Ulland Investment Advisors, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 16, 2026), Ulland Investment Advisors, LLC reported 225 stock positions worth $135.2 million. Its top holding was Alphabet Class C (GOOG) at 8.1% of the portfolio, followed by Nvidia (NVDA, 7.7%) and Vertiv Class A (VRT, 6.5%). Compared with Q1 2026, it opened 19 new positions, sold out of 7, added to 35 and reduced 47. The biggest buy was a new position in Natural Resource Partners (NRP) and the biggest sale Berkshire Hathaway Class A (BRK.A, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001911497
- Portfolio Value
- $135.2M (Q2 2026)
- SEC Filing
- 0001911497-26-000004 ↗ filed Jul 16, 2026
Holdings Value
Holdings 225 stocks · $135.2M
| GOOG Alphabet Inc. Class C | 8.11% | 31,060 | $11.0M | Reduce -0.8% |
| NVDA Nvidia Corp. | 7.67% | 51,859 | $10.4M | Reduce -2.5% |
| VRT Vertiv Holdings Co. Class A | 6.53% | 26,386 | $8.8M | Reduce -2.4% |
| QQQ Invesco QQQ Trust Series 1 | 5.19% | 9,528 | $7.0M | Reduce -4.5% |
| AXON Axon Enterprise Inc. | 4.64% | 11,195 | $6.3M | Reduce -1.7% |
| META Meta Platforms Inc. Class A | 4.43% | 10,640 | $6.0M | Reduce -1.5% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 4.06% | 89,366 | $5.5M | Add +4.1% |
| JEPI JPMorgan Equity Premium Inco | 3.84% | 91,995 | $5.2M | Add +4.1% |
| AMZN Amazon.com Inc. | 3.78% | 21,457 | $5.1M | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 3.38% | 12,793 | $4.6M | Reduce -1.4% |
| SKY Champion Homes Inc. | 2.94% | 45,157 | $4.0M | Add +2.2% |
| AAPL Apple Inc. | 2.73% | 12,751 | $3.7M | Reduce -1.7% |
| SCHM Schwab US Mid Cap ETF | 2.17% | 79,541 | $2.9M | Reduce -0.4% |
| UNH Unitedhealth Group Inc. | 1.82% | 5,924 | $2.5M | Reduce -1.7% |
| V Visa Inc. Class A | 1.81% | 7,124 | $2.4M | Reduce -0.4% |
| JTEK JPMorgan US Tech Leaders | 1.69% | 20,494 | $2.3M | Reduce -1.7% |
| MRVL Marvell Technology Inc. | 1.55% | 7,055 | $2.1M | Reduce -4.9% |
| MSFT Microsoft Corp. | 1.48% | 5,349 | $2.0M | Add +6.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.38% | 2,502 | $1.9M | Reduce -2.1% |
| LOW Lowe's Cos Inc. | 1.33% | 8,139 | $1.8M | Reduce -3.1% |
| SMMD iShares Russell 2500 ETF | 1.17% | 17,209 | $1.6M | Reduce -0.3% |
| QYLD Global X Nasd 100 Cov Call | 1.14% | 83,527 | $1.5M | Add +19.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.11% | 2 | $1.5M | Reduce -50.0% |
| SCHX Schwab US Large-Cap ETF | 0.93% | 42,952 | $1.3M | Reduce -3.4% |
| ICE Intercontinental Exchange Inc. | 0.85% | 9,360 | $1.2M | Reduce -1.6% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.85% | 76,015 | $1.2M | Add +14.8% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.79% | 19,227 | $1.1M | Add +12.6% |
| IUSG iShares Core S&P U.S. Growth | 0.75% | 5,390 | $1.0M | Reduce -9.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.73% | 1,982 | $992K | Reduce -0.8% |
| VOO Vanguard S&P 500 ETF | 0.72% | 1,420 | $975K | Add +0.7% |
| XYZ Block Inc. | 0.71% | 12,593 | $957K | Add +26.8% |
