Sage Mountain Advisors LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 31, 2025), Sage Mountain Advisors LLC reported 494 stock positions worth $1.5 billion. Its top holding was Janus Henderson Aaa Clo ETF (JAAA) at 13.0% of the portfolio, followed by JPMorgan US Quality Factor (JQUA, 10.6%) and VG Morningstar TS MKT ETF-US (VTI, 7.9%). Compared with Q1 2025, it opened 60 new positions, sold out of 58, added to 208 and reduced 119. The biggest buy was Nvidia (NVDA, shares +23%) and the biggest sale Janus Henderson Aaa Clo ETF (JAAA, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- ATLANTA, GA
- CIK
- 0001832274
- Portfolio Value
- $1.5B (Q2 2025)
- SEC Filing
- 0001398344-25-014219 ↗ filed Jul 31, 2025
Holdings Value
Holdings 494 stocks · $1.5B
| JAAA Janus Henderson Aaa Clo ETF | 12.96% | 3,925,010 | $199.2M | Reduce -6.5% |
| JQUA JPMorgan US Quality Factor | 10.60% | 2,711,715 | $162.8M | Add +8.6% |
| VTI VG Morningstar TS MKT ETF-US | 7.92% | 400,314 | $121.7M | Add +0.7% |
| QUAL iShares MSCI USA Quality Fac | 6.85% | 576,078 | $105.3M | Add +3.2% |
| IQLT iShares MSCI International Q | 3.87% | 1,376,979 | $59.5M | Add +11.3% |
| VOO Vanguard S&P 500 ETF | 3.07% | 83,005 | $47.1M | Add +0.5% |
| GBDC Golub Capital BDC Inc. | 2.89% | 3,033,453 | $44.4M | Add +10.5% |
| MSFT Microsoft Corp. | 2.03% | 62,757 | $31.2M | Add +9.0% |
| QUS SS SPDR MSCI U Stratfact ETF | 1.99% | 187,074 | $30.5M | Reduce -2.2% |
| AAPL Apple Inc. | 1.83% | 137,200 | $28.1M | Add +8.5% |
| NVDA Nvidia Corp. | 1.73% | 168,249 | $26.6M | Add +23.2% |
| VEA Vanguard Ftse Developed ETF | 1.73% | 465,615 | $26.5M | Add +9.8% |
| VGIT Vanguard Intermediate-Term T | 1.45% | 373,584 | $22.3M | Add +39.5% |
| AVGO Broadcom Inc. | 1.45% | 80,680 | $22.2M | Add +5.1% |
| JMBS Janus Henderson Mortg Backed | 1.15% | 391,173 | $17.6M | Add +12.3% |
| AMZN Amazon.com Inc. | 1.03% | 71,982 | $15.8M | Add +16.3% |
| VXUS Vanguard Total Intl Stock | 0.97% | 215,299 | $14.9M | Add +1.7% |
| JPM JPMorgan Chase & Co. | 0.96% | 50,896 | $14.8M | Add +3.9% |
| KBDC Kayne Anderson BDC Inc. | 0.92% | 930,426 | $14.2M | Add +72.0% |
| META Meta Platforms Inc. Class A | 0.92% | 19,062 | $14.1M | Add +10.4% |
| CPRT Copart Inc. | 0.91% | 285,019 | $14.0M | Reduce -0.5% |
| VGT Vanguard Info Tech ETF | 0.83% | 19,227 | $12.8M | No change |
| TSLA Tesla Inc. | 0.76% | 36,683 | $11.7M | Add +49.2% |
| SPHQ Invesco S&P 500 Quality ETF | 0.71% | 152,334 | $10.9M | Add +7.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.70% | 45,340 | $10.7M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.69% | 17,256 | $10.7M | Reduce -2.1% |
| QQQM Invesco Nasdaq 100 ETF | 0.65% | 43,716 | $9.9M | Add +279.4% |
| VGSH Vanguard Short-Term Treasury | 0.60% | 157,913 | $9.3M | Reduce -12.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.57% | 184,222 | $8.7M | Add +2.2% |
| GOOGL Alphabet Inc. Class A | 0.56% | 49,205 | $8.7M | Add +8.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.55% | 17,551 | $8.5M | Add +2.2% |
| FTNT Fortinet Inc. | 0.47% | 68,670 | $7.3M | Reduce -0.4% |
| GOOG Alphabet Inc. Class C | 0.44% | 38,262 | $6.8M | Add +2.9% |
| ITOT iShares Core S&P Total U.S. | 0.44% | 50,139 | $6.8M | Add +71.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.43% | 11,943 | $6.6M | Reduce -17.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.41% | 14,444 | $6.3M | Add +33.0% |
| SCHX Schwab US Large-Cap ETF | 0.40% | 249,841 | $6.1M | No change |
