Saratoga Investment
SAR
12 hedge funds and large institutions have $16.6M invested in Saratoga Investment in 2013 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 1 reducing their positions, and 1 closing their positions.
600% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 1
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
88% more capital invested
Capital invested by funds: $8.86M → $16.6M (+$7.78M)
9% more funds holding
Funds holding: 11 → 12 (+1)
0.11% more ownership
Funds ownership: 11.04% → 11.14% (+0.11%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.38M |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$371K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$237K |
| 4 |
Morgan Stanley
New York
|
+$103K |
| 5 |
Legal & General Group
London,
United Kingdom
|
+$29.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
-$3.06M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BTS
1
BB&T Securities
Richmond,
Virginia
| $7.53M | +$371K | +20,287 | +102% |
|
|
RCM
2
Raging Capital Management
Rocky Hill,
New Jersey
| $5.62M | -$3.06M | -167,721 | -36% |
|
|
3
Bank of America
Charlotte,
North Carolina
| $2.44M | +$2.38M | +130,503 | New |
|
|
4
Morgan Stanley
New York
| $378K | +$103K | +5,644 | +39% |
|
|
CIM
5
Confluence Investment Management
St. Louis,
Missouri
| $265K | – | – | – |
|
|
6
Wells Fargo
San Francisco,
California
| $243K | +$237K | +12,999 | +1,299,900% |
|
|
7
Legal & General Group
London,
United Kingdom
| $78K | +$29.5K | +1,615 | +65% |
|
|
U
8
UBS
Zurich,
Switzerland
| $44K | +$24.4K | +1,335 | +130% |
|
|
BFA
9
BlackRock Fund Advisors
San Francisco,
California
| $38K | +$2.96K | +162 | +9% |
|
|
TRCT
10
Tower Research Capital (TRC)
New York
| $8K | +$2.17K | +119 | +40% |
|
11
Citigroup
New York
| $2K | +$1.83K | +100 | New |
|
|
12
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1K | -35 | Closed |
|
SAR Hedge Fund Activity: Q3 2013 in Review
12 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q3 2013, worth a combined $16.6M — up 88% from $8.86M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new SAR positions and 1 closed out — a net gain of 1 holder — while 7 added to existing stakes and 1 trimmed.
The largest buyer was Bank of America, opening a new position worth an estimated $2.38M. The largest seller was Raging Capital Management, cutting an estimated $3.06M.
- 12 institutional investors held Saratoga Investment (SAR) as of Q3 2013, up from 11 in Q2 2013.
- Funds reported $16.6M of Saratoga Investment stock for Q3 2013, up 88% quarter-over-quarter.
- 2 funds opened new Saratoga Investment positions in Q3 2013 and 1 closed out, a net change of +1 holder.
- The largest Saratoga Investment buyer in Q3 2013 was Bank of America, an estimated $2.38M added.
- The largest Saratoga Investment seller in Q3 2013 was Raging Capital Management, an estimated $3.06M sold.
Based on aggregated 13F filings for Q3 2013.