Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Total Return Securities Fund (SWZ)

42 + Investors. Track Smart Money conviction in SWZ. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
1Q ▲
Buyers last Q
56%

Smart Money Signals — SWZ

Based on 42 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added SWZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (98% of max)

98% of all-time peak
42 hedge funds hold SWZ right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +8% more funds vs a year ago

fund count last 6Q
+3 new funds entered over the past year (+8% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

20 buying16 selling
Last quarter: 20 funds bought or added vs 16 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~8 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 6 → 10 → 4 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 12% medium ■ 24% new
27 out of 42 hedge funds have held SWZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

8 → 6 → 10 → 4 → 8 new funds/Q
New funds entering each quarter: 6 → 10 → 4 → 8. SWZ is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 67% veterans vs 31% newcomers

■ 67% veterans ■ 2% 1-2yr ■ 31% new
Entry-cohort mix of 42 holders: 28 (67%) are 2+ year veterans, 1 entered 1–2 years ago, and 13 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 18% AUM from top-100

18% from top-100 AUM funds
7 of 42 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — SWZ

In 2026 Q2, 20 hedge funds were net buyers of SWZ (8 opened a new position, 12 added to an existing one), while 16 reduced or exited (9 trimmed, 7 sold completely) — a 56% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 42.

Hedge Fund Ownership: SWZ

How many hedge funds hold SWZ — quarterly history vs. share price
Quarterly hedge fund ownership of SWZ vs. share price

Market Analysis: SWZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SWZ

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: SWZ
42 + Investors

Track Smart Money conviction in SWZ. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 42 41 2.44%
13F Shares 5M 5M 8.9%
Total Value $32M $30M 9.1%
New Positions 8 4 +4
Increased Positions 12 9 +3
Closed Positions 7 6 +1
Reduced Positions 9 18 -9
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: SWZ

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Financial Highlights

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Institutional Holders (2026 Q2)

42 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SWZ. Verified SEC 13F-HR filings.

QUARTER:
Top 25 SWZ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Matisse Capital 1.45% 609,000 $3.6M
2 Shaker Financial Services, LLC 0.73% 393,170 $2.3M
3 Icon Advisers Inc/Co 0.50% 446,220 $2.7M
4 Logan Stone Capital, LLC 0.25% 198,157 $1.2M
5 Css LLC/Il 0.24% 1,040,190 $6.2M
6 Yakira Capital Management, Inc. 0.21% 125,557 $746K
7 Almitas Capital LLC 0.16% 115,581 $687K
8 Blue Bell Private Wealth Management, LLC 0.12% 168,610 $1.0M
9 Noble Wealth Management PBC 0.11% 42,882 $255K
10 Uncommon Cents Investing LLC 0.11% 85,036 $505K
11 Saba Capital Management, L.P. 0.06% 404,080 $2.4M
12 Alpine Global Management, LLC 0.06% 58,859 $350K
13 Cutler Capital Management, LLC 0.06% 35,921 $213K
14 Bulldog Investors, LLP 0.05% 40,334 $240K
15 Evolve Private Wealth, LLC 0.05% 139,192 $827K
16 Landscape Capital Management, L.L.C. 0.04% 97,847 $581K
17 Mccarter Private Wealth Services LLC 0.03% 14,458 $86K
18 Integris Wealth Management, LLC 0.01% 10,053 $60K
19 Fortis Capital Advisors, LLC 0.01% 14,458 $86K
20 Capital Investment Counsel, Inc 0.01% 14,961 $89K
21 TrueMark Investments, LLC 0.01% 10,189 $61K
22 Gardner Russo & Quinn LLC 0.01% 97,667 $580K
23 Winmill & CO. Inc 0.00% 2,250 $13K
24 Rivernorth Capital Management, LLC 0.00% 10,189 $61K
25 Belpointe Asset Management LLC 0.00% 14,458 $86K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Total Return Securities Fund (SWZ)

What does the Smart Money Trend signal show for SWZ?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added SWZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for SWZ?

Slight buying edge — 56% buying: Last quarter: 20 funds bought or added vs 16 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for SWZ holders?

Smaller funds dominant — 18% AUM from top-100: 7 of 42 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held SWZ?

64% of holders stayed for 2+ years: 27 out of 42 hedge funds have held SWZ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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