# EDGAR Filing Document

**Accession Number:** 0002030667
**File Stem:** 0001172661-26-000200
**Filing Date:** 2026-1
**Character Count:** 19981
**Document Hash:** 2f4f2589505f2ba3755176488ff96f03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-26-000200.hdr.sgml**: 20260115

**ACCESSION NUMBER**: 0001172661-26-000200

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260115

**DATE AS OF CHANGE**: 20260115

**EFFECTIVENESS DATE**: 20260115

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sage Capital Management, LLC
- **CENTRAL INDEX KEY:** 0002030667

**ORGANIZATION NAME:**
- **EIN:** 134037642
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24242
- **FILM NUMBER:** 26536566

**BUSINESS ADDRESS:**
- **STREET 1:** 102 SANDY RIDGE MT. AIRY RD.
- **CITY:** STOCKTON
- **STATE:** NJ
- **ZIP:** 08559
- **BUSINESS PHONE:** (212) 584-4110

**MAIL ADDRESS:**
- **STREET 1:** 102 SANDY RIDGE MT. AIRY RD.
- **CITY:** STOCKTON
- **STATE:** NJ
- **ZIP:** 08559

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Sage Capital Management LLC<br>**Address:** 102 Sandy Ridge Mt. Airy Rd.<br>Stockton, NJ 08559

**Form 13F File Number:** 028-24242

**CRD Number (if applicable):** 000108547

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Lawrence C. Busch<br>**Title:** President  Chief Compliance Officer<br>**Phone:** 212-584-4110

**Signature, Place, and Date of Signing:**

Lawrence C. Busch  Middletown, NJ  01-15-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 161

