Sage Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Sage Capital Management, LLC reported 152 stock positions worth $184.2 million. Its top holding was Global X US Infrastructure (PAVE) at 4.7% of the portfolio, followed by Nvidia (NVDA, 4.2%) and Invesco Water Resources ETF (PHO, 4.0%). Compared with Q4 2024, it opened 2 new positions, sold out of 7, added to 82 and reduced 37. The biggest buy was Strive 500 ETF (STXF, shares +17%) and the biggest sale Apple (AAPL, shares −51%).
- Most Recent 13F
- Q2 2026
- Location
- Stockton, NJ
- CIK
- 0002030667
- Portfolio Value
- $184.2M (Q1 2025)
- SEC Filing
- 0001172661-25-002002 ↗ filed May 15, 2025
Holdings Value
Holdings 152 stocks · $184.2M
| PAVE Global X US Infrastructure | 4.70% | 229,472 | $8.7M | Add +2.2% |
| NVDA Nvidia Corp. | 4.23% | 71,953 | $7.8M | Add +2.2% |
| PHO Invesco Water Resources ETF | 3.99% | 114,009 | $7.4M | Add +0.1% |
| XLK SS Technology Select Sector | 3.76% | 33,538 | $6.9M | Reduce -0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.66% | 12,057 | $6.7M | Reduce -5.0% |
| QQQ Invesco QQQ Trust Series 1 | 3.09% | 12,145 | $5.7M | Add +4.6% |
| HACK Amplify Cybersecurity ETF | 2.98% | 76,485 | $5.5M | Reduce -1.0% |
| XLP SS Consumer Staples Sel Sect | 2.83% | 63,842 | $5.2M | Reduce -0.8% |
| RSP Invesco S&P 500 Equal Weight | 2.55% | 27,150 | $4.7M | Reduce -5.6% |
| DON Wisdomtree US Midcap Dividen | 2.51% | 93,283 | $4.6M | Add +0.2% |
| XITK SS SPDR F Inno Tech ETF | 2.39% | 27,547 | $4.4M | No change |
| STXF Strive 500 ETF | 2.24% | 114,227 | $4.1M | Add +16.6% |
| CWB SS SPDR BB Conv Sec ETF | 2.15% | 51,596 | $4.0M | Add +0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.03% | 15,023 | $3.7M | Reduce -2.5% |
| SDY SS SPDR S&P Dividend ETF | 1.79% | 24,325 | $3.3M | Add +0.6% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 1.77% | 249,250 | $3.3M | Add +20.6% |
| AAPL Apple Inc. | 1.63% | 13,497 | $3.0M | Reduce -50.7% |
| BOTZ Global X Robotics & Artifici | 1.63% | 105,206 | $3.0M | Add +1.4% |
| MINT PIMCO Enhanced Short Maturit | 1.42% | 26,002 | $2.6M | Reduce -1.6% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.35% | 28,928 | $2.5M | Reduce -0.9% |
| PBJ Invesco Food & Beverage ETF | 1.26% | 50,688 | $2.3M | Reduce -9.5% |
| MSFT Microsoft Corp. | 1.18% | 5,802 | $2.2M | Reduce -15.5% |
| CIBR First Trust Nasdaq Cybersecu | 1.11% | 32,602 | $2.1M | Add +2.4% |
| OTIS Otis Worldwide Corp. | 1.09% | 19,375 | $2.0M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.05% | 3,641 | $1.9M | Add +6.9% |
| JEPI JPMorgan Equity Premium Inco | 1.04% | 33,404 | $1.9M | Add +0.7% |
| XBI SS SPDR S&P Biotech ETF | 0.95% | 21,498 | $1.7M | Reduce -1.8% |
