SMA

Sage Mountain Advisors Portfolio holdings

AUM $1.36B

AUM

$1.36B

AUM Growth

-$12.1M (-0.9%)

Cap. Flow

+$28.3M

Cap. Flow % of AUM

2.09%

Top 10 Holdings %Top 10 Hldgs %

56.85%

Holding

520

New

Increased

168

Reduced

139

Closed

Top Buys

1	Janus Henderson AAA CLO ETF JAAA	$7.2M
2	KBDC Kayne Anderson BDC KBDC	$5.48M
3	Vanguard Total Stock Market ETF VTI	$5.46M
4	JPMorgan US Quality Factor ETF JQUA	$5.2M
5	Vanguard Short-Term Treasury ETF VGSH	$4.99M

Top Sells

1	VanEck High Yield Muni ETF HYD	$11.9M
2	iShares MSCI USA Quality Factor ETF QUAL	$5.11M
3	SPDR S&P 500 ETF Trust SPY	$4.61M
4	Vanguard S&P 500 ETF VOO	$1.82M
5	Vanguard FTSE Developed Markets ETF VEA	$1.79M

Sector Composition

1	Financials	8.86%
2	Technology	8.35%
3	Industrials	2.75%
4	Healthcare	2.38%
5	Consumer Discretionary	2.38%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Janus Henderson AAA CLO ETF JAAA $20.8B	$213M	15.69%	4,196,707 +142,018	+4%	+$7.2M
2	2 JPMorgan US Quality Factor ETF JQUA $6.11B	$141M	10.39%	2,496,255 +92,100	+4%	+$5.2M
3	3 Vanguard Total Stock Market ETF VTI $471B	$109M	8.05%	397,465 +19,867	+5%	+$5.46M
4	4 iShares MSCI USA Quality Factor ETF QUAL $50.5B	$95.4M	7.03%	558,227 -29,914	-5%	-$5.11M
5	5 iShares MSCI Intl Quality Factor ETF IQLT $11.6B	$49.1M	3.62%	1,237,347 +46,046	+4%	+$1.83M
6	6 Vanguard S&P 500 ETF VOO $654B	$42.4M	3.13%	82,564 -3,551	-4%	-$1.82M
7	7 Golub Capital BDC GBDC $4.04B	$41.6M	3.06%	2,746,062 +236,613	+9%	+$3.58M
8	8 SPDR MSCI USA StrategicFactors ETF QUS $1.49B	$30M	2.21%	191,233 -218	-0.1%	-$34.2K
9	9 Apple AAPL $2.99T	$28.1M	2.07%	126,480 -833	-0.7%	-$185K
10	10 Microsoft MSFT $3.4T	$21.6M	1.59%	57,568 -2,138	-4%	-$803K
11	11 Vanguard FTSE Developed Markets ETF VEA $157B	$21.6M	1.59%	424,128 -35,148	-8%	-$1.79M
12	12 Copart CPRT $50.3B	$16.2M	1.2%	286,463 +262	+0.1%	+$14.8K
13	13 Vanguard Intermediate-Term Treasury ETF VGIT $31.5B	$15.9M	1.17%	267,815 +48,472	+22%	+$2.88M
14	14 Janus Henderson Mortgage-Backed Securities ETF JMBS $5.4B	$15.7M	1.16%	348,170 +63,352	+22%	+$2.86M
15	15 NVIDIA NVDA $3.29T	$14.8M	1.09%	136,614 +3,030	+2%	+$328K
16	16 Vanguard Total International Stock ETF VXUS $91.3B	$13.1M	0.97%	211,746 -5,387	-2%	-$335K
17	17 Broadcom AVGO $1.13T	$12.9M	0.95%	76,785 -1,291	-2%	-$216K
18	18 JPMorgan Chase JPM $732B	$12M	0.89%	48,980 +369	+0.8%	+$90.5K
19	19 Amazon AMZN $2.17T	$11.8M	0.87%	61,889 +2,577	+4%	+$490K
20	20 Vanguard Short-Term Treasury ETF VGSH $22.4B	$10.6M	0.78%	180,836 +85,055	+89%	+$4.99M
21	21 Vanguard Information Technology ETF VGT $85.6B	$10.4M	0.77%	19,227	–	–
22	22 Vanguard Small-Cap ETF VB $61.1B	$10.1M	0.74%	45,432 -500	-1%	-$111K
23	23 Meta Platforms (Facebook) META $1.62T	$9.96M	0.73%	17,273 +182	+1%	+$105K
24	24 SPDR S&P 500 ETF Trust SPY $623B	$9.86M	0.73%	17,634 -8,238	-32%	-$4.61M
25	25 Invesco S&P 500 Quality ETF SPHQ $13.5B	$9.37M	0.69%	141,283 -4,106	-3%	-$272K