Sage Financial Group Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 27, 2026), Sage Financial Group Inc. reported 106 stock positions worth $1.5 billion. Its top holding was Schwab US Large-Cap ETF (SCHX) at 42.4% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 6.2%) and iShares Core S&P Small-Cap E (IJR, 4.7%). Compared with Q3 2025, it opened 11 new positions, sold out of 2, added to 46 and reduced 34. The biggest buy was a new position in Invesco S&P 500 Equal Weight (RSP) and the biggest sale Schwab US Large-Cap ETF (SCHX, shares −5%).

Most Recent 13F
Q2 2026
Location
W. CONSHOHOCKEN, PA
CIK
0000882119
Portfolio Value
$1.5B (Q4 2025)
SEC Filing
0000882119-26-000001 ↗ filed Jan 27, 2026

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 Q3 2025 Q4 2025: $1.5B $1.5B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.8B Q2 2026

Holdings 106 stocks · $1.5B
SCHX Schwab US Large-Cap ETF 42.45% 23,836,476 $641.4M Reduce -4.7%
IJH iShares Core S&P Midcap ETF 6.17% 1,412,434 $93.2M Add +2.8%
IJR iShares Core S&P Small-Cap E 4.71% 592,334 $71.2M Add +2.2%
VUG Vanguard Mrngstar GR ETF-Sui 4.65% 144,167 $70.3M Reduce -3.0%
VTV Vanguard Mrngstr Val ETF-Aui 4.46% 353,213 $67.5M Reduce -1.7%
VOO Vanguard S&P 500 ETF 3.39% 81,607 $51.2M Reduce -0.4%
VEU Vanguard Ftse All-World Ex-U 3.24% 664,829 $48.9M Add +7.0%
VWO Vanguard Ftse Emerging Marke 2.87% 807,812 $43.4M Add +6.1%
VV Vngrd Mrgstr LRG-Cap ETF-Usd 2.30% 110,598 $34.8M Reduce -2.6%
RSP Invesco S&P 500 Equal Weight 2.20% 173,187 $33.2M New
SCHM Schwab US Mid Cap ETF 1.94% 974,044 $29.3M Add +1.3%
SCHV Schwab US Large-Cap Value 1.53% 781,637 $23.1M Add +0.3%
VNQ Vanguard Real Estate ETF 1.52% 259,358 $23.0M Add +9.0%
SCHA Schwab US Small-Cap ETF 1.31% 694,510 $19.8M Reduce -0.5%
VBK Van Morst SML-Cap Gro-Usd Inc. 1.29% 64,663 $19.5M Add +0.5%
VOE Vngrd Mrngstr MD-Cap Val ETF 1.22% 103,863 $18.4M Add +0.3%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.17% 60,688 $17.6M Add +1.5%
SCHG Schwab US Large-Cap Growth 1.12% 517,410 $16.9M Reduce -4.6%
SCHP Schwab U.S. Tips ETF 1.08% 618,792 $16.4M Add +0.2%
SLYV SS SPDR S&P 600 SC Val ETF 0.96% 160,090 $14.6M Add +1.0%
VB Vanguard Most SM-Cap ETF-Usd 0.91% 53,169 $13.7M Add +1.6%
IWF iShares Russell 1000 Growth 0.91% 28,947 $13.7M Reduce -0.9%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.67% 36,290 $10.1M Add +1.9%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.65% 46,643 $9.9M Add +0.8%
IGF iShares Global Infrastructur 0.47% 116,991 $7.2M Add +3.4%
ACWX iShares MSCI Acwi Ex US ETF 0.44% 99,598 $6.7M Add +5.6%
MDYV SS SPDR S&P 400 MC Val ETF 0.41% 73,545 $6.2M Add +0.3%
BKLN Invesco Senior Loan ETF 0.37% 263,584 $5.5M Add +320.2%
IVV iShares Core S&P 500 ETF 0.30% 6,607 $4.5M Reduce -0.3%
JUST Goldman Sachs Just US LRG 0.28% 43,261 $4.2M Add +1.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.28% 6,128 $4.2M Add +0.2%
IWD iShares Russell 1000 Value E 0.26% 18,534 $3.9M Reduce -0.7%
