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Portfolio (Quarterly) Guide ↗

Ulland Investment Advisors, LLC

· CIK 0001911497
13F Portfolio $125M AUM 218 positions Filed Jan 8, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 5 New 30 Added 52 Reduced 15 Exited
Page 6 of 11  ·  218 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 ADBE Adobe Systems, Inc. Technology 234.0 $82K 0.07% -164.0 -41.2% $350.43 -30.3%
102 LOUP Innovator Deepwater Frontier Tech ETF 1,000.0 $76K 0.06% $76.00 +14.6%
103 AIQ Global X Artificial Intelligence & Technology ETF 1,450.0 $74K 0.06% $51.03 +22.7%
104 CCJ Cameco Corporation Energy 800.0 $73K 0.06% NEW $91.25 +15.4%
105 USB U.S. Bancorp Financial Services 1,355.0 $72K 0.06% $53.14 +2.6%
106 IVV iShares Core S&P 500 ETF 98.0 $67K 0.05% -5.0 -4.8% $683.67 +9.1%
107 WMT Walmart, Inc. Consumer Defensive 585.0 $65K 0.05% $111.11 +17.8%
108 HON Honeywell International, Inc. Industrials 320.0 $62K 0.05% +110.0 +52.4% $193.75 +15.5%
109 PEP Pepsico, Inc. Consumer Defensive 428.0 $61K 0.05% $142.52 +4.4%
110 CRM Salesforce.com, Inc. Technology 227.0 $60K 0.05% -61.0 -21.2% $264.32 -33.3%
111 BTCC Grayscale Funds Trust Grayscale ETF 2,700.0 $58K 0.05% $21.48 -22.8%
112 APG APi Group Corporation Industrials 1,500.0 $57K 0.05% $38.00 +9.2%
113 MA Mastercard Incorporated Financial Services 98.0 $56K 0.04% $571.43 -12.6%
114 WPM Wheaton Precious Metals Corporation Basic Materials 470.0 $55K 0.04% $117.02 +8.7%
115 VIG Vanguard Dividend Appreciation Index Fund ETF 240.0 $53K 0.04% $220.83 +4.6%
116 EW Edwards Life Sciences Healthcare 615.0 $52K 0.04% $84.55 -1.6%
117 CSR Centerspace Real Estate 734.0 $49K 0.04% $66.76 +1.0%
118 VPU Vanguard Utilities ETF 245.0 $45K 0.04% $183.67 +6.1%
119 VUG Vanguard Growth ETF 90.0 $44K 0.04% $488.89 -82.1%
120 MO Altria Group, Inc. Consumer Defensive 742.0 $43K 0.03% $57.95 +27.2%
Page 6 of 11  ·  218 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Communication Services 23.6%
Technology 22.5%
Industrials 15.1%
Financial Services 14.3%
Consumer Cyclical 12.0%
Healthcare 6.7%
Energy 2.2%
Consumer Defensive 1.4%
Real Estate 1.4%
Basic Materials 0.5%