**Form 13F Information Table Value Total:** $216411940

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 433183 | 3456 | SH |  | SOLE |  | 0 | 0 | 3456 |
| ABBVIE INC | COM | 00287Y109 |  | 794716 | 3477 | SH |  | SOLE |  | 0 | 0 | 3477 |
| ABRDN HEALTHCARE INVESTORS | SH BEN INT | 87911J103 |  | 1137437 | 60044 | SH |  | SOLE |  | 0 | 0 | 60044 |
| ABRDN TOTAL DYNAMIC DIVIDEND | COM SH BEN INT | 00326L100 |  | 433875 | 44500 | SH |  | SOLE |  | 0 | 0 | 44500 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 928529 | 4329 | SH |  | SOLE |  | 0 | 0 | 4329 |
| ADVENT CONV  INCOME FD | COM | 00764C109 |  | 416328 | 33200 | SH |  | SOLE |  | 0 | 0 | 33200 |
| AGNC INVT CORP | COM | 00123Q104 |  | 112560 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| ALLSPRING GLOBAL DIVIDEND OP | COM | 94987C103 |  | 69960 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 618514 | 1975 | SH |  | SOLE |  | 0 | 0 | 1975 |
| ALPS ETF TR | SECTR DIV DOGS | 00162Q858 |  | 1738479 | 28740 | SH |  | SOLE |  | 0 | 0 | 28740 |
| AMAZON COM INC | COM | 023135106 |  | 1406100 | 6090 | SH |  | SOLE |  | 0 | 0 | 6090 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 859817 | 2324 | SH |  | SOLE |  | 0 | 0 | 2324 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 1246053 | 7087 | SH |  | SOLE |  | 0 | 0 | 7087 |
| AMPLIFY ETF TR | CWP INTL ENHANCE | 032108722 |  | 226265 | 5900 | SH |  | SOLE |  | 0 | 0 | 5900 |
| AMPLIFY ETF TR | AMPLIFY CYBERSEC | 032108664 |  | 5484649 | 68221 | SH |  | SOLE |  | 0 | 0 | 68221 |
| APPLE INC | COM | 037833100 |  | 2774578 | 10201 | SH |  | SOLE |  | 0 | 0 | 10201 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 243953 | 2231 | SH |  | SOLE |  | 0 | 0 | 2231 |
| AT INC | COM | 00206R102 |  | 240669 | 9686 | SH |  | SOLE |  | 0 | 0 | 9686 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 337801 | 2909 | SH |  | SOLE |  | 0 | 0 | 2909 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1945761 | 3871 | SH |  | SOLE |  | 0 | 0 | 3871 |
| CALAMOS CONV  HIGH INCOME F | COM SHS | 12811P108 |  | 147030 | 13000 | SH |  | SOLE |  | 0 | 0 | 13000 |
| CALAMOS GBL DYN INCOME FUND | COM | 12811L107 |  | 103740 | 14000 | SH |  | SOLE |  | 0 | 0 | 14000 |
| CEMEX SAB DE CV | SPON ADR NEW | 151290889 |  | 185357 | 16132 | SH |  | SOLE |  | 0 | 0 | 16132 |
| CHEVRON CORP NEW | COM | 166764100 |  | 236236 | 1550 | SH |  | SOLE |  | 0 | 0 | 1550 |
| CHURCH  DWIGHT CO INC | COM | 171340102 |  | 357285 | 4261 | SH |  | SOLE |  | 0 | 0 | 4261 |
| COHEN  STEERS QUALITY INCOM | COM | 19247L106 |  | 165569 | 14496 | SH |  | SOLE |  | 0 | 0 | 14496 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 283521 | 2852 | SH |  | SOLE |  | 0 | 0 | 2852 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 948591 | 1099 | SH |  | SOLE |  | 0 | 0 | 1099 |
| CRANE COMPANY | COMMON STOCK | 224408104 |  | 249165 | 1351 | SH |  | SOLE |  | 0 | 0 | 1351 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 1878592 | 3997 | SH |  | SOLE |  | 0 | 0 | 3997 |
| DBX ETF TR | XTRACK MSCI EAFE | 233051200 |  | 3434936 | 71385 | SH |  | SOLE |  | 0 | 0 | 71385 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 661493 | 4274 | SH |  | SOLE |  | 0 | 0 | 4274 |
| DIREXION SHS ETF TR | DLY TECH BULL 3X | 25459W102 |  | 787637 | 6702 | SH |  | SOLE |  | 0 | 0 | 6702 |
| E L F BEAUTY INC | COM | 26856L103 |  | 389781 | 5126 | SH |  | SOLE |  | 0 | 0 | 5126 |
| EA SERIES TRUST | STRIVE 500 ETF | 02072L680 |  | 5938305 | 134675 | SH |  | SOLE |  | 0 | 0 | 134675 |
| EATON VANCE TAX-MANAGED GLOB | COM | 27829F108 |  | 261417 | 27431 | SH |  | SOLE |  | 0 | 0 | 27431 |
| ECOLAB INC | COM | 278865100 |  | 746981 | 2845 | SH |  | SOLE |  | 0 | 0 | 2845 |
| ELI LILLY  CO | COM | 532457108 |  | 784837 | 729 | SH |  | SOLE |  | 0 | 0 | 729 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 363807 | 22061 | SH |  | SOLE |  | 0 | 0 | 22061 |
| ETF SER SOLUTIONS | DEFIANCE QUANTUM | 26922A420 |  | 3491077 | 31829 | SH |  | SOLE |  | 0 | 0 | 31829 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 875575 | 7274 | SH |  | SOLE |  | 0 | 0 | 7274 |
