Karpus Management, Inc.
- SEC CIK
- 0001048703
- Latest filing
- Aug 14, 2026
Holdings in Q3 2025
Holdings as of Sep 30, 2025, filed Nov 14, 2025. Long positions only; changes compare share counts with Q2 2025.
- Positions
- 204
- +5 vs. Q2 2025
- Portfolio value
- $3.16B
- +$56.4M (+1.8%) vs. Q2 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF922908363 | ETF | 443,512 | $271.6M | 8.6% | −13,490−3.0% | Reduced | – |
| Vanguard BD Index FDS921937793 | LONG TERM BOND | 1,625,433 | $115.2M | 3.6% | +694,179+74.5% | Added | – |
| BTTBlackRock Municipal 2030 Target Term Trust | COM SHS BEN IN | 4,407,881 | $99.0M | 3.1% | +820,002+22.9% | Added | History |
| NRKNuveen New York Amt-Free Quality Municipal Income Fund | COM | 8,699,281 | $88.7M | 2.8% | −5,788,715−40.0% | Reduced | History |
| MHDBlackRock Muniholdings Fund, Inc. | COM | 7,157,298 | $84.1M | 2.7% | −26,757−0.4% | Reduced | History |
| Vanguard Morningstar Small-Cap ETF922908751 | ETF | 329,883 | $83.9M | 2.7% | +4,905+1.5% | Added | – |
| iShares Core S&P 500 ETF464287200 | ETF | 124,938 | $83.6M | 2.6% | −3,022−2.4% | Reduced | – |
| FINSAngel Oak Financial Strategies Income Term Trust | COM BEN INT | 5,313,982 | $69.7M | 2.2% | −217,353−3.9% | Reduced | History |
| Vanguard Ftse Emerging Markets ETF922042858 | ETF | 1,239,543 | $67.2M | 2.1% | +16,371+1.3% | Added | – |
| WIAWestern Asset Inflation-Linked Income Fund | COM SH BEN INT | 7,846,936 | $66.1M | 2.1% | −230,342−2.9% | Reduced | History |
| AA Mission Acquisition Corp.G1000R101 | ORD SHS CL A | 5,815,100 | $61.2M | 1.9% | −187,384−3.1% | Reduced | – |
| MVFBlackRock Munivest Fund, Inc. | COM | 8,343,979 | $57.2M | 1.8% | −730,257−8.0% | Reduced | History |
| EIMEaton Vance Municipal Bond Fund | COM | 5,595,362 | $55.6M | 1.8% | −1,699,593−23.3% | Reduced | History |
| Vanguard Ftse All-World Ex-US Index Fund922042775 | ETF | 742,033 | $53.0M | 1.7% | +102,639+16.1% | Added | – |
| MUCBlackRock Muniholdings California Quality Fund, Inc. | CEF | 4,758,154 | $51.6M | 1.6% | +98,928+2.1% | Added | History |
| NBXGNeuberger Next Generation Connectivity Fund Inc. | COMMON STOCK | 3,200,555 | $49.2M | 1.6% | −426,446−11.8% | Reduced | History |
| GDVGabelli Dividend & Income Trust | COM | 1,746,094 | $47.4M | 1.5% | −41,914−2.3% | Reduced | History |
| QQQXNuveen NASDAQ 100 Dynamic Overwrite Fund | COM SHS | 1,722,190 | $47.3M | 1.5% | −81,065−4.5% | Reduced | History |
| BLEBlackRock Municipal Income Trust II | COM | 4,426,402 | $46.3M | 1.5% | +138,604+3.2% | Added | History |
| BFKBlackRock Municipal Income Trust | SH BEN INT | 4,489,500 | $45.1M | 1.4% | −15,036−0.3% | Reduced | History |
| Vanguard Morningstar Total Stock Market ETF922908769 | ETF | 133,852 | $43.9M | 1.4% | −4,145−3.0% | Reduced | – |
| SPDR Series Trust78468R739 | ST NUVE TERM ETF | 896,907 | $43.2M | 1.4% | −21,593−2.4% | Reduced | – |
