SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Ulland Investment Advisors, LLC

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

Reported Value
$99M
Q4 2023
Positions
211
Filings on Record
18
2019–present window
Filed
Jan 16, 2024
original filing

Summary

Ulland Investment Advisors, LLC reported $99M in U.S.-listed holdings across 211 positions for Q4 2023.

Its largest position, GOOG, represents 10.7% of the portfolio.

Compared with Q3 2023, the fund opened 21 new positions and exited 28.

Portfolio Metrics

Turnover
+7.4%
vs prior filed quarter
Top-10 Concentration
+59.7%
share of reported value
Largest Position
+10.7%
Alphabet
New / Exited
21 / 28
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
Q4 ’21: $157MQ4 ’21Q1 ’22: $133MQ2 ’22: $98MQ3 ’22: $92MQ3 ’22Q4 ’22: $84MQ1 ’23: $85MQ2 ’23: $97MQ2 ’23Q3 ’23: $91MQ4 ’23: $99MQ1 ’24: $125MQ1 ’24Q2 ’24: $144MQ3 ’24: $137MQ4 ’24: $157MQ4 ’24Q1 ’25: $120MQ2 ’25: $131MQ3 ’25: $133MQ3 ’25Q4 ’25: $125MQ1 ’26: $117Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 76.3%ETP: 22.2%MLP: 0.6%Other: 0.4%ADR: 0.2%Other: 0.3%
  • Common Stock · 76.3% · $76M
  • ETP · 22.2% · $22M
  • MLP · 0.6% · $575,000
  • Other · 0.4% · $431,000
  • ADR · 0.2% · $210,000
  • Other · 0.3% · $284,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SMMDiShares Russell 2500 ETFNEW+28.1K28.1K+$2M$2M
VRTVertiv Holdings, Co.NEW+6.0K6.0K+$286,000$286,000
Viper Energy Partners, LPNEW+5.0K5.0K+$157,000$157,000
LNTHLantheus Holdings, Inc.NEW+2.2K2.2K+$135,000$135,000
QYLDGlobal X NASDAQ 100 Covered Call ETFNEW+3.3K3.3K+$57,000$57,000
KDPKeurig Dr Pepper, Inc.NEW+1.5K1.5K+$50,000$50,000
AMDAdvanced Micro Devices, Inc.NEW+330330+$49,000$49,000
SGOViShares 0-3 Month Treasury Bond ETFNEW+300300+$30,000$30,000

