Sage Financial Group Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Sage Financial Group Inc. reported 97 stock positions worth $1.5 billion. Its top holding was Schwab US Large-Cap ETF (SCHX) at 44.8% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 6.1%) and Vanguard Mrngstar GR ETF-Sui (VUG, 4.8%). Compared with Q2 2025, it opened 1 new position, sold out of 5, added to 59 and reduced 20. The biggest buy was iShares Core S&P Small-Cap E (IJR, shares +5%) and the biggest sale VG Morningstar TS MKT ETF-US (VTI, shares −30%).

Most Recent 13F
Q2 2026
Location
W. CONSHOHOCKEN, PA
CIK
0000882119
Portfolio Value
$1.5B (Q3 2025)
SEC Filing
0000882119-25-000009 ↗ filed Nov 13, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.4B Q2 2025 Q3 2025: $1.5B $1.5B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.8B Q2 2026

Holdings 97 stocks · $1.5B
SCHX Schwab US Large-Cap ETF 44.81% 25,009,642 $658.8M Add +0.8%
IJH iShares Core S&P Midcap ETF 6.10% 1,374,471 $89.7M Add +3.8%
VUG Vanguard Mrngstar GR ETF-Sui 4.85% 148,664 $71.3M Reduce -1.8%
IJR iShares Core S&P Small-Cap E 4.68% 579,621 $68.9M Add +5.2%
VTV Vanguard Mrngstr Val ETF-Aui 4.56% 359,325 $67.0M Add +0.1%
VOO Vanguard S&P 500 ETF 3.41% 81,911 $50.2M Reduce -0.0%
VEU Vanguard Ftse All-World Ex-U 3.02% 621,621 $44.4M Add +0.2%
VWO Vanguard Ftse Emerging Marke 2.81% 761,237 $41.2M Add +7.7%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 2.38% 113,538 $35.0M Reduce -0.7%
SCHM Schwab US Mid Cap ETF 1.94% 961,762 $28.5M Add +1.2%
SCHV Schwab US Large-Cap Value 1.54% 778,972 $22.7M Add +0.5%
VNQ Vanguard Real Estate ETF 1.48% 237,954 $21.8M Add +13.7%
SCHA Schwab US Small-Cap ETF 1.32% 697,967 $19.5M Add +1.0%
VBK Van Morst SML-Cap Gro-Usd Inc. 1.30% 64,348 $19.2M Add +0.8%
VOE Vngrd Mrngstr MD-Cap Val ETF 1.23% 103,501 $18.1M Reduce -0.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.19% 59,799 $17.6M Add +4.4%
SCHG Schwab US Large-Cap Growth 1.18% 542,144 $17.3M Reduce -0.7%
SCHP Schwab U.S. Tips ETF 1.13% 617,450 $16.6M Add +3.5%
SLYV SS SPDR S&P 600 SC Val ETF 0.96% 158,520 $14.1M Add +0.4%
IWF iShares Russell 1000 Growth 0.93% 29,222 $13.7M Reduce -0.3%
VB Vanguard Most SM-Cap ETF-Usd 0.91% 52,352 $13.3M Add +1.9%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.71% 35,612 $10.5M Add +1.9%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.66% 46,268 $9.7M Add +1.1%
IGF iShares Global Infrastructur 0.47% 113,126 $6.9M Add +5.0%
ACWX iShares MSCI Acwi Ex US ETF 0.42% 94,336 $6.1M Add +7.3%
MDYV SS SPDR S&P 400 MC Val ETF 0.42% 73,320 $6.1M Reduce -3.7%
IVV iShares Core S&P 500 ETF 0.30% 6,630 $4.4M Add +1.9%
VTI VG Morningstar TS MKT ETF-US 0.28% 12,748 $4.2M Reduce -30.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.28% 6,118 $4.1M Reduce -0.9%
JUST Goldman Sachs Just US LRG 0.27% 42,518 $4.0M Add +0.5%
IWD iShares Russell 1000 Value E 0.26% 18,663 $3.8M Add +0.1%