| AMT American Tower Corp. | 0.92% | 7,816 | $1.7M | Add +0.6% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.92% | 39,101 | $1.7M | Add +27.7% |
| GRID First TRST Nasd Class Edg Sgiif | 0.91% | 14,842 | $1.7M | Add +1.8% |
| SDOG Alps Sector Dividend Dogs | 0.89% | 28,350 | $1.6M | Reduce -3.0% |
| HEDJ Wisdomtree Europe Hedged Equ | 0.87% | 33,664 | $1.6M | Reduce -1.8% |
| LAMR Lamar Advertising Co. Class A | 0.87% | 14,015 | $1.6M | Add +0.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.86% | 3,775 | $1.6M | Add +0.2% |
| IWF iShares Russell 1000 Growth | 0.86% | 4,371 | $1.6M | Add +0.1% |
| SKYY First Trust Cloud Computing | 0.77% | 13,903 | $1.4M | No change |
| FDN First Trust DJ Internet Ind | 0.74% | 6,168 | $1.4M | Reduce -0.3% |
| PSA Public Storage | 0.70% | 4,333 | $1.3M | Reduce -0.5% |
| TQQQ Proshares Ultrapro QQQ | 0.70% | 22,537 | $1.3M | No change |
| IJH iShares Core S&P Midcap ETF | 0.69% | 21,646 | $1.3M | Add +0.3% |
| HQH Abrdn Healthcare Investors | 0.68% | 76,958 | $1.2M | Reduce -49.4% |
| SPHQ Invesco S&P 500 Quality ETF | 0.66% | 18,359 | $1.2M | Reduce -1.3% |
| VTIP Vanguard Short-Term Tips | 0.65% | 24,167 | $1.2M | Add +6.8% |
| XHB SS SPDR S&P Homebldrs ETF | 0.63% | 12,028 | $1.2M | Reduce -19.4% |
| OKE Oneok Inc. | 0.63% | 11,694 | $1.2M | Add +11.5% |
| AMZN Amazon.com Inc. | 0.61% | 5,908 | $1.1M | Reduce -2.9% |
| XLV SS Health Care Select Sector | 0.60% | 7,568 | $1.1M | Reduce -26.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.59% | 13,772 | $1.1M | Add +0.6% |
| SNY Sanofi-ADR | 0.59% | 19,521 | $1.1M | Reduce -7.4% |
| FIW First Trust Water ETF | 0.59% | 10,703 | $1.1M | Add +13.6% |
| COST Costco Wholesale Corp. | 0.56% | 1,099 | $1.0M | No change |
| SPHD Invesco S&P 500 High Dividen | 0.56% | 20,574 | $1.0M | Add +2.6% |
| IVV iShares Core S&P 500 ETF | 0.55% | 1,788 | $1.0M | Add +1.1% |
| XOM Exxon Mobil Corp. | 0.52% | 8,060 | $959K | Add +0.4% |
| EWU iShares MSCI United Kingdom | 0.52% | 25,433 | $953K | No change |
| XLB SS Materials Select Sector | 0.51% | 10,905 | $938K | Add +0.4% |
| PG The Procter & Gamble Co. | 0.46% | 4,987 | $850K | Add +0.3% |
| STAG Stag Industrial Inc. | 0.45% | 22,785 | $823K | Add +0.7% |
| VAW Vanguard Materials ETF | 0.41% | 3,994 | $755K | Add +0.3% |
| ABBV Abbvie Inc. | 0.39% | 3,455 | $724K | Add +0.2% |
| ECL Ecolab Inc. | 0.39% | 2,841 | $720K | Add +0.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.39% | 2,040 | $720K | No change |
| INDA iShares MSCI India ETF | 0.38% | 13,452 | $693K | No change |
| AXP American Express Co. | 0.36% | 2,494 | $671K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.36% | 3,443 | $668K | Add +0.2% |
| META Meta Platforms Inc. Class A | 0.36% | 1,144 | $660K | No change |
| PECO Phillips Edison & Company Inc. | 0.34% | 16,956 | $619K | Add +0.4% |
