,000 | 6.7K |
| 75 | Walgreens | WBA | 0.08% | $154,000 | 17.2K |
| 76 | Ascent Industries Corp | ACNT | 0.08% | $147,000 | 15.2K |
| 77 | ENOVEnovis Corp | ENOV | 0.07% | $138,000 | 3.2K |
| 78 | AAPAdvance Auto Parts | AAP | 0.05% | $94,000 | 2.4K |
| 79 | PARAAParamount Global | PARA | 0.05% | $94,000 | 8.9K |
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 ↗.