Sage Capital Management 13F annual report
Sage Capital Management is an investment fund managing more than $185 billion ran by Lawrence Busch. There are currently 104 companies in Mr. Busch’s portfolio. The largest investments include NVIDIA Corp and Global X Fds, together worth $21 billion.
$185 billion Assets Under Management (AUM)
As of 24th July 2024, Sage Capital Management’s top holding is 69,432 shares of NVIDIA Corp currently worth over $8.58 billion and making up 4.6% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Sage Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 358,882 shares of Global X Fds worth $12.4 billion.
The third-largest holding is Spdr S&p 500 Etf Tr worth $8.01 billion and the next is Invesco Exchange Traded Fd T worth $17.3 billion, with 253,360 shares owned.
Currently, Sage Capital Management's portfolio is worth at least $185 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Sage Capital Management
The Sage Capital Management office and employees reside in Stockton, New Jersey. According to the last 13-F report filed with the SEC, Lawrence Busch serves as the President & Chief Compliance Officer at Sage Capital Management.
Recent trades
In the most recent 13F filing, Sage Capital Management revealed that it had opened a new position in
Sanofi and bought 20,586 shares worth $999 million.
This means they effectively own approximately 0.1% of the company.
Sanofi makes up
37.4%
of the fund's Health Care sector allocation and has decreased its share price by 5.2% in the past year.
The investment fund also strengthened its position in NVIDIA Corp by buying
62,940 additional shares.
This makes their stake in NVIDIA Corp total 69,432 shares worth $8.58 billion.
NVIDIA Corp dropped 73.6% in the past year.
On the other hand, there are companies that Sage Capital Management is getting rid of from its portfolio.
Sage Capital Management closed its position in Norfolk Southn Corp on 31st July 2024.
It sold the previously owned 895 shares for $228 million.
Lawrence Busch also disclosed a decreased stake in Global X Fds by approximately 0.1%.
This leaves the value of the investment at $12.4 billion and 358,882 shares.
One of the smallest hedge funds
The two most similar investment funds to Sage Capital Management are Heron Financial Group and Atlantic Investment Management, Inc. They manage $185 billion and $185 billion respectively.
Lawrence Busch investment strategy
Sage Capital Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 7.2% of
the total portfolio value.
The fund focuses on investments in the United States as
32.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
29% of the total holdings value.
On the other hand, small-cap stocks make up only 2.9% of the portfolio.
The average market cap of the portfolio companies is close to $288 billion.
The complete list of Sage Capital Management trades based on 13F SEC filings
These positions were updated on July 31st based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| NVIDIA Corp |
969.50%
69,432
|
$8,577,832,000 | 4.63% |
| Global X Fds |
0.05%
358,882
|
$12,423,844,000 | 6.71% |
| Spdr S&p 500 Etf Tr |
0.10%
14,724
|
$8,013,600,000 | 4.33% |
| Invesco Exchange Traded Fd T |
0.79%
253,360
|
$17,330,879,000 | 9.35% |
| Select Sector Spdr Tr |
0.38%
138,756
|