| RQI Cohen & Steers Qual Inc. RLTY | 0.34% | 49,164 | $617K | Add +1.9% |
| LLY Eli Lilly & Co. | 0.33% | 727 | $601K | Reduce -17.8% |
| HD Home Depot Inc. | 0.32% | 1,632 | $598K | No change |
| WMB Williams Cos Inc. | 0.32% | 9,783 | $585K | Add +0.9% |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 0.32% | 16,474 | $584K | Reduce -2.5% |
| IHI iShares U.S. Medical Devices | 0.30% | 9,295 | $559K | Add +0.1% |
| VCIT Vanguard Int-Term Corporate | 0.30% | 6,754 | $552K | Add +0.7% |
| XLY SS Consumer Disc Select Sect | 0.29% | 2,742 | $541K | Add +0.3% |
| DLR Digital Realty Trust Inc. | 0.29% | 3,721 | $533K | Add +0.3% |
| PFF iShares Preferred & Income S | 0.29% | 17,305 | $532K | Add +0.3% |
| MAR Marriott International Class A | 0.28% | 2,172 | $517K | Add +0.1% |
| IYH iShares U.S. Healthcare ETF | 0.28% | 8,487 | $517K | Reduce -23.9% |
| RSPU Invesco S&P 500 Equal Weight | 0.27% | 7,239 | $504K | Add +0.6% |
| WMT Walmart Inc. | 0.27% | 5,667 | $497K | Reduce -10.1% |
| IFRA iShares US Infrastructure | 0.27% | 10,967 | $494K | Add +0.2% |
| LIT Global X Lithium & Battery T | 0.26% | 12,355 | $479K | Add +2.4% |
| CHD Church & Dwight Co. Inc. | 0.25% | 4,261 | $469K | No change |
| VNQ Vanguard Real Estate ETF | 0.25% | 5,154 | $467K | Add +0.9% |
| ABT Abbott Laboratories | 0.25% | 3,442 | $457K | Add +0.1% |
| JNJ Johnson & Johnson | 0.25% | 2,750 | $456K | Add +0.4% |
| IWN iShares Russell 2000 Value E | 0.24% | 2,961 | $447K | Add +0.3% |
| DVY iShares Select Dividend ETF | 0.24% | 3,325 | $447K | Add +0.7% |
| KRE SS SPDR S&P Regional Bank | 0.24% | 7,850 | $446K | Reduce -5.0% |
| WES Western Midstream Partners L | 0.23% | 10,564 | $433K | Add +2.2% |
| PEP Pepsico Inc. | 0.23% | 2,856 | $428K | Reduce -6.1% |
| RSPS Invesco S&P 500 Equal Weight | 0.23% | 13,826 | $426K | Add +0.4% |
| MVV Proshares Ultra MIDCAP400 | 0.23% | 7,281 | $425K | No change |
| GOOGL Alphabet Inc. Class A | 0.22% | 2,583 | $399K | Reduce -17.3% |
| ET Energy Transfer LP | 0.21% | 21,205 | $394K | Add +1.0% |
| FELG Fidelity Enh LRG Cap GWTH | 0.21% | 12,332 | $388K | Add +0.7% |
| AVK Advent Convert & Income | 0.21% | 33,200 | $383K | Add +1.5% |
| IWO iShares Russell 2000 Growth | 0.21% | 1,488 | $380K | Add +0.1% |
| GD General Dynamics Corp. | 0.20% | 1,370 | $373K | Add +0.1% |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -50.7% | 1.63% | −1.84 |
| HQH Abrdn Healthcare Investors | Reduce -49.4% | 0.68% | −0.55 |
| MSFT Microsoft Corp. | Reduce -15.5% | 1.18% | −0.28 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.25 |
| TSLA Tesla Inc. | Reduce -48.9% | 0.12% | −0.22 |
| IRM Iron Mountain Inc. | Reduce -0.9% | 1.35% | −0.20 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.18 |
