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.
13F holders, Q4 2025
Institutional positions in Saratoga Investment Corp. as of Dec 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
- 71
- +1 vs. Q3 2025
- Shares held
- 2.09M
- −167.7K (−7.4%) vs. Q3 2025
- Total value
- $48.4M
- −$6.61M (−12.0%) vs. Q3 2025
- New holders
- 11
- 21 more added
- Sold out
- 10
- 22 more reduced
1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 58 | $41.7M |
| Q1 2026 | 63 | $42.2M |
| Q4 2025 | 71 | $48.4M |
| Q3 2025 | 71 | $55.1M |
| Q2 2025 | 65 | $57.9M |
| Q1 2025 | 67 | $63.9M |
| Q4 2024 | 67 | $52.9M |
| Q3 2024 | 57 | $51.4M |
| Q2 2024 | 58 | $45.7M |
| Q1 2024 | 61 | $48.7M |
| Q4 2023 | 71 | $65.6M |
| Q3 2023 | 65 | $60.8M |
| Q2 2023 | 67 | $47.8M |
| Q1 2023 | 58 | $47.1M |
| Q4 2022 | 52 | $56.9M |
| Q3 2022 | 48 | $48.6M |
| Q2 2022 | 54 | $57.3M |
| Q1 2022 | 57 | $63.9M |
| Q4 2021 | 63 | $74.9M |
| Q3 2021 | 53 | $36.5M |
| Q2 2021 | 47 | $31.6M |
| Q1 2021 | 47 | $32.1M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Saratoga Investment Corp.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Lido Advisors, LLC | 199,138 | $4.86M | 0.02% | +1,265+0.6% | Added |
| Private Advisor Group, LLC | 163,359 | $3.77M | 0.02% | +5,073+3.2% | Added |
| Closed-End Fund Advisors, Inc. | 159,499 | $3.68M | 2.17% | +159,499 | New |
| Hennion & Walsh Asset Management, Inc. | 141,470 | $3.26M | 0.11% | −38,593−21.4% | Reduced |
| Legal & General Group Plc | 117,294 | $2.71M | 0.00% | +23,765+25.4% | Added |
| LPL Financial LLC | 113,727 | $2.62M | 0.00% | +4,998+4.6% | Added |
| Advisors Asset Management, Inc. | 101,383 | $2.34M | 0.04% | −14,258−12.3% | Reduced |
| BlackRock, Inc. | 95,197 | $2.20M | 0.00% | −3,669−3.7% | Reduced |
| Wells Fargo & Company | 82,830 | $1.91M | 0.00% | −1,269−1.5% | Reduced |
| Two Sigma Investments, LP | 67,507 | $1.56M | 0.00% | −47,528−41.3% | Reduced |
| Ameriprise Financial Inc | 65,592 | $1.51M | 0.00% | −5,957−8.3% | Reduced |
| International Assets Investment Management, LLC | 61,809 | $1.43M | 0.10% | +9,199+17.5% | Added |
| Ethos Financial Group, LLC | 52,846 | $1.22M | 0.09% | −987−1.8% | Reduced |
| Wealthcare Advisory Partners LLC | 49,471 | $1.14M | 0.02% | +4,791+10.7% | Added |
| Palogic Value Management, L.P. | 46,680 | $1.08M | 0.46% | 00.0% | Unchanged |
| Next Level Private LLC | 43,527 | $1.00M | 0.26% | 00.0% | Unchanged |
| JB Capital Partners LP | 33,847 | $780.9K | 0.13% | 00.0% | Unchanged |
| Virtus Investment Advisers, Inc. | 32,641 | $753.0K | 0.20% | −3,644−10.0% | Reduced |
| Morgan Stanley | 30,338 | $699.9K | 0.00% | −46,695−60.6% | Reduced |
| BI Asset Management Fondsmaeglerselskab A/S | 27,027 | $624.0K | 0.01% | −23,205−46.2% | Reduced |
| Raymond James Financial Inc | 25,666 | $592.1K | 0.00% | +2,594+11.2% | Added |
| Colony Group, LLC | 25,600 | $590.6K | 0.00% | +25,600 | New |
| Cetera Investment Advisers | 21,825 | $503.5K | 0.00% | +1,807+9.0% | Added |
| PFG Advisors | 21,697 | $500.6K | 0.02% | −220−1.0% | Reduced |
| Focus Financial Network, Inc. | 19,455 | $448.8K | 0.02% | +3,800+24.3% | Added |
| Cambridge Investment Research Advisors, Inc. | 18,950 | $437.0K | 0.00% | −8,164−30.1% | Reduced |
| Commonwealth Equity Services, LLC | 18,637 | $430.0K | 0.00% | −6,561−26.0% | Reduced |
| Citadel Advisors LLC | 18,460 | $425.9K | 0.00% | +18,460 | New |
| Advisor Group Holdings, Inc. | 18,403 | $424.6K | 0.00% | +11,787+178.2% | Added |
| D.A. Davidson & Co. | 18,194 | $419.7K | 0.00% | −13,258−42.2% | Reduced |
| Royal Bank of Canada | 17,393 | $401.0K | 0.00% | −1,573−8.3% | Reduced |
| Trexquant Investment LP | 16,827 | $388.2K | 0.00% | −34,935−67.5% | Reduced |
