Sage Advisors, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 6, 2024), Sage Advisors, LLC reported 25 stock positions worth $127.0 million. Its top holding was Blue Owl Capital (OBDC) at 22.9% of the portfolio, followed by Ares Capital (ARCC, 15.0%) and Broadstone Net Lease (BNL, 13.9%). Compared with Q2 2024, it opened 2 new positions, sold out of 2, added to 19 and reduced 3. The biggest buy was Broadstone Net Lease (BNL, shares +3%) and the biggest sale an exit from Artisan Partners Asset Ma -A (APAM).
- Most Recent 13F
- Q4 2025
- Location
- BOULDER, CO
- CIK
- 0002032121
- Portfolio Value
- $127.0M (Q3 2024)
- SEC Filing
- 0002032121-24-000004 ↗ filed Nov 6, 2024
Holdings Value
Holdings 25 stocks · $127.0M
| OBDC Blue Owl Capital Corp. | 22.92% | 1,996,927 | $29.1M | Add +3.7% |
| ARCC Ares Capital Corp. | 15.02% | 910,625 | $19.1M | Add +4.5% |
| BNL Broadstone Net Lease Inc. | 13.92% | 932,736 | $17.7M | Add +2.7% |
| LLY Eli Lilly & Co. | 13.03% | 18,677 | $16.5M | Add +0.1% |
| AAPL Apple Inc. | 8.48% | 46,181 | $10.8M | Add +4.0% |
| EPD Enterprise Products Partners | 4.19% | 182,677 | $5.3M | Add +0.1% |
| OKE Oneok Inc. | 4.09% | 57,017 | $5.2M | Add +13.2% |
| AMZN Amazon.com Inc. | 3.69% | 25,125 | $4.7M | Add +12.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.23% | 8,899 | $4.1M | Add +14.3% |
| NVDA Nvidia Corp. | 1.52% | 15,928 | $1.9M | Add +10.0% |
| MSFT Microsoft Corp. | 1.39% | 4,094 | $1.8M | Add +3.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.38% | 3,042 | $1.7M | Reduce -14.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.03% | 3,103 | $1.3M | Reduce -0.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.99% | 2,576 | $1.3M | Reduce -15.8% |
| META Meta Platforms Inc. Class A | 0.95% | 2,103 | $1.2M | Add +3.2% |
| COST Costco Wholesale Corp. | 0.84% | 1,205 | $1.1M | Add +9.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.81% | 4,667 | $1.0M | Add +0.8% |
| HPQ HP Inc. | 0.81% | 28,597 | $1.0M | Add +0.8% |
| HPE Hewlett Packard Enterprise | 0.44% | 27,551 | $564K | Add +0.6% |
| BLK BlackRock Finance Inc. | 0.33% | 441 | $419K | Add +0.5% |
| AVGO Broadcom Inc. | 0.25% | 1,853 | $320K | Add +0.7% |
| NEE Nextera Energy Inc. | 0.22% | 3,336 | $282K | No change |
| GOOGL Alphabet Inc. Class A | 0.22% | 1,672 | $277K | Add +30.3% |
| WM Waste Management Inc. | 0.16% | 973 | $202K | New |
| AG First Majestic Silver Corp. | 0.09% | 18,656 | $112K | New |
Portfolio Sells Q2 2024 → Q3 2024
Portfolio Buys Q2 2024 → Q3 2024
| BNL Broadstone Net Lease Inc. | Add +2.7% | 13.92% | +2.21 |
| AAPL Apple Inc. | Add +4.0% | 8.48% | +0.87 |
| OKE Oneok Inc. | Add +13.2% | 4.09% | +0.75 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +14.3% | 3.23% | +0.65 |
| ARCC Ares Capital Corp. | Add +4.5% | 15.02% | +0.25 |
| AMZN Amazon.com Inc. | Add +12.4% | 3.69% | +0.18 |
| IBM Intl Business Machines Corp. | Add +0.8% | 0.81% | +0.16 |
| WM Waste Management Inc. | New | 0.16% | +0.16 |
| META Meta Platforms Inc. Class A | Add +3.2% | 0.95% | +0.11 |
| AG First Majestic Silver Corp. | New | 0.09% | +0.09 |
| COST Costco Wholesale Corp. | Add +9.6% | 0.84% | +0.08 |
| NVDA Nvidia Corp. | Add +10.0% | 1.52% | +0.07 |
| BLK BlackRock Finance Inc. | Add +0.5% | 0.33% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +30.3% | 0.22% | +0.03 |
| AVGO Broadcom Inc. | Add +0.7% | 0.25% | +0.01 |
| HPQ HP Inc. | Add +0.8% | 0.81% | +0.00 |
| HPE Hewlett Packard Enterprise | Add +0.6% | 0.44% | −0.03 |
| MSFT Microsoft Corp. | Add +3.7% | 1.39% | −0.05 |
| EPD Enterprise Products Partners | Add +0.1% | 4.19% | −0.11 |
| LLY Eli Lilly & Co. | Add +0.1% | 13.03% | −0.69 |
| OBDC Blue Owl Capital Corp. | Add +3.7% | 22.92% | −1.12 |
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 |