| XLK SS Technology Select Sector | Reduce -0.0% | 3.76% | −0.18 |
| HST Host Hotels & Resorts Inc. | Reduce -45.7% | 0.14% | −0.16 |
| XHB SS SPDR S&P Homebldrs ETF | Reduce -19.4% | 0.63% | −0.15 |
| XLV SS Health Care Select Sector | Reduce -26.7% | 0.60% | −0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.0% | 3.66% | −0.10 |
| GOOGL Alphabet Inc. Class A | Reduce -17.3% | 0.22% | −0.08 |
| AMZN Amazon.com Inc. | Reduce -2.9% | 0.61% | −0.06 |
| HRZN Horizon Technology Finance C | Sold out | 0.00% | −0.06 |
| PBJ Invesco Food & Beverage ETF | Reduce -9.5% | 1.26% | −0.05 |
| XBI SS SPDR S&P Biotech ETF | Reduce -1.8% | 0.95% | −0.05 |
| XEXGX Eaton Vance Tax-Managed Glob | Reduce -30.1% | 0.14% | −0.05 |
| IYH iShares U.S. Healthcare ETF | Reduce -23.9% | 0.28% | −0.05 |
| FUN Six Flags Entertainment Corp. | Reduce -5.0% | 0.14% | −0.04 |
| PSEC Prospect Capital Corp. | Sold out | 0.00% | −0.03 |
| HFRO Highland Opport & Income | Reduce -31.6% | 0.07% | −0.03 |
| QYLD Global X Nasd 100 Cov Call | Reduce -17.6% | 0.11% | −0.03 |
| NCV Virtus Convertible & Income | Sold out | 0.00% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -17.8% | 0.33% | −0.02 |
| WMT Walmart Inc. | Reduce -10.1% | 0.27% | −0.02 |
| FDN First Trust DJ Internet Ind | Reduce -0.3% | 0.74% | −0.02 |
| OPEN Opendoor Technologies Inc. | Sold out | 0.00% | −0.01 |
| KRE SS SPDR S&P Regional Bank | Reduce -5.0% | 0.24% | −0.01 |
| CUTRQ Cutera Inc. | Sold out | 0.00% | −0.00 |
| PEP Pepsico Inc. | Reduce -6.1% | 0.23% | −0.00 |
| THW Abrdn World Healthcare Fund | Reduce -4.7% | 0.08% | +0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -5.6% | 2.55% | +0.01 |
| LTC LTC Properties Inc. | Reduce -2.5% | 0.32% | +0.02 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -1.3% | 0.66% | +0.03 |
| PSA Public Storage | Reduce -0.5% | 0.70% | +0.05 |
| SDOG Alps Sector Dividend Dogs | Reduce -3.0% | 0.89% | +0.06 |
| HACK Amplify Cybersecurity ETF | Reduce -1.0% | 2.98% | +0.07 |
| SNY Sanofi-ADR | Reduce -7.4% | 0.59% | +0.07 |
| MINT PIMCO Enhanced Short Maturit | Reduce -1.6% | 1.42% | +0.08 |
| HEDJ Wisdomtree Europe Hedged Equ | Reduce -1.8% | 0.87% | +0.11 |
| OTIS Otis Worldwide Corp. | Reduce -0.8% | 1.09% | +0.17 |
| XLP SS Consumer Staples Sel Sect | Reduce -0.8% | 2.83% | +0.28 |
| IBM Intl Business Machines Corp. | Reduce -2.5% | 2.03% | +0.32 |
Portfolio Buys Q4 2024 → Q1 2025
| STXF Strive 500 ETF | Add +16.6% | 2.24% | +0.36 |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | Add +20.6% | 1.77% | +0.31 |
| DBEF Xtrackers MSCI Eafe Hedged E | Add +27.7% | 0.92% | +0.28 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +6.9% | 1.05% | +0.27 |
| PHO Invesco Water Resources ETF | Add +0.1% | 3.99% | +0.21 |
