Sage Mountain Advisors LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Sage Mountain Advisors LLC reported 281 stock positions worth $1.4 billion. Its top holding was Janus Henderson Aaa Clo ETF (JAAA) at 18.2% of the portfolio, followed by JPMorgan US Quality Factor (JQUA, 12.7%) and VG Morningstar TS MKT ETF-US (VTI, 9.4%). Compared with Q4 2025, it opened 13 new positions, sold out of 291, added to 56 and reduced 95. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +3%) and the biggest sale Nvidia (NVDA, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- ATLANTA, GA
- CIK
- 0001832274
- Portfolio Value
- $1.4B (Q1 2026)
- SEC Filing
- 0001398344-26-008901 ↗ filed May 11, 2026
Holdings Value
Holdings 281 stocks · $1.4B
| JAAA Janus Henderson Aaa Clo ETF | 18.23% | 5,170,765 | $260.5M | Add +3.0% |
| JQUA JPMorgan US Quality Factor | 12.73% | 2,967,077 | $181.9M | Add +0.9% |
| VTI VG Morningstar TS MKT ETF-US | 9.39% | 418,114 | $134.1M | Add +0.3% |
| QUAL iShares MSCI USA Quality Fac | 7.75% | 577,602 | $110.8M | Add +2.8% |
| IQLT iShares MSCI International Q | 5.27% | 1,627,732 | $75.3M | Add +8.4% |
| VOO Vanguard S&P 500 ETF | 3.42% | 81,746 | $48.8M | Reduce -1.3% |
| GBDC Golub Capital BDC Inc. | 3.33% | 3,756,271 | $47.6M | Add +11.8% |
| VGIT Vanguard Intermediate-Term T | 2.98% | 713,836 | $42.5M | Add +11.6% |
| VEA Vanguard Ftse Developed ETF | 2.52% | 561,686 | $36.0M | Add +9.7% |
| QUS SS SPDR MSCI U Stratfact ETF | 2.02% | 168,022 | $28.8M | Reduce -1.1% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 1.95% | 546,566 | $27.9M | Reduce -7.4% |
| JMBS Janus Henderson Mortg Backed | 1.94% | 612,346 | $27.7M | Add +30.9% |
| VXUS Vanguard Total Intl Stock | 1.12% | 206,753 | $15.9M | Add +1.3% |
| VGT Vanguard Info Tech ETF | 0.94% | 19,227 | $13.4M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.86% | 18,983 | $12.3M | Add +0.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.81% | 44,011 | $11.5M | Reduce -14.2% |
| SPHQ Invesco S&P 500 Quality ETF | 0.80% | 151,843 | $11.4M | Add +0.0% |
| ITOT iShares Core S&P Total U.S. | 0.79% | 79,649 | $11.3M | Add +38.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.76% | 24,740 | $10.8M | Reduce -3.2% |
| AVGO Broadcom Inc. | 0.71% | 32,971 | $10.2M | Reduce -56.9% |
| QQQM Invesco Nasdaq 100 ETF | 0.70% | 42,186 | $10.0M | Add +0.0% |
| VGSH Vanguard Short-Term Treasury | 0.64% | 157,323 | $9.2M | Add +31.9% |
| JPM JPMorgan Chase & Co. | 0.61% | 29,725 | $8.7M | Reduce -42.7% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.59% | 170,392 | $8.5M | Reduce -6.5% |
| AAPL Apple Inc. | 0.58% | 32,862 | $8.3M | Reduce -78.1% |
| TSLA Tesla Inc. | 0.57% | 21,874 | $8.1M | Reduce -48.3% |
| IVV iShares Core S&P 500 ETF | 0.54% | 11,799 | $7.7M | Reduce -1.6% |
| CPRT Copart Inc. | 0.53% | 226,504 | $7.5M | Reduce -20.5% |
| OMFL Invesco Russell 1000 DYN M/F | 0.51% | 120,800 | $7.3M | No change |
| IWF iShares Russell 1000 Growth | 0.49% | 16,560 | $7.1M | Add +31.9% |
| IWB iShares Russell 1000 ETF | 0.48% | 19,207 | $6.8M | Add +8.1% |
| UYLD Angel Oak Ultrashort Income | 0.45% | 126,240 | $6.4M | Reduce -0.1% |
| SCHX Schwab US Large-Cap ETF | 0.45% | 249,841 | $6.4M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.44% | 10,815 | $6.2M | Reduce -9.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.41% | 29,537 | $5.8M | Add +47.6% |
| XLG Invesco S&P 500 Top 50 ETF | 0.40% | 105,864 | $5.8M | Reduce -1.7% |
| KBDC Kayne Anderson BDC Inc. | 0.40% | 418,062 | $5.7M | Reduce -47.6% |
