Saratoga Investment Corp.
US ˙ NYSE ˙ US80349A2087

SecuritySAR / Saratoga Investment Corp.
InstitutionPFG Advisors
Latest Disclosed Ownership21,704 shares
Latest Disclosed Value $ 474,669
PFG Advisors reports 0.03% increase in ownership of SAR / Saratoga Investment Corp.

On May 5, 2026 - PFG Advisors filed a 13F-HR form disclosing ownership of 21,704 shares of Saratoga Investment Corp. (US:SAR) valued at $474,666 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 27, 2026 disclosing 21,697 shares of Saratoga Investment Corp.. This represents a change in shares of 0.03% during the quarter. The current value of the position is $486,387 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-05 2026-03-31 13F SARATOGA INVT COM NEW 80349A208 21,704 7 0.03 475 -5.20 0.0231
2026-01-27 2025-12-31 13F SARATOGA INVT COM NEW 80349A208 21,697 -220 -1.00 501 -6.37 0.0243
2025-11-13 2025-09-30 13F SARATOGA INVT COM NEW 80349A208 21,917 6 0.03 535 -1.66 0.0219
2025-08-07 2025-06-30 13F SARATOGA INVT COM NEW 80349A208 21,911 6 0.03 543 -1.99 0.0251
2025-05-06 2025-03-31 13F SARATOGA INVT COM NEW 80349A208 21,905 -169 -0.77 555 4.92 0.0310
2025-02-07 2024-12-31 13F SARATOGA INVT COM NEW 80349A208 22,074 -375 -1.67 528 1.54 0.0323
2024-10-15 2024-09-30 13F SARATOGA INVT COM NEW 80349A208 22,449 0 0.00 521 2.16 0.0328
2024-08-08 2024-06-30 13F SARATOGA INVT COM NEW 80349A208 22,449 -746 -3.22 510 -5.39 0.0344
2024-05-07 2024-03-31 13F SARATOGA INVT COM NEW 80349A208 23,195 -33 -0.14 538 -10.33 0.0393
2024-01-19 2023-12-31 13F SARATOGA INVT COM NEW 80349A208 23,228 -2,001 -7.93 601 -7.41 0.0485
2023-10-13 2023-09-30 13F SARATOGA INVT COM NEW 80349A208 25,229 -1,162 -4.40 648 -8.99 0.0582
2023-07-20 2023-06-30 13F SARATOGA INVT COM NEW 80349A208 26,391 0 0.00 712 6.75 0.0542
2023-04-21 2023-03-31 13F SARATOGA INVT COM NEW 80349A208 26,391 -1,826 -6.47 667 -7.23 0.0558
2023-01-30 2022-12-31 13F SARATOGA INVT COM NEW 80349A208 28,217 -585 -2.03 719 20.23 0.0705
2022-10-14 2022-09-30 13F SARATOGA INVT COM NEW 80349A208 28,802 -1,163 -3.88 598 -16.71 0.0683
2022-07-13 2022-06-30 13F SARATOGA INVT COM NEW 80349A208 29,965 0 0.00 718 -12.12 0.0812
2022-04-19 2022-03-31 13F SARATOGA INVT COM NEW 80349A208 29,965 0 0.00 817 -7.16 0.0816
2022-01-21 2021-12-31 13F SARATOGA INVT COM NEW 80349A208 29,965 -633 -2.07 880 0.11 0.0866
2021-11-05 2021-09-30 13F SARATOGA INVT COM NEW 80349A208 30,598 -4,133 -11.90 879 -5.79 0.0972
2021-07-28 2021-06-30 13F SARATOGA INVT COM NEW 80349A208 34,731 0 0.00 933 6.14 0.1067
2021-04-27 2021-03-31 13F SARATOGA INVT COM NEW 80349A208 34,731 -2,740 -7.31 879 12.55 0.1126
2021-01-26 2020-12-31 13F SARATOGA INVT COM NEW 80349A208 37,471 -1,148 -2.97 781 14.18 0.1322
2020-10-13 2020-09-30 13F SARATOGA INVT COM NEW 80349A208 38,619 -200 -0.52 684 8.06 0.1314
2020-07-16 2020-06-30 13F SARATOGA INVT COM NEW 80349A208 38,819 -1,493 -3.70 633 16.36 0.1426
2020-04-29 2020-03-31 13F SARATOGA INVT COM NEW 80349A208 40,312 0 0.00 544 -46.30 0.1464
2020-01-14 2019-12-31 13F SARATOGA INVT COM NEW 80349A208 40,312 2,729 7.26 1,013 10.11 0.2485
2019-10-15 2019-09-30 13F SARATOGA INVT COM NEW 80349A208 37,583 549 1.48 920 -2.54 0.2539
2019-08-05 2019-06-30 13F SARATOGA INVT COM NEW 80349A208 37,034 -2,108 -5.39 944 -3.77 0.2564
2019-05-08 2019-03-31 13F SARATOGA INVT COM NEW 80349A208 39,142 439 1.13 981 9.85 0.2988
2019-02-19 2018-12-31 13F/A-1 SARATOGA INVT COM NEW 80349A208 38,703 38,703 893 0.2800
2019-01-18 2018-12-31 13F SARATOGA INVT COM NEW 80349A208 38,703 38,703 837 0.3019
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.