Sage Rhino Capital LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 30, 2026), Sage Rhino Capital LLC reported 308 stock positions worth $529.4 million. Its top holding was iShares Gold Trust (IAU) at 4.6% of the portfolio, followed by Vngrd Mrngstr MD-Cap ETF-Usd (VO, 3.8%) and Vanguard Most SM-Cap ETF-Usd (VB, 3.5%). Compared with Q3 2025, it opened 38 new positions, sold out of 27, added to 97 and reduced 154. The biggest buy was Goldman Sachs Ultra Short Bo (GSST, shares +75%) and the biggest sale Goldman Sachs Access Treasur (GBIL, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- MENLO PARK, CA
- CIK
- 0001771605
- Portfolio Value
- $529.4M (Q4 2025)
- SEC Filing
- 0001771605-26-000001 ↗ filed Jan 30, 2026
Holdings Value
Holdings 308 stocks · $529.4M
| IAU iShares Gold Trust | 4.61% | 300,690 | $24.4M | Reduce -7.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 3.83% | 69,941 | $20.3M | Add +2.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 3.50% | 71,749 | $18.5M | Add +1.1% |
| RSP Invesco S&P 500 Equal Weight | 3.42% | 94,396 | $18.1M | Reduce -0.1% |
| IEFA iShares Core MSCI Eafe ETF | 3.18% | 188,405 | $16.9M | Reduce -0.2% |
| GBIL Goldman Sachs Access Treasur | 3.16% | 167,191 | $16.7M | Reduce -18.1% |
| AVUV Avantis US Small Cap Value | 3.06% | 158,730 | $16.2M | Add +0.9% |
| AAPL Apple Inc. | 2.22% | 43,268 | $11.8M | Reduce -7.5% |
| TSLA Tesla Inc. | 2.21% | 26,026 | $11.7M | Add +0.1% |
| SDY SS SPDR S&P Dividend ETF | 2.06% | 78,414 | $10.9M | Add +1.0% |
| VTI VG Morningstar TS MKT ETF-US | 1.96% | 30,995 | $10.4M | Add +2.7% |
| AVLV Avantis US Large Cap Value | 1.92% | 134,077 | $10.2M | Reduce -3.0% |
| GSST Goldman Sachs Ultra Short Bo | 1.88% | 197,655 | $10.0M | Add +75.2% |
| VWO Vanguard Ftse Emerging Marke | 1.79% | 176,178 | $9.5M | Reduce -0.8% |
| AVDE Avantis International Equity | 1.71% | 109,906 | $9.0M | Reduce -2.3% |
| AVUS Avantis U.S. Equity ETF | 1.67% | 78,893 | $8.8M | Reduce -3.0% |
| VCIT Vanguard Int-Term Corporate | 1.45% | 91,377 | $7.7M | Add +2.2% |
| VYM Vanguard High DVD Yield ETF | 1.42% | 52,538 | $7.5M | Reduce -1.7% |
| MSFT Microsoft Corp. | 1.42% | 15,584 | $7.5M | Reduce -4.4% |
| XLI SS Industrial Select Sector | 1.37% | 46,893 | $7.3M | Add +0.8% |
| BND Vanguard Total Bond Market | 1.34% | 95,521 | $7.1M | Add +2.1% |
| JAAA Janus Henderson Aaa Clo ETF | 1.33% | 139,420 | $7.1M | Reduce -4.6% |
| GOOG Alphabet Inc. Class C | 1.23% | 20,744 | $6.5M | Add +11.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.13% | 8,749 | $6.0M | Add +0.2% |
| IEMG iShares Core MSCI Emerging | 1.09% | 86,183 | $5.8M | Reduce -6.3% |
| VUSB Vanguard Ultra Short Bond Et | 1.09% | 115,748 | $5.8M | Add +169.5% |
