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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
-0.3%
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
$3.09B
AUM Growth
-$296M
Cap. Flow
-$281M
Cap. Flow %
-9.1%
Top 10 Hldgs %
32.43%
Holding
228
New
23
Increased
50
Reduced
110
Closed
26

Top Buys

Rank Stock Value
1
DMAA
Drugs Made In America Acquisition Corp
DMAA
+$23.2M
2
VEU icon
Vanguard FTSE All-World ex-US ETF
VEU
+$18.1M
3
TAVI
Tavia Acquisition Corp
TAVI
+$14.3M
4
IWB icon
iShares Russell 1000 ETF
IWB
+$11.8M
5
KFII
K&F Growth Acquisition Corp II
KFII
+$11.7M

Top Sells

Rank Stock Value
1
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$128M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$52.6M
3
KDK
Kodiak AI
KDK
+$32.4M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$31.6M
5
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$24.7M

Sector Composition

Rank Sector Weight
1 Financials 20.88%
2 Industrials 0.85%
3 Energy 0.23%
4 Consumer Staples 0.22%
5 Technology 0.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MRLN
151
Merlin Inc
MRLN
$426M
$2.06M 0.07%
+206,130
New +$2.05M
VTES icon
152
Vanguard Short-Term Tax-Exempt Bond ETF
VTES
$2.23B
$2.02M 0.07%
20,050
+9,700
+94% +$976K
BME icon
153
BlackRock Health Sciences Trust
BME
$577M
$2M 0.06%
51,715
-14,243
-22% -$565K
FORL
154
DELISTED
Four Leaf Acquisition Corp
FORL
$1.96M 0.06%
173,321
-50
-0% -$561
AQU
155
DELISTED
Aquaron Acquisition Corp. Common Stock
AQU
$1.88M 0.06%
163,746
-67,554
-29% -$781K
JHS
156
John Hancock Income Securities Trust
JHS
$127M
$1.87M 0.06%
165,285
– –
BTZ icon
157
BlackRock Credit Allocation Income Trust
BTZ
$956M
$1.75M 0.06%
163,139
-362,601
-69% -$3.88M
TWN
158
Taiwan Fund
TWN
$538M
$1.62M 0.05%
48,889
-10,011
-17% -$372K
CII icon
159
BlackRock Enhanced Captial and Income Fund
CII
$1.01B
$1.57M 0.05%
85,160
-34,354
-29% -$688K
BAYA
160
DELISTED
Bayview Acquisition Corp
BAYA
$1.4M 0.05%
128,125
-1,763
-1% -$19.1K
MYD
161
DELISTED
BlackRock MuniYield Fund
MYD
$1.36M 0.04%
128,498
+10,000
+8% +$107K
RMMZ
162
RiverNorth Managed Duration Municipal Income Fund II
RMMZ
$126M
$1.22M 0.04%
80,023
-93,152
-54% -$1.45M
JEQ
163
DELISTED
abrdn Japan Equity Fund
JEQ
$1.17M 0.04%
180,685
-69,638
-28% -$418K
DRDB
164
Roman DBDR Acquisition Corp II
DRDB
$326M
$1.15M 0.04%
+114,950
New +$1.14M
VKI icon
165
Invesco Advantage Municipal Income Trust II
VKI
$398M
$1.05M 0.03%
122,380
-225,172
-65% -$1.98M
PMO
166
Franklin Municipal Opportunities Trust
PMO
$285M
$1.01M 0.03%
99,548
+1,510
+2% +$15.7K
CHN
167
DELISTED
China Fund
CHN
$965K 0.03%
75,191
-4,194
-5% -$52.4K
VCIC
168
DELISTED
Vine Hill Capital Investment Corp
VCIC
$872K 0.03%
85,890
+25,000
+41% +$253K
CSQ icon
169
Calamos Strategic Total Return Fund
CSQ
$3.35B
$863K 0.03%
53,343
-4,745
-8% -$83.2K
MQT
170
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$853K 0.03%
+85,333
New +$866K
SPY icon
171
State Street SPDR S&P 500 ETF Trust
SPY
$807B
$839K 0.03%
1,500
+370
+33% +$217K
BYM
172
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$827K 0.03%
76,709
+50,409
+192% +$558K
ASGI
173
abrdn Global Infrastructure Income Fund
ASGI
$754M
$709K 0.02%
38,540
-41,233
-52% -$740K
SHV icon
174
iShares 0-1 Year Treasury Bond ETF
SHV
$20.6B
$690K 0.02%
6,250
-8,250
-57% -$910K
IGA
175
Voya Global Advantage and Premium Opportunity Fund
IGA
$158M
$677K 0.02%
68,957
-275,875
-80% -$2.63M
5 6
7
8 9

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Karpus Investment Management's Q1 2025 Portfolio in Review

As of Q1 2025, Karpus Investment Management held 228 positions worth $3.09B, down 8.8% from $3.38B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Karpus Investment Management withdrew a net $281M in Q1 2025, closing 26 positions and reducing 110 holdings. Its most notable exit was BlackRock Municipal Income Fund, Inc., an estimated $128M position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 16% a quarter earlier, followed by Industrials and Energy.

Against the trend, Karpus Investment Management opened a new position in Drugs Made In America Acquisition Corp worth $23.3M.

  • Karpus Investment Management's largest Q1 2025 buy was Drugs Made In America Acquisition Corp: 2,324,034 shares worth $23.3M.
  • Karpus Investment Management added most to Vanguard FTSE All-World ex-US ETF in Q1 2025, an estimated $18.1M increase.
  • Karpus Investment Management's biggest Q1 2025 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $52.6M.
  • Karpus Investment Management fully exited BlackRock Municipal Income Fund, Inc. in Q1 2025, selling an estimated $128M.
  • Karpus Investment Management's ten largest holdings make up 32% of its $3.09B portfolio in Q1 2025.
  • Karpus Investment Management opened 23 new positions and closed 26 in Q1 2025.
  • Karpus Investment Management's portfolio value fell 8.8% quarter-over-quarter to $3.09B.

Based on Karpus Investment Management's 13F filing for Q1 2025, filed 14 May 2025.