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Saratoga Investment
SAR

44 hedge funds and large institutions have $29.4M invested in Saratoga Investment in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

7% more funds holding

Funds holding: 41 → 44 (+3)

7% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 14

8.99% less ownership

Funds ownership: 21.63% → 12.64% (-9%)

27% less capital invested

Capital invested by funds: $40.4M → $29.4M (-$11M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
44
Holders Change
+3
Holders Change %
+7.32%
% of All Funds
0.78%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
10
Increased
13
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AIP
Ahrens Investment Partners
Louisiana
+$616K
2
CCM
Callodine Capital Management
Massachusetts
+$362K
3
VF
Virtu Financial
New York
+$323K
4
Truist Financial
Truist Financial
North Carolina
+$291K
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$229K

Top Sellers

Rank Fund Capital Flow
1
RCM
Radcliffe Capital Management
Pennsylvania
-$1.09M
2
JMPWA
JP Morgan Private Wealth Advisors
California
-$881K
3
Morgan Stanley
Morgan Stanley
New York
-$668K
4
AM
Ares Management
California
-$578K
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$413K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$240K +$104K +5,160 +81%
Morgan Stanley
27
Morgan Stanley
New York
$236K -$668K -33,279 -75%
Northern Trust
28
Northern Trust
Illinois
$236K -$50.2K -2,502 -18%
VEA
29
Virtus ETF Advisers
New York
$206K -$52.1K -2,597 -21%
IAIM
30
International Assets Investment Management
Florida
$111K +$93.3K +4,650 New
TRCT
31
Tower Research Capital (TRC)
New York
$33K -$2.39K -119 -7%
TWM
32
Tradition Wealth Management
Minnesota
$27K +$25.9K +1,289 New
Rockefeller Capital Management
33
Rockefeller Capital Management
New York
$26K +$25.3K +1,263 New
WEC
34
Winslow Evans & Crocker
Massachusetts
$25K +$24.1K +1,200 New
JP Morgan Chase
35
JP Morgan Chase
New York
$21K +$20.1K +1,000 New
FIA
36
FNY Investment Advisers
New York
$19K +$18.8K +937 New
APA
37
American Portfolios Advisors
New York
$18.3K – – –
GWM
38
Geneos Wealth Management
Colorado
$9K – – –
SSB
39
Sandy Spring Bank
Maryland
$8K – – –
LWANC
40
Laurel Wealth Advisors (North Carolina)
North Carolina
$5K – – –
ICP
41
Interchange Capital Partners
Pennsylvania
$5K +$5.01K +250 New
ASN
42
Advisory Services Network
Georgia
$2K +$40 +2 +2%
AWM
43
Avior Wealth Management
Nebraska
$1K +$1.81K +90 New
RCM
44
Radcliffe Capital Management
Pennsylvania
– -$1.09M -65,000 Closed
JMPWA
45
JP Morgan Private Wealth Advisors
California
– -$881K -52,497 Closed
Two Sigma Advisers
46
Two Sigma Advisers
New York
– -$413K -24,600 Closed
IFG
47
Independent Financial Group
California
– -$223K -13,300 Closed
CCM
48
Chiron Capital Management
Florida
– -$4K -225 Closed
OIA
49
Optimum Investment Advisors
Illinois
– -$3K -200 Closed
OIM
50
Oder Investment Management
California
– +$60 +3 New
1
2

SAR Hedge Fund Activity: Q4 2020 in Review

44 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q4 2020, worth a combined $29.4M — down 27% from $40.4M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new SAR positions and 6 closed out — a net gain of 4 holders — while 13 added to existing stakes and 14 trimmed.

The largest buyer was Ahrens Investment Partners, adding an estimated $616K. The largest seller was Radcliffe Capital Management, exiting entirely with an estimated $1.09M sold.

  • 44 institutional investors held Saratoga Investment (SAR) as of Q4 2020, up from 41 in Q3 2020.
  • Funds reported $29.4M of Saratoga Investment stock for Q4 2020, down 27% quarter-over-quarter.
  • 10 funds opened new Saratoga Investment positions in Q4 2020 and 6 closed out, a net change of +4 holders.
  • The largest Saratoga Investment buyer in Q4 2020 was Ahrens Investment Partners, an estimated $616K added.
  • The largest Saratoga Investment seller in Q4 2020 was Radcliffe Capital Management, an estimated $1.09M sold.

Based on aggregated 13F filings for Q4 2020.