Sage Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Sage Capital Management, LLC reported 157 stock positions worth $197.9 million. Its top holding was Nvidia (NVDA) at 4.8% of the portfolio, followed by Global X US Infrastructure (PAVE, 4.6%) and SS Technology Select Sector (XLK, 3.9%). Compared with Q3 2024, it opened 2 new positions, sold out of 6, added to 62 and reduced 65. The biggest buy was Nvidia (NVDA, shares +1%) and the biggest sale Abrdn Healthcare Investors (HQH, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- Stockton, NJ
- CIK
- 0002030667
- Portfolio Value
- $197.9M (Q4 2024)
- SEC Filing
- 0001172661-25-000718 ↗ filed Feb 12, 2025
Holdings Value
Holdings 157 stocks · $197.9M
| NVDA Nvidia Corp. | 4.78% | 70,431 | $9.5M | Add +1.0% |
| PAVE Global X US Infrastructure | 4.59% | 224,559 | $9.1M | Reduce -2.3% |
| XLK SS Technology Select Sector | 3.94% | 33,543 | $7.8M | Reduce -5.1% |
| PHO Invesco Water Resources ETF | 3.79% | 113,890 | $7.5M | Reduce -3.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.76% | 12,690 | $7.4M | Reduce -8.9% |
| AAPL Apple Inc. | 3.47% | 27,394 | $6.9M | Reduce -5.1% |
| QQQ Invesco QQQ Trust Series 1 | 3.00% | 11,609 | $5.9M | Reduce -4.8% |
| HACK Amplify Cybersecurity ETF | 2.91% | 77,269 | $5.8M | Reduce -3.2% |
| XLP SS Consumer Staples Sel Sect | 2.56% | 64,323 | $5.1M | Reduce -1.4% |
| RSP Invesco S&P 500 Equal Weight | 2.55% | 28,765 | $5.0M | Add +0.8% |
| XITK SS SPDR F Inno Tech ETF | 2.42% | 27,547 | $4.8M | No change |
| DON Wisdomtree US Midcap Dividen | 2.40% | 93,091 | $4.7M | Add +0.4% |
| CWB SS SPDR BB Conv Sec ETF | 2.03% | 51,481 | $4.0M | Reduce -1.1% |
| STXF Strive 500 ETF | 1.87% | 97,955 | $3.7M | Reduce -4.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.71% | 15,402 | $3.4M | Reduce -14.6% |
| BOTZ Global X Robotics & Artifici | 1.68% | 103,765 | $3.3M | Reduce -0.9% |
| SDY SS SPDR S&P Dividend ETF | 1.61% | 24,180 | $3.2M | Reduce -0.9% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.55% | 29,192 | $3.1M | Reduce -2.8% |
| MSFT Microsoft Corp. | 1.46% | 6,863 | $2.9M | Reduce -7.1% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 1.46% | 206,613 | $2.9M | Add +2.4% |
| MINT PIMCO Enhanced Short Maturit | 1.34% | 26,438 | $2.7M | Reduce -5.5% |
| PBJ Invesco Food & Beverage ETF | 1.32% | 56,017 | $2.6M | Add +0.3% |
| HQH Abrdn Healthcare Investors | 1.23% | 151,944 | $2.4M | Reduce -25.5% |
| CIBR First Trust Nasdaq Cybersecu | 1.02% | 31,830 | $2.0M | Reduce -9.9% |
| XBI SS SPDR S&P Biotech ETF | 1.00% | 21,902 | $2.0M | Reduce -7.3% |
| JEPI JPMorgan Equity Premium Inco | 0.96% | 33,180 | $1.9M | Add +0.7% |
| OTIS Otis Worldwide Corp. | 0.91% | 19,533 | $1.8M | Add +1.3% |
| TQQQ Proshares Ultrapro QQQ | 0.90% | 22,537 | $1.8M | Add +0.5% |
| IWF iShares Russell 1000 Growth | 0.89% | 4,368 | $1.8M | Add +0.1% |
| GRID First TRST Nasd Class Edg Sgiif | 0.88% | 14,585 | $1.7M | Add +0.1% |
| LAMR Lamar Advertising Co. Class A | 0.85% | 13,886 | $1.7M | Reduce -2.3% |
