VIRTUS TOTAL RETURN FD INC ZTR
COM · Closed-End Fund · CUSIP 92835W107
74
institutional holders
-4 vs Q1 2023
19.3m
shares reported held*
$117.5mreported value*
6 new
26 added
15 reduced
10 sold out
net sold ≈ $5.1m (-832.7k 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 ≈ $6.08.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 72 |
| Q4 2022 | 73 |
| Q1 2023 | 78 |
| Q2 2023 | 74 |
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 |
| Q2 2023 | 32 | 25 |
Biggest buyers
| MORGAN STANLEY | Added | +126.3k |
| Private Advisor Group, LLC | Added | +113.5k |
| Quarry LP | Added | +82.2k |
| AQR Arbitrage LLC | Added | +67.7k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Added | +66.5k |
| Alpine Global Management, LLC | New | +52.3k |
| Bulldog Investors, LLP | Added | +49.6k |
| CLOUGH CAPITAL PARTNERS L P | Added | +37.6k |
| LPL Financial LLC | Added | +36.2k |
| Baird Financial Group, Inc. | Added | +33.9k |
Biggest sellers
| SIT INVESTMENT ASSOCIATES INC | Reduced | -789.4k |
| CENTAURUS FINANCIAL, INC. | Reduced | -208.3k |
| NOMURA HOLDINGS INC | Reduced | -188.0k |
| Yakira Capital Management, Inc. | Reduced | -134.6k |
| DOLIVER ADVISORS, LP | Reduced | -65.6k |
| BANK OF AMERICA CORP /DE/ | Reduced | -56.3k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Reduced | -38.4k |
| Raymond James Financial Services Advisors, Inc. | Sold out | -24.5k |
| Walleye Capital LLC | Sold out | -19.6k |
| CALTON & ASSOCIATES, INC. | Sold out | -18.8k |
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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| RIVERNORTH CAPITAL MANAGEMENT, LLC 1.35% of their portfolio | 4.5m $27.1m | Added +66.5k |
| SIT INVESTMENT ASSOCIATES INC 0.70% of their portfolio | 4.4m $26.9m | Reduced -789.4k |
| MORGAN STANLEY 0.00% of their portfolio | 2.5m $15.2m | Added +126.3k |
| Yakira Capital Management, Inc. 3.12% of their portfolio | 1.9m $11.7m | Reduced -134.6k |
| CLOUGH CAPITAL PARTNERS L P 0.76% of their portfolio | 1.2m $7.6m | Added +37.6k |
| CENTAURUS FINANCIAL, INC. 0.37% of their portfolio | 690.6k $4.2m | Reduced -208.3k |
| LPL Financial LLC 0.00% of their portfolio | 674.2k $4.1m | Added +36.2k |
| GUGGENHEIM CAPITAL LLC 0.03% of their portfolio | 560.8k $3.4m | Added +11.5k |
| CSS LLC/IL 0.22% of their portfolio | 464.8k $2.8m | Unchanged |
| Bulldog Investors, LLP 0.91% of their portfolio | 452.9k $2.8m | Added +49.6k |
| Private Advisor Group, LLC 0.01% of their portfolio | 226.5k $1.4m | Added +113.5k |
| Quarry LP 0.79% of their portfolio | 200.7k $1.2m | Added +82.2k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 134.0k $814.5k | Added +33.9k |
| Woodline Partners LP 0.01% of their portfolio | 96.1k $584.4k | Unchanged |
| AQR Arbitrage LLC 0.02% of their portfolio | 92.2k $560.8k | Added +67.7k |
| Cetera Investment Advisers 0.00% of their portfolio | 92.0k $559.6k | Added +5.3k |
| Sigma Planning Corp 0.02% of their portfolio | 91.3k $555.1k | Added +580 |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 90.9k $552.4k | Added +1.0k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.06% of their portfolio | 77.5k $470.9k | Reduced -38.4k |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 74.7k $453.9k | Reduced -188.0k |
| Cetera Advisor Networks LLC 0.00% of their portfolio | 60.7k $368.9k | Added +3.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 58.2k $354.0k | Reduced -4.7k |
| Alpine Global Management, LLC 0.05% of their portfolio | 52.3k $317.8k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 40.9k $249.0k | Added +11.9k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 39.9k $242.6k | Reduced -5.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 34.8k $211.3k | Reduced -56.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 33.8k $205.6k | Reduced -12.3k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 32.7k $199.0k | Reduced -2.9k |
