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Virtus Total Return Fund
Virtus Total Return Fund. Institutional holdings reported to the SEC.

Institutional Holders (2016Q4)
Portfolio Summary: 34 Institutional holders with a total value of $61,731,000.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 Bulldog Investors, LLP 5,016,152 22,422,000 36.32%
2 RIVERNORTH CAPITAL MANAGEMENT, LLC 1,870,819 8,363,000 13.55%
3 Advisors Asset Management, Inc. 1,791,043 8,006,000 12.97%
4 SIT INVESTMENT ASSOCIATES INC 1,284,556 5,742,000 9.30%
5 Shaker Financial Services, LLC 681,356 3,046,000 4.93%
6 ICON ADVISERS INC/CO 662,767 2,963,000 4.80%
7 MORGAN STANLEY 426,378 1,906,000 3.09%
8 RELATIVE VALUE PARTNERS GROUP, LLC 354,333 1,584,000 2.57%
9 WELLS FARGO & COMPANY/MN 285,514 1,276,000 2.07%
10 POTRERO CAPITAL RESEARCH LLC 178,736 799,000 1.29%
11 WINNING POINTS ADVISORS, LLC 151,362 677,000 1.10%
12 Saba Capital Management, L.P. 147,879 661,000 1.07%
13 LPL Financial LLC 138,753 620,000 1.00%
14 RAYMOND JAMES & ASSOCIATES 130,715 584,000 0.95%
15 CITIGROUP INC 104,915 469,000 0.76%
16 ROYAL BANK OF CANADA 101,276 453,000 0.73%
17 BRINKER CAPITAL INC 96,650 432,000 0.70%
18 STRATEGIC INVESTMENT MANAGEMENT, LLC 75,000 335,000 0.54%
19 DOLIVER ADVISORS, LP 69,244 310,000 0.50%
20 UBS Group AG 64,833 290,000 0.47%
21 CSS LLC/IL 38,526 172,000 0.28%
22 ALLEGIS INVESTMENT ADVISORS, LLC 31,344 140,000 0.23%
23 Gradient Investments LLC 24,962 112,000 0.18%
24 Cambridge Investment Research Advisors, Inc. 17,505 78,000 0.13%
25 Raymond James Financial Services Advisors, Inc. 16,812 75,000 0.12%
26 LADENBURG THALMANN FINANCIAL SERVICES INC. 13,796 62,000 0.10%
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 11,970 54,000 0.09%
28 ADVISOR GROUP, INC. 10,000 44,000 0.07%
29 CITY HOLDING CO 5,122 23,000 0.04%
30 BANK OF AMERICA CORP /DE/ 1,937 8,000 0.01%
31 MSI Financial Services Inc 1,752 8,000 0.01%
32 IFP ADVISORS, INC 1,568 7,000 0.01%
33 Financial Management Professionals, Inc. 1,402 6,000 0.01%
34 Creative Planning 1,000 4,000 0.01%

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.