Sage Rhino Capital LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 26, 2024), Sage Rhino Capital LLC reported 238 stock positions worth $423.8 million. Its top holding was Invesco S&P 500 Equal Weight (RSP) at 4.2% of the portfolio, followed by Vngrd Mrngstr MD-Cap ETF-Usd (VO, 3.8%) and Vanguard Most SM-Cap ETF-Usd (VB, 3.3%). Compared with Q4 2023, it opened 21 new positions, sold out of 12, added to 129 and reduced 66. The biggest buy was Goldman Sachs Ultra Short Bo (GSST, shares +31%) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001771605
- Portfolio Value
- $423.8M (Q1 2024)
- SEC Filing
- 0001085146-24-002062 ↗ filed Apr 26, 2024
Holdings Value
Holdings 238 stocks · $423.8M
| RSP Invesco S&P 500 Equal Weight | 4.19% | 104,795 | $17.7M | Reduce -0.7% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.77% | 63,941 | $16.0M | Reduce -0.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.33% | 61,686 | $14.1M | Add +0.2% |
| IAU iShares Gold Trust | 3.32% | 334,525 | $14.1M | Add +0.6% |
| AVUV Avantis US Small Cap Value | 3.16% | 143,065 | $13.4M | Reduce -10.2% |
| IEFA iShares Core MSCI Eafe ETF | 2.94% | 167,900 | $12.5M | Add +1.8% |
| GBIL Goldman Sachs Access Treasur | 2.79% | 117,115 | $11.8M | Add +12.7% |
| SDY SS SPDR S&P Dividend ETF | 2.62% | 84,522 | $11.1M | Add +1.1% |
| AVLV Avantis US Large Cap Value | 2.34% | 154,618 | $9.9M | Reduce -2.3% |
| AAPL Apple Inc. | 2.33% | 57,603 | $9.9M | Reduce -2.6% |
| AVUS Avantis U.S. Equity ETF | 2.23% | 105,569 | $9.4M | Reduce -2.1% |
| VINCERX PHARMA INC | 2.03% | 1,703,413 | $8.6M | No change |
| MINT PIMCO Enhanced Short Maturit | 1.86% | 78,214 | $7.9M | Add +8.7% |
| VTI VG Morningstar TS MKT ETF-US | 1.76% | 28,655 | $7.4M | Add +1.2% |
| BND Vanguard Total Bond Market | 1.62% | 94,338 | $6.9M | Add +7.0% |
| XLI SS Industrial Select Sector | 1.57% | 52,871 | $6.7M | Reduce -1.9% |
| VYM Vanguard High DVD Yield ETF | 1.57% | 54,988 | $6.7M | Add +0.2% |
| MSFT Microsoft Corp. | 1.56% | 15,678 | $6.6M | Reduce -1.1% |
| AVDE Avantis International Equity | 1.53% | 101,557 | $6.5M | Add +1.3% |
| VWO Vanguard Ftse Emerging Marke | 1.52% | 153,908 | $6.4M | Add +3.4% |
| VHT Vanguard Health Care ETF | 1.47% | 23,034 | $6.2M | Reduce -0.3% |
| GSST Goldman Sachs Ultra Short Bo | 1.40% | 118,016 | $5.9M | Add +30.9% |
| COIN Coinbase Global Inc. Class A | 1.31% | 21,012 | $5.6M | Reduce -22.2% |
| BNDX Vanguard Total Intl Bond ETF | 1.28% | 110,620 | $5.4M | Add +4.2% |
| RSPT Invesco S&P 500 Equal Weight | 1.22% | 146,979 | $5.2M | Reduce -4.3% |
| BOND PIMCO Active Bond Exchange-T | 1.17% | 53,927 | $5.0M | Add +5.4% |
| VCIT Vanguard Int-Term Corporate | 1.12% | 58,907 | $4.7M | Add +20.0% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 1.10% | 50,066 | $4.7M | Add +4.1% |
| JPST JPMorgan Ultra-Short Income | 1.09% | 91,819 | $4.6M | Add +6.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.07% | 8,630 | $4.5M | Add +0.3% |
