Sage Mountain Advisors LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 23, 2024), Sage Mountain Advisors LLC reported 407 stock positions worth $962.2 million. Its top holding was Janus Henderson Aaa Clo ETF (JAAA) at 13.5% of the portfolio, followed by iShares MSCI USA Quality Fac (QUAL, 9.9%) and JPMorgan US Quality Factor (JQUA, 8.5%). Compared with Q4 2023, it opened 73 new positions, sold out of 20, added to 179 and reduced 86. The biggest buy was Vanguard Ftse Developed ETF (VEA, shares +40%) and the biggest sale Vaneck High Yield Muni ETF (HYD, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- ATLANTA, GA
- CIK
- 0001832274
- Portfolio Value
- $962.2M (Q1 2024)
- SEC Filing
- 0001398344-24-007530 ↗ filed Apr 23, 2024
Holdings Value
Holdings 407 stocks · $962.2M
| JAAA Janus Henderson Aaa Clo ETF | 13.52% | 2,563,460 | $130.1M | Add +5.7% |
| QUAL iShares MSCI USA Quality Fac | 9.87% | 577,699 | $94.9M | Add +4.1% |
| JQUA JPMorgan US Quality Factor | 8.48% | 1,542,902 | $81.6M | Add +4.1% |
| VTI VG Morningstar TS MKT ETF-US | 7.71% | 285,499 | $74.2M | Add +1.2% |
| VOO Vanguard S&P 500 ETF | 4.52% | 90,565 | $43.5M | Reduce -0.1% |
| IQLT iShares MSCI International Q | 3.61% | 875,689 | $34.7M | Reduce -0.3% |
| GBDC Golub Capital BDC Inc. | 3.51% | 2,029,070 | $33.7M | Reduce -6.6% |
| QUS SS SPDR MSCI U Stratfact ETF | 2.90% | 191,551 | $27.9M | Reduce -0.0% |
| VEA Vanguard Ftse Developed ETF | 1.99% | 381,226 | $19.1M | Add +39.9% |
| MSFT Microsoft Corp. | 1.95% | 44,507 | $18.7M | Add +5.0% |
| CPRT Copart Inc. | 1.72% | 285,428 | $16.5M | Add +0.1% |
| AAPL Apple Inc. | 1.68% | 94,063 | $16.1M | Reduce -6.2% |
| VXUS Vanguard Total Intl Stock | 1.35% | 216,003 | $13.0M | Add +2.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.13% | 47,616 | $10.9M | Reduce -2.5% |
| VGT Vanguard Info Tech ETF | 1.05% | 19,227 | $10.1M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.01% | 256,422 | $9.7M | Add +1.3% |
| SPHQ Invesco S&P 500 Quality ETF | 0.94% | 149,085 | $9.0M | Add +0.5% |
| AVGO Broadcom Inc. | 0.92% | 6,675 | $8.8M | Add +2.1% |
| JPM JPMorgan Chase & Co. | 0.90% | 42,994 | $8.6M | Add +1.9% |
| NVDA Nvidia Corp. | 0.83% | 8,878 | $8.0M | Add +6.7% |
| AMZN Amazon.com Inc. | 0.80% | 42,571 | $7.7M | Add +6.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.69% | 12,610 | $6.6M | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.59% | 13,441 | $5.7M | Add +7.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.57% | 59,242 | $5.4M | Reduce -3.3% |
| SCHX Schwab US Large-Cap ETF | 0.54% | 83,031 | $5.2M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 0.53% | 34,095 | $5.1M | Add +5.0% |
| IWB iShares Russell 1000 ETF | 0.53% | 17,833 | $5.1M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.53% | 8 | $5.1M | Reduce -11.1% |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | 0.49% | 62,445 | $4.8M | Reduce -0.2% |
| FTNT Fortinet Inc. | 0.47% | 66,174 | $4.5M | Reduce -1.3% |
