Saratoga Investment
SAR
71 hedge funds and large institutions have $55.1M invested in Saratoga Investment in 2025 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 15 reducing their positions, and 6 closing their positions.
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
67% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 15
9% more funds holding
Funds holding: 65 → 71 (+6)
5% less capital invested
Capital invested by funds: $57.9M → $55.1M (-$2.83M)
1.05% less ownership
Funds ownership: 15.2% → 14.15% (-1.1%)
31% less call options, than puts
Call options by funds: $1M | Put options by funds: $1.45M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$730K |
| 2 |
BHCM
Brevan Howard Capital Management
St. Helier,
Jersey
|
+$441K |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$415K |
| 4 |
FFN
Focus Financial Network
Minneapolis,
Minnesota
|
+$391K |
| 5 |
VA
VestGen Advisors
Inverness,
Illinois
|
+$318K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
-$3.27M |
| 2 |
Two Sigma Investments
New York
|
-$1.52M |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$712K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$420K |
| 5 |
Jane Street
New York
|
-$355K |
SAR Hedge Fund Activity: Q3 2025 in Review
71 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Saratoga Investment (SAR) for Q3 2025, worth a combined $55.1M — down 4.9% from $57.9M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new SAR positions and 6 closed out — a net gain of 7 holders — while 25 added to existing stakes and 15 trimmed.
The largest buyer was BlackRock, adding an estimated $730K. The largest seller was Two Sigma Advisers, cutting an estimated $3.27M.
- 71 institutional investors held Saratoga Investment (SAR) as of Q3 2025, up from 65 in Q2 2025.
- Funds reported $55.1M of Saratoga Investment stock for Q3 2025, down 4.9% quarter-over-quarter.
- 13 funds opened new Saratoga Investment positions in Q3 2025 and 6 closed out, a net change of +7 holders.
- The largest Saratoga Investment buyer in Q3 2025 was BlackRock, an estimated $730K added.
- The largest Saratoga Investment seller in Q3 2025 was Two Sigma Advisers, an estimated $3.27M sold.
Based on aggregated 13F filings for Q3 2025.