| iShares Tr464287440 | 7-10 YR TRSY BD | 443,638 | $42.8M | 1.4% | +129,669+41.3% | Added | – |
| Vanguard Mun BD FDS922907712 | CORE TAX EXEMPT | 533,467 | $40.1M | 1.3% | +533,467 | New | – |
| Vanguard Total Bond Market ETF921937835 | ETF | 501,916 | $37.3M | 1.2% | +149,305+42.3% | Added | – |
| MHNBlackRock Muniholdings New York Quality Fund, Inc. | COM | 3,592,742 | $36.7M | 1.2% | +1,542,172+75.2% | Added | History |
| LEGTLegato Merger Corp. III | ORD SHS | 3,373,979 | $36.2M | 1.1% | −121,125−3.5% | Reduced | History |
| Vanguard Morningstar Growth ETF922908736 | ETF | 71,803 | $34.4M | 1.1% | +4,050+6.0% | Added | – |
| Vanguard Intl Equity Index F922042866 | FTSE PACIFIC ETF | 379,616 | $33.3M | 1.1% | +30,724+8.8% | Added | – |
| iShares Core MSCI Europe ETF46434V738 | ETF | 484,802 | $33.0M | 1.0% | +9,172+1.9% | Added | – |
| iShares Tr464287622 | RUS 1000 ETF | 85,777 | $31.3M | 1.0% | +309+0.4% | Added | – |
| Vanguard Wellington FD921935870 | SHORT TRM TAX EX | 300,250 | $30.6M | 1.0% | +68,150+29.4% | Added | – |
| KTFDWS Municipal Income Trust | COM | 3,300,834 | $30.3M | 1.0% | +242,898+7.9% | Added | History |
| IBACIB Acquisition Corp. | COM SHS | 2,572,807 | $27.2M | 0.9% | −14,225−0.5% | Reduced | History |
| DMAADrugs Made In America Acquisition Corp. | ORD SHS | 2,547,667 | $26.2M | 0.8% | −196,442−7.2% | Reduced | History |
| RFAIRF Acquisition Corp II | SHS | 2,405,583 | $25.8M | 0.8% | −15,459−0.6% | Reduced | History |
| MYNBlackRock Muniyield New York Quality Fund, Inc. | COM | 2,548,110 | $25.3M | 0.8% | +550,955+27.6% | Added | History |
| GPATGP-Act III Acquisition Corp. | CL A | 2,306,816 | $24.5M | 0.8% | −32,200−1.4% | Reduced | History |
| QSEAQuartzsea Acquisition Corp | ORD SHS | 2,276,380 | $23.1M | 0.7% | −24,095−1.0% | Reduced | History |
| TAVITavia Acquisition Corp. | SHS | 2,202,502 | $22.8M | 0.7% | −112,325−4.9% | Reduced | History |
| Vanguard Intl Equity Index F922042874 | FTSE EUROPE ETF | 272,924 | $21.8M | 0.7% | −158−0.1% | Reduced | – |
| State Street Financial Select Sector SPDR ETF81369Y605 | ETF | 398,212 | $21.5M | 0.7% | −386−0.1% | Reduced | – |
| BHKBlackRock Core Bond Trust | SHS BEN INT | 1,937,109 | $19.3M | 0.6% | −49,166−2.5% | Reduced | History |
| Vanguard Information Technology ETF92204A702 | ETF | 25,502 | $19.0M | 0.6% | −128−0.5% | Reduced | – |
| SIMASIM Acquisition Corp. I | SHS CL A | 1,768,767 | $18.6M | 0.6% | −149,122−7.8% | Reduced | History |
| ASGLiberty All Star Growth Fund Inc. | COM | 3,352,438 | $18.6M | 0.6% | +67,270+2.0% | Added | History |
| Crane HBR Acquisition CorpG24979109 | CL A | 1,813,250 | $18.4M | 0.6% | −2,500−0.1% | Reduced | – |
| HDRNHadron Energy, Inc. | ORD SHS CL A | 1,703,124 | $18.0M | 0.6% | −39,000−2.2% | Reduced | History |
| BGYBlackRock Enhanced International Dividend Trust | COM BENE INTER | 3,115,150 | $17.9M | 0.6% | −383,392−11.0% | Reduced | History |
