Managers / Q1 2025 · view latest →

Ulland Investment Advisors, LLC

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

Reported Value

$120M

Q1 2025

Positions

225

Filings on Record

2019–present window

Filed

Apr 15, 2025

original filing

Summary

Ulland Investment Advisors, LLC reported $120M in U.S.-listed holdings across 225 positions for Q1 2025.

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

Compared with Q4 2024, the fund opened 18 new positions and exited 5.

Portfolio Metrics

Turnover

+8.8%

vs prior filed quarter

Top-10 Concentration

+52.0%

share of reported value

Largest Position

+8.5%

Alphabet

New / Exited

18 / 5

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 · 71.2% · $85M
ETP · 27.2% · $33M
PUBLIC · 0.4% · $502,000
MLP · 0.4% · $474,000
REIT · 0.4% · $457,000
Other · 0.4% · $426,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
Microstrategy, Inc. 8.00	NEW	+6.0K	6.0K	+$502,000	$502,000
J.P. Morgan Hedged Equity Laddered Overlay ETF	NEW	+3.4K	3.4K	+$201,000	$201,000
RSP Invesco S&P 500 Equal Weight ETF	NEW	+1.0K	1.0K	+$178,000	$178,000
GPIX Goldman Sachs S&P 500 Core Premium Income ETF	NEW	+2.3K	2.3K	+$107,000	$107,000
YETH Roundhill Ether Covered Call Strategy ETF	NEW	+1.6K	1.6K	+$42,000	$42,000
SYM Symbotic Inc.	NEW	+1.5K	1.5K	+$31,000	$31,000
XYLD Global X S&P 500 Covered Call ETF	NEW	+500	500	+$20,000	$20,000
OKLO Oklo, Inc.	NEW	+500	500	+$11,000	$11,000