| AMT American Tower Corp. | Add +0.6% | 0.92% | +0.20 |
| SDY SS SPDR S&P Dividend ETF | Add +0.6% | 1.79% | +0.18 |
| NPFD Nuveen Var RT Pref & Inc. | New | 0.13% | +0.13 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.12% | +0.12 |
| CWB SS SPDR BB Conv Sec ETF | Add +0.2% | 2.15% | +0.12 |
| PAVE Global X US Infrastructure | Add +2.2% | 4.70% | +0.11 |
| DON Wisdomtree US Midcap Dividen | Add +0.2% | 2.51% | +0.11 |
| VTIP Vanguard Short-Term Tips | Add +6.8% | 0.65% | +0.10 |
| FIW First Trust Water ETF | Add +13.6% | 0.59% | +0.10 |
| OKE Oneok Inc. | Add +11.5% | 0.63% | +0.10 |
| CIBR First Trust Nasdaq Cybersecu | Add +2.4% | 1.11% | +0.09 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.6% | 3.09% | +0.09 |
| XOM Exxon Mobil Corp. | Add +0.4% | 0.52% | +0.08 |
| ABBV Abbvie Inc. | Add +0.2% | 0.39% | +0.08 |
| SPHD Invesco S&P 500 High Dividen | Add +2.6% | 0.56% | +0.07 |
| JEPI JPMorgan Equity Premium Inco | Add +0.7% | 1.04% | +0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +0.6% | 0.59% | +0.07 |
| STAG Stag Industrial Inc. | Add +0.7% | 0.45% | +0.06 |
| ED Consolidated Edison Inc. | Add +12.7% | 0.17% | +0.06 |
| ECL Ecolab Inc. | Add +0.0% | 0.39% | +0.05 |
| WMB Williams Cos Inc. | Add +0.9% | 0.32% | +0.05 |
| ABT Abbott Laboratories | Add +0.1% | 0.25% | +0.05 |
| DIA SS SPDR Dow Jones Indus Avg | Add +0.2% | 0.86% | +0.05 |
| JNJ Johnson & Johnson | Add +0.4% | 0.25% | +0.05 |
| XLB SS Materials Select Sector | Add +0.4% | 0.51% | +0.05 |
| T AT&T Inc. | Add +1.0% | 0.16% | +0.04 |
| PG The Procter & Gamble Co. | Add +0.3% | 0.46% | +0.04 |
| RQI Cohen & Steers Qual Inc. RLTY | Add +1.9% | 0.34% | +0.04 |
| GILD Gilead Sciences Inc. | Add +0.7% | 0.15% | +0.04 |
| RSPU Invesco S&P 500 Equal Weight | Add +0.6% | 0.27% | +0.03 |
| WES Western Midstream Partners L | Add +2.2% | 0.23% | +0.03 |
| GRID First TRST Nasd Class Edg Sgiif | Add +1.8% | 0.91% | +0.03 |
| VAW Vanguard Materials ETF | Add +0.3% | 0.41% | +0.03 |
| IHI iShares U.S. Medical Devices | Add +0.1% | 0.30% | +0.03 |
| VCIT Vanguard Int-Term Corporate | Add +0.7% | 0.30% | +0.03 |
| DVY iShares Select Dividend ETF | Add +0.7% | 0.24% | +0.02 |
| VNQ Vanguard Real Estate ETF | Add +0.9% | 0.25% | +0.02 |
| MCD McDonald's Corp. | Add +0.2% | 0.17% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +0.2% | 0.36% | +0.02 |
| JPC Nuveen Prefered & Income Opp | Add +16.7% | 0.11% | +0.02 |
| VICI Vici Properties Inc. | Add +0.0% | 0.13% | +0.02 |
| UNM Unum Group | Add +0.6% | 0.13% | +0.02 |
| RSPS Invesco S&P 500 Equal Weight | Add +0.4% | 0.23% | +0.02 |
| VYM Vanguard High DVD Yield ETF | Add +4.3% | 0.18% | +0.02 |
| GD General Dynamics Corp. | Add +0.1% | 0.20% | +0.02 |
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 |