| SKYY First Trust Cloud Computing | 0.84% | 13,903 | $1.7M | Reduce -8.0% |
| SDOG Alps Sector Dividend Dogs | 0.83% | 29,225 | $1.7M | Reduce -0.4% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.81% | 3,766 | $1.6M | Add +6.9% |
| XHB SS SPDR S&P Homebldrs ETF | 0.79% | 14,916 | $1.6M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.78% | 3,406 | $1.5M | Add +1.5% |
| FDN First Trust DJ Internet Ind | 0.76% | 6,189 | $1.5M | Reduce -4.9% |
| HEDJ Wisdomtree Europe Hedged Equ | 0.76% | 34,284 | $1.5M | Add +0.5% |
| AMT American Tower Corp. | 0.72% | 7,771 | $1.4M | Add +0.5% |
| XLV SS Health Care Select Sector | 0.72% | 10,331 | $1.4M | Reduce -11.9% |
| IJH iShares Core S&P Midcap ETF | 0.68% | 21,593 | $1.3M | Reduce -2.7% |
| AMZN Amazon.com Inc. | 0.67% | 6,087 | $1.3M | Reduce -6.0% |
| PSA Public Storage | 0.66% | 4,353 | $1.3M | Reduce -2.6% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.64% | 30,622 | $1.3M | Add +0.6% |
| SPHQ Invesco S&P 500 Quality ETF | 0.63% | 18,606 | $1.2M | Reduce -1.0% |
| VTIP Vanguard Short-Term Tips | 0.55% | 22,627 | $1.1M | Reduce -19.1% |
| OKE Oneok Inc. | 0.53% | 10,491 | $1.1M | Add +0.8% |
| IVV iShares Core S&P 500 ETF | 0.53% | 1,769 | $1.0M | Add +0.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.52% | 13,697 | $1.0M | Add +0.6% |
| SNY Sanofi-ADR | 0.51% | 21,086 | $1.0M | No change |
| COST Costco Wholesale Corp. | 0.51% | 1,099 | $1.0M | Reduce -10.6% |
| SPHD Invesco S&P 500 High Dividen | 0.49% | 20,048 | $969K | Reduce -6.3% |
| FIW First Trust Water ETF | 0.49% | 9,424 | $962K | Add +0.5% |
| XLB SS Materials Select Sector | 0.46% | 10,862 | $914K | Reduce -13.6% |
| XOM Exxon Mobil Corp. | 0.44% | 8,028 | $864K | Reduce -28.5% |
| EWU iShares MSCI United Kingdom | 0.44% | 25,433 | $862K | Add +1.6% |
| PG The Procter & Gamble Co. | 0.42% | 4,972 | $834K | Reduce -5.7% |
| STAG Stag Industrial Inc. | 0.39% | 22,636 | $766K | Add +0.6% |
| VAW Vanguard Materials ETF | 0.38% | 3,980 | $748K | Reduce -15.6% |
| AXP American Express Co. | 0.37% | 2,494 | $740K | No change |
| INDA iShares MSCI India ETF | 0.36% | 13,452 | $708K | Add +0.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.35% | 2,040 | $699K | Add +7.9% |
| LLY Eli Lilly & Co. | 0.34% | 884 | $682K | Reduce -13.6% |
| VIG Vanguard Dividend Apprec ETF | 0.34% | 3,437 | $673K | Add +0.4% |
| META Meta Platforms Inc. Class A | 0.34% | 1,144 | $670K | No change |
| TSLA Tesla Inc. | 0.34% | 1,656 | $669K | No change |
| ECL Ecolab Inc. | 0.34% | 2,840 | $665K | Add +0.0% |
| DLR Digital Realty Trust Inc. | 0.33% | 3,710 | $658K | No change |
| IYH iShares U.S. Healthcare ETF | 0.33% | 11,154 | $650K | Add +0.3% |
| HD Home Depot Inc. | 0.32% | 1,632 | $635K | Reduce -8.8% |
| PECO Phillips Edison & Company Inc. | 0.32% | 16,895 | $633K | Add +0.3% |
| XLY SS Consumer Disc Select Sect | 0.31% | 2,735 | $613K | Add +0.2% |
| ABBV Abbvie Inc. | 0.31% | 3,447 | $613K | Add +1.7% |
| MAR Marriott International Class A | 0.31% | 2,171 | $606K | Reduce -2.2% |
