SGL Investment Advisors, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), SGL Investment Advisors, Inc. reported 124 stock positions worth $237.4 million. Its top holding was Apple (AAPL) at 5.0% of the portfolio, followed by Microsoft (MSFT, 4.8%) and Nvidia (NVDA, 3.4%). Compared with Q2 2025, it opened 9 new positions, sold out of 3, added to 75 and reduced 33. The biggest buy was a new position in Yelp (YELP) and the biggest sale Unilever (UL, shares −79%).
- Most Recent 13F
- Q2 2026
- Location
- MISSOULA, MT
- CIK
- 0002043186
- Portfolio Value
- $237.4M (Q3 2025)
- SEC Filing
- 0002043186-25-000006 ↗ filed Nov 4, 2025
Holdings Value
Holdings 124 stocks · $237.4M
| AAPL Apple Inc. | 5.03% | 44,417 | $12.0M | Add +4.0% |
| MSFT Microsoft Corp. | 4.78% | 21,952 | $11.3M | Add +2.2% |
| NVDA Nvidia Corp. | 3.41% | 39,088 | $8.1M | Add +14.0% |
| GOOG Alphabet Inc. Class C | 3.16% | 26,386 | $7.5M | Reduce -4.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.08% | 23,995 | $7.3M | Reduce -1.9% |
| IVW iShares S&P 500 Growth ETF | 3.08% | 58,266 | $7.3M | Add +13.3% |
| JPM JPMorgan Chase & Co. | 2.90% | 22,239 | $6.9M | Add +4.6% |
| MA Mastercard Inc. Class A | 2.78% | 12,131 | $6.6M | Reduce -2.0% |
| CMI Cummins Inc. | 2.67% | 14,455 | $6.3M | Reduce -0.2% |
| JNJ Johnson & Johnson | 2.56% | 32,588 | $6.1M | Reduce -0.5% |
| HD Home Depot Inc. | 2.54% | 15,905 | $6.0M | Reduce -2.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.37% | 11,841 | $5.6M | Add +0.9% |
| CVX Chevron Corp. | 2.27% | 34,907 | $5.4M | Add +1.0% |
| TRV The Travelers Cos Inc. | 2.26% | 20,030 | $5.4M | Add +1.5% |
| PANW Palo Alto Networks Inc. | 2.24% | 24,271 | $5.3M | Add +2.5% |
| DGX Quest Diagnostics Inc. | 2.11% | 28,049 | $5.0M | Add +1.9% |
| LHX L3HARRIS Technologies Inc. | 1.93% | 15,844 | $4.6M | Add +5.0% |
| WMT Walmart Inc. | 1.89% | 44,102 | $4.5M | Add +37.0% |
| META Meta Platforms Inc. Class A | 1.87% | 6,977 | $4.4M | Add +3.0% |
| ORLY O'reilly Automotive Inc. | 1.78% | 46,175 | $4.2M | Add +1.0% |
| IAU iShares Gold Trust | 1.69% | 53,198 | $4.0M | Add +6.6% |
| SSNC Ss&c Technologies Holdings | 1.69% | 47,396 | $4.0M | Add +5.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.66% | 5,755 | $3.9M | Add +22.1% |
| PSA Public Storage | 1.61% | 13,785 | $3.8M | Reduce -4.4% |
| CAG Conagra Brands Inc. | 1.58% | 216,603 | $3.7M | Add +33.3% |
| SCHW Schwab (charles) Corp. | 1.55% | 39,461 | $3.7M | Add +1.9% |
| NXST Nexstar Media Group Inc. | 1.33% | 16,170 | $3.2M | Reduce -30.7% |
| ADBE Adobe Inc. | 1.32% | 9,278 | $3.1M | Reduce -5.3% |
| TSCO Tractor Supply Company | 1.29% | 58,555 | $3.1M | Add +1.9% |
| IPG Interpublic Group of Cos Inc. | 1.22% | 115,757 | $2.9M | Reduce -14.5% |
| RMD Resmed Inc. | 1.19% | 11,299 | $2.8M | Add +2.1% |
| STE Steris PLC | 1.17% | 11,702 | $2.8M | Add +3.0% |
| YELP Yelp Inc. | 1.12% | 80,350 | $2.7M | New |
| VCIT Vanguard Int-Term Corporate | 0.97% | 27,673 | $2.3M | Add +42.1% |
| GOOGL Alphabet Inc. Class A | 0.97% | 8,132 | $2.3M | Reduce -2.7% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.96% | 22,428 | $2.3M | Add +0.3% |
| IWO iShares Russell 2000 Growth | 0.89% | 6,411 | $2.1M | Add +15.7% |
