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Saratoga Investment Corp.

SAR
Exchange
NYSE
SEC CIK
0001377936

No open-market purchases or sales by Saratoga Investment Corp. insiders were filed in the last 90 days; 58 institutions reported holding it in 13F filings for Q2 2026, worth $41.7M in total; no superinvestor holds it.

Other share classesSAJSATSAVSAXSAYSAZ

13F holders, Q1 2025

Institutional positions in Saratoga Investment Corp. as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
67
0 vs. Q4 2024
Shares held
2.52M
+314.2K (+14.2%) vs. Q4 2024
Total value
$63.9M
+$11.0M (+20.9%) vs. Q4 2024
New holders
8
27 more added
Sold out
8
12 more reduced

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting SAR on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 67 institutions
Q1 2021: 47 institutionsQ2 2021: 47 institutionsQ3 2021: 53 institutionsQ4 2021: 63 institutionsQ1 2022: 57 institutionsQ2 2022: 54 institutionsQ3 2022: 48 institutionsQ4 2022: 52 institutionsQ1 2023: 58 institutionsQ2 2023: 67 institutionsQ3 2023: 65 institutionsQ4 2023: 71 institutionsQ1 2024: 61 institutionsQ2 2024: 58 institutionsQ3 2024: 57 institutionsQ4 2024: 67 institutionsQ1 2025: 67 institutionsQ2 2025: 65 institutionsQ3 2025: 71 institutionsQ4 2025: 71 institutionsQ1 2026: 63 institutionsQ2 2026: 58 institutions
Value heldQ1 2025: $63.9M
Q1 2021: $32.1MQ2 2021: $31.6MQ3 2021: $36.5MQ4 2021: $74.9MQ1 2022: $63.9MQ2 2022: $57.3MQ3 2022: $48.6MQ4 2022: $56.9MQ1 2023: $47.1MQ2 2023: $47.8MQ3 2023: $60.8MQ4 2023: $65.6MQ1 2024: $48.7MQ2 2024: $45.7MQ3 2024: $51.4MQ4 2024: $52.9MQ1 2025: $63.9MQ2 2025: $57.9MQ3 2025: $55.1MQ4 2025: $48.4MQ1 2026: $42.2MQ2 2026: $41.7M
Institutions holding SAR and their total value by quarter
QuarterHoldersValue
Q2 202658$41.7M
Q1 202663$42.2M
Q4 202571$48.4M
Q3 202571$55.1M
Q2 202565$57.9M
Q1 202567$63.9M
Q4 202467$52.9M
Q3 202457$51.4M
Q2 202458$45.7M
Q1 202461$48.7M
Q4 202371$65.6M
Q3 202365$60.8M
Q2 202367$47.8M
Q1 202358$47.1M
Q4 202252$56.9M
Q3 202248$48.6M
Q2 202254$57.3M
Q1 202257$63.9M
Q4 202163$74.9M
Q3 202153$36.5M
Q2 202147$31.6M
Q1 202147$32.1M

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Saratoga Investment Corp.; share changes are against Q4 2024.

