Vault-13

VIRTUS TOTAL RETURN FD INC ZTR

COM · Closed-End Fund · CUSIP 92835W107

83 institutional holders -5 vs Q4 2023
30,711,90030.7m shares reported held*
$171.0mreported value*
10 new 26 added 22 reduced 16 sold out net bought ≈ $25.6m (+4.6m 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 ≈ $5.57.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 72Q4 22: 73Q1 23: 78Q2 23: 74Q3 23: 85Q4 23: 88Q1 24: 8383Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202272
Q4 202273
Q1 202378
Q2 202374
Q3 202385
Q4 202388
Q1 202483

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q4 22: 36 bought or addedQ4 22: 31 cut or sold outQ4 22Q1 23: 41 bought or addedQ1 23: 25 cut or sold outQ1 23Q2 23: 32 bought or addedQ2 23: 25 cut or sold outQ2 23Q3 23: 49 bought or addedQ3 23: 22 cut or sold outQ3 23Q4 23: 44 bought or addedQ4 23: 32 cut or sold outQ4 23Q1 24: 36 bought or addedQ1 24: 38 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223631
Q1 20234125
Q2 20233225
Q3 20234922
Q4 20234432
Q1 20243638

Biggest buyers

MORGAN STANLEY Added +4,926,837+4.9m
ABSOLUTE INVESTMENT ADVISERS, LLC New +839,292+839.3k
Alpine Global Management, LLC Added +409,556+409.6k
RIVERNORTH CAPITAL MANAGEMENT, LLC New +267,929+267.9k
CSS LLC/IL New +170,692+170.7k
AQR Arbitrage LLC Added +123,088+123.1k
STIFEL FINANCIAL CORP Added +80,185+80.2k
Sea Otter Advisors LLC Added +77,374+77.4k
MANGROVE PARTNERS IM, LLC Added +70,112+70.1k
LPL Financial LLC Added +63,418+63.4k

Biggest sellers

CLOUGH CAPITAL PARTNERS L P Sold out -786,430-786.4k
Saba Capital Management, L.P. Reduced -653,184-653.2k
SIT INVESTMENT ASSOCIATES INC Reduced -523,956-524.0k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Reduced -122,163-122.2k
MILLENNIUM MANAGEMENT LLC Reduced -90,393-90.4k
Weiss Asset Management LP Sold out -86,464-86.5k
WOLVERINE ASSET MANAGEMENT LLC Reduced -80,926-80.9k
GUGGENHEIM CAPITAL LLC Reduced -61,098-61.1k
CENTAURUS FINANCIAL, INC. Reduced -60,794-60.8k
Cetera Advisor Networks LLC Sold out -55,480-55.5k

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.

HolderStakeChangeShares Last filed
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% new 2.5m≈ $17.2m 2026-09-30

Insider purchases and sales in Q1 2024

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
10010Q2 22: 0 buyingQ2 22: 0 sellingQ3 22: 6 buyingQ3 22: 0 sellingQ3 22Q4 22: 0 buyingQ4 22: 0 sellingQ1 23: 0 buyingQ1 23: 0 sellingQ1 23Q2 23: 0 buyingQ2 23: 0 sellingQ3 23: 1 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20220—0——
Q3 20226$54.2k0——
Q4 20220—0——
Q1 20230—0——
Q2 20230—0——
Q3 20231$11.8k0——
Q4 20230—0——
Q1 20240—0——

