Virtus Total Return Fund Inc. (ZTR) — Institutional Holders, Q2 2026
92 institutional investment managers reported a ZTR position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $74.1M. 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.
ZTR 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
- Saba Capital Management, L.P.Added · +801,756 sh+$5.5M
- LPL FinancialAdded · +220,593 sh+$1.5M
- Cambridge Investment Research AdvisorsAdded · +121,633 sh+$830.8K
- J.W. COLE ADVISORSNew · +99,825 sh+$681.8K
- PathstoneNew · +77,413 sh+$528.7K
Biggest sellers
- Karpus ManagementTrimmed · -292,558 sh-$2.0M
- ABSOLUTE INVESTMENT ADVISERSSold out · -279,486 sh-$1.9M
- Private Advisor GroupTrimmed · -264,536 sh-$1.8M
- QuarrySold out · -180,332 sh-$1.2M
- WOLVERINE ASSET MANAGEMENTTrimmed · -127,442 sh-$870.4K
ZTR 13F holders ranked 1–92 of 92
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | Saba Capital Management, L.P.#1 · 1,936,491 sh | 1,936,491 | $13.2M | 0.34% | +70.7% |
| 2 | LPL Financial#2 · 1,623,057 sh | 1,623,057 | $11.1M | <0.01% | +15.7% |
| 3 | GUGGENHEIM CAPITAL#3 · 1,279,341 sh | 1,279,341 | $8.7M | 0.06% | +1.0% |
| 4 | Penserra Capital Management#4 · 888,554 sh | 888,554 | $6.1M | 0.05% | +4.0% |
| 5 | STIFEL FINANCIAL#5 · 692,536 sh | 692,536 | $4.7M | <0.01% | +0.7% |
| 6 | CAPSTONE INVESTMENT ADVISORS#6 · 370,223 sh | 370,223 | $2.5M | <0.01% | 0.0% |
| 7 | MORGAN STANLEY#7 · 276,486 sh | 276,486 | $1.9M | <0.01% | -4.6% |
| 8 | BANK OF AMERICA#8 · 257,076 sh | 257,076 | $1.8M | <0.01% | +4.3% |
| 9 | ENVESTNET ASSET MANAGEMENT#9 · 249,729 sh | 249,729 | $1.7M | <0.01% | -1.2% |
| 10 | ASHTON THOMAS SECURITIES#10 · 236,800 sh | 236,800 | $1.6M | — | +4.4% |
| 11 | PARK AVENUE SECURITIES#11 · 222,136 sh | 222,136 | $1.5M | — | 0.0% |
| 12 | Sculptor Capital#12 · 217,653 sh | 217,653 | $1.5M | 0.01% | 0.0% |
| 13 | Yakira Capital Management#13 · 204,043 sh | 204,043 | $1.4M | 0.40% | -5.5% |
| 14 | BLUE BELL PRIVATE WEALTH MANAGEMENT#14 · 187,630 sh | 187,630 | $1.3M | 0.16% | +43.6% |
| 15 | Advisors Asset Management#15 · 184,618 sh | 184,618 | $1.3M | 0.02% | -1.6% |
| 16 | Karpus Management#16 · 183,208 sh | 183,208 | $1.3M | 0.04% | -61.5% |
| 17 | Cambridge Investment Research Advisors#17 · 144,848 sh | 144,848 | $989.0K | <0.01% | +523.9% |
| 18 | WELLS FARGO & COMPANY#18 · 141,327 sh | 141,327 | $965.3K | <0.01% | -1.0% |
| 19 | STEPHENS#19 · 115,798 sh | 115,798 | $790.9K | <0.01% | +0.1% |
| 20 | J.W. COLE ADVISORS#20 · 99,825 sh | 99,825 | $681.8K | 0.01% | New |
| 21 | OSAIC#21 · 95,958 sh | 95,958 | $655.4K | <0.01% | +20.2% |
| 22 | Invesco Ltd.#22 · 92,247 sh | 92,247 | $630.0K | 0.00% | -8.7% |
| 23 | RAYMOND JAMES FINANCIAL#23 · 87,982 sh | 87,982 | $600.9K | <0.01% | +1.5% |
| 24 | Private Advisor Group#24 · 87,277 sh | 87,277 | $596.1K | <0.01% | -75.2% |
| 25 | CSS#25 · 79,387 sh | 79,387 | $542.2K | 0.02% | 0.0% |
| 26 | Pathstone#26 · 77,413 sh | 77,413 | $528.7K | <0.01% | New |
| 27 | ROYAL BANK OF CANADA#27 · 59,568 sh | 59,568 | $407.0K | <0.01% | -0.6% |
