Managers / Q4 2025 · view latest →

Ulland Investment Advisors, LLC

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

Reported Value

$125M

Q4 2025

Positions

218

Filings on Record

2019–present window

Filed

Jan 8, 2026

original filing

Summary

Ulland Investment Advisors, LLC reported $125M in U.S.-listed holdings across 218 positions for Q4 2025.

Its largest position, GOOG, represents 11.5% of the portfolio.

Compared with Q3 2025, the fund opened 5 new positions and exited 15.

Portfolio Metrics

Turnover

+2.7%

vs prior filed quarter

Top-10 Concentration

+55.6%

share of reported value

Largest Position

+11.5%

Alphabet

New / Exited

5 / 15

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 · 68.0% · $85M
ETP · 29.2% · $37M
REIT · 1.1% · $1M
MLP · 1.0% · $1M
Other · 0.3% · $372,000
Other · 0.5% · $569,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
KMB Kimberly-Clark Corporation	NEW	+1.6K	1.6K	+$161,000	$161,000
BUG Global X Cybersecurity	NEW	+3.2K	3.2K	+$97,000	$97,000
CCJ Cameco Corporation	NEW	+800	800	+$73,000	$73,000
FDX FedEx Corporation	NEW	+100	100	+$29,000	$29,000
ITWO ProShares Russell 2000 High Income ETF	NEW	+700	700	+$28,000	$28,000
NFLX Netflix, Inc.	ADDED	+126	140	−$4,000	$13,000
IQQQ ProShares Nasdaq-100 High Income ETF	ADDED	+2.8K	3.1K	+$125,000	$140,000
Alvotech	ADDED	+61.3K	72.5K	+$280,000	$372,000

