KARPUS MANAGEMENT, INC.

Filed: 11/13/2024ACC: 0001072613-24-000832

📋 What this filing means

KARPUS MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 220 equity positions with a total reported market value of $3.60B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

220

Positions

$3.60B

Total AUM (reported)

268.50M

Total Shares

Allocation by class

COM$1.80B50.0%

S&P 500 ETF SHS$243.17M6.8%

COM SH BEN INT$103.21M2.9%

COM SHS$93.28M2.6%

CORE S&P500 ETF$86.85M2.4%

SH BEN INT$84.99M2.4%

CL A$83.87M2.3%

Portfolio Concentration

Top 3$688.20M19.1%

4–10$722.67M20.1%

11–25$664.76M18.5%

Rest$1.52B42.3%

Top 3 weight

19.1%

Top 10 weight

39.2%

Voting Authority Distribution

Total shares with voting rights: 268.50M

Sole

Full voting authority

266.20M

% of voting shares99.1%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

2.29M

% of voting shares0.9%

Investment Discretion (by position count)

Sole220

Shared0

Other0

Dominant voting typeSole · 99.1% of voting shares

Institutional Holdings220

Rows:

VANGUARD INDEX FDS S&P 500 ETF SH

SOLE

S&P 500 ETF SHS

Shares460.83K

TypeSH

Market value$243.17M

6.76%

Sole

460.83K

Shared

0.00

None

0.00

NUVEEN NY AMT FREE MUN INCOME COM

SOLE

COM

Shares20.05M

TypeSH

Market value$224.51M

6.24%

Sole

19.70M

Shared

0.00

None

345K

BLACKROCK MUNICIPAL INCOME FUND

SOLE

COM

Shares17.53M

TypeSH

Market value$220.52M

6.13%

Sole

17.40M

Shared

0.00

None

125K

NUVEEN AMT-FR QLTY MUNI INC

SOLE

COM

Shares14.83M

TypeSH

Market value$177.54M

4.93%

Sole

14.78M

Shared

0.00

None

55K

NUVEEN QUALITY MUNICIPAL INCOME FUND

SOLE

COM

Shares8.73M

TypeSH

Market value$108.09M

3.00%

Sole

8.73M

Shared

0.00

None

0.00

BLACKROCK MUNIHOLDINGS FUND INC

SOLE

COM

Shares7.31M

TypeSH

Market value$92.43M

2.57%

Sole

7.31M

Shared

0.00

None

0.00

BLACKROCK MUNIVEST FUND

SOLE

COM

Shares11.94M

TypeSH

Market value$90.74M

2.52%

Sole

11.94M

Shared

0.00

None

0.00

EATON VANCE MUN BD FD COM

SOLE

COM

Shares8.33M

TypeSH

Market value$89.63M

2.49%

Sole

8.33M

Shared

0.00

None

0.00

ISHARES CORE S&P500 ETF

SOLE

CORE S&P500 ETF

Shares150.56K

TypeSH

Market value$86.85M

2.41%

Sole

150.56K

Shared

0.00

None

0.00

VANGUARD INDEX FDS SMALL CP ETF

SOLE

SMALL CP ETF

Shares326.24K

TypeSH

Market value$77.39M

2.15%

Sole

326.24K

Shared

0.00

None

0.00

WESTERN ASSET CLYM INFL SEC IN COM SH BEN INT

SOLE

COM SH BEN INT

Shares7.65M

TypeSH

Market value$65.40M

1.82%

Sole

7.40M

Shared

0.00

None

245K

VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF

SOLE

FTSE EMR MKT ETF

Shares1.21M

TypeSH

Market value$57.86M

1.61%

Sole

1.21M

Shared

0.00

None

0.00

ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUST

SOLE

COM BEN INT

Shares4.34M

TypeSH

Market value$57.31M

1.59%

Sole

4.18M

Shared

0.00

None

151.50K

BLACKROCK 2030 MUNICIPAL TARGET TERM TRUST

SOLE

COM SHS BEN IN

Shares2.58M

TypeSH

Market value$55.81M

1.55%

Sole

2.58M

Shared

0.00

None

0.00

NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND

SOLE

COMMON STOCK

Shares3.86M

TypeSH

Market value$49.58M

1.38%

Sole

3.86M

Shared

0.00

None

0.00

NUVEEN NAS100 DYN OVERWRT FD

SOLE

COM SHS

Shares1.74M

TypeSH

Market value$43.73M

1.21%

Sole

1.74M

Shared

0.00

None

0.00

GABELLI DIVD & INCOME TR COM

SOLE

COM

Shares1.77M

TypeSH

Market value$43.21M

1.20%

Sole

1.77M

Shared

0.00

None

0.00

BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND

SOLE

COM

Shares3.63M

TypeSH

Market value$41.86M

1.16%

Sole

3.63M

Shared

0.00

None

0.00

VANGUARD INDEX FDS TOTAL STK MKT

SOLE

TOTAL STK MKT

Shares145.70K

TypeSH

Market value$41.26M

1.15%

Sole

145.70K

Shared

0.00

None

0.00

NUVEEN CALIFORNIA QUALITY MUNICIPAL INCOME FUND

SOLE

COM

Shares3.25M

TypeSH

Market value$38.64M

1.07%

Sole

3.25M

Shared

0.00

None

0.00

BLACKROCK MUNICIPAL INCOME TRUST

SOLE

SH BEN INT

Shares3.49M

TypeSH

Market value$36.86M

1.02%

Sole

3.49M

Shared

0.00

None

0.00

LEGATO ACQ CRP III; TNT ACQ DT: 2/08/2026; CASH: $10.00

SOLE

ORD SHS

Shares3.44M

TypeSH

Market value$35.10M

0.98%

Sole

3.38M

Shared

0.00

None

62.50K

BLACKROCK MUN INC TRUST II

SOLE

COM

Shares2.99M

TypeSH

Market value$33.62M

0.93%

Sole

2.99M

Shared

0.00

None

0.00

BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST

SOLE

COM BENE INTER

Shares5.58M

TypeSH

Market value$32.34M

0.90%

Sole

5.58M

Shared

0.00

None

0.00

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

SOLE

SHS CLASS A

Shares2.97M

TypeSH

Market value$32.17M

0.89%

Sole

2.97M

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
VANGUARD INDEX FDS S&P 500 ETF SHSOLE	S&P 500 ETF SHS	460.83K	SH	$243.17M 6.76%	460.83K	0.00
NUVEEN NY AMT FREE MUN INCOME COMSOLE	COM	20.05M	SH	$224.51M 6.24%	19.70M	345K
BLACKROCK MUNICIPAL INCOME FUNDSOLE	COM	17.53M	SH	$220.52M 6.13%	17.40M	125K
NUVEEN AMT-FR QLTY MUNI INCSOLE	COM	14.83M	SH	$177.54M 4.93%	14.78M	55K
NUVEEN QUALITY MUNICIPAL INCOME FUNDSOLE	COM	8.73M	SH	$108.09M 3.00%	8.73M	0.00
BLACKROCK MUNIHOLDINGS FUND INCSOLE	COM	7.31M	SH	$92.43M 2.57%	7.31M	0.00
BLACKROCK MUNIVEST FUNDSOLE	COM	11.94M	SH	$90.74M 2.52%	11.94M	0.00
EATON VANCE MUN BD FD COMSOLE	COM	8.33M	SH	$89.63M 2.49%	8.33M	0.00
ISHARES CORE S&P500 ETFSOLE	CORE S&P500 ETF	150.56K	SH	$86.85M 2.41%	150.56K	0.00
VANGUARD INDEX FDS SMALL CP ETFSOLE	SMALL CP ETF	326.24K	SH	$77.39M 2.15%	326.24K	0.00
WESTERN ASSET CLYM INFL SEC IN COM SH BEN INTSOLE	COM SH BEN INT	7.65M	SH	$65.40M 1.82%	7.40M	245K
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETFSOLE	FTSE EMR MKT ETF	1.21M	SH	$57.86M 1.61%	1.21M	0.00
ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUSTSOLE	COM BEN INT	4.34M	SH	$57.31M 1.59%	4.18M	151.50K
BLACKROCK 2030 MUNICIPAL TARGET TERM TRUSTSOLE	COM SHS BEN IN	2.58M	SH	$55.81M 1.55%	2.58M	0.00
NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUNDSOLE	COMMON STOCK	3.86M	SH	$49.58M 1.38%	3.86M	0.00
NUVEEN NAS100 DYN OVERWRT FDSOLE	COM SHS	1.74M	SH	$43.73M 1.21%	1.74M	0.00
GABELLI DIVD & INCOME TR COMSOLE	COM	1.77M	SH	$43.21M 1.20%	1.77M	0.00
BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUNDSOLE	COM	3.63M	SH	$41.86M 1.16%	3.63M	0.00
VANGUARD INDEX FDS TOTAL STK MKTSOLE	TOTAL STK MKT	145.70K	SH	$41.26M 1.15%	145.70K	0.00
NUVEEN CALIFORNIA QUALITY MUNICIPAL INCOME FUNDSOLE	COM	3.25M	SH	$38.64M 1.07%	3.25M	0.00
BLACKROCK MUNICIPAL INCOME TRUSTSOLE	SH BEN INT	3.49M	SH	$36.86M 1.02%	3.49M	0.00
LEGATO ACQ CRP III; TNT ACQ DT: 2/08/2026; CASH: $10.00SOLE	ORD SHS	3.44M	SH	$35.10M 0.98%	3.38M	62.50K
BLACKROCK MUN INC TRUST IISOLE	COM	2.99M	SH	$33.62M 0.93%	2.99M	0.00
BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUSTSOLE	COM BENE INTER	5.58M	SH	$32.34M 0.90%	5.58M	0.00
ARES II ACQ CRP; TNT ACQ DT: 4/21/2025; CASH: $10.10SOLE	SHS CLASS A	2.97M	SH	$32.17M 0.89%	2.97M	0.00

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