Sage Mountain Advisors LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 2, 2025), Sage Mountain Advisors LLC reported 492 stock positions worth $1.4 billion. Its top holding was Janus Henderson Aaa Clo ETF (JAAA) at 15.7% of the portfolio, followed by JPMorgan US Quality Factor (JQUA, 10.4%) and VG Morningstar TS MKT ETF-US (VTI, 8.1%). Compared with Q4 2024, it opened 47 new positions, sold out of 28, added to 168 and reduced 139. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +4%) and the biggest sale Vaneck High Yield Muni ETF (HYD, shares −87%).
- Most Recent 13F
- Q2 2026
- Location
- ATLANTA, GA
- CIK
- 0001832274
- Portfolio Value
- $1.4B (Q1 2025)
- SEC Filing
- 0001398344-25-008521 ↗ filed May 2, 2025
Holdings Value
Holdings 492 stocks · $1.4B
| JAAA Janus Henderson Aaa Clo ETF | 15.69% | 4,196,707 | $212.8M | Add +3.5% |
| JQUA JPMorgan US Quality Factor | 10.39% | 2,496,255 | $141.0M | Add +3.8% |
| VTI VG Morningstar TS MKT ETF-US | 8.05% | 397,465 | $109.2M | Add +5.3% |
| QUAL iShares MSCI USA Quality Fac | 7.03% | 558,227 | $95.4M | Reduce -5.1% |
| IQLT iShares MSCI International Q | 3.62% | 1,237,347 | $49.1M | Add +3.9% |
| VOO Vanguard S&P 500 ETF | 3.13% | 82,564 | $42.4M | Reduce -4.1% |
| GBDC Golub Capital BDC Inc. | 3.06% | 2,746,062 | $41.6M | Add +9.4% |
| QUS SS SPDR MSCI U Stratfact ETF | 2.21% | 191,233 | $30.0M | Reduce -0.1% |
| AAPL Apple Inc. | 2.07% | 126,480 | $28.1M | Reduce -0.7% |
| MSFT Microsoft Corp. | 1.59% | 57,568 | $21.6M | Reduce -3.6% |
| VEA Vanguard Ftse Developed ETF | 1.59% | 424,128 | $21.6M | Reduce -7.7% |
| CPRT Copart Inc. | 1.20% | 286,463 | $16.2M | Add +0.1% |
| VGIT Vanguard Intermediate-Term T | 1.17% | 267,815 | $15.9M | Add +22.1% |
| JMBS Janus Henderson Mortg Backed | 1.16% | 348,170 | $15.7M | Add +22.2% |
| NVDA Nvidia Corp. | 1.09% | 136,614 | $14.8M | Add +2.3% |
| VXUS Vanguard Total Intl Stock | 0.97% | 211,746 | $13.1M | Reduce -2.5% |
| AVGO Broadcom Inc. | 0.95% | 76,785 | $12.9M | Reduce -1.6% |
| JPM JPMorgan Chase & Co. | 0.89% | 48,980 | $12.0M | Add +0.8% |
| AMZN Amazon.com Inc. | 0.87% | 61,889 | $11.8M | Add +4.3% |
| VGSH Vanguard Short-Term Treasury | 0.78% | 180,836 | $10.6M | Add +88.8% |
| VGT Vanguard Info Tech ETF | 0.77% | 19,227 | $10.4M | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.74% | 45,432 | $10.1M | Reduce -1.1% |
| META Meta Platforms Inc. Class A | 0.73% | 17,273 | $10.0M | Add +1.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.73% | 17,634 | $9.9M | Reduce -31.8% |
| SPHQ Invesco S&P 500 Quality ETF | 0.69% | 141,283 | $9.4M | Reduce -2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.67% | 17,180 | $9.1M | Add +4.8% |
| KBDC Kayne Anderson BDC Inc. | 0.65% | 541,109 | $8.8M | Add +166.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.55% | 180,316 | $7.5M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 0.51% | 45,162 | $7.0M | Reduce -0.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.50% | 14,400 | $6.8M | Add +3.0% |
| FTNT Fortinet Inc. | 0.49% | 68,946 | $6.6M | Add +0.7% |
| TSLA Tesla Inc. | 0.47% | 24,585 | $6.4M | Reduce -2.9% |
| GOOG Alphabet Inc. Class C | 0.43% | 37,178 | $5.8M | Reduce -2.6% |
| IWB iShares Russell 1000 ETF | 0.41% | 18,012 | $5.5M | Reduce -4.9% |
| SCHX Schwab US Large-Cap ETF | 0.41% | 249,841 | $5.5M | No change |
| XOM Exxon Mobil Corp. | 0.38% | 43,709 | $5.2M | Add +6.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.38% | 19,740 | $5.1M | No change |
