Largest positions
| Issuer | Class | Value | Share |
|---|---|---|---|
| Vanguard Index Fds S&P 500 ETF SHS&P 500 ETF SHS | S&P 500 ETF SHS | $252M | 7.2% |
| Blackrock Muniholdings Fund Inc.COM | COM | $236M | 6.8% |
| Vanguard BD Index FD Inc. Long Term BondLONG TERM BOND | LONG TERM BOND | $147M | 4.2% |
| Blackrock 2030 Municipal Target Term TrustCOM SHS BEN IN | COM SHS BEN IN | $106M | 3.0% |
| Vanguard Index Fds Small CP ETFSMALL CP ETF | SMALL CP ETF | $96.9M | 2.8% |
| Blackrock Muniyield New York Quality Fund Inc.COM | COM | $80.6M | 2.3% |
| Vanguard Intl Equity Index FD FTSE Emr Mkt ETFFTSE EMR MKT ETF | FTSE EMR MKT ETF | $77.3M | 2.2% |
| Vanguard Intl Equity Index FD Allwrld EX USALLWRLD EX US | ALLWRLD EX US | $76.4M | 2.2% |
| iShares Lehman 20plus YR Treas20 YR TR BD ETF | 20 YR TR BD ETF | $76.3M | 2.2% |
| Western Asset Clym Infl Sec IN Com SH Ben IntCOM SH BEN INT | COM SH BEN INT | $70.3M | 2.0% |
| Blackrock Muniyield Quality Fund IiiCOM | COM | $60.5M | 1.7% |
| iShares Core S&P500 ETFCORE S&P500 ETF | CORE S&P500 ETF | $60.4M | 1.7% |
| Angel Oak Financial Strategies Income Term TrustCOM BEN INT | COM BEN INT | $59.6M | 1.7% |
| Blackrock Muniholdings California Quality FundCOM | COM | $50.6M | 1.5% |
| Neuberger Berman Next Generation Connectivity FundCOMMON STOCK | COMMON STOCK | $49.3M | 1.4% |
| Vanguard Core Tax Exempt Bond ETFCORE TAX EXEMPT | CORE TAX EXEMPT | $46.9M | 1.3% |
| Gabelli Divd & Income TRCOM | COM | $42.5M | 1.2% |
| Calamos Strat Tot Return FDCOM SH BEN INT | COM SH BEN INT | $42.2M | 1.2% |
| Nuveen Nas100 Dyn Overwrt FDCOM SHS | COM SHS | $42M | 1.2% |
| Vanguard BD Index FD Inc. Total Bnd MrktTOTAL BND MRKT | TOTAL BND MRKT | $41.5M | 1.2% |
| Alliance National Municipal Income FundCOM | COM | $41.1M | 1.2% |
| Vanguard FTSE Pacific ETFFTSE PACIFIC ETF | FTSE PACIFIC ETF | $39M | 1.1% |
| iShares TR Core MSCI EuroCORE MSCI EURO | CORE MSCI EURO | $36.2M | 1.0% |
| Blackrock Science & Tech TRSHS | SHS | $32.4M | 0.9% |
| iShares Lehman 7-10yr Treas7-10 YR TRSY BD | 7-10 YR TRSY BD | $31.4M | 0.9% |
| iShares Russell 1000 ETFRUS 1000 ETF | RUS 1000 ETF | $30.5M | 0.9% |
| SC Acq Crp Ii; Tnt Acq Dt: 5/25/2027; Cash: $10.00ORD SHS CLASS A | ORD SHS CLASS A | $29.5M | 0.8% |
| Drugs Made IN America Acq Crp Ii; Tnt Acq Dt: 9/25/2027; Cash: $10.00USD ORD SHS | USD ORD SHS | $28M | 0.8% |
| Blackrock Muniyield QualityCOM | COM | $28M | 0.8% |
| Drugs Made IN America Acq Crp: 4/28/2026; Cash: $10.05ORD SHS | ORD SHS | $26.7M | 0.8% |
| Apogee Acq Crp; Tnt Acq Dt: 7/07/2027; Cash: $10.05ORD SHS CL A | ORD SHS CL A | $26.3M | 0.8% |
