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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
+3.95%
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
$3.16B
AUM Growth
+$56.4M
Cap. Flow
-$60.2M
Cap. Flow %
-1.91%
Top 10 Hldgs %
32.59%
Holding
232
New
33
Increased
43
Reduced
115
Closed
28

Top Buys

Rank Stock Value
1
BLV icon
Vanguard Long-Term Bond ETF
BLV
+$48.2M
2
VCRM
Vanguard Core Tax-Exempt Bond ETF
VCRM
+$39.3M
3
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$18.2M
4
MHN
BlackRock MuniHoldings New Yrok Quality Fund
MHN
+$15.1M
5
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$12.4M

Top Sells

Rank Stock Value
1
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$55.9M
2
VGM icon
Invesco Trust Investment Grade Municipals
VGM
+$17.3M
3
EIM
Eaton Vance Municipal Bond Fund
EIM
+$16.5M
4
VKQ icon
Invesco Municipal Trust
VKQ
+$15.6M
5
HNW
Pioneer Diversified High Income Fund
HNW
+$11.5M

Sector Composition

Rank Sector Weight
1 Financials 19.96%
2 Industrials 0.61%
3 Technology 0.16%
4 Healthcare 0.02%
5 Energy 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XRPN
101
Armada Acquisition Corp II
XRPN
$330M
$5.71M 0.18%
+547,500
New +$5.58M
MGF
102
Aberdeen Government Markets Income Fund
MGF
$92.6M
$5.56M 0.18%
1,780,788
-51,988
-3% -$161K
TVAI
103
Thayer Ventures Acquisition Corporation II
TVAI
$283M
$5.23M 0.17%
+521,100
New +$5.22M
STEW
104
SRH Total Return Fund
STEW
$1.82B
$5.19M 0.16%
285,837
-86,729
-23% -$1.56M
NTWO
105
Newbury Street II Acquisition Corp
NTWO
$258M
$5.16M 0.16%
497,662
-69,675
-12% -$720K
DSM
106
BNY Mellon Strategic Municipal Bond Fund
DSM
$290M
$5.09M 0.16%
860,309
+3,906
+0.5% +$22.2K
FVN
107
Future Vision II Acquisition Corp
FVN
$83.4M
$5.03M 0.16%
480,769
-48,650
-9% -$507K
IGD
108
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$524M
$4.87M 0.15%
821,202
-977,010
-54% -$5.72M
BSTZ icon
109
BlackRock Science and Technology Term Trust
BSTZ
$2.06B
$4.8M 0.15%
216,520
-222,939
-51% -$4.79M
VKQ icon
110
Invesco Municipal Trust
VKQ
$545M
$4.77M 0.15%
494,668
-1,690,548
-77% -$15.6M
BSV icon
111
Vanguard Short-Term Bond ETF
BSV
$45.6B
$4.71M 0.15%
59,720
-950
-2% -$74.7K
HQL
112
abrdn Life Sciences Investors
HQL
$642M
$4.66M 0.15%
300,284
-130,436
-30% -$1.79M
IIF
113
Morgan Stanley India Investment Fund
IIF
$221M
$4.63M 0.15%
175,552
-47,722
-21% -$1.3M
MMU
114
Western Asset Managed Municipals Fund
MMU
$552M
$4.52M 0.14%
437,479
-254,311
-37% -$2.55M
EOD
115
Allspring Global Dividend Opportunity Fund
EOD
$287M
$4.47M 0.14%
784,438
+3,897
+0.5% +$21.9K
TWN
116
Taiwan Fund
TWN
$538M
$4.36M 0.14%
80,651
-10,494
-12% -$513K
MVT
117
DELISTED
BlackRock MuniVest Fund II
MVT
$4.35M 0.14%
409,055
+10,890
+3% +$112K
ORIQ
118
Origin Investment Corp I
ORIQ
$89.3M
$4.31M 0.14%
+429,115
New +$4.3M
OAKU
119
DELISTED
Oak Woods Acquisition Corp
OAKU
$4.19M 0.13%
349,328
-57,500
-14% -$683K
GF
120
New Germany Fund
GF
$188M
$4.17M 0.13%
361,055
-11,827
-3% -$139K
VNME
121
Vendome Acquisition Corp I
VNME
$257M
$3.97M 0.13%
+400,023
New +$3.97M
ATMC
122
DELISTED
AlphaTime Acquisition Corp
ATMC
$3.97M 0.13%
332,084
-9,733
-3% -$117K
MQT
123
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$3.71M 0.12%
369,564
+21,503
+6% +$208K
PNI
124
PIMCO New York Municipal Income Fund II
PNI
$78M
$3.67M 0.12%
+528,497
New +$3.53M
DTSQ
125
DT Cloud Star Acquisition Corp
DTSQ
$41.1M
$3.64M 0.12%
346,698
-2,500
-0.7% -$26.1K
3 4
5
6 7

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Karpus Investment Management's Q3 2025 Portfolio in Review

As of Q3 2025, Karpus Investment Management held 232 positions worth $3.16B, up 1.8% from $3.1B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Karpus Investment Management's Q3 2025 filing shows 33 new, 43 increased, 115 reduced and 28 closed positions. Its largest new stake was Vanguard Core Tax-Exempt Bond ETF: 533,467 shares worth $40.1M. The largest sale was Nuveen New York AMT-Free Quality Municipal Income Fund, an estimated $55.9M.

By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 21% a quarter earlier, followed by Industrials and Technology.

  • Karpus Investment Management's largest Q3 2025 buy was Vanguard Core Tax-Exempt Bond ETF: 533,467 shares worth $40.1M.
  • Karpus Investment Management added most to Vanguard Long-Term Bond ETF in Q3 2025, an estimated $48.2M increase.
  • Karpus Investment Management's biggest Q3 2025 reduction was Nuveen New York AMT-Free Quality Municipal Income Fund, cutting an estimated $55.9M.
  • Karpus Investment Management fully exited Invesco Trust Investment Grade Municipals in Q3 2025, selling an estimated $17.3M.
  • Karpus Investment Management's ten largest holdings make up 33% of its $3.16B portfolio in Q3 2025.
  • Karpus Investment Management opened 33 new positions and closed 28 in Q3 2025.
  • Karpus Investment Management's portfolio value rose 1.8% quarter-over-quarter to $3.16B.

Based on Karpus Investment Management's 13F filing for Q3 2025, filed 14 Nov 2025.