We are live on ! Find out more
BI

Bulldog Investors Portfolio holdings

AUM $445M
1-Year Est. Return 2.14%
This Fund
S&P 500
This Quarter Est. Return
-0.88%
1 Year Est. Return
+2.14%
3 Year Est. Return
+20.34%
5 Year Est. Return
+20.45%
10 Year Est. Return
+75.67%
AUM
$449M
AUM Growth
+$16.9M
Cap. Flow
+$21.7M
Cap. Flow %
4.83%
Top 10 Hldgs %
35.16%
Holding
258
New
61
Increased
43
Reduced
71
Closed
37

Top Buys

Rank Stock Value
1
LEO
BNY Mellon Strategic Municipals
LEO
+$4.74M
2
HEQ
John Hancock Hedged Equity & Income Fund
HEQ
+$4.1M
3
DSM
BNY Mellon Strategic Municipal Bond Fund
DSM
+$4.09M
4
BPRE
Bluerock Private Real Estate Fund
BPRE
+$3.74M
5
FSK icon
FS KKR Capital
FSK
+$3.72M

Top Sells

Rank Stock Value
1
AFB
AllianceBernstein National Municipal Income Fund
AFB
+$10M
2
ENX
Eaton Vance New York Municipal Bond Fund
ENX
+$4.77M
3
FTW
Presidio Production Co
FTW
+$4.17M
4
SOUL
Soulpower Acquisition Corp
SOUL
+$3.4M
5
LPBB
Launch Two Acquisition Corp
LPBB
+$3.07M

Sector Composition

Rank Sector Weight
1 Financials 42.05%
2 Industrials 3.2%
3 Energy 2.03%
4 Real Estate 1.69%
5 Consumer Discretionary 1.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XFLT
51
XAI Floating Rate & Alternative Income Trust
XFLT
$292M
$2.44M 0.54%
+101,673
New +$2.45M
UTF icon
52
Cohen & Steers Infrastructure Fund
UTF
$3.02B
$2.44M 0.54%
+101,003
New +$2.42M
JOF
53
Japan Smaller Capitalization Fund
JOF
$356M
$2.41M 0.54%
217,441
-507
-0.2% -$5.33K
PBBK
54
DELISTED
PB Bankshares
PBBK
$2.33M 0.52%
110,000
– –
NCDL icon
55
Nuveen Churchill Direct Lending
NCDL
$614M
$2.31M 0.52%
+173,412
New +$2.46M
BRK.A icon
56
Berkshire Hathaway Class A
BRK.A
$1.09T
$2.26M 0.5%
+3
New +$2.24M
SVAC
57
DELISTED
Spring Valley Acquisition Corp III
SVAC
$2.22M 0.49%
+218,855
New +$2.26M
WENN
58
Wen Acquisition Corp
WENN
$389M
$2.21M 0.49%
218,562
+148,562
+212% +$1.51M
AIIA
59
AI Infrastructure Acquisition Corp
AIIA
$2.15M 0.48%
+216,760
New +$2.15M
VNME
60
Vendome Acquisition Corp I
VNME
$257M
$2.12M 0.47%
211,434
+99,032
+88% +$993K
DYOR
61
Insight Digital Partners II
DYOR
$232M
$2.04M 0.45%
+205,798
New +$2.04M
MKLY
62
McKinley Acquisition Corp
MKLY
$249M
$1.99M 0.44%
+200,000
New +$1.99M
SPEG
63
Silver Pegasus Acquisition Corp
SPEG
$158M
$1.99M 0.44%
+197,587
New +$1.99M
VACI
64
Viking Acquisition Corp I
VACI
$311M
$1.98M 0.44%
+200,000
New +$1.98M
PGR icon
65
Progressive
PGR
$121B
$1.82M 0.41%
+8,000
New +$1.81M
NWFL icon
66
Norwood Financial Corp
NWFL
$373M
$1.8M 0.4%
64,145
+54,814
+587% +$1.49M
INAC
67
Indigo Acquisition Corp
INAC
$152M
$1.79M 0.4%
178,479
+14,906
+9% +$149K
SZZL
68
Sizzle Acquisition Corp II
SZZL
$325M
$1.7M 0.38%
167,604
-5,384
-3% -$54.7K
HDRN
69
Hadron Energy
HDRN
$143M
$1.7M 0.38%
161,306
-157,979
-49% -$1.68M
EVAC
70
EQV Ventures Acquisition Corp II
EVAC
$599M
$1.68M 0.37%
167,545
+150,838
+903% +$1.51M
CXE
71
DELISTED
MFS High Income Municipal Trust
CXE
$1.66M 0.37%
449,633
– –
HVMC
72
Highview Merger Corp
HVMC
$300M
$1.61M 0.36%
+160,663
New +$1.61M
SAC.U
73
Safeguard Acquisition Corp Units
SAC.U
$1.59M 0.35%
+157,388
New +$1.59M
CCIF
74
Carlyle Credit Income Fund
CCIF
$59.6M
$1.58M 0.35%
337,241
+8,826
+3% +$45.2K
GIW
75
GigCapital8
GIW
$369M
$1.58M 0.35%
+159,263
New +$1.58M
1 2
3
4 5

Similar funds

SGCM
Sand Grove Capital Management London, United Kingdom $444M AUM 131.11% 1-Year Est. Return
WCP
Welch Capital Partners Harrison, New York $444M AUM 21.45% 1-Year Est. Return
FWSM
First Wilshire Securities Management Pasadena, California $444M AUM 42.88% 1-Year Est. Return
TC
TownSquare Capital Provo, Utah $444M AUM 24.03% 1-Year Est. Return
CMP
Coston McIsaac & Partners Bar Harbor, Maine $443M AUM 6.68% 1-Year Est. Return
AC
Almitas Capital Santa Monica, California $443M AUM 42.36% 1-Year Est. Return
EFMC
Empire Financial Management Company New York $442M AUM 24.42% 1-Year Est. Return
AIS
American Investment Services Great Barrington, Massachusetts $448M AUM 21.7% 1-Year Est. Return

Bulldog Investors's Q4 2025 Portfolio in Review

As of Q4 2025, Bulldog Investors held 258 positions worth $449M, up 3.9% from $432M the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Bulldog Investors deployed $21.7M of net new capital in Q4 2025, opening 61 new positions and adding to 43 existing holdings. Its largest new stake was John Hancock Hedged Equity & Income Fund: 381,764 shares worth $4.1M.

By sector, the portfolio is most concentrated in Financials at 42% of assets, up from 36% a quarter earlier, followed by Industrials and Energy.

On the sell side, the largest reduction was AllianceBernstein National Municipal Income Fund, an estimated $10M trimmed.

  • Bulldog Investors's largest Q4 2025 buy was John Hancock Hedged Equity & Income Fund: 381,764 shares worth $4.1M.
  • Bulldog Investors added most to BNY Mellon Strategic Municipals in Q4 2025, an estimated $4.74M increase.
  • Bulldog Investors's biggest Q4 2025 reduction was AllianceBernstein National Municipal Income Fund, cutting an estimated $10M.
  • Bulldog Investors fully exited Eaton Vance New York Municipal Bond Fund in Q4 2025, selling an estimated $4.77M.
  • Bulldog Investors's ten largest holdings make up 35% of its $449M portfolio in Q4 2025.
  • Bulldog Investors opened 61 new positions and closed 37 in Q4 2025.
  • Bulldog Investors's portfolio value rose 3.9% quarter-over-quarter to $449M.

Based on Bulldog Investors's 13F filing for Q4 2025, filed 13 Feb 2026.