VIRTUS TOTAL RETURN FD INC

CUSIP: 92835W107 Class: COM

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
LPL Financial LLC1,434,012$9,034
GUGGENHEIM CAPITAL LLC1,246,096$7,850
Penserra Capital Management LLC922,683$6
MORGAN STANLEY695,521$4,382
ABSOLUTE INVESTMENT ADVISERS, LLC686,219$4,313
Karpus Management, Inc.677,225$4,267
STIFEL FINANCIAL CORP672,991$4,240
CAPSTONE INVESTMENT ADVISORS, LLC370,223$2,332
Private Advisor Group, LLC337,575$2,127
Yakira Capital Management, Inc.281,673$1,775
Quarry LP265,646$1,674
BANK OF AMERICA CORP /DE/245,239$1,545
ENVESTNET ASSET MANAGEMENT INC244,527$1,541
North Ground Capital222,186$1,400
Sculptor Capital LP217,653$1,371
PARK AVENUE SECURITIES LLC216,213$1
WELLS FARGO & COMPANY/MN138,949$875
Advisors Asset Management, Inc.130,444$822
Invesco Ltd.124,894$787
STEPHENS INC /AR/115,879$730
ASHTON THOMAS SECURITIES, LLC113,500$715
J.W. COLE ADVISORS, INC.107,071$668
RAYMOND JAMES FINANCIAL INC89,078$561
WOLVERINE ASSET MANAGEMENT LLC85,717$540
CSS LLC/IL79,387$500
OSAIC HOLDINGS, INC.71,428$450
JANE STREET GROUP, LLC69,313$437
BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC68,391$431
OXFORD ASSET MANAGEMENT LLP65,945$415
ROYAL BANK OF CANADA56,031$353
Cetera Investment Advisers44,514$280
INTEGRATED CAPITAL MANAGEMENT, INC.43,477$274
COMMONWEALTH EQUITY SERVICES, LLC42,034$265
READYSTATE ASSET MANAGEMENT LP28,873$182
Kestra Advisory Services, LLC28,138$177
Beverly Hills Private Wealth, LLC26,947$170
Avise Financial Cooperative, Inc.26,864$169
MML INVESTORS SERVICES, LLC25,323$160
Stratos Wealth Advisors, LLC24,747$156
Creative Planning24,208$153
Cambridge Investment Research Advisors, Inc.20,726$0
PNC Financial Services Group, Inc.20,428$129
Shaker Financial Services, LLC19,241$121
Shulman DeMeo Asset Management LLC18,912$119
AlphaStar Capital Management, LLC17,402$110
WEDBUSH SECURITIES INC17,266$0
Dakota Wealth Management17,053$107
DECISION INVESTMENTS, INC16,100$101
Mariner, LLC13,956$88
Tactive Advisors, LLC13,895$88
Ameritas Advisory Services, LLC13,382$84
CoreCap Advisors, LLC12,705$80
TWO SIGMA SECURITIES, LLC12,399$78
Pasadena Private Wealth, LLC12,303$78
Gridiron Partners, LLC12,282$77
DOLIVER ADVISORS, LP12,250$77
Concurrent Investment Advisors, LLC12,050$76
Mascoma Wealth Management LLC11,900$75
Janney Montgomery Scott LLC11,099$0
CITADEL ADVISORS LLC10,750$68
Closed-End Fund Advisors, Inc.10,522$66
BAYBAN10,339$65
HighTower Advisors, LLC10,338$65
B. Riley Wealth Advisors, Inc.10,064$63
HRT FINANCIAL LP10,033$0
OLD POINT TRUST & FINANCIAL SERVICES N A8,000$50
CWM, LLC7,582$0
UBS Group AG5,847$37
NBC SECURITIES, INC.2,821$18
US BANCORP \DE\2,243$14
Kilter Group LLC1,966$12
Geneos Wealth Management Inc.1,145$7
Sound Income Strategies, LLC945$6
Aventura Private Wealth, LLC902$6
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO519$3
Thomas J. Herzfeld Advisors, Inc.447$3
Glen Eagle Advisors, LLC406$3
HIGHLINE WEALTH PARTNERS LLC314$2
Hilltop National Bank280$2
Physician Wealth Advisors, Inc.222$1
SJS Investment Consulting Inc.154$1
ROTHSCHILD INVESTMENT LLC145$1
Cedar Mountain Advisors, LLC125$1
MTM Investment Management, LLC124$1
Key Financial Inc71$0
CHELSEA COUNSEL CO65$0
Westside Investment Management, Inc.62$0
JNBA Financial Advisors38$0
FMR LLC1$0
CITIGROUP INC1$0
MAI Capital Management1$0
Total (91 institutions)10,748,655$60,112