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

0$100.0M$200.0M$300.0M Q1 2024: $184.3M Q1 2024 Q2 2024: $190.3M Q2 2024 Q3 2024: $208.2M Q3 2024 Q4 2024: $197.9M Q4 2024 Q1 2025: $184.2M $184.2M Q1 2025 Q2 2025: $207.8M Q2 2025 Q3 2025: $222.2M Q3 2025 Q4 2025: $216.4M Q4 2025 Q1 2026: $212.8M Q1 2026 Q2 2026: $256.2M Q2 2026

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%
TECL Dire Dai Tec Bull 3X ETF-Usd 0.20% 6,280 $368K No change
XAODX Abrdn Total Dynamic Dividend 0.19% 42,500 $357K No change
IJS iShares S&P Small-Cap 600 Va 0.19% 3,573 $348K Add +0.3%
IJR iShares Core S&P Small-Cap E 0.19% 3,311 $346K Add +0.1%
VTI VG Morningstar TS MKT ETF-US 0.19% 1,242 $341K Add +0.3%
VYM Vanguard High DVD Yield ETF 0.18% 2,617 $337K Add +4.3%
RSPT Invesco S&P 500 Equal Weight 0.18% 9,632 $329K Add +0.2%
KBE SS SPDR S&P Bank ETF 0.18% 6,177 $327K Add +0.7%
JPM JPMorgan Chase & Co. 0.17% 1,282 $314K Add +0.3%
ED Consolidated Edison Inc. 0.17% 2,819 $312K Add +12.7%
MCD McDonald's Corp. 0.17% 996 $311K Add +0.2%
DSI iShares ESG MSCI KLD 400 ETF 0.16% 2,835 $290K No change
T AT&T Inc. 0.16% 10,219 $289K Add +1.0%
TXN Texas Instruments Inc. 0.16% 1,600 $288K No change
GILD Gilead Sciences Inc. 0.15% 2,435 $273K Add +0.7%
XEXGX Eaton Vance Tax-Managed Glob 0.14% 32,431 $264K Reduce -30.1%
HST Host Hotels & Resorts Inc. 0.14% 18,551 $264K Reduce -45.7%
CVX Chevron Corp. 0.14% 1,550 $259K No change
IWM iShares Russell 2000 ETF 0.14% 1,264 $252K Add +0.2%
FUN Six Flags Entertainment Corp. 0.14% 7,040 $251K Reduce -5.0%
XLI SS Industrial Select Sector 0.13% 1,895 $248K Add +0.3%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.13% 7,602 $248K Add +0.0%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.13% 2,909 $244K Add +0.0%
UNM Unum Group 0.13% 2,937 $239K Add +0.6%
ARM Arm Holdings PLC-ADR 0.13% 2,232 $238K No change
JEF Jefferies Financial Group Inc. 0.13% 4,407 $236K Add +0.6%
NPFD Nuveen Var RT Pref & Inc. 0.13% 12,500 $235K New
VRTX Vertex Pharmaceuticals Inc. 0.12% 472 $229K New
SSO Proshares Ultra S&P500 0.12% 2,676 $222K No change
CLIX Proshares Long Online/Short 0.12% 4,802 $221K No change
XLE SS Energy Select Sector 0.12% 2,367 $221K Add +0.4%
TSLA Tesla Inc. 0.12% 846 $219K Reduce -48.9%
PLD Prologis Inc. 0.12% 1,929 $216K Add +0.1%
COP Conocophillips 0.12% 2,049 $215K Add +0.7%
XLF SS Financial Select Sector 0.12% 4,293 $214K No change
NSC Norfolk Southern Corp. 0.12% 895 $212K No change
CR Crane Co. 0.11% 1,351 $207K No change
TSM Taiwan Semiconductor-SP ADR 0.11% 1,233 $205K No change
IYT iShares US Transportation Et 0.11% 3,140 $201K Add +0.3%
JPC Nuveen Prefered & Income Opp 0.11% 24,500 $195K Add +16.7%
QYLD Global X Nasd 100 Cov Call 0.11% 11,682 $194K Reduce -17.6%
FPF First TR Interm Dur & Inc. 0.10% 10,500 $193K No change
FAN First Trust Global Wind Ener 0.10% 12,856 $193K Add +0.0%
THW Abrdn World Healthcare Fund 0.08% 12,100 $140K Reduce -4.7%
HFRO Highland Opport & Income 0.07% 26,176 $136K Reduce -31.6%
EOD Allspring Global Dividend Op 0.07% 26,369 $131K No change
NMZ Nuveen Muni Hi Inc. Opport 0.06% 10,500 $115K No change
CX Cemex Sab-Spons ADR Part Cer 0.06% 19,845 $111K Add +0.1%
BRW Saba Capital Income & Opport 0.06% 13,500 $105K No change
XIGDX Voya GLBL Eqty DVD & PRM Opp 0.05% 16,000 $92K No change
ORMP Oramed Pharmaceuticals Inc. 0.02% 16,750 $36K No change
AMARIN CORP PLC 0.00% 13,000 $6K No change

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 166$256.2MNVDA, XLK, PAVE, QQQ, SPY
Q1 2026 163$212.8MNVDA, PAVE, XLK, QQQ, SPY
Q4 2025 161$216.4MNVDA, PAVE, XLK, QQQ, SPY
Q3 2025 157$222.2MNVDA, PAVE, XLK, SPY, QQQ
Q2 2025 157$207.8MNVDA, PAVE, XLK, PHO, SPY
Q1 2025 152$184.2MPAVE, NVDA, PHO, XLK, SPY
Q4 2024 157$197.9MNVDA, PAVE, XLK, PHO, SPY
Q3 2024 161$208.2MPAVE, NVDA, PHO, SPY, XLK
Q2 2024 154$190.3MNVDA, PAVE, SPY, PHO, XLK
Q1 2024 152$184.3MPAVE, PHO, SPY, XLK, NVDA