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

Holdings — Q4 2023

209 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGAlphabet, Inc.Stock10.68%$11M75.4K
2QQQInvesco QQQ Trust ETFhistory →ETF7.50%$7M18.2K
3UNHUnitedHealth Group, Inc.history →Stock7.03%$7M13.2K
4AAPLApple, Inc.history →Stock6.85%$7M35.3K
5AXONAxon Enterprise, Inc.history →Stock5.74%$6M22.1K
6METAMeta Platforms, Inc.history →Stock5.02%$5M14.1K
7NVDANVidia Corporationhistory →Stock4.76%$5M9.5K
8AMZNAmazon.com, Inc.history →Stock4.59%$5M30.0K
9SKYSkyline Champion Corporationhistory →Stock4.01%$4M53.6K
10VVisa, Inc.history →Stock3.50%$3M13.3K
11BRK/ABerkshire Hathaway Inc.Stock2.91%$3M2.0K
12SCHMSchwab U.S. Mid-Cap ETFhistory →ETF2.76%$3M36.3K
13LOWLowe's Companies, Inc.history →Stock2.53%$3M11.3K
14SMMDiShares Russell 2500 ETFhistory →ETF1.75%$2M28.1K
15EXEChesapeake Energy Corporationhistory →Stock1.70%$2M21.9K
16MSFTMicrosoft Corporationhistory →Stock1.61%$2M4.2K
17SPYSPDR S&P 500 ETFhistory →ETF1.38%$1M2.9K
18DSIiShares MSCI KLD 400 Social ETFhistory →ETF1.31%$1M14.3K
19SCHXSchwab U.S. Large-Cap ETFhistory →ETF1.22%$1M21.5K
20JUSTGoldman Sachs JUST U.S. Large Cap Equity ETFETF0.97%$967,00014.2K
21DGIIDigi International, Inc.Stock0.95%$946,00036.4K
22BSXBoston Scientific GroupStock0.94%$928,00016.0K
23SCHWCharles Schwab CorporationStock0.93%$920,00013.4K
24SUSAiShares MSCI USA ESG Select ETFETF0.90%$893,0008.9K
25ICEIntercontinental Exchange, Inc.Stock0.86%$849,0006.6K
26IUSGiShares Core S&P U.S. Growth ETFETF0.82%$812,0007.8K
27EEFTEuronet Worldwide, Inc.Stock0.79%$781,0007.7K
28WFCWells Fargo Capital 7.50Convertible Preferred0.78%$774,000647
29XLEEnergy Select Sector SPDR FundETF0.76%$751,0009.0K
30Pioneer Natural Resources CompanyStock0.72%$713,0003.2K
31SPDR MSCI ACWI Low Carbon Target ETFETF0.51%$511,00016.1K
32INTUIntuit, Inc.Stock0.50%$499,000798
33EAElectronic Arts, Inc.Stock0.47%$462,0003.4K
34Laboratory Corporation of America HoldingsStock0.43%$428,0001.9K
35ECLEcolab, Inc.Stock0.43%$423,0002.1K
36VOOVanguard S&P 500 ETFETF0.42%$421,000964
37COSTCostco Wholesale CorporationStock0.42%$413,000625
38AMLPAlerian MLP ETFETF0.37%$364,0008.6K
39SNOWSnowflake, Inc.Stock0.35%$345,0001.7K
40VRTVertiv Holdings, Co.Stock0.29%$286,0006.0K
41JNJJohnson & JohnsonStock0.28%$282,0001.8K
42BACBank of America 7.25Convertible Preferred0.28%$278,000230
43BDXBecton, Dickinson and CompanyStock0.27%$268,0001.1K
44PGProcter & Gamble CorporationStock0.27%$265,0001.8K
45IWRiShares Russell Mid-Cap ETFETF0.26%$257,0003.3K
46ISRGIntuitive Surgical, Inc.Stock0.25%$249,000738
47BSMBlack Stone Minerals, L.P.Stock0.24%$235,00014.7K
48GNRCGenerac Holdings Inc.Stock0.22%$216,0001.7K
49STEMStem, Inc.Stock0.21%$213,00054.9K
50CATCaterpillar, Inc.Stock0.21%$211,000715
51KRPKimbell Royalty Partners, LPStock0.20%$196,00013.0K
52TTTrane Technologies, PlcStock0.20%$195,000800
53ETEnergy Transfer LPStock0.19%$193,00014.0K
54TSLATesla Motors, Inc.Stock0.19%$186,000750
55RTXRaytheon TechnologiesStock0.18%$180,0002.1K
56VMDViemed Healthcare, Inc.Stock0.16%$162,00020.7K
57Viper Energy Partners, LPStock0.16%$157,0005.0K
58RIORio Tinto GroupADR0.16%$156,0002.1K
