Sage Advisors, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 28, 2025), Sage Advisors, LLC reported 36 stock positions worth $140.1 million. Its top holding was Blue Owl Capital (OBDC) at 22.7% of the portfolio, followed by Ares Capital (ARCC, 16.5%) and Eli Lilly (LLY, 10.6%). Compared with Q1 2025, it opened 6 new positions, sold out of 2, added to 14 and reduced 15. The biggest buy was Ares Capital (ARCC, shares +6%) and the biggest sale Apple (AAPL, shares −41%).
- Most Recent 13F
- Q4 2025
- Location
- BOULDER, CO
- CIK
- 0002032121
- Portfolio Value
- $140.1M (Q2 2025)
- SEC Filing
- 0001667731-25-000989 ↗ filed Jul 28, 2025
Holdings Value
Holdings 36 stocks · $140.1M
| OBDC Blue Owl Capital Corp. | 22.71% | 2,218,614 | $31.8M | Add +3.6% |
| ARCC Ares Capital Corp. | 16.54% | 1,055,015 | $23.2M | Add +5.7% |
| LLY Eli Lilly & Co. | 10.56% | 18,974 | $14.8M | Add +1.4% |
| BNL Broadstone Net Lease Inc. | 10.29% | 898,007 | $14.4M | Reduce -1.1% |
| EPD Enterprise Products Partners | 4.22% | 190,511 | $5.9M | Add +0.2% |
| AMZN Amazon.com Inc. | 4.20% | 26,829 | $5.9M | Reduce -5.5% |
| AAPL Apple Inc. | 3.91% | 26,697 | $5.5M | Reduce -40.8% |
| FSK FS KKR Capital Corp. | 3.62% | 244,492 | $5.1M | Add +14.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.59% | 10,355 | $5.0M | Add +11.1% |
| OKE Oneok Inc. | 3.10% | 53,147 | $4.3M | Add +1.3% |
| MO Altria Group Inc. | 2.54% | 60,665 | $3.6M | Add +14.1% |
| NVDA Nvidia Corp. | 2.15% | 19,105 | $3.0M | Reduce -8.9% |
| MSFT Microsoft Corp. | 1.37% | 3,850 | $1.9M | Reduce -14.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.33% | 3,022 | $1.9M | Reduce -17.0% |
| META Meta Platforms Inc. Class A | 1.26% | 2,393 | $1.8M | Reduce -1.6% |
| COST Costco Wholesale Corp. | 1.02% | 1,444 | $1.4M | Reduce -5.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.00% | 4,759 | $1.4M | Add +0.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 1.00% | 3,172 | $1.4M | Reduce -19.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.98% | 2,486 | $1.4M | Reduce -23.5% |
| HPQ HP Inc. | 0.51% | 28,946 | $708K | Add +1.0% |
| ARES Ares Management Corp. Class A | 0.48% | 3,851 | $667K | Reduce -8.6% |
| HPE Hewlett Packard Enterprise | 0.41% | 28,019 | $573K | Add +0.9% |
| AVGO Broadcom Inc. | 0.40% | 2,055 | $566K | Add +29.9% |
| OWL Blue Owl Capital Inc. | 0.35% | 25,258 | $485K | Add +1.2% |
| COIN Coinbase Global Inc. Class A | 0.34% | 1,342 | $470K | Reduce -35.4% |
| BLK BlackRock Inc. | 0.33% | 447 | $469K | Add +0.5% |
| ASTS Ast Spacemobile Inc. | 0.25% | 7,434 | $347K | New |
| CRM Salesforce Inc. | 0.22% | 1,146 | $313K | Reduce -14.2% |
| TSLA Tesla Inc. | 0.20% | 895 | $284K | Reduce -1.8% |
| GOOGL Alphabet Inc. Class A | 0.19% | 1,517 | $267K | Reduce -18.8% |
| GLXY Galaxy Digital Inc. Class A | 0.18% | 11,673 | $256K | New |
| NEE Nextera Energy Inc. | 0.17% | 3,336 | $232K | No change |
| WM Waste Management Inc. | 0.16% | 985 | $225K | New |
| IVV iShares Core S&P 500 ETF | 0.15% | 343 | $213K | New |
| JPM JPMorgan Chase & Co. | 0.15% | 719 | $209K | New |
| ARES ACQUISITION CORP II | 0.13% | 15,643 | $177K | New |
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -40.8% | 3.91% | −3.13 |
| BNL Broadstone Net Lease Inc. | Reduce -1.1% | 10.29% | −0.60 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -19.5% | 1.00% | −0.17 |
| AG First Majestic Silver Corp. | Sold out | 0.00% | −0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -17.0% | 1.33% | −0.10 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -23.5% | 0.98% | −0.09 |
| CRM Salesforce Inc. | Reduce -14.2% | 0.22% | −0.03 |
| AVAL Grupo Aval Acciones Y Valore | Sold out | 0.00% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -18.8% | 0.19% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -5.7% | 1.02% | +0.00 |
| TSLA Tesla Inc. | Reduce -1.8% | 0.20% | +0.04 |
| ARES Ares Management Corp. Class A | Reduce -8.6% | 0.48% | +0.04 |
| COIN Coinbase Global Inc. Class A | Reduce -35.4% | 0.34% | +0.08 |
| MSFT Microsoft Corp. | Reduce -14.5% | 1.37% | +0.18 |
| META Meta Platforms Inc. Class A | Reduce -1.6% | 1.26% | +0.27 |
| AMZN Amazon.com Inc. | Reduce -5.5% | 4.20% | +0.40 |
| NVDA Nvidia Corp. | Reduce -8.9% | 2.15% | +0.56 |
Portfolio Buys Q1 2025 → Q2 2025
| ARCC Ares Capital Corp. | Add +5.7% | 16.54% | +0.97 |
| OBDC Blue Owl Capital Corp. | Add +3.6% | 22.71% | +0.62 |
| FSK FS KKR Capital Corp. | Add +14.6% | 3.62% | +0.48 |
| MO Altria Group Inc. | Add +14.1% | 2.54% | +0.29 |
| ASTS Ast Spacemobile Inc. | New | 0.25% | +0.25 |
| AVGO Broadcom Inc. | Add +29.9% | 0.40% | +0.22 |
| GLXY Galaxy Digital Inc. Class A | New | 0.18% | +0.18 |
| IBM Intl Business Machines Corp. | Add +0.6% | 1.00% | +0.17 |
| WM Waste Management Inc. | New | 0.16% | +0.16 |
| IVV iShares Core S&P 500 ETF | New | 0.15% | +0.15 |
| JPM JPMorgan Chase & Co. | New | 0.15% | +0.15 |
| ARES ACQUISITION CORP II | New | 0.13% | +0.13 |
| HPE Hewlett Packard Enterprise | Add +0.9% | 0.41% | +0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +11.1% | 3.59% | +0.10 |
| BLK BlackRock Inc. | Add +0.5% | 0.33% | +0.04 |
| OWL Blue Owl Capital Inc. | Add +1.2% | 0.35% | −0.01 |
| HPQ HP Inc. | Add +1.0% | 0.51% | −0.05 |
| LLY Eli Lilly & Co. | Add +1.4% | 10.56% | −0.31 |
| EPD Enterprise Products Partners | Add +0.2% | 4.22% | −0.35 |
| OKE Oneok Inc. | Add +1.3% | 3.10% | −0.56 |
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 |