| XLG Invesco S&P 500 Top 50 ETF | 0.46% | 105,830 | $4.5M | No change |
| GOOG Alphabet Inc. Class C | 0.46% | 28,855 | $4.4M | Reduce -7.3% |
| XOM Exxon Mobil Corp. | 0.43% | 35,702 | $4.2M | Add +12.0% |
| META Meta Platforms Inc. Class A | 0.43% | 8,507 | $4.1M | Reduce -0.4% |
| VONG Vanguard Russell 1000 Growth | 0.42% | 46,717 | $4.0M | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.39% | 10,875 | $3.7M | Add +0.5% |
| UYLD Angel Oak Ultrashort Income | 0.38% | 72,451 | $3.7M | Add +220.6% |
| IWF iShares Russell 1000 Growth | 0.35% | 9,977 | $3.4M | No change |
| IJR iShares Core S&P Small-Cap E | 0.34% | 29,884 | $3.3M | Reduce -6.3% |
| LLY Eli Lilly & Co. | 0.34% | 4,244 | $3.3M | Reduce -4.4% |
| V Visa Inc. Class A | 0.33% | 11,444 | $3.2M | Add +6.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.33% | 54,226 | $3.2M | Reduce -1.1% |
| EFA iShares MSCI Eafe ETF | 0.33% | 39,775 | $3.2M | Reduce -0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.33% | 19,236 | $3.1M | Add +6.2% |
| MRK Merck & Co. Inc. | 0.32% | 23,677 | $3.1M | Add +11.4% |
| PNFP Pinnacle Financial Partners | 0.32% | 36,099 | $3.1M | No change |
| TSLA Tesla Inc. | 0.32% | 17,314 | $3.0M | Reduce -1.9% |
| LGLV SPDR US LC Low Vol Idx | 0.31% | 18,958 | $3.0M | No change |
| ITOT iShares Core S&P Total U.S. | 0.30% | 25,360 | $2.9M | Add +0.0% |
| VGSH Vanguard Short-Term Treasury | 0.30% | 49,277 | $2.9M | Reduce -21.6% |
| HD Home Depot Inc. | 0.27% | 6,687 | $2.6M | Add +7.8% |
| TBIL F/M US Treasury 3 Month Bill | 0.24% | 46,125 | $2.3M | New |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.23% | 11,456 | $2.2M | Reduce -16.7% |
| CVS CVS Health Corp. | 0.22% | 26,953 | $2.1M | Add +1.6% |
| IVV iShares Core S&P 500 ETF | 0.21% | 3,852 | $2.0M | Reduce -3.5% |
| SCHG Schwab US Large-Cap Growth | 0.21% | 21,581 | $2.0M | Add +49.4% |
| UPS United Parcel Service Class B | 0.20% | 12,854 | $1.9M | Add +2.4% |
| UNH Unitedhealth Group Inc. | 0.19% | 3,781 | $1.9M | Reduce -3.6% |
| PG The Procter & Gamble Co. | 0.19% | 11,528 | $1.9M | Reduce -0.5% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.19% | 53,415 | $1.9M | Reduce -1.0% |
| VONV Vanguard Russell 1000 Value | 0.19% | 23,315 | $1.8M | No change |
| MA Mastercard Inc. Class A | 0.18% | 3,684 | $1.8M | Add +4.0% |
| JNJ Johnson & Johnson | 0.18% | 11,003 | $1.7M | Add +3.4% |
| ABBV Abbvie Inc. | 0.18% | 9,486 | $1.7M | Add +7.4% |
| CVX Chevron Corp. | 0.17% | 10,640 | $1.7M | Add +21.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.17% | 46,145 | $1.7M | Add +12.1% |
| JBBB Janus Henderson B-BBB Clo Et | 0.17% | 32,798 | $1.6M | Add +2.9% |
| WMT Walmart Inc. | 0.17% | 26,495 | $1.6M | Add +1.6% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.16% | 5,740 | $1.5M | Add +53.4% |
| COST Costco Wholesale Corp. | 0.15% | 2,031 | $1.5M | Add +15.4% |
| CSCO Cisco Systems Inc. | 0.15% | 29,756 | $1.5M | Add +6.4% |
