Saratoga Investment
SAR
44 hedge funds and large institutions have $23.9M invested in Saratoga Investment in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 13 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
5.32% less ownership
Funds ownership: 23.73% → 18.41% (-5.3%)
6% less funds holding
Funds holding: 47 → 44 (-3)
59% less capital invested
Capital invested by funds: $57.8M → $23.9M (-$33.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$2.58M |
| 2 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$1.5M |
| 3 |
AA
ALPS Advisors
Denver,
Colorado
|
+$462K |
| 4 |
BDCM
Black Diamond Capital Management
Stamford,
Connecticut
|
+$395K |
| 5 |
AWW
Alan W. Weber
|
+$381K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$2.65M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.49M |
| 3 |
Millennium Management
New York
|
-$1.5M |
| 4 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.31M |
| 5 |
WA
WESPAC Advisors
Orinda,
California
|
-$1.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CPIG
51
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$219K | -7,836 | Closed |
|
|
MWNA
52
Marshall Wace North America
New York
| – | -$58K | -2,328 | Closed |
|
|
SIM
53
Sonora Investment Management
Tucson,
Arizona
| – | -$12K | -500 | Closed |
|
|
RIA
54
Realta Investment Advisors
Wilmington,
Delaware
| – | -$10K | -400 | Closed |
|
|
SIS
55
Sound Income Strategies
Ft Lauderdale,
Florida
| – | -$7K | -300 | Closed |
|
56
Fidelity Investments
Boston,
Massachusetts
| – | +$23 | +1 | New |
|
SAR Hedge Fund Activity: Q1 2020 in Review
44 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q1 2020, worth a combined $23.9M — down 59% from $57.8M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of SAR and 12 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 13 added.
The largest buyer was Putnam Investments, opening a new position worth an estimated $2.58M. The largest seller was D.E. Shaw & Co, cutting an estimated $2.65M.
- 44 institutional investors held Saratoga Investment (SAR) as of Q1 2020, down from 47 in Q4 2019.
- Funds reported $23.9M of Saratoga Investment stock for Q1 2020, down 59% quarter-over-quarter.
- 12 funds opened new Saratoga Investment positions in Q1 2020 and 13 closed out, a net change of -1 holder.
- The largest Saratoga Investment buyer in Q1 2020 was Putnam Investments, an estimated $2.58M added.
- The largest Saratoga Investment seller in Q1 2020 was D.E. Shaw & Co, an estimated $2.65M sold.
Based on aggregated 13F filings for Q1 2020.