SAGE ADVISORS, LLC

Q4 2025 13F-HR Holdings

Location
Boulder, CO
Holdings as of
12/31/2025
Date filed
1/13/2026
Form type
13F-HR
Num holdings
48
Total value ($000)
$150,836
Net value change ($000)
+11,278 (8.1%)
New positions
15
Sold out positions
6
Turnover %
10.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/22/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
LLY 6,020 40.6%
ENB 3,724 NEW
NLY 3,215 81.4%
PWR 1,255 NEW
HTGC 1,161 105.8%
AMZN 925 16.1%
SGOV 778 NEW
IEF 770 NEW
TLT 615 NEW
IGSB 579 NEW
Top Reduces (Value $000, Stocks/ETFs)
OKE -4,004 -100.0%
OBDC -2,512 -8.9%
ARCC -1,773 -8.4%
FSK -1,729 -49.3%
COST -1,012 -76.1%
BNL -904 -5.7%
COIN -416 -100.0%
CRM -249 -100.0%
ORCL -244 -100.0%
HPQ -230 -28.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type