Managers / Q3 2022 · view latest →

Ulland Investment Advisors, LLC

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

Reported Value

$92M

Q3 2022

Positions

227

Filings on Record

2019–present window

Filed

Oct 12, 2022

original filing

Summary

Ulland Investment Advisors, LLC reported $92M in U.S.-listed holdings across 227 positions for Q3 2022.

Its largest position, GOOG, represents 8.5% of the portfolio.

Compared with Q2 2022, the fund opened 3 new positions and exited 32.

Portfolio Metrics

Turnover

+8.2%

vs prior filed quarter

Top-10 Concentration

+49.1%

share of reported value

Largest Position

+8.5%

Alphabet

New / Exited

3 / 32

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 · 73.1% · $67M
ETP · 25.8% · $24M
Other · 1.1% · $976,000
ADR · 0.1% · $48,000
Closed-End Fund · 0.0% · $40,000
REIT · 0.0% · $11,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
GNRC Generac Holdings Inc.	NEW	+432	432	+$77,000	$77,000
SMG The Scotts Miracle-Gro Company	NEW	+565	565	+$24,000	$24,000
NHI National Health Investors, Inc.	NEW	+200	200	+$11,000	$11,000
GOOG Alphabet, Inc.	ADDED	+50.3K	52.9K	−$669,000	$5M
GOOGL Alphabet, Inc.	ADDED	+26.8K	28.2K	−$374,000	$3M
ACES ALPS Clean Energy ETF	ADDED	+10.2K	11.5K	+$575,000	$638,000
PDBC Invesco Optimum Yield Diversified Commodity Strategy ETF	ADDED	+3.0K	4.0K	+$47,000	$65,000
GME GameStop Corporation	ADDED	+12	16	+$0	$0

