Saratoga Investment
SAR
19 hedge funds and large institutions have $16.5M invested in Saratoga Investment in 2014 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
125% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 4
12% more funds holding
Funds holding: 17 → 19 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.39% less ownership
Funds ownership: 22.03% → 20.64% (-1.4%)
13% less capital invested
Capital invested by funds: $19M → $16.5M (-$2.51M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.26M |
| 2 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
+$615K |
| 3 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$466K |
| 4 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$336K |
| 5 |
BDCM
Black Diamond Capital Management
Stamford,
Connecticut
|
+$142K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
-$4.18M |
| 2 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$402K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$313K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$849 |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$485 |
SAR Hedge Fund Activity: Q4 2014 in Review
19 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q4 2014, worth a combined $16.5M — down 13% from $19M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new SAR positions and 1 closed out — a net gain of 3 holders — while 9 added to existing stakes and 4 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.26M. The largest seller was Raging Capital Management, exiting entirely with an estimated $4.18M sold.
- 19 institutional investors held Saratoga Investment (SAR) as of Q4 2014, up from 17 in Q3 2014.
- Funds reported $16.5M of Saratoga Investment stock for Q4 2014, down 13% quarter-over-quarter.
- 4 funds opened new Saratoga Investment positions in Q4 2014 and 1 closed out, a net change of +3 holders.
- The largest Saratoga Investment buyer in Q4 2014 was Rivernorth Capital Management, an estimated $1.26M added.
- The largest Saratoga Investment seller in Q4 2014 was Raging Capital Management, an estimated $4.18M sold.
Based on aggregated 13F filings for Q4 2014.