SGL Investment Advisors, Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 23, 2025), SGL Investment Advisors, Inc. reported 118 stock positions worth $207.6 million. Its top holding was Microsoft (MSFT) at 5.1% of the portfolio, followed by Apple (AAPL, 4.3%) and Intl Business Machines (IBM, 3.4%). Compared with Q1 2025, it opened 11 new positions, sold out of 7, added to 86 and reduced 20. The biggest buy was Nvidia (NVDA, shares +3%) and the biggest sale an exit from Watts Water Technologies-A (WTS).

Most Recent 13F
Q2 2026
Location
MISSOULA, MT
CIK
0002043186
Portfolio Value
$207.6M (Q2 2025)
SEC Filing
0002043186-25-000004 ↗ filed Jul 23, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q3 2024: $191.8M Q3 2024 Q4 2024: $195.2M Q4 2024 Q1 2025: $191.2M Q1 2025 Q2 2025: $207.6M $207.6M Q2 2025 Q3 2025: $237.4M Q3 2025 Q4 2025: $246.2M Q4 2025 Q1 2026: $264.0M Q1 2026 Q2 2026: $287.5M Q2 2026

Holdings 118 stocks · $207.6M
MSFT Microsoft Corp. 5.14% 21,487 $10.7M Add +1.1%
AAPL Apple Inc. 4.32% 42,710 $9.0M Add +1.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 3.42% 24,465 $7.1M Add +0.2%
MA Mastercard Inc. Class A 3.35% 12,378 $7.0M Add +2.1%
JPM JPMorgan Chase & Co. 2.90% 21,263 $6.0M Add +1.3%
HD Home Depot Inc. 2.88% 16,246 $6.0M Add +0.9%
IVW iShares S&P 500 Growth ETF 2.72% 51,407 $5.6M Add +3.1%
BRK.B Berkshire Hathaway Inc. Class B 2.70% 11,737 $5.6M Add +1.1%
NVDA Nvidia Corp. 2.64% 34,290 $5.5M Add +3.2%
CVX Chevron Corp. 2.55% 34,551 $5.3M Add +1.2%
JNJ Johnson & Johnson 2.46% 32,749 $5.1M Add +1.3%
TRV The Travelers Cos Inc. 2.44% 19,733 $5.1M Add +1.8%
META Meta Platforms Inc. Class A 2.35% 6,772 $4.9M Add +0.3%
GOOG Alphabet Inc. Class C 2.34% 27,753 $4.9M Add +0.9%
PANW Palo Alto Networks Inc. 2.33% 23,689 $4.8M Reduce -7.3%
CMI Cummins Inc. 2.31% 14,485 $4.8M Add +0.3%
DGX Quest Diagnostics Inc. 2.29% 27,529 $4.7M Add +3.0%
NXST Nexstar Media Group Inc. 2.06% 23,335 $4.3M Add +0.8%
PSA Public Storage 2.02% 14,422 $4.2M Add +1.8%
ORLY O'reilly Automotive Inc. 2.02% 45,717 $4.2M Add +1.9%
LHX L3HARRIS Technologies Inc. 1.87% 15,083 $3.9M Reduce -1.0%
SSNC Ss&c Technologies Holdings 1.81% 45,041 $3.7M Reduce -0.9%
ADBE Adobe Inc. 1.80% 9,799 $3.7M Reduce -9.2%
SCHW Schwab (charles) Corp. 1.71% 38,716 $3.6M Reduce -1.3%
IPG Interpublic Group of Cos Inc. 1.65% 135,360 $3.4M Add +1.3%
CAG Conagra Brands Inc. 1.62% 162,518 $3.4M Reduce -1.5%
TSCO Tractor Supply Company 1.57% 57,445 $3.3M Reduce -11.8%
UL Unilever PLC 1.57% 53,529 $3.3M Reduce -1.3%
WMT Walmart Inc. 1.51% 32,186 $3.1M Add +6.4%
IAU iShares Gold Trust 1.50% 49,909 $3.1M Add +1.8%
SPY SS SPDR S&P 500 ETF Trust-US 1.41% 4,715 $2.9M Add +3.6%
RMD Resmed Inc. 1.37% 11,070 $2.8M Reduce -11.7%
STE Steris PLC 1.27% 11,359 $2.6M Add +1.2%
NULG Nuveen ESG LRG-Cap GRW ETF 1.01% 22,365 $2.1M Reduce -1.5%
IWO iShares Russell 2000 Growth 0.77% 5,540 $1.6M Add +8.3%
VCIT Vanguard Int-Term Corporate 0.77% 19,467 $1.6M Add +15.9%
GOOGL Alphabet Inc. Class A 0.70% 8,356 $1.5M Add +8.6%
SCHH Schwab US REIT ETF 0.64% 62,330 $1.3M Add +14.9%
TXN Texas Instruments Inc. 0.59% 5,678 $1.2M Add +40.9%
SCHF Schwab Intl Equity ETF 0.59% 55,661 $1.2M Add +5.8%
AMZN Amazon.com Inc. 0.59% 5,548 $1.2M Add +8.1%
