Bulldog Investors, LLP

CIK

1504304

Location

SADDLE BROOK, NJ

Portfolio Value

Small $388,540,824

Diversification

Diversified

Filing Date

Global Rank

#2,709 / 8,232 ▲ 325

Top Industry

Asset Management 64.2%

3Y Alpha vs SPY

-9.4%

Period ended 2 months ago

Filed May 8, 2026 · 37d

24 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+38.1%

SPY

+76.3%

Annualised alpha

-9.4%

Max drawdown

−10.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

106 positions · as of Mar 31, 2026 · Δ vs Sep 30, 2025

Top Position

5.7%

+0.2 pts

Top 5

24.3%

−0.7 pts

Top 10

40.6%

−0.1 pts

HHI

240

Diversified−5

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	85.8%	$333,266,054	95
Energy	3.9%	$15,185,920	1
Industrials	3.8%	$14,931,359	1
Real Estate	3.4%	$13,249,376	5
Consumer Defensive	1.9%	$7,200,848	1
Consumer Cyclical	0.9%	$3,434,331	1
Unclassified	0.3%	$1,272,936	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Sep 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
LEO	Bny Mellon Strategic Municipals, Inc.	+851,239	1,576,371	$9,915,373
DSM	Bny Mellon Strategic Municipal Bond Fund, Inc.	+749,504	3,373,942	$20,277,391
CMU	Mfs High Yield Municipal Trust	+536,772	3,531,732	$12,643,600
IHD	Voya Emerging Markets High Dividend Equity Fund	+401,941	982,438	$6,543,037
MRCC	MONROE CAPITAL Corp	+315,767	966,788	$4,447,224
OTF	Blue Owl Technology Finance Corp.	+286,206	675,861	$8,373,917
BBDC	Barings BDC, Inc.	+267,482	334,904	$2,756,259
FSK	FS KKR Capital Corp	+264,570	505,688	$5,147,903
CXH	Mfs Investment Grade Municipal Trust	+204,004	1,184,498	$9,464,139
DMB	BNY Mellon Municipal Bond Infrastructure Fund, Inc.	+188,770	520,749	$5,488,694
GLO	Clough Global Opportunities Fund	+173,283	619,001	$3,447,835
STEW	SRH Total Return Fund, Inc.	+170,000	1,287,582	$22,017,652
NWFL	Norwood Financial Corp	+160,669	170,000	$5,001,400
RWAY	Runway Growth Finance Corp.	+158,845	1,200,129	$8,244,886
LWAC	LightWave Acquisition Corp.	+157,186	257,186	$2,623,297
EVAC	EQV Ventures Acquisition Corp. II	+149,838	166,545	$1,680,439
VNME	Vendome Acquisition Corp I	+124,990	237,392	$2,392,911
OYSE	Oyster Enterprises II Acquisition Corp	+109,689	324,436	$3,299,514
ICMB	Investcorp Credit Management BDC, Inc.	+74,028	596,780	$966,783
GF	New Germany Fund Inc	+40,595	532,074	$5,437,796
IAE	Voya Asia Pacific High Dividend Equity Income Fund	+35,205	441,260	$3,252,086
NBXG	Neuberger Next Generation Connectivity Fund Inc.	+32,745	1,169,731	$15,054,437
TPL	Texas Pacific Land Corp	+22,300	32,000	$15,185,920
CCAP	Crescent Capital BDC, Inc.	+19,437	456,955	$5,552,003
VLGEA	Village Super Market Inc	+19,005	170,515	$7,200,848
No positions match the current search.

