KARPUS MANAGEMENT, INC.

Filed: 5/13/2024ACC: 0001072613-24-000466

📋 What this filing means

KARPUS MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 239 equity positions with a total reported market value of $3.47B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

239

Positions

$3.47B

Total AUM (reported)

274.04M

Total Shares

Allocation by class

COM$1.95B56.4%

S&P 500 ETF SHS$194.36M5.6%

COM SH BEN INT$173.08M5.0%

CORE S&P500 ETF$101.23M2.9%

SH BEN INT$90.82M2.6%

SMALL CP ETF$72.30M2.1%

SHS BEN INT$63.64M1.8%

Portfolio Concentration

Top 3$690.32M19.9%

4–10$792.03M22.8%

11–25$706.02M20.4%

Rest$1.28B36.9%

Top 3 weight

19.9%

Top 10 weight

42.8%

Voting Authority Distribution

Total shares with voting rights: 274.04M

Sole

Full voting authority

271.92M

% of voting shares99.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

2.12M

% of voting shares0.8%

Investment Discretion (by position count)

Sole239

Shared0

Other0

Dominant voting typeSole · 99.2% of voting shares

Institutional Holdings239

Rows:

NUVEEN AMT-FR QLTY MUNI INC

SOLE

COM

Shares24.79M

TypeSH

Market value$274.40M

7.92%

Sole

24.55M

Shared

0.00

None

237.50K

NUVEEN NY AMT FREE MUN INCOME COM

SOLE

COM

Shares20.38M

TypeSH

Market value$221.56M

6.39%

Sole

20.04M

Shared

0.00

None

345K

VANGUARD INDEX FDS S&P 500 ETF SH

SOLE

S&P 500 ETF SHS

Shares404.32K

TypeSH

Market value$194.36M

5.61%

Sole

404.32K

Shared

0.00

None

0.00

BLACKROCK MUNICIPAL INCOME FUND

SOLE

COM

Shares13.38M

TypeSH

Market value$161.33M

4.65%

Sole

13.25M

Shared

0.00

None

125K

EATON VANCE MUN BD FD COM

SOLE

COM

Shares14.33M

TypeSH

Market value$148.27M

4.28%

Sole

14.33M

Shared

0.00

None

0.00

NUVEEN QUALITY MUNICIPAL INCOME FUND

SOLE

COM

Shares12.78M

TypeSH

Market value$146.40M

4.22%

Sole

12.68M

Shared

0.00

None

100K

ISHARES CORE S&P500 ETF

SOLE

CORE S&P500 ETF

Shares192.56K

TypeSH

Market value$101.23M

2.92%

Sole

192.56K

Shared

0.00

None

0.00

NUVEEN MUNICIPAL CREDIT INCOME FUND

SOLE

COM SH BEN INT

Shares7.15M

TypeSH

Market value$87.56M

2.53%

Sole

7.06M

Shared

0.00

None

97K

BLACKROCK MUNIHOLDINGS FUND INC

SOLE

COM

Shares6.20M

TypeSH

Market value$74.93M

2.16%

Sole

6.20M

Shared

0.00

None

0.00

VANGUARD INDEX FDS SMALL CP ETF

SOLE

SMALL CP ETF

Shares316.30K

TypeSH

Market value$72.30M

2.09%

Sole

316.30K

Shared

0.00

None

0.00

BLACKROCK MUNIVEST FUND

SOLE

COM

Shares10.21M

TypeSH

Market value$72.07M

2.08%

Sole

10.21M

Shared

0.00

None

0.00

NUVEEN CALIFORNIA QUALITY MUNICIPAL INCOME FUND

SOLE

COM

Shares6.27M

TypeSH

Market value$69.07M

1.99%

Sole

6.27M

Shared

0.00

None

0.00

WESTERN ASSET CLYM INFL SEC IN COM SH BEN INT

SOLE

COM SH BEN INT

Shares7.28M

TypeSH

Market value$59.26M

1.71%

Sole

7.05M

Shared

0.00

None

235K

ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUST

SOLE

COM BEN INT

Shares4.51M

TypeSH

Market value$56.33M

1.62%

Sole

4.36M

Shared

0.00

None

151.50K

VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF

SOLE

FTSE EMR MKT ETF

Shares1.27M

TypeSH

Market value$53.16M

1.53%

Sole

1.27M

Shared

0.00

None

0.00

BLACKROCK 2030 MUNICIPAL TARGET TERM TRUST

SOLE

COM SHS BEN IN

Shares2.52M

TypeSH

Market value$53.02M

1.53%

Sole

2.52M

Shared

0.00

None

0.00

NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND

SOLE

