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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
VOO icon
1
Vanguard S&P 500 ETF
VOO
$979B
$265M 8.15%
422,908
-20,604
-5% -$12.8M
BLV icon
2
Vanguard Long-Term Bond ETF
BLV
$5.71B
$137M 4.19%
1,964,668
+339,235
+21% +$24M
BTT icon
3
BlackRock Municipal 2030 Target Term Trust
BTT
$1.43B
$105M 3.24%
4,618,725
+210,844
+5% +$4.75M
MHD icon
4
BlackRock MuniHoldings Fund
MHD
$598M
$99.7M 3.06%
8,490,550
+1,333,252
+19% +$15.6M
VB icon
5
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
$86.3M 2.65%
334,706
+4,823
+1% +$1.24M
IVV icon
6
iShares Core S&P 500 ETF
IVV
$878B
$72.5M 2.23%
105,868
-19,070
-15% -$12.9M
VWO icon
7
Vanguard FTSE Emerging Markets ETF
VWO
$121B
$69.6M 2.14%
1,294,118
+54,575
+4% +$2.96M
FINS
8
Angel Oak Financial Strategies Income Term Trust
FINS
$418M
$68M 2.09%
5,151,041
-162,941
-3% -$2.14M
VEU icon
9
Vanguard FTSE All-World ex-US ETF
VEU
$66.6B
$67.9M 2.09%
923,254
+181,221
+24% +$13.2M
WIA
10
Western Asset Inflation-Linked Income Fund
WIA
$185M
$67.3M 2.07%
8,143,596
+296,660
+4% +$2.48M
AAM
11
DELISTED
AA Mission Acquisition Corp
AAM
$61M 1.87%
5,717,512
-97,588
-2% -$1.03M
MVF
12
DELISTED
BlackRock MuniVest Fund
MVF
$57.9M 1.78%
8,350,955
+6,976
+0.1% +$48.5K
MUC icon
13
BlackRock MuniHoldings California Quality Fund
MUC
$996M
$57.1M 1.75%
5,389,509
+631,355
+13% +$6.78M
BLE
14
DELISTED
BlackRock Municipal Income Trust II
BLE
$51.1M 1.57%
4,897,546
+471,144
+11% +$4.92M
BFK
15
DELISTED
BlackRock Municipal Income Trust
BFK
$49.7M 1.53%
4,953,591
+464,091
+10% +$4.64M
BND icon
16
Vanguard Total Bond Market
BND
$157B
$49.3M 1.51%
665,035
+163,119
+32% +$12.1M
QQQX icon
17
Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
$1.44B
$47.7M 1.46%
1,670,779
-51,411
-3% -$1.43M
GDV icon
18
Gabelli Dividend & Income Trust
GDV
$2.6B
$45.9M 1.41%
1,651,516
-94,578
-5% -$2.56M
IEF icon
19
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
$45.8M 1.41%
476,221
+32,583
+7% +$3.15M
NBXG
20
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.16B
$44.4M 1.36%
3,075,844
-124,711
-4% -$1.84M
VCRM
21
Vanguard Core Tax-Exempt Bond ETF
VCRM
$1.68B
$41.9M 1.29%
554,144
+20,677
+4% +$1.56M
MHN
22
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$37.5M 1.15%
3,663,762
+71,020
+2% +$734K
LEGT
23
DELISTED
Legato Merger Corp III
LEGT
$36.3M 1.11%
3,333,541
-40,438
-1% -$438K
NRK icon
24
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$901M
$35.7M 1.1%
3,536,744
-5,162,537
-59% -$52.3M
VUG icon
25
Vanguard Morningstar Growth ETF
VUG
$220B
$35.6M 1.09%
437,748
+6,930
+2% +$562K
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 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.