SARATOGA INVT CORP

Ticker: SAR CUSIP: 80349A208 Class: COM

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 11,000 Value ($000) $254 Avg Close $22.67 Range $21.40 - $24.76

Q3 2025

Shares 100,647 Value ($000) $2,455 Avg Close $24.95 Range $24.00 - $25.64

Q2 2025

Shares 231,800 Value ($000) $5,749 Avg Close $24.14 Range $21.10 - $25.58

Q1 2025

Shares 282,000 Value ($000) $7,143 Avg Close $24.86 Range $23.29 - $26.17

Q4 2024

Shares 145,100 Value ($000) $3,471 Avg Close $24.25 Range $23.00 - $26.49

Q3 2024

Shares 147,000 Value ($000) $3,409 Avg Close $23.08 Range $21.56 - $24.48

Q2 2024

Shares 160,600 Value ($000) $3,646 Avg Close $23.32 Range $22.51 - $24.55

Q1 2024

Shares 152,700 Value ($000) $3,543 Avg Close $23.50 Range $22.35 - $26.40

Q4 2023

Shares 212,900 Value ($000) $5,506 Avg Close $24.98 Range $23.00 - $27.00

Q3 2023

Shares 181,300 Value ($000) $4,659 Avg Close $26.28 Range $25.17 - $27.95

Q2 2023

Shares 100,800 Value ($000) $2,721 Avg Close $25.65 Range $22.63 - $28.87

Q1 2023

Shares 63,800 Value ($000) $1,613 Avg Close $26.43 Range $23.51 - $28.00

Q4 2022

Shares 39,100 Value ($000) $997 Avg Close $23.88 Range $20.16 - $27.50

Q3 2022

Shares 40,000 Value ($000) $831 Avg Close $24.04 Range $20.77 - $27.41

Q2 2022

Shares 54,400 Value ($000) $1,304 Avg Close $25.91 Range $22.35 - $28.44

Q1 2022

Shares 62,500 Value ($000) $1,704 Avg Close $27.48 Range $23.54 - $29.48

Q4 2021

Shares 70,200 Value ($000) $2,062 Avg Close $29.08 Range $28.09 - $30.25

Q3 2021

Shares 43,500 Value ($000) $1,250 Avg Close $27.60 Range $26.00 - $29.33

Q2 2021

Shares 34,100 Value ($000) $916 Avg Close $25.60 Range $24.05 - $27.24

Q3 2020

Shares 24,600 Value ($000) $413 Avg Close $17.04 Range $15.00 - $18.58

Q2 2020

Shares 51,000 Value ($000) $806 Avg Close $14.75 Range $9.09 - $18.95

Q1 2020

Shares 51,900 Value ($000) $597 Avg Close $23.01 Range $5.94 - $28.70

Q4 2019

Shares 83,700 Value ($000) $2,088 Avg Close $25.09 Range $23.78 - $26.39

Q3 2019

Shares 41,800 Value ($000) $1,033 Avg Close $24.70 Range $23.65 - $25.80

Q2 2019

Shares 11,700 Value ($000) $289 Avg Close $24.45 Range $22.25 - $25.65

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	11,000	$254	$22.67	$21.40 - $24.76
Q3 2025	100,647	$2,455	$24.95	$24.00 - $25.64
Q2 2025	231,800	$5,749	$24.14	$21.10 - $25.58
Q1 2025	282,000	$7,143	$24.86	$23.29 - $26.17
Q4 2024	145,100	$3,471	$24.25	$23.00 - $26.49
Q3 2024	147,000	$3,409	$23.08	$21.56 - $24.48
Q2 2024	160,600	$3,646	$23.32	$22.51 - $24.55
Q1 2024	152,700	$3,543	$23.50	$22.35 - $26.40
Q4 2023	212,900	$5,506	$24.98	$23.00 - $27.00
Q3 2023	181,300	$4,659	$26.28	$25.17 - $27.95
Q2 2023	100,800	$2,721	$25.65	$22.63 - $28.87
Q1 2023	63,800	$1,613	$26.43	$23.51 - $28.00
Q4 2022	39,100	$997	$23.88	$20.16 - $27.50
Q3 2022	40,000	$831	$24.04	$20.77 - $27.41
Q2 2022	54,400	$1,304	$25.91	$22.35 - $28.44
Q1 2022	62,500	$1,704	$27.48	$23.54 - $29.48
Q4 2021	70,200	$2,062	$29.08	$28.09 - $30.25
Q3 2021	43,500	$1,250	$27.60	$26.00 - $29.33
Q2 2021	34,100	$916	$25.60	$24.05 - $27.24
Q3 2020	24,600	$413	$17.04	$15.00 - $18.58
Q2 2020	51,000	$806	$14.75	$9.09 - $18.95
Q1 2020	51,900	$597	$23.01	$5.94 - $28.70
Q4 2019	83,700	$2,088	$25.09	$23.78 - $26.39
Q3 2019	41,800	$1,033	$24.70	$23.65 - $25.80
Q2 2019	11,700	$289	$24.45	$22.25 - $25.65