SEC 13F Intelligence

Managers / Q1 2025 · view latest →

SAGE ADVISORS, LLC

CIK 0002032121 · 421 PINE STREET, BOULDER, CO, 80302 · (317) 363-6204

Reported Value
$142M
Q1 2025
Positions
32
Filings on Record
9
2019–present window
Filed
Apr 25, 2025
original filing

Summary

Sage Advisors, LLC reported $142M in U.S.-listed holdings across 32 positions for Q1 2025.

The portfolio is heavily concentrated: OBDC alone accounts for 22.1% of reported value.

Compared with Q4 2024, the fund opened 6 new positions and exited 2.

Portfolio Metrics

Turnover
+2.8%
vs prior filed quarter
Top-10 Concentration
+85.1%
share of reported value
Largest Position
+22.1%
Blue Owl Capital Corporation
New / Exited
6 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q3 ’24: $127MQ3 ’24Q4 ’24: $134MQ4 ’24Q1 ’25: $142MQ1 ’25Q2 ’25: $140MQ2 ’25Q3 ’25: $140MQ3 ’25Q4 ’25: $151MQ4 ’25filingsflow.com

Portfolio Composition

By security type
Common Stock: 80.9%REIT: 10.9%MLP: 4.6%ETP: 3.7%ADR: 0.0%
  • Common Stock · 80.9% · $115M
  • REIT · 10.9% · $15M
  • MLP · 4.6% · $6M
  • ETP · 3.7% · $5M
  • ADR · 0.0% · $29,509

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FSKFS KKR CAP CORPNEW+213.4K213.4K+$4M$4M
OWLBLUE OWL CAPITAL INCNEW+25.0K25.0K+$500,343$500,343
CRMSALESFORCE INCNEW+1.3K1.3K+$358,529$358,529
COINCOINBASE GLOBAL INCNEW+2.1K2.1K+$357,894$357,894
TSLATESLA INCNEW+911911+$236,095$236,095
AVALGRUPO AVAL ACCIONES Y VALORENEW+10.8K10.8K+$29,509$29,509
ARESARES MANAGEMENT CORPORATIONADDED+2.7K4.2K+$356,960$617,371
PLTRPALANTIR TECHNOLOGIES INCSOLD OUT−4.9K0−$369,074$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2025

32 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1OBDCBLUE OWL CAPITAL CORPORATIONhistory →COM22.09%$31M2.14M
2ARCCARES CAPITAL CORPhistory →COM15.57%$22M998.5K
3BNLBROADSTONE NET LEASE INChistory →COM10.88%$15M907.9K
4LLYELI LILLY & COhistory →COM10.87%$15M18.7K
5AAPLAPPLE INChistory →COM7.04%$10M45.1K
6EPDENTERPRISE PRODS PARTNERS Lhistory →COM4.57%$6M190.2K
7AMZNAMAZON COM INChistory →COM3.80%$5M28.4K
8OKEONEOK INC NEWhistory →COM3.66%$5M52.5K
9BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW3.49%$5M9.3K
10FSKFS KKR CAP CORPhistory →COM3.15%$4M213.4K
11MOALTRIA GROUP INChistory →COM2.24%$3M53.2K
12NVDANVIDIA CORPORATIONhistory →COM1.60%$2M21.0K
13SPDR S&P 500 ETF TRTR UNIT1.43%$2M3.6K
14MSFTMICROSOFT CORPhistory →COM1.19%$2M4.5K
15SPDR DOW JONES INDL AVERAGEUT SER 11.16%$2M3.9K
16NDQINVESCO QQQ TRhistory →UNIT SER 11.07%$2M3.2K
17COSTCOSTCO WHSL CORP NEWhistory →COM1.02%$1M1.5K
18METAMETA PLATFORMS INCCL A0.99%$1M2.4K
19IBMINTERNATIONAL BUSINESS MACHSCOM0.83%$1M4.7K
207HPHP INCCOM0.56%$793,39028.7K
21ARESARES MANAGEMENT CORPORATIONCL A COM STK0.43%$617,3714.2K
22OWLBLUE OWL CAPITAL INCCOM CL A0.35%$500,34325.0K
23HPEHEWLETT PACKARD ENTERPRISE CCOM0.30%$428,59627.8K
24BLKBLACKROCK INCCOM0.30%$421,131445
25CRMSALESFORCE INCCOM0.25%$358,5291.3K
26COINCOINBASE GLOBAL INCCOM CL A0.25%$357,8942.1K
27GOOGLALPHABET INCCAP STK CL A0.20%$288,8961.9K
28AVGOBROADCOM INCCOM0.19%$264,8971.6K
29NEENEXTERA ENERGY INCCOM0.17%$236,4893.3K
30TSLATESLA INCCOM0.17%$236,095911
31AGFIRST MAJESTIC SILVER CORPCOM0.15%$215,07032.1K
32AVALGRUPO AVAL ACCIONES Y VALORESPONSORED ADS0.02%$29,50910.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2025$151M48Jan 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$140M39Oct 22, 202513F-HRchanges · EDGAR ↗
Q2 2025$140M36Jul 28, 202513F-HRchanges · EDGAR ↗
Q1 2025$142M32Apr 25, 202513F-HRchanges · EDGAR ↗
Q4 2024$134M28Jan 30, 202513F-HRchanges · EDGAR ↗
Q3 2024$127M25Nov 6, 202413F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.