SGL Investment Advisors, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), SGL Investment Advisors, Inc. reported 123 stock positions worth $246.2 million. Its top holding was Apple (AAPL) at 5.1% of the portfolio, followed by Microsoft (MSFT, 3.8%) and iShares S&P 500 Growth ETF (IVW, 3.3%). Compared with Q3 2025, it opened 9 new positions, sold out of 10, added to 78 and reduced 32. The biggest buy was Eaton (ETN, shares +991%) and the biggest sale an exit from Conagra Brands (CAG).
- Most Recent 13F
- Q2 2026
- Location
- MISSOULA, MT
- CIK
- 0002043186
- Portfolio Value
- $246.2M (Q4 2025)
- SEC Filing
- 0002043186-26-000001 ↗ filed Feb 6, 2026
Holdings Value
Holdings 123 stocks · $246.2M
| AAPL Apple Inc. | 5.07% | 45,277 | $12.5M | Add +1.9% |
| MSFT Microsoft Corp. | 3.75% | 23,481 | $9.2M | Add +7.0% |
| IVW iShares S&P 500 Growth ETF | 3.25% | 67,717 | $8.0M | Add +16.2% |
| GOOG Alphabet Inc. Class C | 3.03% | 22,531 | $7.5M | Reduce -14.6% |
| JNJ Johnson & Johnson | 3.02% | 31,306 | $7.4M | Reduce -3.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.89% | 24,560 | $7.1M | Add +2.4% |
| NVDA Nvidia Corp. | 2.78% | 39,820 | $6.8M | Add +1.9% |
| MA Mastercard Inc. Class A | 2.78% | 12,401 | $6.8M | Add +2.2% |
| JPM JPMorgan Chase & Co. | 2.72% | 21,561 | $6.7M | Reduce -3.0% |
| CVX Chevron Corp. | 2.63% | 36,175 | $6.5M | Add +3.6% |
| HD Home Depot Inc. | 2.53% | 16,284 | $6.2M | Add +2.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.51% | 12,283 | $6.2M | Add +3.7% |
| CMI Cummins Inc. | 2.50% | 11,397 | $6.2M | Reduce -21.2% |
| WMT Walmart Inc. | 2.44% | 47,279 | $6.0M | Add +7.2% |
| TRV The Travelers Cos Inc. | 2.39% | 19,584 | $5.9M | Reduce -2.2% |
| DGX Quest Diagnostics Inc. | 2.23% | 28,499 | $5.5M | Add +1.6% |
| IAU iShares Gold Trust | 2.17% | 59,032 | $5.3M | Add +11.0% |
| META Meta Platforms Inc. Class A | 2.07% | 7,607 | $5.1M | Add +9.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.87% | 6,792 | $4.6M | Add +18.0% |
| LHX L3HARRIS Technologies Inc. | 1.83% | 13,160 | $4.5M | Reduce -16.9% |
| ORLY O'reilly Automotive Inc. | 1.75% | 46,478 | $4.3M | Add +0.7% |
| ADBE Adobe Inc. | 1.67% | 15,261 | $4.1M | Add +64.5% |
| SCHW Schwab (charles) Corp. | 1.66% | 40,138 | $4.1M | Add +1.7% |
| PANW Palo Alto Networks Inc. | 1.57% | 24,909 | $3.9M | Add +2.6% |
| PSA Public Storage | 1.52% | 13,274 | $3.8M | Reduce -3.7% |
| ETN Eaton Corp. PLC | 1.49% | 10,318 | $3.7M | Add +990.7% |
| SSNC Ss&c Technologies Holdings | 1.47% | 48,224 | $3.6M | Add +1.8% |
| KR Kroger Co. | 1.41% | 51,974 | $3.5M | Add +1524.2% |
