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CIK: 0001048703
Total reported value
$3.5B
$3.5B
214 檔
19.9%
At the close of Q4 2025, Karpus Management, Inc. disclosed equity holdings valued at approximately $3.5B, spread across 214 reported holdings.
Karpus Management, Inc. executed strategic sector rebalancing during Q4 2025, establishing 35 new positions while fully exiting 25 holdings and trimming 67 positions.
In terms of portfolio concentration, the top 5 core holdings (including VOO, BLV, BTT) accounted for 19.9% of total reported equity market value during Q4 2025.
Showing top 200 holdings (of 214 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 8.15% | -0.08% | -4.65% | |
| 2 | BLV | Vanguard Long-term Bond ETF | ETF-Other | 4.19% | — | +20.87% | |
| 3 | BTT | Blackrock 2030 Muni Trgt Trm | Stock-Other | 3.24% | -0.28% | +4.78% | |
| 4 | MHD | Blackrock Muniholdings Fund | Stock-Other | 3.06% | -0.27% | +18.63% | |
| 5 | VB | Vanguard Small-cap ETF | ETF-Other | 2.65% | +0.16% | +1.46% | |
| 6 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 2.23% | -0.11% | -15.26% | |
| 7 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 2.14% | -0.01% | +4.40% | |
| 8 | FINS | Angel Oak Financ Strat Inc | Stock-Other | 2.09% | -0.16% | -3.07% | |
| 9 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 2.09% | -0.09% | +24.42% | |
| 10 | XWIAX | Western Asset Infl-link Sec | Stock-Other | 2.07% | -0.08% | +3.78% | |
| 11 | YCY-UN | AA Mission Acquisition Corp. II | Stock-Other | 1.87% | -0.01% | EXIT | |
| 12 | XMVFX | Blackrock Munivest Fund | Stock-Other | 1.78% | — | +0.08% | |
| 13 | MUC | Blackrock Munihold Ca Qlty | Stock-Other | 1.75% | -0.29% | +13.27% | |
| 14 | BLE | Blackrock Muni Inc Tr Ii | Stock-Other | 1.57% | — | +10.64% | |
| 15 | MHD | BlackRock MuniHoldings Fund, Inc. | Stock-Other | 1.53% | — | +10.34% | |
| 16 | BND | Vanguard Total Bond Market | ETF-Other | 1.51% | +0.39% | +32.50% | |
| 17 | QQQX | Nuveen Nasdaq 100 Dyn Overwr | Stock-Other | 1.46% | -0.15% | -2.99% | |
| 18 | XGDVX | Gabelli Dividend & Income Tr | Stock-Other | 1.41% | -0.04% | -5.42% | |
| 19 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 1.41% | +0.82% | +7.34% | |
| 20 | NBXG | Neuberger Next Generation Co | Stock-Other | 1.36% | +0.19% | -3.90% | |
| 21 | VCRM | Vanguard Core Tax-ex Bond | ETF-Other | 1.29% | -0.03% | +3.88% | |
| 22 | MUJ | BlackRock MuniHoldings New Jersey Quality Fund, Inc. | Stock-Other | 1.15% | — | +1.98% | |
| 23 | ✓ | Legato Merger CORP Iii | Stock-Other | 1.11% | -0.73% | EXIT | |
| 24 | NRK | Nuveen Ny Amt-fr Muni Inc | Stock-Other | 1.10% | — | -59.34% | |
| 25 | VUG | Vanguard Growth ETF | ETF-Other | 1.09% | +0.04% | +1.61% | |
| 26 | IEUR | Ishares Core Msci Europe ETF | ETF-Other | 1.06% | -0.04% | +0.67% | |
| 27 | VPL | Vanguard Ftse Pacific ETF | ETF-Other | 1.05% | — | +0.06% | |
| 28 | EIM | Eaton Vance Municipal Bond | Stock-Other | 1.05% | -0.22% | -37.33% | |
