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Saratoga Investment
SAR

16 hedge funds and large institutions have $31.2M invested in Saratoga Investment in 2013 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 1

167% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 3

87% more capital invested

Capital invested by funds: $16.6M → $31.2M (+$14.5M)

49.81% more ownership

Funds ownership: 11.14% → 60.95% (+50%)

33% more funds holding

Funds holding: 12 → 16 (+4)

Holders
16
Holders Change
+4
Holders Change %
+33.33%
% of All Funds
0.46%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
5
Increased
8
Reduced
3
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Macquarie Group
Macquarie Group
Australia
+$30M
2
BTS
BB&T Securities
Virginia
+$694K
3
ACM
Ativo Capital Management
Illinois
+$438K
4
Bank of America
Bank of America
North Carolina
+$386K
5
RCM
Raging Capital Management
New Jersey
+$312K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$221K
2
Legal & General Group
Legal & General Group
United Kingdom
-$7.99K
3
Citigroup
Citigroup
New York
-$1.43K
Name Holding Trade Value Shares
Change 		Change in
Stake
BTS
1
BB&T Securities
Virginia
$12.6M +$694K +40,304 +100%
BDCM
2
Black Diamond Capital Management
Connecticut
$7.92M +$8.71M +505,935 New
RCM
3
Raging Capital Management
New Jersey
$4.98M +$312K +18,139 +6%
Bank of America
4
Bank of America
North Carolina
$2.39M +$386K +22,407 +17%
Macquarie Group
5
Macquarie Group
Australia
$1.99M +$30M +1,743,199 New
ACM
6
Ativo Capital Management
Illinois
$398K +$438K +25,457 New
Morgan Stanley
7
Morgan Stanley
New York
$379K +$68.6K +3,984 +20%
CIM
8
Confluence Investment Management
Missouri
$234K +$14.7K +851 +6%
BFA
9
BlackRock Fund Advisors
California
$131K +$110K +6,367 +315%
Legal & General Group
10
Legal & General Group
United Kingdom
$57K -$7.99K -464 -11%
U
11
UBS
Switzerland
$46K +$9.93K +577 +24%
TRCT
12
Tower Research Capital (TRC)
New York
$33K +$29K +1,683 +402%
DA
13
Denali Advisors
California
$4K +$4.37K +254 New
Wells Fargo
14
Wells Fargo
California
$3K -$221K -12,839 -99%
BNP Paribas Financial Markets
15
BNP Paribas Financial Markets
France
$657 +$723 +42 New
Citigroup
16
Citigroup
New York
– -$1.43K -83 -83%

SAR Hedge Fund Activity: Q4 2013 in Review

16 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q4 2013, worth a combined $31.2M — up 87% from $16.6M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new SAR positions and 1 closed out — a net gain of 4 holders — while 8 added to existing stakes and 3 trimmed.

The largest buyer was Macquarie Group, opening a new position worth an estimated $30M. The largest seller was Wells Fargo, cutting an estimated $221K.

  • 16 institutional investors held Saratoga Investment (SAR) as of Q4 2013, up from 12 in Q3 2013.
  • Funds reported $31.2M of Saratoga Investment stock for Q4 2013, up 87% quarter-over-quarter.
  • 5 funds opened new Saratoga Investment positions in Q4 2013 and 1 closed out, a net change of +4 holders.
  • The largest Saratoga Investment buyer in Q4 2013 was Macquarie Group, an estimated $30M added.
  • The largest Saratoga Investment seller in Q4 2013 was Wells Fargo, an estimated $221K sold.

Based on aggregated 13F filings for Q4 2013.