Karpus Management, Inc.
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| CALAMOS STRAT TOT RETURN FD | 152,674 | 1,345,804 | +1,193,130 | 2,945,081 | 25,839,432 | +22,894,351 |
| FINANCIAL SELECT SECTOR SPDR | 0 | 399,770 | +399,770 | 0 | 21,895,400 | +21,895,400 |
| VANGUARD BD INDEX FD INC LONG TERM BOND | 1,625,433 | 1,964,668 | +339,235 | 115,161,931 | 136,583,743 | +21,421,812 |
| SPDR SER TR NUVN BR SHT MUNI | 0 | 398,706 | +398,706 | 0 | 19,133,883 | +19,133,883 |
| LAKE SUPERIOR ACQ CRP; TNT ACQ DT: 4/7/2027; CASH: $10.00 | 0 | 1,782,358 | +1,782,358 | 0 | 17,680,991 | +17,680,991 |
| BLACKROCK INCOME TR INC COM | 291,365 | 1,861,660 | +1,570,295 | 3,274,943 | 20,552,726 | +17,277,783 |
| BLACKROCK MUNIHOLDINGS FUND INC | 7,157,298 | 8,490,550 | +1,333,252 | 84,098,251 | 99,679,053 | +15,580,802 |
| VANGUARD INTL EQUITY INDEX FD ALLWRLD EX US | 742,033 | 923,254 | +181,221 | 52,958,866 | 67,914,535 | +14,955,669 |
| AI INFRASTRUCTURE ACQ CRP; TNT ACQ DT: 4/3/2027; CASH: $10.00 | 0 | 1,241,923 | +1,241,923 | 0 | 12,344,715 | +12,344,715 |
| MCKINLEY ACQ CRP; TNT ACQ DT: 8/12/2027; CASH: $10.00 | 0 | 1,226,785 | +1,226,785 | 0 | 12,231,046 | +12,231,046 |
| VANGUARD BD INDEX FD INC TOTAL BND MRKT | 501,916 | 665,035 | +163,119 | 37,327,529 | 49,259,107 | +11,931,578 |
| LIBERTY ALL-STAR EQUITY FUND | 0 | 1,830,510 | +1,830,510 | 0 | 11,495,603 | +11,495,603 |
| DRUGS MADE IN AMERICA ACQ CRP II; TNT ACQ DT: 9/25/2027; CASH: $10.00 | 0 | 1,143,625 | +1,143,625 | 0 | 11,321,888 | +11,321,888 |
| BLACKROCK NEW YORK MUNICIPAL INCOME TRUST | 683,976 | 1,653,365 | +969,389 | 6,921,837 | 16,765,121 | +9,843,284 |
| EMMIS ACQ CRP; TNT ACQ DT: 3/25/2027; CASH: $10.00 | 0 | 913,836 | +913,836 | 0 | 9,074,391 | +9,074,391 |
| GLOBA TERRA ACQ CRP; TNT ACQ DT: 10/08/2026; CASH: $10.00 | 153,577 | 956,762 | +803,185 | 1,532,698 | 9,663,296 | +8,130,598 |
| CHENGHE ACQ CRP III; TNT ACQ DT: 3/16/2027; CASH: $10.00 | 0 | 795,850 | +795,850 | 0 | 7,934,625 | +7,934,625 |
| BLACKROCK MUNIYIELD QUALITY | 0 | 683,812 | +683,812 | 0 | 7,727,076 | +7,727,076 |
| OXLEY BRIDGE ACQ CRP; TNT ACQ DT: 6/25/2027; CASH: $10.00 | 0 | 766,400 | +766,400 | 0 | 7,725,312 | +7,725,312 |
| NMP ACQ CRP; TNT ACQ DT: 1/2/2027; CASH: $10.00 | 0 | 767,290 | +767,290 | 0 | 7,688,246 | +7,688,246 |
| BLACKROCK SCIENCE & TECH TR | 361,100 | 543,547 | +182,447 | 14,935,092 | 22,035,391 | +7,100,299 |
| CROWN RESERVE ACQUSITION CORP | 0 | 713,825 | +713,825 | 0 | 7,095,421 | +7,095,421 |
| BLACKROCK MUNIHOLDINGS QUALITY FUND II INC | 22,050 | 726,931 | +704,881 | 221,823 | 7,291,121 | +7,069,298 |
| KOCHAV DEFENSE ACQ CRP; TNT ACQ DT: 11/28/2026; CASH: $10.00 | 114,987 | 764,019 | +649,032 | 1,153,320 | 7,747,153 | +6,593,833 |
| A PARADISE ACQ CRP; TTNT ACQ DT: 7/30/2027; CASH: $10.00 | 0 | 654,061 | +654,061 | 0 | 6,573,313 | +6,573,313 |