| HYD Vaneck High Yield Muni ETF | 0.15% | 28,099 | $1.5M | Reduce -92.8% |
| SDY SS SPDR S&P Dividend ETF | 0.14% | 9,991 | $1.3M | Add +1.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.14% | 15,632 | $1.3M | Reduce -0.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 2,904 | $1.3M | Add +3.1% |
| INTF iShares International Equity | 0.13% | 42,412 | $1.3M | Add +0.9% |
| ADBE Adobe Inc. | 0.13% | 2,501 | $1.3M | Reduce -2.0% |
| BX Blackstone Inc. | 0.13% | 9,544 | $1.3M | Add +60.7% |
| ACN Accenture PLC Class A | 0.13% | 3,598 | $1.2M | Reduce -4.0% |
| SMMV iShares MSCI USA Small-Cap M | 0.13% | 33,080 | $1.2M | No change |
| VYMI Vanguard Int High DVD YLD Inc. | 0.13% | 17,723 | $1.2M | New |
| NFLX Netflix Inc. | 0.13% | 2,005 | $1.2M | Add +0.8% |
| FITB Fifth Third Bancorp | 0.13% | 32,459 | $1.2M | Add +0.3% |
| PEP Pepsico Inc. | 0.12% | 6,866 | $1.2M | Add +9.3% |
| ABNB Airbnb Inc. Class A | 0.12% | 7,262 | $1.2M | Add +10.3% |
| ETN Eaton Corp. PLC | 0.12% | 3,768 | $1.2M | Add +16.3% |
| VNQ Vanguard Real Estate ETF | 0.12% | 13,565 | $1.2M | Add +6856.4% |
| SCHD Schwab US DVD Equity ETF | 0.12% | 14,351 | $1.2M | Add +6423.2% |
| REFI Chicago Atlantic Real Estate | 0.12% | 72,785 | $1.1M | Add +1.2% |
| AMGN Amgen Inc. | 0.12% | 4,011 | $1.1M | Add +23.9% |
| AMD Advanced Micro Devices | 0.12% | 6,195 | $1.1M | Add +3.0% |
| ABT Abbott Laboratories | 0.11% | 9,630 | $1.1M | Add +6.2% |
| ORCL Oracle Corp. | 0.11% | 8,637 | $1.1M | Add +4.3% |
| CRM Salesforce Inc. | 0.11% | 3,431 | $1.0M | Add +19.4% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.10% | 3,474 | $996K | Reduce -4.2% |
| LOW Lowe's Cos Inc. | 0.10% | 3,870 | $986K | Add +14.4% |
| FV First Trust DW Focus 5 Fund | 0.10% | 17,038 | $975K | No change |
| KO The Coca-Cola Co. | 0.10% | 15,849 | $970K | Add +1.2% |
| LIN Linde PLC | 0.10% | 2,062 | $958K | Add +10.2% |
| HON Honeywell International Inc. | 0.09% | 4,440 | $911K | Add +21.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $2K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 38 | $2K | New |
Total filed on the 13F, all lines: $962.2M.
Portfolio Sells Q4 2023 → Q1 2024
| HYD Vaneck High Yield Muni ETF | Reduce -92.8% | 0.15% | −2.17 |
| AAPL Apple Inc. | Reduce -6.2% | 1.68% | −0.56 |
| GBDC Golub Capital BDC Inc. | Reduce -6.6% | 3.51% | −0.30 |
| IQLT iShares MSCI International Q | Reduce -0.3% | 3.61% | −0.22 |
| TSLA Tesla Inc. | Reduce -1.9% | 0.32% | −0.19 |
| VGSH Vanguard Short-Term Treasury | Reduce -21.6% | 0.30% | −0.13 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -3.3% | 0.57% | −0.08 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.5% | 1.13% | −0.08 |
| VOO Vanguard S&P 500 ETF | Reduce -0.1% | 4.52% | −0.07 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -16.7% | 0.23% | −0.06 |
| IJR iShares Core S&P Small-Cap E | Reduce -6.3% | 0.34% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -7.3% | 0.46% | −0.05 |
