KM

Karpus Management, Inc.

Diversified strategyMomentum followerSector-focused

Total reported value

$3.2B

Reporting period: 2026-03-31 · Number of holdings: 231

Karpus Management, Inc. disclosed 231 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $3.2B and a quarterly turnover rate of 40.0%.

Personality snowflake

Concentration
8.29
Portfolio Stability
39.95
Momentum/Contrarian
100
Sector conviction
97.86
Diversification
100
Sizing Uniformity
80.5

Recent moves

  • Add MHD

    +135.9%　$126.3M

  • Trim YCY-UN

    -99.7%　-$60.8M

  • Add MYI

    +1410.9%　$55.6M

  • Add MYN

    +232.2%　$54.0M

  • Trim IEF

    -94.3%　-$43.2M

  • Trim VOO

    -7.1%　-$30.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1VOOVanguard S&p 500 ETFETF-Large Cap & Growth7.32%-0.82%-7.10%
2MHDBlackrock Muniholdings FundStock-Other7.05%+3.99%+135.95%
3BLVVanguard Long-term Bond ETFETF-Other4.23%—+0.29%
4BTTBlackrock 2030 Muni Trgt TrmStock-Other3.32%—+1.53%
5VBVanguard Small-cap ETFETF-Other2.63%—-3.89%
6MYNBlackrock Muniyield Ny QltyStock-Other2.44%+1.69%+232.24%
7VEUVanguard Ftse All-world Ex-uETF-Other2.29%+0.20%+5.79%
8VWOVanguard Ftse Emerging MarkeETF-Emerging Markets2.23%—+2.12%
9XWIAXWestern Asset Infl-link SecStock-Other2.10%—+2.49%
10FINSAngel Oak Financ Strat INCStock-Other1.87%-0.22%-8.80%
11MYIBlackrock Muniyield Qlty IiiStock-Other1.86%+1.73%+1410.92%
12IVVIshares Core S&p 500 ETFETF-Large Cap & Growth1.85%-0.38%-14.24%
13MUCBlackrock Munihold Ca QltyStock-Other1.75%—-0.18%
14VCRMVanguard Core Tax-ex BondETF-Other1.38%—+6.48%
15QQQXNuveen Nasdaq 100 Dyn OverwrStock-Other1.36%—-2.02%
16XGDVXGabelli Dividend & Income TrStock-Other1.26%-0.15%-9.19%
17NBXGNeuberger Next Generation CoStock-Other1.23%—-0.22%
18VPLVanguard Ftse Pacific ETFETF-Other1.12%—-3.17%
19IEURIshares Core Msci Europe ETFETF-Other1.08%—+0.92%
20CSQCalamos Strat Ttl Rtrn FndStock-Other1.04%+0.25%+44.50%
21IWBIshares Russell 1000 ETFETF-Other0.95%—+0.12%
22✓ Sc Ii Acquisition CORPStock-Other0.94%+0.94%NEW
23KTFDws Municipal Income TrustStock-Other0.93%—-11.43%
24MQYBlackrock Muniyield QualityStock-Other0.90%+0.66%+282.69%
25✓ Alliance National Municipal Income FundStock-Other0.85%+0.34%+65.82%
26✓ Drugs Made In Amer Acqutn CoStock-Other0.83%—-0.32%
27✓ Drugs Made In Amer Acq Ii CoStock-Other0.81%+0.46%+127.17%
28VTIVanguard Total Stock Mkt ETFETF-Other0.81%-0.16%-14.50%
29BNDVanguard Total Bond MarketETF-Other0.80%-0.71%-47.43%
30GPATUGP-Act III Acquisition Corp.Stock-Other0.75%—-4.36%
31VGKVanguard Ftse Europe ETFETF-Other0.74%—+4.88%
32TLTIshares 20+ Year Treasury BdETF-Gov Bonds0.74%+0.74%NEW
33✓ Legato Merger CORP IiiStock-Other0.73%-0.38%-35.82%
34✓ Quartzsea Acquisition CORPStock-Other0.73%—-0.31%
35✓ Tavia Acquisition CORPStock-Other0.72%—-0.75%
36EIMEaton Vance Municipal BondStock-Other0.70%-0.35%-34.52%
37✓ Ai Infrastructure AcquisiStock-Other0.65%+0.27%+66.37%
38BSTBlackrock Science & Tech TrStock-Other0.64%—+3.56%
39ASGLiberty All-star Growth FdStock-Other0.63%—+20.00%
40XLFSs Financial Select SectorETF-Other0.63%—+1.51%
41BKTBlackrock Income TrustStock-Other0.61%—-0.57%
42✓ Stock-Other0.60%+0.22%+55.15%
43ANSCWAgriculture & Natural Solutions Acquisition CorporationStock-Other0.59%—-1.39%
44SIMASIM Acquisition Corp. IStock-Other0.58%—-0.60%
45GCOWPacer Global Cash Cows DividETF-Other0.57%—+10.93%
46✓ Rf Acquisition CORP IiStock-Other0.56%-0.23%-31.55%
47EZUIshares Msci Eurozone ETFETF-Other0.55%—+33.46%
48USALiberty All Star Equity FundStock-Other0.54%+0.19%+70.25%
49EWCIshares Msci Canada ETFETF-Other0.54%—+9.56%
50BHKBlackrock Core Bond TrustStock-Other0.54%—-0.20%
1–50 of 231

Holding changes this quarter

Karpus Management, Inc.'s most significant position changes for 2026-03-31: Sold out: Blackrock Munivest Fund (XMVFX); Sold out: Blackrock Muni INC Tr Ii (BLE); Sold out: BlackRock MuniHoldings Fund, Inc. (MHD); Sold out: BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ); Sold out: Nuveen Ny Amt-fr Muni INC (NRK).

