Saratoga Investment Corp. (SAR)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Lido Advisors, Llc	199,138	$4,855,300	0.01%
2.	Private Advisor Group, Llc	163,359	$3,768,697	0.02%
3.	Closed-end Fund Advisors, Inc.	159,499	$3,679,642	2.17%
4.	Hennion & Walsh Asset Management, Inc.	141,470	$3,263,713	0.11%
5.	Legal & General Group Plc	117,294	$2,705,973	0%