SGL Investment Advisors, Inc.

Name: SGL Investment Advisors, Inc. 13F holdings, Q4 2025
Creator: SGL Investment Advisors, Inc.
Published: 2026-02-06

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

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%
TMO Thermo Fisher Scientific Inc.	0.16%	706	$383K	New
VZ Verizon Communications Inc.	0.15%	8,081	$381K	Reduce -7.8%
T AT&T Inc.	0.15%	13,706	$374K	Reduce -51.1%
DHR Danaher Corp.	0.15%	1,696	$366K	Add +0.7%
GILD Gilead Sciences Inc.	0.14%	2,382	$356K	Add +13.1%
APP AppLovin Corp. Class A	0.14%	901	$338K	New
PEP Pepsico Inc.	0.13%	1,981	$332K	Add +3.9%
LIN Linde PLC	0.13%	706	$325K	Reduce -56.7%
UBER Uber Technologies Inc.	0.13%	4,285	$322K	Reduce -54.4%
COF Capital One Financial Corp.	0.13%	1,434	$311K	New
QCOM Qualcomm Inc.	0.12%	2,184	$298K	Add +3.2%
SPGI S&P Global Inc.	0.12%	654	$295K	Add +2.2%
MCK McKesson Corp.	0.12%	302	$289K	No change
NUBD Nuveen ESG US Aggregate Bond	0.11%	12,602	$282K	Add +4.8%
ALL Allstate Corp.	0.11%	1,203	$259K	Reduce -4.2%
ACN Accenture PLC Class A	0.10%	1,093	$255K	Reduce -61.9%
TLT iShares 20+ Year Treasury BD	0.10%	2,870	$251K	Add +20.5%
WM Waste Management Inc.	0.10%	1,080	$245K	Reduce -19.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.10%	2,000	$241K	No change
NOW ServiceNow Inc.	0.10%	2,345	$241K	Reduce -35.3%
WTS Watts Water Technologies-A	0.10%	758	$234K	No change
INTU Intuit Inc.	0.09%	535	$233K	Reduce -44.9%
KBDC Kayne Anderson BDC Inc.	0.09%	15,799	$221K	No change

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