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Portfolio (Quarterly) Guide ↗

Karpus Management, Inc.

· CIK 0001048703
13F Portfolio $3.3B AUM 214 positions Filed Feb 17, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 35 New 67 Added 81 Reduced 25 Exited
Page 4 of 4  ·  67 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 CAL REDWOOD ACQ CRP; TNT ACQ DT: 5/23/2027; CASH:$10.00 346,940.0 $3.5M 0.11% +43K +14.1% $10.10
62 SOLARIUS ACQ CRP; TNT ACQ DT: 4/16/2027; CASH: $10.05 268,615.0 $2.7M 0.08% +193K +255.2% $10.05
63 BLUE WATER ACQ CRP III; TNT ACQ DT: 06/10/2027; CASH: $10.00 259,820.0 $2.7M 0.08% +162K +164.7% $10.32
64 BSAA BEST SPAC ACQ CRP; TNT ACQ DT: 12/13/2026; CASH: $10.00 Financial Services 171,195.0 $1.7M 0.05% +106K +164.6% $10.10 +2.2%
65 CHAMPIONSGATE ACQ CRP; TNT ACQ DT: 11/27/2026; CASH: $10.05 137,980.0 $1.4M 0.04% +18K +15.3% $10.19
66 AGG ISHARES LEHMAN AGG BOND FUND 3,435.0 $343K 0.01% +675.0 +24.5% $99.88 -1.9%
67 DTF DTF TAX-FREE INCOME INC COM Financial Services 21,031.0 $240K 0.01% +9K +82.3% $11.42 -0.3%
Page 4 of 4  ·  67 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 99.7%
Healthcare 0.1%
Technology 0.1%
Communication Services 0.0%
Consumer Cyclical 0.0%
Industrials 0.0%