Ulland Investment Advisors, LLC

Registered adviser

CIK

1911497

Location

MINNEAPOLIS, MN

Portfolio Value

Small $140,558,859

Diversification

Diversified

Filing Date

Global Rank

#7,753 / 8,818 ▲ 11 · as of Jun 2026

Top Industry

Internet Content & Information 23.3%

Period ended 28 days ago

Filed Oct 13, 2026 · 15d

20 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 109610

Roster of Oct 1, 2026

Regulatory AUM

$442,901,942

Main clients

Individuals and high net worth (100% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$442,901,942	Individuals and high net worth (100%)
Apr 2025 to Mar 2026	$451,429,283	Individuals and high net worth (100%)
Apr 2024 to Mar 2025	$377,271,238	Individuals and high net worth (100%)
May 2023 to Mar 2024	$461,852,505	Individuals and high net worth (94%)
Apr 2023	$461,852,505	Individuals and high net worth (94%)
Apr 2022 to Mar 2023	$636,963,645	Individuals and high net worth (94%)

3 earlier changes not shown.

Stated strategy

Fundamental active, Income, Fixed income / rates, Multi-asset, Wealth management / planning Form ADV Part 2A, Jun 8, 2026 · original

In the firm's words

Fundamental active: Ulland Investment Advisors’ security analysis methods include: (1) fundamental, (2) technical, and (3) cyclical, although fundamental analysis is the primary tool.
Income: The Defensive Growth strategy seeks to provide a combination of long-term capital appreciation and current income.
Fixed income / rates: The strategy invests solely in fixed income securities, primarily in preferred stock.
Multi-asset: The strategy has the flexibility to invest across all sectors and market capitalizations, in addition to holding cash, cash equivalents, ETFs, preferred stock and other fixed income securities.
Wealth management / planning: although we do provide this service to clients, where requested, at no fee.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 60.7% of the book (60%+)

Turnover

Low turnover

9.9% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 15.6 quarters (12+)

Closest benchmark: the S&P 500 as of 2026-06-30, active share 66.7%; sector active share 29.0% against the combined 13F book's sector weights.

Over time 19 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

233 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

10.6%

−1.0 pts

Top 5

40.2%

−0.7 pts

Top 10

59.8%

−0.9 pts

HHI

466

Diversified−21

Portfolio Trend

20 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	31.3%	$43,960,546	78
Technology	19.4%	$27,254,179	29
Communication Services	16.0%	$22,508,837	5
Industrials	9.7%	$13,644,245	23
Consumer Cyclical	7.8%	$10,906,545	9
Financial Services	5.2%	$7,265,489	18
Healthcare	4.1%	$5,811,202	21
Energy	3.8%	$5,309,222	18
Consumer Defensive	1.1%	$1,503,184	12
Real Estate	1.0%	$1,407,538	4
Basic Materials	0.6%	$783,970	9
Utilities	0.1%	$203,902	7

