사라토가 투자 공사
US ˙ NYSE ˙ US80349A2087

SecuritySAR / Saratoga Investment Corp.
InstitutionMorgan Stanley
Latest Disclosed Ownership28,286 shares
Latest Disclosed Value $ 618,615
Morgan Stanley reports 6.76% decrease in ownership of SAR / Saratoga Investment Corp.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 28,286 shares of Saratoga Investment Corp. (US:SAR) valued at $618,615 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 30,338 shares of Saratoga Investment Corp.. This represents a change in shares of -6.76% during the quarter. The current value of the position is $633,889 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)
2026-05-15 2026-03-31 13F SARATOGA INVT COM NEW 80349A208 28,286 -2,052 -6.76 619 -11.59 0.0000
2026-05-27 2025-12-31 13F/A-1 SARATOGA INVT COM NEW 80349A208 30,338 -46,695 -60.62 700 -62.78 0.0000
2026-02-13 2025-12-31 13F SARATOGA INVT COM NEW 80349A208 30,338 -46,695 700 0.0000
2026-05-27 2025-09-30 13F/A-1 SARATOGA INVT COM NEW 80349A208 77,033 -880 -1.13 1,879 -2.80 0.0001
2025-11-14 2025-09-30 13F SARATOGA INVT COM NEW 80349A208 77,033 -880 1,879 0.0001
2025-08-15 2025-06-30 13F SARATOGA INVT COM NEW 80349A208 77,913 -14,740 -15.91 1,932 -17.65 0.0001
2025-05-15 2025-03-31 13F SARATOGA INVT COM NEW 80349A208 92,653 -1,539 -1.63 2,347 4.13 0.0002
2025-05-15 2024-12-31 13F/A-1 SARATOGA INVT COM NEW 80349A208 94,192 9,257 10.90 2,253 14.42 0.0002
2025-02-14 2024-12-31 13F SARATOGA INVT COM NEW 80349A208 94,192 9,257 2,253 0.0002
2025-05-14 2024-09-30 13F/A-2 SARATOGA INVT COM NEW 80349A208 84,935 -12,815 -13.11 1,970 -11.23 0.0001
2025-02-14 2024-09-30 13F/A-1 SARATOGA INVT COM NEW 80349A208 84,935 -12,815 1,970 0.0001
2024-11-14 2024-09-30 13F SARATOGA INVT COM NEW 80349A208 84,935 -12,815 1,970 0.0000
2025-05-14 2024-06-30 13F/A-2 SARATOGA INVT COM NEW 80349A208 97,750 41,774 74.63 2,219 70.88 0.0002
2024-10-17 2024-06-30 13F/A-1 SARATOGA INVT COM NEW 80349A208 97,750 41,774 2,219 0.0002
2024-08-14 2024-06-30 13F SARATOGA INVT COM NEW 80349A208 97,750 41,774 2,219 0.0002
2024-10-17 2024-03-31 13F/A-2 SARATOGA INVT COM NEW 80349A208 55,976 23,931 74.68 1,299 56.76 0.0001
2024-08-16 2024-03-31 13F/A-1 SARATOGA INVT COM NEW 80349A208 55,976 23,931 1,299 0.0000
2024-05-15 2024-03-31 13F SARATOGA INVT COM NEW 80349A208 55,976 23,931 1,299 0.0001
2024-08-16 2023-12-31 13F/A-1 SARATOGA INVT COM NEW 80349A208 32,045 -19,364 -37.67 829 -37.32 0.0001
2024-02-13 2023-12-31 13F SARATOGA INVT COM NEW 80349A208 32,045 -19,364 829 0.0001
2023-11-15 2023-09-30 13F SARATOGA INVT COM NEW 80349A208 51,409 15,919 44.85 1,321 38.04 0.0001
2023-08-14 2023-06-30 13F SARATOGA INVT COM NEW 80349A208 35,490 3,428 10.69 958 18.15 0.0001
2023-05-15 2023-03-31 13F SARATOGA INVT COM NEW 80349A208 32,062 6,244 24.18 811 23.10 0.0001
2023-02-14 2022-12-31 13F SARATOGA INVT COM NEW 80349A208 25,818 -9,342 -26.57 658 -9.86 0.0001
2022-11-14 2022-09-30 13F SARATOGA INVT COM NEW 80349A208 35,160 944 2.76 730 -10.98 0.0001
2022-10-27 2022-06-30 13F/A-1 SARATOGA INVT COM NEW 80349A208 34,216 5,944 21.02 820 6.49 0.0001
2022-08-15 2022-06-30 13F SARATOGA INVT COM NEW 80349A208 34,216 5,944 820 0.0001
2022-10-27 2022-03-31 13F/A-1 SARATOGA INVT COM NEW 80349A208 28,272 699 2.54 770 -4.94 0.0001
2022-05-13 2022-03-31 13F SARATOGA INVT COM NEW 80349A208 28,272 699 770 0.0001
2022-02-14 2021-12-31 13F SARATOGA INVT COM NEW 80349A208 27,573 -3,861 -12.28 810 -10.30 0.0001
2021-11-15 2021-09-30 13F SARATOGA INVT COM NEW 80349A208 31,434 19,995 174.80 903 193.18 0.0001
2021-08-23 2021-06-30 13F/A-1 SARATOGA INVT COM NEW 80349A208 11,439 213 1.90 308 8.45 0.0000
2021-08-16 2021-06-30 13F SARATOGA INVT COM NEW 80349A208 11,439 213 308 0.0000
