Ulland Investment Advisors, LLC

Q4 2025 13F-HR Holdings

Location
Minneapolis, MN
Holdings as of
12/31/2025
Date filed
1/8/2026
Form type
13F-HR
Num holdings
218
Total value ($000)
$124,931
Net value change ($000)
-7,896 (-5.9%)
New positions
5
Sold out positions
15
Turnover %
0.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: 4/27/2026 SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ICE 509 48.2%
ALVO 280 304.3%
GNRC 248 195.3%
UMH 172 19.5%
SUN 162 162.0%
KMB 161 NEW
VMD 139 28.0%
SKY 133 3.7%
IQQQ 125 833.3%
EPD 124 124.0%
Top Reduces (Value $000, Stocks/ETFs)
NVDA -2,711 -21.2%
META -1,297 -15.2%
AXON -1,234 -16.1%
GOOGL -622 -13.1%
VRT -592 -9.2%
UNH -481 -18.5%
CVLT -399 -35.8%
MSFT -286 -10.6%
LOW -219 -9.7%
GOOGL -217 -2.1%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type