Ulland Investment Advisors, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 25, 2024), Ulland Investment Advisors, LLC reported 229 stock positions worth $124.0 million. Its top holding was Nvidia (NVDA) at 7.9% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 6.5%) and Alphabet Class C (GOOG, 6.3%). Compared with Q4 2023, it opened 54 new positions, sold out of 31, added to 34 and reduced 38. The biggest buy was Vertiv Class A (VRT, shares +859%) and the biggest sale Unitedhealth (UNH, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001911497
- Portfolio Value
- $124.0M (Q1 2024)
- SEC Filing
- 0001911497-24-000002 ↗ filed Apr 25, 2024
Holdings Value
Holdings 229 stocks · $124.0M
| NVDA Nvidia Corp. | 7.89% | 10,831 | $9.8M | Add +13.6% |
| QQQ Invesco QQQ Trust Series 1 | 6.52% | 18,207 | $8.1M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 6.30% | 51,330 | $7.8M | Add +2.3% |
| AXON Axon Enterprise Inc. | 5.59% | 22,155 | $6.9M | Add +0.4% |
| META Meta Platforms Inc. Class A | 5.53% | 14,118 | $6.9M | Add +0.3% |
| UNH Unitedhealth Group Inc. | 5.19% | 13,006 | $6.4M | Reduce -1.8% |
| AAPL Apple Inc. | 4.90% | 35,417 | $6.1M | Add +0.4% |
| AMZN Amazon.com Inc. | 4.45% | 30,604 | $5.5M | Add +2.1% |
| VRT Vertiv Holdings Co. Class A | 3.76% | 57,121 | $4.7M | Add +858.6% |
| SKY Champion Homes Inc. filed as SKYLINE CHAMPION CORPORATION | 3.63% | 52,984 | $4.5M | Reduce -1.2% |
| SMCI Super Micro Computer Inc. | 3.26% | 4,002 | $4.0M | New |
| GOOGL Alphabet Inc. Class A | 3.04% | 24,963 | $3.8M | Reduce -1.0% |
| V Visa Inc. Class A | 2.99% | 13,282 | $3.7M | Reduce -0.3% |
| SCHM Schwab US Mid Cap ETF | 2.30% | 35,077 | $2.9M | Reduce -3.4% |
| LOW Lowe's Cos Inc. | 2.28% | 11,092 | $2.8M | Reduce -1.5% |
| MSFT Microsoft Corp. | 2.07% | 6,113 | $2.6M | Add +44.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 2.05% | 4 | $2.5M | No change |
| IGV iShares Expanded Tech-Softwa | 1.76% | 25,556 | $2.2M | Add +2455.6% |
| SMMD iShares Russell 2500 ETF | 1.52% | 28,777 | $1.9M | Add +2.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.21% | 2,860 | $1.5M | Reduce -0.6% |
| DSI iShares ESG MSCI KLD 400 ETF | 1.16% | 14,260 | $1.4M | No change |
| PSI Invesco Semiconductors ETF | 1.14% | 25,044 | $1.4M | Add +825.8% |
| JTEK JPMorgan US Tech Leaders | 1.11% | 20,726 | $1.4M | New |
| SCHX Schwab US Large-Cap ETF | 1.03% | 20,657 | $1.3M | Reduce -3.8% |
| BSX Boston Scientific Corp. | 0.88% | 15,939 | $1.1M | Reduce -0.7% |
| JUST Goldman Sachs Just US LRG | 0.86% | 14,220 | $1.1M | No change |
| DGII Digi International Inc. | 0.79% | 30,737 | $981K | Reduce -15.5% |
