SAGE ADVISORS, LLC

CIK 2032121 · View on SEC EDGAR ↗

Portfolio value
$150.8M
#7,371 of 9,443 by 13F value · top 78.1%
Positions
48
As of
Dec. 31, 2025 Data as of Q4 2025

Portfolio value QoQ: +8.1% 13F does not disclose cash

Top 10 holdings weight
76.08%
Top 25 holdings weight
93.22%
Positions above 1%
19
Effective number of positions
11.6

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q4 2025: 8.32% Est. buys $18,187,023 · sells $12,082,505

Median holding: 3.0 quarters Tracked Q4 2024–Q4 2025 · 80.0% still held

New positions
15
Increased
21
Decreased
12
Closed
6
On this page

Performance vs S&P 500

Tracked Q4 2024–Q4 2025
+6.7%
S&P 500 total return (same window)
+17.9%
Excess return
-11.1%

Annualized: +6.7% · S&P 500: +17.9%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 95.3% · Options excluded: 0.0%

Sector breakdown

Financial Services
34.0%
Real Estate
15.1%
Healthcare
14.0%
Technology
10.8%
Retail
4.6%
Consumer Staples
2.8%
Energy
2.8%
Communication Services
1.9%
Industrials
1.2%
Financials
0.7%
Telecommunication
0.5%
Consumer Discretionary
0.4%
Utilities
0.2%
N/A
0.2%
Other/Unmapped
10.8%

