Sage Mountain Advisors LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 31, 2024), Sage Mountain Advisors LLC reported 420 stock positions worth $1.1 billion. Its top holding was Janus Henderson Aaa Clo ETF (JAAA) at 15.5% of the portfolio, followed by iShares MSCI USA Quality Fac (QUAL, 9.5%) and JPMorgan US Quality Factor (JQUA, 8.4%). Compared with Q1 2024, it opened 44 new positions, sold out of 32, added to 221 and reduced 82. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +29%) and the biggest sale Golub Capital BDC (GBDC, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- ATLANTA, GA
- CIK
- 0001832274
- Portfolio Value
- $1.1B (Q2 2024)
- SEC Filing
- 0001398344-24-013354 ↗ filed Jul 31, 2024
Holdings Value
Holdings 420 stocks · $1.1B
| JAAA Janus Henderson Aaa Clo ETF | 15.54% | 3,303,506 | $168.1M | Add +28.9% |
| QUAL iShares MSCI USA Quality Fac | 9.52% | 603,160 | $103.0M | Add +4.4% |
| JQUA JPMorgan US Quality Factor | 8.40% | 1,716,750 | $90.9M | Add +11.3% |
| VTI VG Morningstar TS MKT ETF-US | 8.24% | 333,119 | $89.1M | Add +16.7% |
| VOO Vanguard S&P 500 ETF | 4.14% | 89,633 | $44.8M | Reduce -1.0% |
| IQLT iShares MSCI International Q | 3.36% | 931,144 | $36.4M | Add +6.3% |
| QUS SS SPDR MSCI U Stratfact ETF | 2.61% | 191,551 | $28.2M | No change |
| GBDC Golub Capital BDC Inc. | 2.43% | 1,669,579 | $26.2M | Reduce -17.7% |
| AAPL Apple Inc. | 2.10% | 107,954 | $22.7M | Add +14.8% |
| MSFT Microsoft Corp. | 2.09% | 50,491 | $22.6M | Add +13.4% |
| VEA Vanguard Ftse Developed ETF | 1.75% | 383,995 | $19.0M | Add +0.7% |
| CPRT Copart Inc. | 1.42% | 283,608 | $15.4M | Reduce -0.6% |
| NVDA Nvidia Corp. | 1.24% | 108,601 | $13.4M | Add +22.3% |
| VXUS Vanguard Total Intl Stock | 1.21% | 216,511 | $13.1M | Add +0.2% |
| AVGO Broadcom Inc. | 1.05% | 7,046 | $11.3M | Add +5.6% |
| VGT Vanguard Info Tech ETF | 1.02% | 19,227 | $11.1M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.97% | 264,292 | $10.5M | Add +3.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.94% | 46,659 | $10.2M | Reduce -2.0% |
| AMZN Amazon.com Inc. | 0.91% | 51,162 | $9.9M | Add +20.2% |
| SPHQ Invesco S&P 500 Quality ETF | 0.88% | 149,328 | $9.5M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 0.87% | 46,322 | $9.4M | Add +7.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.67% | 13,334 | $7.3M | Add +5.7% |
| GOOGL Alphabet Inc. Class A | 0.67% | 39,543 | $7.2M | Add +16.0% |
| GOOG Alphabet Inc. Class C | 0.59% | 34,712 | $6.4M | Add +20.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.57% | 15,066 | $6.1M | Add +12.1% |
| IWB iShares Russell 1000 ETF | 0.52% | 18,945 | $5.6M | Add +6.2% |
| SCHX Schwab US Large-Cap ETF | 0.49% | 83,031 | $5.3M | No change |
| META Meta Platforms Inc. Class A | 0.49% | 10,407 | $5.2M | Add +22.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.48% | 10,916 | $5.2M | Add +275.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.45% | 8 | $4.9M | No change |
| XLG Invesco S&P 500 Top 50 ETF | 0.45% | 105,830 | $4.8M | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.44% | 52,383 | $4.8M | Reduce -11.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.44% | 19,741 | $4.8M | Add +1002.9% |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | 0.42% | 60,854 | $4.5M | Reduce -2.5% |
| LLY Eli Lilly & Co. | 0.41% | 4,862 | $4.4M | Add +14.6% |
| XOM Exxon Mobil Corp. | 0.40% | 37,567 | $4.3M | Add +5.2% |
| VONG Vanguard Russell 1000 Growth | 0.40% | 45,602 | $4.3M | Reduce -2.4% |
