KARPUS MANAGEMENT, INC.

Filed: 8/13/2024ACC: 0001072613-24-000627

📋 What this filing means

KARPUS MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 230 equity positions with a total reported market value of $3.55B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

230

Positions

$3.55B

Total AUM (reported)

285.07M

Total Shares

Allocation by class

COM$2.04B57.5%

S&P 500 ETF SHS$185.17M5.2%

COM SH BEN INT$169.95M4.8%

SH BEN INT$94.60M2.7%

CORE S&P500 ETF$85.06M2.4%

SHS BEN INT$71.42M2.0%

COM SHS$68.41M1.9%

Portfolio Concentration

Top 3$705.46M19.9%

4–10$854.22M24.1%

11–25$677.61M19.1%

Rest$1.31B37.0%

Top 3 weight

19.9%

Top 10 weight

43.9%

Voting Authority Distribution

Total shares with voting rights: 285.07M

Sole

Full voting authority

282.89M

% of voting shares99.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

2.18M

% of voting shares0.8%

Investment Discretion (by position count)

Sole230

Shared0

Other0

Dominant voting typeSole · 99.2% of voting shares

Institutional Holdings230

Rows:

NUVEEN AMT-FR QLTY MUNI INC

SOLE

COM

Shares25.26M

TypeSH

Market value$289.44M

8.15%

Sole

25.02M

Shared

0.00

None

237.50K

NUVEEN NY AMT FREE MUN INCOME COM

SOLE

COM

Shares20.82M

TypeSH

Market value$230.84M

6.50%

Sole

20.47M

Shared

0.00

None

345K

VANGUARD INDEX FDS S&P 500 ETF SH

SOLE

S&P 500 ETF SHS

Shares370.25K

TypeSH

Market value$185.17M

5.21%

Sole

370.25K

Shared

0.00

None

0.00

BLACKROCK MUNICIPAL INCOME FUND

SOLE

COM

Shares14.51M

TypeSH

Market value$178.99M

5.04%

Sole

14.38M

Shared

0.00

None

125K

NUVEEN QUALITY MUNICIPAL INCOME FUND

SOLE

COM

Shares14.21M

TypeSH

Market value$166.78M

4.70%

Sole

14.09M

Shared

0.00

None

120K

EATON VANCE MUN BD FD COM

SOLE

COM

Shares14.89M

TypeSH

Market value$157.49M

4.43%

Sole

14.89M

Shared

0.00

None

0.00

BLACKROCK MUNIHOLDINGS FUND INC

SOLE

COM

Shares7.41M

TypeSH

Market value$89.59M

2.52%

Sole

7.41M

Shared

0.00

None

0.00

BLACKROCK MUNIVEST FUND

SOLE

COM

Shares12.46M

TypeSH

Market value$89.34M

2.52%

Sole

12.46M

Shared

0.00

None

0.00

NUVEEN MUNICIPAL CREDIT INCOME FUND

SOLE

COM SH BEN INT

Shares7.04M

TypeSH

Market value$86.96M

2.45%

Sole

6.94M

Shared

0.00

None

97K

ISHARES CORE S&P500 ETF

SOLE

CORE S&P500 ETF

Shares155.45K

TypeSH

Market value$85.06M

2.40%

Sole

155.45K

Shared

0.00

None

0.00

VANGUARD INDEX FDS SMALL CP ETF

SOLE

SMALL CP ETF

Shares293.04K

TypeSH

Market value$63.90M

1.80%

Sole

293.04K

Shared

0.00

None

0.00

NUVEEN CALIFORNIA QUALITY MUNICIPAL INCOME FUND

SOLE

COM

Shares5.32M

TypeSH

Market value$61.31M

1.73%

Sole

5.32M

Shared

0.00

None

0.00

WESTERN ASSET CLYM INFL SEC IN COM SH BEN INT

SOLE

COM SH BEN INT

Shares7.36M

TypeSH

Market value$58.92M

1.66%

Sole

7.12M

Shared

0.00

None

235K

ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUST

SOLE

COM BEN INT

Shares4.45M

TypeSH

Market value$55.01M

1.55%

Sole

4.30M

Shared

0.00

None

151.50K

BLACKROCK 2030 MUNICIPAL TARGET TERM TRUST

SOLE

COM SHS BEN IN

Shares2.54M

TypeSH

Market value$52.69M

1.48%

Sole

2.54M

Shared

0.00

None

0.00

VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF

SOLE

FTSE EMR MKT ETF

Shares1.16M

TypeSH

Market value$50.67M

1.43%

Sole

1.16M

Shared

0.00

None

0.00

NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND

SOLE

COMMON STOCK

Shares3.76M

TypeSH

Market value$48.58M

