Institutional Manager · CIK 0002030667

Sage Capital Management, LLC

Stockton, NJ · File #028-24242

Latest AUM

$216.4M

Positions

161

Top-10 Concentration

47.4%

Filings

Portfolio Value Over Time

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	SELECT SECTOR SPDR TR	81369Y803	+32,400	+$4.7M	-$4.7M
ADD	DBX ETF TR	233051200	+31,767	+$1.5M	+$67,236
REDUCE	OTIS WORLDWIDE CORP	OTIS	-12,964	-$1.1M	-$75,342
REDUCE	SPDR SERIES TRUST	78464A110	-5,991	-$1.1M	-$315,443
REDUCE	PIMCO ETF TR	72201R833	-9,368	-$940,319	-$12,667
REDUCE	APPLE INC	AAPL	-3,315	-$901,649	+$234,112
NEW	NIKE INC	NKE	+13,146	+$837,533	$0
REDUCE	INVESCO EXCHANGE TRADED FD T	IVZ	-9,424	-$663,682	-$183,459
ADD	SELECT SECTOR SPDR TR	81369Y886	+13,258	+$566,047	-$594,800
ADD	SELECT SECTOR SPDR TR	81369Y100	+11,069	+$502,076	-$486,683

Sector Allocation

Financials

19.3%$41.8M

Technology

10.7%$23.1M

Consumer Discretionary

1.6%$3.4M

1.2%$2.7M

1.0%$2.2M

1.0%$2.2M

1.0%$2.2M

0.7%$1.6M

Communication Services

0.4%$967,751

Materials

0.3%$746,981

Utilities

0.1%$283,521

Filing History

Jan 15, 202613F HOLDINGS REPORTQ/E Dec 2025161 pos · $216.4M
Oct 28, 202513F HOLDINGS REPORTQ/E Sep 2025157 pos · $222.2M
Aug 5, 202513F HOLDINGS REPORTQ/E Jun 2025157 pos · $207.8M
May 15, 202513F HOLDINGS REPORTQ/E Mar 2025152 pos · $184.2M
Feb 12, 202513F HOLDINGS REPORTQ/E Dec 2024157 pos · $197.9M
Oct 30, 202413F HOLDINGS REPORTQ/E Sep 2024163 pos · $208.4M
Jul 31, 202413F HOLDINGS REPORTQ/E Jun 2024152 pos · $184.3M
Jul 31, 202413F HOLDINGS REPORTQ/E Jun 2024147 pos · $167.1M
Jul 29, 202413F HOLDINGS REPORTQ/E Jun 2024154 pos · $190.3M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	NVIDIA CORPORATION	NVDA	78,620	$14.7M	8.67%
2	GLOBAL X FDS	37954Y673	212,866	$10.2M	6.02%
3	SELECT SECTOR SPDR TR	81369Y803	66,424	$9.6M	5.66%
4	INVESCO QQQ TR	IVZ	14,090	$8.7M	5.13%
5	SPDR S&P 500 ETF TR	SPY	12,312	$8.4M	4.97%
6	INVESCO EXCHANGE TRADED FD T	IVZ	99,399	$7.0M	4.14%
7	EA SERIES TRUST	02072L680	134,675	$5.9M	3.51%
8	AMPLIFY ETF TR	032108664	68,221	$5.5M	3.24%
9	INVESCO EXCHANGE TRADED FD T	IVZ	27,493	$5.3M	3.12%
10	SELECT SECTOR SPDR TR	81369Y308	63,209	$4.9M	2.90%
11	SPDR SERIES TRUST	78464A359	49,425	$4.4M	2.61%
12	INTERNATIONAL BUSINESS MACHS	INTR	14,749	$4.4M	2.59%
13	WISDOMTREE TR	WT	80,059	$4.1M	2.44%
14	SPDR SERIES TRUST	78464A110	20,504	$3.7M	2.16%
15	NUVEEN S&P 500 BUY-WRITE INC	NU	239,661	$3.5M	2.08%
16	ETF SER SOLUTIONS	26922A420	31,829	$3.5M	2.06%
17	DBX ETF TR	233051200	71,385	$3.4M	2.03%
18	GLOBAL X FDS	37954Y715	93,420	$3.4M	2.00%
19	SPDR SERIES TRUST	78464A763	23,600	$3.3M	1.94%
20	PIMCO ETF TR	72201R833	30,825	$3.1M	1.83%