Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Saratoga Invt Corp (SAR)

65 + Investors. Track Smart Money conviction in SAR. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -8
Streak
1Q ▼
Buyers last Q
56%

Smart Money Signals — SAR

Based on 65 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their SAR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
65 funds currently hold this stock — 89% of the 3.0-year high of 73 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding SAR is almost the same as a year ago (-2 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 56% buying

36 buying28 selling
Last quarter: 36 funds bought or added vs 28 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~9 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 9 → 15 → 11 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 20% medium ■ 22% new
38 out of 65 hedge funds have held SAR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

7 → 9 → 15 → 11 → 9 new funds/Q
New funds entering each quarter: 9 → 15 → 11 → 9. SAR is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 62% veterans vs 29% newcomers

■ 62% veterans ■ 9% 1-2yr ■ 29% new
Entry-cohort mix of 68 holders: 42 (62%) are 2+ year veterans, 6 entered 1–2 years ago, and 20 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 25% AUM from major funds

25% from top-100 AUM funds
10 of 64 holders rank in the top 100 by AUM, accounting for 25% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — SAR

In 2026 Q1, 36 hedge funds were net buyers of SAR (9 opened a new position, 27 added to an existing one), while 28 reduced or exited (11 trimmed, 17 sold completely) — a 56% buyer ratio, indicating a slight buying edge. 25% of total institutional value in SAR is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -8 funds (more exits than new entries). Total institutional holders: 65.

Hedge Fund Ownership: SAR

How many hedge funds hold SAR — quarterly history vs. share price
Quarterly hedge fund ownership of SAR vs. share price

Market Analysis: SAR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SAR

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Saratoga Invt Corp (SAR) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SAR has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
SAR
nan%
XLF
+9.5%

SAR outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
SAR
nan%
XLF
+5.8%

Since the filing became public, SAR outperformed XLF by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: SAR
65 + Investors

Track Smart Money conviction in SAR. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 65 73 -10.96%
13F Shares 2M 2M -6.69%
Total Value $43M $51M -14.99%
New Positions 9 11 -2
Increased Positions 26 21 +5
Closed Positions 17 11 +6
Reduced Positions 10 23 -13
Total Calls 2 2 -
Total Puts 2 3 -33.33%
PUT/CALL Ratio 1.0 1.5 Neutral

Statistics: SAR

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

65 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SAR. Verified SEC 13F-HR filings.

QUARTER:
Top 25 SAR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Palogic Value Management, L.P. 0.43% 46,680 $1.0M
2 Next Level Private LLC 0.22% 43,527 $952K
3 Virtus Investment Advisers, LLC 0.16% 25,752 $563K
4 Jb Capital Partners LP 0.13% 33,847 $761K
5 International Assets Investment Management, LLC 0.12% 82,407 $1.8M
6 Davidson Trust Co 0.10% 11,000 $241K
7 Hennion & Walsh Asset Management, Inc. 0.10% 137,675 $3.0M
8 Ethos Financial Group, LLC 0.09% 52,846 $1.2M
9 Register Financial Advisors LLC 0.05% 6,003 $131K
10 Daytona Street Capital LLC 0.04% 1,999 $50K
11 Advisors Asset Management, Inc. 0.04% 106,625 $2.3M
12 PFG Advisors 0.02% 21,704 $475K
13 Wealthcare Advisory Partners LLC 0.02% 50,573 $1.1M
14 Greenwood Gearhart LLC 0.02% 17,800 $389K
15 Sunbelt Securities, Inc. 0.02% 13,726 $300K
16 Private Advisor Group, LLC 0.02% 165,139 $3.6M
17 Focus Financial Network, Inc. 0.02% 21,176 $463K
18 Lido Advisors, LLC 0.01% 199,138 $4.4M
19 VestGen Advisors, LLC 0.01% 19,250 $426K
20 Evolution Wealth Management INC. 0.01% 701 $15K
21 Triumph Capital Management 0.01% 1,775 $39K
22 PFS Partners, LLC 0.01% 503 $11K
23 XTX Topco Ltd 0.00% 10,079 $220K
24 Aquatic Capital Management LLC 0.00% 5,725 $125K
25 Western Wealth Management, LLC 0.00% 3,195 $70K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Saratoga Invt Corp (SAR)

What does the Smart Money Trend signal show for SAR?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their SAR positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for SAR?

Slight buying edge — 56% buying: Last quarter: 36 funds bought or added vs 28 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for SAR holders?

Strong quality — 25% AUM from major funds: 10 of 64 holders rank in the top 100 by AUM, accounting for 25% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held SAR?

58% of holders stayed for 2+ years: 38 out of 65 hedge funds have held SAR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Saratoga Invt Corp (SAR) following the 2026 Q1 hedge fund 13F filings?

As of today, SAR has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), SAR has gained nan% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →