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Ulland Investment Advisors, LLC — 13F Holdings & Portfolio

CIK 1911497 · latest 13F-HR filed 2026-10-13

Backtest portfolio

Ulland Investment Advisors, LLC manages $142.3M in 13F-reported U.S. long-equity assets across 234 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are NVDA (8.25%), GOOG (7.35%), META (5.37%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 13 new positions and exited 6; 69 existing positions rose in reported value and 68 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$142.3M

Long-equity book

Holdings
234

Distinct positions

Period
2026-09-30

Filed 2026-10-13

Q/Q Activity
+13 / −6 / ↑69 / ↓68

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
NVDA8.3% · -1%GOOG7.3% · -1%META5.4% · -1%QQQ4.9% · -1%VRT4.5% · -0%AMZN3.8% · 0%JEPQ3.7% · -3%JEPI3.6% · -0%AXON3.3% · -2%STIP3.1% · newGOOGL3.1% · -0%AAPL3.0% · -1%SKY2.7% · -1%MSFT1.9% · +1%SCHM1.9% · -2%V1.8% · -1%UNH1.5% · -1%JTEK1.5% · -2%MRVL1.4% · +6%SPY1.3% · -2%QYLD1.1% · +2%LOW1.1% · -0%BRK.A1.1% · 0%XYZ1.0% · +56%SMMD1.0% · -3%ICE1.0% · -3%SCHX0.9% · -3%UMH0.9% · +5%CRWD0.8% · +330%GPIX0.8% · +10%IGV0.7% · -2%BRK.B0.7% · +4%VOO0.7% · +1%IUSG0.7% · -7%SNPS0.6% · +5%BSX0.6% · +9%AMLP0.6% · -1%NRP0.5% · +27%XOM0.5% · -8%ALVO0.5% · +5%WES0.5% · +2%GNRC0.5% · +20%AMKR0.4% · +83%PSI0.4% · 0%COST0.4% · 0%DSI0.4% · -4%MIR0.4% · +156%SLV0.4% · +1271%SUN0.4% · +8%GLD0.4% · +1061%INTU0.4% · +4%ET0.3% · 0%XLE0.3% · -2%DMLP0.3% · +6%JUST0.3% · -4%BSM0.3% · +27%PANW0.3% · 0%MPLX0.3% · 0%RTX0.3% · 0%LNTH0.3% · -2%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 47.8%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Jun 8, 2026.

