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Sage Investment Counsel LLC — 13F Holdings & Portfolio

CIK 2055178 · latest 13F-HR filed 2026-07-22

Backtest portfolio

Sage Investment Counsel LLC manages $99.9M in 13F-reported U.S. long-equity assets across 126 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are PNFP (7.57%), AAPL (5.55%), BRK.A (3.00%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 10 new positions and exited 11; 70 existing positions rose in reported value and 18 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
$99.9M

Long-equity book

Holdings
126

Distinct positions

Period
2026-06-30

Filed 2026-07-22

Q/Q Activity
+10 / −11 / ↑70 / ↓18

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
PNFP7.6% · 0%AAPL5.5% · -0%BRK.A3.0% · 0%V2.8% · +14%ET2.6% · 0%BN2.4% · +0%BRK.B2.1% · 0%CAT2.1% · -0%TFSL2.1% · +0%HHH2.1% · +6%SPHQ2.1% · +2%MSFT2.0% · +71%SNX1.9% · -21%UBER1.9% · +3%BAC1.8% · -0%CB1.8% · -0%SLM1.8% · +15%JPM1.8% · 0%VT1.6% · 0%AMZN1.6% · +0%DG1.4% · +9%RYAAY1.4% · -0%BIP1.4% · 0%LEN1.4% · +6%VTI1.4% · +0%PS1.2% · newEUSA1.2% · +1%ENB1.2% · -15%VOO1.2% · +0%META1.1% · +159%O1.0% · +0%XOM1.0% · 0%EPD1.0% · +0%VCLT0.8% · +5%VBR0.8% · +2%OMAB0.8% · 0%DVA0.8% · 0%BEP0.8% · 0%OMF0.8% · 0%USB0.7% · +0%PAC0.7% · 0%VNQ0.6% · -0%VXUS0.6% · +1%HD0.6% · -2%FLG0.6% · 0%AZO0.6% · -8%CSCO0.6% · -13%CNQ0.5% · 0%FCX0.5% · 0%ABEV0.5% · 0%VCIT0.5% · +6%HR0.5% · +0%VWO0.5% · +0%FDX0.5% · 0%COF0.5% · -2%SCHD0.5% · -2%SU0.5% · -2%BXSL0.4% · 0%TSLX0.4% · 0%RITM0.4% · 0%

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 value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated 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 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 32.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 3, 2026.

Assets Under Management
$164.6M
Discretionary
$164.6M
Employees
4
Accounts
227
Address
142 5TH AVENUE NORTH
SUITE A
FRANKLIN, TN 37064
Phone
(615) 591-1210
Website
Name Title / Status Ownership Type
CALVIN, WILLIAM, DIRK ControlMEMBER/CHIEF EXECUTIVE OFFICER
since Jan 2021
75% or moreIndividual
Calvin, Jackson, Gunn ControlMEMBER/CHIEF COMPLIANCE OFFICER/CHIEF FINANCIAL OFFICER
since Feb 2022
5–10%Individual
Ownership & leadership changes · 2 filings with changes since May 5, 2021

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.

Oct 11, 2022 filing
  • ChangedCALVIN, WILLIAM, DIRK · title MEMBER/PRESIDENT/CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER → MEMBER/CHIEF EXECUTIVE OFFICER
  • ChangedCalvin, Jackson, Gunn · title MEMBER/VICE PRESIDENT/CHIEF COMPLIANCE OFFICER/CHIEF FINANCIAL OFFICER → MEMBER/CHIEF COMPLIANCE OFFICER/CHIEF FINANCIAL OFFICER
Mar 15, 2022 filing
  • AddedCalvin, Jackson, Gunn · MEMBER/VICE PRESIDENT/CHIEF COMPLIANCE OFFICER/CHIEF FINANCIAL OFFICER · 5–10% · control person
  • ChangedCALVIN, WILLIAM, DIRK · title MEMBER/CHIEF COMPLIANCE OFFICER/CHIEF INVESTMENT OFFICER/CHIEF OPERATING OFFICER → MEMBER/PRESIDENT/CHIEF EXECUTIVE OFFICER/CHIEF INVESTMENT OFFICER
May 5, 2021 filing (earliest on record)
  • ListedCALVIN, WILLIAM, DIRK · MEMBER/CHIEF COMPLIANCE OFFICER/CHIEF INVESTMENT OFFICER/CHIEF OPERATING OFFICER · 75% or more · 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.

