Sage Rhino Capital LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), Sage Rhino Capital LLC reported 297 stock positions worth $517.1 million. Its top holding was iShares Gold Trust (IAU) at 4.6% of the portfolio, followed by Goldman Sachs Access Treasur (GBIL, 4.0%) and Vngrd Mrngstr MD-Cap ETF-Usd (VO, 3.9%). Compared with Q2 2025, it opened 37 new positions, sold out of 20, added to 137 and reduced 93. The biggest buy was Tesla (TSLA, shares +1%) and the biggest sale Coinbase Global Class A (COIN, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001771605
- Portfolio Value
- $517.1M (Q3 2025)
- SEC Filing
- 0001771605-25-000002 ↗ filed Oct 31, 2025
Holdings Value
Holdings 297 stocks · $517.1M
| IAU iShares Gold Trust | 4.57% | 324,717 | $23.6M | Add +0.9% |
| GBIL Goldman Sachs Access Treasur | 3.96% | 204,188 | $20.5M | Add +11.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.89% | 68,450 | $20.1M | Add +1.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.49% | 70,976 | $18.0M | Add +0.9% |
| RSP Invesco S&P 500 Equal Weight | 3.47% | 94,481 | $17.9M | Reduce -0.7% |
| IEFA iShares Core MSCI Eafe ETF | 3.19% | 188,805 | $16.5M | Add +1.8% |
| AVUV Avantis US Small Cap Value | 3.03% | 157,356 | $15.7M | Reduce -2.9% |
| AAPL Apple Inc. | 2.30% | 46,773 | $11.9M | Reduce -0.7% |
| TSLA Tesla Inc. | 2.24% | 25,991 | $11.6M | Add +1.2% |
| SDY SS SPDR S&P Dividend ETF | 2.10% | 77,619 | $10.9M | Reduce -1.1% |
| AVLV Avantis US Large Cap Value | 1.93% | 138,264 | $10.0M | Reduce -1.8% |
| VTI VG Morningstar TS MKT ETF-US | 1.91% | 30,167 | $9.9M | Add +3.7% |
| VWO Vanguard Ftse Emerging Marke | 1.86% | 177,656 | $9.6M | Add +1.4% |
| SGOV iShares 0-3 Month Treasury B | 1.73% | 88,963 | $9.0M | Add +18.0% |
| AVDE Avantis International Equity | 1.72% | 112,493 | $8.9M | Reduce -0.6% |
| AVUS Avantis U.S. Equity ETF | 1.71% | 81,353 | $8.8M | Reduce -2.7% |
| MSFT Microsoft Corp. | 1.63% | 16,294 | $8.4M | Add +1.7% |
| VYM Vanguard High DVD Yield ETF | 1.46% | 53,442 | $7.5M | Reduce -1.5% |
| VCIT Vanguard Int-Term Corporate | 1.45% | 89,430 | $7.5M | Add +0.3% |
| JAAA Janus Henderson Aaa Clo ETF | 1.44% | 146,153 | $7.4M | Reduce -3.1% |
| XLI SS Industrial Select Sector | 1.39% | 46,531 | $7.2M | Reduce -0.9% |
| BND Vanguard Total Bond Market | 1.35% | 93,548 | $7.0M | Add +1.4% |
| IEMG iShares Core MSCI Emerging | 1.17% | 92,012 | $6.1M | Reduce -1.9% |
| COIN Coinbase Global Inc. Class A | 1.15% | 17,687 | $6.0M | Reduce -17.6% |
| RSPT Invesco S&P 500 Equal Weight | 1.14% | 132,583 | $5.9M | Reduce -2.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.12% | 8,732 | $5.8M | Add +0.2% |
| BNDX Vanguard Total Intl Bond ETF | 1.11% | 115,766 | $5.7M | Add +2.8% |
| GSST Goldman Sachs Ultra Short Bo | 1.11% | 112,795 | $5.7M | Add +5.8% |
| NVDA Nvidia Corp. | 1.08% | 29,821 | $5.6M | Reduce -0.3% |
| VSS Vanguard Ftse All Wo X-US SC | 1.08% | 39,019 | $5.6M | Reduce -2.0% |
| VHT Vanguard Health Care ETF | 1.02% | 20,242 | $5.3M | Add +0.7% |
| GOOG Alphabet Inc. Class C | 0.88% | 18,589 | $4.5M | Reduce -11.6% |
| VMBS Vanguard Mortgage-Backed Sec | 0.77% | 85,245 | $4.0M | Add +1.4% |
| AMZN Amazon.com Inc. | 0.77% | 18,189 | $4.0M | Add +1.4% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.74% | 56,840 | $3.8M | Add +1.6% |
| JPM JPMorgan Chase & Co. | 0.61% | 9,981 | $3.1M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 0.60% | 4,666 | $3.1M | No change |
