BI

Bulldog Investors, LLP

Diversified strategySector-focusedMomentum follower

Total reported value

$445.0M

Reporting period: 2026-03-31 · Number of holdings: 216

Bulldog Investors, LLP disclosed 216 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $445.0M and a quarterly turnover rate of 42.7%.

Personality snowflake

Concentration
7.62
Portfolio Stability
42.71
Momentum/Contrarian
100
Sector conviction
100
Diversification
100
Sizing Uniformity
82.32

Recent moves

  • Add TPL

    +0.9%　$6.1M

  • Add BRK-A

    +233.3%　$4.9M

  • Trim CION

    0.0%　-$4.4M

  • Trim CNNE

    -33.8%　-$3.7M

  • Add NWFL

    +165.0%　$3.2M

  • Add BPRE

    +53.8%　$2.6M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1STEWSrh Total Return Fund INCStock-Other4.95%—+3.52%
2DSMBnym Strat Muni BndStock-Other4.56%—+1.99%
3CETCentral Securities CORPStock-Other4.42%—+1.41%
4GAMGeneral American InvestorsStock-Other3.90%—-0.17%
5TPLTexas Pacific Land CORPStock-Energy3.41%+1.38%+0.95%
6NBXGNeuberger Next Generation CoStock-Other3.38%-0.38%+0.14%
7TRCTejon Ranch CoStock-Other3.36%+0.58%+0.13%
8XCMUXMfs High Yield Municipal TrStock-Other2.84%—-1.72%
9CIONCion Investment CORPStock-Other2.36%-0.95%—
10LEOBny Mellon Strategic MuniStock-Other2.23%—+6.47%
11XCXHXMfs Investment Grade MuniStock-Other2.13%—-1.40%
12OTFBlue Owl Technology FinanceStock-Other1.88%—+9.74%
13RWAYRunway Growth Finance CORPStock-Other1.85%-0.54%-0.06%
14XGDVXGabelli Dividend & Income TrStock-Other1.81%—-0.23%
15VLGEAVillage Super Market-class AStock-Other1.62%——
16BRK-ABerkshire Hathaway Inc-cl AStock-Other1.61%+1.11%+233.33%
17ALXAlexander's INCStock-Other1.49%——
18IHDVoya Emrg Mrkt Hi Dvd EqtyStock-Other1.47%—+9.10%
19BPREBluerock Private Real EstateStock-Financials1.39%+0.58%+53.82%
20HEQJohn Hancock Divers INC FundStock-Other1.36%+0.45%+46.24%
21CCAPCrescent Capital Bdc INCStock-Other1.25%—-0.12%
22DMBBny Mellon Muni Bnd InfraStock-Other1.23%—+30.09%
23GFNew Germany Fund Inc/theStock-Other1.22%—+6.15%
24FSKFs Kkr Capital CORPStock-Financials1.16%-0.44%+3.98%
25NWFLNorwood Financial CORPStock-Other1.12%+0.72%+165.02%
26CBChubb LimitedStock-Financials1.03%——
27MRCCMonroe Capital CORPStock-Other1.00%-0.35%+1.25%
28✓ Jackson Acquisition Co IiStock-Other0.97%—-0.34%
29ELMEElme CommunitiesStock-Other0.90%+0.90%NEW
30OBDCBlue Owl Capital CORPStock-Financials0.84%—+42.01%
31✓ Aldabra 4 Lqdty Opp Veh INCStock-Other0.82%+0.82%NEW
32✓ Kensington Cap Acquist CORPStock-Other0.79%+0.79%NEW
33GLOClough Global OpportunitiesStock-Other0.77%—+7.87%
34CNNECannae Holdings INCStock-Other0.77%-0.83%-33.79%
35GDLGdl FundStock-Other0.77%—-0.04%
36✓ Oyster Enterprises Ii Acquis Ord ShStock-Other0.74%—-0.81%
37✓ Willow Lane Acquisition CrpStock-Other0.73%+0.73%NEW
38IAEVoya Asia Pac Hi Dvd Eq INCStock-Other0.73%—+3.85%
39✓ Stock-Other0.72%—+56.99%
40XFLTXai Fltng Rte&alt INC Trs-uiStock-Other0.72%+0.72%NEW
41✓ Stock-Other0.72%—-0.35%
42✓ Bain Cap Gss Invt CORPStock-Other0.70%—+3.93%
43✓ Hennessy Cap Invts CORP ViiiStock-Other0.65%+0.65%NEW
44NCDLNuveen Churchill Direct LendStock-Other0.64%—+29.65%
45BCICBcp Investment CORPStock-Other0.64%-0.36%—
46✓ Daedalus Spl Acquisition CorStock-Other0.64%—+4.41%
47BBDCBarings Bdc INCStock-Other0.62%—+5.55%
48✓ Stock-Other0.59%—-1.44%
49✓ Stock-Other0.58%—-1.27%
50ECFEllsworth Growth And IncomeStock-Other0.57%—-14.64%
1–50 of 216

Holding changes this quarter

Bulldog Investors, LLP's most significant position changes for 2026-03-31: Sold out: Oxford Lane Capital CORP (OXLC); Sold out: Roman Dbdr Acquisition CORP; New buy: Elme Communities (ELME); Sold out: Centurion Acquisition Corp. (ALFUW); New buy: Aldabra 4 Lqdty Opp Veh INC.