| IWB iShares Russell 1000 ETF | 0.39% | 17,827 | $6.1M | Reduce -1.0% |
| IVV iShares Core S&P 500 ETF | 0.37% | 9,242 | $5.7M | Add +13.5% |
| XLG Invesco S&P 500 Top 50 ETF | 0.36% | 105,683 | $5.5M | Reduce -0.6% |
| IWF iShares Russell 1000 Growth | 0.35% | 12,651 | $5.4M | Add +10.1% |
| V Visa Inc. Class A | 0.34% | 14,649 | $5.2M | Add +6.8% |
| XOM Exxon Mobil Corp. | 0.30% | 42,927 | $4.6M | Reduce -1.8% |
| LLY Eli Lilly & Co. | 0.29% | 5,732 | $4.5M | Add +0.5% |
| VONG Vanguard Russell 1000 Growth | 0.29% | 40,312 | $4.4M | Reduce -1.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.28% | 6 | $4.4M | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.28% | 15,620 | $4.4M | Reduce -20.9% |
| NFLX Netflix Inc. | 0.28% | 3,208 | $4.3M | Add +13.6% |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | 0.28% | 50,112 | $4.3M | Add +2.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.27% | 45,636 | $4.2M | Reduce -11.1% |
| IJR iShares Core S&P Small-Cap E | 0.26% | 36,753 | $4.0M | Reduce -9.1% |
| PNFP Pinnacle Financial Partners | 0.26% | 36,223 | $4.0M | Add +0.1% |
| WMT Walmart Inc. | 0.25% | 38,944 | $3.8M | Add +11.8% |
| HD Home Depot Inc. | 0.24% | 9,872 | $3.6M | Add +8.0% |
| SGOV iShares 0-3 Month Treasury B | 0.23% | 35,050 | $3.5M | New |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.23% | 19,918 | $3.5M | Add +9.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.22% | 51,104 | $3.4M | Add +3.1% |
| EFA iShares MSCI Eafe ETF | 0.22% | 37,196 | $3.3M | Reduce -5.7% |
| LGLV SPDR US LC Low Vol Idx | 0.22% | 18,958 | $3.3M | No change |
| MA Mastercard Inc. Class A | 0.21% | 5,782 | $3.2M | Add +12.5% |
| ORCL Oracle Corp. | 0.21% | 14,413 | $3.2M | Add +7.8% |
| COST Costco Wholesale Corp. | 0.20% | 3,182 | $3.2M | Add +17.2% |
| UYLD Angel Oak Ultrashort Income | 0.20% | 60,431 | $3.1M | Reduce -9.4% |
| PG The Procter & Gamble Co. | 0.19% | 18,778 | $3.0M | Add +12.7% |
| CSCO Cisco Systems Inc. | 0.19% | 42,678 | $3.0M | Add +3.2% |
| SMH Vaneck Semiconductor ETF | 0.18% | 10,136 | $2.8M | Add +110.3% |
| JNJ Johnson & Johnson | 0.18% | 18,460 | $2.8M | Add +12.5% |
| ABBV Abbvie Inc. | 0.18% | 14,615 | $2.7M | Add +4.0% |
| SCHG Schwab US Large-Cap Growth | 0.16% | 86,044 | $2.5M | No change |
| CIBR First Trust Nasdaq Cybersecu | 0.15% | 31,512 | $2.4M | Add +219.8% |
| DFAC Dimensional US Core Equity 2 | 0.15% | 64,523 | $2.3M | No change |
| REFI Chicago Atlantic Real Estate | 0.15% | 163,808 | $2.3M | Add +5.4% |
| ETN Eaton Corp. PLC | 0.15% | 6,333 | $2.3M | Add +19.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 7,639 | $2.3M | Add +8.8% |
| ABT Abbott Laboratories | 0.14% | 16,334 | $2.2M | Add +7.2% |
| VONV Vanguard Russell 1000 Value | 0.14% | 25,517 | $2.2M | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.14% | 11,020 | $2.1M | No change |
| MRK Merck & Co. Inc. | 0.13% | 25,858 | $2.0M | Add +1.0% |
| IAU iShares Gold Trust | 0.13% | 32,683 | $2.0M | No change |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.13% | 48,971 | $2.0M | Reduce -0.2% |
| UNH Unitedhealth Group Inc. | 0.13% | 6,265 | $2.0M | Reduce -0.9% |
| KO The Coca-Cola Co. | 0.12% | 26,490 | $1.9M | Add +5.9% |
| PLTR Palantir Technologies Inc. Class A | 0.12% | 12,957 | $1.8M | Add +40.2% |
| PM Philip Morris International | 0.11% | 9,372 | $1.7M | Add +24.1% |
| USMV iShares MSCI USA Min Vol Fac | 0.11% | 18,047 | $1.7M | No change |
| CVX Chevron Corp. | 0.11% | 11,660 | $1.7M | Reduce -3.6% |
