Managers / Q2 2025 · view latest →

Ulland Investment Advisors, LLC

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

Reported Value

$131M

Q2 2025

Positions

213

Filings on Record

2019–present window

Filed

Jul 24, 2025

original filing

Summary

Ulland Investment Advisors, LLC reported $131M in U.S.-listed holdings across 213 positions for Q2 2025.

Its largest position, NVDA, represents 8.6% of the portfolio.

Compared with Q1 2025, the fund opened 11 new positions and exited 23.

Portfolio Metrics

Turnover

+7.4%

vs prior filed quarter

Top-10 Concentration

+57.4%

share of reported value

Largest Position

+8.6%

Nvidia Corporation

New / Exited

11 / 23

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% · $93M
ETP · 27.4% · $36M
REIT · 0.6% · $763,000
PUBLIC · 0.4% · $493,000
MLP · 0.4% · $460,000
Other · 0.1% · $188,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
RYLD Global X Russell 2000 Covered Call ETF	NEW	+14.0K	14.0K	+$209,000	$209,000
KLAC KLA Corporation	NEW	+36	36	+$32,000	$32,000
BTCC Grayscale Funds Trust Grayscale ETF	NEW	+701	701	+$25,000	$25,000
HIGH Simplify Enhanced Income ETF	NEW	+636	636	+$15,000	$15,000
SEB Seaboard Corporation	NEW	+5	5	+$14,000	$14,000
Yieldmax MSTR Option Income Strategy ETF	NEW	+354	354	+$8,000	$8,000
SWK Stanley Black & Decker, Inc.	NEW	+97	97	+$7,000	$7,000
MORT VanEck Mortgage REIT Income ETF	NEW	+601	601	+$6,000	$6,000

