Sage Advisors, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed September 27, 2024), Sage Advisors, LLC reported 25 stock positions worth $112.4 million. Its top holding was Blue Owl Capital (OBDC) at 24.7% of the portfolio, followed by Ares Capital (ARCC, 14.1%) and Eli Lilly (LLY, 12.8%). Compared with Q4 2023, it opened 4 new positions, sold out of 6, added to 16 and reduced 3. The biggest buy was Eli Lilly (LLY, shares +20%) and the biggest sale Apple (AAPL, shares −21%).
- Most Recent 13F
- Q4 2025
- Location
- BOULDER, CO
- CIK
- 0002032121
- Portfolio Value
- $112.4M (Q1 2024)
- SEC Filing
- 0002032121-24-000002 ↗ filed Sep 27, 2024
Holdings Value
Holdings 25 stocks · $112.4M
| OBDC Blue Owl Capital Corp. | 24.70% | 1,805,309 | $27.8M | Add +8.1% |
| ARCC Ares Capital Corp. | 14.09% | 760,601 | $15.8M | Add +21.6% |
| LLY Eli Lilly & Co. | 12.78% | 18,468 | $14.4M | Add +19.8% |
| BNL Broadstone Net Lease Inc. | 12.61% | 904,930 | $14.2M | Reduce -0.5% |
| AAPL Apple Inc. | 6.56% | 42,987 | $7.4M | Reduce -21.2% |
| EPD Enterprise Products Partners | 4.74% | 182,435 | $5.3M | Add +4.2% |
| APAM Artisan Partners Asset Ma -A | 3.78% | 92,939 | $4.3M | Add +0.4% |
| OKE Oneok Inc. | 3.36% | 47,060 | $3.8M | Add +14.2% |
| AMZN Amazon.com Inc. | 2.96% | 18,479 | $3.3M | Add +519.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.80% | 7,483 | $3.1M | Add +9.1% |
| BLK BlackRock Finance Inc. | 1.62% | 2,183 | $1.8M | Add +10.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.58% | 3,393 | $1.8M | Add +68.2% |
| QQQ Invesco QQQ Trust Series 1 | 1.13% | 2,861 | $1.3M | Add +340.8% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.04% | 2,930 | $1.2M | Add +69.8% |
| MSFT Microsoft Corp. | 1.01% | 2,692 | $1.1M | Add +295.3% |
| NVDA Nvidia Corp. | 0.87% | 1,088 | $983K | New |
| META Meta Platforms Inc. Class A | 0.80% | 1,852 | $899K | Add +65.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.76% | 4,480 | $856K | Add +0.5% |
| HPQ HP Inc. | 0.76% | 28,121 | $850K | Add +0.0% |
| COST Costco Wholesale Corp. | 0.63% | 959 | $703K | New |
| HPE Hewlett Packard Enterprise | 0.43% | 27,181 | $482K | No change |
| ODFL Old Dominion Freight Line | 0.41% | 2,106 | $462K | New |
| AVGO Broadcom Inc. | 0.21% | 179 | $237K | New |
| VOO Vanguard S&P 500 ETF | 0.20% | 462 | $222K | Reduce -12.0% |
| NEE Nextera Energy Inc. | 0.19% | 3,336 | $213K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -21.2% | 6.56% | −3.88 |
| HASI Ha Sustainable Infrastructur | Sold out | 0.00% | −3.27 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −3.12 |
| BNL Broadstone Net Lease Inc. | Reduce -0.5% | 12.61% | −2.95 |
| ABR Arbor Realty Trust Inc. | Sold out | 0.00% | −0.28 |
| QUAL iShares MSCI USA Quality Fac | Sold out | 0.00% | −0.24 |
| NLY Annaly Capital Management Inc. | Sold out | 0.00% | −0.21 |
| RENOVARO INC | Sold out | 0.00% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -12.0% | 0.20% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| LLY Eli Lilly & Co. | Add +19.8% | 12.78% | +3.85 |
| AMZN Amazon.com Inc. | Add +519.7% | 2.96% | +2.51 |
| ARCC Ares Capital Corp. | Add +21.6% | 14.09% | +1.64 |
| NVDA Nvidia Corp. | New | 0.87% | +0.87 |
| QQQ Invesco QQQ Trust Series 1 | Add +340.8% | 1.13% | +0.87 |
| MSFT Microsoft Corp. | Add +295.3% | 1.01% | +0.75 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +68.2% | 1.58% | +0.63 |
| COST Costco Wholesale Corp. | New | 0.63% | +0.63 |
| OKE Oneok Inc. | Add +14.2% | 3.36% | +0.48 |
| ODFL Old Dominion Freight Line | New | 0.41% | +0.41 |
| META Meta Platforms Inc. Class A | Add +65.1% | 0.80% | +0.41 |
| DIA SS SPDR Dow Jones Indus Avg | Add +69.8% | 1.04% | +0.39 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +9.1% | 2.80% | +0.37 |
| OBDC Blue Owl Capital Corp. | Add +8.1% | 24.70% | +0.22 |
| AVGO Broadcom Inc. | New | 0.21% | +0.21 |
| EPD Enterprise Products Partners | Add +4.2% | 4.74% | +0.15 |
| IBM Intl Business Machines Corp. | Add +0.5% | 0.76% | +0.04 |
| BLK BlackRock Finance Inc. | Add +10.3% | 1.62% | +0.02 |
| HPQ HP Inc. | Add +0.0% | 0.76% | −0.08 |
| APAM Artisan Partners Asset Ma -A | Add +0.4% | 3.78% | −0.28 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025 | 48 | $150.8M | OBDC, LLY, ARCC, BNL, NLY |
| Q3 2025 | 39 | $139.6M | OBDC, ARCC, BNL, LLY, AAPL |
| Q2 2025 | 36 | $140.1M | OBDC, ARCC, LLY, BNL, EPD |
| Q1 2025 | 32 | $142.1M | OBDC, ARCC, BNL, LLY, AAPL |
| Q4 2024 | 28 | $133.9M | OBDC, ARCC, BNL, LLY, AAPL |
| Q3 2024 | 25 | $127.0M | OBDC, ARCC, BNL, LLY, AAPL |
| Q2 2024 | 25 | $123.0M | OBDC, ARCC, LLY, BNL, AAPL |
| Q1 2024 | 25 | $112.4M | OBDC, ARCC, LLY, BNL, AAPL |