# Sage Investment Advisers LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1925418. Source: https://holderbook.com/funds/1925418-sage-investment-advisers-llc/

- Reported value: $148.7M
- Positions: 98
- Weight of the ten largest: 43.6%
- Filed: 2026-07-09

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $21.3M | 30,994 | 14.3% | 15 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $7.2M | 94,734 | 4.8% | 15 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $5.9M | 69,056 | 4.0% | 15 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $5.4M | 15,787 | 3.6% | 15 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $5.2M | 66,468 | 3.5% | 11 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $4.2M | 57,207 | 2.8% | 3 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $4.1M | 18,244 | 2.8% | 15 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.0M | 12,143 | 2.7% | 15 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.8M | 23,089 | 2.6% | 15 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $3.8M | 13,419 | 2.5% | 15 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $3.7M | 5,046 | 2.5% | 11 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $3.4M | 9,334 | 2.3% | 15 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $3.4M | 31,048 | 2.3% | 3 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $3.3M | 24,338 | 2.3% | 15 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $3.3M | 104,385 | 2.2% | 9 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.2M | 8,917 | 2.1% | 7 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $2.9M | 12,069 | 1.9% | 15 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.6M | 9,040 | 1.8% | 15 |
| SPDR SERIES TRUST | [SJNK](https://holderbook.com/stocks/SJNK/) | $2.4M | 94,883 | 1.6% | 3 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $2.4M | 4,085 | 1.6% | 15 |
| ISHARES TR | [IYY](https://holderbook.com/stocks/IYY/) | $2.2M | 12,107 | 1.5% | 15 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $2.1M | 4,205 | 1.4% | 15 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.9M | 5,288 | 1.3% | 15 |
| CHURCHILL DOWNS INC | [CHDN](https://holderbook.com/stocks/CHDN/) | $1.8M | 19,837 | 1.2% | 15 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.7M | 8,049 | 1.2% | 15 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $1.7M | 55,595 | 1.1% | 3 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $1.5M | 6,839 | 1.0% | 15 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.5M | 9,541 | 1.0% | 15 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $1.4M | 2,190 | 0.9% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.4M | 1,821 | 0.9% | 15 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.3M | 5,046 | 0.9% | 15 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $1.3M | 1,306 | 0.9% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.3M | 3,357 | 0.8% | 15 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.2M | 3,249 | 0.8% | 15 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.2M | 4,390 | 0.8% | 3 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.2M | 2,770 | 0.8% | 1 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $1.1M | 3,660 | 0.8% | 3 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $1.1M | 11,765 | 0.8% | 3 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $1.0M | 21,170 | 0.7% | 15 |
| SPROTT INC | [SII](https://holderbook.com/stocks/SII/) | $974.6K | 8,675 | 0.7% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $957.2K | 1,913 | 0.6% | 15 |
| SCHWAB STRATEGIC TR | [SCHO](https://holderbook.com/stocks/SCHO/) | $878.0K | 36,371 | 0.6% | 3 |
| ESPEY MFG & ELECTRS CORP | [ESP](https://holderbook.com/stocks/ESP/) | $824.7K | 12,244 | 0.6% | 15 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $771.2K | 3,854 | 0.5% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $707.3K | 2,006 | 0.5% | 15 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $704.2K | 9,600 | 0.5% | 3 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $687.4K | 2,185 | 0.5% | 15 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $683.5K | 7,775 | 0.5% | 10 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $676.8K | 2,504 | 0.5% | 11 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $604.4K | 4,318 | 0.4% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $587.7K | 4,008 | 0.4% | 15 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $567.4K | 3,576 | 0.4% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $566.4K | 975 | 0.4% | 14 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $560.2K | 2,505 | 0.4% | 15 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $528.0K | 3,651 | 0.4% | 3 |
