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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
MQT
101
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$7.51M 0.23%
746,841
+377,277
+102% +$3.79M
MUE
102
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$7.29M 0.22%
726,931
+704,881
+3,197% +$7.07M
VACH
103
DELISTED
Voyager Acquisition Corp
VACH
$7.12M 0.22%
667,716
-3,725
-0.6% -$39.2K
DGRO icon
104
iShares Core Dividend Growth ETF
DGRO
$43.7B
$7.11M 0.22%
102,418
+5,412
+6% +$372K
CRAC
105
Crown Reserve Acquisition Corp I
CRAC
$228M
$7.1M 0.22%
+713,825
New +$7.08M
PLMK
106
Plum Acquisition Corp IV
PLMK
$256M
$7.01M 0.22%
672,200
-5,500
-0.8% -$57.3K
EWZ icon
107
iShares MSCI Brazil ETF
EWZ
$8.63B
$6.92M 0.21%
217,760
+552
+0.3% +$17.5K
OYSE
108
Oyster Enterprises II Acquisition Corp
OYSE
$351M
$6.78M 0.21%
673,111
+53,394
+9% +$538K
BACC
109
Blue Acquisition Corp
BACC
$293M
$6.66M 0.2%
652,415
+317,313
+95% +$3.22M
INAC
110
Indigo Acquisition Corp
INAC
$152M
$6.61M 0.2%
658,772
+553,722
+527% +$5.55M
ENHA
111
Enhanced Group Inc
ENHA
$314M
$6.57M 0.2%
+654,061
New +$6.55M
MLAC
112
DELISTED
Mountain Lake Acquisition Corp
MLAC
$6.45M 0.2%
620,220
-50,000
-7% -$521K
VNME
113
Vendome Acquisition Corp I
VNME
$256M
$6.42M 0.2%
639,753
+239,730
+60% +$2.4M
TDAC
114
Translational Development Acquisition Corp
TDAC
$238M
$6.42M 0.2%
613,425
-3,350
-0.5% -$34.9K
JOF
115
Japan Smaller Capitalization Fund
JOF
$352M
$6.28M 0.19%
566,415
-95,673
-14% -$1.01M
NTWO
116
Newbury Street II Acquisition Corp
NTWO
$258M
$6.03M 0.19%
578,387
+80,725
+16% +$839K
SOUL
117
Soulpower Acquisition Corp
SOUL
$353M
$5.91M 0.18%
582,640
+1,390
+0.2% +$14.1K
BYM
118
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$5.9M 0.18%
539,666
+440,275
+443% +$4.82M
DSM
119
BNY Mellon Strategic Municipal Bond Fund
DSM
$290M
$5.87M 0.18%
951,272
+90,963
+11% +$544K
BME icon
120
BlackRock Health Sciences Trust
BME
$574M
$5.83M 0.18%
141,658
+73,339
+107% +$2.9M
XRPN
121
Armada Acquisition Corp II
XRPN
$331M
$5.61M 0.17%
547,500
– –
BKN
122
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$5.53M 0.17%
493,618
+370,087
+300% +$4.15M
NFJ
123
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.44B
$5.32M 0.16%
413,044
-458,493
-53% -$5.91M
TVAI
124
Thayer Ventures Acquisition Corporation II
TVAI
$283M
$5.3M 0.16%
523,600
+2,500
+0.5% +$25.2K
MGF
125
Aberdeen Government Markets Income Fund
MGF
$91.9M
$5.1M 0.16%
1,686,089
-94,699
-5% -$291K
3 4
5
6 7

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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.