# Sage Investment Counsel LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2055178. Source: https://holderbook.com/funds/2055178-sage-investment-counsel-llc/

- Reported value: $99.9M
- Positions: 126
- Weight of the ten largest: 32.2%
- Filed: 2026-07-22

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 |
|---|---|---|---|---|---|
| PINNACLE FINL PARTNERS INC | [PNFP](https://holderbook.com/stocks/PNFP/) | $7.6M | 74,936 | 7.6% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.5M | 19,142 | 5.5% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $3.0M | 4 | 3.0% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.8M | 8,028 | 2.8% | 7 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $2.6M | 134,810 | 2.6% | 7 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $2.4M | 55,478 | 2.4% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $2.1M | 4,290 | 2.1% | 7 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.1M | 2,001 | 2.1% | 7 |
| TFS FINL CORP | [TFSL](https://holderbook.com/stocks/TFSL/) | $2.1M | 116,998 | 2.1% | 7 |
| HOWARD HUGHES HOLDINGS INC | [HHH](https://holderbook.com/stocks/HHH/) | $2.1M | 28,778 | 2.1% | 7 |
| INVESCO EXCHANGE TRADED FD T | [SPHQ](https://holderbook.com/stocks/SPHQ/) | $2.0M | 22,745 | 2.1% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.0M | 5,423 | 2.0% | 7 |
| TD SYNNEX CORPORATION | [SNX](https://holderbook.com/stocks/SNX/) | $1.9M | 7,123 | 1.9% | 7 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.9M | 26,086 | 1.9% | 6 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.8M | 32,279 | 1.8% | 7 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $1.8M | 5,330 | 1.8% | 7 |
| SLM CORP | [SLM](https://holderbook.com/stocks/SLM/) | $1.8M | 67,512 | 1.8% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.7M | 5,342 | 1.8% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $1.6M | 10,260 | 1.6% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.6M | 6,682 | 1.6% | 5 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $1.4M | 12,455 | 1.4% | 7 |
| RYANAIR HOLDINGS PLC | [RYAAY](https://holderbook.com/stocks/RYAAY/) | $1.4M | 21,549 | 1.4% | 6 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $1.4M | 37,803 | 1.4% | 7 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $1.4M | 15,208 | 1.4% | 5 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.4M | 3,706 | 1.4% | 7 |
| PERSHING SQUARE INC | - | $1.2M | 37,770 | 1.2% | 1 |
| ISHARES INC | [EUSA](https://holderbook.com/stocks/EUSA/) | $1.2M | 10,812 | 1.2% | 7 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $1.2M | 22,767 | 1.2% | 7 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.2M | 1,752 | 1.2% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.1M | 1,925 | 1.1% | 7 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $1.0M | 16,626 | 1.0% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.0M | 7,377 | 1.0% | 7 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $969.4K | 26,372 | 1.0% | 7 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $804.4K | 10,690 | 0.8% | 6 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $800.3K | 3,293 | 0.8% | 7 |
| GRUPO AEROPORTUARIO DEL CENT | [OMAB](https://holderbook.com/stocks/OMAB/) | $791.6K | 7,000 | 0.8% | 7 |
| DAVITA INC | [DVA](https://holderbook.com/stocks/DVA/) | $790.9K | 3,555 | 0.8% | 7 |
| BROOKFIELD RENEWABLE ENERGY | [BEP](https://holderbook.com/stocks/BEP/) | $761.5K | 21,925 | 0.8% | 7 |
| ONEMAIN HLDGS INC | [OMF](https://holderbook.com/stocks/OMF/) | $750.2K | 12,304 | 0.8% | 7 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $728.1K | 12,055 | 0.7% | 7 |
| GRUPO AEROPORTUNARIO DEL PAC | [PAC](https://holderbook.com/stocks/PAC/) | $693.7K | 2,740 | 0.7% | 7 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $648.3K | 6,723 | 0.6% | 7 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $646.8K | 7,566 | 0.6% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $638.7K | 1,811 | 0.6% | 7 |
| FLAGSTAR BANK NATIONAL ASSOC | [FLG](https://holderbook.com/stocks/FLG/) | $618.5K | 41,400 | 0.6% | 7 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $604.0K | 189 | 0.6% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $600.4K | 5,111 | 0.6% | 7 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $545.1K | 13,800 | 0.5% | 7 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $522.0K | 8,300 | 0.5% | 7 |
| AMBEV SA | [ABEV](https://holderbook.com/stocks/ABEV/) | $519.7K | 165,500 | 0.5% | 7 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $517.6K | 6,262 | 0.5% | 6 |
| HEALTHCARE RLTY TR | [HR](https://holderbook.com/stocks/HR/) | $510.6K | 25,313 | 0.5% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $502.3K | 8,415 | 0.5% | 7 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $485.4K | 1,550 | 0.5% | 7 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $479.4K | 2,390 | 0.5% | 5 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $464.1K | 14,635 | 0.5% | 7 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $450.9K | 8,400 | 0.5% | 7 |
| BLACKSTONE SECD LENDING FD | [BXSL](https://holderbook.com/stocks/BXSL/) | $445.8K | 18,804 | 0.4% | 7 |
| SIXTH STREET SPECIALTY LENDI | [TSLX](https://holderbook.com/stocks/TSLX/) | $439.2K | 25,577 | 0.4% | 7 |
| RITHM CAPITAL CORP | [RITM](https://holderbook.com/stocks/RITM/) | $438.5K | 46,700 | 0.4% | 7 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $437.4K | 1,838 | 0.4% | 7 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $418.0K | 1,918 | 0.4% | 6 |
| WHITE MTNS INS GROUP LTD | [WTM](https://holderbook.com/stocks/WTM/) | $414.7K | 200 | 0.4% | 7 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $407.2K | 1,847 | 0.4% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $395.2K | 1,106 | 0.4% | 5 |
| COCA-COLA FEMSA SAB DE CV | [KOF](https://holderbook.com/stocks/KOF/) | $393.1K | 3,700 | 0.4% | 7 |
| REGIONS FINANCIAL CORP NEW | [RF](https://holderbook.com/stocks/RF/) | $376.7K | 12,473 | 0.4% | 7 |
| BURFORD CAPITAL LIMITED | [BUR](https://holderbook.com/stocks/BUR/) | $371.5K | 90,600 | 0.4% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $357.4K | 1,786 | 0.4% | 5 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $353.7K | 2,990 | 0.4% | 7 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $345.6K | 915 | 0.3% | 5 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $345.4K | 7,111 | 0.3% | 7 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $344.9K | 1,268 | 0.3% | 7 |
| VANGUARD MUN BD FDS | [VTEL](https://holderbook.com/stocks/VTEL/) | $330.0K | 3,150 | 0.3% | 4 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $328.0K | 6,583 | 0.3% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $326.3K | 635 | 0.3% | 7 |
| ST JOE CO | [JOE](https://holderbook.com/stocks/JOE/) | $325.7K | 5,200 | 0.3% | 6 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $323.3K | 9,555 | 0.3% | 5 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $321.5K | 4,000 | 0.3% | 6 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $317.1K | 2,800 | 0.3% | 7 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $314.5K | 11,847 | 0.3% | 7 |
| CORPORACION AMER ARPTS S A | [CAAP](https://holderbook.com/stocks/CAAP/) | $312.2K | 12,400 | 0.3% | 7 |
| GRUPO AVAL ACCIONES Y VALORE | [AVAL](https://holderbook.com/stocks/AVAL/) | $306.6K | 60,955 | 0.3% | 7 |
| CTO RLTY GROWTH INC NEW | [CTO](https://holderbook.com/stocks/CTO/) | $294.7K | 13,700 | 0.3% | 7 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $293.8K | 831 | 0.3% | 4 |
| ARGAN INC | [AGX](https://holderbook.com/stocks/AGX/) | $293.2K | 367 | 0.3% | 2 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $292.9K | 575 | 0.3% | 7 |
| AGREE RLTY CORP | [ADC](https://holderbook.com/stocks/ADC/) | $291.6K | 3,849 | 0.3% | 7 |
| LADDER CAP CORP | [LADR](https://holderbook.com/stocks/LADR/) | $288.0K | 28,948 | 0.3% | 7 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $280.1K | 1,476 | 0.3% | 7 |
| GRUPO CIBEST SA | [CIB](https://holderbook.com/stocks/CIB/) | $278.0K | 3,500 | 0.3% | 3 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $277.3K | 366 | 0.3% | 4 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $276.5K | 758 | 0.3% | 3 |
| EASTERLY GOVT PPTYS INC | [DEA](https://holderbook.com/stocks/DEA/) | $274.2K | 11,000 | 0.3% | 2 |
| FIDUS INVT CORP | [FDUS](https://holderbook.com/stocks/FDUS/) | $268.3K | 14,070 | 0.3% | 7 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $258.0K | 2,681 | 0.3% | 7 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $237.6K | 140 | 0.2% | 1 |
| SCHWAB STRATEGIC TR | [SCHY](https://holderbook.com/stocks/SCHY/) | $237.2K | 7,476 | 0.2% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $232.9K | 1,405 | 0.2% | 7 |
| BLACKROCK HEALTH SCIENCES TR | [BME](https://holderbook.com/stocks/BME/) | $231.9K | 5,400 | 0.2% | 4 |

## 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 | +8.3% | +14.8% | -6.5% | 100% |
| Q1 2026 | -2.4% | -4.6% | +2.2% | 100% |
| Q4 2025 | +1.3% | +2.4% | -1.1% | 100% |
| Q3 2025 | +3.9% | +7.8% | -3.9% | 100% |
| Q2 2025 | +3.7% | +10.5% | -6.7% | 100% |
| Q1 2025 | -0.5% | -4.6% | +4.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $99.9M | 126 |
| Q1 2026 | $90.1M | 127 |
| Q4 2025 | $90.9M | 123 |
| Q3 2025 | $90.3M | 123 |
| Q2 2025 | $86.3M | 122 |
| Q1 2025 | $78.9M | 119 |
| Q4 2024 | $76.7M | 120 |