Managers / Q1 2022 · view latest →

Ulland Investment Advisors, LLC

CIK 0001911497 · 80 SOUTH 8TH ST., 4550 IDS CENTER, MINNEAPOLIS, MN, 55402 · 6123121400

Reported Value

$133M

Q1 2022

Positions

267

Filings on Record

2019–present window

Filed

May 9, 2022

original filing

Summary

Ulland Investment Advisors, LLC reported $133M in U.S.-listed holdings across 267 positions for Q1 2022.

Its largest position, GOOG, represents 8.9% of the portfolio.

Compared with Q4 2021, the fund opened 61 new positions and exited 11.

Portfolio Metrics

Turnover

+7.3%

vs prior filed quarter

Top-10 Concentration

+48.4%

share of reported value

Largest Position

+8.9%

Alphabet

New / Exited

61 / 11

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 · 70.3% · $94M
ETP · 28.3% · $38M
Other · 1.3% · $2M
ADR · 0.0% · $64,000
REIT · 0.0% · $49,000
Closed-End Fund · 0.0% · $48,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
SVB Financial Group	NEW	+7.9K	7.9K	+$4M	$4M
XLE Energy Select Sector SPDR Fund	NEW	+17.7K	17.7K	+$1M	$1M
XOP SPDR S&P Oil & Gas Exploration & Production ETF	NEW	+1.0K	1.0K	+$138,000	$138,000
ACES ALPS Clean Energy ETF	NEW	+1.3K	1.3K	+$82,000	$82,000
KraneShares European Carbon ETF	NEW	+2.0K	2.0K	+$58,000	$58,000
Miromatrix Medical, Inc.	NEW	+12.0K	12.0K	+$48,000	$48,000
ACN Accenture, PLC	NEW	+85	85	+$29,000	$29,000
EMR Emerson Electric Company	NEW	+265	265	+$26,000	$26,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2022

