Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in SAR held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Lido Advisors, LLC | 199K | $4.4M | 0.0% | 1.224% | 0.01% |
| 2 | Private Advisor Group, LLC | 165K | $3.6M | +1.1% | 1.015% | 0.02% |
| 3 | Legal & General Group Plc | 123K | $2.7M | +4.8% | 0.756% | 0.00% |
| 4 | LPL Financial LLC | 114K | $2.5M | +0.2% | 0.701% | 0.00% |
| 5 | WELLS FARGO & COMPANY/MN | 85K | $1.9M | +2.9% | 0.524% | 0.00% |
| 6 | INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 82K | $1.8M | +33.3% | 0.507% | 0.12% |
| 7 | Ethos Financial Group, LLC | 53K | $1.2M | 0.0% | 0.325% | 0.09% |
| 8 | TWO SIGMA INVESTMENTS, LP | 55K | $1.2M | -18.9% | 0.337% | 0.00% |
| 9 | BlackRock, Inc. | 55K | $1.2M | -42.6% | 0.336% | 0.00% |
| 10 | Wealthcare Advisory Partners LLC | 51K | $1.1M | +2.2% | 0.311% | 0.02% |
| 11 | RAYMOND JAMES FINANCIAL INC | 48K | $1.1M | +88.8% | 0.298% | 0.00% |
| 12 | Palogic Value Management, L.P. | 47K | $1.0M | 0.0% | 0.287% | 0.45% |
| 13 | Next Level Private LLC | 44K | $952K | 0.0% | 0.268% | 0.22% |
| 14 | JB CAPITAL PARTNERS LP | 34K | $761K | 0.0% | 0.208% | 0.13% |
| 15 | MORGAN STANLEY | 28K | $619K | -6.8% | 0.174% | 0.00% |
| 16 | Focus Partners Wealth | 28K | $606K | +8.2% | 0.170% | 0.00% |
| 17 | UBS Group AG | 27K | $597K | +109.5% | 0.168% | 0.00% |
| 18 | Virtus Investment Advisers, Inc. | 26K | $563K | -21.1% | 0.158% | 0.16% |
| 19 | BANK OF AMERICA CORP /DE/ | 25K | $547K | +2243.3% | 0.154% | 0.00% |
| 20 | ADVISOR GROUP HOLDINGS, INC. | 23K | $496K | +23.3% | 0.139% | 0.00% |
| 21 | Cetera Investment Advisers | 22K | $488K | +2.2% | 0.137% | 0.00% |
| 22 | PFG Advisors | 22K | $475K | +0.0% | 0.133% | 0.02% |
| 23 | Focus Financial Network, Inc. | 21K | $463K | +8.8% | 0.130% | 0.02% |
| 24 | VestGen Advisors, LLC | 19K | $426K | — | 0.118% | 0.01% |
| 25 | D.A. DAVIDSON & CO. | 18K | $400K | +0.6% | 0.112% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in SAR — a direct measure of their conviction.
Filings activity in SAR during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 60 | 13% | 9.36% | 2.28 pp | $34M | 20% |
| Q4 2025 | 69 | +1.5% | 11.64% | 1.03 pp | $43M | 8.1% |
| Q3 2025 | 68 | +4.6% | 12.67% | 0.31 pp | $46M | 2.4% |
| Q2 2025 | 65 | +1.6% | 12.98% | 1.41 pp | $47M | 9.8% |
| Q1 2025 | 64 | 1.5% | 14.39% | +1.57 pp | $53M | +12% |
| Q4 2024 | 65 | +16% | 12.82% | +2.19 pp | $47M | +21% |
| Q3 2024 | 56 | +0.0% | 10.63% | +0.26 pp | $39M | +2.5% |
| Q2 2024 | 56 | — | 10.37% | — | $38M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying SAR stock.
Based on Q1 2026 13F filings, institutional ownership of Saratoga Investment Corp. stands at 9.4%, held across 60 reporting institutions.
Lido Advisors, LLC is the largest reported institutional holder of SAR, with approximately 199,138 shares worth $0.00B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of SAR, including TWO SIGMA INVESTMENTS, LP.
Our composite Smart Money Score for SAR is 30 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
9 institutions opened new positions in SAR during Q1 2026, while 18 fully exited. 10 added to existing positions and 39 trimmed.
SAR institutional ownership fell by 2.28 percentage points quarter-over-quarter, with a net change of -9 holders.
The top 10 institutions account for 62.9% of all reported 13F value in SAR, and the top 25 account for 90.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Saratoga Investment Corp. (SAR) Institutional Ownership