Sage Mountain Advisors LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Sage Mountain Advisors LLC reported 473 stock positions worth $1.4 billion. Its top holding was Janus Henderson Aaa Clo ETF (JAAA) at 15.0% of the portfolio, followed by JPMorgan US Quality Factor (JQUA, 10.1%) and VG Morningstar TS MKT ETF-US (VTI, 8.0%). Compared with Q3 2024, it opened 41 new positions, sold out of 53, added to 198 and reduced 114. The biggest buy was JPMorgan US Quality Factor (JQUA, shares +34%) and the biggest sale iShares MSCI USA Quality Fac (QUAL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- ATLANTA, GA
- CIK
- 0001832274
- Portfolio Value
- $1.4B (Q4 2024)
- SEC Filing
- 0001398344-25-002201 ↗ filed Feb 7, 2025
Holdings Value
Holdings 473 stocks · $1.4B
| JAAA Janus Henderson Aaa Clo ETF | 15.02% | 4,054,689 | $205.6M | Add +25.8% |
| JQUA JPMorgan US Quality Factor | 10.06% | 2,404,155 | $137.7M | Add +34.2% |
| VTI VG Morningstar TS MKT ETF-US | 8.00% | 377,598 | $109.4M | Add +7.6% |
| QUAL iShares MSCI USA Quality Fac | 7.65% | 588,141 | $104.7M | Reduce -0.5% |
| VOO Vanguard S&P 500 ETF | 3.39% | 86,115 | $46.4M | Reduce -3.4% |
| IQLT iShares MSCI International Q | 3.23% | 1,191,301 | $44.2M | Add +23.5% |
| GBDC Golub Capital BDC Inc. | 2.78% | 2,509,449 | $38.0M | Add +38.8% |
| AAPL Apple Inc. | 2.33% | 127,313 | $31.9M | Add +13.6% |
| QUS SS SPDR MSCI U Stratfact ETF | 2.17% | 191,451 | $29.6M | No change |
| MSFT Microsoft Corp. | 1.84% | 59,706 | $25.2M | Add +11.4% |
| VEA Vanguard Ftse Developed ETF | 1.60% | 459,276 | $22.0M | Add +17.5% |
| AVGO Broadcom Inc. | 1.32% | 78,076 | $18.1M | Add +5.1% |
| NVDA Nvidia Corp. | 1.31% | 133,584 | $17.9M | Add +17.5% |
| CPRT Copart Inc. | 1.20% | 286,201 | $16.4M | Add +0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.11% | 25,872 | $15.2M | Add +59.8% |
| HYD Vaneck High Yield Muni ETF | 1.01% | 267,056 | $13.9M | Add +1388.9% |
| AMZN Amazon.com Inc. | 0.95% | 59,312 | $13.0M | Add +11.9% |
| VXUS Vanguard Total Intl Stock | 0.94% | 217,133 | $12.8M | Add +0.3% |
| VGIT Vanguard Intermediate-Term T | 0.93% | 219,343 | $12.7M | Add +12065.5% |
| JMBS Janus Henderson Mortg Backed | 0.92% | 284,818 | $12.6M | New |
| VGT Vanguard Info Tech ETF | 0.87% | 19,227 | $12.0M | No change |
| JPM JPMorgan Chase & Co. | 0.85% | 48,611 | $11.7M | Add +3.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.81% | 45,932 | $11.0M | Reduce -0.6% |
| TSLA Tesla Inc. | 0.75% | 25,317 | $10.2M | Add +8.1% |
| META Meta Platforms Inc. Class A | 0.73% | 17,091 | $10.0M | Add +38.9% |
| SPHQ Invesco S&P 500 Quality ETF | 0.71% | 145,389 | $9.7M | Reduce -5.5% |
| GOOGL Alphabet Inc. Class A | 0.63% | 45,541 | $8.6M | Add +14.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.58% | 179,926 | $7.9M | Reduce -32.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.54% | 16,390 | $7.4M | Add +8.0% |
| GOOG Alphabet Inc. Class C | 0.53% | 38,183 | $7.3M | Add +11.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.52% | 13,987 | $7.2M | Add +16.7% |
| FTNT Fortinet Inc. | 0.47% | 68,448 | $6.5M | Reduce -0.4% |
| IWB iShares Russell 1000 ETF | 0.45% | 18,945 | $6.1M | No change |
| SCHX Schwab US Large-Cap ETF | 0.42% | 249,841 | $5.8M | No change |
| VGSH Vanguard Short-Term Treasury | 0.41% | 95,781 | $5.6M | Add +93.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.40% | 8 | $5.4M | No change |
