Managers / Q2 2022 · view latest →

Ulland Investment Advisors, LLC

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

Reported Value

$98M

Q2 2022

Positions

254

Filings on Record

2019–present window

Filed

Jul 25, 2022

original filing

Summary

Ulland Investment Advisors, LLC reported $98M in U.S.-listed holdings across 254 positions for Q2 2022.

Its largest position, GOOG, represents 9.0% of the portfolio.

Compared with Q1 2022, the fund opened 14 new positions and exited 27.

Portfolio Metrics

Turnover

+2.7%

vs prior filed quarter

Top-10 Concentration

+47.0%

share of reported value

Largest Position

+9.0%

Alphabet

New / Exited

14 / 27

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 · 70.9% · $69M
ETP · 27.8% · $27M
Other · 1.2% · $1M
ADR · 0.1% · $66,000
Closed-End Fund · 0.0% · $43,000
REIT · 0.0% · $25,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
EXE Chesapeake Energy Corporation	NEW	+15.6K	15.6K	+$1M	$1M
DVN Devon Energy Corporation	NEW	+13.2K	13.2K	+$729,000	$729,000
RRC Range Resources Corporation	NEW	+28.9K	28.9K	+$715,000	$715,000
AMLP Alerian MLP ETF	NEW	+2.5K	2.5K	+$86,000	$86,000
ASTL Algoma Steel Group, Inc.	NEW	+6.2K	6.2K	+$55,000	$55,000
Lions Gate Entertainment Corporation	NEW	+3.0K	3.0K	+$26,000	$26,000
PDBC Invesco Optimum Yield Diversified Commodity Strategy ETF	NEW	+1.0K	1.0K	+$18,000	$18,000
OXY Occidental Petroleum Corporation	NEW	+150	150	+$9,000	$9,000

