Karpus Management, Inc.
CIK: 0001048703SEC EDGAR →
Portfolio Value
$489.0M
Holdings
100
As of
Q4 2025
New Positions
90
Closed Positions
182
Portfolio Value History
Top 10 Holdings
| Rank | Stock | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | EAGLE POINT CREDIT 7.75 percent DUE 06/30/2030 | 2,573,963 | $64.6M | 13.21% |
| 2 | OFS CAPITAL CORP 7.5 percent DUE 7/31/2058 | 1,259,030 | $32.3M | 6.61% |
| 3 | SOUND POINT MERIDIAN CAPITAL 7.875 percent DUE 7/31/2030 | 1,232,329 | $31.1M | 6.36% |
| 4 | SARATOGA INVESTMENT CORP 6.00 percent DUE 04/30/2027 | 1,014,297 | $25.1M | 5.14% |
| 5 | OXFORD SQUARE CAPITAL CORP 7.75 percent DUE 7/31/2030 | 867,122 | $22.1M | 4.52% |
| 6 | OXFORD LANE CAPITAL CORP. 7.95 percent 2/29/2032 | 853,683 | $21.6M | 4.41% |
| 7 | OXFORD LANE CAPITAL CORP, 5 percent, DUE 1/31/2027 | 669,336 | $16.3M | 3.34% |
| 8 | NEWTEK BUSINESS SERVICES 5.5 percent DUE 2/1/2026 | 595,191 | $15.0M | 3.07% |
| 9 | GREAT ELM CAPITAL CORP 5 7/8 percent DUE 6/30/2026 | 592,725 | $14.8M | 3.03% |
| 10 | TERRA INCOME 6 7 percent DUE 3/31/2026 | 594,051 | $14.8M | 3.02% |
Quarterly Changes
Top Buys
$64.6M
$32.3M
$31.1M
$25.1M
$22.1M
New Positions (95)
$64.6M · 2.6M shares
$32.3M · 1.3M shares
$31.1M · 1.2M shares
$25.1M · 1.0M shares
$22.1M · 867K shares
$21.6M · 854K shares
$16.3M · 669K shares
$15.0M · 595K shares
$14.8M · 593K shares
$14.8M · 594K shares
$14.7M · 603K shares
$13.5M · 538K shares
$12.3M · 480K shares
$12.1M · 516K shares
$12.0M · 481K shares
$11.4M · 480K shares
$11.2M · 452K shares
$10.6M · 444K shares
$10.1M · 403K shares
$9.1M · 362K shares
$8.1M · 322K shares
$8.0M · 316K shares
$8.0M · 318K shares
$6.8M · 269K shares
$6.7M · 264K shares
OPPORTUNISTIC VALUE FUND, D SUB-SERIES
$6.5M · 577K shares
$6.1M · 243K shares
$6.1M · 242K shares
$4.7M · 192K shares
$4.3M · 174K shares
$4.1M · 171K shares
$4.0M · 161K shares
$3.9M · 151K shares
$3.7M · 146K shares
$3.4M · 169K shares
$2.9M · 116K shares
$2.5M · 100K shares
$2.1M · 83K shares
INTEGRATED WELLNESS ACQ CRP UNIT; TNT ACQ DT: 09/13/2023; CASH: $10.20
$2.1M · 164K shares
$2.0M · 79K shares
$1.9M · 77K shares
$1.8M · 74K shares
$1.5M · 61K shares
$1.5M · 59K shares
$1.4M · 58K shares
$1.2M · 48K shares
$924K · 38K shares
$743K · 29K shares
$529K · 22K shares
VALUENCE ACQ CRP; TNT ACQ DT: 6/1/2023; CASH: $10.30
$294K · 24K shares
$227K · 9K shares
$182K · 7K shares
$180K · 8K shares
$147K · 1K shares
$143K · 1K shares
$113K · 9K shares
$110K · 1K shares
$80K · 1K shares
$63K · 77 shares
VANECK VECTORS ETF TR AMT FREE SHORT M
$60K · 4K shares
$51K · 2K shares
$50K · 2K shares
$43K · 3K shares
$43K · 4K shares
$36K · 261 shares
$30K · 1K shares
$28K · 2K shares
$27K · 234 shares
$26K · 523 shares
$26K · 46 shares
$26K · 175 shares
$24K · 233 shares
$23K · 197 shares