TMUS T-Mobile US Inc. 0.49% 4,344 $1.0M Add +11.7%
ACN Accenture PLC Class A 0.45% 3,104 $942K Add +4.3%
UBER Uber Technologies Inc. 0.42% 8,939 $871K New
JNK SS SPDR BB High Yield Bond 0.42% 9,007 $868K Add +14.3%
CMCSA Comcast Corp. Class A 0.42% 23,985 $863K Add +0.6%
ESG NT Stoxx US ESG ETF 0.41% 5,820 $855K Add +1.9%
AMAT Applied Materials Inc. 0.41% 4,340 $846K Reduce -0.2%
EFG iShares MSCI Eafe Growth ETF 0.41% 7,595 $845K Add +6.3%
T AT&T Inc. 0.39% 28,304 $801K New
NUSC Nuveen ESG Small-Cap ETF 0.38% 19,025 $794K Add +3.6%
NUDM Nuveen ESG Intl Devel MRK Eq 0.37% 21,539 $762K Add +2.6%
ORCL Oracle Corp. 0.37% 3,246 $761K Add +97.1%
BLK BlackRock Inc. 0.37% 707 $760K Reduce -0.3%
GS Goldman Sachs Group Inc. 0.36% 1,080 $753K Add +102.6%
WFC Wells Fargo & Co. 0.36% 9,044 $738K Add +119.3%
AMD Advanced Micro Devices 0.35% 5,337 $736K Add +91.5%
MS Morgan Stanley 0.35% 5,204 $734K Add +104.5%
INTU Intuit Inc. 0.35% 929 $726K Add +170.1%
AXP American Express Co. 0.34% 2,237 $709K Add +173.1%
PG The Procter & Gamble Co. 0.33% 4,299 $679K Add +116.7%
WM Waste Management Inc. 0.33% 3,012 $677K Add +1.2%
IJH iShares Core S&P Midcap ETF 0.32% 10,411 $660K Add +7.3%
NFLX Netflix Inc. 0.32% 515 $657K Add +4.7%
AMGN Amgen Inc. 0.30% 2,100 $624K Add +1.4%
TSLA Tesla Inc. 0.30% 2,079 $619K Add +102.2%
DES Wisdomtree US Smallcap Divid 0.28% 17,967 $591K Add +11.5%
GRID First TRST Nasd Class Edg Sgiif 0.28% 4,266 $590K Reduce -0.3%
ALL Allstate Corp. 0.26% 2,811 $544K Add +0.1%
DECK Deckers Outdoor Corp. 0.25% 5,011 $528K Add +1.9%
ADP Automatic Data Processing 0.25% 1,659 $509K New
VSS Vanguard Ftse All Wo X-US SC 0.24% 3,765 $506K Add +6.2%
VWO Vanguard Ftse Emerging Marke 0.24% 10,030 $498K Add +6.9%
SCHP Schwab U.S. Tips ETF 0.24% 18,494 $490K Add +11.7%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.23% 1,676 $477K Add +5.0%
COST Costco Wholesale Corp. 0.23% 481 $474K Add +30.0%
GE General Electric filed as GE AEROSPACE 0.22% 1,831 $452K Add +29.6%
KO The Coca-Cola Co. 0.22% 6,419 $451K Add +4.7%
DBX Dropbox Inc. Class A 0.21% 16,143 $442K Add +2.4%
AVGO Broadcom Inc. 0.21% 1,610 $438K Add +9.8%
CSCO Cisco Systems Inc. 0.21% 6,287 $431K Add +37.4%
PM Philip Morris International 0.21% 2,407 $428K Add +24.3%
ETHO Amplify Etho Climate Leaders 0.19% 6,715 $402K Add +2.5%
ISRG Intuitive Surgical Inc. 0.19% 751 $396K Add +5.5%
LIN Linde PLC 0.19% 832 $391K Add +9.9%
VZ Verizon Communications Inc. 0.19% 8,947 $385K Add +30.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.18% 7,995 $377K Add +11.2%
V Visa Inc. Class A 0.18% 1,050 $372K Add +32.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.17% 2,953 $360K Add +39.6%
ABT Abbott Laboratories 0.17% 2,661 $355K Add +6.2%
MU Micron Technology Inc. 0.17% 2,824 $351K New
ABBV Abbvie Inc. 0.17% 1,821 $346K Add +7.0%
QCOM Qualcomm Inc. 0.16% 2,146 $342K New
SPGI S&P Global Inc. 0.16% 650 $342K New
DHR Danaher Corp. 0.16% 1,698 $341K New
LLY Eli Lilly & Co. 0.16% 438 $341K Add +9.8%
XOM Exxon Mobil Corp. 0.16% 2,978 $340K Add +38.5%
PLTR Palantir Technologies Inc. Class A 0.16% 2,424 $339K New
NEE Nextera Energy Inc. 0.16% 4,651 $337K New
NOW ServiceNow Inc. 0.16% 329 $337K Add +22.8%

