Saratoga Investment
SAR
71 hedge funds and large institutions have $48.4M invested in Saratoga Investment in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 22 reducing their positions, and 10 closing their positions.
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
0% more funds holding
Funds holding: 71 → 71 (0)
5% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 22
1.18% less ownership
Funds ownership: 14.15% → 12.96% (-1.2%)
12% less capital invested
Capital invested by funds: $55.1M → $48.4M (-$6.64M)
48% less call options, than puts
Call options by funds: $817K | Put options by funds: $1.57M
Top Buyers
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$580K |
| 2 |
Legal & General Group
London,
United Kingdom
|
+$539K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$418K |
| 4 |
DTL
Dynamic Technology Lab
Singapore
|
+$300K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$273K |
Top Sellers
| 1 |
Two Sigma Advisers
New York
|
-$2.03M |
| 2 |
Two Sigma Investments
New York
|
-$1.08M |
| 3 |
Morgan Stanley
New York
|
-$1.06M |
| 4 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
-$984K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$875K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BA
76
Bard Associates
Chicago,
Illinois
| – | -$348K | -14,256 | Closed |
|
|
VA
77
VestGen Advisors
Inverness,
Illinois
| – | -$311K | -12,759 | Closed |
|
|
ASN
78
Advisory Services Network
Atlanta,
Georgia
| – | -$44.9K | -1,841 | Closed |
|
|
QT
79
Quantbot Technologies
New York
| – | -$35.7K | -1,464 | Closed |
|
|
HFS
80
Hantz Financial Services
Southfield,
Michigan
| – | -$2K | -75 | Closed |
|
81
Fidelity Investments
Boston,
Massachusetts
| – | -$24 | -1 | Closed |
|
SAR Hedge Fund Activity: Q4 2025 in Review
71 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q4 2025, worth a combined $48.4M — down 12% from $55.1M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new SAR positions and 10 closed out — a net gain of 1 holder — while 21 added to existing stakes and 22 trimmed.
The largest buyer was Focus Partners Wealth, opening a new position worth an estimated $580K. The largest seller was Two Sigma Advisers, cutting an estimated $2.03M.
- 71 institutional investors held Saratoga Investment (SAR) as of Q4 2025, unchanged from Q3 2025.
- Funds reported $48.4M of Saratoga Investment stock for Q4 2025, down 12% quarter-over-quarter.
- 11 funds opened new Saratoga Investment positions in Q4 2025 and 10 closed out, a net change of +1 holder.
- The largest Saratoga Investment buyer in Q4 2025 was Focus Partners Wealth, an estimated $580K added.
- The largest Saratoga Investment seller in Q4 2025 was Two Sigma Advisers, an estimated $2.03M sold.
Based on aggregated 13F filings for Q4 2025.