Vault-13

SARATOGA INVT CORP SAR

COM NEW · Common Stock · CUSIP 80349A208

59 institutional holders -4 vs Q1 2026
1,890,5441.9m shares reported held*
11.6% of all shares outstanding*
$42.2mreported value*
5 new 22 added 20 reduced 8 sold out net sold ≈ $489.1k (-21.9k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 16.3m as of 2026-07-06, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $22.32. Options: 5 managers hold calls ($2.5m notional), 2 hold puts ($566.7k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 49Q4 22: 52Q1 23: 58Q2 23: 68Q3 23: 66Q4 23: 72Q1 24: 62Q2 24: 59Q3 24: 59Q4 24: 67Q1 25: 68Q2 25: 66Q3 25: 71Q4 25: 71Q1 26: 63Q2 26: 5959Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202249
Q4 202252
Q1 202358
Q2 202368
Q3 202366
Q4 202372
Q1 202462
Q2 202459
Q3 202459
Q4 202467
Q1 202568
Q2 202566
Q3 202571
Q4 202571
Q1 202663
Q2 202659

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 24: 23 bought or addedQ3 24: 25 cut or sold outQ4 24: 27 bought or addedQ4 24: 23 cut or sold outQ4 24Q1 25: 34 bought or addedQ1 25: 20 cut or sold outQ2 25: 32 bought or addedQ2 25: 27 cut or sold outQ2 25Q3 25: 37 bought or addedQ3 25: 21 cut or sold outQ4 25: 30 bought or addedQ4 25: 31 cut or sold outQ4 25Q1 26: 34 bought or addedQ1 26: 24 cut or sold outQ2 26: 27 bought or addedQ2 26: 28 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242325
Q4 20242723
Q1 20253420
Q2 20253227
Q3 20253721
Q4 20253031
Q1 20263424
Q2 20262728

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3mQ3 25 calls: $1.0mQ3 25 puts: $1.5mQ3 25P/C 1.45Q4 25 calls: $816.7kQ4 25 puts: $1.6mQ4 25P/C 1.92Q1 26 calls: $1.6mQ1 26 puts: $1.0mQ1 26P/C 0.64Q2 26 calls: $2.5mQ2 26 puts: $566.7kQ2 26P/C 0.22
Numbers
QuarterCallsPutsP/C
Q3 2025$1.0m$1.5m1.45
Q4 2025$816.7k$1.6m1.92
Q1 2026$1.6m$1.0m0.64
Q2 2026$2.5m$566.7k0.22

Biggest buyers

Janney Montgomery Scott LLC Added +45,901+45.9k
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Added +33,605+33.6k
CITADEL ADVISORS LLC Added +27,204+27.2k
Cambridge Investment Research Advisors, Inc. Added +22,422+22.4k
Legal & General Group Plc Added +18,288+18.3k
Advisors Asset Management, Inc. Added +15,010+15.0k
XTX Topco Ltd Added +14,860+14.9k
MORGAN STANLEY Added +13,427+13.4k
Focus Financial Network, Inc. Added +4,042+4.0k
Focus Partners Wealth Added +3,732+3.7k