| VTIP Vanguard Short-Term Tips | 0.59% | 60,693 | $3.1M | Add +2.3% |
| MINT PIMCO Enhanced Short Maturit | 0.59% | 30,501 | $3.1M | Add +3.1% |
| GSBD Goldman Sachs BDC Inc. | 0.58% | 292,885 | $3.0M | Add +5.9% |
| GOOGL Alphabet Inc. Class A | 0.57% | 12,198 | $3.0M | Reduce -0.1% |
| JCPI JP Morgan Inflation MGD Bond | 0.55% | 58,548 | $2.9M | Add +2.4% |
| JPST JPMorgan Ultra-Short Income | 0.55% | 55,671 | $2.8M | Add +3.9% |
| LDUR PIMCO Enhanced Low Duration | 0.49% | 26,505 | $2.5M | Add +2.8% |
| ORCL Oracle Corp. | 0.48% | 8,808 | $2.5M | Reduce -3.4% |
| IYR iShares US Real Estate ETF | 0.47% | 24,864 | $2.4M | Add +1.9% |
| XBB Bondbloxx-BB Rated Usd HY CB | 0.45% | 56,683 | $2.3M | Add +1.6% |
| IAGG iShares Intl Aggregate Bond | 0.45% | 45,645 | $2.3M | Add +4.0% |
| NFLX Netflix Inc. | 0.45% | 1,941 | $2.3M | Reduce -0.5% |
| DFGR Dim Global Real Estate ETF | 0.44% | 82,448 | $2.3M | Add +2.9% |
| JPIE JPMorgan Income ETF | 0.42% | 47,298 | $2.2M | Add +2.9% |
| VUSB Vanguard Ultra Short Bond Et | 0.42% | 42,945 | $2.1M | Reduce -4.0% |
| AVGO Broadcom Inc. | 0.41% | 6,364 | $2.1M | Add +1.0% |
| VAW Vanguard Materials ETF | 0.41% | 10,247 | $2.1M | Reduce -0.9% |
| META Meta Platforms Inc. Class A | 0.40% | 2,835 | $2.1M | Reduce -0.2% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.38% | 38,792 | $1.9M | Add +2.4% |
| FLEX Flex Ltd. | 0.36% | 32,156 | $1.9M | Reduce -3.6% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 0.36% | 19,408 | $1.9M | Add +2.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.34% | 24,841 | $1.8M | Add +0.3% |
| ROST Ross Stores Inc. | 0.34% | 11,488 | $1.8M | Add +3.0% |
| GNR State Street SPDR S&P Global | 0.33% | 28,698 | $1.7M | Add +2.3% |
| WFC Wells Fargo & Co. | 0.32% | 19,963 | $1.7M | Reduce -5.9% |
| TRNO Terreno Realty Corp. | 0.32% | 29,413 | $1.7M | Add +16.9% |
| CRC California Resources Corp. | 0.32% | 30,864 | $1.6M | Add +10.4% |
| LLY Eli Lilly & Co. | 0.32% | 2,145 | $1.6M | Reduce -0.3% |
| IWM iShares Russell 2000 ETF | 0.31% | 6,580 | $1.6M | No change |
| CCJ Cameco Corp. | 0.30% | 18,435 | $1.5M | Add +3.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.29% | 2 | $1.5M | No change |
| VBIL Vanguard 0-3M T-Bill ETF | 0.29% | 19,541 | $1.5M | New |
| AAAU Goldman Sachs Physical Gold | 0.27% | 37,038 | $1.4M | Add +52.5% |
| BLK BlackRock Inc. | 0.27% | 1,208 | $1.4M | Add +0.3% |
| MS Morgan Stanley | 0.27% | 8,648 | $1.4M | Add +6.8% |
| AVEM Avantis Emerging Markets Eq | 0.26% | 18,064 | $1.4M | No change |
| SCHW Schwab (charles) Corp. | 0.26% | 14,102 | $1.3M | Reduce -1.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.26% | 1,364 | $1.3M | Add +1.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.25% | 4,696 | $1.3M | Add +19.4% |
| AXP American Express Co. | 0.25% | 3,897 | $1.3M | Reduce -12.2% |
| VXF Vanguard Extended Market ETF | 0.25% | 6,157 | $1.3M | Reduce -2.5% |
| JNJ Johnson & Johnson | 0.25% | 6,910 | $1.3M | Add +0.5% |
| COST Costco Wholesale Corp. | 0.24% | 1,360 | $1.3M | Reduce -0.1% |
| ABNB Airbnb Inc. Class A | 0.24% | 10,352 | $1.3M | Add +4.3% |
| NG Novagold Resources Inc. | 0.24% | 139,854 | $1.2M | Add +1065.5% |
| DOCU Docusign Inc. | 0.23% | 16,730 | $1.2M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 0.23% | 17,413 | $1.2M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.23% | 7,718 | $1.2M | Reduce -0.6% |
| B Barrick Mining Corp. | 0.23% | 35,675 | $1.2M | Add +9.1% |