| ADBE Adobe Inc. | Reduce -2.0% | 0.13% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -3.6% | 0.19% | −0.05 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -11.1% | 0.53% | −0.04 |
| QUS SS SPDR MSCI U Stratfact ETF | Reduce -0.0% | 2.90% | −0.04 |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | Reduce -0.2% | 0.49% | −0.04 |
| IEMG iShares Core MSCI Emerging | Reduce -32.8% | 0.04% | −0.03 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -1.1% | 0.33% | −0.03 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.03 |
| TEL Te Connectivity Ltd. | Sold out | 0.00% | −0.02 |
| TRUST FOR ADVISED PORTFOLIOS | Sold out | 0.00% | −0.02 |
| ACN Accenture PLC Class A | Reduce -4.0% | 0.13% | −0.02 |
| LULU Lululemon Athletica Inc. | Reduce -6.4% | 0.03% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -0.2% | 0.33% | −0.02 |
| DFAC Dimensional US Core Equity 2 | Reduce -14.4% | 0.09% | −0.02 |
| PFE Pfizer Inc. | Reduce -18.3% | 0.04% | −0.02 |
| PAYX Paychex Inc. | Reduce -29.7% | 0.03% | −0.01 |
| NKE Nike Inc. Class B | Reduce -9.7% | 0.03% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -18.2% | 0.03% | −0.01 |
| STPZ PIMCO 1-5 Year US Tips Index | Sold out | 0.00% | −0.01 |
| IVV iShares Core S&P 500 ETF | Reduce -3.5% | 0.21% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -7.2% | 0.05% | −0.01 |
| FVD First Trust Value Line DVD | Reduce -5.5% | 0.07% | −0.01 |
| PLD Prologis Inc. | Reduce -8.0% | 0.04% | −0.01 |
| GILD Gilead Sciences Inc. | Reduce -9.2% | 0.03% | −0.01 |
| DUK Duke Energy Corp. | Reduce -13.2% | 0.03% | −0.01 |
| ED Consolidated Edison Inc. | Reduce -13.6% | 0.03% | −0.01 |
| COP Conocophillips | Reduce -8.7% | 0.07% | −0.01 |
| NOC Northrop Grumman Corp. | Reduce -6.3% | 0.05% | −0.01 |
| EOG EOG Resources Inc. | Reduce -18.0% | 0.03% | −0.01 |
| DFAX Dimensional World Ex US Core | Reduce -12.1% | 0.03% | −0.01 |
| PNC PNC Financial Services Group | Reduce -9.8% | 0.04% | −0.01 |
| PM Philip Morris International | Reduce -6.8% | 0.03% | −0.01 |
| MINT PIMCO Enhanced Short Maturit | Sold out | 0.00% | −0.01 |
| SCHF Schwab Intl Equity ETF | Reduce -5.2% | 0.06% | −0.01 |
| INTU Intuit Inc. | Reduce -2.5% | 0.06% | −0.01 |
| VTWO Vanguard Russell 2000 ETF | Reduce -5.1% | 0.05% | −0.01 |
| CSX CSX Corp. | Reduce -15.6% | 0.03% | −0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.3% | 0.14% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| VEA Vanguard Ftse Developed ETF | Add +39.9% | 1.99% | +0.47 |
| QUAL iShares MSCI USA Quality Fac | Add +4.1% | 9.87% | +0.39 |
| NVDA Nvidia Corp. | Add +6.7% | 0.83% | +0.36 |
| JQUA JPMorgan US Quality Factor | Add +4.1% | 8.48% | +0.25 |
| UYLD Angel Oak Ultrashort Income | Add +220.6% | 0.38% | +0.25 |
| TBIL F/M US Treasury 3 Month Bill | New | 0.24% | +0.24 |
| VYMI Vanguard Int High DVD YLD Inc. | New | 0.13% | +0.13 |
| VNQ Vanguard Real Estate ETF | Add +6856.4% | 0.12% | +0.12 |
| SCHD Schwab US DVD Equity ETF | Add +6423.2% | 0.12% | +0.12 |
| CPRT Copart Inc. | Add +0.1% | 1.72% | +0.10 |