$20K · 1K shares
$20K · 130 shares
$19K · 239 shares
$19K · 151 shares
$18K · 130 shares
$17K · 2K shares
$16K · 5K shares
$15K · 496 shares
$14K · 31 shares
$13K · 155 shares
INDUSTRIAL SELECT SECT SPDR
$12K · 80 shares
$9K · 117 shares
$4K · 210 shares
$2K · 264 shares
$1K · 130 shares
$0 · 1 shares
$0 · 1 shares
$0 · 4K shares
$0 · 11 shares
$0 · 40 shares
$0 · 800 shares
$0 · 10 shares
Closed Positions (199)
$271.6M · 444K shares
$115.2M · 1.6M shares
$99.0M · 4.4M shares
$88.7M · 8.7M shares
$84.1M · 7.2M shares
$83.9M · 330K shares
$83.6M · 125K shares
$69.7M · 5.3M shares
$67.2M · 1.2M shares
$66.1M · 7.8M shares
$61.2M · 5.8M shares
$57.2M · 8.3M shares
$55.6M · 5.6M shares
$53.0M · 742K shares
$51.6M · 4.8M shares
$49.2M · 3.2M shares
$47.4M · 1.7M shares
$47.3M · 1.7M shares
$46.3M · 4.4M shares
$45.1M · 4.5M shares
$43.9M · 134K shares
$43.2M · 897K shares
$42.8M · 444K shares
$40.1M · 533K shares
$37.3M · 502K shares
$36.7M · 3.6M shares
$36.2M · 3.4M shares
$34.4M · 72K shares
$33.3M · 380K shares
$33.0M · 485K shares
$31.3M · 86K shares
$30.6M · 300K shares
$30.3M · 3.3M shares
$27.2M · 2.6M shares
$26.2M · 2.5M shares
$25.8M · 2.4M shares
$25.3M · 2.5M shares
$24.5M · 2.3M shares
$23.1M · 2.3M shares
$22.8M · 2.2M shares
$21.8M · 273K shares
$21.5M · 398K shares
$19.3M · 1.9M shares
$19.0M · 26K shares
$18.6M · 1.8M shares
$18.6M · 3.4M shares
$18.0M · 1.7M shares
$17.9M · 3.1M shares
$17.2M · 625K shares
$17.2M · 1.5M shares
$15.8M · 1.5M shares
$15.2M · 230K shares
$15.1M · 1.7M shares
$15.0M · 613K shares
$14.9M · 1.4M shares
$14.9M · 361K shares
$14.6M · 1.3M shares
$14.2M · 1.2M shares
$14.0M · 1.5M shares
$13.9M · 1.3M shares
$13.7M · 1.4M shares
$13.6M · 270K shares
$13.3M · 336K shares
$13.0M · 613K shares
$12.6M · 1.7M shares
$12.5M · 1.2M shares
$12.4M · 4.6M shares
$12.0M · 1.1M shares
$12.0M · 193K shares
$12.0M · 1.4M shares
$11.7M · 1.1M shares
$11.7M · 1.1M shares
$11.6M · 1.0M shares
$11.3M · 872K shares
ABERDEEN TOTAL DYNAMIC DIVID
$10.8M · 1.1M shares
$10.5M · 1.0M shares
$10.1M · 606K shares
$10.1M · 866K shares
$9.9M · 768K shares
$9.3M · 631K shares
$9.1M · 887K shares
YHN ACQ CRP; TNT ACQ DT: 12/18/2025; CASH: $10.05
$8.3M · 793K shares
$7.8M · 750K shares
$7.8M · 739K shares
$7.7M · 118K shares
$7.5M · 737K shares
$7.3M · 1.1M shares
$7.3M · 91K shares
$7.0M · 671K shares
$7.0M · 678K shares
$7.0M · 662K shares
$6.9M · 684K shares
$6.9M · 670K shares
$6.7M · 217K shares
$6.6M · 97K shares
$6.4M · 617K shares
$6.2M · 620K shares
$6.0M · 55K shares
$5.9M · 581K shares
$5.7M · 548K shares
$5.6M · 1.8M shares
$5.2M · 521K shares
$5.2M · 286K shares
NEWBURY STREET ACQ CRP II; TNT ACQ DT: 10/31/2026; CASH: $10.05
$5.2M · 498K shares
$5.1M · 860K shares
$5.0M · 481K shares
$4.8M · 217K shares
$4.8M · 495K shares