IWS iShares Russell Mid-Cap Valu 0.23% 24,728 $3.5M Reduce -0.1%
EFV iShares MSCI Eafe Value ETF 0.21% 46,396 $3.1M Add +13.5%
TIP iShares Tips Bond ETF 0.21% 27,414 $3.0M Reduce -1.3%
ITOT iShares Core S&P Total U.S. 0.19% 18,921 $2.8M Add +2.2%
IWB iShares Russell 1000 ETF 0.18% 7,176 $2.6M Reduce -1.6%
SLYG SS SPDR S&P 600 SC GR ETF 0.17% 26,968 $2.5M Add +0.7%
JPST JPMorgan Ultra-Short Income 0.17% 48,232 $2.4M Add +7.9%
MUB iShares National Muni Bond E 0.15% 20,083 $2.1M Add +10.0%
ESML iShares ESG Aware MSCI USA S 0.14% 46,103 $2.1M Add +0.5%
IWP iShares Russell Mid-Cap Grow 0.12% 12,420 $1.8M No change
MDYG SS SPDR S&P 400 MC GR ETF 0.12% 18,865 $1.7M Add +2.2%
IXUS iShares Core Intl Stock ETF 0.12% 20,574 $1.7M Add +0.2%
DSI iShares ESG MSCI KLD 400 ETF 0.11% 12,732 $1.6M Add +0.0%
XJH Ishare ESG SS S&P Midcap ETF 0.09% 30,368 $1.3M Add +1.2%
AOR iShares Core 60/40 Balanced 0.09% 20,626 $1.3M Reduce -1.8%
BKLN Invesco Senior Loan ETF 0.09% 62,731 $1.3M Reduce -11.8%
IGSB iShares 1-5Y Inv Grade Corp. 0.09% 24,417 $1.3M Reduce -3.0%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.08% 23,076 $1.2M Add +15.5%
EFG iShares MSCI Eafe Growth ETF 0.07% 8,986 $1.0M Add +25.6%
HDV iShares Core High Dividend E 0.07% 8,021 $982K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.07% 36,808 $968K Add +1.6%
CWI State Street SPDR MSCI Acwi 0.06% 25,771 $900K No change
AGG iShares Core U.S. Aggregate 0.06% 8,921 $894K Add +2.9%
SCHD Schwab US DVD Equity ETF 0.05% 29,560 $807K Add +6.6%
QQQ Invesco QQQ Trust Series 1 0.05% 1,332 $800K Add +1.4%
SCHE Schwab Emrg Mrkts Eqty ETF 0.05% 23,251 $776K Add +0.1%
NULV Nuveen ESG Large-Cap Val ETF 0.05% 17,077 $748K No change
NULG Nuveen ESG LRG-Cap GRW ETF 0.05% 7,444 $740K Reduce -1.5%
ESGE iShares Inc. iShares ESG Awar 0.05% 15,732 $683K Add +0.3%
IVW iShares S&P 500 Growth ETF 0.05% 5,636 $680K Add +1.3%
ESGD iShares Trust iShares ESG Aw 0.04% 6,828 $635K Add +3.6%
IJS iShares S&P Small-Cap 600 Va 0.04% 5,397 $597K Add +4.4%
EMXC iShares MSCI Emr MRK Ex Chna 0.04% 8,802 $594K Add +1.5%
SUSA iShares ESG Optimized MSCI U 0.04% 4,379 $594K Add +0.1%
VXUS Vanguard Total Intl Stock 0.04% 7,287 $535K Reduce -0.1%
IAT iShares US Regional Banks Et 0.04% 10,107 $531K Add +0.7%
IMCV iShares Morningstar Mid-Cap 0.03% 6,392 $514K Reduce -5.7%
IWN iShares Russell 2000 Value E 0.03% 2,858 $505K No change
VYM Vanguard High DVD Yield ETF 0.03% 3,580 $505K Add +2.0%
FBND Fidelity Total Bond ETF 0.03% 10,824 $501K Add +0.9%
EFA iShares MSCI Eafe ETF 0.03% 5,279 $493K No change
IEMG iShares Core MSCI Emerging 0.03% 7,228 $476K Add +10.8%
SCHB Schwab US Broad Market ETF 0.03% 17,891 $460K Add +0.6%
USMV iShares MSCI USA Min Vol Fac 0.03% 4,690 $446K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.03% 3,320 $431K Add +0.2%
VIG Vanguard Dividend Apprec ETF 0.03% 1,882 $406K Add +1.8%
IWM iShares Russell 2000 ETF 0.03% 1,654 $400K Reduce -2.0%
