Sage Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Sage Capital Management, LLC reported 157 stock positions worth $207.8 million. Its top holding was Nvidia (NVDA) at 5.7% of the portfolio, followed by Global X US Infrastructure (PAVE, 4.8%) and SS Technology Select Sector (XLK, 4.1%). Compared with Q1 2025, it opened 9 new positions, sold out of 4, added to 82 and reduced 40. The biggest buy was a new position in Defiance Quantum ETF (QTUM) and the biggest sale Wisdomtree US Midcap Dividen (DON, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- Stockton, NJ
- CIK
- 0002030667
- Portfolio Value
- $207.8M (Q2 2025)
- SEC Filing
- 0001172661-25-002884 ↗ filed Aug 5, 2025
Holdings Value
Holdings 157 stocks · $207.8M
| NVDA Nvidia Corp. | 5.75% | 75,552 | $11.9M | Add +5.0% |
| PAVE Global X US Infrastructure | 4.76% | 226,772 | $9.9M | Reduce -1.2% |
| XLK SS Technology Select Sector | 4.12% | 33,804 | $8.6M | Add +0.8% |
| PHO Invesco Water Resources ETF | 3.81% | 113,211 | $7.9M | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.63% | 12,221 | $7.6M | Add +1.4% |
| QQQ Invesco QQQ Trust Series 1 | 3.31% | 12,483 | $6.9M | Add +2.8% |
| HACK Amplify Cybersecurity ETF | 3.17% | 76,335 | $6.6M | Reduce -0.2% |
| XLP SS Consumer Staples Sel Sect | 2.50% | 64,191 | $5.2M | Add +0.6% |
| XITK SS SPDR F Inno Tech ETF | 2.49% | 27,347 | $5.2M | Reduce -0.7% |
| RSP Invesco S&P 500 Equal Weight | 2.35% | 26,873 | $4.9M | Reduce -1.0% |
| STXF Strive 500 ETF | 2.23% | 115,721 | $4.6M | Add +1.3% |
| DON Wisdomtree US Midcap Dividen | 2.21% | 91,672 | $4.6M | Reduce -1.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.14% | 15,074 | $4.4M | Add +0.3% |
| CWB SS SPDR BB Conv Sec ETF | 1.96% | 49,246 | $4.1M | Reduce -4.5% |
| XBXMX Nuveen S&P 500 Buy-WR Inc. | 1.70% | 255,095 | $3.5M | Add +2.4% |
| BOTZ Global X Robotics & Artifici | 1.62% | 103,245 | $3.4M | Reduce -1.9% |
| QTUM Defiance Quantum ETF | 1.54% | 34,946 | $3.2M | New |
| SDY SS SPDR S&P Dividend ETF | 1.54% | 23,638 | $3.2M | Reduce -2.8% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.44% | 29,078 | $3.0M | Add +0.5% |
| MSFT Microsoft Corp. | 1.39% | 5,806 | $2.9M | Add +0.1% |
| AAPL Apple Inc. | 1.33% | 13,508 | $2.8M | Add +0.1% |
| MINT PIMCO Enhanced Short Maturit | 1.31% | 27,172 | $2.7M | Add +4.5% |
| CIBR First Trust Nasdaq Cybersecu | 1.21% | 33,368 | $2.5M | Add +2.4% |
| PBJ Invesco Food & Beverage ETF | 1.14% | 50,261 | $2.4M | Reduce -0.8% |
| GRID First TRST Nasd Class Edg Sgiif | 1.01% | 15,075 | $2.1M | Add +1.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.94% | 3,817 | $1.9M | Add +87.1% |
| JEPI JPMorgan Equity Premium Inco | 0.92% | 33,729 | $1.9M | Add +1.0% |
| OTIS Otis Worldwide Corp. | 0.91% | 19,045 | $1.9M | Reduce -1.7% |
