Total Return Securities Fund - Mutual Fund SH CL B (SWZ) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Mutual Fund SH CL B
Symbol
SWZ on NYSE
Shares outstanding
17,018,480
Price per share
$6.22
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
6,488,978
Total reported value
$39,454,082
% of total 13F portfolios
0%
Share change
+473,258
Value change
+$2,690,445
Number of holders
41
Price from insider filings
$6.22
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Total Return Securities Fund - Mutual Fund SH CL B (SWZ) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Allspring Global Investments Holdings, LLC 12% -24% $13,231,868 2,127,310 0% Allspring Global Investments Holdings, LLC 31 Dec 2025
CSS LLC/IL 9.9% +11% $10,189,305 +$2,809,899 1,686,971 +38% CSS LLC/IL 30 Dec 2025
LAZARD ASSET MANAGEMENT LLC 5.1% -56% $4,037,487 -$5,225,029 666,252 -56% Lazard Asset Management LLC 30 Jun 2025
RIVERNORTH CAPITAL MANAGEMENT, LLC 2.9% -45% $2,302,113 -$1,771,159 378,637 -43% RIVERNORTH CAPITAL MANAGEMENT, LLC 30 Sep 2025

As of 30 Sep 2025, 41 institutional investors reported holding 6,488,978 shares of Total Return Securities Fund - Mutual Fund SH CL B (SWZ). This represents 38% of the company’s total 17,018,480 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Total Return Securities Fund - Mutual Fund SH CL B (SWZ) together control 38% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Allspring Global Investments Holdings, LLC 12% 2,127,310 +10% 0.02% $12,934,045
Matisse Capital 3.6% 607,000 1.7% $3,690,560
CSS LLC/IL 3.2% 544,683 +3.8% 0.2% $3,311,672
GARDNER RUSSO & QUINN LLC 2.6% 434,237 0% 0.03% $2,640,159
RIVERNORTH CAPITAL MANAGEMENT, LLC 2.2% 378,637 -43% 0.13% $2,302,113
Saba Capital Management, L.P. 1.8% 302,612 +23% 0.06% $1,839,881
Shaker Financial Services, LLC 1.8% 298,862 +113% 0.62% $1,817,082
Karpus Management, Inc. 1.2% 206,753 -13% 0.04% $1,257,058
North Ground Capital 1.1% 193,523 +29% 0.72% $1,176,620
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 1.1% 192,703 +84% 0.18% $1,171,634
Yakira Capital Management, Inc. 1.1% 192,016 +38% 0.43% $1,167,457
Uncommon Cents Investing LLC 0.73% 123,955 +0.02% 0.19% $753,648
COMMONWEALTH EQUITY SERVICES, LLC 0.72% 122,794 -20% 0% $747,000
UHLMANN PRICE SECURITIES, LLC 0.66% 111,654 +6.7% 0.42% $678,863
Bulldog Investors, LLP 0.63% 106,902 0% 0.15% $649,964
Alpine Global Management, LLC 0.51% 87,500 0.14% $532,000
BOOTHBAY FUND MANAGEMENT, LLC 0.51% 87,500 0.01% $532,000
Quarry LP 0.44% 75,080 0.11% $456,486
Noble Wealth Management PBC 0.32% 54,212 0.18% $329,609
MORGAN STANLEY 0.31% 53,150 -5.8% 0% $323,152
DELTA CAPITAL MANAGEMENT LLC 0.2% 33,363 0% 0.11% $203,000
SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.11% 19,315 +90% 0% $117,435
