13F HOLDINGS REPORT
Citadel Investment Advisory, Inc.
Quarter ended Q2 2025 · Filed August 5, 2025 · Accession 0001811907-25-000003
Total Value
$156.0M
Positions
83
Other Managers
0
Confidential Omitted
No
Holdings (83)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Beckshire Hathaway | BRK-A | 105,415 | $50,479 | 24.45% |
| 2 | Markel Corp | MKL | 15,437 | $30,833 | 14.93% |
| 3 | Alphabet Inc. Class A | GOOG | 49,730 | $8,764 | 4.24% |
| 4 | Microsoft Corp | MSFT | 14,927 | $7,425 | 3.60% |
| 5 | Philip Morris Intl | 718172109 | 39,580 | $7,209 | 3.49% |
| 6 | Imperial Metals Corp | 452892102 | 1,769,437 | $6,264 | 3.03% |
| 7 | Alphabet Inc. Class C | GOOG | 29,015 | $5,147 | 2.49% |
| 8 | IBM Corp | INTR | 17,185 | $5,066 | 2.45% |
| 9 | Oracle Corp | ORCL-PD | 23,150 | $5,061 | 2.45% |
| 10 | Raytheon Technologies Corp | RTX | 28,571 | $4,172 | 2.02% |
| 11 | Moodys Corp | MCO | 7,702 | $3,863 | 1.87% |
| 12 | Johnson & Johnson | JNJ | 23,471 | $3,585 | 1.74% |
| 13 | Booking Holdings Inc | BKNG | 593 | $3,433 | 1.66% |
| 14 | Abbvie Inc | ABBV | 18,316 | $3,400 | 1.65% |
| 15 | McDonald's | MCD | 10,526 | $3,075 | 1.49% |
| 16 | Goldman Sachs Group Inc. | GSCE | 4,262 | $3,016 | 1.46% |
| 17 | Disney Company | 254687106 | 23,224 | $2,880 | 1.39% |
| 18 | Coca Cola Co | KO | 40,403 | $2,859 | 1.38% |
| 19 | JPMorgan Chase & Co | VYLD | 8,599 | $2,493 | 1.21% |
| 20 | General Dynamics Corp | GD | 8,411 | $2,453 | 1.19% |
| 21 | PepsiCo | PEP | 15,968 | $2,108 | 1.02% |
| 22 | Mettler Toledo Intl | MTD | 1,710 | $2,009 | 0.97% |
| 23 | Idexx Labs Inc | 45168D104 | 3,682 | $1,975 | 0.96% |
| 24 | Medtronic | MDT | 22,436 | $1,956 | 0.95% |
| 25 | American Express | AXP | 6,032 | $1,924 | 0.93% |
| 26 | Cedar Fair | 150185106 | 58,487 | $1,780 | 0.86% |
| 27 | Wells Fargo | 949746101 | 20,341 | $1,630 | 0.79% |
| 28 | AB Inbev | BUDFF | 21,369 | $1,468 | 0.71% |
| 29 | Credit Acceptance Corp | 225310101 | 2,702 | $1,376 | 0.67% |
| 30 | Mohawk Industries | 608190104 | 12,871 | $1,349 | 0.65% |
| 31 | CSX Corp | CSX | 40,910 | $1,335 | 0.65% |
| 32 | Affiliated Managers | MGRE | 6,449 | $1,269 | 0.61% |
| 33 | Abbott Laboratories | ABLZF | 90,164 | $1,233 | 0.60% |
| 34 | Eaton Corp | ETN | 3,244 | $1,158 | 0.56% |
| 35 | Amazon | AMZN | 4,772 | $1,047 | 0.51% |
| 36 | Bank of America | 060505104 | 21,895 | $1,036 | 0.50% |
| 37 | Jefferies Financial | 47233W109 | 18,420 | $1,007 | 0.49% |
| 38 | Lowes | 548661107 | 4,420 | $981 | 0.48% |