| TQQQ Proshares Ultrapro QQQ | 0.90% | 22,603 | $1.9M | Add +0.3% |
| IWF iShares Russell 1000 Growth | 0.89% | 4,376 | $1.9M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.89% | 3,821 | $1.9M | Add +4.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.88% | 4,149 | $1.8M | Add +9.9% |
| XBI SS SPDR S&P Biotech ETF | 0.85% | 21,303 | $1.8M | Reduce -0.9% |
| AMT American Tower Corp. | 0.84% | 7,853 | $1.7M | Add +0.5% |
| LAMR Lamar Advertising Co. Class A | 0.83% | 14,134 | $1.7M | Add +0.8% |
| DBEF Xtrackers MSCI Eafe Hedged E | 0.81% | 38,343 | $1.7M | Reduce -1.9% |
| HEDJ Wisdomtree Europe Hedged Equ | 0.81% | 34,807 | $1.7M | Add +3.4% |
| SDOG Alps Sector Dividend Dogs | 0.79% | 28,592 | $1.6M | Add +0.8% |
| SKYY First Trust Cloud Computing | 0.78% | 13,388 | $1.6M | Reduce -3.7% |
| FDN First Trust DJ Internet Ind | 0.78% | 6,008 | $1.6M | Reduce -2.6% |
| AMZN Amazon.com Inc. | 0.71% | 6,749 | $1.5M | Add +14.2% |
| IJH iShares Core S&P Midcap ETF | 0.64% | 21,398 | $1.3M | Reduce -1.1% |
| SPHQ Invesco S&P 500 Quality ETF | 0.62% | 17,985 | $1.3M | Reduce -2.0% |
| PSA Public Storage | 0.62% | 4,365 | $1.3M | Add +0.7% |
| FIW First Trust Water ETF | 0.57% | 10,928 | $1.2M | Add +2.1% |
| HQH Abrdn Healthcare Investors | 0.57% | 75,934 | $1.2M | Reduce -1.3% |
| VTIP Vanguard Short-Term Tips | 0.55% | 22,710 | $1.1M | Reduce -6.0% |
| XHB SS SPDR S&P Homebldrs ETF | 0.55% | 11,506 | $1.1M | Reduce -4.3% |
| IVV iShares Core S&P 500 ETF | 0.53% | 1,789 | $1.1M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.52% | 1,099 | $1.1M | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.52% | 13,299 | $1.1M | Reduce -3.4% |
| EWU iShares MSCI United Kingdom | 0.49% | 25,823 | $1.0M | Add +1.5% |
| XLV SS Health Care Select Sector | 0.49% | 7,591 | $1.0M | Add +0.3% |
| XLB SS Materials Select Sector | 0.46% | 10,950 | $962K | Add +0.4% |
| SPHD Invesco S&P 500 High Dividen | 0.46% | 20,028 | $953K | Reduce -2.6% |
| SNY Sanofi-ADR | 0.44% | 19,021 | $919K | Reduce -2.6% |
| OKE Oneok Inc. | 0.43% | 11,031 | $900K | Reduce -5.7% |
| XOM Exxon Mobil Corp. | 0.42% | 8,094 | $873K | Add +0.4% |
| STAG Stag Industrial Inc. | 0.40% | 22,936 | $832K | Add +0.7% |
| PG The Procter & Gamble Co. | 0.38% | 5,004 | $797K | Add +0.3% |
| AXP American Express Co. | 0.38% | 2,495 | $796K | Add +0.0% |
| VAW Vanguard Materials ETF | 0.38% | 4,010 | $781K | Add +0.4% |
| ECL Ecolab Inc. | 0.37% | 2,843 | $766K | Add +0.1% |
| INDA iShares MSCI India ETF | 0.36% | 13,452 | $749K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.34% | 3,443 | $705K | No change |
| META Meta Platforms Inc. Class A | 0.32% | 894 | $660K | Reduce -21.9% |
| DLR Digital Realty Trust Inc. | 0.31% | 3,726 | $650K | Add +0.1% |