| SCHH Schwab US REIT ETF | 0.72% | 81,615 | $1.7M | Add +30.9% |
| SCHF Schwab Intl Equity ETF | 0.71% | 70,796 | $1.7M | Add +27.2% |
| AMD Advanced Micro Devices | 0.68% | 6,194 | $1.6M | Add +16.1% |
| AMZN Amazon.com Inc. | 0.56% | 5,195 | $1.3M | Reduce -6.4% |
| TSLA Tesla Inc. | 0.52% | 2,634 | $1.2M | Add +26.7% |
| JNK SS SPDR BB High Yield Bond | 0.51% | 12,472 | $1.2M | Add +38.5% |
| EFG iShares MSCI Eafe Growth ETF | 0.46% | 9,368 | $1.1M | Add +23.3% |
| PG The Procter & Gamble Co. | 0.45% | 7,142 | $1.1M | Add +66.1% |
| AMGN Amgen Inc. | 0.40% | 3,201 | $948K | Add +52.4% |
| ESG NT Stoxx US ESG ETF | 0.40% | 6,013 | $943K | Add +3.3% |
| UBER Uber Technologies Inc. | 0.40% | 9,404 | $938K | Add +5.2% |
| TXN Texas Instruments Inc. | 0.38% | 5,632 | $909K | Reduce -0.8% |
| MS Morgan Stanley | 0.37% | 5,392 | $882K | Add +3.6% |
| NUSC Nuveen ESG Small-Cap ETF | 0.37% | 19,812 | $878K | Add +4.1% |
| CSCO Cisco Systems Inc. | 0.37% | 11,729 | $873K | Add +86.6% |
| IJH iShares Core S&P Midcap ETF | 0.36% | 13,093 | $850K | Add +25.8% |
| GS Goldman Sachs Group Inc. | 0.36% | 1,080 | $848K | No change |
| AXP American Express Co. | 0.36% | 2,331 | $843K | Add +4.2% |
| WFC Wells Fargo & Co. | 0.35% | 9,643 | $842K | Add +6.6% |
| NUDM Nuveen ESG Intl Devel MRK Eq | 0.35% | 22,127 | $841K | Add +2.7% |
| ORCL Oracle Corp. | 0.35% | 3,204 | $826K | Reduce -1.3% |
| KO The Coca-Cola Co. | 0.35% | 12,120 | $824K | Add +88.8% |
| TMUS T-Mobile US Inc. | 0.34% | 3,953 | $804K | Reduce -9.0% |
| UNH Unitedhealth Group Inc. | 0.33% | 2,382 | $795K | Add +263.1% |
| LLY Eli Lilly & Co. | 0.33% | 872 | $782K | Add +99.1% |
| ISCV iShares Morningstar Small-Ca | 0.33% | 11,773 | $779K | New |
| ABBV Abbvie Inc. | 0.32% | 3,582 | $759K | Add +96.7% |
| AMAT Applied Materials Inc. | 0.32% | 3,189 | $758K | Reduce -26.5% |
| V Visa Inc. Class A | 0.31% | 2,163 | $729K | Add +106.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.30% | 6,379 | $715K | Add +116.0% |
| ACN Accenture PLC Class A | 0.30% | 2,871 | $713K | Reduce -7.5% |
| MRK Merck & Co. Inc. | 0.30% | 8,590 | $709K | Add +137.9% |
| MCD McDonald's Corp. | 0.29% | 2,353 | $697K | Add +113.9% |
| T AT&T Inc. | 0.29% | 28,044 | $688K | Reduce -0.9% |
| CRM Salesforce Inc. | 0.29% | 2,617 | $684K | Add +146.9% |
| UL Unilever PLC | 0.28% | 11,105 | $674K | Reduce -79.3% |
| SCHP Schwab U.S. Tips ETF | 0.28% | 25,079 | $673K | Add +35.6% |
| LIN Linde PLC | 0.28% | 1,629 | $671K | Add +95.8% |
| NOW ServiceNow Inc. | 0.28% | 725 | $663K | Add +120.4% |
| GRID First TRST Nasd Class Edg Sgiif | 0.28% | 4,192 | $660K | Reduce -1.7% |
| VWO Vanguard Ftse Emerging Marke | 0.28% | 11,975 | $660K | Add +19.4% |
| INTU Intuit Inc. | 0.28% | 970 | $656K | Add +4.4% |
| CMCSA Comcast Corp. Class A | 0.28% | 24,280 | $655K | Add +1.2% |
| MU Micron Technology Inc. | 0.28% | 2,790 | $655K | Reduce -1.2% |
| PLTR Palantir Technologies Inc. Class A | 0.27% | 3,109 | $644K | Add +28.3% |
| VSS Vanguard Ftse All Wo X-US SC | 0.27% | 4,515 | $643K | Add +19.9% |
| ABT Abbott Laboratories | 0.26% | 4,975 | $616K | Add +87.0% |
| AVGO Broadcom Inc. | 0.24% | 1,599 | $580K | Reduce -0.7% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.24% | 1,982 | $577K | Add +18.3% |