| XLG Invesco S&P 500 Top 50 ETF | 0.39% | 106,366 | $5.3M | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.38% | 19,740 | $5.2M | Add +10.0% |
| IJR iShares Core S&P Small-Cap E | 0.34% | 40,009 | $4.6M | Add +34.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.33% | 10,858 | $4.5M | No change |
| XOM Exxon Mobil Corp. | 0.32% | 41,092 | $4.4M | Add +4.4% |
| HD Home Depot Inc. | 0.32% | 11,359 | $4.4M | Add +34.1% |
| V Visa Inc. Class A | 0.31% | 13,378 | $4.2M | Add +2.6% |
| VONG Vanguard Russell 1000 Growth | 0.31% | 40,772 | $4.2M | Reduce -4.0% |
| LLY Eli Lilly & Co. | 0.31% | 5,434 | $4.2M | Add +7.4% |
| PNFP Pinnacle Financial Partners | 0.30% | 36,198 | $4.1M | Add +0.3% |
| IWF iShares Russell 1000 Growth | 0.30% | 10,224 | $4.1M | Reduce -0.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.28% | 42,377 | $3.9M | Reduce -10.8% |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | 0.28% | 52,750 | $3.8M | Reduce -9.7% |
| EFA iShares MSCI Eafe ETF | 0.26% | 46,835 | $3.5M | Add +17.9% |
| UYLD Angel Oak Ultrashort Income | 0.25% | 67,645 | $3.5M | Add +14.8% |
| KBDC Kayne Anderson BDC Inc. | 0.25% | 203,066 | $3.4M | New |
| ITOT iShares Core S&P Total U.S. | 0.24% | 26,015 | $3.3M | Add +3.4% |
| IVV iShares Core S&P 500 ETF | 0.24% | 5,645 | $3.3M | Add +30.8% |
| UNH Unitedhealth Group Inc. | 0.24% | 6,546 | $3.3M | Add +25.3% |
| LGLV SPDR US LC Low Vol Idx | 0.23% | 18,958 | $3.1M | No change |
| WMT Walmart Inc. | 0.23% | 34,239 | $3.1M | Add +8.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.23% | 18,189 | $3.1M | Reduce -3.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.22% | 51,887 | $3.0M | Add +8.4% |
| MRK Merck & Co. Inc. | 0.20% | 27,329 | $2.7M | Add +7.9% |
| MA Mastercard Inc. Class A | 0.20% | 5,109 | $2.7M | Add +18.8% |
| PG The Procter & Gamble Co. | 0.19% | 15,903 | $2.7M | Add +19.5% |
| COST Costco Wholesale Corp. | 0.19% | 2,845 | $2.6M | Add +6.7% |
| NFLX Netflix Inc. | 0.19% | 2,868 | $2.6M | Add +16.1% |
| ABBV Abbvie Inc. | 0.18% | 13,838 | $2.5M | Add +17.6% |
| JBBB Janus Henderson B-BBB Clo Et | 0.18% | 48,809 | $2.4M | Add +60.7% |
| SCHG Schwab US Large-Cap Growth | 0.18% | 86,044 | $2.4M | No change |
| CSCO Cisco Systems Inc. | 0.17% | 39,134 | $2.3M | Add +4.4% |
| ORCL Oracle Corp. | 0.17% | 13,713 | $2.3M | Reduce -1.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.16% | 11,351 | $2.2M | Add +1.9% |
| DFAC Dimensional US Core Equity 2 | 0.16% | 64,523 | $2.2M | No change |
| ACN Accenture PLC Class A | 0.16% | 6,334 | $2.2M | Add +45.2% |
| JNJ Johnson & Johnson | 0.15% | 14,564 | $2.1M | Add +0.5% |
| VONV Vanguard Russell 1000 Value | 0.15% | 25,517 | $2.1M | No change |
| UPS United Parcel Service Class B | 0.14% | 15,180 | $1.9M | Reduce -1.3% |
| REFI Chicago Atlantic Real Estate | 0.14% | 122,932 | $1.9M | Add +5.4% |
| TBIL F/M US Treasury 3 Month Bill | 0.13% | 36,304 | $1.8M | No change |
| ETN Eaton Corp. PLC | 0.13% | 5,426 | $1.8M | Reduce -4.7% |
| CVX Chevron Corp. | 0.13% | 11,883 | $1.7M | Add +5.5% |
| ABT Abbott Laboratories | 0.12% | 14,902 | $1.7M | Add +5.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.12% | 49,050 | $1.7M | Reduce -0.0% |
| IAU iShares Gold Trust | 0.12% | 32,683 | $1.6M | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.12% | 5,740 | $1.6M | No change |
| USMV iShares MSCI USA Min Vol Fac | 0.12% | 18,047 | $1.6M | Add +7.7% |
| CRM Salesforce Inc. | 0.11% | 4,624 | $1.5M | Add +21.8% |
| NOW ServiceNow Inc. | 0.10% | 1,346 | $1.4M | Reduce -2.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 6,471 | $1.4M | Add +0.3% |
