Sage Capital Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 28, 2025), Sage Capital Management, LLC reported 157 stock positions worth $222.2 million. Its top holding was Nvidia (NVDA) at 6.5% of the portfolio, followed by Global X US Infrastructure (PAVE, 4.7%) and SS Technology Select Sector (XLK, 4.3%). Compared with Q2 2025, it opened 7 new positions, sold out of 7, added to 97 and reduced 23. The biggest buy was a new position in Global X Data Center & Digit (DTCR) and the biggest sale an exit from Sanofi-ADR (SNY).

Most Recent 13F
Q2 2026
Location
Stockton, NJ
CIK
0002030667
Portfolio Value
$222.2M (Q3 2025)
SEC Filing
0001172661-25-004453 ↗ filed Oct 28, 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 Q2 2025 Q3 2025: $222.2M $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 · $222.2M
NVDA Nvidia Corp. 6.47% 77,012 $14.4M Add +1.9%
PAVE Global X US Infrastructure 4.75% 221,524 $10.6M Reduce -2.3%
XLK SS Technology Select Sector 4.32% 34,024 $9.6M Add +0.7%
SPY SS SPDR S&P 500 ETF Trust-US 3.68% 12,287 $8.2M Add +0.5%
QQQ Invesco QQQ Trust Series 1 3.64% 13,485 $8.1M Add +8.0%
PHO Invesco Water Resources ETF 3.53% 108,823 $7.8M Reduce -3.9%
HACK Amplify Cybersecurity ETF 2.87% 73,499 $6.4M Reduce -3.7%
STXF Strive 500 ETF 2.51% 129,083 $5.6M Add +11.6%
RSP Invesco S&P 500 Equal Weight 2.30% 26,935 $5.1M Add +0.2%
XITK SS SPDR F Inno Tech ETF 2.27% 26,495 $5.0M Reduce -3.1%
XLP SS Consumer Staples Sel Sect 2.23% 63,165 $5.0M Reduce -1.6%
DON Wisdomtree US Midcap Dividen 2.06% 87,595 $4.6M Reduce -4.5%
CWB SS SPDR BB Conv Sec ETF 2.01% 49,271 $4.5M Add +0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.92% 15,124 $4.3M Add +0.3%
MINT PIMCO Enhanced Short Maturit 1.82% 40,193 $4.0M Add +47.9%
XBXMX Nuveen S&P 500 Buy-WR Inc. 1.66% 255,618 $3.7M Add +0.2%
BOTZ Global X Robotics & Artifici 1.64% 102,972 $3.6M Reduce -0.3%
QTUM Defiance Quantum ETF 1.62% 34,309 $3.6M Reduce -1.8%
AAPL Apple Inc. 1.55% 13,516 $3.4M Add +0.1%
SDY SS SPDR S&P Dividend ETF 1.48% 23,452 $3.3M Reduce -0.8%
MSFT Microsoft Corp. 1.35% 5,813 $3.0M Add +0.1%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 1.34% 29,205 $3.0M Add +0.4%
CIBR First Trust Nasdaq Cybersecu 1.14% 33,368 $2.5M No change
TQQQ Proshares Ultrapro QQQ 1.07% 22,909 $2.4M Add +1.4%
PBJ Invesco Food & Beverage ETF 1.04% 50,418 $2.3M Add +0.3%
GRID First TRST Nasd Class Edg Sgiif 1.04% 15,258 $2.3M Add +1.2%
IWF iShares Russell 1000 Growth 0.91% 4,331 $2.0M Reduce -1.0%
CRWD CrowdStrike Holdings Inc. Class A 0.88% 4,009 $2.0M Add +5.0%
JEPI JPMorgan Equity Premium Inco 0.87% 33,987 $1.9M Add +0.8%
XBI SS SPDR S&P Biotech ETF 0.87% 19,342 $1.9M Reduce -9.2%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.87% 4,158 $1.9M Add +0.2%