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

Holdings — Q4 2025

216 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	GOOG Alphabet, Inc.	Stock	11.50%	$14M	45.8K
2	NVDA NVidia Corporation history →	Stock	8.08%	$10M	54.1K
3	META Meta Platforms, Inc.history →	Stock	5.77%	$7M	10.9K
4	AXON Axon Enterprise, Inc.history →	Stock	5.13%	$6M	11.3K
5	QQQ Invesco QQQ Trust ETF history →	ETF	5.04%	$6M	10.2K
6	VRT Vertiv Holdings, Co.history →	Stock	4.65%	$6M	35.9K
7	JEPI J.P. Morgan Equity Premium Income ETF history →	ETF	4.10%	$5M	89.5K
8	AMZN Amazon.com, Inc.history →	Stock	4.04%	$5M	21.9K
9	J.P. Morgan Nasdaq Equity Premium Income ETF	ETF	4.02%	$5M	86.4K
10	BRK/A Berkshire Hathaway Inc.	Stock	3.24%	$4M	2.0K
11	SKY Skyline Champion Corporation history →	Stock	2.96%	$4M	43.8K
12	AAPL Apple, Inc.history →	Stock	2.88%	$4M	13.2K
13	V Visa, Inc.history →	Stock	2.03%	$3M	7.2K
14	SCHM Schwab U.S. Mid-Cap ETF history →	ETF	1.93%	$2M	80.4K
15	MSFT Microsoft Corporation history →	Stock	1.92%	$2M	5.0K
16	UNH UnitedHealth Group, Inc.history →	Stock	1.70%	$2M	6.4K
17	LOW Lowe's Companies, Inc.history →	Stock	1.64%	$2M	8.5K
18	J.P. Morgan U.S. Tech Leaders ETF	ETF	1.59%	$2M	22.1K
19	SPY SPDR S&P 500 ETF history →	ETF	1.45%	$2M	2.7K
20	ICE Intercontinental Exchange, Inc.history →	Stock	1.25%	$2M	9.7K
21	SMMD iShares Russell 2500 ETF history →	ETF	1.04%	$1M	17.3K
22	QYLD Global X NASDAQ 100 Covered Call ETF history →	ETF	1.00%	$1M	70.8K
23	SCHX Schwab U.S. Large-Cap ETF	ETF	0.98%	$1M	45.4K
24	BSX Boston Scientific Group	Stock	0.97%	$1M	12.8K
25	IGV iShares Expanded Tech-Software Sector ETF	ETF	0.92%	$1M	10.9K
26	UMH UMH Properties, Inc.	REIT	0.84%	$1M	66.3K
27	SNPS Synopsys, Inc.	Stock	0.82%	$1M	2.2K
28	IUSG iShares Core S&P U.S. Growth ETF	ETF	0.80%	$999,000	5.9K
29	VOO Vanguard S&P 500 ETF	ETF	0.70%	$877,000	1.4K
30	GPIX Goldman Sachs S&P 500 Core Premium Income ETF	ETF	0.70%	$875,000	16.6K
31	AMLP Alerian MLP ETF	ETF	0.59%	$731,000	15.5K
32	CVLT Commvault Systems, Inc.	Stock	0.57%	$714,000	5.7K
33	DSI iShares MSCI KLD 400 Social ETF	ETF	0.57%	$709,000	5.5K
34	VMD Viemed Healthcare, Inc.	Stock	0.51%	$635,000	85.5K
35	EXMOC Exxon Mobil Corporation	Stock	0.47%	$592,000	4.9K
36	AMKR Amkor Technology, Inc.	Stock	0.45%	$561,000	14.2K
37	JUST Goldman Sachs JUST U.S. Large Cap Equity ETF	ETF	0.44%	$553,000	5.7K
38	COST Costco Wholesale Corporation	Stock	0.44%	$549,000	637
39	SUSA iShares MSCI USA ESG Select ETF	ETF	0.43%	$537,000	3.9K
40	INTU Intuit, Inc.	Stock	0.43%	$531,000	801
41	XYZ Block, Inc.	Stock	0.34%	$431,000	6.6K
42	CRWD CrowdStrike Holdings, Inc.	Stock	0.34%	$429,000	916
43	RTX Raytheon Technologies	Stock	0.33%	$409,000	2.2K
44	XLE Energy Select Sector SPDR Fund	ETF	0.31%	$382,000	8.6K
45	GNRC Generac Holdings Inc.	Stock	0.30%	$375,000	2.8K
46	Alvotech	Stock	0.30%	$372,000	72.5K
47	AVGO Broadcom, Inc.	Stock	0.27%	$343,000	990
48	IWF iShares Russell 1000 Growth ETF	ETF	0.27%	$333,000	703
49	Microstrategy, Inc. 8.00	Convertible Preferred	0.26%	$321,000	4.1K
50	LNTH Lantheus Holdings, Inc.	Stock	0.26%	$320,000	4.8K
51	PSI Invesco Dynamic Semiconductors ETF	ETF	0.25%	$313,000	4.0K
52	JNJ Johnson & Johnson	Stock	0.25%	$312,000	1.5K
53	ECL Ecolab, Inc.	Stock	0.24%	$298,000	1.1K
54	IWR iShares Russell Mid-Cap ETF	ETF	0.23%	$291,000	3.0K
55	MPLX Mplx, LP	Stock	0.21%	$267,000	5.0K
56	ET Energy Transfer LP	Stock	0.21%	$264,000	16.0K
57	SUN Sunoco L.P.	Stock	0.21%	$262,000	5.0K
58	LH Laboratory Corporation of America Holdings	Stock	0.21%	$262,000	1.0K
59	CAT Caterpillar, Inc.	Stock	0.19%	$238,000	415
60	EPD Enterprise Products Partners L.P.	Stock	0.18%	$224,000	7.0K
61	LLY Eli Lilly and Company	Stock	0.17%	$215,000	200
62	PM Philip Morris International, Inc.	Stock	0.17%	$210,000	1.3K
63	RSP Invesco S&P 500 Equal Weight ETF	ETF	0.16%	$199,000	1.0K
64	SCHW Charles Schwab Corporation	Stock	0.15%	$193,000	1.9K
65	PANW Palo Alto Networks, Inc.	Stock	0.14%	$180,000	978
66	PAA Plains All American Pipeline, L.P.	Stock	0.14%	$180,000	10.0K
67	GS Goldman Sachs Group, Inc.	Stock	0.14%	$176,000	200
68	VICI VICI Properties, Inc.	REIT	0.14%	$172,000	6.1K
69	ISRG Intuitive Surgical, Inc.	Stock	0.14%	$170,000	300
70	PG Procter & Gamble Corporation	Stock	0.14%	$169,000	1.2K
71	HCA HCA Healthcare, Inc.	Stock	0.13%	$168,000	360
72	KMB Kimberly-Clark Corporation	Stock	0.13%	$161,000	1.6K
73	J.P. Morgan Hedged Equity Laddered Overlay ETF	ETF	0.13%	$161,000	2.4K
74	URA Global X Uranium ETF	ETF	0.12%	$153,000	3.6K
75	TSM Taiwan Semiconductor Manufacturing Company Limited	ADR	0.12%	$151,000	496
76	VB Vanguard Small Cap ETF	ETF	0.11%	$143,000	555
77	IQQQ ProShares Nasdaq-100 High Income ETF	ETF	0.11%	$140,000	3.1K
78	MRVL Marvell Technology, Inc.	Stock	0.11%	$140,000	1.6K
79	WFC Wells Fargo & Company	Stock	0.11%	$134,000	1.4K
80	RYLD Global X Russell 2000 Covered Call ETF	ETF	0.10%	$127,000	8.3K
81	WFC Wells Fargo Capital 7.50	Convertible Preferred	0.10%	$124,000	102
82	VTV Vanguard Value Index Fund ETF	ETF	0.10%	$120,000	626
83	CARR Carrier Global Corporation	Stock	0.09%	$115,000	2.2K
84	SYK Stryker Corporation	Stock	0.09%	$112,000	320
85	CVX Chevron Corporation	Stock	0.09%	$109,000	718
86	XLV Health Care Select Sector SPDR Fund	ETF	0.08%	$104,000	670
87	BKNG Booking Holdings Inc.	Stock	0.08%	$102,000	19
88	MRK Merck & Co., Inc.	Stock	0.08%	$101,000	957
89	VTI Vanguard Total Stock Market ETF	ETF	0.08%	$100,000	298
90	OTIS Otis Worldwide Corporation	Stock	0.08%	$97,000	1.1K
91	BUG Global X Cybersecurity	ETF	0.08%	$97,000	3.2K
92	PGR The Progressive Corporation	Stock	0.08%	$97,000	425
93	MMM 3M Company	Stock	0.08%	$94,000	585
94	TSLA Tesla Motors, Inc.	Stock	0.07%	$92,000	205
95	NSC Norfolk Southern Corporation	Stock	0.07%	$87,000	300
96	SCCO Southern Copper Corporation	Stock	0.07%	$87,000	604
97	QFLR Innovator Nasdaq-100 Managed Floor ETF	ETF	0.07%	$86,000	2.5K
98	JPM J.P. Morgan Chase & Co.	Stock	0.07%	$83,000	258
99	ADBE Adobe Systems, Inc.	Stock	0.07%	$82,000	234
100	LOUP Innovator Deepwater Frontier Tech ETF	ETF	0.06%	$76,000	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 ↗.