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

Holdings — Q1 2025

223 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	GOOG Alphabet, Inc.	Stock	8.50%	$10M	65.3K
2	NVDA NVidia Corporation history →	Stock	6.88%	$8M	75.9K
3	AXON Axon Enterprise, Inc.history →	Stock	6.57%	$8M	14.9K
4	META Meta Platforms, Inc.history →	Stock	6.08%	$7M	12.6K
5	QQQ Invesco QQQ Trust ETF history →	ETF	5.17%	$6M	13.2K
6	UNH UnitedHealth Group, Inc.history →	Stock	4.10%	$5M	9.4K
7	JEPI JPMorgan Equity Premium Income ETF history →	ETF	3.72%	$4M	77.8K
8	SKY Skyline Champion Corporation history →	Stock	3.70%	$4M	46.6K
9	AMZN Amazon.com, Inc.history →	Stock	3.68%	$4M	23.2K
10	BRK/A Berkshire Hathaway Inc.	Stock	3.60%	$4M	2.1K
11	WFC Wells Fargo Capital 7.50 history →	Convertible Preferred	3.41%	$4M	3.4K
12	JPMorgan Nasdaq Equity Premium Income ETF	ETF	3.30%	$4M	76.3K
13	V Visa, Inc.history →	Stock	2.76%	$3M	9.4K
14	VRT Vertiv Holdings, Co.history →	Stock	2.72%	$3M	45.1K
15	AAPL Apple, Inc.history →	Stock	2.70%	$3M	14.5K
16	SPY SPDR S&P 500 ETF history →	ETF	2.27%	$3M	4.8K
17	SCHM Schwab U.S. Mid-Cap ETF history →	ETF	2.06%	$2M	94.2K
18	LOW Lowe's Companies, Inc.history →	Stock	1.96%	$2M	10.0K
19	MSFT Microsoft Corporation history →	Stock	1.83%	$2M	5.8K
20	J.P. Morgan U.S. Tech Leaders ETF	ETF	1.29%	$2M	22.9K
21	BSX Boston Scientific Group history →	Stock	1.23%	$1M	14.6K
22	SMMD iShares Russell 2500 ETF history →	ETF	1.05%	$1M	20.2K
23	ICE Intercontinental Exchange, Inc.	Stock	1.00%	$1M	6.9K
24	AKX ANSYS, Inc.	Stock	0.98%	$1M	3.7K
25	SCHX Schwab U.S. Large-Cap ETF	ETF	0.96%	$1M	52.1K
26	IGV iShares Expanded Tech-Software Sector ETF	ETF	0.86%	$1M	11.6K
27	CVLT Commvault Systems, Inc.	Stock	0.80%	$962,000	6.1K
28	AMLP Alerian MLP ETF	ETF	0.68%	$810,000	15.6K
29	IUSG iShares Core S&P U.S. Growth ETF	ETF	0.67%	$804,000	6.3K
30	QYLD Global X NASDAQ 100 Covered Call ETF	ETF	0.63%	$753,000	45.3K
31	EXMOC Exxon Mobil Corporation	Stock	0.62%	$739,000	6.2K
32	LNTH Lantheus Holdings, Inc.	Stock	0.58%	$699,000	7.2K
33	COST Costco Wholesale Corporation	Stock	0.55%	$659,000	697
34	DSI iShares MSCI KLD 400 Social ETF	ETF	0.54%	$641,000	6.3K
35	VOO Vanguard S&P 500 ETF	ETF	0.52%	$620,000	1.2K
36	Microstrategy, Inc. 8.00	Convertible Preferred	0.42%	$502,000	6.0K
37	PSI Invesco Dynamic Semiconductors ETF	ETF	0.41%	$485,000	10.2K
38	INTU Intuit, Inc.	Stock	0.39%	$471,000	767
39	XLE Energy Select Sector SPDR Fund	ETF	0.39%	$461,000	4.9K
40	JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	ETF	0.38%	$455,000	5.7K
41	SUSA iShares MSCI USA ESG Select ETF	ETF	0.37%	$446,000	3.9K
42	CRWD CrowdStrike Holdings, Inc.	Stock	0.28%	$338,000	960
43	PG Procter & Gamble Corporation	Stock	0.26%	$308,000	1.8K
44	LH Laboratory Corporation of America Holdings	Stock	0.25%	$298,000	1.3K
45	ECL Ecolab, Inc.	Stock	0.24%	$287,000	1.1K
46	RTX Raytheon Technologies	Stock	0.24%	$284,000	2.1K
47	ET Energy Transfer LP	Stock	0.22%	$260,000	14.0K
48	IWF iShares Russell 1000 Growth ETF	ETF	0.21%	$257,000	711
49	IWR iShares Russell Mid-Cap ETF	ETF	0.21%	$257,000	3.0K
50	AMKR Amkor Technology, Inc.	Stock	0.21%	$256,000	14.2K
51	BDX Becton, Dickinson and Company	Stock	0.21%	$252,000	1.1K
52	JNJ Johnson & Johnson	Stock	0.21%	$250,000	1.5K
53	TT Trane Technologies, Plc	Stock	0.20%	$243,000	720
54	ISRG Intuitive Surgical, Inc.	Stock	0.20%	$234,000	473
55	Viper Energy Partners, LP	Stock	0.19%	$226,000	5.0K
56	PM Philip Morris International, Inc.	Stock	0.19%	$225,000	1.4K
57	MPLX Mplx, LP	Stock	0.18%	$214,000	4.0K
58	SCHD Schwab US Dividend ETF	ETF	0.18%	$211,000	7.5K
59	J.P. Morgan Hedged Equity Laddered Overlay ETF	ETF	0.17%	$201,000	3.4K
60	VICI VICI Properties, Inc.	REIT	0.16%	$193,000	5.9K
61	KRP Kimbell Royalty Partners, LP	Stock	0.15%	$182,000	13.0K
62	RSP Invesco S&P 500 Equal Weight ETF	ETF	0.15%	$178,000	1.0K
63	AVGO Broadcom, Inc.	Stock	0.15%	$177,000	1.1K
64	SCHW Charles Schwab Corporation	Stock	0.15%	$176,000	2.2K
65	CAT Caterpillar, Inc.	Stock	0.14%	$170,000	515
66	UMH UMH Properties, Inc.	REIT	0.14%	$169,000	9.0K
67	SCCO Southern Copper Corporation	Stock	0.14%	$167,000	1.8K
68	LLY Eli Lilly and Company	Stock	0.14%	$165,000	200
69	XYZ Block, Inc.	Stock	0.12%	$149,000	2.8K
70	ADBE Adobe Systems, Inc.	Stock	0.11%	$137,000	357
71	CARR Carrier Global Corporation	Stock	0.11%	$132,000	2.1K
72	HCA HCA Healthcare, Inc.	Stock	0.10%	$124,000	360
73	PGR The Progressive Corporation	Stock	0.10%	$120,000	425
74	CVX Chevron Corporation	Stock	0.10%	$120,000	718
75	SYK Stryker Corporation	Stock	0.10%	$119,000	320
76	VMD Viemed Healthcare, Inc.	Stock	0.09%	$113,000	15.6K
77	OTIS Otis Worldwide Corporation	Stock	0.09%	$111,000	1.1K
78	VTV Vanguard Value Index Fund ETF	ETF	0.09%	$110,000	635
79	GS Goldman Sachs Group, Inc.	Stock	0.09%	$109,000	200
80	GPIX Goldman Sachs S&P 500 Core Premium Income ETF	ETF	0.09%	$107,000	2.3K
81	URA Global X Uranium ETF	ETF	0.09%	$103,000	4.5K
82	WFC Wells Fargo & Company	Stock	0.09%	$103,000	1.4K
83	VB Vanguard Small Cap ETF	ETF	0.08%	$101,000	455
84	XLV Health Care Select Sector SPDR Fund	ETF	0.08%	$98,000	670
85	BKNG Booking Holdings Inc.	Stock	0.08%	$97,000	21
86	JPM J.P. Morgan Chase & Co.	Stock	0.08%	$94,000	384
87	MRK Merck & Co., Inc.	Stock	0.07%	$88,000	983
88	MMM 3M Company	Stock	0.07%	$86,000	585
89	RIO Rio Tinto Group	ADR	0.07%	$84,000	1.4K
90	CRM Salesforce.com, Inc.	Stock	0.07%	$83,000	309
91	VTI Vanguard Total Stock Market ETF	ETF	0.07%	$82,000	298
92	EEFT Euronet Worldwide, Inc.	Stock	0.06%	$75,000	702
93	GNRC Generac Holdings Inc.	Stock	0.06%	$74,000	581
94	BAC Bank of America 7.25	Convertible Preferred	0.06%	$73,000	59
95	IOT Samsara Inc.	Stock	0.06%	$72,000	1.9K
96	NSC Norfolk Southern Corporation	Stock	0.06%	$71,000	300
97	QFLR Innovator Nasdaq-100 Managed Floor ETF	ETF	0.06%	$68,000	2.5K
98	PEP Pepsico, Inc.	Stock	0.05%	$64,000	428
99	SMCI Super Micro Computer, Inc.	Stock	0.05%	$62,000	1.8K
100	TSM Taiwan Semiconductor Manufacturing Company Limited	ADR	0.05%	$55,000	333

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 ↗.