| IEMG iShares Core MSCI Emerging | 1.04% | 85,508 | $4.4M | Add +4.4% |
| SGOV iShares 0-3 Month Treasury B | 1.03% | 43,320 | $4.4M | Reduce -8.5% |
| TSLA Tesla Inc. | 1.02% | 24,545 | $4.3M | Reduce -0.1% |
| VSS Vanguard Ftse All Wo X-US SC | 0.98% | 35,701 | $4.2M | Add +5.9% |
| VUSB Vanguard Ultra Short Bond Et | 0.92% | 78,821 | $3.9M | Add +2.8% |
| XBB Bondbloxx-BB Rated Usd HY CB | 0.83% | 87,538 | $3.5M | Reduce -5.2% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.83% | 54,809 | $3.5M | Add +7.3% |
| AMZN Amazon.com Inc. | 0.72% | 16,914 | $3.1M | Reduce -2.3% |
| VMBS Vanguard Mortgage-Backed Sec | 0.70% | 65,349 | $3.0M | Add +11.5% |
| GOOG Alphabet Inc. Class C | 0.69% | 19,115 | $2.9M | Add +5.7% |
| JCPI JP Morgan Inflation MGD Bond | 0.68% | 61,660 | $2.9M | Add +7.9% |
| VTIP Vanguard Short-Term Tips | 0.67% | 59,633 | $2.9M | Add +13.7% |
| LDUR PIMCO Enhanced Low Duration | 0.64% | 28,569 | $2.7M | Add +4.6% |
| GSBD Goldman Sachs BDC Inc. | 0.61% | 173,823 | $2.6M | Add +3.1% |
| IVV iShares Core S&P 500 ETF | 0.58% | 4,655 | $2.4M | No change |
| DFNM Dimensional National Muni BD | 0.57% | 50,349 | $2.4M | Add +3.6% |
| VAW Vanguard Materials ETF | 0.53% | 11,068 | $2.3M | Add +1.2% |
| NVDA Nvidia Corp. | 0.52% | 2,456 | $2.2M | Reduce -0.7% |
| DOCU Docusign Inc. | 0.51% | 36,472 | $2.2M | No change |
| IAGG iShares Intl Aggregate Bond | 0.50% | 42,326 | $2.1M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 0.46% | 9,692 | $1.9M | Add +0.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.45% | 32,291 | $1.9M | Reduce -0.4% |
| IYR iShares US Real Estate ETF | 0.42% | 19,995 | $1.8M | Add +4.4% |
| TRNO Terreno Realty Corp. | 0.41% | 26,015 | $1.7M | Add +19.7% |
| GOOGL Alphabet Inc. Class A | 0.40% | 11,144 | $1.7M | Reduce -0.6% |
| LLY Eli Lilly & Co. | 0.39% | 2,119 | $1.6M | Add +0.8% |
| JPIE JPMorgan Income ETF | 0.38% | 35,586 | $1.6M | Add +4.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.37% | 12,320 | $1.6M | Add +0.7% |
| AES AES Corp. | 0.37% | 87,099 | $1.6M | Add +26.3% |
| GNR State Street SPDR S&P Global | 0.36% | 26,257 | $1.5M | Add +9.8% |
| DFGR Dim Global Real Estate ETF | 0.35% | 57,982 | $1.5M | Add +6.4% |
| CRC California Resources Corp. | 0.34% | 26,023 | $1.4M | Reduce -7.1% |
| MRK Merck & Co. Inc. | 0.33% | 10,608 | $1.4M | Add +1.9% |
| IWM iShares Russell 2000 ETF | 0.33% | 6,618 | $1.4M | No change |
| META Meta Platforms Inc. Class A | 0.33% | 2,857 | $1.4M | Reduce -4.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.31% | 1,342 | $1.3M | Add +3.4% |
| SMMU PIMCO SHRT TRM Muni BND ETF | 0.31% | 25,933 | $1.3M | Add +5.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.30% | 2 | $1.3M | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.29% | 24,552 | $1.2M | Add +4.5% |
| NFLX Netflix Inc. | 0.29% | 2,029 | $1.2M | Reduce -1.8% |