Show all 118 holdings

Other holdings (2): bonds, preferreds, convertibles and warrants · $2.5M (not counted above)
SecurityClassShares / PrincipalValueChange
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal 1,405,000$1.3MReduce -0.7%
SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) NOTE 1.500% 2/1 · principal 1,295,000$1.2MAdd +8.4%

Total filed on the 13F, all lines: $210.2M.

Portfolio Sells Q1 2025 → Q2 2025
WTS Watts Water Technologies-A Sold out 0.00% −0.40
CAG Conagra Brands Inc. Reduce -1.5% 1.62% −0.39
BNY Bank of New York Mellon Corp. Sold out 0.00% −0.38
ADBE Adobe Inc. Reduce -9.2% 1.80% −0.36
MCK McKesson Corp. Reduce -76.3% 0.11% −0.35
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.30
KR Kroger Co. Reduce -69.8% 0.11% −0.29
CDNS Cadence Design SYS Inc. Reduce -70.8% 0.11% −0.29
UNH Unitedhealth Group Inc. Reduce -65.5% 0.10% −0.29
PODD Insulet Corp. Reduce -71.9% 0.11% −0.27
LII Lennox International Inc. Sold out 0.00% −0.24
CL Colgate-Palmolive Co. Sold out 0.00% −0.23
VST Vistra Corp. Reduce -74.9% 0.10% −0.23
RMD Resmed Inc. Reduce -11.7% 1.37% −0.23
UL Unilever PLC Reduce -1.3% 1.57% −0.20
PANW Palo Alto Networks Inc. Reduce -7.3% 2.33% −0.19
TSCO Tractor Supply Company Reduce -11.8% 1.57% −0.18
BX Blackstone Inc. Sold out 0.00% −0.14
PEP Pepsico Inc. Sold out 0.00% −0.14
SSNC Ss&c Technologies Holdings Reduce -0.9% 1.81% −0.04
SCHW Schwab (charles) Corp. Reduce -1.3% 1.71% −0.02
MRK Merck & Co. Inc. Reduce -4.5% 0.14% −0.01
GRID First TRST Nasd Class Edg Sgiif Reduce -0.3% 0.28% +0.01
NULG Nuveen ESG LRG-Cap GRW ETF Reduce -1.5% 1.01% +0.02
BLK BlackRock Inc. Reduce -0.3% 0.37% +0.02
AMAT Applied Materials Inc. Reduce -0.2% 0.41% +0.05
LHX L3HARRIS Technologies Inc. Reduce -1.0% 1.87% +0.13