| Vanguard Index Fds Total Stk MktTOTAL STK MKT | TOTAL STK MKT | $25.4M | 0.7% |
| Dws Municipal Income TrustCOM | COM | $25.4M | 0.7% |
| Vanguard Intl Equity Index FD FTSE Europe ETFFTSE EUROPE ETF | FTSE EUROPE ETF | $25.1M | 0.7% |
| Liberty All-star Growth FDCOM | COM | $24.9M | 0.7% |
| Calamos Global Dynamic Income FundCOM | COM | $21.9M | 0.6% |
| Financial Select Sector SPDRST STR FINL ETF | ST STR FINL ETF | $21.8M | 0.6% |
| Eaton Vance Tax-adv Global Div Opp FundCOM | COM | $21.6M | 0.6% |
| AI Infrastructure Acq Crp; Tnt Acq Dt: 4/3/2027; Cash: $10.00ORD SHS CL A | ORD SHS CL A | $20.6M | 0.6% |
| Tavia Acq Crp; Tnt Acq Dt: 6/4/2026; Cash: $10.05SHS | SHS | $20.2M | 0.6% |
| Blackrock Income TR Inc.COM NEW | COM NEW | $19.6M | 0.6% |
| iShares Emu ETFMSCI EURZONE ETF | MSCI EURZONE ETF | $19.4M | 0.6% |
| Vanguard World Fds Inf Tech ETFINF TECH ETF | INF TECH ETF | $19.3M | 0.6% |
| Liberty All-star Equity FundSH BEN INT | SH BEN INT | $19M | 0.5% |
| Mckinley Acq Crp; Tnt Acq Dt: 8/12/2027; Cash: $10.00SHS CL A | SHS CL A | $18.5M | 0.5% |
| Agriculture & Natural Solutions Acq Crp; Tnt Acq Dt: 11/10/2025; Cash: $10.00SHS CL A | SHS CL A | $18.4M | 0.5% |
| iShares MSCI Cda ETFMSCI CDA ETF | MSCI CDA ETF | $18.3M | 0.5% |
| Pimco California Municipal Inc.COM | COM | $18.2M | 0.5% |
| Pacer Global Cash Cows DividendGLOBL CASH ETF | GLOBL CASH ETF | $17.9M | 0.5% |
| RF Acquisition Corp. Ii. Tnt Acq Dt: 11/21/2025; Cash: $10.05SHS | SHS | $17.9M | 0.5% |
Vanguard Index Fds S&P 500 ETF SHS&P 500 ETF SHS$252M
- Class
- S&P 500 ETF SHS
- Share
- 7.2%
Blackrock Muniholdings Fund Inc.COM$236M
- Class
- COM
- Share
- 6.8%
Vanguard BD Index FD Inc. Long Term BondLONG TERM BOND$147M
- Class
- LONG TERM BOND
- Share
- 4.2%
Blackrock 2030 Municipal Target Term TrustCOM SHS BEN IN$106M
- Class
- COM SHS BEN IN
- Share
- 3.0%
Vanguard Index Fds Small CP ETFSMALL CP ETF$96.9M
- Class
- SMALL CP ETF
- Share
- 2.8%
Blackrock Muniyield New York Quality Fund Inc.COM$80.6M
- Class
- COM
- Share
- 2.3%
Vanguard Intl Equity Index FD FTSE Emr Mkt ETFFTSE EMR MKT ETF$77.3M
- Class
- FTSE EMR MKT ETF
- Share
- 2.2%
Vanguard Intl Equity Index FD Allwrld EX USALLWRLD EX US$76.4M
- Class
- ALLWRLD EX US
- Share
- 2.2%
iShares Lehman 20plus YR Treas20 YR TR BD ETF$76.3M
- Class
- 20 YR TR BD ETF
- Share
- 2.2%
Western Asset Clym Infl Sec IN Com SH Ben IntCOM SH BEN INT$70.3M
- Class
- COM SH BEN INT
- Share
- 2.0%
Blackrock Muniyield Quality Fund IiiCOM$60.5M
- Class
- COM
- Share
- 1.7%