| 29 | KTF | Dws Municipal Income Trust | Stock-Other | 1.04% | -0.20% | +12.56% | |
| 30 | IWB | Ishares Russell 1000 ETF | ETF-Other | 0.97% | -0.07% | -0.91% | |
| 31 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.97% | -0.08% | -29.51% | |
| 32 | VTES | Vanguard Sh Term Tax-ex Bond | ETF-Other | 0.82% | -0.01% | -12.47% | |
| 33 | ✓ | Drugs Made In Amer Acqutn Co | Stock-Other | 0.81% | -0.06% | -0.35% | |
| 34 | CSQ | Calamos Strat Ttl Rtrn Fnd | Stock-Other | 0.79% | +0.17% | +781.49% | |
| 35 | ✓ | Rf Acquisition CORP Ii | Stock-Other | 0.79% | -0.05% | -0.36% | |
| 36 | GPATU | GP-Act III Acquisition Corp. | Stock-Other | 0.77% | -0.75% | EXIT | |
| 37 | MYN | Blackrock Muniyield Ny Qlty | Stock-Other | 0.75% | -0.12% | -3.62% | |
| 38 | ✓ | Quartzsea Acquisition CORP | Stock-Other | 0.71% | -0.43% | -0.55% | |
| 39 | VGK | Vanguard Ftse Europe ETF | ETF-Other | 0.71% | -0.02% | +0.91% | |
| 40 | ✓ | Tavia Acquisition CORP | Stock-Other | 0.70% | -0.14% | -0.40% | |
| 41 | BST | Blackrock Science & Tech Tr | Stock-Other | 0.68% | +0.29% | +50.53% | |
| 42 | XLF | Ss Financial Select Sector | ETF-Other | 0.67% | +0.01% | +0.39% | |
| 43 | BKT | Blackrock Income Trust | Stock-Other | 0.63% | -0.05% | +538.94% | |
| 44 | SHM | Ss Spdr N Ice St Muni ETF | ETF-Other | 0.59% | -0.12% | -55.55% | |
| 45 | ANSCW | Agriculture & Natural Solutions Acquisition Corporation | Stock-Other | 0.58% | -0.06% | +25.85% | |
| 46 | VGT | Vanguard Info Tech ETF | ETF-Tech | 0.58% | +0.10% | -2.06% | |
| 47 | ASG | Liberty All-star Growth Fd | Stock-Other | 0.57% | +0.09% | +4.91% | |
| 48 | ETO | Eaton Vance T/a Glbl Dvd Opp | Stock-Other | 0.57% | +0.08% | -1.96% | |
| 49 | SIMA | SIM Acquisition Corp. I | Stock-Other | 0.56% | -0.58% | EXIT | |
| 50 | BHK | Blackrock Core Bond Trust | Stock-Other | 0.55% | -0.05% | -2.77% |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CSQ | Calamos Strat Ttl Rtrn Fnd | +0.7% | +781.49% | Add |
| 2 | BLV | Vanguard Long-term Bond ETF | +0.5% | +20.87% | Add |
| 3 | BKT | Blackrock Income Trust | +0.5% | +538.94% | Add |
| 4 | VEU | Vanguard Ftse All-world Ex-u | +0.4% | +24.42% | Add |
| 5 | MHD | Blackrock Muniholdings Fund | +0.4% | +18.63% | Add |
| 6 | BND | Vanguard Total Bond Market | +0.3% | +32.50% | Add |
| 7 | ✓ | Blackrock New York Municipal Income Trust | +0.3% | +141.73% | Add |
| 8 | ✓ | Globa Terra Acquisition Cor | +0.3% | +522.99% | Add |
| 9 | BST | Blackrock Science & Tech Tr | +0.2% | +50.53% | Add |
| 10 | MHD | BlackRock MuniHoldings Fund, Inc. | +0.2% | +3196.74% | Add |
| 11 | ✓ | Kochav Defense Acqui Co S | +0.2% | +564.44% | Add |
| 12 | XMYDX | Blackrock Muniyield Fund | +0.2% | +289.85% | Add |
| 13 | ✓ | Indigo Acquisition CORP | +0.2% | +527.10% | Add |
| 14 | EOD | Allspring Global Dividend Op | +0.2% | +109.24% | Add |
| 15 | BLK | BlackRock, Inc. | +0.2% | +442.97% | Add |
| 16 | ✓ | Blackrock Investment Quality M | +0.1% | +299.59% | Add |
| 17 | ANSCW | Agriculture & Natural Solutions Acquisition Corporation | +0.1% | +25.85% | Add |