| DASH DoorDash Inc. Class A | 0.23% | 4,283 | $1.2M | Reduce -3.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 2,316 | $1.2M | Add +3.3% |
| V Visa Inc. Class A | 0.22% | 3,381 | $1.2M | Add +0.1% |
| ZTS Zoetis Inc. | 0.22% | 7,874 | $1.2M | Add +10.1% |
| DFAX Dimensional World Ex US Core | 0.22% | 36,556 | $1.1M | Add +1.5% |
| BX Blackstone Inc. | 0.21% | 6,342 | $1.1M | Reduce -21.1% |
| NEM Newmont Corp. | 0.21% | 12,618 | $1.1M | Reduce -2.8% |
| CWB SS SPDR BB Conv Sec ETF | 0.20% | 11,487 | $1.0M | Reduce -1.3% |
| NVS Novartis AG-Sponsored ADR | 0.20% | 8,019 | $1.0M | Reduce -1.2% |
| VIG Vanguard Dividend Apprec ETF | 0.19% | 4,622 | $997K | No change |
| BAH Booz Allen Hamilton Holdings | 0.19% | 9,971 | $997K | New |
| AZN Astrazeneca PLC-Spons ADR | 0.19% | 12,693 | $974K | Add +3.6% |
| SHEL Shell PLC-ADR | 0.18% | 13,261 | $949K | Reduce -0.1% |
| KKR KKR & Co. Inc. | 0.18% | 7,275 | $945K | Add +0.2% |
Options reported separately and not counted above: CCJ calls ($314K), SPY puts ($254K).
Portfolio Sells Q2 2025 → Q3 2025
| COIN Coinbase Global Inc. Class A | Reduce -17.6% | 1.15% | −0.44 |
| RSP Invesco S&P 500 Equal Weight | Reduce -0.7% | 3.47% | −0.19 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -3.1% | 1.44% | −0.18 |
| SDY SS SPDR S&P Dividend ETF | Reduce -1.1% | 2.10% | −0.15 |
| VRRM Verra Mobility Corp. | Sold out | 0.00% | −0.12 |
| PM Philip Morris International | Sold out | 0.00% | −0.11 |
| NFLX Netflix Inc. | Reduce -0.5% | 0.45% | −0.10 |
| AVLV Avantis US Large Cap Value | Reduce -1.8% | 1.93% | −0.10 |
| WMG Warner Music Group Corp. Class A | Sold out | 0.00% | −0.09 |
| AVUV Avantis US Small Cap Value | Reduce -2.9% | 3.03% | −0.09 |
| XLI SS Industrial Select Sector | Reduce -0.9% | 1.39% | −0.08 |
| AVUS Avantis U.S. Equity ETF | Reduce -2.7% | 1.71% | −0.07 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.5% | 1.46% | −0.07 |
| CE Celanese Corp. | Sold out | 0.00% | −0.06 |
| VUSB Vanguard Ultra Short Bond Et | Reduce -4.0% | 0.42% | −0.06 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -2.0% | 1.08% | −0.06 |
| AVDE Avantis International Equity | Reduce -0.6% | 1.72% | −0.06 |
| EAT Brinker International Inc. | Sold out | 0.00% | −0.05 |
| FMC FMC Corp. | Sold out | 0.00% | −0.05 |
| BMI Badger Meter Inc. | Sold out | 0.00% | −0.05 |
| CF CF Industries Holdings Inc. | Reduce -16.0% | 0.15% | −0.05 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -4.0% | 0.12% | −0.05 |
| AXP American Express Co. | Reduce -12.2% | 0.25% | −0.05 |
| AVAV Aerovironment Inc. | Sold out | 0.00% | −0.05 |
| AR Antero Resources Corp. | Sold out | 0.00% | −0.05 |
| FLR Fluor Corp. | Sold out | 0.00% | −0.05 |
| DE Deere & Co. | Sold out | 0.00% | −0.05 |
| BX Blackstone Inc. | Reduce -21.1% | 0.21% | −0.04 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −0.04 |
| LAD Lithia Motors Inc. | Sold out | 0.00% | −0.04 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.04 |
| DOCU Docusign Inc. | Reduce -0.3% | 0.23% | −0.04 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.04 |
| DVA Davita Inc. | Sold out | 0.00% | −0.04 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.04 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -0.1% | 0.24% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -0.2% | 0.40% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -0.3% | 0.32% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -5.9% | 0.32% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 0.23% | −0.03 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -2.3% | 1.14% | −0.03 |