| ABBV Abbvie Inc. | 0.31% | 3,464 | $643K | Add +0.3% |
| RQI Cohen & Steers Qual Inc. RLTY | 0.30% | 50,131 | $624K | Add +2.0% |
| HD Home Depot Inc. | 0.29% | 1,632 | $598K | No change |
| XLY SS Consumer Disc Select Sect | 0.29% | 2,747 | $597K | Add +0.2% |
| PECO Phillips Edison & Company Inc. | 0.29% | 17,021 | $596K | Add +0.4% |
| MAR Marriott International Class A | 0.29% | 2,172 | $593K | No change |
| TECL Dire Dai Tec Bull 3X ETF-Usd | 0.28% | 6,290 | $589K | Add +0.2% |
| IHI iShares U.S. Medical Devices | 0.28% | 9,187 | $575K | Reduce -1.2% |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 0.28% | 16,585 | $574K | Add +0.7% |
| LLY Eli Lilly & Co. | 0.27% | 729 | $568K | Add +0.3% |
| VCIT Vanguard Int-Term Corporate | 0.27% | 6,829 | $566K | Add +1.1% |
| WMT Walmart Inc. | 0.27% | 5,674 | $555K | Add +0.1% |
| IFRA iShares US Infrastructure | 0.26% | 10,978 | $540K | Add +0.1% |
| PFF iShares Preferred & Income S | 0.26% | 17,385 | $533K | Add +0.5% |
| RSPU Invesco S&P 500 Equal Weight | 0.25% | 7,283 | $518K | Add +0.6% |
| AMD Advanced Micro Devices | 0.23% | 3,373 | $479K | New |
| LIT Global X Lithium & Battery T | 0.23% | 12,355 | $474K | No change |
| IWN iShares Russell 2000 Value E | 0.23% | 2,976 | $469K | Add +0.5% |
| ABT Abbott Laboratories | 0.23% | 3,447 | $469K | Add +0.1% |
| KRE SS SPDR S&P Regional Bank | 0.23% | 7,894 | $469K | Add +0.6% |
| VNQ Vanguard Real Estate ETF | 0.22% | 5,195 | $463K | Add +0.8% |
| FELG Fidelity Enh LRG Cap GWTH | 0.22% | 12,344 | $457K | Add +0.1% |
| GOOGL Alphabet Inc. Class A | 0.22% | 2,585 | $456K | Add +0.1% |
| DVY iShares Select Dividend ETF | 0.21% | 3,353 | $445K | Add +0.8% |
| IYH iShares U.S. Healthcare ETF | 0.21% | 7,674 | $433K | Reduce -9.6% |
| IWO iShares Russell 2000 Growth | 0.20% | 1,489 | $426K | Add +0.1% |
| JNJ Johnson & Johnson | 0.20% | 2,761 | $422K | Add +0.4% |
| RSPS Invesco S&P 500 Equal Weight | 0.20% | 13,875 | $416K | Add +0.3% |
| CHD Church & Dwight Co. Inc. | 0.20% | 4,261 | $410K | No change |
| AVK Advent Convert & Income | 0.19% | 33,200 | $402K | No change |
| GD General Dynamics Corp. | 0.19% | 1,372 | $400K | Add +0.1% |
| ET Energy Transfer LP | 0.19% | 21,759 | $394K | Add +2.6% |
| WMB Williams Cos Inc. | 0.18% | 6,072 | $381K | Reduce -37.9% |
Portfolio Sells Q1 2025 → Q2 2025
| DON Wisdomtree US Midcap Dividen | Reduce -1.7% | 2.21% | −0.30 |
| SDY SS SPDR S&P Dividend ETF | Reduce -2.8% | 1.54% | −0.25 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.0% | 2.35% | −0.20 |
| OKE Oneok Inc. | Reduce -5.7% | 0.43% | −0.20 |
| CWB SS SPDR BB Conv Sec ETF | Reduce -4.5% | 1.96% | −0.19 |
| PHO Invesco Water Resources ETF | Reduce -0.7% | 3.81% | −0.18 |
