Ulland Investment Advisors, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 27, 2026), Ulland Investment Advisors, LLC reported 211 stock positions worth $116.2 million. Its top holding was Nvidia (NVDA) at 8.0% of the portfolio, followed by Alphabet Class C (GOOG, 7.7%) and Vertiv Class A (VRT, 5.8%). Compared with Q4 2025, it opened 6 new positions, sold out of 11, added to 22 and reduced 55. The biggest buy was Marvell Technology (MRVL, shares +349%) and the biggest sale Alphabet Class C (GOOG, shares −4%).

Most Recent 13F
Q2 2026
Location
MINNEAPOLIS, MN
CIK
0001911497
Portfolio Value
$116.2M (Q1 2026)
SEC Filing
0001911497-26-000002 ↗ filed Apr 27, 2026

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $124.0M Q1 2024 Q2 2024: $131.2M Q2 2024 Q3 2024: $134.2M Q3 2024 Q4 2024: $144.8M Q4 2024 Q1 2025: $114.9M Q1 2025 Q2 2025: $122.0M Q2 2025 Q3 2025: $131.7M Q3 2025 Q4 2025: $124.5M Q4 2025 Q1 2026: $116.2M $116.2M Q1 2026 Q2 2026: $135.2M Q2 2026

Holdings 211 stocks · $116.2M
NVDA Nvidia Corp. 7.98% 53,194 $9.3M Reduce -1.7%
GOOG Alphabet Inc. Class C 7.73% 31,312 $9.0M Reduce -4.1%
VRT Vertiv Holdings Co. Class A 5.83% 27,026 $6.8M Reduce -24.6%
META Meta Platforms Inc. Class A 5.32% 10,799 $6.2M Reduce -1.1%
QQQ Invesco QQQ Trust Series 1 4.95% 9,975 $5.8M Reduce -2.6%
JEPI JPMorgan Equity Premium Inco 4.31% 88,335 $5.0M Reduce -1.4%
AXON Axon Enterprise Inc. 4.16% 11,387 $4.8M Add +0.8%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 4.10% 85,854 $4.8M Reduce -0.6%
AMZN Amazon.com Inc. 3.86% 21,537 $4.5M Reduce -1.5%
GOOGL Alphabet Inc. Class A 3.21% 12,968 $3.7M Reduce -1.4%
AAPL Apple Inc. 2.83% 12,968 $3.3M Reduce -2.0%
SKY Champion Homes Inc. 2.83% 44,178 $3.3M Add +1.0%
BRK.A Berkshire Hathaway Inc. Class A 2.47% 4 $2.9M No change
SCHM Schwab US Mid Cap ETF 2.13% 79,880 $2.5M Reduce -0.6%
V Visa Inc. Class A 1.86% 7,154 $2.2M Reduce -1.1%
LOW Lowe's Cos Inc. 1.71% 8,404 $2.0M Reduce -1.0%
MSFT Microsoft Corp. 1.61% 5,041 $1.9M Add +1.5%
SPY SS SPDR S&P 500 ETF Trust-US 1.43% 2,555 $1.7M Reduce -3.9%
JTEK JPMorgan US Tech Leaders 1.43% 20,849 $1.7M Reduce -5.7%
UNH Unitedhealth Group Inc. 1.40% 6,029 $1.6M Reduce -6.1%
ICE Intercontinental Exchange Inc. 1.29% 9,514 $1.5M Reduce -1.6%
SMMD iShares Russell 2500 ETF 1.13% 17,259 $1.3M Reduce -0.5%
QYLD Global X Nasd 100 Cov Call 1.03% 70,027 $1.2M Reduce -1.1%
SCHX Schwab US Large-Cap ETF 0.98% 44,477 $1.1M Reduce -2.1%
BRK.B Berkshire Hathaway Inc. Class B 0.82% 1,999 $958K Reduce -2.3%
UMH Umh Properties Inc. filed as UMH PPTYS INC 0.82% 66,215 $955K Reduce -0.1%
IUSG iShares Core S&P U.S. Growth 0.79% 5,926 $919K Reduce -0.3%
GPIX GLDM SA S&P 500 PR in ETF-US 0.73% 17,075 $854K Add +3.0%
VOO Vanguard S&P 500 ETF 0.73% 1,410 $843K Add +0.9%
IGV iShares Expanded Tech-Softwa 0.71% 10,302 $825K Reduce -5.5%
BSX Boston Scientific Corp. 0.70% 12,889 $809K Add +1.1%
AMLP Alerian MLP ETF 0.69% 15,295 $805K Reduce -1.6%
XOM Exxon Mobil Corp. 0.68% 4,646 $788K Reduce -5.5%
SNPS Synopsys Inc. 0.67% 1,965 $779K Reduce -10.2%
MRVL Marvell Technology Inc. 0.63% 7,415 $734K Add +349.4%
DSI iShares ESG MSCI KLD 400 ETF 0.57% 5,500 $667K No change
COST Costco Wholesale Corp. 0.53% 617 $615K Reduce -3.1%
XYZ Block Inc. 0.51% 9,933 $598K Add +49.9%
VMD Viemed Healthcare Inc. 0.49% 61,885 $570K Reduce -27.6%
