CIK: 0002032121
Total reported value
$150.8M
Reporting period: 2025-12-31 · Number of holdings: 48
SAGE ADVISORS, LLC disclosed 48 holdings in its latest 13F filing for the period ending 2025-12-31, with total reported value of $150.8M and a quarterly turnover rate of 26.8%.
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Sage Advisors, LLC's disclosed holdings carry a Herfindahl concentration index of 0.086 — mathematically equivalent to about 12 equally-sized positions, well below its 48 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.79), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 35% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add LLY
-0.2% $6.0M
Trim OBDC
-6.4% -$2.5M
Trim ARCC
-7.6% -$1.8M
Add NLY
+63.9% $3.2M
Trim BNL
-3.0% -$903.2K
Trim FSK
-48.9% -$1.7M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | OBDC | Blue Owl Capital CORP | Stock-Financials | 16.99% | -3.17% | -6.43% | |
| 2 | LLY | Eli Lilly & Co | Stock-Healthcare | 13.82% | +3.20% | -0.17% | |
| 3 | ARCC | Ares Capital CORP | Stock-Financials | 12.82% | -2.30% | -7.59% | |
| 4 | BNL | Broadstone Net Lease INC | Stock-Real Estate | 9.93% | -1.45% | -2.97% | |
| 5 | NLY | Annaly Capital Management In | Stock-Real Estate | 4.75% | +1.92% | +63.92% | |
| 6 | AAPL | Apple INC | Stock-Tech | 4.74% | -0.14% | -1.75% | |
| 7 | AMZN | Amazon.com INC | Stock-Consumer Disc | 4.43% | +0.31% | +10.41% | |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 3.25% | -0.42% | -4.05% | |
| 9 | MO | Altria Group INC | Stock-Consumer Staples | 2.82% | -0.28% | +12.36% | |
| 10 | NVDA | Nvidia CORP | Stock-Tech | 2.53% | -0.13% | +3.01% | |
| 11 | ENB | Enbridge INC | Stock-Energy | 2.47% | +2.47% | NEW | |
| 12 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.73% | +0.01% | +6.26% | |
| 13 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.62% | +0.09% | +11.89% | |
| 14 | HTGC | Hercules Capital INC | Stock-Financials | 1.50% | +0.71% | +106.74% | |
| 15 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 1.48% | +0.08% | +10.29% | |
| 16 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.31% | — | +12.10% | |
| 17 | MSFT | Microsoft CORP | Stock-Tech | 1.22% | -0.17% | +1.41% | |
| 18 | FSK | Fs Kkr Capital CORP | Stock-Financials | 1.18% | -1.33% | -48.91% | |
| 19 | IBM | Intl Business Machines CORP | Stock-Tech | 1.04% | -0.03% | +0.49% | |
| 20 | PWR | Quanta Services INC | Stock-Industrials | 0.83% | +0.83% | NEW | |
| 21 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.68% | +0.35% | +117.55% | |
| 22 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.59% | +0.17% | +18.63% | |
| 23 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 0.52% | +0.52% | NEW | |
| 24 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 0.51% | +0.51% | NEW | |
| 25 | ASTS | Ast Spacemobile INC | Stock-Tech | 0.46% | +0.20% | +27.61% | |
| 26 | HPE | Hewlett Packard Enterprise | Stock-Tech | 0.45% | — | +0.57% | |
| 27 | TSLA | Tesla INC | Stock-Consumer Disc | 0.41% | +0.08% | +35.29% | |
| 28 | AVGO | Broadcom INC | Stock-Tech | 0.41% | — | -0.17% | |
| 29 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 0.41% | +0.41% | NEW | |
| 30 | OHI | Omega Healthcare Investors | Stock-Real Estate | 0.39% | +0.13% | +51.61% | |
| 31 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-Other | 0.38% | +0.38% | NEW | |
| 32 | IGIB | Ishares 5-10y Inv Grade CORP | ETF-Corp Bonds | 0.38% | +0.38% | NEW | |
| 33 | IGLB | Ishares 10+ Year Inv Gr CORP | ETF-Other | 0.38% | +0.38% | NEW | |
| 34 | HPQ | Hp INC | Stock-Tech | 0.38% | -0.19% | -13.04% | |
| 35 | EPD | Enterprise Products Partners | Stock-Energy | 0.37% | -0.16% | -25.07% | |
| 36 | ARES | Ares Management CORP - A | Stock-Financials | 0.36% | -0.01% | +5.16% | |
| 37 | RKT | Rocket Cos Inc-class A | Stock-Financials | 0.35% | +0.35% | NEW | |
| 38 | BLK | Blackrock INC | Stock-Financials | 0.32% | -0.05% | -0.67% | |
| 39 | OWL | Blue Owl Capital INC | Stock-Financials | 0.27% | — | +14.96% | |
| 40 | GLXY | Galaxy Digital Inc-a | Stock-Other | 0.26% | — | +69.14% | |
| 41 | CAT | Caterpillar INC | Stock-Industrials | 0.22% | +0.22% | NEW | |
| 42 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.21% | -0.74% | -74.32% | |
| 43 | NEE | Nextera Energy INC | Stock-Utilities | 0.21% | +0.03% | +18.65% | |
| 44 | ✓ | Stock-Other | 0.16% | +0.16% | NEW | ||
| 45 | GLD | Spdr Gold Shares | ETF-Commodities | 0.15% | +0.15% | NEW | |
