Calamos Strategic Total Return Fund
214 hedge funds and large institutions have $744M invested in Calamos Strategic Total Return Fund in 2025 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 75 increasing their positions, 48 reducing their positions, and 23 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 48
30% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 23
3% more funds holding
Funds holding: 208 → 214 (+6)
3% more capital invested
Capital invested by funds: $722M → $744M (+$22.1M)
0.74% more ownership
Funds ownership: 23.33% → 24.06% (+0.74%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$22.7M |
| 2 |
RAM
Readystate Asset Management
Chicago,
Illinois
|
+$7.85M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.96M |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.88M |
| 5 |
P
&Partners
Nashville,
Tennessee
|
+$2.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$9.49M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$7.58M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.26M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$2.51M |
| 5 |
PWA
Prairie Wealth Advisors
Omaha,
Nebraska
|
-$2.37M |
CSQ Hedge Fund Activity: Q4 2025 in Review
214 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Calamos Strategic Total Return Fund (CSQ) for Q4 2025, worth a combined $744M — up 3.1% from $722M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new CSQ positions and 23 closed out — a net gain of 7 holders — while 75 added to existing stakes and 48 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $22.7M. The largest seller was Cornerstone Advisors, cutting an estimated $9.49M.
- 214 institutional investors held Calamos Strategic Total Return Fund (CSQ) as of Q4 2025, up from 208 in Q3 2025.
- Funds reported $744M of Calamos Strategic Total Return Fund stock for Q4 2025, up 3.1% quarter-over-quarter.
- 30 funds opened new Calamos Strategic Total Return Fund positions in Q4 2025 and 23 closed out, a net change of +7 holders.
- The largest Calamos Strategic Total Return Fund buyer in Q4 2025 was Karpus Investment Management, an estimated $22.7M added.
- The largest Calamos Strategic Total Return Fund seller in Q4 2025 was Cornerstone Advisors, an estimated $9.49M sold.
Based on aggregated 13F filings for Q4 2025.