GNRC Generac Holdings Inc. 0.46% 2,750 $537K No change
JUST Goldman Sachs Just US LRG 0.46% 5,720 $529K No change
SUSA iShares ESG Optimized MSCI U 0.44% 3,855 $509K No change
XLE SS Energy Select Sector 0.43% 8,120 $497K Reduce -5.0%
WES Western Midstream Partners L 0.43% 12,000 $494K New
RTX RTX Corp. 0.37% 2,229 $430K No change
MPLX MPLX LP 0.37% 7,500 $428K Add +50.0%
CRWD CrowdStrike Holdings Inc. Class A 0.35% 1,055 $412K Add +15.2%
ET Energy Transfer LP 0.32% 19,500 $376K Add +21.9%
PSI Invesco Semiconductors ETF 0.32% 3,907 $369K Reduce -1.7%
JNJ Johnson & Johnson 0.31% 1,481 $362K Reduce -1.7%
INTU Intuit Inc. 0.30% 806 $348K Add +0.6%
ALVO Alvotech SA 0.29% 98,100 $336K Add +35.3%
AMKR Amkor Technology Inc. 0.28% 7,280 $328K Reduce -48.8%
LNTH Lantheus Holdings Inc. 0.28% 4,325 $328K Reduce -10.0%
SUN Sunoco LP 0.28% 5,000 $325K No change
CVLT Commvault Systems Inc. 0.28% 4,147 $323K Reduce -27.2%
AVGO Broadcom Inc. 0.26% 980 $303K Reduce -1.0%
BSM Black Stone Minerals LP 0.26% 20,000 $302K New
ECL Ecolab Inc. 0.26% 1,134 $302K No change
IWF iShares Russell 1000 Growth 0.26% 703 $300K No change
IWR iShares Russell Mid-Cap ETF 0.25% 3,025 $294K No change
LH Labcorp Holdings Inc. 0.24% 1,043 $278K No change
EPD Enterprise Products Partners 0.23% 7,000 $265K No change
CAT Caterpillar Inc. 0.21% 350 $248K Reduce -15.7%
PAA Plains All Amer Pipeline LP 0.19% 10,000 $223K No change
PM Philip Morris International 0.19% 1,312 $217K No change
RSP Invesco S&P 500 Equal Weight 0.16% 980 $188K Reduce -5.8%
LLY Eli Lilly & Co. 0.16% 200 $184K No change
SCHW Schwab (charles) Corp. 0.16% 1,936 $182K No change
KMB Kimberly-Clark Corp. 0.15% 1,845 $178K Add +15.7%
PANW Palo Alto Networks Inc. 0.15% 1,083 $174K Add +10.7%
URA Global X Uranium ETF 0.15% 3,574 $173K No change
HCA HCA Healthcare Inc. 0.15% 360 $170K No change
PG The Procter & Gamble Co. 0.15% 1,180 $170K No change
GS Goldman Sachs Group Inc. 0.15% 200 $169K No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.14% 6,050 $165K Reduce -0.8%
TSM Taiwan Semiconductor-SP ADR 0.14% 466 $157K Reduce -6.0%
HELO JPMorgan Hedged Equity ETF 0.13% 2,420 $155K No change
CVX Chevron Corp. 0.12% 700 $145K Reduce -2.5%
VB Vanguard Most SM-Cap ETF-Usd 0.12% 555 $145K No change
ISRG Intuitive Surgical Inc. 0.12% 300 $138K No change
IQQQ Proshares NDX High Incom ETF 0.11% 3,150 $131K No change
RYLD Global X Russell 2000 Cov Class 0.11% 8,300 $124K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.11% 626 $123K No change
CARR Carrier Global Corp. 0.10% 2,169 $122K No change
MRK Merck & Co. Inc. 0.10% 957 $115K No change
WFC Wells Fargo & Co. 0.09% 1,370 $109K Reduce -4.5%
DDOG Datadog Inc. Class A 0.09% 850 $100K Add +415.1%
XLV SS Health Care Select Sector 0.08% 670 $98K No change
VTI VG Morningstar TS MKT ETF-US 0.08% 298 $96K No change
BUG Global X Cybersecurity ETF 0.08% 3,600 $90K Add +13.2%
CCJ Cameco Corp. 0.07% 800 $87K No change
SCCO Southern Copper Corp. 0.07% 503 $87K Reduce -16.7%
NSC Norfolk Southern Corp. 0.07% 300 $86K No change
OTIS Otis Worldwide Corp. 0.07% 1,108 $85K Reduce -0.5%
MMM 3M Co. 0.07% 585 $85K No change
PGR Progressive Corp. 0.07% 425 $84K No change
QFLR Innovator Nasdaq-100 MF ETF 0.07% 2,500 $83K No change
BKNG Booking Holdings Inc. 0.07% 19 $80K No change
JPM JPMorgan Chase & Co. 0.06% 253 $74K Reduce -1.9%

