SAGE INVESTMENT ADVISERS LLC Holdings

SAGE INVESTMENT ADVISERS LLC is an investment fund managing more than 63.34M US dollars. The largest holdings include Visa, Churchill Downs Incorporated and Chevron. In Q3 2022 the fund bought assets of total value of 1.71M US dollars and sold assets of total value of 2.57M US dollars.

$63.33M

portfolio value

-17.08%

quarter

SAGE INVESTMENT ADVISERS LLC portfolio changes

Portfolio changes (number of shares)
Period	Buy	Sel
Q1 2022	3232000	5188000
Q2 2022	3991000	15233000
Q3 2022	1705000	2569000

SAGE INVESTMENT ADVISERS LLC 13F holdings

Stock	Position type	Portfolio share	Portfolio value	Avg. open price	Current price	P/L	Last change
Credit Services Visa Inc. Portfolio share: 7.07% Portfolio value: 4.47M Avg. open price: N/A Current price: $213.68 P/L: N/A Sold -0.37% shares Q3 2022	share	7.07%	4.47M	N/A	$213.68	N/A	Sold -0.37% shares Q3 2022
Gambling Churchill Downs Incorporated Portfolio share: 7.04% Portfolio value: 4.45M Avg. open price: N/A Current price: $219.86 P/L: N/A Sold -1.83% shares Q3 2022	share	7.04%	4.45M	N/A	$219.86	N/A	Sold -1.83% shares Q3 2022
Oil & Gas Integrated Chevron Corporation Portfolio share: 5.44% Portfolio value: 3.44M Avg. open price: N/A Current price: $176.56 P/L: N/A Sold -3.39% shares Q3 2022	share	5.44%	3.44M	N/A	$176.56	N/A	Sold -3.39% shares Q3 2022
iShares Gold Trust Portfolio share: 4.49% Portfolio value: 2.84M Avg. open price: $34.51 Current price: $33.51 P/L: -2.90% Bought +2.27% shares Q3 2022	share	4.49%	2.84M	$34.51	$33.51	-2.90%	Bought +2.27% shares Q3 2022
Vanguard Total Bond Market Index Fund Portfolio share: 4.30% Portfolio value: 2.72M Avg. open price: $75.26 Current price: $72.92 P/L: -3.11% Bought +2.76% shares Q3 2022	share	4.30%	2.72M	$75.26	$72.92	-3.11%	Bought +2.76% shares Q3 2022
Vanguard Intermediate-Term Corporate Bond Index Fund Portfolio share: 4.27% Portfolio value: 2.70M Avg. open price: $80.02 Current price: $78.74 P/L: -1.60% Bought +2.47% shares Q3 2022	share	4.27%	2.70M	$80.02	$78.74	-1.60%	Bought +2.47% shares Q3 2022
Electronic Components CTS Corporation Portfolio share: 3.69% Portfolio value: 2.33M Avg. open price: $35.34 Current price: $40.79 P/L: +15.42% Bought +0.81% shares Q2 2022	share	3.69%	2.33M	$35.34	$40.79	+15.42%	Bought +0.81% shares Q2 2022
Banks—Diversified JPMorgan Chase & Co. Portfolio share: 3.17% Portfolio value: 2.01M Avg. open price: $152.31 Current price: $131.37 P/L: -13.75% Bought +1.09% shares Q3 2022	share	3.17%	2.01M	$152.31	$131.37	-13.75%	Bought +1.09% shares Q3 2022
SPDR Gold Shares Portfolio share: 3.03% Portfolio value: 1.91M Avg. open price: $173.74 Current price: $164.39 P/L: -5.38% Bought +5.07% shares Q3 2022	share	3.03%	1.91M	$173.74	$164.39	-5.38%	Bought +5.07% shares Q3 2022
Asset Management Sprott Inc. Portfolio share: 2.82% Portfolio value: 1.78M Avg. open price: $45.85 Current price: $34.34 P/L: -25.10% Bought +0.47% shares Q2 2022	share	2.82%	1.78M	$45.85	$34.34	-25.10%	Bought +0.47% shares Q2 2022
