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Saratoga Investment
SAR

57 hedge funds and large institutions have $46.9M invested in Saratoga Investment in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 25 increasing their positions, 13 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

937% more call options, than puts

Call options by funds: $757K | Put options by funds: $73K

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

92% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 13

10% more funds holding

Funds holding: 52 → 57 (+5)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3.5% less ownership

Funds ownership: 19.19% → 15.69% (-3.5%)

18% less capital invested

Capital invested by funds: $56.9M → $46.9M (-$10M)

Holders
57
Holders Change
+5
Holders Change %
+9.62%
% 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
11
Increased
25
Reduced
13
Closed
5
Calls
$757K
Puts
$73K
Net Calls
+$684K
Net Calls Change
+$551K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$2M
2
Two Sigma Investments
Two Sigma Investments
New York
+$658K
3
Two Sigma Advisers
Two Sigma Advisers
New York
+$653K
4
PI
Putnam Investments
Massachusetts
+$515K
5
TI
Trexquant Investment
Connecticut
+$305K

Top Sellers

Rank Fund Capital Flow
1
BDCM
Black Diamond Capital Management
Connecticut
-$13.5M
2
BPC
Banque Pictet & Cie
Switzerland
-$1.13M
3
PNAA
Pictet North America Advisors
Switzerland
-$1.13M
4
HWAM
Hennion & Walsh Asset Management
New Jersey
-$426K
5
RJA
Raymond James & Associates
Florida
-$342K
Name Holding Trade Value Shares
Change 		Change in
Stake
BRWA
26
B. Riley Wealth Advisors
Florida
$527K +$1.61K +61 +0.3%
CPIG
27
Chicago Partners Investment Group
Illinois
$493K +$3.88K +147 +0.7%
BA
28
Bard Associates
Illinois
$415K +$5.29K +200 +1%
JMPWA
29
JP Morgan Private Wealth Advisors
California
$346K – – –
TI
30
Trexquant Investment
Connecticut
$292K +$305K +11,533 New
DTC
31
Davidson Trust Company
Washington
$278K – – –
Mariner
32
Mariner
Kansas
$251K +$10.1K +381 +4%
VEA
33
Virtus ETF Advisers
New York
$246K -$661 -25 -0.3%
LFG
34
Larson Financial Group
Missouri
$226K +$12K +455 +5%
AAS
35
Avantax Advisory Services
Texas
$222K +$232K +8,779 New
AWS
36
Atria Wealth Solutions
New York
$215K +$225K +8,505 New
Rockefeller Capital Management
37
Rockefeller Capital Management
New York
$210K +$3.3K +125 +2%
IA
38
IFP Advisors
Florida
$203K +$53.8K +2,034 +30%
SPIA
39
Steward Partners Investment Advisory
New York
$182K +$63.4K +2,400 +50%
RFA
40
Register Financial Advisors
Georgia
$146K +$2.35K +89 +2%
SS
41
Sunbelt Securities
Texas
$127K +$134K +5,082 New
IGWM
42
ICA Group Wealth Management
Colorado
$125K – – –
Citadel Advisors
43
Citadel Advisors
Florida
$108K -$155K -5,861 -58%
IAIM
44
International Assets Investment Management
Florida
$78.8K +$82.4K +3,116 New
Bank of America
45
Bank of America
North Carolina
$51.9K +$54.3K +2,053 New
TWM
46
Tradition Wealth Management
Minnesota
$40K +$2.14K +81 +5%
AIP
47
Ahrens Investment Partners
Louisiana
$32.2K +$33.6K +1,272 New
UBS Group
48
UBS Group
Switzerland
$28.5K -$10.5K -399 -26%
BAM
49
Belpointe Asset Management
Nevada
$25.3K – – –
ASN
50
Advisory Services Network
Georgia
$19.5K +$159 +6 +0.8%
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SAR Hedge Fund Activity: Q1 2023 in Review

57 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q1 2023, worth a combined $46.9M — down 18% from $56.9M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new SAR positions and 5 closed out — a net gain of 6 holders — while 25 added to existing stakes and 13 trimmed.

The largest buyer was Millennium Management, opening a new position worth an estimated $2M. The largest seller was Black Diamond Capital Management, cutting an estimated $13.5M.

  • 57 institutional investors held Saratoga Investment (SAR) as of Q1 2023, up from 52 in Q4 2022.
  • Funds reported $46.9M of Saratoga Investment stock for Q1 2023, down 18% quarter-over-quarter.
  • 11 funds opened new Saratoga Investment positions in Q1 2023 and 5 closed out, a net change of +6 holders.
  • The largest Saratoga Investment buyer in Q1 2023 was Millennium Management, an estimated $2M added.
  • The largest Saratoga Investment seller in Q1 2023 was Black Diamond Capital Management, an estimated $13.5M sold.

Based on aggregated 13F filings for Q1 2023.