Institutional Manager · CIK 0002032121
SAGE ADVISORS, LLC
Boulder, CO · File #028-24367
Latest AUM
$150.8M
Positions
48
Top-10 Concentration
76.1%
Filings
9
Portfolio Value Over Time
2024-09
2024-09
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 |
|---|---|---|---|---|---|
| EXITED | ONEOK INC NEW | 682680103 | -54,873 | -$4.0M | $0 |
| NEW | ENBRIDGE INC | ENNPF | +77,851 | +$3.7M | $0 |
| ADD | ANNALY CAPITAL MANAGEMENT IN | NLY-PJ | +124,987 | +$2.8M | +$420,423 |
| REDUCE | BLUE OWL CAPITAL CORPORATION | OWL | -141,795 | -$1.8M | -$749,271 |
| REDUCE | FS KKR CAP CORP | FSK | -114,871 | -$1.7M | -$28,198 |
| REDUCE | ARES CAPITAL CORP | ARCC | -78,430 | -$1.6M | -$186,118 |
| NEW | QUANTA SVCS INC | 74762E102 | +2,974 | +$1.3M | $0 |
| ADD | HERCULES CAPITAL INC | HCXY | +61,944 | +$1.2M | -$5,228 |
| REDUCE | COSTCO WHSL CORP NEW | 22160K105 | -1,068 | -$920,547 | -$91,346 |
| NEW | ISHARES TR | 46436E718 | +7,751 | +$778,045 | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202548 pos · $150.8M
- 13F HOLDINGS REPORTQ/E Sep 202539 pos · $139.6M
- 13F HOLDINGS REPORTQ/E Jun 202536 pos · $140.1M
- 13F HOLDINGS REPORTQ/E Mar 202532 pos · $142.1M
- 13F HOLDINGS REPORTQ/E Dec 202428 pos · $133.9M
- 13F HOLDINGS REPORTQ/E Sep 202425 pos · $127.0M
- 13F HOLDINGS REPORTQ/E Sep 202425 pos · $123.0M
- 13F HOLDINGS REPORTQ/E Sep 202425 pos · $112.4M
- 13F HOLDINGS REPORTQ/E Sep 202427 pos · $100.7M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | BLUE OWL CAPITAL CORPORATION | OWL | 2,061,949 | $25.6M | 16.99% |
| 2 | ELI LILLY & CO | LLY | 19,397 | $20.8M | 13.82% |
| 3 | ARES CAPITAL CORP | ARCC | 955,548 | $19.3M | 12.82% |
| 4 | BROADSTONE NET LEASE INC | BNL | 862,316 | $15.0M | 9.93% |
| 5 | ANNALY CAPITAL MANAGEMENT IN | NLY-PJ | 320,533 | $7.2M | 4.75% |
| 6 | APPLE INC | AAPL | 26,291 | $7.1M | 4.74% |
| 7 | AMAZON COM INC | AMZN | 28,943 | $6.7M | 4.43% |
| 8 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 9,763 | $4.9M | 3.25% |
| 9 | ALTRIA GROUP INC | MO | 73,670 | $4.2M | 2.82% |
| 10 | NVIDIA CORPORATION | NVDA | 20,486 | $3.8M | 2.53% |
| 11 | ENBRIDGE INC | ENNPF | 77,851 | $3.7M | 2.47% |
| 12 | SPDR S&P 500 ETF TR | SPY | 3,835 | $2.6M | 1.73% |
| 13 | INVESCO QQQ TR | IVZ | 3,982 | $2.4M | 1.62% |
| 14 | HERCULES CAPITAL INC | HCXY | 119,974 | $2.3M | 1.50% |
| 15 | SPDR DOW JONES INDL AVERAGE | 78467X109 | 4,631 | $2.2M | 1.48% |
| 16 | META PLATFORMS INC | META | 3,001 | $2.0M | 1.31% |
| 17 | MICROSOFT CORP | MSFT | 3,808 | $1.8M | 1.22% |
| 18 | FS KKR CAP CORP | FSK | 119,967 | $1.8M | 1.18% |
| 19 | INTERNATIONAL BUSINESS MACHS | INTR | 5,313 | $1.6M | 1.04% |
| 20 | QUANTA SVCS INC | 74762E102 | 2,974 | $1.3M | 0.83% |