Schwab U.S. Small-Cap ETF Portfolio share: 2.55% Portfolio value: 1.61M Avg. open price: $56.58 Current price: $42.34 P/L: -25.17% Bought +32.95% shares Q3 2022	share	2.55%	1.61M	$56.58	$42.34	-25.17%	Bought +32.95% shares Q3 2022
Building Materials Martin Marietta Materials, Inc. Portfolio share: 2.52% Portfolio value: 1.59M Avg. open price: N/A Current price: $353.27 P/L: N/A Sold -5.71% shares Q3 2022	share	2.52%	1.59M	N/A	$353.27	N/A	Sold -5.71% shares Q3 2022
Consumer Electronics Apple Inc. Portfolio share: 2.49% Portfolio value: 1.57M Avg. open price: $176.55 Current price: $146.61 P/L: -16.96% Bought +0.11% shares Q3 2022	share	2.49%	1.57M	$176.55	$146.61	-16.96%	Bought +0.11% shares Q3 2022
Waste Management Waste Management, Inc. Portfolio share: 2.44% Portfolio value: 1.54M Avg. open price: N/A Current price: $167.79 P/L: N/A Sold -6.04% shares Q3 2022	share	2.44%	1.54M	N/A	$167.79	N/A	Sold -6.04% shares Q3 2022
iShares MSCI EAFE ETF Portfolio share: 2.33% Portfolio value: 1.47M Avg. open price: $69.68 Current price: $66.83 P/L: -4.10% Bought +19.37% shares Q3 2022	share	2.33%	1.47M	$69.68	$66.83	-4.10%	Bought +19.37% shares Q3 2022
iShares S&P 500 Value ETF Portfolio share: 2.27% Portfolio value: 1.44M Avg. open price: $147.33 Current price: $149.12 P/L: +1.21% Bought +19.61% shares Q3 2022	share	2.27%	1.44M	$147.33	$149.12	+1.21%	Bought +19.61% shares Q3 2022
Information Technology Services International Business Machines Corporation Portfolio share: 2.16% Portfolio value: 1.37M Avg. open price: $141.19 Current price: $147.41 P/L: +4.41% Bought +2.67% shares Q3 2022	share	2.16%	1.37M	$141.19	$147.41	+4.41%	Bought +2.67% shares Q3 2022
iShares S&P 500 Growth ETF Portfolio share: 2.15% Portfolio value: 1.35M Avg. open price: $72.79 Current price: $62.16 P/L: -14.61% Bought +18.97% shares Q3 2022	share	2.15%	1.35M	$72.79	$62.16	-14.61%	Bought +18.97% shares Q3 2022
Schwab U.S. Mid-Cap ETF Portfolio share: 2.14% Portfolio value: 1.35M Avg. open price: $71.64 Current price: $68.2 P/L: -4.80% Bought +22.31% shares Q3 2022	share	2.14%	1.35M	$71.64	$68.2	-4.80%	Bought +22.31% shares Q3 2022
Vanguard Dividend Appreciation Index Fund Portfolio share: 1.87% Portfolio value: 1.18M Avg. open price: $150.06 Current price: $156.13 P/L: +4.05% Bought +44.77% shares Q3 2022	share	1.87%	1.18M	$150.06	$156.13	+4.05%	Bought +44.77% shares Q3 2022
Aerospace & Defense Lockheed Martin Corporation Portfolio share: 1.77% Portfolio value: 1.12M Avg. open price: $353.58 Current price: $490.67 P/L: +38.77% Sold -1.69% shares Q3 2022	share	1.77%	1.12M	$353.58	$490.67	+38.77%	Sold -1.69% shares Q3 2022
Aerospace & Defense The Boeing Company Portfolio share: 1.73% Portfolio value: 1.09M Avg. open price: $151.96 Current price: $185.1 P/L: +21.81% Bought +7.10% shares Q3 2022	share	1.73%	1.09M	$151.96	$185.1	+21.81%	Bought +7.10% shares Q3 2022
iShares Dow Jones U.S. ETF Portfolio share: 1.66% Portfolio value: 1.05M Avg. open price: N/A Current price: $97.71 P/L: N/A Sold -7.57% shares Q2 2022	share	1.66%	1.05M	N/A	$97.71	N/A	Sold -7.57% shares Q2 2022