| TSCO Tractor Supply Company | 1.32% | 59,697 | $3.3M | Add +1.9% |
| RMD Resmed Inc. | 1.23% | 11,326 | $3.0M | Add +0.2% |
| STE Steris PLC | 1.18% | 11,915 | $2.9M | Add +1.8% |
| VCIT Vanguard Int-Term Corporate | 1.13% | 33,291 | $2.8M | Add +20.3% |
| OMC Omnicom Group | 1.09% | 38,794 | $2.7M | New |
| GOOGL Alphabet Inc. Class A | 1.03% | 7,645 | $2.5M | Reduce -6.0% |
| IWO iShares Russell 2000 Growth | 0.96% | 7,228 | $2.4M | Add +12.7% |
| NULG Nuveen ESG LRG-Cap GRW ETF | 0.94% | 24,990 | $2.3M | Add +11.4% |
| SCHH Schwab US REIT ETF | 0.85% | 97,287 | $2.1M | Add +19.2% |
| YELP Yelp Inc. | 0.85% | 87,098 | $2.1M | Add +8.4% |
| SCHF Schwab Intl Equity ETF | 0.84% | 81,105 | $2.1M | Add +14.6% |
| JNK SS SPDR BB High Yield Bond | 0.60% | 15,252 | $1.5M | Add +22.3% |
| AMZN Amazon.com Inc. | 0.59% | 6,544 | $1.5M | Add +26.0% |
| AMAT Applied Materials Inc. | 0.54% | 4,372 | $1.3M | Add +37.1% |
| EFG iShares MSCI Eafe Growth ETF | 0.52% | 10,946 | $1.3M | Add +16.8% |
| TXN Texas Instruments Inc. | 0.49% | 5,389 | $1.2M | Reduce -4.3% |
| AMGN Amgen Inc. | 0.48% | 3,240 | $1.2M | Add +1.2% |
| MU Micron Technology Inc. | 0.46% | 2,977 | $1.1M | Add +6.7% |
| IJH iShares Core S&P Midcap ETF | 0.44% | 15,464 | $1.1M | Add +18.1% |
| ISCV iShares Morningstar Small-Ca | 0.41% | 13,814 | $1.0M | Add +17.3% |
| ESG NT Stoxx US ESG ETF | 0.40% | 6,189 | $983K | Add +2.9% |
| KO The Coca-Cola Co. | 0.40% | 12,490 | $981K | Add +3.0% |
| CSCO Cisco Systems Inc. | 0.40% | 11,892 | $979K | Add +1.4% |
| TMUS T-Mobile US Inc. | 0.39% | 4,799 | $969K | Add +21.4% |
| NUSC Nuveen ESG Small-Cap ETF | 0.39% | 20,625 | $968K | Add +4.1% |
| COST Costco Wholesale Corp. | 0.39% | 973 | $963K | Add +85.0% |
| MRK Merck & Co. Inc. | 0.39% | 7,926 | $949K | Reduce -7.7% |
| NUDM Nuveen ESG Intl Devel MRK Eq | 0.37% | 23,991 | $910K | Add +8.4% |
| CMCSA Comcast Corp. Class A | 0.37% | 29,319 | $904K | Add +20.8% |
| GS Goldman Sachs Group Inc. | 0.36% | 997 | $888K | Reduce -7.7% |
| WFC Wells Fargo & Co. | 0.35% | 9,464 | $871K | Reduce -1.9% |
| AVGO Broadcom Inc. | 0.35% | 2,758 | $856K | Add +72.5% |
| PG The Procter & Gamble Co. | 0.35% | 5,393 | $855K | Reduce -24.5% |
| ABBV Abbvie Inc. | 0.34% | 3,878 | $849K | Add +8.3% |
| AXP American Express Co. | 0.34% | 2,367 | $839K | Add +1.5% |
| MS Morgan Stanley | 0.34% | 4,708 | $828K | Reduce -12.7% |
| MCD McDonald's Corp. | 0.33% | 2,510 | $812K | Add +6.7% |
| SCHP Schwab U.S. Tips ETF | 0.33% | 30,273 | $807K | Add +20.7% |
| AMD Advanced Micro Devices | 0.33% | 4,177 | $804K | Reduce -32.6% |