| BNDX Vanguard Total Intl Bond ETF | 1.09% | 119,131 | $5.8M | Add +2.9% |
| RSPT Invesco S&P 500 Equal Weight | 1.08% | 125,946 | $5.7M | Reduce -5.0% |
| VHT Vanguard Health Care ETF | 1.04% | 19,176 | $5.5M | Reduce -5.3% |
| VSS Vanguard Ftse All Wo X-US SC | 1.04% | 38,262 | $5.5M | Reduce -1.9% |
| SGOV iShares 0-3 Month Treasury B | 1.01% | 53,298 | $5.4M | Reduce -40.1% |
| NVDA Nvidia Corp. | 0.99% | 28,110 | $5.2M | Reduce -5.7% |
| AMZN Amazon.com Inc. | 0.78% | 17,943 | $4.1M | Reduce -1.4% |
| VBIL Vanguard 0-3M T-Bill ETF | 0.78% | 54,648 | $4.1M | Add +179.7% |
| VMBS Vanguard Mortgage-Backed Sec | 0.77% | 86,497 | $4.1M | Add +1.5% |
| VWOB Vanguard Emerg MKTS Gov BND | 0.73% | 57,458 | $3.9M | Add +1.1% |
| COIN Coinbase Global Inc. Class A | 0.73% | 16,985 | $3.8M | Reduce -4.0% |
| GSBD Goldman Sachs BDC Inc. | 0.72% | 409,885 | $3.8M | Add +40.0% |
| GOOGL Alphabet Inc. Class A | 0.69% | 11,666 | $3.7M | Reduce -4.4% |
| JPM JPMorgan Chase & Co. | 0.60% | 9,823 | $3.2M | Reduce -1.6% |
| VTIP Vanguard Short-Term Tips | 0.59% | 62,769 | $3.1M | Add +3.4% |
| MINT PIMCO Enhanced Short Maturit | 0.58% | 30,665 | $3.1M | Add +0.5% |
| JCPI JP Morgan Inflation MGD Bond | 0.55% | 60,279 | $2.9M | Add +3.0% |
| JPST JPMorgan Ultra-Short Income | 0.52% | 54,815 | $2.8M | Reduce -1.5% |
| IVV iShares Core S&P 500 ETF | 0.49% | 3,766 | $2.6M | Reduce -19.3% |
| LDUR PIMCO Enhanced Low Duration | 0.48% | 26,589 | $2.6M | Add +0.3% |
| IYR iShares US Real Estate ETF | 0.45% | 25,535 | $2.4M | Add +2.7% |
| XBB Bondbloxx-BB Rated Usd HY CB | 0.45% | 57,637 | $2.4M | Add +1.7% |
| TRNO Terreno Realty Corp. | 0.45% | 40,190 | $2.4M | Add +36.6% |
| IAGG iShares Intl Aggregate Bond | 0.43% | 45,482 | $2.3M | Reduce -0.4% |
| JPIE JPMorgan Income ETF | 0.42% | 48,392 | $2.2M | Add +2.3% |
| DFGR Dim Global Real Estate ETF | 0.42% | 84,556 | $2.2M | Add +2.6% |
| LLY Eli Lilly & Co. | 0.41% | 1,996 | $2.1M | Reduce -7.0% |
| VAW Vanguard Materials ETF | 0.40% | 10,225 | $2.1M | Reduce -0.2% |
| ROST Ross Stores Inc. | 0.38% | 11,271 | $2.0M | Reduce -1.9% |
| AVGO Broadcom Inc. | 0.38% | 5,773 | $2.0M | Reduce -9.3% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.37% | 38,745 | $1.9M | Reduce -0.1% |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | 0.36% | 19,834 | $1.9M | Add +2.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.35% | 25,042 | $1.8M | Add +0.8% |
| WFC Wells Fargo & Co. | 0.34% | 19,466 | $1.8M | Reduce -2.5% |
| ORCL Oracle Corp. | 0.34% | 9,284 | $1.8M | Add +5.4% |
| META Meta Platforms Inc. Class A | 0.34% | 2,707 | $1.8M | Reduce -4.5% |
| NFLX Netflix Inc. | 0.34% | 19,016 | $1.8M | Reduce -2.0% |
