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Portfolio (Quarterly) Guide ↗

Karpus Management, Inc.

· CIK 0001048703
13F Portfolio $3.3B AUM 214 positions Filed Feb 17, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 35 New 67 Added 81 Reduced 25 Exited
Page 2 of 4  ·  67 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 BST BLACKROCK SCIENCE & TECH TR Financial Services 543,547.0 $22.0M 0.68% +182K +50.5% $40.54 +11.8%
22 BLACKROCK INCOME TR INC COM 1,861,660.0 $20.6M 0.63% +1.6M +538.9% $11.04
23 ANSC AGRICULTURE & NATURAL SOLUTIONS ACQ CRP; TNT ACQ DT: 11/10/2025; CASH: $10.00 Financial Services 1,685,893.0 $18.9M 0.58% +346K +25.9% $11.19 +1.3%
24 ASG LIBERTY ALL-STAR GROWTH FD Financial Services 3,517,079.0 $18.6M 0.57% +165K +4.9% $5.30 -2.5%
25 BLACKROCK NEW YORK MUNICIPAL INCOME TRUST 1,653,365.0 $16.8M 0.52% +969K +141.7% $10.14
26 AFB ALLIANCE NATIONAL MUNICIPAL INCOME FUND Financial Services 1,539,698.0 $16.7M 0.51% +258K +20.1% $10.82 +1.4%
27 COPL COPLEY ACQ CRP; TNT ACQ DT: 4/30/2027; CASH: $10.05 Financial Services 1,535,003.0 $15.7M 0.48% +175K +12.9% $10.20 +1.8%
28 EWC ISHARES MSCI CDA ETF 286,858.0 $15.5M 0.47% +17K +6.4% $53.93 +6.5%
29 GCOW PACER GLOBAL CASH COWS DIVIDEND 353,352.0 $14.6M 0.45% +17K +5.0% $41.22 +11.6%
30 CHW CALAMOS GLOBAL DYNAMIC INCOME FUND Financial Services 1,941,888.0 $14.4M 0.44% +276K +16.6% $7.41 +16.6%
31 K&F GROWTH ACQ CRP; TNT ACQ DT: 11/05/2026; CASH: $10.05 1,328,387.0 $13.7M 0.42% +182K +15.9% $10.32
32 PCQ PIMCO CALIFORNIA MUNICIPAL INC Financial Services 1,554,343.0 $13.6M 0.42% +183K +13.4% $8.73 -0.5%
33 EZU ISHARES EMU ETF 210,019.0 $13.5M 0.41% +17K +8.7% $64.10 +2.9%
34 GLOBA TERRA ACQ CRP; TNT ACQ DT: 10/08/2026; CASH: $10.00 956,762.0 $9.7M 0.30% +803K +523.0% $10.10
35 EOD ALLSPRING GLOBAL DIVIDEND OPPORTUNITY FUND Financial Services 1,641,368.0 $9.6M 0.29% +857K +109.2% $5.83 +9.6%
36 EDEN ISHARES MSCI DENMARK ETF 77,516.0 $8.9M 0.27% +23K +42.0% $114.47 -3.5%
37 BLACKROCK MUNIYIELD FUND, INC. 815,853.0 $8.6M 0.26% +607K +289.9% $10.49
38 ORIQ ORIGIN ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.10 Financial Services 819,444.0 $8.3M 0.25% +390K +91.0% $10.11 +1.5%
39 CO2 ENERGY TRANSITION ACQ CRP; TNT ACQ DT: 5/21/2026; CASH: $10.05 780,246.0 $8.0M 0.25% +43K +5.8% $10.29
40 KCHV KOCHAV DEFENSE ACQ CRP; TNT ACQ DT: 11/28/2026; CASH: $10.00 Financial Services 764,019.0 $7.7M 0.24% +649K +564.4% $10.14 +1.7%
Page 2 of 4  ·  67 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 99.7%
Healthcare 0.1%
Technology 0.1%
Communication Services 0.0%
Consumer Cyclical 0.0%
Industrials 0.0%