EFV iShares MSCI Eafe Value ETF 0.23% 47,932 $3.4M Add +3.3%
IWS iShares Russell Mid-Cap Valu 0.22% 23,963 $3.4M Reduce -3.1%
VTI VG Morningstar TS MKT ETF-US 0.20% 9,219 $3.1M Reduce -27.7%
TIP iShares Tips Bond ETF 0.20% 27,414 $3.0M No change
SLYG SS SPDR S&P 600 SC GR ETF 0.19% 29,827 $2.8M Add +10.6%
ITOT iShares Core S&P Total U.S. 0.18% 18,112 $2.7M Reduce -4.3%
IWB iShares Russell 1000 ETF 0.18% 7,176 $2.7M No change
ESML iShares ESG Aware MSCI USA S 0.14% 45,733 $2.1M Reduce -0.8%
JPST JPMorgan Ultra-Short Income 0.14% 41,330 $2.1M Reduce -14.3%
MUB iShares National Muni Bond E 0.13% 18,080 $1.9M Reduce -10.0%
MDYG SS SPDR S&P 400 MC GR ETF 0.12% 19,060 $1.8M Add +1.0%
IXUS iShares Core Intl Stock ETF 0.12% 20,576 $1.7M Add +0.0%
IWP iShares Russell Mid-Cap Grow 0.11% 12,327 $1.7M Reduce -0.8%
DSI iShares ESG MSCI KLD 400 ETF 0.11% 12,421 $1.6M Reduce -2.4%
XJH Ishare ESG SS S&P Midcap ETF 0.09% 30,972 $1.4M Add +2.0%
SHYD Vaneck SH Hi YLD Muni 0.09% 60,150 $1.4M New
AOR iShares Core 60/40 Balanced 0.09% 20,947 $1.4M Add +1.6%
IGSB iShares 1-5Y Inv Grade Corp. 0.09% 25,187 $1.3M Add +3.1%
JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F 0.08% 24,990 $1.3M Add +8.3%
EFG iShares MSCI Eafe Growth ETF 0.07% 8,936 $1.0M Reduce -0.6%
FNDX Schwab Fndmntl US LRG Co. ETF 0.07% 36,808 $1.0M No change
HDV iShares Core High Dividend E 0.06% 8,021 $975K No change
CWI State Street SPDR MSCI Acwi 0.06% 25,771 $926K No change
AGG iShares Core U.S. Aggregate 0.06% 9,011 $900K Add +1.0%
QQQ Invesco QQQ Trust Series 1 0.06% 1,364 $838K Add +2.4%
SCHE Schwab Emrg Mrkts Eqty ETF 0.05% 24,113 $790K Add +3.7%
SCHD Schwab US DVD Equity ETF 0.05% 27,705 $760K Reduce -6.3%
NULV Nuveen ESG Large-Cap Val ETF 0.05% 16,637 $749K Reduce -2.6%
NULG Nuveen ESG LRG-Cap GRW ETF 0.05% 7,424 $726K Reduce -0.3%
ESGE iShares Inc. iShares ESG Awar 0.05% 15,678 $692K Reduce -0.3%
EMXC iShares MSCI Emr MRK Ex Chna 0.04% 8,803 $640K Add +0.0%
IVW iShares S&P 500 Growth ETF 0.04% 5,111 $630K Reduce -9.3%
IJS iShares S&P Small-Cap 600 Va 0.04% 5,526 $628K Add +2.4%
VCIT Vanguard Int-Term Corporate 0.04% 7,471 $626K New
ESGD iShares Trust iShares ESG Aw 0.04% 6,477 $616K Reduce -5.1%
SUSA iShares ESG Optimized MSCI U 0.04% 4,382 $611K Add +0.1%
SHV iShares 0-1 Year Treasury Bo 0.04% 5,425 $598K Add +64.9%
IAT iShares US Regional Banks Et 0.04% 10,198 $562K Add +0.9%
VXUS Vanguard Total Intl Stock 0.04% 7,063 $533K Reduce -3.1%
IMCV iShares Morningstar Mid-Cap 0.03% 6,392 $526K No change
VYM Vanguard High DVD Yield ETF 0.03% 3,654 $524K Add +2.1%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.03% 1,082 $520K Add +44.3%
IEMG iShares Core MSCI Emerging 0.03% 7,666 $515K Add +6.1%
EFA iShares MSCI Eafe ETF 0.03% 5,200 $499K Reduce -1.5%
IWN iShares Russell 2000 Value E 0.03% 2,574 $466K Reduce -9.9%
SCHB Schwab US Broad Market ETF 0.03% 17,649 $463K Reduce -1.4%
IYR iShares US Real Estate ETF 0.03% 4,809 $452K Add +49.3%