| FEDEX CORP | COM | 31428X106 |  | 243627 | 842 | SH |  | SOLE |  | 0 | 0 | 842 |
| FIDELITY COVINGTON TRUST | ENHANCED LARGE | 31609A305 |  | 344770 | 8266 | SH |  | SOLE |  | 0 | 0 | 8266 |
| FIRST TR EXCHANGE TRADED FD | NASDQ CLN EDGE | 33737A108 |  | 2258569 | 14751 | SH |  | SOLE |  | 0 | 0 | 14751 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 2341578 | 32760 | SH |  | SOLE |  | 0 | 0 | 32760 |
| FIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING | 33734X192 |  | 1691090 | 12992 | SH |  | SOLE |  | 0 | 0 | 12992 |
| FIRST TR EXCHANGE-TRADED FD | WTR ETF | 33733B100 |  | 1296411 | 11930 | SH |  | SOLE |  | 0 | 0 | 11930 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 1537204 | 5709 | SH |  | SOLE |  | 0 | 0 | 5709 |
| FIRST TR EXCHANGE-TRADED FD | GBL WND ENRG ETF | 33736G106 |  | 263482 | 12871 | SH |  | SOLE |  | 0 | 0 | 12871 |
| GABELLI CONV  INC SECS FD I | COM | 36240B109 |  | 95450 | 23000 | SH |  | SOLE |  | 0 | 0 | 23000 |
| GABELLI MULTIMEDIA TR INC | COM | 36239Q109 |  | 172200 | 41000 | SH |  | SOLE |  | 0 | 0 | 41000 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 462239 | 1372 | SH |  | SOLE |  | 0 | 0 | 1372 |
| GLOBAL X FDS | DATA CTR  DIGIT | 37954Y236 |  | 1954348 | 92623 | SH |  | SOLE |  | 0 | 0 | 92623 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 10174070 | 212866 | SH |  | SOLE |  | 0 | 0 | 212866 |
| GLOBAL X FDS | RBTCS ARTFL INTE | 37954Y715 |  | 3385582 | 93420 | SH |  | SOLE |  | 0 | 0 | 93420 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 |  | 229426 | 5369 | SH |  | SOLE |  | 0 | 0 | 5369 |
| GLOBAL X FDS | U S ELECTRIFICAT | 37960A370 |  | 238583 | 8210 | SH |  | SOLE |  | 0 | 0 | 8210 |
| GLOBAL X FDS | LITHIUM BTRY ETF | 37954Y855 |  | 837623 | 12912 | SH |  | SOLE |  | 0 | 0 | 12912 |
| GLOBAL X FDS | NASDAQ 100 COVER | 37954Y483 |  | 216498 | 12251 | SH |  | SOLE |  | 0 | 0 | 12251 |
| HARRIS OAKMARK ETF TRUST | OAKMARK U S LRG | 41456U106 |  | 297780 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| HOME DEPOT INC | COM | 437076102 |  | 540581 | 1571 | SH |  | SOLE |  | 0 | 0 | 1571 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 336080 | 18953 | SH |  | SOLE |  | 0 | 0 | 18953 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 4372691 | 14749 | SH |  | SOLE |  | 0 | 0 | 14749 |
| INVESCO EXCH TRADED FD TR II | S HDL VOL | 46138E362 |  | 942915 | 19638 | SH |  | SOLE |  | 0 | 0 | 19638 |
| INVESCO EXCHANGE TRADED FD T | S EQL UTL | 46137V274 |  | 551298 | 7370 | SH |  | SOLE |  | 0 | 0 | 7370 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 1312417 | 17480 | SH |  | SOLE |  | 0 | 0 | 17480 |
| INVESCO EXCHANGE TRADED FD T | WATER RES ETF | 46137V142 |  | 7000140 | 99399 | SH |  | SOLE |  | 0 | 0 | 99399 |
| INVESCO EXCHANGE TRADED FD T | S EQL STP | 46137V373 |  | 340878 | 11743 | SH |  | SOLE |  | 0 | 0 | 11743 |
| INVESCO EXCHANGE TRADED FD T | S EQL TEC | 46137V282 |  | 422760 | 9286 | SH |  | SOLE |  | 0 | 0 | 9286 |
| INVESCO EXCHANGE TRADED FD T | FOOD  BEVERAGE | 46137V753 |  | 1934943 | 43179 | SH |  | SOLE |  | 0 | 0 | 43179 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 5270082 | 27493 | SH |  | SOLE |  | 0 | 0 | 27493 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 8673635 | 14090 | SH |  | SOLE |  | 0 | 0 | 14090 |
| IRON MTN INC DEL | COM | 46284V101 |  | 2257995 | 27210 | SH |  | SOLE |  | 0 | 0 | 27210 |
| ISHARES TR | U.S. MED DVC ETF | 464288810 |  | 571795 | 9196 | SH |  | SOLE |  | 0 | 0 | 9196 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 482849 | 1492 | SH |  | SOLE |  | 0 | 0 | 1492 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 400918 | 3335 | SH |  | SOLE |  | 0 | 0 | 3335 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 1334482 | 20217 | SH |  | SOLE |  | 0 | 0 | 20217 |
| ISHARES TR | SP SMCP600VL ETF | 464287879 |  | 409955 | 3603 | SH |  | SOLE |  | 0 | 0 | 3603 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 304012 | 1232 | SH |  | SOLE |  | 0 | 0 | 1232 |
| ISHARES TR | RUS 2000 VAL ETF | 464287630 |  | 544701 | 3001 | SH |  | SOLE |  | 0 | 0 | 3001 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1167007 | 1702 | SH |  | SOLE |  | 0 | 0 | 1702 |
