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Livermore
Livermore
ZHEN

Sage Capital Advisors,llc

SEC CIK
0001714107
Latest filing
Jul 9, 2026

The latest 13F from Sage Capital Advisors,llc covers Q2 2026 (filed Jul 9, 2026): 136 long positions worth $481.5M. The top 10 holdings make up 35.8% of the portfolio, and the largest is Apple Inc. (AAPL) at 8.6%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
13
Est. +$36.2M
Added
66
Est. +$7.77M
Reduced
45
Est. −$16.0M
Sold out
6
Est. −$14.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. AAPLApple Inc.
    8.6%$41.3MHistory
  2. GOOGLAlphabet Inc.
    5.2%$25.1MHistory
  3. AMZNAmazon Com Inc
    3.6%$17.4MHistory
  4. State Street Technology Select Sector SPDR ETF81369Y803
    3.1%$14.9M
  5. MSFTMicrosoft Corp
    3.0%$14.4MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. State Street SPDR S&P Semiconductor ETF78464A862
    +$6.55MNew
  2. Invesco S&P 500 Equal Weight Technology ETF46137V282
    +$6.31MNew
  3. IBMInternational Business Machines Corp
    +$5.37MNewHistory
  4. ADSKAutodesk, Inc.
    +$4.01MNewHistory
  5. SPCXSpace Exploration Technologies Corp
    +$3.25MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. State Street SPDR S&P Semiconductor ETF78464A862
    +1.36 pp0.0% → 1.4%
  2. AMDAdvanced Micro Devices Inc
    +1.34 pp0.9% → 2.2%History
  3. Invesco S&P 500 Equal Weight Technology ETF46137V282
    +1.31 pp0.0% → 1.3%
  4. IBMInternational Business Machines Corp
    +1.11 pp0.0% → 1.1%History
  5. State Street Technology Select Sector SPDR ETF81369Y803
    +1.08 pp2.0% → 3.1%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$5.67MSold outHistory
  2. ITWIllinois Tool Works Inc
    −$5.65MSold outHistory
  3. ADMArcher-Daniels-Midland Co
    −$4.43MReducedHistory
  4. TAPMolson Coors Beverage Co
    −$2.86MReducedHistory
  5. iShares Tips Bond ETF464287176
    −$2.21MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. HONHoneywell International Inc
    −1.32 pp1.3% → 0.0%History
  2. ITWIllinois Tool Works Inc
    −1.31 pp1.3% → 0.0%History
  3. ADMArcher-Daniels-Midland Co
    −1.03 pp1.9% → 0.9%History
  4. VZVerizon Communications Inc
    −0.93 pp2.8% → 1.9%History
  5. TAPMolson Coors Beverage Co
    −0.86 pp1.4% → 0.5%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$481.5M
+$50.3M (+11.7%) vs. prior quarter
Positions
136
+7 vs. prior quarter
Top 10 concentration
35.8%
Top 10 as share of value
Turnover
6.7%
Q2 2026, one quarter
Average holding period
16.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $481.5M (Q2 2026)

Q1 2021: $223.1MQ2 2021: $245.1MQ3 2021: $235.0MQ4 2021: $263.5MQ1 2022: $246.2MQ2 2022: $209.5MQ3 2022: $196.1MQ4 2022: $226.6MQ1 2023: $262.5MQ2 2023: $285.0MQ3 2023: $272.4MQ4 2023: $309.4MQ1 2024: $344.9MQ2 2024: $348.2MQ3 2024: $383.2MQ4 2024: $384.2MQ1 2025: $381.4MQ2 2025: $405.1MQ3 2025: $420.5MQ4 2025: $420.8MQ1 2026: $431.2MQ2 2026: $481.5M
Q1 2021Q2 2026
13F filings of Sage Capital Advisors,llc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 9, 2026136$481.5MAAPLGOOGLAMZNvs. Q1 2026SEC
Q1 2026Apr 7, 2026129$431.2MAAPLGOOGLAMZNvs. Q4 2025SEC
Q4 2025Jan 6, 2026128$420.8MAAPLGOOGLMSFTvs. Q3 2025SEC
Q3 2025Oct 7, 2025131$420.5MAAPLMSFTNVDAvs. Q2 2025SEC
Q2 2025Jul 3, 2025133$405.1MAAPLNVDAMSFTvs. Q1 2025SEC
Q1 2025Apr 4, 2025131$381.4MAAPLMSFTNVDAvs. Q4 2024SEC
Q4 2024Jan 10, 2025135$384.2MAAPLNVDAMSFTvs. Q3 2024SEC
Q3 2024Oct 8, 2024138$383.2MAAPLNVDAMSFTvs. Q2 2024SEC
Q2 2024Jul 9, 2024134$348.2MAAPLNVDAMSFTvs. Q1 2024SEC
Q1 2024Apr 15, 2024132$344.9MAAPLMSFTNVDAvs. Q4 2023SEC
Q4 2023Jan 9, 2024128$309.4MAAPLMSFTAMZNvs. Q3 2023SEC
Q3 2023Oct 12, 2023124$272.4MAAPLMSFTAMZNvs. Q2 2023SEC
Q2 2023Jul 12, 2023124$285.0MAAPLMSFTAMZNvs. Q1 2023SEC
Q1 2023Apr 11, 2023127$262.5MAAPLMSFTMMMvs. Q4 2022SEC
Q4 2022Jan 19, 2023127$226.6MAAPLMMMMSFTvs. Q3 2022SEC
Q3 2022Oct 17, 2022117$196.1MAAPLMSFTMMMvs. Q2 2022SEC
Q2 2022Jul 6, 2022106$209.5MAAPLMMMMSFTvs. Q1 2022SEC
Q1 2022Apr 11, 2022108$246.2MAAPLMMMMSFTvs. Q4 2021SEC
Q4 2021Jan 20, 2022106$263.5MAAPLMMMMSFTvs. Q3 2021SEC
Q3 2021Oct 26, 2021105$235.0MAAPLMMMMSFTvs. Q2 2021SEC
Q2 2021Jul 22, 2021105$245.1MAAPLMMMMSFTvs. Q1 2021SEC
Q1 2021May 4, 2021101$223.1MAAPLMMMMSFT–SEC