| HST Host Hotels & Resorts Inc. | 0.30% | 34,177 | $599K | Add +0.6% |
| GOOGL Alphabet Inc. Class A | 0.30% | 3,122 | $591K | Reduce -16.1% |
| RQI Cohen & Steers Qual Inc. RLTY | 0.30% | 48,252 | $591K | Reduce -1.0% |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 0.30% | 16,902 | $584K | Add +0.6% |
| WMT Walmart Inc. | 0.29% | 6,300 | $569K | No change |
| TECL Dire Dai Tec Bull 3X ETF-Usd | 0.29% | 6,280 | $569K | Add +0.5% |
| PFF iShares Preferred & Income S | 0.27% | 17,255 | $543K | Reduce -33.8% |
| IHI iShares U.S. Medical Devices | 0.27% | 9,290 | $542K | Reduce -10.4% |
| VCIT Vanguard Int-Term Corporate | 0.27% | 6,708 | $538K | Reduce -4.6% |
| WMB Williams Cos Inc. | 0.27% | 9,700 | $525K | Reduce -0.7% |
| IFRA iShares US Infrastructure | 0.26% | 10,949 | $507K | Add +0.1% |
| KRE SS SPDR S&P Regional Bank | 0.25% | 8,259 | $498K | Reduce -0.3% |
| MVV Proshares Ultra MIDCAP400 | 0.25% | 7,281 | $494K | Add +0.2% |
| LIT Global X Lithium & Battery T | 0.25% | 12,070 | $492K | Reduce -21.1% |
| PLTR Palantir Technologies Inc. Class A | 0.25% | 6,500 | $492K | No change |
| IWN iShares Russell 2000 Value E | 0.24% | 2,953 | $485K | Reduce -14.9% |
| RSPU Invesco S&P 500 Equal Weight | 0.24% | 7,194 | $473K | Add +0.6% |
| PEP Pepsico Inc. | 0.23% | 3,042 | $463K | No change |
| VNQ Vanguard Real Estate ETF | 0.23% | 5,107 | $455K | Add +1.5% |
| CHD Church & Dwight Co. Inc. | 0.23% | 4,261 | $446K | No change |
| DVY iShares Select Dividend ETF | 0.22% | 3,302 | $433K | Add +0.9% |
| FELG Fidelity Enh LRG Cap GWTH | 0.22% | 12,250 | $433K | Add +0.1% |
| IWO iShares Russell 2000 Growth | 0.22% | 1,487 | $428K | Reduce -16.6% |
| RSPS Invesco S&P 500 Equal Weight | 0.21% | 13,774 | $415K | Add +0.4% |
| ET Energy Transfer LP | 0.21% | 20,989 | $411K | Add +3.6% |
| WES Western Midstream Partners L | 0.20% | 10,339 | $397K | Reduce -5.7% |
Portfolio Sells Q3 2024 → Q4 2024
| HQH Abrdn Healthcare Investors | Reduce -25.5% | 1.23% | −0.59 |
| PHO Invesco Water Resources ETF | Reduce -3.4% | 3.79% | −0.21 |
| IBM Intl Business Machines Corp. | Reduce -14.6% | 1.71% | −0.20 |
| HFRO Highland Opport & Income | Reduce -62.3% | 0.10% | −0.20 |
| XOM Exxon Mobil Corp. | Reduce -28.5% | 0.44% | −0.20 |
| IRM Iron Mountain Inc. | Reduce -2.8% | 1.55% | −0.16 |
| XLV SS Health Care Select Sector | Reduce -11.9% | 0.72% | −0.15 |
| PFF iShares Preferred & Income S | Reduce -33.8% | 0.27% | −0.14 |
| XBI SS SPDR S&P Biotech ETF | Reduce -7.3% | 1.00% | −0.13 |
| PSA Public Storage | Reduce -2.6% | 0.66% | −0.12 |
| XLB SS Materials Select Sector | Reduce -13.6% | 0.46% | −0.12 |
| VTIP Vanguard Short-Term Tips | Reduce -19.1% | 0.55% | −0.11 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.11 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.10 |
| XSLV Invesco S&P Smallcap Low Vol | Sold out | 0.00% | −0.10 |
| VAW Vanguard Materials ETF | Reduce -15.6% | 0.38% | −0.10 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.10 |
| HYLB Xtrackers Usd High Yield Cor | Sold out | 0.00% | −0.10 |
