Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Virtus Total Return Fd Inc (ZTR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
1Q ▲
Buyers last Q
54%

Smart Money Signals — ZTR

Based on 93 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 ZTR 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 (100% of max)

100% of all-time peak
93 hedge funds hold ZTR 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
+7 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 — 54% buying

45 buying39 selling
Last quarter: 45 funds bought or added vs 39 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 — ~18 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 7 → 17 → 13 → 18. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 20% medium ■ 26% new
50 out of 93 hedge funds have held ZTR 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.
📈

Growing discovery — still being found

10 → 7 → 17 → 13 → 18 new funds/Q
New funds entering each quarter: 7 → 17 → 13 → 18. A growing number of institutions are discovering ZTR each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 58% veterans vs 27% newcomers

■ 58% veterans ■ 15% 1-2yr ■ 27% new
Entry-cohort mix of 93 holders: 54 (58%) are 2+ year veterans, 14 entered 1–2 years ago, and 25 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
14 of 93 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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 — ZTR

In 2026 Q2, 45 hedge funds were net buyers of ZTR (18 opened a new position, 27 added to an existing one), while 39 reduced or exited (24 trimmed, 15 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 36% of total institutional value in ZTR is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 93.

Hedge Fund Ownership: ZTR

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

Market Analysis: ZTR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ZTR

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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.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: ZTR
93 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 93 90 3.33%
13F Shares 11M 10M 4.73%
Total Value $65M $61M 7.15%
New Positions 18 13 +5
Increased Positions 27 28 -1
Closed Positions 15 14 +1
Reduced Positions 24 21 +3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: ZTR

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Institutional Holders (2026 Q2)

93 + investors

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

QUARTER:
Top 25 ZTR holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Yakira Capital Management, Inc. 0.40% 204,043 $1.4M
2 Saba Capital Management, L.P. 0.34% 1,936,491 $13.2M
3 Ashton Thomas Securities, LLC 0.24% 236,800 $1.6M
4 Integrated Capital Management, INC. 0.18% 36,817 $251K
5 Blue Bell Private Wealth Management, LLC 0.16% 187,630 $1.3M
6 Avise Financial Cooperative, Inc. 0.11% 23,456 $160K
7 Decision Investments, Inc 0.10% 16,100 $110K
8 Guggenheim Capital LLC 0.05% 1,279,341 $8.7M
9 Bayban 0.05% 10,339 $71K
10 Gridiron Partners, LLC 0.04% 12,282 $84K
11 Karpus Management, Inc. 0.04% 183,208 $1.3M
12 Advisory Solutions Group, LLC 0.03% 14,693 $100K
13 Beverly Hills Private Wealth, LLC 0.03% 23,628 $161K
14 Tactive Advisors, LLC 0.02% 13,265 $91K
15 Css LLC/Il 0.02% 79,387 $542K
16 Advisors Asset Management, Inc. 0.02% 184,618 $1.3M
17 Doliver Advisors, LP 0.02% 12,250 $84K
18 Shulman DeMeo Asset Management LLC 0.02% 14,756 $101K
19 Towne Trust Company, N.A 0.02% 8,000 $55K
20 Mascoma Wealth Management LLC 0.02% 11,900 $81K
21 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.01% 16,578 $113K
22 Sculptor Capital LP 0.01% 217,653 $1.5M
23 J.W. Cole Advisors, INC. 0.01% 99,825 $682K
24 Mcguire Capital Advisors Inc 0.01% 3,059 $21K
25 United Financial Planning Group LLC 0.01% 3,212 $22K
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 — Virtus Total Return Fd Inc (ZTR)

What does the Smart Money Trend signal show for ZTR?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added ZTR 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 ZTR?

Slight buying edge — 54% buying: Last quarter: 45 funds bought or added vs 39 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 ZTR holders?

Strong quality — 36% AUM from major funds: 14 of 93 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held ZTR?

54% of holders stayed for 2+ years: 50 out of 93 hedge funds have held ZTR 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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