<SEC-DOCUMENT>0001752724-24-018040.txt : 20240129
<SEC-HEADER>0001752724-24-018040.hdr.sgml : 20240129
<ACCEPTANCE-DATETIME>20240129131430
ACCESSION NUMBER:		0001752724-24-018040
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20231130
FILED AS OF DATE:		20240129
DATE AS OF CHANGE:		20240129
PERIOD START:           	20231130

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SRH Total Return Fund, Inc.
		CENTRAL INDEX KEY:			0000102426
		ORGANIZATION NAME:           	
		IRS NUMBER:				132729672
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-02328
		FILM NUMBER:		24572410

	BUSINESS ADDRESS:	
		STREET 1:		1700 BROADWAY
		STREET 2:		SUITE 1850
		CITY:			DENVER
		STATE:			CO
		ZIP:			80290
		BUSINESS PHONE:		7209170764

	MAIL ADDRESS:	
		STREET 1:		1700 BROADWAY
		STREET 2:		SUITE 1850
		CITY:			DENVER
		STATE:			CO
		ZIP:			80290

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BOULDER GROWTH & INCOME FUND
		DATE OF NAME CHANGE:	20020731

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	USLIFE INCOME FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
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      <regName>SRH Total Return Fund, Inc.</regName>
      <regFileNumber>811-02328</regFileNumber>
      <regCik>0000102426</regCik>
      <regLei>5493000XG0EMNJQ1SM17</regLei>
      <regStreet1>1700 Broadway Suite 1850</regStreet1>
      <regCity>Denver</regCity>
      <regStateConditional regCountry="US" regState="US-CO"/>
      <regZipOrPostalCode>80290</regZipOrPostalCode>
      <regPhone>3032264150</regPhone>
      <seriesName>SRH Total Return Fund, Inc.</seriesName>
      <seriesLei>5493000XG0EMNJQ1SM17</seriesLei>
      <repPdEnd>2023-11-30</repPdEnd>
      <repPdDate>2023-11-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totAssets>1861621652.19</totAssets>
      <totLiabs>227948889.84</totLiabs>
      <netAssets>1633672762.35</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
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      <mon3Flow redemption="319028.05000000" reinvestment="0.00000000" sales="0.00000000"/>


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        <name>Travelers Cos Inc/The</name>
        <lei>549300Y650407RU8B149</lei>
        <title>Travelers Cos Inc/The</title>
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          <ticker value="TRV"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Cohen &amp; Steers Infrastructure</name>
        <lei>T085JMDV2CFIPONRA870</lei>
        <title>Cohen &amp; Steers Infrastructure</title>
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          <ticker value="UTF"/>
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        <name>Berkshire Hathaway Inc CL B</name>
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        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>BTIG</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>The Options Clearing Corp</issuerName>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>75.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-06-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>1705395.41000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
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        <title>Johnson &amp; Johnson</title>
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        <curCd>USD</curCd>
        <valUSD>27699606.00000000</valUSD>
        <pctVal>1.695541888092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intel Corp</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp</title>
        <cusip>458140100</cusip>
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          <isin value="US4581401001"/>
          <ticker value="INTC"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53640000.00000000</valUSD>
        <pctVal>3.283399297350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cisco Systems Inc/Delaware</name>
        <lei>549300LKFJ962MZ46593</lei>
        <title>Cisco Systems Inc/Delaware</title>
        <cusip>17275R102</cusip>
        <identifiers>
          <isin value="US17275R1023"/>
          <ticker value="CSCO"/>
        </identifiers>
        <balance>1240000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>59991200.00000000</valUSD>
        <pctVal>3.672167485592</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Microsoft Corp</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>Microsoft Corp</title>
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          <ticker value="MSFT"/>
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        <curCd>USD</curCd>
        <valUSD>75782000.00000000</valUSD>
        <pctVal>4.638750289928</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>eBay Inc</name>
        <lei>OML71K8X303XQONU6T67</lei>
        <title>eBay Inc</title>
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          <ticker value="EBAY"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26656500.00000000</valUSD>
        <pctVal>1.631691524418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Caterpillar Inc</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
        <title>Caterpillar Inc</title>
        <cusip>149123101</cusip>
        <identifiers>
          <isin value="US1491231015"/>
          <ticker value="CAT"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25072000.00000000</valUSD>
        <pctVal>1.534701476196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Options Clearing Corp</name>
        <lei>549300CII6SLYGKNHA04</lei>
        <title>AXP US 01/19/24 C175</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="AXP 1 C175"/>
          <other otherDesc="OCC" value="AXP   240119C00175000"/>
        </identifiers>
        <balance>-1050.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-325500.00000000</valUSD>
        <pctVal>-0.01992443085</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>BTIG</counterpartyName>
              <counterpartyLei>549300GTG9PL6WO3EC51</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>The Options Clearing Corp</issuerName>
                <issueTitle>OTHER</issueTitle>
                <identifiers>
                  <cusip value="025816109"/>
                  <isin value="US0258161092"/>
                  <ticker value="AXP US"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>175.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-01-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>766999.93000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2023-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>SRH Total Return Fund, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Jill Kerschen</ncom:signature>
      <ncom:signerName>Jill Kerschen</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
