Saratoga Investment Corp 8.50% (SAZ) Institutional Ownership

Based on Q4 2025 13F filings, institutional ownership of Saratoga Investment Corp 8.50% stands at 1.9%, held across 1 reporting institutions.

Karpus Management, Inc. is the largest reported institutional holder of SAZ, with approximately 315,605 shares worth $0.01B as of Q4 2025.

No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of SAZ.

Our composite Smart Money Score for SAZ is 52 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.

1 institutions opened new positions in SAZ during Q4 2025, while 0 fully exited. 0 added to existing positions and 0 trimmed.

Quarter-over-quarter ownership change for SAZ is not yet available — at least two quarters of 13F data are required.

The top 10 institutions account for 100.0% of all reported 13F value in SAZ, and the top 25 account for 100.0%.

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.