| BAH Booz Allen Hamilton Holdings | 0.33% | 20,958 | $1.8M | Add +110.2% |
| FLEX Flex Ltd. | 0.33% | 29,189 | $1.8M | Reduce -9.2% |
| GNR State Street SPDR S&P Global | 0.32% | 27,117 | $1.7M | Reduce -5.5% |
| IWM iShares Russell 2000 ETF | 0.31% | 6,581 | $1.6M | Add +0.0% |
| AAAU Goldman Sachs Physical Gold | 0.30% | 37,038 | $1.6M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.29% | 2 | $1.5M | No change |
| CRC California Resources Corp. | 0.28% | 33,161 | $1.5M | Add +7.4% |
| ASML ASML Holding NV-NY Reg SHS | 0.28% | 1,363 | $1.5M | Reduce -0.1% |
| MS Morgan Stanley | 0.28% | 8,212 | $1.5M | Reduce -5.0% |
| AVEM Avantis Emerging Markets Eq | 0.27% | 18,592 | $1.4M | Add +2.9% |
| ABNB Airbnb Inc. Class A | 0.27% | 10,536 | $1.4M | Add +1.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.27% | 4,685 | $1.4M | Reduce -0.2% |
| JNJ Johnson & Johnson | 0.27% | 6,841 | $1.4M | Reduce -1.0% |
| AXP American Express Co. | 0.27% | 3,806 | $1.4M | Reduce -2.3% |
| BLK BlackRock Inc. | 0.25% | 1,233 | $1.3M | Add +2.1% |
| CSCO Cisco Systems Inc. | 0.25% | 17,117 | $1.3M | Reduce -1.7% |
| VXF Vanguard Extended Market ETF | 0.24% | 6,157 | $1.3M | No change |
| DFAX Dimensional World Ex US Core | 0.23% | 36,444 | $1.2M | Reduce -0.3% |
| V Visa Inc. Class A | 0.23% | 3,396 | $1.2M | Add +0.4% |
| BA The Boeing Co. | 0.22% | 5,310 | $1.2M | Add +40.1% |
| DOCU Docusign Inc. | 0.22% | 16,768 | $1.1M | Add +0.2% |
| COST Costco Wholesale Corp. | 0.22% | 1,328 | $1.1M | Reduce -2.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.22% | 2,278 | $1.1M | Reduce -1.6% |
| B Barrick Mining Corp. | 0.21% | 26,024 | $1.1M | Reduce -27.1% |
| ZTS Zoetis Inc. | 0.21% | 8,928 | $1.1M | Add +13.4% |
| SCHW Schwab (charles) Corp. | 0.21% | 11,025 | $1.1M | Reduce -21.8% |
| MRK Merck & Co. Inc. | 0.21% | 10,399 | $1.1M | Reduce -1.5% |
| PG The Procter & Gamble Co. | 0.20% | 7,534 | $1.1M | Reduce -2.4% |
| TWLO Twilio Inc. Class A | 0.20% | 7,464 | $1.1M | Reduce -1.5% |
| CCJ Cameco Corp. | 0.20% | 11,552 | $1.1M | Reduce -37.3% |
| NVS Novartis AG-Sponsored ADR | 0.20% | 7,620 | $1.1M | Reduce -5.0% |
| VIG Vanguard Dividend Apprec ETF | 0.19% | 4,622 | $1.0M | No change |
| CWB SS SPDR BB Conv Sec ETF | 0.19% | 11,251 | $1.0M | Reduce -2.0% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 0.19% | 12,537 | $986K | Reduce -2.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.19% | 10,674 | $981K | Reduce -15.9% |
| DASH DoorDash Inc. Class A | 0.18% | 4,284 | $970K | Add +0.0% |
| IWF iShares Russell 1000 Growth | 0.18% | 2,000 | $947K | No change |
Options reported separately and not counted above: VISN calls ($275K), VISN puts ($26K).