None reported in Q1 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 10,516,13710.5m $58.6m $58.6m 0.00% Added +4.9m +4,926,837
2 SIT INVESTMENT ASSOCIATES INC 0.48% of their portfolio Minneapolis, MN 3,756,9813.8m $20.9m $20.9m 0.48% Reduced -524.0k -523,956
3 Karpus Management, Inc. 0.39% of their portfolio Pittsford, NY 2,404,2202.4m $13.4m $13.4m 0.39% Added +50.5k +50,513
4 MANGROVE PARTNERS IM, LLC 0.79% of their portfolio Greenwich, CT 1,942,5001.9m $10.8m $10.8m 0.79% Added +70.1k +70,112
5 Yakira Capital Management, Inc. 3.45% of their portfolio Westport, CT 1,781,7301.8m $9.9m $9.9m 3.45% Reduced -15.0k -15,000
6 Alpine Global Management, LLC 0.73% of their portfolio NEW YORK, NY 1,200,0001.2m $6.7m $6.7m 0.73% Added +409.6k +409,556
7 Bulldog Investors, LLP 1.69% of their portfolio SADDLE BROOK, NJ 920,637920.6k $5.1m $5.1m 1.69% Reduced -37.3k -37,323
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 853,151853.2k $4.8m $4.8m 0.00% Added +63.4k +63,418
9 ABSOLUTE INVESTMENT ADVISERS, LLC 0.64% of their portfolio ROSEMARY BEACH, FL 839,292839.3k $4.7m $4.7m 0.64% New
10 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 781,744781.7k $4.4m $4.4m 0.00% Added +80.2k +80,185
11 AQR Arbitrage LLC 0.12% of their portfolio Greenwich, CT 627,640627.6k $3.5m $3.5m 0.12% Added +123.1k +123,088
12 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 594,644594.6k $3.3m $3.3m 0.02% Reduced -61.1k -61,098
13 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.21% of their portfolio Englewood, NJ 421,398421.4k $2.3m $2.3m 0.21% Reduced -122.2k -122,163
14 Saba Capital Management, L.P. 0.04% of their portfolio NEW YORK, NY 306,966307.0k $1.7m $1.7m 0.04% Reduced -653.2k -653,184
15 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 306,593306.6k $1.7m $1.7m 0.01% Added +48.6k +48,613
16 Quarry LP 0.67% of their portfolio NEW YORK, NY 294,254294.3k $1.6m $1.6m 0.67% Added +1.8k +1,829
17 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.07% of their portfolio WEST PALM BEACH, FL 267,929267.9k $1.5m $1.5m 0.07% New
18 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 254,746254.7k $1.4m $1.4m 0.00% Reduced -1.5k -1,545
19 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 248,793248.8k $1.4m $1.4m 0.00% Added +55.8k +55,791
20 PARK AVENUE SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 240,673240.7k $1.3m $1.3m 0.02% Reduced -2.3k -2,260
21 Flow State Investments, L.P. 0.32% of their portfolio CHICAGO, IL 195,962196.0k $1.1m $1.1m 0.32% Reduced -36.7k -36,722
22 CSS LLC/IL 0.08% of their portfolio CHICAGO, IL 170,692170.7k $950.8k $950.8k 0.08% New
23 Relative Value Partners Group, LLC 0.05% of their portfolio NORTHBROOK, IL 161,500161.5k $859.2k $859.2k 0.05% Unchanged
24 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 141,377141.4k $787.5k $787.5k 0.00% Added +36.8k +36,827
25 CENTAURUS FINANCIAL, INC. 0.05% of their portfolio ANAHEIM, CA 131,910131.9k $735.0k $735.0k 0.05% Reduced -60.8k -60,794
26 Sea Otter Advisors LLC 3.66% of their portfolio Miami, FL 126,800126.8k $706.3k $706.3k 3.66% Added +77.4k +77,374
27 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 117,705117.7k $655.6k $655.6k 0.00% Unchanged
28 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 74,66174.7k $415.9k $415.9k 0.00% Reduced -20.1k -20,076
29 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 73,19873.2k $407.7k $407.7k 0.01% Added +35.4k +35,393
30 Shaker Financial Services, LLC 0.15% of their portfolio Arlington, VA 70,72570.7k $393.9k $393.9k 0.15% Unchanged
31 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 60,49660.5k $337.0k $337.0k 0.01% Added +8.3k +8,325
32 SeaCrest Wealth Management, LLC 0.04% of their portfolio PURCHASE, NY 59,75559.8k $332.8k $332.8k 0.04% Added +4.6k +4,640
33 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 59,42059.4k $331.0k $331.0k 0.00% Reduced -113 -113
34 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 48,26448.3k $269.0k $269.0k 0.00% Reduced -1.7k -1,718
35 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 48,10948.1k $268.0k $268.0k 0.00% Added +16.5k +16,476
36 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 45,63845.6k $254.2k $254.2k 0.00% Reduced -90.4k -90,393
37 Dakota Wealth Management 0.01% of their portfolio PALM BEACH GARDENS, FL 42,97543.0k $239.4k $239.4k 0.01% Added +3.8k +3,780
38 Eudaimonia Partners, LLC 0.06% of their portfolio Winchester, TN 42,00042.0k $233.9k $233.9k 0.06% Added +7.0k +7,000
39 INTEGRATED CAPITAL MANAGEMENT, INC. 0.18% of their portfolio JESSUP, PA 38,67938.7k $215.4k $215.4k 0.18% Added +2.1k +2,074