Trimmed

Positions the filer reduced

20 positions

Ticker	Company	Δ Shares	Shares	Value
CNNE	Cannae Holdings, Inc.	−226,681	302,052	$3,434,331
SIMA	SIM Acquisition Corp. I	−215,644	200,000	$2,144,000
RANG	Range Capital Acquisition Corp.	−165,736	100,000	$1,052,000
DMA	Destra Multi-Alternative Fund	−153,980	126,112	$1,022,768
GRAF	Graf Global Corp.	−130,807	100,000	$1,071,000
TAVI	Tavia Acquisition Corp.	−116,064	100,000	$1,056,000
JOF	Japan Smaller Capitalization Fund Inc	−113,767	104,181	$1,135,572
CCIF	Carlyle Credit Income Fund	−108,755	219,660	$705,108
ECF	Ellsworth Growth & Income Fund Ltd	−83,850	228,613	$2,549,034
BCIC	BCP Investment Corp	−81,595	378,412	$2,845,658
SWZ	Total Return Securities Fund	−67,115	39,787	$235,936
GAM	General American Investors Co Inc	−31,160	296,450	$17,333,431
FERA	Fifth Era Acquisition Corp I	−23,293	50,953	$524,815
JENA	JENA ACQUISITION Corp II	−9,721	95,350	$974,477
BEAG	Bold Eagle Acquisition Corp.	−7,653	301,986	$3,187,462
CCAQ	Collective Acquisition Corp.	−4,969	249,705	$2,579,452
JACS	Jackson Acquisition Co II	−4,114	408,760	$4,328,768
ALDF	Aldel Financial II Inc.	−1,004	56,940	$601,286
GDV	Gabelli Dividend & Income Trust	−904	299,891	$8,076,064
GDL	Gdl Fund	−174	409,748	$3,413,200
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
BPRE	Bluerock Private Real Estate Fund	373,019	$6,195,845
HEQ	John Hancock Diversified Income Fund	558,291	$6,063,040
ELME	Elme Communities	2,000,000	$4,020,000
OBDC	Blue Owl Capital Corp	338,369	$3,742,361
DYOR	Insight Digital Partners II	323,088	$3,216,341
BCSS	Bain Capital GSS Investment Corp.	308,241	$3,116,932
NCDL	Nuveen Churchill Direct Lending Corp.	224,822	$2,859,735
DPG	Duff & Phelps Utility & Infrastructure Fund Inc.	176,130	$2,543,317
SPEG	Silver Pegasus Acquisition Corp.	235,959	$2,402,062
OIM	OneIM Acquisition Corp.	231,065	$2,301,407
HVMC	Highview Merger Corp.	219,965	$2,210,648
PGR	Progressive Corp/Oh/	11,000	$2,180,640
FVAV	Fortress Value Acquisition Corp. V	210,841	$2,114,735
SVAC	Spring Valley Acquisition Corp. III	207,313	$2,106,300
EIC	Eagle Point Income Co Inc.	217,600	$2,054,144
MEVO	M Evo Global Acquisition Corp II	206,030	$2,029,395
SPXX	Nuveen S&P 500 Dynamic Overwrite Fund	125,415	$2,015,419
MKLY	McKinley Acquisition Corp	200,000	$2,006,000
VACI	Viking Acquisition Corp I	200,000	$1,986,000
TLNC	Talon Capital Corp.	169,247	$1,726,319
BBCQ	Bleichroeder Acquisition Corp. II	157,833	$1,581,486
GIW	GigCapital8 Corp.	154,893	$1,544,283
AIIA	AI Infrastructure Acquisition Corp.	139,485	$1,399,034
GLQ	Clough Global Equity Fund	171,906	$1,294,452
SVIV	Spring Valley Acquisition Corp. IV	129,860	$1,281,718
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
AFB	Alliancebernstein National Municipal Income Fund	931,099	$10,102,424
OXLC	Oxford Lane Capital Corp.	447,288	$7,572,585
DRDB	Roman DBDR Acquisition Corp. II	685,278	$7,071,383
IIF	Morgan Stanley India Investment Fund, Inc.	229,537	$6,048,299
CUB	Lionheart Holdings	476,386	$5,006,816
FTW	PRESIDIO PRODUCTION Co	402,200	$4,174,836
ALF	Centurion Acquisition Corp.	358,246	$3,779,495
MBAV	M3-Brigade Acquisition V Corp.	326,877	$3,448,552
SOUL	Soulpower Acquisition Corp.	336,952	$3,400,182
HDRN	Hadron Energy, Inc.	319,285	$3,368,456
BACC	Blue Acquisition Corp/Cayman	306,891	$3,067,375
POLE	Andretti Acquisition Corp. II	260,734	$2,727,277
FACT	FACT II Acquisition Corp.	255,091	$2,632,539
PGZ	Principal Real Estate Income Fund	189,736	$1,984,638
SZZL	Sizzle Acquisition Corp. II	172,988	$1,743,719
ZTR	Virtus Total Return Fund Inc.	257,181	$1,658,817
LEGT	Legato Merger Corp. III	134,125	$1,440,502
BCAR	D. Boral ARC Acquisition I Corp.	137,500	$1,365,375
DYNC	Dynamix Corp	130,734	$1,360,940
DMAA	Drugs Made In America Acquisition Corp.	130,264	$1,337,811
CEE	Central & Eastern Europe Fund, Inc.	72,345	$1,111,219
SSSS	Suro Capital Corp.	121,453	$1,093,077
XRPN	Armada Acquisition Corp. II	100,000	$1,043,400
PELI	Pelican Acquisition Corp	100,000	$1,006,000
KTF	Dws Municipal Income Trust	92,604	$849,178
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

