Sage Mountain Advisors LLC
Long book
$1.43B
Q1 2026
Positions
281
Top-10 weight
68%
concentration
Last quarter
+10.4%
SPY +14.8%
Turnover
53%
of book per quarter
Strategy in plain words
auto-generated from filingsSage Mountain Advisors LLC is a wealth-management firm allocating client money, running a $1.43B US long book across 281 positions.
The portfolio is concentrated: the top 10 names carry 68% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: JANUS HENDERSON AAA CLO ETF, JPMORGAN US QUALITY FACTOR, VANGUARD TOTAL STOCK MKT ETF, ISHARES MSCI USA QUALITY FAC, ISHARES MSCI INTERNATIONAL Q.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.5%
Q2 2024
+5.0%
Q3 2024
+1.6%
Q4 2024
-2.1%
Q1 2025
+7.6%
Q2 2025
+5.6%
Q3 2025
+2.2%
Q4 2025
-2.5%
Q1 2026
+10.4%
Sector allocation
Other 39%
Technology 24%
Financials 14%
Consumer discretionary 10%
Industrials 7%
Healthcare 2%
Services media 1%
Energy 1%
Long book by quarter
What does Sage Mountain own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GBDC GOLUB CAPITAL BDC INC | — | 3.8M | $47.6M | 3.3% | +11.8% |
| AVGO BROADCOM INC | Technology | 33.0K | $10.2M | 0.7% | -56.9% |
| JPM JPMORGAN CHASE & CO | Financials | 29.7K | $8.7M | 0.6% | -42.7% |
| AAPL APPLE INC | Technology | 32.9K | $8.3M | 0.6% | -78.1% |
| TSLA TESLA INC | Industrials | 21.9K | $8.1M | 0.6% | -48.3% |
| CPRT COPART INC | Consumer discretionary | 226.5K | $7.5M | 0.5% | -20.5% |
| KBDC KAYNE ANDERSON BDC INC | — | 418.1K | $5.7M | 0.4% | -47.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 17.9K | $3.7M | 0.3% | -79.8% |
| FTNT FORTINET INC | Technology | 42.3K | $3.5M | 0.2% | -38.1% |
| META META PLATFORMS INC-CLASS A | Technology | 5.3K | $3.0M | 0.2% | -73.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 5.6K | $2.7M | 0.2% | -70.1% |
| GOOGL ALPHABET INC-CL A | Technology | 8.0K | $2.3M | 0.2% | -86.0% |
| MSFT MICROSOFT CORP | Technology | 6.0K | $2.2M | 0.2% | -91.1% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 3 | $2.2M | 0.2% | Held |
| LIEN CHICAGO ATLANTIC BDC INC | — | 215.6K | $2.0M | 0.1% | -19.6% |
| NVDA NVIDIA CORP | Technology | 9.4K | $1.6M | 0.1% | -95.0% |
| GOOG ALPHABET INC-CL C | Technology | 5.3K | $1.5M | 0.1% | -87.2% |
| BMNR BITMINE IMMERSION TECHNOLOGI | Financials | 65.2K | $1.3M | 0.1% | +128.0% |
| RY ROYAL BANK OF CANADA | Financials | 7.5K | $1.2M | 0.1% | -3.5% |
| WMT WALMART INC | Consumer discretionary | 9.5K | $1.2M | 0.1% | -77.0% |
| LLY ELI LILLY & CO | Healthcare | 1.1K | $999K | 0.1% | -84.8% |
| MRK MERCK & CO. INC. | Healthcare | 8.2K | $989K | 0.1% | -71.7% |
| MSTR STRATEGY INC | Financials | 7.8K | $972K | 0.1% | +30.1% |
| V VISA INC-CLASS A SHARES | Services media | 3.2K | $964K | 0.1% | -80.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 281 | $1.43B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 23, 2026 | 559 | $1.89B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 29, 2025 | 547 | $1.75B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 494 | $1.54B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 492 | $1.36B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 473 | $1.37B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 485 | $1.17B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 421 | $1.08B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 23, 2024 | 408 | $962.2M | canonical | SEC ↗ |