Sage Advisory Services, Ltd.Co.

Registered adviser

CIK

1534378

Location

AUSTIN, TX

Portfolio Value

Small $172,459,841

Diversification

Moderately concentrated

Filing Date

Global Rank

#6,490 / 8,827 ▲ 96 · as of Jun 2026

3Y Alpha vs SPY

-11.5%

Period ended 38 days ago

Filed Oct 29, 2026 · 9d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 106236

Roster of Nov 1, 2026

Regulatory AUM

$28,427,771,682

Main clients

Diversified

LEI

549300SKL8ZTWD7IT150

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$28,427,771,682	Diversified
Apr 2025 to Mar 2026	$24,975,056,606	Diversified
Apr 2024 to Mar 2025	$22,693,997,435	Diversified
May 2023 to Mar 2024	$15,322,865,201	Diversified
Apr 2023	$15,322,865,201	Diversified
Apr 2022 to Mar 2023	$15,091,535,736	Diversified

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 93.4% of the book (60%+)

Turnover

Medium turnover

54.7% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 12.2 quarters (12+), a floor since 28.4% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 94.1%; sector active share 87.0% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

42 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

31.7%

−1.9 pts

Top 5

83.5%

+1.1 pts

Top 10

95.9%

+2.5 pts

HHI

1,800

Moderately concentrated−84

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	100.0%	$172,459,841	42

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
CARY	Angel Oak Income ETF	+513,594	787,954	$15,853,634
JBBB	Janus Henderson B-BBB CLO ETF	+95,508	101,253	$4,780,154
JAAA	Janus Henderson AAA CLO ETF	+75,505	153,032	$7,723,525
SRLN	State Street(R) Blackstone Senior Loan ETF	+56,180	99,045	$4,000,427
IEFA	iShares Core MSCI EAFE ETF	+40,228	94,133	$9,119,605
JPST	JPMorgan Ultra-Short Income ETF	+2,420	58,581	$2,950,724
GSY	Invesco Ultra Short Duration ETF	+1,965	60,055	$2,998,546
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
FLBL	Franklin Senior Loan ETF	−351,150	342,983	$7,888,609
JMBS	Janus Henderson Mortgage-Backed Securities ETF	−103,425	152,949	$6,463,624
USHY	iShares Broad USD High Yield Corporate Bond ETF	−73,974	13,096	$467,789
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	−62,719	167,207	$20,579,837
HYLB	Xtrackers USD High Yield Corporate Bond ETF	−60,790	64,045	$2,255,664
JSI	Janus Henderson Securitized Income ETF	−45,534	66,627	$3,326,019
IEMG	iShares Trust	−43,527	60,103	$0
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	−28,785	261,262	$13,117,965
IEF	iShares 7-10 Year Treasury Bond ETF	−26,890	9,973	$890,688
PSK	State Street(R) SPDR(R) ICE Preferred Securities ETF	−15,663	357,196	$10,122,934
IHF	iShares U.S. Healthcare Providers ETF	−13,452	84,646	$4,646,218
KBE	State Street(R) SPDR(R) S&P(R) Bank ETF	−8,111	70,710	$4,470,286
RSPN	Victory Portfolios II	−4,956	61,629	$0
IGV	iShares Expanded Tech-Software Sector ETF	−4,170	38,068	$4,053,480
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	−3,376	54,779	$2,835,361
IVV	iShares Core S&P 500 ETF	−3,000	37,668	$28,848,037
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	−1,145	17,703	$3,135,378
MBB	iShares MBS ETF	−1,085	3,604	$322,990
EMLC	VanEck J.P. Morgan EM Local Currency Bond ETF	−1,013	45,927	$1,140,367
—		−789	9,198	$0
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	−642	30,274	$1,550,937
HYFI	AB High Yield ETF	−590	6,845	$247,104
DIVO	Amplify CWP Enhanced Dividend Income ETF	−403	4,743	$220,502
TLT	iShares 20+ Year Treasury Bond ETF	−352	5,882	$457,501
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	−20	2,687	$244,087
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
EUSA	iShares Trust	24,637	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
XLY	State Street(R) Consumer Discretionary Select Sector SPDR(R) ETF	25,997	$3,048,928
REM	iShares Mortgage Real Estate ETF	10,385	$228,989
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	4,292	$228,205
FBP	First Bancorp	7,834	$204,232
NUSC	Nuveen ESG Small-Cap ETF	3,892	$202,851
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

42 tracked positions · $172,459,841 total · filing declares 42 positions · $185,674,000 · as of Sep 30, 2026

