Karpus Management, Inc.
- SEC CIK
- 0001048703
- Latest filing
- Aug 14, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 17, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 214
- +10 vs. Q3 2025
- Portfolio value
- $3.26B
- +$98.6M (+3.1%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF922908363 | ETF | 422,908 | $265.2M | 8.1% | −20,604−4.6% | Reduced | – |
| Vanguard BD Index FDS921937793 | LONG TERM BOND | 1,964,668 | $136.6M | 4.2% | +339,235+20.9% | Added | – |
| BTTBlackRock Municipal 2030 Target Term Trust | COM SHS BEN IN | 4,618,725 | $105.4M | 3.2% | +210,844+4.8% | Added | History |
| MHDBlackRock Muniholdings Fund, Inc. | COM | 8,490,550 | $99.7M | 3.1% | +1,333,252+18.6% | Added | History |
| Vanguard Morningstar Small-Cap ETF922908751 | ETF | 334,706 | $86.3M | 2.7% | +4,823+1.5% | Added | – |
| iShares Core S&P 500 ETF464287200 | ETF | 105,868 | $72.5M | 2.2% | −19,070−15.3% | Reduced | – |
| Vanguard Ftse Emerging Markets ETF922042858 | ETF | 1,294,118 | $69.6M | 2.1% | +54,575+4.4% | Added | – |
| FINSAngel Oak Financial Strategies Income Term Trust | COM BEN INT | 5,151,041 | $68.0M | 2.1% | −162,941−3.1% | Reduced | History |
| Vanguard Ftse All-World Ex-US Index Fund922042775 | ETF | 923,254 | $67.9M | 2.1% | +181,221+24.4% | Added | – |
| WIAWestern Asset Inflation-Linked Income Fund | COM SH BEN INT | 8,143,596 | $67.3M | 2.1% | +296,660+3.8% | Added | History |
| AA Mission Acquisition Corp.G1000R101 | ORD SHS CL A | 5,717,512 | $61.0M | 1.9% | −97,588−1.7% | Reduced | – |
| MVFBlackRock Munivest Fund, Inc. | COM | 8,350,955 | $57.9M | 1.8% | +6,976+0.1% | Added | History |
| MUCBlackRock Muniholdings California Quality Fund, Inc. | CEF | 5,389,509 | $57.1M | 1.8% | +631,355+13.3% | Added | History |
| BLEBlackRock Municipal Income Trust II | COM | 4,897,546 | $51.1M | 1.6% | +471,144+10.6% | Added | History |
| BFKBlackRock Municipal Income Trust | SH BEN INT | 4,953,591 | $49.7M | 1.5% | +464,091+10.3% | Added | History |
| Vanguard Total Bond Market ETF921937835 | ETF | 665,035 | $49.3M | 1.5% | +163,119+32.5% | Added | – |
| QQQXNuveen NASDAQ 100 Dynamic Overwrite Fund | COM SHS | 1,670,779 | $47.7M | 1.5% | −51,411−3.0% | Reduced | History |
| GDVGabelli Dividend & Income Trust | COM | 1,651,516 | $45.9M | 1.4% | −94,578−5.4% | Reduced | History |
| iShares Tr464287440 | 7-10 YR TRSY BD | 476,221 | $45.8M | 1.4% | +32,583+7.3% | Added | – |
| NBXGNeuberger Next Generation Connectivity Fund Inc. | COMMON STOCK | 3,075,844 | $44.4M | 1.4% | −124,711−3.9% | Reduced | History |
| Vanguard Mun BD FDS922907712 | CORE TAX EXEMPT | 554,144 | $41.9M | 1.3% | +20,677+3.9% | Added | – |
| MHNBlackRock Muniholdings New York Quality Fund, Inc. | COM | 3,663,762 | $37.5M | 1.2% | +71,020+2.0% | Added | History |
| LEGTLegato Merger Corp. III | ORD SHS | 3,333,541 | $36.3M | 1.1% | −40,438−1.2% | Reduced | History |
| NRKNuveen New York Amt-Free Quality Municipal Income Fund | COM | 3,536,744 | $35.7M | 1.1% | −5,162,537−59.3% | Reduced | History |
| Vanguard Morningstar Growth ETF922908736 | ETF | 72,958 | $35.6M | 1.1% | +1,155+1.6% | Added | – |
| iShares Core MSCI Europe ETF46434V738 | ETF | 488,052 | $34.6M | 1.1% | +3,250+0.7% | Added | – |
| Vanguard Intl Equity Index F922042866 | FTSE PACIFIC ETF | 379,849 | $34.3M | 1.1% | +233+0.1% | Added | – |
| EIMEaton Vance Municipal Bond Fund | COM | 3,506,586 | $34.1M | 1.0% | −2,088,776−37.3% | Reduced | History |