| QEFA STSR SPD MSC Eaf Stgfs-US Inc. | 0.32% | 49,562 | $4.6M | Reduce -1.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.32% | 15,700 | $4.5M | Reduce -31.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.30% | 47,477 | $4.3M | Add +12.9% |
| VONG Vanguard Russell 1000 Growth | 0.29% | 38,103 | $4.2M | Add +0.0% |
| IJR iShares Core S&P Small-Cap E | 0.29% | 33,485 | $4.2M | Reduce -0.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.27% | 51,903 | $3.9M | Add +0.0% |
| DFLV Dim US Large Cap Value ETF | 0.27% | 106,502 | $3.8M | New |
| SMH Vaneck Semiconductor ETF | 0.26% | 9,739 | $3.7M | No change |
| AMZN Amazon.com Inc. | 0.26% | 17,879 | $3.7M | Reduce -79.8% |
| SGOV iShares 0-3 Month Treasury B | 0.26% | 36,755 | $3.7M | Add +7.4% |
| VONV Vanguard Russell 1000 Value | 0.25% | 38,239 | $3.6M | Reduce -0.6% |
| GLDM SPDR Gold Minishares Trust | 0.24% | 37,416 | $3.5M | Add +42.9% |
| FTNT Fortinet Inc. | 0.24% | 42,300 | $3.5M | Reduce -38.1% |
| LGLV SPDR US LC Low Vol Idx | 0.24% | 18,958 | $3.4M | No change |
| META Meta Platforms Inc. Class A | 0.21% | 5,291 | $3.0M | Reduce -73.3% |
| IAU iShares Gold Trust | 0.20% | 32,753 | $2.9M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.19% | 5,617 | $2.7M | Reduce -70.1% |
| DFAC Dimensional US Core Equity 2 | 0.18% | 64,523 | $2.5M | No change |
| SCHG Schwab US Large-Cap Growth | 0.18% | 86,053 | $2.5M | Add +0.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.16% | 10,786 | $2.3M | Reduce -0.1% |
| DFIV Dimensional International Va | 0.16% | 44,203 | $2.3M | Add +1227.8% |
| GOOGL Alphabet Inc. Class A | 0.16% | 7,977 | $2.3M | Reduce -86.0% |
| MSFT Microsoft Corp. | 0.16% | 6,021 | $2.2M | Reduce -91.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.15% | 3 | $2.2M | No change |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.15% | 47,171 | $2.2M | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.15% | 7,192 | $2.1M | Add +0.0% |
| EFA iShares MSCI Eafe ETF | 0.15% | 21,487 | $2.1M | No change |
| LIEN Chicago Atlantic BDC Inc. | 0.14% | 215,576 | $2.0M | Reduce -19.6% |
| DFSV Dimensional US Small Cap Val | 0.13% | 53,769 | $1.9M | New |
| IWD iShares Russell 1000 Value E | 0.12% | 8,321 | $1.8M | Add +14.1% |
| CIBR First Trust Nasdaq Cybersecu | 0.12% | 28,312 | $1.8M | Reduce -10.2% |
| IDEV iShares Core MSCI Dev MKTS | 0.12% | 20,686 | $1.7M | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.12% | 5,718 | $1.7M | No change |
| SHM SS SPDR N Ice St Muni ETF | 0.12% | 34,816 | $1.7M | Add +563.2% |
| INTF iShares International Equity | 0.12% | 42,634 | $1.7M | No change |
| VBIL Vanguard 0-3M T-Bill ETF | 0.12% | 21,768 | $1.6M | Add +2.3% |
| NVDA Nvidia Corp. | 0.11% | 9,363 | $1.6M | Reduce -95.0% |
| ESGU iShares ESG Aware MSCI USA | 0.11% | 11,476 | $1.6M | No change |
| TBIL F/M US Treasury 3 Month Bill | 0.11% | 32,203 | $1.6M | No change |
| GOOG Alphabet Inc. Class C | 0.11% | 5,254 | $1.5M | Reduce -87.2% |
| SMMV iShares MSCI USA Small-Cap M | 0.10% | 33,080 | $1.4M | No change |
| IWR iShares Russell Mid-Cap ETF | 0.10% | 14,756 | $1.4M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.10% | 4,048 | $1.4M | Reduce -52.2% |
| IVW iShares S&P 500 Growth ETF | 0.09% | 11,908 | $1.3M | Add +16.0% |
| IBIT iShares Bitcoin Trust ETF | 0.09% | 34,539 | $1.3M | Add +0.7% |
| SDY SS SPDR S&P Dividend ETF | 0.09% | 8,985 | $1.3M | No change |
| BMNR Bitmine Immersion Technologi | 0.09% | 65,229 | $1.3M | Add +128.1% |
| GLD SPDR Gold Shares | 0.09% | 2,994 | $1.3M | No change |
| AGG iShares Core U.S. Aggregate | 0.09% | 12,325 | $1.2M | Add +5.5% |