| BLK BlackRock Inc. | 0.24% | 537 | $574K | Reduce -24.1% |
| ISRG Intuitive Surgical Inc. | 0.23% | 984 | $536K | Add +31.0% |
| RTX RTX Corp. | 0.22% | 2,892 | $512K | Add +93.4% |
| GE General Electric filed as GE AEROSPACE | 0.21% | 1,616 | $499K | Reduce -11.7% |
| NFLX Netflix Inc. | 0.21% | 445 | $490K | Reduce -13.6% |
| COST Costco Wholesale Corp. | 0.21% | 526 | $488K | Add +9.4% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.19% | 8,570 | $459K | Add +7.2% |
| ETHO Amplify Etho Climate Leaders | 0.19% | 6,955 | $449K | Add +3.6% |
| ADP Automatic Data Processing | 0.18% | 1,705 | $438K | Add +2.8% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.18% | 8,986 | $422K | Add +24.5% |
| SCHV Schwab US Large-Cap Value | 0.17% | 14,367 | $414K | Add +38.1% |
| XOM Exxon Mobil Corp. | 0.17% | 3,478 | $396K | Add +16.8% |
| QCOM Qualcomm Inc. | 0.16% | 2,116 | $382K | Reduce -1.4% |
| NEE Nextera Energy Inc. | 0.16% | 4,614 | $377K | Reduce -0.8% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $2.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 1,400,000 | $1.3M | Reduce -0.4% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 1,295,000 | $1.3M | No change |
Total filed on the 13F, all lines: $240.0M.
Portfolio Sells Q2 2025 → Q3 2025
| UL Unilever PLC | Reduce -79.3% | 0.28% | −1.29 |
| NXST Nexstar Media Group Inc. | Reduce -30.7% | 1.33% | −0.73 |
| MA Mastercard Inc. Class A | Reduce -2.0% | 2.78% | −0.57 |
| ADBE Adobe Inc. | Reduce -5.3% | 1.32% | −0.49 |
| IPG Interpublic Group of Cos Inc. | Reduce -14.5% | 1.22% | −0.43 |
| PSA Public Storage | Reduce -4.4% | 1.61% | −0.41 |
| IBM Intl Business Machines Corp. | Reduce -1.9% | 3.08% | −0.34 |
| HD Home Depot Inc. | Reduce -2.1% | 2.54% | −0.34 |
| DES Wisdomtree US Smallcap Divid | Sold out | 0.00% | −0.28 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −0.25 |
| WM Waste Management Inc. | Reduce -55.5% | 0.11% | −0.22 |
| DBX Dropbox Inc. Class A | Sold out | 0.00% | −0.21 |
| TXN Texas Instruments Inc. | Reduce -0.8% | 0.38% | −0.21 |
| ALL Allstate Corp. | Reduce -55.3% | 0.10% | −0.16 |
| TMUS T-Mobile US Inc. | Reduce -9.0% | 0.34% | −0.16 |
| ACN Accenture PLC Class A | Reduce -7.5% | 0.30% | −0.15 |
| BLK BlackRock Inc. | Reduce -24.1% | 0.24% | −0.12 |
| NFLX Netflix Inc. | Reduce -13.6% | 0.21% | −0.11 |
| T AT&T Inc. | Reduce -0.9% | 0.29% | −0.10 |
| AMAT Applied Materials Inc. | Reduce -26.5% | 0.32% | −0.09 |
| VZ Verizon Communications Inc. | Reduce -2.0% | 0.15% | −0.04 |
| SPGI S&P Global Inc. | Reduce -1.5% | 0.13% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -6.4% | 0.56% | −0.03 |
| ORCL Oracle Corp. | Reduce -1.3% | 0.35% | −0.02 |
| VST Vistra Corp. | Reduce -1.8% | 0.09% | −0.01 |
| DHR Danaher Corp. | Reduce -0.8% | 0.15% | −0.01 |
| GE General Electric | Reduce -11.7% | 0.21% | −0.01 |
| GRID First TRST Nasd Class Edg Sgiif | Reduce -1.7% | 0.28% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -1.4% | 0.16% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -0.8% | 0.16% | −0.00 |
| AVGO Broadcom Inc. | Reduce -0.7% | 0.24% | +0.03 |
| JNJ Johnson & Johnson | Reduce -0.5% | 2.56% | +0.10 |
| MU Micron Technology Inc. | Reduce -1.2% | 0.28% | +0.11 |