| XLG Invesco S&P 500 Top 50 ETF | 0.36% | 106,366 | $4.9M | No change |
| V Visa Inc. Class A | 0.35% | 13,716 | $4.8M | Add +2.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.35% | 6 | $4.8M | Reduce -25.0% |
| LLY Eli Lilly & Co. | 0.35% | 5,705 | $4.7M | Add +5.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.35% | 51,345 | $4.7M | Add +21.2% |
| IVV iShares Core S&P 500 ETF | 0.34% | 8,145 | $4.6M | Add +44.3% |
| IJR iShares Core S&P Small-Cap E | 0.31% | 40,420 | $4.2M | Add +1.0% |
| IWF iShares Russell 1000 Growth | 0.31% | 11,488 | $4.1M | Add +12.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.30% | 10,858 | $4.0M | No change |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | 0.29% | 49,044 | $3.9M | Reduce -7.0% |
| PNFP Pinnacle Financial Partners | 0.28% | 36,198 | $3.8M | No change |
| VONG Vanguard Russell 1000 Growth | 0.28% | 40,772 | $3.8M | No change |
| ITOT iShares Core S&P Total U.S. | 0.26% | 29,270 | $3.6M | Add +12.5% |
| UYLD Angel Oak Ultrashort Income | 0.25% | 66,736 | $3.4M | Reduce -1.3% |
| HD Home Depot Inc. | 0.25% | 9,142 | $3.4M | Reduce -19.5% |
| UNH Unitedhealth Group Inc. | 0.24% | 6,323 | $3.3M | Reduce -3.4% |
| LGLV SPDR US LC Low Vol Idx | 0.24% | 18,958 | $3.3M | No change |
| EFA iShares MSCI Eafe ETF | 0.24% | 39,431 | $3.2M | Reduce -15.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.23% | 18,168 | $3.1M | Reduce -0.1% |
| WMT Walmart Inc. | 0.23% | 34,829 | $3.1M | Add +1.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.22% | 49,587 | $3.0M | Reduce -4.4% |
| ABBV Abbvie Inc. | 0.22% | 14,052 | $2.9M | Add +1.6% |
| PG The Procter & Gamble Co. | 0.21% | 16,667 | $2.8M | Add +4.8% |
| MA Mastercard Inc. Class A | 0.21% | 5,141 | $2.8M | Add +0.6% |
| JNJ Johnson & Johnson | 0.20% | 16,408 | $2.7M | Add +12.7% |
| NFLX Netflix Inc. | 0.19% | 2,825 | $2.6M | Reduce -1.5% |
| COST Costco Wholesale Corp. | 0.19% | 2,716 | $2.6M | Reduce -4.5% |
| CSCO Cisco Systems Inc. | 0.19% | 41,357 | $2.6M | Add +5.7% |
| JBBB Janus Henderson B-BBB Clo Et | 0.18% | 49,092 | $2.4M | Add +0.6% |
| MRK Merck & Co. Inc. | 0.17% | 25,601 | $2.3M | Reduce -6.3% |
| REFI Chicago Atlantic Real Estate | 0.17% | 155,408 | $2.3M | Add +26.4% |
| QQQM Invesco Nasdaq 100 ETF | 0.16% | 11,523 | $2.2M | Add +299.1% |
| SCHG Schwab US Large-Cap Growth | 0.16% | 86,044 | $2.2M | No change |
| DFAC Dimensional US Core Equity 2 | 0.16% | 64,523 | $2.1M | No change |
| VONV Vanguard Russell 1000 Value | 0.16% | 25,517 | $2.1M | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.15% | 11,020 | $2.1M | Reduce -2.9% |
| CVX Chevron Corp. | 0.15% | 12,102 | $2.0M | Add +1.8% |
| ABT Abbott Laboratories | 0.15% | 15,232 | $2.0M | Add +2.2% |
| IAU iShares Gold Trust | 0.14% | 32,683 | $1.9M | No change |
| ORCL Oracle Corp. | 0.14% | 13,370 | $1.9M | Reduce -2.5% |
| TBIL F/M US Treasury 3 Month Bill | 0.13% | 36,304 | $1.8M | No change |
| UPS United Parcel Service Class B | 0.13% | 16,391 | $1.8M | Add +8.0% |
| KO The Coca-Cola Co. | 0.13% | 25,023 | $1.8M | Add +17.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.13% | 49,050 | $1.8M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 7,021 | $1.7M | Add +8.5% |
| HYD Vaneck High Yield Muni ETF | 0.13% | 33,820 | $1.7M | Reduce -87.3% |
| USMV iShares MSCI USA Min Vol Fac | 0.12% | 18,047 | $1.7M | No change |
| ACN Accenture PLC Class A | 0.11% | 4,705 | $1.5M | Reduce -25.7% |
