Saratoga Investment
SAR
64 hedge funds and large institutions have $60.8M invested in Saratoga Investment in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 29 increasing their positions, 9 reducing their positions, and 13 closing their positions.
613% more call options, than puts
Call options by funds: $1M | Put options by funds: $141K
222% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 9
27% more capital invested
Capital invested by funds: $47.8M → $60.8M (+$13M)
4.01% more ownership
Funds ownership: 14.95% → 18.96% (+4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 66 → 64 (-2)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$4.47M |
| 2 |
Two Sigma Investments
New York
|
+$3.08M |
| 3 |
SM
Scoggin Management
New York
|
+$2.99M |
| 4 |
Two Sigma Advisers
New York
|
+$2.12M |
| 5 |
AGM
Alpine Global Management
New York
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BDCM
Black Diamond Capital Management
Stamford,
Connecticut
|
-$2.6M |
| 2 |
AR
Advisory Research
Chicago,
Illinois
|
-$727K |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$648K |
| 4 |
D.E. Shaw & Co
New York
|
-$552K |
| 5 |
Cerity Partners
New York
|
-$505K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Rockefeller Capital Management
New York
| – | -$193K | -7,143 | Closed |
|
|
TFA
77
Toth Financial Advisory
Leesburg,
Virginia
| – | -$70.2K | -2,600 | Closed |
|
78
Citigroup
New York
| – | -$216 | -8 | Closed |
|
SAR Hedge Fund Activity: Q3 2023 in Review
64 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q3 2023, worth a combined $60.8M — up 27% from $47.8M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of SAR and 11 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 29 added.
The largest buyer was Millennium Management, adding an estimated $4.47M. The largest seller was Black Diamond Capital Management, exiting entirely with an estimated $2.6M sold.
- 64 institutional investors held Saratoga Investment (SAR) as of Q3 2023, down from 66 in Q2 2023.
- Funds reported $60.8M of Saratoga Investment stock for Q3 2023, up 27% quarter-over-quarter.
- 11 funds opened new Saratoga Investment positions in Q3 2023 and 13 closed out, a net change of -2 holders.
- The largest Saratoga Investment buyer in Q3 2023 was Millennium Management, an estimated $4.47M added.
- The largest Saratoga Investment seller in Q3 2023 was Black Diamond Capital Management, an estimated $2.6M sold.
Based on aggregated 13F filings for Q3 2023.