Position changes disclosed by Bulldog Investors, LLP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1TPLTexas Pacific Land CORP+1.4%+0.95%Add
2BRK-ABerkshire Hathaway Inc-cl A+1.1%+233.33%Add
3NWFLNorwood Financial CORP+0.7%+165.02%Add
4BPREBluerock Private Real Estate+0.6%+53.82%Add
5TRCTejon Ranch Co+0.6%+0.13%Add
6HEQJohn Hancock Divers INC Fund+0.5%+46.24%Add
7EAFGrafTech International Ltd.-0.3%-56.14%Trim
8MRCCMonroe Capital CORP-0.4%+1.25%Add
9BCICBcp Investment CORP-0.4%—Unchanged
10NBXGNeuberger Next Generation Co-0.4%+0.14%Add
11FSKFs Kkr Capital CORP-0.4%+3.98%Add
12UTFCohen & Steers Infrastructur-0.5%-89.36%Trim
13SIMASIM Acquisition Corp. I-0.5%-51.77%Trim
14RWAYRunway Growth Finance CORP-0.5%-0.06%Trim
15CNNECannae Holdings INC-0.8%-33.79%Trim
16CIONCion Investment CORP-1%—Unchanged
17OXLCOxford Lane Capital CORP—EXITSold out
18✓ Roman Dbdr Acquisition CORP—EXITSold out
19ELMEElme Communities—NEWNew buy
20ALFUWCenturion Acquisition Corp.—EXITSold out
21✓ Aldabra 4 Lqdty Opp Veh INC—NEWNew buy
22IIFMorgan Stanley India Invest—EXITSold out
23✓ Kensington Cap Acquist CORP—NEWNew buy
24CUBWWLionheart Holdings—EXITSold out
25✓ Willow Lane Acquisition Crp—NEWNew buy
26XFLTXai Fltng Rte&alt INC Trs-ui—NEWNew buy
27✓ Blue Acquisition CORP.—EXITSold out
28✓ Hennessy Cap Invts CORP Viii—NEWNew buy
29✓ —EXITSold out
30DPGDuff & Phelps Utility & INC—NEWNew buy
31✓ Xai Octagn Flt Rat & Alt Inm—EXITSold out
32PBBKPb Bankshares INC—EXITSold out
33✓ Oneim Acquisition CORP—NEWNew buy
34✓ Fortress Value Acqu CORP V—NEWNew buy
35EICEagle Point Income Co INC—NEWNew buy
36✓ M Evo Gbl Acquisition CORP I—NEWNew buy
37XSSPXNuveen S&p 500 Dynam Overwr—NEWNew buy
38✓ Sizzle Acquisition CORP. Ii—EXITSold out
39✓ —EXITSold out
40✓ Inflection Pt Acquisit CORP—NEWNew buy
41✓ Bleichroeder Acquisiti CORP—NEWNew buy
42✓ Hcm Iv Acquisition CORP—NEWNew buy
43✓ M Evo Gbl Acquisition CORP I—NEWNew buy
44✓ Black Spade Acquisition Iii—NEWNew buy
45✓ Legato Merger CORP Iv—NEWNew buy
46✓ Fg Imperii Acquisition CORP—NEWNew buy
47✓ Columbus Circle Cap CORP Ii—NEWNew buy
48✓ Spring Vy Acquisition CORP I—EXITSold out
49✓ Legato Merger CORP Iii—EXITSold out
50✓ Drugs Made In Amer Acqutn Co—EXITSold out

FAQ

What is Bulldog Investors, LLP and what type of investor is it?
Bulldog Investors, LLP 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 $445.0M, spread across 216 disclosed positions.
What are Bulldog Investors, LLP's largest equity positions?
Based on the latest 13F filing, Bulldog Investors, LLP's top holdings by market value are: 1. Srh Total Return Fund INC (STEW) — $22.0M (5.0%) 2. Bnym Strat Muni Bnd (DSM) — $20.3M (4.6%) 3. Central Securities CORP (CET) — $19.7M (4.4%) 4. General American Investors (GAM) — $17.3M (3.9%) 5. Texas Pacific Land CORP (TPL) — $15.2M (3.4%)
What changes did Bulldog Investors, LLP make in its most recent portfolio filing?
In the latest reported quarter, Bulldog Investors, LLP made 48 notable position adjustments: 20 new positions were initiated, 9 existing holdings were added to, 5 positions were partially reduced, and 14 were completely exited. The largest of these moves: Sold out: Oxford Lane Capital CORP (OXLC); Sold out: Roman Dbdr Acquisition CORP; New buy: Elme Communities (ELME); Sold out: Centurion Acquisition Corp. (ALFUW); New buy: Aldabra 4 Lqdty Opp Veh INC
What sectors does Bulldog Investors, LLP focus on?
Bulldog Investors, LLP is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 57.8% • Energy: 40.2% • Real Estate: 2.0%