Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Calamos Strategic Total Retu (CSQ)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
5Q ▲
Buyers last Q
62%

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%
Shares
+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
19 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.

Institutional Sentiment Summary — CSQ

In 2026 Q2, 105 hedge funds were net buyers of CSQ (20 opened a new position, 85 added to an existing one), while 64 reduced or exited (48 trimmed, 16 sold completely) — a 62% buyer ratio, indicating clear institutional accumulation. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 54% of total institutional value in CSQ is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 223.

Hedge Fund Ownership: CSQ

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

Market Analysis: CSQ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CSQ

-- --

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

Is It Too Late to Buy Calamos Strategic Total Retu (CSQ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CSQ has moved relative to its sector benchmark (XLF) since the 2026 Q3 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End September 30, 2026 · 45d ago
CSQ
-5.2%
XLF
+9.6%

CSQ outperformed XLF by -14.8% since September 30, 2026.

Since 13F Filing Date November 14, 2026 · 0d ago
CSQ
+0.0%
XLF
+0.0%

Since the filing became public, CSQ outperformed XLF by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

7 top-rated funds 2 high-conviction
Consensus
3.9
/ 10
breadth
×
Elite
2.1
/ 10
conviction
Hedge Fund Positioning: CSQ
2026 Q3 Stats Unlock in 5 days 221 + Investors

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

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

Statistics: CSQ

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Valuation Measures Data as of: --

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q3)

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:
2026 Q3 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
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 3.56% 214,209 $4.4M
2 PMG Family Office LLC 3.08% 163,045 $3.3M
3 Bensler, LLC 2.32% 1,208,568 $24.6M
4 Smh Capital Advisors Inc 1.21% 15,628 $319K
5 Prairie Wealth Advisors, Inc. 0.70% — $3.3M
6 Advisory Advocates, LLC 0.54% 30,574 $623K
7 David J Yvars Group 0.43% 45,661 $931K
8 Fairman Group, LLC 0.34% 23,569 $481K
9 Coquina Private Wealth LLC 0.26% 18,846 $384K
10 Closed-End Fund Advisors, Inc. 0.23% 10,966 $224K
11 Quad-Cities Investment Group, LLC 0.23% 31,761 $648K
12 Advisors Asset Management, Inc. 0.21% 640,494 $13.5M
13 Shaker Financial Services, LLC 0.21% 31,596 $644K
14 Aviance Capital Partners, LLC 0.20% 96,751 $2.0M
15 Meridian Wealth Advisors, LLC 0.20% 85,722 $1.7M
16 Lake Street Private Wealth, LLC 0.19% 82,802 $1.7M
17 ELCO Management Co., LLC 0.18% 19,023 $388K
18 Game Plan Financial Advisors, LLC 0.17% 21,500 $438K
19 PW Nova Financial Services LLC 0.15% 35,351 $721K
20 Bay Capital Advisors, LLC 0.14% 13,379 $273K
21 PlanVest Financial, Inc 0.13% 9,673 $197K
22 Founders Financial Securities LLC 0.12% 122,635 $2.5M
23 Stratos Wealth Partners, LTD. 0.11% 543,261 $11.1M
24 Doliver Advisors, LP 0.11% 24,284 $495K
25 Mezzasalma Advisors, LLC 0.11% 26,122 $533K
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: 19 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.

Is it too late to buy Calamos Strategic Total Retu (CSQ) following the 2026 Q3 hedge fund 13F filings?

As of today, CSQ has moved +0.0% since the 2026 Q3 13F filing date (November 14, 2026), compared to +0.0% for the XLF sector ETF — an outperformance of +0.0%. Since the quarter end (September 30, 2026), CSQ has gained -5.2% vs +9.6% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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