| Sunbelt Securities, Inc. | 13,726 | $316.7K | 0.02% | +344+2.6% | Added |
| Dynamic Technology Lab Private Ltd | 13,214 | $305.0K | 0.07% | +13,214 | New |
| UBS Group AG | 13,024 | $300.5K | 0.00% | +12,064+1,256.7% | Added |
| Susquehanna International Group, LLP | 12,875 | $297.0K | 0.00% | +2,529+24.4% | Added |
| Aquatic Capital Management LLC | 12,101 | $279.2K | 0.01% | −628−4.9% | Reduced |
| Brevan Howard Capital Management LP | 11,419 | $263.4K | 0.01% | −6,256−35.4% | Reduced |
| Two Sigma Advisers, LP | 11,000 | $253.8K | 0.00% | −89,647−89.1% | Reduced |
| Davidson Trust Co | 11,000 | $253.8K | 0.11% | 00.0% | Unchanged |
| Wedbush Securities Inc | 10,700 | $247.0K | 0.01% | 00.0% | Unchanged |
| HighTower Advisors, LLC | 10,213 | $235.6K | 0.00% | −647−6.0% | Reduced |
| JPMorgan Chase & Co | 7,021 | $162.0K | 0.00% | −104−1.5% | Reduced |
| Register Financial Advisors LLC | 5,980 | $138.0K | 0.05% | +29+0.5% | Added |
| Harbour Investments, Inc. | 5,973 | $137.8K | 0.00% | +3,000+100.9% | Added |
| Steward Partners Investment Advisory, LLC | 5,212 | $120.2K | 0.00% | +4,478+610.1% | Added |
| Simplex Trading, LLC | 4,264 | $98.4K | 0.00% | +1,435+50.7% | Added |
| Daytona Street Capital LLC | 1,999 | $50.6K | 0.04% | +1,999 | New |
| Bartlett & Co. Wealth Management LLC | 2,000 | $46.1K | 0.00% | 00.0% | Unchanged |
| Kestra Advisory Services, LLC | 1,987 | $45.8K | 0.00% | +1,987 | New |
| Bank of America Corp | 1,068 | $24.6K | 0.00% | +368+52.6% | Added |
| IFP Advisors, Inc | 1,000 | $23.1K | 0.00% | 00.0% | Unchanged |
| Evolution Wealth Management Inc. | 701 | $16.2K | 0.01% | +50+7.7% | Added |
| BNP Paribas Arbitrage, SA | 684 | $15.8K | 0.00% | −322−32.0% | Reduced |
| State of Alaska, Department of Revenue | 630 | $14.0K | 0.00% | 00.0% | Unchanged |
| PFS Partners, LLC | 503 | $11.6K | 0.01% | 00.0% | Unchanged |
| CIBC Private Wealth Group, LLC | 500 | $11.5K | 0.00% | 00.0% | Unchanged |
| Russell Investments Group, Ltd. | 480 | $11.1K | 0.00% | +320+200.0% | Added |
| Flagship Harbor Advisors, LLC | 443 | $10.2K | 0.00% | +443 | New |
| Eastern Bank | 400 | $9.23K | 0.00% | 00.0% | Unchanged |
| Harbor Asset Planning, Inc. | 261 | $6.02K | 0.01% | 00.0% | Unchanged |
| Laurel Wealth Advisors LLC | 241 | $5.56K | 0.00% | +241 | New |
| Triumph Capital Management | 225 | $5.19K | 0.00% | +225 | New |
| Avion Wealth | 204 | $4.00K | 0.00% | +204 | New |
| MAI Capital Management | 125 | $2.88K | 0.00% | 00.0% | Unchanged |
| Strategic Investment Solutions, Inc. | 100 | $2.31K | 0.00% | 00.0% | Unchanged |
| MJT & Associates Financial Advisory Group, Inc. | 94 | $2.17K | 0.00% | 00.0% | Unchanged |
| West Financial Advisors, LLC | 54 | $1.24K | 0.00% | +2+3.8% | Added |
| Larson Financial Group LLC | 49 | $1.13K | 0.00% | +49 | New |
| Ronald Blue Trust, Inc. | 20 | $461 | 0.00% | 00.0% | Unchanged |
| Hurley Capital, LLC | 14 | $333 | 0.00% | 00.0% | Unchanged |
| Redhawk Wealth Advisors, Inc. | 0 | $0 | 0.00% | −40,356−100.0% | Sold out |
| RMB Capital Management, LLC | 0 | $0 | 0.00% | −30,000−100.0% | Sold out |
| Kovitz Investment Group Partners, LLC | 0 | $0 | 0.00% | −17,813−100.0% | Sold out |
| Marshall Wace, LLP | 0 | $0 | 0.00% | −16,631−100.0% | Sold out |
| Bard Associates Inc | 0 | $0 | 0.00% | −14,256−100.0% | Sold out |
| VestGen Advisors, LLC | 0 | $0 | 0.00% | −12,759−100.0% | Sold out |
| Advisory Services Network, LLC | 0 | $0 | 0.00% | −1,841−100.0% | Sold out |
| Quantbot Technologies LP | 0 | $0 | 0.00% | −1,464−100.0% | Sold out |
| Hantz Financial Services, Inc. | 0 | $0 | 0.00% | −75−100.0% | Sold out |
| FMR LLC | 0 | $0 | 0.00% | −1−100.0% | Sold out |
| Promus Capital, LLC | – | – | – | – | Not filed |