Full portfolio 48 positions

Type Streak 8Q trend
OBDC Blue Owl Capital Corporation Common Stock $25,630,029 16.99% 2,061,949 $-2,511,783 Down ×2
LLY Eli Lilly and Company Common Stock $20,845,273 13.82% 19,397 $6,020,136 Down ×1
ARCC Ares Capital Corporation - Closed End Fund $19,330,743 12.82% 955,548 $-1,772,757 Down ×2
BNL Broadstone Net Lease, Inc. Common Stock $14,978,433 9.93% 862,316 $-903,173 Down ×4
NLY Annaly Capital Management Inc. Common Stock $7,167,117 4.75% 320,533 $3,215,132 Up ×1
AAPL Apple Inc. - Common Stock $7,147,441 4.74% 26,291 $334,111 Down ×1
AMZN Amazon.com, Inc. - Common Stock $6,680,623 4.43% 28,943 $925,035 Up ×1
BRKB $4,907,372 3.25% 9,763 $-208,008 Down ×2
MO Altria Group, Inc. $4,247,817 2.82% 73,670 $-83,562 Up ×4
NVDA NVIDIA Corporation - Common Stock $3,820,713 2.53% 20,486 $109,996 Up ×2
ENB Enbridge Inc Common Stock $3,723,613 2.47% 77,851 Up ×1
SPY SPY $2,615,153 1.73% 3,835 $211,082 Up ×2
QQQ Invesco QQQ Trust, Series 1 $2,446,344 1.62% 3,982 $309,521 Up ×2
HTGC Hercules Capital, Inc. Common Stock $2,257,914 1.50% 119,974 $1,160,560 Up ×1
DIA $2,225,549 1.48% 4,631 $278,244 Up ×2
META Meta Platforms, Inc. - Class A Common Stock $1,980,956 1.31% 3,001 $14,946 Up ×2
MSFT Microsoft Corporation - Common Stock $1,841,421 1.22% 3,808 $-103,603 Up ×1
FSK FS KKR Capital Corp. Common Stock $1,776,704 1.18% 119,967 $-1,729,431 Down ×2
IBM International Business Machines Corporation Common Stock $1,573,688 1.04% 5,313 $81,965 Up ×4
PWR Quanta Services, Inc. Common Stock $1,255,210 0.83% 2,974 Up ×1
JPM JP Morgan Chase & Co. Common Stock $1,018,693 0.68% 3,161 $560,475 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $888,863 0.59% 2,840 $307,001 Up ×2
SGOV iShares 0-3 Month Treasury Bond ETF $778,045 0.52% 7,751 Up ×1
IEF iShares 7-10 Year Treasury Bond ETF $770,018 0.51% 8,008 Up ×1
ASTS AST SpaceMobile, Inc. - Class A Common Stock $697,466 0.46% 9,603 $328,139 Up ×2
HPE Hewlett Packard Enterprise Company Common Stock $681,089 0.45% 28,355 $-11,330 Up ×4
TSLA Tesla, Inc. - Common Stock $622,412 0.41% 1,384 $167,463 Up ×2
AVGO Broadcom Inc. - Common Stock $619,196 0.41% 1,789 $28,056 Down ×2
TLT iShares 20+ Year Treasury Bond ETF $615,418 0.41% 7,061 Up ×1
OHI Omega Healthcare Investors, Inc. Common Stock $587,830 0.39% 13,257 $218,658 Up ×1
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $579,212 0.38% 10,953 Up ×1
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF $577,397 0.38% 10,716 Up ×1
IGLB $568,444 0.38% 11,267 Up ×1
HPQ HP Inc. Common Stock $567,022 0.38% 25,450 $-229,930 Down ×1
EPD Enterprise Products Partners L.P. Common Stock $563,702 0.37% 17,583 $-170,089 Down ×2
ARES Ares Management Corporation Class A Common Stock $543,125 0.36% 3,360 $32,262 Up ×1
RKT Rocket Companies, Inc. Class A Common Stock $527,366 0.35% 27,240 Up ×1
BLK BlackRock, Inc. Common Stock $476,858 0.32% 446 $-46,280 Down ×1
OWL Blue Owl Capital Inc. Class A Common Stock $412,960 0.27% 27,641 $5,896 Up ×1
GLXY Galaxy Digital Inc. - Class A common stock $399,417 0.26% 17,863 $42,350 Up ×1
CAT Caterpillar, Inc. Common Stock $334,407 0.22% 584 Up ×1
COST Costco Wholesale Corporation - Common Stock $318,054 0.21% 369 $-1,011,893 Down ×3
NEE NextEra Energy, Inc. Common Stock $317,748 0.21% 3,958 $65,913 Up ×1
BACQ Inflection Point Acquisition Corp. IV - Class A Ordinary Shares $248,007 0.16% 23,135 Up ×1
GLD $219,159 0.15% 553 Up ×1
MCK McKesson Corporation Common Stock $218,281 0.14% 266 Up ×1
VELO Velo3D, Inc. - Common stock $154,589 0.10% 11,251 Up ×1
RDW Redwire Corporation Common Stock $78,759 0.05% 10,363 Up ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
MO $4,247,817 2.82% up ×4
IBM $1,573,688 1.04% up ×4
HPE $681,089 0.45% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
ENB $3,723,613 77,851 2.47%
PWR $1,255,210 2,974 0.83%
SGOV $778,045 7,751 0.52%
IEF $770,018 8,008 0.51%
TLT $615,418 7,061 0.41%
IGSB $579,212 10,953 0.38%
IGIB $577,397 10,716 0.38%
IGLB $568,444 11,267 0.38%
RKT $527,366 27,240 0.35%
CAT $334,407 584 0.22%
BACQ $248,007 23,135 0.16%
GLD $219,159 553 0.15%
MCK $218,281 266 0.14%
VELO $154,589 11,251 0.10%
RDW $78,759 10,363 0.05%

Top movers (QoQ)

Security Action Shares Δ Value Δ
LLY Trimmed -33 +$6.0M
NLY Bought more +125K +$3.2M
OBDC Trimmed -142K -$2.5M
ARCC Trimmed -78K -$1.8M
FSK Trimmed -115K -$1.7M
HTGC Bought more +62K +$1.2M
COST Trimmed -1K -$1.0M
AMZN Bought more +3K +$925K
BNL Trimmed -26K -$903K
JPM Bought more +2K +$560K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
OKE Dec. 31, 2025 54,873 $4,004,094 32.0%
COIN Dec. 31, 2025 1,232 $415,788 -24.6%
PLTR March 31, 2025 4,880 $369,074 106.9%
CRM Dec. 31, 2025 1,051 $249,087 -22.4%
ORCL Dec. 31, 2025 868 $244,144 -26.9%
WM March 31, 2025 1,121 $226,185 -2.6%
WM Sept. 30, 2025 985 $225,355 2.1%
AG June 30, 2025 32,148 $215,070 155.9%
IVV Sept. 30, 2025 343 $212,983 No longer tracked
AACT Sept. 30, 2025 15,643 $177,235 No longer tracked
SKBL Dec. 31, 2025 14,462 $49,460 No longer tracked
LAES Dec. 31, 2025 11,439 $42,782 -31.1%
AVAL June 30, 2025 10,809 $29,509 95.0%