| AGG iShares Core U.S. Aggregate | 0.11% | 14,654 | $1.4M | Add +10.1% |
| ETN Eaton Corp. PLC | 0.11% | 5,281 | $1.4M | Reduce -2.7% |
| AMGN Amgen Inc. | 0.11% | 4,605 | $1.4M | Add +8.1% |
| LIN Linde PLC | 0.10% | 3,049 | $1.4M | Add +17.2% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.10% | 5,638 | $1.4M | Reduce -1.8% |
| SMMV iShares MSCI USA Small-Cap M | 0.10% | 33,080 | $1.4M | No change |
| MCD McDonald's Corp. | 0.10% | 4,381 | $1.4M | Reduce -2.4% |
| SDY SS SPDR S&P Dividend ETF | 0.10% | 10,049 | $1.4M | Add +2.0% |
| PEP Pepsico Inc. | 0.10% | 8,888 | $1.3M | Add +10.1% |
| WFC Wells Fargo & Co. | 0.10% | 18,365 | $1.3M | Add +0.1% |
| INTF iShares International Equity | 0.10% | 41,814 | $1.3M | No change |
| BLK BlackRock Inc. | 0.09% | 1,338 | $1.3M | Reduce -2.8% |
| TMO Thermo Fisher Scientific Inc. | 0.09% | 2,427 | $1.2M | Add +0.3% |
| PM Philip Morris International | 0.09% | 7,552 | $1.2M | Add +4.2% |
| CRM Salesforce Inc. | 0.09% | 4,390 | $1.2M | Reduce -5.1% |
Portfolio Sells Q4 2024 → Q1 2025
| HYD Vaneck High Yield Muni ETF | Reduce -87.3% | 0.13% | −0.89 |
| QUAL iShares MSCI USA Quality Fac | Reduce -5.1% | 7.03% | −0.62 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -31.8% | 0.73% | −0.38 |
| AVGO Broadcom Inc. | Reduce -1.6% | 0.95% | −0.37 |
| TSLA Tesla Inc. | Reduce -2.9% | 0.47% | −0.28 |
| VOO Vanguard S&P 500 ETF | Reduce -4.1% | 3.13% | −0.26 |
| AAPL Apple Inc. | Reduce -0.7% | 2.07% | −0.26 |
| MSFT Microsoft Corp. | Reduce -3.6% | 1.59% | −0.25 |
| GOOGL Alphabet Inc. Class A | Reduce -0.8% | 0.51% | −0.12 |
| GOOG Alphabet Inc. Class C | Reduce -2.6% | 0.43% | −0.10 |
| HD Home Depot Inc. | Reduce -19.5% | 0.25% | −0.08 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.1% | 0.74% | −0.06 |
| ACN Accenture PLC Class A | Reduce -25.7% | 0.11% | −0.05 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -25.0% | 0.35% | −0.04 |
| MDY State Street SPDR S&P Midcap | Reduce -43.0% | 0.05% | −0.04 |
| IWB iShares Russell 1000 ETF | Reduce -4.9% | 0.41% | −0.04 |
| VGK Vanguard Ftse Europe ETF | Reduce -90.8% | 0.00% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -6.3% | 0.17% | −0.03 |
| ORCL Oracle Corp. | Reduce -2.5% | 0.14% | −0.03 |
| IWP iShares Russell Mid-Cap Grow | Reduce -44.4% | 0.03% | −0.03 |
| EMLP First Trust North American E | Sold out | 0.00% | −0.03 |
| NOW ServiceNow Inc. | Reduce -1.8% | 0.08% | −0.03 |
| CRM Salesforce Inc. | Reduce -5.1% | 0.09% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -2.7% | 0.11% | −0.03 |
| PAYO Payoneer Global Inc. | Sold out | 0.00% | −0.03 |
| EELV Invesco S&P Emerging Markets | Sold out | 0.00% | −0.02 |
| DAL Delta Air Lines Inc. | Reduce -6.3% | 0.05% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -15.8% | 0.24% | −0.02 |
| SPHQ Invesco S&P 500 Quality ETF | Reduce -2.8% | 0.69% | −0.02 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.02 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.02 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.02 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −0.02 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.02 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.02 |
| MET Metlife Inc. | Sold out | 0.00% | −0.02 |
| RF Regions Financial Corp. | Sold out | 0.00% | −0.02 |
| TRV The Travelers Cos Inc. | Sold out | 0.00% | −0.02 |
| SYF Synchrony Financial | Sold out | 0.00% | −0.02 |
| OKE Oneok Inc. | Reduce -23.5% | 0.05% | −0.02 |
| MAR Marriott International Class A | Sold out | 0.00% | −0.02 |