Assets Under Management
$442.9M
Discretionary
$442.9M
Employees
5
Accounts
211
Address
4550 IDS CENTER
80 S 8TH STREET
MINNEAPOLIS, MN 55402
Phone
(612) 312-1400
Website
This firm reports 1 disclosure item on its registration.
Name Title / Status Ownership Type
Beebe, Nathaniel, J. ControlPRESIDENT
since Oct 2024
75% or moreIndividual
PLOTZ, JARED, PERRY ControlDIRECTOR OF RESEARCH
since Jan 2017
10–25%Individual
Skjong, James, Robin Goodfellow ControlCHIEF COMPLIANCE OFFICER
since Jan 2006
10–25%Individual
Ownership & leadership changes · 4 filings with changes since Feb 14, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 28, 2025 filing
  • No longer listedULLAND, JAMES, EDWARD · CHIEF EXECUTIVE OFFICER · 50–75% · control person · listed since Jul 1997
  • ChangedBeebe, Nathaniel, J. · ownership 25–50% → 75% or more
  • ChangedPLOTZ, JARED, PERRY · ownership 5–10% → 10–25%
  • ChangedSkjong, James, Robin Goodfellow · ownership 5–10% → 10–25%
Nov 8, 2024 filing
  • ChangedBeebe, Nathaniel, J. · title PORTFOLIO MANAGER → PRESIDENT; ownership 10–25% → 25–50%
  • ChangedPLOTZ, JARED, PERRY · ownership Less than 5% → 5–10%
  • ChangedSkjong, James, Robin Goodfellow · ownership Less than 5% → 5–10%
  • ChangedULLAND, JAMES, EDWARD · title PRESIDENT → CHIEF EXECUTIVE OFFICER; ownership 75% or more → 50–75%
Mar 30, 2020 filing
  • AddedBeebe, Nathaniel, J. · PORTFOLIO MANAGER · 10–25% · control person
  • AddedPLOTZ, JARED, PERRY · DIRECTOR OF RESEARCH · Less than 5% · control person
  • ChangedSkjong, James, Robin Goodfellow · now a control person
Jan 24, 2017 filing
  • AddedSkjong, James, Robin Goodfellow · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedULLAND, JAMES, EDWARD · title PRESIDENT/CHIEF COMPLIANCE OFFICER → PRESIDENT
Feb 14, 2012 filing (earliest on record)
  • ListedULLAND, JAMES, EDWARD · PRESIDENT/CHIEF COMPLIANCE OFFICER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Ulland Investment Advisors, LLC Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVidia Corporation NVDA 67066G104 $11.7M 8.25% 51,423 SH
2 Alphabet, Inc. GOOG 02079K107 $10.5M 7.35% 30,680 SH
3 Meta Platforms, Inc. META 30303M102 $7.6M 5.37% 10,542 SH
4 Invesco QQQ Trust ETF QQQ 46090E103 $7.0M 4.91% 9,451 SH
5 Vertiv Holdings, Co. VRT 92537N108 $6.3M 4.46% 26,289 SH
6 Amazon.com, Inc. AMZN 023135106 $5.3M 3.76% 21,457 SH
7 J.P. Morgan Nasdaq Equity Premium Income ETF JEPQ 46654Q203 $5.3M 3.72% 86,397 SH
8 J.P. Morgan Equity Premium Income ETF JEPI 46641Q332 $5.2M 3.62% 91,673 SH
9 Axon Enterprise, Inc. AXON 05464C101 $4.6M 3.26% 10,965 SH
10 iShares 0-5 Year TIPS Bond ETF STIP 46429B747 $4.4M 3.08% 44,000 SH
11 Alphabet, Inc. GOOGL 02079K305 $4.4M 3.08% 12,743 SH
12 Apple, Inc. AAPL 037833100 $4.2M 2.95% 12,615 SH
13 Skyline Champion Corporation SKY 830830105 $3.8M 2.69% 44,715 SH
14 Microsoft Corporation MSFT 594918104 $2.8M 1.95% 5,404 SH
15 Schwab U.S. Mid-Cap ETF SCHM 808524508 $2.7M 1.87% 78,131 SH
16 Visa, Inc. V 92826C839 $2.5M 1.78% 7,029 SH
17 UnitedHealth Group, Inc. UNH 91324P102 $2.1M 1.51% 5,839 SH
18 J.P. Morgan U.S. Tech Leaders ETF JTEK 46654Q732 $2.1M 1.49% 20,100 SH
19 Marvell Technology, Inc. MRVL 573874104 $2.0M 1.38% 7,450 SH
20 SPDR S&P 500 ETF SPY 78462F103 $1.9M 1.32% 2,463 SH
21 Global X NASDAQ 100 Covered Call ETF QYLD 37954Y483 $1.6M 1.11% 85,466 SH
22 Lowe's Companies, Inc. LOW 548661107 $1.5M 1.05% 8,130 SH
23 Berkshire Hathaway Inc. BRK.A 084670108 $1.5M 1.05% 2 SH
24 Block, Inc. XYZ 852234103 $1.4M 1.01% 19,600 SH
25 iShares Russell 2500 ETF SMMD 46435G268 $1.4M 1.00% 16,674 SH
26 Intercontinental Exchange, Inc. ICE 45866F104 $1.4M 0.97% 9,087 SH
27 Schwab U.S. Large-Cap ETF SCHX 808524201 $1.3M 0.88% 41,710 SH
28 UMH Properties, Inc. UMH 903002103 $1.2M 0.86% 79,795 SH
29 CrowdStrike Holdings, Inc. CRWD 22788C105 $1.2M 0.84% 4,540 SH
30 Goldman Sachs S&P 500 Core Premium Income ETF GPIX 38149W622 $1.2M 0.83% 21,246 SH
31 iShares Expanded Tech-Software Sector ETF IGV 464287515 $1.0M 0.72% 9,658 SH
32 Berkshire Hathaway, Inc. BRK.B 084670702 $1.0M 0.72% 2,057 SH
33 Vanguard S&P 500 ETF VOO 922908363 $1.0M 0.71% 1,432 SH
34 iShares Core S&P U.S. Growth ETF IUSG 464287671 $970.0K 0.68% 5,005 SH
35 Synopsys, Inc. SNPS 871607107 $902.0K 0.63% 2,073 SH
36 Boston Scientific Group BSX 101137107 $900.0K 0.63% 20,614 SH
37 Alerian MLP ETF AMLP 00162Q452 $844.0K 0.59% 16,280 SH
38 Natural Resource Partners L.P. NRP 63900P608 $761.0K 0.53% 7,000 SH
39 Exxon Mobil Corporation XOM 30233Q108 $682.0K 0.48% 4,193 SH
40 Alvotech ALVO L01800108 $667.0K 0.47% 115,000 SH
41 Western Midstream Partners, LP WES 958669103 $666.0K 0.47% 15,000 SH
42 Generac Holdings Inc. GNRC 368736104 $650.0K 0.46% 3,140 SH
43 Amkor Technology, Inc. AMKR 031652100 $624.0K 0.44% 11,920 SH
44 Invesco Dynamic Semiconductors ETF PSI 46137V647 $591.0K 0.42% 3,877 SH
45 Costco Wholesale Corporation COST 22160K105 $562.0K 0.39% 617 SH
46 iShares MSCI KLD 400 Social ETF DSI 464288570 $545.0K 0.38% 3,730 SH
47 Mirion Technologies, Inc. MIR 60471A101 $534.0K 0.38% 37,845 SH
48 iShares Silver Trust SLV 46428Q109 $523.0K 0.37% 9,600 SH
49 Sunoco L.P. SUN 86765K109 $510.0K 0.36% 7,000 SH
50 SPDR Gold Trust Index GLD 78463V107 $508.0K 0.36% 1,335 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-13 $142.3M 234 0001911497-26-000005
2026-06-30 2026-07-16 $135.6M 227 0001911497-26-000004
2026-03-31 2026-04-27 $116.6M 213 0001911497-26-000002
2025-12-31 2026-01-08 $124.9M 218 0001911497-26-000001
Filer Information
Address
80 SOUTH 8TH ST.
4550 IDS CENTER
MINNEAPOLIS, MN 55402
Phone
(612) 312-1400
Filing Manager
Ulland Investment Advisors, LLC
MINNEAPOLIS, MN
Signatory
James RG Skjong
Director of Trading, Compliance & Operations