KARPAS STRATEGIES, LLC

PrivateCIK: 1127544

Location

LITCHFIELD, CT

117

Positions

$318.83M

Total AUM (reported)

6.73M

Total Shares

Allocation by class

STOCK$292.15M91.6%

REIT$12.77M4.0%

ETF$8.42M2.6%

CEF$3.14M1.0%

ADR$2.35M0.7%

Portfolio Concentration

Top 3$67.35M21.1%

4–10$77.51M24.3%

11–25$75.38M23.6%

Rest$98.59M30.9%

Top 3 weight

21.1%

Top 10 weight

45.4%

Voting Authority Distribution

Total shares with voting rights: 6.73M

Sole

Full voting authority

6.67M

% of voting shares99.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

55.58K

% of voting shares0.8%

Investment Discretion (by position count)

Sole117

Shared0

Other0

Dominant voting typeSole · 99.2% of voting shares

Institutional Holdings117

Rows:

BROOKFIELD CORP CL A LTD VT SH

SOLE

Stock

Shares717.84K

TypeSH

Market value$29.82M

9.35%

Sole

711.32K

Shared

0.00

None

6.52K

JOHNSON & JOHNSON COM

SOLE

Stock

Shares130.22K

TypeSH

Market value$19.03M

5.97%

Sole

129.82K

Shared

0.00

None

402.00

CHARLES SCHWAB CORP COM

SOLE

Stock

Shares251K

TypeSH

Market value$18.50M

5.80%

Sole

247.79K

Shared

0.00

None

3.21K

MERCK & CO INC COM

SOLE

Stock

Shares133.01K

TypeSH

Market value$16.47M

5.16%

Sole

133.01K

Shared

0.00

None

0.00

ONEOK INC NEW COM

SOLE

Stock

Shares194.32K

TypeSH

Market value$15.85M

4.97%

Sole

194.32K

Shared

0.00

None

0.00

BERKSHIRE HATHAWAY INC DEL CL B NEW

SOLE

Stock

Shares25.05K

TypeSH

Market value$10.19M

3.20%

Sole

24.63K

Shared

0.00

None

425.00

BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS

SOLE

Stock

Shares264.54K

TypeSH

Market value$10.07M

3.16%

Sole

261.69K

Shared

0.00

None

2.85K

TEXAS INSTRS INC COM

SOLE

Stock

Shares47.67K

TypeSH

Market value$9.27M

2.91%

Sole

47.67K

Shared

0.00

None

0.00

BROOKFIELD INFRAST PARTNERS LP LP INT UNIT

SOLE

Stock

Shares297.08K

TypeSH

Market value$8.15M

2.56%

Sole

294.08K

Shared

0.00

None

MPLX LP COM UNIT REP LTD

SOLE

Stock

Shares176.56K

TypeSH

Market value$7.52M

2.36%

Sole

176.56K

Shared

0.00

None

0.00

CIMPRESS PLC SHS EURO

SOLE

Stock

Shares82.06K

TypeSH

Market value$7.19M

2.25%

Sole

82.06K

Shared

0.00

None

0.00

FISERV INC COM

SOLE

Stock

Shares45.03K

TypeSH

Market value$6.71M

2.11%

Sole

44.28K

Shared

0.00

None

750.00

MICROSOFT CORP COM

SOLE

Stock

Shares13.65K

TypeSH

Market value$6.10M

1.91%

Sole

13.65K

Shared

0.00

None

0.00

LIBERTY GLOBAL LTD COM CL C

SOLE

Stock

Shares339.34K

TypeSH

Market value$6.06M

1.90%

Sole

337.04K

Shared

0.00

None

2.30K

JEFFERIES FINL GROUP INC COM

SOLE

Stock

Shares111.78K

TypeSH

Market value$5.56M

1.74%

Sole

111.78K

Shared

0.00

None

0.00

ENSTAR GROUP LIMITED SHS

SOLE

Stock

Shares17.82K

TypeSH

Market value$5.45M

1.71%

Sole

17.45K

Shared

0.00

None

375.00

BROOKFIELD RENEWABLE PARTNERS PARTNERSHIP UNIT

SOLE

Stock

Shares216.76K

TypeSH

Market value$5.37M

1.68%

Sole

216.76K

