Filed: 5/14/2025ACC: 0001072613-25-000398
📋 What this filing means
KARPUS MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 202 equity positions with a total reported market value of $3.09B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
202
Positions
$3.09B
Total AUM (reported)
230.34M
Total Shares
Allocation by class
COM$1.17B37.9%
S&P 500 ETF SHS$237.32M7.7%
ORD SHS CL A$132.97M4.3%
SHS CL A$121.32M3.9%
SHS$118.98M3.9%
ORD SHS$109.89M3.6%
SH BEN INT$85.72M2.8%
Portfolio Concentration
Top 3$509.56M16.5%
4–10$491.18M15.9%
11–25$662.72M21.5%
Rest$1.42B46.1%
Top 3 weight
16.5%
Top 10 weight
32.4%
Voting Authority Distribution
Total shares with voting rights: 230.34M
Sole
Full voting authority
230.34M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole202
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings202
Rows:
VANGUARD INDEX FDS S&P 500 ETF SH
SOLEShares461.80K
TypeSH
Market value$237.32M
7.69%
Sole
461.80K
Shared
0.00
None
0.00
NUVEEN NY AMT FREE MUN INCOME COM
SOLEShares17.94M
TypeSH
Market value$184.81M
5.99%
Sole
17.94M
Shared
0.00
None
0.00
BLACKROCK MUNIHOLDINGS FUND INC
SOLEShares7.45M
TypeSH
Market value$87.42M
2.83%
Sole
7.45M
Shared
0.00
None
0.00
ISHARES CORE S&P500 ETF
SOLEShares140.09K
TypeSH
Market value$78.72M
2.55%
Sole
140.09K
Shared
0.00
None
0.00
BLACKROCK MUNIVEST FUND
SOLEShares10.33M
TypeSH
Market value$72.42M
2.35%
Sole
10.33M
Shared
0.00
None
0.00
VANGUARD INDEX FDS SMALL CP ETF
SOLEShares326.24K
TypeSH
Market value$72.34M
2.34%
Sole
326.24K
Shared
0.00
None
0.00
EATON VANCE MUN BD FD COM
SOLEShares7.01M
TypeSH
Market value$69.93M
2.27%
Sole
7.01M
Shared
0.00
None
0.00
NUVEEN AMT-FR QLTY MUNI INC
SOLEShares6.13M
TypeSH
Market value$68.67M
2.23%
Sole
6.13M
Shared
0.00
None
0.00
WESTERN ASSET CLYM INFL SEC IN COM SH BEN INT
SOLEShares7.81M
TypeSH
Market value$65.14M
2.11%
Sole
7.81M
Shared
0.00
None
0.00
BLACKROCK 2030 MUNICIPAL TARGET TERM TRUST
SOLEShares3.01M
TypeSH
Market value$63.96M
2.07%
Sole
3.01M
Shared
0.00
None
0.00
AA MISSION ACQ CRP; TNT ACQ DT: 8/1/2026; CASH: $10.05
SOLEShares6.04M
TypeSH
Market value$63.03M
2.04%
Sole
6.04M
Shared
0.00
None
0.00
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF
SOLEShares1.21M
TypeSH
Market value$54.84M
1.78%
Sole
1.21M
Shared
0.00
None
0.00
BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND
SOLEShares5.03M
TypeSH
Market value$53.86M
1.75%
Sole
5.03M
Shared
0.00
None
0.00
ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUST
SOLEShares3.54M
TypeSH
Market value$47.75M
1.55%
Sole
3.54M
Shared
0.00
None
0.00
NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND
SOLEShares3.69M
TypeSH
Market value$45.15M
1.46%
Sole
3.69M
Shared
0.00
None
0.00
BLACKROCK MUNICIPAL INCOME TRUST
SOLEShares4.41M
TypeSH
Market value$43.64M
1.41%
Sole
4.41M
Shared
0.00
None
0.00
NUVEEN NAS100 DYN OVERWRT FD
SOLEShares1.82M
TypeSH
Market value$43.11M
1.40%
Sole
1.82M
Shared
0.00
None
0.00
GABELLI DIVD & INCOME TR COM
SOLEShares1.77M
TypeSH
Market value$42.78M
1.39%
Sole
1.77M
Shared
0.00
None
0.00
BLACKROCK MUN INC TRUST II
SOLEShares3.95M
TypeSH
Market value$41.07M
1.33%
Sole
3.95M
Shared
0.00
None
0.00
LEGATO ACQ CRP III; TNT ACQ DT: 2/08/2026; CASH: $10.00
SOLEShares3.84M
TypeSH
Market value$40.25M
1.30%
Sole
3.84M
Shared
0.00
None
0.00
ISHARES LEHMAN 7-10YR TREAS
SOLEShares419.29K
TypeSH
