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Calamos Strategic Total Return Fund
CSQ

201 hedge funds and large institutions have $645M invested in Calamos Strategic Total Return Fund in 2025 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 78 increasing their positions, 54 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 54

33% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 12

16% more capital invested

Capital invested by funds: $556M → $645M (+$88.2M)

1% more funds holding

Funds holding: 199 → 201 (+2)

0.36% more ownership

Funds ownership: 21.68% → 22.03% (+0.36%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
201
Holders Change
+2
Holders Change %
+1.01%
% of All Funds
2.65%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
16
Increased
78
Reduced
54
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
+$4.15M
2
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$3.02M
3
CA
Cornerstone Advisors
North Carolina
+$2.62M
4
Stifel Financial
Stifel Financial
Missouri
+$1.7M
5
SWP
Stratos Wealth Partners
Ohio
+$1.6M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$2.87M
2
Bank of America
Bank of America
North Carolina
-$818K
3
AFG
Atomi Financial Group
New York
-$551K
4
AWS
Atria Wealth Solutions
New York
-$476K
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$385K
Name Holding Trade Value Shares
Change 		Change in
Stake
KAS
51
Kestra Advisory Services
Texas
$1.04M +$911 +55 +0.1%
KIM
52
Karpus Investment Management
New York
$1.01M +$33K +1,990 +4%
HI
53
Harbour Investments
Wisconsin
$987K -$52.6K -3,174 -6%
Comerica Bank
54
Comerica Bank
Texas
$984K +$22K +1,325 +3%
MFIM
55
Mesirow Financial Investment Management
Illinois
$954K +$679 +41 +0.1%
M&T Bank
56
M&T Bank
New York
$821K – – –
Focus Partners Wealth
57
Focus Partners Wealth
Massachusetts
$815K +$740K +44,660 New
WA
58
Waverly Advisors
Alabama
$796K -$2.65K -160 -0.4%
GLA
59
Good Life Advisors
Pennsylvania
$753K +$493K +29,752 +258%
NAS
60
NWF Advisory Services
California
$732K – – –
PVM
61
Palogic Value Management
Texas
$708K – – –
PI
62
PFG Investments
New York
$687K +$93K +5,609 +18%
SCA
63
Snowden Capital Advisors
New York
$650K -$17.4K -1,047 -3%
AWA
64
Arete Wealth Advisors
Illinois
$627K +$1.64K +99 +0.3%
FG
65
Fairman Group
Pennsylvania
$603K – – –
QCIG
66
Quad-Cities Investment Group
Iowa
$600K -$2.09K -126 -0.4%
Susquehanna International Group
67
Susquehanna International Group
Pennsylvania
$592K +$143K +8,610 +36%
PNC Financial Services Group
68
PNC Financial Services Group
Pennsylvania
$587K – – –
KPWS
69
Kestra Private Wealth Services
Texas
$580K +$63.2K +3,812 +14%
Goldman Sachs
70
Goldman Sachs
New York
$577K – – –
Pathstone Holdings
71
Pathstone Holdings
New Jersey
$563K – – –
KA
72
Kovack Advisors
Florida
$562K +$511K +30,825 New
GWSG
73
GPS Wealth Strategies Group
Colorado
$550K – – –
BCM
74
Brookstone Capital Management
Illinois
$543K +$95.5K +5,764 +24%
WWA
75
WCG Wealth Advisors
Nevada
$509K +$180K +10,882 +64%
1 2
3
4 5

CSQ Hedge Fund Activity: Q2 2025 in Review

201 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Calamos Strategic Total Return Fund (CSQ) for Q2 2025, worth a combined $645M — up 16% from $556M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new CSQ positions and 12 closed out — a net gain of 4 holders — while 78 added to existing stakes and 54 trimmed.

The largest buyer was Polar Asset Management Partners, adding an estimated $4.15M. The largest seller was UBS Group, cutting an estimated $2.87M.

  • 201 institutional investors held Calamos Strategic Total Return Fund (CSQ) as of Q2 2025, up from 199 in Q1 2025.
  • Funds reported $645M of Calamos Strategic Total Return Fund stock for Q2 2025, up 16% quarter-over-quarter.
  • 16 funds opened new Calamos Strategic Total Return Fund positions in Q2 2025 and 12 closed out, a net change of +4 holders.
  • The largest Calamos Strategic Total Return Fund buyer in Q2 2025 was Polar Asset Management Partners, an estimated $4.15M added.
  • The largest Calamos Strategic Total Return Fund seller in Q2 2025 was UBS Group, an estimated $2.87M sold.

Based on aggregated 13F filings for Q2 2025.