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MIR	Mirion Technologies, Inc.	+23,035	37,845	$534,371
SLV	iShares Silver Trust	+8,900	9,600	$523,296
XYZ	Block, Inc.	+7,007	19,600	$1,441,188
BSM	Black Stone Minerals, L.P.	+6,300	30,000	$429,600
ROCQ	JPMorgan NASDAQ Equity Premium Yield ETF	+5,525	5,625	$318,262
ALVO	Alvotech	+5,500	115,000	$667,000
AMKR	Amkor Technology, Inc.	+5,415	11,920	$624,369
CPNG	Coupang, Inc.	+4,775	8,375	$116,161
UMH	Umh Properties, Inc.	+3,780	79,795	$1,228,843
CRWD	CrowdStrike Holdings, Inc.	+3,485	4,540	$1,201,965
GPIX	Goldman Sachs S&P 500 Premium Income ETF	+2,019	21,246	$1,186,164
COUR	Coursera, Inc.	+2,000	2,250	$11,160
USAC	USA Compression Partners, LP	+2,000	15,000	$373,050
QYLD	Global X NASDAQ 100 Covered Call ETF	+1,939	85,466	$1,585,394
ROCY	JPMorgan Equity Premium Yield ETF	+1,840	2,140	$117,764
BSX	Boston Scientific Corp	+1,680	20,614	$899,801
NRP	Natural Resource Partners LP	+1,500	7,000	$761,110
GLD	Spdr Gold Trust	+1,220	1,335	$508,421
DMLP	Dorchester Minerals, L.P.	+1,000	17,000	$476,680
SUN	Sunoco LP	+550	7,000	$510,090
GNRC	Generac Holdings Inc.	+515	3,140	$649,823
PAA	Plains All American Pipeline LP	+500	12,000	$284,640
BTCC	Grayscale Bitcoin Covered Call ETF	+500	2,500	$33,600
LFCR	Lifecore Biomedical, Inc. De	+500	1,000	$6,580
KMB	Kimberly Clark Corp	+415	2,225	$216,781
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VMD	Viemed Healthcare, Inc.	−12,675	15,870	$144,417
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	−2,969	86,397	$5,292,680
SCHM	Schwab U.S. Mid-Cap ETF	−1,410	78,131	$2,658,016
SCHX	Schwab U.S. Large-Cap ETF	−1,242	41,710	$1,251,300
SMMD	iShares Russell 2500 ETF	−535	16,674	$1,425,960
SKY	Champion Homes, Inc.	−442	44,715	$3,832,075
NVDA	Nvidia Corp	−436	51,423	$11,743,984
JTEK	JPMorgan U.S. Tech Leaders ETF	−394	20,100	$2,114,419
IUSG	iShares Core S&P U.S. Growth ETF	−385	5,005	$969,718
GOOG	Alphabet Inc.	−380	30,680	$10,453,903
XOM	ExxonMobil Holdings Corp	−366	4,193	$682,410
JEPI	JPMorgan Equity Premium Income ETF	−322	91,673	$5,153,856
VICI	Vici Properties Inc.	−275	5,775	$132,651
ICE	Intercontinental Exchange, Inc.	−273	9,087	$1,381,496
AXON	Axon Enterprise, Inc.	−230	10,965	$4,632,931
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	−200	7,770	$477,855
AMLP	Alerian MLP ETF	−200	16,280	$844,443
SPLV	Invesco S&P 500 Low Volatility ETF	−200	225	$15,864
—		−175	2,430	$0
USB	US Bancorp De	−167	1,188	$68,618
JUST	Goldman Sachs JUST U.S. Large Cap Equity ETF	−150	3,970	$432,817
DSI	iShares ESG MSCI KLD 400 ETF	−145	3,730	$545,251
IGV	iShares Expanded Tech-Software Sector ETF	−144	9,658	$1,028,383
AAPL	Apple Inc.	−136	12,615	$4,201,047
OTIS	Otis Worldwide Corp	−122	921	$59,238
No positions match the current search.

New Positions

Positions the filer opened this quarter

13 positions

Ticker	Company	Shares	Value
STIP	iShares 0-5 Year TIPS Bond ETF	44,000	$4,386,800
RGLD	Royal Gold Inc	874	$206,264
GDX	VanEck Gold Miners ETF	1,852	$162,605
GDXJ	VanEck Junior Gold Miners ETF	1,200	$136,740
CECO	Ceco Environmental Corp	1,425	$99,237
DTE	Dte Energy Co	585	$71,253
TEM	Tempus AI, Inc.	500	$40,950
DTM	DT Midstream, Inc.	326	$38,947
LMND	Lemonade, Inc.	100	$4,514
DOUG	Douglas Elliman Inc.	2,000	$3,040
EROC	ERock, Inc.	244	$2,991
SPCX	Space Exploration Technologies Corp	14	$2,112
RSPA		40	$2,062
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
SGVT		400	$40,296
ADBE	Adobe Inc.	118	$24,192
SAP	Sap SE	100	$15,411
ITOT	iShares Core S&P Total U.S. Stock Market ETF	85	$13,962
RDDT	Reddit, Inc.	41	$7,116
FTGC	First Trust Global Tactical Commodity Strategy Fund	130	$4
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