Show all 211 holdings

Other holdings (2): bonds, preferreds, convertibles and warrants · $406K (not counted above)
SecurityClassShares / PrincipalValueChange
STRATEGY INC (MSTR 8 PERP) SERIES A PERP PF 4,075$288KNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 102$118KNo change

Total filed on the 13F, all lines: $116.6M.

Portfolio Sells Q4 2025 → Q1 2026
GOOG Alphabet Inc. Class C Reduce -4.1% 7.73% −0.50
META Meta Platforms Inc. Class A Reduce -1.1% 5.32% −0.48
UNH Unitedhealth Group Inc. Reduce -6.1% 1.40% −0.30
CVLT Commvault Systems Inc. Reduce -27.2% 0.28% −0.30
IGV iShares Expanded Tech-Softwa Reduce -5.5% 0.71% −0.22
AMZN Amazon.com Inc. Reduce -1.5% 3.86% −0.20
V Visa Inc. Class A Reduce -1.1% 1.86% −0.18
JTEK JPMorgan US Tech Leaders Reduce -5.7% 1.43% −0.17
AMKR Amkor Technology Inc. Reduce -48.8% 0.28% −0.17
SNPS Synopsys Inc. Reduce -10.2% 0.67% −0.15
NVDA Nvidia Corp. Reduce -1.7% 7.98% −0.12
QQQ Invesco QQQ Trust Series 1 Reduce -2.6% 4.95% −0.10
GOOGL Alphabet Inc. Class A Reduce -1.4% 3.21% −0.10
AAPL Apple Inc. Reduce -2.0% 2.83% −0.06
TSLA Tesla Inc. Reduce -58.5% 0.03% −0.05
SYK Stryker Corp. Reduce -31.3% 0.06% −0.03
ADBE Adobe Inc. Reduce -19.2% 0.04% −0.03
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.9% 1.43% −0.03
UMH Umh Properties Inc. Reduce -0.1% 0.82% −0.02
VMD Viemed Healthcare Inc. Reduce -27.6% 0.49% −0.02
BTCC Gryscle Bitcn HGH Inc. ETF-Ui Reduce -22.2% 0.03% −0.02
NOW ServiceNow Inc. Sold out 0.00% −0.02
AVGO Broadcom Inc. Reduce -1.0% 0.26% −0.01
CSR Centerspace Reduce -31.9% 0.03% −0.01
WFC Wells Fargo & Co. Reduce -4.5% 0.09% −0.01
IUSG iShares Core S&P U.S. Growth Reduce -0.3% 0.79% −0.01
ACN Accenture PLC Class A Reduce -27.4% 0.01% −0.01
CNP Centerpoint Energy Inc. Reduce -33.0% 0.02% −0.01
XYLD Global X S&P 500 Cove Call E Reduce -40.0% 0.01% −0.01
DAL Delta Air Lines Inc. Sold out 0.00% −0.00
OTIS Otis Worldwide Corp. Reduce -0.5% 0.07% −0.00
AWK American Water Works Co. Inc. Sold out 0.00% −0.00
GE General Electric Sold out 0.00% −0.00
VECO Veeco Instruments Inc. Sold out 0.00% −0.00
JPM JPMorgan Chase & Co. Reduce -1.9% 0.06% −0.00
AWR American States Water Co. Sold out 0.00% −0.00
GEV GE Vernova Inc. Sold out 0.00% −0.00
BRK.B Berkshire Hathaway Inc. Class B Reduce -2.3% 0.82% −0.00
SCHX Schwab US Large-Cap ETF Reduce -2.1% 0.98% −0.00
WTRG Essential Utilities Inc. Sold out 0.00% −0.00
HON Honeywell International Inc. Reduce -20.6% 0.05% −0.00
PII Polaris Inc. Sold out 0.00% −0.00
BIOA Bioage Labs Inc. Sold out 0.00% 0.00
GEHC GE Healthcare Technology Sold out 0.00% 0.00
RSP Invesco S&P 500 Equal Weight Reduce -5.8% 0.16% +0.00
VICI Vici Properties Inc. Reduce -0.8% 0.14% +0.00
SCCO Southern Copper Corp. Reduce -16.7% 0.07% +0.01
MO Altria Group Inc. Reduce -1.4% 0.04% +0.01
TSM Taiwan Semiconductor-SP ADR Reduce -6.0% 0.14% +0.01
CAT Caterpillar Inc. Reduce -15.7% 0.21% +0.02