59MPLXMplx, LPStock0.15%$147,0004.0K
60LBRDKLiberty Broadband CorporationStock0.15%$146,0001.8K
61PMPhilip Morris International, Inc.Stock0.14%$143,0001.5K
62LGLVSPDR SSGA US Large Cap Low Volatility ETFETF0.14%$137,000948
63LNTHLantheus Holdings, Inc.Stock0.14%$135,0002.2K
64PSIInvesco Dynamic Semiconductors ETFETF0.14%$134,0002.7K
65VPUVanguard Utilities ETFETF0.13%$129,000938
66CVSCVS Health CorporationStock0.13%$127,0001.6K
67HCAHCA Healthcare, Inc.Stock0.13%$126,000467
68AAPAdvance Auto Parts, Inc.Stock0.12%$123,0002.0K
69CARRCarrier Global CorporationStock0.12%$123,0002.1K
70SCHDSchwab US Dividend ETFETF0.12%$121,0001.6K
71LLYEli Lilly and CompanyStock0.12%$117,000200
72CMPCompass Minerals International, Inc.Stock0.11%$114,0004.5K
73FISFidelity National Information Services, Inc.Stock0.11%$112,0001.9K
74SCCOSouthern Copper CorporationStock0.11%$112,0001.3K
75CVXChevron CorporationStock0.11%$107,000718
76MRKMerck & Co., Inc.Stock0.11%$107,000983
77XLVHealth Care Select Sector SPDR FundETF0.10%$102,000750
78SYKStryker CorporationStock0.10%$96,000320
79OTISOtis Worldwide CorporationStock0.10%$96,0001.1K
80TGTTarget CorporationStock0.10%$96,000675
81VBVanguard Small Cap ETFETF0.09%$90,000420
82PGRThe Progressive CorporationStock0.08%$84,000530
83IGViShares Expanded Tech-Software Sector ETFETF0.08%$81,000200
84VTIVanguard Total Stock Market ETFETF0.08%$79,000335
85GSGoldman Sachs Group, Inc.Stock0.08%$77,000200
86BKNGBooking Holdings Inc.Stock0.07%$74,00021
87PEPPepsico, Inc.Stock0.07%$73,000428
88NSCNorfolk Southern CorporationStock0.07%$71,000300
89WFCWells Fargo & CompanyStock0.07%$71,0001.4K
90TSEMTower Semiconductor Ltd.Stock0.07%$70,0002.3K
91MMM3M CompanyStock0.06%$64,000585
92MSMorgan StanleyStock0.06%$63,000675
93EWEdwards Life SciencesStock0.06%$59,000780
94AMGNAmgen, Inc.Stock0.06%$58,000200
95SEISolaris Oilfield Infrastructure, Inc.Stock0.06%$57,0007.2K
96QYLDGlobal X NASDAQ 100 Covered Call ETFETF0.06%$57,0003.3K
97HONHoneywell International, Inc.Stock0.06%$56,000265
98CNPCenterPoint Energy, Inc.Stock0.05%$54,0001.9K
99ADBEAdobe Systems, Inc.Stock0.05%$54,00091
100USBU.S. BancorpStock0.05%$54,0001.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$117M213Apr 27, 202613F-HRchanges · EDGAR ↗
Q4 2025$125M218Jan 8, 202613F-HRchanges · EDGAR ↗
Q3 2025$133M228Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$131M213Jul 24, 202513F-HRchanges · EDGAR ↗
Q1 2025$120M225Apr 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$157M212Jan 16, 202513F-HRchanges · EDGAR ↗
Q3 2024$137M205Oct 15, 202413F-HRchanges · EDGAR ↗
Q2 2024$144M223Jul 16, 202413F-HRchanges · EDGAR ↗
Q1 2024$125M234Apr 25, 202413F-HRchanges · EDGAR ↗
Q4 2023$99M211Jan 16, 202413F-HRchanges · EDGAR ↗
Q3 2023$91M218Oct 23, 202313F-HRchanges · EDGAR ↗
Q2 2023$97M218Jul 20, 202313F-HRchanges · EDGAR ↗
Q1 2023$85M213Apr 17, 202313F-HRchanges · EDGAR ↗
Q4 2022$84M222Jan 31, 202313F-HRchanges · EDGAR ↗
Q3 2022$92M227Oct 12, 202213F-HRchanges · EDGAR ↗
Q2 2022$98M254Jul 25, 202213F-HRchanges · EDGAR ↗
Q1 2022$133M267May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$157M226Feb 16, 202213F-HRchanges · 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 ↗.