SGL Investment Advisors, Inc.

Name: SGL Investment Advisors, Inc. 13F holdings, Q2 2025
Creator: SGL Investment Advisors, Inc.
Published: 2025-07-23

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024

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

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%
VNQI Vanguard GLBL Ex-US Real Est	0.16%	7,218	$331K	Add +6.8%
BSX Boston Scientific Corp.	0.16%	3,182	$326K	New
MCD McDonald's Corp.	0.15%	1,100	$321K	Add +5.0%
SUSB iShares ESG Aware 1-5 Year U	0.15%	12,439	$311K	Add +8.9%
MRK Merck & Co. Inc.	0.14%	3,611	$294K	Reduce -4.5%
SCHV Schwab US Large-Cap Value	0.14%	10,403	$291K	Add +15.9%
CRM Salesforce Inc.	0.14%	1,060	$290K	Add +40.8%
LUV Southwest Airlines Co.	0.13%	7,644	$260K	No change
PCY Invesco Emerging Markets Sov	0.12%	12,558	$254K	Add +13.2%
KBDC Kayne Anderson BDC Inc.	0.12%	15,799	$248K	Add +50.0%
CDNS Cadence Design SYS Inc.	0.11%	731	$236K	Reduce -70.8%
NUBD Nuveen ESG US Aggregate Bond	0.11%	10,718	$236K	Add +8.4%
PODD Insulet Corp.	0.11%	792	$235K	Reduce -71.9%
KR Kroger Co.	0.11%	3,200	$223K	Reduce -69.8%
MCK McKesson Corp.	0.11%	302	$219K	Reduce -76.3%
VST Vistra Corp.	0.10%	1,142	$217K	Reduce -74.9%
RTX RTX Corp.	0.10%	1,495	$217K	New
UNH Unitedhealth Group Inc.	0.10%	656	$202K	Reduce -65.5%

Other holdings (2): bonds, preferreds, convertibles and warrants · $2.5M (not counted above)

Security	Class	Shares / Principal	Value	Change
TELADOC HEALTH INC (TDOC 1.25 06/01/27)	NOTE 1.250% 6/0 · principal	1,405,000	$1.3M	Reduce -0.7%
SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26)	NOTE 1.500% 2/1 · principal	1,295,000	$1.2M	Add +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

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