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Livermore
Livermore
ZHEN

Sage Financial Management Group, Inc.

SEC CIK
0001762086
Latest filing
Jul 24, 2026

The latest 13F from Sage Financial Management Group, Inc. covers Q2 2026 (filed Jul 24, 2026): 61 long positions worth $364.0M. The top 10 holdings make up 73.2% of the portfolio, and the largest is iShares Core S&P 500 ETF at 15.2%. 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
5
Est. +$1.73M
Added
20
Est. +$9.58M
Reduced
18
Est. −$2.26M
Sold out
1
Est. −$241.4K

Top 5 holdings

Share of this quarter's portfolio value

  1. iShares Core S&P 500 ETF464287200
    15.2%$55.2M
  2. Vanguard Intermediate-Term Bond ETF921937819
    15.0%$54.6M
  3. Vanguard Ftse All-World Ex-US Index Fund922042775
    10.3%$37.3M
  4. Vanguard Short-Term Bond ETF921937827
    9.0%$32.6M
  5. Schwab U.S. Large-Cap ETF808524201
    7.7%$28.0M

Share of portfolio

Top 5 holdings and the other 56 positions, by share of portfolio value

  1. iShares Core S&P 500 ETF15.2%
  2. Vanguard Intermediate-Term Bond ETF15.0%
  3. Vanguard Ftse All-World Ex-US Index Fund10.3%
  4. Vanguard Short-Term Bond ETF9.0%
  5. Schwab U.S. Large-Cap ETF7.7%
  6. Other 56 positions42.9%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Short-Term Bond ETF921937827
    +$3.19MAdded
  2. Vanguard Intermediate-Term Bond ETF921937819
    +$3.16MAdded
  3. GOOGLAlphabet Inc.
    +$879.8KNewHistory
  4. Vanguard Scottsdale FDS92206C409
    +$651.0KAdded
  5. GOOGAlphabet Inc.
    +$572.7KAddedHistory

Largest weight increases

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

  1. GOOGLAlphabet Inc.
    +0.24 pp0.0% → 0.2%History
  2. GOOGAlphabet Inc.
    +0.17 pp0.1% → 0.3%History
  3. State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853
    +0.10 pp1.1% → 1.2%
  4. Schwab U.S. Small-Cap ETF808524607
    +0.08 pp0.7% → 0.8%
  5. iShares Core S&P Mid-Cap ETF464287507
    +0.08 pp3.1% → 3.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Core S&P 500 ETF464287200
    −$739.2KReduced
  2. Vanguard Morningstar Large-Cap ETF922908637
    −$434.7KReduced
  3. Vanguard S&P 500 ETF922908363
    −$330.4KReduced
  4. XOMExxonMobil Holdings Corp
    −$241.4KSold outHistory
  5. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    −$154.4KReduced

Largest weight decreases

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

  1. iShares MSCI Eafe ETF464287465
    −0.17 pp3.2% → 3.0%
  2. iShares Tr464288414
    −0.07 pp0.4% → 0.3%
  3. XOMExxonMobil Holdings Corp
    −0.07 pp0.1% → 0.0%History
  4. Vanguard Morningstar Large-Cap ETF922908637
    −0.06 pp2.1% → 2.0%
  5. iShares Tr46436E759
    −0.02 pp0.1% → 0.1%

Metrics

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

Portfolio value
$364.0M
+$38.6M (+11.9%) vs. prior quarter
Positions
61
+4 vs. prior quarter
Top 10 concentration
73.2%
Top 10 as share of value
Turnover
0.7%
Q2 2026, one quarter
Average holding period
8.5 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 $364.0M (Q2 2026)

