Ulland Investment Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Ulland Investment Advisors, LLC reported 226 stock positions worth $131.7 million. Its top holding was Nvidia (NVDA) at 9.7% of the portfolio, followed by Alphabet Class C (GOOG, 7.9%) and Meta Platforms Class A (META, 6.5%). Compared with Q2 2025, it opened 31 new positions, sold out of 16, added to 56 and reduced 37. The biggest buy was Synopsys (SNPS, shares +3441%) and the biggest sale Axon Enterprise (AXON, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MINNEAPOLIS, MN
- CIK
- 0001911497
- Portfolio Value
- $131.7M (Q3 2025)
- SEC Filing
- 0001911497-25-000006 ↗ filed Nov 13, 2025
Holdings Value
Holdings 226 stocks · $131.7M
| NVDA Nvidia Corp. | 9.72% | 68,630 | $12.8M | Reduce -4.3% |
| GOOG Alphabet Inc. Class C | 7.94% | 42,962 | $10.5M | Reduce -3.3% |
| META Meta Platforms Inc. Class A | 6.46% | 11,585 | $8.5M | Reduce -0.4% |
| AXON Axon Enterprise Inc. | 5.81% | 10,658 | $7.6M | Reduce -1.2% |
| VRT Vertiv Holdings Co. Class A | 4.86% | 42,430 | $6.4M | Add +0.6% |
| QQQ Invesco QQQ Trust Series 1 | 4.84% | 10,610 | $6.4M | Reduce -0.5% |
| JEPI JPMorgan Equity Premium Inco | 3.95% | 91,138 | $5.2M | Reduce -2.8% |
| AMZN Amazon.com Inc. | 3.87% | 23,233 | $5.1M | Add +1.8% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 3.83% | 87,738 | $5.0M | Reduce -4.0% |
| GOOGL Alphabet Inc. Class A | 3.60% | 19,491 | $4.7M | No change |
| AAPL Apple Inc. | 2.83% | 14,646 | $3.7M | Add +1.3% |
| SKY Champion Homes Inc. | 2.71% | 46,674 | $3.6M | Add +0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 2.29% | 4 | $3.0M | No change |
| MSFT Microsoft Corp. | 2.04% | 5,189 | $2.7M | Add +1.9% |
| UNH Unitedhealth Group Inc. | 1.97% | 7,531 | $2.6M | Add +1.2% |
| V Visa Inc. Class A | 1.95% | 7,528 | $2.6M | Add +0.7% |
| SCHM Schwab US Mid Cap ETF | 1.91% | 84,974 | $2.5M | Reduce -0.9% |
| LOW Lowe's Cos Inc. | 1.72% | 9,022 | $2.3M | Reduce -0.6% |
| JTEK JPMorgan US Tech Leaders | 1.56% | 22,373 | $2.1M | Add +0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.46% | 2,881 | $1.9M | Reduce -7.5% |
| SMMD iShares Russell 2500 ETF | 1.01% | 18,080 | $1.3M | Reduce -2.3% |
| IGV iShares Expanded Tech-Softwa | 1.00% | 11,480 | $1.3M | Add +0.0% |
| SCHX Schwab US Large-Cap ETF | 0.97% | 48,313 | $1.3M | Reduce -0.6% |
| BSX Boston Scientific Corp. | 0.96% | 12,974 | $1.3M | No change |
| QYLD Global X Nasd 100 Cov Call | 0.94% | 72,929 | $1.2M | Add +0.7% |
| CVLT Commvault Systems Inc. | 0.85% | 5,894 | $1.1M | Reduce -1.0% |
| SNPS Synopsys Inc. | 0.84% | 2,231 | $1.1M | Add +3441.3% |
| ICE Intercontinental Exchange Inc. | 0.80% | 6,270 | $1.1M | Add +4.3% |
| IUSG iShares Core S&P U.S. Growth | 0.79% | 6,306 | $1.0M | Reduce -0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.78% | 2,046 | $1.0M | Reduce -1.4% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.67% | 59,365 | $882K | Add +105.3% |
| VOO Vanguard S&P 500 ETF | 0.66% | 1,413 | $865K | Add +23.4% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.59% | 14,830 | $775K | Add +14.3% |
| DSI iShares ESG MSCI KLD 400 ETF | 0.56% | 5,850 | $737K | Reduce -2.7% |
| AMLP Alerian MLP ETF | 0.54% | 15,272 | $717K | Reduce -20.0% |
| COST Costco Wholesale Corp. | 0.50% | 715 | $662K | Add +3.2% |
| XOM Exxon Mobil Corp. | 0.46% | 5,387 | $607K | Reduce -5.1% |
| INTU Intuit Inc. | 0.43% | 833 | $569K | Add +10.0% |
| JUST Goldman Sachs Just US LRG | 0.41% | 5,720 | $537K | No change |
| SUSA iShares ESG Optimized MSCI U | 0.40% | 3,880 | $526K | No change |
| AMKR Amkor Technology Inc. | 0.39% | 18,260 | $519K | Add +2.8% |
| VMD Viemed Healthcare Inc. | 0.38% | 73,095 | $496K | Add +142.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.37% | 980 | $481K | Add +3.4% |
| XLE SS Energy Select Sector | 0.29% | 4,275 | $382K | Reduce -1.7% |