$16,712,108,000 | 9.02% |
| Apple Inc |
0.05%
28,560
|
$6,015,416,000 | 3.25% |
| Amplify Etf Tr |
0.20%
79,921
|
$5,173,451,000 | 2.79% |
| Wisdomtree Tr |
2.03%
120,172
|
$5,577,023,000 | 3.01% |
| Spdr Ser Tr |
9.26%
183,569
|
$16,258,640,000 | 8.78% |
| abrdn Healthcare Investors |
2.20%
200,965
|
$3,508,809,000 | 1.89% |
| Microsoft Corporation |
0.12%
7,377
|
$3,296,888,000 | 1.78% |
| International Business Machs |
0.75%
17,942
|
$3,103,383,000 | 1.67% |
| EA Series Trust |
14.07%
87,144
|
$3,047,448,000 | 1.64% |
| Nuveen S&p 500 Buy-write Inc |
1.15%
214,398
|
$2,894,333,000 | 1.56% |
| Pimco Etf Tr |
1.03%
27,858
|
$2,803,761,000 | 1.51% |
| Iron Mtn Inc Del |
5.99%
29,917
|
$2,681,065,000 | 1.45% |
| J P Morgan Exchange Traded F |
8.32%
37,727
|
$2,138,344,000 | 1.15% |
| First Tr Exchange Traded Fd |
0.99%
65,334
|
$5,152,051,000 | 2.78% |
| Proshares Tr |
1.04%
40,034
|
$2,732,150,000 | 1.47% |
| Lamar Advertising Co |
0.75%
14,118
|
$1,687,424,000 | 0.91% |
| Ishares Tr |
0.52%
152,652
|
$11,349,758,000 | 6.13% |
| Alps Etf Tr |
0.92%
29,102
|
$1,537,547,000 | 0.83% |
| American Tower Corp. |
0.59%
7,702
|
$1,496,623,000 | 0.81% |
| Vanguard Malvern Fds |
3.68%
29,726
|
$1,442,911,000 | 0.78% |
| Berkshire Hathaway Inc. |
No change
3,356
|
$1,365,220,000 | 0.74% |
| First Tr Exchange-traded Fd |
No change
28,730
|
$2,480,531,000 | 1.34% |
| Exxon Mobil Corp. |
0.49%
11,175
|
$1,286,618,000 | 0.69% |
| Public Storage Oper Co |
0.73%
4,442
|
$1,278,091,000 | 0.69% |
| Dbx Etf Tr |
0.05%
30,796
|
$1,276,153,000 | 0.69% |
| Amazon.com Inc. |
No change
6,479
|
$1,252,067,000 | 0.68% |
| Direxion Shs Etf Tr |
No change
12,580
|
$1,225,157,000 | 0.66% |
| Costco Whsl Corp New |
No change
1,227
|
$1,043,560,000 | 0.56% |
| Sanofi |
Opened
20,586
|
$998,835,000 | 0.54% |
| Invesco Exch Traded Fd Tr Ii |
0.84%
21,262
|
$944,641,000 | 0.51% |
| Eli Lilly & Co |
5.89%
1,023
|
$925,926,000 | 0.50% |
| Vanguard World Fd |
No change
4,698
|
$905,050,000 | 0.49% |
| Procter And Gamble Co |
0.32%
5,257
|
$866,943,000 | 0.47% |
| Spdr Dow Jones Indl Average |
0.27%
2,215
|
$866,200,000 | 0.47% |
| Oneok Inc. |
1.23%
10,307
|
$840,479,000 | 0.45% |
| Stag Indl Inc |
0.63%
22,372
|
$806,696,000 | 0.44% |
| Highland Opportunities |
20.10%
117,941
|
$737,135,000 | 0.40% |
| Alphabet Inc |
0.08%
3,716
|
$677,053,000 | 0.37% |
| Ecolab, Inc. |
0.04%
2,837
|
$675,296,000 | 0.36% |
| Vanguard Scottsdale Fds |
0.90%
10,700
|
$847,688,000 | 0.46% |
| Vanguard Specialized Funds |
No change
3,416
|
$623,405,000 | 0.34% |
| Home Depot, Inc. |
0.06%
1,788
|
$615,436,000 | 0.33% |
| Host Hotels & Resorts Inc |
0.47%
33,811
|
$607,925,000 | 0.33% |
| Abbvie Inc |
0.27%
3,382
|
$580,044,000 | 0.31% |
| American Express Co. |
No change
2,493
|
$577,308,000 | 0.31% |
| Meta Platforms Inc |
No change
1,141
|
$576,153,000 | 0.31% |
| Ltc Pptys Inc |
5.76%
16,683
|
$575,596,000 | 0.31% |
| Digital Rlty Tr Inc |
0.16%
3,703
|
$563,043,000 | 0.30% |
| Cohen & Steers Quality Incom |
2.15%
47,859
|
$558,999,000 | 0.30% |
| Phillips Edison & Co Inc |
2.91%
16,759
|
$548,185,000 | 0.30% |
| Marriott Intl Inc New |
0.05%
2,220
|
$536,668,000 | 0.29% |
| Pepsico Inc |
0.63%
3,033
|
$500,113,000 | 0.27% |
| Western Midstream Partners L |
12.21%
11,312
|
$449,442,000 | 0.24% |
| Church & Dwight Co., Inc. |
