Sage Investment Counsel LLC

The portfolio consists of 123 holdings, reflecting a diversified approach. However, the turnover rate was exceptionally high this quarter. The firm executed 27 new buys and 27 complete exits, alongside 7 increases and 6 reductions. This indicates a substantial restructuring of the portfolio, with approximately 44% of the holdings from the previous quarter being replaced. The strategy appears to blend active stock selection with passive exposure, as evidenced by the allocation toward individual equities alongside a suite of Vanguard and Invesco ETFs.

2. Key Holdings