Karpus Management, Inc.
AdviserFiling Date
Global Rank
#1,141
/ 8,818
▼ 46
Top Industry
Asset Management
64.4%
Period ended 4 months ago
Filed Aug 14, 2026 · 2mo
26 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Adviser
Schedule 13G, Oct 2, 2026
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Diversified active
Top 10 weight 49.5%, 26.8 effective positions, active share 92.6% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Medium turnover
40.5% over the last four quarters (30% to under 100%)
Horizon
Long horizon
Value-weighted holding period 14.4 quarters (12+), a floor since 32.3% of the book was already held when coverage starts
Closest benchmark: every 13F filer's combined book, active share 92.6%; sector active share 75.8% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
233 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
11.3%
−0.2 pts
Top 5
38.6%
+2.5 pts
Top 10
49.5%
+1.5 pts
HHI
373
Diversified+26
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 64.0% | $2,226,675,917 |
| Unclassified | 35.9% | $1,247,870,873 |
| Healthcare | 0.0% | $1,326,075 |
| Technology | 0.0% | $1,154,386 |
| Consumer Cyclical | 0.0% | $493,752 |
| Communication Services | 0.0% | $213,193 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AFB | Alliancebernstein National Municipal Income Fund | +1,050,144 | 3,603,262 | $41,113,219 | |
| FIGX | FIGX Capital Acquisition Corp. | +723,375 | 1,163,324 | $11,900,804 | |
| TLT | iShares 20+ Year Treasury Bond ETF | +609,538 | 882,953 | $76,304,798 | |
| ORIQ | Origin Investment Corp I | +410,800 | 1,286,528 | $13,264,103 | |
| HEQ | John Hancock Diversified Income Fund | +391,119 | 909,620 | $10,442,437 | |
| BGY | BlackRock Enhanced International Dividend Trust | +378,256 | 2,327,943 | $13,362,392 | |
| PNI | Pimco New York Municipal Income Fund II | +377,694 | 1,113,329 | $7,893,502 | |
| ASG | Liberty All Star Growth Fund Inc. | +328,182 | 4,548,670 | $24,881,224 | |
| JHS | John Hancock Income Securities Trust | +313,463 | 846,161 | $9,333,155 | |
| IEF | iShares 7-10 Year Treasury Bond ETF | +304,401 | 331,612 | $31,360,546 | |
| WIA | Western Asset Inflation-Linked Income Fund | +302,388 | 8,648,798 | $70,314,727 | |
| CHW | Calamos Global Dynamic Income Fund | +269,121 | 2,460,540 | $21,923,411 | |
| PCQ | Pimco California Municipal Income Fund | +252,546 | 2,031,479 | $18,222,366 | |
| XFLH | XFLH Capital Corp | +223,900 | 448,750 | $4,474,037 | |
| BND | VANGUARD TOTAL BOND MARKET INDEX FUND | +215,468 | 565,055 | $41,480,687 | |
| DMII | Drugs Made In America Acquisition II Corp. | +190,075 | 2,787,998 | $28,047,259 | |
| HAVA | Harvard Ave Acquisition Corp | +188,178 | 814,093 | $8,222,339 | |
| VUG | VANGUARD GROWTH INDEX FUND | +168,102 | 201,907 | $17,392,268 | |
| VNME | Vendome Acquisition Corp I | +162,850 | 1,247,903 | $12,716,131 | |
| BLV | VANGUARD LONG-TERM BOND INDEX FUND | +162,408 | 2,132,736 | $147,009,492 | |
| USA | Liberty All Star Equity Fund | +155,356 | 3,271,867 | $19,009,547 | |
| MEGI | NYLIM CBRE Global Infrastructure Megatrends Term Fund | +147,858 | 656,967 | $9,985,898 | |
| HVMC | Highview Merger Corp. | +147,450 | 344,650 | $3,501,644 | |
| OYSE | Oyster Enterprises II Acquisition Corp | +145,935 | 803,996 | $8,273,118 | |
| IGI | Western Asset Investment Grade Opportunity Trust Inc. | +145,661 | 529,003 | $8,522,238 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| QSEA | Quartzsea Acquisition Corp | −1,282,040 | 974,765 | $10,254,527 | |