| SUSA iShares ESG Optimized MSCI U | 0.78% | 8,880 | $969K | No change |
| ICE Intercontinental Exchange Inc. | 0.70% | 6,352 | $873K | Reduce -4.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.69% | 2,028 | $853K | Add +1.0% |
| IUSG iShares Core S&P U.S. Growth | 0.65% | 6,891 | $808K | Reduce -11.6% |
| PXD Pioneer Natural Resources Co. | 0.65% | 3,075 | $807K | Reduce -3.0% |
| INTU Intuit Inc. | 0.47% | 887 | $577K | Add +11.2% |
| XLE SS Energy Select Sector | 0.46% | 6,015 | $568K | Reduce -32.8% |
| EEFT Euronet Worldwide Inc. | 0.44% | 5,007 | $550K | Reduce -35.0% |
| NZAC State Street SPDR MSCI Acwi | 0.44% | 16,120 | $545K | No change |
| SCHW Schwab (charles) Corp. | 0.42% | 7,267 | $526K | Reduce -45.7% |
| ECL Ecolab Inc. | 0.40% | 2,134 | $493K | No change |
| COST Costco Wholesale Corp. | 0.39% | 668 | $489K | Add +6.9% |
| VOO Vanguard S&P 500 ETF | 0.38% | 975 | $469K | Add +1.1% |
| AMLP Alerian MLP ETF | 0.37% | 9,675 | $459K | Add +13.2% |
| LH Laboratory CRP of Amer Hldgs | 0.32% | 1,790 | $391K | Reduce -4.8% |
| ISRG Intuitive Surgical Inc. | 0.24% | 738 | $295K | No change |
| PG The Procter & Gamble Co. | 0.24% | 1,805 | $293K | No change |
| IWF iShares Russell 1000 Growth | 0.23% | 845 | $285K | New |
| EA Electronic Arts Inc. | 0.22% | 2,075 | $275K | Reduce -38.5% |
| BDX Becton Dickinson and Co. | 0.22% | 1,100 | $272K | No change |
| SNOW Snowflake Inc. | 0.21% | 1,631 | $264K | Reduce -6.0% |
| CAT Caterpillar Inc. | 0.21% | 715 | $262K | No change |
| IWR iShares Russell Mid-Cap ETF | 0.21% | 3,060 | $257K | Reduce -7.3% |
| JNJ Johnson & Johnson | 0.20% | 1,554 | $246K | Reduce -13.6% |
| TT Trane Technologies PLC | 0.19% | 800 | $240K | No change |
| BSM Black Stone Minerals LP | 0.19% | 14,700 | $235K | No change |
| LNTH Lantheus Holdings Inc. | 0.18% | 3,602 | $224K | Add +64.8% |
| ET Energy Transfer LP | 0.18% | 14,143 | $222K | Add +1.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.18% | 686 | $220K | New |
| VMD Viemed Healthcare Inc. | 0.17% | 22,450 | $212K | Add +8.6% |
| GNRC Generac Holdings Inc. | 0.17% | 1,670 | $211K | No change |
| RTX RTX Corp. | 0.17% | 2,144 | $209K | No change |
| KRP Kimbell Royalty Partners LP | 0.16% | 13,000 | $202K | No change |
| CRM Salesforce Inc. | 0.16% | 662 | $199K | Add +10933.3% |
| VNOM Viper Energy Inc. | 0.15% | 5,000 | $192K | No change |
| CVLT Commvault Systems Inc. | 0.15% | 1,778 | $180K | New |
| AAP Advance Auto Parts Inc. | 0.14% | 2,003 | $170K | Reduce -0.3% |
| LLY Eli Lilly & Co. | 0.13% | 214 | $166K | Add +7.0% |