USMV iShares MSCI USA Min Vol Fac 0.03% 4,690 $442K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.03% 3,329 $438K Add +0.3%
VIG Vanguard Dividend Apprec ETF 0.03% 1,862 $409K Reduce -1.1%
IWM iShares Russell 2000 ETF 0.03% 1,654 $407K No change
AOK iShares Core 30/70 Conservat 0.03% 9,495 $381K New
GII State Street SPDR S&P Global 0.03% 5,458 $381K No change
JNJ Johnson & Johnson 0.02% 1,798 $372K No change
SJNK SS SPDR BB St Hi Yield ETF 0.02% 14,077 $356K Add +0.3%
DFAX Dimensional World Ex US Core 0.02% 10,263 $336K No change
NUSC Nuveen ESG Small-Cap ETF 0.02% 7,126 $318K No change
AIQ Global X Art Intel & Tech 0.02% 6,248 $318K No change
EAGG iShares ESG Aware US Aggrega 0.02% 6,382 $305K Add +8.7%
IJK iShares S&P Mid-Cap 400 Grow 0.02% 3,021 $293K Add +2.4%
ESGU iShares ESG Aware MSCI USA 0.02% 1,950 $291K Reduce -2.5%
IVE iShares S&P 500 Value ETF 0.02% 1,276 $271K Reduce -1.0%
JPIB JPMorgan Intl BND ETF 0.02% 5,516 $269K No change
AAPL Apple Inc. 0.02% 947 $257K No change
SMH Vaneck Semiconductor ETF 0.02% 711 $256K Reduce -28.9%
IWO iShares Russell 2000 Growth 0.02% 763 $246K New
SCHF Schwab Intl Equity ETF 0.02% 10,207 $245K Reduce -4.3%
BNDW Vanguard Total World Bond Et 0.02% 3,342 $230K New

Show all 106 holdings

Portfolio Sells Q3 2025 → Q4 2025
SCHX Schwab US Large-Cap ETF Reduce -4.7% 42.45% −2.36
VUG Vanguard Mrngstar GR ETF-Sui Reduce -3.0% 4.65% −0.20
VTV Vanguard Mrngstr Val ETF-Aui Reduce -1.7% 4.46% −0.09
VTI VG Morningstar TS MKT ETF-US Reduce -27.7% 0.20% −0.08
VV Vngrd Mrgstr LRG-Cap ETF-Usd Reduce -2.6% 2.30% −0.07
SCHG Schwab US Large-Cap Growth Reduce -4.6% 1.12% −0.06
FBND Fidelity Total Bond ETF Sold out 0.00% −0.03
JPST JPMorgan Ultra-Short Income Reduce -14.3% 0.14% −0.03
VOO Vanguard S&P 500 ETF Reduce -0.4% 3.39% −0.03
IWF iShares Russell 1000 Growth Reduce -0.9% 0.91% −0.02
GLD SPDR Gold Shares Sold out 0.00% −0.02
MUB iShares National Muni Bond E Reduce -10.0% 0.13% −0.02
SCHA Schwab US Small-Cap ETF Reduce -0.5% 1.31% −0.02
IWS iShares Russell Mid-Cap Valu Reduce -3.1% 0.22% −0.01
ITOT iShares Core S&P Total U.S. Reduce -4.3% 0.18% −0.01
IWP iShares Russell Mid-Cap Grow Reduce -0.8% 0.11% −0.01
SMH Vaneck Semiconductor ETF Reduce -28.9% 0.02% −0.01
IVW iShares S&P 500 Growth ETF Reduce -9.3% 0.04% −0.00
SCHD Schwab US DVD Equity ETF Reduce -6.3% 0.05% −0.00
IWN iShares Russell 2000 Value E Reduce -9.9% 0.03% −0.00
DSI iShares ESG MSCI KLD 400 ETF Reduce -2.4% 0.11% −0.00
ESGD iShares Trust iShares ESG Aw Reduce -5.1% 0.04% −0.00
IVV iShares Core S&P 500 ETF Reduce -0.3% 0.30% −0.00
NULG Nuveen ESG LRG-Cap GRW ETF Reduce -0.3% 0.05% −0.00
EFG iShares MSCI Eafe Growth ETF Reduce -0.6% 0.07% −0.00
ESML iShares ESG Aware MSCI USA S Reduce -0.8% 0.14% −0.00
NULV Nuveen ESG Large-Cap Val ETF Reduce -2.6% 0.05% −0.00
VXUS Vanguard Total Intl Stock Reduce -3.1% 0.04% −0.00
SCHB Schwab US Broad Market ETF Reduce -1.4% 0.03% −0.00
ESGE iShares Inc. iShares ESG Awar Reduce -0.3% 0.05% −0.00
ESGU iShares ESG Aware MSCI USA Reduce -2.5% 0.02% −0.00
