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

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 Q1 2025 Q2 2025: $207.8M $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 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%
PEP Pepsico Inc. 0.18% 2,869 $379K Add +0.5%
RSPT Invesco S&P 500 Equal Weight 0.18% 9,277 $378K Reduce -3.7%
VTI VG Morningstar TS MKT ETF-US 0.18% 1,241 $377K Reduce -0.1%
JPM JPMorgan Chase & Co. 0.18% 1,287 $373K Add +0.4%
IJR iShares Core S&P Small-Cap E 0.17% 3,319 $363K Add +0.2%
ARM Arm Holdings PLC-ADR 0.17% 2,232 $361K No change
IJS iShares S&P Small-Cap 600 Va 0.17% 3,584 $357K Add +0.3%
VYM Vanguard High DVD Yield ETF 0.17% 2,634 $351K Add +0.7%
KBE SS SPDR S&P Bank ETF 0.17% 6,217 $347K Add +0.7%
XAODX Abrdn Total Dynamic Dividend 0.16% 38,500 $341K Reduce -9.4%
TXN Texas Instruments Inc. 0.16% 1,600 $332K No change
DSI iShares ESG MSCI KLD 400 ETF 0.16% 2,835 $329K No change
PLTR Palantir Technologies Inc. Class A 0.14% 2,200 $300K New
T AT&T Inc. 0.14% 10,091 $292K Reduce -1.3%
MCD McDonald's Corp. 0.14% 998 $292K Add +0.2%
HST Host Hotels & Resorts Inc. 0.14% 18,700 $287K Add +0.8%
ED Consolidated Edison Inc. 0.14% 2,829 $284K Add +0.3%
XLI SS Industrial Select Sector 0.13% 1,900 $280K Add +0.3%
TSM Taiwan Semiconductor-SP ADR 0.13% 1,233 $279K No change
IWM iShares Russell 2000 ETF 0.13% 1,253 $270K Reduce -0.9%
OAKM Oakmark US Large Cap ETF 0.13% 10,500 $270K New
TSLA Tesla Inc. 0.13% 846 $269K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.13% 2,909 $265K No change
SSO Proshares Ultra S&P500 0.13% 2,680 $262K Add +0.1%
RKLB Rocket Lab Corp. 0.12% 7,257 $260K New
CR Crane Co. 0.12% 1,351 $257K No change
CLIX Proshares Long Online/Short 0.12% 4,811 $250K Add +0.2%
MVV Proshares Ultra MIDCAP400 0.12% 3,907 $248K Reduce -46.3%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.12% 7,603 $248K Add +0.0%
FDX FedEx Corp. 0.12% 1,086 $247K New
JEF Jefferies Financial Group Inc. 0.12% 4,442 $243K Add +0.8%
NPFD Nuveen Var RT Pref & Inc. 0.12% 12,500 $241K No change
XEXGX Eaton Vance Tax-Managed Glob 0.12% 27,431 $240K Reduce -15.4%
UNM Unum Group 0.11% 2,953 $238K Add +0.5%
FAN First Trust Global Wind Ener 0.11% 12,863 $233K Add +0.1%
NSC Norfolk Southern Corp. 0.11% 895 $229K No change
XLF SS Financial Select Sector 0.11% 4,293 $225K No change
CVX Chevron Corp. 0.11% 1,550 $222K No change
WES Western Midstream Partners L 0.10% 5,582 $216K Reduce -47.2%
IYT iShares US Transportation Et 0.10% 3,149 $216K Add +0.3%
FUN Six Flags Entertainment Corp. 0.10% 7,040 $214K No change
FXE Invesco Currencyshares Euro 0.10% 1,939 $211K New
VRTX Vertex Pharmaceuticals Inc. 0.10% 472 $210K No change
URA Global X Uranium ETF 0.10% 5,369 $208K New
PLD Prologis Inc. 0.10% 1,930 $203K Add +0.1%
XLE SS Energy Select Sector 0.10% 2,379 $202K Add +0.5%
QYLD Global X Nasd 100 Cov Call 0.10% 11,867 $198K Add +1.6%
JPC Nuveen Prefered & Income Opp 0.08% 20,500 $164K Reduce -16.3%
EOD Allspring Global Dividend Op 0.07% 26,369 $142K No change
THW Abrdn World Healthcare Fund 0.06% 12,100 $124K No change
CX Cemex Sab-Spons ADR Part Cer 0.05% 16,132 $112K Reduce -18.7%
NMZ Nuveen Muni Hi Inc. Opport 0.05% 10,500 $109K No change
BRW Saba Capital Income & Opport 0.05% 13,500 $109K No change
HFRO Highland Opport & Income 0.04% 15,129 $79K Reduce -42.2%
XIGDX Voya GLBL Eqty DVD & PRM Opp 0.03% 12,500 $73K Reduce -21.9%
GCV Gabelli Convert & Inc. Sec 0.02% 12,000 $46K New
ORMP Oramed Pharmaceuticals Inc. 0.02% 16,750 $38K No change

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

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