| ETOEaton Vance Tax-Advantaged Global Dividend Opportunities Fund | COM | 624,947 | $17.2M | 0.5% | −19,208−3.0% | Reduced | History |
| BOEBlackRock Enhanced Global Dividend Trust | COM | 1,484,752 | $17.2M | 0.5% | −80,561−5.1% | Reduced | History |
| TVATexas Ventures Acquisition III Corp | COM | 1,471,700 | $15.8M | 0.5% | −48,275−3.2% | Reduced | History |
| J P Morgan Exchange Traded F46641Q217 | BETABULDRS JAPAN | 229,681 | $15.2M | 0.5% | +27,430+13.6% | Added | – |
| ETWEaton Vance Tax-Managed Global Buy-Write Opportunities Fund | COM | 1,670,234 | $15.1M | 0.5% | −25,257−1.5% | Reduced | History |
| EVTEaton Vance Tax-Advantaged Dividend Income Fund | COM | 612,942 | $15.0M | 0.5% | −16,451−2.6% | Reduced | History |
| CHARCharlton Aria Acquisition Corp | ORD SHS CL A | 1,443,029 | $14.9M | 0.5% | −127,288−8.1% | Reduced | History |
| BSTBlackRock Science & Technology Trust | SHS | 361,100 | $14.9M | 0.5% | +38,117+11.8% | Added | History |
| Agriculture & Nat Sol Acq CoG0131Y100 | SHS CL A | 1,339,618 | $14.6M | 0.5% | −77,850−5.5% | Reduced | – |
| KVACFKeen Vision Acquisition Corp. | SHS | 1,235,460 | $14.2M | 0.5% | −70,275−5.4% | Reduced | History |
| EXGEaton Vance Tax-Managed Global Diversified Equity Income Fund | COM | 1,535,438 | $14.0M | 0.4% | −323,549−17.4% | Reduced | History |
| AFBAlliancebernstein National Municipal Income Fund | COM | 1,281,834 | $13.9M | 0.4% | +136,847+12.0% | Added | History |
| COPLCopley Acquisition Corp | ORD SHS CL A | 1,359,828 | $13.7M | 0.4% | +577,839+73.9% | Added | History |
| iShares Inc464286509 | MSCI CDA ETF | 269,534 | $13.6M | 0.4% | +69,935+35.0% | Added | – |
| Pacer FDS Tr69374H709 | GLOBL CASH ETF | 336,447 | $13.3M | 0.4% | +99,925+42.2% | Added | – |
| ETGEaton Vance Tax-Advantaged Global Dividend Income Fund | COM | 613,194 | $13.0M | 0.4% | −161,265−20.8% | Reduced | History |
| CHWCalamos Global Dynamic Income Fund | COM | 1,665,758 | $12.6M | 0.4% | +9,572+0.6% | Added | History |
| LPAALaunch One Acquisition Corp. | SHS CLASS A | 1,186,750 | $12.5M | 0.4% | −28,475−2.3% | Reduced | History |
| MINAberdeen Intermediate Income Fund | SH BEN INT | 4,639,674 | $12.4M | 0.4% | −469,192−9.2% | Reduced | History |
| MACIMelar Acquisition Corp. I/Cayman | SHS CL A | 1,146,655 | $12.0M | 0.4% | −125,883−9.9% | Reduced | History |
| iShares Inc464286608 | MSCI EURZONE ETF | 193,297 | $12.0M | 0.4% | +55,837+40.6% | Added | – |
| PCQPIMCO California Municipal Income Fund | COM | 1,371,202 | $12.0M | 0.4% | +1,371,202 | New | History |
| KFIIK&F Growth Acquisition Corp. II | SHS CL A | 1,146,450 | $11.7M | 0.4% | −38,975−3.3% | Reduced | History |
| CUBLionheart Holdings | SHS CL A | 1,113,175 | $11.7M | 0.4% | −6,300−0.6% | Reduced | History |
| AFJKAimei Health Technology Co., Ltd. | SHS | 1,025,794 | $11.6M | 0.4% | −35,625−3.4% | Reduced | History |
