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Portfolio (Quarterly) Guide ↗

Karpus Management, Inc.

· CIK 0001048703
13F Portfolio $3.2B AUM Filed Nov 14, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 204 New
Page 10 of 11  ·  204 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 FOUR LEAF ACQ CRP; TNT ACQ DT: 3/17/2024; CASH: $10.30 73,238.0 $842K 0.03% NEW $11.50
182 SOLARIUS ACQ CRP; TNT ACQ DT: 4/16/2027; CASH: $10.05 75,615.0 $753K 0.02% NEW $9.96
183 IAF ABRDN AUSTRALIA EQUITY FUND Financial Services 162,446.0 $746K 0.02% NEW $4.59 +182.1%
184 EQV VENTURES ACQ CRP V; TNT ACQ DT: 8/7/2026; CASH: $10.00 65,800.0 $683K 0.02% NEW $10.38
185 NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND 55,905.0 $671K 0.02% NEW $12.00
186 BSAA BEST SPAC ACQ CRP; TNT ACQ DT: 12/13/2026; CASH: $10.00 Financial Services 64,695.0 $650K 0.02% NEW $10.04 +2.8%
187 MYI BlackRock MuniYield Quality Fund III Financial Services 56,400.0 $625K 0.02% NEW $11.08 -2.9%
188 VMO INVESCO MUNICIPAL OPPORTUNITY Financial Services 61,249.0 $592K 0.02% NEW $9.67 -1.4%
189 BIL SPDR BLOOMBERG 1-3 MONTH T-BILL ETF 6,290.0 $577K 0.02% NEW $91.75 -0.2%
190 HD HOME DEPOT INC COM Consumer Cyclical 1,400.0 $567K 0.02% NEW $405.19 -24.9%
191 LLY LILLY ELI & CO COM Healthcare 680.0 $519K 0.02% NEW $763.00 +31.9%
192 IEMG ISHARES CORE MSCI EMERGING MARKETS ETF 6,795.0 $448K 0.01% NEW $65.92 +20.6%
193 ACWX ISHARES TR MSCI ACWI EX US 5,938.0 $386K 0.01% NEW $65.01 +13.4%
194 HTD JOHN HANCOCK T/A DVD INCOME Financial Services 11,430.0 $283K 0.01% NEW $24.80 +1.2%
195 AGG ISHARES LEHMAN AGG BOND FUND 2,760.0 $277K 0.01% NEW $100.25 -2.2%
196 VT VANGUARD TOTAL WORLD STOCK ETF 1,945.0 $268K 0.01% NEW $137.80 +11.4%
197 DIS DISNEY WALT CO COM DISNEY Communication Services 2,215.0 $254K 0.01% NEW $114.50 -7.9%
198 ABBV ABBVIE INC COM Healthcare 1,050.0 $243K 0.01% NEW $231.54 -9.1%
199 BLACKROCK MUNIHOLDINGS QUALITY FUND II INC 22,050.0 $222K 0.01% NEW $10.06
200 EATON VANCE CALIFORNIA MUNICIPAL BOND FUND 20,710.0 $197K 0.01% NEW $9.49
Page 10 of 11  ·  204 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%