| CWB SS SPDR BB Conv Sec ETF | 0.29% | 16,774 | $1.2M | Add +2.9% |
| CRM Salesforce Inc. | 0.29% | 4,042 | $1.2M | Reduce -1.9% |
| ORCL Oracle Corp. | 0.29% | 9,644 | $1.2M | Reduce -1.1% |
| WFC Wells Fargo & Co. | 0.27% | 19,939 | $1.2M | Reduce -1.9% |
| FLEX Flex Ltd. | 0.27% | 39,871 | $1.1M | Reduce -12.7% |
| ROST Ross Stores Inc. | 0.26% | 7,639 | $1.1M | Reduce -4.2% |
| JNJ Johnson & Johnson | 0.26% | 7,035 | $1.1M | Add +1.4% |
| BHP BHP Group Ltd.-Spon ADR | 0.25% | 18,573 | $1.1M | Add +5.0% |
| AVEM Avantis Emerging Markets Eq | 0.25% | 18,136 | $1.1M | Reduce -1.1% |
| PG The Procter & Gamble Co. | 0.24% | 6,333 | $1.0M | Reduce -0.4% |
| CCJ Cameco Corp. | 0.24% | 23,653 | $1.0M | Reduce -7.1% |
| BLK BlackRock Finance Inc. | 0.24% | 1,225 | $1.0M | Add +1.7% |
| AXP American Express Co. | 0.24% | 4,431 | $1.0M | Add +5.0% |
| BX Blackstone Inc. | 0.23% | 7,573 | $995K | Add +9.9% |
| COST Costco Wholesale Corp. | 0.23% | 1,348 | $988K | Reduce -0.1% |
| TM Toyota Motor Corp. -Spon ADR | 0.23% | 3,796 | $955K | Add +2.1% |
| SCHW Schwab (charles) Corp. | 0.22% | 13,091 | $947K | Add +8.3% |
| V Visa Inc. Class A | 0.22% | 3,383 | $944K | Reduce -2.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.22% | 2,235 | $940K | Add +4.1% |
| SHEL Shell PLC-ADR | 0.21% | 13,550 | $908K | Add +0.5% |
| CLF Cleveland-Cliffs Inc. | 0.21% | 39,731 | $903K | Add +178.5% |
| DFAX Dimensional World Ex US Core | 0.21% | 35,128 | $894K | Add +1.2% |
| MS Morgan Stanley | 0.21% | 9,474 | $892K | Add +7.7% |
| CSCO Cisco Systems Inc. | 0.21% | 17,439 | $870K | Reduce -0.1% |
| PREF Pri Spe Pre Sec Acti-Usd Inc. | 0.20% | 46,967 | $852K | Add +5.3% |
| PFF iShares Preferred & Income S | 0.20% | 26,279 | $847K | Add +1.4% |
| VIG Vanguard Dividend Apprec ETF | 0.20% | 4,620 | $844K | No change |
| MBC Masterbrand Inc. | 0.20% | 44,904 | $842K | New |
| XOM Exxon Mobil Corp. | 0.19% | 7,073 | $822K | Add +3.6% |
| AVGO Broadcom Inc. | 0.19% | 608 | $806K | Reduce -6.0% |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -2.6% | 2.33% | −0.59 |
| TSLA Tesla Inc. | Reduce -0.1% | 1.02% | −0.55 |
| AVUV Avantis US Small Cap Value | Reduce -10.2% | 3.16% | −0.51 |
| SGOV iShares 0-3 Month Treasury B | Reduce -8.5% | 1.03% | −0.19 |
| TWLO Twilio Inc. Class A | Reduce -44.7% | 0.09% | −0.13 |
| XBB Bondbloxx-BB Rated Usd HY CB | Reduce -5.2% | 0.83% | −0.12 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -42.3% | 0.11% | −0.10 |
| SPLK Splunk Inc. | Sold out | 0.00% | −0.10 |
| RSP Invesco S&P 500 Equal Weight | Reduce -0.7% | 4.19% | −0.09 |
| FLEX Flex Ltd. | Reduce -12.7% | 0.27% | −0.09 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -4.3% | 1.22% | −0.07 |
| MTH Meritage Homes Corp. | Sold out | 0.00% | −0.06 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.3% | 3.77% | −0.06 |
| GPI Group 1 Automotive Inc. | Sold out | 0.00% | −0.06 |
