CSQ Hedge Fund Ownership (Q2 2026)

Calamos Strategic Total Retu (CSQ)

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

Smart Money Signals — CSQ

Based on 223 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q

For 5 consecutive quarters, more hedge funds added CSQ 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

223 hedge funds hold CSQ 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 — +12% more funds vs a year ago

fund count last 6Q

+23 new funds entered over the past year (+12% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟢

More buyers than sellers — 62% buying

105 buying64 selling

Last quarter: 105 funds were net buyers (20 opened a brand new position + 85 added to an existing one). Only 64 were sellers (48 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~20 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 24 → 29 → 25 → 20. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 22% medium ■ 16% new

139 out of 223 hedge funds have held CSQ 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.

💰

Value +21% but shares only +1% — price-driven

Value

+21%

+0%

Last quarter: the total dollar value of institutional holdings rose +21%, but actual share count only changed +1%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

📊

Peak discovery — momentum slowing

19 → 24 → 29 → 25 → 20 new funds/Q

New funds entering each quarter: 24 → 29 → 25 → 20. CSQ 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 — 63% veterans vs 22% newcomers

■ 63% veterans ■ 14% 1-2yr ■ 22% new

Entry-cohort mix of 223 holders: 141 (63%) are 2+ year veterans, 32 entered 1–2 years ago, and 50 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 54% AUM from top-100 funds

54% from top-100 AUM funds

18 of 221 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in CSQ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	221	219	0.91%
13F Shares	39M	38M	0.92%
Total Value	$792M	$655M	20.97%
New Positions	20	25	-5
Increased Positions	85	73	+12
Closed Positions	16	17	-1
Reduced Positions	48	52	-4
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

221

219

0.91%

13F Shares

39M

38M

0.92%

Total Value

$792M

$655M

20.97%

New Positions

-5

Increased Positions

+12

Closed Positions

-1

Reduced Positions

-4

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

221 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 CSQ holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Smith Asset Management Co., LLC	3.67%	226,606	$4.7M
2	PMG Family Office LLC	3.08%	162,340	$3.3M
3	Bensler, LLC	2.10%	1,152,865	$23.7M
4	McGowan Group Asset Management, Inc.	1.97%	787,259	$16.2M
5	Smh Capital Advisors Inc	1.23%	15,250	$314K
6	Karpus Management, Inc.	1.21%	2,052,204	$42.2M
7	1607 Capital Partners, LLC	1.14%	635,466	$13.1M
8	Pointe Capital Management LLC	1.06%	115,602	$2.4M
9	Shaker Financial Services, LLC	1.05%	163,703	$3.4M
10	Prairie Wealth Advisors, Inc.	0.76%	—	$3.2M
11	Advisory Advocates, LLC	0.54%	30,574	$629K
12	David J Yvars Group	0.44%	45,208	$924K
13	Fairman Group, LLC	0.38%	23,569	$485K
14	Rivernorth Capital Management, LLC	0.34%	351,534	$7.2M
15	Coquina Private Wealth LLC	0.28%	19,834	$408K
16	Closed-End Fund Advisors, Inc.	0.27%	13,536	$278K
17	Palogic Value Management, L.P.	0.26%	38,800	$798K
18	Quad-Cities Investment Group, LLC	0.25%	33,337	$685K
19	QTR Family Wealth, LLC	0.23%	32,408	$666K
20	Advisors Asset Management, Inc.	0.22%	699,531	$14.4M
21	Aviance Capital Partners, LLC	0.21%	98,505	$2.0M
22	Meridian Wealth Advisors, LLC	0.20%	85,722	$1.8M
23	Lake Street Private Wealth, LLC	0.20%	84,348	$1.7M
24	ELCO Management Co., LLC	0.19%	21,123	$434K
25	Game Plan Financial Advisors, LLC	0.16%	21,500	$442K

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 — Calamos Strategic Total Retu (CSQ)

What does the Smart Money Trend signal show for CSQ?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added CSQ 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 CSQ?

More buyers than sellers — 62% buying: Last quarter: 105 funds were net buyers (20 opened a brand new position + 85 added to an existing one). Only 64 were sellers (48 trimmed + 16 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for CSQ holders?

Elite ownership — 54% AUM from top-100 funds: 18 of 221 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in CSQ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CSQ?

62% of holders stayed for 2+ years: 139 out of 223 hedge funds have held CSQ 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.

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Calamos Strategic Total Retu (CSQ)

Smart Money Signals — CSQ

Buying streak — 5 quarters in a row

At the ownership peak (100% of max)

Steady growth — +12% more funds vs a year ago

More buyers than sellers — 62% buying

Steady new buyers — ~20 new funds per quarter

62% of holders stayed for 2+ years

Value +21% but shares only +1% — price-driven

Peak discovery — momentum slowing

Veteran-anchored — 63% veterans vs 22% newcomers

Elite ownership — 54% AUM from top-100 funds

Institutional Sentiment Summary — CSQ

Hedge Fund Ownership: CSQ

Market Analysis: CSQ

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: CSQ

Hedge Fund Positioning: CSQ

Statistics: CSQ

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Calamos Strategic Total Retu (CSQ)

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