Saratoga Investment
SAR
22 hedge funds and large institutions have $21.1M invested in Saratoga Investment in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 5 reducing their positions, and 6 closing their positions.
120% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 5
5% more capital invested
Capital invested by funds: $20M → $21.1M (+$1.08M)
0.79% more ownership
Funds ownership: 22.89% → 23.67% (+0.79%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 24 → 22 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCA
Mendon Capital Advisors
Key Largo,
Florida
|
+$435K |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$304K |
| 3 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
+$260K |
| 4 |
BDCM
Black Diamond Capital Management
Stamford,
Connecticut
|
+$254K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$148K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
-$656K |
| 2 |
OAM
Orinda Asset Management
Lafayette,
California
|
-$287K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$169K |
| 4 |
Morgan Stanley
New York
|
-$53.1K |
| 5 |
Citigroup
New York
|
-$51.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
26
IFP Advisors
Tampa,
Florida
| – | -$2K | -160 | Closed |
|
|
AIG
27
American International Group
New York
| – | -$2K | -118 | Closed |
|
28
Wells Fargo
San Francisco,
California
| – | -$14 | -1 | Closed |
|
SAR Hedge Fund Activity: Q1 2016 in Review
22 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q1 2016, worth a combined $21.1M — up 5.4% from $20M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SAR and 4 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 11 added.
The largest buyer was Mendon Capital Advisors, adding an estimated $435K. The largest seller was Dialectic Capital Management, exiting entirely with an estimated $656K sold.
- 22 institutional investors held Saratoga Investment (SAR) as of Q1 2016, down from 24 in Q4 2015.
- Funds reported $21.1M of Saratoga Investment stock for Q1 2016, up 5.4% quarter-over-quarter.
- 4 funds opened new Saratoga Investment positions in Q1 2016 and 6 closed out, a net change of -2 holders.
- The largest Saratoga Investment buyer in Q1 2016 was Mendon Capital Advisors, an estimated $435K added.
- The largest Saratoga Investment seller in Q1 2016 was Dialectic Capital Management, an estimated $656K sold.
Based on aggregated 13F filings for Q1 2016.