Total Return Securities, Inc.
US ˙ NYSE ˙ US8708751016

SecuritySWZ / Total Return Securities, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership51,524 shares
Latest Disclosed Value $ 305,537
Morgan Stanley reports 21.89% increase in ownership of SWZ / Total Return Securities, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 51,524 shares of Total Return Securities, Inc. (US:SWZ) valued at $305,537 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 42,272 shares of Total Return Securities, Inc.. This represents a change in shares of 21.89% during the quarter. The current value of the position is $301,931 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F TOTAL RETURN SECURITIES FUND COM 870875101 51,524 9,252 21.89 306 16.41 0.0000
2026-05-27 2025-12-31 13F/A-1 TOTAL RETURN SECURITIES FUND COM 870875101 42,272 -10,879 -20.47 263 -18.89 0.0000
2026-02-13 2025-12-31 13F TOTAL RETURN SECURITIES FUND COM 870875101 42,272 -10,879 263 0.0000
2026-05-27 2025-09-30 13F/A-1 TOTAL RETURN SECURITIES FUND COM 870875101 53,151 -3,284 -5.82 323 -9.52 0.0000
2025-11-14 2025-09-30 13F TOTAL RETURN SECURITIES FUND COM 870875101 53,151 -3,284 323 0.0000
2025-08-15 2025-06-30 13F TOTAL RETURN SECURITIES FUND COM 870875101 56,435 -4,025 -6.66 358 -35.91 0.0000
2025-05-15 2025-03-31 13F SWISS HELVETIA FD COM 870875101 60,460 -37,601 -38.34 557 -24.11 0.0000
2025-05-15 2024-12-31 13F/A-1 SWISS HELVETIA FD COM 870875101 98,061 -13,866 -12.39 734 -26.67 0.0001
2025-02-14 2024-12-31 13F SWISS HELVETIA FD COM 870875101 98,061 -13,866 734 0.0001
2025-05-14 2024-09-30 13F/A-2 SWISS HELVETIA FD COM 870875101 111,927 15,785 16.42 1,002 29.16 0.0001
2025-02-14 2024-09-30 13F/A-1 SWISS HELVETIA FD COM 870875101 111,927 15,785 1,002 0.0001
2024-11-14 2024-09-30 13F SWISS HELVETIA FD COM 870875101 111,927 15,785 1,002 0.0000
2025-05-14 2024-06-30 13F/A-2 SWISS HELVETIA FD COM 870875101 96,142 -2,953 -2.98 776 -1.27 0.0001
2024-10-17 2024-06-30 13F/A-1 SWISS HELVETIA FD COM 870875101 96,142 -2,953 776 0.0001
2024-08-14 2024-06-30 13F SWISS HELVETIA FD COM 870875101 96,142 -2,953 776 0.0001
2024-10-17 2024-03-31 13F/A-2 SWISS HELVETIA FD COM 870875101 99,095 5,811 6.23 786 2.75 0.0001
2024-08-16 2024-03-31 13F/A-1 SWISS HELVETIA FD COM 870875101 99,095 5,811 786 0.0000
2024-05-15 2024-03-31 13F SWISS HELVETIA FD COM 870875101 99,095 5,811 786 0.0001
2024-08-16 2023-12-31 13F/A-1 SWISS HELVETIA FD COM 870875101 93,284 -6,594 -6.60 765 0.13 0.0001
2024-02-13 2023-12-31 13F SWISS HELVETIA FD COM 870875101 93,284 -6,594 765 0.0001
2023-11-15 2023-09-30 13F SWISS HELVETIA FD COM 870875101 99,878 2,268 2.32 763 -4.86 0.0001
2023-08-14 2023-06-30 13F SWISS HELVETIA FD COM 870875101 97,610 5 0.01 802 3.62 0.0001
2023-05-15 2023-03-31 13F SWISS HELVETIA FD COM 870875101 97,605 10,233 11.71 774 17.27 0.0001
2023-02-14 2022-12-31 13F SWISS HELVETIA FD COM 870875101 87,372 29,054 49.82 661 66.67 0.0001
2022-11-14 2022-09-30 13F SWISS HELVETIA FD COM 870875101 58,318 32,809 128.62 396 97.01 0.0001
2022-10-27 2022-06-30 13F/A-1 SWISS HELVETIA FD COM 870875101 25,509 0 0.00 201 -14.47 0.0000
2022-08-15 2022-06-30 13F SWISS HELVETIA FD COM 870875101 25,509 0 201 0.0000
2022-10-27 2022-03-31 13F/A-1 SWISS HELVETIA FD COM 870875101 25,509 3,428 15.52 235 7.31 0.0000
2022-05-13 2022-03-31 13F SWISS HELVETIA FD COM 870875101 25,509 3,428 235 0.0000
2022-02-14 2021-12-31 13F SWISS HELVETIA FD COM 870875101 22,081 882 4.16 219 12.31 0.0000
2021-11-15 2021-09-30 13F SWISS HELVETIA FD COM 870875101 21,199 351 1.68 195 -3.94 0.0000
2021-08-23 2021-06-30 13F/A-1 SWISS HELVETIA FD COM 870875101 20,848 0 0.00 203 10.93 0.0000
2021-08-16 2021-06-30 13F SWISS HELVETIA FD COM 870875101 20,848 0 203 0.0000