Portfolio Buys Q4 2025 → Q1 2026
MRVL Marvell Technology Inc. Add +349.4% 0.63% +0.52
WES Western Midstream Partners L New 0.43% +0.43
BSM Black Stone Minerals LP New 0.26% +0.26
XYZ Block Inc. Add +49.9% 0.51% +0.17
MPLX MPLX LP Add +50.0% 0.37% +0.15
ET Energy Transfer LP Add +21.9% 0.32% +0.11
DDOG Datadog Inc. Class A Add +415.1% 0.09% +0.07
GPIX GLDM SA S&P 500 PR in ETF-US Add +3.0% 0.73% +0.03
TGT Target Corp. Add +181.3% 0.04% +0.03
DMLP Dorchester Minerals LP New 0.03% +0.03
KMB Kimberly-Clark Corp. Add +15.7% 0.15% +0.02
VOO Vanguard S&P 500 ETF Add +0.9% 0.73% +0.02
Q Qnity Electronics Inc. New 0.01% +0.01
CRWD CrowdStrike Holdings Inc. Class A Add +15.2% 0.35% +0.01
PANW Palo Alto Networks Inc. Add +10.7% 0.15% +0.01
ITWO Proshares R2000 Hi Incom ETF Add +7.1% 0.03% +0.00
SOLS Solstice Adv Materials Inc. New 0.00% +0.00
SCHF Schwab Intl Equity ETF Add +0.5% 0.02% +0.00
SJM The JM Smucker Co. Add +1.1% 0.02% +0.00
VTWO Vanguard Russell 2000 ETF Add +2.7% 0.00% +0.00
VXUS Vanguard Total Intl Stock New 0.00% 0.00
BUG Global X Cybersecurity ETF Add +13.2% 0.08% −0.00
ALVO Alvotech SA Add +35.3% 0.29% −0.01
INTU Intuit Inc. Add +0.6% 0.30% −0.13
SKY Champion Homes Inc. Add +1.0% 2.83% −0.14
BSX Boston Scientific Corp. Add +1.1% 0.70% −0.28
MSFT Microsoft Corp. Add +1.5% 1.61% −0.32
AXON Axon Enterprise Inc. Add +0.8% 4.16% −0.99

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 225$135.2MGOOG, NVDA, VRT, QQQ, AXON
Q1 2026 211$116.2MNVDA, GOOG, VRT, META, QQQ
Q4 2025 216$124.5MGOOG, NVDA, META, AXON, QQQ
Q3 2025 226$131.7MNVDA, GOOG, META, AXON, VRT
Q2 2025 211$122.0MNVDA, AXON, META, GOOG, QQQ
Q1 2025 222$114.9MNVDA, AXON, META, GOOG, QQQ
Q4 2024 210$144.8MNVDA, AXON, GOOG, QQQ, AAPL
Q3 2024 203$134.2MNVDA, QQQ, AXON, GOOG, AAPL
Q2 2024 219$131.2MNVDA, GOOG, QQQ, AAPL, META
Q1 2024 229$124.0MNVDA, QQQ, GOOG, AXON, META