233 tracked positions · $140,558,859 total · filing declares 234 positions · $142,281 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 233 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	51,423	-436	$11,743,984	+13.2%	8.36%
GOOG	Alphabet Inc. Communication Services	Reduced	30,680	-380	$10,453,903	−4.7%	7.44%
META	Meta Platforms, Inc. Communication Services	Reduced	10,542	-98	$7,644,847	+27.6%	5.44%
QQQ	Invesco Qqq Trust, Series 1	Reduced	9,451	-77	$6,991,566	−0.4%	4.97%
VRT	Vertiv Holdings Co Industrials	Reduced	26,289	-97	$6,343,798	−28.2%	4.51%
AMZN	Amazon Com Inc Consumer Cyclical	Held	21,457	0	$5,346,011	+4.5%	3.80%
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	Reduced	86,397	-2,969	$5,292,680	−3.6%	3.77%
JEPI	JPMorgan Equity Premium Income ETF	Reduced	91,673	-322	$5,153,856	−0.8%	3.67%
AXON	Axon Enterprise, Inc. Industrials	Reduced	10,965	-230	$4,632,931	−26.2%	3.30%
STIP	iShares 0-5 Year TIPS Bond ETF	NEW	44,000	NEW	$4,386,800	NEW	3.12%
GOOGL	Alphabet Inc. Communication Services	Reduced	12,743	-50	$4,384,611	−4.1%	3.12%
AAPL	Apple Inc. Technology	Reduced	12,615	-136	$4,201,047	+13.9%	2.99%
SKY	Champion Homes, Inc. Consumer Cyclical	Reduced	44,715	-442	$3,832,075	−3.7%	2.73%
MSFT	Microsoft Corp Technology	Added	5,404	+55	$2,771,711	+38.9%	1.97%
SCHM	Schwab U.S. Mid-Cap ETF	Reduced	78,131	-1,410	$2,658,016	−9.4%	1.89%
V	Visa Inc. Financial Services	Reduced	7,029	-95	$2,525,730	+3.3%	1.80%
UNH	Unitedhealth Group Inc Healthcare	Reduced	5,839	-85	$2,143,380	−12.9%	1.52%
JTEK	JPMorgan U.S. Tech Leaders ETF	Reduced	20,100	-394	$2,114,419	−7.5%	1.50%
MRVL	Marvell Technology, Inc. Technology	Added	7,450	+395	$1,968,364	−6.3%	1.40%
SPY	Spdr S&P 500 ETF Trust	Reduced	2,463	-39	$1,878,357	+0.5%	1.34%
QYLD	Global X NASDAQ 100 Covered Call ETF	Added	85,466	+1,939	$1,585,394	+3.0%	1.13%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	8,130	-9	$1,498,277	−16.5%	1.07%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	2	0	$1,494,010	−0.2%	1.06%
XYZ	Block, Inc. Technology	Added	19,600	+7,007	$1,441,188	+50.6%	1.03%
SMMD	iShares Russell 2500 ETF	Reduced	16,674	-535	$1,425,960	−9.6%	1.01%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	9,087	-273	$1,381,496	+19.9%	0.98%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	41,710	-1,242	$1,251,300	−1.0%	0.89%
UMH	Umh Properties, Inc. Real Estate	Added	79,795	+3,780	$1,228,843	+6.8%	0.87%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	4,540	+3,485	$1,201,965	+49.3%	0.86%
GPIX	Goldman Sachs S&P 500 Premium Income ETF	Added	21,246	+2,019	$1,186,164	+11.0%	0.84%
IGV	iShares Expanded Tech-Software Sector ETF	Reduced	9,658	-144	$1,028,383	+15.8%	0.73%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	2,057	+75	$1,024,283	+3.3%	0.73%
VOO	VANGUARD 500 INDEX FUND	Added	1,432	+12	$1,003,631	+2.9%	0.71%
IUSG	iShares Core S&P U.S. Growth ETF	Reduced	5,005	-385	$969,718	−4.3%	0.69%
SNPS	Synopsys Inc Technology	Added	2,073	+93	$901,630	+2.1%	0.64%
BSX	Boston Scientific Corp Healthcare	Added	20,614	+1,680	$899,801	+11.3%	0.64%
AMLP	Alerian MLP ETF	Reduced	16,280	-200	$844,443	—	0.60%
NRP	Natural Resource Partners LP Energy	Added	7,000	+1,500	$761,110	+42.7%	0.54%
XOM	ExxonMobil Holdings Corp Energy	Reduced	4,193	-366	$682,410	+9.5%	0.49%
ALVO	Alvotech Healthcare	Added	115,000	+5,500	$667,000	+65.1%	0.47%
WES	Western Midstream Partners, LP Energy	Added	15,000	+350	$665,550	+3.8%	0.47%
GNRC	Generac Holdings Inc. Industrials	Added	3,140	+515	$649,823	−15.5%	0.46%
AMKR	Amkor Technology, Inc. Technology	Added	11,920	+5,415	$624,369	+11.3%	0.44%
COST	Costco Wholesale Corp Consumer Defensive	Held	617	0	$561,679	−2.7%	0.40%
DSI	iShares ESG MSCI KLD 400 ETF	Reduced	3,730	-145	$545,251	−1.2%	0.39%
MIR	Mirion Technologies, Inc. Industrials	Added	37,845	+23,035	$534,371	+101.2%	0.38%
SLV	iShares Silver Trust	Added	9,600	+8,900	$523,296	+1298.1%	0.37%
SUN	Sunoco LP Energy	Added	7,000	+550	$510,090	+17.2%	0.36%
GLD	Spdr Gold Trust	Added	1,335	+1,220	$508,421	+1100.2%	0.36%
INTU	Intuit Inc. Technology	Added	1,821	+65	$502,067	+9.5%	0.36%

Showing the top 50 of 233 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.