| CSCO Cisco Systems Inc. | Reduce -0.1% | 0.23% | −0.03 |
| VAW Vanguard Materials ETF | Reduce -0.9% | 0.41% | −0.02 |
| RELX Relx PLC - Spon ADR | Reduce -2.5% | 0.07% | −0.02 |
| IEMG iShares Core MSCI Emerging | Reduce -1.9% | 1.17% | −0.02 |
| CVX Chevron Corp. | Reduce -14.8% | 0.09% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -1.1% | 0.26% | −0.01 |
| SHEL Shell PLC-ADR | Reduce -0.1% | 0.18% | −0.01 |
| RS Reliance Inc. | Reduce -2.8% | 0.05% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| TSLA Tesla Inc. | Add +1.2% | 2.24% | +0.51 |
| IAU iShares Gold Trust | Add +0.9% | 4.57% | +0.33 |
| VBIL Vanguard 0-3M T-Bill ETF | New | 0.29% | +0.29 |
| NG Novagold Resources Inc. | Add +1065.5% | 0.24% | +0.23 |
| BAH Booz Allen Hamilton Holdings | New | 0.19% | +0.19 |
| SGOV iShares 0-3 Month Treasury B | Add +18.0% | 1.73% | +0.13 |
| BE Bloom Energy Corp. Class A | New | 0.12% | +0.12 |
| SNDK Sandisk Corp. | New | 0.11% | +0.11 |
| AAAU Goldman Sachs Physical Gold | Add +52.5% | 0.27% | +0.11 |
| GILD Gilead Sciences Inc. | Add +213.7% | 0.16% | +0.10 |
| B Barrick Mining Corp. | Add +9.1% | 0.23% | +0.08 |
| GBIL Goldman Sachs Access Treasur | Add +11.5% | 3.96% | +0.08 |
| TSM Taiwan Semiconductor-SP ADR | Add +19.4% | 0.25% | +0.07 |
| MKTX Marketaxess Holdings Inc. | New | 0.05% | +0.05 |
| CIEN Ciena Corp. | New | 0.05% | +0.05 |
| REZI Resideo Technologies Inc. | New | 0.05% | +0.05 |
| FIX Comfort Systems USA Inc. | New | 0.05% | +0.05 |
| CRC California Resources Corp. | Add +10.4% | 0.32% | +0.05 |
| MU Micron Technology Inc. | New | 0.05% | +0.05 |
| TTMI TTM Technologies | New | 0.05% | +0.05 |
| TFX Teleflex Inc. | New | 0.05% | +0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.7% | 1.91% | +0.05 |
| GLW Corning Inc. | New | 0.04% | +0.04 |
| DY Dycom Industries Inc. | New | 0.04% | +0.04 |
| AEIS Advanced Energy Industries | New | 0.04% | +0.04 |
| TLN Talen Energy Corp. | New | 0.04% | +0.04 |
| CTRE Caretrust REIT Inc. | New | 0.04% | +0.04 |
| ETSY Etsy Inc. | New | 0.04% | +0.04 |
| HL Hecla Mining Co. | New | 0.04% | +0.04 |
| DKS Dick's Sporting Goods Inc. | New | 0.04% | +0.04 |
| RTX RTX Corp. | New | 0.04% | +0.04 |
| MC Moelis & Co. Class A | New | 0.04% | +0.04 |
| PFGC Performance Food Group Co. | New | 0.04% | +0.04 |
| SNEX Stonex Group Inc. | New | 0.04% | +0.04 |
| PIPR Piper Sandler Cos | New | 0.04% | +0.04 |
| TDS Telephone and Data Systems | New | 0.04% | +0.04 |
| IX Orix - Sponsored ADR | New | 0.04% | +0.04 |
| NPO Enpro Inc. | New | 0.04% | +0.04 |
| ILCB iShares Morningstar U.S. Equ | New | 0.04% | +0.04 |
| PEP Pepsico Inc. | New | 0.04% | +0.04 |
| DVY iShares Select Dividend ETF | New | 0.04% | +0.04 |
| GS Goldman Sachs Group Inc. | New | 0.04% | +0.04 |
| ANET Arista Networks Inc. | New | 0.04% | +0.04 |
| CZR Caesars Entertainment Inc. | New | 0.04% | +0.04 |
| MTH Meritage Homes Corp. | New | 0.04% | +0.04 |
| AVGO Broadcom Inc. | Add +1.0% | 0.41% | +0.04 |
| ROST Ross Stores Inc. | Add +3.0% | 0.34% | +0.04 |
| COOP Mr Cooper Group Inc. | Add +3.2% | 0.12% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +1.4% | 1.86% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | Add +1.8% | 0.26% | +0.03 |
Options Activity Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 11,700 | $254K |
| NG Novagold Resources Inc. | call | Sold out | 20,000 | $3Kbefore 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 |