| RTX RTX Corp. | 0.28% | 2,229 | $373K | Add +4.0% |
| XYZ Block Inc. | 0.26% | 4,793 | $346K | Add +91.1% |
| AVGO Broadcom Inc. | 0.25% | 1,015 | $335K | Add +10.1% |
| IWF iShares Russell 1000 Growth | 0.25% | 703 | $329K | No change |
| ECL Ecolab Inc. | 0.24% | 1,134 | $311K | No change |
| PSI Invesco Semiconductors ETF | 0.23% | 4,400 | $309K | Reduce -12.2% |
| LNTH Lantheus Holdings Inc. | 0.23% | 6,032 | $309K | Add +21.9% |
| LH Labcorp Holdings Inc. | 0.23% | 1,043 | $299K | Reduce -5.7% |
| IWR iShares Russell Mid-Cap ETF | 0.22% | 3,025 | $292K | No change |
| JNJ Johnson & Johnson | 0.21% | 1,506 | $279K | No change |
| PM Philip Morris International | 0.16% | 1,312 | $213K | Reduce -7.4% |
| SCHD Schwab US DVD Equity ETF | 0.16% | 7,658 | $209K | Add +1.0% |
| SCHW Schwab (charles) Corp. | 0.16% | 2,166 | $207K | Add +6.4% |
| BDX Becton Dickinson and Co. | 0.16% | 1,100 | $206K | No change |
| CAT Caterpillar Inc. | 0.15% | 415 | $198K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.15% | 1,025 | $194K | No change |
| PG The Procter & Gamble Co. | 0.14% | 1,180 | $181K | No change |
| ET Energy Transfer LP | 0.13% | 10,000 | $172K | Reduce -28.6% |
| URA Global X Uranium ETF | 0.13% | 3,575 | $170K | No change |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.13% | 5,175 | $169K | Reduce -13.2% |
| GS Goldman Sachs Group Inc. | 0.12% | 200 | $159K | No change |
| LLY Eli Lilly & Co. | 0.12% | 207 | $158K | Add +3.5% |
| YETH Roundhill Etr Co. Call St ETF | 0.12% | 5,872 | $157K | Add +1.1% |
| HELO JPMorgan Hedged Equity ETF | 0.12% | 2,370 | $154K | Add +14.5% |
| HCA HCA Healthcare Inc. | 0.12% | 360 | $153K | No change |
| MPLX MPLX LP | 0.11% | 3,000 | $150K | Reduce -25.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.11% | 521 | $146K | Add +56.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.11% | 555 | $141K | Add +22.0% |
| ADBE Adobe Inc. | 0.11% | 398 | $140K | Add +13.1% |
| PANW Palo Alto Networks Inc. | 0.10% | 678 | $138K | Add +222.9% |
| ISRG Intuitive Surgical Inc. | 0.10% | 300 | $134K | No change |
| CARR Carrier Global Corp. | 0.10% | 2,169 | $129K | Add +4.1% |
| GNRC Generac Holdings Inc. | 0.10% | 761 | $127K | No change |
| RYLD Global X Russell 2000 Cov Class | 0.09% | 8,000 | $120K | Reduce -42.9% |
| WFC Wells Fargo & Co. | 0.09% | 1,435 | $120K | No change |
| SYK Stryker Corp. | 0.09% | 320 | $118K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.09% | 635 | $118K | No change |
| CVX Chevron Corp. | 0.08% | 718 | $111K | No change |
| TSLA Tesla Inc. | 0.08% | 250 | $111K | Add +42.9% |
| PGR Progressive Corp. | 0.08% | 425 | $105K | No change |
| BKNG Booking Holdings Inc. | 0.08% | 19 | $103K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.08% | 315 | $103K | Add +5.7% |
| OTIS Otis Worldwide Corp. | 0.08% | 1,113 | $102K | Add +3.9% |
| PAA Plains All Amer Pipeline LP | 0.08% | 6,000 | $102K | New |
| MRVL Marvell Technology Inc. | 0.08% | 1,200 | $101K | Add +20.0% |
| EPD Enterprise Products Partners | 0.08% | 3,200 | $100K | New |
| SUN Sunoco LP | 0.08% | 2,000 | $100K | New |
| JPM JPMorgan Chase & Co. | 0.07% | 296 | $93K | Add +41.6% |
| XLV SS Health Care Select Sector | 0.07% | 670 | $93K | No change |
| ALVO Alvotech SA | 0.07% | 11,250 | $92K | New |
| MMM 3M Co. | 0.07% | 585 | $91K | No change |
| NSC Norfolk Southern Corp. | 0.07% | 300 | $90K | No change |
| BTCC Gryscle Bitcn HGH Inc. ETF-Ui | 0.06% | 2,700 | $84K | Add +285.2% |
| QFLR Innovator Nasdaq-100 MF ETF | 0.06% | 2,500 | $83K | No change |
| MRK Merck & Co. Inc. | 0.06% | 957 | $80K | Reduce -2.6% |
| SCHF Schwab Intl Equity ETF | 0.06% | 3,358 | $78K | New |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 604 | $746K | Reduce -91.6% |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 4,075 | $374K | No change |
Total filed on the 13F, all lines: $132.8M.
