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

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#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
21	MRVL	Marvell Technology, Inc.	Technology	1,650.0	$140K	0.11%	+450.0	+37.5%	$84.85	+143.1%
22	RYLD	Global X Russell 2000 Covered Call ETF	—	8,300.0	$127K	0.10%	+300.0	+3.8%	$15.30	+5.3%
23	HON	Honeywell International, Inc.	Industrials	320.0	$62K	0.05%	+110.0	+52.4%	$193.75	+15.0%
24	DLR	Digital Realty Trust, Inc.	Real Estate	245.0	$38K	0.03%	+20.0	+8.9%	$155.10	+13.5%
25	LGLV	SPDR SSGA US Large Cap Low Volatility ETF	—	212.0	$37K	0.03%	+25.0	+13.4%	$174.53	+4.8%
26	NEE	NextEra Energy, Inc.	Utilities	444.0	$36K	0.03%	+50.0	+12.7%	$81.08	+9.9%
27	SJM	J.M. Smucker Company	Consumer Defensive	261.0	$26K	0.02%	+2.0	+0.8%	$99.62	+9.4%
28	NOW	ServiceNow, Inc.	Technology	130.0	$20K	0.02%	+104.0	+400.0%	$153.85	-31.9%
29	NFLX	Netflix, Inc.	Communication Services	140.0	$13K	0.01%	+126.0	+900.0%	$92.86	-20.7%
30	XLK	The Technology Select Sector SPDR ETF	—	34.0	$5K	0.00%	+17.0	+100.0%	$147.06	+23.5%

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① 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%