Vanguard High Dividend Yield Index Fund Portfolio share: 1.66% Portfolio value: 1.04M Avg. open price: $101.7 Current price: $111.02 P/L: +9.16% Bought +53.64% shares Q3 2022	share	1.66%	1.04M	$101.7	$111.02	+9.16%	Bought +53.64% shares Q3 2022
Vanguard 500 Index Fund Portfolio share: 1.65% Portfolio value: 1.04M Avg. open price: $346.88 Current price: $367.34 P/L: +5.90% Bought +1.59% shares Q3 2022	share	1.65%	1.04M	$346.88	$367.34	+5.90%	Bought +1.59% shares Q3 2022
Railroads Norfolk Southern Corporation Portfolio share: 1.48% Portfolio value: 940K Avg. open price: N/A Current price: $247.31 P/L: N/A Sold -5.78% shares Q1 2022	share	1.48%	940K	N/A	$247.31	N/A	Sold -5.78% shares Q1 2022
Drug Manufacturers—General Johnson & Johnson Portfolio share: 1.43% Portfolio value: 907K Avg. open price: $173.2 Current price: $178.78 P/L: +3.22% Bought +0.47% shares Q3 2022	share	1.43%	907K	$173.2	$178.78	+3.22%	Bought +0.47% shares Q3 2022
Vanguard Mega Cap Growth Index Fund Portfolio share: 1.37% Portfolio value: 866K Avg. open price: $181.69 Current price: $185.21 P/L: +1.94% Bought +31.48% shares Q3 2022	share	1.37%	866K	$181.69	$185.21	+1.94%	Bought +31.48% shares Q3 2022
Railroads CSX Corporation Portfolio share: 1.34% Portfolio value: 848K Avg. open price: $37.31 Current price: $31.35 P/L: -15.97% Bought 0.00% shares Q3 2022	share	1.34%	848K	$37.31	$31.35	-15.97%	Bought 0.00% shares Q3 2022
Resorts & Casinos PENN Entertainment, Inc. Portfolio share: 1.30% Portfolio value: 825K Avg. open price: $40.56 Current price: $34.18 P/L: -15.73% Bought +2.48% shares Q3 2022	share	1.30%	825K	$40.56	$34.18	-15.73%	Bought +2.48% shares Q3 2022
Software—Infrastructure Microsoft Corporation Portfolio share: 1.26% Portfolio value: 798K Avg. open price: $261.08 Current price: $250.2 P/L: -4.17% Bought +14.04% shares Q3 2022	share	1.26%	798K	$261.08	$250.2	-4.17%	Bought +14.04% shares Q3 2022
Vanguard Total Intl Stock Idx Fund Portfolio share: 1.22% Portfolio value: 774K Avg. open price: $51.61 Current price: $53.09 P/L: +2.87% Bought +33.84% shares Q3 2022	share	1.22%	774K	$51.61	$53.09	+2.87%	Bought +33.84% shares Q3 2022
Vanguard Emerging Markets Stock Index Fund Portfolio share: 0.96% Portfolio value: 611K Avg. open price: $47.34 Current price: $40.26 P/L: -14.96% Bought +2.98% shares Q3 2022	share	0.96%	611K	$47.34	$40.26	-14.96%	Bought +2.98% shares Q3 2022
Vanguard Real Estate Index Fund Portfolio share: 0.96% Portfolio value: 608K Avg. open price: $102.31 Current price: $86.03 P/L: -15.91% Bought +16.53% shares Q3 2022	share	0.96%	608K	$102.31	$86.03	-15.91%	Bought +16.53% shares Q3 2022
Semiconductors Advanced Micro Devices, Inc. Portfolio share: 0.90% Portfolio value: 573K Avg. open price: $80.12 Current price: $73.62 P/L: -8.12% Bought +54.70% shares Q3 2022	share	0.90%	573K	$80.12	$73.62	-8.12%	Bought +54.70% shares Q3 2022
BERKSHIRE HATHAWAY INC DEL Portfolio share: 0.90% Portfolio value: 570K Avg. open price: N/A Current price: N/A P/L: N/A Bought +33.90% shares Q3 2022	share	0.90%	570K	N/A	N/A	N/A	Bought +33.90% shares Q3 2022
