Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Total Return Securities Fund (SWZ)

41 + 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
↓ -2
Streak
1Q ▼
Buyers last Q
35%

Smart Money Signals — SWZ

Based on 41 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their SWZ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
41 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 — +11% more funds vs a year ago

fund count last 6Q
+4 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🔴

Heavy selling pressure — only 35% buying

13 buying24 selling
Last quarter: 24 funds sold vs only 13 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 8 → 6 → 10 → 4. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 22% medium ■ 20% new
24 out of 41 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.
➡️

Steady discovery — ~4 new funds/quarter

4 → 8 → 6 → 10 → 4 new funds/Q
New funds entering each quarter: 8 → 6 → 10 → 4. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 66% of holders stayed 2+ years

■ 66% veterans ■ 2% 1-2yr ■ 32% new
Of 41 current holders: 27 (66%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 2% AUM from top-100

2% from top-100 AUM funds
5 of 41 holders rank in the top 100 by AUM, but together hold only 2% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 Q1, 13 hedge funds were net buyers of SWZ (4 opened a new position, 9 added to an existing one), while 24 reduced or exited (18 trimmed, 6 sold completely) — a 35% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 41.

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

-- --

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

Is It Too Late to Buy Total Return Securities Fund (SWZ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SWZ has moved relative to its sector benchmark (SPY) 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 · 81d ago
SWZ
nan%
SPY
+15.1%

SWZ outperformed SPY by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
SWZ
nan%
SPY
+1.3%

Since the filing became public, SWZ outperformed SPY by nan% .

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.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: SWZ
41 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 41 43 -4.65%
13F Shares 5M 9M -43.02%
Total Value $30M $54M -45.46%
New Positions 4 10 -6
Increased Positions 9 14 -5
Closed Positions 6 8 -2
Reduced Positions 18 9 +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 Q1)

41 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Matisse Capital 1.03% 407,269 $2.4M
2 Icon Advisers Inc/Co 0.69% 500,294 $3.0M
3 Shaker Financial Services, LLC 0.67% 322,395 $1.9M
4 North Ground Capital 0.34% 47,591 $282K
5 Css LLC/Il 0.29% 1,020,547 $6.1M
6 Yakira Capital Management, Inc. 0.22% 125,557 $745K
7 Noble Wealth Management PBC 0.21% 69,379 $411K
8 Uncommon Cents Investing LLC 0.12% 84,372 $500K
9 Rivernorth Capital Management, LLC 0.10% 331,019 $2.0M
10 Blue Bell Private Wealth Management, LLC 0.08% 88,274 $523K
11 Alpine Global Management, LLC 0.07% 81,274 $482K
12 Saba Capital Management, L.P. 0.07% 404,080 $2.4M
13 Almitas Capital LLC 0.06% 46,454 $275K
14 Bulldog Investors, LLP 0.05% 39,787 $236K
15 Evolve Private Wealth, LLC 0.05% 146,290 $868K
16 Logan Stone Capital, LLC 0.05% 27,811 $165K
17 Mccarter Private Wealth Services LLC 0.04% 14,458 $86K
18 Nixon Peabody Trust Co 0.02% 42,024 $249K
19 Integris Wealth Management, LLC 0.01% 10,053 $60K
20 Landscape Capital Management, L.L.C. 0.01% 35,909 $213K
21 TrueMark Investments, LLC 0.01% 10,749 $64K
22 Fortis Capital Advisors, LLC 0.01% 14,458 $86K
23 Capital Investment Counsel, Inc 0.01% 14,961 $89K
24 Gardner Russo & Quinn LLC 0.01% 97,667 $579K
25 Allspring Global Investments Holdings, LLC 0.01% 650,702 $3.9M
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their SWZ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for SWZ?

Heavy selling pressure — only 35% buying: Last quarter: 24 funds sold vs only 13 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for SWZ holders?

Smaller funds dominant — 2% AUM from top-100: 5 of 41 holders rank in the top 100 by AUM, but together hold only 2% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held SWZ?

59% of holders stayed for 2+ years: 24 out of 41 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.

Is it too late to buy Total Return Securities Fund (SWZ) following the 2026 Q1 hedge fund 13F filings?

As of today, SWZ has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), SWZ has gained nan% vs +15.1% for SPY. 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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