GII State Street SPDR S&P Global 0.03% 5,458 $380K No change
SHV iShares 0-1 Year Treasury Bo 0.02% 3,290 $364K Add +2.8%
SJNK SS SPDR BB St Hi Yield ETF 0.02% 14,031 $359K Add +0.1%
GLD SPDR Gold Shares 0.02% 985 $350K Add +8.1%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.02% 750 $348K No change
JNJ Johnson & Johnson 0.02% 1,798 $333K No change
SMH Vaneck Semiconductor ETF 0.02% 1,000 $326K No change
DFAX Dimensional World Ex US Core 0.02% 10,263 $322K No change
NUSC Nuveen ESG Small-Cap ETF 0.02% 7,126 $314K No change
IYR iShares US Real Estate ETF 0.02% 3,221 $313K Add +0.5%
AIQ Global X Art Intel & Tech 0.02% 6,248 $309K No change
ESGU iShares ESG Aware MSCI USA 0.02% 2,000 $291K Reduce -10.1%
IJK iShares S&P Mid-Cap 400 Grow 0.02% 2,949 $283K No change
EAGG iShares ESG Aware US Aggrega 0.02% 5,872 $282K Add +4.7%
JPIB JPMorgan Intl BND ETF 0.02% 5,516 $270K No change
IVE iShares S&P 500 Value ETF 0.02% 1,289 $266K Add +1.6%
SCHF Schwab Intl Equity ETF 0.02% 10,664 $248K Add +1.3%
AAPL Apple Inc. 0.02% 947 $241K New
ICLN iShares Global Clean Energy 0.01% 12,830 $199K No change

Portfolio Sells Q2 2025 → Q3 2025
VTI VG Morningstar TS MKT ETF-US Reduce -30.0% 0.28% −0.12
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.8% 4.85% −0.05
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -0.9% 1.23% −0.04
TFI SS SPDR N Ice Muni Bond ETF Sold out 0.00% −0.04
MDYV SS SPDR S&P 400 MC Val ETF Reduce -3.7% 0.42% −0.03
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -0.7% 2.38% −0.03
VOO Vanguard S&P 500 ETF Reduce -0.0% 3.41% −0.02
BKLN Invesco Senior Loan ETF Reduce -11.8% 0.09% −0.02
TIP iShares Tips Bond ETF Reduce -1.3% 0.21% −0.02
IMCG iShares Morningstar Mid-Cap Sold out 0.00% −0.02
IWO iShares Russell 2000 Growth Sold out 0.00% −0.02
EWX State Street SPDR S&P Emergi Sold out 0.00% −0.02
VPU Vanguard Utilities ETF Sold out 0.00% −0.02
IGSB iShares 1-5Y Inv Grade Corp. Reduce -3.0% 0.09% −0.01
IWS iShares Russell Mid-Cap Valu Reduce -0.1% 0.23% −0.01
AOR iShares Core 60/40 Balanced Reduce -1.8% 0.09% −0.01
IWB iShares Russell 1000 ETF Reduce -1.6% 0.18% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.9% 0.28% −0.00
IMCV iShares Morningstar Mid-Cap Reduce -5.7% 0.03% −0.00
ESGU iShares ESG Aware MSCI USA Reduce -10.1% 0.02% −0.00
NULG Nuveen ESG LRG-Cap GRW ETF Reduce -1.5% 0.05% −0.00
SCHG Schwab US Large-Cap Growth Reduce -0.7% 1.18% −0.00
VXUS Vanguard Total Intl Stock Reduce -0.1% 0.04% −0.00
IWM iShares Russell 2000 ETF Reduce -2.0% 0.03% +0.00
IWF iShares Russell 1000 Growth Reduce -0.3% 0.93% +0.01

Portfolio Buys Q2 2025 → Q3 2025
IJR iShares Core S&P Small-Cap E Add +5.2% 4.68% +0.24
VWO Vanguard Ftse Emerging Marke Add +7.7% 2.81% +0.22
VNQ Vanguard Real Estate ETF Add +13.7% 1.48% +0.10
SCHX Schwab US Large-Cap ETF Add +0.8% 44.81% +0.04
IJH iShares Core S&P Midcap ETF Add +3.8% 6.10% +0.04