| MUC | Blackrock Muniholdings California Quality Fund, Inc. | −776,322 | 4,603,531 | $50,592,805 | |
| PLMK | Plum Acquisition Corp. IV | −650,450 | 11,750 | $125,255 | |
| EIM | Eaton Vance Municipal Bond Fund | −636,254 | 1,660,000 | $16,533,600 | |
| KTF | Dws Municipal Income Trust | −530,059 | 2,760,957 | $25,400,804 | |
| GF | New Germany Fund Inc | −349,894 | 17,287 | $198,109 | |
| ZTR | Virtus Total Return Fund Inc. | −292,558 | 183,208 | $1,251,310 | |
| TAVI | Tavia Acquisition Corp. | −283,575 | 1,893,627 | $20,214,468 | |
| QQQX | Nuveen NASDAQ 100 Dynamic Overwrite Fund | −243,109 | 1,393,850 | $42,010,639 | |
| MYI | Blackrock Muniyield Quality Fund III, Inc. | −234,550 | 5,442,103 | $60,461,764 | |
| MYN | Blackrock Muniyield New York Quality Fund, Inc. | −220,786 | 7,938,637 | $80,577,165 | |
| MHD | Blackrock Muniholdings Fund, Inc. | −216,439 | 19,816,954 | $235,821,752 | |
| MQY | Blackrock Muniyield Quality Fund, Inc. | −201,986 | 2,414,908 | $28,012,932 | |
| NTWO | Newbury Street II Acquisition Corp | −112,281 | 461,231 | $4,907,497 | |
| NBXG | Neuberger Next Generation Connectivity Fund Inc. | −87,923 | 2,981,177 | $49,308,667 | |
| SCII | SC II Acquisition Corp. | −83,642 | 2,942,837 | $29,516,655 | |
| — | −77,950 | 29,400 | $1,410,318 | ||
| MKLY | McKinley Acquisition Corp | −77,500 | 1,825,871 | $18,532,590 | |
| KFII | K&F Growth Acquisition Corp. II | −72,100 | 1,245,037 | $13,135,140 | |
| LCCC | Lakeshore Acquisition III Corp. | −71,300 | 229,575 | $2,389,875 | |
| VEU | Vanguard International Equity Index Funds | −64,873 | 911,846 | $76,367,102 | |
| NOEM | CO2 Energy Transition Corp. | −58,100 | 671,571 | $7,011,201 | |
| AIIA | AI Infrastructure Acquisition Corp. | −57,149 | 2,009,049 | $20,552,571 | |
| GDV | Gabelli Dividend & Income Trust | −55,430 | 1,444,270 | $42,461,538 | |
| DPG | Duff & Phelps Utility & Infrastructure Fund Inc. | −51,615 | 481,585 | $7,146,721 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| AACP | Apogee Acquisition Corp | 2,648,075 | $26,348,346 | |
| VECA | Vernal Capital Acquisition Corp. | 1,484,400 | $14,754,936 | |
| ACGC | ACP Holdings Acquisition Corp. | 1,348,625 | $13,405,332 | |
| BHAV | BHAV Acquisition Corp | 1,267,457 | $12,585,848 | |
| TRAD | APEX Tech Acquisition Inc. | 1,171,450 | $11,655,927 | |
| FMAC | Future Money Acquisition Corp | 1,163,950 | $11,616,221 | |
| GAB | Gabelli Equity Trust Inc | 1,973,929 | $11,172,438 | |
| ARTC | Art Technology Acquisition Corp. | 973,200 | $9,663,876 | |
| PECE | Peace Acquisition Corp. | 733,675 | $7,278,056 | |
| OHAC | Oceanhawk Acquisition Corp. | 672,300 | $6,655,770 | |
| QRED | QuasarEdge Acquisition Corp | 553,175 | $5,493,027 | |
| KTWO | K2 Capital Acquisition Corp | 490,700 | $4,882,465 | |
| WENC | West Enclave Merger Corp. | 439,253 | $4,357,389 | |
| DISV | Dimensional International Small Cap Value ETF | 105,610 | $4,238,129 | |
| QADR | QDRO Acquisition Corp. | 399,050 | $3,954,585 | |
| SORN | Soren Acquisition Corp. | 361,700 | $3,588,064 | |
| XSLL | Xsolla SPAC 1 | 320,225 | $3,170,227 | |
| PAI | Western Asset Investment Grade Income Fund Inc. | 206,018 | $2,496,938 | |
| ARCL | ARC Group Acquisition I Corp. | 247,600 | $2,446,288 | |
| EVAC | EQV Ventures Acquisition Corp. II | 200,000 | $2,036,000 | |
| MCAH | Mountain Crest Acquisition 6 Corp. | 167,500 | $1,661,600 | |
| VSDM | VANGUARD SHORT DURATION TAX-EXEMPT BOND ETF | 21,000 | $1,609,230 | |
