Sage Advisory Services, Ltd.Co. — 13F Holdings & Portfolio
CIK 1534378 · latest 13F-HR filed 2026-07-22
Sage Advisory Services, Ltd.Co. manages $203.2M in 13F-reported U.S. long-equity assets across 46 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IVV (14.98%), SPYG (13.46%), FLBL (7.83%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 7 new positions and exited 3; 22 existing positions rose in reported value and 6 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$203.2M
Long-equity book
Holdings
46
Distinct positions
Period
2026-06-30
Filed 2026-07-22
Q/Q Activity
+7 / −3 / ↑22 / ↓6
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26IVV15.0% · +25%SPYG13.5% · +5%FLBL7.8% · -3%SPDW7.2% · +2%JMBS5.7% · +8%PSK5.6% · +8%IEMG4.2% · -2%JSI2.8% · +8%CARY2.8% · +7%IHF2.7% · -6%KBE2.6% · -36%IEFA2.6% · -14%HYLB2.2% · newRSPN2.1% · -38%JAAA1.9% · +4%IGV1.9% · newGRID1.8% · -2%IEF1.7% · -14%USHY1.6% · -41%XLY1.5% · +4%SPEM1.5% · newGSY1.4% · +11%JPST1.4% · +8%SRLN0.8% · -34%IGSB0.8% · +2%ESGD0.8% · +4%SHV0.7% · 0%SHYG0.6% · 0%EMLC0.6% · +1%SNPE0.5% · newVOTE0.5% · -2%HYEM0.4% · 0%EFIV0.4% · -2%NULV0.4% · +1%ESGE0.4% · -3%TLT0.3% · +6%SPYD0.2% · +2%MBB0.2% · +10%HYFI0.1% · 0%JBBB0.1% · newEMB0.1% · 0%DIVO0.1% · +0%REM0.1% · 0%IGIB0.1% · +9%FBP0.1% · newNUSC0.1% · new
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 67.3%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 30, 2026.
Assets Under Management
$28.43B
Discretionary
$28.29B
Employees
58
Accounts
14,363
Address
5900 SOUTHWEST PARKWAY
BUILDING 1, SUITE 100
AUSTIN, TX 78735-6202
BUILDING 1, SUITE 100
AUSTIN, TX 78735-6202
Phone
(512) 327-5530
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| MOSER, ROBERT, WAYNE Control | EXECUTIVE COMMITTEE MEMBER since Apr 2021 | Less than 5% | Individual |
| SLAIS, JOHN, ROBERT Control | CHIEF FINANCIAL OFFICER since Jun 2013 | Less than 5% | Individual |
| SMITH, ROBERT, G Control | PRESIDENT AND CO-CHIEF INVESTMENT OFFICER since Sep 1996 | 25–50% | Individual |
| ULOTH, WADE, THOMAS Control | CHIEF COMPLIANCE OFFICER since Mar 2020 | Less than 5% | Individual |
| URANO, THOMAS, HIDEO Control | CO-CHIEF INVESTMENT OFFICER since Jan 2007 | 10–25% | Individual |
| WALTON, MICHAEL, DAVID Control | EXECUTIVE COMMITTEE MEMBER since Jan 2016 | 5–10% | Individual |
| WILLIAMS, ROBERT, DONALD Control | EXECUTIVE COMMITTEE MEMBER since Jan 2007 | 10–25% | Individual |
| DEMAND, ANDREW, KEMETT | VICE PRESIDENT since Aug 2021 | Less than 5% | Individual |
| FINLEY, LEONARD, DUSTIN | VICE PRESIDENT since Aug 2021 | Less than 5% | Individual |
| HENRY, SETH, BARTLETT | VICE PRESIDENT since Aug 2021 | Less than 5% | Individual |
| Hartman, ALLISON, CLAIRE | VICE PRESIDENT since Aug 2021 | Less than 5% | Individual |
| KRASAN, SEAN, CONAN | VICE PRESIDENT since May 2004 | 5–10% | Individual |
| KUDU INVESTMENT US, LLC | MEMBER CLASS A INTERESTS since Dec 2023 | 25–50% | Domestic Entity |
| Ladd, Richard, Cameron | VICE PRESIDENT since Aug 2021 | Less than 5% | Individual |
| PECK, JR., ROBERT, CHARLES | VICE PRESIDENT since May 2004 | 10–25% | Individual |
| Silapachai, komson | VICE PRESIDENT since Aug 2021 | Less than 5% | Individual |
