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Saratoga Investment

71 hedge funds and large institutions have $55.1M invested in Saratoga Investment in 2025 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 15 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

67% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 15

9% more funds holding

Funds holding: 6571 (+6)

5% less capital invested

Capital invested by funds: $57.9M → $55.1M (-$2.83M)

1.05% less ownership

Funds ownership: 15.2%14.15% (-1.1%)

31% less call options, than puts

Call options by funds: $1M | Put options by funds: $1.45M

Holders
71
Holders Change
+6
Holders Change %
+9.23%
% of All Funds
0.93%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
13
Increased
25
Reduced
15
Closed
6
Calls
$1M
Puts
$1.45M
Net Calls
-$449K
Net Calls Change
-$267K
Name Holding Trade Value Shares
Change
Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$615K +$22.7K +911 +4%
Raymond James Financial
27
Raymond James Financial
Florida
$563K -$195K -7,796 -25%
PA
28
PFG Advisors
Arizona
$535K +$150 +6 +0%
Cetera Investment Advisers
29
Cetera Investment Advisers
Illinois
$488K +$248K +9,926 +98%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$463K -$83.1K -3,331 -15%
Kovitz Investment Group Partners
31
Kovitz Investment Group Partners
Illinois
$434K -$798 -32 -0.2%
BHCM
32
Brevan Howard Capital Management
Jersey
$431K +$441K +17,675 New
Marshall Wace
33
Marshall Wace
United Kingdom
$406K +$415K +16,631 New
FFN
34
Focus Financial Network
Minnesota
$382K +$391K +15,655 New
BA
35
Bard Associates
Illinois
$348K -$39.6K -1,589 -10%
SS
36
Sunbelt Securities
Texas
$326K +$207K +8,300 +163%
VA
37
VestGen Advisors
Illinois
$311K +$318K +12,759 New
ACM
38
Aquatic Capital Management
Illinois
$310K +$311K +12,470 +4,815%
DTC
39
Davidson Trust Company
Washington
$268K
HighTower Advisors
40
HighTower Advisors
Illinois
$265K +$524 +21 +0.2%
WS
41
Wedbush Securities
California
$261K
Susquehanna International Group
42
Susquehanna International Group
Pennsylvania
$252K +$258K +10,346 New
JP Morgan Chase
43
JP Morgan Chase
New York
$174K -$4.69K -188 -3%
Osaic Holdings
44
Osaic Holdings
Arizona
$168K +$8.98K +360 +6%
RFA
45
Register Financial Advisors
Georgia
$145K +$474 +19 +0.3%
HI
46
Harbour Investments
Wisconsin
$72.5K +$49.2K +1,973 +197%
Simplex Trading
47
Simplex Trading
Illinois
$68K +$70.6K +2,828 +282,800%
BCWM
48
Bartlett & Co Wealth Management
Ohio
$48.8K
ASN
49
Advisory Services Network
Georgia
$44.9K +$45.9K +1,841 New
QT
50
Quantbot Technologies
New York
$35.7K +$36.5K +1,464 New

SAR Hedge Fund Activity: Q3 2025 in Review

71 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q3 2025, worth a combined $55.1M — down 4.9% from $57.9M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new SAR positions and 6 closed out — a net gain of 7 holders — while 25 added to existing stakes and 15 trimmed.

The largest buyer was BlackRock, adding an estimated $730K. The largest seller was Two Sigma Advisers, cutting an estimated $3.27M.

  • 71 institutional investors held Saratoga Investment (SAR) as of Q3 2025, up from 65 in Q2 2025.
  • Funds reported $55.1M of Saratoga Investment stock for Q3 2025, down 4.9% quarter-over-quarter.
  • 13 funds opened new Saratoga Investment positions in Q3 2025 and 6 closed out, a net change of +7 holders.
  • The largest Saratoga Investment buyer in Q3 2025 was BlackRock, an estimated $730K added.
  • The largest Saratoga Investment seller in Q3 2025 was Two Sigma Advisers, an estimated $3.27M sold.

Based on aggregated 13F filings for Q3 2025.