| IGV iShares Expanded Tech-Softwa | 0.66% | 9,802 | $888K | Reduce -4.8% |
| SNPS Synopsys Inc. | 0.65% | 1,980 | $883K | Add +0.8% |
| AMLP Alerian MLP ETF | 0.63% | 16,480 | $854K | Add +7.8% |
| BSX Boston Scientific Corp. | 0.60% | 18,934 | $808K | Add +46.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.60% | 1,055 | $805K | No change |
| GNRC Generac Holdings Inc. | 0.57% | 2,625 | $769K | Reduce -4.5% |
| PSI Invesco Semiconductors ETF | 0.54% | 3,877 | $728K | Reduce -0.8% |
| WES Western Midstream Partners L | 0.47% | 14,650 | $641K | Add +22.1% |
| XOM Exxonmobil Holdings Corp. | 0.46% | 4,559 | $623K | Reduce -1.9% |
| COST Costco Wholesale Corp. | 0.43% | 617 | $577K | No change |
| AMKR Amkor Technology Inc. | 0.41% | 6,505 | $561K | Reduce -10.7% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.41% | 3,875 | $552K | Reduce -29.6% |
| NRP Natural Resource Partners LP | 0.39% | 5,500 | $534K | New |
| CAT Caterpillar Inc. | 0.37% | 465 | $495K | Add +32.9% |
| ET Energy Transfer LP | 0.35% | 25,000 | $478K | Add +28.2% |
| LNTH Lantheus Holdings Inc. | 0.34% | 4,175 | $463K | Reduce -3.5% |
| INTU Intuit Inc. | 0.34% | 1,756 | $458K | Add +117.9% |
| JUST Goldman Sachs Just US LRG | 0.33% | 4,120 | $440K | Reduce -28.0% |
| SUN Sunoco LP | 0.32% | 6,450 | $435K | Add +29.0% |
| RTX RTX Corp. | 0.31% | 2,229 | $423K | No change |
| XLE SS Energy Select Sector | 0.31% | 7,970 | $423K | Reduce -1.9% |
| MPLX MPLX LP | 0.31% | 7,500 | $422K | No change |
| DMLP Dorchester Minerals LP | 0.30% | 16,000 | $404K | Add +1180.0% |
| ALVO Alvotech SA | 0.30% | 109,500 | $404K | Add +11.6% |
| SUSA iShares ESG Optimized MSCI U | 0.30% | 2,605 | $402K | Reduce -32.4% |
| EPD Enterprise Products Partners | 0.29% | 10,600 | $390K | Add +51.4% |
| AVGO Broadcom Inc. | 0.29% | 1,023 | $386K | Add +4.4% |
| JNJ Johnson & Johnson | 0.28% | 1,481 | $376K | No change |
| PANW Palo Alto Networks Inc. | 0.27% | 1,083 | $369K | No change |
| ECL Ecolab Inc. | 0.27% | 1,321 | $368K | Add +16.5% |
| USAC USA Compression Partners LP | 0.25% | 13,000 | $343K | New |
| IWR iShares Russell Mid-Cap ETF | 0.25% | 3,025 | $334K | No change |
| IWF iShares Russell 1000 Growth | 0.25% | 2,680 | $333K | Reduce -4.7% |
| BSM Black Stone Minerals LP | 0.24% | 23,700 | $331K | Add +18.5% |
| VMD Viemed Healthcare Inc. | 0.24% | 28,545 | $325K | Reduce -53.9% |
| LH Labcorp Holdings Inc. | 0.22% | 1,043 | $292K | No change |
| MIR Mirion Technologies Inc. | 0.20% | 14,810 | $266K | New |
| PAA Plains All Amer Pipeline LP | 0.19% | 11,500 | $256K | Add +15.0% |
| LLY Eli Lilly & Co. | 0.18% | 200 | $240K | No change |
| PM Philip Morris International | 0.18% | 1,312 | $237K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.16% | 466 | $223K | No change |
| GS Goldman Sachs Group Inc. | 0.15% | 200 | $202K | No change |
| KMB Kimberly-Clark Corp. | 0.15% | 1,810 | $199K | Reduce -1.9% |
