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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
NZF icon
176
Nuveen Municipal Credit Income Fund
NZF
$2.42B
$655K 0.02%
53,525
-18,498
-26% -$230K
CCIX
177
DELISTED
Churchill Capital Corp IX
CCIX
$647K 0.02%
60,000
– –
MSFT icon
178
Microsoft
MSFT
$3.74T
$638K 0.02%
1,700
– –
AGD
179
abrdn Global Dynamic Dividend Fund
AGD
$326M
$638K 0.02%
64,029
-297,978
-82% -$3.03M
BIL icon
180
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
$599K 0.02%
6,525
– –
LLY icon
181
Eli Lilly
LLY
$1.08T
$562K 0.02%
680
– –
MAV
182
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$531K 0.02%
+63,579
New +$543K
HD icon
183
Home Depot
HD
$353B
$513K 0.02%
1,400
– –
EVGR
184
DELISTED
Evergreen Corporation Class A Ordinary Share
EVGR
$509K 0.02%
42,100
– –
IDE
185
Voya Infrastructure, Industrials and Materials Fund
IDE
$200M
$497K 0.02%
47,006
-33,562
-42% -$351K
ORCL icon
186
Oracle
ORCL
$419B
$496K 0.02%
3,550
– –
NVG icon
187
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.68B
$489K 0.02%
39,500
-104,640
-73% -$1.31M
QUAL icon
188
iShares MSCI USA Quality Factor ETF
QUAL
$48B
$414K 0.01%
2,425
-46,902
-95% -$8.4M
ACWX icon
189
iShares MSCI ACWI ex US ETF
ACWX
$11.9B
$368K 0.01%
6,640
-1,489
-18% -$81.8K
IEMG icon
190
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
$368K 0.01%
6,810
– –
NXJ
191
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$342K 0.01%
29,020
-79,797
-73% -$962K
BKN
192
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$302K 0.01%
+26,327
New +$302K
VMCA
193
DELISTED
Valuence Merger Corp. I Class A Ordinary Shares
VMCA
$279K 0.01%
23,750
– –
HEQ
194
John Hancock Hedged Equity & Income Fund
HEQ
$140M
$235K 0.01%
22,593
-450
-2% -$4.71K
WLAC
195
DELISTED
Willow Lane Acquisition Corp
WLAC
$225K 0.01%
+22,500
New +$224K
ABBV icon
196
AbbVie
ABBV
$442B
$220K 0.01%
+1,050
New +$204K
DIS icon
197
Walt Disney
DIS
$179B
$219K 0.01%
2,215
– –
AMGN icon
198
Amgen
AMGN
$224B
$212K 0.01%
+680
New +$201K
MUE
199
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$182K 0.01%
18,225
– –
DSM
200
BNY Mellon Strategic Municipal Bond Fund
DSM
$290M
$149K ﹤0.01%
25,793
– –
6 7
8
9 10

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HCM
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BIG
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SYBT
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DCM
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FAM
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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.