| 28 | WOLVERINE ASSET MANAGEMENT#28 · 53,617 sh | 53,617 | $366.2K | <0.01% | -70.4% |
| 29 | Cetera Investment Advisers#29 · 45,963 sh | 45,963 | $313.9K | <0.01% | +0.7% |
| 30 | COMMONWEALTH EQUITY SERVICES#30 · 41,278 sh | 41,278 | $281.9K | <0.01% | +0.9% |
| 31 | XTX Topco Ltd#31 · 41,036 sh | 41,036 | $280.3K | <0.01% | -2.7% |
| 32 | INTEGRATED CAPITAL MANAGEMENT#32 · 36,817 sh | 36,817 | $251.5K | — | -20.5% |
| 33 | Kestra Advisory Services#33 · 28,620 sh | 28,620 | $195.5K | <0.01% | -21.5% |
| 34 | CoreCap Advisors#34 · 26,367 sh | 26,367 | $180.1K | — | +11.2% |
| 35 | Ameritas Advisory Services#35 · 25,403 sh | 25,403 | $173.5K | <0.01% | +70.7% |
| 36 | Gladstone Institutional Advisory#36 · 25,271 sh | 25,271 | $172.6K | <0.01% | New |
| 37 | MML INVESTORS SERVICES#37 · 23,772 sh | 23,772 | $162.4K | <0.01% | +14.3% |
| 38 | Beverly Hills Private Wealth#38 · 23,628 sh | 23,628 | $161.4K | 0.03% | -3.2% |
| 39 | Avise Financial Cooperative#39 · 23,456 sh | 23,456 | $160.2K | 0.11% | -3.1% |
| 40 | Creative Planning#40 · 22,665 sh | 22,665 | $154.8K | <0.01% | -1.4% |
| 41 | Concurrent Investment Advisors#41 · 22,341 sh | 22,341 | $152.6K | — | +85.4% |
| 42 | WEDBUSH SECURITIES#42 · 21,929 sh | 21,929 | $150.0K | — | +3.6% |
| 43 | HighTower Advisors#43 · 20,024 sh | 20,024 | $136.8K | <0.01% | -16.3% |
| 44 | AlphaStar Capital Management#44 · 17,402 sh | 17,402 | $118.9K | — | 0.0% |
| 45 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#45 · 17,272 sh | 17,272 | $118.0K | 0.00% | -10.3% |
| 46 | StoneX Group#46 · 16,768 sh | 16,768 | $113.4K | <0.01% | New |
| 47 | Bay Colony Advisory Group, d/b/a Bay Colony Advisors#47 · 16,578 sh | 16,578 | $113.2K | 0.01% | +21.9% |
| 48 | DECISION INVESTMENTS#48 · 16,100 sh | 16,100 | $110.0K | — | 0.0% |
| 49 | HUNTINGTON NATIONAL BANK#49 · 15,000 sh | 15,000 | $102.5K | <0.01% | New |
| 50 | Shulman DeMeo Asset Management#50 · 14,756 sh | 14,756 | $100.8K | — | -8.1% |
| 51 | Advisory Solutions Group#51 · 14,693 sh | 14,693 | $100.4K | — | — |
| 52 | Tactive Advisors#52 · 13,265 sh | 13,265 | $90.6K | — | -1.7% |
| 53 | Gridiron Partners#53 · 12,282 sh | 12,282 | $83.9K | — | 0.0% |
| 54 | DOLIVER ADVISORS#54 · 12,250 sh | 12,250 | $83.7K | — | 0.0% |
| 55 | CAPTRUST FINANCIAL ADVISORS#55 · 11,922 sh | 11,922 | $81.4K | <0.01% | -0.2% |
| 56 | Mascoma Wealth Management#56 · 11,900 sh | 11,900 | $81.3K | — | 0.0% |
| 57 | Dakota Wealth Management#57 · 11,356 sh | 11,356 | $77.6K | <0.01% | -3.8% |
| 58 | B. Riley Wealth Advisors#58 · 10,527 sh | 10,527 | $72.1K | — | +2.3% |
| 59 | AE Wealth Management#59 · 10,479 sh | 10,479 | $71.6K | <0.01% | New |
| 60 | BAYBAN#60 · 10,339 sh | 10,339 | $70.6K | 0.05% | 0.0% |
| 61 | PNC FINANCIAL SERVICES GROUP#61 · 8,028 sh | 8,028 | $54.8K | 0.00% | -49.9% |
| 62 | OLD POINT & FINANCIAL SERVICES N A#62 · 8,000 sh | 8,000 | $54.6K | 0.02% | 0.0% |
| 63 | UBS Group AG#63 · 5,430 sh | 5,430 | $37.1K | 0.00% | -10.1% |