| OTIS Otis Worldwide Corp. | Reduce -1.7% | 0.91% | −0.18 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.15 |
| SNY Sanofi-ADR | Reduce -2.6% | 0.44% | −0.15 |
| WMB Williams Cos Inc. | Reduce -37.9% | 0.18% | −0.13 |
| WES Western Midstream Partners L | Reduce -47.2% | 0.10% | −0.13 |
| PBJ Invesco Food & Beverage ETF | Reduce -0.8% | 1.14% | −0.12 |
| COP Conocophillips | Sold out | 0.00% | −0.12 |
| HQH Abrdn Healthcare Investors | Reduce -1.3% | 0.57% | −0.11 |
| DBEF Xtrackers MSCI Eafe Hedged E | Reduce -1.9% | 0.81% | −0.11 |
| MVV Proshares Ultra MIDCAP400 | Reduce -46.3% | 0.12% | −0.11 |
| VTIP Vanguard Short-Term Tips | Reduce -6.0% | 0.55% | −0.10 |
| FPF First TR Interm Dur & Inc. | Sold out | 0.00% | −0.10 |
| SPHD Invesco S&P 500 High Dividen | Reduce -2.6% | 0.46% | −0.10 |
| XBI SS SPDR S&P Biotech ETF | Reduce -0.9% | 0.85% | −0.10 |
| XHB SS SPDR S&P Homebldrs ETF | Reduce -4.3% | 0.55% | −0.09 |
| IYH iShares U.S. Healthcare ETF | Reduce -9.6% | 0.21% | −0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -3.4% | 0.52% | −0.07 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.1% | 0.64% | −0.05 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -2.0% | 0.62% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -21.9% | 0.32% | −0.04 |
| HFRO Highland Opport & Income | Reduce -42.2% | 0.04% | −0.04 |
| XAODX Abrdn Total Dynamic Dividend | Reduce -9.4% | 0.16% | −0.03 |
| XEXGX Eaton Vance Tax-Managed Glob | Reduce -15.4% | 0.12% | −0.03 |
| JPC Nuveen Prefered & Income Opp | Reduce -16.3% | 0.08% | −0.03 |
| IHI iShares U.S. Medical Devices | Reduce -1.2% | 0.28% | −0.03 |
| T AT&T Inc. | Reduce -1.3% | 0.14% | −0.02 |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | Reduce -21.9% | 0.03% | −0.02 |
| IWM iShares Russell 2000 ETF | Reduce -0.9% | 0.13% | −0.01 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -18.7% | 0.05% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.1% | 0.18% | −0.00 |
| AMARIN CORP PLC | Sold out | 0.00% | −0.00 |
| BOTZ Global X Robotics & Artifici | Reduce -1.9% | 1.62% | −0.00 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -3.7% | 0.18% | +0.00 |
| SKYY First Trust Cloud Computing | Reduce -3.7% | 0.78% | +0.01 |
| FDN First Trust DJ Internet Ind | Reduce -2.6% | 0.78% | +0.04 |
| PAVE Global X US Infrastructure | Reduce -1.2% | 4.76% | +0.06 |
| XITK SS SPDR F Inno Tech ETF | Reduce -0.7% | 2.49% | +0.10 |
| HACK Amplify Cybersecurity ETF | Reduce -0.2% | 3.17% | +0.19 |
Portfolio Buys Q1 2025 → Q2 2025
| QTUM Defiance Quantum ETF | New | 1.54% | +1.54 |
| NVDA Nvidia Corp. | Add +5.0% | 5.75% | +1.51 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +87.1% | 0.94% | +0.54 |
| XLK SS Technology Select Sector | Add +0.8% | 4.12% | +0.36 |