| KTFDWS Municipal Income Trust | COM | 3,715,549 | $33.8M | 1.0% | +414,715+12.6% | Added | History |
| iShares Tr464287622 | RUS 1000 ETF | 84,998 | $31.7M | 1.0% | −779−0.9% | Reduced | – |
| Vanguard Morningstar Total Stock Market ETF922908769 | ETF | 94,356 | $31.6M | 1.0% | −39,496−29.5% | Reduced | – |
| Vanguard Wellington FD921935870 | SHORT TRM TAX EX | 262,800 | $26.7M | 0.8% | −37,450−12.5% | Reduced | – |
| DMAADrugs Made In America Acquisition Corp. | ORD SHS | 2,538,642 | $26.3M | 0.8% | −9,025−0.4% | Reduced | History |
| CSQCalamos Strategic Total Return Fund | COM SH BEN INT | 1,345,804 | $25.8M | 0.8% | +1,193,130+781.5% | Added | History |
| RFAIRF Acquisition Corp II | SHS | 2,397,033 | $25.7M | 0.8% | −8,550−0.4% | Reduced | History |
| GPATGP-Act III Acquisition Corp. | CL A | 2,331,866 | $24.9M | 0.8% | +25,050+1.1% | Added | History |
| MYNBlackRock Muniyield New York Quality Fund, Inc. | COM | 2,455,847 | $24.3M | 0.7% | −92,263−3.6% | Reduced | History |
| QSEAQuartzsea Acquisition Corp | ORD SHS | 2,263,880 | $23.2M | 0.7% | −12,500−0.5% | Reduced | History |
| Vanguard Intl Equity Index F922042874 | FTSE EUROPE ETF | 275,400 | $23.0M | 0.7% | +2,476+0.9% | Added | – |
| TAVITavia Acquisition Corp. | SHS | 2,193,702 | $22.9M | 0.7% | −8,800−0.4% | Reduced | History |
| BSTBlackRock Science & Technology Trust | SHS | 543,547 | $22.0M | 0.7% | +182,447+50.5% | Added | History |
| State Street Financial Select Sector SPDR ETF81369Y605 | ETF | 399,770 | $21.9M | 0.7% | +1,558+0.4% | Added | – |
| BKTBlackRock Income Trust, Inc. | COM NEW | 1,861,660 | $20.6M | 0.6% | +1,570,295+538.9% | Added | History |
| SPDR Series Trust78468R739 | ST NUVE TERM ETF | 398,706 | $19.1M | 0.6% | −498,201−55.5% | Reduced | – |
| Agriculture & Nat Sol Acq CoG0131Y100 | SHS CL A | 1,685,893 | $18.9M | 0.6% | +346,275+25.8% | Added | – |
| Vanguard Information Technology ETF92204A702 | ETF | 24,977 | $18.8M | 0.6% | −525−2.1% | Reduced | – |
| ASGLiberty All Star Growth Fund Inc. | COM | 3,517,079 | $18.6M | 0.6% | +164,641+4.9% | Added | History |
| ETOEaton Vance Tax-Advantaged Global Dividend Opportunities Fund | COM | 612,728 | $18.6M | 0.6% | −12,219−2.0% | Reduced | History |
| SIMASIM Acquisition Corp. I | SHS CL A | 1,735,497 | $18.4M | 0.6% | −33,270−1.9% | Reduced | History |
| BHKBlackRock Core Bond Trust | SHS BEN INT | 1,883,365 | $18.1M | 0.6% | −53,744−2.8% | Reduced | History |
| LKSPLake Superior Acquisition Corp | USD CL A ORD SHS | 1,782,358 | $17.7M | 0.5% | +1,782,358 | New | History |
| BlackRock New York Municipal Income Trust09248L106 | SH BEN INT | 1,653,365 | $16.8M | 0.5% | +969,389+141.7% | Added | – |
| AFBAlliancebernstein National Municipal Income Fund | COM | 1,539,698 | $16.7M | 0.5% | +257,864+20.1% | Added | History |
| COPLCopley Acquisition Corp | ORD SHS CL A | 1,535,003 | $15.7M | 0.5% | +175,175+12.9% | Added | History |
| iShares Inc464286509 | MSCI CDA ETF | 286,858 | $15.5M | 0.5% | +17,324+6.4% | Added | – |
| ETWEaton Vance Tax-Managed Global Buy-Write Opportunities Fund | COM | 1,635,014 | $15.1M | 0.5% | −35,220−2.1% | Reduced | History |
| J P Morgan Exchange Traded F46641Q217 | BETABULDRS JAPAN | 226,543 | $14.9M | 0.5% | −3,138−1.4% | Reduced | – |
| CHARCharlton Aria Acquisition Corp | ORD SHS CL A | 1,423,967 | $14.9M | 0.5% | −19,062−1.3% | Reduced | History |