| FTNT Fortinet Inc. | 0.38% | 68,071 | $4.1M | Add +2.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.38% | 10,858 | $4.1M | Reduce -0.2% |
| IWF iShares Russell 1000 Growth | 0.35% | 10,264 | $3.7M | Add +2.9% |
| TSLA Tesla Inc. | 0.34% | 18,693 | $3.7M | Add +8.0% |
| UYLD Angel Oak Ultrashort Income | 0.33% | 69,739 | $3.5M | Reduce -3.7% |
| V Visa Inc. Class A | 0.30% | 12,496 | $3.3M | Add +9.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.29% | 54,214 | $3.2M | Reduce -0.0% |
| MRK Merck & Co. Inc. | 0.29% | 25,244 | $3.1M | Add +6.6% |
| EFA iShares MSCI Eafe ETF | 0.29% | 39,775 | $3.1M | No change |
| IJR iShares Core S&P Small-Cap E | 0.29% | 29,042 | $3.1M | Reduce -2.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.28% | 18,880 | $3.0M | Reduce -1.9% |
| ITOT iShares Core S&P Total U.S. | 0.28% | 25,386 | $3.0M | Add +0.1% |
| VGSH Vanguard Short-Term Treasury | 0.27% | 50,298 | $2.9M | Add +2.1% |
| LGLV SPDR US LC Low Vol Idx | 0.27% | 18,958 | $2.9M | No change |
| PNFP Pinnacle Financial Partners | 0.27% | 36,099 | $2.9M | No change |
| HD Home Depot Inc. | 0.23% | 7,101 | $2.4M | Add +6.2% |
| UNH Unitedhealth Group Inc. | 0.22% | 4,720 | $2.4M | Add +24.8% |
| IVV iShares Core S&P 500 ETF | 0.22% | 4,339 | $2.4M | Add +12.6% |
| TBIL F/M US Treasury 3 Month Bill | 0.21% | 46,125 | $2.3M | No change |
| PG The Procter & Gamble Co. | 0.21% | 13,744 | $2.3M | Add +19.2% |
| COST Costco Wholesale Corp. | 0.21% | 2,643 | $2.2M | Add +30.1% |
| SCHG Schwab US Large-Cap Growth | 0.20% | 21,511 | $2.2M | Reduce -0.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.19% | 11,276 | $2.1M | Reduce -1.6% |
| WMT Walmart Inc. | 0.19% | 30,296 | $2.1M | Add +14.3% |
| REFI Chicago Atlantic Real Estate | 0.19% | 133,467 | $2.1M | Add +83.4% |
| VONV Vanguard Russell 1000 Value | 0.18% | 25,517 | $2.0M | Add +9.4% |
| ABBV Abbvie Inc. | 0.17% | 10,587 | $1.8M | Add +11.6% |
| MA Mastercard Inc. Class A | 0.17% | 4,059 | $1.8M | Add +10.2% |
| CVX Chevron Corp. | 0.16% | 11,347 | $1.8M | Add +6.6% |
| UPS United Parcel Service Class B | 0.16% | 12,805 | $1.8M | Reduce -0.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.16% | 49,063 | $1.7M | Add +6.3% |
| JNJ Johnson & Johnson | 0.15% | 11,168 | $1.6M | Add +1.5% |
| NFLX Netflix Inc. | 0.15% | 2,418 | $1.6M | Add +20.6% |
| IAU iShares Gold Trust | 0.15% | 35,786 | $1.6M | New |
| ADBE Adobe Inc. | 0.14% | 2,792 | $1.6M | Add +11.6% |
| JBBB Janus Henderson B-BBB Clo Et | 0.14% | 30,524 | $1.5M | Reduce -6.9% |
| CSCO Cisco Systems Inc. | 0.13% | 30,618 | $1.5M | Add +2.9% |
| ORCL Oracle Corp. | 0.13% | 10,224 | $1.4M | Add +18.4% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.13% | 5,740 | $1.4M | No change |
| CVS CVS Health Corp. | 0.13% | 23,989 | $1.4M | Reduce -11.0% |
| PEP Pepsico Inc. | 0.13% | 8,406 | $1.4M | Add +22.4% |
| USMV iShares MSCI USA Min Vol Fac | 0.12% | 15,613 | $1.3M | Reduce -0.1% |
| HYD Vaneck High Yield Muni ETF | 0.12% | 25,336 | $1.3M | Reduce -9.8% |
| ETN Eaton Corp. PLC | 0.12% | 4,165 | $1.3M | Add +10.5% |
| SDY SS SPDR S&P Dividend ETF | 0.12% | 9,853 | $1.3M | Reduce -1.4% |
| KO The Coca-Cola Co. | 0.12% | 19,674 | $1.3M | Add +24.1% |
| SMMV iShares MSCI USA Small-Cap M | 0.11% | 33,080 | $1.2M | No change |
| AMD Advanced Micro Devices | 0.11% | 7,584 | $1.2M | Add +22.4% |
| INTF iShares International Equity | 0.11% | 41,814 | $1.2M | Reduce -1.4% |
| AMGN Amgen Inc. | 0.11% | 3,859 | $1.2M | Reduce -3.8% |
| ACN Accenture PLC Class A | 0.11% | 3,924 | $1.2M | Add +9.1% |