Sage Investment Counsel LLC 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 PINNACLE FINL PARTNERS INC PNFP 72348N109 $7.6M 7.57% 74,936 SH
2 APPLE INC AAPL 037833100 $5.5M 5.55% 19,142 SH
3 BERKSHIRE HATHAWAY INC DEL BRK.A 084670108 $3.0M 3.00% 4 SH
4 VISA INC V 92826C839 $2.8M 2.76% 8,028 SH
5 ENERGY TRANSFER L P ET 29273V100 $2.6M 2.58% 134,810 SH
6 BROOKFIELD CORP BN 11271J107 $2.4M 2.37% 55,478 SH
7 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $2.1M 2.15% 4,290 SH
8 CATERPILLAR INC CAT 149123101 $2.1M 2.13% 2,001 SH
9 TFS FINL CORP TFSL 87240R107 $2.1M 2.08% 116,998 SH
10 HOWARD HUGHES HOLDINGS INC HHH 44267T102 $2.1M 2.06% 28,778 SH
11 INVESCO EXCHANGE TRADED FD T SPHQ 46137V241 $2.0M 2.05% 22,745 SH
12 MICROSOFT CORP MSFT 594918104 $2.0M 2.03% 5,423 SH
13 TD SYNNEX CORPORATION SNX 87162W100 $1.9M 1.91% 7,123 SH
14 UBER TECHNOLOGIES INC UBER 90353T100 $1.9M 1.89% 26,086 SH
15 BANK OF AMER CORP BAC 060505104 $1.8M 1.84% 32,279 SH
16 CHUBB LIMITED CB H1467J104 $1.8M 1.82% 5,330 SH
17 SLM CORP SLM 78442P106 $1.8M 1.75% 67,512 SH
18 JPMORGAN CHASE & CO JPM 46625H100 $1.7M 1.75% 5,342 SH
19 VANGUARD INTL EQUITY INDEX F VT 922042742 $1.6M 1.61% 10,260 SH
20 AMAZON COM INC AMZN 023135106 $1.6M 1.59% 6,682 SH
21 DOLLAR GEN CORP DG 256677105 $1.4M 1.44% 12,455 SH
22 RYANAIR HOLDINGS PLC RYAAY 783513203 $1.4M 1.40% 21,549 SH
23 BROOKFIELD INFRASTRUCTURE PA BIP G16252101 $1.4M 1.38% 37,803 SH
24 LENNAR CORP LEN 526057104 $1.4M 1.38% 15,208 SH
25 VANGUARD INDEX FDS VTI 922908769 $1.4M 1.37% 3,706 SH
26 PERSHING SQUARE INC PS 71531U102 $1.2M 1.24% 37,770 SH
27 ISHARES INC EUSA 464286681 $1.2M 1.24% 10,812 SH
28 ENBRIDGE INC ENB 29250N105 $1.2M 1.24% 22,767 SH
29 VANGUARD INDEX FDS VOO 922908363 $1.2M 1.20% 1,752 SH
30 META PLATFORMS INC META 30303M102 $1.1M 1.09% 1,925 SH
31 REALTY INCOME CORP O 756109104 $1.0M 1.03% 16,626 SH
32 EXXON MOBIL CORP XOM 30231G102 $1.0M 1.01% 7,377 SH
33 ENTERPRISE PRODS PARTNERS L EPD 293792107 $969.4K 0.97% 26,372 SH
34 VANGUARD SCOTTSDALE FDS VCLT 92206C813 $804.4K 0.81% 10,690 SH
35 VANGUARD INDEX FDS VBR 922908611 $800.3K 0.80% 3,293 SH
36 GRUPO AEROPORTUARIO DEL CENT OMAB 400501102 $791.6K 0.79% 7,000 SH
37 DAVITA INC DVA 23918K108 $790.9K 0.79% 3,555 SH
38 BROOKFIELD RENEWABLE ENERGY BEP G16258108 $761.5K 0.76% 21,925 SH
39 ONEMAIN HLDGS INC OMF 68268W103 $750.2K 0.75% 12,304 SH
40 US BANCORP USB 902973304 $728.1K 0.73% 12,055 SH
41 GRUPO AEROPORTUNARIO DEL PAC PAC 400506101 $693.7K 0.69% 2,740 SH
42 VANGUARD INDEX FDS VNQ 922908553 $648.3K 0.65% 6,723 SH
43 VANGUARD STAR FDS VXUS 921909768 $646.8K 0.65% 7,566 SH
44 HOME DEPOT INC HD 437076102 $638.7K 0.64% 1,811 SH
45 FLAGSTAR BANK NATIONAL ASSOC FLG 649445400 $618.5K 0.62% 41,400 SH
46 AUTOZONE INC AZO 053332102 $604.0K 0.60% 189 SH
47 CISCO SYS INC CSCO 17275R102 $600.4K 0.60% 5,111 SH
48 CANADIAN NAT RES LTD MED TER CNQ 136385101 $545.1K 0.55% 13,800 SH
49 FREEPORT MCMORAN INC FCX 35671D857 $522.0K 0.52% 8,300 SH
50 AMBEV SA ABEV 02319V103 $519.7K 0.52% 165,500 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-22 $99.9M 126 0002055178-26-000003
2026-03-31 2026-04-24 $90.1M 127 0002055178-26-000002
2025-12-31 2026-01-23 $90.9M 123 0002055178-26-000001
Filer Information
Address
142 5TH AVENUE NORTH
SUITE A
FRANKLIN, TN 37064
Phone
(615) 591-1210
Filing Manager
Sage Investment Counsel LLC
Franklin, TN
Signatory
Jackson Calvin
Partner