| LLY Eli Lilly & Co. | 0.33% | 784 | $800K | Reduce -10.1% |
| VSS Vanguard Ftse All Wo X-US SC | 0.32% | 5,195 | $786K | Add +15.1% |
| VWO Vanguard Ftse Emerging Marke | 0.31% | 13,833 | $775K | Add +15.5% |
| V Visa Inc. Class A | 0.30% | 2,241 | $738K | Add +3.6% |
| GRID First TRST Nasd Class Edg Sgiif | 0.29% | 4,327 | $717K | Add +3.2% |
| UL Unilever PLC-Sponsored ADR | 0.29% | 10,012 | $717K | Add +1.5% |
| ABT Abbott Laboratories | 0.27% | 6,019 | $657K | Add +21.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.27% | 6,253 | $656K | Reduce -2.0% |
| UNH Unitedhealth Group Inc. | 0.26% | 2,378 | $639K | Reduce -0.2% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.25% | 2,336 | $622K | Add +17.9% |
| TSLA Tesla Inc. | 0.25% | 1,523 | $605K | Reduce -42.2% |
| XOM Exxon Mobil Corp. | 0.25% | 4,131 | $603K | Add +18.8% |
| BLK BlackRock Inc. | 0.24% | 550 | $580K | Add +2.4% |
| ORCL Oracle Corp. | 0.23% | 4,128 | $563K | Add +28.8% |
| CRM Salesforce Inc. | 0.22% | 2,872 | $546K | Add +9.7% |
| VNQI Vanguard GLBL Ex-US Real Est | 0.21% | 10,697 | $518K | Add +19.0% |
| CAT Caterpillar Inc. | 0.21% | 752 | $510K | New |
| SCHV Schwab US Large-Cap Value | 0.20% | 16,041 | $504K | Add +11.7% |
| ETHO Amplify Etho Climate Leaders | 0.20% | 7,267 | $493K | Add +4.5% |
| NFLX Netflix Inc. | 0.20% | 6,049 | $489K | Add +35.9% |
| LRCX Lam Research Corp. | 0.20% | 2,288 | $488K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 8,838 | $486K | Add +3.1% |
| INTC Intel Corp. | 0.19% | 9,625 | $464K | New |
| RTX RTX Corp. | 0.19% | 2,357 | $462K | Reduce -18.5% |
| C Citigroup Inc. | 0.18% | 3,764 | $436K | New |
| PCY Invesco Emerging Markets Sov | 0.17% | 19,880 | $430K | Add +22.8% |
| GE General Electric filed as GE AEROSPACE | 0.17% | 1,394 | $427K | Reduce -13.7% |
| PM Philip Morris International | 0.17% | 2,275 | $414K | Reduce -7.9% |
| ADP Automatic Data Processing | 0.17% | 1,762 | $412K | Add +3.3% |
| PLTR Palantir Technologies Inc. Class A | 0.17% | 3,167 | $412K | Add +1.9% |
| NEE Nextera Energy Inc. | 0.16% | 4,498 | $401K | Reduce -2.5% |
| PFE Pfizer Inc. | 0.16% | 14,545 | $385K | New |
| SUSB iShares ESG Aware 1-5 Year U | 0.16% | 15,226 | $385K | Add +4.4% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $3.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | 1,390,000 | $1.3M | Reduce -0.7% |
| SUMMIT HOTEL PROPERTIES (INN 1.5 02/15/26) | NOTE 1.500% 2/1 · principal | 1,295,000 | $1.3M | No change |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | 1,295,000 | $1.2M | New |
Total filed on the 13F, all lines: $250.0M.