| FITB Fifth Third Bancorp | 0.11% | 31,811 | $1.2M | Reduce -2.0% |
| LIN Linde PLC | 0.10% | 2,568 | $1.1M | Add +24.5% |
| ABNB Airbnb Inc. Class A | 0.10% | 7,341 | $1.1M | Add +1.1% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.10% | 3,474 | $1.1M | No change |
| ABT Abbott Laboratories | 0.10% | 10,243 | $1.1M | Add +6.4% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.10% | 29,666 | $1.1M | Reduce -44.5% |
| AMAT Applied Materials Inc. | 0.10% | 4,441 | $1.0M | Add +27.5% |
| TMO Thermo Fisher Scientific Inc. | 0.10% | 1,894 | $1.0M | Add +30.8% |
| QCOM Qualcomm Inc. | 0.10% | 5,196 | $1.0M | Add +16.2% |
| TXN Texas Instruments Inc. | 0.10% | 5,313 | $1.0M | Add +18.6% |
| HON Honeywell International Inc. | 0.09% | 4,782 | $1.0M | Add +7.7% |
| FV First Trust DW Focus 5 Fund | 0.09% | 17,038 | $976K | No change |
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 | No change |
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q1 2024 → Q2 2024
| GBDC Golub Capital BDC Inc. | Reduce -17.7% | 2.43% | −1.08 |
| VOO Vanguard S&P 500 ETF | Reduce -1.0% | 4.14% | −0.38 |
| CPRT Copart Inc. | Reduce -0.6% | 1.42% | −0.30 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.0% | 0.94% | −0.19 |
| VYMI Vanguard Int High DVD YLD Inc. | Sold out | 0.00% | −0.13 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -11.6% | 0.44% | −0.12 |
| SCHD Schwab US DVD Equity ETF | Reduce -98.5% | 0.00% | −0.12 |
| VNQ Vanguard Real Estate ETF | Reduce -96.5% | 0.00% | −0.12 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -44.5% | 0.10% | −0.10 |
| CVS CVS Health Corp. | Reduce -11.0% | 0.13% | −0.09 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.08 |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | Reduce -2.5% | 0.42% | −0.07 |
| EPD Enterprise Products Partners | Reduce -71.1% | 0.02% | −0.06 |
| IJR iShares Core S&P Small-Cap E | Reduce -2.8% | 0.29% | −0.06 |
| UYLD Angel Oak Ultrashort Income | Reduce -3.7% | 0.33% | −0.05 |
| BX Blackstone Inc. | Reduce -29.8% | 0.08% | −0.05 |
| HTGC Hercules Capital Inc. | Sold out | 0.00% | −0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.9% | 0.28% | −0.05 |
| OBDC Blue Owl Capital Corp. | Sold out | 0.00% | −0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -1.6% | 0.19% | −0.04 |
| INTC Intel Corp. | Reduce -7.3% | 0.05% | −0.04 |
| MAIN Main Street Capital Corp. | Sold out | 0.00% | −0.04 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.0% | 0.29% | −0.04 |
| UPS United Parcel Service Class B | Reduce -0.4% | 0.16% | −0.04 |
| VYM Vanguard High DVD Yield ETF | Reduce -50.4% | 0.03% | −0.03 |
| AYI Acuity Inc. | Sold out | 0.00% | −0.03 |
| SBUX Starbucks Corp. | Reduce -12.4% | 0.06% | −0.03 |
| HYD Vaneck High Yield Muni ETF | Reduce -9.8% | 0.12% | −0.03 |
| BHP BHP Group Ltd.-Spon ADR | Sold out | 0.00% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.03 |
| JBBB Janus Henderson B-BBB Clo Et | Reduce -6.9% | 0.14% | −0.03 |
| FAST Fastenal Co. | Sold out | 0.00% | −0.03 |
| VONG Vanguard Russell 1000 Growth | Reduce -2.4% | 0.40% | −0.03 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −0.02 |
| DOW Dow Inc. | Reduce -46.5% | 0.02% | −0.02 |
| MLM Martin Marietta Materials | Sold out | 0.00% | −0.02 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.02 |
| MNST Monster Beverage Corp. | Sold out | 0.00% | −0.02 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.02 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.02 |
| TGT Target Corp. | Reduce -17.3% | 0.03% | −0.02 |