106 positions · $388,540,824 total · as of Mar 31, 2026

All sectors Consumer Cyclical Consumer Defensive Energy Financial Services Industrials Real Estate

Showing 1–50 of 106 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
STEW	SRH Total Return Fund, Inc. Financial Services	Added	1,287,582	+170,000	$22,017,652	+8.5%	5.67%
DSM	Bny Mellon Strategic Municipal Bond Fund, Inc. Financial Services	Added	3,373,942	+749,504	$20,277,391	+30.5%	5.22%
CET	Central Securities Corp Financial Services	Added	396,467	+10,421	$19,688,551	−0.7%	5.07%
GAM	General American Investors Co Inc Financial Services	Reduced	296,450	-31,160	$17,333,431	−15.0%	4.46%
TPL	Texas Pacific Land Corp Energy	Added	32,000	+22,300	$15,185,920	+403.1%	3.91%
NBXG	Neuberger Next Generation Connectivity Fund Inc. Financial Services	Added	1,169,731	+32,745	$15,054,437	−13.9%	3.87%
TRC	Tejon Ranch Co Industrials	Added	792,535	+2,075	$14,931,359	+18.2%	3.84%
CMU	Mfs High Yield Municipal Trust Financial Services	Added	3,531,732	+536,772	$12,643,600	+21.7%	3.25%
CION	CION Investment Corp Financial Services	Held	1,538,071	0	$10,520,405	−27.8%	2.71%
LEO	Bny Mellon Strategic Municipals, Inc. Financial Services	Added	1,576,371	+851,239	$9,915,373	+118.8%	2.55%
CXH	Mfs Investment Grade Municipal Trust Financial Services	Reduced	1,184,498	-950,463	$9,464,139	−43.6%	2.44%
OTF	Blue Owl Technology Finance Corp. Financial Services	Added	675,861	+286,206	$8,373,917	+55.5%	2.16%
RWAY	Runway Growth Finance Corp. Financial Services	Added	1,200,129	+158,845	$8,244,886	−22.1%	2.12%
GDV	Gabelli Dividend & Income Trust Financial Services	Reduced	299,891	-904	$8,076,064	−1.0%	2.08%
VLGEA	Village Super Market Inc Consumer Defensive	Added	170,515	+19,005	$7,200,848	+27.2%	1.85%
ALX	Alexanders Inc Real Estate	Added	28,000	+5,500	$6,613,600	+25.4%	1.70%
IHD	Voya Emerging Markets High Dividend Equity Fund Financial Services	Added	982,438	+401,941	$6,543,037	+79.8%	1.68%
BPRE	Bluerock Private Real Estate Fund Financial Services	NEW	373,019	NEW	$6,195,845	NEW	1.59%
HEQ	John Hancock Diversified Income Fund Financial Services	NEW	558,291	NEW	$6,063,040	NEW	1.56%
CCAP	Crescent Capital BDC, Inc. Financial Services	Added	456,955	+19,437	$5,552,003	−11.0%	1.43%
DMB	BNY Mellon Municipal Bond Infrastructure Fund, Inc. Financial Services	Added	520,749	+188,770	$5,488,694	+54.5%	1.41%
GF	New Germany Fund Inc Financial Services	Added	532,074	+40,595	$5,437,796	−4.3%	1.40%
FSK	FS KKR Capital Corp Financial Services	Added	505,688	+264,570	$5,147,903	+43.0%	1.32%
