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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$2M |
| 2 |
Two Sigma Investments
New York
|
+$658K |
| 3 |
Two Sigma Advisers
New York
|
+$653K |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$515K |
| 5 |
TI
Trexquant Investment
Stamford,
Connecticut
|
+$305K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BDCM
Black Diamond Capital Management
Stamford,
Connecticut
|
-$13.5M |
| 2 |
BPC
Banque Pictet & Cie
Geneva 73,
Switzerland
|
-$1.13M |
| 3 |
PNAA
Pictet North America Advisors
Geneva 73,
Switzerland
|
-$1.13M |
| 4 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$426K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$342K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Simplex Trading
Chicago,
Illinois
| $13K | +$13.8K | +522 | +2,008% |
|
|
PP
52
PFS Partners
Mine Hill,
New Jersey
| $12.7K | – | – | – |
|
|
LWANC
53
Laurel Wealth Advisors (North Carolina)
Charlotte,
North Carolina
| $6.09K | – | – | – |
|
54
Fidelity Investments
Boston,
Massachusetts
| $5.99K | +$6.26K | +237 | New |
|
|
FMP
55
Financial Management Professionals
Austin,
Texas
| $5K | – | – | – |
|
56
JP Morgan Chase
New York
| $3K | +$2.64K | +100 | New |
|
57
Commonwealth Equity Services
Waltham,
Massachusetts
| $225 | +$9.3K | +352 | +4% |
|
|
TWA
58
TCI Wealth Advisors
Tucson,
Arizona
| $3 | – | – | – |
|
|
BPC
59
Banque Pictet & Cie
Geneva 73,
Switzerland
| – | -$1.13M | -44,468 | Closed |
|
|
PNAA
60
Pictet North America Advisors
Geneva 73,
Switzerland
| – | -$1.13M | -44,468 | Closed |
|
|
CFB
61
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$22.9K | -900 | Closed |
|
62
BlackRock
New York
| – | -$14 | -1 | Closed |
|
|
S
63
SignatureFD
Atlanta,
Georgia
| – | -$15 | -1 | Closed |
|
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.