Biggest sellers

TWO SIGMA INVESTMENTS, LP Reduced -37,327-37.3k
BI Asset Management Fondsmaeglerselskab A/S Reduced -22,043-22.0k
PFG Advisors Sold out -21,704-21.7k
HRT FINANCIAL LP Sold out -21,519-21.5k
UBS Group AG Reduced -20,615-20.6k
Private Advisor Group, LLC Reduced -18,458-18.5k
Lido Advisors, LLC Reduced -17,620-17.6k
BANK OF AMERICA CORP /DE/ Reduced -15,447-15.4k
Hennion & Walsh Asset Management, Inc. Reduced -10,635-10.6k
HighTower Advisors, LLC Sold out -10,221-10.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $892.4k40.0k shares
JANE STREET GROUP, LLC New $649.2k29.1k shares
GROUP ONE TRADING LLC New $562.2k25.2k shares
CITADEL ADVISORS LLC Reduced $432.8k19.4k shares
SIMPLEX TRADING, LLC New $11.2k500 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $341.3k15.3k shares
JANE STREET GROUP, LLC New $225.3k10.1k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 181,518181.5k $4.0m $4.0m 0.01% Reduced -17.6k -17,620
2 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 146,681146.7k $3.3m $3.3m 0.01% Reduced -18.5k -18,458
3 Legal & General Group Plc 0.00% of their portfolio London, X0 141,229141.2k $3.2m $3.2m 0.00% Added +18.3k +18,288
4 Hennion & Walsh Asset Management, Inc. 0.08% of their portfolio Parsippany, NJ 127,040127.0k $2.8m $2.8m 0.08% Reduced -10.6k -10,635
5 Advisors Asset Management, Inc. 0.04% of their portfolio Monument, CO 121,635121.6k $2.7m $2.7m 0.04% Added +15.0k +15,010
6 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.16% of their portfolio ORLANDO, FL 116,012116.0k $2.6m $2.6m 0.16% Added +33.6k +33,605
7 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 111,909111.9k $2.5m $2.5m 0.00% Reduced -2.1k -2,086
8 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 85,07985.1k $1.9m $1.9m 0.00% Reduced -188 -188
9 Ethos Financial Group, LLC 0.08% of their portfolio KING OF PRUSSIA, PA 56,53356.5k $1.3m $1.3m 0.08% Added +3.7k +3,687
10 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 56,15756.2k $1.3m $1.3m 0.00% Added +45.9k +45,901
11 BlackRock, Inc. 0.00% of their portfolio New York, NY 53,26153.3k $1.2m $1.2m 0.00% Reduced -1.3k -1,335
12 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 50,50750.5k $1.1m $1.1m 0.00% Added +27.2k +27,204
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 49,14349.1k $1.1m $1.1m 0.00% Added +689 +689
14 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 49,14149.1k $1.1m $1.1m 0.02% Reduced -1.4k -1,432
15 Palogic Value Management, L.P. 0.37% of their portfolio DALLAS, TX 46,68046.7k $1.0m $1.0m 0.37% Unchanged
16 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 46,39846.4k $1.0m $1.0m 0.00% Added +22.4k +22,422
17 Next Level Private LLC 0.19% of their portfolio HARRISON, NY 43,52743.5k $971.1k $971.1k 0.19% Unchanged
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 41,71341.7k $930.6k $930.6k 0.00% Added +13.4k +13,427
19 JB CAPITAL PARTNERS LP 0.11% of their portfolio Armonk, NY 33,84733.8k $737.2k $737.2k 0.11% Unchanged
20 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 31,44131.4k $701.4k $701.4k 0.00% Added +3.7k +3,732
21 Focus Financial Network, Inc. 0.02% of their portfolio MINNEAPOLIS, MN 25,21825.2k $562.6k $562.6k 0.02% Added +4.0k +4,042
22 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 24,93924.9k $556.4k $556.4k 0.01% Added +14.9k +14,860
23 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 23,00123.0k $513.1k $513.1k 0.00% Added +700 +700
24 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 22,74722.7k $507.5k $507.5k 0.00% Added +53 +53
25 GREENWOOD GEARHART LLC 0.02% of their portfolio FAYETTEVILLE, AR 21,50021.5k $479.7k $479.7k 0.02% Added +3.7k +3,700
