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Total Return Securities Fund

SWZ
Exchange
NYSE
SEC CIK
0000813623

In the last 90 days, Total Return Securities Fund insiders filed 8 open-market purchases and 0 sales; 42 institutions reported holding it in 13F filings for Q2 2026, worth $32.0M in total; Gardner Russo & Quinn is the only superinvestor holding it.

13F holders, Q2 2025

Institutional positions in Total Return Securities Fund as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
39
+2 vs. Q1 2025
Shares held
6.03M
+65.5K (+1.1%) vs. Q1 2025
Total value
$38.1M
−$16.8M (−30.6%) vs. Q1 2025
New holders
7
13 more added
Sold out
5
8 more reduced

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting SWZ on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 39 institutions
Q1 2021: 35 institutionsQ2 2021: 39 institutionsQ3 2021: 37 institutionsQ4 2021: 36 institutionsQ1 2022: 34 institutionsQ2 2022: 31 institutionsQ3 2022: 31 institutionsQ4 2022: 34 institutionsQ1 2023: 31 institutionsQ2 2023: 33 institutionsQ3 2023: 33 institutionsQ4 2023: 33 institutionsQ1 2024: 36 institutionsQ2 2024: 42 institutionsQ3 2024: 38 institutionsQ4 2024: 38 institutionsQ1 2025: 37 institutionsQ2 2025: 39 institutionsQ3 2025: 42 institutionsQ4 2025: 41 institutionsQ1 2026: 42 institutionsQ2 2026: 42 institutions
Value heldQ2 2025: $38.1M
Q1 2021: $44.0MQ2 2021: $49.9MQ3 2021: $46.7MQ4 2021: $49.9MQ1 2022: $44.9MQ2 2022: $37.2MQ3 2022: $31.0MQ4 2022: $36.3MQ1 2023: $39.0MQ2 2023: $40.0MQ3 2023: $39.9MQ4 2023: $43.8MQ1 2024: $42.2MQ2 2024: $45.5MQ3 2024: $52.8MQ4 2024: $44.5MQ1 2025: $54.9MQ2 2025: $38.1MQ3 2025: $39.5MQ4 2025: $51.7MQ1 2026: $29.3MQ2 2026: $32.0M
Institutions holding SWZ and their total value by quarter
QuarterHoldersValue
Q2 202642$32.0M
Q1 202642$29.3M
Q4 202541$51.7M
Q3 202542$39.5M
Q2 202539$38.1M
Q1 202537$54.9M
Q4 202438$44.5M
Q3 202438$52.8M
Q2 202442$45.5M
Q1 202436$42.2M
Q4 202333$43.8M
Q3 202333$39.9M
Q2 202333$40.0M
Q1 202331$39.0M
Q4 202234$36.3M
Q3 202231$31.0M
Q2 202231$37.2M
Q1 202234$44.9M
Q4 202136$49.9M
Q3 202137$46.7M
Q2 202139$49.9M
Q1 202135$44.0M

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding Total Return Securities Fund; share changes are against Q1 2025.

Institutions holding SWZ in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Allspring Global Investments Holdings, LLC1,930,805$12.2M0.02%00.0%Unchanged
Rivernorth Capital Management, LLC669,946$4.25M0.23%+625,113+1,394.3%Added
Lazard Asset Management LLC666,252$4.22M0.01%−862,216−56.4%Reduced
CSS LLC524,928$3.33M0.21%+147,270+39.0%Added
Gardner Russo & Quinn LLCSuperinvestorGardner Russo & Quinn434,237$2.75M0.03%+140,834+48.0%Added
Saba Capital Management, L.P.245,033$1.55M0.04%+2,894+1.2%Added
Karpus Management, Inc.237,345$1.50M0.05%−10,115−4.1%Reduced
Commonwealth Equity Services, LLC154,149$977.0K0.00%+29,321+23.5%Added
CF Capital LLC150,058$948.4K1.21%+145,258+3,026.2%Added
Shaker Financial Services, LLC140,360$889.9K0.32%+54,272+63.0%Added
Yakira Capital Management, Inc.139,377$883.6K0.33%+109,272+363.0%Added
Uncommon Cents Investing LLC123,930$785.7K0.21%+23,800+23.8%Added
Bulldog Investors, LLP106,902$677.8K0.17%−130,570−55.0%Reduced
Blue Bell Private Wealth Management, LLC105,008$665.8K0.11%+7,006+7.1%Added
Uhlmann Price Securities, LLC104,609$663.2K0.47%−39,228−27.3%Reduced
Morgan Stanley56,435$357.8K0.00%−4,025−6.7%Reduced
Delta Capital Management LLC33,363$212.0K0.12%00.0%Unchanged
Beverly Hills Private Wealth, LLC19,248$122.0K0.02%+19,248New
Balyasny Asset Management LLC19,116$121.2K0.00%+19,116New
Kestra Advisory Services, LLC18,819$119.3K0.00%+5,943+46.2%Added
UBS Group AG16,496$104.6K0.00%−28,091−63.0%Reduced
Gamco Investors, Inc. Et Al16,048$101.7K0.00%00.0%Unchanged
Capital Investment Counsel, Inc14,961$94.9K0.01%00.0%Unchanged
Bank of America Corp14,925$94.6K0.00%+1,253+9.2%Added
B&L Asset Management LLC14,459$91.7K0.05%+14,459New
Integris Wealth Management, LLC12,001$76.1K0.02%+12,001New
Susquehanna International Group, LLP10,189$64.6K0.00%+10,189New
Wells Fargo & Company9,359$59.3K0.00%+255+2.8%Added
Raymond James Financial Inc8,750$55.5K0.00%+8,750New
Advisor Group Holdings, Inc.4,111$26.1K0.00%−3,480−45.8%Reduced
The PNC Financial Services Group, Inc.3,718$23.6K0.00%−2,550−40.7%Reduced
Winmill & Co. Inc3,270$20.7K0.01%00.0%Unchanged
JPMorgan Chase & Co2,581$16.4K0.00%00.0%Unchanged
Federation des caisses Desjardins du Quebec1,829$11.6K0.00%00.0%Unchanged
Ancora Advisors, LLC1,068$6.77K0.00%00.0%Unchanged
North Star Investment Management Corp.951$6.03K0.00%00.0%Unchanged
CWM, LLC835$5.00K0.00%00.0%Unchanged
Royal Bank of Canada249$2.00K0.00%00.0%Unchanged
Private Management Group Inc10,545––+10,545New
Envestnet Asset Management Inc0$00.00%−164,184−100.0%Sold out
1607 Capital Partners, LLC0$00.00%−39,979−100.0%Sold out
Wolverine Asset Management LLC0$00.00%−25,856−100.0%Sold out
CNH Partners LLC0$00.00%−10,867−100.0%Sold out
US Bancorp0$00.00%−135−100.0%Sold out