Sage Advisors
BOULDER, COfiles as SAGE ADVISORS, LLC
$151m in 48 US stocks at the end of 31 December 2025. The top 10 are 76.1% of the money. It changed about 14.3% of the portfolio this quarter.
Value
$151m
Stocks
48
Top 10 share
76.1%
Turnover
14.3%
What changed this quarter
New
Bought for the first time this quarter.
- EnbridgeENB2.5% of the fund
- Quanta ServicesPWR0.8% of the fund
- Ishares TRSGOV0.5% of the fund
- Ishares TRIEF0.5% of the fund
- Ishares TRTLT0.4% of the fund
- Ishares TRIGSB0.4% of the fund
- Ishares TRIGIB0.4% of the fund
- Ishares TRIGLB0.4% of the fund
- Rocket CompaniesRKT0.3% of the fund
- CaterpillarCAT0.2% of the fund
- MerlinMRLN0.2% of the fund
- Spdr Gold TRGLD0.1% of the fund
- MckessonMCK0.1% of the fund
- Velo3DVELO0.1% of the fund
- RedwireRDW<0.1% of the fund
Added
Bought more of a stock they already held.
- Annaly Capital ManagementNLY4.8% of the fund+64%
- Amazon.comAMZN4.4% of the fund+10%
- Altria GroupMO2.8% of the fund+12%
- NvidiaNVDA2.5% of the fund+3%
- State STR Spdr S&P 500 ETF TSPY1.7% of the fund+6%
- Invesco QQQ TRQQQ1.6% of the fund+12%
- Hercules CapitalHTGC1.5% of the fund+107%
- State STR Spdr DOW Jones INDDIA1.5% of the fund+10%
- Meta PlatformsMETA1.3% of the fund+12%
- JPMorgan ChaseJPM0.7% of the fund+118%
- AlphabetGOOGL0.6% of the fund+19%
- AST SpaceMobileASTS0.5% of the fund+28%
- TeslaTSLA0.4% of the fund+35%
- Omega Healthcare InvestorsOHI0.4% of the fund+52%
- Ares ManagementARES0.4% of the fund+5%
- Blue Owl CapitalOWL0.3% of the fund+15%
- Galaxy DigitalGLXY0.3% of the fund+69%
- NextEra EnergyNEE0.2% of the fund+19%
Cut
Sold some of their stake.
- Blue Owl CapitalOBDC17.0% of the fund-6%
- Ares CapitalARCC12.8% of the fund-8%
- Broadstone Net LeaseBNL9.9% of the fund-3%
- Berkshire HathawayBRK-B3.3% of the fund-4%
- FS KKR CapitalFSK1.2% of the fund-49%
- HPHPQ0.4% of the fund-13%
- Enterprise Products Partners L.P.EPD0.4% of the fund-25%
- Costco WholesaleCOST0.2% of the fund-74%
Sold out
Sold their entire stake.
- OneokOKE-100%
- Coinbase GlobalCOIN-100%
- SalesforceCRM-100%
- OracleORCL-100%
- Skyline Builders Group HoldingKAZR-100%
- SealsqLAES-100%
Holdings
- State STR Spdr S&P 500 ETF TSPY
- Share
- 1.7%
- Value
- $3m
- Shares
- 3,835
+6%
- Invesco QQQ TRQQQ
- Share
- 1.6%
- Value
- $2m
- Shares
- 3,982
+12%
- State STR Spdr DOW Jones INDDIA
- Share
- 1.5%
- Value
- $2m
- Shares
- 4,631
+10%
- Ishares TRSGOV
- Share
- 0.5%
- Value
- $778,045
- Shares
- 7,751
New
- Ishares TRIEF
- Share
- 0.5%
- Value
- $770,018
- Shares
- 8,008
New
- Ishares TRTLT
- Share
- 0.4%
- Value
- $615,418
- Shares
- 7,061
New
- Ishares TRIGSB
- Share
- 0.4%
- Value
- $579,212
- Shares
- 10,953
New
- Ishares TRIGIB
- Share
- 0.4%
- Value
- $577,397
- Shares
- 10,716
New
- Ishares TRIGLB
- Share
- 0.4%
- Value
- $568,444
- Shares
- 11,267
New
- Spdr Gold TRGLD
- Share
- 0.1%
- Value
- $219,159
- Shares
- 553