Specialty Retail EVgo, Inc. Portfolio share: 0.74% Portfolio value: 470K Avg. open price: $8.74 Current price: $5.95 P/L: -31.92% Bought +34.82% shares Q3 2022	share	0.74%	470K	$8.74	$5.95	-31.92%	Bought +34.82% shares Q3 2022
Internet Content & Information Alphabet Inc. Portfolio share: 0.69% Portfolio value: 436K Avg. open price: $2,179.26 Current price: $99.48 P/L: -95.44% Bought +2.24% shares Q3 2022	share	0.69%	436K	$2,179.26	$99.48	-95.44%	Bought +2.24% shares Q3 2022
Closed-End Fund - Equity Vanguard Total Stock Market Index Fund Portfolio share: 0.66% Portfolio value: 420K Avg. open price: $195.8 Current price: $199.98 P/L: +2.13% Bought +26.53% shares Q3 2022	share	0.66%	420K	$195.8	$199.98	+2.13%	Bought +26.53% shares Q3 2022
Oil & Gas E&P Devon Energy Corporation Portfolio share: 0.65% Portfolio value: 410K Avg. open price: N/A Current price: $66.55 P/L: N/A N/A Q3 2022	share	0.65%	410K	N/A	$66.55	N/A	N/A Q3 2022
SPDR S&P 500 ETF Trust Portfolio share: 0.63% Portfolio value: 397K Avg. open price: $411.54 Current price: $400.01 P/L: -2.80% Bought +4.81% shares Q3 2022	share	0.63%	397K	$411.54	$400.01	-2.80%	Bought +4.81% shares Q3 2022
Household & Personal Products The Procter & Gamble Company Portfolio share: 0.58% Portfolio value: 369K Avg. open price: $143.79 Current price: $149.09 P/L: +3.69% Bought +0.03% shares Q3 2022	share	0.58%	369K	$143.79	$149.09	+3.69%	Bought +0.03% shares Q3 2022
Home Improvement Retail The Home Depot, Inc. Portfolio share: 0.55% Portfolio value: 349K Avg. open price: $288.19 Current price: $320.08 P/L: +11.06% Bought +0.64% shares Q3 2022	share	0.55%	349K	$288.19	$320.08	+11.06%	Bought +0.64% shares Q3 2022
REIT—Retail Simon Property Group, Inc. Portfolio share: 0.53% Portfolio value: 336K Avg. open price: $126.21 Current price: $117.69 P/L: -6.75% Bought +5.98% shares Q3 2022	share	0.53%	336K	$126.21	$117.69	-6.75%	Bought +5.98% shares Q3 2022
Electrical Equipment & Parts Atkore Inc. Portfolio share: 0.53% Portfolio value: 335K Avg. open price: N/A Current price: $120.12 P/L: N/A N/A Q4 2021	share	0.53%	335K	N/A	$120.12	N/A	N/A Q4 2021
Banks—Diversified Bank of America Corporation Portfolio share: 0.50% Portfolio value: 317K Avg. open price: $44.29 Current price: $34.47 P/L: -22.17% Bought +0.43% shares Q3 2022	share	0.50%	317K	$44.29	$34.47	-22.17%	Bought +0.43% shares Q3 2022
Healthcare Plans UnitedHealth Group Incorporated Portfolio share: 0.48% Portfolio value: 307K Avg. open price: $509.97 Current price: $535.04 P/L: +4.92% Bought +1.17% shares Q2 2022	share	0.48%	307K	$509.97	$535.04	+4.92%	Bought +1.17% shares Q2 2022
Vanguard Short-Term Corporate Bond Index Fund Portfolio share: 0.46% Portfolio value: 293K Avg. open price: N/A Current price: $75.35 P/L: N/A Sold -27.40% shares Q3 2022	share	0.46%	293K	N/A	$75.35	N/A	Sold -27.40% shares Q3 2022
Electrical Equipment & Parts Espey Mfg. & Electronics Corp. Portfolio share: 0.45% Portfolio value: 287K Avg. open price: N/A Current price: $13.27 P/L: N/A N/A Q4 2021	share	0.45%	287K	N/A	$13.27	N/A	N/A Q4 2021
