13F HOLDINGS REPORT
Citadel Investment Advisory, Inc.
Quarter ended Q4 2025 · Filed January 21, 2026 · Accession 0001811907-26-000001
Total Value
$231.4M
Positions
79
Other Managers
0
Confidential Omitted
No
Holdings (79)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Beckshire Hathaway | BRK-A | 105,812 | $53,187 | 22.98% |
| 2 | Markel Corp | MKL | 15,619 | $33,575 | 14.51% |
| 3 | Alphabet Inc. Class A | GOOG | 47,534 | $14,878 | 6.43% |
| 4 | Imperial Metals Corp | 452892102 | 1,748,340 | $12,766 | 5.52% |
| 5 | Alphabet Inc. Class C | GOOG | 27,845 | $8,738 | 3.78% |
| 6 | Microsoft Corp | MSFT | 14,917 | $7,214 | 3.12% |
| 7 | Philip Morris Intl | 718172109 | 39,580 | $6,349 | 2.74% |
| 8 | Raytheon Technologies Corp | RTX | 28,563 | $5,238 | 2.26% |
| 9 | IBM Corp | INTR | 17,175 | $5,087 | 2.20% |
| 10 | Johnson & Johnson | JNJ | 23,236 | $4,809 | 2.08% |
| 11 | Oracle Corp | ORCL-PD | 23,150 | $4,512 | 1.95% |
| 12 | Abbvie Inc | ABBV | 18,291 | $4,179 | 1.81% |
| 13 | Moodys Corp | MCO | 7,702 | $3,934 | 1.70% |
| 14 | Goldman Sachs Group Inc. | GSCE | 4,262 | $3,746 | 1.62% |
| 15 | McDonald's | MCD | 10,514 | $3,213 | 1.39% |
| 16 | Booking Holdings Inc | BKNG | 573 | $3,069 | 1.33% |
| 17 | General Dynamics Corp | GD | 8,411 | $2,832 | 1.22% |
| 18 | JPMorgan Chase & Co | VYLD | 8,599 | $2,771 | 1.20% |
| 19 | Coca Cola Co | KO | 39,603 | $2,769 | 1.20% |
| 20 | Disney Company | 254687106 | 22,636 | $2,575 | 1.11% |
| 21 | Mettler Toledo Intl | MTD | 1,700 | $2,370 | 1.02% |
| 22 | Idexx Labs Inc | 45168D104 | 3,682 | $2,346 | 1.01% |
| 23 | PepsiCo | PEP | 15,768 | $2,263 | 0.98% |
| 24 | American Express | AXP | 6,032 | $2,232 | 0.96% |
| 25 | Berkley W R Corp | WRB-PH | 29,693 | $2,082 | 0.90% |
| 26 | Medtronic | MDT | 21,316 | $2,048 | 0.88% |
| 27 | Wells Fargo | 949746101 | 20,141 | $1,877 | 0.81% |
| 28 | Affiliated Managers | MGRE | 6,452 | $1,860 | 0.80% |
| 29 | Warner Brothers Discovery,inc | WBD | 52,572 | $1,515 | 0.65% |
| 30 | CSX Corp | CSX | 38,860 | $1,409 | 0.61% |
| 31 | Bank of America | 060505104 | 21,735 | $1,195 | 0.52% |
| 32 | Credit Acceptance Corp | 225310101 | 2,650 | $1,175 | 0.51% |
| 33 | Mohawk Industries | 608190104 | 10,661 | $1,165 | 0.50% |
| 34 | Jefferies Financial | 47233W109 | 18,480 | $1,145 | 0.49% |
| 35 | Abbott Laboratories | ABLZF | 8,964 | $1,123 | 0.49% |
| 36 | Amazon | AMZN | 4,732 | $1,092 | 0.47% |
| 37 | AB Inbev | BUDFF | 16,950 | $1,085 | 0.47% |
| 38 | Lowes | 548661107 | 4,335 | $1,045 | 0.45% |
| 39 | Eaton Corp | ETN | 3,244 | $1,033 | 0.45% |
| 40 | Danaher Corp | 235851102 | 4,348 | $995 | 0.43% |
| 41 | Howard Hughs | HHH | 11,692 | $933 | 0.40% |
| 42 | John Marshall Bancorp | JMSB | 38,200 | $764 | 0.33% |
| 43 | Canadian National Railway | 136375102 | 7,711 | $762 | 0.33% |
| 44 | Boeing Company | BA-PA | 3,495 | $759 | 0.33% |
| 45 | Leidos Holdings Inc | LDOS | 4,177 | $754 | 0.33% |
| 46 | Everest Re Group Inc | EG | 2,127 | $722 | 0.31% |
| 47 | Sysco Corp | SYY | 9,788 | $721 | 0.31% |
| 48 | Wynn Resorts | WYNN | 5,961 | $717 | 0.31% |
| 49 | Mastercard | MA | 1,155 | $659 | 0.28% |
| 50 | Vistaprint NV Cimpress | N93540107 | 8,575 | $571 | 0.25% |
| 51 | Proctor & Gamble Co | 742718109 | 3,675 | $527 | 0.23% |
| 52 | META | META | 790 | $521 | 0.23% |
| 53 | Comcast | CCZ | 16,230 | $485 | 0.21% |
| 54 | Apple Inc | AAPL | 1,500 | $408 | 0.18% |
| 55 | United Parcel Service Inc | UPS | 3,878 | $385 | 0.17% |
| 56 | ESAB Corp | ESAB | 3,286 | $367 | 0.16% |
| 57 | ATT | T-PC | 14,077 | $350 | 0.15% |
| 58 | Lincoln Electric Holdings | 533900106 | 1,421 | $340 | 0.15% |
| 59 | MSCI Inc | MSCI | 585 | $336 | 0.15% |
| 60 | SEI Investments | 784117103 | 3,940 | $323 | 0.14% |
| 61 | Cigna Corp | 125523100 | 1,084 | $298 | 0.13% |
| 62 | FTI Consulting, Inc. | FCN | 1,670 | $285 | 0.12% |
| 63 | Colgate Palmolive | CL | 3,397 | $268 | 0.12% |
| 64 | Willis Tower Watson | WTW | 817 | $268 | 0.12% |
| 65 | Mondelez Intl Inc | 609207105 | 4,595 | $247 | 0.11% |
| 66 | Fiserv Inc | FISV | 3,550 | $238 | 0.10% |
| 67 | Capital One | 14040H105 | 950 | $230 | 0.10% |
| 68 | Keurig Dr. Pepper | KDP | 7,795 | $218 | 0.09% |
| 69 | Radiant Logistics | RLGT | 33,052 | $209 | 0.09% |
| 70 | White Mountains | G9618E107 | 100 | $208 | 0.09% |
| 71 | Pinnacle Financial Partners | 72346Q104 | 1,909 | $182 | 0.08% |
| 72 | Brown Forman | BF-B | 6,804 | $177 | 0.08% |
| 73 | Kraft Heintz Co | KHC | 6,753 | $164 | 0.07% |
| 74 | Liberty Broadband cl C | LBRDP | 3,324 | $162 | 0.07% |
| 75 | Sirius XM Holdings | SIRI | 7,396 | $148 | 0.06% |
| 76 | Liberty Global cl C | LBTYK | 7,967 | $88 | 0.04% |
| 77 | Enovis Corp | ENOV | 2,757 | $73 | 0.03% |
| 78 | Liberty Global cl A | LBTYK | 5,651 | $63 | 0.03% |
| 79 | Cable One Inc. | CABO | 215 | $24 | 0.01% |