BRK.B Berkshire Hathaway Inc. Class B 0.86% 3,821 $1.9M No change
DBEF Xtrackers MSCI Eafe Hedged E 0.83% 39,618 $1.8M Add +3.3%
HEDJ Wisdomtree Europe Hedged Equ 0.81% 35,547 $1.8M Add +2.1%
DTCR Global X Data Center & Digit 0.79% 85,375 $1.7M New
SKYY First Trust Cloud Computing 0.79% 13,001 $1.7M Reduce -2.9%
LAMR Lamar Advertising Co. Class A 0.79% 14,255 $1.7M Add +0.9%
SDOG Alps Sector Dividend Dogs 0.78% 28,695 $1.7M Add +0.4%
FDN First Trust DJ Internet Ind 0.76% 6,071 $1.7M Add +1.1%
OTIS Otis Worldwide Corp. 0.76% 18,534 $1.7M Reduce -2.7%
AMT American Tower Corp. 0.67% 7,737 $1.5M Reduce -1.5%
AMZN Amazon.com Inc. 0.67% 6,749 $1.5M No change
IJH iShares Core S&P Midcap ETF 0.59% 20,130 $1.3M Reduce -5.9%
SPHQ Invesco S&P 500 Quality ETF 0.58% 17,658 $1.3M Reduce -1.8%
XHB SS SPDR S&P Homebldrs ETF 0.57% 11,520 $1.3M Add +0.1%
FIW First Trust Water ETF 0.57% 11,333 $1.3M Add +3.7%
PSA Public Storage 0.57% 4,398 $1.3M Add +0.8%
IVV iShares Core S&P 500 ETF 0.54% 1,802 $1.2M Add +0.7%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.52% 13,365 $1.2M Add +0.5%
VTIP Vanguard Short-Term Tips 0.52% 22,886 $1.2M Add +0.8%
HQH Abrdn Healthcare Investors 0.51% 60,857 $1.1M Reduce -19.9%
EWU iShares MSCI United Kingdom 0.49% 25,823 $1.1M No change
XLV SS Health Care Select Sector 0.48% 7,613 $1.1M Add +0.3%
COST Costco Wholesale Corp. 0.46% 1,100 $1.0M Add +0.1%
XLB SS Materials Select Sector 0.44% 10,997 $985K Add +0.4%
SPHD Invesco S&P 500 High Dividen 0.43% 19,259 $952K Reduce -3.8%
XOM Exxon Mobil Corp. 0.41% 8,126 $916K Add +0.4%
AXP American Express Co. 0.37% 2,495 $829K No change
VAW Vanguard Materials ETF 0.37% 4,023 $824K Add +0.3%
STAG Stag Industrial Inc. 0.37% 23,084 $815K Add +0.7%
OKE Oneok Inc. 0.37% 11,157 $814K Add +1.1%
TECL Dire Dai Tec Bull 3X ETF-Usd 0.36% 6,503 $809K Add +3.4%
ABBV Abbvie Inc. 0.36% 3,471 $804K Add +0.2%
ECL Ecolab Inc. 0.35% 2,844 $779K Add +0.0%
PG The Procter & Gamble Co. 0.34% 4,863 $747K Reduce -2.8%
VIG Vanguard Dividend Apprec ETF 0.34% 3,450 $745K Add +0.2%
LIT Global X Lithium & Battery T 0.33% 12,721 $723K Add +3.0%
HD Home Depot Inc. 0.30% 1,632 $661K No change
XLY SS Consumer Disc Select Sect 0.30% 2,753 $660K Add +0.2%
META Meta Platforms Inc. Class A 0.30% 895 $657K Add +0.1%
DLR Digital Realty Trust Inc. 0.29% 3,733 $645K Add +0.2%
RQI Cohen & Steers Qual Inc. RLTY 0.29% 51,103 $637K Add +1.9%
GOOGL Alphabet Inc. Class A 0.28% 2,586 $629K Add +0.0%
AMD Advanced Micro Devices 0.28% 3,822 $619K Add +13.3%
LTC LTC Properties Inc. filed as LTC PPTYS INC 0.28% 16,699 $616K Add +0.7%
WMT Walmart Inc. 0.26% 5,678 $585K Add +0.1%
VCIT Vanguard Int-Term Corporate 0.26% 6,904 $581K Add +1.1%
IFRA iShares US Infrastructure 0.26% 10,991 $581K Add +0.1%
MAR Marriott International Class A 0.25% 2,173 $566K Add +0.1%