| 39 | Danaher Corp | 235851102 | 4,348 | $859 | 0.42% |
| 40 | Sysco Corp | SYY | 10,588 | $802 | 0.39% |
| 41 | Canadian National Railway | 136375102 | 7,711 | $802 | 0.39% |
| 42 | Howard Hughs | HHH | 11,792 | $796 | 0.39% |
| 43 | Boeing Company | BA-PA | 3,495 | $732 | 0.35% |
| 44 | Everest Re Group Inc | EG | 2,127 | $723 | 0.35% |
| 45 | John Marshall Bancorp | JMSB | 38,300 | $710 | 0.34% |
| 46 | Leidos Holdings Inc | LDOS | 4,367 | $689 | 0.33% |
| 47 | Berkley W R Corp | WRB-PH | 8,928 | $656 | 0.32% |
| 48 | Mastercard | MA | 1,155 | $649 | 0.31% |
| 49 | Proctor & Gamble Co | 742718109 | 4,012 | $639 | 0.31% |
| 50 | Fiserv Inc | FISV | 3,550 | $612 | 0.30% |
| 51 | Warner Brothers Discovery,inc | WBD | 52,679 | $604 | 0.29% |
| 52 | META | META | 810 | $598 | 0.29% |
| 53 | Comcast | CCZ | 16,430 | $586 | 0.28% |
| 54 | Wynn Resorts | WYNN | 5,961 | $558 | 0.27% |
| 55 | ESAB Corp | ESAB | 3,727 | $449 | 0.22% |
| 56 | United Parcel Service Inc | UPS | 4,431 | $447 | 0.22% |
| 57 | ATT | T-PC | 14,531 | $421 | 0.20% |
| 58 | Vistaprint NV Cimpress | N93540107 | 8,575 | $403 | 0.20% |
| 59 | Cigna Corp | 125523100 | 1,131 | $374 | 0.18% |
| 60 | Colgate Palmolive | CL | 3,997 | $363 | 0.18% |
| 61 | SEI Investments | 784117103 | 3,940 | $354 | 0.17% |
| 62 | Liberty Broadband cl C | LBRDP | 3,412 | $336 | 0.16% |
| 63 | MSCI Inc | MSCI | 580 | $335 | 0.16% |
| 64 | Apple Inc | AAPL | 1,600 | $328 | 0.16% |
| 65 | Lincoln Electric Holdings | 533900106 | 1,571 | $326 | 0.16% |
| 66 | Mondelez Intl Inc | 609207105 | 4,699 | $317 | 0.15% |
| 67 | FTI Consulting, Inc. | FCN | 1,670 | $270 | 0.13% |
| 68 | Keurig Dr. Pepper | KDP | 7,845 | $259 | 0.13% |
| 69 | Willis Tower Watson | WTW | 817 | $250 | 0.12% |
| 70 | Intel | INTC | 10,710 | $240 | 0.12% |
| 71 | Pinnacle Financial Partners | 72346Q104 | 1,909 | $211 | 0.10% |
| 72 | Capital One | 14040H105 | 950 | $202 | 0.10% |
| 73 | Sirius XM Holdings | SIRI | 8,491 | $195 | 0.09% |
| 74 | Kraft Heintz Co | KHC | 7,298 | $188 | 0.09% |
| 75 | Ascent Industries Corp | ACNT | 14,701 | $185 | 0.09% |
| 76 | Brown Forman | BF-B | 6,804 | $183 | 0.09% |
| 77 | White Mountains | G9618E107 | 100 | $180 | 0.09% |
| 78 | Echostar Corp | SATS | 4,982 | $114 | 0.06% |
| 79 | Enovis Corp | ENOV | 2,889 | $91 | 0.04% |
| 80 | Paramount Global | 92556H107 | 6,738 | $87 | 0.04% |
| 81 | Cable One Inc. | CABO | 610 | $83 | 0.04% |
| 82 | Liberty Global cl C | LBTYK | 7,967 | $82 | 0.04% |
| 83 | Liberty Global cl A | LBTYK | 6,107 | $61 | 0.03% |