Karpus Management, Inc.
•CIK: 1048703•Filing: Q4 2025
Karpus Management, Inc., led by the seasoned investor team of John Karpus and his partners, is known for its concentrated, high-conviction equity strategy, currently managing $3.3 billion in assets across 214 positions. Recently, the fund has made notable moves by adding CSQ and MS-PL, with the latter seeing a 572% increase, while exiting positions in IBAC and WFC-PA, reflecting its dynamic approach to capitalizing on market opportunities.
Total AUM
$3.3B
QoQ Performance
+3.1%
Positions
214
Top 10 Concentration
31.9%
Latest Filing
Q4 2025
Top Holdings Allocation
VOO
VOO8.1%
BLV4.2%
BTT3.2%
MHD3.1%
VB2.7%
IVV2.2%
VWO2.1%
FINS2.1%
📈 Biggest Buys
BLV
VANGUARD BD INDEX FD INC LONG TERM BOND
+20.9%
4.2% of portfolio
CSQ
CALAMOS STRAT TOT RETURN FD
+781.5%
0.8% of portfolio
—
LAKE SUPERIOR ACQ CRP; TNT ACQ DT: 4/7/2027; CASH: $10.00
NEW
0.5% of portfolio
BKT
BLACKROCK INCOME TR INC COM
+538.9%
0.6% of portfolio
MHD
BLACKROCK MUNIHOLDINGS FUND INC
+18.6%
3.1% of portfolio
📉 Biggest Sells
Sector Breakdown
Other89.5%
ETF10.4%
Technology0.0%
Healthcare0.0%
Consumer0.0%
🚪 Exited Positionssold since Q3 2025
—
CRANE HARBOR ACQ CRP; TNT AC DT: 4/24/2027; CASH: $10.00
SOLD
$18.4M
—
GIGCAPITAL 7 ACQ CRP; TNT ACQ DT: 05/29/2026; CASH: $10.00
SOLD
$18.0M
—
TEXAS VENTURES ACQ CRP III; TNT ACQ DT: 10/23/2026; CASH: $10.05
SOLD
$15.8M
—
ABERDEEN TOTAL DYNAMIC DIVID
SOLD
$10.8M
+28 more exited positions
Changes from Q3 2025
NEW29 new positions
↑71 increased
↓87 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023