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Saratoga Investment

26 hedge funds and large institutions have $24M invested in Saratoga Investment in 2018 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

3.73% less ownership

Funds ownership: 19.75%16.02% (-3.7%)

11% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 9

13% less funds holding

Funds holding: 3026 (-4)

16% less capital invested

Capital invested by funds: $28.7M → $24M (-$4.73M)

57% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 7

Holders
26
Holders Change
-4
Holders Change %
-13.33%
% of All Funds
0.58%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
3
Increased
8
Reduced
9
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BDCM
1
Black Diamond Capital Management
Connecticut
$15.4M
LTFS
2
Ladenburg Thalmann Financial Services
Florida
$2.27M -$100K -4,628 -4%
PA
3
PFG Advisors
Arizona
$893K +$839K +38,703 New
MCM
4
McKinley Capital Management
Alaska
$658K -$39.9K -1,841 -5%
Legal & General Group
5
Legal & General Group
United Kingdom
$646K +$175K +8,054 +33%
Wells Fargo
6
Wells Fargo
California
$630K +$5.33K +246 +0.8%
OAM
7
Oxford Asset Management
United Kingdom
$613K +$60.9K +2,807 +10%
JMPWA
8
JP Morgan Private Wealth Advisors
California
$578K +$11.5K +530 +2%
BTS
9
BB&T Securities
Virginia
$488K +$533K +24,555 New
AWW
10
Alan W. Weber
$344K
BAM
11
Belpointe Asset Management
Nevada
$313K -$9.54K -440 -3%
Northern Trust
12
Northern Trust
Illinois
$238K -$2.17K -100 -0.8%
JP Morgan Chase
13
JP Morgan Chase
New York
$236K +$179K +8,263 +230%
AIP
14
Ahrens Investment Partners
Louisiana
$203K -$15.2K -700 -6%
VFA
15
Valeo Financial Advisors
Indiana
$178K +$69.4K +3,200 +56%
UBS Group
16
UBS Group
Switzerland
$69K +$5.31K +245 +8%
Morgan Stanley
17
Morgan Stanley
New York
$48K -$33.7K -1,555 -39%
Macquarie Group
18
Macquarie Group
Australia
$39K +$17.1K +790 +69%
APA
19
American Portfolios Advisors
New York
$34.8K -$108 -5 -0.3%
AG
20
Advisor Group
Arizona
$33K
CBT
21
Capital Bank & Trust
California
$20K
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$14K
TRCT
23
Tower Research Capital (TRC)
New York
$7K -$1.82K -84 -20%
GWM
24
Geneos Wealth Management
Colorado
$7K
Bank of America
25
Bank of America
North Carolina
$1K -$22 -1 -2%

SAR Hedge Fund Activity: Q4 2018 in Review

26 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q4 2018, worth a combined $24M — down 16% from $28.7M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of SAR and 3 opened new positions — a net loss of 4 holders — while 9 trimmed existing stakes and 8 added.

The largest buyer was PFG Advisors, opening a new position worth an estimated $839K. The largest seller was Millennium Management, exiting entirely with an estimated $929K sold.

  • 26 institutional investors held Saratoga Investment (SAR) as of Q4 2018, down from 30 in Q3 2018.
  • Funds reported $24M of Saratoga Investment stock for Q4 2018, down 16% quarter-over-quarter.
  • 3 funds opened new Saratoga Investment positions in Q4 2018 and 7 closed out, a net change of -4 holders.
  • The largest Saratoga Investment buyer in Q4 2018 was PFG Advisors, an estimated $839K added.
  • The largest Saratoga Investment seller in Q4 2018 was Millennium Management, an estimated $929K sold.

Based on aggregated 13F filings for Q4 2018.