| Ameritas Advisory Services, LLC 0.02% of their portfolio | 31.5k $192.2k | Added +900 |
| Sheaff Brock Investment Advisors, LLC 0.02% of their portfolio | 28.3k $172.2k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 28.2k $171.4k | Added +4 |
| B. Riley Wealth Advisors, Inc. 0.00% of their portfolio | 25.7k $156.1k | New |
| Eudaimonia Partners, LLC 0.03% of their portfolio | 23.0k $139.8k | Added +3.0k |
| Shulman DeMeo Asset Management LLC 0.04% of their portfolio | 20.2k $122.6k | Reduced -206 |
| HB Wealth Management, LLC 0.00% of their portfolio | 20.0k $121.6k | Added +10.0k |
| Mariner, LLC 0.00% of their portfolio | 18.5k $112.5k | Reduced -4.4k |
| HOLLENCREST CAPITAL MANAGEMENT 0.01% of their portfolio | 17.1k $103.8k | Added +647 |
| Shaker Financial Services, LLC 0.05% of their portfolio | 17.1k $103.7k | Added +5.1k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 15.7k $96.0k | Reduced -2.3k |
| CoreCap Advisors, LLC 0.01% of their portfolio | 14.5k $88.0k | First filing |
| Kovack Advisors, Inc. 0.01% of their portfolio | 13.7k $83.0k | Reduced -1.7k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 13.3k $80.9k | Added +10.3k |
| Choate Investment Advisors 0.00% of their portfolio | 12.3k $75.0k | Unchanged |
| DOLIVER ADVISORS, LP 0.02% of their portfolio | 12.3k $74.5k | Reduced -65.6k |
| Mascoma Wealth Management LLC 0.02% of their portfolio | 11.9k $72.1k | Unchanged |
| NWF Advisory Services Inc. 0.02% of their portfolio | 11.0k $66.6k | Unchanged |
| WEDBUSH SECURITIES INC 0.00% of their portfolio | 10.9k $66.0k | New |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 10.8k $66.0k | Unchanged |
| Advisory Services Network, LLC 0.00% of their portfolio | 10.2k $62.1k | Unchanged |
| Karpus Management, Inc. 0.00% of their portfolio | 10.0k $60.8k | Unchanged |
| Elequin Capital, LP 0.03% of their portfolio | 8.6k $52.3k | Added +1.4k |
| Parkside Financial Bank & Trust 0.01% of their portfolio | 6.1k $37.3k | Added +233 |
| CWM, LLC 0.00% of their portfolio | 5.0k $30.0k | Unchanged |
| Hexagon Capital Partners LLC 0.00% of their portfolio | 3.0k $17.9k | Added +54 |
| Global Retirement Partners, LLC 0.00% of their portfolio | 2.9k $17.4k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 2.3k $13.9k | Unchanged |
| UMB Bank, n.a. 0.00% of their portfolio | 2.2k $13.3k | Unchanged |
| Thomas J. Herzfeld Advisors, Inc. 0.01% of their portfolio | 2.1k $12.6k | Added +78 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 2.0k $12.2k | New |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 1.1k $7.0k | New |
| Sound Income Strategies, LLC 0.00% of their portfolio | 945 $5.7k | Unchanged |
| CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio | 892 $5.4k | Unchanged |
| EVERMAY WEALTH MANAGEMENT LLC 0.00% of their portfolio | 547 $3.3k | Unchanged |
| Focused Wealth Management, Inc 0.00% of their portfolio | 513 $3.1k | Unchanged |
| Spire Wealth Management 0.00% of their portfolio | 450 $2.7k | Unchanged |
| Glen Eagle Advisors, LLC 0.00% of their portfolio | 406 $2.5k | Unchanged |
| Balefire, LLC 0.00% of their portfolio | 386 $2.3k | New |
| Key Financial Inc 0.00% of their portfolio | 141 $857 | Unchanged |
| JNBA Financial Advisors 0.00% of their portfolio | 120 $730 | Unchanged |
| Ancora Advisors LLC 0.00% of their portfolio | 117 $711 | Unchanged |
| WealthPLAN Partners, LLC 0.00% of their portfolio | 29 $176 | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 2 $12 | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 1 $6 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |