SARATOGA INVT CORP (SAR): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

SARATOGA INVT CORP (SAR)

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

Smart Money Signals — SAR

Based on 73 hedge funds · latest filing: 2025 Q4 · updated quarterly

➡️

No change last quarter

last 6Q

The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

73 hedge funds hold SAR right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q

+6 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟠

More sellers than buyers — 48% buying

32 buying35 selling

Last quarter: 35 funds reduced or exited vs 32 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

➡️

Steady new buyers — ~11 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 7 → 9 → 15 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 23% medium ■ 26% new

37 out of 73 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.

📈

Growing discovery — still being found

15 → 7 → 9 → 15 → 11 new funds/Q

New funds entering each quarter: 7 → 9 → 15 → 11. A growing number of institutions are discovering SAR each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Deep conviction — 60% of holders stayed 2+ years

■ 60% veterans ■ 8% 1-2yr ■ 32% new

Of 77 current holders: 46 (60%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds

9 of 73 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.9

out of 10

Low Exit Risk

Exit risk score 3.9/10 — 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.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	77	76	1.32%
13F Shares	2M	2M	-7.02%
Total Value	$51M	$57M	-11.64%
New Positions	11	15	-4
Increased Positions	26	30	-4
Closed Positions	11	9	+2
Reduced Positions	31	19	+12
Total Calls	2	2	-
Total Puts	3	2	50.0%
PUT/CALL Ratio	1.5	1.0	Bearish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

1.32%

13F Shares

-7.02%

Total Value

$51M

$57M

-11.64%

New Positions

-4

Increased Positions

-4

Closed Positions

Reduced Positions

+12

Total Calls

Total Puts

50.0%

PUT/CALL Ratio

1.5

1.0

Bearish

Institutional Holders (2026 Q1)

77 + investors

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

FILTER: All New Added To Reduced No Change | Overweight >5%

Top 18 institutional holders of SAR — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Next Level Private LLC	0.22%	43,527	$952K
2	DAVIDSON TRUST CO	0.10%	11,000	$241K
3	Register Financial Advisors LLC	0.05%	6,003	$131K
4	Daytona Street Capital LLC	0.04%	1,999	$50K
5	Wealthcare Advisory Partners LLC	0.02%	50,573	$1.1M
6	Private Advisor Group, LLC	0.02%	165,139	$3.6M
7	Focus Financial Network, Inc.	0.02%	21,176	$463K
8	EVOLUTION WEALTH MANAGEMENT INC.	0.01%	701	$15K
9	WEDBUSH SECURITIES INC	0.01%	10,700	—
10	BI Asset Management Fondsmaeglerselskab A/S	0.01%	27,027	—
11	PFS Partners, LLC	0.01%	503	$11K
12	MJT & Associates Financial Advisory Group, Inc.	0.00%	94	$2K
13	Fortitude Family Office, LLC	0.00%	140	$3K
14	Janney Montgomery Scott LLC	0.00%	10,256	—
15	COMMONWEALTH EQUITY SERVICES, LLC	0.00%	17,182	$376K
16	IFP Advisors, Inc	0.00%	1,000	$22K
17	West Financial Advisors, LLC	0.00%	56	$1K
18	State of Alaska, Department of Revenue	0.00%	630	—

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?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for SAR?

More sellers than buyers — 48% buying: Last quarter: 35 funds reduced or exited vs 32 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for SAR holders?

Strong quality — 20% AUM from major funds: 9 of 73 holders rank in the top 100 by AUM, accounting for 20% 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?

51% of holders stayed for 2+ years: 37 out of 73 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.

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.

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SARATOGA INVT CORP (SAR)

Smart Money Signals — SAR

No change last quarter

At the ownership peak (100% of max)

Steady growth — +9% more funds vs a year ago

More sellers than buyers — 48% buying

Steady new buyers — ~11 new funds per quarter

51% of holders stayed for 2+ years

Growing discovery — still being found

Deep conviction — 60% of holders stayed 2+ years

Strong quality — 20% AUM from major funds

Hedge Fund Ownership: SAR

Market Analysis: SAR

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: SAR

Hedge Fund Positioning: SAR

Statistics: SAR

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — SARATOGA INVT CORP (SAR)

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