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Livermore
Livermore
ZHEN

Karpus Management, Inc.

SEC CIK
0001048703
Latest filing
Aug 14, 2026

Holdings in Q4 2024

Holdings as of Dec 31, 2024, filed Feb 14, 2025. Long positions only; changes compare share counts with Q3 2024.

Institution overview
Positions
205
−15 vs. Q3 2024
Portfolio value
$3.38B
−$217.9M (−6.1%) vs. Q3 2024
Filed
Feb 14, 2025
SEC
Holdings of Karpus Management, Inc. in Q4 2024
SecurityClassSharesValue% of portfolioShare changeActionHistory
Vanguard S&P 500 ETF922908363ETF467,068$251.7M7.4%+6,240+1.4%Added–
NRKNuveen New York Amt-Free Quality Municipal Income FundCOM19,253,006$201.4M6.0%−792,525−4.0%ReducedHistory
MUIBlackRock Municipal Credit Alpha Portfolio, Inc.COM10,563,515$128.0M3.8%−6,966,067−39.7%ReducedHistory
NEANuveen AMT-Free Quality Municipal Income FundCOM10,748,433$121.2M3.6%−4,083,970−27.5%ReducedHistory
MHDBlackRock Muniholdings Fund, Inc.COM7,494,174$87.5M2.6%+187,782+2.6%AddedHistory
iShares Core S&P 500 ETF464287200ETF144,298$84.9M2.5%−6,265−4.2%Reduced–
EIMEaton Vance Municipal Bond FundCOM7,785,683$80.7M2.4%−544,564−6.5%ReducedHistory
MVFBlackRock Munivest Fund, Inc.COM11,299,248$79.5M2.4%−640,239−5.4%ReducedHistory
Vanguard Morningstar Small-Cap ETF922908751ETF326,493$78.4M2.3%+252+0.1%Added–
NADNuveen Quality Municipal Income FundCOM5,878,998$68.5M2.0%−2,851,823−32.7%ReducedHistory
WIAWestern Asset Inflation-Linked Income FundCOM SH BEN INT7,743,070$61.9M1.8%+93,722+1.2%AddedHistory
AA Mission Acquisition Corp.G1000R101ORD SHS CL A6,000,453$60.6M1.8%+4,167,428+227.4%Added–
BTTBlackRock Municipal 2030 Target Term TrustCOM SHS BEN IN2,813,280$57.9M1.7%+231,758+9.0%AddedHistory
Vanguard Ftse Emerging Markets ETF922042858ETF1,223,913$53.9M1.6%+14,640+1.2%Added–
QQQXNuveen NASDAQ 100 Dynamic Overwrite FundCOM SHS1,842,824$49.8M1.5%+102,072+5.9%AddedHistory
MUCBlackRock Muniholdings California Quality Fund, Inc.CEF4,596,881$48.9M1.4%+962,774+26.5%AddedHistory
NBXGNeuberger Next Generation Connectivity Fund Inc.COMMON STOCK3,808,155$48.5M1.4%−56,473−1.5%ReducedHistory
FINSAngel Oak Financial Strategies Income Term TrustCOM BEN INT3,771,451$47.9M1.4%−563,605−13.0%ReducedHistory
BFKBlackRock Municipal Income TrustSH BEN INT4,343,600$42.8M1.3%+856,429+24.6%AddedHistory
GDVGabelli Dividend & Income TrustCOM1,743,555$42.1M1.2%−23,823−1.3%ReducedHistory
Vanguard Morningstar Total Stock Market ETF922908769ETF143,943$41.7M1.2%−1,760−1.2%Reduced–
BLEBlackRock Municipal Income Trust IICOM3,898,475$41.0M1.2%+912,921+30.6%AddedHistory
iShares Tr4642874407-10 YR TRSY BD416,176$38.5M1.1%+223,776+116.3%Added–
LEGTLegato Merger Corp. IIIORD SHS3,731,585$38.4M1.1%+289,094+8.4%AddedHistory
Vanguard Total Bond Market ETF921937835ETF516,741$37.2M1.1%+376,681+268.9%Added–
GPATGP-Act III Acquisition Corp.CL A3,641,464$36.9M1.1%+647,275+21.6%AddedHistory
VGMInvesco Trust for Investment Grade MunicipalsCOM3,431,315$34.7M1.0%+603,587+21.3%AddedHistory
Kodiak AI, Inc.G33033104SHS CLASS A2,948,054$32.4M1.0%−22,263−0.7%Reduced–
NETDNabors Energy Transition Corp. IICL A2,967,944$32.1M0.9%−32,371−1.1%ReducedHistory
