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Saratoga Investment
SAR

48 hedge funds and large institutions have $48.6M invested in Saratoga Investment in 2022 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

13,450% more call options, than puts

Call options by funds: $271K | Put options by funds: $2K

100% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 11

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.25% less ownership

Funds ownership: 19.73% → 19.48% (-0.25%)

11% less funds holding

Funds holding: 54 → 48 (-6)

14% less capital invested

Capital invested by funds: $56.3M → $48.6M (-$7.67M)

55% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 11

Holders
48
Holders Change
-6
Holders Change %
-11.11%
% of All Funds
0.83%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
22
Reduced
11
Closed
11
Calls
$271K
Puts
$2K
Net Calls
+$269K
Net Calls Change
-$9K

Top Buyers

Rank Fund Capital Flow
1
NLP
Next Level Private
New York
+$665K
2
BDCM
Black Diamond Capital Management
Connecticut
+$286K
3
CC
Claybrook Capital
Massachusetts
+$278K
4
HWAM
Hennion & Walsh Asset Management
New Jersey
+$245K
5
LFG
Larson Financial Group
Missouri
+$204K

Top Sellers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.97M
2
Millennium Management
Millennium Management
New York
-$393K
3
Two Sigma Investments
Two Sigma Investments
New York
-$378K
4
Two Sigma Advisers
Two Sigma Advisers
New York
-$346K
5
AAS
Avantax Advisory Services
Texas
-$212K
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
26
Rockefeller Capital Management
New York
$380K -$19.9K -826 -4%
BRWA
27
B. Riley Wealth Advisors
Florida
$348K +$29.4K +1,225 +8%
VEA
28
Virtus ETF Advisers
New York
$337K -$25.4K -1,058 -6%
BA
29
Bard Associates
Illinois
$334K -$3.85K -160 -1%
Northern Trust
30
Northern Trust
Illinois
$320K +$28.7K +1,194 +8%
JMPWA
31
JP Morgan Private Wealth Advisors
California
$284K +$40.8K +1,696 +14%
DTC
32
Davidson Trust Company
Washington
$228K -$48.1K -2,000 -15%
LFG
33
Larson Financial Group
Missouri
$176K +$204K +8,468 New
IA
34
IFP Advisors
Florida
$155K +$1.83K +76 +1%
UBS Group
35
UBS Group
Switzerland
$87K -$18.7K -777 -16%
TWM
36
Tradition Wealth Management
Minnesota
$31K +$889 +37 +3%
CFB
37
Cullen/Frost Bankers
Texas
$19K – – –
APA
38
American Portfolios Advisors
New York
$18.3K – – –
SPIA
39
Steward Partners Investment Advisory
New York
$15K – – –
PP
40
PFS Partners
New Jersey
$10.4K – – –
National Bank of Canada
41
National Bank of Canada
Quebec, Canada
$10K – – –
ACM
42
Aquatic Capital Management
Illinois
$10K +$5.5K +229 +85%
CHA
43
Carmichael Hill & Associates
Maryland
$7K – – –
TRCT
44
Tower Research Capital (TRC)
New York
$6K +$7.24K +301 New
LWANC
45
Laurel Wealth Advisors (North Carolina)
North Carolina
$5K – – –
FMP
46
Financial Management Professionals
Texas
$4K – – –
TJHA
47
Thomas J. Herzfeld Advisors
Florida
– -$1.97M -81,998 Closed
Millennium Management
48
Millennium Management
New York
– -$393K -16,392 Closed
Two Sigma Investments
49
Two Sigma Investments
New York
– -$378K -15,788 Closed
AAS
50
Avantax Advisory Services
Texas
– -$212K -8,852 Closed
1
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SAR Hedge Fund Activity: Q3 2022 in Review

48 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q3 2022, worth a combined $48.6M — down 14% from $56.3M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of SAR and 5 opened new positions — a net loss of 6 holders — while 11 trimmed existing stakes and 22 added.

The largest buyer was Next Level Private, opening a new position worth an estimated $665K. The largest seller was Thomas J. Herzfeld Advisors, exiting entirely with an estimated $1.97M sold.

  • 48 institutional investors held Saratoga Investment (SAR) as of Q3 2022, down from 54 in Q2 2022.
  • Funds reported $48.6M of Saratoga Investment stock for Q3 2022, down 14% quarter-over-quarter.
  • 5 funds opened new Saratoga Investment positions in Q3 2022 and 11 closed out, a net change of -6 holders.
  • The largest Saratoga Investment buyer in Q3 2022 was Next Level Private, an estimated $665K added.
  • The largest Saratoga Investment seller in Q3 2022 was Thomas J. Herzfeld Advisors, an estimated $1.97M sold.

Based on aggregated 13F filings for Q3 2022.