COMMON STOCK

Shares4.18M

TypeSH

Market value$49.09M

1.42%

Sole

4.18M

Shared

0.00

None

0.00

BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND

SOLE

COM

Shares3.72M

TypeSH

Market value$40.97M

1.18%

Sole

3.72M

Shared

0.00

None

0.00

GABELLI DIVD & INCOME TR COM

SOLE

COM

Shares1.77M

TypeSH

Market value$40.71M

1.17%

Sole

1.77M

Shared

0.00

None

0.00

BLACKROCK MUNICIPAL INCOME TRUST

SOLE

SH BEN INT

Shares3.77M

TypeSH

Market value$38.98M

1.12%

Sole

3.77M

Shared

0.00

None

0.00

INVESCO TRUST FOR INVESTMENT G

SOLE

COM

Shares3.87M

TypeSH

Market value$38.11M

1.10%

Sole

3.87M

Shared

0.00

None

0.00

Virtus DVD Intrst & PRM STR

SOLE

COM

Shares2.77M

TypeSH

Market value$35.40M

1.02%

Sole

2.77M

Shared

0.00

None

0.00

VANGUARD INDEX FDS TOTAL STK MKT

SOLE

TOTAL STK MKT

Shares135.84K

TypeSH

Market value$35.30M

1.02%

Sole

135.84K

Shared

0.00

None

0.00

BLACKROCK MUN INC TRUST II

SOLE

COM

Shares3.02M

TypeSH

Market value$32.75M

0.94%

Sole

3.02M

Shared

0.00

None

0.00

BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST

SOLE

COM BENE INTER

Shares5.75M

TypeSH

Market value$31.79M

0.92%

Sole

5.75M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
NUVEEN AMT-FR QLTY MUNI INCSOLE	COM	24.79M	SH	$274.40M 7.92%	24.55M	237.50K
NUVEEN NY AMT FREE MUN INCOME COMSOLE	COM	20.38M	SH	$221.56M 6.39%	20.04M	345K
VANGUARD INDEX FDS S&P 500 ETF SHSOLE	S&P 500 ETF SHS	404.32K	SH	$194.36M 5.61%	404.32K	0.00
BLACKROCK MUNICIPAL INCOME FUNDSOLE	COM	13.38M	SH	$161.33M 4.65%	13.25M	125K
EATON VANCE MUN BD FD COMSOLE	COM	14.33M	SH	$148.27M 4.28%	14.33M	0.00
NUVEEN QUALITY MUNICIPAL INCOME FUNDSOLE	COM	12.78M	SH	$146.40M 4.22%	12.68M	100K
ISHARES CORE S&P500 ETFSOLE	CORE S&P500 ETF	192.56K	SH	$101.23M 2.92%	192.56K	0.00
NUVEEN MUNICIPAL CREDIT INCOME FUNDSOLE	COM SH BEN INT	7.15M	SH	$87.56M 2.53%	7.06M	97K
BLACKROCK MUNIHOLDINGS FUND INCSOLE	COM	6.20M	SH	$74.93M 2.16%	6.20M	0.00
VANGUARD INDEX FDS SMALL CP ETFSOLE	SMALL CP ETF	316.30K	SH	$72.30M 2.09%	316.30K	0.00
BLACKROCK MUNIVEST FUNDSOLE	COM	10.21M	SH	$72.07M 2.08%	10.21M	0.00
NUVEEN CALIFORNIA QUALITY MUNICIPAL INCOME FUNDSOLE	COM	6.27M	SH	$69.07M 1.99%	6.27M	0.00
WESTERN ASSET CLYM INFL SEC IN COM SH BEN INTSOLE	COM SH BEN INT	7.28M	SH	$59.26M 1.71%	7.05M	235K
ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUSTSOLE	COM BEN INT	4.51M	SH	$56.33M 1.62%	4.36M	151.50K
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETFSOLE	FTSE EMR MKT ETF	1.27M	SH	$53.16M 1.53%	1.27M	0.00
BLACKROCK 2030 MUNICIPAL TARGET TERM TRUSTSOLE	COM SHS BEN IN	2.52M	SH	$53.02M 1.53%	2.52M	0.00
NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUNDSOLE	COMMON STOCK	4.18M	SH	$49.09M 1.42%	4.18M	0.00
BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUNDSOLE	COM	3.72M	SH	$40.97M 1.18%	3.72M	0.00
GABELLI DIVD & INCOME TR COMSOLE	COM	1.77M	SH	$40.71M 1.17%	1.77M	0.00
BLACKROCK MUNICIPAL INCOME TRUSTSOLE	SH BEN INT	3.77M	SH	$38.98M 1.12%	3.77M	0.00
INVESCO TRUST FOR INVESTMENT GSOLE	COM	3.87M	SH	$38.11M 1.10%	3.87M	0.00
Virtus DVD Intrst & PRM STRSOLE	COM	2.77M	SH	$35.40M 1.02%	2.77M	0.00
VANGUARD INDEX FDS TOTAL STK MKTSOLE	TOTAL STK MKT	135.84K	SH	$35.30M 1.02%	135.84K	0.00
BLACKROCK MUN INC TRUST IISOLE	COM	3.02M	SH	$32.75M 0.94%	3.02M	0.00
BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUSTSOLE	COM BENE INTER	5.75M	SH	$31.79M 0.92%	5.75M	0.00

Page 1 of 10

…