| SCHW Schwab (charles) Corp. | 0.13% | 1,936 | $179K | No change |
| RYLD Global X Russell 2000 Cov Class | 0.13% | 10,800 | $173K | Add +30.1% |
| PG The Procter & Gamble Co. | 0.13% | 1,180 | $173K | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.12% | 555 | $168K | No change |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.12% | 6,050 | $161K | No change |
| HELO JPMorgan Hedged Equity ETF | 0.12% | 2,370 | $160K | Reduce -2.1% |
| IQQQ Proshares NDX High Incom ETF | 0.12% | 3,150 | $160K | No change |
| CARR Carrier Global Corp. | 0.12% | 2,169 | $159K | No change |
| DDOG Datadog Inc. Class A | 0.12% | 600 | $156K | Reduce -29.4% |
| URA Global X Uranium ETF | 0.12% | 3,574 | $156K | No change |
| VICR Vicor Corp. | 0.11% | 386 | $147K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.10% | 665 | $141K | Reduce -32.1% |
| HCA HCA Healthcare Inc. | 0.10% | 360 | $140K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.10% | 626 | $136K | No change |
| BUG Global X Cybersecurity ETF | 0.10% | 3,375 | $129K | Reduce -6.3% |
| MRK Merck & Co. Inc. | 0.09% | 957 | $123K | No change |
| LOUP Innovator Deepwater Frontier | 0.09% | 1,215 | $120K | Add +21.5% |
| ISRG Intuitive Surgical Inc. | 0.09% | 300 | $119K | No change |
| CVX Chevron Corp. | 0.09% | 700 | $116K | No change |
| WFC Wells Fargo & Co. | 0.08% | 1,370 | $113K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.08% | 301 | $111K | Add +1.0% |
| WMT Walmart Inc. | 0.08% | 943 | $107K | Add +61.2% |
| XLV SS Health Care Select Sector | 0.08% | 670 | $106K | No change |
| AIQ Global X Art Intel & Tech | 0.07% | 1,450 | $95K | No change |
| MMM 3M Co. | 0.07% | 585 | $95K | No change |
| NSC Norfolk Southern Corp. | 0.07% | 300 | $94K | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $315K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 3,950 | $232K | Reduce -3.1% |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 72 | $83K | Reduce -29.4% |
Total filed on the 13F, all lines: $135.6M.
Portfolio Sells Q1 2026 → Q2 2026
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -50.0% | 1.11% | −1.36 |
| META Meta Platforms Inc. Class A | Reduce -1.5% | 4.43% | −0.89 |
| ICE Intercontinental Exchange Inc. | Reduce -1.6% | 0.85% | −0.44 |
| LOW Lowe's Cos Inc. | Reduce -3.1% | 1.33% | −0.38 |
| NVDA Nvidia Corp. | Reduce -2.5% | 7.67% | −0.31 |
| CVLT Commvault Systems Inc. | Sold out | 0.00% | −0.28 |
| VMD Viemed Healthcare Inc. | Reduce -53.9% | 0.24% | −0.25 |
| XOM Exxonmobil Holdings Corp. | Reduce -1.9% | 0.46% | −0.22 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -29.6% | 0.41% | −0.17 |
| SUSA iShares ESG Optimized MSCI U | Reduce -32.4% | 0.30% | −0.14 |
| JUST Goldman Sachs Just US LRG | Reduce -28.0% | 0.33% | −0.13 |
| XLE SS Energy Select Sector | Reduce -1.9% | 0.31% | −0.12 |
| AAPL Apple Inc. | Reduce -1.7% | 2.73% | −0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.8% | 0.73% | −0.09 |
| AMZN Amazon.com Inc. | Reduce -0.4% | 3.78% | −0.08 |