Medical Devices Abbott Laboratories Portfolio share: 0.43% Portfolio value: 271K Avg. open price: $114.03 Current price: $105.38 P/L: -7.59% Bought +5.82% shares Q3 2022	share	0.43%	271K	$114.03	$105.38	-7.59%	Bought +5.82% shares Q3 2022
Telecom Services Verizon Communications Inc. Portfolio share: 0.42% Portfolio value: 269K Avg. open price: $52.25 Current price: $37.07 P/L: -29.05% Sold -2.98% shares Q3 2022	share	0.42%	269K	$52.25	$37.07	-29.05%	Sold -2.98% shares Q3 2022
Drug Manufacturers—General Pfizer Inc. Portfolio share: 0.42% Portfolio value: 266K Avg. open price: $56.18 Current price: $50.73 P/L: -9.71% Bought +0.21% shares Q3 2022	share	0.42%	266K	$56.18	$50.73	-9.71%	Bought +0.21% shares Q3 2022
Banks—Diversified Citigroup Inc. Portfolio share: 0.39% Portfolio value: 245K Avg. open price: $48.31 Current price: $45.64 P/L: -5.53% Bought +14.11% shares Q3 2022	share	0.39%	245K	$48.31	$45.64	-5.53%	Bought +14.11% shares Q3 2022
Beverages—Non-Alcoholic PepsiCo, Inc. Portfolio share: 0.38% Portfolio value: 238K Avg. open price: $168.66 Current price: $183.12 P/L: +8.57% Bought +0.14% shares Q3 2022	share	0.38%	238K	$168.66	$183.12	+8.57%	Bought +0.14% shares Q3 2022
Beverages—Wineries & Distilleries Diageo plc Portfolio share: 0.33% Portfolio value: 209K Avg. open price: N/A Current price: $188.47 P/L: N/A N/A Q3 2022	share	0.33%	209K	N/A	$188.47	N/A	N/A Q3 2022
Auto Manufacturers Ford Motor Company Portfolio share: 0.30% Portfolio value: 192K Avg. open price: $20.27 Current price: $13.38 P/L: -33.98% Bought +1.31% shares Q3 2022	share	0.30%	192K	$20.27	$13.38	-33.98%	Bought +1.31% shares Q3 2022
Specialty Retail Nuvve Holding Corp. Portfolio share: 0.02% Portfolio value: 14K Avg. open price: N/A Current price: $0.54 P/L: N/A N/A Q3 2022	share	0.02%	14K	N/A	$0.54	N/A	N/A Q3 2022
Other Industrial Metals & Mining Northern Dynasty Minerals Ltd. Portfolio share: 0.00% Portfolio value: 3K Avg. open price: N/A Current price: $0.26 P/L: N/A N/A Q4 2021	share	0.00%	3K	N/A	$0.26	N/A	N/A Q4 2021
iShares 1-3 Year Treasury Bond ETF Portfolio share: 0.00% Portfolio value: 0 Avg. open price: N/A Current price: $81.18 P/L: N/A Sold -100.00% shares Q3 2022	share	0.00%	0	N/A	$81.18	N/A	Sold -100.00% shares Q3 2022
Tobacco Altria Group, Inc. Portfolio share: 0.00% Portfolio value: 0 Avg. open price: $52.25 Current price: $47.19 P/L: -9.68% Sold -100.00% shares Q3 2022	share	0.00%	0	$52.25	$47.19	-9.68%	Sold -100.00% shares Q3 2022
Vanguard Short-Term Bond Index Fund Portfolio share: 0.00% Portfolio value: 0 Avg. open price: $80.84 Current price: $75.4 P/L: -6.73% Sold -100.00% shares Q3 2022	share	0.00%	0	$80.84	$75.4	-6.73%	Sold -100.00% shares Q3 2022
Restaurants McDonald's Corporation Portfolio share: 0.00% Portfolio value: 0 Avg. open price: $267.21 Current price: $271.59 P/L: +1.64% Sold -100.00% shares Q3 2022	share	0.00%	0	$267.21	$271.59	+1.64%	Sold -100.00% shares Q3 2022
Farm & Heavy Construction Machinery Caterpillar Inc. Portfolio share: 0.00% Portfolio value: 0 Avg. open price: $206.08 Current price: $232.57 P/L: +12.85% Sold -100.00% shares Q3 2022	share	0.00%	0	$206.08	$232.57	+12.85%	Sold -100.00% shares Q3 2022