Calamos Strategic Total Return

CSQ • NASDAQ

Calamos Strategic Total Return is a asset management company in the financial services sector on NASDAQ, led by John P. Calamos, Sr., with a market cap of $3.1B. As of Q3 2025, 23% of shares are held by 205 institutional investors, with BANK OF AMERICA CORP /DE/ as the largest holder at 2.98%.

CEOJohn P. Calamos, Sr.

Market Cap$3.1B

Asset Management

Financial Services

Websitecalamos.com

Overview

Overview of institutional ownership in CSQ as of Q3 2025 with a market cap of $3.1B

All Institutions

Institutions: 205
Value Held: $714.7M
Shares Held: 37.1M
Avg Position: $3.5M
Median Position: $360.0K

Hedge Funds

Hedge Funds: 8
Value Held: $13.8M
Shares Held: 714.0K
Avg Position: $1.7M
Median Position: $1.1M

Ownership Breakdown

Institutional (non-HF)

22.66%

$701.0M

Hedge Funds

0.445%

$13.8M

Retail & Other

76.9%

$2.4B

Based on market cap of $3.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CSQ as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$92.3M 0.01% of portfolio	2.98% 4.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$83.0M 0.01% of portfolio	2.68% 4.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
UBS Group AG Institution	Sergio P. Ermotti CEO	$76.1M 0.01% of portfolio	2.46% 3.9M shares	Q4 2014 Held for 10y 11m	$511.54B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$61.5M 0.01% of portfolio	1.99% 3.2M shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
C Cornerstone Advisors, LLC Institution	Joshua Grant Bradshaw CEO	$42.7M 1.41% of portfolio	1.38% 2.2M shares	Q4 2023 Held for 1y 11m	$3.0B
R ROYAL BANK OF CANADA Institution	-	$39.0M 0.01% of portfolio	1.26% 2.0M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$38.4M 0.01% of portfolio	1.24% 2.0M shares	Q4 2024 Held for 11 months	$310.43B
L LPL Financial LLC Institution	-	$21.5M 0.01% of portfolio	0.70% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
Bensler, LLC RIA/Wealth	Kristal Anne Mcmahan COO	$19.4M 2.09% of portfolio	0.63% 1.0M shares	Q4 2021 Held for 3y 11m	$929.8M
McGowan Group Asset Management, Inc. RIA/Wealth	Spencer Dean Mcgowan President	$15.3M 2.20% of portfolio	0.49% 792.5K shares	Q4 2020 Held for 4y 11m	$695.1M

Net Capital Flow

Institutional buying and selling activity for CSQ in Q3 2025

Traded: +$38.4M
Buyers: 91
Sellers: 57
Total Bought: +$46.5M
Total Sold: −$8.0M
Avg Position: $3.3M

Biggest Buyers

Institution	Net Bought	Current Position
C Cornerstone Advisors, LLC Institution	+$14.9M +772.9K shares	$42.7M 2.2M shares
W WILEY BROS.-AINTREE CAPITAL, LLC Institution	+$8.0M +415.1K shares	$8.3M 431.3K shares
Pensionmark Financial Group, LLC Pension/Endowment	+$2.7M +137.8K shares	$2.7M 137.8K shares
Shaker Financial Services, LLC RIA/Wealth	+$2.0M +102.2K shares	$9.6M 497.0K shares
K Karpus Management, Inc. Institution	+$1.9M +97.3K shares	$2.9M 152.7K shares
MORGAN STANLEY RIA/Wealth	+$1.8M +94.5K shares	$83.0M 4.3M shares
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.8M +92.1K shares	$1.8M 92.1K shares
Cetera Investment Advisers RIA/Wealth	+$1.5M +76.1K shares	$14.7M 761.4K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$1.2M +64.4K shares	$1.2M 64.4K shares
BANK OF AMERICA CORP /DE/ Institution	+$929.9K +48.2K shares	$92.3M 4.8M shares

Biggest Sellers

Institution	Net Sold	Current Position
WELLS FARGO & COMPANY/MN Institution	−$1.9M −100.7K shares	$61.5M 3.2M shares
G GUGGENHEIM CAPITAL LLC Institution	−$1.1M −58.5K shares	$7.3M 376.0K shares
Arete Wealth Advisors, LLC RIA/Wealth	−$626.7K −34.4K shares	Sold Off 0 shares
Kovack Advisors, Inc. RIA/Wealth	−$562.2K −30.8K shares	Sold Off 0 shares
R READYSTATE ASSET MANAGEMENT LP Hedge Fund•Multi-Strategy	−$533.1K −27.6K shares	$1.6M 81.8K shares
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy	−$377.6K −20.7K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$285.8K −14.8K shares	$340.7K 17.7K shares
Steward Partners Investment Advisory, LLC RIA/Wealth	−$198.3K −10.3K shares	$2.6M 134.8K shares
Beacon Pointe Advisors, LLC RIA/Wealth	−$188.4K −10.3K shares	Sold Off 0 shares
Invesco Ltd. ETF Provider	−$187.4K −9.7K shares	$1.9M 97.8K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CSQ in Q3 2025

