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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
IEUR icon
26
iShares Core MSCI Europe ETF
IEUR
$9.14B
$34.6M 1.06%
488,052
+3,250
+0.7% +$225K
VPL icon
27
Vanguard FTSE Pacific ETF
VPL
$8.36B
$34.3M 1.05%
379,849
+233
+0.1% +$21.1K
EIM
28
Eaton Vance Municipal Bond Fund
EIM
$499M
$34.1M 1.05%
3,506,586
-2,088,776
-37% -$20.6M
KTF
29
DWS Municipal Income Trust
KTF
$352M
$33.8M 1.04%
3,715,549
+414,715
+13% +$3.8M
IWB icon
30
iShares Russell 1000 ETF
IWB
$50.2B
$31.7M 0.97%
84,998
-779
-0.9% -$289K
VTI icon
31
Vanguard Morningstar Total Stock Market ETF
VTI
$691B
$31.6M 0.97%
94,356
-39,496
-30% -$13.1M
VTES icon
32
Vanguard Short-Term Tax-Exempt Bond ETF
VTES
$2.23B
$26.7M 0.82%
262,800
-37,450
-12% -$3.8M
DMAA
33
Drugs Made In America Acquisition Corp
DMAA
$260M
$26.3M 0.81%
2,538,642
-9,025
-0.4% -$93.2K
CSQ icon
34
Calamos Strategic Total Return Fund
CSQ
$3.37B
$25.8M 0.79%
1,345,804
+1,193,130
+781% +$22.7M
RFAI
35
RF Acquisition Corp II
RFAI
$92.8M
$25.7M 0.79%
2,397,033
-8,550
-0.4% -$91.7K
GPAT
36
GP-Act III Acquisition Corp
GPAT
$401M
$24.9M 0.77%
2,331,866
+25,050
+1% +$267K
MYN icon
37
BlackRock MuniYield New York Quality Fund
MYN
$376M
$24.3M 0.75%
2,455,847
-92,263
-4% -$927K
QSEA
38
Quartzsea Acquisition Corp
QSEA
$108M
$23.2M 0.71%
2,263,880
-12,500
-0.5% -$127K
VGK icon
39
Vanguard FTSE Europe ETF
VGK
$31B
$23M 0.71%
275,400
+2,476
+0.9% +$201K
TAVI
40
Tavia Acquisition Corp
TAVI
$170M
$22.9M 0.7%
2,193,702
-8,800
-0.4% -$91.6K
BST icon
41
BlackRock Science and Technology Trust
BST
$1.7B
$22M 0.68%
543,547
+182,447
+51% +$7.5M
XLF icon
42
State Street Financial Select Sector SPDR ETF
XLF
$59B
$21.9M 0.67%
399,770
+1,558
+0.4% +$83K
BKT icon
43
BlackRock Income Trust
BKT
$342M
$20.6M 0.63%
1,861,660
+1,570,295
+539% +$17.4M
SHM icon
44
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
$19.1M 0.59%
398,706
-498,201
-56% -$23.9M
ANSC
45
Agriculture & Natural Solutions Acquisition Corp
ANSC
$476M
$18.9M 0.58%
1,685,893
+346,275
+26% +$3.84M
VGT icon
46
Vanguard Information Technology ETF
VGT
$147B
$18.8M 0.58%
199,816
-4,200
-2% -$399K
ASG
47
Liberty All-Star Growth Fund
ASG
$343M
$18.6M 0.57%
3,517,079
+164,641
+5% +$891K
ETO
48
Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund
ETO
$524M
$18.6M 0.57%
612,728
-12,219
-2% -$348K
SIMA
49
SIM Acquisition Corp I
SIMA
$89.9M
$18.4M 0.56%
1,735,497
-33,270
-2% -$351K
BHK icon
50
BlackRock Core Bond Trust
BHK
$664M
$18.1M 0.55%
1,883,365
-53,744
-3% -$522K
1
2
3 4 5

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SC
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HCM
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BIG
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SYBT
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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.