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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 7 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, Q1 2026

Institutional positions in Total Return Securities Fund as of Mar 31, 2026. 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
+1 vs. Q4 2025
Shares held
4.95M
−3.37M (−40.5%) vs. Q4 2025
Total value
$29.3M
−$22.4M (−43.3%) vs. Q4 2025
New holders
5
8 more added
Sold out
4
19 more reduced

Compare with Q4 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 holdersQ1 2026: 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 heldQ1 2026: $29.3M
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, Q1 2026

Shares, value and share of portfolio for each institution holding Total Return Securities Fund; share changes are against Q4 2025.

Institutions holding SWZ in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
The PNC Financial Services Group, Inc.16$950.00%−8−33.3%Reduced
Royal Bank of Canada249$1.00K0.00%00.0%Unchanged
North Star Investment Management Corp.951$5.64K0.00%00.0%Unchanged
Ancora Advisors, LLC1,068$6.33K0.00%00.0%Unchanged
JPMorgan Chase & Co1,723$10.2K0.00%−858−33.2%Reduced
Winmill & Co. Inc2,250$13.3K0.00%−1,120−33.2%Reduced
Integris Wealth Management, LLC10,053$59.6K0.01%−1,948−16.2%Reduced
TrueMark Investments, LLC10,749$63.7K0.01%−4,527−29.6%Reduced
B&L Asset Management LLC14,458$85.7K0.04%00.0%Unchanged
Belpointe Asset Management LLC14,458$85.7K0.00%+14,458New
Fortis Capital Advisors, LLC14,458$85.7K0.01%+14,458New
Capital Investment Counsel, Inc14,961$88.7K0.01%00.0%Unchanged
Raymond James Financial Inc16,590$98.4K0.00%+2,650+19.0%Added
Wells Fargo & Company17,435$103.4K0.00%+6,870+65.0%Added
Kestra Advisory Services, LLC18,819$111.6K0.00%00.0%Unchanged
XTX Topco Ltd19,964$118.4K0.00%+19,964New
Advisor Group Holdings, Inc.23,343$138.4K0.00%+10,906+87.7%Added
Logan Stone Capital, LLC27,811$164.9K0.05%00.0%Unchanged
Gamco Investors, Inc. Et Al32,096$190.3K0.00%00.0%Unchanged
Landscape Capital Management, L.L.C.35,909$212.9K0.01%+35,909New
Bulldog Investors, LLP39,787$235.9K0.05%−122,116−75.4%Reduced
Nixon Peabody Trust Co42,024$249.2K0.02%00.0%Unchanged
Almitas Capital LLC46,454$275.5K0.06%+9,673+26.3%Added
UBS Group AG47,295$280.5K0.00%+26,221+124.4%Added
CF Capital LLC47,591$282.2K0.34%−613,554−92.8%Reduced
Morgan Stanley51,524$305.5K0.00%+9,252+21.9%Added
Commonwealth Equity Services, LLC62,145$368.5K0.00%−20,316−24.6%Reduced
Noble Wealth Management PBC69,379$411.4K0.21%−32,545−31.9%Reduced
Alpine Global Management, LLC81,274$482.0K0.07%+81,274New
Uncommon Cents Investing LLC84,372$500.3K0.12%−39,583−31.9%Reduced
Blue Bell Private Wealth Management, LLC88,274$523.5K0.08%+23,761+36.8%Added
Gardner Russo & Quinn LLCSuperinvestorGardner Russo & Quinn97,667$579.2K0.01%−48,617−33.2%Reduced
Yakira Capital Management, Inc.125,557$744.6K0.22%−66,459−34.6%Reduced
Evolve Private Wealth, LLC146,290$867.5K0.05%−71,606−32.9%Reduced
Shaker Financial Services, LLC322,395$1.91M0.67%+186,197+136.7%Added
Rivernorth Capital Management, LLC331,019$1.96M0.10%−105,999−24.3%Reduced
Saba Capital Management, L.P.404,080$2.40M0.08%−201,144−33.2%Reduced
Matisse Capital407,269$2.42M1.03%−202,731−33.2%Reduced
Icon Advisers Inc500,294$2.97M0.69%−45,605−8.4%Reduced
Allspring Global Investments Holdings, LLC650,702$3.86M0.01%−1,476,608−69.4%Reduced
CSS LLC1,020,547$6.05M0.34%−638,460−38.5%Reduced
Private Management Group Inc10,545––00.0%Unchanged
Sit Investment Associates Inc0$00.00%−101,837−100.0%Sold out
Marex Group plc0$00.00%−10,000−100.0%Sold out
SageView Advisory Group, LLC0$00.00%−4,700−100.0%Sold out
Bank of America Corp0$00.00%−2,790−100.0%Sold out