$4.7M · 60K shares
TEKLA LIFE SCIENCES INVESTORS
$4.7M · 300K shares
$4.6M · 176K shares
$4.5M · 437K shares
$4.5M · 784K shares
$4.4M · 81K shares
$4.3M · 409K shares
ORIGIN ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.10
$4.3M · 429K shares
$4.2M · 349K shares
$4.2M · 361K shares
$4.0M · 400K shares
ALPHATIME ACQ CORP. TNT ACQ DT: 09/30/2023; CASH: $10.18
$4.0M · 332K shares
$3.7M · 370K shares
$3.6M · 347K shares
$3.6M · 272K shares
$3.5M · 351K shares
EUREKA ACQ CRP; TNT ACQ DT: 1/12/2026; CASH $10.00
$3.5M · 327K shares
$3.3M · 335K shares
$3.3M · 291K shares
$3.2M · 148K shares
$3.2M · 313K shares
$3.1M · 309K shares
$3.1M · 309K shares
ALPHAVEST ACQ CRP; TNT ACQ DT: 12/20/2023; CASH: $10.20
$3.1M · 261K shares
ARMADA CQ CRP UNIT II; TNT ACQ DT: 5/16/2027; CASH: $10.00
$3.1M · 300K shares
$3.1M · 297K shares
$3.0M · 304K shares
$3.0M · 286K shares
$2.9M · 153K shares
RANGE CAPITAL ACQ CRP; TNT ACQ DT: 6/20/2026; CASH: $10.05
$2.9M · 285K shares
$2.7M · 271K shares
$2.7M · 256K shares
$2.6M · 256K shares
$2.6M · 244K shares
$2.5M · 202K shares
$2.5M · 68K shares
NABORS ENERGY ACQ CRP II; TNT ACQ DT: 7/14/2024; CASH: $10.15
$2.5M · 220K shares
$2.3M · 225K shares
$2.2M · 209K shares
$2.2M · 210K shares
$2.1M · 150K shares
GRAF INDUSTRIAL ACQ CORP; TNT ACQ DT: 9/7/2020; CASH $10.00
$2.1M · 199K shares
$2.1M · 201K shares
$1.9M · 165K shares
$1.9M · 38K shares
$1.8M · 180K shares
$1.8M · 154K shares
$1.7M · 153K shares
$1.7M · 3K shares
$1.6M · 160K shares
$1.5M · 154K shares
$1.5M · 150K shares
$1.5M · 149K shares
$1.5M · 146K shares
BLACKROCK MINVESTMENT QALITY MUNICIPAL TRUST
$1.4M · 124K shares
$1.3M · 123K shares
$1.2M · 120K shares
$1.2M · 115K shares
$1.1M · 108K shares
$1.1M · 99K shares
ABERDEEN EMERGING MARKETS EQUITY INCOME FUND INC
$1.0M · 162K shares
$1.0M · 105K shares
$998K · 43K shares
$998K · 4K shares
$978K · 98K shares
$907K · 88K shares
$907K · 85K shares
$881K · 2K shares
$842K · 73K shares
$753K · 76K shares
ABRDN AUSTRALIA EQUITY FUND
$746K · 162K shares
$683K · 66K shares
$671K · 56K shares
$650K · 65K shares
$625K · 56K shares
$592K · 61K shares
$577K · 6K shares
$567K · 1K shares
$519K · 680 shares
$448K · 7K shares
$386K · 6K shares
$277K · 3K shares
$268K · 2K shares
$254K · 2K shares
$243K · 1K shares
$222K · 22K shares
$197K · 21K shares
$132K · 12K shares
$125K · 13K shares
$114K · 11K shares
$112K · 11K shares
Sector Breakdown
| Sector | # Holdings | Value | % |
|---|---|---|---|
| Unknown | 62 | $481.2M | 98.4% |
| Technology | 9 | $4.7M | 1.0% |
| Financial Services | 19 | $2.6M | 0.5% |
| Consumer Defensive | 2 | $290K | 0.1% |
| Healthcare | 2 | $63K | 0.0% |
| Energy | 2 | $41K | 0.0% |
| Industrials | 2 | $28K | 0.0% |
| Communication Services | 1 | $0 | 0.0% |
| Real Estate | 1 | $0 | 0.0% |