| MSFT Microsoft Corp. | Add +5.0% | 1.95% | +0.10 |
| AMZN Amazon.com Inc. | Add +6.2% | 0.80% | +0.09 |
| EPD Enterprise Products Partners | New | 0.08% | +0.08 |
| AVGO Broadcom Inc. | Add +2.1% | 0.92% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +7.9% | 0.59% | +0.07 |
| VT Vanguard Tot World STK ETF | Add +10236.7% | 0.07% | +0.07 |
| SCHG Schwab US Large-Cap Growth | Add +49.4% | 0.21% | +0.07 |
| JPM JPMorgan Chase & Co. | Add +1.9% | 0.90% | +0.06 |
| XOM Exxon Mobil Corp. | Add +12.0% | 0.43% | +0.06 |
| MRK Merck & Co. Inc. | Add +11.4% | 0.32% | +0.06 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +53.4% | 0.16% | +0.05 |
| VGK Vanguard Ftse Europe ETF | Add +539.3% | 0.06% | +0.05 |
| HTGC Hercules Capital Inc. | New | 0.05% | +0.05 |
| SMCI Super Micro Computer Inc. | New | 0.05% | +0.05 |
| AGG iShares Core U.S. Aggregate | Add +389.0% | 0.06% | +0.05 |
| DOW Dow Inc. | New | 0.04% | +0.04 |
| OBDC Blue Owl Capital Corp. | New | 0.04% | +0.04 |
| SCHV Schwab US Large-Cap Value | Add +503.0% | 0.05% | +0.04 |
| BX Blackstone Inc. | Add +60.7% | 0.13% | +0.04 |
| UL Unilever PLC | New | 0.04% | +0.04 |
| EMR Emerson Electric Co. | New | 0.04% | +0.04 |
| MAIN Main Street Capital Corp. | New | 0.04% | +0.04 |
| BUD Anheuser-Busch Inbev-SPN ADR | New | 0.04% | +0.04 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.04% | +0.04 |
| CAT Caterpillar Inc. | Add +48.5% | 0.09% | +0.04 |
| GM General Motors Co. | New | 0.03% | +0.03 |
| AYI Acuity Inc. | New | 0.03% | +0.03 |
| IBM Intl Business Machines Corp. | Add +48.2% | 0.09% | +0.03 |
| ETN Eaton Corp. PLC | Add +16.3% | 0.12% | +0.03 |
| TGT Target Corp. | Add +104.7% | 0.05% | +0.03 |
| VYM Vanguard High DVD Yield ETF | Add +106.2% | 0.06% | +0.03 |
| MMM 3M Co. | New | 0.03% | +0.03 |
| GD General Dynamics Corp. | New | 0.03% | +0.03 |
| VZ Verizon Communications Inc. | Add +108.9% | 0.05% | +0.03 |
| GLD SPDR Gold Shares | New | 0.03% | +0.03 |
| BMY Bristol-Myers Squibb Co. | New | 0.03% | +0.03 |
| XSLV Invesco S&P Smallcap Low Vol | Add +825.9% | 0.03% | +0.03 |
| UBER Uber Technologies Inc. | New | 0.03% | +0.03 |
| MO Altria Group Inc. | New | 0.03% | +0.03 |
| COF Capital One Financial Corp. | New | 0.03% | +0.03 |
Notes & Other Activity Q4 2023 → Q1 2024
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | New | 38 | $2K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 304 | $1.6B | JAAA, JQUA, VTI, QUAL, IQLT |
| Q1 2026 | 281 | $1.4B | JAAA, JQUA, VTI, QUAL, IQLT |
| Q4 2025 | 559 | $1.9B | JAAA, JQUA, VTI, QUAL, IQLT |
| Q3 2025 | 547 | $1.7B | JAAA, JQUA, VTI, QUAL, IQLT |
| Q2 2025 | 494 | $1.5B | JAAA, JQUA, VTI, QUAL, IQLT |
| Q1 2025 | 492 | $1.4B | JAAA, JQUA, VTI, QUAL, IQLT |
| Q4 2024 | 473 | $1.4B | JAAA, JQUA, VTI, QUAL, VOO |
| Q3 2024 | 485 | $1.2B | JAAA, QUAL, JQUA, VTI, VOO |
| Q2 2024 | 420 | $1.1B | JAAA, QUAL, JQUA, VTI, VOO |
| Q1 2024 | 407 | $962.2M | JAAA, QUAL, JQUA, VTI, VOO |