SGL Investment Advisors, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), SGL Investment Advisors, Inc. reported 111 stock positions worth $195.2 million. Its top holding was Apple (AAPL) at 5.0% of the portfolio, followed by Microsoft (MSFT, 4.4%) and JPMorgan Chase (JPM, 4.0%). Compared with Q3 2024, it opened 16 new positions, sold out of 8, added to 66 and reduced 29. The biggest buy was Intl Business Machines (IBM, shares +13%) and the biggest sale an exit from Intel (INTC).
- Most Recent 13F
- Q2 2026
- Location
- MISSOULA, MT
- CIK
- 0002043186
- Portfolio Value
- $195.2M (Q4 2024)
- SEC Filing
- 0002043186-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 111 stocks · $195.2M
| AAPL Apple Inc. | 4.95% | 40,825 | $9.7M | Add +0.5% |
| MSFT Microsoft Corp. | 4.43% | 21,150 | $8.7M | Add +2.5% |
| JPM JPMorgan Chase & Co. | 4.02% | 28,474 | $7.8M | Add +0.5% |
| MA Mastercard Inc. Class A | 3.53% | 12,190 | $6.9M | Add +3.5% |
| HD Home Depot Inc. | 3.32% | 15,910 | $6.5M | Add +2.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.21% | 24,457 | $6.3M | Add +12.7% |
| PANW Palo Alto Networks Inc. | 2.87% | 28,480 | $5.6M | Add +1.5% |
| ORLY O'reilly Automotive Inc. | 2.80% | 4,123 | $5.5M | Add +2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.76% | 11,425 | $5.4M | Add +3.0% |
| CMI Cummins Inc. | 2.72% | 14,545 | $5.3M | Reduce -22.4% |
| CVX Chevron Corp. | 2.68% | 33,721 | $5.2M | Add +1.5% |
| SSNC Ss&c Technologies Holdings | 2.66% | 58,936 | $5.2M | Add +0.4% |
| GOOG Alphabet Inc. Class C | 2.57% | 27,074 | $5.0M | Add +5.4% |
| JNJ Johnson & Johnson | 2.50% | 31,481 | $4.9M | Add +3.1% |
| ADBE Adobe Inc. | 2.49% | 10,498 | $4.9M | Add +36.1% |
| META Meta Platforms Inc. Class A | 2.49% | 6,695 | $4.9M | Add +3.6% |
| TRV The Travelers Cos Inc. | 2.45% | 19,889 | $4.8M | Add +2.2% |
| DGX Quest Diagnostics Inc. | 2.31% | 27,476 | $4.5M | Add +3.4% |
| PSA Public Storage | 2.23% | 14,519 | $4.4M | Add +2.3% |
| IVW iShares S&P 500 Growth ETF | 2.11% | 39,149 | $4.1M | Reduce -1.7% |
| CAG Conagra Brands Inc. | 2.07% | 162,965 | $4.0M | Reduce -2.5% |
| TSCO Tractor Supply Company | 1.86% | 65,088 | $3.6M | Add +0.8% |
| IPG Interpublic Group of Cos Inc. | 1.85% | 134,738 | $3.6M | Add +9.8% |
| UPS United Parcel Service Class B | 1.79% | 30,536 | $3.5M | Add +2.1% |
| NXST Nexstar Media Group Inc. | 1.73% | 22,584 | $3.4M | Reduce -0.1% |
| UL Unilever PLC | 1.69% | 55,752 | $3.3M | Add +1.6% |
| SCHW Schwab (charles) Corp. | 1.63% | 38,680 | $3.2M | Add +1.7% |
| LHX L3HARRIS Technologies Inc. | 1.61% | 15,635 | $3.1M | Add +22.9% |