| BGYBlackRock Enhanced International Dividend Trust | COM BENE INTER | 2,513,036 | $14.8M | 0.5% | −602,114−19.3% | Reduced | History |
| Pacer FDS Tr69374H709 | GLOBL CASH ETF | 353,352 | $14.6M | 0.4% | +16,905+5.0% | Added | – |
| CHWCalamos Global Dynamic Income Fund | COM | 1,941,888 | $14.4M | 0.4% | +276,130+16.6% | Added | History |
| KVACFKeen Vision Acquisition Corp. | SHS | 1,224,460 | $14.4M | 0.4% | −11,000−0.9% | Reduced | History |
| BOEBlackRock Enhanced Global Dividend Trust | COM | 1,222,780 | $14.3M | 0.4% | −261,972−17.6% | Reduced | History |
| EXGEaton Vance Tax-Managed Global Diversified Equity Income Fund | COM | 1,467,837 | $14.0M | 0.4% | −67,601−4.4% | Reduced | History |
| KFIIK&F Growth Acquisition Corp. II | SHS CL A | 1,328,387 | $13.7M | 0.4% | +181,937+15.9% | Added | History |
| PCQPIMCO California Municipal Income Fund | COM | 1,554,343 | $13.6M | 0.4% | +183,141+13.4% | Added | History |
| iShares Inc464286608 | MSCI EURZONE ETF | 210,019 | $13.5M | 0.4% | +16,722+8.7% | Added | – |
| AIIAAI Infrastructure Acquisition Corp. | ORD SHS CL A | 1,241,923 | $12.3M | 0.4% | +1,241,923 | New | History |
| MKLYMcKinley Acquisition Corp | SHS CL A | 1,226,785 | $12.2M | 0.4% | +1,226,785 | New | History |
| MACIMelar Acquisition Corp. I/Cayman | SHS CL A | 1,145,155 | $12.2M | 0.4% | −1,500−0.1% | Reduced | History |
| LPAALaunch One Acquisition Corp. | SHS CLASS A | 1,115,800 | $11.8M | 0.4% | −70,950−6.0% | Reduced | History |
| USALiberty All Star Equity Fund | SH BEN INT | 1,830,510 | $11.5M | 0.4% | +1,830,510 | New | History |
| MINAberdeen Intermediate Income Fund | SH BEN INT | 4,385,724 | $11.4M | 0.4% | −253,950−5.5% | Reduced | History |
| CUBLionheart Holdings | SHS CL A | 1,076,675 | $11.4M | 0.4% | −36,500−3.3% | Reduced | History |
| DMIIDrugs Made In America Acquisition II Corp. | USD ORD SHS | 1,143,625 | $11.3M | 0.3% | +1,143,625 | New | History |
| EVTEaton Vance Tax-Advantaged Dividend Income Fund | COM | 430,276 | $10.8M | 0.3% | −182,666−29.8% | Reduced | History |
| IPEXInflection Point Acquisition Corp. V | ORD SHS CL A | 1,016,543 | $10.5M | 0.3% | −8,220−0.8% | Reduced | History |
| CAFMorgan Stanley China A Share Fund, Inc. | COM | 556,731 | $9.66M | 0.3% | −49,556−8.2% | Reduced | History |
| GTERAGloba Terra Acquisition Corp | CL A ORD SHS | 956,762 | $9.66M | 0.3% | +803,185+523.0% | Added | History |
| TDFTempleton Dragon Fund Inc | COM | 855,995 | $9.64M | 0.3% | −9,725−1.1% | Reduced | History |
| ETGEaton Vance Tax-Advantaged Global Dividend Income Fund | COM | 417,229 | $9.64M | 0.3% | −195,965−32.0% | Reduced | History |
| EODAllspring Global Dividend Opportunity Fund | COM | 1,641,368 | $9.57M | 0.3% | +856,930+109.2% | Added | History |
| EMISEmmis Acquisition Corp. | SHS CL A | 913,836 | $9.07M | 0.3% | +913,836 | New | History |
| iShares Tr46429B523 | MSCI DENMARK ETF | 77,516 | $8.87M | 0.3% | +22,941+42.0% | Added | – |
| PGACPantages Capital Acquisition Corp | ORD SHS CL A | 844,700 | $8.75M | 0.3% | −42,700−4.8% | Reduced | History |
| iShares Inc464286772 | MSCI STH KOR ETF | 89,087 | $8.66M | 0.3% | −1,623−1.8% | Reduced | – |
| MYDBlackRock Muniyield Fund, Inc. | COM | 815,853 | $8.56M | 0.3% | +606,582+289.9% | Added | History |
| ORIQOrigin Investment Corp I | ORD SHS | 819,444 | $8.28M | 0.3% | +390,329+91.0% | Added | History |
