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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 6 of 11  ·  214 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 BLACKROCK MUNIYELD QUALITY FUND II 746,841.0 $7.5M 0.23% +377K +102.1% $10.05
102 BLACKROCK MUNIHOLDINGS QUALITY FUND II INC 726,931.0 $7.3M 0.22% +705K +3196.7% $10.03
103 VOYAGER ACQ CRP; TNT ACQ DT: 8/9/2026; CASH: $10.05 667,716.0 $7.1M 0.22% -4K -0.6% $10.67
104 DGRO ISHARES CORE DIVIDEND GROWTH ETF 102,418.0 $7.1M 0.22% +5K +5.6% $69.42 +5.8%
105 CROWN RESERVE ACQUSITION CORP 713,825.0 $7.1M 0.22% NEW $9.94
106 PLUM ACQ CRP IV; TNT ACQ DT: 7/15/2026; CASH: $10.10 672,200.0 $7.0M 0.21% -6K -0.8% $10.43
107 EWZ ISHARES BRAZIL ETF 217,760.0 $6.9M 0.21% $31.77 +15.2%
108 OYSTER ENTERPRICES ACQ CRP II; TNT ACQ DT: 5/22/2027; CASH: $10.00 673,111.0 $6.8M 0.21% +53K +8.6% $10.08
109 BACC BLUE ACQ CRP; TNT ACQ DT: 03/13/2027; CASH: $10.00 Financial Services 652,415.0 $6.7M 0.20% +317K +94.7% $10.21 +2.3%
110 INDIGO ACQ CRP; TNT ACQ DT: 03/30/2027; CASH: $10.00 658,772.0 $6.6M 0.20% +554K +527.1% $10.03
111 A PARADISE ACQ CRP; TTNT ACQ DT: 7/30/2027; CASH: $10.00 654,061.0 $6.6M 0.20% NEW $10.05
112 MLAC MOUNTAIN LAKE ACQ CRP; TNT ACQ DT: 6/13/2026; CASH: $10.05 Financial Services 620,220.0 $6.5M 0.20% -50K -7.5% $10.40 +1.8%
113 VENDOME ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.00 639,753.0 $6.4M 0.20% +240K +59.9% $10.03
114 TDAC TRIDENT ACQ CORP; TNT ACQ DATE: 11/30/19; CASH $10.20 Financial Services 613,425.0 $6.4M 0.20% -3K -0.5% $10.46 +1.7%
115 JOF JAPAN SMALLER CAPTLZTN FD INC COM Financial Services 566,415.0 $6.3M 0.19% -96K -14.4% $11.08 +3.7%
116 NEWBURY STREET ACQ CRP II; TNT ACQ DT: 10/31/2026; CASH: $10.05 578,387.0 $6.0M 0.18% +81K +16.2% $10.43
117 SOULPOWER ACQ CRP; TNT ACQ DT: 4/2/2027; CASH: $10.00 582,640.0 $5.9M 0.18% $10.15
118 BLACKROCK MUNICIPAL INCOME QUALITY TRUST 539,666.0 $5.9M 0.18% +440K +443.0% $10.94
119 DSM BNY MELLON STRATEGIC MUNICIPAL BOND FUND INC Financial Services 951,272.0 $5.9M 0.18% +91K +10.6% $6.17 -2.0%
120 BME BLACKROCK HEALTH SCIENCES Financial Services 141,658.0 $5.8M 0.18% +73K +107.3% $41.13 -5.7%
Page 6 of 11  ·  214 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%