Total Return Securities Fund (SWZ) — Institutional Holders, Q2 2026
42 institutional investment managers reported a SWZ position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $32.3M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
SWZ in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- BANK OF AMERICANew · +867,363 sh+$5.2M
- Matisse CapitalAdded · +201,731 sh+$1.2M
- Logan Stone CapitalAdded · +170,346 sh+$1.0M
- BLUE BELL PRIVATE WEALTH MANAGEMENTAdded · +80,336 sh+$477.2K
- Shaker Financial ServicesAdded · +70,775 sh+$420.4K
Biggest sellers
- Allspring Global InvestmentsSold out · -650,702 sh-$3.9M
- RIVERNORTH CAPITAL MANAGEMENTTrimmed · -320,830 sh-$1.9M
- ICON ADVISERSTrimmed · -54,074 sh-$321.2K
- North Ground CapitalSold out · -47,591 sh-$282.7K
- NIXON PEABODYSold out · -42,024 sh-$249.6K
SWZ 13F holders ranked 1–42 of 42
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | CSS#1 · 1,040,190 sh | 1,040,190 | $6.2M | 0.24% | +1.9% |
| 2 | BANK OF AMERICA#2 · 867,363 sh | 867,363 | $5.2M | <0.01% | New |
| 3 | Matisse Capital#3 · 609,000 sh | 609,000 | $3.6M | 1.45% | +49.5% |
| 4 | ICON ADVISERS#4 · 446,220 sh | 446,220 | $2.7M | 0.50% | -10.8% |
| 5 | Saba Capital Management, L.P.#5 · 404,080 sh | 404,080 | $2.4M | 0.06% | 0.0% |
| 6 | Shaker Financial Services#6 · 393,170 sh | 393,170 | $2.3M | — | +22.0% |
| 7 | Logan Stone Capital#7 · 198,157 sh | 198,157 | $1.2M | 0.25% | +612.5% |
| 8 | BLUE BELL PRIVATE WEALTH MANAGEMENT#8 · 168,610 sh | 168,610 | $1.0M | 0.12% | +91.0% |
| 9 | EVOLVE PRIVATE WEALTH#9 · 139,192 sh | 139,192 | $826.8K | 0.05% | -4.9% |
| 10 | Yakira Capital Management#10 · 125,557 sh | 125,557 | $745.8K | 0.21% | 0.0% |
| 11 | Almitas Capital#11 · 115,581 sh | 115,581 | $686.6K | 0.16% | +148.8% |
| 12 | LANDSCAPE CAPITAL MANAGEMENT, L.L.C.#12 · 97,847 sh | 97,847 | $581.2K | 0.04% | +172.5% |
| 13 | GARDNER RUSSO & QUINN#13 · 97,667 sh | 97,667 | $580.1K | <0.01% | 0.0% |
| 14 | Uncommon Cents Investing#14 · 85,036 sh | 85,036 | $505.1K | — | +0.8% |
| 15 | Alpine Global Management#15 · 58,859 sh | 58,859 | $349.6K | 0.06% | -27.6% |
| 16 | PRIVATE MANAGEMENT GROUP#16 · 10,545 sh | 10,545 | $333.4K | <0.01% | 0.0% |
| 17 | COMMONWEALTH EQUITY SERVICES#17 · 56,071 sh | 56,071 | $333.1K | <0.01% | -9.8% |
| 18 | MORGAN STANLEY#18 · 46,500 sh | 46,500 | $276.2K | 0.00% | -9.8% |
| 19 | Noble Wealth Management PBC#19 · 42,882 sh | 42,882 | $254.7K | — | -38.2% |
| 20 | Bulldog Investors, LLP#20 · 40,334 sh | 40,334 | $239.6K | 0.05% | +1.4% |
| 21 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#21 · 37,029 sh | 37,029 | $220.0K | 0.00% | New |
| 22 | Cutler Capital Management#22 · 35,921 sh | 35,921 | $213.4K | 0.06% | New |
| 23 | HRT FINANCIAL#23 · 35,262 sh | 35,262 | $209.0K | <0.01% | New |
| 24 | OSAIC#24 · 35,011 sh | 35,011 | $207.9K | <0.01% | +50.0% |
| 25 | GAMCO INVESTORS, ET AL#25 · 32,096 sh | 32,096 | $190.7K | <0.01% | 0.0% |
| 26 | XTX Topco Ltd#26 · 24,851 sh | 24,851 | $147.6K | <0.01% | +24.5% |
| 27 | LPL Financial#27 · 24,599 sh | 24,599 | $146.1K | 0.00% | New |
| 28 | WELLS FARGO & COMPANY#28 · 17,605 sh | 17,605 | $104.6K | 0.00% | +1.0% |
| 29 | Capital Investment Counsel#29 · 14,961 sh | 14,961 | $88.9K | — | 0.0% |
| 30 | Belpointe Asset Management#30 · 14,458 sh | 14,458 | $85.9K | <0.01% | 0.0% |
| 31 | Fortis Capital Advisors#31 · 14,458 sh | 14,458 | $85.9K | <0.01% | 0.0% |
| 32 | MCCARTER PRIVATE WEALTH SERVICES#32 · 14,458 sh | 14,458 | $85.9K | — | 0.0% |
| 33 | UBS Group AG#33 · 11,595 sh | 11,595 | $68.9K | 0.00% | -75.5% |
| 34 | RIVERNORTH CAPITAL MANAGEMENT#34 · 10,189 sh | 10,189 | $60.5K | <0.01% | -96.9% |
| 35 | TrueMark Investments#35 · 10,189 sh | 10,189 | $60.5K | <0.01% | -5.2% |
| 36 | Integris Wealth Management#36 · 10,053 sh | 10,053 | $59.7K | — | 0.0% |
| 37 | WINMILL#37 · 2,250 sh | 2,250 | $13.4K | <0.01% | 0.0% |
| 38 | JPMORGAN CHASE#38 · 1,723 sh | 1,723 | $10.2K | 0.00% | 0.0% |
| 39 | North Star Investment Management#39 · 951 sh | 951 | $5.6K | <0.01% | 0.0% |
| 40 | Allied Private Wealth#40 · 619 sh | 619 | $3.7K | <0.01% | — |
| 41 | SECURITY NATIONAL BANK OF SO DAK#41 · 209 sh | 209 | $1.2K | <0.01% | New |
| 42 | PNC FINANCIAL SERVICES GROUP#42 · 16 sh | 16 | $95.00 | 0.00% | 0.0% |
Funds that sold out of SWZ in Q2 2026 (7)
Held SWZ at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| Allspring Global Investments650,702 sh | 650,702 | $3.9M |
| North Ground Capital47,591 sh | 47,591 | $282.2K |
| NIXON PEABODY42,024 sh | 42,024 | $249.2K |
| Kestra Advisory Services18,819 sh | 18,819 | $111.6K |
| RAYMOND JAMES FINANCIAL16,590 sh | 16,590 | $98.4K |
| Ancora Advisors1,068 sh | 1,068 | $6.3K |
| ROYAL BANK OF CANADA249 sh | 249 | $1.0K |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.