| RY Royal Bank of Canada | 0.09% | 7,530 | $1.2M | Reduce -3.5% |
| WMT Walmart Inc. | 0.08% | 9,494 | $1.2M | Reduce -77.0% |
| IWV iShares Russell 3000 ETF | 0.08% | 3,053 | $1.1M | No change |
| REFI Chicago Atlantic Real Estate | 0.08% | 98,730 | $1.1M | Reduce -18.7% |
| ACWI iShares MSCI Acwi ETF | 0.08% | 7,820 | $1.1M | Add +0.3% |
| LLY Eli Lilly & Co. | 0.07% | 1,086 | $999K | Reduce -84.8% |
| USMV iShares MSCI USA Min Vol Fac | 0.07% | 10,752 | $997K | Add +8.9% |
| MRK Merck & Co. Inc. | 0.07% | 8,218 | $989K | Reduce -71.8% |
| MSTR Strategy Inc. | 0.07% | 7,787 | $972K | Add +30.1% |
| V Visa Inc. Class A | 0.07% | 3,190 | $964K | Reduce -80.7% |
| VIG Vanguard Dividend Apprec ETF | 0.07% | 4,424 | $951K | Reduce -60.1% |
| AGNC AGNC Investment Corp. | 0.07% | 94,702 | $950K | Reduce -0.5% |
| SPLV Invesco S&P 500 Low Volatili | 0.06% | 12,635 | $924K | No change |
| IWM iShares Russell 2000 ETF | 0.06% | 3,703 | $918K | Reduce -4.9% |
Portfolio Sells Q4 2025 → Q1 2026
| NVDA Nvidia Corp. | Reduce -95.0% | 0.11% | −1.76 |
| MSFT Microsoft Corp. | Reduce -91.1% | 0.16% | −1.58 |
| AAPL Apple Inc. | Reduce -78.1% | 0.58% | −1.58 |
| AMZN Amazon.com Inc. | Reduce -79.8% | 0.26% | −0.82 |
| GOOGL Alphabet Inc. Class A | Reduce -86.0% | 0.16% | −0.79 |
| AVGO Broadcom Inc. | Reduce -56.9% | 0.71% | −0.69 |
| CHD Church & Dwight Co. Inc. | Sold out | 0.00% | −0.64 |
| GOOG Alphabet Inc. Class C | Reduce -87.2% | 0.11% | −0.58 |
| META Meta Platforms Inc. Class A | Reduce -73.3% | 0.21% | −0.48 |
| TSLA Tesla Inc. | Reduce -48.3% | 0.57% | −0.44 |
| BAC Bank of America Corp. | Reduce -95.4% | 0.02% | −0.43 |
| LLY Eli Lilly & Co. | Reduce -84.8% | 0.07% | −0.34 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -70.1% | 0.19% | −0.31 |
| XOM Exxon Mobil Corp. | Reduce -95.0% | 0.03% | −0.28 |
| JPM JPMorgan Chase & Co. | Reduce -42.7% | 0.61% | −0.27 |
| V Visa Inc. Class A | Reduce -80.7% | 0.07% | −0.24 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.21 |
| KBDC Kayne Anderson BDC Inc. | Reduce -47.6% | 0.40% | −0.20 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.20 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.19 |
| JNJ Johnson & Johnson | Reduce -86.3% | 0.05% | −0.19 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.18 |
| WMT Walmart Inc. | Reduce -77.0% | 0.08% | −0.16 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.16 |
| CSCO Cisco Systems Inc. | Reduce -85.2% | 0.04% | −0.15 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.15 |
| NFLX Netflix Inc. | Reduce -90.6% | 0.02% | −0.14 |
| ETN Eaton Corp. PLC | Reduce -92.7% | 0.02% | −0.14 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.14 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.14 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.14 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.12 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.12 |
| GE General Electric | Sold out | 0.00% | −0.12 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.11 |
| C Citigroup Inc. | Sold out | 0.00% | −0.11 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.11 |
| RSP Invesco S&P 500 Equal Weight | Reduce -82.7% | 0.03% | −0.11 |
| RTX RTX Corp. | Sold out | 0.00% | −0.11 |
| PM Philip Morris International | Sold out | 0.00% | −0.11 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.10 |
| AXP American Express Co. | Reduce -87.9% | 0.02% | −0.10 |
| CVX Chevron Corp. | Reduce -90.5% | 0.02% | −0.10 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.10 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.10 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.10 |
