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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, Q2 2025

Institutional positions in Saratoga Investment Corp. as of Jun 30, 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
65
−2 vs. Q1 2025
Shares held
2.34M
−189.2K (−7.5%) vs. Q1 2025
Total value
$57.9M
−$6.04M (−9.4%) vs. Q1 2025
New holders
9
23 more added
Sold out
11
17 more reduced

Compare with Q1 2025: 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 holdersQ2 2025: 65 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 heldQ2 2025: $57.9M
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, Q2 2025

Shares, value and share of portfolio for each institution holding Saratoga Investment Corp.; share changes are against Q1 2025.

Institutions holding SAR in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Two Sigma Advisers, LP231,800$5.75M0.01%−50,200−17.8%Reduced
Hennion & Walsh Asset Management, Inc.208,608$5.17M0.21%+15,440+8.0%Added
Lido Advisors, LLC186,253$4.62M0.02%+56,125+43.1%Added
Two Sigma Investments, LP175,840$4.36M0.01%−60,027−25.4%Reduced
Private Advisor Group, LLC151,280$3.75M0.02%+25,488+20.3%Added
Advisors Asset Management, Inc.105,285$2.61M0.05%−9,226−8.1%Reduced
Wells Fargo & Company100,920$2.50M0.00%+655+0.7%Added
LPL Financial LLC96,684$2.40M0.00%+8,019+9.0%Added
Legal & General Group Plc94,950$2.35M0.00%+1,020+1.1%Added
Morgan Stanley77,913$1.93M0.00%−14,740−15.9%Reduced
BlackRock, Inc.69,598$1.73M0.00%+17,682+34.1%Added
Ameriprise Financial Inc66,899$1.66M0.00%−1,641−2.4%Reduced
International Assets Investment Management, LLC52,610$1.30M0.11%−2,276−4.1%Reduced
BI Asset Management Fondsmaeglerselskab A/S50,232$1.25M0.01%00.0%Unchanged
Ethos Financial Group, LLC48,596$1.21M0.10%+3,089+6.8%Added
Palogic Value Management, L.P.46,680$1.16M0.49%00.0%Unchanged
Trexquant Investment LP43,253$1.07M0.01%−23,721−35.4%Reduced
Wealthcare Advisory Partners LLC39,926$990.2K0.02%+7,040+21.4%Added
Next Level Private LLC39,154$971.0K0.32%00.0%Unchanged
Virtus Investment Advisers, Inc.36,300$900.2K0.30%−6,888−15.9%Reduced
Redhawk Wealth Advisors, Inc.34,092$845.5K0.11%+34,092New
JB Capital Partners LP33,847$822.8K0.15%00.0%Unchanged
D.A. Davidson & Co.31,109$771.5K0.01%+1,093+3.6%Added
Raymond James Financial Inc30,868$765.5K0.00%−2,164−6.6%Reduced
RMB Capital Management, LLC30,000$744.0K0.01%00.0%Unchanged
Commonwealth Equity Services, LLC24,287$602.0K0.00%+7,433+44.1%Added
Royal Bank of Canada22,297$553.0K0.00%−1,179−5.0%Reduced
PFG Advisors21,911$543.4K0.03%+60.0%Added
Kovitz Investment Group Partners, LLC17,845$442.2K0.00%+5,751+47.6%Added
Cambridge Investment Research Advisors, Inc.16,324$405.0K0.00%+624+4.0%Added
Bard Associates Inc15,845$393.0K0.13%−100−0.6%Reduced
Jane Street Group, LLC14,328$355.3K0.00%+14,328New
UBS Group AG14,188$351.9K0.00%+13,212+1,353.7%Added
Davidson Trust Co11,000$272.8K0.13%00.0%Unchanged
HighTower Advisors, LLC10,839$268.8K0.00%+108+1.0%Added
Wedbush Securities Inc10,700$265.0K0.01%00.0%Unchanged
Avantax Advisory Services, Inc.10,328$256.1K0.00%−54−0.5%Reduced
Cetera Investment Advisers10,092$250.3K0.00%+43+0.4%Added
Concurrent Investment Advisors, LLC9,768$242.2K0.00%+9,768New
Janney Montgomery Scott LLC8,077$200.0K0.00%−1,152−12.5%Reduced
JPMorgan Chase & Co7,313$181.4K0.00%−3,610−33.0%Reduced
Advisor Group Holdings, Inc.6,256$155.2K0.00%+1,211+24.0%Added
Register Financial Advisors LLC5,932$147.1K0.06%+20+0.3%Added
Sunbelt Securities, Inc.5,082$121.6K0.01%−1,850−26.7%Reduced
Bartlett & Co. Wealth Management LLC2,000$49.6K0.00%00.0%Unchanged
Promus Capital, LLC1,273$31.6K0.02%00.0%Unchanged
Harbour Investments, Inc.1,000$24.8K0.00%00.0%Unchanged
IFP Advisors, Inc1,000$24.8K0.00%00.0%Unchanged
Steward Partners Investment Advisory, LLC734$18.2K0.00%−1,535−67.7%Reduced
Bank of America Corp700$17.4K0.00%00.0%Unchanged
CIBC Private Wealth Group, LLC700$17.4K0.00%+500+250.0%Added
Evolution Wealth Management Inc.645$16.0K0.02%+645New
PFS Partners, LLC503$12.5K0.01%00.0%Unchanged
Signaturefd, LLC439$10.9K0.00%+100+29.5%Added
GWM Advisors LLC358$8.88K0.00%+358New
Harbor Asset Planning, Inc.261$6.47K0.01%+261New
Aquatic Capital Management LLC259$6.42K0.00%+259New
Financial Management Professionals, Inc.181$4.49K0.00%00.0%Unchanged
MAI Capital Management125$3.10K0.00%+125New
Strategic Investment Solutions, Inc.100$2.48K0.00%00.0%Unchanged
MJT & Associates Financial Advisory Group, Inc.94$2.33K0.00%00.0%Unchanged
West Financial Advisors, LLC51$1.25K0.00%+51New
FMR LLC31$7690.00%+30+3,000.0%Added
Hurley Capital, LLC14$3360.00%+1+7.7%Added
Simplex Trading, LLC1$00.00%−567−99.8%Reduced
Millennium Management LLC0$00.00%−70,447−100.0%Sold out
Qube Research & Technologies Ltd0$00.00%−53,025−100.0%Sold out
Citadel Advisors LLC0$00.00%−39,043−100.0%Sold out
Connor, Clark & Lunn Investment Management Ltd.0$00.00%−29,509−100.0%Sold out
Marshall Wace, LLP0$00.00%−28,083−100.0%Sold out
Cubist Systematic Strategies, LLC0$00.00%−10,869−100.0%Sold out
Arlington Trust Co LLC0$00.00%−1,000−100.0%Sold out
NewSquare Capital LLC0$00.00%−500−100.0%Sold out
Laurel Wealth Advisors LLC0$00.00%−241−100.0%Sold out
Hexagon Capital Partners LLC0$00.00%−81−100.0%Sold out
Danske Bank A/S0$00.00%−1−100.0%Sold out