Sagard Holdings Management Inc.
- SEC CIK
- 0001941151
- Latest filing
- Nov 14, 2025
The latest 13F from Sagard Holdings Management Inc. covers Q3 2025 (filed Nov 14, 2025): 107 long positions worth $20.0M. The top 10 holdings make up 81.8% of the portfolio, and the largest is iShares Core S&P 500 ETF at 33.2%. Livermore has 2 filings on Form 13F from this institution, going back to Q2 2025.
What changed in Q3 2025
Share counts compared with Q2 2025: 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.
- New
- 1
- Est. +$79.2K
- Added
- 0
- Reduced
- 4
- Est. −$3.13M
- Sold out
- 7
- Est. −$13.9M
Top 5 holdings
Share of this quarter's portfolio value
- iShares Core S&P 500 ETF46428720033.2%$6.63M
- iShares MSCI USA Min Vol Factor ETF46429B69718.0%$3.59M
- iShares MSCI Eafe ETF46428746513.1%$2.61M
- NTRNutrien Ltd.
- Harbor ETF Trust41151J5053.4%$677.0K
Share of portfolio
Top 5 holdings and the other 102 positions, by share of portfolio value
- iShares Core S&P 500 ETF33.2%
- iShares MSCI USA Min Vol Factor ETF18.0%
- iShares MSCI Eafe ETF13.1%
- NTR7.6%
- Harbor ETF Trust3.4%
- Other 102 positions24.7%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard BD Index FDS92203C303−$3.50MSold out
- Vanguard Scottsdale FDS92206C102−$3.45MSold out
- SPDR Series Trust78468R101−$3.45MSold out
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663−$3.44MSold out
- Harbor ETF Trust41151J505−$3.13MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard BD Index FDS92203C303−9.79 pp9.8% → 0.0%
- Vanguard Scottsdale FDS92206C102−9.65 pp9.7% → 0.0%
- SPDR Series Trust78468R101−9.65 pp9.6% → 0.0%
- State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663−9.61 pp9.6% → 0.0%
- Harbor ETF Trust41151J505−6.63 pp10.0% → 3.4%
Metrics
13F metrics for Q3 2025, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $20.0M
- −$15.8M (−44.1%) vs. prior quarter
- Positions
- 107
- −6 vs. prior quarter
- Top 10 concentration
- 81.8%
- Top 10 as share of value
- Turnover
- 0.3%
- Q3 2025, one quarter
- Average holding period
- 2.0 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 (Q2 2025), so positions held before then are understated.
13F filings by quarter
2 quarters, going back to Q2 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $35.7M (Q2 2025)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2025 | Nov 14, 2025 | 107 | $20.0M | iShares Core S&P 500 ETFiShares MSCI USA Min Vol Factor ETFiShares MSCI Eafe ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 14, 2025 | 113 | $35.7M | iShares Core S&P 500 ETFHarbor ETF TrustiShares MSCI USA Min Vol Factor ETF | – | SEC |