| ICLR Icon PLC | 1.55% | 16,172 | $3.0M | Add +0.0% |
| DHR Danaher Corp. | 1.38% | 13,328 | $2.7M | Reduce -7.8% |
| STE Steris PLC | 1.27% | 11,309 | $2.5M | Add +3.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.12% | 3,638 | $2.2M | Reduce -1.9% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.97% | 21,646 | $1.9M | Add +1.6% |
| GOOGL Alphabet Inc. Class A | 0.70% | 7,415 | $1.4M | Add +2.8% |
| IWO iShares Russell 2000 Growth | 0.59% | 3,913 | $1.1M | Add +3.3% |
| TMUS T-Mobile US Inc. | 0.57% | 4,378 | $1.1M | Add +307.3% |
| VCIT Vanguard Int-Term Corporate | 0.56% | 13,523 | $1.1M | Reduce -4.3% |
| ACN Accenture PLC Class A | 0.55% | 2,758 | $1.1M | Add +5.8% |
| SCHH Schwab US REIT ETF | 0.50% | 45,853 | $983K | Add +4.3% |
| PODD Insulet Corp. | 0.50% | 3,471 | $970K | Add +0.3% |
| UNH Unitedhealth Group Inc. | 0.48% | 1,767 | $932K | Reduce -40.0% |
| SCHF Schwab Intl Equity ETF | 0.46% | 45,844 | $903K | Reduce -49.0% |
| CMCSA Comcast Corp. Class A | 0.44% | 24,425 | $852K | Reduce -8.4% |
| ESG NT Stoxx US ESG ETF | 0.40% | 5,453 | $787K | Reduce -3.1% |
| KR Kroger Co. | 0.39% | 11,699 | $770K | Add +0.1% |
| MCK McKesson Corp. | 0.39% | 1,264 | $752K | New |
| TXN Texas Instruments Inc. | 0.38% | 4,127 | $743K | Reduce -21.4% |
| CDNS Cadence Design SYS Inc. | 0.38% | 2,525 | $742K | Reduce -2.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.38% | 8,594 | $733K | Reduce -14.3% |
| NUSC Nuveen ESG Small-Cap ETF | 0.37% | 16,988 | $725K | Add +2.6% |
| WTS Watts Water Technologies-A | 0.37% | 3,255 | $720K | Reduce -0.8% |
| NVDA Nvidia Corp. | 0.36% | 5,388 | $707K | Add +5.0% |
| BLK BlackRock Inc. | 0.36% | 714 | $695K | Add +0.8% |
| NUDM Nuveen ESG Intl Devel MRK Eq | 0.35% | 21,677 | $691K | Reduce -1.0% |
| WM Waste Management Inc. | 0.35% | 3,019 | $687K | Add +0.9% |
| AMZN Amazon.com Inc. | 0.35% | 2,983 | $683K | Add +7.3% |
| IAU iShares Gold Trust | 0.35% | 12,340 | $676K | Reduce -3.3% |
| SRE Sempra | 0.34% | 7,888 | $654K | Add +0.5% |
| EFG iShares MSCI Eafe Growth ETF | 0.33% | 6,246 | $645K | Add +5.2% |
| AMGN Amgen Inc. | 0.32% | 2,133 | $629K | Reduce -20.1% |
| AMD Advanced Micro Devices | 0.32% | 5,592 | $625K | Add +11.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.31% | 1,333 | $604K | Add +0.9% |
| JNK SS SPDR BB High Yield Bond | 0.31% | 6,220 | $598K | Reduce -2.2% |
| AMAT Applied Materials Inc. | 0.30% | 3,210 | $581K | Reduce -21.3% |
| DECK Deckers Outdoor Corp. | 0.28% | 3,580 | $551K | Add +0.4% |
| ALL Allstate Corp. | 0.27% | 2,809 | $532K | Add +1.0% |