RSPU Invesco S&P 500 Equal Weight 0.25% 7,328 $562K Add +0.6%
LLY Eli Lilly & Co. 0.25% 729 $557K No change
IHI iShares U.S. Medical Devices 0.25% 9,195 $552K Add +0.1%
PFF iShares Preferred & Income S 0.25% 17,459 $552K Add +0.4%
IWN iShares Russell 2000 Value E 0.24% 2,988 $528K Add +0.4%
PECO Phillips Edison & Company Inc. 0.23% 15,089 $518K Reduce -11.3%
JNJ Johnson & Johnson 0.23% 2,771 $514K Add +0.4%
FELG Fidelity Enh LRG Cap GWTH 0.23% 12,353 $508K Add +0.1%
INDA iShares MSCI India ETF 0.23% 9,666 $503K Reduce -28.1%
DVY iShares Select Dividend ETF 0.22% 3,380 $480K Add +0.8%
VNQ Vanguard Real Estate ETF 0.22% 5,240 $479K Add +0.9%
IWO iShares Russell 2000 Growth 0.21% 1,491 $477K Add +0.1%
GD General Dynamics Corp. 0.21% 1,372 $468K No change
KRE SS SPDR S&P Regional Bank 0.21% 7,335 $464K Reduce -7.1%
ABT Abbott Laboratories 0.21% 3,452 $462K Add +0.1%
IYH iShares U.S. Healthcare ETF 0.20% 7,698 $452K Add +0.3%
AVK Advent Convert & Income 0.19% 33,200 $425K No change
RSPT Invesco S&P 500 Equal Weight 0.19% 9,286 $414K Add +0.1%
VTI VG Morningstar TS MKT ETF-US 0.18% 1,242 $408K Add +0.1%
RSPS Invesco S&P 500 Equal Weight 0.18% 13,932 $407K Add +0.4%
JPM JPMorgan Chase & Co. 0.18% 1,290 $407K Add +0.2%

Show all 157 holdings

Portfolio Sells Q2 2025 → Q3 2025
SNY Sanofi-ADR Sold out 0.00% −0.44
HACK Amplify Cybersecurity ETF Reduce -3.7% 2.87% −0.30
PHO Invesco Water Resources ETF Reduce -3.9% 3.53% −0.28
XLP SS Consumer Staples Sel Sect Reduce -1.6% 2.23% −0.27
XITK SS SPDR F Inno Tech ETF Reduce -3.1% 2.27% −0.22
AMT American Tower Corp. Reduce -1.5% 0.67% −0.17
DON Wisdomtree US Midcap Dividen Reduce -4.5% 2.06% −0.15
OTIS Otis Worldwide Corp. Reduce -2.7% 0.76% −0.14
INDA iShares MSCI India ETF Reduce -28.1% 0.23% −0.13
CLIX Proshares Long Online/Short Sold out 0.00% −0.12
FUN Six Flags Entertainment Corp. Sold out 0.00% −0.10
FXE Invesco Currencyshares Euro Sold out 0.00% −0.10
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.10
SDY SS SPDR S&P Dividend ETF Reduce -0.8% 1.48% −0.07
HQH Abrdn Healthcare Investors Reduce -19.9% 0.51% −0.06
THW Abrdn World Healthcare Fund Sold out 0.00% −0.06
PECO Phillips Edison & Company Inc. Reduce -11.3% 0.23% −0.05
IJH iShares Core S&P Midcap ETF Reduce -5.9% 0.59% −0.05
PG The Procter & Gamble Co. Reduce -2.8% 0.34% −0.05
HFRO Highland Opport & Income Sold out 0.00% −0.04
SPHQ Invesco S&P 500 Quality ETF Reduce -1.8% 0.58% −0.03
SPHD Invesco S&P 500 High Dividen Reduce -3.8% 0.43% −0.03
KRE SS SPDR S&P Regional Bank Reduce -7.1% 0.21% −0.02
PAVE Global X US Infrastructure Reduce -2.3% 4.75% −0.01
SKYY First Trust Cloud Computing Reduce -2.9% 0.79% +0.00
IWM iShares Russell 2000 ETF Reduce -1.8% 0.13% +0.00
IWF iShares Russell 1000 Growth Reduce -1.0% 0.91% +0.02
