Instuitional Investor - Sage Investment Advisers Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds - S&P 500 ETF SHS		29,334	$18,396,465	13.79%
2.	Ishares Trust	IAU	77,830	$6,317,461	4.74%
3.	Visa Inc.	V	16,228	$5,691,184	4.27%
4.	International Business Machines Corp	IBM	13,846	$4,101,354	3.07%
5.	Jpmorgan Chase & Co	JPM	12,349	$3,979,082	2.98%