| DBX Dropbox Inc. Class A | 0.26% | 16,067 | $513K | New |
| GRID First TRST Nasd Class Edg Sgiif | 0.26% | 4,154 | $502K | Add +2.1% |
| IJH iShares Core S&P Midcap ETF | 0.25% | 7,841 | $497K | Reduce -0.3% |
| WMT Walmart Inc. | 0.25% | 4,734 | $490K | Reduce -8.8% |
| LII Lennox International Inc. | 0.24% | 781 | $475K | New |
| DES Wisdomtree US Smallcap Divid | 0.22% | 12,895 | $439K | Reduce -2.2% |
| CL Colgate-Palmolive Co. | 0.22% | 5,057 | $439K | Add +1.0% |
| NFLX Netflix Inc. | 0.21% | 406 | $417K | Add +26.1% |
| COST Costco Wholesale Corp. | 0.20% | 366 | $390K | Add +2.5% |
| ETHO Amplify Etho Climate Leaders | 0.19% | 6,090 | $370K | Add +0.8% |
| KO The Coca-Cola Co. | 0.18% | 5,243 | $360K | Add +19.8% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.18% | 1,314 | $360K | Add +2.1% |
| VWO Vanguard Ftse Emerging Marke | 0.18% | 7,799 | $354K | Add +4.3% |
| VSS Vanguard Ftse All Wo X-US SC | 0.18% | 2,989 | $350K | Add +5.0% |
| SCHP Schwab U.S. Tips ETF | 0.18% | 13,262 | $346K | Reduce -49.8% |
| PG The Procter & Gamble Co. | 0.15% | 1,754 | $297K | Add +16.7% |
| GE General Electric filed as GE AEROSPACE | 0.15% | 1,364 | $286K | Add +10.9% |
| VZ Verizon Communications Inc. | 0.15% | 7,025 | $285K | Reduce -76.6% |
| WFC Wells Fargo & Co. | 0.14% | 3,561 | $282K | Reduce -0.7% |
| CSCO Cisco Systems Inc. | 0.14% | 4,508 | $282K | Add +6.8% |
| V Visa Inc. Class A | 0.14% | 771 | $271K | Add +14.2% |
| ORCL Oracle Corp. | 0.14% | 1,561 | $269K | Add +5.8% |
| LIN Linde PLC | 0.14% | 586 | $269K | New |
| MS Morgan Stanley | 0.14% | 1,954 | $268K | New |
| LLY Eli Lilly & Co. | 0.14% | 305 | $266K | Add +12.1% |
| AVGO Broadcom Inc. | 0.13% | 1,108 | $262K | Reduce -16.5% |
| GS Goldman Sachs Group Inc. | 0.13% | 399 | $259K | New |
| MCD McDonald's Corp. | 0.13% | 835 | $257K | Add +23.5% |
| TSLA Tesla Inc. | 0.13% | 756 | $254K | Reduce -30.2% |
| MRK Merck & Co. Inc. | 0.13% | 2,941 | $252K | New |
| ABT Abbott Laboratories | 0.13% | 1,925 | $251K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.13% | 5,406 | $250K | Add +8.4% |
| AXP American Express Co. | 0.13% | 813 | $249K | New |
| ABBV Abbvie Inc. | 0.12% | 1,261 | $243K | New |
Other holdings (3): bonds, preferreds, convertibles and warrants · $3.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 1,415,000 | $1.3M | Reduce -0.7% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 1,200,000 | $1.1M | Reduce -0.8% |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | 729,000 | $742K | Reduce -0.7% |
Total filed on the 13F, all lines: $198.4M.