Kestra Advisory Services, LLC 0.11% 18,819 0% 0% $114,419
GAMCO INVESTORS, INC. ET AL 0.09% 16,048 0% 0% $97,572
MCCARTER PRIVATE WEALTH SERVICES LLC 0.08% 14,459 0% 0.05% $87,909

Institutional Holders of Total Return Securities Fund - Mutual Fund SH CL B (SWZ) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 2,380,466 $14,806,503 -$490,082 $6.22 5
2025 Q3 6,488,978 $39,454,082 +$2,690,445 $6.08 41
2025 Q2 6,015,720 $38,136,939 -$348,586 $6.34 38
2025 Q1 5,960,762 $54,944,027 +$1,294,604 $9.22 37
2024 Q4 5,788,861 $43,487,951 -$37,145 $7.49 37
2024 Q3 5,806,645 $51,864,035 +$1,551,129 $8.95 37
2024 Q2 5,649,020 $45,543,463 +$1,906,217 $8.07 42
2024 Q1 5,323,292 $42,214,193 +$53,266 $7.93 36
2023 Q4 5,247,600 $43,024,940 +$1,114,663 $8.20 31
2023 Q3 5,217,983 $39,864,815 +$2,743,400 $7.64 32
2023 Q2 4,859,172 $39,957,314 -$455,338 $8.22 32
2023 Q1 4,915,747 $38,977,637 +$907,362 $7.93 30
2022 Q4 4,802,040 $36,298,460 +$1,288,363 $7.56 33
2022 Q3 4,565,810 $30,989,000 -$1,200,823 $6.79 30
2022 Q2 4,728,156 $37,168,000 -$1,200,887 $7.86 30
2022 Q1 4,869,622 $44,870,000 -$1,431,821 $9.22 31
2021 Q4 5,018,091 $49,875,000 -$12,008,572 $9.94 33
2021 Q3 5,081,631 $46,636,000 -$392,518 $9.18 36
2021 Q2 5,123,349 $49,840,000 +$1,178,413 $9.73 38
2021 Q1 5,003,250 $43,993,000 -$331,163 $8.79 34
2020 Q4 5,034,705 $45,032,000 +$2,558,450 $8.94 35
2020 Q3 4,749,525 $39,306,000 +$3,339,990 $8.28 37
2020 Q2 4,438,534 $34,786,000 -$939,486 $7.84 35
2020 Q1 4,549,257 $31,613,134 -$807,734 $6.95 39
2019 Q4 4,648,882 $39,120,582 +$4,385,988 $8.41 39
2019 Q3 3,984,614 $31,995,465 +$3,174,085 $8.03 34
2019 Q2 3,593,970 $28,401,633 +$2,504,167 $7.90 32
2019 Q1 3,339,169 $25,421,339 +$2,707,100 $7.62 32
2018 Q4 2,994,321 $20,658,118 -$84,079,376 $6.90 32
2018 Q3 14,997,869 $127,631,048 -$3,291,256 $8.51 44
2018 Q2 15,148,645 $187,137,594 +$1,784,386 $12.35 40
2018 Q1 15,004,341 $183,804,573 +$2,371,325 $12.25 43
2017 Q4 14,806,818 $188,950,000 +$2,946,866 $12.76 41
2017 Q3 14,509,461 $185,144,000 +$4,582,096 $12.77 43
2017 Q2 14,166,724 $179,918,000 -$24,649,211 $12.70 49
2017 Q1 16,116,665 $186,893,000 +$1,734,269 $11.60 55
2016 Q4 16,013,622 $163,497,746 -$1,044,032 $10.21 59
2016 Q3 16,089,212 $171,994,890 +$496,389 $10.69 55
2016 Q2 16,047,046 $166,078,530 +$2,996,433 $10.35 58
2016 Q1 15,758,930 $160,397,000 +$1,769,478 $10.18 59
2015 Q4 15,599,717 $164,733,000 +$5,178,202 $10.56 54
2015 Q3 15,088,088 $163,853,000 +$2,971,461 $10.86 49
2015 Q2 14,808,319 $173,209,000 +$7,320,811 $11.70 50
2015 Q1 14,371,929 $165,845,538 +$867,366 $11.54 49
2014 Q4 14,166,017 $157,808,045 +$5,555,424 $11.14 53
2014 Q3 13,816,838 $186,935,697 +$7,139,002 $13.53 53
2014 Q2 13,209,841 $192,468,084 -$6,352,511 $14.57 56
2014 Q1 13,220,699 $190,114,752 -$49,663,053 $14.38 52