Portfolio Sells Q2 2025 → Q3 2025
| AXON Axon Enterprise Inc. | Reduce -1.2% | 5.81% | −1.51 |
| ANSS Ansys Inc. | Sold out | 0.00% | −1.00 |
| META Meta Platforms Inc. Class A | Reduce -0.4% | 6.46% | −0.57 |
| JEPI JPMorgan Equity Premium Inco | Reduce -2.8% | 3.95% | −0.42 |
| SGOV iShares 0-3 Month Treasury B | Reduce -96.7% | 0.01% | −0.25 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -4.0% | 3.83% | −0.24 |
| AMLP Alerian MLP ETF | Reduce -20.0% | 0.54% | −0.22 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −0.16 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.5% | 1.46% | −0.12 |
| SCCO Southern Copper Corp. | Reduce -66.5% | 0.06% | −0.09 |
| RYLD Global X Russell 2000 Cov Class | Reduce -42.9% | 0.09% | −0.08 |
| ET Energy Transfer LP | Reduce -28.6% | 0.13% | −0.08 |
| SYM Symbotic Inc. | Sold out | 0.00% | −0.07 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.9% | 1.91% | −0.06 |
| MPLX MPLX LP | Reduce -25.0% | 0.11% | −0.05 |
| PM Philip Morris International | Reduce -7.4% | 0.16% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.4% | 0.78% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -5.1% | 0.46% | −0.04 |
| DGII Digi International Inc. | Sold out | 0.00% | −0.04 |
| EEFT Euronet Worldwide Inc. | Sold out | 0.00% | −0.04 |
| VICI Vici Properties Inc. | Reduce -13.2% | 0.13% | −0.03 |
| IOT Samsara Inc. Class A | Reduce -40.2% | 0.03% | −0.03 |
| TSEM Tower Semiconductor Ltd. | Sold out | 0.00% | −0.02 |
| CRM Salesforce Inc. | Reduce -6.8% | 0.05% | −0.02 |
| CVS CVS Health Corp. | Reduce -96.5% | 0.00% | −0.02 |
| SMMD iShares Russell 2500 ETF | Reduce -2.3% | 1.01% | −0.02 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.01 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.01 |
| DSI iShares ESG MSCI KLD 400 ETF | Reduce -2.7% | 0.56% | −0.01 |
| XLE SS Energy Select Sector | Reduce -1.7% | 0.29% | −0.01 |
| HIGH Simplify Enhanced Income ETF | Sold out | 0.00% | −0.01 |
| SEB Seaboard Corp. | Sold out | 0.00% | −0.01 |
| PSI Invesco Semiconductors ETF | Reduce -12.2% | 0.23% | −0.01 |
| LH Labcorp Holdings Inc. | Reduce -5.7% | 0.23% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.6% | 0.97% | −0.01 |
| MPV Barings Participation Invest | Reduce -30.0% | 0.01% | −0.01 |
| SMCI Super Micro Computer Inc. | Reduce -14.7% | 0.02% | −0.01 |
| CVLT Commvault Systems Inc. | Reduce -1.0% | 0.85% | −0.01 |
| BXSL Blackstone Secured Lending F | Sold out | 0.00% | −0.00 |
| MORT Vaneck Mortgage REIT Income | Sold out | 0.00% | −0.00 |
| PTCT PTC Therapeutics Inc. | Sold out | 0.00% | −0.00 |
| FAST Fastenal Co. | Sold out | 0.00% | −0.00 |
| DLR Digital Realty Trust Inc. | Reduce -2.2% | 0.03% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -2.6% | 0.06% | −0.00 |
| APG Api Group Corp. | Reduce -33.3% | 0.04% | −0.00 |
| MCI Barings Corporate Investors | Reduce -2.0% | 0.01% | −0.00 |
| DOLE Dole Food Co. Inc. | Sold out | 0.00% | 0.00 |
| IOVA Iovance Biotherapeutics Inc. | Sold out | 0.00% | 0.00 |
| IUSG iShares Core S&P U.S. Growth | Reduce -0.3% | 0.79% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.5% | 4.84% | +0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| SNPS Synopsys Inc. | Add +3441.3% | 0.84% | +0.81 |