Portfolio Sells Q3 2025 → Q4 2025
| GBIL Goldman Sachs Access Treasur | Reduce -18.1% | 3.16% | −0.80 |
| SGOV iShares 0-3 Month Treasury B | Reduce -40.1% | 1.01% | −0.72 |
| COIN Coinbase Global Inc. Class A | Reduce -4.0% | 0.73% | −0.43 |
| MSFT Microsoft Corp. | Reduce -4.4% | 1.42% | −0.21 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.14 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −0.12 |
| IVV iShares Core S&P 500 ETF | Reduce -19.3% | 0.49% | −0.12 |
| NFLX Netflix Inc. | Reduce -2.0% | 0.34% | −0.11 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -4.6% | 1.33% | −0.10 |
| CCJ Cameco Corp. | Reduce -37.3% | 0.20% | −0.10 |
| NVDA Nvidia Corp. | Reduce -5.7% | 0.99% | −0.09 |
| AAPL Apple Inc. | Reduce -7.5% | 2.22% | −0.08 |
| IEMG iShares Core MSCI Emerging | Reduce -6.3% | 1.09% | −0.08 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.8% | 1.79% | −0.07 |
| NG Novagold Resources Inc. | Reduce -30.7% | 0.17% | −0.07 |
| META Meta Platforms Inc. Class A | Reduce -4.5% | 0.34% | −0.07 |
| SNDK Sandisk Corp. | Reduce -78.2% | 0.05% | −0.06 |
| RSPT Invesco S&P 500 Equal Weight | Reduce -5.0% | 1.08% | −0.06 |
| SCHW Schwab (charles) Corp. | Reduce -21.8% | 0.21% | −0.05 |
| RSP Invesco S&P 500 Equal Weight | Reduce -0.1% | 3.42% | −0.05 |
| FIX Comfort Systems USA Inc. | Sold out | 0.00% | −0.05 |
| SPXC SPX Technologies Inc. | Sold out | 0.00% | −0.05 |
| CORT Corcept Therapeutics Inc. | Sold out | 0.00% | −0.05 |
| DY Dycom Industries Inc. | Sold out | 0.00% | −0.04 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.04 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.04 |
| AVUS Avantis U.S. Equity ETF | Reduce -3.0% | 1.67% | −0.04 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.04 |
| ETSY Etsy Inc. | Sold out | 0.00% | −0.04 |
| LIN Linde PLC | Sold out | 0.00% | −0.04 |
| DKS Dick's Sporting Goods Inc. | Sold out | 0.00% | −0.04 |
| PFGC Performance Food Group Co. | Sold out | 0.00% | −0.04 |
| SNEX Stonex Group Inc. | Sold out | 0.00% | −0.04 |
| NPO Enpro Inc. | Sold out | 0.00% | −0.04 |
| VSS Vanguard Ftse All Wo X-US SC | Reduce -1.9% | 1.04% | −0.04 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.04 |
| CZR Caesars Entertainment Inc. | Sold out | 0.00% | −0.04 |
| MTH Meritage Homes Corp. | Sold out | 0.00% | −0.04 |
| IBN Icici Bank Ltd.-Spon ADR | Sold out | 0.00% | −0.04 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.04 |
| NEM Newmont Corp. | Reduce -28.3% | 0.17% | −0.04 |
| VYM Vanguard High DVD Yield ETF | Reduce -1.7% | 1.42% | −0.03 |
| BX Blackstone Inc. | Reduce -3.9% | 0.18% | −0.03 |
| AVGO Broadcom Inc. | Reduce -9.3% | 0.38% | −0.03 |
| HD Home Depot Inc. | Reduce -3.8% | 0.11% | −0.03 |
| FLEX Flex Ltd. | Reduce -9.2% | 0.33% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -2.4% | 0.22% | −0.03 |
| AVTR Avantor Inc. | Sold out | 0.00% | −0.03 |
| OGN Organon & Co. | Sold out | 0.00% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -2.4% | 0.20% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| GSST Goldman Sachs Ultra Short Bo | Add +75.2% | 1.88% | +0.78 |