26 Virtus Investment Advisers, LLC 0.11% of their portfolio HARTFORD, CT 20,75720.8k $463.1k $463.1k 0.11% Reduced -5.0k -4,995
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 19,23819.2k $429.0k $429.0k 0.00% Added +1.3k +1,288
28 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 17,41917.4k $388.6k $388.6k 0.00% Reduced -37.3k -37,327
29 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 14,89514.9k $332.3k $332.3k 0.00% Reduced -3.4k -3,408
30 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 14,78214.8k $329.8k $329.8k 0.00% Reduced -3.3k -3,349
31 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 11,12211.1k $248.1k $248.1k 0.00% Reduced -6.1k -6,060
32 DAVIDSON TRUST CO 0.10% of their portfolio SEATTLE, WA 11,00011.0k $245.4k $245.4k 0.10% Unchanged
33 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 10,20010.2k $228.0k $228.0k 0.01% Reduced -500 -500
34 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 9,8519.9k $219.8k $219.8k 0.00% Added +2.4k +2,374
35 VestGen Advisors, LLC 0.01% of their portfolio CHICAGO, IL 9,7199.7k $216.8k $216.8k 0.01% Reduced -9.5k -9,531
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 9,5809.6k $213.7k $213.7k 0.00% Reduced -15.4k -15,447
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,9296.9k $154.3k $154.3k 0.00% Reduced -92 -92
38 UBS Group AG 0.00% of their portfolio ZURICH, V8 6,6656.7k $148.7k $148.7k 0.00% Reduced -20.6k -20,615
39 Register Financial Advisors LLC 0.04% of their portfolio ATLANTA, GA 6,0276.0k $134.5k $134.5k 0.04% Added +24 +24
40 BI Asset Management Fondsmaeglerselskab A/S 0.00% of their portfolio KOBENHAVN, G7 4,9845.0k $111.0k $111.0k 0.00% Reduced -22.0k -22,043
41 Triumph Capital Management 0.01% of their portfolio DENVER, CO 2,9503.0k $65.8k $65.8k 0.01% Added +1.2k +1,175
42 Aquatic Capital Management LLC 0.00% of their portfolio CHICAGO, IL 1,0141.0k $22.6k $22.6k 0.00% Reduced -4.7k -4,711
43 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,0001.0k $22.3k $22.3k 0.00% Unchanged
44 IFG Advisory, LLC 0.00% of their portfolio ATLANTA, GA 1,0001.0k $22.3k $22.3k 0.00% New
45 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 965965 $21.5k $21.5k 0.00% New
46 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 809809 $18.0k $18.0k 0.00% Added +125 +125
47 EVOLUTION WEALTH MANAGEMENT INC. 0.01% of their portfolio FORT MYERS, FL 701701 $15.6k $15.6k 0.01% Unchanged
48 State of Alaska, Department of Revenue 0.00% of their portfolio JUNEAU, AK 630630 $14.0k $14.0k 0.00% Unchanged
49 PFS Partners, LLC 0.00% of their portfolio MINE HILL, NJ 503503 $11.2k $11.2k 0.00% Unchanged
50 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 285285 $6.4k $6.4k 0.00% Reduced -43 -43
51 Avion Wealth 0.00% of their portfolio THE WOODLANDS, TX 218218 $4.0k $4.0k 0.00% Added +7 +7
52 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 100100 $2.2k $2.2k 0.00% New
53 Strategic Investment Solutions, Inc. /IL 0.00% of their portfolio ORLAND PARK, IL 100100 $2.2k $2.2k 0.00% Unchanged
54 MJT & Associates Financial Advisory Group, Inc. 0.00% of their portfolio MONTEVIDEO, MN 9494 $2.1k $2.1k 0.00% Unchanged
55 West Financial Advisors, LLC 0.00% of their portfolio DES MOINES, IA 5757 $1.3k $1.3k 0.00% Added +1 +1
56 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 4949 $1.1k $1.1k 0.00% Unchanged
57 Quarry LP 0.00% of their portfolio NEW YORK, NY 2020 $446 $446 0.00% New
58 Hurley Capital, LLC 0.00% of their portfolio NEW YORK, NY 1515 $344 $344 0.00% Unchanged
59 Frazier Financial Advisors, LLC 0.00% of their portfolio COLUMBUS, OH 1010 $224 $224 0.00% New