No change
4,261
|
$441,780,000 | 0.24% |
| Walmart Inc |
0.21%
6,294
|
$426,205,000 | 0.23% |
| Vanguard Index Fds |
No change
6,506
|
$825,750,000 | 0.45% |
| Williams Cos Inc |
1.13%
9,670
|
$410,940,000 | 0.22% |
| Johnson & Johnson |
0.40%
2,791
|
$407,966,000 | 0.22% |
| Cedar Fair L P |
No change
7,413
|
$402,905,000 | 0.22% |
| Fidelity Covington Trust |
0.11%
12,223
|
$394,355,000 | 0.21% |
| Eaton Vance Tax-managed Glob |
No change
46,431
|
$392,342,000 | 0.21% |
| Pfizer Inc. |
4.89%
13,785
|
$385,653,000 | 0.21% |
| JPMorgan Chase & Co. |
0.45%
1,796
|
$363,155,000 | 0.20% |
| Abbott Labs |
0.15%
3,427
|
$356,193,000 | 0.19% |
| Arm Holdings Plc |
Opened
2,075
|
$339,471,000 | 0.18% |
| Tesla Inc |
No change
1,656
|
$327,689,000 | 0.18% |
| Jefferies Finl Group Inc |
40.59%
6,522
|
$324,521,000 | 0.18% |
| Energy Transfer L P |
2.00%
19,999
|
$324,370,000 | 0.18% |
| Texas Instrs Inc |
No change
1,600
|
$311,248,000 | 0.17% |
| Horizon Technology Fin Corp |
No change
25,000
|
$301,000,000 | 0.16% |
| Vanguard Whitehall Fds |
0.86%
2,474
|
$293,431,000 | 0.16% |
| Advent Conv & Income Fd |
18.05%
24,200
|
$288,464,000 | 0.16% |
| First Tr Inter Duratn Pfd & |
19.23%
15,500
|
$284,735,000 | 0.15% |
| Mcdonalds Corp |
0.20%
991
|
$252,477,000 | 0.14% |
| Crowdstrike Holdings Inc |
Opened
640
|
$245,306,000 | 0.13% |
| Chevron Corp. |
No change
1,550
|
$242,451,000 | 0.13% |
| Cohen & Steers Ltd Duration |
No change
11,800
|
$234,820,000 | 0.13% |
| Conocophillips |
0.55%
2,011
|
$230,025,000 | 0.12% |
| Norfolk Southn Corp |
Closed
895
|
$228,109,000 | |
| Comcast Corp New |
Closed
5,180
|
$224,581,000 | |
| Consolidated Edison, Inc. |
0.57%
2,478
|
$221,520,000 | 0.12% |
| Vertex Pharmaceuticals, Inc. |
Opened
472
|
$221,236,000 | 0.12% |
| Vici Pptys Inc |
0.01%
7,598
|
$217,618,000 | 0.12% |
| Prologis Inc |
0.10%
1,926
|
$216,283,000 | 0.12% |
| Colgate-Palmolive Co. |
Opened
2,167
|
$210,313,000 | 0.11% |
| Fedex Corp |
0.29%
701
|
$210,088,000 | 0.11% |
| Shopify Inc |
Closed
2,640
|
$203,729,000 | |
| Cemex Sab De Cv |
Opened
31,707
|
$202,607,000 | 0.11% |
| Abrdn Total Dynamic Dividend |
No change
22,300
|
$187,543,000 | 0.10% |
| abrdn World Healthcare Fund |
No change
12,200
|
$160,186,000 | 0.09% |
| Ford Mtr Co Del |
Closed
11,444
|
$151,986,000 | |
| Rithm Capital Corp |
No change
13,000
|
$141,830,000 | 0.08% |
| Allspring Global Dividend Op |
No change
28,500
|
$138,510,000 | 0.07% |
| Kayne Anderson Energy Infrst |
2.31%
11,565
|
$119,461,000 | 0.06% |
| Nuveen Mun High Income Oppor |
No change
10,500
|
$113,295,000 | 0.06% |
| Saba Capital Income & Oprnt |
3.67%
13,903
|
$97,876,000 | 0.05% |
| Cbre Gbl Real Estate Inc Fd |
12.90%
17,500
|
$88,200,000 | 0.05% |
| Voya Glbl Eqty Div & Prem Op |
No change
16,000
|
$82,240,000 | 0.04% |
| Prospect Cap Corp |
No change
14,000
|
$77,420,000 | 0.04% |
| Commercial Veh Group Inc |
No change
13,000
|
$63,700,000 | 0.03% |
| Virtus Convertible & Income |
No change
14,000
|
$45,780,000 | 0.02% |
| Oramed Pharmaceuticals, Inc |
No change
16,750
|
$43,048,000 | 0.02% |
| Cutera Inc |
No change
23,500
|
$35,485,000 | 0.02% |
| Amarin Corp Plc |
No change
13,000
|
$8,944,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 108 holdings | |||
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