| ISHARES TR | US INFRASTRUC | 46435U713 |  | 579222 | 11007 | SH |  | SOLE |  | 0 | 0 | 11007 |
| ISHARES TR | MSCI INDIA ETF | 46429B598 |  | 522449 | 9664 | SH |  | SOLE |  | 0 | 0 | 9664 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 502989 | 7726 | SH |  | SOLE |  | 0 | 0 | 7726 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 480799 | 3403 | SH |  | SOLE |  | 0 | 0 | 3403 |
| ISHARES TR | MSCI UK ETF NEW | 46435G334 |  | 1152011 | 26189 | SH |  | SOLE |  | 0 | 0 | 26189 |
| ISHARES TR | ESG MSCI KLD 400 | 464288570 |  | 365268 | 2835 | SH |  | SOLE |  | 0 | 0 | 2835 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 459919 | 14853 | SH |  | SOLE |  | 0 | 0 | 14853 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 2051819 | 4331 | SH |  | SOLE |  | 0 | 0 | 4331 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 2417663 | 42233 | SH |  | SOLE |  | 0 | 0 | 42233 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 278907 | 4500 | SH |  | SOLE |  | 0 | 0 | 4500 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 392084 | 1893 | SH |  | SOLE |  | 0 | 0 | 1893 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 417032 | 1294 | SH |  | SOLE |  | 0 | 0 | 1294 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 |  | 1822074 | 14386 | SH |  | SOLE |  | 0 | 0 | 14386 |
| LTC PPTYS INC | COM | 502175102 |  | 578231 | 16814 | SH |  | SOLE |  | 0 | 0 | 16814 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 674123 | 2172 | SH |  | SOLE |  | 0 | 0 | 2172 |
| MCDONALDS CORP | COM | 580135101 |  | 278878 | 912 | SH |  | SOLE |  | 0 | 0 | 912 |
| META PLATFORMS INC | CL A | 30303M102 |  | 590785 | 893 | SH |  | SOLE |  | 0 | 0 | 893 |
| MICROSOFT CORP | COM | 594918104 |  | 2470793 | 5104 | SH |  | SOLE |  | 0 | 0 | 5104 |
| NIKE INC | CL B | 654106103 |  | 837533 | 13146 | SH |  | SOLE |  | 0 | 0 | 13146 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 230976 | 800 | SH |  | SOLE |  | 0 | 0 | 800 |
| NUVEEN MUN HIGH INCOME OPPOR | COM | 670682103 |  | 106995 | 10500 | SH |  | SOLE |  | 0 | 0 | 10500 |
| NUVEEN NEW YORK AMT QLT MUNI | COM | 670656107 |  | 100900 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| NUVEEN PFD  INCOME OPPORTUN | COM | 67073B106 |  | 182475 | 22500 | SH |  | SOLE |  | 0 | 0 | 22500 |
| NUVEEN S 500 BUY-WRITE INC | COM | 6706ER101 |  | 3523208 | 239661 | SH |  | SOLE |  | 0 | 0 | 239661 |
| NUVEEN VRIABL RAT PFD  INM | COM | 67080R102 |  | 256905 | 13500 | SH |  | SOLE |  | 0 | 0 | 13500 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 14665336 | 78620 | SH |  | SOLE |  | 0 | 0 | 78620 |
| ONEOK INC NEW | COM | 682680103 |  | 824799 | 11219 | SH |  | SOLE |  | 0 | 0 | 11219 |
| ORAMED PHARMACEUTICALS INC | COM NEW | 68403P203 |  | 47738 | 16750 | SH |  | SOLE |  | 0 | 0 | 16750 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 486675 | 5570 | SH |  | SOLE |  | 0 | 0 | 5570 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 336214 | 1891 | SH |  | SOLE |  | 0 | 0 | 1891 |
| PEPSICO INC | COM | 713448108 |  | 229632 | 1600 | SH |  | SOLE |  | 0 | 0 | 1600 |
| PHILLIPS EDISON  CO INC | COMMON STOCK | 71844V201 |  | 538593 | 15141 | SH |  | SOLE |  | 0 | 0 | 15141 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 3094079 | 30825 | SH |  | SOLE |  | 0 | 0 | 30825 |
| PIONEER PWR SOLUTIONS INC | COM NEW | 723836300 |  | 99330 | 21000 | SH |  | SOLE |  | 0 | 0 | 21000 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 499248 | 3483 | SH |  | SOLE |  | 0 | 0 | 3483 |
| PROLOGIS INC. | COM | 74340W103 |  | 214642 | 1681 | SH |  | SOLE |  | 0 | 0 | 1681 |
| PROSHARES TR | ULTRAPRO QQQ | 74347X831 |  | 1531325 | 29043 | SH |  | SOLE |  | 0 | 0 | 29043 |
| PROSHARES TR | PSHS ULT S 500 | 74347R107 |  | 213824 | 3691 | SH |  | SOLE |  | 0 | 0 | 3691 |
| PUBLIC STORAGE OPER CO | COM | 74460D109 |  | 1039916 | 4000 | SH |  | SOLE |  | 0 | 0 | 4000 |
| ROCKET LAB CORP | COM | 773121108 |  | 506248 | 7257 | SH |  | SOLE |  | 0 | 0 | 7257 |
| ROYCE MICRO-CAP TR INC | COM | 780915104 |  | 132461 | 12700 | SH |  | SOLE |  | 0 | 0 | 12700 |