Shared

0.00

None

0.00

WALT DISNEY CO COM

SOLE

Stock

Shares50.51K

TypeSH

Market value$5.02M

1.57%

Sole

50.51K

Shared

0.00

None

0.00

COMCAST CORP NEW CL A

SOLE

Stock

Shares116.64K

TypeSH

Market value$4.57M

1.43%

Sole

115.43K

Shared

0.00

None

1.20K

BERKSHIRE HATHAWAY INC DEL CL A

SOLE

Stock

Shares7.00

TypeSH

Market value$4.29M

1.34%

Sole

7.00

Shared

0.00

None

0.00

EXXON MOBIL CORP COM

SOLE

Stock

Shares37.20K

TypeSH

Market value$4.28M

1.34%

Sole

35.59K

Shared

0.00

None

1.61K

JPMORGAN CHASE & CO. COM

SOLE

Stock

Shares18.70K

TypeSH

Market value$3.78M

1.19%

Sole

18.70K

Shared

0.00

None

0.00

WELLS FARGO CO NEW COM

SOLE

Stock

Shares62.60K

TypeSH

Market value$3.72M

1.17%

Sole

61.18K

Shared

0.00

None

1.43K

WP CAREY INC COM

SOLE

REIT

Shares67.27K

TypeSH

Market value$3.70M

1.16%

Sole

67.27K

Shared

0.00

None

0.00

ANNALY CAPITAL MANAGEMENT INC COM NEW

SOLE

REIT

Shares188.13K

TypeSH

Market value$3.59M

1.12%

Sole

185.84K

Shared

0.00

None

2.30K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
BROOKFIELD CORP CL A LTD VT SHSOLE	Stock	717.84K	SH	$29.82M 9.35%	711.32K	6.52K
JOHNSON & JOHNSON COMSOLE	Stock	130.22K	SH	$19.03M 5.97%	129.82K	402.00
CHARLES SCHWAB CORP COMSOLE	Stock	251K	SH	$18.50M 5.80%	247.79K	3.21K
MERCK & CO INC COMSOLE	Stock	133.01K	SH	$16.47M 5.16%	133.01K	0.00
ONEOK INC NEW COMSOLE	Stock	194.32K	SH	$15.85M 4.97%	194.32K	0.00
BERKSHIRE HATHAWAY INC DEL CL B NEWSOLE	Stock	25.05K	SH	$10.19M 3.20%	24.63K	425.00
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHSSOLE	Stock	264.54K	SH	$10.07M 3.16%	261.69K	2.85K
TEXAS INSTRS INC COMSOLE	Stock	47.67K	SH	$9.27M 2.91%	47.67K	0.00
BROOKFIELD INFRAST PARTNERS LP LP INT UNITSOLE	Stock	297.08K	SH	$8.15M 2.56%	294.08K	3K
MPLX LP COM UNIT REP LTDSOLE	Stock	176.56K	SH	$7.52M 2.36%	176.56K	0.00
CIMPRESS PLC SHS EUROSOLE	Stock	82.06K	SH	$7.19M 2.25%	82.06K	0.00
FISERV INC COMSOLE	Stock	45.03K	SH	$6.71M 2.11%	44.28K	750.00
MICROSOFT CORP COMSOLE	Stock	13.65K	SH	$6.10M 1.91%	13.65K	0.00
LIBERTY GLOBAL LTD COM CL CSOLE	Stock	339.34K	SH	$6.06M 1.90%	337.04K	2.30K
JEFFERIES FINL GROUP INC COMSOLE	Stock	111.78K	SH	$5.56M 1.74%	111.78K	0.00
ENSTAR GROUP LIMITED SHSSOLE	Stock	17.82K	SH	$5.45M 1.71%	17.45K	375.00
BROOKFIELD RENEWABLE PARTNERS PARTNERSHIP UNITSOLE	Stock	216.76K	SH	$5.37M 1.68%	216.76K	0.00
WALT DISNEY CO COMSOLE	Stock	50.51K	SH	$5.02M 1.57%	50.51K	0.00
COMCAST CORP NEW CL ASOLE	Stock	116.64K	SH	$4.57M 1.43%	115.43K	1.20K
BERKSHIRE HATHAWAY INC DEL CL ASOLE	Stock	7.00	SH	$4.29M 1.34%	7.00	0.00
EXXON MOBIL CORP COMSOLE	Stock	37.20K	SH	$4.28M 1.34%	35.59K	1.61K
JPMORGAN CHASE & CO. COMSOLE	Stock	18.70K	SH	$3.78M 1.19%	18.70K	0.00
WELLS FARGO CO NEW COMSOLE	Stock	62.60K	SH	$3.72M 1.17%	61.18K	1.43K
WP CAREY INC COMSOLE	REIT	67.27K	SH	$3.70M 1.16%	67.27K	0.00
ANNALY CAPITAL MANAGEMENT INC COM NEWSOLE	REIT	188.13K	SH	$3.59M 1.12%	185.84K	2.30K

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