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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 21.08%
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
VOO icon
1
Vanguard S&P 500 ETF
VOO
$979B
$237M 7.69%
461,800
-5,268
-1% -$2.85M
NRK icon
2
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$901M
$185M 5.99%
17,942,460
-1,310,546
-7% -$13.8M
MHD icon
3
BlackRock MuniHoldings Fund
MHD
$598M
$87.4M 2.83%
7,446,755
-47,419
-0.6% -$567K
IVV icon
4
iShares Core S&P 500 ETF
IVV
$878B
$78.7M 2.55%
140,091
-4,207
-3% -$2.48M
MVF
5
DELISTED
BlackRock MuniVest Fund
MVF
$72.4M 2.35%
10,331,144
-968,104
-9% -$6.96M
VB icon
6
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$72.3M 2.34%
326,238
-255
-0.1% -$60.9K
EIM
7
Eaton Vance Municipal Bond Fund
EIM
$491M
$69.9M 2.27%
7,013,648
-772,035
-10% -$7.86M
NEA icon
8
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
$68.7M 2.23%
6,131,607
-4,616,826
-43% -$52.6M
WIA
9
Western Asset Inflation-Linked Income Fund
WIA
$185M
$65.1M 2.11%
7,805,355
+62,285
+0.8% +$510K
BTT icon
10
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$64M 2.07%
3,012,742
+199,462
+7% +$4.22M
AAM
11
DELISTED
AA Mission Acquisition Corp
AAM
$63M 2.04%
6,043,528
+43,075
+0.7% +$439K
VWO icon
12
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$54.8M 1.78%
1,211,646
-12,267
-1% -$552K
MUC icon
13
BlackRock MuniHoldings California Quality Fund
MUC
$996M
$53.9M 1.75%
5,029,383
+432,502
+9% +$4.68M
FINS
14
Angel Oak Financial Strategies Income Term Trust
FINS
$418M
$47.8M 1.55%
3,542,306
-229,145
-6% -$3.05M
NBXG
15
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.16B
$45.2M 1.46%
3,685,746
-122,409
-3% -$1.6M
BFK
16
DELISTED
BlackRock Municipal Income Trust
BFK
$43.6M 1.41%
4,408,579
+64,979
+1% +$656K
QQQX icon
17
Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
$1.44B
$43.1M 1.4%
1,815,285
-27,539
-1% -$719K
GDV icon
18
Gabelli Dividend & Income Trust
GDV
$2.6B
$42.8M 1.39%
1,772,709
+29,154
+2% +$716K
BLE
19
DELISTED
BlackRock Municipal Income Trust II
BLE
$41.1M 1.33%
3,952,989
+54,514
+1% +$579K
LEGT
20
DELISTED
Legato Merger Corp III
LEGT
$40.3M 1.3%
3,837,341
+105,756
+3% +$1.1M
IEF icon
21
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
$40M 1.3%
419,287
+3,111
+0.7% +$291K
VTI icon
22
Vanguard Morningstar Total Stock Market ETF
VTI
$660B
$39M 1.27%
142,072
-1,871
-1% -$544K
GPAT
23
GP-Act III Acquisition Corp
GPAT
$37.1M 1.2%
3,608,177
-33,287
-0.9% -$341K
NAD icon
24
Nuveen Quality Municipal Income Fund
NAD
$2.74B
$36.7M 1.19%
3,188,063
-2,690,935
-46% -$31.6M
SHM icon
25
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.46B
$34.3M 1.11%
721,219
+168,456
+30% +$8.02M
1
2 3 4 5

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SC
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HCM
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BIG
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SYBT
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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.