Institutions holding SAR in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Two Sigma Advisers, LP282,000$7.14M0.02%+136,900+94.3%Added
Two Sigma Investments, LP235,867$5.97M0.01%+107,488+83.7%Added
Hennion & Walsh Asset Management, Inc.193,168$4.89M0.22%+48,351+33.4%Added
Lido Advisors, LLC130,128$3.30M0.02%+35,147+37.0%Added
Private Advisor Group, LLC125,792$3.19M0.02%+3,497+2.9%Added
Advisors Asset Management, Inc.114,511$2.90M0.05%+7,110+6.6%Added
Wells Fargo & Company100,265$2.54M0.00%−9,519−8.7%Reduced
Legal & General Group Plc93,930$2.38M0.00%+2,933+3.2%Added
Morgan Stanley92,653$2.35M0.00%−1,539−1.6%Reduced
LPL Financial LLC88,665$2.25M0.00%+1,361+1.6%Added
Millennium Management LLC70,447$1.78M0.00%−34,682−33.0%Reduced
Ameriprise Financial Inc68,540$1.74M0.00%+8,579+14.3%Added
Trexquant Investment LP66,974$1.70M0.02%+2,957+4.6%Added
International Assets Investment Management, LLC54,886$1.39M0.12%−24,683−31.0%Reduced
Qube Research & Technologies Ltd53,025$1.34M0.00%+9,173+20.9%Added
BlackRock, Inc.51,916$1.32M0.00%−1,082−2.0%Reduced
BI Asset Management Fondsmaeglerselskab A/S50,232$1.27M0.01%−8,827−14.9%Reduced
Palogic Value Management, L.P.46,680$1.18M0.52%00.0%Unchanged
Ethos Financial Group, LLC45,507$1.15M0.11%+45,507New
Virtus Investment Advisers, Inc.43,188$1.09M0.30%+43,188New
Next Level Private LLC39,154$991.8K0.37%00.0%Unchanged
Citadel Advisors LLC39,043$989.0K0.00%+21,154+118.3%Added
JB Capital Partners LP33,847$839.4K0.18%00.0%Unchanged
Raymond James Financial Inc33,032$836.7K0.00%−1,000−2.9%Reduced
Wealthcare Advisory Partners LLC32,886$833.0K0.02%+41+0.1%Added
D.A. Davidson & Co.30,016$760.3K0.01%+87+0.3%Added
RMB Capital Management, LLC30,000$759.9K0.02%00.0%Unchanged
Connor, Clark & Lunn Investment Management Ltd.29,509$747.5K0.00%+17,595+147.7%Added
Marshall Wace, LLP28,083$711.3K0.00%−7,879−21.9%Reduced
Royal Bank of Canada23,476$595.0K0.00%+1,018+4.5%Added
PFG Advisors21,905$554.9K0.03%−169−0.8%Reduced
Commonwealth Equity Services, LLC16,854$427.0K0.00%+1,443+9.4%Added
Bard Associates Inc15,945$403.9K0.15%00.0%Unchanged
Cambridge Investment Research Advisors, Inc.15,700$398.0K0.00%+15,700New
Kovitz Investment Group Partners, LLC12,094$306.4K0.00%−47,145−79.6%Reduced
Davidson Trust Co11,000$278.6K0.13%00.0%Unchanged
JPMorgan Chase & Co10,923$276.7K0.00%+4,134+60.9%Added
Cubist Systematic Strategies, LLC10,869$275.3K0.00%+10,869New
HighTower Advisors, LLC10,731$271.8K0.00%−393−3.5%Reduced
Wedbush Securities Inc10,700$271.0K0.01%+2,000+23.0%Added
Avantax Advisory Services, Inc.10,382$263.0K0.00%00.0%Unchanged
Cetera Investment Advisers10,049$254.5K0.00%+10,049New
Janney Montgomery Scott LLC9,229$234.0K0.00%+347+3.9%Added
Sunbelt Securities, Inc.6,932$175.6K0.02%+1,850+36.4%Added
Register Financial Advisors LLC5,912$149.8K0.08%+18+0.3%Added
Advisor Group Holdings, Inc.5,045$127.8K0.00%−331−6.2%Reduced
Steward Partners Investment Advisory, LLC2,269$57.5K0.00%00.0%Unchanged
Bartlett & Co. Wealth Management LLC2,000$50.7K0.00%+1,500+300.0%Added
Promus Capital, LLC1,273$32.2K0.02%00.0%Unchanged
Harbour Investments, Inc.1,000$25.3K0.00%00.0%Unchanged
IFP Advisors, Inc1,000$25.3K0.00%00.0%Unchanged
Arlington Trust Co LLC1,000$25.3K0.01%00.0%Unchanged
UBS Group AG976$24.7K0.00%+22+2.3%Added
Bank of America Corp700$17.7K0.00%00.0%Unchanged
Simplex Trading, LLC568$14.0K0.00%+321+130.0%Added
PFS Partners, LLC503$12.7K0.01%00.0%Unchanged
NewSquare Capital LLC500$12.7K0.00%+500New
Signaturefd, LLC339$8.59K0.00%+117+52.7%Added
Laurel Wealth Advisors LLC241$6.11K0.00%00.0%Unchanged
Financial Management Professionals, Inc.181$4.58K0.00%00.0%Unchanged
CIBC Private Wealth Group, LLC200$4.29K0.00%00.0%Unchanged
Strategic Investment Solutions, Inc.100$2.53K0.00%00.0%Unchanged
MJT & Associates Financial Advisory Group, Inc.94$2.38K0.00%+94New
Hexagon Capital Partners LLC81$2.05K0.00%+3+3.8%Added
Hurley Capital, LLC13$3330.00%00.0%Unchanged
FMR LLC1$250.00%00.0%Unchanged
Danske Bank A/S1$250.00%+1New
Proequities, Inc.0$00.00%−188−100.0%Sold out
Virtus ETF Advisers LLC0$00.00%−33,759−100.0%Sold out
Campbell & CO Investment Adviser LLC0$00.00%−20,505−100.0%Sold out
Mariner, LLC0$00.00%−13,235−100.0%Sold out
Northern Trust Corp0$00.00%−11,315−100.0%Sold out
Jane Street Group, LLC0$00.00%−10,520−100.0%Sold out
Venturi Wealth Management, LLC0$00.00%−93−100.0%Sold out
Tower Research Capital LLC (TRC)0$00.00%−2−100.0%Sold out