Portfolio Buys Q1 2025 → Q2 2025
NVDA Nvidia Corp. Add +3.2% 2.64% +0.60
UBER Uber Technologies Inc. New 0.42% +0.42
T AT&T Inc. New 0.39% +0.39
MSFT Microsoft Corp. Add +1.1% 5.14% +0.27
ADP Automatic Data Processing New 0.25% +0.25
TXN Texas Instruments Inc. Add +40.9% 0.59% +0.24
META Meta Platforms Inc. Class A Add +0.3% 2.35% +0.24
ORCL Oracle Corp. Add +97.1% 0.37% +0.24
INTU Intuit Inc. Add +170.1% 0.35% +0.23
AXP American Express Co. Add +173.1% 0.34% +0.22
AMD Advanced Micro Devices Add +91.5% 0.35% +0.21
GS Goldman Sachs Group Inc. Add +102.6% 0.36% +0.20
WFC Wells Fargo & Co. Add +119.3% 0.36% +0.20
MS Morgan Stanley Add +104.5% 0.35% +0.19
IVW iShares S&P 500 Growth ETF Add +3.1% 2.72% +0.19
IBM Intl Business Machines Corp. Add +0.2% 3.42% +0.18
MU Micron Technology Inc. New 0.17% +0.17
QCOM Qualcomm Inc. New 0.16% +0.16
SPGI S&P Global Inc. New 0.16% +0.16
DHR Danaher Corp. New 0.16% +0.16
PLTR Palantir Technologies Inc. Class A New 0.16% +0.16
NEE Nextera Energy Inc. New 0.16% +0.16
PG The Procter & Gamble Co. Add +116.7% 0.33% +0.16
BSX Boston Scientific Corp. New 0.16% +0.16
TSLA Tesla Inc. Add +102.2% 0.30% +0.15
JPM JPMorgan Chase & Co. Add +1.3% 2.90% +0.11
RTX RTX Corp. New 0.10% +0.10
CVX Chevron Corp. Add +1.2% 2.55% +0.10
GOOG Alphabet Inc. Class C Add +0.9% 2.34% +0.10
GOOGL Alphabet Inc. Class A Add +8.6% 0.70% +0.08
NXST Nexstar Media Group Inc. Add +0.8% 2.06% +0.07
AMZN Amazon.com Inc. Add +8.1% 0.59% +0.07
IWO iShares Russell 2000 Growth Add +8.3% 0.77% +0.07
CSCO Cisco Systems Inc. Add +37.4% 0.21% +0.06
SPY SS SPDR S&P 500 ETF Trust-US Add +3.6% 1.41% +0.06
GE General Electric Add +29.6% 0.22% +0.06
VCIT Vanguard Int-Term Corporate Add +15.9% 0.77% +0.06
DIS The Walt Disney Co. Add +39.6% 0.17% +0.06
AVGO Broadcom Inc. Add +9.8% 0.21% +0.05
XOM Exxon Mobil Corp. Add +38.5% 0.16% +0.04
SCHH Schwab US REIT ETF Add +14.9% 0.64% +0.04
V Visa Inc. Class A Add +32.4% 0.18% +0.03
COST Costco Wholesale Corp. Add +30.0% 0.23% +0.03
KBDC Kayne Anderson BDC Inc. Add +50.0% 0.12% +0.03
PM Philip Morris International Add +24.3% 0.21% +0.03
CRM Salesforce Inc. Add +40.8% 0.14% +0.03
VZ Verizon Communications Inc. Add +30.1% 0.19% +0.03
JNK SS SPDR BB High Yield Bond Add +14.3% 0.42% +0.03
NOW ServiceNow Inc. Add +22.8% 0.16% +0.03
BAC Bank of America Corp. Add +11.2% 0.18% +0.03

Notes & Other Activity Q1 2025 → Q2 2025
TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal Reduce -0.7% 1,405,000 $1.3M
SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) NOTE 1.500% 2/1 · principal Add +8.4% 1,295,000 $1.2M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 129$287.5MMSFT, AAPL, IVW, SCHF, NVDA
Q1 2026 124$264.0MAAPL, SCHF, IVW, MSFT, NVDA
Q4 2025 123$246.2MAAPL, MSFT, IVW, GOOG, JNJ
Q3 2025 124$237.4MAAPL, MSFT, NVDA, GOOG, IBM
Q2 2025 118$207.6MMSFT, AAPL, IBM, MA, JPM
Q1 2025 114$191.2MMSFT, AAPL, MA, IBM, BRK.B
Q4 2024 111$195.2MAAPL, MSFT, JPM, MA, HD
Q3 2024 103$191.8MAAPL, MSFT, JPM, CMI, HD