2021-05-17 2021-03-31 13F SWISS HELVETIA FD COM 870875101 20,848 0 0.00 183 -1.61 0.0000
2021-02-16 2020-12-31 13F SWISS HELVETIA FD COM 870875101 20,848 -4,146 -16.59 186 -10.14 0.0000
2020-11-13 2020-09-30 13F SWISS HELVETIA FD COM 870875101 24,994 -6,738 -21.23 207 -16.87 0.0000
2020-08-14 2020-06-30 13F SWISS HELVETIA FD COM 870875101 31,732 -704 -2.17 249 10.67 0.0001
2020-05-26 2020-03-31 13F/A-1 SWISS HELVETIA FD COM 870875101 32,436 -600 -1.82 225 -19.06 0.0001
2020-05-15 2020-03-31 13F SWISS HELVETIA FD COM 870875101 32,436 -600 225 17.2847
2020-02-14 2019-12-31 13F SWISS HELVETIA FD COM 870875101 33,036 -849 -2.51 278 2.21 0.0001
2019-11-14 2019-09-30 13F SWISS HELVETIA FD COM 870875101 33,885 -1,039 -2.98 272 -1.45 0.0001
2019-08-14 2019-06-30 13F SWISS HELVETIA FD COM 870875101 34,924 0 0.00 276 3.76 0.0001
2019-05-15 2019-03-31 13F SWISS HELVETIA FD COM 870875101 34,924 0 0.00 266 10.37 0.0001
2019-02-14 2018-12-31 13F SWISS HELVETIA FD COM 870875101 34,924 8,501 32.17 241 7.11 0.0001
2019-04-23 2018-09-30 13F/A-2 SWISS HELVETIA FD COM 870875101 26,423 1,116 4.41 225 -28.12 0.0001
2018-11-20 2018-09-30 13F/A-1 SWISS HELVETIA FD COM 870875101 26,423 0 225 0.0001
2018-11-14 2018-09-30 13F SWISS HELVETIA FD COM 870875101 26,423 1,116 225
2019-04-23 2018-06-30 13F/A-1 SWISS HELVETIA FD COM 870875101 25,307 -750 -2.88 313 -1.88 0.0001
2018-08-14 2018-06-30 13F SWISS HELVETIA FD COM 870875101 25,307 -750 313
2019-04-23 2018-03-31 13F/A-1 SWISS HELVETIA FD COM 870875101 26,057 142 0.55 319 -3.63 0.0001
2018-05-14 2018-03-31 13F SWISS HELVETIA FD COM 870875101 26,057 142 319
2019-04-23 2017-12-31 13F/A-1 SWISS HELVETIA FD COM 870875101 25,915 861 3.44 331 3.44 0.0001
2018-02-14 2017-12-31 13F SWISS HELVETIA FD COM 870875101 25,915 861 331
2017-11-14 2017-09-30 13F SWISS HELVETIA FD COM 870875101 25,054 1,718 7.36 320 8.11 0.0001
2017-08-11 2017-06-30 13F SWISS HELVETIA FD COM 870875101 23,336 -3,551 -13.21 296 -5.13 0.0001
2017-05-22 2017-03-31 13F/A-1 SWISS HELVETIA FD COM 870875101 26,887 3,250 13.75 312 28.93 0.0001
2017-05-12 2017-03-31 13F SWISS HELVETIA FD COM 870875101 26,887 312
2017-02-22 2016-12-31 13F/A-1 SWISS HELVETIA FD COM 870875101 23,637 3,006 14.57 242 10.00 0.0001
2017-02-13 2016-12-31 13F SWISS HELVETIA FD COM 870875101 23,637 242
2016-11-10 2016-09-30 13F SWISS HELVETIA FD COM 870875101 20,631 -15,184 -42.40 220 -40.54 0.0001
2016-08-12 2016-06-30 13F SWISS HELVETIA FD COM 870875101 35,815 -4,747 -11.70 370 -10.41 0.0001
2016-05-12 2016-03-31 13F SWISS HELVETIA FD COM 870875101 40,562 -29,474 -42.08 413 -44.11 0.0002
2016-02-09 2015-12-31 13F SWISS HELVETIA FD COM 870875101 70,036 -3,898 -5.27 739 -7.97 0.0003
2016-02-08 2015-09-30 13F/A-1 SWISS HELVETIA FD COM 870875101 73,934 -10,871 -12.82 803 -19.13 0.0003
2015-11-09 2015-09-30 13F SWISS HELVETIA FD COM 870875101 73,934 803
2015-08-12 2015-06-30 13F SWISS HELVETIA FD COM 870875101 84,805 -29,204 -25.62 993 -24.49 0.0003
2015-05-14 2015-03-31 13F SWISS HELVETIA FD COM 870875101 114,009 15,588 15.84 1,315 19.87 0.0005
2015-02-13 2014-12-31 13F SWISS HELVETIA FD COM 870875101 98,421 6,481 7.05 1,097 -11.82 0.0004
2014-12-16 2014-09-30 13F/A-1 SWISS HELVETIA FD COM 870875101 91,940 25,494 38.37 1,244 30.26 0.0005
2014-11-14 2014-09-30 13F SWISS HELVETIA FD COM 870875101 91,940 1,244
2014-05-13 2014-03-31 13F SWISS HELVETIA FD COM 870875101 66,446 22,488 51.16 955 55.79 0.0004
2014-02-13 2013-12-31 13F SWISS HELVETIA FD COM 870875101 43,958 -3,633 -7.63 613 -9.45 0.0003
2013-11-13 2013-09-30 13F SWISS HELVETIA FD INC COM S COM 870875101 47,591 1,008 2.16 677 17.94 0.0003
2013-08-08 2013-06-30 13F SWISS HELVETIA FD INC COM S COM 870875101 46,583 46,583 574 0.0003
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.