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Blue Owl CapitalOBDC | 17.0% | $26m | 2,061,949 | -6% |
| Eli LillyLLY | 13.8% | $21m | 19,397 | Held |
| Ares CapitalARCC | 12.8% | $19m | 955,548 | -8% |
| Broadstone Net LeaseBNL | 9.9% | $15m | 862,316 | -3% |
| Annaly Capital ManagementNLY | 4.8% | $7m | 320,533 | +64% |
| AppleAAPL | 4.7% | $7m | 26,291 | Held |
| Amazon.comAMZN | 4.4% | $7m | 28,943 | +10% |
| Berkshire HathawayBRK-B | 3.3% | $5m | 9,763 | -4% |
| Altria GroupMO | 2.8% | $4m | 73,670 | +12% |
| NvidiaNVDA | 2.5% | $4m | 20,486 | +3% |
| EnbridgeENB | 2.5% | $4m | 77,851 | New |
| State STR Spdr S&P 500 ETF TSPY | 1.7% | $3m | 3,835 | +6% |
| Invesco QQQ TRQQQ | 1.6% | $2m | 3,982 | +12% |
| Hercules CapitalHTGC | 1.5% | $2m | 119,974 | +107% |
| State STR Spdr DOW Jones INDDIA | 1.5% | $2m | 4,631 | +10% |
| Meta PlatformsMETA | 1.3% | $2m | 3,001 | +12% |
| MicrosoftMSFT | 1.2% | $2m | 3,808 | Held |
| FS KKR CapitalFSK | 1.2% | $2m | 119,967 | -49% |
| International Business MachinesIBM | 1.0% | $2m | 5,313 | Held |
| Quanta ServicesPWR | 0.8% | $1m | 2,974 | New |
| JPMorgan ChaseJPM | 0.7% | $1m | 3,161 | +118% |
| AlphabetGOOGL | 0.6% | $888,863 | 2,840 | +19% |
| Ishares TRSGOV | 0.5% | $778,045 | 7,751 | New |
| Ishares TRIEF | 0.5% | $770,018 | 8,008 | New |
| AST SpaceMobileASTS | 0.5% | $697,466 | 9,603 | +28% |
| Hewlett Packard EnterpriseHPE | 0.5% | $681,089 | 28,355 | Held |
| TeslaTSLA | 0.4% | $622,412 | 1,384 | +35% |
| BroadcomAVGO | 0.4% | $619,196 | 1,789 | Held |
| Ishares TRTLT | 0.4% | $615,418 | 7,061 | New |
| Omega Healthcare InvestorsOHI | 0.4% | $587,830 | 13,257 | +52% |
| Ishares TRIGSB | 0.4% | $579,212 | 10,953 | New |
| Ishares TRIGIB | 0.4% | $577,397 | 10,716 | New |
| Ishares TRIGLB | 0.4% | $568,444 | 11,267 | New |
| HPHPQ | 0.4% | $567,022 | 25,450 | -13% |
| Enterprise Products Partners L.P.EPD | 0.4% | $563,702 | 17,583 | -25% |
| Ares ManagementARES | 0.4% | $543,125 | 3,360 | +5% |
| Rocket CompaniesRKT | 0.3% | $527,366 | 27,240 | New |
| BlackRockBLK | 0.3% | $476,858 | 446 | Held |
| Blue Owl CapitalOWL | 0.3% | $412,960 | 27,641 | +15% |
| Galaxy DigitalGLXY | 0.3% | $399,417 | 17,863 | +69% |
| CaterpillarCAT | 0.2% | $334,407 | 584 | New |
| Costco WholesaleCOST | 0.2% | $318,054 | 369 | -74% |
| NextEra EnergyNEE | 0.2% | $317,748 | 3,958 | +19% |
| MerlinMRLN | 0.2% | $248,007 | 23,135 | New |
| Spdr Gold TRGLD | 0.1% | $219,159 | 553 | New |
| MckessonMCK | 0.1% | $218,281 | 266 | New |
| Velo3DVELO | 0.1% | $154,589 | 11,251 | New |
| RedwireRDW | <0.1% | $78,759 | 10,363 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Value is up 7.7% since 30 June 2025.
Where the money is
Health care14.0%
Technology10.9%
Real estate10.3%
Financial services10.2%
Retail & consumer4.8%
Everyday goods3.0%
Energy2.5%
Media & telecom2.4%
Industrials1.2%
Utilities0.6%
Other40.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.