| BLACKROCK 2030 MUNICIPAL TARGET TERM TRUST | 4,407,881 | 4,618,725 | +210,844 | 99,001,004 | 105,399,310 | +6,398,306 |
| BLACKROCK MUNIYIELD FUND, INC. | 209,271 | 815,853 | +606,582 | 2,209,902 | 8,558,298 | +6,348,396 |
| INDIGO ACQ CRP; TNT ACQ DT: 03/30/2027; CASH: $10.00 | 105,050 | 658,772 | +553,722 | 1,047,349 | 6,607,483 | +5,560,134 |
| BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND | 4,758,154 | 5,389,509 | +631,355 | 51,625,975 | 57,128,791 | +5,502,816 |
| ALLSPRING GLOBAL DIVIDEND OPPORTUNITY FUND | 784,438 | 1,641,368 | +856,930 | 4,471,297 | 9,569,175 | +5,097,878 |
| CALISA ACQ CRP; TNT ACQ DT: 4/22/2027; CASH: $10.00 | 0 | 500,375 | +500,375 | 0 | 4,968,724 | +4,968,724 |
| QUANTUMSPHERE ACQ CRP; TNT ACQ DT: 2/6/2027; CASH: $10.00 | 0 | 494,350 | +494,350 | 0 | 4,948,444 | +4,948,444 |
| BLACKROCK MUN INC TRUST II | 4,426,402 | 4,897,546 | +471,144 | 46,255,897 | 51,130,385 | +4,874,488 |
| BLACKROCK MUNICIPAL INCOME QUALITY TRUST | 99,391 | 539,666 | +440,275 | 1,088,331 | 5,903,946 | +4,815,615 |
| BLACKROCK MUNICIPAL INCOME TRUST | 4,489,500 | 4,953,591 | +464,091 | 45,119,480 | 49,684,520 | +4,565,040 |
| AGRICULTURE & NATURAL SOLUTIONS ACQ CRP; TNT ACQ DT: 11/10/2025; CASH: $10.00 | 1,339,618 | 1,685,893 | +346,275 | 14,615,232 | 18,865,143 | +4,249,911 |
| BLACKROCK MINVESTMENT QALITY MUNICIPAL TRUST | 123,531 | 493,618 | +370,087 | 1,400,842 | 5,528,522 | +4,127,680 |
| ORIGIN ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.10 | 429,115 | 819,444 | +390,329 | 4,312,606 | 8,284,579 | +3,971,973 |
| SILVER PEGASUS ACQ CRP; TNT ACQ DT: 1/15/2027; CASH: $10.00 | 12,500 | 404,542 | +392,042 | 124,625 | 4,069,693 | +3,945,068 |
| COLUMBIA SELIGMAN PREMIUM TECH | 0 | 103,580 | +103,580 | 0 | 3,810,708 | +3,810,708 |
| BLACKROCK MUNIYELD QUALITY FUND II | 369,564 | 746,841 | +377,277 | 3,706,727 | 7,505,752 | +3,799,025 |
| DWS MUNICIPAL INCOME TRUST | 3,300,834 | 3,715,549 | +414,715 | 30,268,647 | 33,774,337 | +3,505,690 |
| BlackRock MuniYield Quality Fund III | 56,400 | 375,708 | +319,308 | 624,917 | 4,083,951 | +3,459,034 |
| BLUE ACQ CRP; TNT ACQ DT: 03/13/2027; CASH: $10.00 | 335,102 | 652,415 | +317,313 | 3,349,344 | 6,661,157 | +3,311,813 |
| BLACKROCK HEALTH SCIENCES | 68,319 | 141,658 | +73,339 | 2,543,516 | 5,826,394 | +3,282,878 |
| ABRDN AUSTRALIA EQUITY FUND | 0 | 251,962 | +251,962 | 0 | 3,255,349 | +3,255,349 |
| PIONEER ACQ CRP; TNT ACQ DT: 6/18/2027; CASH: $10.00 | 160,000 | 481,088 | +321,088 | 1,590,400 | 4,834,934 | +3,244,534 |
| BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST | 0 | 285,799 | +285,799 | 0 | 3,069,481 | +3,069,481 |
| ISHARES LEHMAN 7-10YR TREAS | 443,638 | 476,221 | +32,583 | 42,793,281 | 45,793,408 | +3,000,127 |