| PRU Prudential Financial Inc. | Sold out | 0.00% | −0.02 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Reduce -7.7% | 1.59% | −0.02 |
| SJM The JM Smucker Co. | Sold out | 0.00% | −0.02 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.02 |
| CNC Centene Corp. | Sold out | 0.00% | −0.01 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.01 |
| AEE Ameren Corporation | Sold out | 0.00% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -22.4% | 0.04% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| JAAA Janus Henderson Aaa Clo ETF | Add +3.5% | 15.69% | +0.66 |
| KBDC Kayne Anderson BDC Inc. | Add +166.5% | 0.65% | +0.40 |
| IQLT iShares MSCI International Q | Add +3.9% | 3.62% | +0.39 |
| VGSH Vanguard Short-Term Treasury | Add +88.8% | 0.78% | +0.38 |
| JQUA JPMorgan US Quality Factor | Add +3.8% | 10.39% | +0.33 |
| GBDC Golub Capital BDC Inc. | Add +9.4% | 3.06% | +0.29 |
| VGIT Vanguard Intermediate-Term T | Add +22.1% | 1.17% | +0.24 |
| JMBS Janus Henderson Mortg Backed | Add +22.2% | 1.16% | +0.24 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +4.8% | 0.67% | +0.13 |
| QQQM Invesco Nasdaq 100 ETF | Add +299.1% | 0.16% | +0.12 |
| IVV iShares Core S&P 500 ETF | Add +44.3% | 0.34% | +0.09 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +21.2% | 0.35% | +0.06 |
| XOM Exxon Mobil Corp. | Add +6.4% | 0.38% | +0.06 |
| VTI VG Morningstar TS MKT ETF-US | Add +5.3% | 8.05% | +0.06 |
| ED Consolidated Edison Inc. | New | 0.05% | +0.05 |
| JNJ Johnson & Johnson | Add +12.7% | 0.20% | +0.05 |
| V Visa Inc. Class A | Add +2.5% | 0.35% | +0.05 |
| LLY Eli Lilly & Co. | Add +5.0% | 0.35% | +0.04 |
| SO The Southern Co. | Add +148.1% | 0.06% | +0.04 |
| ABBV Abbvie Inc. | Add +1.6% | 0.22% | +0.04 |
| CVS CVS Health Corp. | New | 0.04% | +0.04 |
| IWD iShares Russell 1000 Value E | Add +107.7% | 0.07% | +0.04 |
| KO The Coca-Cola Co. | Add +17.4% | 0.13% | +0.04 |
| DUK Duke Energy Corp. | New | 0.03% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +0.8% | 0.89% | +0.03 |
| PAYX Paychex Inc. | Add +113.9% | 0.05% | +0.03 |
| CIBR First Trust Nasdaq Cybersecu | Add +191.2% | 0.05% | +0.03 |
| REFI Chicago Atlantic Real Estate | Add +26.4% | 0.17% | +0.03 |
| AWK American Water Works Co. Inc. | New | 0.03% | +0.03 |
| IEFA iShares Core MSCI Eafe ETF | Add +82.9% | 0.05% | +0.03 |
| ABT Abbott Laboratories | Add +2.2% | 0.15% | +0.03 |
| LIN Linde PLC | Add +17.2% | 0.10% | +0.03 |
| IBM Intl Business Machines Corp. | Add +8.5% | 0.13% | +0.02 |
| PM Philip Morris International | Add +4.2% | 0.09% | +0.02 |
| AMGN Amgen Inc. | Add +8.1% | 0.11% | +0.02 |
| ROP Roper Technologies Inc. | New | 0.02% | +0.02 |
| MRSH Marsh & McLennan Cos | Add +25.3% | 0.08% | +0.02 |
| SHM SS SPDR N Ice St Muni ETF | New | 0.02% | +0.02 |
| F Ford Motor Co. | New | 0.02% | +0.02 |
| CSGP Costar Group Inc. | New | 0.02% | +0.02 |
| CVX Chevron Corp. | Add +1.8% | 0.15% | +0.02 |
| GE General Electric | Add +15.4% | 0.08% | +0.02 |
| UBER Uber Technologies Inc. | Add +69.1% | 0.05% | +0.02 |
| T AT&T Inc. | Add +8.4% | 0.09% | +0.02 |
| WM Waste Management Inc. | Add +80.8% | 0.04% | +0.02 |
| HIG Hartford Insurance Group Inc. | New | 0.02% | +0.02 |
| IBIT iShares Bitcoin Trust ETF | Add +119.7% | 0.04% | +0.02 |
| HES Hess Corp. | New | 0.02% | +0.02 |
| COR Cencora Inc. | New | 0.02% | +0.02 |
| RTX RTX Corp. | Add +13.6% | 0.09% | +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 |