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Saratoga Investment
SAR

58 hedge funds and large institutions have $67.9M invested in Saratoga Investment in 2022 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 10 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 10

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.84% less ownership

Funds ownership: 22.44% → 20.6% (-1.8%)

8% less funds holding

Funds holding: 63 → 58 (-5)

9% less capital invested

Capital invested by funds: $74.9M → $67.9M (-$7M)

38% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 13

75% less call options, than puts

Call options by funds: $59K | Put options by funds: $239K

Holders
58
Holders Change
-5
Holders Change %
-7.94%
% of All Funds
0.91%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
8
Increased
25
Reduced
10
Closed
13
Calls
$59K
Puts
$239K
Net Calls
-$180K
Net Calls Change
-$180K

Top Buyers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
+$1.74M
2
BDCM
Black Diamond Capital Management
Connecticut
+$1.06M
3
PAG
Private Advisor Group
New Jersey
+$468K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$241K
5
AAS
Avantax Advisory Services
Texas
+$230K

Top Sellers

Rank Fund Capital Flow
1
Two Sigma Investments
Two Sigma Investments
New York
-$900K
2
Marshall Wace
Marshall Wace
United Kingdom
-$897K
3
Millennium Management
Millennium Management
New York
-$834K
4
HWAM
Hennion & Walsh Asset Management
New Jersey
-$824K
5
PI
Putnam Investments
Massachusetts
-$703K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$533K -$302 -11 -0.1%
BA
27
Bard Associates
Illinois
$493K +$65.7K +2,390 +15%
VEA
28
Virtus ETF Advisers
New York
$479K +$94.4K +3,435 +24%
Northern Trust
29
Northern Trust
Illinois
$378K +$37.9K +1,378 +11%
BRWA
30
B. Riley Wealth Advisors
Florida
$370K +$39.3K +1,430 +12%
DTC
31
Davidson Trust Company
Washington
$354K – – –
JMPWA
32
JP Morgan Private Wealth Advisors
California
$354K +$110K +4,006 +45%
AIP
33
Ahrens Investment Partners
Louisiana
$325K +$61K +2,220 +23%
Citadel Advisors
34
Citadel Advisors
Florida
$306K -$575K -20,913 -65%
FAIM
35
Financial Advocates Investment Management
Washington
$240K +$44K +1,602 +22%
Cambridge Investment Research Advisors
36
Cambridge Investment Research Advisors
Iowa
$239K +$241K +8,771 New
AAS
37
Avantax Advisory Services
Texas
$228K +$230K +8,383 New
TC
38
TAP Consulting
Missouri
$227K +$8.52K +310 +4%
MWM
39
Modera Wealth Management
New Jersey
$218K +$220K +8,000 New
UBS Group
40
UBS Group
Switzerland
$158K +$49K +1,783 +44%
IA
41
IFP Advisors
Florida
$154K +$183K +6,652 New
GWM
42
Geneos Wealth Management
Colorado
$47K – – –
TWM
43
Tradition Wealth Management
Minnesota
$39K +$1.46K +53 +4%
Lazard Asset Management
44
Lazard Asset Management
New York
$38K +$39.1K +1,421 New
CFB
45
Cullen/Frost Bankers
Texas
$37K – – –
Credit Agricole
46
Credit Agricole
France
$27K +$17.9K +650 +186%
APA
47
American Portfolios Advisors
New York
$24K – – –
SPIA
48
Steward Partners Investment Advisory
New York
$20K – – –
National Bank of Canada
49
National Bank of Canada
Quebec, Canada
$14K – – –
PP
50
PFS Partners
New Jersey
$13.7K – – –
1
2
3

SAR Hedge Fund Activity: Q1 2022 in Review

58 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q1 2022, worth a combined $67.9M — down 9.3% from $74.9M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of SAR and 8 opened new positions — a net loss of 5 holders — while 10 trimmed existing stakes and 25 added.

The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $1.74M. The largest seller was Two Sigma Investments, cutting an estimated $900K.

  • 58 institutional investors held Saratoga Investment (SAR) as of Q1 2022, down from 63 in Q4 2021.
  • Funds reported $67.9M of Saratoga Investment stock for Q1 2022, down 9.3% quarter-over-quarter.
  • 8 funds opened new Saratoga Investment positions in Q1 2022 and 13 closed out, a net change of -5 holders.
  • The largest Saratoga Investment buyer in Q1 2022 was Thomas J. Herzfeld Advisors, an estimated $1.74M added.
  • The largest Saratoga Investment seller in Q1 2022 was Two Sigma Investments, an estimated $900K sold.

Based on aggregated 13F filings for Q1 2022.