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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 7 of 11  ·  214 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 XRPN ARMADA ACQ CRP II; TNT ACQ DT: 5/16/2027; CASH: $10.00 Financial Services 547,500.0 $5.6M 0.17% $10.24 +1.9%
122 BLACKROCK MINVESTMENT QALITY MUNICIPAL TRUST 493,618.0 $5.5M 0.17% +370K +299.6% $11.20
123 Virtus DVD Intrst & PRM STR 413,044.0 $5.3M 0.16% -458K -52.6% $12.89
124 THAYER VENTURES ACQ CRP II; TNT ACQ DT:3/15/2027; CASH:$10.00 523,600.0 $5.3M 0.16% $10.12
125 MGF MFS GOVT MKTS INCOME TR SH BEN INT Financial Services 1,686,089.0 $5.1M 0.16% -95K -5.3% $3.02 -5.1%
126 STEW SRH TOTAL RETURN FUND INC Financial Services 274,910.0 $5.1M 0.16% -11K -3.8% $18.54 -5.2%
127 FUTURE VISION ACQ CRP II; TNT ACQ DT: 03/21/2026; CASH: $10.05 480,644.0 $5.1M 0.16% $10.55
128 ALIS CALISA ACQ CRP; TNT ACQ DT: 4/22/2027; CASH: $10.00 Financial Services 500,375.0 $5.0M 0.15% NEW $9.93 +1.2%
129 QUANTUMSPHERE ACQ CRP; TNT ACQ DT: 2/6/2027; CASH: $10.00 494,350.0 $4.9M 0.15% NEW $10.01
130 PIONEER ACQ CRP; TNT ACQ DT: 6/18/2027; CASH: $10.00 481,088.0 $4.8M 0.15% +321K +200.7% $10.05
131 BSTZ BLACKROCK SCIENCE AND TECHNOLOGY TRUST II Financial Services 212,726.0 $4.8M 0.15% -4K -1.8% $22.61 +23.3%
132 BSV VANGUARD BD INDEX FD INC SHORT TRM BOND 60,295.0 $4.8M 0.15% +575.0 +1.0% $78.81 -1.3%
133 BLACKROCK MUNIVEST FUND II 438,019.0 $4.7M 0.14% +29K +7.1% $10.81
134 IIF MORGAN STANLEY INDIA INVS FD COM Financial Services 173,700.0 $4.3M 0.13% -2K -1.1% $24.98 -14.0%
135 JHS JOHN HANCOCK INCOME SECURITIES TRUST Financial Services 369,608.0 $4.3M 0.13% +204K +123.7% $11.71 -6.0%
136 ZTR VIRTUS GLOBAL DIVIDEND & INCOME FUND Financial Services 677,225.0 $4.3M 0.13% -450K -39.9% $6.30 +5.7%
137 GF NEW GERMANY FUND Financial Services 368,998.0 $4.2M 0.13% +8K +2.2% $11.42 +3.5%
138 TWN TAIWAN FD INC COM Financial Services 77,700.0 $4.1M 0.13% -3K -3.7% $53.38 +70.1%
139 MYI BlackRock MuniYield Quality Fund III Financial Services 375,708.0 $4.1M 0.12% +319K +566.1% $10.87 -1.0%
140 SILVER PEGASUS ACQ CRP; TNT ACQ DT: 1/15/2027; CASH: $10.00 404,542.0 $4.1M 0.12% +392K +3136.3% $10.06
Page 7 of 11  ·  214 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%