| BLK BlackRock Inc. | 0.10% | 1,377 | $1.4M | Add +70.4% |
| SMMV iShares MSCI USA Small-Cap M | 0.10% | 33,080 | $1.4M | No change |
| KO The Coca-Cola Co. | 0.10% | 21,321 | $1.3M | Add +2.5% |
| AXP American Express Co. | 0.10% | 4,403 | $1.3M | Add +21.5% |
| FITB Fifth Third Bancorp | 0.10% | 30,826 | $1.3M | Reduce -5.2% |
| MCD McDonald's Corp. | 0.10% | 4,490 | $1.3M | Add +16.2% |
| SDY SS SPDR S&P Dividend ETF | 0.10% | 9,853 | $1.3M | No change |
| AGG iShares Core U.S. Aggregate | 0.09% | 13,313 | $1.3M | Add +39.4% |
| WFC Wells Fargo & Co. | 0.09% | 18,351 | $1.3M | Add +13.5% |
| TXN Texas Instruments Inc. | 0.09% | 6,851 | $1.3M | Reduce -0.8% |
| BX Blackstone Inc. | 0.09% | 7,433 | $1.3M | Reduce -1.6% |
| TMO Thermo Fisher Scientific Inc. | 0.09% | 2,419 | $1.3M | Add +24.0% |
| PEP Pepsico Inc. | 0.09% | 8,070 | $1.2M | Reduce -4.5% |
Portfolio Sells Q3 2024 → Q4 2024
| QUAL iShares MSCI USA Quality Fac | Reduce -0.5% | 7.65% | −1.38 |
| VOO Vanguard S&P 500 ETF | Reduce -3.4% | 3.39% | −0.62 |
| BAC Bank of America Corp. | Reduce -32.2% | 0.58% | −0.32 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -5.5% | 0.71% | −0.17 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.15 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.6% | 0.81% | −0.13 |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | Reduce -9.7% | 0.28% | −0.12 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -10.8% | 0.28% | −0.09 |
| ADBE Adobe Inc. | Reduce -24.3% | 0.07% | −0.06 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -3.7% | 0.23% | −0.06 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.05 |
| AMGN Amgen Inc. | Reduce -9.5% | 0.08% | −0.05 |
| AMD Advanced Micro Devices | Reduce -3.0% | 0.07% | −0.04 |
| VONG Vanguard Russell 1000 Growth | Reduce -4.0% | 0.31% | −0.04 |
| UPS United Parcel Service Class B | Reduce -1.3% | 0.14% | −0.04 |
| ELV Elevance Health Inc. | Reduce -21.1% | 0.03% | −0.04 |
| ORCL Oracle Corp. | Reduce -1.3% | 0.17% | −0.03 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.0% | 0.12% | −0.03 |
| LIN Linde PLC | Reduce -6.8% | 0.08% | −0.03 |
| PEP Pepsico Inc. | Reduce -4.5% | 0.09% | −0.03 |
| AWK American Water Works Co. Inc. | Sold out | 0.00% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -12.7% | 0.04% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -4.7% | 0.13% | −0.03 |
| MPWR Monolithic Power Systems Inc. | Sold out | 0.00% | −0.03 |
| AMAT Applied Materials Inc. | Reduce -7.3% | 0.05% | −0.03 |
| HUM Humana Inc. | Sold out | 0.00% | −0.03 |
| SHEL Shell PLC-ADR | Reduce -28.0% | 0.04% | −0.03 |
| TXN Texas Instruments Inc. | Reduce -0.8% | 0.09% | −0.03 |
| IWF iShares Russell 1000 Growth | Reduce -0.1% | 0.30% | −0.03 |
| CI The Cigna Group | Reduce -19.9% | 0.03% | −0.03 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.03 |
| EEM iShares MSCI Emerging Market | Reduce -46.3% | 0.02% | −0.03 |
| DHR Danaher Corp. | Reduce -7.7% | 0.05% | −0.03 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -37.2% | 0.02% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -3.8% | 0.07% | −0.02 |
| SMH Vaneck Semiconductor ETF | Reduce -7.8% | 0.08% | −0.02 |
| FITB Fifth Third Bancorp | Reduce -5.2% | 0.10% | −0.02 |
| ADM Archer-Daniels-Midland Co. | Sold out | 0.00% | −0.02 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.02 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.02 |