| HYD Vaneck High Yield Muni ETF | 0.11% | 33,045 | $1.7M | Reduce -2.3% |
| GE General Electric filed as GE AEROSPACE | 0.11% | 6,431 | $1.7M | Add +15.1% |
| WFC Wells Fargo & Co. | 0.11% | 20,449 | $1.6M | Add +11.3% |
| TBIL F/M US Treasury 3 Month Bill | 0.10% | 32,203 | $1.6M | Reduce -11.3% |
| AXP American Express Co. | 0.10% | 5,047 | $1.6M | Add +15.3% |
| UPS United Parcel Service Class B | 0.10% | 15,912 | $1.6M | Reduce -2.9% |
| GS Goldman Sachs Group Inc. | 0.10% | 2,266 | $1.6M | Add +41.5% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.10% | 5,638 | $1.6M | No change |
| TXN Texas Instruments Inc. | 0.10% | 7,414 | $1.5M | Add +13.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.10% | 6,694 | $1.5M | Add +23.9% |
| T AT&T Inc. | 0.10% | 52,274 | $1.5M | Add +27.5% |
| LIN Linde PLC | 0.10% | 3,177 | $1.5M | Add +4.2% |
| NOW ServiceNow Inc. | 0.10% | 1,448 | $1.5M | Add +9.5% |
| BLK BlackRock Inc. | 0.10% | 1,408 | $1.5M | Add +5.2% |
Portfolio Sells Q1 2025 → Q2 2025
| JAAA Janus Henderson Aaa Clo ETF | Reduce -6.5% | 12.96% | −2.73 |
| CPRT Copart Inc. | Reduce -0.5% | 0.91% | −0.28 |
| QUS SS SPDR MSCI U Stratfact ETF | Reduce -2.2% | 1.99% | −0.22 |
| VGSH Vanguard Short-Term Treasury | Reduce -12.7% | 0.60% | −0.18 |
| UNH Unitedhealth Group Inc. | Reduce -0.9% | 0.13% | −0.12 |
| JBBB Janus Henderson B-BBB Clo Et | Reduce -60.5% | 0.06% | −0.12 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -20.9% | 0.28% | −0.09 |
| XOM Exxon Mobil Corp. | Reduce -1.8% | 0.30% | −0.08 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -11.1% | 0.27% | −0.07 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -17.1% | 0.43% | −0.07 |
| UYLD Angel Oak Ultrashort Income | Reduce -9.4% | 0.20% | −0.05 |
| IJR iShares Core S&P Small-Cap E | Reduce -9.1% | 0.26% | −0.05 |
| FITB Fifth Third Bancorp | Reduce -50.5% | 0.04% | −0.05 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -0.2% | 0.70% | −0.04 |
| TPL Texas Pacific Land Corp. | Reduce -30.4% | 0.04% | −0.04 |
| CVX Chevron Corp. | Reduce -3.6% | 0.11% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.1% | 0.69% | −0.03 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.03 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.03 |
| TBIL F/M US Treasury 3 Month Bill | Reduce -11.3% | 0.10% | −0.03 |
| UPS United Parcel Service Class B | Reduce -2.9% | 0.10% | −0.03 |
| PEP Pepsico Inc. | Reduce -5.9% | 0.07% | −0.03 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.02 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.02 |
| SHM SS SPDR N Ice St Muni ETF | Sold out | 0.00% | −0.02 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.02 |
| BIZD Vaneck BDC Income ETF | Reduce -43.2% | 0.02% | −0.02 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.02 |
| ATO Atmos Energy Corp. | Sold out | 0.00% | −0.02 |
| HIG Hartford Insurance Group Inc. | Sold out | 0.00% | −0.02 |
| BX Blackstone Inc. | Reduce -23.7% | 0.06% | −0.02 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -21.5% | 0.06% | −0.02 |
| EFA iShares MSCI Eafe ETF | Reduce -5.7% | 0.22% | −0.02 |
| HES Hess Corp. | Sold out | 0.00% | −0.02 |
| AME Ametek Inc. | Sold out | 0.00% | −0.02 |
| AGG iShares Core U.S. Aggregate | Reduce -8.6% | 0.09% | −0.02 |
| KR Kroger Co. | Sold out | 0.00% | −0.02 |
| HYD Vaneck High Yield Muni ETF | Reduce -2.3% | 0.11% | −0.02 |
| DHR Danaher Corp. | Reduce -24.5% | 0.03% | −0.02 |