1.37%

Sole

3.76M

Shared

0.00

None

0.00

BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND

SOLE

COM

Shares3.65M

TypeSH

Market value$40.53M

1.14%

Sole

3.65M

Shared

0.00

None

0.00

INVESCO TRUST FOR INVESTMENT G

SOLE

COM

Shares3.86M

TypeSH

Market value$39.63M

1.12%

Sole

3.86M

Shared

0.00

None

0.00

BLACKROCK MUNICIPAL INCOME TRUST

SOLE

SH BEN INT

Shares3.74M

TypeSH

Market value$38.17M

1.07%

Sole

3.74M

Shared

0.00

None

0.00

GABELLI DIVD & INCOME TR COM

SOLE

COM

Shares1.64M

TypeSH

Market value$37.25M

1.05%

Sole

1.64M

Shared

0.00

None

0.00

BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST

SOLE

COM BENE INTER

Shares5.96M

TypeSH

Market value$33.27M

0.94%

Sole

5.96M

Shared

0.00

None

0.00

VANGUARD INDEX FDS TOTAL STK MKT

SOLE

TOTAL STK MKT

Shares123.37K

TypeSH

Market value$33.00M

0.93%

Sole

123.37K

Shared

0.00

None

0.00

ARES II ACQ CRP; TNT ACQ DT: 4/21/2025; CASH: $10.10

SOLE

SHS CLASS A

Shares3.03M

TypeSH

Market value$32.36M

0.91%

Sole

3.03M

Shared

0.00

None

0.00

BLACKROCK MUN INC TRUST II

SOLE

COM

Shares2.99M

TypeSH

Market value$32.32M

0.91%

Sole

2.99M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
NUVEEN AMT-FR QLTY MUNI INCSOLE	COM	25.26M	SH	$289.44M 8.15%	25.02M	237.50K
NUVEEN NY AMT FREE MUN INCOME COMSOLE	COM	20.82M	SH	$230.84M 6.50%	20.47M	345K
VANGUARD INDEX FDS S&P 500 ETF SHSOLE	S&P 500 ETF SHS	370.25K	SH	$185.17M 5.21%	370.25K	0.00
BLACKROCK MUNICIPAL INCOME FUNDSOLE	COM	14.51M	SH	$178.99M 5.04%	14.38M	125K
NUVEEN QUALITY MUNICIPAL INCOME FUNDSOLE	COM	14.21M	SH	$166.78M 4.70%	14.09M	120K
EATON VANCE MUN BD FD COMSOLE	COM	14.89M	SH	$157.49M 4.43%	14.89M	0.00
BLACKROCK MUNIHOLDINGS FUND INCSOLE	COM	7.41M	SH	$89.59M 2.52%	7.41M	0.00
BLACKROCK MUNIVEST FUNDSOLE	COM	12.46M	SH	$89.34M 2.52%	12.46M	0.00
NUVEEN MUNICIPAL CREDIT INCOME FUNDSOLE	COM SH BEN INT	7.04M	SH	$86.96M 2.45%	6.94M	97K
ISHARES CORE S&P500 ETFSOLE	CORE S&P500 ETF	155.45K	SH	$85.06M 2.40%	155.45K	0.00
VANGUARD INDEX FDS SMALL CP ETFSOLE	SMALL CP ETF	293.04K	SH	$63.90M 1.80%	293.04K	0.00
NUVEEN CALIFORNIA QUALITY MUNICIPAL INCOME FUNDSOLE	COM	5.32M	SH	$61.31M 1.73%	5.32M	0.00
WESTERN ASSET CLYM INFL SEC IN COM SH BEN INTSOLE	COM SH BEN INT	7.36M	SH	$58.92M 1.66%	7.12M	235K
ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUSTSOLE	COM BEN INT	4.45M	SH	$55.01M 1.55%	4.30M	151.50K
BLACKROCK 2030 MUNICIPAL TARGET TERM TRUSTSOLE	COM SHS BEN IN	2.54M	SH	$52.69M 1.48%	2.54M	0.00
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETFSOLE	FTSE EMR MKT ETF	1.16M	SH	$50.67M 1.43%	1.16M	0.00
NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUNDSOLE	COMMON STOCK	3.76M	SH	$48.58M 1.37%	3.76M	0.00
BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUNDSOLE	COM	3.65M	SH	$40.53M 1.14%	3.65M	0.00
INVESCO TRUST FOR INVESTMENT GSOLE	COM	3.86M	SH	$39.63M 1.12%	3.86M	0.00
BLACKROCK MUNICIPAL INCOME TRUSTSOLE	SH BEN INT	3.74M	SH	$38.17M 1.07%	3.74M	0.00
GABELLI DIVD & INCOME TR COMSOLE	COM	1.64M	SH	$37.25M 1.05%	1.64M	0.00
BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUSTSOLE	COM BENE INTER	5.96M	SH	$33.27M 0.94%	5.96M	0.00
VANGUARD INDEX FDS TOTAL STK MKTSOLE	TOTAL STK MKT	123.37K	SH	$33.00M 0.93%	123.37K	0.00
ARES II ACQ CRP; TNT ACQ DT: 4/21/2025; CASH: $10.10SOLE	SHS CLASS A	3.03M	SH	$32.36M 0.91%	3.03M	0.00
BLACKROCK MUN INC TRUST IISOLE	COM	2.99M	SH	$32.32M 0.91%	2.99M	0.00

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