| STT State Street Corp. | Sold out | 0.00% | −0.02 |
| SDY SS SPDR S&P Dividend ETF | Reduce -1.4% | 0.12% | −0.02 |
| CAT Caterpillar Inc. | Reduce -4.3% | 0.07% | −0.02 |
| SHW The Sherwin-Williams Co. | Reduce -23.3% | 0.03% | −0.02 |
| INTF iShares International Equity | Reduce -1.4% | 0.11% | −0.02 |
| SPAB SS SPDR P Agg Bond ETF | Sold out | 0.00% | −0.02 |
| FITB Fifth Third Bancorp | Reduce -2.0% | 0.11% | −0.02 |
| PSEC Prospect Capital Corp. | Sold out | 0.00% | −0.01 |
| VTWO Vanguard Russell 2000 ETF | Reduce -16.1% | 0.04% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| JAAA Janus Henderson Aaa Clo ETF | Add +28.9% | 15.54% | +2.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +16.7% | 8.24% | +0.53 |
| AAPL Apple Inc. | Add +14.8% | 2.10% | +0.43 |
| NVDA Nvidia Corp. | Add +22.3% | 1.24% | +0.41 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +1002.9% | 0.44% | +0.40 |
| QQQ Invesco QQQ Trust Series 1 | Add +275.9% | 0.48% | +0.35 |
| IAU iShares Gold Trust | New | 0.15% | +0.15 |
| MSFT Microsoft Corp. | Add +13.4% | 2.09% | +0.14 |
| GOOG Alphabet Inc. Class C | Add +20.3% | 0.59% | +0.13 |
| GOOGL Alphabet Inc. Class A | Add +16.0% | 0.67% | +0.13 |
| AVGO Broadcom Inc. | Add +5.6% | 1.05% | +0.13 |
| AMZN Amazon.com Inc. | Add +20.2% | 0.91% | +0.12 |
| REFI Chicago Atlantic Real Estate | Add +83.4% | 0.19% | +0.07 |
| LLY Eli Lilly & Co. | Add +14.6% | 0.41% | +0.06 |
| META Meta Platforms Inc. Class A | Add +22.3% | 0.49% | +0.06 |
| COST Costco Wholesale Corp. | Add +30.1% | 0.21% | +0.05 |
| GLDM SPDR Gold Minishares Trust | New | 0.05% | +0.05 |
| VTEI Vanguard Int Tax-Exempt Bond | New | 0.05% | +0.05 |
| AFL Aflac Inc. | New | 0.04% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.04% | +0.04 |
| HEZU iShares Currency Hedged MSCI | Add +163.9% | 0.06% | +0.03 |
| SILA Sila Realty Trust Inc. | New | 0.03% | +0.03 |
| AWK American Water Works Co. Inc. | New | 0.03% | +0.03 |
| TEL Te Connectivity Ltd. | New | 0.03% | +0.03 |
| VXF Vanguard Extended Market ETF | Add +95.8% | 0.07% | +0.03 |
| ZTS Zoetis Inc. | New | 0.03% | +0.03 |
| UNH Unitedhealth Group Inc. | Add +24.8% | 0.22% | +0.03 |
| SPG Simon Property Group Inc. | Add +132.0% | 0.06% | +0.03 |
| NEE Nextera Energy Inc. | Add +46.8% | 0.09% | +0.03 |
| MCO Moody's Corp. | New | 0.03% | +0.03 |
| JCI Johnson Controls Internation | New | 0.03% | +0.03 |
| TSLA Tesla Inc. | Add +8.0% | 0.34% | +0.03 |
| MPWR Monolithic Power Systems Inc. | New | 0.03% | +0.03 |
| HCA HCA Healthcare Inc. | New | 0.02% | +0.02 |
| APH Amphenol Corp. Class A | New | 0.02% | +0.02 |
| EW Edwards Lifesciences Corp. | New | 0.02% | +0.02 |
| NFLX Netflix Inc. | Add +20.6% | 0.15% | +0.02 |
| TJX TJX Companies Inc. | Add +56.0% | 0.07% | +0.02 |
| WMT Walmart Inc. | Add +14.3% | 0.19% | +0.02 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.02% | +0.02 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 0.02% | +0.02 |
| HBAN Huntington Bancshares Inc. | New | 0.02% | +0.02 |
| HUM Humana Inc. | New | 0.02% | +0.02 |
| IEV iShares Europe ETF | New | 0.02% | +0.02 |
| SMFG Sumitomo Mitsui-Spons ADR | New | 0.02% | +0.02 |
| AMAT Applied Materials Inc. | Add +27.5% | 0.10% | +0.02 |
| LRCX Lam Research Corp. | Add +47.4% | 0.07% | +0.02 |
| EPI Wisdomtree India Earnings | New | 0.02% | +0.02 |
| CARR Carrier Global Corp. | New | 0.02% | +0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +37.6% | 0.08% | +0.02 |
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 |