265 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	GOOG Alphabet, Inc.	Stock	8.92%	$12M	4.3K
2	QQQ Invesco QQQ Trust history →	ETF	5.90%	$8M	21.7K
3	WFC Wells Fargo Capital 7.50 history →	Convertible Preferred	5.79%	$8M	5.8K
4	UNH UnitedHealth Group, Inc.history →	Stock	5.65%	$8M	14.8K
5	AAPL Apple, Inc.history →	Stock	5.36%	$7M	40.9K
6	AMZN Amazon.com, Inc.history →	Stock	4.22%	$6M	1.7K
7	SVB Financial Group	Stock	3.29%	$4M	7.9K
8	EEFT Euronet Worldwide, Inc.history →	Stock	3.13%	$4M	32.1K
9	META Meta Platforms, Inc.history →	Stock	3.06%	$4M	18.4K
10	SKY Skyline Champion Corporation history →	Stock	3.03%	$4M	73.7K
11	IUSG iShares Core S&P U.S. Growth ETF history →	ETF	2.78%	$4M	35.1K
12	AXON Axon Enterprise, Inc.history →	Stock	2.77%	$4M	26.8K
13	LOW Lowe's Companies, Inc.history →	Stock	2.68%	$4M	17.7K
14	ICE Intercontinental Exchange, Inc.history →	Stock	2.64%	$4M	26.7K
15	SCHM Schwab U.S. Mid-Cap ETF history →	ETF	2.59%	$3M	45.5K
16	PSI Invesco Dynamic Semiconductors ETF history →	ETF	2.56%	$3M	26.4K
17	V Visa, Inc.history →	Stock	2.55%	$3M	15.3K
18	BRK/A Berkshire Hathaway Inc.	Stock	2.10%	$3M	1.9K
19	SCHX Schwab U.S. Large Cap ETF history →	ETF	1.92%	$3M	47.5K
20	PTH Invesco DWA Healthcare Momentum ETF history →	ETF	1.62%	$2M	16.1K
21	FIS Fidelity National Information Services, Inc.history →	Stock	1.57%	$2M	20.8K
22	SPY SPDR S&P 500 ETF history →	ETF	1.39%	$2M	4.1K
23	CLF Cleveland Cliffs, Inc.history →	Stock	1.28%	$2M	53.2K
24	Laboratory Corporation of America Holdings	Stock	1.15%	$2M	5.8K
25	KraneShares Global Carbon ETF	ETF	1.04%	$1M	29.6K
26	BSX Boston Scientific Group history →	Stock	1.03%	$1M	31.1K
27	XLE Energy Select Sector SPDR Fund history →	ETF	1.01%	$1M	17.7K
28	INTU Intuit, Inc.	Stock	0.95%	$1M	2.6K
29	BUG Global X Cybersecurity	ETF	0.94%	$1M	39.7K
30	DSI iShares MSCI KLD 400 Social ETF	ETF	0.93%	$1M	14.3K
31	EA Electronic Arts, Inc.	Stock	0.83%	$1M	8.7K
32	SUSA iShares MSCI USA ESG Select ETF	ETF	0.77%	$1M	10.7K
33	STEM Stem, Inc.	Stock	0.74%	$986,000	89.6K
34	PFE Pfizer, Inc.	Stock	0.73%	$972,000	18.8K
35	JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	ETF	0.69%	$922,000	14.2K
36	AAP Advance Auto Parts, Inc.	Stock	0.62%	$830,000	4.0K
37	ISRG Intuitive Surgical, Inc.	Stock	0.55%	$738,000	2.4K
38	SPDR MSCI ACWI Low Carbon Target ETF	ETF	0.49%	$657,000	5.3K
39	MSFT Microsoft Corporation	Stock	0.46%	$616,000	2.0K
40	MS Morgan Stanley	Stock	0.39%	$522,000	6.0K
41	HD The Home Depot, Inc.	Stock	0.39%	$516,000	1.7K
42	SCHD Schwab US Dividend ETF	ETF	0.34%	$459,000	5.8K
43	VFH Vanguard Financials ETF	ETF	0.33%	$441,000	4.7K
44	MSOS AdvisorShares Pure US Cannabis ETF	ETF	0.31%	$416,000	19.9K
45	IWR iShares Russell Mid-Cap ETF	ETF	0.31%	$414,000	5.3K
46	VOO Vanguard S&P 500 ETF	ETF	0.31%	$409,000	984
47	ECL Ecolab, Inc.	Stock	0.30%	$394,000	2.2K
48	MMM 3M Company	Stock	0.25%	$333,000	2.2K
49	COST Costco Wholesale Corporation	Stock	0.25%	$331,000	575
50	TSLA Tesla Motors, Inc.	Stock	0.25%	$328,000	304
51	JNJ Johnson & Johnson	Stock	0.24%	$319,000	1.8K
52	DGII Digi International, Inc.	Stock	0.22%	$295,000	13.7K
53	BDX Becton, Dickinson and Company	Stock	0.22%	$293,000	1.1K
54	PG Procter & Gamble Corporation	Stock	0.21%	$276,000	1.8K
55	SCHA Schwab U.S. Small Cap ETF	ETF	0.20%	$261,000	5.5K
56	HON Honeywell International, Inc.	Stock	0.19%	$255,000	1.3K
57	SKYY First Trust Cloud Computing ETF	ETF	0.19%	$253,000	2.8K
58	SLYG SPDR S&P 600 Small Cap Growth ETF	ETF	0.19%	$247,000	3.0K
59	XLV Health Care Select Sector SPDR Fund	ETF	0.18%	$240,000	1.8K