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

Holdings — Q3 2022

225 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	GOOG Alphabet, Inc.	Stock	8.50%	$8M	81.1K
2	UNH UnitedHealth Group, Inc.history →	Stock	7.64%	$7M	13.9K
3	QQQ Invesco QQQ Trust history →	ETF	6.10%	$6M	20.9K
4	AAPL Apple, Inc.history →	Stock	5.78%	$5M	38.3K
5	AMZN Amazon.com, Inc.history →	Stock	4.04%	$4M	32.7K
6	SKY Skyline Champion Corporation history →	Stock	3.76%	$3M	65.2K
7	EXE Chesapeake Energy Corporation history →	Stock	3.63%	$3M	35.2K
8	LOW Lowe's Companies, Inc.history →	Stock	3.57%	$3M	17.4K
9	AXON Axon Enterprise, Inc.history →	Stock	3.18%	$3M	25.2K
10	V Visa, Inc.history →	Stock	2.94%	$3M	15.1K
11	SCHM Schwab U.S. Mid-Cap ETF history →	ETF	2.84%	$3M	42.9K
12	META Meta Platforms, Inc.history →	Stock	2.58%	$2M	17.4K
13	EEFT Euronet Worldwide, Inc.history →	Stock	2.54%	$2M	30.7K
14	IUSG iShares Core S&P U.S. Growth ETF history →	ETF	2.37%	$2M	27.1K
15	BRK/A Berkshire Hathaway Inc.	Stock	2.33%	$2M	1.9K
16	RRC Range Resources Corporation history →	Stock	2.18%	$2M	78.8K
17	WFC Wells Fargo Capital 7.50 history →	Convertible Preferred	2.16%	$2M	1.6K
18	STEM Stem, Inc.history →	Stock	2.01%	$2M	137.7K
19	PTH Invesco DWA Healthcare Momentum ETF history →	ETF	1.83%	$2M	13.8K
20	ICE Intercontinental Exchange, Inc.history →	Stock	1.76%	$2M	17.8K
21	DVN Devon Energy Corporation history →	Stock	1.75%	$2M	26.6K
22	SCHX Schwab U.S. Large Cap ETF history →	ETF	1.67%	$2M	36.1K
23	SPY SPDR S&P 500 ETF history →	ETF	1.49%	$1M	3.8K
24	FIS Fidelity National Information Services, Inc.history →	Stock	1.45%	$1M	17.6K
25	KraneShares Global Carbon ETF	ETF	1.09%	$999,000	26.9K
26	DSI iShares MSCI KLD 400 Social ETF history →	ETF	1.04%	$955,000	14.3K
27	XLE Energy Select Sector SPDR Fund history →	ETF	1.03%	$941,000	13.1K
28	Laboratory Corporation of America Holdings	Stock	0.94%	$864,000	4.2K
29	BSX Boston Scientific Group	Stock	0.87%	$800,000	20.7K
30	SUSA iShares MSCI USA ESG Select ETF	ETF	0.86%	$790,000	10.4K
31	CLF Cleveland Cliffs, Inc.	Stock	0.86%	$784,000	58.2K
32	JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	ETF	0.79%	$727,000	14.2K
33	EA Electronic Arts, Inc.	Stock	0.72%	$656,000	5.7K
34	ACES ALPS Clean Energy ETF	ETF	0.70%	$638,000	11.5K
35	INTU Intuit, Inc.	Stock	0.69%	$633,000	1.6K
36	PFE Pfizer, Inc.	Stock	0.67%	$611,000	14.0K
37	SPDR MSCI ACWI Low Carbon Target ETF	ETF	0.55%	$507,000	21.0K
38	MSFT Microsoft Corporation	Stock	0.49%	$447,000	1.9K
39	AAP Advance Auto Parts, Inc.	Stock	0.48%	$442,000	2.8K
40	ISRG Intuitive Surgical, Inc.	Stock	0.39%	$353,000	1.9K
41	VOO Vanguard S&P 500 ETF	ETF	0.37%	$338,000	1.0K
42	IWR iShares Russell Mid-Cap ETF	ETF	0.36%	$329,000	5.3K
43	ECL Ecolab, Inc.	Stock	0.34%	$312,000	2.2K
44	JNJ Johnson & Johnson	Stock	0.32%	$294,000	1.8K
45	TSLA Tesla Motors, Inc.	Stock	0.31%	$285,000	1.1K
46	COST Costco Wholesale Corporation	Stock	0.30%	$276,000	585
47	MMM 3M Company	Stock	0.27%	$247,000	2.2K
48	BDX Becton, Dickinson and Company	Stock	0.27%	$245,000	1.1K
49	SCHD Schwab US Dividend ETF	ETF	0.25%	$232,000	3.5K
50	PG Procter & Gamble Corporation	Stock	0.25%	$228,000	1.8K
51	ICLN iShares Global Clean Energy	ETF	0.24%	$224,000	11.7K
52	DGII Digi International, Inc.	Stock	0.24%	$220,000	6.4K
53	HON Honeywell International, Inc.	Stock	0.24%	$219,000	1.3K
54	XLV Health Care Select Sector SPDR Fund	ETF	0.23%	$212,000	1.8K
55	LGLV SPDR SSGA US Large Cap Low Volatility ETF	ETF	0.22%	$204,000	1.7K
56	PSI Invesco Dynamic Semiconductors ETF	ETF	0.21%	$195,000	2.2K
57	RTX Raytheon Technologies	Stock	0.19%	$172,000	2.1K
58	MSOS AdvisorShares Pure US Cannabis ETF	ETF	0.18%	$164,000	18.4K
59	PM Philip Morris International, Inc.	Stock	0.15%	$135,000	1.6K
60	BUG Global X Cybersecurity	ETF	0.14%	$128,000	5.3K
61	CAT Caterpillar, Inc.	Stock	0.13%	$117,000	715
62	TT Trane Technologies, Plc	Stock	0.13%	$116,000	800
63	XOP SPDR S&P Oil & Gas Exploration & Production ETF	ETF	0.13%	$115,000	925
64	CVX Chevron Corporation	Stock	0.11%	$103,000	718
65	MS Morgan Stanley	Stock	0.11%	$101,000	1.3K
66	TGT Target Corporation	Stock	0.10%	$95,000	641
67	HCA HCA Healthcare, Inc.	Stock	0.09%	$86,000	467
68	MRK Merck & Co., Inc.	Stock	0.09%	$85,000	983
69	VTI Vanguard Total Stock Market ETF	ETF	0.09%	$83,000	460
70	AXP American Express Company	Stock	0.09%	$81,000	600
71	VPU Vanguard Utilities ETF	ETF	0.09%	$80,000	563
72	GNRC Generac Holdings Inc.	Stock	0.08%	$77,000	432
73	CARR Carrier Global Corporation	Stock	0.08%	$75,000	2.1K
74	XLF Financial Select Sector SPDR Fund	ETF	0.08%	$71,000	2.3K
75	PEP Pepsico, Inc.	Stock	0.08%	$70,000	428
76	USB U.S. Bancorp	Stock	0.07%	$68,000	1.7K
77	OTIS Otis Worldwide Corporation	Stock	0.07%	$67,000	1.0K
78	SYK Stryker Corporation	Stock	0.07%	$65,000	320
79	LLY Eli Lilly and Company	Stock	0.07%	$65,000	200
80	PDBC Invesco Optimum Yield Diversified Commodity Strategy ETF	ETF	0.07%	$65,000	4.0K
81	EW Edwards Life Sciences	Stock	0.07%	$64,000	780
82	NSC Norfolk Southern Corporation	Stock	0.07%	$63,000	300
83	VB Vanguard Small Cap ETF	ETF	0.07%	$63,000	370
84	PGR The Progressive Corporation	Stock	0.07%	$62,000	530
85	DBC Invesco DB Commodity Index Tracking Fund	ETF	0.07%	$60,000	2.5K
86	GS Goldman Sachs Group, Inc.	Stock	0.06%	$59,000	200
87	WFC Wells Fargo & Company	Stock	0.06%	$58,000	1.4K
88	VFH Vanguard Financials ETF	ETF	0.06%	$58,000	785
89	XLI Industrial Select Sector SPDR Fund	ETF	0.06%	$56,000	675
90	CNP CenterPoint Energy, Inc.	Stock	0.06%	$54,000	1.9K
91	SVB Financial Group	Stock	0.06%	$52,000	154
92	IGV iShares Expanded Tech-Software Sector ETF	ETF	0.05%	$50,000	200
93	JPM JP Morgan Chase & Co.	Stock	0.05%	$47,000	450
94	Liberty Media Acquisition Corporation	Stock	0.05%	$47,000	4.7K
95	KraneShares European Carbon ETF	ETF	0.05%	$46,000	2.0K
96	AMGN Amgen, Inc.	Stock	0.05%	$45,000	200
97	KO The Coca-Cola Company	Stock	0.05%	$43,000	760
98	HD The Home Depot, Inc.	Stock	0.05%	$42,000	154
99	SLYG SPDR S&P 600 Small Cap Growth ETF	ETF	0.04%	$41,000	600
100	ASTL Algoma Steel Group, Inc.	Stock	0.04%	$40,000	6.2K

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 ↗.