| LLY Eli Lilly & Co. | Reduce -13.6% | 0.34% | −0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -8.9% | 3.76% | −0.08 |
| LIT Global X Lithium & Battery T | Reduce -21.1% | 0.25% | −0.07 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -53.7% | 0.06% | −0.07 |
| HRZN Horizon Technology Finance C | Reduce -46.0% | 0.06% | −0.07 |
| MSFT Microsoft Corp. | Reduce -7.1% | 1.46% | −0.06 |
| LAMR Lamar Advertising Co. Class A | Reduce -2.3% | 0.85% | −0.06 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.9% | 1.61% | −0.05 |
| FPF First TR Interm Dur & Inc. | Reduce -32.3% | 0.10% | −0.05 |
| XLP SS Consumer Staples Sel Sect | Reduce -1.4% | 2.56% | −0.04 |
| RQI Cohen & Steers Qual Inc. RLTY | Reduce -1.0% | 0.30% | −0.03 |
| IWN iShares Russell 2000 Value E | Reduce -14.9% | 0.24% | −0.03 |
| SPHD Invesco S&P 500 High Dividen | Reduce -6.3% | 0.49% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -29.1% | 0.15% | −0.03 |
| HD Home Depot Inc. | Reduce -8.8% | 0.32% | −0.03 |
| IWO iShares Russell 2000 Growth | Reduce -16.6% | 0.22% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -19.2% | 0.18% | −0.03 |
| IHI iShares U.S. Medical Devices | Reduce -10.4% | 0.27% | −0.02 |
| JEF Jefferies Financial Group Inc. | Reduce -33.3% | 0.17% | −0.02 |
| JNJ Johnson & Johnson | Reduce -2.2% | 0.20% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -5.7% | 0.42% | −0.02 |
| CVGI Commercial Vehicle Group Inc. | Sold out | 0.00% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -10.6% | 0.51% | −0.01 |
| MINT PIMCO Enhanced Short Maturit | Reduce -5.5% | 1.34% | −0.01 |
| VCIT Vanguard Int-Term Corporate | Reduce -4.6% | 0.27% | −0.01 |
| PFE Pfizer Inc. | Reduce -1.5% | 0.18% | −0.01 |
| KBE SS SPDR S&P Bank ETF | Reduce -13.4% | 0.17% | −0.01 |
| CUTRQ Cutera Inc. | Reduce -43.2% | 0.00% | −0.01 |
| CLIX Proshares Long Online/Short | Reduce -6.8% | 0.11% | −0.00 |
| WES Western Midstream Partners L | Reduce -5.7% | 0.20% | −0.00 |
| BRW Saba Capital Income & Opport | Reduce -3.0% | 0.05% | +0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -16.1% | 0.30% | +0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Add +1.0% | 4.78% | +0.71 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Add +2.4% | 1.46% | +0.13 |
| TQQQ Proshares Ultrapro QQQ | Add +0.5% | 0.90% | +0.12 |
| DON Wisdomtree US Midcap Dividen | Add +0.4% | 2.40% | +0.12 |
| UNM Unum Group | New | 0.11% | +0.11 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 0.89% | +0.10 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +7.9% | 0.35% | +0.10 |
| DIA SS SPDR Dow Jones Indus Avg | Add +6.9% | 0.81% | +0.09 |
| RSP Invesco S&P 500 Equal Weight | Add +0.8% | 2.55% | +0.09 |
| OKE Oneok Inc. | Add +0.8% | 0.53% | +0.08 |
| ET Energy Transfer LP | Add +3.6% | 0.21% | +0.05 |
| XLY SS Consumer Disc Select Sect | Add +0.2% | 0.31% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.5% | 0.78% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +0.2% | 0.53% | +0.04 |
