SEC 13F Intelligence

Managers / Q2 2025 · view latest →

SAGE ADVISORS, LLC

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

Reported Value
$140M
Q2 2025
Positions
36
Filings on Record
9
2019–present window
Filed
Jul 28, 2025
original filing

Summary

Sage Advisors, LLC reported $140M in U.S.-listed holdings across 36 positions for Q2 2025.

The portfolio is heavily concentrated: OBDC alone accounts for 22.7% of reported value.

Compared with Q1 2025, the fund opened 6 new positions and exited 2.

Portfolio Metrics

Turnover
+4.7%
vs prior filed quarter
Top-10 Concentration
+82.7%
share of reported value
Largest Position
+22.7%
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: 81.9%REIT: 10.3%MLP: 4.2%ETP: 3.5%Other: 0.1%
  • Common Stock · 81.9% · $115M
  • REIT · 10.3% · $14M
  • MLP · 4.2% · $6M
  • ETP · 3.5% · $5M
  • Other · 0.1% · $177,235

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ASTSAST SPACEMOBILE INCNEW+7.4K7.4K+$347,391$347,391
GLXYGALAXY DIGITAL INC.NEW+11.7K11.7K+$255,639$255,639
WMWASTE MGMT INC DELNEW+985985+$225,355$225,355
ISHARES TRNEW+343343+$212,983$212,983
JPMJPMORGAN CHASE & CO.NEW+719719+$208,532$208,532
ARES ACQUISITION CORP IINEW+15.6K15.6K+$177,235$177,235
AGFIRST MAJESTIC SILVER CORPSOLD OUT−32.1K0−$215,070$0
AVALGRUPO AVAL ACCIONES Y VALORESOLD OUT−10.8K0−$29,509$0

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

Holdings — Q2 2025

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1OBDCBLUE OWL CAPITAL CORPORATIONhistory →COM22.71%$32M2.22M
2ARCCARES CAPITAL CORPhistory →COM16.54%$23M1.06M
3LLYELI LILLY & COhistory →COM10.56%$15M19.0K
4BNLBROADSTONE NET LEASE INChistory →COM10.29%$14M898.0K
5EPDENTERPRISE PRODS PARTNERS Lhistory →COM4.22%$6M190.5K
6AMZNAMAZON COM INChistory →COM4.20%$6M26.8K
7AAPLAPPLE INChistory →COM3.91%$5M26.7K
8FSKFS KKR CAP CORPhistory →COM3.62%$5M244.5K
9BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW3.59%$5M10.4K
10OKEONEOK INC NEWhistory →COM3.10%$4M53.1K
11MOALTRIA GROUP INChistory →COM2.54%$4M60.7K
12NVDANVIDIA CORPORATIONhistory →COM2.15%$3M19.1K
13MSFTMICROSOFT CORPhistory →COM1.37%$2M3.9K
14SPDR S&P 500 ETF TRTR UNIT1.33%$2M3.0K
15METAMETA PLATFORMS INChistory →CL A1.26%$2M2.4K
16COSTCOSTCO WHSL CORP NEWhistory →COM1.02%$1M1.4K
17IBMINTERNATIONAL BUSINESS MACHShistory →COM1.00%$1M4.8K
18SPDR DOW JONES INDL AVERAGEUT SER 11.00%$1M3.2K
19NDQINVESCO QQQ TRUNIT SER 10.98%$1M2.5K
207HPHP INCCOM0.51%$708,01328.9K
21ARESARES MANAGEMENT CORPORATIONCL A COM STK0.48%$666,9933.9K
22HPEHEWLETT PACKARD ENTERPRISE CCOM0.41%$572,97928.0K
23AVGOBROADCOM INCCOM0.40%$566,3462.1K
24OWLBLUE OWL CAPITAL INCCOM CL A0.35%$485,19725.3K
25COINCOINBASE GLOBAL INCCOM CL A0.34%$470,3581.3K
26BLKBLACKROCK INCCOM0.33%$468,979447
27ASTSAST SPACEMOBILE INCCOM CL A0.25%$347,3917.4K
28CRMSALESFORCE INCCOM0.22%$312,5031.1K
29TSLATESLA INCCOM0.20%$284,306895
30GOOGLALPHABET INCCAP STK CL A0.19%$267,3341.5K
31GLXYGALAXY DIGITAL INC.CL A0.18%$255,63911.7K
32NEENEXTERA ENERGY INCCOM0.17%$231,5853.3K
33WMWASTE MGMT INC DELCOM0.16%$225,355985
34ISHARES TRCORE S&P500 ETF0.15%$212,983343
35JPMJPMORGAN CHASE & CO.COM0.15%$208,532719
36ARES ACQUISITION CORP IISHS CLASS A0.13%$177,23515.6K

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 ↗.