VIRTUS TOTAL RETURN FD INC ZTR
COM · Closed-End Fund · CUSIP 92835W107
78
institutional holders
+5 vs Q4 2022
20.2m
shares reported held*
$130.7mreported value*
16 new
25 added
14 reduced
11 sold out
net sold ≈ $2.6m (-397.8k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $6.48.
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 72 |
| Q4 2022 | 73 |
| Q1 2023 | 78 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 36 | 31 |
| Q1 2023 | 41 | 25 |
Biggest buyers
| CLOUGH CAPITAL PARTNERS L P | Added | +288.9k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Added | +285.6k |
| Quarry LP | New | +118.5k |
| Baird Financial Group, Inc. | New | +100.0k |
| RAYMOND JAMES & ASSOCIATES | Added | +39.2k |
| MORGAN STANLEY | Added | +39.1k |
| WELLS FARGO & COMPANY/MN | Added | +37.9k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Added | +22.4k |
| Cetera Investment Advisers | Added | +20.0k |
| Walleye Capital LLC | New | +19.6k |
Biggest sellers
| Yakira Capital Management, Inc. | Reduced | -520.6k |
| SIT INVESTMENT ASSOCIATES INC | Reduced | -282.4k |
| NOMURA HOLDINGS INC | Reduced | -237.3k |
| Bulldog Investors, LLP | Reduced | -112.9k |
| CENTAURUS FINANCIAL, INC. | Reduced | -104.2k |
| WOLVERINE ASSET MANAGEMENT LLC | Sold out | -84.2k |
| CITADEL ADVISORS LLC | Sold out | -52.6k |
| Ameritas Advisory Services, LLC | Reduced | -22.0k |
| Elequin Capital, LP | Reduced | -20.7k |
| AQR Arbitrage LLC | Reduced | -18.2k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Saba Capital Management, L.P.
13D · may seek influence
new · filed 2026-09-30
Stated purposeThe Reporting Persons acquired the Common Shares to which this Schedule 13D relates in the ordinary course of business for investment purposes because they believe that the Common Shares are undervalued and represent an attractive investment opportunity. The Reporting Persons may engage in discussions with management, the Board of Directors (the "Board"), other shareholders of the Issuer and other relevant parties, including representatives of any of the foregoing, concerning the Reporting Persons' investment in the Common Shares and the Issuer, including, without limitation, matters concerning the Issuer's business, operations, board appointments, governance, performance, management, capitalization, trading of the Common Shares at a discount to the Issuer's net asset value and strategic p… Full filing |
5.0% |
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
BuyingSelling
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 2 | $38.1k | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 6 | $54.2k | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC 0.92% of their portfolio | 5.2m $33.8m | Reduced -282.4k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 1.38% of their portfolio | 4.4m $28.4m | Added +285.6k |
| MORGAN STANLEY 0.00% of their portfolio | 2.4m $15.3m | Added +39.1k |
| Yakira Capital Management, Inc. 3.41% of their portfolio | 2.1m $13.4m | Reduced -520.6k |
| CLOUGH CAPITAL PARTNERS L P 0.84% of their portfolio | 1.2m $7.8m | Added +288.9k |
| CENTAURUS FINANCIAL, INC. 0.47% of their portfolio | 898.9k $5.8m | Reduced -104.2k |
| LPL Financial LLC 0.00% of their portfolio | 637.9k $4.1m | Added +15.4k |
| GUGGENHEIM CAPITAL LLC 0.03% of their portfolio | 549.4k $3.6m | Added +11.8k |
| CSS LLC/IL 0.23% of their portfolio | 464.8k $3.0m | Unchanged |
| Bulldog Investors, LLP 0.84% of their portfolio | 403.3k $2.6m | Reduced -112.9k |
| NOMURA HOLDINGS INC 0.02% of their portfolio | 262.7k $1.7m | Reduced -237.3k |
| Quarry LP 0.43% of their portfolio | 118.5k $767.3k | New |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.10% of their portfolio | 115.9k $750.1k | Added +22.4k |
| Private Advisor Group, LLC 0.01% of their portfolio | 113.0k $731.8k | Added +12.5k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 100.0k $647.8k | New |
| Woodline Partners LP 0.01% of their portfolio | 96.1k $622.3k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 91.0k $589.5k | Added +11.4k |
| Sigma Planning Corp 0.02% of their portfolio | 90.7k $587.4k | Added +531 |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 89.8k $581.6k | Added +39.2k |
| Cetera Investment Advisers 0.00% of their portfolio | 86.8k $561.7k | Added +20.0k |