| ZUO Zuora Inc. Class A | Reduce -43.1% | 0.06% | −0.06 |
| CRC California Resources Corp. | Reduce -7.1% | 0.34% | −0.06 |
| STM Stmicroelectronics NV-NY SHS | Sold out | 0.00% | −0.05 |
| WDS Woodside Energy Group-ADR | Sold out | 0.00% | −0.05 |
| CYTK Cytokinetics Inc. | Sold out | 0.00% | −0.05 |
| BUD Anheuser-Busch Inbev-SPN ADR | Sold out | 0.00% | −0.05 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.05 |
| SPSC SPS Commerce Inc. | Sold out | 0.00% | −0.05 |
| ATI Ati Inc. | Sold out | 0.00% | −0.05 |
| ZTS Zoetis Inc. | Reduce -4.5% | 0.14% | −0.04 |
| IAGG iShares Intl Aggregate Bond | Reduce -0.2% | 0.50% | −0.04 |
| CCJ Cameco Corp. | Reduce -7.1% | 0.24% | −0.04 |
| WK Workiva Inc. | Reduce -0.8% | 0.09% | −0.03 |
| AVUS Avantis U.S. Equity ETF | Reduce -2.1% | 2.23% | −0.03 |
| SYY Sysco Corp. | Reduce -21.6% | 0.11% | −0.03 |
| ADBE Adobe Inc. | Reduce -6.0% | 0.06% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -0.1% | 0.21% | −0.02 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -0.4% | 0.45% | −0.02 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -2.5% | 0.06% | −0.02 |
| ROST Ross Stores Inc. | Reduce -4.2% | 0.26% | −0.02 |
| AVEM Avantis Emerging Markets Eq | Reduce -1.1% | 0.25% | −0.02 |
| VHT Vanguard Health Care ETF | Reduce -0.3% | 1.47% | −0.02 |
| DISH Dish Network Corp. Class A | Sold out | 0.00% | −0.02 |
| ETB Eaton Vance T/M Buy-WRT Inc. | Reduce -5.3% | 0.16% | −0.01 |
| SBUX Starbucks Corp. | Reduce -6.6% | 0.06% | −0.01 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -39.2% | 0.05% | −0.01 |
| NSIT Insight Enterprises Inc. | Reduce -14.2% | 0.06% | −0.01 |
| SABR Sabre Corp. | Sold out | 0.00% | −0.01 |
| MCD McDonald's Corp. | Reduce -1.0% | 0.07% | −0.01 |
| DDD 3D Systems Corp. | Reduce -9.6% | 0.01% | −0.01 |
| V Visa Inc. Class A | Reduce -2.9% | 0.22% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -3.8% | 0.07% | −0.01 |
| BKNG Booking Holdings Inc. | Reduce -2.3% | 0.11% | −0.01 |
| INTU Intuit Inc. | Reduce -6.9% | 0.07% | −0.01 |
| ICSH iShares Ultra Short Duration | Reduce -1.0% | 0.09% | −0.01 |
| PM Philip Morris International | Reduce -0.2% | 0.06% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| GSST Goldman Sachs Ultra Short Bo | Add +30.9% | 1.40% | +0.24 |
| MBC Masterbrand Inc. | New | 0.20% | +0.20 |
| VRRM Verra Mobility Corp. | New | 0.14% | +0.14 |
| CLF Cleveland-Cliffs Inc. | Add +178.5% | 0.21% | +0.14 |
| WMG Warner Music Group Corp. Class A | New | 0.13% | +0.13 |
| GBIL Goldman Sachs Access Treasur | Add +12.7% | 2.79% | +0.13 |
| VCIT Vanguard Int-Term Corporate | Add +20.0% | 1.12% | +0.09 |
| LLY Eli Lilly & Co. | Add +0.8% | 0.39% | +0.07 |
| FTAI Ftai Aviation Ltd. | New | 0.06% | +0.06 |
| TRNO Terreno Realty Corp. | Add +19.7% | 0.41% | +0.06 |
| ASML ASML Holding NV-NY Reg SHS | Add +3.4% | 0.31% | +0.06 |
| VZ Verizon Communications Inc. | New | 0.05% | +0.05 |