iShares Core S&P500 ETFCORE S&P500 ETF$60.4M
- Class
- CORE S&P500 ETF
- Share
- 1.7%
Angel Oak Financial Strategies Income Term TrustCOM BEN INT$59.6M
- Class
- COM BEN INT
- Share
- 1.7%
Blackrock Muniholdings California Quality FundCOM$50.6M
- Class
- COM
- Share
- 1.5%
Neuberger Berman Next Generation Connectivity FundCOMMON STOCK$49.3M
- Class
- COMMON STOCK
- Share
- 1.4%
Vanguard Core Tax Exempt Bond ETFCORE TAX EXEMPT$46.9M
- Class
- CORE TAX EXEMPT
- Share
- 1.3%
Gabelli Divd & Income TRCOM$42.5M
- Class
- COM
- Share
- 1.2%
Calamos Strat Tot Return FDCOM SH BEN INT$42.2M
- Class
- COM SH BEN INT
- Share
- 1.2%
Nuveen Nas100 Dyn Overwrt FDCOM SHS$42M
- Class
- COM SHS
- Share
- 1.2%
Vanguard BD Index FD Inc. Total Bnd MrktTOTAL BND MRKT$41.5M
- Class
- TOTAL BND MRKT
- Share
- 1.2%
Alliance National Municipal Income FundCOM$41.1M
- Class
- COM
- Share
- 1.2%
Vanguard FTSE Pacific ETFFTSE PACIFIC ETF$39M
- Class
- FTSE PACIFIC ETF
- Share
- 1.1%
iShares TR Core MSCI EuroCORE MSCI EURO$36.2M
- Class
- CORE MSCI EURO
- Share
- 1.0%
Blackrock Science & Tech TRSHS$32.4M
- Class
- SHS
- Share
- 0.9%
iShares Lehman 7-10yr Treas7-10 YR TRSY BD$31.4M
- Class
- 7-10 YR TRSY BD
- Share
- 0.9%
iShares Russell 1000 ETFRUS 1000 ETF$30.5M
- Class
- RUS 1000 ETF
- Share
- 0.9%
SC Acq Crp Ii; Tnt Acq Dt: 5/25/2027; Cash: $10.00ORD SHS CLASS A$29.5M
- Class
- ORD SHS CLASS A
- Share
- 0.8%
Drugs Made IN America Acq Crp Ii; Tnt Acq Dt: 9/25/2027; Cash: $10.00USD ORD SHS$28M
- Class
- USD ORD SHS
- Share
- 0.8%
Blackrock Muniyield QualityCOM$28M
- Class
- COM
- Share
- 0.8%
Drugs Made IN America Acq Crp: 4/28/2026; Cash: $10.05ORD SHS$26.7M
- Class
- ORD SHS
- Share
- 0.8%
Apogee Acq Crp; Tnt Acq Dt: 7/07/2027; Cash: $10.05ORD SHS CL A$26.3M
- Class
- ORD SHS CL A
- Share
- 0.8%
Vanguard Index Fds Total Stk MktTOTAL STK MKT$25.4M
- Class
- TOTAL STK MKT
- Share
- 0.7%
Dws Municipal Income TrustCOM$25.4M
- Class
- COM
- Share
- 0.7%
Vanguard Intl Equity Index FD FTSE Europe ETFFTSE EUROPE ETF$25.1M
- Class
- FTSE EUROPE ETF
- Share
- 0.7%
Liberty All-star Growth FDCOM$24.9M
- Class
- COM
- Share
- 0.7%
Calamos Global Dynamic Income FundCOM$21.9M
- Class
- COM
- Share
- 0.6%
Financial Select Sector SPDRST STR FINL ETF$21.8M
- Class
- ST STR FINL ETF
- Share
- 0.6%
Eaton Vance Tax-adv Global Div Opp FundCOM$21.6M
- Class
- COM
- Share
- 0.6%
AI Infrastructure Acq Crp; Tnt Acq Dt: 4/3/2027; Cash: $10.00ORD SHS CL A$20.6M
- Class
- ORD SHS CL A
- Share
- 0.6%
Tavia Acq Crp; Tnt Acq Dt: 6/4/2026; Cash: $10.05SHS$20.2M
- Class
- SHS
- Share
- 0.6%
