Sage Advisors, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 30, 2025), Sage Advisors, LLC reported 28 stock positions worth $133.9 million. Its top holding was Blue Owl Capital (OBDC) at 23.4% of the portfolio, followed by Ares Capital (ARCC, 15.8%) and Broadstone Net Lease (BNL, 10.9%). Compared with Q3 2024, it opened 3 new positions, added to 17 and reduced 6. The biggest buy was a new position in Altria (MO) and the biggest sale Broadstone Net Lease (BNL, shares −2%).
- Most Recent 13F
- Q4 2025
- Location
- BOULDER, CO
- CIK
- 0002032121
- Portfolio Value
- $133.9M (Q4 2024)
- SEC Filing
- 0001667731-25-000175 ↗ filed Jan 30, 2025
Holdings Value
Holdings 28 stocks · $133.9M
| OBDC Blue Owl Capital Corp. | 23.44% | 2,075,330 | $31.4M | Add +3.9% |
| ARCC Ares Capital Corp. | 15.77% | 964,688 | $21.1M | Add +5.9% |
| BNL Broadstone Net Lease Inc. | 10.85% | 915,996 | $14.5M | Reduce -1.8% |
| LLY Eli Lilly & Co. | 10.52% | 18,248 | $14.1M | Reduce -2.3% |
| AAPL Apple Inc. | 8.25% | 44,097 | $11.0M | Reduce -4.5% |
| AMZN Amazon.com Inc. | 4.53% | 27,629 | $6.1M | Add +10.0% |
| EPD Enterprise Products Partners | 4.36% | 186,230 | $5.8M | Add +1.9% |
| OKE Oneok Inc. | 4.26% | 56,739 | $5.7M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.11% | 9,193 | $4.2M | Add +3.3% |
| MO Altria Group Inc. | 1.92% | 49,207 | $2.6M | New |
| NVDA Nvidia Corp. | 1.87% | 18,604 | $2.5M | Add +16.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.59% | 3,629 | $2.1M | Add +19.3% |
| MSFT Microsoft Corp. | 1.34% | 4,252 | $1.8M | Add +3.9% |
| QQQ Invesco QQQ Trust Series 1 | 1.25% | 3,262 | $1.7M | Add +26.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.23% | 3,885 | $1.7M | Add +25.2% |
| META Meta Platforms Inc. Class A | 1.05% | 2,406 | $1.4M | Add +14.4% |
| COST Costco Wholesale Corp. | 1.00% | 1,464 | $1.3M | Add +21.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.77% | 4,716 | $1.0M | Add +1.1% |
| HPQ HP Inc. | 0.70% | 28,818 | $940K | Add +0.8% |
| HPE Hewlett Packard Enterprise | 0.44% | 27,725 | $592K | Add +0.6% |
| BLK BlackRock Inc. | 0.34% | 443 | $454K | Add +0.5% |
| PLTR Palantir Technologies Inc. Class A | 0.28% | 4,880 | $369K | New |
| AVGO Broadcom Inc. | 0.27% | 1,576 | $365K | Reduce -14.9% |
| GOOGL Alphabet Inc. Class A | 0.23% | 1,647 | $312K | Reduce -1.5% |
| ARES Ares Management Corp. Class A | 0.19% | 1,471 | $260K | New |
| NEE Nextera Energy Inc. | 0.18% | 3,336 | $239K | No change |
| WM Waste Management Inc. | 0.17% | 1,121 | $226K | Add +15.2% |
| AG First Majestic Silver Corp. | 0.08% | 18,656 | $102K | No change |
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
| MO Altria Group Inc. | New | 1.92% | +1.92 |
| AMZN Amazon.com Inc. | Add +10.0% | 4.53% | +0.84 |
| ARCC Ares Capital Corp. | Add +5.9% | 15.77% | +0.75 |
| OBDC Blue Owl Capital Corp. | Add +3.9% | 23.44% | +0.52 |
| NVDA Nvidia Corp. | Add +16.8% | 1.87% | +0.34 |
| PLTR Palantir Technologies Inc. Class A | New | 0.28% | +0.28 |
| QQQ Invesco QQQ Trust Series 1 | Add +26.6% | 1.25% | +0.26 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +19.3% | 1.59% | +0.21 |
| DIA SS SPDR Dow Jones Indus Avg | Add +25.2% | 1.23% | +0.20 |
| ARES Ares Management Corp. Class A | New | 0.19% | +0.19 |
| EPD Enterprise Products Partners | Add +1.9% | 4.36% | +0.17 |
| COST Costco Wholesale Corp. | Add +21.5% | 1.00% | +0.16 |
| META Meta Platforms Inc. Class A | Add +14.4% | 1.05% | +0.10 |
| WM Waste Management Inc. | Add +15.2% | 0.17% | +0.01 |
| BLK BlackRock Inc. | Add +0.5% | 0.34% | +0.01 |
| HPE Hewlett Packard Enterprise | Add +0.6% | 0.44% | −0.00 |
| IBM Intl Business Machines Corp. | Add +1.1% | 0.77% | −0.04 |
| MSFT Microsoft Corp. | Add +3.9% | 1.34% | −0.05 |
| HPQ HP Inc. | Add +0.8% | 0.70% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.3% | 3.11% | −0.11 |
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 |