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Saratoga Investment
SAR

63 hedge funds and large institutions have $42.2M invested in Saratoga Investment in 2026 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 9 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

189% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 9

56% more call options, than puts

Call options by funds: $1.59M | Put options by funds: $1.02M

1.09% less ownership

Funds ownership: 12.96% → 11.87% (-1.1%)

11% less funds holding

Funds holding: 71 → 63 (-8)

13% less capital invested

Capital invested by funds: $48.4M → $42.2M (-$6.26M)

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

Holders
63
Holders Change
-8
Holders Change %
-11.27%
% of All Funds
0.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
26
Reduced
9
Closed
15
Calls
$1.59M
Puts
$1.02M
Net Calls
+$571K
Net Calls Change
+$1.32M

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$551K
2
Raymond James Financial
Raymond James Financial
Florida
+$525K
3
HF
HRT Financial
New York
+$495K
4
IAIM
International Assets Investment Management
Florida
+$474K
5
VA
VestGen Advisors
Illinois
+$443K

Top Sellers

1
CEFA
Closed-End Fund Advisors
Virginia
-$3.68M
2
Ameriprise
Ameriprise
Minnesota
-$1.09M
3
BlackRock
BlackRock
New York
-$935K
4
TI
Trexquant Investment
Connecticut
-$388K
5
DTL
Dynamic Technology Lab
Singapore
-$305K
Name Holding Trade Value Shares
Change 		Change in
Stake
Lido Advisors
1
Lido Advisors
California
$4.36M – – –
PAG
2
Private Advisor Group
New Jersey
$3.61M +$41K +1,780 +1%
HWAM
3
Hennion & Walsh Asset Management
New Jersey
$3.01M -$87.3K -3,795 -3%
Legal & General Group
4
Legal & General Group
United Kingdom
$2.69M +$130K +5,647 +5%
LPL Financial
5
LPL Financial
California
$2.49M +$6.17K +268 +0.2%
AAM
6
Advisors Asset Management
Colorado
$2.33M +$121K +5,242 +5%
Wells Fargo
7
Wells Fargo
California
$1.86M +$56.1K +2,437 +3%
IAIM
8
International Assets Investment Management
Florida
$1.76M +$474K +20,598 +33%
EFG
9
Ethos Financial Group
Pennsylvania
$1.22M – – –
Two Sigma Investments
10
Two Sigma Investments
New York
$1.2M -$294K -12,761 -19%
BlackRock
11
BlackRock
New York
$1.19M -$935K -40,601 -43%
WAP
12
Wealthcare Advisory Partners
Pennsylvania
$1.11M +$25.4K +1,102 +2%
Raymond James Financial
13
Raymond James Financial
Florida
$1.06M +$525K +22,788 +89%
PVM
14
Palogic Value Management
Texas
$1.02M – – –
NLP
15
Next Level Private
New York
$952K – – –
JCP
16
JB Capital Partners
New York
$761K – – –
Morgan Stanley
17
Morgan Stanley
New York
$619K -$47.2K -2,052 -7%
Focus Partners Wealth
18
Focus Partners Wealth
Massachusetts
$606K +$48.5K +2,109 +8%
UBS Group
19
UBS Group
Switzerland
$597K +$328K +14,256 +109%
BAMF
20
BI Asset Management Fondsmaeglerselskab
Denmark
$591K – – –
VIA
21
Virtus Investment Advisers
Connecticut
$563K -$159K -6,889 -21%
Bank of America
22
Bank of America
North Carolina
$547K +$551K +23,959 +2,243%
Cambridge Investment Research Advisors
23
Cambridge Investment Research Advisors
Iowa
$524K +$116K +5,026 +27%
Citadel Advisors
24
Citadel Advisors
Florida
$510K +$111K +4,843 +26%
Osaic Holdings
25
Osaic Holdings
Arizona
$496K +$98.8K +4,291 +23%
1
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SAR Hedge Fund Activity: Q1 2026 in Review

63 of the 8,125 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q1 2026, worth a combined $42.2M — down 13% from $48.4M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of SAR and 8 opened new positions — a net loss of 7 holders — while 9 trimmed existing stakes and 26 added.

The largest buyer was Bank of America, adding an estimated $551K. The largest seller was Closed-End Fund Advisors, exiting entirely with an estimated $3.68M sold.

  • 63 institutional investors held Saratoga Investment (SAR) as of Q1 2026, down from 71 in Q4 2025.
  • Funds reported $42.2M of Saratoga Investment stock for Q1 2026, down 13% quarter-over-quarter.
  • 8 funds opened new Saratoga Investment positions in Q1 2026 and 15 closed out, a net change of -7 holders.
  • The largest Saratoga Investment buyer in Q1 2026 was Bank of America, an estimated $551K added.
  • The largest Saratoga Investment seller in Q1 2026 was Closed-End Fund Advisors, an estimated $3.68M sold.

Based on aggregated 13F filings for Q1 2026.