| ISHARES MSCI DENMARK ETF | 54,575 | 77,516 | +22,941 | 5,950,056 | 8,873,272 | +2,923,216 |
| ALLIANCE NATIONAL MUNICIPAL INCOME FUND | 1,281,834 | 1,539,698 | +257,864 | 13,907,903 | 16,659,532 | +2,751,629 |
| VANGUARD INDEX FDS SMALL CP ETF | 329,883 | 334,706 | +4,823 | 83,882,610 | 86,337,372 | +2,454,762 |
| VENDOME ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.00 | 400,023 | 639,753 | +239,730 | 3,972,228 | 6,416,723 | +2,444,495 |
| VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF | 1,239,543 | 1,294,118 | +54,575 | 67,158,445 | 69,571,789 | +2,413,344 |
| JOHN HANCOCK INCOME SECURITIES TRUST | 165,265 | 369,608 | +204,343 | 1,929,469 | 4,328,110 | +2,398,641 |
| K&F GROWTH ACQ CRP; TNT ACQ DT: 11/05/2026; CASH: $10.05 | 1,146,450 | 1,328,387 | +181,937 | 11,710,987 | 13,708,954 | +1,997,967 |
| SOLARIUS ACQ CRP; TNT ACQ DT: 4/16/2027; CASH: $10.05 | 75,615 | 268,615 | +193,000 | 753,125 | 2,699,581 | +1,946,456 |
| COPLEY ACQ CRP; TNT ACQ DT: 4/30/2027; CASH: $10.05 | 1,359,828 | 1,535,003 | +175,175 | 13,747,861 | 15,657,031 | +1,909,170 |
| ISHARES MSCI CDA ETF | 269,534 | 286,858 | +17,324 | 13,624,929 | 15,470,236 | +1,845,307 |
| CALAMOS GLOBAL DYNAMIC INCOME FUND | 1,665,758 | 1,941,888 | +276,130 | 12,559,816 | 14,389,391 | +1,829,575 |
| WESTERN ASSET INV GRA DEF OP | 0 | 109,933 | +109,933 | 0 | 1,813,895 | +1,813,895 |
| VANGUARD CORE TAX EXEMPT BOND ETF | 533,467 | 554,144 | +20,677 | 40,143,383 | 41,876,664 | +1,733,281 |
| BLUE WATER ACQ CRP III; TNT ACQ DT: 06/10/2027; CASH: $10.00 | 98,170 | 259,820 | +161,650 | 977,773 | 2,681,342 | +1,703,569 |
| ISHARES TR CORE MSCI EURO | 484,802 | 488,052 | +3,250 | 33,024,741 | 34,641,961 | +1,617,220 |
| PIMCO CALIFORNIA MUNICIPAL INC | 1,371,202 | 1,554,343 | +183,141 | 11,956,881 | 13,569,411 | +1,612,530 |
| ISHARES EMU ETF | 193,297 | 210,019 | +16,722 | 11,972,816 | 13,462,218 | +1,489,402 |
| ISHARES MSCI SOUTH KOREA IND | 90,710 | 89,087 | -1,623 | 7,265,871 | 8,661,038 | +1,395,167 |
| EATON VANCE TAX-ADV GLOBAL DIV OPP FUND | 624,947 | 612,728 | -12,219 | 17,223,539 | 18,596,295 | +1,372,756 |
| WESTERN ASSET CLYM INFL SEC IN COM SH BEN INT | 7,846,936 | 8,143,596 | +296,660 | 66,071,203 | 67,347,538 | +1,276,335 |
| VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF | 272,924 | 275,400 | +2,476 | 21,779,335 | 23,026,194 | +1,246,859 |
| PACER GLOBAL CASH COWS DIVIDEND | 336,447 | 353,352 | +16,905 | 13,330,013 | 14,565,152 | +1,235,139 |
| VANGUARD GROWTH ETF | 71,803 | 72,958 | +1,155 | 34,437,437 | 35,593,290 | +1,155,853 |
| FIGX CAPITAL ACQ CRP; TNT ACQ DT: 6/27/2027; CASH: $10.00 | 0 | 112,766 | +112,766 | 0 | 1,134,426 | +1,134,426 |
| BEST SPAC ACQ CRP; TNT ACQ DT: 12/13/2026; CASH: $10.00 | 64,695 | 171,195 | +106,500 | 649,538 | 1,729,070 | +1,079,532 |