| MPLX MPLX LP | 0.13% | 4,000 | $166K | No change |
| HCA HCA Healthcare Inc. | 0.12% | 440 | $147K | Reduce -5.8% |
| LGLV SPDR US LC Low Vol Idx | 0.12% | 938 | $146K | Reduce -1.1% |
| QYLD Global X Nasd 100 Cov Call | 0.11% | 7,850 | $141K | Add +137.9% |
| FIS Fidelity National Info Serv | 0.11% | 1,870 | $139K | No change |
| SCCO Southern Copper Corp. | 0.11% | 1,300 | $138K | No change |
| MRK Merck & Co. Inc. | 0.11% | 1,017 | $134K | Add +3.5% |
| RIO Rio Tinto PLC-Spon ADR | 0.11% | 2,100 | $134K | No change |
| VPU Vanguard Utilities ETF | 0.11% | 938 | $134K | No change |
| PM Philip Morris International | 0.10% | 1,417 | $130K | Reduce -6.9% |
| CVS CVS Health Corp. | 0.10% | 1,606 | $128K | No change |
| CARR Carrier Global Corp. | 0.10% | 2,084 | $121K | Reduce -2.8% |
| TGT Target Corp. | 0.10% | 675 | $120K | No change |
| AMD Advanced Micro Devices | 0.10% | 655 | $118K | Add +98.5% |
| SYK Stryker Corp. | 0.09% | 320 | $115K | No change |
| CVX Chevron Corp. | 0.09% | 718 | $113K | No change |
| XLV SS Health Care Select Sector | 0.09% | 750 | $111K | No change |
| PGR Progressive Corp. | 0.09% | 530 | $110K | No change |
| KMB Kimberly-Clark Corp. | 0.09% | 839 | $109K | New |
| STEM Stem Inc. | 0.09% | 49,450 | $108K | Reduce -9.9% |
| OTIS Otis Worldwide Corp. | 0.09% | 1,071 | $106K | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.08% | 425 | $97K | Add +1.2% |
| DLR Digital Realty Trust Inc. | 0.08% | 665 | $96K | New |
| SCHD Schwab US DVD Equity ETF | 0.08% | 1,195 | $96K | Reduce -24.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.07% | 335 | $87K | No change |
| GS Goldman Sachs Group Inc. | 0.07% | 200 | $84K | No change |
| WFC Wells Fargo & Co. | 0.07% | 1,435 | $83K | No change |
| TSEM Tower Semiconductor Ltd. | 0.07% | 2,450 | $82K | Add +6.5% |
| BKNG Booking Holdings Inc. | 0.06% | 21 | $76K | No change |
| NSC Norfolk Southern Corp. | 0.06% | 300 | $76K | No change |
| EW Edwards Lifesciences Corp. | 0.06% | 780 | $75K | No change |
| PEP Pepsico Inc. | 0.06% | 428 | $75K | No change |
| IOT Samsara Inc. Class A | 0.06% | 1,990 | $75K | Add +33.6% |
| INTC Intel Corp. | 0.06% | 1,583 | $70K | Add +901.9% |
| IR Ingersoll-Rand Inc. | 0.05% | 670 | $64K | No change |
Other holdings (4): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 901 | $1.1M | Add +39.3% |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 161 | $192K | Reduce -30.0% |
| ADSEW ADS-Tec Energy PLC-WRNT | *W EXP 99/99/999 | 3,109 | $6K | No change |
| CLBTW Cellebrite Di Ltd. -CW23 | *W EXP 99/99/999 | 16 | $0 | No change |
Total filed on the 13F, all lines: $125.3M.
