Saratoga Investment
SAR
65 hedge funds and large institutions have $57.9M invested in Saratoga Investment in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 11 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 17
2.39% less ownership
Funds ownership: 17.59% → 15.2% (-2.4%)
3% less funds holding
Funds holding: 67 → 65 (-2)
9% less capital invested
Capital invested by funds: $63.9M → $57.9M (-$6.04M)
16% less call options, than puts
Call options by funds: $944K | Put options by funds: $1.13M
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lido Advisors
Los Angeles,
California
|
+$1.36M |
| 2 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
+$823K |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$615K |
| 4 |
BlackRock
New York
|
+$427K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$373K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$1.78M |
| 2 |
Two Sigma Investments
New York
|
-$1.45M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$1.34M |
| 4 |
Two Sigma Advisers
New York
|
-$1.21M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$943K |
SAR Hedge Fund Activity: Q2 2025 in Review
65 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q2 2025, worth a combined $57.9M — down 9.4% from $63.9M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of SAR and 9 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 23 added.
The largest buyer was Lido Advisors, adding an estimated $1.36M. The largest seller was Millennium Management, exiting entirely with an estimated $1.78M sold.
- 65 institutional investors held Saratoga Investment (SAR) as of Q2 2025, down from 67 in Q1 2025.
- Funds reported $57.9M of Saratoga Investment stock for Q2 2025, down 9.4% quarter-over-quarter.
- 9 funds opened new Saratoga Investment positions in Q2 2025 and 11 closed out, a net change of -2 holders.
- The largest Saratoga Investment buyer in Q2 2025 was Lido Advisors, an estimated $1.36M added.
- The largest Saratoga Investment seller in Q2 2025 was Millennium Management, an estimated $1.78M sold.
Based on aggregated 13F filings for Q2 2025.