| DOLIVER ADVISORS, LP 0.16% of their portfolio | 77.8k $503.8k | Reduced -339 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 63.0k $408.0k | Added +8.5k |
| Cetera Advisor Networks LLC 0.00% of their portfolio | 57.4k $371.5k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 46.2k $298.9k | Added +37.9k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 45.6k $295.5k | Added +3.9k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 35.6k $230.9k | Reduced -4.7k |
| ASSET MANAGEMENT CORP /IL/ /ADV 0.17% of their portfolio | 33.6k $217.4k | Added +1.2k |
| Ameritas Advisory Services, LLC 0.01% of their portfolio | 30.6k $197.9k | Reduced -22.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 29.0k $188.0k | Added +5.6k |
| Sheaff Brock Investment Advisors, LLC 0.02% of their portfolio | 28.3k $183.3k | Added +40 |
| UBS Group AG 0.00% of their portfolio | 28.2k $182.5k | Reduced -306 |
| AQR Arbitrage LLC 0.00% of their portfolio | 24.5k $158.7k | Reduced -18.2k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 24.5k $158.7k | Added +4.3k |
| Mariner, LLC 0.00% of their portfolio | 22.9k $148.0k | Added +411 |
| Shulman DeMeo Asset Management LLC 0.04% of their portfolio | 20.4k $131.9k | Reduced -14 |
| Eudaimonia Partners, LLC 0.03% of their portfolio | 20.0k $129.5k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 19.6k $127.2k | New |
| CALTON & ASSOCIATES, INC. 0.06% of their portfolio | 18.8k $121.4k | New |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 18.0k $117.0k | Reduced -4.9k |
| HOLLENCREST CAPITAL MANAGEMENT 0.01% of their portfolio | 16.4k $106.4k | Added +592 |
| Kovack Advisors, Inc. 0.01% of their portfolio | 15.3k $99.1k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 13.0k $84.2k | New |
| Choate Investment Advisors 0.00% of their portfolio | 12.3k $79.8k | Unchanged |
| Arete Wealth Advisors, LLC 0.01% of their portfolio | 12.1k $79.0k | Unchanged |
| Shaker Financial Services, LLC 0.03% of their portfolio | 12.0k $77.7k | Unchanged |
| Mascoma Wealth Management LLC 0.02% of their portfolio | 11.9k $77.1k | Unchanged |
| NWF Advisory Services Inc. 0.02% of their portfolio | 11.0k $66.6k | First filing |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 10.8k $70.0k | Unchanged |
| Advisory Services Network, LLC 0.00% of their portfolio | 10.2k $66.1k | Added +12 |
| Karpus Management, Inc. 0.00% of their portfolio | 10.0k $64.8k | New |
| HB Wealth Management, LLC 0.00% of their portfolio | 10.0k $64.8k | New |
| Elequin Capital, LP 0.03% of their portfolio | 7.2k $46.4k | Reduced -20.7k |
| Parkside Financial Bank & Trust 0.01% of their portfolio | 5.9k $38.2k | Added +213 |
| CWM, LLC 0.00% of their portfolio | 5.0k $32.0k | New |
| NewEdge Advisors, LLC 0.00% of their portfolio | 3.0k $19.4k | Unchanged |
| Hexagon Capital Partners LLC 0.01% of their portfolio | 2.9k $18.8k | Added +49 |
| Global Retirement Partners, LLC 0.00% of their portfolio | 2.9k $18.0k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 2.3k $14.8k | Added +250 |
| UMB Bank, n.a. 0.00% of their portfolio | 2.2k $14.2k | Unchanged |
| Thomas J. Herzfeld Advisors, Inc. 0.01% of their portfolio | 2.0k $12.9k | Added +72 |
| Sound Income Strategies, LLC 0.00% of their portfolio | 945 $6.1k | New |
| CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio | 892 $5.8k | Unchanged |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 571 $3.7k | New |
| EVERMAY WEALTH MANAGEMENT LLC 0.00% of their portfolio | 547 $3.5k | Unchanged |
| Focused Wealth Management, Inc 0.00% of their portfolio | 513 $3.3k | Unchanged |
| FMR LLC 0.00% of their portfolio | 462 $3.0k | New |
| Spire Wealth Management 0.00% of their portfolio | 450 $2.9k | New |
| Glen Eagle Advisors, LLC 0.00% of their portfolio | 406 $2.6k | Unchanged |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 184 $1.2k | New |
| Key Financial Inc 0.00% of their portfolio | 141 $913 | Unchanged |
| JNBA Financial Advisors 0.00% of their portfolio | 120 $777 | Unchanged |
| Ancora Advisors LLC 0.00% of their portfolio | 117 $758 | Unchanged |
| WealthPLAN Partners, LLC 0.00% of their portfolio | 29 $188 | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 12 $0 | Reduced -15.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 2 $13 | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 2 $13 | New |
| CITIGROUP INC 0.00% of their portfolio | 1 $6 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |