# Total Return Securities Fund (SWZ): who owns it

1 value investor held Total Return Securities Fund in their Q3 2026 13F, led by Gardner Russo & Quinn.

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Gardner Russo & Quinn | 0.0% | $580k | Unchanged | 24 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-10-08 | GOLDSTEIN PHILLIP | Secretary | Bought | 5000 | $29k |
| 2026-09-28 | Dakos Andrew | President and CEO | Bought | 9000 | $52k |
| 2026-09-28 | SELL MORITZ A | Director | Bought | 2000 | $12k |
| 2026-09-28 | Dakos Andrew | President and CEO | Bought | 1000 | $6k |
| 2026-09-25 | Dakos Andrew | President and CEO | Bought | 7649 | $44k |
| 2026-09-25 | Dakos Andrew | President and CEO | Bought | 2351 | $14k |
| 2026-08-31 | SELL MORITZ A | Director | Bought | 3000 | $18k |
| 2026-08-24 | Das Rajeev P | Secretary | Bought | 1366 | $8k |
| 2026-08-21 | Das Rajeev P | Secretary | Bought | 1700 | $10k |
| 2026-08-10 | SELL MORITZ A | Director | Bought | 1000 | $6k |
| 2026-07-23 | SELL MORITZ A | Director | Bought | 2000 | $12k |
| 2026-07-22 | SELL MORITZ A | Director | Bought | 517 | $3k |
| 2026-07-21 | SELL MORITZ A | Director | Bought | 483 | $3k |
| 2026-07-20 | SELL MORITZ A | Director | Bought | 1000 | $6k |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/swz). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.