| SABA CAPITAL INCOME  OPRNT | SHS NEW | 78518H202 |  | 94635 | 13500 | SH |  | SOLE |  | 0 | 0 | 13500 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 223572 | 9300 | SH |  | SOLE |  | 0 | 0 | 9300 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 1166632 | 7531 | SH |  | SOLE |  | 0 | 0 | 7531 |
| SELECT SECTOR SPDR TR | STATE STREET UTI | 81369Y886 |  | 1136663 | 26623 | SH |  | SOLE |  | 0 | 0 | 26623 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 297011 | 1914 | SH |  | SOLE |  | 0 | 0 | 1914 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 9566055 | 66424 | SH |  | SOLE |  | 0 | 0 | 66424 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y308 |  | 4911236 | 63209 | SH |  | SOLE |  | 0 | 0 | 63209 |
| SELECT SECTOR SPDR TR | STATE STREET CON | 81369Y407 |  | 658260 | 5512 | SH |  | SOLE |  | 0 | 0 | 5512 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 235128 | 4293 | SH |  | SOLE |  | 0 | 0 | 4293 |
| SELECT SECTOR SPDR TR | STATE STREET MAT | 81369Y100 |  | 1000887 | 22066 | SH |  | SOLE |  | 0 | 0 | 22066 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 2003209 | 4166 | SH |  | SOLE |  | 0 | 0 | 4166 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 8402607 | 12312 | SH |  | SOLE |  | 0 | 0 | 12312 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A110 |  | 3659856 | 20504 | SH |  | SOLE |  | 0 | 0 | 20504 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A797 |  | 381156 | 6279 | SH |  | SOLE |  | 0 | 0 | 6279 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A359 |  | 4409859 | 49425 | SH |  | SOLE |  | 0 | 0 | 49425 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 |  | 3284954 | 23600 | SH |  | SOLE |  | 0 | 0 | 23600 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A870 |  | 2278981 | 18673 | SH |  | SOLE |  | 0 | 0 | 18673 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A698 |  | 477941 | 7372 | SH |  | SOLE |  | 0 | 0 | 7372 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A888 |  | 1105314 | 10734 | SH |  | SOLE |  | 0 | 0 | 10734 |
| STAG INDL INC | COM | 85254J102 |  | 760356 | 20680 | SH |  | SOLE |  | 0 | 0 | 20680 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 374901 | 1233 | SH |  | SOLE |  | 0 | 0 | 1233 |
| TESLA INC | COM | 88160R101 |  | 380463 | 846 | SH |  | SOLE |  | 0 | 0 | 846 |
| TEXAS INSTRS INC | COM | 882508104 |  | 277584 | 1600 | SH |  | SOLE |  | 0 | 0 | 1600 |
| UNUM GROUP | COM | 91529Y106 |  | 231658 | 2988 | SH |  | SOLE |  | 0 | 0 | 2988 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 466680 | 5268 | SH |  | SOLE |  | 0 | 0 | 5268 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 418144 | 1246 | SH |  | SOLE |  | 0 | 0 | 1246 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 1157679 | 23402 | SH |  | SOLE |  | 0 | 0 | 23402 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 584862 | 6979 | SH |  | SOLE |  | 0 | 0 | 6979 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 761396 | 3463 | SH |  | SOLE |  | 0 | 0 | 3463 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 382602 | 2665 | SH |  | SOLE |  | 0 | 0 | 2665 |
| VANGUARD WORLD FD | MATERIALS ETF | 92204A801 |  | 782716 | 3767 | SH |  | SOLE |  | 0 | 0 | 3767 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 376966 | 9255 | SH |  | SOLE |  | 0 | 0 | 9255 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 213986 | 472 | SH |  | SOLE |  | 0 | 0 | 472 |
| VOYA GLBL EQTY DIV  PREM OP | COM | 92912T100 |  | 71500 | 12500 | SH |  | SOLE |  | 0 | 0 | 12500 |
| WALMART INC | COM | 931142103 |  | 632581 | 5677 | SH |  | SOLE |  | 0 | 0 | 5677 |
| WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 |  | 225692 | 5713 | SH |  | SOLE |  | 0 | 0 | 5713 |
| WILLIAMS COS INC | COM | 969457100 |  | 369347 | 6144 | SH |  | SOLE |  | 0 | 0 | 6144 |
| WISDOMTREE TR | US MIDCAP DIVID | 97717W505 |  | 4131730 | 80059 | SH |  | SOLE |  | 0 | 0 | 80059 |
| WISDOMTREE TR | EUROPE HEDGED EQ | 97717X701 |  | 1830220 | 34484 | SH |  | SOLE |  | 0 | 0 | 34484 |

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