| TIMLIN, JEFFERY, SCOTT | VICE PRESIDENT since Jul 2009 | 5–10% | Individual |
| KUDU INVESTMENT HOLDINGS, LLC Control Indirect owner via KUDU INVESTMENT US, LLC | MEMBER since Dec 2023 | 75% or more | Domestic Entity |
| WHITE MOUNTAINS INSURANCE GROUP, LTD Control Indirect owner via WM HINSON (BERMUDA), LTD | SHAREHOLDER since Dec 2023 | 75% or more | Foreign Entity |
| WM HINSON (BERMUDA), LTD Control Indirect owner via WM INTERNATIONAL HOLDINGS LTD | SHAREHOLDER since Dec 2023 | 75% or more | Foreign Entity |
| WM INTERNATIONAL HOLDINGS LTD Control Indirect owner via WM REGENT, LTD | SHAREHOLDER since Dec 2023 | 75% or more | Foreign Entity |
| WM REGENT, LTD Control Indirect owner via KUDU INVESTMENT HOLDINGS, LLC | SHAREHOLDER since Dec 2023 | 75% or more | Foreign Entity |
Ownership & leadership changes · 7 filings with changes since Mar 31, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Jan 5, 2024 filing
- AddedKUDU INVESTMENT HOLDINGS, LLC · MEMBER · 75% or more · indirect via KUDU INVESTMENT US, LLC · control person
- AddedKUDU INVESTMENT US, LLC · MEMBER CLASS A INTERESTS · 25–50%
- AddedWHITE MOUNTAINS INSURANCE GROUP, LTD · SHAREHOLDER · 75% or more · indirect via WM HINSON (BERMUDA), LTD · control person
- AddedWM HINSON (BERMUDA), LTD · SHAREHOLDER · 75% or more · indirect via WM INTERNATIONAL HOLDINGS LTD · control person
- AddedWM INTERNATIONAL HOLDINGS LTD · SHAREHOLDER · 75% or more · indirect via WM REGENT, LTD · control person
- AddedWM REGENT, LTD · SHAREHOLDER · 75% or more · indirect via KUDU INVESTMENT HOLDINGS, LLC · control person
- ChangedDEMAND, ANDREW, KEMETT · no longer a control person
- ChangedFINLEY, LEONARD, DUSTIN · no longer a control person
- ChangedHENRY, SETH, BARTLETT · no longer a control person
- ChangedHartman, ALLISON, CLAIRE · no longer a control person
- ChangedKRASAN, SEAN, CONAN · no longer a control person
- ChangedLadd, Richard, Cameron · no longer a control person
- ChangedMOSER, ROBERT, WAYNE · title VICE PRESIDENT → EXECUTIVE COMMITTEE MEMBER
- ChangedPECK, JR., ROBERT, CHARLES · no longer a control person
- ChangedSMITH, ROBERT, G · title PRESIDENT AND CHIEF INVESTMENT OFFICER → PRESIDENT AND CO-CHIEF INVESTMENT OFFICER; ownership 50–75% → 25–50%
- ChangedSilapachai, komson · no longer a control person
- ChangedTIMLIN, JEFFERY, SCOTT · ownership Less than 5% → 5–10%; no longer a control person
- ChangedULOTH, WADE, THOMAS · now a control person
- ChangedURANO, THOMAS, HIDEO · title VICE PRESIDENT → CO-CHIEF INVESTMENT OFFICER; ownership 5–10% → 10–25%
- ChangedWALTON, MICHAEL, DAVID · title VICE PRESIDENT → EXECUTIVE COMMITTEE MEMBER; ownership Less than 5% → 5–10%
- ChangedWILLIAMS, ROBERT, DONALD · title VICE PRESIDENT → EXECUTIVE COMMITTEE MEMBER; ownership 5–10% → 10–25%
Mar 29, 2022 filing
- No longer listedFIGARO, GREGORY, JOSEPH · VICE PRESIDENT · Less than 5% · control person · listed since Jan 2007
- AddedDEMAND, ANDREW, KEMETT · VICE PRESIDENT · Less than 5% · control person
- AddedFINLEY, LEONARD, DUSTIN · VICE PRESIDENT · Less than 5% · control person
- AddedHENRY, SETH, BARTLETT · VICE PRESIDENT · Less than 5% · control person