Portfolio Sells Q3 2024 → Q4 2024
| INTC Intel Corp. | Sold out | 0.00% | −1.23 |
| CMI Cummins Inc. | Reduce -22.4% | 2.72% | −0.84 |
| VZ Verizon Communications Inc. | Reduce -76.6% | 0.15% | −0.49 |
| UNH Unitedhealth Group Inc. | Reduce -40.0% | 0.48% | −0.43 |
| DHR Danaher Corp. | Reduce -7.8% | 1.38% | −0.43 |
| CAG Conagra Brands Inc. | Reduce -2.5% | 2.07% | −0.33 |
| INTU Intuit Inc. | Reduce -65.8% | 0.10% | −0.27 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.25 |
| NXST Nexstar Media Group Inc. | Reduce -0.1% | 1.73% | −0.23 |
| TXN Texas Instruments Inc. | Reduce -21.4% | 0.38% | −0.18 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −0.17 |
| CMCSA Comcast Corp. Class A | Reduce -8.4% | 0.44% | −0.17 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.17 |
| SUSB iShares ESG Aware 1-5 Year U | Sold out | 0.00% | −0.12 |
| NUBD Nuveen ESG US Aggregate Bond | Sold out | 0.00% | −0.11 |
| CACI Caci International Inc. Class A | Sold out | 0.00% | −0.11 |
| SCHV Schwab US Large-Cap Value | Sold out | 0.00% | −0.10 |
| AMAT Applied Materials Inc. | Reduce -21.3% | 0.30% | −0.10 |
| AMGN Amgen Inc. | Reduce -20.1% | 0.32% | −0.09 |
| TSLA Tesla Inc. | Reduce -30.2% | 0.13% | −0.05 |
| VCIT Vanguard Int-Term Corporate | Reduce -4.3% | 0.56% | −0.04 |
| BNY Bank of New York Mellon Corp. | Reduce -14.3% | 0.38% | −0.03 |
| CDNS Cadence Design SYS Inc. | Reduce -2.0% | 0.38% | −0.03 |
| DES Wisdomtree US Smallcap Divid | Reduce -2.2% | 0.22% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.9% | 1.12% | −0.02 |
| JNK SS SPDR BB High Yield Bond | Reduce -2.2% | 0.31% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -0.3% | 0.25% | −0.01 |
| NUDM Nuveen ESG Intl Devel MRK Eq | Reduce -1.0% | 0.35% | −0.00 |
| ESG NT Stoxx US ESG ETF | Reduce -3.1% | 0.40% | −0.00 |
| SCHP Schwab U.S. Tips ETF | Reduce -49.8% | 0.18% | −0.00 |
| WTS Watts Water Technologies-A | Reduce -0.8% | 0.37% | +0.01 |
| WFC Wells Fargo & Co. | Reduce -0.7% | 0.14% | +0.01 |
| SCHF Schwab Intl Equity ETF | Reduce -49.0% | 0.46% | +0.01 |
| AVGO Broadcom Inc. | Reduce -16.5% | 0.13% | +0.02 |
| WMT Walmart Inc. | Reduce -8.8% | 0.25% | +0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.7% | 2.11% | +0.02 |
| IAU iShares Gold Trust | Reduce -3.3% | 0.35% | +0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| IBM Intl Business Machines Corp. | Add +12.7% | 3.21% | +0.84 |
| META Meta Platforms Inc. Class A | Add +3.6% | 2.49% | +0.54 |
| JPM JPMorgan Chase & Co. | Add +0.5% | 4.02% | +0.44 |
| TMUS T-Mobile US Inc. | Add +307.3% | 0.57% | +0.44 |
| SSNC Ss&c Technologies Holdings | Add +0.4% | 2.66% | +0.39 |
| MCK McKesson Corp. | New | 0.39% | +0.39 |
| ADBE Adobe Inc. | Add +36.1% | 2.49% | +0.36 |
| MA Mastercard Inc. Class A | Add +3.5% | 3.53% | +0.33 |
| DBX Dropbox Inc. Class A | New | 0.26% | +0.26 |
| LII Lennox International Inc. | New | 0.24% | +0.24 |
| ORLY O'reilly Automotive Inc. | Add +2.5% | 2.80% | +0.23 |