NACNuveen California Quality Municipal Income FundCOM2,765,927$31.2M0.9%−483,893−14.9%ReducedHistory
BGYBlackRock Enhanced International Dividend TrustCOM BENE INTER5,181,184$27.5M0.8%−394,884−7.1%ReducedHistory
Vanguard Morningstar Growth ETF922908736ETF65,646$26.9M0.8%+18,590+39.5%Added–
IBACIB Acquisition Corp.COM SHS2,630,907$26.6M0.8%−10,575−0.4%ReducedHistory
SPDR Series Trust78468R739ST NUVE TERM ETF552,763$26.2M0.8%+205,845+59.3%Added–
RFAIRF Acquisition Corp IISHS2,491,891$25.5M0.8%−18,400−0.7%ReducedHistory
VKQInvesco Municipal TrustCOM2,525,392$24.8M0.7%+347,483+16.0%AddedHistory
BOEBlackRock Enhanced Global Dividend TrustCOM2,222,999$23.9M0.7%−251,954−10.2%ReducedHistory
iShares Core MSCI Europe ETF46434V738ETF440,012$23.8M0.7%+243,684+124.1%Added–
ETGEaton Vance Tax-Advantaged Global Dividend Income FundCOM1,282,618$23.4M0.7%−30,462−2.3%ReducedHistory
Vanguard Intl Equity Index F922042866FTSE PACIFIC ETF327,272$23.2M0.7%+9,046+2.8%Added–
EXGEaton Vance Tax-Managed Global Diversified Equity Income FundCOM2,711,727$22.2M0.7%+6180.0%AddedHistory
MINAberdeen Intermediate Income FundSH BEN INT8,221,061$21.9M0.6%−609,062−6.9%ReducedHistory
KTFDWS Municipal Income TrustCOM2,224,878$21.0M0.6%−100,971−4.3%ReducedHistory
NFJVirtus Dividend, Interest & Premium Strategy FundCOM1,651,461$20.9M0.6%−583,107−26.1%ReducedHistory
SIMASIM Acquisition Corp. ISHS CL A1,935,801$19.4M0.6%+593,851+44.3%AddedHistory
ASGLiberty All Star Growth Fund Inc.COM3,373,187$19.1M0.6%−1,6830.0%ReducedHistory
BSTZBlackRock Science & Technology Term TrustSHS BEN INT917,789$19.0M0.6%−330,354−26.5%ReducedHistory
AODabrdn Total Dynamic Dividend FundCOM SH BEN INT2,257,128$19.0M0.6%−210,798−8.5%ReducedHistory
Vanguard Intl Equity Index F922042874FTSE EUROPE ETF285,183$18.1M0.5%+7,899+2.8%Added–
HDRNHadron Energy, Inc.ORD SHS CL A1,764,024$17.6M0.5%+944,074+115.1%AddedHistory
ETOEaton Vance Tax-Advantaged Global Dividend Opportunities FundCOM695,488$17.6M0.5%−11,367−1.6%ReducedHistory
Vanguard Information Technology ETF92204A702ETF26,899$16.7M0.5%−2,430−8.3%Reduced–
BMEZBlackRock Health Sciences Term TrustCOM SHS1,143,213$16.5M0.5%−317,462−21.7%ReducedHistory
MHNBlackRock Muniholdings New York Quality Fund, Inc.COM1,551,861$16.0M0.5%+579,141+59.5%AddedHistory
EVTEaton Vance Tax-Advantaged Dividend Income FundCOM661,774$15.9M0.5%+10,507+1.6%AddedHistory
ALFCenturion Acquisition Corp.SHS CL A1,568,085$15.8M0.5%−33,900−2.1%ReducedHistory
INSIInsight Select Income FundCOM909,044$15.8M0.5%−112,701−11.0%ReducedHistory
MYNBlackRock Muniyield New York Quality Fund, Inc.COM1,553,052$15.7M0.5%+503,876+48.0%AddedHistory
ETWEaton Vance Tax-Managed Global Buy-Write Opportunities FundCOM1,826,330$15.4M0.5%−67,886−3.6%ReducedHistory
MACIMelar Acquisition Corp. I/CaymanSHS CL A1,510,416$15.2M0.5%+80,805+5.7%AddedHistory
CUBLionheart HoldingsSHS CL A1,492,250$15.1M0.4%+87,700+6.2%AddedHistory
KVACFKeen Vision Acquisition Corp.SHS1,368,485$15.0M0.4%−4,100−0.3%ReducedHistory
DMFBNY Mellon Municipal Income, Inc.COM2,074,697$14.7M0.4%+1,110,059+115.1%AddedHistory