| 64 | IAG Wealth Partners#64 · 3,677 sh | 3,677 | $25.1K | <0.01% | New |
| 65 | United Financial Planning Group#65 · 3,212 sh | 3,212 | $21.9K | 0.01% | New |
| 66 | MCGUIRE CAPITAL ADVISORS#66 · 3,059 sh | 3,059 | $20.9K | 0.01% | +2.3% |
| 67 | NBC SECURITIES#67 · 2,850 sh | 2,850 | $19.5K | — | +0.5% |
| 68 | Markowski Investments#68 · 2,500 sh | 2,500 | $17.1K | <0.01% | — |
| 69 | US BANCORP \DE\#69 · 2,243 sh | 2,243 | $15.3K | 0.00% | 0.0% |
| 70 | Nemes Rush Group#70 · 1,423 sh | 1,423 | $9.7K | <0.01% | +37.0% |
| 71 | DT Investment Partners#71 · 1,259 sh | 1,259 | $8.6K | — | New |
| 72 | Geneos Wealth Management#72 · 1,145 sh | 1,145 | $7.8K | <0.01% | 0.0% |
| 73 | Aventura Private Wealth#73 · 902 sh | 902 | $6.2K | <0.01% | 0.0% |
| 74 | Integrated Wealth Concepts#74 · 734 sh | 734 | $5.0K | 0.00% | New |
| 75 | HARBOUR INVESTMENTS#75 · 670 sh | 670 | $4.6K | <0.01% | +2.4% |
| 76 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT#76 · 519 sh | 519 | $3.5K | 0.00% | 0.0% |
| 77 | Thomas J. Herzfeld Advisors#77 · 468 sh | 468 | $3.2K | <0.01% | +2.4% |
| 78 | HIGHLINE WEALTH PARTNERS#78 · 430 sh | 430 | $2.9K | — | 0.0% |
| 79 | Glen Eagle Advisors#79 · 406 sh | 406 | $2.8K | <0.01% | 0.0% |
| 80 | Hilltop National Bank#80 · 280 sh | 280 | $1.9K | — | 0.0% |
| 81 | Physician Wealth Advisors#81 · 222 sh | 222 | $1.5K | — | 0.0% |
| 82 | SJS Investment Consulting#82 · 154 sh | 154 | $1.1K | — | 0.0% |
| 83 | ROTHSCHILD INVESTMENT#83 · 145 sh | 145 | $990.00 | 0.00% | 0.0% |
| 84 | MTM Investment Management#84 · 124 sh | 124 | $847.00 | <0.01% | 0.0% |
| 85 | MidFirst Bank#85 · 107 sh | 107 | $731.00 | <0.01% | New |
| 86 | INVESTMENT COUNSEL OF NEVADA#86 · 103 sh | 103 | $704.00 | <0.01% | New |
| 87 | FIRST HORIZON NATIONAL#87 · 100 sh | 100 | $683.00 | — | New |
| 88 | Ancora Advisors#88 · 78 sh | 78 | $533.00 | 0.00% | New |
| 89 | Key FInancial#89 · 71 sh | 71 | $482.00 | <0.01% | 0.0% |
| 90 | JNBA Financial Advisors#90 · 38 sh | 38 | $260.00 | 0.00% | 0.0% |
| 91 | FMR#91 · 2 sh | 2 | $14.00 | 0.00% | New |
| 92 | CITIGROUP#92 · 1 sh | 1 | $7.00 | 0.00% | 0.0% |
Funds that sold out of ZTR in Q2 2026 (15)
Held ZTR 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 |
|---|---|---|
| ABSOLUTE INVESTMENT ADVISERS279,486 sh | 279,486 | $1.9M |
| Quarry180,332 sh | 180,332 | $1.2M |
| Stratos Wealth Advisors25,306 sh | 25,306 | $167.5K |
| READYSTATE ASSET MANAGEMENT17,358 sh | 17,358 | $114.9K |
| JANE STREET GROUP17,155 sh | 17,155 | $113.6K |
| TWO SIGMA SECURITIES13,928 sh | 13,928 | $92.2K |
| Janney Montgomery Scott11,099 sh | 11,099 | $73.0K |
| Virtu Financial10,722 sh | 10,722 | $71.0K |
| Sound Income Strategies945 sh | 945 | $6.4K |
| THURSTON, SPRINGER, MILLER, HERD & TITAK518 sh | 518 | $3.4K |
| GILL CAPITAL PARTNERS215 sh | 215 | $1.4K |
| Cedar Mountain Advisors125 sh | 125 | $828.00 |
| CHELSEA COUNSEL65 sh | 65 | $410.00 |
| JPMORGAN CHASE2 sh | 2 | $13.00 |
| MAI Capital Management1 sh | 1 | $7.00 |
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.