| AMD Advanced Micro Devices | New | 0.23% | +0.23 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.8% | 3.31% | +0.22 |
| MSFT Microsoft Corp. | Add +0.1% | 1.39% | +0.21 |
| TQQQ Proshares Ultrapro QQQ | Add +0.3% | 0.90% | +0.20 |
| PLTR Palantir Technologies Inc. Class A | New | 0.14% | +0.14 |
| OAKM Oakmark US Large Cap ETF | New | 0.13% | +0.13 |
| RKLB Rocket Lab Corp. | New | 0.12% | +0.12 |
| FDX FedEx Corp. | New | 0.12% | +0.12 |
| IBM Intl Business Machines Corp. | Add +0.3% | 2.14% | +0.11 |
| AMZN Amazon.com Inc. | Add +14.2% | 0.71% | +0.10 |
| FXE Invesco Currencyshares Euro | New | 0.10% | +0.10 |
| URA Global X Uranium ETF | New | 0.10% | +0.10 |
| CIBR First Trust Nasdaq Cybersecu | Add +2.4% | 1.21% | +0.10 |
| GRID First TRST Nasd Class Edg Sgiif | Add +1.6% | 1.01% | +0.10 |
| IRM Iron Mountain Inc. | Add +0.5% | 1.44% | +0.08 |
| TECL Dire Dai Tec Bull 3X ETF-Usd | Add +0.2% | 0.28% | +0.08 |
| IWF iShares Russell 1000 Growth | Add +0.1% | 0.89% | +0.04 |
| DLR Digital Realty Trust Inc. | Add +0.1% | 0.31% | +0.02 |
| GCV Gabelli Convert & Inc. Sec | New | 0.02% | +0.02 |
| DIA SS SPDR Dow Jones Indus Avg | Add +9.9% | 0.88% | +0.02 |
| AXP American Express Co. | Add +0.0% | 0.38% | +0.02 |
| FELG Fidelity Enh LRG Cap GWTH | Add +0.1% | 0.22% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +0.4% | 0.18% | +0.01 |
| FAN First Trust Global Wind Ener | Add +0.1% | 0.11% | +0.01 |
| SSO Proshares Ultra S&P500 | Add +0.1% | 0.13% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +0.1% | 0.22% | +0.00 |
| CLIX Proshares Long Online/Short | Add +0.2% | 0.12% | +0.00 |
| XLI SS Industrial Select Sector | Add +0.3% | 0.13% | +0.00 |
| IWO iShares Russell 2000 Growth | Add +0.1% | 0.20% | −0.00 |
| WMT Walmart Inc. | Add +0.1% | 0.27% | −0.00 |
| STXF Strive 500 ETF | Add +1.3% | 2.23% | −0.00 |
| HST Host Hotels & Resorts Inc. | Add +0.8% | 0.14% | −0.00 |
| IYT iShares US Transportation Et | Add +0.3% | 0.10% | −0.01 |
| XLY SS Consumer Disc Select Sect | Add +0.2% | 0.29% | −0.01 |
| IFRA iShares US Infrastructure | Add +0.1% | 0.26% | −0.01 |
| QYLD Global X Nasd 100 Cov Call | Add +1.6% | 0.10% | −0.01 |
| GD General Dynamics Corp. | Add +0.1% | 0.19% | −0.01 |
| IVV iShares Core S&P 500 ETF | Add +0.1% | 0.53% | −0.01 |
| KBE SS SPDR S&P Bank ETF | Add +0.7% | 0.17% | −0.01 |
| JEF Jefferies Financial Group Inc. | Add +0.8% | 0.12% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Add +0.2% | 0.17% | −0.01 |
| VYM Vanguard High DVD Yield ETF | Add +0.7% | 0.17% | −0.01 |
| UNM Unum Group | Add +0.5% | 0.11% | −0.02 |
| VICI Vici Properties Inc. | Add +0.0% | 0.12% | −0.02 |
| KRE SS SPDR S&P Regional Bank | Add +0.6% | 0.23% | −0.02 |
| IWN iShares Russell 2000 Value E | Add +0.5% | 0.23% | −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 |