| MYX | Maywood Acquisition Corp. 2 | 121,422 | $1,199,649 | |
| PONO | Pono Capital Four, Inc. | 109,525 | $1,090,869 | |
| BREZ | Breeze Acquisition Corp. II | 110,000 | $1,090,100 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| GPAT | GP-Act III Acquisition Corp. | 2,230,216 | $24,175,541 | |
| — | 2,139,308 | $23,510,995 | ||
| SIMA | SIM Acquisition Corp. I | 1,725,032 | $18,492,343 | |
| LPAA | Launch One Acquisition Corp. | 1,085,250 | $11,623,027 | |
| CUB | Lionheart Holdings | 1,031,975 | $11,104,051 | |
| IGE | iShares North American Natural Resources ETF | 127,079 | $7,998,352 | |
| FSHP | Flag Ship Acquisition Corp | 727,825 | $7,955,127 | |
| ETG | Eaton Vance Tax-Advantaged Global Dividend Income Fund | 387,327 | $7,793,019 | |
| — | 667,041 | $7,144,009 | ||
| ENHA | Enhanced Group Inc. | 654,061 | $6,651,800 | |
| BACC | Blue Acquisition Corp | 645,990 | $6,595,557 | |
| — | 620,220 | $6,530,979 | ||
| TDAC | Translational Development Acquisition Corp. | 603,425 | $6,384,236 | |
| TWN | Taiwan Fund Inc | 75,028 | $4,932,340 | |
| RDAC | Rising Dragon Acquisition Corp. | 736,550 | $3,528,074 | |
| XRPNU | Armada Acquisition Corp. II | 299,800 | $3,180,878 | |
| EURK | Eureka Acquisition Corp | 200,925 | $2,278,489 | |
| TONT | Graf Global Corp. | 192,600 | $2,062,746 | |
| BSAA | BEST SPAC I Acquisition Corp. | 170,501 | $1,749,340 | |
| AXIN | Axiom Intelligence Acquisition Corp 1 | 102,500 | $1,038,325 | |
| — | 83,900 | $870,043 | ||
| STEW | SRH Total Return Fund, Inc. | 29,393 | $502,620 | |
| AOD | abrdn Total Dynamic Dividend Fund | 11,500 | $105,915 | |
| — | 66,700 | $0 | ||
| — | 20,000 | $0 | ||
| No positions match the current search. | ||||
233 tracked positions ·
$3,477,734,196 total
· filing declares
233 positions · $3,476,175,130
· as of Jun 30, 2026
Showing 1–50
of 233 positions by value
· page 1 of 5
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| VOO |
VANGUARD 500 INDEX FUND
|
Reduced | 366,496 | $251,713,117 | 7.24% | |
| MHD |
Blackrock Muniholdings Fund, Inc.
Financial Services
|
Reduced | 19,816,954 | $235,821,752 | 6.78% | |
| BLV |
VANGUARD LONG-TERM BOND INDEX FUND
|
Added | 2,132,736 | $147,009,492 | 4.23% | |
| BTT |
BlackRock Municipal 2030 Target Term Trust
Financial Services
|
Reduced | 4,641,247 | $105,588,369 | 3.04% | |
| VB |
Vanguard Index Funds
|
Reduced | 319,556 | $96,863,814 | 2.79% | |
| MYN |
Blackrock Muniyield New York Quality Fund, Inc.
Financial Services
|
Reduced | 7,938,637 | $80,577,165 | 2.32% | |
| VWO |
VANGUARD EMERGING MARKETS STOCK INDEX FUND
|
Reduced | 1,294,280 | $77,255,573 | 2.22% | |
| VEU |
Vanguard International Equity Index Funds
|
Reduced | 911,846 | $76,367,102 | 2.20% | |
| TLT |
iShares 20+ Year Treasury Bond ETF
|
Added | 882,953 | $76,304,798 | 2.19% | |
| WIA |
Western Asset Inflation-Linked Income Fund
Financial Services
|
Added | 8,648,798 | $70,314,727 | 2.02% | |
| MYI |
Blackrock Muniyield Quality Fund III, Inc.
Financial Services
|
Reduced | 5,442,103 | $60,461,764 | 1.74% | |
| IVV |
iShares Core S&P 500 ETF
|
Reduced | 80,591 | $60,353,793 | 1.74% | |
| FINS |
Angel Oak Financial Strategies Income Term Trust
Financial Services
|
Reduced | 4,654,677 | $59,579,865 | 1.71% | |
| MUC |
Blackrock Muniholdings California Quality Fund, Inc.
Financial Services
|
Reduced | 4,603,531 | $50,592,805 | 1.45% | |
| NBXG |
Neuberger Next Generation Connectivity Fund Inc.