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IVV	iShares Core S&P 500 ETF	Reduced	37,668	-3,000	$28,848,037	−5.3%	16.73%
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	Reduced	167,207	-62,719	$20,579,837	−24.8%	11.93%
CARY	Angel Oak Income ETF	Added	787,954	+513,594	$15,853,634	+178.1%	9.19%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	Reduced	261,262	-28,785	$13,117,965	−10.2%	7.61%
PSK	State Street(R) SPDR(R) ICE Preferred Securities ETF	Reduced	357,196	-15,663	$10,122,934	−11.1%	5.87%
IEFA	iShares Core MSCI EAFE ETF	Added	94,133	+40,228	$9,119,605	+75.2%	5.29%
FLBL	Franklin Senior Loan ETF	Reduced	342,983	-351,150	$7,888,609	−50.4%	4.57%
JAAA	Janus Henderson AAA CLO ETF	Added	153,032	+75,505	$7,723,525	+97.3%	4.48%
JMBS	Janus Henderson Mortgage-Backed Securities ETF	Reduced	152,949	-103,425	$6,463,624	−44.0%	3.75%
JBBB	Janus Henderson B-BBB CLO ETF	Added	101,253	+95,508	$4,780,154	+1657.2%	2.77%
IHF	iShares U.S. Healthcare Providers ETF	Reduced	84,646	-13,452	$4,646,218	−14.4%	2.69%
KBE	State Street(R) SPDR(R) S&P(R) Bank ETF	Reduced	70,710	-8,111	$4,470,286	−16.9%	2.59%
IGV	iShares Expanded Tech-Software Sector ETF	Reduced	38,068	-4,170	$4,053,480	+5.9%	2.35%
SRLN	State Street(R) Blackstone Senior Loan ETF	Added	99,045	+56,180	$4,000,427	+131.6%	2.32%
JSI	Janus Henderson Securitized Income ETF	Reduced	66,627	-45,534	$3,326,019	−42.1%	1.93%
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	Reduced	17,703	-1,145	$3,135,378	−13.2%	1.82%
GSY	Invesco Ultra Short Duration ETF	Added	60,055	+1,965	$2,998,546	+2.9%	1.74%
JPST	JPMorgan Ultra-Short Income ETF	Added	58,581	+2,420	$2,950,724	+3.9%	1.71%
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	Reduced	54,779	-3,376	$2,835,361	−5.8%	1.64%
HYLB	Xtrackers USD High Yield Corporate Bond ETF	Reduced	64,045	-60,790	$2,255,664	−50.5%	1.31%
ESGD	iShares ESG Aware MSCI EAFE ETF	Reduced	15,256	-6	$1,572,130	+0.2%	0.91%
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	Reduced	30,274	-642	$1,550,937	−4.3%	0.90%
SHV	iShares 0-1 Year Treasury Bond ETF	Held	12,078	0	$1,332,444	−0.0%	0.77%
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	Held	28,650	0	$1,181,812	−2.7%	0.69%
EMLC	VanEck J.P. Morgan EM Local Currency Bond ETF	Reduced	45,927	-1,013	$1,140,367	−5.0%	0.66%
SNPE	Xtrackers S&P 500 Scored & Screened ETF	Reduced	15,244	-7	$1,066,012	+1.5%	0.62%
VOTE	TCW Transform 500 ETF	Reduced	10,356	-5	$932,640	+2.1%	0.54%
IEF	iShares 7-10 Year Treasury Bond ETF	Reduced	9,973	-26,890	$890,688	−74.5%	0.52%
HYEM	VanEck Emerging Markets High Yield Bond ETF	Held	44,310	0	$860,057	−3.5%	0.50%
NULV	Nuveen ESG Large-Cap Value ETF	Reduced	15,247	-7	$802,754	+5.3%	0.47%
USHY	iShares Broad USD High Yield Corporate Bond ETF	Reduced	13,096	-73,974	$467,789	−85.5%	0.27%
TLT	iShares 20+ Year Treasury Bond ETF	Reduced	5,882	-352	$457,501	−15.1%	0.27%
MBB	iShares MBS ETF	Reduced	3,604	-1,085	$322,990	−27.1%	0.19%
HYFI	AB High Yield ETF	Reduced	6,845	-590	$247,104	−11.0%	0.14%
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	Reduced	2,687	-20	$244,087	−6.5%	0.14%
DIVO	Amplify CWP Enhanced Dividend Income ETF	Reduced	4,743	-403	$220,502	−6.2%	0.13%
RSPN	Victory Portfolios II	Reduced	61,629	-4,956	$0	−100.0%	0.00%
		Reduced	11,693	-6	$0	−100.0%	0.00%
		Reduced	9,198	-789	$0	−100.0%	0.00%
ESGE	iShares Trust	Reduced	13,635	-4	$0	−100.0%	0.00%
EUSA	iShares Trust	NEW	24,637	NEW	$0	NEW	0.00%
IEMG	iShares Trust	Reduced	60,103	-43,527	$0	−100.0%	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.