Millennium Management’s Saratoga Investment SAR Stock Holding History

Millennium Management’s Portfolio SAR Stock Details SAR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-70,447	Closed	-$1.78M	–	6277
2025 Q1	$1.78M	Sell	70,447 -34,682	-33%	-$862K	﹤0.01%	3891
2024 Q4	$2.51M	Sell	105,129 -18,491	-15%	-$448K	﹤0.01%	3442
2024 Q3	$2.87M	Buy	123,620 +12,021	+11%	+$277K	﹤0.01%	3358
2024 Q2	$2.53M	Buy	111,599 +5,298	+5%	+$124K	﹤0.01%	3326
2024 Q1	$2.47M	Sell	106,301 -116,972	-52%	-$2.75M	﹤0.01%	3539
2023 Q4	$5.77M	Sell	223,273 -72,463	-25%	-$1.81M	﹤0.01%	2667
2023 Q3	$7.6M	Buy	295,736 +169,910	+135%	+$4.47M	﹤0.01%	2309
2023 Q2	$3.4M	Buy	125,826 +50,109	+66%	+$1.29M	﹤0.01%	3022
2023 Q1	$1.91M	Buy	+75,717	New	+$2M	﹤0.01%	3496
2022 Q3	–	Sell	-16,392	Closed	-$393K	–	7434
2022 Q2	$393K	Buy	+16,392	New	+$425K	﹤0.01%	5143
2022 Q1	–	Sell	-28,397	Closed	-$834K	–	7411
2021 Q4	$834K	Buy	+28,397	New	+$826K	﹤0.01%	4573
2021 Q1	–	Sell	-22,187	Closed	-$463K	–	6442
2020 Q4	$463K	Buy	22,187 +2,734	+14%	+$54.8K	﹤0.01%	4247
2020 Q3	$327	Buy	+19,453	New	+$332K	﹤0.01%	3793
2020 Q1	–	Sell	-59,997	Closed	-$1.5M	–	4391
2019 Q4	$1.5M	Sell	59,997 -48,469	-45%	-$1.22M	﹤0.01%	2783
2019 Q3	$2.68M	Buy	+108,466	New	+$2.68M	﹤0.01%	2249
2019 Q2	–	Sell	-9,749	Closed	-$217K	–	4403
2019 Q1	$217K	Buy	+9,749	New	+$221K	﹤0.01%	3694
2018 Q4	–	Sell	-40,236	Closed	-$929K	–	4122
2018 Q3	$929K	Buy	+40,236	New	+$981K	﹤0.01%	2913
2018 Q2	–	Sell	-10,901	Closed	-$227K	–	4130
2018 Q1	$227K	Sell	10,901 -5,417	-33%	-$116K	﹤0.01%	3329
2017 Q4	$365K	Buy	+16,318	New	+$362K	﹤0.01%	3247
2017 Q3	–	Sell	-43,980	Closed	-$919K	–	3820
2017 Q2	$919K	Buy	43,980 +12,960	+42%	+$280K	﹤0.01%	2482
2017 Q1	$673K	Buy	31,020 +16,822	+118%	+$369K	﹤0.01%	2623
2016 Q4	$293K	Buy	+14,198	New	+$269K	﹤0.01%	2913

Other funds holding SAR

Two Sigma Advisers New York $51.4B AUM 31.07% 1-Year Est. Return

HWAM

Hennion & Walsh Asset Management Parsippany, New Jersey $3.5B AUM 41.95% 1-Year Est. Return

Lido Advisors Los Angeles, California $32.7B AUM 19.2% 1-Year Est. Return

Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return

PAG

Private Advisor Group Morristown, New Jersey $21.3B AUM 22.13% 1-Year Est. Return

AAM

Advisors Asset Management Monument, Colorado $6.01B AUM 24.74% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Legal & General Group London, United Kingdom $432B AUM 29.4% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Millennium Management's SAR Position: Q2 2025 in Review

Millennium Management sold out of Saratoga Investment (SAR) in Q2 2025, closing a stake of 70,447 shares — an estimated $1.78M sold.

Millennium Management first reported a position in SAR in Q4 2016 and held it in 22 quarters. The position peaked at $7.6M in Q3 2023. 65 funds tracked by Wall St. Rank hold SAR as of Q2 2025.

Millennium Management reported no remaining Saratoga Investment position as of Q2 2025 after selling out during the quarter.
Millennium Management sold 70,447 Saratoga Investment shares in Q2 2025, an estimated $1.78M.
Millennium Management first reported a position in Saratoga Investment in Q4 2016 and held it in 22 quarters.
Millennium Management's Saratoga Investment position peaked at $7.6M in Q3 2023.
65 funds tracked by Wall St. Rank held Saratoga Investment as of Q2 2025.

Based on Millennium Management's 13F filing for Q2 2025, filed 14 Aug 2025.