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

Holdings — Q2 2022

252 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	GOOG Alphabet, Inc.	Stock	9.04%	$9M	4.0K
2	UNH UnitedHealth Group, Inc.history →	Stock	7.30%	$7M	13.9K
3	QQQ Invesco QQQ Trust history →	ETF	6.10%	$6M	21.3K
4	AAPL Apple, Inc.history →	Stock	5.34%	$5M	38.2K
5	AMZN Amazon.com, Inc.history →	Stock	3.58%	$3M	32.9K
6	EEFT Euronet Worldwide, Inc.history →	Stock	3.31%	$3M	32.1K
7	SKY Skyline Champion Corporation history →	Stock	3.19%	$3M	65.7K
8	LOW Lowe's Companies, Inc.history →	Stock	3.15%	$3M	17.6K
9	V Visa, Inc.history →	Stock	3.07%	$3M	15.2K
10	META Meta Platforms, Inc.history →	Stock	2.97%	$3M	18.0K
11	WFC Wells Fargo Capital 7.50 history →	Convertible Preferred	2.93%	$3M	2.4K
12	SCHM Schwab U.S. Mid-Cap ETF history →	ETF	2.86%	$3M	44.6K
13	SVB Financial Group	Stock	2.67%	$3M	6.6K
14	IUSG iShares Core S&P U.S. Growth ETF history →	ETF	2.57%	$3M	30.0K
15	AXON Axon Enterprise, Inc.history →	Stock	2.42%	$2M	25.3K
16	BRK/A Berkshire Hathaway Inc.	Stock	2.22%	$2M	1.9K
17	FIS Fidelity National Information Services, Inc.history →	Stock	1.92%	$2M	20.5K
18	PSI Invesco Dynamic Semiconductors ETF history →	ETF	1.81%	$2M	18.1K
19	ICE Intercontinental Exchange, Inc.history →	Stock	1.78%	$2M	18.5K
20	PTH Invesco DWA Healthcare Momentum ETF history →	ETF	1.72%	$2M	14.6K
21	SCHX Schwab U.S. Large Cap ETF history →	ETF	1.71%	$2M	37.3K
22	SPY SPDR S&P 500 ETF history →	ETF	1.48%	$1M	3.8K
23	KraneShares Global Carbon ETF	ETF	1.47%	$1M	29.2K
24	EXE Chesapeake Energy Corporation history →	Stock	1.29%	$1M	15.6K
25	EA Electronic Arts, Inc.history →	Stock	1.07%	$1M	8.6K
26	DSI iShares MSCI KLD 400 Social ETF history →	ETF	1.05%	$1M	14.3K
27	Laboratory Corporation of America Holdings	Stock	1.00%	$980,000	4.2K
28	XLE Energy Select Sector SPDR Fund	ETF	0.98%	$953,000	13.3K
29	SUSA iShares MSCI USA ESG Select ETF	ETF	0.88%	$860,000	10.7K
30	CLF Cleveland Cliffs, Inc.	Stock	0.82%	$797,000	51.9K
31	BUG Global X Cybersecurity	ETF	0.81%	$787,000	31.5K
32	PFE Pfizer, Inc.	Stock	0.79%	$774,000	14.8K
33	BSX Boston Scientific Group	Stock	0.79%	$769,000	20.6K
34	JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	ETF	0.79%	$767,000	14.2K
35	DVN Devon Energy Corporation	Stock	0.75%	$729,000	13.2K
36	RRC Range Resources Corporation	Stock	0.73%	$715,000	28.9K
37	AAP Advance Auto Parts, Inc.	Stock	0.71%	$689,000	4.0K
38	INTU Intuit, Inc.	Stock	0.69%	$678,000	1.8K
39	STEM Stem, Inc.	Stock	0.66%	$646,000	90.2K
40	SPDR MSCI ACWI Low Carbon Target ETF	ETF	0.56%	$549,000	21.0K
41	MSFT Microsoft Corporation	Stock	0.53%	$513,000	2.0K
42	ISRG Intuitive Surgical, Inc.	Stock	0.40%	$387,000	1.9K
43	VOO Vanguard S&P 500 ETF	ETF	0.36%	$348,000	1.0K
44	ECL Ecolab, Inc.	Stock	0.36%	$347,000	2.3K
45	IWR iShares Russell Mid-Cap ETF	ETF	0.35%	$343,000	5.3K
46	MS Morgan Stanley	Stock	0.35%	$340,000	4.5K
47	DGII Digi International, Inc.	Stock	0.33%	$324,000	13.4K
48	JNJ Johnson & Johnson	Stock	0.33%	$319,000	1.8K
49	MMM 3M Company	Stock	0.30%	$290,000	2.2K
50	COST Costco Wholesale Corporation	Stock	0.28%	$276,000	575
51	BDX Becton, Dickinson and Company	Stock	0.28%	$271,000	1.1K
52	PG Procter & Gamble Corporation	Stock	0.27%	$260,000	1.8K
53	SCHD Schwab US Dividend ETF	ETF	0.26%	$250,000	3.5K
54	HON Honeywell International, Inc.	Stock	0.23%	$228,000	1.3K
55	XLV Health Care Select Sector SPDR Fund	ETF	0.23%	$224,000	1.8K
56	LGLV SPDR SSGA US Large Cap Low Volatility ETF	ETF	0.22%	$217,000	1.7K
57	TSLA Tesla Motors, Inc.	Stock	0.21%	$205,000	304
58	RTX Raytheon Technologies	Stock	0.21%	$202,000	2.1K
59	PM Philip Morris International, Inc.	Stock	0.17%	$165,000	1.7K
60	ICLN iShares Global Clean Energy	ETF	0.17%	$162,000	8.5K
61	MSOS AdvisorShares Pure US Cannabis ETF	ETF	0.14%	$132,000	12.8K
62	JPM JP Morgan Chase & Co.	Stock	0.14%	$132,000	1.2K
63	CAT Caterpillar, Inc.	Stock	0.13%	$128,000	715
64	XOP SPDR S&P Oil & Gas Exploration & Production ETF	ETF	0.11%	$111,000	925
65	TT Trane Technologies, Plc	Stock	0.11%	$110,000	845
66	CVX Chevron Corporation	Stock	0.11%	$104,000	718
67	MRK Merck & Co., Inc.	Stock	0.09%	$92,000	1.0K
68	EW Edwards Life Sciences	Stock	0.09%	$89,000	935
69	PEP Pepsico, Inc.	Stock	0.09%	$88,000	528
70	VTI Vanguard Total Stock Market ETF	ETF	0.09%	$87,000	460
71	AMLP Alerian MLP ETF	ETF	0.09%	$86,000	2.5K
72	VPU Vanguard Utilities ETF	ETF	0.09%	$86,000	563
73	AXP American Express Company	Stock	0.08%	$83,000	600
74	Pershing Square Tontine Holdings, Ltd.	Stock	0.08%	$82,000	4.1K
75	HCA HCA Healthcare, Inc.	Stock	0.08%	$78,000	467
76	USB U.S. Bancorp	Stock	0.08%	$78,000	1.7K
77	CARR Carrier Global Corporation	Stock	0.08%	$75,000	2.1K
78	OTIS Otis Worldwide Corporation	Stock	0.08%	$74,000	1.0K
79	XLF Financial Select Sector SPDR Fund	ETF	0.07%	$73,000	2.3K
80	TGT Target Corporation	Stock	0.07%	$71,000	505
81	NSC Norfolk Southern Corporation	Stock	0.07%	$68,000	300
82	DBC Invesco DB Commodity Index Tracking Fund	ETF	0.07%	$67,000	2.5K
83	LLY Eli Lilly and Company	Stock	0.07%	$65,000	200
84	VZ Verizon Communications	Stock	0.07%	$65,000	1.3K
85	VB Vanguard Small Cap ETF	ETF	0.07%	$65,000	370
86	KraneShares European Carbon ETF	ETF	0.07%	$65,000	2.0K
87	SYK Stryker Corporation	Stock	0.07%	$64,000	320
88	ACES ALPS Clean Energy ETF	ETF	0.06%	$63,000	1.3K
89	PGR The Progressive Corporation	Stock	0.06%	$62,000	530
90	VFH Vanguard Financials ETF	ETF	0.06%	$61,000	785
91	XLI Industrial Select Sector SPDR Fund	ETF	0.06%	$59,000	675
92	GS Goldman Sachs Group, Inc.	Stock	0.06%	$59,000	200
93	WFC Wells Fargo & Company	Stock	0.06%	$56,000	1.4K
94	CNP CenterPoint Energy, Inc.	Stock	0.06%	$56,000	1.9K
95	ASTL Algoma Steel Group, Inc.	Stock	0.06%	$55,000	6.2K
96	IGV iShares Expanded Tech-Software Sector ETF	ETF	0.06%	$54,000	200
97	AMGN Amgen, Inc.	Stock	0.05%	$49,000	200
98	Miromatrix Medical, Inc.	Stock	0.05%	$48,000	12.0K
99	KO The Coca-Cola Company	Stock	0.05%	$48,000	760
100	IYZ iShares U.S. Telecommunications ETF	ETF	0.05%	$47,000	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 ↗.