SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Sage Investment Counsel LLC

CIK 0002055178 · 142 5TH AVENUE NORTH, SUITE A, FRANKLIN, TN, 37064 · 615-591-1210

Reported Value
$91M
Q4 2025
Positions
123
Filings on Record
6
2025–present window
Filed
Jan 23, 2026
original filing

Summary

Sage Investment Counsel LLC reported $91M in U.S.-listed holdings across 123 positions for Q4 2025.

Its largest position, Pinnacle Finl Partners, represents 7.9% of the portfolio.

Compared with Q3 2025, the fund opened 8 new positions and exited 8.

Portfolio Metrics

Turnover
+6.0%
vs prior filed quarter
Top-10 Concentration
+37.1%
share of reported value
Largest Position
+7.9%
Pinnacle Finl Partners
New / Exited
8 / 8
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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
Q4 ’24: $77MQ4 ’24Q1 ’25: $79MQ1 ’25Q2 ’25: $86MQ2 ’25Q3 ’25: $90MQ3 ’25Q4 ’25: $91MQ4 ’25Q1 ’26: $90MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 65.3%ETP: 12.4%Other: 9.0%ADR: 5.8%REIT: 3.7%Other: 3.7%
  • Common Stock · 65.3% · $59M
  • ETP · 12.4% · $11M
  • Other · 9.0% · $8M
  • ADR · 5.8% · $5M
  • REIT · 3.7% · $3M
  • Other · 3.7% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SLMSLM CORPNEW+45.5K45.5K+$1M$1M
CLSCELESTICA INCNEW+758758+$224,072$224,072
CIBGRUPO CIBEST SANEW+3.5K3.5K+$222,635$222,635
STTSTATE STR CORPNEW+1.7K1.7K+$219,317$219,317
WHRWHIRLPOOL CORPNEW+2.8K2.8K+$201,631$201,631
RFICOHEN & STEERS TOTAL RETURNNEW+10.0K10.0K+$110,500$110,500
CMB.TECH NVNEW+10.0K10.0K+$96,500$96,500
AIVAPARTMENT INVT & MGMT CONEW+15.0K15.0K+$89,100$89,100