Portfolio Sells Q4 2023 → Q1 2024
| UNH Unitedhealth Group Inc. | Reduce -1.8% | 5.19% | −1.91 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −1.72 |
| GOOGL Alphabet Inc. Class A | Reduce -1.0% | 3.04% | −0.55 |
| V Visa Inc. Class A | Reduce -0.3% | 2.99% | −0.54 |
| SCHW Schwab (charles) Corp. | Reduce -45.7% | 0.42% | −0.51 |
| SCHM Schwab US Mid Cap ETF | Reduce -3.4% | 2.30% | −0.48 |
| SKY Champion Homes Inc. | Reduce -1.2% | 3.63% | −0.42 |
| EEFT Euronet Worldwide Inc. | Reduce -35.0% | 0.44% | −0.35 |
| XLE SS Energy Select Sector | Reduce -32.8% | 0.46% | −0.31 |
| LOW Lowe's Cos Inc. | Reduce -1.5% | 2.28% | −0.27 |
| EA Electronic Arts Inc. | Reduce -38.5% | 0.22% | −0.25 |
| SCHX Schwab US Large-Cap ETF | Reduce -3.8% | 1.03% | −0.20 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.6% | 1.21% | −0.19 |
| IUSG iShares Core S&P U.S. Growth | Reduce -11.6% | 0.65% | −0.18 |
| DGII Digi International Inc. | Reduce -15.5% | 0.79% | −0.17 |
| ICE Intercontinental Exchange Inc. | Reduce -4.0% | 0.70% | −0.16 |
| TSLA Tesla Inc. | Reduce -60.7% | 0.04% | −0.15 |
| SNOW Snowflake Inc. | Reduce -6.0% | 0.21% | −0.14 |
| STEM Stem Inc. | Reduce -9.9% | 0.09% | −0.13 |
| LH Laboratory CRP of Amer Hldgs | Reduce -4.8% | 0.32% | −0.12 |
| CMP Compass Minerals Internation | Sold out | 0.00% | −0.12 |
| JNJ Johnson & Johnson | Reduce -13.6% | 0.20% | −0.09 |
| PXD Pioneer Natural Resources Co. | Reduce -3.0% | 0.65% | −0.08 |
| BSX Boston Scientific Corp. | Reduce -0.7% | 0.88% | −0.06 |
| MS Morgan Stanley | Sold out | 0.00% | −0.06 |
| SEI Solaris Energy Infrastructur | Sold out | 0.00% | −0.06 |
| IWR iShares Russell Mid-Cap ETF | Reduce -7.3% | 0.21% | −0.05 |
| MSOS Advisorshares Pure US Cann | Sold out | 0.00% | −0.05 |
| SCHD Schwab US DVD Equity ETF | Reduce -24.9% | 0.08% | −0.05 |
| KDP Keurig Dr Pepper Inc. | Reduce -79.0% | 0.01% | −0.04 |
| PM Philip Morris International | Reduce -6.9% | 0.10% | −0.04 |
| ORCL Oracle Corp. | Reduce -90.2% | 0.00% | −0.04 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −0.03 |
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −0.03 |
| CARR Carrier Global Corp. | Reduce -2.8% | 0.10% | −0.03 |
| SGOV iShares 0-3 Month Treasury B | Reduce -66.7% | 0.01% | −0.02 |
| DBC Invesco DB Commodity Index T | Sold out | 0.00% | −0.02 |
| LGLV SPDR US LC Low Vol Idx | Reduce -1.1% | 0.12% | −0.02 |
| SCHA Schwab US Small-Cap ETF | Reduce -81.1% | 0.00% | −0.02 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.02 |
| HRL Hormel Foods Corp. | Sold out | 0.00% | −0.01 |
| CLF Cleveland-Cliffs Inc. | Reduce -53.1% | 0.01% | −0.01 |
| HCA HCA Healthcare Inc. | Reduce -5.8% | 0.12% | −0.01 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.01 |
| RGEN Repligen Corp. | Sold out | 0.00% | −0.01 |
| XOP SS SPDR S&P Og Exp & Prod | Reduce -44.0% | 0.01% | −0.01 |
| KO The Coca-Cola Co. | Reduce -66.7% | 0.00% | −0.00 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Sold out | 0.00% | −0.00 |