SCHF Schwab Intl Equity ETF Reduce -4.3% 0.02% −0.00
EFA iShares MSCI Eafe ETF Reduce -1.5% 0.03% −0.00
IWD iShares Russell 1000 Value E Reduce -0.7% 0.26% −0.00
VIG Vanguard Dividend Apprec ETF Reduce -1.1% 0.03% −0.00
IVE iShares S&P 500 Value ETF Reduce -1.0% 0.02% −0.00

Portfolio Buys Q3 2025 → Q4 2025
RSP Invesco S&P 500 Equal Weight New 2.20% +2.20
BKLN Invesco Senior Loan ETF Add +320.2% 0.37% +0.28
VEU Vanguard Ftse All-World Ex-U Add +7.0% 3.24% +0.22
SHYD Vaneck SH Hi YLD Muni New 0.09% +0.09
VWO Vanguard Ftse Emerging Marke Add +6.1% 2.87% +0.07
IJH iShares Core S&P Midcap ETF Add +2.8% 6.17% +0.07
VCIT Vanguard Int-Term Corporate New 0.04% +0.04
VNQ Vanguard Real Estate ETF Add +9.0% 1.52% +0.04
IJR iShares Core S&P Small-Cap E Add +2.2% 4.71% +0.03
ACWX iShares MSCI Acwi Ex US ETF Add +5.6% 0.44% +0.03
AOK iShares Core 30/70 Conservat New 0.03% +0.03
IWO iShares Russell 2000 Growth New 0.02% +0.02
CAT Caterpillar Inc. New 0.02% +0.02
BNDW Vanguard Total World Bond Et New 0.02% +0.02
SHV iShares 0-1 Year Treasury Bo Add +64.9% 0.04% +0.01
EWX State Street SPDR S&P Emergi New 0.01% +0.01
GSUS Goldman Sachs Marketbeta US New 0.01% +0.01
VPU Vanguard Utilities ETF New 0.01% +0.01
EIS iShares MSCI Israel ETF New 0.01% +0.01
SLYG SS SPDR S&P 600 SC GR ETF Add +10.6% 0.19% +0.01
EFV iShares MSCI Eafe Value ETF Add +3.3% 0.23% +0.01
DIA SS SPDR Dow Jones Indus Avg Add +44.3% 0.03% +0.01
IYR iShares US Real Estate ETF Add +49.3% 0.03% +0.01
SLYV SS SPDR S&P 600 SC Val ETF Add +1.0% 0.96% +0.01
JUST Goldman Sachs Just US LRG Add +1.8% 0.28% +0.01
IGF iShares Global Infrastructur Add +3.4% 0.47% +0.00
JMST JPM Ultra-Short Muni Income Add +8.3% 0.08% +0.00
VB Vanguard Most SM-Cap ETF-Usd Add +1.6% 0.91% +0.00
EMXC iShares MSCI Emr MRK Ex Chna Add +0.0% 0.04% +0.00
IEMG iShares Core MSCI Emerging Add +6.1% 0.03% +0.00
QQQ Invesco QQQ Trust Series 1 Add +2.4% 0.06% +0.00
IAT iShares US Regional Banks Et Add +0.9% 0.04% +0.00
IJS iShares S&P Small-Cap 600 Va Add +2.4% 0.04% +0.00
EAGG iShares ESG Aware US Aggrega Add +8.7% 0.02% +0.00
XJH Ishare ESG SS S&P Midcap ETF Add +2.0% 0.09% +0.00
ICLN iShares Global Clean Energy Add +0.1% 0.01% +0.00
VYM Vanguard High DVD Yield ETF Add +2.1% 0.03% +0.00
IJK iShares S&P Mid-Cap 400 Grow Add +2.4% 0.02% +0.00
IGSB iShares 1-5Y Inv Grade Corp. Add +3.1% 0.09% +0.00
SUSA iShares ESG Optimized MSCI U Add +0.1% 0.04% 0.00
AOR iShares Core 60/40 Balanced Add +1.6% 0.09% −0.00
IJJ iShares S&P Mid-Cap 400 Valu Add +0.3% 0.03% −0.00
IXUS iShares Core Intl Stock ETF Add +0.0% 0.12% −0.00
SCHE Schwab Emrg Mrkts Eqty ETF Add +3.7% 0.05% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.2% 0.28% −0.00
SCHM Schwab US Mid Cap ETF Add +1.3% 1.94% −0.00
SJNK SS SPDR BB St Hi Yield ETF Add +0.3% 0.02% −0.00
MDYG SS SPDR S&P 400 MC GR ETF Add +1.0% 0.12% −0.00
AGG iShares Core U.S. Aggregate Add +1.0% 0.06% −0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Add +0.8% 0.65% −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