Sage Advisors, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 25, 2025), Sage Advisors, LLC reported 32 stock positions worth $142.1 million. Its top holding was Blue Owl Capital (OBDC) at 22.1% of the portfolio, followed by Ares Capital (ARCC, 15.6%) and Broadstone Net Lease (BNL, 10.9%). Compared with Q4 2024, it opened 6 new positions, sold out of 2, added to 21 and reduced 4. The biggest buy was a new position in FS KKR Capital (FSK) and the biggest sale Oneok (OKE, shares −8%).
- Most Recent 13F
- Q4 2025
- Location
- BOULDER, CO
- CIK
- 0002032121
- Portfolio Value
- $142.1M (Q1 2025)
- SEC Filing
- 0001667731-25-000532 ↗ filed Apr 25, 2025
Holdings Value
Holdings 32 stocks · $142.1M
| OBDC Blue Owl Capital Corp. | 22.09% | 2,142,133 | $31.4M | Add +3.2% |
| ARCC Ares Capital Corp. | 15.57% | 998,486 | $22.1M | Add +3.5% |
| BNL Broadstone Net Lease Inc. | 10.88% | 907,936 | $15.5M | Reduce -0.9% |
| LLY Eli Lilly & Co. | 10.87% | 18,704 | $15.4M | Add +2.5% |
| AAPL Apple Inc. | 7.04% | 45,056 | $10.0M | Add +2.2% |
| EPD Enterprise Products Partners | 4.57% | 190,203 | $6.5M | Add +2.1% |
| AMZN Amazon.com Inc. | 3.80% | 28,390 | $5.4M | Add +2.8% |
| OKE Oneok Inc. | 3.66% | 52,455 | $5.2M | Reduce -7.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.49% | 9,321 | $5.0M | Add +1.4% |
| FSK FS KKR Capital Corp. | 3.15% | 213,431 | $4.5M | New |
| MO Altria Group Inc. | 2.25% | 53,165 | $3.2M | Add +8.0% |
| NVDA Nvidia Corp. | 1.60% | 20,965 | $2.3M | Add +12.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.43% | 3,642 | $2.0M | Add +0.4% |
| MSFT Microsoft Corp. | 1.19% | 4,504 | $1.7M | Add +5.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.16% | 3,940 | $1.7M | Add +1.4% |
| QQQ Invesco QQQ Trust Series 1 | 1.07% | 3,248 | $1.5M | Reduce -0.4% |
| COST Costco Wholesale Corp. | 1.02% | 1,532 | $1.4M | Add +4.6% |
| META Meta Platforms Inc. Class A | 0.99% | 2,432 | $1.4M | Add +1.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.83% | 4,730 | $1.2M | Add +0.3% |
| HPQ HP Inc. | 0.56% | 28,653 | $793K | Reduce -0.6% |
| ARES Ares Management Corp. Class A | 0.43% | 4,211 | $617K | Add +186.3% |
| OWL Blue Owl Capital Inc. | 0.35% | 24,967 | $500K | New |
| HPE Hewlett Packard Enterprise | 0.30% | 27,777 | $429K | Add +0.2% |
| BLK BlackRock Inc. | 0.30% | 445 | $421K | Add +0.5% |
| CRM Salesforce Inc. | 0.25% | 1,336 | $359K | New |
| COIN Coinbase Global Inc. Class A | 0.25% | 2,078 | $358K | New |
| GOOGL Alphabet Inc. Class A | 0.20% | 1,868 | $289K | Add +13.4% |
| AVGO Broadcom Inc. | 0.19% | 1,582 | $265K | Add +0.4% |
| NEE Nextera Energy Inc. | 0.17% | 3,336 | $236K | No change |
| TSLA Tesla Inc. | 0.17% | 911 | $236K | New |
| AG First Majestic Silver Corp. | 0.15% | 32,148 | $215K | Add +72.3% |
| AVAL Grupo Aval Acciones Y Valore | 0.02% | 10,809 | $30K | New |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| FSK FS KKR Capital Corp. | New | 3.15% | +3.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.4% | 3.49% | +0.38 |
| OWL Blue Owl Capital Inc. | New | 0.35% | +0.35 |
| LLY Eli Lilly & Co. | Add +2.5% | 10.87% | +0.35 |
| MO Altria Group Inc. | Add +8.0% | 2.25% | +0.32 |
| CRM Salesforce Inc. | New | 0.25% | +0.25 |
| COIN Coinbase Global Inc. Class A | New | 0.25% | +0.25 |
| ARES Ares Management Corp. Class A | Add +186.3% | 0.43% | +0.24 |
| EPD Enterprise Products Partners | Add +2.1% | 4.57% | +0.21 |
| TSLA Tesla Inc. | New | 0.17% | +0.17 |
| AG First Majestic Silver Corp. | Add +72.3% | 0.15% | +0.07 |
| IBM Intl Business Machines Corp. | Add +0.3% | 0.83% | +0.05 |
| AVAL Grupo Aval Acciones Y Valore | New | 0.02% | +0.02 |
| COST Costco Wholesale Corp. | Add +4.6% | 1.02% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +13.4% | 0.20% | −0.03 |
| BLK BlackRock Inc. | Add +0.5% | 0.30% | −0.04 |
| META Meta Platforms Inc. Class A | Add +1.1% | 0.99% | −0.07 |
| DIA SS SPDR Dow Jones Indus Avg | Add +1.4% | 1.16% | −0.07 |
| AVGO Broadcom Inc. | Add +0.4% | 0.19% | −0.09 |
| HPE Hewlett Packard Enterprise | Add +0.2% | 0.30% | −0.14 |
| MSFT Microsoft Corp. | Add +5.9% | 1.19% | −0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.4% | 1.43% | −0.16 |
| ARCC Ares Capital Corp. | Add +3.5% | 15.57% | −0.21 |
| NVDA Nvidia Corp. | Add +12.7% | 1.60% | −0.27 |
| AMZN Amazon.com Inc. | Add +2.8% | 3.80% | −0.73 |
| AAPL Apple Inc. | Add +2.2% | 7.04% | −1.21 |
| OBDC Blue Owl Capital Corp. | Add +3.2% | 22.09% | −1.34 |
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 |