| VUSB Vanguard Ultra Short Bond Et | Add +169.5% | 1.09% | +0.67 |
| VBIL Vanguard 0-3M T-Bill ETF | Add +179.7% | 0.78% | +0.49 |
| GOOG Alphabet Inc. Class C | Add +11.6% | 1.23% | +0.35 |
| PYPL PayPal Holdings Inc. | New | 0.18% | +0.18 |
| VTOL Bristow Group Inc. | New | 0.16% | +0.16 |
| GSBD Goldman Sachs BDC Inc. | Add +40.0% | 0.72% | +0.14 |
| BAH Booz Allen Hamilton Holdings | Add +110.2% | 0.33% | +0.14 |
| SPGI S&P Global Inc. | New | 0.13% | +0.13 |
| TRNO Terreno Realty Corp. | Add +36.6% | 0.45% | +0.12 |
| MCO Moody's Corp. | New | 0.11% | +0.11 |
| EMN Eastman Chemical Co. | New | 0.08% | +0.08 |
| ARWR Arrowhead Pharmaceuticals Inc. | New | 0.07% | +0.07 |
| KMX Carmax Inc. | New | 0.06% | +0.06 |
| BA The Boeing Co. | Add +40.1% | 0.22% | +0.06 |
| LITE Lumentum Holdings Inc. | New | 0.06% | +0.06 |
| SGOL Abrdn Physical Gold Shares | New | 0.05% | +0.05 |
| IWC iShares Micro-Cap ETF | New | 0.05% | +0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.7% | 1.96% | +0.05 |
| COHR Coherent Corp. | New | 0.05% | +0.05 |
| TEVA Teva Pharmaceutical-SP ADR | New | 0.04% | +0.04 |
| DHR Danaher Corp. | New | 0.04% | +0.04 |
| LRCX Lam Research Corp. | New | 0.04% | +0.04 |
| SF Stifel Financial Corp. | New | 0.04% | +0.04 |
| UTHR United Therapeutics Corp. | New | 0.04% | +0.04 |
| CE Celanese Corp. | New | 0.04% | +0.04 |
| ECHO Echostar Corp. Class A | New | 0.04% | +0.04 |
| ILMN Illumina Inc. | New | 0.04% | +0.04 |
| MOG.A Moog Inc. Class A | New | 0.04% | +0.04 |
| INTC Intel Corp. | New | 0.04% | +0.04 |
| ORI Old Republic Intl Corp. | New | 0.04% | +0.04 |
| AMTM Amentum Holdings Inc. | New | 0.04% | +0.04 |
| AA Alcoa Corp. | New | 0.04% | +0.04 |
| RGLD Royal Gold Inc. | New | 0.04% | +0.04 |
| XPO Xpo Inc. | New | 0.04% | +0.04 |
| HII Huntington Ingalls Industrie | New | 0.04% | +0.04 |
| VSXY Victoria's Secret & Co. | New | 0.04% | +0.04 |
| LAD Lithia Motors Inc. | New | 0.04% | +0.04 |
| PH Parker Hannifin Corp. | New | 0.04% | +0.04 |
| ENS Enersys | New | 0.04% | +0.04 |
| ACA Arcosa Inc. | New | 0.04% | +0.04 |
| WBS Webster Financial Corp. | New | 0.04% | +0.04 |
| CB Chubb Ltd. | New | 0.04% | +0.04 |
| MAC The Macerich Co. | New | 0.04% | +0.04 |
| WU Western Union Co. | New | 0.03% | +0.03 |
| AVUV Avantis US Small Cap Value | Add +0.9% | 3.06% | +0.03 |
| ABNB Airbnb Inc. Class A | Add +1.8% | 0.27% | +0.03 |
| CRGY Crescent Energy Inc. Class A | New | 0.02% | +0.02 |
| AER Aercap Holdings NV | Add +2.1% | 0.14% | +0.02 |
| LIEN Chicago Atlantic BDC Inc. | New | 0.02% | +0.02 |
Options Activity Q3 2025 → Q4 2025
| CCJ Cameco Corp. | call | Sold out | 10,000 | $314Kbefore exit |
| VISN Vistance Networks Inc. | call | New | 88,500 | $275K |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 11,700 | $254Kbefore exit |
| VISN Vistance Networks Inc. | put | New | 30,000 | $26K |
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 |