Blackrock Income TR Inc.COM NEW$19.6M
- Class
- COM NEW
- Share
- 0.6%
iShares Emu ETFMSCI EURZONE ETF$19.4M
- Class
- MSCI EURZONE ETF
- Share
- 0.6%
Vanguard World Fds Inf Tech ETFINF TECH ETF$19.3M
- Class
- INF TECH ETF
- Share
- 0.6%
Liberty All-star Equity FundSH BEN INT$19M
- Class
- SH BEN INT
- Share
- 0.5%
Mckinley Acq Crp; Tnt Acq Dt: 8/12/2027; Cash: $10.00SHS CL A$18.5M
- Class
- SHS CL A
- Share
- 0.5%
Agriculture & Natural Solutions Acq Crp; Tnt Acq Dt: 11/10/2025; Cash: $10.00SHS CL A$18.4M
- Class
- SHS CL A
- Share
- 0.5%
iShares MSCI Cda ETFMSCI CDA ETF$18.3M
- Class
- MSCI CDA ETF
- Share
- 0.5%
Pimco California Municipal Inc.COM$18.2M
- Class
- COM
- Share
- 0.5%
Pacer Global Cash Cows DividendGLOBL CASH ETF$17.9M
- Class
- GLOBL CASH ETF
- Share
- 0.5%
RF Acquisition Corp. Ii. Tnt Acq Dt: 11/21/2025; Cash: $10.05SHS$17.9M
- Class
- SHS
- Share
- 0.5%
The share class is shown on a wider screen.
The 50 largest of 233 positions by value, with holdings of the same security combined. The 200 largest are in this firm's machine-readable record. Share counts and quarter-on-quarter changes for each position are on EDGAR. View the full information table on EDGAR
This filing
- Form
- 13F-HR
- CIK
- 1048703
- File number
- 028-11445
- Options
- 0 call, 0 put
- In the 25 largest
- 54.5%
- Prior quarter
- $3.21B at 31 March 2026
- Positions opened
- 27
- Positions closed
- 25
Common questions
What are Karpus Management’s 13F holdings worth?
$3.48 billion across 233 positions for the quarter ended 30 June 2026.
What is Karpus Management’s largest 13F holding?
VANGUARD INDEX FDS S&P 500 ETF SH (S&P 500 ETF SHS) was the largest position at $252 million, or 7.2% of reported 13F value, as of 30 June 2026.
How concentrated is Karpus Management’s 13F portfolio?
The ten largest positions accounted for 35.0% of reported value and the twenty-five largest for 54.5%, across 233 positions as of 30 June 2026.
Does Form 13F show everything Karpus Management manages?
No. Form 13F covers only long positions in exchange-traded securities over which the manager has investment discretion, valued at quarter end. It excludes cash, most bonds, private funds, and any assets the firm does not have discretion over, so it is neither the firm's total assets nor any individual client's portfolio.
How often does Karpus Management file its 13F?
Every quarter. Managers file within 45 days of each quarter's end, so the figures are a snapshot that changes between filings. This page shows the quarter ended 30 June 2026.
Answered from this filing and the prior quarter's.