New Positions: 13
New Value: $6.5M
Exited Positions: 12
Exited Value: $2.1M

New Positions

Institution	Position Value
Pensionmark Financial Group, LLC Pension/Endowment	$2.7M 137.8K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.2M 64.4K shares
Q QTR Family Wealth, LLC RIA/Wealth	$623.1K 32.3K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$358.9K 18.6K shares
Empower Advisory Group, LLC RIA/Wealth	$355.1K 18.4K shares
H HRT FINANCIAL LLC Institution	$299.7K 15.5K shares
LOWE BROCKENBROUGH & CO INC RIA/Wealth	$279.8K 14.5K shares
MOSELEY INVESTMENT MANAGEMENT INC RIA/Wealth	$265.7K 13.8K shares
Vestmark Advisory Solutions, Inc. Fund of Funds	$212.2K 11.0K shares
CX Institutional RIA/Wealth	$86.7K 4.5K shares

Exited Positions

Institution	Previous Position
Arete Wealth Advisors, LLC RIA/Wealth	$626.7K 34.4K shares
Kovack Advisors, Inc. RIA/Wealth	$562.2K 30.8K shares
E ELEQUIN CAPITAL LP Hedge Fund•Multi-Strategy	$377.6K 20.7K shares
Beacon Pointe Advisors, LLC RIA/Wealth	$188.4K 10.3K shares
Creative Planning RIA/Wealth	$187.0K 10.3K shares
T TRUST CO OF VERMONT Institution	$96.5K 5.3K shares
GHP Investment Advisors, Inc. RIA/Wealth	$62.0K 3.4K shares
Transce3nd, LLC RIA/Wealth	$12.9K 707.0 shares
Beaird Harris Wealth Management, LLC RIA/Wealth	$5.9K 325.0 shares
FWL INVESTMENT MANAGEMENT, LLC RIA/Wealth	$2.1K 115.0 shares

Options Activity

Institutions with the largest Call and Put options positions in CSQ as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with CSQ as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Smith Asset Management Co., LLC RIA/Wealth	Benjamin Larry Smith President	3.75% $4.4M	0.14% 228.0K shares	Q4 2024 Held for 11 months	$117.4M
Shaker Financial Services, LLC RIA/Wealth	Kathryn Shaker Baummer Partner	3.29% $9.6M	0.31% 497.0K shares	Q4 2021 Held for 3y 11m	$291.6M
McGowan Group Asset Management, Inc. RIA/Wealth	Spencer Dean Mcgowan President	2.20% $15.3M	0.49% 792.5K shares	Q4 2020 Held for 4y 11m	$695.1M
Bensler, LLC RIA/Wealth	Kristal Anne Mcmahan COO	2.09% $19.4M	0.63% 1.0M shares	Q4 2021 Held for 3y 11m	$929.8M
C Cornerstone Advisors, LLC Institution	Joshua Grant Bradshaw CEO	1.41% $42.7M	1.38% 2.2M shares	Q4 2023 Held for 1y 11m	$3.0B
Pointe Capital Management LLC RIA/Wealth	Jeffrey Charles Huebner Managing Partner	1.24% $2.5M	0.08% 131.2K shares	Q1 2015 Held for 10y 8m	$204.5M
SMH CAPITAL ADVISORS INC RIA/Wealth	Dwayne Alan Moyers President	1.16% $291.1K	0.01% 15.1K shares	Q4 2017 Held for 7y 11m	$25.1M
Prairie Wealth Advisors, Inc. RIA/Wealth	Brian N Kaufman President	0.99% $2.4M	0.08% 124.5K shares	Q1 2024 Held for 1y 8m	$243.7M
Fairman Group, LLC RIA/Wealth	Shawn Paul Kindt Managing Partner	0.44% $526.7K	0.02% 27.3K shares	Q2 2024 Held for 1y 5m	$120.1M
P Palogic Value Management, L.P. RIA/Wealth	Scott Aubrey Williams Partner	0.32% $748.5K	0.02% 38.8K shares	Q4 2022 Held for 2y 11m	$233.1M

Hedge Fund Spotlight

Discover hedge funds investing in CSQ

Polar Securities Inc.

Hedge Fund • Multi-Strategy

Portfolio ManagerRichard Gregory Lemaich

Portfolio Value: $3.4B
Positions: 452
Last Reported: Q3 2025

Sector Allocation

Position in Calamos Strategic Total Return

Market Value: $7.6M
Shares Held: 392.8K
Portfolio Weight: 0.23%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 PHYS Sprott Physical Gold Trust PHYS	Unknown Unknown	$282.9M	8.42%
2 VRNA Verona Pharma VRNA	Unknown Unknown	$103.5M	3.08%
3 Nvidia NVDA	Semiconductors Technology	$90.7M	2.70%

View full profile

Calamos Strategic Total Return

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Calamos Strategic Total Return

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