| NFJVirtus Dividend, Interest & Premium Strategy Fund | COM | 871,537 | $11.3M | 0.4% | −565,834−39.4% | Reduced | History |
| AODabrdn Total Dynamic Dividend Fund | COM SH BEN INT | 1,137,303 | $10.8M | 0.3% | −859,961−43.1% | Reduced | History |
| IPEXInflection Point Acquisition Corp. V | ORD SHS CL A | 1,024,763 | $10.5M | 0.3% | −5,523−0.5% | Reduced | History |
| CAFMorgan Stanley China A Share Fund, Inc. | COM | 606,287 | $10.1M | 0.3% | −13,600−2.2% | Reduced | History |
| TDFTempleton Dragon Fund Inc | COM | 865,720 | $10.1M | 0.3% | −37,553−4.2% | Reduced | History |
| DPGDuff & Phelps Utility & Infrastructure Fund Inc. | COM | 768,179 | $9.92M | 0.3% | −202,418−20.9% | Reduced | History |
| MEGINYLI CBRE Global Infrastructure Megatrends Term Fund | COM | 630,869 | $9.26M | 0.3% | −58,682−8.5% | Reduced | History |
| PGACPantages Capital Acquisition Corp | ORD SHS CL A | 887,400 | $9.10M | 0.3% | −145,200−14.1% | Reduced | History |
| YHNAYHN Acquisition I Ltd | SHS | 792,626 | $8.28M | 0.3% | −49,425−5.9% | Reduced | History |
| RDACRising Dragon Acquisition Corp. | SHS | 750,300 | $7.82M | 0.2% | −6,025−0.8% | Reduced | History |
| FSHPFlag Ship Acquisition Corp | ORD SHS | 738,600 | $7.80M | 0.2% | −49,225−6.2% | Reduced | History |
| iShares Tr464287861 | EUROPE ETF | 117,584 | $7.70M | 0.2% | −2,760−2.3% | Reduced | – |
| NOEMCO2 Energy Transition Corp. | COM | 737,471 | $7.49M | 0.2% | −46,050−5.9% | Reduced | History |
| ZTRVirtus Total Return Fund Inc. | COM | 1,127,163 | $7.27M | 0.2% | +3,215+0.3% | Added | History |
| iShares Inc464286772 | MSCI STH KOR ETF | 90,710 | $7.27M | 0.2% | +7,292+8.7% | Added | – |
| Voyager Acquisition CorpG93A7H104 | CL A | 671,441 | $7.05M | 0.2% | −45,884−6.4% | Reduced | – |
| PLMKPlum Acquisition Corp. IV | SHS CL A | 677,700 | $6.99M | 0.2% | −7,525−1.1% | Reduced | History |
| JOFJapan Smaller Capitalization Fund Inc | COM | 662,088 | $6.98M | 0.2% | −165,570−20.0% | Reduced | History |
| BlackRock New York Municipal Income Trust09248L106 | SH BEN INT | 683,976 | $6.92M | 0.2% | +74,258+12.2% | Added | – |
| Mountain Lake Acquisition Corp.G6301B101 | SHS CL A | 670,220 | $6.90M | 0.2% | −54,100−7.5% | Reduced | – |
| iShares Inc464286400 | MSCI BRAZIL ETF | 217,208 | $6.73M | 0.2% | +51,630+31.2% | Added | – |
| iShares Core Dividend Growth ETF46434V621 | ETF | 97,006 | $6.60M | 0.2% | +97,006 | New | – |
| TDACTranslational Development Acquisition Corp. | COM CL A | 616,775 | $6.38M | 0.2% | 00.0% | Unchanged | History |
| OYSEOyster Enterprises II Acquisition Corp | ORD SHS CL A | 619,717 | $6.21M | 0.2% | +619,717 | New | History |
| iShares Tr46429B523 | MSCI DENMARK ETF | 54,575 | $5.95M | 0.2% | +54,575 | New | – |
| SOULSoulpower Acquisition Corp. | USD CL A ORD SHS | 581,250 | $5.86M | 0.2% | −4,700−0.8% | Reduced | History |
Sold out since Q2 2025 (28)
Positions held at the end of Q2 2025 that are gone from this filing.