| VAW Vanguard Materials ETF | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| VRT Vertiv Holdings Co. Class A | Add +858.6% | 3.76% | +3.47 |
| SMCI Super Micro Computer Inc. | New | 3.26% | +3.26 |
| NVDA Nvidia Corp. | Add +13.6% | 7.89% | +3.08 |
| IGV iShares Expanded Tech-Softwa | Add +2455.6% | 1.76% | +1.68 |
| JTEK JPMorgan US Tech Leaders | New | 1.11% | +1.11 |
| PSI Invesco Semiconductors ETF | Add +825.8% | 1.14% | +1.00 |
| META Meta Platforms Inc. Class A | Add +0.3% | 5.53% | +0.46 |
| MSFT Microsoft Corp. | Add +44.3% | 2.07% | +0.45 |
| IWF iShares Russell 1000 Growth | New | 0.23% | +0.23 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.18% | +0.18 |
| CRM Salesforce Inc. | Add +10933.3% | 0.16% | +0.16 |
| CVLT Commvault Systems Inc. | New | 0.15% | +0.15 |
| KMB Kimberly-Clark Corp. | New | 0.09% | +0.09 |
| DLR Digital Realty Trust Inc. | New | 0.08% | +0.08 |
| QYLD Global X Nasd 100 Cov Call | Add +137.9% | 0.11% | +0.06 |
| ANSS Ansys Inc. | New | 0.05% | +0.05 |
| SNPS Synopsys Inc. | New | 0.05% | +0.05 |
| INTC Intel Corp. | Add +901.9% | 0.06% | +0.05 |
| AMD Advanced Micro Devices | Add +98.5% | 0.10% | +0.05 |
| LNTH Lantheus Holdings Inc. | Add +64.8% | 0.18% | +0.04 |
| AIQ Global X Art Intel & Tech | New | 0.04% | +0.04 |
| NOW ServiceNow Inc. | New | 0.03% | +0.03 |
| LRCX Lam Research Corp. | New | 0.03% | +0.03 |
| AVGO Broadcom Inc. | New | 0.03% | +0.03 |
| VECO Veeco Instruments Inc. | New | 0.03% | +0.03 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.03% | +0.03 |
| PANW Palo Alto Networks Inc. | New | 0.02% | +0.02 |
| CRDO Credo Technology Group Holdi | New | 0.02% | +0.02 |
| CDNS Cadence Design SYS Inc. | New | 0.02% | +0.02 |
| PATH Uipath Inc. Class A | New | 0.02% | +0.02 |
| DDOG Datadog Inc. Class A | New | 0.02% | +0.02 |
| SAP Sap SE-Sponsored ADR | New | 0.02% | +0.02 |
| RMBS Rambus Inc. | New | 0.02% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.02% | +0.02 |
| LLY Eli Lilly & Co. | Add +7.0% | 0.13% | +0.01 |
| MRVL Marvell Technology Inc. | New | 0.01% | +0.01 |
| MPWR Monolithic Power Systems Inc. | New | 0.01% | +0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.01% | +0.01 |
| SMH Vaneck Semiconductor ETF | New | 0.01% | +0.01 |
| NXPI NXP Semiconductors NV | New | 0.01% | +0.01 |
| IOT Samsara Inc. Class A | Add +33.6% | 0.06% | +0.01 |
| ON On Semiconductor | New | 0.01% | +0.01 |
| VMD Viemed Healthcare Inc. | Add +8.6% | 0.17% | +0.01 |
| DHR Danaher Corp. | New | 0.01% | +0.01 |
| NICE Nice Ltd. - Spon ADR | New | 0.01% | +0.01 |
| MNDY Monday.com Ltd. | New | 0.01% | +0.01 |
| RSPN Invesco S&P 500 Equal Weight | New | 0.00% | +0.00 |
| URI United Rentals Inc. | New | 0.00% | +0.00 |
| PPA Invesco Aerospace & Defense | New | 0.00% | +0.00 |
| CRH CRH PLC | New | 0.00% | +0.00 |
Notes & Other Activity Q4 2023 → Q1 2024
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +39.3% | 901 | $1.1M |
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Reduce -30.0% | 161 | $192K |
| LBRDK Liberty Broadband-C | COM SER C | Reduce -100.0% | 0 | $0 |
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 |