BOTZ Global X Robotics & Artifici Reduce -0.3% 1.64% +0.02
XBI SS SPDR S&P Biotech ETF Reduce -9.2% 0.87% +0.02
QTUM Defiance Quantum ETF Reduce -1.8% 1.62% +0.08

Portfolio Buys Q2 2025 → Q3 2025
DTCR Global X Data Center & Digit New 0.79% +0.79
NVDA Nvidia Corp. Add +1.9% 6.47% +0.72
MINT PIMCO Enhanced Short Maturit Add +47.9% 1.82% +0.51
QQQ Invesco QQQ Trust Series 1 Add +8.0% 3.64% +0.33
STXF Strive 500 ETF Add +11.6% 2.51% +0.28
AAPL Apple Inc. Add +0.1% 1.55% +0.21
XLK SS Technology Select Sector Add +0.7% 4.32% +0.20
TQQQ Proshares Ultrapro QQQ Add +1.4% 1.07% +0.16
ZAP GX US Electrification ETF New 0.10% +0.10
SCHF Schwab Intl Equity ETF New 0.10% +0.10
LIT Global X Lithium & Battery T Add +3.0% 0.33% +0.10
TECL Dire Dai Tec Bull 3X ETF-Usd Add +3.4% 0.36% +0.08
XCHYX Calamos Convert & High Inc. New 0.07% +0.07
GOOGL Alphabet Inc. Class A Add +0.0% 0.28% +0.06
ABBV Abbvie Inc. Add +0.2% 0.36% +0.05
SPY SS SPDR S&P 500 ETF Trust-US Add +0.5% 3.68% +0.05
AMD Advanced Micro Devices Add +13.3% 0.28% +0.05
CHW Calamos Global Dynamic Incom New 0.05% +0.05
CWB SS SPDR BB Conv Sec ETF Add +0.1% 2.01% +0.05
AGNC AGNC Investment Corp. New 0.05% +0.05
PPSI Pioneer Power Solutions Inc. New 0.03% +0.03
GRID First TRST Nasd Class Edg Sgiif Add +1.2% 1.04% +0.03
XHB SS SPDR S&P Homebldrs ETF Add +0.1% 0.57% +0.03
JNJ Johnson & Johnson Add +0.4% 0.23% +0.03
TSM Taiwan Semiconductor-SP ADR Add +0.1% 0.15% +0.02
DBEF Xtrackers MSCI Eafe Hedged E Add +3.3% 0.83% +0.02
BNY Bank of New York Mellon Corp. Add +0.0% 0.14% +0.02
GCV Gabelli Convert & Inc. Sec Add +66.7% 0.04% +0.02
JEF Jefferies Financial Group Inc. Add +0.6% 0.13% +0.01
IWN iShares Russell 2000 Value E Add +0.4% 0.24% +0.01
IWO iShares Russell 2000 Growth Add +0.1% 0.21% +0.01
SSO Proshares Ultra S&P500 Add +0.2% 0.14% +0.01
XLY SS Consumer Disc Select Sect Add +0.2% 0.30% +0.01
FELG Fidelity Enh LRG Cap GWTH Add +0.1% 0.23% +0.01
IVV iShares Core S&P 500 ETF Add +0.7% 0.54% +0.01
IJS iShares S&P Small-Cap 600 Va Add +0.4% 0.18% +0.01
HST Host Hotels & Resorts Inc. Add +0.7% 0.14% +0.01
NPFD Nuveen Var RT Pref & Inc. Add +8.0% 0.12% +0.01
FIW First Trust Water ETF Add +3.7% 0.57% +0.01
RSPT Invesco S&P 500 Equal Weight Add +0.1% 0.19% +0.00
JPC Nuveen Prefered & Income Opp Add +9.8% 0.08% +0.00
JPM JPMorgan Chase & Co. Add +0.2% 0.18% +0.00
RSPU Invesco S&P 500 Equal Weight Add +0.6% 0.25% +0.00
IJR iShares Core S&P Small-Cap E Add +0.2% 0.18% +0.00
MVV Proshares Ultra MIDCAP400 Add +0.4% 0.12% +0.00
VTI VG Morningstar TS MKT ETF-US Add +0.1% 0.18% +0.00
PLD Prologis Inc. Add +0.1% 0.10% +0.00
DVY iShares Select Dividend ETF Add +0.8% 0.22% +0.00
XLU St Sr Utl SL SE SPDR ETF-Usd Add +0.5% 0.52% +0.00
IFRA iShares US Infrastructure Add +0.1% 0.26% +0.00

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