Saratoga Investment Corp. (SAR)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Two Sigma Investments, Lp	235,054	$6,078,496	0.01%
2.	Hennion & Walsh Asset Management, Inc.	123,219	$3,186,443	0.18%
3.	Advisors Asset Management, Inc.	119,328	$3,085,822	0.06%
4.	Private Advisor Group, Llc	110,351	$2,853,690	0.02%
5.	Quadrature Capital Ltd	100,385	$2,595,454	0.04%