| VRT Vertiv Holdings Co. Class A | Add +0.6% | 4.86% | +0.42 |
| AAPL Apple Inc. | Add +1.3% | 2.83% | +0.40 |
| SKY Champion Homes Inc. | Add +0.3% | 2.71% | +0.32 |
| UMH Umh Properties Inc. | Add +105.3% | 0.67% | +0.27 |
| VMD Viemed Healthcare Inc. | Add +142.4% | 0.38% | +0.21 |
| VOO Vanguard S&P 500 ETF | Add +23.4% | 0.66% | +0.12 |
| XYZ Block Inc. | Add +91.1% | 0.26% | +0.12 |
| AMKR Amkor Technology Inc. | Add +2.8% | 0.39% | +0.09 |
| PAA Plains All Amer Pipeline LP | New | 0.08% | +0.08 |
| EPD Enterprise Products Partners | New | 0.08% | +0.08 |
| SUN Sunoco LP | New | 0.08% | +0.08 |
| UNH Unitedhealth Group Inc. | Add +1.2% | 1.97% | +0.07 |
| ALVO Alvotech SA | New | 0.07% | +0.07 |
| PANW Palo Alto Networks Inc. | Add +222.9% | 0.10% | +0.07 |
| SCHF Schwab Intl Equity ETF | New | 0.06% | +0.06 |
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +14.3% | 0.59% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Add +56.5% | 0.11% | +0.05 |
| AVGO Broadcom Inc. | Add +10.1% | 0.25% | +0.05 |
| BTCC Gryscle Bitcn HGH Inc. ETF-Ui | Add +285.2% | 0.06% | +0.04 |
| VIG Vanguard Dividend Apprec ETF | New | 0.04% | +0.04 |
| TSLA Tesla Inc. | Add +42.9% | 0.08% | +0.04 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.03% | +0.03 |
| RTX RTX Corp. | Add +4.0% | 0.28% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +87.3% | 0.05% | +0.02 |
| KLAC KLA Corp. | Add +61.1% | 0.05% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +41.6% | 0.07% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +22.0% | 0.11% | +0.02 |
| JTEK JPMorgan US Tech Leaders | Add +0.2% | 1.56% | +0.02 |
| BX Blackstone Inc. | New | 0.02% | +0.02 |
| TMO Thermo Fisher Scientific Inc. | New | 0.01% | +0.01 |
| MRVL Marvell Technology Inc. | Add +20.0% | 0.08% | +0.01 |
| CSCO Cisco Systems Inc. | New | 0.01% | +0.01 |
| IQQQ Proshares NDX High Incom ETF | New | 0.01% | +0.01 |
| SPLV Invesco S&P 500 Low Volatili | Add +112.5% | 0.02% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +75.6% | 0.03% | +0.01 |
| HELO JPMorgan Hedged Equity ETF | Add +14.5% | 0.12% | +0.01 |
| NFLX Netflix Inc. | Add +600.0% | 0.01% | +0.01 |
| ITOT iShares Core S&P Total U.S. | New | 0.01% | +0.01 |
| PNC PNC Financial Services Group | New | 0.01% | +0.01 |
| YBTC Roundhill Bitcoin CC STR ETF | Add +179.9% | 0.01% | +0.01 |
| EMB iShares JP Morgan Usd Emergi | New | 0.01% | +0.01 |
| RDDT Reddit Inc. Class A | New | 0.01% | +0.01 |
| DPZ Domino's Pizza Inc. | New | 0.01% | +0.01 |
| ORCL Oracle Corp. | Add +3.5% | 0.03% | +0.01 |
| BP BP PLC-Spons ADR | Add +28.5% | 0.02% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +39.1% | 0.02% | +0.01 |
| MA Mastercard Inc. Class A | Add +19.5% | 0.04% | +0.00 |
| SCHW Schwab (charles) Corp. | Add +6.4% | 0.16% | +0.00 |
| AMD Advanced Micro Devices | New | 0.00% | +0.00 |
Notes & Other Activity Q2 2025 → Q3 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -91.6% | 604 | $746K |
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 |