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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
FIGX
176
FIGX Capital Acquisition Corp
FIGX
$199M
$1.13M 0.03%
+112,766
New +$1.13M
NHIC
177
NewHold Investment Corp III
NHIC
$294M
$1.05M 0.03%
101,800
-5,800
-5% -$59.9K
DTSQ
178
DT Cloud Star Acquisition Corp
DTSQ
$41.1M
$1.04M 0.03%
96,600
-250,098
-72% -$2.68M
AXIN
179
Axiom Intelligence Acquisition Corp 1
AXIN
$280M
$1.03M 0.03%
+102,500
New +$1.03M
HAVA
180
Harvard Ave Acquisition Corp
HAVA
$985K 0.03%
+99,150
New +$982K
APAC
181
StoneBridge Acquisition II Corp
APAC
$82.1M
$963K 0.03%
+96,775
New +$959K
OAKU
182
DELISTED
Oak Woods Acquisition Corp
OAKU
$928K 0.03%
76,700
-272,628
-78% -$3.32M
DRDB
183
Roman DBDR Acquisition Corp II
DRDB
$326M
$911K 0.03%
87,325
-550
-0.6% -$5.73K
GIW
184
GigCapital8
GIW
$369M
$890K 0.03%
+89,950
New +$891K
AFJK
185
Aimei Health Technology Co
AFJK
$38M
$888K 0.03%
78,075
-947,719
-92% -$20.7M
FORL
186
DELISTED
Four Leaf Acquisition Corp
FORL
$844K 0.03%
73,238
– –
MSFT icon
187
Microsoft
MSFT
$3.74T
$822K 0.03%
1,700
– –
JCE icon
188
Nuveen Core Equity Alpha Fund
JCE
$290M
$782K 0.02%
+49,077
New +$774K
LLY icon
189
Eli Lilly
LLY
$1.08T
$731K 0.02%
680
– –
ORCL icon
190
Oracle
ORCL
$419B
$692K 0.02%
3,550
– –
FTW
191
Presidio Production Co
FTW
$338M
$690K 0.02%
65,800
– –
NBH
192
Neuberger Municipal Fund Inc
NBH
$302M
$690K 0.02%
+68,199
New +$700K
YCY
193
AA Mission Acquisition Corp II
YCY
$151M
$664K 0.02%
+66,850
New +$666K
BIL icon
194
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
$575K 0.02%
6,290
– –
PAII
195
Pyrophyte Acquisition Corp II
PAII
$503K 0.02%
+50,000
New +$503K
APXTU
196
Apex Treasury Corp Units
APXTU
$497K 0.02%
+49,675
New +$501K
HD icon
197
Home Depot
HD
$353B
$482K 0.01%
1,400
– –
IEMG icon
198
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
$444K 0.01%
6,605
-190
-3% -$12.7K
ACWX icon
199
iShares MSCI ACWI ex US ETF
ACWX
$11.9B
$398K 0.01%
5,935
-3
-0.1% -$199
PAYX icon
200
Paychex
PAYX
$43.1B
$369K 0.01%
+3,290
New +$385K
6 7
8
9 10

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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.