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KIM

Karpus Investment Management Portfolio holdings

AUM $3.21B
1-Year Est. Return 6.83%
This Fund
S&P 500
This Quarter Est. Return
+0.92%
1 Year Est. Return
+6.83%
3 Year Est. Return
+17.2%
5 Year Est. Return
+12.23%
10 Year Est. Return
+48.47%
AUM
$3.26B
AUM Growth
+$98.6M
Cap. Flow
+$65M
Cap. Flow %
2%
Top 10 Hldgs %
31.9%
Holding
238
New
34
Increased
74
Reduced
91
Closed
24

Top Buys

Rank Stock Value
1
BLV icon
Vanguard Long-Term Bond ETF
BLV
+$24M
2
CSQ icon
Calamos Strategic Total Return Fund
CSQ
+$22.7M
3
LKSP
Lake Superior Acquisition Corp
LKSP
+$17.7M
4
BKT icon
BlackRock Income Trust
BKT
+$17.4M
5
MHD icon
BlackRock MuniHoldings Fund
MHD
+$15.6M

Top Sells

Rank Stock Value
1
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$52.3M
2
IBAC
IB Acquisition Corp
IBAC
+$27.2M
3
SHM icon
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
+$23.9M
4
AFJK
Aimei Health Technology Co
AFJK
+$20.7M
5
EIM
Eaton Vance Municipal Bond Fund
EIM
+$20.6M

Sector Composition

Rank Sector Weight
1 Financials 22.4%
2 Consumer Staples 0.2%
3 Technology 0.06%
4 Healthcare 0.04%
5 Energy 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NETD
226
DELISTED
Nabors Energy Transition Corp II
NETD
– –
-220,128
Closed -$2.47M
NQP
227
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
– –
-55,905
Closed -$671K
PNI
228
PIMCO New York Municipal Income Fund II
PNI
$78M
– –
-528,497
Closed -$3.67M
SWZ
229
Swiss Helvetia Fund
SWZ
$77.1M
– –
-206,753
Closed -$1.26M
VKQ icon
230
Invesco Municipal Trust
VKQ
$545M
– –
-494,668
Closed -$4.77M
VMO icon
231
Invesco Municipal Opportunity Trust
VMO
$663M
– –
-61,249
Closed -$592K
UCFI
232
CN Healthy Food Tech Group
UCFI
– –
-10,775
Closed -$112K
IBAC
233
IB Acquisition Corp
IBAC
$54.1M
– –
-2,572,807
Closed -$27.2M
HDRN
234
Hadron Energy
HDRN
$132M
– –
-1,703,124
Closed -$18M
VCIC
235
DELISTED
Vine Hill Capital Investment Corp
VCIC
– –
-84,665
Closed -$907K
MRLN
236
Merlin Inc
MRLN
$426M
– –
-122,880
Closed -$1.28M
TVA
237
Texas Ventures Acquisition III Corp
TVA
$316M
– –
-1,471,700
Closed -$15.8M
CHAC
238
DELISTED
Crane Harbor Acquisition Corp
CHAC
– –
-1,813,250
Closed -$18.4M
6 7 8 9
10

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Karpus Investment Management's Q4 2025 Portfolio in Review

As of Q4 2025, Karpus Investment Management held 238 positions worth $3.26B, up 3.1% from $3.16B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Karpus Investment Management's Q4 2025 filing shows 34 new, 74 increased, 91 reduced and 24 closed positions. Its largest new stake was Lake Superior Acquisition Corp: 1,782,358 shares worth $17.7M. The largest sale was Nuveen New York AMT-Free Quality Municipal Income Fund, an estimated $52.3M.

By sector, the portfolio is most concentrated in Financials at 22% of assets, up from 20% a quarter earlier, followed by Consumer Staples and Technology.

  • Karpus Investment Management's largest Q4 2025 buy was Lake Superior Acquisition Corp: 1,782,358 shares worth $17.7M.
  • Karpus Investment Management added most to Vanguard Long-Term Bond ETF in Q4 2025, an estimated $24M increase.
  • Karpus Investment Management's biggest Q4 2025 reduction was Nuveen New York AMT-Free Quality Municipal Income Fund, cutting an estimated $52.3M.
  • Karpus Investment Management fully exited IB Acquisition Corp in Q4 2025, selling an estimated $27.2M.
  • Karpus Investment Management's ten largest holdings make up 32% of its $3.26B portfolio in Q4 2025.
  • Karpus Investment Management opened 34 new positions and closed 24 in Q4 2025.
  • Karpus Investment Management's portfolio value rose 3.1% quarter-over-quarter to $3.26B.

Based on Karpus Investment Management's 13F filing for Q4 2025, filed 13 Feb 2026.