40 Stratos Wealth Advisors, LLC 0.01% of their portfolio BEACHWOOD, OH 36,97637.0k $206.0k $206.0k 0.01% Reduced -2.2k -2,240
41 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 35,51635.5k $197.8k $197.8k 0.01% New
42 B. Riley Wealth Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 31,36031.4k $150.5k $150.5k 0.00% Reduced -3.0k -3,011
43 Gridiron Partners, LLC 0.10% of their portfolio Wexford, PA 28,30028.3k $157.6k $157.6k 0.10% Unchanged
44 Ameritas Advisory Services, LLC 0.01% of their portfolio Lincoln, NE 27,97628.0k $150.5k $150.5k 0.01% New
45 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 26,97927.0k $150.3k $150.3k 0.00% New
46 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 24,89224.9k $138.6k $138.6k 0.00% Added +16.4k +16,438
47 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 20,39020.4k $114.0k $114.0k 0.00% Added +1.2k +1,236
48 Shulman DeMeo Asset Management LLC 0.03% of their portfolio LAKE SUCCESS, NY 19,94219.9k $111.1k $111.1k 0.03% Reduced -98 -98
49 UBS Group AG 0.00% of their portfolio ZURICH, V8 19,61319.6k $109.2k $109.2k 0.00% Reduced -10.3k -10,329
50 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 17,75117.8k $98.9k $98.9k 0.00% Reduced -80.9k -80,926
51 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.02% of their portfolio BLUE BELL, PA 16,06316.1k $89.5k $89.5k 0.02% Added +4.9k +4,883
52 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 15,30315.3k $85.2k $85.2k 0.00% Added +830 +830
53 Mariner, LLC 0.00% of their portfolio Overland Park, KS 15,01815.0k $83.6k $83.6k 0.00% New
54 DOLIVER ADVISORS, LP 0.02% of their portfolio HOUSTON, TX 12,25712.3k $68.3k $68.3k 0.02% Reduced -67 -67
55 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 12,21612.2k $68.0k $68.0k 0.00% Added +1.3k +1,333
56 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 12,17712.2k $68.0k $68.0k 0.00% Added +382 +382
57 Mascoma Wealth Management LLC 0.02% of their portfolio HANOVER, NH 11,90011.9k $66.3k $66.3k 0.02% Unchanged
58 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 10,70110.7k $60.0k $60.0k 0.00% Reduced -21.8k -21,774
59 NWF Advisory Services Inc. 0.01% of their portfolio Los Angeles, CA 10,43910.4k $58.1k $58.1k 0.01% Unchanged
60 Sheaff Brock Investment Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 10,00010.0k $55.7k $55.7k 0.00% Unchanged
61 LANARK FINANCIAL, INC. 0.01% of their portfolio BIRMINGHAM, AL 9,7559.8k $54.0k $54.0k 0.01% Added +49 +49
62 NORTHWEST INVESTMENT COUNSELORS, LLC 0.00% of their portfolio Lake Oswego, OR 3,5653.6k $19.9k $19.9k 0.00% New
63 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 2,8332.8k $15.8k $15.8k 0.00% Unchanged
64 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 2,1902.2k $12.2k $12.2k 0.00% Unchanged
65 Hexagon Capital Partners LLC 0.00% of their portfolio ROGERS, AR 1,5561.6k $8.7k $8.7k 0.00% Reduced -1.5k -1,491
66 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 1,1451.1k $6.4k $6.4k 0.00% Unchanged
67 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 945945 $5.3k $5.3k 0.00% Unchanged
68 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 892892 $5.0k $5.0k 0.00% Unchanged
69 Thomas J. Herzfeld Advisors, Inc. 0.00% of their portfolio MIAMI BEACH, FL 838838 $4.7k $4.7k 0.00% Unchanged
70 Hilltop National Bank 0.00% of their portfolio CASPER, WY 640640 $3.6k $3.6k 0.00% First filing
71 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 450450 $2.5k $2.5k 0.00% Unchanged
72 Glen Eagle Advisors, LLC 0.00% of their portfolio KINGSTON, NJ 406406 $2.3k $2.3k 0.00% Unchanged
73 Balefire, LLC 0.00% of their portfolio DALLAS, TX 386386 $2.1k $2.1k 0.00% Unchanged
74 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 202202 $1.1k $1.1k 0.00% Unchanged
75 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 145145 $808 $808 0.00% Unchanged
76 Key Financial Inc 0.00% of their portfolio WEST CHESTER, PA 141141 $785 $785 0.00% Unchanged
77 JNBA Financial Advisors 0.00% of their portfolio BLOOMINGTON, MN 120120 $669 $669 0.00% Unchanged
78 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 117117 $652 $652 0.00% Unchanged
79 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 9999 $551 $551 0.00% New
80 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1111 $61 $61 0.00% Unchanged
81 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 22 $11 $11 0.00% New
82 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 11 $6 $6 0.00% Unchanged
83 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged