Sage Rhino Capital LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Sage Rhino Capital LLC reported 265 stock positions worth $431.2 million. Its top holding was Invesco S&P 500 Equal Weight (RSP) at 4.1% of the portfolio, followed by iShares Gold Trust (IAU, 4.1%) and Vngrd Mrngstr MD-Cap ETF-Usd (VO, 3.9%). Compared with Q4 2024, it opened 25 new positions, sold out of 31, added to 114 and reduced 107. The biggest buy was Vngrd Mrngstr MD-Cap ETF-Usd (VO, shares +3%) and the biggest sale Invesco QQQ Trust Series 1 (QQQ, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001771605
- Portfolio Value
- $431.2M (Q1 2025)
- SEC Filing
- 0001085146-25-002506 ↗ filed May 1, 2025
Holdings Value
Holdings 265 stocks · $431.2M
| RSP Invesco S&P 500 Equal Weight | 4.09% | 101,714 | $17.6M | Add +0.7% |
| IAU iShares Gold Trust | 4.08% | 298,174 | $17.6M | Reduce -2.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.92% | 65,286 | $16.9M | Add +3.0% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.45% | 67,119 | $14.9M | Add +7.2% |
| AVUV Avantis US Small Cap Value | 3.20% | 158,104 | $13.8M | Add +10.6% |
| GBIL Goldman Sachs Access Treasur | 3.04% | 130,967 | $13.1M | Reduce -5.4% |
| IEFA iShares Core MSCI Eafe ETF | 3.01% | 171,506 | $13.0M | Reduce -6.8% |
| SDY SS SPDR S&P Dividend ETF | 2.63% | 83,665 | $11.4M | Reduce -1.0% |
| AAPL Apple Inc. | 2.46% | 47,803 | $10.6M | Reduce -2.4% |
| AVLV Avantis US Large Cap Value | 2.33% | 153,868 | $10.0M | Add +3.4% |
| AVUS Avantis U.S. Equity ETF | 2.20% | 102,899 | $9.5M | Add +3.5% |
| JAAA Janus Henderson Aaa Clo ETF | 1.93% | 163,963 | $8.3M | Reduce -1.8% |
| VTI VG Morningstar TS MKT ETF-US | 1.87% | 29,345 | $8.1M | Add +1.4% |
| VCIT Vanguard Int-Term Corporate | 1.68% | 88,658 | $7.2M | Reduce -2.0% |
| VWO Vanguard Ftse Emerging Marke | 1.62% | 154,325 | $7.0M | Reduce -3.0% |
| VYM Vanguard High DVD Yield ETF | 1.59% | 53,058 | $6.8M | Reduce -1.0% |
| AVDE Avantis International Equity | 1.58% | 102,970 | $6.8M | Reduce -4.1% |
| BND Vanguard Total Bond Market | 1.57% | 92,420 | $6.8M | Reduce -0.3% |
| XLI SS Industrial Select Sector | 1.55% | 51,111 | $6.7M | Add +1.1% |
| TSLA Tesla Inc. | 1.55% | 25,730 | $6.7M | Reduce -0.5% |
| GSST Goldman Sachs Ultra Short Bo | 1.42% | 121,342 | $6.1M | Reduce -16.0% |
| MSFT Microsoft Corp. | 1.32% | 15,113 | $5.7M | Add +2.7% |
| VHT Vanguard Health Care ETF | 1.29% | 20,939 | $5.5M | Reduce -5.8% |
| BNDX Vanguard Total Intl Bond ETF | 1.24% | 109,816 | $5.4M | Reduce -0.7% |
| RSPT Invesco S&P 500 Equal Weight | 1.17% | 147,901 | $5.1M | Add +4.7% |
| SGOV iShares 0-3 Month Treasury B | 1.14% | 48,735 | $4.9M | Reduce -51.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.13% | 8,699 | $4.9M | Reduce -26.5% |
| IEMG iShares Core MSCI Emerging | 1.04% | 83,255 | $4.5M | Reduce -4.8% |
| VMBS Vanguard Mortgage-Backed Sec | 0.96% | 89,598 | $4.1M | Add +1.3% |
| VSS Vanguard Ftse All Wo X-US SC | 0.96% | 35,721 | $4.1M | Reduce -1.8% |
| COIN Coinbase Global Inc. Class A | 0.84% | 21,065 | $3.6M | Add +0.1% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.81% | 54,263 | $3.5M | Reduce -2.0% |
| AMZN Amazon.com Inc. | 0.77% | 17,490 | $3.3M | Add +2.1% |
| MINT PIMCO Enhanced Short Maturit | 0.77% | 33,022 | $3.3M | Reduce -9.0% |
| JPST JPMorgan Ultra-Short Income | 0.74% | 63,370 | $3.2M | Reduce -14.6% |
| NVDA Nvidia Corp. | 0.73% | 29,236 | $3.2M | Add +4.0% |
| GSBD Goldman Sachs BDC Inc. | 0.71% | 263,785 | $3.1M | Add +4.5% |
| GOOG Alphabet Inc. Class C | 0.70% | 19,221 | $3.0M | Add +8.0% |
| JCPI JP Morgan Inflation MGD Bond | 0.66% | 59,138 | $2.8M | Add +1.0% |
| VTIP Vanguard Short-Term Tips | 0.66% | 56,615 | $2.8M | Reduce -0.5% |
| LDUR PIMCO Enhanced Low Duration | 0.64% | 28,731 | $2.8M | Add +0.8% |
| IVV iShares Core S&P 500 ETF | 0.61% | 4,666 | $2.6M | Add +0.0% |
| VUSB Vanguard Ultra Short Bond Et | 0.59% | 51,449 | $2.6M | Reduce -11.6% |
| JPM JPMorgan Chase & Co. | 0.57% | 10,034 | $2.5M | Reduce -1.0% |
| IYR iShares US Real Estate ETF | 0.53% | 23,961 | $2.3M | Add +1.4% |
| VAW Vanguard Materials ETF | 0.52% | 11,920 | $2.3M | Add +5.6% |
| JPIE JPMorgan Income ETF | 0.52% | 48,415 | $2.2M | Add +1.5% |
| XBB Bondbloxx-BB Rated Usd HY CB | 0.52% | 55,138 | $2.2M | Reduce -5.5% |
| IAGG iShares Intl Aggregate Bond | 0.50% | 43,125 | $2.2M | Add +6.5% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.46% | 39,794 | $2.0M | Add +5.8% |
| DFGR Dim Global Real Estate ETF | 0.45% | 73,337 | $1.9M | Add +1.4% |
| NFLX Netflix Inc. | 0.44% | 2,017 | $1.9M | Reduce -0.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.42% | 30,055 | $1.8M | Reduce -3.2% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 0.42% | 19,331 | $1.8M | Add +2.6% |
| LLY Eli Lilly & Co. | 0.41% | 2,139 | $1.8M | Add +0.5% |
| GOOGL Alphabet Inc. Class A | 0.39% | 10,768 | $1.7M | Reduce -0.3% |
| META Meta Platforms Inc. Class A | 0.38% | 2,861 | $1.6M | Add +2.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.37% | 2 | $1.6M | No change |
| TRNO Terreno Realty Corp. | 0.37% | 25,076 | $1.6M | Add +1.3% |
| GNR State Street SPDR S&P Global | 0.35% | 28,444 | $1.5M | Reduce -0.3% |
| WFC Wells Fargo & Co. | 0.33% | 19,519 | $1.4M | Reduce -1.8% |
| DOCU Docusign Inc. | 0.32% | 16,820 | $1.4M | Reduce -7.1% |
| PG The Procter & Gamble Co. | 0.31% | 7,755 | $1.3M | Add +0.5% |
| IWM iShares Russell 2000 ETF | 0.30% | 6,580 | $1.3M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.30% | 1,361 | $1.3M | Reduce -0.7% |
| ORCL Oracle Corp. | 0.30% | 9,136 | $1.3M | Add +0.1% |
| VXF Vanguard Extended Market ETF | 0.28% | 6,956 | $1.2M | Add +2.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.28% | 2,247 | $1.2M | Reduce -2.4% |
| AXP American Express Co. | 0.28% | 4,430 | $1.2M | Add +1.7% |
| V Visa Inc. Class A | 0.27% | 3,374 | $1.2M | Reduce -1.0% |
| ROST Ross Stores Inc. | 0.27% | 9,239 | $1.2M | Add +23.4% |
| ABNB Airbnb Inc. Class A | 0.27% | 9,739 | $1.2M | Add +4.2% |
| ZTS Zoetis Inc. | 0.27% | 7,014 | $1.2M | Add +117.6% |
| BLK BlackRock Inc. | 0.26% | 1,206 | $1.1M | Add +1.1% |
| CRC California Resources Corp. | 0.26% | 25,701 | $1.1M | Add +0.2% |
| JNJ Johnson & Johnson | 0.26% | 6,735 | $1.1M | Reduce -0.6% |
| SCHW Schwab (charles) Corp. | 0.26% | 14,250 | $1.1M | Add +2.6% |
| BX Blackstone Inc. | 0.26% | 7,973 | $1.1M | Add +4.1% |
| AVEM Avantis Emerging Markets Eq | 0.25% | 18,045 | $1.1M | Reduce -0.5% |
| CSCO Cisco Systems Inc. | 0.25% | 17,457 | $1.1M | Reduce -0.0% |
| AVGO Broadcom Inc. | 0.25% | 6,387 | $1.1M | Add +1.7% |
| FLEX Flex Ltd. | 0.25% | 32,231 | $1.1M | Reduce -8.9% |
| DFAX Dimensional World Ex US Core | 0.23% | 37,679 | $987K | Add +11.9% |
| SHEL Shell PLC-ADR | 0.23% | 13,254 | $971K | Reduce -1.3% |
| MRK Merck & Co. Inc. | 0.22% | 10,581 | $950K | Add +0.9% |
| MS Morgan Stanley | 0.22% | 8,094 | $944K | Reduce -1.7% |
| KKR KKR & Co. Inc. | 0.21% | 8,018 | $927K | Add +0.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.21% | 1,381 | $915K | Add +0.9% |
| XOM Exxon Mobil Corp. | 0.21% | 7,688 | $914K | Reduce -2.3% |
| SAP Sap SE-Sponsored ADR | 0.21% | 3,401 | $913K | Reduce -2.6% |
| AZN Astrazeneca PLC-Spons ADR | 0.21% | 12,259 | $901K | Add +3.3% |
| VIG Vanguard Dividend Apprec ETF | 0.21% | 4,622 | $897K | No change |
| NVS Novartis AG-Sponsored ADR | 0.21% | 8,021 | $894K | Add +2.2% |
| CWB SS SPDR BB Conv Sec ETF | 0.21% | 11,574 | $887K | Add +6.8% |
| CRM Salesforce Inc. | 0.20% | 3,166 | $850K | Add +0.4% |
| SMMU PIMCO SHRT TRM Muni BND ETF | 0.19% | 16,767 | $839K | Add +3.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.19% | 11,817 | $821K | Reduce -2.3% |
| DASH DoorDash Inc. Class A | 0.18% | 4,322 | $790K | Add +0.2% |
| PFF iShares Preferred & Income S | 0.18% | 25,668 | $789K | Add +7.5% |
| CLOV Clover Health Investments Co. | 0.18% | 211,640 | $760K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| QQQ Invesco QQQ Trust Series 1 | Reduce -95.8% | 0.07% | −1.56 |
| SGOV iShares 0-3 Month Treasury B | Reduce -51.5% | 1.14% | −1.06 |
| TSLA Tesla Inc. | Reduce -0.5% | 1.55% | −0.73 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -26.5% | 1.13% | −0.39 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.27 |
| AAPL Apple Inc. | Reduce -2.4% | 2.46% | −0.21 |
| AES AES Corp. | Sold out | 0.00% | −0.21 |
| GSST Goldman Sachs Ultra Short Bo | Reduce -16.0% | 1.42% | −0.16 |
| MBC Masterbrand Inc. | Sold out | 0.00% | −0.12 |
| CCJ Cameco Corp. | Reduce -21.1% | 0.17% | −0.08 |
| VFC VF Corp. | Sold out | 0.00% | −0.08 |
| BBWI Bath & Body Works Inc. | Sold out | 0.00% | −0.08 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −0.08 |
| JPST JPMorgan Ultra-Short Income | Reduce -14.6% | 0.74% | −0.07 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.07 |
| SITE Siteone Landscape Supply Inc. | Sold out | 0.00% | −0.06 |
| RHI Robert Half Inc. | Sold out | 0.00% | −0.06 |
| GOOGL Alphabet Inc. Class A | Reduce -0.3% | 0.39% | −0.06 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.06 |
| GKOS Glaukos Corp. | Sold out | 0.00% | −0.05 |
| COHR Coherent Corp. | Sold out | 0.00% | −0.05 |
| JEF Jefferies Financial Group Inc. | Sold out | 0.00% | −0.05 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.05 |
| FLEX Flex Ltd. | Reduce -8.9% | 0.25% | −0.05 |
| BCPC Balchem Corp. | Sold out | 0.00% | −0.05 |
| BMI Badger Meter Inc. | Sold out | 0.00% | −0.05 |
| UTHR United Therapeutics Corp. | Sold out | 0.00% | −0.05 |
| MMSI Merit Medical Systems Inc. | Sold out | 0.00% | −0.05 |
| DY Dycom Industries Inc. | Sold out | 0.00% | −0.05 |
| LAD Lithia Motors Inc. | Sold out | 0.00% | −0.05 |
| SLG SL Green Realty Corp. | Sold out | 0.00% | −0.05 |
| FLR Fluor Corp. | Sold out | 0.00% | −0.05 |
| SF Stifel Financial Corp. | Sold out | 0.00% | −0.05 |
| SPSC SPS Commerce Inc. | Sold out | 0.00% | −0.04 |
| PIPR Piper Sandler Cos | Sold out | 0.00% | −0.04 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.04 |
| FHN First Horizon Corp. | Sold out | 0.00% | −0.04 |
| ACA Arcosa Inc. | Sold out | 0.00% | −0.04 |
| EPAM Epam Systems Inc. | Reduce -14.2% | 0.08% | −0.04 |
| AER Aercap Holdings NV | Reduce -34.6% | 0.12% | −0.04 |
| AAAU Goldman Sachs Physical Gold | Reduce -49.2% | 0.07% | −0.04 |
| DOCU Docusign Inc. | Reduce -7.1% | 0.32% | −0.04 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -2.3% | 0.19% | −0.04 |
| VUSB Vanguard Ultra Short Bond Et | Reduce -11.6% | 0.59% | −0.04 |
| WK Workiva Inc. | Reduce -0.3% | 0.08% | −0.03 |
| ETB Eaton Vance T/M Buy-WRT Inc. | Reduce -25.8% | 0.07% | −0.03 |
| LUMN Lumen Technologies Inc. | Reduce -34.7% | 0.03% | −0.03 |
| MINT PIMCO Enhanced Short Maturit | Reduce -9.0% | 0.77% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -3.5% | 0.15% | −0.02 |
| JBLU Jetblue Airways Corp. | Reduce -22.6% | 0.02% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +3.0% | 3.92% | +0.26 |
| RSP Invesco S&P 500 Equal Weight | Add +0.7% | 4.09% | +0.22 |