| MKC McCormick & Co.-Non VTG SHRS | Sold out | 0.00% | −0.02 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -13.9% | 0.05% | −0.02 |
| PPL PPL Corp. | Sold out | 0.00% | −0.02 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.02 |
| MAA Mid-America Apartment Comm | Sold out | 0.00% | −0.02 |
| FTNT Fortinet Inc. | Reduce -0.4% | 0.47% | −0.02 |
| CINF Cincinnati Financial Corp. | Sold out | 0.00% | −0.02 |
| SLB SLB Ltd. | Reduce -24.8% | 0.02% | −0.02 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.02 |
| EPD Enterprise Products Partners | Sold out | 0.00% | −0.02 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +23.2% | 1.73% | +0.64 |
| AVGO Broadcom Inc. | Add +5.1% | 1.45% | +0.50 |
| QQQM Invesco Nasdaq 100 ETF | Add +279.4% | 0.65% | +0.48 |
| MSFT Microsoft Corp. | Add +9.0% | 2.03% | +0.44 |
| TSLA Tesla Inc. | Add +49.2% | 0.76% | +0.29 |
| VGIT Vanguard Intermediate-Term T | Add +39.5% | 1.45% | +0.28 |
| KBDC Kayne Anderson BDC Inc. | Add +72.0% | 0.92% | +0.28 |
| IQLT iShares MSCI International Q | Add +11.3% | 3.87% | +0.25 |
| SGOV iShares 0-3 Month Treasury B | New | 0.23% | +0.23 |
| JQUA JPMorgan US Quality Factor | Add +8.6% | 10.60% | +0.21 |
| META Meta Platforms Inc. Class A | Add +10.4% | 0.92% | +0.18 |
| ITOT iShares Core S&P Total U.S. | Add +71.3% | 0.44% | +0.18 |
| AMZN Amazon.com Inc. | Add +16.3% | 1.03% | +0.16 |
| VEA Vanguard Ftse Developed ETF | Add +9.8% | 1.73% | +0.14 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +33.0% | 0.41% | +0.12 |
| CIBR First Trust Nasdaq Cybersecu | Add +219.8% | 0.15% | +0.11 |
| SMH Vaneck Semiconductor ETF | Add +110.3% | 0.18% | +0.11 |
| IWR iShares Russell Mid-Cap ETF | Add +3561.5% | 0.09% | +0.09 |
| NFLX Netflix Inc. | Add +13.6% | 0.28% | +0.09 |
| JPM JPMorgan Chase & Co. | Add +3.9% | 0.96% | +0.07 |
| ORCL Oracle Corp. | Add +7.8% | 0.21% | +0.07 |
| PLTR Palantir Technologies Inc. Class A | Add +40.2% | 0.12% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +8.9% | 0.56% | +0.05 |
| MSTR Strategy Inc. | Add +84.1% | 0.08% | +0.05 |
| CHD Church & Dwight Co. Inc. | New | 0.04% | +0.04 |
| IWF iShares Russell 1000 Growth | Add +10.1% | 0.35% | +0.04 |
| ETN Eaton Corp. PLC | Add +19.9% | 0.15% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +41.5% | 0.10% | +0.04 |
| IVV iShares Core S&P 500 ETF | Add +13.5% | 0.37% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +23.9% | 0.10% | +0.03 |
| CL Colgate-Palmolive Co. | New | 0.03% | +0.03 |
| DG Dollar General Corp. | New | 0.03% | +0.03 |
| GEV GE Vernova Inc. | Add +16.6% | 0.07% | +0.03 |
| SBAC SBA Communications Corp. | New | 0.03% | +0.03 |
| IWD iShares Russell 1000 Value E | Add +56.1% | 0.09% | +0.03 |
| A Agilent Technologies Inc. | New | 0.03% | +0.03 |
| NKE Nike Inc. Class B | Add +177.9% | 0.04% | +0.03 |
| GE General Electric | Add +15.1% | 0.11% | +0.03 |
| APH Amphenol Corp. Class A | Add +10.7% | 0.08% | +0.03 |
| HAS Hasbro Inc. | New | 0.03% | +0.03 |
| GIS General Mills Inc. | New | 0.03% | +0.03 |
| PWR Quanta Services Inc. | New | 0.02% | +0.02 |
| PM Philip Morris International | Add +24.1% | 0.11% | +0.02 |
| WMT Walmart Inc. | Add +11.8% | 0.25% | +0.02 |
| KLAC KLA Corp. | Add +29.1% | 0.07% | +0.02 |
| MAGS Roundhill Magnificent Seven | New | 0.02% | +0.02 |
| GPC Genuine Parts Co. | New | 0.02% | +0.02 |
| POOL Pool Corp. | New | 0.02% | +0.02 |
| BA The Boeing Co. | Add +42.9% | 0.06% | +0.02 |
| CTAS Cintas Corp. | 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 |