Sage Investment Counsel LLC
Long book
$90.1M
Q1 2026
Positions
127
Top-10 weight
32%
concentration
Last quarter
+10.0%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsSage Investment Counsel LLC is an institutional manager, running a $90.1M US long book across 127 positions.
The portfolio is moderately concentrated (top 10 ≈ 32% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: PINNACLE FINANCIAL PARTNERS, APPLE INC, BERKSHIRE HATHAWAY INC-CL A, ENERGY TRANSFER LP, BROOKFIELD CORP.
Over the last 6 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 2 of 6 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
+1.3%
Q1 2025
+4.4%
Q2 2025
+6.5%
Q3 2025
+1.8%
Q4 2025
-1.6%
Q1 2026
+10.0%
Sector allocation
Financials 35%
Technology 12%
Consumer discretionary 10%
Industrials 9%
Services media 7%
Energy 7%
Real estate 6%
Utilities 6%
Long book by quarter
What does Sage Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PNFP PINNACLE FINANCIAL PARTNERS | Financials | 74.9K | $6.5M | 7.2% | New |
| AAPL APPLE INC | Technology | 19.2K | $4.9M | 5.4% | -0.5% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 4 | $2.9M | 3.2% | Held |
| ET ENERGY TRANSFER LP | Utilities | 134.8K | $2.6M | 2.9% | Held |
| BN BROOKFIELD CORP | Real estate | 55.4K | $2.2M | 2.5% | +2.8% |
| V VISA INC-CLASS A SHARES | Services media | 7.0K | $2.1M | 2.4% | +37.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 4.3K | $2.1M | 2.3% | -1.8% |
| UBER UBER TECHNOLOGIES INC | Services media | 25.3K | $1.8M | 2.0% | +33.7% |
| CB CHUBB LTD | Financials | 5.4K | $1.7M | 1.9% | +1.9% |
| HHH HOWARD HUGHES HOLDINGS INC | Real estate | 27.2K | $1.7M | 1.9% | +5.7% |
| TFSL TFS FINANCIAL CORP | Financials | 116.9K | $1.6M | 1.8% | +0.1% |
| BAC BANK OF AMERICA CORP | Financials | 32.3K | $1.6M | 1.7% | +6.6% |
| JPM JPMORGAN CHASE & CO | Financials | 5.3K | $1.6M | 1.7% | -1.8% |
| SNX TD SYNNEX CORP | Consumer discretionary | 9.0K | $1.5M | 1.7% | -0.6% |
| ENB ENBRIDGE INC | Energy | 26.8K | $1.4M | 1.6% | Held |
| CAT CATERPILLAR INC | Industrials | 2.0K | $1.4M | 1.6% | -2.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 6.7K | $1.4M | 1.5% | +16.9% |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 11.4K | $1.4M | 1.5% | -16.5% |
| SLM SLM CORP | Financials | 58.5K | $1.3M | 1.4% | +28.8% |
| LEN LENNAR CORP-A | Industrials | 14.4K | $1.3M | 1.4% | +10.6% |
| XOM EXXON MOBIL CORP | Energy | 7.4K | $1.3M | 1.4% | -8.0% |
| MSFT MICROSOFT CORP | Technology | 3.2K | $1.2M | 1.3% | Held |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 26.3K | $996K | 1.1% | +1.5% |
| STZ CONSTELLATION BRANDS INC-A | Consumer staples | 6.1K | $916K | 1.0% | +6.1% |
| AZO AUTOZONE INC | Consumer discretionary | 205 | $692K | 0.8% | Held |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 13.8K | $672K | 0.7% | Held |
| OMF ONEMAIN HOLDINGS INC | Financials | 12.3K | $658K | 0.7% | Held |
| USB US BANCORP | Financials | 12.0K | $626K | 0.7% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 1.8K | $605K | 0.7% | -0.8% |
| SU SUNCOR ENERGY INC | Energy | 8.6K | $569K | 0.6% | +2.4% |
| FDX FEDEX CORP | Industrials | 1.6K | $552K | 0.6% | Held |
| WHR WHIRLPOOL CORP | Industrials | 10.2K | $548K | 0.6% | +263.9% |
| DVA DAVITA INC | Healthcare | 3.6K | $546K | 0.6% | -11.9% |
| FLG FLAGSTAR BANK NA | Financials | 41.4K | $545K | 0.6% | Held |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 7.5K | $488K | 0.5% | -27.2% |
| FCX FREEPORT-MCMORAN INC | Materials | 8.3K | $488K | 0.5% | Held |
| TSLX SIXTH STREET SPECIALTY LENDI | — | 25.6K | $470K | 0.5% | +3.2% |
| CSCO CISCO SYSTEMS INC | Technology | 5.9K | $457K | 0.5% | Held |
| BXSL BLACKSTONE SECURED LENDING F | — | 18.8K | $445K | 0.5% | +11.9% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 2.4K | $445K | 0.5% | -6.2% |
| HTZ HERTZ GLOBAL HLDGS INC | Services media | 96.5K | $445K | 0.5% | +42.5% |
| LOW LOWE'S COS INC | Consumer discretionary | 1.9K | $444K | 0.5% | Held |
| WTM WHITE MOUNTAINS INSURANCE GP | Financials | 200 | $439K | 0.5% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 742 | $424K | 0.5% | Held |
| MTB M & T BANK CORP | Financials | 1.8K | $380K | 0.4% | +0.1% |
| WMT WALMART INC | Consumer discretionary | 2.9K | $358K | 0.4% | -4.0% |
| LMT LOCKHEED MARTIN CORP | Industrials | 575 | $348K | 0.4% | Held |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 3.0K | $333K | 0.4% | Held |
| JOE ST JOE CO/THE | Real estate | 5.2K | $327K | 0.4% | Held |
| RF REGIONS FINANCIAL CORP | Financials | 12.4K | $325K | 0.4% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 24, 2026 | 127 | $90.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 123 | $90.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 123 | $90.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 22, 2025 | 122 | $86.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 119 | $78.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 120 | $76.7M | canonical | SEC ↗ |
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