Position changes disclosed by Karpus Management, Inc. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1MHDBlackrock Muniholdings Fund+4%+135.95%Add
2MYIBlackrock Muniyield Qlty Iii+1.7%+1410.92%Add
3MYNBlackrock Muniyield Ny Qlty+1.7%+232.24%Add
4MQYBlackrock Muniyield Quality+0.7%+282.69%Add
5✓ Drugs Made In Amer Acq Ii Co+0.5%+127.17%Add
6✓ Alliance National Municipal Income Fund+0.3%+65.82%Add
7✓ +0.3%+971.32%Add
8✓ Ai Infrastructure Acquisi+0.3%+66.37%Add
9CSQCalamos Strat Ttl Rtrn Fnd+0.3%+44.50%Add
10✓ +0.2%+55.15%Add
11✓ Ishares Core Dividend Growth+0.2%+90.47%Add
12VEUVanguard Ftse All-world Ex-u+0.2%+5.79%Add
13USALiberty All Star Equity Fund+0.2%+70.25%Add
14IAFAbrdn Australia Equity Fund+0.2%+182.26%Add
15XGDVXGabelli Dividend & Income Tr-0.2%-9.19%Trim
16VTIVanguard Total Stock Mkt ETF-0.2%-14.50%Trim
17FINSAngel Oak Financ Strat INC-0.2%-8.80%Trim
18✓ Rf Acquisition CORP Ii-0.2%-31.55%Trim
19EIMEaton Vance Municipal Bond-0.4%-34.52%Trim
20IVVIshares Core S&p 500 ETF-0.4%-14.24%Trim
21✓ Legato Merger CORP Iii-0.4%-35.82%Trim
22SHMSs Spdr N Ice St Muni ETF-0.4%-73.08%Trim
23VUGVanguard Growth ETF-0.6%-53.67%Trim
24BNDVanguard Total Bond Market-0.7%-47.43%Trim
25VTESVanguard Sh Term Tax-ex Bond-0.7%-86.70%Trim
26VOOVanguard S&p 500 ETF-0.8%-7.10%Trim
27IEFIshares 7-10 Year Treasury B-1.3%-94.29%Trim
28YCY-UNAA Mission Acquisition Corp. II-1.9%-99.65%Trim
29XMVFXBlackrock Munivest Fund—EXITSold out
30BLEBlackrock Muni INC Tr Ii—EXITSold out
31MHDBlackRock MuniHoldings Fund, Inc.—EXITSold out
32MUJBlackRock MuniHoldings New Jersey Quality Fund, Inc.—EXITSold out
33NRKNuveen Ny Amt-fr Muni INC—EXITSold out
34✓ Sc Ii Acquisition CORP—NEWNew buy
35TLTIshares 20+ Year Treasury Bd—NEWNew buy
36✓ Blackrock New York Municipal Income Trust—EXITSold out
37✓ White Pearl Acquisition CORP—NEWNew buy
38✓ Keen Vision Acquisition CORP—EXITSold out
39✓ —NEWNew buy
40✓ Spacsphere Acquisition CORP—NEWNew buy
41✓ —NEWNew buy
42XMYDXBlackrock Muniyield Fund—EXITSold out
43✓ Gigcapital9 CORP—NEWNew buy
44IGEIshares North American Natur—NEWNew buy
45XMQTXBlackrock Muniyield Qlty Ii—EXITSold out
46MHDBlackRock MuniHoldings Fund, Inc.—EXITSold out
47✓ Blueport Acquisition LTD—NEWNew buy
48BLKBlackRock, Inc.—EXITSold out
49HEQJohn Hancock Divers INC Fund—NEWNew buy
50✓ Blackrock Investment Quality M—EXITSold out

FAQ

What is Karpus Management, Inc. and what type of investor is it?
Karpus Management, Inc. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $3.2B, spread across 231 disclosed positions.
What are Karpus Management, Inc.'s largest equity positions?
Based on the latest 13F filing, Karpus Management, Inc.'s top holdings by market value are: 1. Vanguard S&p 500 ETF (VOO) — $234.8M (7.3%) 2. Blackrock Muniholdings Fund (MHD) — $226.0M (7.0%) 3. Vanguard Long-term Bond ETF (BLV) — $135.5M (4.2%) 4. Blackrock 2030 Muni Trgt Trm (BTT) — $106.4M (3.3%) 5. Vanguard Small-cap ETF (VB) — $84.3M (2.6%)
What changes did Karpus Management, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Karpus Management, Inc. made 50 notable position adjustments: 10 new positions were initiated, 14 existing holdings were added to, 14 positions were partially reduced, and 12 were completely exited. The largest of these moves: Sold out: Blackrock Munivest Fund (XMVFX); Sold out: Blackrock Muni INC Tr Ii (BLE); Sold out: BlackRock MuniHoldings Fund, Inc. (MHD); Sold out: BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ); Sold out: Nuveen Ny Amt-fr Muni INC (NRK)
What sectors does Karpus Management, Inc. focus on?
Karpus Management, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 39.5% • Health Care: 37.5% • Consumer Discretionary: 15.8% • Communication Services: 7.3%