SAGE ADVISORS, LLC

Key Holdings

The portfolio is highly concentrated in its top positions, with the top three holdings accounting for approximately 43.6% of the total portfolio value.

1. BLUE OWL CAPITAL CORPORATION (OBDC) - 16.99%: This is the largest position, valued at $25.63M. Despite a reduction of 6.4% (approx. $2.51M) during the quarter, it remains the anchor of the portfolio. OBDC is a Business Development Company (BDC) that typically offers high yields, indicating a strong focus on income generation.
2. ELI LILLY & CO (LLY) - 13.82%: A new position and the second-largest holding, valued at $20.85M. This represents a massive bet on the healthcare sector, specifically on pharmaceutical growth (likely driven by weight management and diabetes drugs).
3. ARES CAPITAL CORP (ARCC) - 12.82%: Valued at $19.33M, this is another major BDC position. Similar to OBDC, it provides high current income. Despite a 7.6% reduction this quarter, it remains a core pillar of the strategy.