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

Holdings — Q4 2025

113 positions (from 123 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PINNACLE FINL PARTNERS INCCOM7.90%$7M75.3K
2AAPLAPPLE INChistory →COM5.78%$5M19.3K
3BRK/ABERKSHIRE HATHAWAY INC DELCL A · CL B NEW5.74%$5M4.4K
4VTIVANGUARD INDEX FDSTOTAL STK MKT · S&P 500 ETF SHS · SM CP VAL ETF · REAL ESTATE ETF · VALUE ETF4.21%$4M16.5K
5BNBROOKFIELD CORPhistory →CL A LTD VT SH2.72%$2M53.9K
6ETENERGY TRANSFER L Phistory →COM UT LTD PTN2.45%$2M134.8K
7HHHHOWARD HUGHES HOLDINGS INChistory →COM2.26%$2M25.7K
8VTVANGUARD INTL EQUITY INDEX FTT WRLD ST ETF · FTSE EMR MKT ETF2.10%$2M18.7K
9DGDOLLAR GEN CORP NEWhistory →COM1.99%$2M13.6K
10VVISA INChistory →COM CL A1.98%$2M5.1K
11JPMJPMORGAN CHASE & CO.history →COM1.93%$2M5.4K
12BACBANK AMERICA CORPhistory →COM1.83%$2M30.3K
13RYAAYRYANAIR HOLDINGS PLChistory →SPONSORED ADR1.83%$2M23.0K
14CBCHUBB LIMITEDhistory →COM1.81%$2M5.3K
15SPHQINVESCO EXCHANGE TRADED FD Thistory →S&P500 QUALITY1.75%$2M21.2K
16TFSLTFS FINL CORPhistory →COM1.72%$2M116.8K
17UBERUBER TECHNOLOGIES INChistory →COM1.70%$2M19.0K
18MSFTMICROSOFT CORPhistory →COM1.69%$2M3.2K
19SNXTD SYNNEX CORPORATIONhistory →COM1.50%$1M9.1K
20LENLENNAR CORPhistory →CL A1.47%$1M13.0K
21AMZNAMAZON COM INChistory →COM1.45%$1M5.7K
22BIPCBROOKFIELD INFRAST PARTNERShistory →LP INT UNIT1.44%$1M37.8K
23ENBENBRIDGE INChistory →COM1.41%$1M26.8K
24SLMSLM CORPhistory →COM1.35%$1M45.5K
25CATCATERPILLAR INChistory →COM1.30%$1M2.1K
26VCLTVANGUARD SCOTTSDALE FDSLG-TERM COR BD · INT-TERM CORP1.28%$1M14.7K
27JANUS HENDERSON GROUP PLCORD SHS1.23%$1M23.5K
28EUSAISHARES INChistory →MSCI EQUAL WEITE1.17%$1M10.3K
29EXMOCEXXON MOBIL CORPhistory →COM1.06%$964,7538.0K
30OREALTY INCOME CORPhistory →COM1.03%$935,87316.6K
31SCHDSCHWAB STRATEGIC TRUS DIVIDEND EQ · US LCAP GR ETF · INTERNL DIVID0.96%$871,39929.3K
32EPDENTERPRISE PRODS PARTNERS LCOM0.91%$831,38125.9K
33OMFONEMAIN HLDGS INCCOM0.91%$831,13512.3K
34STZCONSTELLATION BRANDS INCCL A0.87%$794,0085.8K
35OMABGRUPO AEROPORTUARIO DEL CENTSPON ADR0.84%$761,3907.0K
36PACGRUPO AEROPUERTO DEL PACIFICSPON ADS B0.79%$722,3462.7K
37AZOAUTOZONE INCCOM0.76%$695,258205
38RTXRTX CORPORATIONCOM0.75%$682,3903.7K
39GOOGLALPHABET INCCAP STK CL A · CAP STK CL C0.71%$646,1062.1K
40USBUS BANCORP DELCOM NEW0.71%$642,74212.0K
41HDHOME DEPOT INCCOM0.70%$637,9611.9K
42COFCAPITAL ONE FINL CORPCOM0.69%$630,0202.6K
43BEPCBROOKFIELD RENEWABLE PARTNERPARTNERSHIP UNIT0.65%$591,31721.9K
44VXUSVANGUARD STAR FDSVG TL INTL STK F0.60%$543,0487.2K
45TSLXSIXTH STREET SPECIALTY LENDICOM0.59%$538,16124.8K
46FLGFLAGSTAR BANK NATIONAL ASSOCCOM NEW0.57%$521,22641.4K
47RITMRITHM CAPITAL CORPCOM NEW0.56%$509,03046.7K
48BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.54%$492,3623.4K
49METAMETA PLATFORMS INCCL A0.54%$489,534742
50CNQCANADIAN NAT RES LTDCOM0.51%$467,13013.8K
51DVADAVITA INCCOM0.50%$458,4164.0K
52CSCOCISCO SYS INCCOM0.50%$453,9865.9K
53LOWLOWES COS INCCOM0.50%$453,5751.9K
54FDXFEDEX CORPCOM0.49%$447,7331.6K
55BXSLBLACKSTONE SECD LENDING FDCOMMON STOCK0.49%$442,30716.8K
56HRHEALTHCARE RLTY TRCL A COM0.48%$436,61525.8K
57APOAPOLLO GLOBAL MGMT INCCOM0.48%$432,8323.0K
58OXYOCCIDENTAL PETE CORPCOM0.47%$424,44110.3K
59FCXFREEPORT-MCMORAN INCCL B0.46%$421,5578.3K
60WHITE MTNS INS GROUP LTDCOM0.46%$415,606200
61ABEVAMBEV SASPONSORED ADR0.45%$408,785165.5K
62ADCAGREE RLTY CORPCOM0.44%$399,9225.6K
63BURBURFORD CAP LTDORD SHS0.41%$374,64042.0K
64SUSUNCOR ENERGY INC NEWCOM0.41%$372,6248.4K
65MTBM & T BK CORPCOM0.41%$370,2031.8K
66MAMASTERCARD INCORPORATEDCL A0.40%$362,652635
67HTZHERTZ GLOBAL HLDGS INCCOM NEW0.38%$348,28667.8K
68TFCTRUIST FINL CORPCOM0.38%$345,1507.0K
69AVGOBROADCOM INCCOM0.38%$342,639990
70RFREGIONS FINANCIAL CORP NEWCOM0.37%$337,29512.4K
71WMTWALMART INCCOM0.37%$334,0073.0K
72KOFCOCA-COLA FEMSA SAB DE CVSPONS ADS REP0.36%$331,4853.5K
73CORPORACION AMER ARPTS S ACOM0.35%$322,40012.4K
74DEODIAGEO PLCSPON ADR NEW0.35%$319,1993.7K
75NVDANVIDIA CORPORATIONCOM0.35%$314,1121.7K
76VTELVANGUARD MUN BD FDSLONG TERM TAX EX0.34%$310,8903.0K
77LELANDS END INC NEWCOM0.34%$308,91321.3K
78JOEST JOE COCOM0.34%$308,7245.2K
79DISDISNEY WALT COCOM0.34%$305,0172.7K
80VICIVICI PPTYS INCCOM0.34%$305,00810.8K
81UNPUNION PAC CORPCOM0.34%$304,8801.3K
82LADRLADDER CAP CORPCL A0.31%$285,17125.9K
83LMTLOCKHEED MARTIN CORPCOM0.31%$278,110575
84CTOCTO RLTY GROWTH INC NEWCOM0.28%$252,21713.7K
85HCAHCA HEALTHCARE INCCOM0.27%$248,572532
86FDUSFIDUS INVT CORPCOM0.26%$232,95312.1K
87ARCCARES CAPITAL CORPCOM0.25%$231,03311.4K
88CLSCELESTICA INCCOM0.25%$224,072758
89SIRISIRIUSXM HOLDINGS INCCOMMON STOCK0.25%$222,78011.1K
90CIBGRUPO CIBEST SASPON ADS0.24%$222,6353.5K
91NTRNUTRIEN LTDCOM0.24%$222,1923.6K
92XBMEXBLACKROCK HEALTH SCIENCES TRCOM0.24%$222,1025.4K
93STTSTATE STR CORPCOM0.24%$219,3171.7K
94CWCURTISS WRIGHT CORPCOM0.24%$216,098392
95CVXCHEVRON CORP NEWCOM0.24%$213,9981.4K
96ECLECOLAB INCCOM0.23%$204,766780
97VZVERIZON COMMUNICATIONS INCCOM0.22%$203,6505.0K
98WHRWHIRLPOOL CORPCOM0.22%$201,6312.8K
99NUNU HLDGS LTDORD SHS CL A0.20%$184,14011.0K
100OBDCBLUE OWL CAPITAL CORPORATIONCOM0.16%$147,35911.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$90M127Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$91M123Jan 23, 202613F-HRchanges · EDGAR ↗
Q3 2025$90M123Oct 21, 202513F-HRchanges · EDGAR ↗
Q2 2025$86M122Jul 22, 202513F-HRchanges · EDGAR ↗
Q1 2025$79M119Apr 23, 202513F-HRchanges · EDGAR ↗
Q4 2024$77M120Feb 5, 202513F-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 ↗.