- AddedHartman, ALLISON, CLAIRE · VICE PRESIDENT · Less than 5% · control person
- AddedLadd, Richard, Cameron · VICE PRESIDENT · Less than 5% · control person
- AddedMOSER, ROBERT, WAYNE · VICE PRESIDENT · Less than 5% · control person
- AddedSilapachai, komson · VICE PRESIDENT · Less than 5% · control person
Mar 29, 2021 filing
- ChangedWALTON, MICHAEL, DAVID · now a control person
Oct 15, 2020 filing
- No longer listedMACQUEEN, MARK, CORDES · EXECUTIVE VICE PRESIDENT · 25–50% · control person · listed since Nov 1996
- ChangedPECK, JR., ROBERT, CHARLES · ownership 5–10% → 10–25%
- ChangedSMITH, ROBERT, G · ownership 25–50% → 50–75%
- ChangedURANO, THOMAS, HIDEO · ownership Less than 5% → 5–10%
- ChangedWILLIAMS, ROBERT, DONALD · ownership Less than 5% → 5–10%
Mar 26, 2020 filing
- AddedULOTH, WADE, THOMAS · CHIEF COMPLIANCE OFFICER · Less than 5%
- ChangedSLAIS, JOHN, ROBERT · title CFO, CCO → CHIEF FINANCIAL OFFICER
Mar 28, 2016 filing
- AddedWALTON, MICHAEL, DAVID · VICE PRESIDENT · Less than 5%
Jul 23, 2013 filing
- No longer listedWILLIAMS, RICHARD, BRENT · CHIEF COMPLIANCE OFFICER · 5–10% · control person · listed since Jan 2007
- AddedSLAIS, JOHN, ROBERT · CFO, CCO · Less than 5% · control person
Mar 31, 2012 filing (earliest on record)
- ListedFIGARO, GREGORY, JOSEPH · VICE PRESIDENT · Less than 5% · control person
- ListedKRASAN, SEAN, CONAN · VICE PRESIDENT · 5–10% · control person
- ListedMACQUEEN, MARK, CORDES · EXECUTIVE VICE PRESIDENT · 25–50% · control person
- ListedPECK, JR., ROBERT, CHARLES · VICE PRESIDENT · 5–10% · control person
- ListedSMITH, ROBERT, G · PRESIDENT AND CHIEF INVESTMENT OFFICER · 25–50% · control person
- ListedTIMLIN, JEFFERY, SCOTT · VICE PRESIDENT · Less than 5% · control person
- ListedURANO, THOMAS, HIDEO · VICE PRESIDENT · Less than 5% · control person
- ListedWILLIAMS, RICHARD, BRENT · CHIEF COMPLIANCE OFFICER · 5–10% · control person
- ListedWILLIAMS, ROBERT, DONALD · VICE PRESIDENT · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- ISHARES TR$9.2M +43.3%
- SPDR SERIES TRUST$6.0M +28.0%
- SPDR INDEX SHS FDS$1.7M +13.1%
- ISHARES INC$1.2M +16.0%
- ISHARES TR$1.0M +23.9%
Top Trims
- ISHARES TR-$2.2M -40.6%
- INVESCO EXCHANGE TRADED FD T-$2.0M -31.6%
- SPDR SERIES TRUST-$1.9M -26.2%
- SSGA ACTIVE ETF TR-$874.0K -33.6%
- ISHARES TR-$612.0K -14.9%
New Positions
- DBX ETF TR$4.6M
- ISHARES TR$3.8M
- SPDR INDEX SHS FDS$3.0M
- DBX ETF TR$1.1M
- JANUS DETROIT STR TR$272.0K
Sage Advisory Services, Ltd.Co. Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ISHARES TR | IVV | 464287200 | $30.5M | 14.98% | 40,668 | SH |
| 2 | SPDR SERIES TRUST | SPYG | 78464A409 | $27.4M | 13.46% | 229,926 | SH |
| 3 | FRANKLIN TEMPLETON ETF TR | FLBL | 35473P595 | $15.9M | 7.83% | 694,133 | SH |
| 4 | SPDR INDEX SHS FDS | SPDW | 78463X889 | $14.6M | 7.19% | 290,047 | SH |
| 5 | JANUS DETROIT STR TR | JMBS | 47103U852 | $11.5M | 5.67% | 256,374 | SH |
| 6 | SPDR SERIES TRUST | PSK | 78464A292 | $11.4M | 5.60% | 372,859 | SH |
| 7 | ISHARES INC | IEMG | 46434G103 | $8.6M | 4.22% | 103,630 | SH |
| 8 | JANUS DETROIT STR TR | JSI | 47103U746 | $5.7M | 2.83% | 112,161 | SH |
| 9 | ANGEL OAK FUNDS TRUST | CARY | 03463K760 | $5.7M | 2.81% | 274,360 | SH |