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

Holdings — Q2 2025

211 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	NVDA NVidia Corporation history →	Stock	8.65%	$11M	71.7K
2	GOOG Alphabet, Inc.	Stock	8.64%	$11M	63.9K
3	AXON Axon Enterprise, Inc.history →	Stock	6.82%	$9M	10.8K
4	META Meta Platforms, Inc.history →	Stock	6.55%	$9M	11.6K
5	WFC Wells Fargo Capital 7.50 history →	Convertible Preferred	6.47%	$8M	7.2K
6	QQQ Invesco QQQ Trust ETF history →	ETF	4.49%	$6M	10.7K
7	VRT Vertiv Holdings, Co.history →	Stock	4.13%	$5M	42.2K
8	JEPI JPMorgan Equity Premium Income ETF history →	ETF	4.07%	$5M	93.7K
9	AMZN Amazon.com, Inc.history →	Stock	3.82%	$5M	22.8K
10	JPMorgan Nasdaq Equity Premium Income ETF	ETF	3.80%	$5M	91.4K
11	BRK/A Berkshire Hathaway Inc.	Stock	3.00%	$4M	2.1K
12	AAPL Apple, Inc.history →	Stock	2.27%	$3M	14.5K
13	SKY Skyline Champion Corporation history →	Stock	2.22%	$3M	46.5K
14	V Visa, Inc.history →	Stock	2.03%	$3M	7.5K
15	MSFT Microsoft Corporation history →	Stock	1.93%	$3M	5.1K
16	SCHM Schwab U.S. Mid-Cap ETF history →	ETF	1.84%	$2M	85.7K
17	UNH UnitedHealth Group, Inc.history →	Stock	1.77%	$2M	7.4K
18	LOW Lowe's Companies, Inc.history →	Stock	1.54%	$2M	9.1K
19	SPY SPDR S&P 500 ETF history →	ETF	1.47%	$2M	3.1K
20	J.P. Morgan U.S. Tech Leaders ETF	ETF	1.44%	$2M	22.3K
21	BSX Boston Scientific Group history →	Stock	1.06%	$1M	13.0K
22	IGV iShares Expanded Tech-Software Sector ETF	ETF	0.96%	$1M	11.5K
23	SMMD iShares Russell 2500 ETF	ETF	0.96%	$1M	18.5K
24	AKX ANSYS, Inc.	Stock	0.93%	$1M	3.5K
25	QYLD Global X NASDAQ 100 Covered Call ETF	ETF	0.93%	$1M	72.5K
26	SCHX Schwab U.S. Large-Cap ETF	ETF	0.91%	$1M	48.6K
27	ICE Intercontinental Exchange, Inc.	Stock	0.84%	$1M	6.0K
28	CVLT Commvault Systems, Inc.	Stock	0.79%	$1M	6.0K
29	IUSG iShares Core S&P U.S. Growth ETF	ETF	0.73%	$951,000	6.3K
30	AMLP Alerian MLP ETF	ETF	0.71%	$933,000	19.1K
31	DSI iShares MSCI KLD 400 Social ETF	ETF	0.53%	$698,000	6.0K
32	COST Costco Wholesale Corporation	Stock	0.52%	$686,000	693
33	VOO Vanguard S&P 500 ETF	ETF	0.50%	$650,000	1.1K
34	GPIX Goldman Sachs S&P 500 Core Premium Income ETF	ETF	0.49%	$647,000	13.0K
35	EXMOC Exxon Mobil Corporation	Stock	0.47%	$612,000	5.7K
36	INTU Intuit, Inc.	Stock	0.46%	$596,000	757
37	JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	ETF	0.38%	$503,000	5.7K
38	Microstrategy, Inc. 8.00	Convertible Preferred	0.38%	$493,000	4.1K
39	SUSA iShares MSCI USA ESG Select ETF	ETF	0.38%	$492,000	3.9K
40	UMH UMH Properties, Inc.	REIT	0.37%	$485,000	28.9K
41	CRWD CrowdStrike Holdings, Inc.	Stock	0.37%	$483,000	948
42	LNTH Lantheus Holdings, Inc.	Stock	0.31%	$405,000	4.9K
43	AMKR Amkor Technology, Inc.	Stock	0.28%	$373,000	17.8K
44	XLE Energy Select Sector SPDR Fund	ETF	0.28%	$369,000	4.3K
45	RTX Raytheon Technologies	Stock	0.24%	$313,000	2.1K
46	SGOV iShares 0-3 Month Treasury Bond ETF	ETF	0.24%	$313,000	3.1K
47	ECL Ecolab, Inc.	Stock	0.23%	$306,000	1.1K
48	PSI Invesco Dynamic Semiconductors ETF	ETF	0.23%	$300,000	5.0K
49	IWF iShares Russell 1000 Growth ETF	ETF	0.23%	$298,000	703
50	LH Laboratory Corporation of America Holdings	Stock	0.22%	$290,000	1.1K
51	IWR iShares Russell Mid-Cap ETF	ETF	0.21%	$278,000	3.0K
52	PM Philip Morris International, Inc.	Stock	0.20%	$258,000	1.4K
53	ET Energy Transfer LP	Stock	0.19%	$254,000	14.0K
54	AVGO Broadcom, Inc.	Stock	0.19%	$254,000	922
55	JNJ Johnson & Johnson	Stock	0.18%	$230,000	1.5K
56	RYLD Global X Russell 2000 Covered Call ETF	ETF	0.16%	$209,000	14.0K
57	VMD Viemed Healthcare, Inc.	Stock	0.16%	$208,000	30.2K
58	MPLX Mplx, LP	Stock	0.16%	$206,000	4.0K
59	SCHD Schwab US Dividend ETF	ETF	0.15%	$201,000	7.6K
60	VICI VICI Properties, Inc.	REIT	0.15%	$194,000	6.0K
61	Viper Energy Partners, LP	Stock	0.15%	$191,000	5.0K
62	BDX Becton, Dickinson and Company	Stock	0.14%	$189,000	1.1K
63	PG Procter & Gamble Corporation	Stock	0.14%	$188,000	1.2K
64	RSP Invesco S&P 500 Equal Weight ETF	ETF	0.14%	$186,000	1.0K
65	SCHW Charles Schwab Corporation	Stock	0.14%	$186,000	2.0K
66	SCCO Southern Copper Corporation	Stock	0.14%	$182,000	1.8K
67	XYZ Block, Inc.	Stock	0.13%	$170,000	2.5K
68	ISRG Intuitive Surgical, Inc.	Stock	0.12%	$163,000	300
69	CAT Caterpillar, Inc.	Stock	0.12%	$161,000	415
70	LLY Eli Lilly and Company	Stock	0.12%	$156,000	200
71	CARR Carrier Global Corporation	Stock	0.12%	$153,000	2.1K
72	YETH Roundhill Ether Covered Call Strategy ETF	ETF	0.11%	$145,000	5.8K
73	GS Goldman Sachs Group, Inc.	Stock	0.11%	$142,000	200
74	URA Global X Uranium ETF	ETF	0.11%	$139,000	3.6K
75	HCA HCA Healthcare, Inc.	Stock	0.11%	$138,000	360
76	ADBE Adobe Systems, Inc.	Stock	0.10%	$136,000	352
77	J.P. Morgan Hedged Equity Laddered Overlay ETF	ETF	0.10%	$130,000	2.1K
78	SYK Stryker Corporation	Stock	0.10%	$127,000	320
79	WFC Wells Fargo & Company	Stock	0.09%	$115,000	1.4K
80	PGR The Progressive Corporation	Stock	0.09%	$113,000	425
81	VTV Vanguard Value Index Fund ETF	ETF	0.09%	$112,000	635
82	BKNG Booking Holdings Inc.	Stock	0.08%	$110,000	19
83	GNRC Generac Holdings Inc.	Stock	0.08%	$109,000	761
84	VB Vanguard Small Cap ETF	ETF	0.08%	$108,000	455
85	OTIS Otis Worldwide Corporation	Stock	0.08%	$106,000	1.1K
86	CVX Chevron Corporation	Stock	0.08%	$103,000	718
87	VTI Vanguard Total Stock Market ETF	ETF	0.07%	$91,000	298
88	XLV Health Care Select Sector SPDR Fund	ETF	0.07%	$90,000	670
89	MMM 3M Company	Stock	0.07%	$89,000	585
90	SYM Symbotic Inc.	Stock	0.07%	$86,000	2.2K
91	CRM Salesforce.com, Inc.	Stock	0.06%	$84,000	309
92	TAP Molson Coors Beverage Company	Stock	0.06%	$81,000	1.7K
93	MRK Merck & Co., Inc.	Stock	0.06%	$78,000	983
94	MRVL Marvell Technology, Inc.	Stock	0.06%	$77,000	1.0K
95	NSC Norfolk Southern Corporation	Stock	0.06%	$77,000	300
96	TSM Taiwan Semiconductor Manufacturing Company Limited	ADR	0.06%	$75,000	333
97	IOT Samsara Inc.	Stock	0.06%	$75,000	1.9K
98	QFLR Innovator Nasdaq-100 Managed Floor ETF	ETF	0.06%	$75,000	2.5K
99	AIQ Global X Artificial Intelligence & Technology ETF	ETF	0.05%	$63,000	1.4K
100	LOUP Innovator Deepwater Frontier Tech ETF	ETF	0.05%	$63,000	1.0K

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 ↗.