| GOOG Alphabet Inc. Class C | Add +5.4% | 2.57% | +0.20 |
| DGX Quest Diagnostics Inc. | Add +3.4% | 2.31% | +0.14 |
| LIN Linde PLC | New | 0.14% | +0.14 |
| MS Morgan Stanley | New | 0.14% | +0.14 |
| GS Goldman Sachs Group Inc. | New | 0.13% | +0.13 |
| MRK Merck & Co. Inc. | New | 0.13% | +0.13 |
| ABT Abbott Laboratories | New | 0.13% | +0.13 |
| AXP American Express Co. | New | 0.13% | +0.13 |
| ABBV Abbvie Inc. | New | 0.12% | +0.12 |
| ISRG Intuitive Surgical Inc. | New | 0.12% | +0.12 |
| AAPL Apple Inc. | Add +0.5% | 4.95% | +0.12 |
| BX Blackstone Inc. | New | 0.12% | +0.12 |
| PEP Pepsico Inc. | New | 0.12% | +0.12 |
| LUV Southwest Airlines Co. | New | 0.12% | +0.12 |
| TMO Thermo Fisher Scientific Inc. | New | 0.11% | +0.11 |
| PM Philip Morris International | New | 0.11% | +0.11 |
| JNJ Johnson & Johnson | Add +3.1% | 2.50% | +0.09 |
| NFLX Netflix Inc. | Add +26.1% | 0.21% | +0.07 |
| ACN Accenture PLC Class A | Add +5.8% | 0.55% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.0% | 2.76% | +0.06 |
| UL Unilever PLC | Add +1.6% | 1.69% | +0.05 |
| AMZN Amazon.com Inc. | Add +7.3% | 0.35% | +0.04 |
| KO The Coca-Cola Co. | Add +19.8% | 0.18% | +0.04 |
| SCHW Schwab (charles) Corp. | Add +1.7% | 1.63% | +0.04 |
| HD Home Depot Inc. | Add +2.6% | 3.32% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +2.8% | 0.70% | +0.04 |
| KR Kroger Co. | Add +0.1% | 0.39% | +0.03 |
| GE General Electric | Add +10.9% | 0.15% | +0.03 |
| V Visa Inc. Class A | Add +14.2% | 0.14% | +0.03 |
| COST Costco Wholesale Corp. | Add +2.5% | 0.20% | +0.03 |
| MCD McDonald's Corp. | Add +23.5% | 0.13% | +0.03 |
| PODD Insulet Corp. | Add +0.3% | 0.50% | +0.03 |
| LLY Eli Lilly & Co. | Add +12.1% | 0.14% | +0.02 |
| EFG iShares MSCI Eafe Growth ETF | Add +5.2% | 0.33% | +0.02 |
| PG The Procter & Gamble Co. | Add +16.7% | 0.15% | +0.02 |
| CSCO Cisco Systems Inc. | Add +6.8% | 0.14% | +0.02 |
| DIS The Walt Disney Co. | Add +12.8% | 0.12% | +0.01 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +2.1% | 0.18% | +0.01 |
| BAC Bank of America Corp. | Add +8.4% | 0.13% | +0.01 |
Notes & Other Activity Q3 2024 → Q4 2024
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | Reduce -0.7% | 1,415,000 | $1.3M |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | Reduce -0.8% | 1,200,000 | $1.1M |
| EZCORP INC (EZPW 2.375 05/01/25) | NOTE 2.375% 5/0 · principal | Reduce -0.7% | 729,000 | $742K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 129 | $287.5M | MSFT, AAPL, IVW, SCHF, NVDA |
| Q1 2026 | 124 | $264.0M | AAPL, SCHF, IVW, MSFT, NVDA |
| Q4 2025 | 123 | $246.2M | AAPL, MSFT, IVW, GOOG, JNJ |
| Q3 2025 | 124 | $237.4M | AAPL, MSFT, NVDA, GOOG, IBM |
| Q2 2025 | 118 | $207.6M | MSFT, AAPL, IBM, MA, JPM |
| Q1 2025 | 114 | $191.2M | MSFT, AAPL, MA, IBM, BRK.B |
| Q4 2024 | 111 | $195.2M | AAPL, MSFT, JPM, MA, HD |
| Q3 2024 | 103 | $191.8M | AAPL, MSFT, JPM, CMI, HD |