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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
ORCL icon
176
Oracle
ORCL
$419B
$998K 0.03%
3,550
– –
BLUW
177
Blue Water Acquisition Corp III
BLUW
$334M
$978K 0.03%
+98,170
New +$979K
DRDB
178
Roman DBDR Acquisition Corp II
DRDB
$326M
$907K 0.03%
87,875
-525
-0.6% -$5.4K
VCIC
179
DELISTED
Vine Hill Capital Investment Corp
VCIC
$907K 0.03%
84,665
– –
MSFT icon
180
Microsoft
MSFT
$3.74T
$881K 0.03%
1,700
– –
FORL
181
DELISTED
Four Leaf Acquisition Corp
FORL
$842K 0.03%
73,238
-96,483
-57% -$1.12M
SOCA
182
Solarius Capital Acquisition Corp
SOCA
$242M
$753K 0.02%
+75,615
New +$754K
IAF
183
abrdn Australia Equity Fund
IAF
$128M
$746K 0.02%
+54,149
New +$740K
FTW
184
Presidio Production Co
FTW
$338M
$683K 0.02%
65,800
– –
NQP
185
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$671K 0.02%
+55,905
New +$621K
BSAA
186
BEST SPAC I Acquisition Corp
BSAA
$83.7M
$650K 0.02%
+64,695
New +$648K
MYI icon
187
BlackRock MuniYield Quality Fund III
MYI
$717M
$625K 0.02%
56,400
-271,400
-83% -$2.88M
VMO icon
188
Invesco Municipal Opportunity Trust
VMO
$663M
$592K 0.02%
61,249
-746,559
-92% -$6.91M
BIL icon
189
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
$577K 0.02%
6,290
-1,000
-14% -$91.6K
HD icon
190
Home Depot
HD
$353B
$567K 0.02%
1,400
– –
LLY icon
191
Eli Lilly
LLY
$1.08T
$519K 0.02%
680
– –
IEMG icon
192
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
$448K 0.01%
6,795
-15
-0.2% -$936
ACWX icon
193
iShares MSCI ACWI ex US ETF
ACWX
$11.9B
$386K 0.01%
5,938
-102
-2% -$6.38K
HTD
194
John Hancock Tax-Advantaged Dividend Income Fund
HTD
$902M
$283K 0.01%
11,430
-214,606
-95% -$5.22M
AGG icon
195
iShares Core US Aggregate Bond ETF
AGG
$137B
$277K 0.01%
+2,760
New +$274K
VT icon
196
Vanguard Total World Stock ETF
VT
$81.1B
$268K 0.01%
1,945
-70
-3% -$9.3K
DIS icon
197
Walt Disney
DIS
$179B
$254K 0.01%
2,215
– –
ABBV icon
198
AbbVie
ABBV
$442B
$243K 0.01%
+1,050
New +$214K
MUE
199
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$222K 0.01%
22,050
+3,825
+21% +$36.8K
EVM
200
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$197K 0.01%
+20,710
New +$187K
6 7
8
9 10

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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.