Market value$39.99M
1.30%
Sole
419.29K
Shared
0.00
None
0.00
VANGUARD INDEX FDS TOTAL STK MKT
SOLEShares142.07K
TypeSH
Market value$39.05M
1.27%
Sole
142.07K
Shared
0.00
None
0.00
GP-ACT III ACQ CRP; TNT ACQ DT: 5/10/2026; CASH: $10.00
SOLEShares3.61M
TypeSH
Market value$37.13M
1.20%
Sole
3.61M
Shared
0.00
None
0.00
NUVEEN QUALITY MUNICIPAL INCOME FUND
SOLEShares3.19M
TypeSH
Market value$36.73M
1.19%
Sole
3.19M
Shared
0.00
None
0.00
SPDR SER TR NUVN BR SHT MUNI
SOLEShares721.22K
TypeSH
Market value$34.33M
1.11%
Sole
721.22K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDS S&P 500 ETF SHSOLE | S&P 500 ETF SHS | 461.80K | SH | $237.32M 7.69% | 461.80K | 0.00 | 0.00 |
NUVEEN NY AMT FREE MUN INCOME COMSOLE | COM | 17.94M | SH | $184.81M 5.99% | 17.94M | 0.00 | 0.00 |
BLACKROCK MUNIHOLDINGS FUND INCSOLE | COM | 7.45M | SH | $87.42M 2.83% | 7.45M | 0.00 | 0.00 |
ISHARES CORE S&P500 ETFSOLE | CORE S&P500 ETF | 140.09K | SH | $78.72M 2.55% | 140.09K | 0.00 | 0.00 |
BLACKROCK MUNIVEST FUNDSOLE | COM | 10.33M | SH | $72.42M 2.35% | 10.33M | 0.00 | 0.00 |
VANGUARD INDEX FDS SMALL CP ETFSOLE | SMALL CP ETF | 326.24K | SH | $72.34M 2.34% | 326.24K | 0.00 | 0.00 |
EATON VANCE MUN BD FD COMSOLE | COM | 7.01M | SH | $69.93M 2.27% | 7.01M | 0.00 | 0.00 |
NUVEEN AMT-FR QLTY MUNI INCSOLE | COM | 6.13M | SH | $68.67M 2.23% | 6.13M | 0.00 | 0.00 |
WESTERN ASSET CLYM INFL SEC IN COM SH BEN INTSOLE | COM SH BEN INT | 7.81M | SH | $65.14M 2.11% | 7.81M | 0.00 | 0.00 |
BLACKROCK 2030 MUNICIPAL TARGET TERM TRUSTSOLE | COM SHS BEN IN | 3.01M | SH | $63.96M 2.07% | 3.01M | 0.00 | 0.00 |
AA MISSION ACQ CRP; TNT ACQ DT: 8/1/2026; CASH: $10.05SOLE | ORD SHS CL A | 6.04M | SH | $63.03M 2.04% | 6.04M | 0.00 | 0.00 |
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETFSOLE | FTSE EMR MKT ETF | 1.21M | SH | $54.84M 1.78% | 1.21M | 0.00 | 0.00 |
BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUNDSOLE | COM | 5.03M | SH | $53.86M 1.75% | 5.03M | 0.00 | 0.00 |
ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUSTSOLE | COM BEN INT | 3.54M | SH | $47.75M 1.55% | 3.54M | 0.00 | 0.00 |
NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUNDSOLE | COMMON STOCK | 3.69M | SH | $45.15M 1.46% | 3.69M | 0.00 | 0.00 |
BLACKROCK MUNICIPAL INCOME TRUSTSOLE | SH BEN INT | 4.41M | SH | $43.64M 1.41% | 4.41M | 0.00 | 0.00 |
NUVEEN NAS100 DYN OVERWRT FDSOLE | COM SHS | 1.82M | SH | $43.11M 1.40% | 1.82M | 0.00 | 0.00 |
GABELLI DIVD & INCOME TR COMSOLE | COM | 1.77M | SH | $42.78M 1.39% | 1.77M | 0.00 | 0.00 |
BLACKROCK MUN INC TRUST IISOLE | COM | 3.95M | SH | $41.07M 1.33% | 3.95M | 0.00 | 0.00 |
LEGATO ACQ CRP III; TNT ACQ DT: 2/08/2026; CASH: $10.00SOLE | ORD SHS | 3.84M | SH | $40.25M 1.30% | 3.84M | 0.00 | 0.00 |
ISHARES LEHMAN 7-10YR TREASSOLE | 7-10 YR TRSY BD | 419.29K | SH | $39.99M 1.30% | 419.29K | 0.00 | 0.00 |
VANGUARD INDEX FDS TOTAL STK MKTSOLE | TOTAL STK MKT | 142.07K | SH | $39.05M 1.27% | 142.07K | 0.00 | 0.00 |
GP-ACT III ACQ CRP; TNT ACQ DT: 5/10/2026; CASH: $10.00SOLE | CL A | 3.61M | SH | $37.13M 1.20% | 3.61M | 0.00 | 0.00 |
NUVEEN QUALITY MUNICIPAL INCOME FUNDSOLE | COM | 3.19M | SH | $36.73M 1.19% | 3.19M | 0.00 | 0.00 |
SPDR SER TR NUVN BR SHT MUNISOLE | NUVEEN BLMBRG SH | 721.22K | SH | $34.33M 1.11% | 721.22K | 0.00 | 0.00 |
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