Portfolio Sells Q3 2025 → Q4 2025
| CAG Conagra Brands Inc. | Sold out | 0.00% | −1.58 |
| NXST Nexstar Media Group Inc. | Sold out | 0.00% | −1.33 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −1.22 |
| AMD Advanced Micro Devices | Reduce -32.6% | 0.33% | −0.35 |
| TSLA Tesla Inc. | Reduce -42.2% | 0.25% | −0.27 |
| UBER Uber Technologies Inc. | Reduce -54.4% | 0.13% | −0.26 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.23 |
| ACN Accenture PLC Class A | Reduce -61.9% | 0.10% | −0.20 |
| JPM JPMorgan Chase & Co. | Reduce -3.0% | 2.72% | −0.18 |
| INTU Intuit Inc. | Reduce -44.9% | 0.09% | −0.18 |
| NOW ServiceNow Inc. | Reduce -35.3% | 0.10% | −0.18 |
| CMI Cummins Inc. | Reduce -21.2% | 2.50% | −0.16 |
| LIN Linde PLC | Reduce -56.7% | 0.13% | −0.15 |
| T AT&T Inc. | Reduce -51.1% | 0.15% | −0.14 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.13 |
| GOOG Alphabet Inc. Class C | Reduce -14.6% | 3.03% | −0.13 |
| PODD Insulet Corp. | Sold out | 0.00% | −0.11 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.10 |
| PG The Procter & Gamble Co. | Reduce -24.5% | 0.35% | −0.10 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −0.10 |
| LHX L3HARRIS Technologies Inc. | Reduce -16.9% | 1.83% | −0.10 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.10 |
| VST Vistra Corp. | Sold out | 0.00% | −0.09 |
| PSA Public Storage | Reduce -3.7% | 1.52% | −0.09 |
| UNH Unitedhealth Group Inc. | Reduce -0.2% | 0.26% | −0.08 |
| GE General Electric | Reduce -13.7% | 0.17% | −0.04 |
| MS Morgan Stanley | Reduce -12.7% | 0.34% | −0.04 |
| DIS The Walt Disney Co. | Reduce -2.0% | 0.27% | −0.03 |
| RTX RTX Corp. | Reduce -18.5% | 0.19% | −0.03 |
| WM Waste Management Inc. | Reduce -19.5% | 0.10% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -10.1% | 0.33% | −0.00 |
| WFC Wells Fargo & Co. | Reduce -1.9% | 0.35% | −0.00 |
| GS Goldman Sachs Group Inc. | Reduce -7.7% | 0.36% | +0.00 |
| ALL Allstate Corp. | Reduce -4.2% | 0.11% | +0.00 |
| NEE Nextera Energy Inc. | Reduce -2.5% | 0.16% | +0.00 |
| VZ Verizon Communications Inc. | Reduce -7.8% | 0.15% | +0.01 |
| PM Philip Morris International | Reduce -7.9% | 0.17% | +0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -6.0% | 1.03% | +0.06 |
| MRK Merck & Co. Inc. | Reduce -7.7% | 0.39% | +0.09 |
| TXN Texas Instruments Inc. | Reduce -4.3% | 0.49% | +0.11 |
| TRV The Travelers Cos Inc. | Reduce -2.2% | 2.39% | +0.13 |
| JNJ Johnson & Johnson | Reduce -3.9% | 3.02% | +0.47 |
Portfolio Buys Q3 2025 → Q4 2025
| ETN Eaton Corp. PLC | Add +990.7% | 1.49% | +1.33 |
| KR Kroger Co. | Add +1524.2% | 1.41% | +1.32 |
| OMC Omnicom Group | New | 1.09% | +1.09 |
| WMT Walmart Inc. | Add +7.2% | 2.44% | +0.55 |
| IAU iShares Gold Trust | Add +11.0% | 2.17% | +0.48 |
| CVX Chevron Corp. | Add +3.6% | 2.63% | +0.37 |
