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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 2  ·  35 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 HAVA HARVARD AVE ACQ CRP; TNT ACQ DT: 4/30/2027; CASH:$10.00 Financial Services 99,150.0 $985K 0.03% NEW $9.93 +1.3%
22 STONEBRIDGE ACQ CRP II; TNT ACQ DT: 4/3/2027; CASH: $10.00 96,775.0 $963K 0.03% NEW $9.95
23 GIGCAPITAL8 ACQ CRP ; TNT ACQ DT: 10/6/2027; CASH: $10.00 89,950.0 $890K 0.03% NEW $9.89
24 JCE NUVEEN CORE EQUITY ALPHA FUND COM Financial Services 49,077.0 $782K 0.02% NEW $15.94 +1.9%
25 NBH NUEBERGER BERMAN MUNICIPAL FUND INC Financial Services 68,199.0 $690K 0.02% NEW $10.12 +1.9%
26 AA MISSION ACQ CRP II; TNT ACQ DT: 10/1/2027; CASH: $10.00 66,850.0 $664K 0.02% NEW $9.94
27 PYROPHYTE ACQ CRP; TNT ACQ DT: 7/17/2027; CASH: $10.00 50,000.0 $503K 0.01% NEW $10.06
28 APEX TREASURY ACQ CRP UNIT; TNT ACQ DT: 10/28/2027; CASH: $10.00 49,675.0 $497K 0.01% NEW $10.01
29 PAYX PAYCHEX INC Industrials 3,290.0 $369K 0.01% NEW $112.18 -20.8%
30 LAFA LAFAYETTE ACQUISTION CORP Financial Services 27,590.0 $273K 0.01% NEW $9.90 +1.1%
31 AMGN AMGEN INC COM Healthcare 680.0 $223K 0.01% NEW $327.31 -0.3%
32 INSIGHT DIGITAL PARTNERS ACQ CRP II UNIT; TNT ACQ DT: 10/29/2027; CASH: $10.00 19,550.0 $197K 0.01% NEW $10.07
33 PPT PUTNAM PREMIER INCOME TRUST Financial Services 43,512.0 $154K 0.01% NEW $3.54 -2.5%
34 LATA GALATA ACQ CRP II; TNT ACQ DT: 9/19/2027; CASH: $10.00 Financial Services 15,000.0 $149K 0.01% NEW $9.92 +1.3%
35 D BORAL ARC ACQ CRP; TNT ACQ DT: 4/30/2027; CASH: $10.00 10,500.0 $105K 0.00% NEW $10.03
Page 2 of 2  ·  35 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%