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Saratoga Investment
SAR

17 hedge funds and large institutions have $19.3M invested in Saratoga Investment in 2015 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 1 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,000% more repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 1

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

10% more capital invested

Capital invested by funds: $17.5M → $19.3M (+$1.79M)

6% more funds holding

Funds holding: 16 → 17 (+1)

2.58% more ownership

Funds ownership: 18.77% → 21.35% (+2.6%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
17
Holders Change
+1
Holders Change %
+6.25%
% of All Funds
0.47%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
3
Increased
11
Reduced
1
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$1.37M
2
MCM
McKinley Capital Management
Alaska
+$416K
3
RVPG
Relative Value Partners Group
+$367K
4
Ameriprise
Ameriprise
Minnesota
+$287K
5
FP
Foundry Partners
Minnesota
+$194K

Top Sellers

Rank Fund Capital Flow
1
CIM
Confluence Investment Management
Missouri
-$256K
2
Morgan Stanley
Morgan Stanley
New York
-$29K
3
Wells Fargo
Wells Fargo
California
-$17
Name Holding Trade Value Shares
Change 		Change in
Stake
BDCM
1
Black Diamond Capital Management
Connecticut
$9.23M +$188K +11,278 +2%
RCM
2
Rivernorth Capital Management
Florida
$3.51M +$1.37M +82,511 +61%
DCM
3
Dialectic Capital Management
Connecticut
$1.65M +$150K +8,989 +10%
FP
4
Foundry Partners
Minnesota
$1.41M +$194K +11,645 +15%
RVPG
5
Relative Value Partners Group
$1.11M +$367K +22,051 +47%
CAS
6
Cue Advisory Services
Arizona
$691K – – –
MCM
7
McKinley Capital Management
Alaska
$404K +$416K +25,004 New
Ameriprise
8
Ameriprise
Minnesota
$279K +$287K +17,277 New
Morgan Stanley
9
Morgan Stanley
New York
$260K -$29K -1,744 -10%
LTFS
10
Ladenburg Thalmann Financial Services
Florida
$234K +$93.1K +5,596 +63%
OAM
11
Orinda Asset Management
California
$220K +$28.2K +1,695 +14%
Legal & General Group
12
Legal & General Group
United Kingdom
$108K +$2.35K +141 +2%
MFS
13
MSI Financial Services
Massachusetts
$97K +$49K +2,947 +97%
Citigroup
14
Citigroup
New York
$57K +$29.8K +1,790 +102%
TRCT
15
Tower Research Capital (TRC)
New York
$4K +$50 +3 +1%
Walleye Trading
16
Walleye Trading
New York
$3K +$3.33K +200 New
Manulife (Manufacturers Life Insurance)
17
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$7 – – –
CIM
18
Confluence Investment Management
Missouri
– -$256K -14,936 Closed
Wells Fargo
19
Wells Fargo
California
– -$17 -1 Closed

SAR Hedge Fund Activity: Q3 2015 in Review

17 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q3 2015, worth a combined $19.3M — up 10% from $17.5M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new SAR positions and 2 closed out — a net gain of 1 holder — while 11 added to existing stakes and 1 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $1.37M. The largest seller was Confluence Investment Management, exiting entirely with an estimated $256K sold.

  • 17 institutional investors held Saratoga Investment (SAR) as of Q3 2015, up from 16 in Q2 2015.
  • Funds reported $19.3M of Saratoga Investment stock for Q3 2015, up 10% quarter-over-quarter.
  • 3 funds opened new Saratoga Investment positions in Q3 2015 and 2 closed out, a net change of +1 holder.
  • The largest Saratoga Investment buyer in Q3 2015 was Rivernorth Capital Management, an estimated $1.37M added.
  • The largest Saratoga Investment seller in Q3 2015 was Confluence Investment Management, an estimated $256K sold.

Based on aggregated 13F filings for Q3 2015.