| Security | Class | Shares in Q2 2025 | Value in Q2 2025 | % of portfolio in Q2 2025 | History |
|---|---|---|---|---|---|
| VGMInvesco Trust for Investment Grade Municipals | COM | 1,822,741 | $17.3M | 0.6% | History |
| HNWPioneer Diversified High Income Fund, Inc. | COM | 920,566 | $11.5M | 0.4% | History |
| RENEFCartesian Growth Corp II | CLASS A ORD | 901,719 | $10.8M | 0.3% | History |
| BKHABlack Hawk Acquisition Corp | USD CL A SHS | 1,014,329 | $10.8M | 0.3% | History |
| BTXBlackRock Technology & Private Equity Term Trust | SHS BEN INT | 1,423,101 | $10.4M | 0.3% | History |
| AI Transn Acquisition CorpG01490112 | ORD SHS | 947,799 | $10.4M | 0.3% | – |
| HYACHaymaker Acquisition Corp V | CLASS A | 671,025 | $7.45M | 0.2% | History |
| Chenghe Acquisition II CoG20873108 | CL A ORD SHS | 688,967 | $7.15M | 0.2% | – |
| MIOPioneer Municipal High Income Opportunities Fund, Inc. | COMMON STOCK | 496,367 | $5.86M | 0.2% | History |
| NEANuveen AMT-Free Quality Municipal Income Fund | COM | 500,732 | $5.47M | 0.2% | History |
| IQIInvesco Quality Municipal Income Trust | COM | 453,196 | $4.25M | 0.1% | History |
| NVGNuveen AMT-Free Municipal Credit Income Fund | CEF | 235,800 | $2.81M | 0.1% | History |
| MAVPioneer Municipal High Income Advantage Fund, Inc. | COM | 299,040 | $2.48M | 0.1% | History |
| BTZBlackRock Credit Allocation Income Trust | COM | 126,780 | $1.38M | <0.1% | History |
| MHIPioneer Municipal High Income Fund, Inc. | COM SHS | 131,181 | $1.20M | <0.1% | History |
| PCKPIMCO California Municipal Income Fund II | COM | 208,395 | $1.12M | <0.1% | History |
| BDJBlackRock Enhanced Equity Dividend Trust | COM | 125,304 | $1.11M | <0.1% | History |
| CHNChina Fund, Inc. | COM | 71,172 | $1.06M | <0.1% | History |
| RMMZRiverNorth Managed Duration Municipal Income Fund II, Inc. | COM | 74,002 | $1.04M | <0.1% | History |
| NADNuveen Quality Municipal Income Fund | COM | 85,300 | $963.0K | <0.1% | History |
| iShares Trust iShares 0-1 Year Treasury Bond ETF464288679 | ETF | 6,000 | $662.5K | <0.1% | – |
| VKIInvesco Advantage Municipal Income Trust II | SH BEN INT | 69,000 | $577.5K | <0.1% | History |
| PYNPIMCO New York Municipal Income Fund III | COM | 85,987 | $450.6K | <0.1% | History |
| iShares MSCI USA Quality Factor ETF46432F339 | ETF | 2,285 | $417.7K | <0.1% | – |
| PMXPIMCO Municipal Income Fund III | COM | 59,773 | $410.0K | <0.1% | History |
| NXJNuveen New Jersey Quality Municipal Income Fund | COM | 29,020 | $329.4K | <0.1% | History |
| NZFNuveen Municipal Credit Income Fund | COM SH BEN INT | 25,203 | $300.4K | <0.1% | History |
| Willow Lane Acquisition Corp.G9675P102 | ORD SHS CL A | 22,500 | $230.2K | <0.1% | – |