SGL Investment Advisors, Inc.

Name: SGL Investment Advisors, Inc. 13F holdings, Q3 2025
Creator: SGL Investment Advisors, Inc.
Published: 2025-11-04

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

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%
SUSB iShares ESG Aware 1-5 Year U	0.15%	14,588	$367K	Add +17.3%
ETN Eaton Corp. PLC	0.15%	946	$366K	New
DHR Danaher Corp.	0.15%	1,685	$361K	Reduce -0.8%
PM Philip Morris International	0.15%	2,469	$357K	Add +2.6%
PCY Invesco Emerging Markets Sov	0.15%	16,196	$354K	Add +29.0%
VZ Verizon Communications Inc.	0.15%	8,768	$346K	Reduce -2.0%
SPGI S&P Global Inc.	0.13%	640	$318K	Reduce -1.5%
BSX Boston Scientific Corp.	0.13%	3,185	$314K	Add +0.1%
PEP Pepsico Inc.	0.12%	1,906	$274K	New
NUBD Nuveen ESG US Aggregate Bond	0.11%	12,027	$270K	Add +12.2%
WM Waste Management Inc.	0.11%	1,341	$264K	Reduce -55.5%
GILD Gilead Sciences Inc.	0.11%	2,106	$257K	New
PODD Insulet Corp.	0.11%	792	$252K	No change
MCK McKesson Corp.	0.10%	302	$248K	No change
CDNS Cadence Design SYS Inc.	0.10%	731	$245K	No change
ALL Allstate Corp.	0.10%	1,256	$240K	Reduce -55.3%
LUV Southwest Airlines Co.	0.10%	7,644	$233K	No change
SYK Stryker Corp.	0.10%	636	$228K	New
KBDC Kayne Anderson BDC Inc.	0.10%	15,799	$226K	No change
VST Vistra Corp.	0.09%	1,121	$216K	Reduce -1.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.09%	2,000	$216K	New
TLT iShares 20+ Year Treasury BD	0.09%	2,381	$214K	New
WTS Watts Water Technologies-A	0.09%	758	$206K	New
KR Kroger Co.	0.09%	3,200	$203K	No change

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