| RSP Invesco S&P 500 Equal Weight | Reduce -32.1% | 0.10% | −0.06 |
| V Visa Inc. Class A | Reduce -0.4% | 1.81% | −0.05 |
| IGV iShares Expanded Tech-Softwa | Reduce -4.8% | 0.66% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.1% | 1.38% | −0.05 |
| SCHX Schwab US Large-Cap ETF | Reduce -3.4% | 0.93% | −0.05 |
| IUSG iShares Core S&P U.S. Growth | Reduce -9.0% | 0.75% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -49.0% | 0.03% | −0.03 |
| BP BP PLC-Spons ADR | Reduce -77.8% | 0.00% | −0.03 |
| CSR Centerspace | Sold out | 0.00% | −0.03 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.02 |
| GBTC Grayscale Bitcoin Trust ETF | Sold out | 0.00% | −0.02 |
| ADBE Adobe Inc. | Reduce -37.6% | 0.02% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -5.9% | 0.06% | −0.02 |
| IOT Samsara Inc. Class A | Reduce -44.3% | 0.01% | −0.02 |
| HELO JPMorgan Hedged Equity ETF | Reduce -2.1% | 0.12% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -4.7% | 0.25% | −0.01 |
| CRM Salesforce Inc. | Reduce -7.9% | 0.02% | −0.01 |
| BTCC Gryscle Bitcn HGH Inc. ETF-Ui | Reduce -4.8% | 0.02% | −0.01 |
| ACN Accenture PLC Class A | Reduce -37.7% | 0.00% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -1.9% | 0.15% | −0.01 |
| COP Conocophillips | Sold out | 0.00% | −0.00 |
| ASTL Algoma Steel Group Inc. | Sold out | 0.00% | −0.00 |
| BTC Grayscale Bitcoin Mini ETF | Sold out | 0.00% | −0.00 |
| BUG Global X Cybersecurity ETF | Reduce -6.3% | 0.10% | +0.02 |
| DDOG Datadog Inc. Class A | Reduce -29.4% | 0.12% | +0.03 |
| SMMD iShares Russell 2500 ETF | Reduce -0.3% | 1.17% | +0.03 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.4% | 2.17% | +0.04 |
| LNTH Lantheus Holdings Inc. | Reduce -3.5% | 0.34% | +0.06 |
| GNRC Generac Holdings Inc. | Reduce -4.5% | 0.57% | +0.11 |
| AMKR Amkor Technology Inc. | Reduce -10.7% | 0.41% | +0.13 |
| GOOGL Alphabet Inc. Class A | Reduce -1.4% | 3.38% | +0.17 |
| PSI Invesco Semiconductors ETF | Reduce -0.8% | 0.54% | +0.22 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -4.5% | 5.19% | +0.23 |
| JTEK JPMorgan US Tech Leaders | Reduce -1.7% | 1.69% | +0.26 |
| GOOG Alphabet Inc. Class C | Reduce -0.8% | 8.11% | +0.38 |
Portfolio Buys Q1 2026 → Q2 2026
| NRP Natural Resource Partners LP | New | 0.39% | +0.39 |
| DMLP Dorchester Minerals LP | Add +1180.0% | 0.30% | +0.27 |
| USAC USA Compression Partners LP | New | 0.25% | +0.25 |
| MIR Mirion Technologies Inc. | New | 0.20% | +0.20 |
| XYZ Block Inc. | Add +26.8% | 0.71% | +0.19 |
| CAT Caterpillar Inc. | Add +32.9% | 0.37% | +0.15 |
| SKY Champion Homes Inc. | Add +2.2% | 2.94% | +0.11 |
| QYLD Global X Nasd 100 Cov Call | Add +19.3% | 1.14% | +0.10 |
| EPD Enterprise Products Partners | Add +51.4% | 0.29% | +0.06 |
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +12.6% | 0.79% | +0.05 |
| WES Western Midstream Partners L | Add +22.1% | 0.47% | +0.05 |
| CPNG Coupang Inc. | New | 0.05% | +0.05 |
