SRH Total Return Fund, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Joel W. Looney
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1290 Broadway Denver CO United States of America 80203
- IPO Date
- Mar 17, 1980
- CIK
- 0000102426
- Website
- boulderfunds.net
- Similar Companies
- Business
- SRH Total Return Fund, Inc. (STEW) is a non-diversified closed-end management investment company registered under the Investment Company Act of 1940 that seeks total return through a combination of income and long-term capital appreciation; the Fund employs a bottom-up, value-driven investment process to identify securities of high-quality businesses trading below estimated intrinsic value, maintaining low portfolio turnover and high flexibility to invest without limitation in equity and fixed-income securities of domestic and international companies across all market capitalizations. Core holdings as of December 2025 include Berkshire Hathaway Inc. (Class A and B, 36.5% of portfolio), JPMorgan Chase & Co. (13.7%), Enterprise Products Partners LP (4.8%), State Street Institutional US Government Money Market Fund (4.7%), Microsoft Corp. (4.4%), Cisco Systems Inc. (3.9%), Evercore Inc. (3.8%), Charles Schwab Corp. (3.0%), Cohen & Steers Infrastructure Fund Inc. (2.8%), and Travelers Cos. Inc. (2.5%), with total net assets of $2.21 billion, 25 holdings, and trading at a -21.14% discount to NAV on the New York Stock Exchange. The Fund, with an inception date of January 31, 2002 (when affiliates of sub-adviser SRH Advisors LLC assumed advisory roles), is headquartered in Denver, Colorado, managed by investment adviser Paralel Advisors LLC and sub-advised by SRH Advisors LLC (portfolio managers Joel Looney, CFP, and Jacob Hemmer, CFA), and primarily targets U.S. large-value equities while offering exposure to diversified sectors including financials, technology, consumer services, and industrials; it utilizes modest leverage through senior unsecured notes (net $224 million outstanding, asset coverage 10,416 per $1,000) and a managed quarterly distribution policy comprising net investment income, realized gains, and return of capital. Recent developments include a 21.2% increase in the quarterly distribution to $0.20 per share announced November 2025 (fifth consecutive annual rise, payable January 30, 2026), ongoing share repurchases totaling 627 thousand shares retired in the fiscal year ended November 30, 2024 at $14.83 average price (9.7 million shares since 2017 program reinstatement), portfolio adjustments such as reducing Berkshire Hathaway (BRK/B), selling NRG Energy and Johnson & Johnson positions, and initiating new stakes in Forward Air Corp., First Watch Restaurant Group Inc., Interparfums Inc., and GFL Environmental Inc., alongside strong NAV performance of 35.47% for fiscal 2024 outperforming the S&P 500's 33.89%.
STEW: Discounted Valuation Justifies A Buy
SRH Total Return Fund, Inc. Increases its Quarterly Distribution by 21.2% - Fifth Consecutive Annual Increase
SRH Total Return Fund, Inc. Section 19a Notice
STEW: Tax-Efficient Dividends At An Attractive Valuation
STEW: Better Off Just Buying Berkshire
SRH Total Return Fund, Inc. Declares Quarterly Distribution
This ‘Buffett Favorite' Dividend Is An Incredible CEF Bargain (For Now)
SRH Total Return Fund, Inc. Section 19a Notice
Miss The April Dip? This Big Dividend Still Sells For 20% Off
STEW: Closed-End Fund That Outperforms The S&P 500
2 Picks For Monthly Distributions And Participating With Activists
SRH Total Return Fund, Inc. Declares Quarterly Distribution
STEW: A Cheaper Way To Own Berkshire Hathaway
SRH Total Return Fund, Inc. Section 19a Notice
SRH Total Return Fund, Inc. Declares Quarterly Distribution
STEW: Another Distribution Bump For This Year
SRH Total Return Fund, Inc. Section 19a Notice
SPE And PFO: Two 'Buy' Opportunities Based On Attractive Discounts
STEW Update: Equity CEF With Low-Cost Fixed Leverage Continues To Perform Well
SRH Total Return Fund, Inc. Increases Its Quarterly Distribution by 20% This Is the Fourth Consecutive Annual Increase