Q1 2021: $129.9MQ2 2021: $109.7MQ3 2021: $3.99MQ4 2021: $150.0MQ1 2022: $145.8MQ2 2022: $142.9MQ3 2022: $113.5MQ4 2022: $143.1MQ1 2023: $124.2MQ2 2023: $16.7MQ3 2023: $166.3MQ4 2023: $186.3MQ1 2024: $211.2MQ2 2024: $32.9MQ3 2024: $257.9MQ4 2024: $270.0MQ1 2025: $275.5MQ2 2025: $289.1MQ3 2025: $313.2MQ4 2025: $327.4MQ1 2026: $325.4MQ2 2026: $364.0M
Q1 2021Q2 2026
13F filings of Sage Financial Management Group, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 24, 202661$364.0MiShares Core S&P 500 ETFVanguard Intermediate-Term Bond ETFVanguard Ftse All-World Ex-US Index Fundvs. Q1 2026SEC
Q1 2026Apr 21, 202657$325.4MVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETFVanguard Ftse All-World Ex-US Index Fundvs. Q4 2025SEC
Q4 2025Feb 5, 202658$327.4MiShares Core S&P 500 ETFVanguard Intermediate-Term Bond ETFVanguard Ftse All-World Ex-US Index Fundvs. Q3 2025SEC
Q3 2025Oct 23, 202556$313.2MiShares Core S&P 500 ETFVanguard Intermediate-Term Bond ETFVanguard Ftse All-World Ex-US Index Fundvs. Q2 2025SEC
Q2 2025Jul 21, 202555$289.1MVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETFVanguard Ftse All-World Ex-US Index Fundvs. Q1 2025SEC
Q1 2025Apr 23, 202556$275.5MVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETFVanguard Ftse All-World Ex-US Index Fundvs. Q4 2024SEC
Q4 2024Jan 23, 202554$270.0MVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETFVanguard Ftse All-World Ex-US Index Fundvs. Q3 2024SEC
Q3 2024Oct 17, 202453$257.9MVanguard Intermediate-Term Bond ETFiShares Core S&P 500 ETFVanguard Ftse All-World Ex-US Index Fundvs. Q2 2024SEC
Q2 2024Jul 18, 202414$32.9MVanguard Scottsdale FDSState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 600 Small Cap ETFvs. Q1 2024SEC
Q1 2024May 1, 202453$211.2MiShares Core S&P 500 ETFVanguard Intermediate-Term Bond ETFSchwab U.S. Large-Cap ETFvs. Q4 2023SEC
Q4 2023Jan 17, 202445$186.3MiShares Core S&P 500 ETFVanguard Short-Term Bond ETFVanguard Intermediate-Term Bond ETFvs. Q3 2023SEC
Q3 2023Oct 12, 202342$166.3MiShares Core S&P 500 ETFVanguard Short-Term Bond ETFVanguard Intermediate-Term Bond ETFvs. Q2 2023SEC
Q2 2023Jul 19, 20237$16.7MState Street SPDR Portfolio S&P 500 Growth ETFMDYVanguard Scottsdale FDSvs. Q1 2023SEC
Q1 2023May 1, 202336$124.2MSchwab U.S. Large-Cap ETFVanguard Intermediate-Term Bond ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2022SEC
Q4 2022Jan 20, 202341$143.1MSchwab U.S. Large-Cap ETFVanguard Intermediate-Term Bond ETFVanguard Ftse All-World Ex-US Index Fundvs. Q3 2022SEC
Q3 2022Oct 24, 202230$113.5MSchwab U.S. Large-Cap ETFVanguard Ftse All-World Ex-US Index FundVanguard Intermediate-Term Bond ETFvs. Q2 2022SEC
Q2 2022Aug 2, 202232$142.9MSchwab U.S. Large-Cap ETFVanguard Ftse All-World Ex-US Index FundVanguard Intermediate-Term Bond ETFvs. Q1 2022SEC
Q1 2022Apr 28, 202230$145.8MSchwab U.S. Large-Cap ETFVanguard Intermediate-Term Bond ETFSchwab U.S. Large-Cap Growth ETFvs. Q4 2021SEC
Q4 2021Feb 8, 202230$150.0MSchwab U.S. Large-Cap ETFVanguard Intermediate-Term Bond ETFSchwab U.S. Large-Cap Growth ETFvs. Q3 2021SEC
Q3 2021Oct 26, 20215$3.99MMDYState Street Consumer Staples Select Sector SPDR ETFVanguard Scottsdale FDSvs. Q2 2021SEC
Q2 2021Aug 3, 202127$109.7MSchwab U.S. Large-Cap ETFSchwab U.S. Large-Cap Growth ETFSchwab US Aggregate Bond ETFvs. Q1 2021SEC
Q1 2021May 11, 2021123$129.9MSchwab U.S. Large-Cap ETFSchwab US Aggregate Bond ETFSchwab U.S. Large-Cap Growth ETF–SEC