Latest filing published 29 Sept 2026 for Total Return Securities Fund, €39k. Read the official filing
Across 23 buy signals with a settled T+90 return. Return basis: close on the day after publication.
Andrew Dakos (chief executive) discloses dealings in 4 companies, chiefly Total Return Securities Fund, Special Opportunities Fund, Inc. and High Income Securities Fund. In total, 51 filings cover trades dated from 3 February 2016 to 28 September 2026.
Market trades split into 31 purchases (€573k) and 7 sales (€386k). No amount is published for 1 filing, which the totals therefore leave out. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Outside the open market, there are 5 share grants and 5 option exercises. In 2026 alone, the filings show 28 purchases and 3 sales.
Half of the purchases are above €18k and half below. Measured against the company's value, the median purchase equals 0.0000% of market capitalisation, across 10 purchases where it is known. On 19 out of 31 purchases, another insider of the same company was buying within the same 30 days. A cluster is several different insiders buying the same stock within a short window, a pattern studied more closely than a single purchase.
On 29 September 2026 came the latest disclosure, an open-market purchase for €5,058 in Total Return Securities Fund. The median gap between a trade and its publication by SEC (Form 4) is 2 days. Section 16 rules allow two business days to file each Form 4. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
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25 of 51 declarations