| AAP Advance Auto Parts Inc. | New | 0.05% | +0.05 |
| LNC Lincoln National Corp. | New | 0.05% | +0.05 |
| TM Toyota Motor Corp. -Spon ADR | Add +2.1% | 0.23% | +0.05 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | New | 0.05% | +0.05 |
| DIS The Walt Disney Co. | New | 0.05% | +0.05 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +0.7% | 0.37% | +0.05 |
| HMC Honda Motor Co. Ltd.-Spons ADR | New | 0.05% | +0.05 |
| LIN Linde PLC | New | 0.05% | +0.05 |
| SPYG SS SPDR P S&P 500 Growth ETF | New | 0.05% | +0.05 |
| BTI British American Tob-SP ADR | New | 0.05% | +0.05 |
| BAC Bank of America Corp. | New | 0.05% | +0.05 |
| NEM Newmont Corp. | Add +77.4% | 0.14% | +0.04 |
| MRK Merck & Co. Inc. | Add +1.9% | 0.33% | +0.04 |
| TAK Takeda Pharmaceutic-SP ADR | New | 0.04% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 0.46% | +0.04 |
| AXP American Express Co. | Add +5.0% | 0.24% | +0.04 |
| VTIP Vanguard Short-Term Tips | Add +13.7% | 0.67% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +5.7% | 0.69% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.2% | 1.76% | +0.03 |
| PTEN Patterson-Uti Energy Inc. | New | 0.03% | +0.03 |
| MPT Medical Properties Trust Inc. | New | 0.03% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +0.4% | 0.15% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +6.9% | 0.13% | +0.03 |
| AES AES Corp. | Add +26.3% | 0.37% | +0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +4.1% | 0.22% | +0.03 |
| SAP Sap SE-Sponsored ADR | Add +2.0% | 0.16% | +0.02 |
| AER Aercap Holdings NV | Add +8.6% | 0.17% | +0.02 |
| KKR KKR & Co. Inc. | Add +0.1% | 0.19% | +0.02 |
| XOM Exxon Mobil Corp. | Add +3.6% | 0.19% | +0.02 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Add +0.8% | 0.10% | +0.02 |
| NOK Nokia Corp.-Spon ADR | New | 0.02% | +0.02 |
| OGN Organon & Co. | Add +11.4% | 0.07% | +0.02 |
| NWG Natwest Group PLC -Spon ADR | New | 0.02% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 1.07% | +0.01 |
| SMFG Sumitomo Mitsui-Spons ADR | Add +2.8% | 0.10% | +0.01 |
| B Barrick Gold Corp. | Add +30.8% | 0.14% | +0.01 |
| MINT PIMCO Enhanced Short Maturit | Add +8.7% | 1.86% | +0.01 |
| RACE Ferrari NV | Add +1.5% | 0.07% | +0.01 |
Options Activity Q4 2023 → Q1 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 40,000 | $11Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 380 | $608.3M | VB, VO, GBIL, RSP, AVUV |
| Q1 2026 | 328 | $534.5M | VO, VB, AVUV, RSP, IEFA |
| Q4 2025 | 308 | $529.4M | IAU, VO, VB, RSP, IEFA |
| Q3 2025 | 297 | $517.1M | IAU, GBIL, VO, VB, RSP |
| Q2 2025 | 280 | $472.9M | IAU, VO, GBIL, RSP, VB |
| Q1 2025 | 265 | $431.2M | RSP, IAU, VO, VB, AVUV |
| Q4 2024 | 271 | $458.4M | RSP, VO, IAU, VB, GBIL |
| Q3 2024 | 278 | $451.5M | RSP, VO, IAU, VB, AVUV |
| Q2 2024 | 251 | $418.7M | RSP, VO, IAU, VB, AVUV |
| Q1 2024 | 238 | $423.8M | RSP, VO, VB, IAU, AVUV |