2021-05-17 2021-03-31 13F SARATOGA INVT COM NEW 80349A208 11,226 -83 -0.73 284 20.34 0.0000
2021-02-16 2020-12-31 13F SARATOGA INVT COM NEW 80349A208 11,309 -33,279 -74.64 236 -68.49 0.0000
2020-11-13 2020-09-30 13F SARATOGA INVT COM NEW 80349A208 44,588 2,020 4.75 749 11.29 0.0001
2020-08-14 2020-06-30 13F SARATOGA INVT COM NEW 80349A208 42,568 -2,090 -4.68 673 30.93 0.0001
2020-05-26 2020-03-31 13F/A-1 SARATOGA INVT COM NEW 80349A208 44,658 15,793 54.71 514 -28.61 0.0001
2020-05-15 2020-03-31 13F SARATOGA INVT COM NEW 80349A208 44,658 15,793 514 39.4859
2020-02-14 2019-12-31 13F SARATOGA INVT COM NEW 80349A208 28,865 19,052 194.15 720 196.30 0.0002
2019-11-14 2019-09-30 13F SARATOGA INVT COM NEW 80349A208 9,813 5,943 153.57 243 153.13 0.0001
2019-08-14 2019-06-30 13F SARATOGA INVT COM NEW 80349A208 3,870 1,372 54.92 96 74.55 0.0000
2019-05-15 2019-03-31 13F SARATOGA INVT COM NEW 80349A208 2,498 79 3.27 55 14.58 0.0000
2019-02-14 2018-12-31 13F SARATOGA INVT COM NEW 80349A208 2,419 -1,555 -39.13 48 -47.25 0.0000
2019-04-23 2018-09-30 13F/A-2 SARATOGA INVT COM NEW 80349A208 3,974 3,876 3,955.10 91 2,933.33 0.0000
2018-11-20 2018-09-30 13F/A-1 SARATOGA INVT COM NEW 80349A208 3,974 0 91 0.0000
2018-11-14 2018-09-30 13F SARATOGA INVT COM NEW 80349A208 3,974 3,876 91
2019-04-23 2018-06-30 13F/A-1 SARATOGA INVT COM NEW 80349A208 98 -1,643 -94.37 3 -91.67 0.0000
2018-08-14 2018-06-30 13F SARATOGA INVT COM NEW 80349A208 98 -1,643 3
2019-04-23 2018-03-31 13F/A-1 SARATOGA INVT COM NEW 80349A208 1,741 -3,479 -66.65 36 -69.23 0.0000
2018-05-14 2018-03-31 13F SARATOGA INVT COM NEW 80349A208 1,741 -3,479 36
2019-04-23 2017-12-31 13F/A-1 SARATOGA INVT COM NEW 80349A208 5,220 2,569 96.91 117 105.26 0.0000
2018-02-14 2017-12-31 13F SARATOGA INVT COM NEW 80349A208 5,220 2,569 117
2017-11-14 2017-09-30 13F SARATOGA INVT COM NEW 80349A208 2,651 -3,258 -55.14 57 -54.03 0.0000
2017-08-11 2017-06-30 13F SARATOGA INVT COM NEW 80349A208 5,909 -3,090 -34.34 124 -36.41 0.0000
2017-05-22 2017-03-31 13F/A-1 SARATOGA INVT COM NEW 80349A208 8,999 -1,803 -16.69 195 -12.16 0.0001
2017-05-12 2017-03-31 13F SARATOGA INVT COM NEW 80349A208 8,999 195
2017-02-22 2016-12-31 13F/A-1 SARATOGA INVT COM NEW 80349A208 10,802 4,157 62.56 222 88.14 0.0001
2017-02-13 2016-12-31 13F SARATOGA INVT COM NEW 80349A208 10,802 222
2016-11-10 2016-09-30 13F SARATOGA INVT COM NEW 80349A208 6,645 -824 -11.03 118 -6.35 0.0000
2016-08-12 2016-06-30 13F SARATOGA INVT COM NEW 80349A208 7,469 -4,852 -39.38 126 -34.72 0.0000
2016-05-12 2016-03-31 13F SARATOGA INVT COM NEW 80349A208 12,321 -3,677 -22.98 193 -21.54 0.0001
2016-02-09 2015-12-31 13F SARATOGA INVT COM NEW 80349A208 15,998 -78 -0.49 246 -5.38 0.0001
2016-02-08 2015-09-30 13F/A-1 SARATOGA INVT COM NEW 80349A208 16,076 -1,744 -9.79 260 -15.03 0.0001
2015-11-09 2015-09-30 13F SARATOGA INVT COM NEW 80349A208 16,076 260
2015-08-12 2015-06-30 13F SARATOGA INVT COM NEW 80349A208 17,820 -211 -1.17 306 6.99 0.0001
2015-05-14 2015-03-31 13F SARATOGA INVT COM NEW 80349A208 18,031 -12,878 -41.66 286 -37.55 0.0001
2015-02-13 2014-12-31 13F SARATOGA INVT COM NEW 80349A208 30,909 3,004 10.77 458 2.46 0.0002
2014-12-16 2014-09-30 13F/A-1 SARATOGA INVT COM NEW 80349A208 27,905 3,024 12.15 447 17.02 0.0002
2014-11-14 2014-09-30 13F SARATOGA INVT COM NEW 80349A208 27,905 447
2014-05-13 2014-03-31 13F SARATOGA INVT COM NEW 80349A208 24,881 683 2.82 382 0.79 0.0002
2014-02-13 2013-12-31 13F SARATOGA INVT COM NEW 80349A208 24,198 3,984 19.71 379 0.26 0.0002
2013-11-13 2013-09-30 13F SARATOGA INVT CORP COM ST COM 80349A208 20,214 5,644 38.74 378 47.08 0.0002
2013-08-08 2013-06-30 13F SARATOGA INVT CORP COM ST COM 80349A208 14,570 14,570 257 0.0001
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.