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ZTR

Virtus Total Return Fund
ZTR

86 hedge funds and large institutions have $142M invested in Virtus Total Return Fund in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 34 increasing their positions, 22 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 22

43% more capital invested

Capital invested by funds: $99.7M → $142M (+$42.7M)

20% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 10

10.27% more ownership

Funds ownership: 43.08% → 53.35% (+10%)

2% more funds holding

Funds holding: 84 → 86 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
86
Holders Change
+2
Holders Change %
+2.38%
% of All Funds
1.25%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
12
Increased
34
Reduced
22
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$15M
2
MP
Mangrove Partners
Connecticut
+$9.54M
3
KIM
Karpus Investment Management
New York
+$7.72M
4
SCM
Saba Capital Management
New York
+$4.82M
5
BI
Bulldog Investors
New Jersey
+$2.89M

Top Sellers

1
RCM
Rivernorth Capital Management
Florida
-$18M
2
CF
Centaurus Financial
California
-$1.34M
3
SFS
Shaker Financial Services
Virginia
-$673K
4
Walleye Capital
Walleye Capital
New York
-$587K
5
CCP
Clough Capital Partners
Massachusetts
-$572K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$30.8M +$15M +2,947,311 +112%
SIA
2
Sit Investment Associates
Minnesota
$23.6M +$1.28M +251,056 +6%
KIM
3
Karpus Investment Management
New York
$13M +$7.72M +1,515,022 +181%
MP
4
Mangrove Partners
Connecticut
$10.3M +$9.54M +1,872,388 New
YCM
5
Yakira Capital Management
Connecticut
$9.9M -$121K -23,700 -1%
SCM
6
Saba Capital Management
New York
$5.29M +$4.82M +946,770 +7,076%
BI
7
Bulldog Investors
New Jersey
$5.25M +$2.89M +567,422 +145%
LPL Financial
8
LPL Financial
California
$4.35M +$554K +108,836 +16%
CCP
9
Clough Capital Partners
Massachusetts
$4.33M -$572K -112,219 -12%
Stifel Financial
10
Stifel Financial
Missouri
$3.87M +$460K +90,270 +15%
GC
11
Guggenheim Capital
Illinois
$3.61M -$98.9K -19,414 -3%
LCM
12
Landscape Capital Management
New Jersey
$3M +$1.24M +244,182 +82%
AA
13
AQR Arbitrage
Connecticut
$2.78M +$870K +170,847 +51%
AGM
14
Alpine Global Management
New York
$2.18M +$290K +57,000 +17%
QL
15
Quarry LP
New York
$1.61M +$125K +24,540 +9%
PAG
16
Private Advisor Group
New Jersey
$1.42M +$83.7K +16,438 +7%
Envestnet Asset Management
17
Envestnet Asset Management
Illinois
$1.41M +$147K +28,783 +13%
PAS
18
Park Avenue Securities
New York
$1.34M +$139K +27,311 +13%
FSI
19
Flow State Investments
Illinois
$1.28M +$914K +179,355 +336%
Cetera Investment Advisers
20
Cetera Investment Advisers
Illinois
$1.06M +$255K +50,077 +35%
CF
21
Centaurus Financial
California
$1.06M -$1.34M -263,091 -58%
RVPG
22
Relative Value Partners Group
$890K +$4.83K +947 +0.6%
Millennium Management
23
Millennium Management
New York
$750K +$114K +22,432 +20%
KAS
24
Kestra Advisory Services
Texas
$667K +$4.16K +816 New
PNC Financial Services Group
25
PNC Financial Services Group
Pennsylvania
$649K +$428K +83,955 +249%
1
2 3 4

ZTR Hedge Fund Activity: Q4 2023 in Review

86 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Virtus Total Return Fund (ZTR) for Q4 2023, worth a combined $142M — up 43% from $99.7M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new ZTR positions and 10 closed out — a net gain of 2 holders — while 34 added to existing stakes and 22 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $15M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $18M sold.

  • 86 institutional investors held Virtus Total Return Fund (ZTR) as of Q4 2023, up from 84 in Q3 2023.
  • Funds reported $142M of Virtus Total Return Fund stock for Q4 2023, up 43% quarter-over-quarter.
  • 12 funds opened new Virtus Total Return Fund positions in Q4 2023 and 10 closed out, a net change of +2 holders.
  • The largest Virtus Total Return Fund buyer in Q4 2023 was Morgan Stanley, an estimated $15M added.
  • The largest Virtus Total Return Fund seller in Q4 2023 was Rivernorth Capital Management, an estimated $18M sold.

Based on aggregated 13F filings for Q4 2023.