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Calamos Strategic Total Return Fund
CSQ

217 hedge funds and large institutions have $664M invested in Calamos Strategic Total Return Fund in 2026 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 77 increasing their positions, 51 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 12

51% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 51

1% more funds holding

Funds holding: 214 → 217 (+3)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.02% less ownership

Funds ownership: 24.07% → 24.05% (-0.02%)

11% less capital invested

Capital invested by funds: $744M → $664M (-$80.5M)

Holders
217
Holders Change
+3
Holders Change %
+1.4%
% of All Funds
2.67%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
20
Increased
77
Reduced
51
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$11.2M
2
SFS
Shaker Financial Services
Virginia
+$5.37M
3
1CP
1607 Capital Partners
Virginia
+$5.28M
4
RCM
Rivernorth Capital Management
Florida
+$3.23M
5
Morgan Stanley
Morgan Stanley
New York
+$2.9M

Top Sellers

Rank Fund Capital Flow
1
CA
Cornerstone Advisors
North Carolina
-$32.9M
2
RAM
Readystate Asset Management
Illinois
-$4.83M
3
JWCA
J.W. Cole Advisors
Florida
-$2.29M
4
AWM
Apollon Wealth Management
South Carolina
-$2.23M
5
LCM
Landscape Capital Management
New Jersey
-$1.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
26
Janney Montgomery Scott
Pennsylvania
$3.78M +$171K +9,110 +4%
WAM
27
Wolverine Asset Management
Illinois
$3.61M +$971K +51,822 +33%
RCM
28
Rivernorth Capital Management
Florida
$2.95M +$3.23M +172,463 New
WIA
29
World Investment Advisors
California
$2.94M +$479K +25,570 +17%
DC
30
Davenport & Co
Virginia
$2.86M -$678K -36,154 -18%
SA
31
Sanctuary Advisors
Indiana
$2.85M +$9.04K +482 +0.3%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$2.84M +$267K +14,268 +9%
PFO
33
PMG Family Office
Texas
$2.76M +$82.2K +4,385 +3%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$2.73M -$106K -5,670 -3%
PWA
35
Prairie Wealth Advisors
Nebraska
$2.57M – – –
Envestnet Asset Management
36
Envestnet Asset Management
Illinois
$2.52M +$1.04M +55,417 +60%
CAPTRUST Financial Advisors
37
CAPTRUST Financial Advisors
North Carolina
$2.36M +$778K +41,502 +43%
CA
38
Clearstead Advisors
Ohio
$2.33M +$15.6K +834 +0.6%
SC
39
Savant Capital
Illinois
$2.32M – – –
LSC
40
Logan Stone Capital
Illinois
$2.23M +$2.08M +110,775 +565%
FFS
41
Founders Financial Securities
Maryland
$2.19M – – –
PCM
42
Pointe Capital Management
Michigan
$2.12M +$211K +11,258 +10%
SPIA
43
Steward Partners Investment Advisory
New York
$2.11M -$194K -10,333 -8%
HighTower Advisors
44
HighTower Advisors
Illinois
$2.06M +$53.2K +2,838 +2%
Mariner
45
Mariner
Kansas
$1.83M +$183K +9,782 +10%
ACP
46
Aviance Capital Partners
Florida
$1.69M +$3.96K +211 +0.2%
KAS
47
Kestra Advisory Services
Texas
$1.5M +$331K +17,677 +25%
MWA
48
Meridian Wealth Advisors
Texas
$1.47M -$225K -12,000 -12%
CWM
49
Calamos Wealth Management
Illinois
$1.46M – – –
Calamos Advisors
50
Calamos Advisors
Illinois
$1.46M +$1.6M +85,160 New
1
2
3 4 5

CSQ Hedge Fund Activity: Q1 2026 in Review

217 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Calamos Strategic Total Return Fund (CSQ) for Q1 2026, worth a combined $664M — down 11% from $744M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new CSQ positions and 12 closed out — a net gain of 8 holders — while 77 added to existing stakes and 51 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $11.2M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $32.9M sold.

  • 217 institutional investors held Calamos Strategic Total Return Fund (CSQ) as of Q1 2026, up from 214 in Q4 2025.
  • Funds reported $664M of Calamos Strategic Total Return Fund stock for Q1 2026, down 11% quarter-over-quarter.
  • 20 funds opened new Calamos Strategic Total Return Fund positions in Q1 2026 and 12 closed out, a net change of +8 holders.
  • The largest Calamos Strategic Total Return Fund buyer in Q1 2026 was Karpus Investment Management, an estimated $11.2M added.
  • The largest Calamos Strategic Total Return Fund seller in Q1 2026 was Cornerstone Advisors, an estimated $32.9M sold.

Based on aggregated 13F filings for Q1 2026.