It does not look like a swastika at all. Firstly, the spiral "arms" are 8, not four. The rotation is not that of a swastika, nor is there any right angle junctions.
The shape suggests a camera aperture in mid "click", that is the only immediate impression. And it is conveyed well.
The top row, the left most grey and the top row watermark are my favorites, but the top row rightmost is also excellent.
Moving the initials off center, as in the last one on row three, breaks the centrality. To me that one looks most like an iris (or the gun barrel in the James Bond intro) and least like a swastika.
The shape suggests a camera aperture in mid "click", that is the only immediate impression. And it is conveyed well.
The top row, the left most grey and the top row watermark are my favorites, but the top row rightmost is also excellent.