| ADBE Adobe Inc. | Add +64.5% | 1.67% | +0.35 |
| AMAT Applied Materials Inc. | Add +37.1% | 0.54% | +0.22 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +18.0% | 1.87% | +0.21 |
| CAT Caterpillar Inc. | New | 0.21% | +0.21 |
| LRCX Lam Research Corp. | New | 0.20% | +0.20 |
| META Meta Platforms Inc. Class A | Add +9.0% | 2.07% | +0.20 |
| INTC Intel Corp. | New | 0.19% | +0.19 |
| MU Micron Technology Inc. | Add +6.7% | 0.46% | +0.19 |
| COST Costco Wholesale Corp. | Add +85.0% | 0.39% | +0.19 |
| C Citigroup Inc. | New | 0.18% | +0.18 |
| IVW iShares S&P 500 Growth ETF | Add +16.2% | 3.25% | +0.18 |
| VCIT Vanguard Int-Term Corporate | Add +20.3% | 1.13% | +0.16 |
| PFE Pfizer Inc. | New | 0.16% | +0.16 |
| TMO Thermo Fisher Scientific Inc. | New | 0.16% | +0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.7% | 2.51% | +0.14 |
| APP AppLovin Corp. Class A | New | 0.14% | +0.14 |
| SCHH Schwab US REIT ETF | Add +19.2% | 0.85% | +0.13 |
| COF Capital One Financial Corp. | New | 0.13% | +0.13 |
| SCHF Schwab Intl Equity ETF | Add +14.6% | 0.84% | +0.13 |
| SCHW Schwab (charles) Corp. | Add +1.7% | 1.66% | +0.11 |
| DGX Quest Diagnostics Inc. | Add +1.6% | 2.23% | +0.11 |
| AVGO Broadcom Inc. | Add +72.5% | 0.35% | +0.10 |
| JNK SS SPDR BB High Yield Bond | Add +22.3% | 0.60% | +0.09 |
| CMCSA Comcast Corp. Class A | Add +20.8% | 0.37% | +0.09 |
| AMGN Amgen Inc. | Add +1.2% | 0.48% | +0.08 |
| ISCV iShares Morningstar Small-Ca | Add +17.3% | 0.41% | +0.08 |
| IJH iShares Core S&P Midcap ETF | Add +18.1% | 0.44% | +0.08 |
| XOM Exxon Mobil Corp. | Add +18.8% | 0.25% | +0.08 |
| IWO iShares Russell 2000 Growth | Add +12.7% | 0.96% | +0.07 |
| EFG iShares MSCI Eafe Growth ETF | Add +16.8% | 0.52% | +0.06 |
| TMUS T-Mobile US Inc. | Add +21.4% | 0.39% | +0.05 |
| KO The Coca-Cola Co. | Add +3.0% | 0.40% | +0.05 |
| VSS Vanguard Ftse All Wo X-US SC | Add +15.1% | 0.32% | +0.05 |
| SCHP Schwab U.S. Tips ETF | Add +20.7% | 0.33% | +0.04 |
| RMD Resmed Inc. | Add +0.2% | 1.23% | +0.04 |
| AAPL Apple Inc. | Add +1.9% | 5.07% | +0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +15.5% | 0.31% | +0.04 |
| GILD Gilead Sciences Inc. | Add +13.1% | 0.14% | +0.04 |
| AMZN Amazon.com Inc. | Add +26.0% | 0.59% | +0.04 |
| MCD McDonald's Corp. | Add +6.7% | 0.33% | +0.04 |
| VNQI Vanguard GLBL Ex-US Real Est | Add +19.0% | 0.21% | +0.03 |
| SCHV Schwab US Large-Cap Value | Add +11.7% | 0.20% | +0.03 |
| CSCO Cisco Systems Inc. | Add +1.4% | 0.40% | +0.03 |
| TSCO Tractor Supply Company | Add +1.9% | 1.32% | +0.03 |
Notes & Other Activity Q3 2025 → Q4 2025
| TELADOC HEALTH INC (TDOC 1.25 06/01/27) | NOTE 1.250% 6/0 · principal | Reduce -0.7% | 1,390,000 | $1.3M |
| ENPHASE ENERGY INC (ENPH 0 03/01/28) | NOTE 3/0 · principal | New | 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 |