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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, Q3 2025

Institutional positions in Total Return Securities Fund as of Sep 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
42
+3 vs. Q2 2025
Shares held
6.50M
+473.3K (+7.9%) vs. Q2 2025
Total value
$39.5M
+$1.32M (+3.5%) vs. Q2 2025
New holders
7
13 more added
Sold out
4
6 more reduced

Compare with Q2 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 holdersQ3 2025: 42 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 heldQ3 2025: $39.5M
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, Q3 2025

Shares, value and share of portfolio for each institution holding Total Return Securities Fund; share changes are against Q2 2025.

Institutions holding SWZ in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Royal Bank of Canada249$2.00K0.00%00.0%Unchanged
Sit Investment Associates Inc300$2.00K0.00%+300New
CWM, LLC835$5.00K0.00%00.0%Unchanged
North Star Investment Management Corp.951$5.78K0.00%00.0%Unchanged
Ancora Advisors, LLC1,068$6.49K0.00%00.0%Unchanged
Federation des caisses Desjardins du Quebec1,829$11.1K0.00%00.0%Unchanged
JPMorgan Chase & Co2,581$15.7K0.00%00.0%Unchanged
Winmill & Co. Inc3,270$19.9K0.00%00.0%Unchanged
The PNC Financial Services Group, Inc.3,718$22.6K0.00%00.0%Unchanged
Advisor Group Holdings, Inc.4,906$29.8K0.00%+795+19.3%Added
Bank of America Corp5,382$32.7K0.00%−9,543−63.9%Reduced
Wells Fargo & Company9,835$59.8K0.00%+476+5.1%Added
Guggenheim Capital LLC10,954$66.6K0.00%+10,954New
Integris Wealth Management, LLC12,001$73.0K0.02%00.0%Unchanged
Raymond James Financial Inc13,850$84.2K0.00%+5,100+58.3%Added
UBS Group AG14,162$86.1K0.00%−2,334−14.1%Reduced
B&L Asset Management LLC14,459$87.9K0.05%00.0%Unchanged
Gamco Investors, Inc. Et Al16,048$97.6K0.00%00.0%Unchanged
Kestra Advisory Services, LLC18,819$114.4K0.00%00.0%Unchanged
Susquehanna International Group, LLP19,315$117.4K0.00%+9,126+89.6%Added
Delta Capital Management LLC33,363$203.0K0.10%00.0%Unchanged
Morgan Stanley53,151$323.2K0.00%−3,284−5.8%Reduced
Noble Wealth Management PBC54,212$329.6K0.18%+54,212New
Quarry LP75,080$456.5K0.11%+75,080New
Boothbay Fund Management, LLC87,500$532.0K0.01%+87,500New
Alpine Global Management, LLC87,500$532.0K0.11%+87,500New
Bulldog Investors, LLP106,902$650.0K0.15%00.0%Unchanged
Uhlmann Price Securities, LLC111,654$678.9K0.42%+7,045+6.7%Added
Commonwealth Equity Services, LLC122,794$747.0K0.00%−31,355−20.3%Reduced
Uncommon Cents Investing LLC123,955$753.6K0.19%+250.0%Added
Yakira Capital Management, Inc.192,016$1.17M0.43%+52,639+37.8%Added
Blue Bell Private Wealth Management, LLC192,703$1.17M0.18%+87,695+83.5%Added
CF Capital LLC193,523$1.18M0.72%+43,465+29.0%Added
Karpus Management, Inc.206,753$1.26M0.04%−30,592−12.9%Reduced
Shaker Financial Services, LLC298,862$1.82M0.62%+158,502+112.9%Added
Saba Capital Management, L.P.302,612$1.84M0.06%+57,579+23.5%Added
Rivernorth Capital Management, LLC378,637$2.30M0.13%−291,309−43.5%Reduced
Gardner Russo & Quinn LLCSuperinvestorGardner Russo & Quinn434,237$2.64M0.03%00.0%Unchanged
CSS LLC544,683$3.31M0.20%+19,755+3.8%Added
Matisse Capital607,000$3.69M1.66%+607,000New
Allspring Global Investments Holdings, LLC2,127,310$12.9M0.02%+196,505+10.2%Added
Private Management Group Inc10,545––00.0%Unchanged
Lazard Asset Management LLC0$00.00%−666,252−100.0%Sold out
Beverly Hills Private Wealth, LLC0$00.00%−19,248−100.0%Sold out
Balyasny Asset Management LLC0$00.00%−19,116−100.0%Sold out
Capital Investment Counsel, Inc0$00.00%−14,961−100.0%Sold out