| DPGDuff & Phelps Utility & Infrastructure Fund Inc. | COM | 651,743 | $8.28M | 0.3% | −116,436−15.2% | Reduced | History |
| YHNAYHN Acquisition I Ltd | SHS | 767,026 | $8.14M | 0.2% | −25,600−3.2% | Reduced | History |
| NOEMCO2 Energy Transition Corp. | COM | 780,246 | $8.03M | 0.2% | +42,775+5.8% | Added | History |
| CHECChenghe Acquisition III Co. | ORD SHS CL A | 795,850 | $7.93M | 0.2% | +795,850 | New | History |
| iShares Tr464287861 | EUROPE ETF | 115,456 | $7.92M | 0.2% | −2,128−1.8% | Reduced | – |
| FSHPFlag Ship Acquisition Corp | ORD SHS | 736,350 | $7.92M | 0.2% | −2,250−0.3% | Reduced | History |
| KCHVKochav Defense Acquisition Corp. | SHS CL A | 764,019 | $7.75M | 0.2% | +649,032+564.4% | Added | History |
| MQYBlackRock Muniyield Quality Fund, Inc. | COM | 683,812 | $7.73M | 0.2% | +683,812 | New | History |
| OBAOxley Bridge Acquisition Ltd | USD CL A ORD SHS | 766,400 | $7.73M | 0.2% | +766,400 | New | History |
| MEGINYLI CBRE Global Infrastructure Megatrends Term Fund | COM | 558,942 | $7.69M | 0.2% | −71,927−11.4% | Reduced | History |
| RDACRising Dragon Acquisition Corp. | SHS | 736,550 | $7.69M | 0.2% | −13,750−1.8% | Reduced | History |
| NMPNMP Acquisition Corp. | CL A | 767,290 | $7.69M | 0.2% | +767,290 | New | History |
Sold out since Q3 2025 (24)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| IBACIB Acquisition Corp. | COM SHS | 2,572,807 | $27.2M | 0.9% | History |
| Crane HBR Acquisition CorpG24979109 | CL A | 1,813,250 | $18.4M | 0.6% | – |
| HDRNHadron Energy, Inc. | ORD SHS CL A | 1,703,124 | $18.0M | 0.6% | History |
| TVATexas Ventures Acquisition III Corp | COM | 1,471,700 | $15.8M | 0.5% | History |
| IGDVoya GLOBAL EQUITY DIVIDEND & PREMIUM OPPORTUNITY FUND | COM | 821,202 | $4.87M | 0.2% | History |
| VKQInvesco Municipal Trust | COM | 494,668 | $4.77M | 0.2% | History |
| HQLabrdn Life Sciences Investors | SH BEN INT | 300,284 | $4.66M | 0.1% | History |
| MMUWestern Asset Managed Municipals Fund Inc. | COM | 437,479 | $4.52M | 0.1% | History |
| Alphatime Acquisition CorpG0223V105 | ORDINARY SHARES | 332,084 | $3.97M | 0.1% | – |
| PNIPIMCO New York Municipal Income Fund II | COM | 528,497 | $3.67M | 0.1% | History |
| AMCIAMC Robotics Corp | ORDINARY SHARES | 261,100 | $3.12M | 0.1% | History |
| NETDNabors Energy Transition Corp. II | CL A | 220,128 | $2.47M | 0.1% | History |
| ETVEaton Vance Tax-Managed Buy-Write Opportunities Fund | COM | 149,526 | $2.13M | 0.1% | History |
| MUJBlackRock Muniholdings New Jersey Quality Fund, Inc. | COM | 153,772 | $1.78M | 0.1% | History |
| MRLNMerlin, Inc. | SHS CL A | 122,880 | $1.28M | <0.1% | History |
| SWZTotal Return Securities Fund | COM | 206,753 | $1.26M | <0.1% | History |
| CIIBlackRock Enhanced Large Cap Core Fund, Inc. | COM | 43,410 | $998.4K | <0.1% | History |
| VCICOdysseus (Cayman) Ltd | ORD SHS CL A | 84,665 | $906.8K | <0.1% | History |
| NQPNuveen Pennsylvania Quality Municipal Income Fund | COM | 55,905 | $670.9K | <0.1% | History |
| VMOInvesco Municipal Opportunity Trust | COM | 61,249 | $592.3K | <0.1% | History |
| HTDJohn Hancock Tax-Advantaged Dividend Income Fund | COM | 11,430 | $283.5K | <0.1% | History |
| EVMEaton Vance California Municipal Bond Fund | COM | 20,710 | $196.5K | <0.1% | History |
| HEQJohn Hancock Diversified Income Fund | COM | 10,713 | $114.1K | <0.1% | History |
| UCFICN Healthy Food Tech Group Corp. | COM | 10,775 | $112.5K | <0.1% | History |