CHARCharlton Aria Acquisition CorpORD SHS CL A1,422,228$14.2M0.4%+1,422,228NewHistory
ECATBlackRock ESG Capital Allocation Term TrustSHS BEN INT852,577$14.0M0.4%−556,830−39.5%ReducedHistory
Agriculture & Nat Sol Acq CoG0131Y100SHS CL A1,294,581$13.6M0.4%−3,469−0.3%Reduced–
IQIInvesco Quality Municipal Income TrustCOM1,350,553$13.3M0.4%−509,137−27.4%ReducedHistory
HYACHaymaker Acquisition Corp VCLASS A1,216,100$13.1M0.4%−27,350−2.2%ReducedHistory
IMSRTerrestrial Energy Inc.SHS CL A1,293,947$13.0M0.4%+1,293,947NewHistory
LPAALaunch One Acquisition Corp.SHS CLASS A1,288,650$13.0M0.4%+404,350+45.7%AddedHistory
DPGDuff & Phelps Utility & Infrastructure Fund Inc.COM1,073,251$12.5M0.4%+112,421+11.7%AddedHistory
IGDVoya GLOBAL EQUITY DIVIDEND & PREMIUM OPPORTUNITY FUNDCOM2,269,170$12.3M0.4%−70,355−3.0%ReducedHistory
SPKLSpark I Acquisition CorpORD SHS1,154,375$12.3M0.4%−1,225−0.1%ReducedHistory
HNWPioneer Diversified High Income Fund, Inc.COM1,008,466$11.9M0.4%−112,699−10.1%ReducedHistory
AFJKAimei Health Technology Co., Ltd.SHS1,097,552$11.7M0.3%−5,750−0.5%ReducedHistory
VMOInvesco Municipal Opportunity TrustCOM1,200,132$11.7M0.3%+50,506+4.4%AddedHistory
Vanguard Ftse All-World Ex-US Index Fund922042775ETF198,928$11.4M0.3%+116,716+142.0%Added–
BTXBlackRock Technology & Private Equity Term TrustSHS BEN INT1,515,756$11.3M0.3%−314,919−17.2%ReducedHistory
BKHABlack Hawk Acquisition CorpUSD CL A SHS1,075,029$11.2M0.3%−3500.0%ReducedHistory
RENEFCartesian Growth Corp IICLASS A ORD955,359$11.1M0.3%−5,825−0.6%ReducedHistory
Global Lights Acquisition CoG3937F101ORD SHS1,018,810$10.9M0.3%−7,400−0.7%Reduced–
AI Transn Acquisition CorpG01490112ORD SHS987,374$10.6M0.3%−700−0.1%Reduced–
J P Morgan Exchange Traded F46641Q217BETABULDRS JAPAN193,369$10.6M0.3%+364+0.2%Added–
ZTRVirtus Total Return Fund Inc.COM1,688,597$9.90M0.3%+97,712+6.1%AddedHistory
State Street Financial Select Sector SPDR ETF81369Y605ETF203,075$9.81M0.3%+203,075New–
MEGINYLI CBRE Global Infrastructure Megatrends Term FundCOM801,311$9.75M0.3%−9,703−1.2%ReducedHistory
BSTBlackRock Science & Technology TrustSHS259,423$9.48M0.3%+135,891+110.0%AddedHistory
Vanguard BD Index FDS921937793LONG TERM BOND135,874$9.30M0.3%+110,546+436.5%Added–
FSHPFlag Ship Acquisition CorpORD SHS900,221$9.15M0.3%+89,271+11.0%AddedHistory
TAVITavia Acquisition Corp.SHS915,000$9.07M0.3%+915,000NewHistory
iShares MSCI USA Quality Factor ETF46432F339ETF49,327$8.78M0.3%−63,082−56.1%Reduced–
YHNAYHN Acquisition I LtdSHS865,697$8.71M0.3%+865,697NewHistory
Chenghe Acquisition II CoG20873108CL A ORD SHS829,267$8.39M0.2%−67,075−7.5%Reduced–
iShares Tr464287861EUROPE ETF154,769$8.06M0.2%−6,081−3.8%Reduced–
JOFJapan Smaller Capitalization Fund IncCOM1,042,058$7.99M0.2%−17,470−1.6%ReducedHistory
TDFTempleton Dragon Fund IncCOM933,437$7.92M0.2%+1,511+0.2%AddedHistory
Voyager Acquisition CorpG93A7H104CL A782,350$7.85M0.2%+571,800+271.6%Added–
CAFMorgan Stanley China A Share Fund, Inc.COM623,852$7.77M0.2%−47,237−7.0%ReducedHistory
EURKEureka Acquisition CorpSHS CL A741,250$7.53M0.2%−4,000−0.5%ReducedHistory
STEWSRH Total Return Fund, Inc.COM444,244$7.12M0.2%+241,665+119.3%AddedHistory

