Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Calamos Strategic Total Retu (CSQ)

218 + 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
↑ +9
Streak
4Q ▲
Buyers last Q
59%

Smart Money Signals — CSQ

Based on 219 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 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
219 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 — +13% more funds vs a year ago

fund count last 6Q
+25 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

98 buying68 selling
Last quarter: 98 funds bought or added vs 68 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 — ~25 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 18 → 24 → 29 → 25. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 23% medium ■ 19% new
127 out of 219 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.
📈

Growing discovery — still being found

21 → 18 → 24 → 29 → 25 new funds/Q
New funds entering each quarter: 18 → 24 → 29 → 25. A growing number of institutions are discovering CSQ each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 60% veterans vs 26% newcomers

■ 60% veterans ■ 14% 1-2yr ■ 26% new
Entry-cohort mix of 219 holders: 132 (60%) are 2+ year veterans, 31 entered 1–2 years ago, and 56 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds
17 of 217 holders are among the 100 largest funds by AUM, controlling 53% 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.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — 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 Q1, 98 hedge funds were net buyers of CSQ (25 opened a new position, 73 added to an existing one), while 68 reduced or exited (52 trimmed, 16 sold completely) — a 59% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 53% of total institutional value in CSQ is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +9 funds (more new holders than closures). Total institutional holders: 219.

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 Q1 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 March 31, 2026 · 82d ago
CSQ
+19.9%
XLF
+8.5%

CSQ outperformed XLF by +11.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
CSQ
+2.4%
XLF
+4.8%

Since the filing became public, CSQ outperformed XLF by -2.4% .

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.

11 top-rated funds 2 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: CSQ
218 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 218 210 3.81%
13F Shares 38M 37M 3.79%
Total Value $655M $715M -8.41%
New Positions 25 29 -4
Increased Positions 73 72 +1
Closed Positions 17 25 -8
Reduced Positions 52 50 +2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: CSQ

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Financial Highlights

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Institutional Holders (2026 Q1)

218 + 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:
Top 25 CSQ holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Shaker Financial Services, LLC 3.66% 612,583 $10.5M
2 Smith Asset Management Co., LLC 3.38% 229,856 $3.9M
3 PMG Family Office LLC 3.08% 161,279 $2.8M
4 Bensler, LLC 1.97% 1,114,699 $19.1M
5 McGowan Group Asset Management, Inc. 1.73% 794,697 $13.6M
6 Prairie Wealth Advisors, Inc. 1.11% — $2.6M
7 Pointe Capital Management LLC 1.05% 124,101 $2.1M
8 Karpus Management, Inc. 1.04% 1,944,623 $33.3M
9 Logan Stone Capital, LLC 0.62% 130,383 $2.2M
10 Advisory Advocates, LLC 0.58% 30,414 $584K
11 1607 Capital Partners, LLC 0.53% 432,641 $7.4M
12 David J Yvars Group 0.41% 43,392 $730K
13 Fairman Group, LLC 0.34% 23,569 $404K
14 Palogic Value Management, L.P. 0.28% 38,800 $664K
15 Coquina Private Wealth LLC 0.28% 19,986 $342K
16 PW Nova Financial Services LLC 0.26% 35,397 $678K
17 QTR Family Wealth, LLC 0.25% 32,371 $610K
18 Closed-End Fund Advisors, Inc. 0.22% 12,663 $217K
19 Quad-Cities Investment Group, LLC 0.21% 30,563 $523K
20 Aviance Capital Partners, LLC 0.20% 98,845 $1.7M
21 Compass Planning Associates Inc 0.20% 17,898 $306K
22 Meridian Wealth Advisors, LLC 0.19% 85,722 $1.5M
23 Bay Capital Advisors, LLC 0.18% 17,528 $300K
24 Advisors Asset Management, Inc. 0.18% 649,078 $11.1M
25 Readystate Asset Management LP 0.18% 236,613 $4.1M
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 — 4 quarters in a row: For 4 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?

Slight buying edge — 59% buying: Last quarter: 98 funds bought or added vs 68 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 CSQ holders?

Elite ownership — 53% AUM from top-100 funds: 17 of 217 holders are among the 100 largest funds by AUM, controlling 53% 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?

58% of holders stayed for 2+ years: 127 out of 219 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 Q1 hedge fund 13F filings?

As of today, CSQ has moved +2.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of -2.4%. Since the quarter end (March 31, 2026), CSQ has gained +19.9% vs +8.5% 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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