| KO The Coca-Cola Co. | Reduce -90.5% | 0.01% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -80.8% | 0.04% | −0.09 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.09 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −0.09 |
Portfolio Buys Q4 2025 → Q1 2026
| JAAA Janus Henderson Aaa Clo ETF | Add +3.0% | 18.23% | +4.77 |
| JQUA JPMorgan US Quality Factor | Add +0.9% | 12.73% | +2.88 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 9.39% | +1.97 |
| QUAL iShares MSCI USA Quality Fac | Add +2.8% | 7.75% | +1.83 |
| IQLT iShares MSCI International Q | Add +8.4% | 5.27% | +1.65 |
| VGIT Vanguard Intermediate-Term T | Add +11.6% | 2.98% | +0.94 |
| GBDC Golub Capital BDC Inc. | Add +11.8% | 3.33% | +0.91 |
| VEA Vanguard Ftse Developed ETF | Add +9.7% | 2.52% | +0.82 |
| JMBS Janus Henderson Mortg Backed | Add +30.9% | 1.94% | +0.80 |
| ITOT iShares Core S&P Total U.S. | Add +38.1% | 0.79% | +0.34 |
| VXUS Vanguard Total Intl Stock | Add +1.3% | 1.12% | +0.30 |
| VGSH Vanguard Short-Term Treasury | Add +31.9% | 0.64% | +0.27 |
| DFLV Dim US Large Cap Value ETF | New | 0.27% | +0.27 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +47.6% | 0.41% | +0.20 |
| SPHQ Invesco S&P 500 Quality ETF | Add +0.0% | 0.80% | +0.19 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.7% | 0.86% | +0.18 |
| IWF iShares Russell 1000 Growth | Add +31.9% | 0.49% | +0.18 |
| DFIV Dimensional International Va | Add +1227.8% | 0.16% | +0.15 |
| QQQM Invesco Nasdaq 100 ETF | Add +0.0% | 0.70% | +0.14 |
| DFSV Dimensional US Small Cap Val | New | 0.13% | +0.13 |
| IWB iShares Russell 1000 ETF | Add +8.1% | 0.48% | +0.13 |
| GLDM SPDR Gold Minishares Trust | Add +42.9% | 0.24% | +0.12 |
| SHM SS SPDR N Ice St Muni ETF | Add +563.2% | 0.12% | +0.10 |
| IEFA iShares Core MSCI Eafe ETF | Add +12.9% | 0.30% | +0.10 |
| SGOV iShares 0-3 Month Treasury B | Add +7.4% | 0.26% | +0.08 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.0% | 0.27% | +0.07 |
| BMNR Bitmine Immersion Technologi | Add +128.1% | 0.09% | +0.05 |
| VONG Vanguard Russell 1000 Growth | Add +0.0% | 0.29% | +0.05 |
| IGSB iShares 1-5Y Inv Grade Corp. | New | 0.04% | +0.04 |
| IWD iShares Russell 1000 Value E | Add +14.1% | 0.12% | +0.04 |
| TPL Texas Pacific Land Corp. | Add +29.6% | 0.06% | +0.04 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +0.0% | 0.15% | +0.03 |
| VBIL Vanguard 0-3M T-Bill ETF | Add +2.3% | 0.12% | +0.03 |
| IVW iShares S&P 500 Growth ETF | Add +16.0% | 0.09% | +0.03 |
| SCHG Schwab US Large-Cap Growth | Add +0.0% | 0.18% | +0.03 |
| MAGS Roundhill Magnificent Seven | Add +85.9% | 0.05% | +0.02 |
| FIGR Figure Technology Solut Class A | New | 0.02% | +0.02 |
| AGG iShares Core U.S. Aggregate | Add +5.5% | 0.09% | +0.02 |
| USMV iShares MSCI USA Min Vol Fac | Add +8.9% | 0.07% | +0.02 |
| XLE SS Energy Select Sector | Add +5.1% | 0.04% | +0.02 |
| MSTR Strategy Inc. | Add +30.1% | 0.07% | +0.02 |
| BLCV iShares Large Cap Val Act | New | 0.02% | +0.02 |
| ACWI iShares MSCI Acwi ETF | Add +0.3% | 0.08% | +0.02 |
| TEL Te Connectivity PLC | New | 0.02% | +0.02 |
| PYPL PayPal Holdings Inc. | New | 0.01% | +0.01 |
| VT Vanguard Tot World STK ETF | Add +0.2% | 0.06% | +0.01 |
| SCHF Schwab Intl Equity ETF | Add +1.1% | 0.05% | +0.01 |
| XVV iShares ESG Select Screened | Add +2.5% | 0.06% | +0.01 |
| IXUS iShares Core Intl Stock ETF | Add +19.0% | 0.03% | +0.01 |
| SCHV Schwab US Large-Cap Value | Add +0.3% | 0.04% | +0.01 |
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 |