SEC 13F Intelligence

Managers / Q3 2025 · view latest →

SAGE ADVISORS, LLC

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

Reported Value
$140M
Q3 2025
Positions
39
Filings on Record
9
2019–present window
Filed
Oct 22, 2025
original filing

Summary

Sage Advisors, LLC reported $140M in U.S.-listed holdings across 39 positions for Q3 2025.

The portfolio is heavily concentrated: OBDC alone accounts for 20.2% of reported value.

Compared with Q2 2025, the fund opened 6 new positions and exited 3.

Portfolio Metrics

Turnover
+9.6%
vs prior filed quarter
Top-10 Concentration
+78.8%
share of reported value
Largest Position
+20.2%
Blue Owl Capital Corporation
New / Exited
6 / 3
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: 80.3%REIT: 14.5%ETP: 4.6%MLP: 0.5%Other: 0.1%
  • Common Stock · 80.3% · $112M
  • REIT · 14.5% · $20M
  • ETP · 4.6% · $6M
  • MLP · 0.5% · $733,791
  • Other · 0.1% · $92,242

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NLYANNALY CAPITAL MANAGEMENT INNEW+195.5K195.5K+$4M$4M
HTGCHERCULES CAPITAL INCNEW+58.0K58.0K+$1M$1M
OMEGA HEALTHCARE INVS INCNEW+8.7K8.7K+$369,172$369,172
ORCLORACLE CORPNEW+868868+$244,144$244,144
SKYLINE BLDRS GROUP HLDG LTDNEW+14.5K14.5K+$49,460$49,460
SEALSQ CORPNEW+11.4K11.4K+$42,782$42,782
JPMJPMORGAN CHASE & CO.ADDED+7341.5K+$249,686$458,218
WMWASTE MGMT INC DELSOLD OUT−9850−$225,355$0

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

Holdings — Q3 2025

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1OBDCBLUE OWL CAPITAL CORPORATIONhistory →COM20.16%$28M2.20M
2ARCCARES CAPITAL CORPhistory →COM15.12%$21M1.03M
3BNLBROADSTONE NET LEASE INChistory →COM11.38%$16M888.7K
4LLYELI LILLY & COhistory →COM10.62%$15M19.4K
5AAPLAPPLE INChistory →COM4.88%$7M26.8K
6AMZNAMAZON COM INChistory →COM4.12%$6M26.2K
7BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW3.67%$5M10.2K
8MOALTRIA GROUP INChistory →COM3.10%$4M65.6K
9OKEONEOK INC NEWhistory →COM2.87%$4M54.9K
10NLYANNALY CAPITAL MANAGEMENT INhistory →COM NEW2.83%$4M195.5K
11NVDANVIDIA CORPORATIONhistory →COM2.66%$4M19.9K
12FSKFS KKR CAP CORPhistory →COM2.51%$4M234.8K
13SPDR S&P 500 ETF TRTR UNIT1.72%$2M3.6K
14NDQINVESCO QQQ TRhistory →UNIT SER 11.53%$2M3.6K
15METAMETA PLATFORMS INChistory →CL A1.41%$2M2.7K
16SPDR DOW JONES INDL AVERAGEUT SER 11.40%$2M4.2K
17MSFTMICROSOFT CORPhistory →COM1.39%$2M3.8K
18IBMINTERNATIONAL BUSINESS MACHShistory →COM1.07%$1M5.3K
19COSTCOSTCO WHSL CORP NEWCOM0.95%$1M1.4K
20HTGCHERCULES CAPITAL INCCOM0.79%$1M58.0K
217HPHP INCCOM0.57%$796,95229.3K
22EPDENTERPRISE PRODS PARTNERS LCOM0.53%$733,79123.5K
23HPEHEWLETT PACKARD ENTERPRISE CCOM0.50%$692,41928.2K
24AVGOBROADCOM INCCOM0.42%$591,1401.8K
25GOOGLALPHABET INCCAP STK CL A0.42%$581,8622.4K
26BLKBLACKROCK INCCOM0.37%$523,138449
27ARESARES MANAGEMENT CORPORATIONCL A COM STK0.37%$510,8633.2K
28JPMJPMORGAN CHASE & CO.COM0.33%$458,2181.5K
29TSLATESLA INCCOM0.33%$454,9491.0K
30COINCOINBASE GLOBAL INCCOM CL A0.30%$415,7881.2K
31OWLBLUE OWL CAPITAL INCCOM CL A0.29%$407,06424.0K
32ASTSAST SPACEMOBILE INCCOM CL A0.26%$369,3277.5K
33OMEGA HEALTHCARE INVS INCCOM0.26%$369,1728.7K
34GLXYGALAXY DIGITAL INC.CL A0.26%$357,06710.6K
35NEENEXTERA ENERGY INCCOM0.18%$251,8353.3K
36CRMSALESFORCE INCCOM0.18%$249,0871.1K
37ORCLORACLE CORPCOM0.17%$244,144868
38SKYLINE BLDRS GROUP HLDG LTDSHS CL A0.04%$49,46014.5K
39SEALSQ CORPORD SHS0.03%$42,78211.4K

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 ↗.