SCHA Schwab US Small-Cap ETF Add +1.0% 1.32% +0.03
SLYV SS SPDR S&P 600 SC Val ETF Add +0.4% 0.96% +0.03
EFV iShares MSCI Eafe Value ETF Add +13.5% 0.21% +0.02
ACWX iShares MSCI Acwi Ex US ETF Add +7.3% 0.42% +0.02
AAPL Apple Inc. New 0.02% +0.02
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +4.4% 1.19% +0.01
EFG iShares MSCI Eafe Growth ETF Add +25.6% 0.07% +0.01
VB Vanguard Most SM-Cap ETF-Usd Add +1.9% 0.91% +0.01
JMST JPM Ultra-Short Muni Income Add +15.5% 0.08% +0.01
MUB iShares National Muni Bond E Add +10.0% 0.15% +0.00
IVV iShares Core S&P 500 ETF Add +1.9% 0.30% +0.00
IEMG iShares Core MSCI Emerging Add +10.8% 0.03% +0.00
GLD SPDR Gold Shares Add +8.1% 0.02% +0.00
ITOT iShares Core S&P Total U.S. Add +2.2% 0.19% +0.00
IJS iShares S&P Small-Cap 600 Va Add +4.4% 0.04% +0.00
ESML iShares ESG Aware MSCI USA S Add +0.5% 0.14% +0.00
IVW iShares S&P 500 Growth ETF Add +1.3% 0.05% +0.00
ESGE iShares Inc. iShares ESG Awar Add +0.3% 0.05% +0.00
SCHE Schwab Emrg Mrkts Eqty ETF Add +0.1% 0.05% +0.00
QQQ Invesco QQQ Trust Series 1 Add +1.4% 0.05% +0.00
SCHD Schwab US DVD Equity ETF Add +6.6% 0.05% +0.00
FNDX Schwab Fndmntl US LRG Co. ETF Add +1.6% 0.07% +0.00
EMXC iShares MSCI Emr MRK Ex Chna Add +1.5% 0.04% 0.00
SCHB Schwab US Broad Market ETF Add +0.6% 0.03% 0.00
DSI iShares ESG MSCI KLD 400 ETF Add +0.0% 0.11% −0.00
IVE iShares S&P 500 Value ETF Add +1.6% 0.02% −0.00
ESGD iShares Trust iShares ESG Aw Add +3.6% 0.04% −0.00
VYM Vanguard High DVD Yield ETF Add +2.0% 0.03% −0.00
SCHF Schwab Intl Equity ETF Add +1.3% 0.02% −0.00
VIG Vanguard Dividend Apprec ETF Add +1.8% 0.03% −0.00
SUSA iShares ESG Optimized MSCI U Add +0.1% 0.04% −0.00
EAGG iShares ESG Aware US Aggrega Add +4.7% 0.02% −0.00
IGF iShares Global Infrastructur Add +5.0% 0.47% −0.00
IAT iShares US Regional Banks Et Add +0.7% 0.04% −0.00
JPST JPMorgan Ultra-Short Income Add +7.9% 0.17% −0.00
IJJ iShares S&P Mid-Cap 400 Valu Add +0.2% 0.03% −0.00
MDYG SS SPDR S&P 400 MC GR ETF Add +2.2% 0.12% −0.00
IYR iShares US Real Estate ETF Add +0.5% 0.02% −0.00
SHV iShares 0-1 Year Treasury Bo Add +2.8% 0.02% −0.00
XJH Ishare ESG SS S&P Midcap ETF Add +1.2% 0.09% −0.00
IXUS iShares Core Intl Stock ETF Add +0.2% 0.12% −0.00
SJNK SS SPDR BB St Hi Yield ETF Add +0.1% 0.02% −0.00
FBND Fidelity Total Bond ETF Add +0.9% 0.03% −0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Add +1.1% 0.66% −0.00
SLYG SS SPDR S&P 600 SC GR ETF Add +0.7% 0.17% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 110$1.8BSCHX, IJH, IJR, RSP, VWO
Q1 2026 107$1.5BSCHX, IJH, IJR, RSP, VTV
Q4 2025 106$1.5BSCHX, IJH, IJR, VUG, VTV
Q3 2025 97$1.5BSCHX, IJH, VUG, IJR, VTV
Q2 2025 101$1.4BSCHX, IJH, VUG, VTV, IJR
Q1 2025 102$1.2BSCHX, IJH, VTV, IJR, VUG
Q4 2024 100$1.2BSCHX, IJH, VUG, IJR, VTV
Q3 2024 104$1.2BSCHX, IJH, VUG, VTV, IJR
Q2 2024 101$1.2BSCHX, IJH, VUG, VTV, IJR
Q1 2024 102$1.1BSCHX, IJH, VUG, VTV, IJR