Sold out since Q3 2024 (32)

Positions held at the end of Q3 2024 that are gone from this filing.

Positions of Karpus Management, Inc. sold out since Q3 2024
SecurityClassShares in Q3 2024Value in Q3 2024% of portfolio in Q3 2024History
IGIWestern Asset Investment Grade Opportunity Trust Inc.COM582,641$10.5M0.3%History
USARUSA Rare Earth, Inc.CL A ORD SHS776,098$8.34M0.2%History
TMTCTMT Acquisition Corp.SHS703,677$7.91M0.2%History
OCAXOCA Acquisition Corp.COM CL A688,832$7.71M0.2%History
ACACAcri Capital Acquisition CorpCOM CL A637,750$7.39M0.2%History
ESH Acquisition Corp.296424104COM569,805$6.05M0.2%–
CNDAConcord Acquisition Corp IICOM CL A576,973$6.00M0.2%History
FRLAFortune Rise Acquisition CorpCL A516,599$5.88M0.2%History
SVIISpring Valley Acquisition Corp. IICLASS A ORD479,905$5.39M0.1%History
Burtech Acquisition Corp123013104CLASS A COM435,885$4.92M0.1%–
MITAColiseum Acquisition Corp.CLASS A ORD SHS360,710$4.00M0.1%History
Globalink Invt Inc37892F109COM349,316$3.96M0.1%–
BOWNBowen Acquisition CorpSHS327,740$3.52M0.1%History
Distoken Acquisition CorpG27740110ORDINARY SHARES320,203$3.48M0.1%–
NANNuveen New York Quality Municipal Income FundCOM269,531$3.18M0.1%History
BCATBlackRock Capital Allocation Term TrustCOM145,162$2.39M0.1%History
Generation Asia I AcquisitioG38258102CL A ORD SHS194,820$2.18M0.1%–
ROCLRoth CH Acquisition V Co.COM171,335$1.92M0.1%History
BKTBlackRock Income Trust, Inc.COM NEW143,865$1.79M<0.1%History
PAIWestern Asset Investment Grade Income Fund Inc.COM138,890$1.79M<0.1%History
NFYSEnphys Acquisition Corp.CL A ORD SHS57,225$632.3K<0.1%History
DEVSFDevvStream Corp.CLASS A COM52,400$587.9K<0.1%History
SLAMSlam Corp.CL A SHS41,492$462.2K<0.1%History
APXIAPx Acquisition Corp. ICLASS A ORD SHS27,500$320.9K<0.1%History
ZLSZalatoris II Acquisition CorpCLASS A ORD27,500$298.4K<0.1%History
AMGNAmgen IncStock680$219.1K<0.1%History
CETCentral Securities CorpCOM4,709$215.9K<0.1%History
ABBVAbbVie Inc.Stock1,050$207.4K<0.1%History
MXFMexico Fund IncCOM12,912$194.8K<0.1%History
RMTRoyce Micro-Cap Trust, Inc.COM17,812$171.2K<0.1%History
ACPabrdn Income Credit Strategies FundCOM16,900$111.9K<0.1%History
WIWWestern Asset Inflation-Linked Opportunities & Income FundCEF12,500$110.5K<0.1%History