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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
IPEX
126
Inflection Point Acquisition Corp V
IPEX
$127M
$300K 0.07%
29,182
-15,727
-35% -$162K
GSRFU
127
GSR IV Acquisition Corp Units
GSRFU
$298K 0.07%
28,745
-13,492
-32% -$139K
OFS icon
128
OFS Capital
OFS
$48.8M
$274K 0.06%
57,639
– –
VNMEU
129
Vendome Acquisition Corp I Unit
VNMEU
$271K 0.06%
26,603
-101,256
-79% -$1.03M
CCII
130
Cohen Circle Acquisition Corp II
CCII
$358M
$256K 0.06%
+25,000
New +$257K
FCRS.U
131
FutureCrest Acquisition Corp Units
FCRS.U
$256K 0.06%
25,000
– –
KOYNU
132
CSLM Digital Asset Acquisition Corp III Units
KOYNU
$214M
$253K 0.06%
25,024
-224,976
-90% -$2.29M
SVAQU
133
Silicon Valley Acquisition Corp Units
SVAQU
$249K 0.06%
+25,000
New +$249K
GTERA
134
Globa Terra Acquisition Corp
GTERA
$246M
$221K 0.05%
+21,870
New +$220K
DRDBW
135
Roman DBDR Acquisition Corp II Warrants
DRDBW
$193K 0.04%
339,377
-2,745
-0.8% -$1.8K
MRLN
136
Merlin Inc
MRLN
$401M
$190K 0.04%
17,684
-39,407
-69% -$428K
AXIN
137
Axiom Intelligence Acquisition Corp 1
AXIN
$281M
$181K 0.04%
18,000
– –
MKLYU
138
McKinley Acquisition Corp Units
MKLYU
$171K 0.04%
16,921
-200,000
-92% -$2.02M
TLNCU
139
Talon Capital Corp Units
TLNCU
$156K 0.03%
15,250
-154,000
-91% -$1.58M
BACCR
140
Blue Acquisition Corp Right
BACCR
$156K 0.03%
481,585
+180,391
+60% +$48.1K
OTGAU
141
OTG Acquisition Corp I Unit
OTGAU
$155K 0.03%
15,250
– –
BCARU
142
D. Boral ARC Acquisition I Corp Units
BCARU
$144M
$155K 0.03%
15,190
-137,500
-90% -$1.41M
MBVIU
143
M3-Brigade Acquisition VI Corp Units
MBVIU
$309M
$154K 0.03%
15,240
-100,000
-87% -$1.02M
OACC
144
Oaktree Acquisition Corp III Life Sciences
OACC
$265M
$143K 0.03%
13,500
– –
DYNCW
145
Dynamix Corp Warrant
DYNCW
$1.42M
$137K 0.03%
66,640
+33,320
+100% +$64K
HDRNW
146
Hadron Energy Warrant
HDRNW
$2.4M
$125K 0.03%
305,185
-52,828
-15% -$36.1K
RANGR
147
Range Capital Acquisition Corp Rights
RANGR
$118K 0.03%
261,398
-4,338
-2% -$1.98K
GSRF
148
GSR IV Acquisition Corp
GSRF
$114K 0.03%
+11,410
New +$114K
AFB
149
AllianceBernstein National Municipal Income Fund
AFB
$314M
$113K 0.03%
10,474
-920,625
-99% -$10M
BLZRU
150
Trailblazer Acquisition Corp Unit
BLZRU
$103K 0.02%
10,000
– –
4 5
6
7 8

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
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
DBG
De Burlo Group Boston, Massachusetts $441M AUM 21.21% 1-Year Est. Return
POEH
Post Oak Energy Holdings Houston, Texas $449M AUM 53.94% 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.