Financial Services
|
Reduced | 2,981,177 | $49,308,667 | 1.42% | |
| VCRM |
Vanguard Municipal Bond Funds
|
Added | 613,630 | $46,881,332 | 1.35% | |
| GDV |
Gabelli Dividend & Income Trust
Financial Services
|
Reduced | 1,444,270 | $42,461,538 | 1.22% | |
| CSQ |
Calamos Strategic Total Return Fund
Financial Services
|
Added | 2,052,204 | $42,193,314 | 1.21% | |
| QQQX |
Nuveen NASDAQ 100 Dynamic Overwrite Fund
Financial Services
|
Reduced | 1,393,850 | $42,010,639 | 1.21% | |
| BND |
VANGUARD TOTAL BOND MARKET INDEX FUND
|
Added | 565,055 | $41,480,687 | 1.19% | |
| AFB |
Alliancebernstein National Municipal Income Fund
Financial Services
|
Added | 3,603,262 | $41,113,219 | 1.18% | |
| VPL |
VANGUARD PACIFIC STOCK INDEX FUND
|
Reduced | 337,048 | $38,993,083 | 1.12% | |
| IEUR |
iShares Core MSCI Europe ETF
|
Reduced | 481,445 | $36,190,220 | 1.04% | |
| BST |
BlackRock Science & Technology Trust
Financial Services
|
Added | 639,482 | $32,428,132 | 0.93% | |
| IEF |
iShares 7-10 Year Treasury Bond ETF
|
Added | 331,612 | $31,360,546 | 0.90% | |
| IWB |
iShares Russell 1000 ETF
|
Reduced | 74,490 | $30,503,655 | 0.88% | |
| SCII |
SC II Acquisition Corp.
Financial Services
|
Reduced | 2,942,837 | $29,516,655 | 0.85% | |
| DMII |
Drugs Made In America Acquisition II Corp.
Financial Services
|
Added | 2,787,998 | $28,047,259 | 0.81% | |
| MQY |
Blackrock Muniyield Quality Fund, Inc.
Financial Services
|
Reduced | 2,414,908 | $28,012,932 | 0.81% | |
| DMAA |
Drugs Made In America Acquisition Corp.
Financial Services
|
Reduced | 2,507,817 | $26,708,251 | 0.77% | |
| AACP |
Apogee Acquisition Corp
Financial Services
|
NEW | 2,648,075 | $26,348,346 | 0.76% | |
| VTI |
VANGUARD TOTAL STOCK MARKET INDEX FUND
|
Reduced | 68,670 | $25,410,646 | 0.73% | |
| KTF |
Dws Municipal Income Trust
Financial Services
|
Reduced | 2,760,957 | $25,400,804 | 0.73% | |
| VGK |
VANGUARD EUROPEAN STOCK INDEX FUND
|
Reduced | 283,483 | $25,099,584 | 0.72% | |
| ASG |
Liberty All Star Growth Fund Inc.
Financial Services
|
Added | 4,548,670 | $24,881,224 | 0.72% | |
| CHW |
Calamos Global Dynamic Income Fund
Financial Services
|
Added | 2,460,540 | $21,923,411 | 0.63% | |
| XLF |
State Street Corp
Financial Services
|
Added | 405,788 | $21,754,294 | 0.63% | |
| ETO |
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund
Financial Services
|
Added | 699,132 | $21,582,204 | 0.62% | |
| AIIA |
AI Infrastructure Acquisition Corp.
Financial Services
|
Reduced | 2,009,049 | $20,552,571 | 0.59% | |
| TAVI |
Tavia Acquisition Corp.
Financial Services
|
Reduced | 1,893,627 | $20,214,468 | 0.58% | |
| BKT |
Blackrock Income Trust, Inc.
Financial Services
|
Reduced | 1,828,427 | $19,600,737 | 0.56% | |
| EZU |
iShares Trust
|
Reduced | 278,697 | $19,369,441 | 0.56% | |
| VGT |
VANGUARD INFORMATION TECHNOLOGY INDEX FUND
|
Added | 161,378 | $19,287,898 | 0.55% | |
| USA |
Liberty All Star Equity Fund
Financial Services
|
Added | 3,271,867 | $19,009,547 | 0.55% | |
| MKLY |
McKinley Acquisition Corp
Financial Services
|
Reduced | 1,825,871 | $18,532,590 | 0.53% | |
|
|
Reduced | 1,613,968 | $18,431,514 | 0.53% | ||
| EWC |
iShares Trust
|
Added | 317,284 | $18,288,249 | 0.53% | |
| PCQ |
Pimco California Municipal Income Fund
Financial Services
|
Added | 2,031,479 | $18,222,366 | 0.52% | |
| GCOW |
Pacer Global Cash Cows Dividend ETF
|
Added | 413,372 | $17,899,007 | 0.51% | |
| RFAI |
RF Acquisition Corp II
Financial Services
|
Reduced | 1,619,533 | $17,863,448 | 0.51% |
Showing the top 50 of 233 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.