Stocks/Funds/CIK 1911497

Ulland Investment Advisors, LLC

long-term holder
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1911497
Assets
$117M
-2.5% YoY
Holdings
209
Lifetime alpha vs market
-4.06% annual
Average hold time
3.2 yr
median 4.5 yr

Quarterly history

Cum return +22% vs S&P +45% · α -23% lifetimeAUM $117M · peak $157MFlow $-3M (-2%)2021-122022-092023-062024-032024-122025-092026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
-10.42%
trims when stocks drop
when a holding falls −10%+
Middle response
-5.24%
baseline attrition
Rally response
-3.60%
trims into rallies
when a holding rises +10%+

Top positions · 30

Ticker$ value% portYoYHold time
NVDANVIDIA Corporation$9M8.0%+60.9%4.5 yr
GOOGAlphabet Inc.$9M7.7%+84.3%4.5 yr
VRTVertiv Holdings Co$7M5.8%+247.5%2.5 yr
METAMeta Platforms, Inc.$6M5.3%-0.4%4.5 yr
QQQInvesco QQQ Trust, Serie$6M4.9%4.5 yr
JEPIJPMorgan Equity Premium $5M4.3%1.5 yr
AXONAxon Enterprise, Inc.$5M4.1%-19.3%4.5 yr
JEPQJPMorgan Nasdaq Equity P$5M4.1%1.5 yr
AMZNAmazon.com, Inc.$4M3.8%+9.5%4.5 yr
GOOGLAlphabet Inc.$4M3.2%4.5 yr
AAPLApple Inc.$3M2.8%+14.7%4.5 yr
SKYChampion Homes, Inc.$3M2.8%-21.5%4.5 yr
BRK-ABerkshire Hathaway Inc.$3M2.5%4.5 yr
SCHMSchwab U.S. Mid-Cap ETF$2M2.1%4.5 yr
VVisa Inc.$2M1.9%-13.1%4.5 yr

Portfolio composition (YoY)

Industry mix
Asset Management20.0%+0.6pp$23M
Internet Content & Information16.2%+1.6pp$19M
Semiconductors9.3%+1.9pp$11M
Asset Management - Income8.4%+1.4pp$10M
Electrical Equipment & Parts5.8%+3.1pp$7M
Aerospace & Defense4.5%-2.3pp$5M
Specialty Retail3.8%+0.2pp$4M
Software - Infrastructure3.3%+0.9pp$4M
Insurance - Diversified3.3%-0.3pp$4M
Consumer Electronics2.8%+0.1pp$3M
Country
US99.3%+0.0pp
IS0.3%
CA0.1%+0.1pp
TW0.1%+0.1pp
GB0.1%-0.0pp
Unknown0.0%-0.2pp
DE0.0%-0.0pp
CH0.0%+0.0pp
Top 5: 31.7% · Top 10: 51.3% · Top 25: 76.1%

Winners

TickerPrev $PnLYoY %
VRT$3M+0.01B247.5%
GOOG$7M+0.01B84.3%
NVDA$8M+0.01B60.9%
AAPL$3M+0.00B14.7%
SPY$3M+0.00B17.6%

Losers

TickerPrev $PnLYoY %
UNH$5M-0.00B-46.9%
AXON$8M-0.00B-19.3%
SKY$4M-0.00B-21.5%
V$3M-0.00B-13.1%
ICE$1M-0.00B-7.8%

Top buys this quarter · 15

MRVL Marvell Technology, Inc.+$1M
WES Western Midstream Partners, LPnew+$0M
MPLX MPLX Lp+$0M
ALVO Alvotech+$0M
DDOG Datadog, Inc.+$0M
BSM Black Stone Minerals, L.P.+$0M
ET Energy Transfer LP+$0M
CRWD CrowdStrike Holdings, Inc.+$0M
AXON Axon Enterprise, Inc.+$5M
DMLP Dorchester Minerals, L.P.new+$0M

Top sells this quarter · 15

VRT Vertiv Holdings Co$6M
GOOG Alphabet Inc.$0M
AMKR Amkor Technology, Inc.$0M
VMD Viemed Healthcare, Inc.$0M
NVDA NVIDIA Corporation$0M
CVLT Commvault Systems, Inc.$0M
UNH UnitedHealth Group Incorporate$0M
SNPS Synopsys, Inc.$0M
META Meta Platforms, Inc.$0M
AMZN Amazon.com, Inc.$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$117M209+23.84%+17.59%+6.25%-0.00B
2025-12-31$125M214+18.20%+17.72%+0.48%-0.01B
2025-09-30$133M224+25.62%+17.52%+8.10%-0.01B
2025-06-30$131M208+25.54%+14.94%+10.60%-0.01B
2025-03-31$120M214+9.53%+8.30%+1.23%-0.02B
2024-12-31$157M208+29.13%+24.89%+4.24%+0.01B
2024-09-30$137M200+30.86%+36.04%-5.17%-0.02B
2024-06-30$144M218+14.35%+24.49%-10.14%+0.02B
2024-03-31$125M224+19.39%+29.62%-10.23%+0.02B
2023-12-31$99M201+7.44%+26.18%-18.74%-0.00B
2023-09-30$91M211-12.60%+21.57%-34.16%-0.00B
2023-06-30$97M210+7.12%+19.42%-12.31%+0.01B
2023-03-31$85M202-21.22%-7.82%-13.40%+0.00B
2022-12-31$84M210-22.22%-18.17%-4.04%+0.00B
2022-09-30$92M213+16.11%-4.93%+21.04%-0.02B
2022-06-30$98M242-21.47%-16.11%-5.36%-0.01B