| AXIOM INTELLGENCE ACQ CRP; TNT ACQ DT: 6/18/2027; CASH: $10.00 | 0 | 102,500 | +102,500 | 0 | 1,031,150 | +1,031,150 |
| VANGUARD FTSE PACIFIC ETF | 379,616 | 379,849 | +233 | 33,345,472 | 34,338,353 | +992,881 |
| HARVARD AVE ACQ CRP; TNT ACQ DT: 4/30/2027; CASH:$10.00 | 0 | 99,150 | +99,150 | 0 | 984,560 | +984,560 |
| STONEBRIDGE ACQ CRP II; TNT ACQ DT: 4/3/2027; CASH: $10.00 | 0 | 96,775 | +96,775 | 0 | 962,911 | +962,911 |
| GIGCAPITAL8 ACQ CRP ; TNT ACQ DT: 10/6/2027; CASH: $10.00 | 0 | 89,950 | +89,950 | 0 | 889,606 | +889,606 |
| NEWBURY STREET ACQ CRP II; TNT ACQ DT: 10/31/2026; CASH: $10.05 | 497,662 | 578,387 | +80,725 | 5,155,778 | 6,032,576 | +876,798 |
| NUVEEN CORE EQUITY ALPHA FUND COM | 0 | 49,077 | +49,077 | 0 | 782,287 | +782,287 |
| BNY MELLON STRATEGIC MUNICIPAL BOND FUND INC | 860,309 | 951,272 | +90,963 | 5,093,029 | 5,869,348 | +776,319 |
| BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND INC | 3,592,742 | 3,663,762 | +71,020 | 36,717,823 | 37,480,281 | +762,458 |
| NUEBERGER BERMAN MUNICIPAL FUND INC | 0 | 68,199 | +68,199 | 0 | 690,174 | +690,174 |
| AA MISSION ACQ CRP II; TNT ACQ DT: 10/1/2027; CASH: $10.00 | 0 | 66,850 | +66,850 | 0 | 664,489 | +664,489 |
| BLACKROCK MUNIVEST FUND | 8,343,979 | 8,350,955 | +6,976 | 57,239,696 | 57,872,118 | +632,422 |
| OYSTER ENTERPRICES ACQ CRP II; TNT ACQ DT: 5/22/2027; CASH: $10.00 | 619,717 | 673,111 | +53,394 | 6,209,564 | 6,784,959 | +575,395 |
| SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | 0 | 6,290 | +6,290 | 0 | 574,780 | +574,780 |
| CO2 ENERGY TRANSITION ACQ CRP; TNT ACQ DT: 5/21/2026; CASH: $10.05 | 737,471 | 780,246 | +42,775 | 7,492,705 | 8,028,731 | +536,026 |
| TITAN ACQ CRP; TNT ACQ DT: 4/8/2027; CASH: $10.05 | 309,075 | 356,100 | +47,025 | 3,127,839 | 3,650,381 | +522,542 |
| ISHARES CORE DIVIDEND GROWTH ETF | 97,006 | 102,418 | +5,412 | 6,604,168 | 7,109,858 | +505,690 |
| PYROPHYTE ACQ CRP; TNT ACQ DT: 7/17/2027; CASH: $10.00 | 0 | 50,000 | +50,000 | 0 | 503,000 | +503,000 |
| APEX TREASURY ACQ CRP UNIT; TNT ACQ DT: 10/28/2027; CASH: $10.00 | 0 | 49,675 | +49,675 | 0 | 497,247 | +497,247 |
| GP-ACT III ACQ CRP; TNT ACQ DT: 5/10/2026; CASH: $10.00 | 2,306,816 | 2,331,866 | +25,050 | 24,452,250 | 24,927,648 | +475,398 |
| CAL REDWOOD ACQ CRP; TNT ACQ DT: 5/23/2027; CASH:$10.00 | 304,115 | 346,940 | +42,825 | 3,041,424 | 3,504,094 | +462,670 |
| ISHARES RUSSELL 1000 ETF | 85,777 | 84,998 | -779 | 31,349,825 | 31,741,701 | +391,876 |
| BLACKROCK MUNIVEST FUND II | 409,055 | 438,019 | +28,964 | 4,348,255 | 4,734,985 | +386,730 |
| PAYCHEX INC | 0 | 3,290 | +3,290 | 0 | 369,072 | +369,072 |
| NUVEEN NAS100 DYN OVERWRT FD | 1,722,190 | 1,670,779 | -51,411 | 47,291,325 | 47,650,604 | +359,279 |
| LAFAYETTE ACQUISTION CORP | 0 | 27,590 | +27,590 | 0 | 273,141 | +273,141 |