60	LGLV SPDR SSGA US Large Cap Low Volatility ETF	ETF	0.18%	$238,000	1.7K
61	RTX Raytheon Technologies	Stock	0.16%	$208,000	2.1K
62	ICLN iShares Global Clean Energy	ETF	0.13%	$178,000	8.3K
63	JPM JP Morgan Chase & Co.	Stock	0.12%	$160,000	1.2K
64	CAT Caterpillar, Inc.	Stock	0.12%	$159,000	715
65	PM Philip Morris International, Inc.	Stock	0.12%	$157,000	1.7K
66	XOP SPDR S&P Oil & Gas Exploration & Production ETF	ETF	0.10%	$138,000	1.0K
67	TT Trane Technologies, Plc	Stock	0.10%	$129,000	845
68	AXP American Express Company	Stock	0.09%	$122,000	650
69	CVX Chevron Corporation	Stock	0.09%	$117,000	718
70	HCA HCA Healthcare, Inc.	Stock	0.09%	$117,000	467
71	EW Edwards Life Sciences	Stock	0.08%	$110,000	935
72	GENZ VanEck Vectors Gaming ETF	ETF	0.08%	$110,000	2.8K
73	Pershing Square Tontine Holdings, Ltd.	Stock	0.08%	$108,000	5.5K
74	TGT Target Corporation	Stock	0.08%	$107,000	505
75	VTI Vanguard Total Stock Market ETF	ETF	0.08%	$105,000	460
76	CARR Carrier Global Corporation	Stock	0.07%	$96,000	2.1K
77	VPU Vanguard Utilities ETF	ETF	0.07%	$91,000	563
78	XLF Financial Select Sector SPDR Fund	ETF	0.07%	$90,000	2.3K
79	USB US Bancorp	Stock	0.07%	$90,000	1.7K
80	PEP Pepsico, Inc.	Stock	0.07%	$88,000	528
81	NSC Norfolk Southern Corporation	Stock	0.06%	$86,000	300
82	SYK Stryker Corporation	Stock	0.06%	$86,000	320
83	MRK Merck & Co., Inc.	Stock	0.06%	$83,000	1.0K
84	ACES ALPS Clean Energy ETF	ETF	0.06%	$82,000	1.3K
85	OTIS Otis Worldwide Corporation	Stock	0.06%	$81,000	1.0K
86	VB Vanguard Small Cap ETF	ETF	0.06%	$74,000	350
87	VZ Verizon Communications	Stock	0.05%	$71,000	1.4K
88	WFC Wells Fargo & Company	Stock	0.05%	$70,000	1.4K
89	XLI Industrial Select Sector SPDR Fund	ETF	0.05%	$70,000	675
90	IGV iShares Expanded Tech-Software Sector ETF	ETF	0.05%	$69,000	200
91	GS Goldman Sachs Group, Inc.	Stock	0.05%	$66,000	200
92	DBC Invesco DB Commodity Index Tracking Fund	ETF	0.05%	$65,000	2.5K
93	CVNA Carvana Corporation	Stock	0.05%	$63,000	525
94	MELI MercadoLibre, Inc.	Stock	0.05%	$61,000	51
95	PGR The Progressive Corporation	Stock	0.04%	$60,000	530
96	SMLR Semler Scientific, Inc.	Stock	0.04%	$58,000	1.2K
97	CNP CenterPoint Energy, Inc.	Stock	0.04%	$58,000	1.9K
98	KraneShares European Carbon ETF	ETF	0.04%	$58,000	2.0K
99	LLY Eli Lilly and Company	Stock	0.04%	$57,000	200
100	IYZ iShares U.S. Telecommunications ETF	ETF	0.04%	$56,000	1.9K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$117M	213	Apr 27, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$125M	218	Jan 8, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	$133M	228	Nov 13, 2025	13F-HR	changes · EDGAR ↗
Q2 2025	$131M	213	Jul 24, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$120M	225	Apr 15, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$157M	212	Jan 16, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$137M	205	Oct 15, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$144M	223	Jul 16, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$125M	234	Apr 25, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$99M	211	Jan 16, 2024	13F-HR	changes · EDGAR ↗
Q3 2023	$91M	218	Oct 23, 2023	13F-HR	changes · EDGAR ↗
Q2 2023	$97M	218	Jul 20, 2023	13F-HR	changes · EDGAR ↗
Q1 2023	$85M	213	Apr 17, 2023	13F-HR	changes · EDGAR ↗
Q4 2022	$84M	222	Jan 31, 2023	13F-HR	changes · EDGAR ↗
Q3 2022	$92M	227	Oct 12, 2022	13F-HR	changes · EDGAR ↗
Q2 2022	$98M	254	Jul 25, 2022	13F-HR	changes · EDGAR ↗
Q1 2022	$133M	267	May 9, 2022	13F-HR	changes · EDGAR ↗
Q4 2021	$157M	226	Feb 16, 2022	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 ↗.