| SUN Sunoco LP | Add +29.0% | 0.32% | +0.04 |
| INTU Intuit Inc. | Add +117.9% | 0.34% | +0.04 |
| GLD SPDR Gold Shares | New | 0.03% | +0.03 |
| ET Energy Transfer LP | Add +28.2% | 0.35% | +0.03 |
| SGVT Schwab Govt Money Market ETF | New | 0.03% | +0.03 |
| LOUP Innovator Deepwater Frontier | Add +21.5% | 0.09% | +0.03 |
| UMH Umh Properties Inc. | Add +14.8% | 0.85% | +0.03 |
| SLV iShares Silver Trust | New | 0.03% | +0.03 |
| AVGO Broadcom Inc. | Add +4.4% | 0.29% | +0.02 |
| RYLD Global X Russell 2000 Cov Class | Add +30.1% | 0.13% | +0.02 |
| WMT Walmart Inc. | Add +61.2% | 0.08% | +0.02 |
| BITW Bitwise 10 Crypto Index ETF | New | 0.01% | +0.01 |
| ECL Ecolab Inc. | Add +16.5% | 0.27% | +0.01 |
| ROCY JPMorgan Equity Prem YLD ETF | New | 0.01% | +0.01 |
| DIS The Walt Disney Co. | New | 0.01% | +0.01 |
| ALVO Alvotech SA | Add +11.6% | 0.30% | +0.01 |
| USAR USA Rare Earth Inc. | New | 0.01% | +0.01 |
| DRNZ Rex Drone ETF | New | 0.01% | +0.01 |
| FDVV Fidelity High Dividend ETF | New | 0.00% | +0.00 |
| ROCQ Jpmrgn NSDQ Eqty PRM YLD ETF | New | 0.00% | +0.00 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.00% | +0.00 |
| JIVE JPM Interntl Value ETF | New | 0.00% | +0.00 |
| FRDM Freedom 100 Emeging MRKT ETF | New | 0.00% | +0.00 |
| CEG Constellation Energy | Add +37.9% | 0.02% | +0.00 |
| XOVR Ershares Private-Public Cros | New | 0.00% | +0.00 |
| COUR Coursera Inc. | New | 0.00% | +0.00 |
| SJM The JM Smucker Co. | Add +1.1% | 0.02% | +0.00 |
| LZ Legalzoomcom Inc. | Add +66.7% | 0.00% | +0.00 |
| VTWO Vanguard Russell 2000 ETF | Add +5.3% | 0.00% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.0% | 0.08% | −0.00 |
| SCHF Schwab Intl Equity ETF | Add +0.4% | 0.02% | −0.00 |
| VYM Vanguard High DVD Yield ETF | Add +3.5% | 0.03% | −0.00 |
| PAA Plains All Amer Pipeline LP | Add +15.0% | 0.19% | −0.00 |
| VOO Vanguard S&P 500 ETF | Add +0.7% | 0.72% | −0.00 |
| SCCO Southern Copper Corp. | Add +0.8% | 0.07% | −0.01 |
| BSM Black Stone Minerals LP | Add +18.5% | 0.24% | −0.02 |
| SNPS Synopsys Inc. | Add +0.8% | 0.65% | −0.02 |
| JEPQ JPM Nasdaq Equity Premium | Add +4.1% | 4.06% | −0.04 |
Notes & Other Activity Q1 2026 → Q2 2026
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Reduce -3.1% | 3,950 | $232K |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -29.4% | 72 | $83K |
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 | 225 | $135.2M | GOOG, NVDA, VRT, QQQ, AXON |
| Q1 2026 | 211 | $116.2M | NVDA, GOOG, VRT, META, QQQ |
| Q4 2025 | 216 | $124.5M | GOOG, NVDA, META, AXON, QQQ |
| Q3 2025 | 226 | $131.7M | NVDA, GOOG, META, AXON, VRT |
| Q2 2025 | 211 | $122.0M | NVDA, AXON, META, GOOG, QQQ |
| Q1 2025 | 222 | $114.9M | NVDA, AXON, META, GOOG, QQQ |
| Q4 2024 | 210 | $144.8M | NVDA, AXON, GOOG, QQQ, AAPL |
| Q3 2024 | 203 | $134.2M | NVDA, QQQ, AXON, GOOG, AAPL |
| Q2 2024 | 219 | $131.2M | NVDA, GOOG, QQQ, AAPL, META |
| Q1 2024 | 229 | $124.0M | NVDA, QQQ, GOOG, AXON, META |