| AVUV Avantis US Small Cap Value | Add +10.6% | 3.20% | +0.18 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +7.2% | 3.45% | +0.17 |
| ARE Alexandria Real Estate Equit | New | 0.16% | +0.16 |
| AVLV Avantis US Large Cap Value | Add +3.4% | 2.33% | +0.16 |
| ZTS Zoetis Inc. | Add +117.6% | 0.27% | +0.15 |
| AVUS Avantis U.S. Equity ETF | Add +3.5% | 2.20% | +0.10 |
| XLI SS Industrial Select Sector | Add +1.1% | 1.55% | +0.10 |
| VMBS Vanguard Mortgage-Backed Sec | Add +1.3% | 0.96% | +0.09 |
| CORT Corcept Therapeutics Inc. | New | 0.08% | +0.08 |
| AVGE Avantis All Eqty Mrkts ETF | New | 0.08% | +0.08 |
| QRVO Qorvo Inc. | New | 0.08% | +0.08 |
| TFX Teleflex Inc. | New | 0.07% | +0.07 |
| GDX Vaneck Gold Miners ETF | New | 0.06% | +0.06 |
| CE Celanese Corp. | New | 0.06% | +0.06 |
| FMC FMC Corp. | New | 0.06% | +0.06 |
| JCPI JP Morgan Inflation MGD Bond | Add +1.0% | 0.66% | +0.06 |
| UBER Uber Technologies Inc. | New | 0.06% | +0.06 |
| VAW Vanguard Materials ETF | Add +5.6% | 0.52% | +0.06 |
| IAGG iShares Intl Aggregate Bond | Add +6.5% | 0.50% | +0.06 |
| RS Reliance Inc. | New | 0.06% | +0.06 |
| BWA Borgwarner Inc. | New | 0.05% | +0.05 |
| IYR iShares US Real Estate ETF | Add +1.4% | 0.53% | +0.05 |
| AR Antero Resources Corp. | New | 0.05% | +0.05 |
| IBM Intl Business Machines Corp. | New | 0.05% | +0.05 |
| SPOT Spotify Technology SA | New | 0.05% | +0.05 |
| NSIT Insight Enterprises Inc. | New | 0.05% | +0.05 |
| LLY Eli Lilly & Co. | Add +0.5% | 0.41% | +0.05 |
| VRTX Vertex Pharmaceuticals Inc. | New | 0.05% | +0.05 |
| LIN Linde PLC | New | 0.05% | +0.05 |
| NXT Nextpower Inc. | New | 0.05% | +0.05 |
| MTH Meritage Homes Corp. | New | 0.05% | +0.05 |
| AVDV Avantis Intl S/C Value ETF | New | 0.05% | +0.05 |
| LDUR PIMCO Enhanced Low Duration | Add +0.8% | 0.64% | +0.05 |
| TRNO Terreno Realty Corp. | Add +1.3% | 0.37% | +0.05 |
| BUD Anheuser-Busch Inbev-SPN ADR | New | 0.05% | +0.05 |
| ELV Elevance Health Inc. | New | 0.05% | +0.05 |
| BJ Bj's Wholesale Club Holdings | New | 0.05% | +0.05 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +5.8% | 0.46% | +0.05 |
| DFAX Dimensional World Ex US Core | Add +11.9% | 0.23% | +0.05 |
| GSBD Goldman Sachs BDC Inc. | Add +4.5% | 0.71% | +0.05 |
| DFGR Dim Global Real Estate ETF | Add +1.4% | 0.45% | +0.04 |
| JPIE JPMorgan Income ETF | Add +1.5% | 0.52% | +0.04 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.4% | 1.87% | +0.04 |
| NVS Novartis AG-Sponsored ADR | Add +2.2% | 0.21% | +0.04 |
| B Barrick Gold Corp. | Add +3.7% | 0.15% | +0.04 |
| NEM Newmont Corp. | Add +0.5% | 0.14% | +0.04 |
| AZN Astrazeneca PLC-Spons ADR | Add +3.3% | 0.21% | +0.04 |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | Add +2.6% | 0.42% | +0.03 |
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 |