| 18 | ✓ | Silver Pegasus Acquisition C Shs Cl | +0.1% | +3136.34% | Add |
| 19 | MUC | Blackrock Munihold Ca Qlty | +0.1% | +13.27% | Add |
| 20 | BLE | Blackrock Muni Inc Tr Ii | +0.1% | +10.64% | Add |
| 21 | ✓ | Origin Invt CORP I | +0.1% | +90.96% | Add |
| 22 | XMQTX | Blackrock Muniyield Qlty Ii | +0.1% | +102.09% | Add |
| 23 | MYI | Blackrock Muniyield Qlty Iii | +0.1% | +566.15% | Add |
| 24 | BTT | Blackrock 2030 Muni Trgt Trm | +0.1% | +4.78% | Add |
| 25 | MHD | BlackRock MuniHoldings Fund, Inc. | +0.1% | +10.34% | Add |
| 26 | XBMEX | Blackrock Health Sciences | +0.1% | +107.35% | Add |
| 27 | ✓ | +0.1% | +200.68% | Add | |
| 28 | ✓ | Blue Acquisition CORP. | +0.1% | +94.69% | Add |
| 29 | KTF | Dws Municipal Income Trust | +0.1% | +12.56% | Add |
| 30 | EDEN | Ishares Msci Denmark ETF | +0.1% | +42.04% | Add |
| 31 | ✓ | +0.1% | +20.12% | Add | |
| 32 | ✓ | Vendome Acquisition CORP I C | +0.1% | +59.93% | Add |
| 33 | JHS | John Hancock Income Sec Tr | +0.1% | +123.65% | Add |
| 34 | ✓ | Solarius Capital Acqu CORP S | +0.1% | +255.24% | Add |
| 35 | IEF | Ishares 7-10 Year Treasury B | +0.1% | +7.34% | Add |
| 36 | ✓ | +0.1% | +15.87% | Add | |
| 37 | EWC | Ishares Msci Canada ETF | +0.1% | +6.43% | Add |
| 38 | ✓ | Blue Wtr Acquisition CORP. I | +0.1% | +164.66% | Add |
| 39 | ✓ | 0% | +12.88% | Add | |
| 40 | CHW | Calamos Global Dynamic Incom | 0% | +16.58% | Add |
| 41 | XPCQX | Pimco California Muni Inc Fd | 0% | +13.36% | Add |
| 42 | EWY | Ishares Msci South Korea ETF | 0% | -1.79% | Trim |
| 43 | EZU | Ishares Msci Eurozone ETF | 0% | +8.65% | Add |
| 44 | GCOW | Pacer Global Cash Cows Divid | 0% | +5.02% | Add |
| 45 | ✓ | Best Spac I Acquisition CORP | 0% | +164.62% | Add |
| 46 | ✓ | Newbury Str Ii Acquisition C | 0% | +16.22% | Add |
| 47 | VCRM | Vanguard Core Tax-ex Bond | 0% | +3.88% | Add |
| 48 | ETO | Eaton Vance T/a Glbl Dvd Opp | 0% | -1.96% | Trim |
| 49 | VGK | Vanguard Ftse Europe ETF | 0% | +0.91% | Add |
| 50 | DSM | Bnym Strat Muni Bnd | 0% | +10.57% | Add |
According to official SEC Form 13F filings, Karpus Management, Inc. reported a total U.S. public equity portfolio value of $3.5B across 214 disclosed positions in Q4 2025.
Expert Analysis & Guides for Tracking Wall Street Smart Money Movements
Learn how SEC Form 13F filings work, the $100M threshold, 45-day reporting lag, and how to track top hedge fund holdings.
Top New Position Initiated
市值: $17.7M
Top Position Liquidated / Trimmed
IBAC
前期市值: $27.2M
During Q4 2025, Karpus Management, Inc.'s top holdings by market value included VOO (8.2%)、BLV (4.2%)、BTT (3.2%). The largest single position, VOO, represented 8.2% of total portfolio value.
In Q4 2025, Karpus Management, Inc. made 196 total portfolio adjustments, initiating 35 new buys, adding to 69 positions, trimming 67 holdings, and fully liquidating 25 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
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