| GOOGL Alphabet Inc. Class A | Reduce -2.7% | 0.97% | +0.27 |
| CMI Cummins Inc. | Reduce -0.2% | 2.67% | +0.36 |
| GOOG Alphabet Inc. Class C | Reduce -4.9% | 3.16% | +0.82 |
Portfolio Buys Q2 2025 → Q3 2025
| YELP Yelp Inc. | New | 1.12% | +1.12 |
| NVDA Nvidia Corp. | Add +14.0% | 3.41% | +0.76 |
| AAPL Apple Inc. | Add +4.0% | 5.03% | +0.71 |
| WMT Walmart Inc. | Add +37.0% | 1.89% | +0.38 |
| IVW iShares S&P 500 Growth ETF | Add +13.3% | 3.08% | +0.36 |
| ISCV iShares Morningstar Small-Ca | New | 0.33% | +0.33 |
| AMD Advanced Micro Devices | Add +16.1% | 0.68% | +0.32 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +22.1% | 1.66% | +0.25 |
| UNH Unitedhealth Group Inc. | Add +263.1% | 0.33% | +0.24 |
| TSLA Tesla Inc. | Add +26.7% | 0.52% | +0.22 |
| VCIT Vanguard Int-Term Corporate | Add +42.1% | 0.97% | +0.21 |
| IAU iShares Gold Trust | Add +6.6% | 1.69% | +0.20 |
| LLY Eli Lilly & Co. | Add +99.1% | 0.33% | +0.17 |
| CSCO Cisco Systems Inc. | Add +86.6% | 0.37% | +0.16 |
| MRK Merck & Co. Inc. | Add +137.9% | 0.30% | +0.16 |
| ETN Eaton Corp. PLC | New | 0.15% | +0.15 |
| ABBV Abbvie Inc. | Add +96.7% | 0.32% | +0.15 |
| CRM Salesforce Inc. | Add +146.9% | 0.29% | +0.15 |
| MCD McDonald's Corp. | Add +113.9% | 0.29% | +0.14 |
| KO The Coca-Cola Co. | Add +88.8% | 0.35% | +0.13 |
| DIS The Walt Disney Co. | Add +116.0% | 0.30% | +0.13 |
| V Visa Inc. Class A | Add +106.0% | 0.31% | +0.13 |
| SCHF Schwab Intl Equity ETF | Add +27.2% | 0.71% | +0.12 |
| PG The Procter & Gamble Co. | Add +66.1% | 0.45% | +0.12 |
| NOW ServiceNow Inc. | Add +120.4% | 0.28% | +0.12 |
| IWO iShares Russell 2000 Growth | Add +15.7% | 0.89% | +0.12 |
| PEP Pepsico Inc. | New | 0.12% | +0.12 |
| RTX RTX Corp. | Add +93.4% | 0.22% | +0.11 |
| GILD Gilead Sciences Inc. | New | 0.11% | +0.11 |
| PLTR Palantir Technologies Inc. Class A | Add +28.3% | 0.27% | +0.11 |
| AMGN Amgen Inc. | Add +52.4% | 0.40% | +0.10 |
| SYK Stryker Corp. | New | 0.10% | +0.10 |
| LIN Linde PLC | Add +95.8% | 0.28% | +0.09 |
| BNY Bank of New York Mellon Corp. | New | 0.09% | +0.09 |
| TLT iShares 20+ Year Treasury BD | New | 0.09% | +0.09 |
| JNK SS SPDR BB High Yield Bond | Add +38.5% | 0.51% | +0.09 |
| ABT Abbott Laboratories | Add +87.0% | 0.26% | +0.09 |
| SCHH Schwab US REIT ETF | Add +30.9% | 0.72% | +0.09 |
| WTS Watts Water Technologies-A | New | 0.09% | +0.09 |
| LHX L3HARRIS Technologies Inc. | Add +5.0% | 1.93% | +0.06 |
| EFG iShares MSCI Eafe Growth ETF | Add +23.3% | 0.46% | +0.05 |
| SCHP Schwab U.S. Tips ETF | Add +35.6% | 0.28% | +0.05 |
| IJH iShares Core S&P Midcap ETF | Add +25.8% | 0.36% | +0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +19.4% | 0.28% | +0.04 |
| ISRG Intuitive Surgical Inc. | Add +31.0% | 0.23% | +0.03 |
| SCHV Schwab US Large-Cap Value | Add +38.1% | 0.17% | +0.03 |
| VSS Vanguard Ftse All Wo X-US SC | Add +19.9% | 0.27% | +0.03 |
| PCY Invesco Emerging Markets Sov | Add +29.0% | 0.15% | +0.03 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +24.5% | 0.18% | +0.02 |
| MS Morgan Stanley | Add +3.6% | 0.37% | +0.02 |
Notes & Other Activity Q2 2025 → Q3 2025
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | Reduce -0.4% | 1,400,000 | $1.3M |
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 |