| 46 | MCK | Mckesson CORP | Stock-Healthcare | 0.14% | +0.14% | NEW | |
| 47 | VELO | Velo3d INC | Stock-Other | 0.10% | +0.10% | NEW | |
| 48 | RDW | Redwire CORP | Stock-Other | 0.05% | +0.05% | NEW |
Performance for Q3 2026
+5.4%
Performance Last 4 Quarters
+13.2%
Based on 55% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2025-12-31 | 48 | $150.8M | 27 | |
| 2025-09-30 | 39 | $139.6M | 22 | |
| 2025-06-30 | 36 | $140.1M | 0 | |
| 2025-03-31 | 32 | $142.1M | 0 | |
| 2024-12-31 | 28 | $133.9M | 0 | |
| 2024-09-30 | 25 | $127.0M | 0 | |
| 2024-06-30 | 25 | $123.0M | 0 | |
| 2024-03-31 | 25 | $112.4M | 0 | |
| 2023-12-31 | 27 | $100.7M | 0 |
Sage Advisors, LLC's most significant position changes for 2025-12-31: Sold out: Oneok INC (OKE); New buy: Enbridge INC (ENB); New buy: Quanta Services INC (PWR); New buy: Ishares 0-3 Month Treasury B (SGOV); New buy: Ishares 7-10 Year Treasury B (IEF).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +3.2% | -0.17% | Trim |
| 2 | NLY | Annaly Capital Management In | +1.9% | +63.92% | Add |
| 3 | HTGC | Hercules Capital INC | +0.7% | +106.74% | Add |
| 4 | JPM | Jpmorgan Chase & Co | +0.4% | +117.55% | Add |
| 5 | AMZN | Amazon.com INC | +0.3% | +10.41% | Add |
| 6 | ASTS | Ast Spacemobile INC | +0.2% | +27.61% | Add |
| 7 | GOOGL | Alphabet Inc-cl A | +0.2% | +18.63% | Add |
| 8 | OHI | Omega Healthcare Investors | +0.1% | +51.61% | Add |
| 9 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | +11.89% | Add |
| 10 | DIA | Ss Spdr Dow Jones Indus Avg | +0.1% | +10.29% | Add |
| 11 | TSLA | Tesla INC | +0.1% | +35.29% | Add |
| 12 | NEE | Nextera Energy INC | 0% | +18.65% | Add |
| 13 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +6.26% | Add |
| 14 | GLXY | Galaxy Digital Inc-a | — | +69.14% | Add |
| 15 | ARES | Ares Management CORP - A | 0% | +5.16% | Add |
| 16 | IBM | Intl Business Machines CORP | 0% | +0.49% | Add |
| 17 | BLK | Blackrock INC | -0.1% | -0.67% | Trim |
| 18 | NVDA | Nvidia CORP | -0.1% | +3.01% | Add |
| 19 | AAPL | Apple INC | -0.1% | -1.75% | Trim |
| 20 | EPD | Enterprise Products Partners | -0.2% | -25.07% | Trim |
| 21 | MSFT | Microsoft CORP | -0.2% | +1.41% | Add |
| 22 | HPQ | Hp INC | -0.2% | -13.04% | Trim |
| 23 | MO | Altria Group INC | -0.3% | +12.36% | Add |
| 24 | BRK-B | Berkshire Hathaway Inc-cl B | -0.4% | -4.05% | Trim |
| 25 | COST | Costco Wholesale CORP | -0.7% | -74.32% | Trim |
| 26 | FSK | Fs Kkr Capital CORP | -1.3% | -48.91% | Trim |
| 27 | BNL | Broadstone Net Lease INC | -1.5% | -2.97% | Trim |
| 28 | ARCC | Ares Capital CORP | -2.3% | -7.59% | Trim |
| 29 | OBDC | Blue Owl Capital CORP | -3.2% | -6.43% | Trim |
| 30 | OKE | Oneok INC | — | EXIT | Sold out |
| 31 | ENB | Enbridge INC | — | NEW | New buy |
| 32 | PWR | Quanta Services INC | — | NEW | New buy |
| 33 | SGOV | Ishares 0-3 Month Treasury B | — | NEW | New buy |
| 34 | IEF | Ishares 7-10 Year Treasury B | — | NEW | New buy |
| 35 | TLT | Ishares 20+ Year Treasury Bd | — | NEW | New buy |
| 36 | IGSB | Ishares 1-5y Inv Grade CORP | — | NEW | New buy |
| 37 | IGIB | Ishares 5-10y Inv Grade CORP | — | NEW | New buy |
| 38 | IGLB | Ishares 10+ Year Inv Gr CORP | — | NEW | New buy |
| 39 | RKT | Rocket Cos Inc-class A | — | NEW | New buy |
| 40 | COIN | Coinbase Global INC -class A | — | EXIT | Sold out |
| 41 | CAT | Caterpillar INC | — | NEW | New buy |
| 42 | CRM | Salesforce INC | — | EXIT | Sold out |
| 43 | ✓ | — | NEW | New buy | |
| 44 | ORCL | Oracle CORP | — | EXIT | Sold out |
| 45 | GLD | Spdr Gold Shares | — | NEW | New buy |
| 46 | MCK | Mckesson CORP | — | NEW | New buy |
| 47 | VELO | Velo3d INC | — | NEW | New buy |
| 48 | RDW | Redwire CORP | — | NEW | New buy |
| 49 | ✓ | Skyline Bldrs Group Hldg LTD | — | EXIT | Sold out |
| 50 | ✓ | Sealsq CORP | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2025-12-31 | 2026-01-13 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-22 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-28 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-25 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-30 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-06 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-09-27 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-09-27 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-09-20 | 13F-HR | View on EDGAR |
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