| ATLANTA BRAVES HLDGS INC | [BATRK](https://holderbook.com/stocks/BATRK/) | $523.2K | 10,080 | 0.4% | 7 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $516.0K | 689 | 0.3% | 2 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $508.2K | 2,679 | 0.3% | 4 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $497.9K | 5,163 | 0.3% | 3 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $488.8K | 9,141 | 0.3% | 3 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $481.6K | 9,068 | 0.3% | 3 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $474.4K | 14,250 | 0.3% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $457.6K | 1,920 | 0.3% | 9 |
| GRAYSCALE BITCOIN TRUST ETF | [GBTC](https://holderbook.com/stocks/GBTC/) | $450.6K | 9,900 | 0.3% | 5 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $420.4K | 3,105 | 0.3% | 15 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $418.7K | 11,589 | 0.3% | 15 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $418.5K | 6,754 | 0.3% | 6 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $400.8K | 9,467 | 0.3% | 15 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $383.5K | 733 | 0.3% | 1 |
| GLOBAL X FDS | [AIQ](https://holderbook.com/stocks/AIQ/) | $371.3K | 5,659 | 0.2% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $367.4K | 4,049 | 0.2% | 2 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $354.2K | 3,667 | 0.2% | 2 |
| FIDELITY COVINGTON TRUST | [FSTA](https://holderbook.com/stocks/FSTA/) | $344.4K | 6,556 | 0.2% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $331.9K | 789 | 0.2% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $323.8K | 779 | 0.2% | 8 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $318.4K | 5,587 | 0.2% | 15 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $310.4K | 7,562 | 0.2% | 1 |
| KRATOS DEFENSE & SEC SOLUTIO | [KTOS](https://holderbook.com/stocks/KTOS/) | $300.2K | 6,020 | 0.2% | 3 |
| PENN ENTERTAINMENT INC | [PENN](https://holderbook.com/stocks/PENN/) | $298.8K | 13,990 | 0.2% | 15 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $290.7K | 4,041 | 0.2% | 7 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $290.4K | 2,564 | 0.2% | 4 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $280.8K | 11,661 | 0.2% | 7 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $278.6K | 8,007 | 0.2% | 1 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $277.6K | 4,943 | 0.2% | 7 |
| FEDEX FGHT HLDG CO INC | - | $276.3K | 1,830 | 0.2% | 1 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $273.5K | 1,255 | 0.2% | 2 |
| GORMAN RUPP CO | [GRC](https://holderbook.com/stocks/GRC/) | $268.6K | 2,928 | 0.2% | 1 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $266.4K | 880 | 0.2% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $261.4K | 2,226 | 0.2% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $253.8K | 1,856 | 0.2% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $252.4K | 740 | 0.2% | 1 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $244.1K | 1,604 | 0.2% | 1 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $221.7K | 1,900 | 0.1% | 9 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $219.5K | 600 | 0.1% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $204.6K | 2,865 | 0.1% | 1 |
| TRONOX HOLDINGS PLC | [TROX](https://holderbook.com/stocks/TROX/) | $75.6K | 12,000 | 0.1% | 2 |
| NORTHERN DYNASTY MINERALS LT | [NAK](https://holderbook.com/stocks/NAK/) | $49.9K | 26,000 | 0.0% | 15 |
| EVGO INC | [EVGO](https://holderbook.com/stocks/EVGO/) | $21.4K | 11,200 | 0.0% | 14 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +6.5% | +14.8% | -8.3% | 100% |
| Q1 2026 | -1.0% | -4.6% | +3.6% | 100% |
| Q4 2024 | +2.2% | +2.1% | +0.0% | 100% |
| Q3 2024 | +5.6% | +5.4% | +0.1% | 100% |
| Q2 2024 | +1.5% | +4.0% | -2.5% | 100% |
| Q1 2024 | +6.6% | +10.0% | -3.4% | 100% |
| Q4 2023 | +11.1% | +11.2% | -0.1% | 100% |
| Q3 2023 | -4.6% | -3.6% | -1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $148.7M | 98 |
| Q1 2026 | $135.0M | 89 |
| Q4 2025 | $133.4M | 86 |
| Q3 2024 | $95.5M | 74 |
| Q2 2024 | $88.4M | 68 |
| Q1 2024 | $87.2M | 67 |
| Q4 2023 | $82.4M | 67 |
| Q3 2023 | $72.9M | 61 |
| Q2 2023 | $74.8M | 60 |
| Q1 2023 | $74.8M | 62 |
| Q4 2022 | $70.1M | 64 |
| Q3 2022 | $63.3M | 58 |