| SONY Sony Group Corp. - SP ADR | Sold out | 0.00% | −0.02 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.02 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.02 |
| ESI Element Solutions Inc. | Sold out | 0.00% | −0.02 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.02 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.02 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.02 |
| BWA Borgwarner Inc. | Sold out | 0.00% | −0.02 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.02 |
| DAL Delta Air Lines Inc. | Reduce -24.0% | 0.07% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| JQUA JPMorgan US Quality Factor | Add +34.2% | 10.06% | +1.42 |
| JAAA Janus Henderson Aaa Clo ETF | Add +25.8% | 15.02% | +1.04 |
| HYD Vaneck High Yield Muni ETF | Add +1388.9% | 1.01% | +0.93 |
| VGIT Vanguard Intermediate-Term T | Add +12065.5% | 0.93% | +0.92 |
| JMBS Janus Henderson Mortg Backed | New | 0.92% | +0.92 |
| GBDC Golub Capital BDC Inc. | Add +38.8% | 2.78% | +0.45 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +59.8% | 1.11% | +0.32 |
| KBDC Kayne Anderson BDC Inc. | New | 0.25% | +0.25 |
| AVGO Broadcom Inc. | Add +5.1% | 1.32% | +0.23 |
| TSLA Tesla Inc. | Add +8.1% | 0.75% | +0.22 |
| VGSH Vanguard Short-Term Treasury | Add +93.3% | 0.41% | +0.16 |
| NVDA Nvidia Corp. | Add +17.5% | 1.31% | +0.13 |
| META Meta Platforms Inc. Class A | Add +38.9% | 0.73% | +0.13 |
| AMZN Amazon.com Inc. | Add +11.9% | 0.95% | +0.11 |
| AAPL Apple Inc. | Add +13.6% | 2.33% | +0.10 |
| GOOGL Alphabet Inc. Class A | Add +14.6% | 0.63% | +0.07 |
| TPL Texas Pacific Land Corp. | New | 0.07% | +0.07 |
| PLTR Palantir Technologies Inc. Class A | New | 0.06% | +0.06 |
| JBBB Janus Henderson B-BBB Clo Et | Add +60.7% | 0.18% | +0.05 |
| MSTR Strategy Inc. | New | 0.05% | +0.05 |
| VIG Vanguard Dividend Apprec ETF | Add +235.6% | 0.06% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +11.2% | 0.53% | +0.04 |
| IJR iShares Core S&P Small-Cap E | Add +34.7% | 0.34% | +0.04 |
| BLK BlackRock Inc. | Add +70.4% | 0.10% | +0.04 |
| NFLX Netflix Inc. | Add +16.1% | 0.19% | +0.04 |
| AYI Acuity Inc. | New | 0.04% | +0.04 |
| ACN Accenture PLC Class A | Add +45.2% | 0.16% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +30.8% | 0.24% | +0.03 |
| APH Amphenol Corp. Class A | Add +146.6% | 0.05% | +0.03 |
| HD Home Depot Inc. | Add +34.1% | 0.32% | +0.03 |
| QQQM Invesco Nasdaq 100 ETF | Add +243.7% | 0.04% | +0.03 |
| MDY State Street SPDR S&P Midcap | Add +75.5% | 0.09% | +0.03 |
| MCK McKesson Corp. | Add +103.8% | 0.06% | +0.03 |
| EVRG Evergy Inc. | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +67.6% | 0.07% | +0.03 |
| EMLP First Trust North American E | New | 0.03% | +0.03 |
| PAYO Payoneer Global Inc. | New | 0.03% | +0.03 |
| CRM Salesforce Inc. | Add +21.8% | 0.11% | +0.02 |
| IWP iShares Russell Mid-Cap Grow | Add +79.9% | 0.06% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +16.7% | 0.52% | +0.02 |
| CME Cme Group Inc. | New | 0.02% | +0.02 |
| IBIT iShares Bitcoin Trust ETF | New | 0.02% | +0.02 |
| VNQ Vanguard Real Estate ETF | Add +1432.2% | 0.02% | +0.02 |
| KR Kroger Co. | New | 0.02% | +0.02 |
| STT State Street Corp. | New | 0.02% | +0.02 |
| SYY Sysco Corp. | New | 0.02% | +0.02 |
| BKR Baker Hughes Co. | New | 0.02% | +0.02 |
| AZO AutoZone Inc. | Add +66.2% | 0.06% | +0.02 |
| PCAR Paccar Inc. | New | 0.02% | +0.02 |
| VOTE TCW Transform 500 ETF | New | 0.02% | +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 |