| 10 | ISHARES TR | IHF | 464288828 | $5.4M | 2.67% | 98,098 | SH |
| 11 | SPDR SERIES TRUST | KBE | 78464A797 | $5.4M | 2.65% | 78,821 | SH |
| 12 | ISHARES TR | IEFA | 46432F842 | $5.2M | 2.56% | 53,905 | SH |
| 13 | DBX ETF TR | HYLB | 233051432 | $4.6M | 2.24% | 124,835 | SH |
| 14 | INVESCO EXCHANGE TRADED FD T | RSPN | 46137V324 | $4.3M | 2.10% | 66,585 | SH |
| 15 | JANUS DETROIT STR TR | JAAA | 47103U845 | $3.9M | 1.93% | 77,527 | SH |
| 16 | ISHARES TR | IGV | 464287515 | $3.8M | 1.88% | 42,238 | SH |
| 17 | FIRST TR EXCHANGE-TRADED FD | GRID | 33737A108 | $3.6M | 1.78% | 18,848 | SH |
| 18 | ISHARES TR | IEF | 464287440 | $3.5M | 1.72% | 36,863 | SH |
| 19 | ISHARES TR | USHY | 46435U853 | $3.2M | 1.59% | 87,070 | SH |
| 20 | SELECT SECTOR SPDR TR | XLY | 81369Y407 | $3.0M | 1.50% | 25,997 | SH |
| 21 | SPDR INDEX SHS FDS | SPEM | 78463X509 | $3.0M | 1.48% | 58,155 | SH |
| 22 | INVESCO ACTIVELY MANAGED EXC | GSY | 46090A887 | $2.9M | 1.43% | 58,090 | SH |
| 23 | J P MORGAN EXCHANGE TRADED F | JPST | 46641Q837 | $2.8M | 1.40% | 56,161 | SH |
| 24 | SSGA ACTIVE ETF TR | SRLN | 78467V608 | $1.7M | 0.85% | 42,865 | SH |
| 25 | ISHARES TR | IGSB | 464288646 | $1.6M | 0.80% | 30,916 | SH |
| 26 | ISHARES TR | ESGD | 46435G516 | $1.6M | 0.77% | 15,262 | SH |
| 27 | ISHARES TR | SHV | 464288679 | $1.3M | 0.66% | 12,078 | SH |
| 28 | ISHARES TR | SHYG | 46434V407 | $1.2M | 0.60% | 28,650 | SH |
| 29 | VANECK ETF TRUST | EMLC | 92189H300 | $1.2M | 0.59% | 46,940 | SH |
| 30 | DBX ETF TR | SNPE | 233051143 | $1.1M | 0.52% | 15,251 | SH |
| 31 | TCW ETF TRUST | VOTE | 29287L106 | $914.0K | 0.45% | 10,361 | SH |
| 32 | VANECK ETF TRUST | HYEM | 92189F353 | $891.0K | 0.44% | 44,310 | SH |
| 33 | SPDR SERIES TRUST | EFIV | 78468R531 | $853.0K | 0.42% | 11,699 | SH |
| 34 | NUSHARES ETF TR | NULV | 67092P300 | $763.0K | 0.38% | 15,254 | SH |
| 35 | ISHARES INC | ESGE | 46434G863 | $746.0K | 0.37% | 13,639 | SH |
| 36 | ISHARES TR | TLT | 464287432 | $539.0K | 0.27% | 6,234 | SH |
| 37 | SPDR SERIES TRUST | SPYD | 78468R788 | $476.0K | 0.23% | 9,987 | SH |
| 38 | ISHARES TR | MBB | 464288588 | $443.0K | 0.22% | 4,689 | SH |
| 39 | AB ACTIVE ETFS INC | HYFI | 00039J608 | $278.0K | 0.14% | 7,435 | SH |
| 40 | JANUS DETROIT STR TR | JBBB | 47103U753 | $272.0K | 0.13% | 5,745 | SH |
| 41 | ISHARES TR | EMB | 464288281 | $261.0K | 0.13% | 2,707 | SH |
| 42 | AMPLIFY ETF TR | DIVO | 032108409 | $235.0K | 0.12% | 5,146 | SH |
| 43 | ISHARES TR | REM | 46435G342 | $229.0K | 0.11% | 10,385 | SH |
| 44 | ISHARES TR | IGIB | 464288638 | $228.0K | 0.11% | 4,292 | SH |
| 45 | FIRST BANCORP CORPORATION | FBP | 318672706 | $204.0K | 0.10% | 7,834 | SH |
| 46 | NUSHARES ETF TR | NUSC | 67092P607 | $203.0K | 0.10% | 3,892 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-22 | $203.2M | 46 | 0001214659-26-008799 |
| 2026-03-31 | 2026-05-07 | $182.6M | 42 | 0001214659-26-005700 |
| 2025-12-31 | 2026-01-28 | $183.6M | 45 | 0001214659-26-000904 |
Filer Information
Address
5900 SOUTHWEST PARKWAY#1, SUITE 100
AUSTIN, TX 78735
Phone
(512) 327-5530
Filing Manager
Sage Advisory Services, Ltd.Co.
AUSTIN, TX
Signatory
Wade T. Uloth
CCO