| DBEF Xtrackers MSCI Eafe Hedged E | Add +0.6% | 0.64% | +0.03 |
| TECL Dire Dai Tec Bull 3X ETF-Usd | Add +0.5% | 0.29% | +0.02 |
| FELG Fidelity Enh LRG Cap GWTH | Add +0.1% | 0.22% | +0.02 |
| JEPI JPMorgan Equity Premium Inco | Add +0.7% | 0.96% | +0.02 |
| HEDJ Wisdomtree Europe Hedged Equ | Add +0.5% | 0.76% | +0.02 |
| PBJ Invesco Food & Beverage ETF | Add +0.3% | 1.32% | +0.02 |
| GILD Gilead Sciences Inc. | Add +0.8% | 0.11% | +0.02 |
| AVK Advent Convert & Income | Add +3.1% | 0.19% | +0.02 |
| HST Host Hotels & Resorts Inc. | Add +0.6% | 0.30% | +0.02 |
| PECO Phillips Edison & Company Inc. | Add +0.3% | 0.32% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +0.4% | 0.34% | +0.01 |
| IJS iShares S&P Small-Cap 600 Va | Add +0.4% | 0.20% | +0.01 |
| T AT&T Inc. | Add +1.1% | 0.12% | +0.01 |
| OPEN Opendoor Technologies Inc. | New | 0.01% | +0.01 |
| SSO Proshares Ultra S&P500 | Add +0.3% | 0.13% | +0.01 |
| IFRA iShares US Infrastructure | Add +0.1% | 0.26% | +0.01 |
| QYLD Global X Nasd 100 Cov Call | Add +1.2% | 0.13% | +0.01 |
| MVV Proshares Ultra MIDCAP400 | Add +0.2% | 0.25% | +0.01 |
| ABT Abbott Laboratories | Add +0.1% | 0.20% | +0.01 |
| VYM Vanguard High DVD Yield ETF | Add +0.8% | 0.16% | +0.01 |
| RSPT Invesco S&P 500 Equal Weight | Add +0.1% | 0.18% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +0.6% | 0.19% | +0.01 |
| DVY iShares Select Dividend ETF | Add +0.9% | 0.22% | +0.01 |
| IYT iShares US Transportation Et | Add +0.2% | 0.11% | +0.00 |
| XLI SS Industrial Select Sector | Add +0.5% | 0.13% | +0.00 |
| XLE SS Energy Select Sector | Add +0.5% | 0.10% | +0.00 |
| RSPU Invesco S&P 500 Equal Weight | Add +0.6% | 0.24% | +0.00 |
| MCD McDonald's Corp. | Add +0.2% | 0.15% | +0.00 |
| COP Conocophillips | Add +0.6% | 0.10% | −0.00 |
| LTC LTC Properties Inc. | Add +0.6% | 0.30% | −0.00 |
| RSPS Invesco S&P 500 Equal Weight | Add +0.4% | 0.21% | −0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +0.6% | 0.52% | −0.00 |
| VNQ Vanguard Real Estate ETF | Add +1.5% | 0.23% | −0.01 |
| FIW First Trust Water ETF | Add +0.5% | 0.49% | −0.01 |
| THW Abrdn World Healthcare Fund | Add +4.1% | 0.07% | −0.01 |
| VICI Vici Properties Inc. | Add +0.0% | 0.11% | −0.01 |
Notes & Other Activity Q3 2024 → Q4 2024
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Sold out | 160 | $204Kbefore exit |
| ADVENT CONVERTIBLE AND INCOM | RIGHT 10/17/2024 | Sold out | 25,200 | $504before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 166 | $256.2M | NVDA, XLK, PAVE, QQQ, SPY |
| Q1 2026 | 163 | $212.8M | NVDA, PAVE, XLK, QQQ, SPY |
| Q4 2025 | 161 | $216.4M | NVDA, PAVE, XLK, QQQ, SPY |
| Q3 2025 | 157 | $222.2M | NVDA, PAVE, XLK, SPY, QQQ |
| Q2 2025 | 157 | $207.8M | NVDA, PAVE, XLK, PHO, SPY |
| Q1 2025 | 152 | $184.2M | PAVE, NVDA, PHO, XLK, SPY |
| Q4 2024 | 157 | $197.9M | NVDA, PAVE, XLK, PHO, SPY |
| Q3 2024 | 161 | $208.2M | PAVE, NVDA, PHO, SPY, XLK |
| Q2 2024 | 154 | $190.3M | NVDA, PAVE, SPY, PHO, XLK |
| Q1 2024 | 152 | $184.3M | PAVE, PHO, SPY, XLK, NVDA |