NWFL	Norwood Financial Corp Financial Services	Added	170,000	+160,669	$5,001,400	+2008.6%	1.29%
CB	Chubb Ltd Financial Services	Added	14,000	+6,000	$4,563,020	+102.1%	1.17%
MRCC	MONROE CAPITAL Corp Financial Services	Added	966,788	+315,767	$4,447,224	−2.7%	1.14%
JACS	Jackson Acquisition Co II Financial Services	Reduced	408,760	-4,114	$4,328,768	+1.0%	1.11%
ELME	Elme Communities Real Estate	NEW	2,000,000	NEW	$4,020,000	NEW	1.03%
OBDC	Blue Owl Capital Corp Financial Services	NEW	338,369	NEW	$3,742,361	NEW	0.96%
GLO	Clough Global Opportunities Fund Financial Services	Added	619,001	+173,283	$3,447,835	+35.7%	0.89%
CNNE	Cannae Holdings, Inc. Consumer Cyclical	Reduced	302,052	-226,681	$3,434,331	−64.5%	0.88%
GDL	Gdl Fund Financial Services	Reduced	409,748	-174	$3,413,200	−2.6%	0.88%
OYSE	Oyster Enterprises II Acquisition Corp Financial Services	Added	324,436	+109,689	$3,299,514	+53.3%	0.85%
IAE	Voya Asia Pacific High Dividend Equity Income Fund Financial Services	Added	441,260	+35,205	$3,252,086	+6.8%	0.84%
DYOR	Insight Digital Partners II Financial Services	NEW	323,088	NEW	$3,216,341	NEW	0.83%
BEAG	Bold Eagle Acquisition Corp. Financial Services	Reduced	301,986	-7,653	$3,187,462	−1.0%	0.82%
BCSS	Bain Capital GSS Investment Corp. Financial Services	NEW	308,241	NEW	$3,116,932	NEW	0.80%
NCDL	Nuveen Churchill Direct Lending Corp. Financial Services	NEW	224,822	NEW	$2,859,735	NEW	0.74%
BCIC	BCP Investment Corp Financial Services	Reduced	378,412	-81,595	$2,845,658	−46.3%	0.73%
BBDC	Barings BDC, Inc. Financial Services	Added	334,904	+267,482	$2,756,259	+366.7%	0.71%
LWAC	LightWave Acquisition Corp. Financial Services	Added	257,186	+157,186	$2,623,297	+163.6%	0.68%
CCAQ	Collective Acquisition Corp. Financial Services	Reduced	249,705	-4,969	$2,579,452	+0.2%	0.66%
ECF	Ellsworth Growth & Income Fund Ltd Financial Services	Reduced	228,613	-83,850	$2,549,034	−29.7%	0.66%
DPG	Duff & Phelps Utility & Infrastructure Fund Inc. Financial Services	NEW	176,130	NEW	$2,543,317	NEW	0.65%
SPEG	Silver Pegasus Acquisition Corp. Financial Services	NEW	235,959	NEW	$2,402,062	NEW	0.62%
VNME	Vendome Acquisition Corp I Financial Services	Added	237,392	+124,990	$2,392,911	+114.4%	0.62%
OIM	OneIM Acquisition Corp. Financial Services	NEW	231,065	NEW	$2,301,407	NEW	0.59%
HVMC	Highview Merger Corp. Financial Services	NEW	219,965	NEW	$2,210,648	NEW	0.57%
PGR	Progressive Corp/Oh/ Financial Services	NEW	11,000	NEW	$2,180,640	NEW	0.56%
SIMA	SIM Acquisition Corp. I Financial Services	Reduced	200,000	-215,644	$2,144,000	−51.1%	0.55%