Karpus Management, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Karpus Management, Inc. reported 239 stock positions worth $3.5 billion. Its top holding was Nuveen Amt-FR QLTY Muni (XNEAX) at 7.9% of the portfolio, followed by Nuveen NY Amt-FR Muni (NRK, 6.4%) and Vanguard S&P 500 ETF (VOO, 5.6%). Compared with Q4 2023, it opened 12 new positions, sold out of 30, added to 70 and reduced 125. The biggest buy was Eaton Vance Municipal Bond (EIM, shares +39%) and the biggest sale BlackRock Muniyield QLTY III (MYI, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- Pittsford, NY
- CIK
- 0001048703
- Portfolio Value
- $3.5B (Q1 2024)
- SEC Filing
- 0001072613-24-000466 ↗ filed May 13, 2024
Holdings Value
Holdings 239 stocks · $3.5B
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 7.92% | 24,787,907 | $274.4M | Add +4.8% |
| NRK Nuveen NY Amt-FR Muni Inc. | 6.39% | 20,382,532 | $221.6M | Add +4.4% |
| VOO Vanguard S&P 500 ETF | 5.61% | 404,319 | $194.4M | Reduce -5.9% |
| XMUIX BlackRock Municipal Income | 4.65% | 13,377,640 | $161.3M | Add +7.8% |
| EIM Eaton Vance Municipal Bond | 4.28% | 14,325,881 | $148.3M | Add +38.7% |
| NAD Nuveen Quality Municipal Inc. | 4.22% | 12,775,229 | $146.4M | Add +8.6% |
| IVV iShares Core S&P 500 ETF | 2.92% | 192,559 | $101.2M | Reduce -15.7% |
| NZF Nuveen Municipal Credit Inc. | 2.53% | 7,153,345 | $87.6M | Reduce -1.0% |
| MHD BlackRock Muniholdings Fund | 2.16% | 6,202,504 | $74.9M | Add +9.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.09% | 316,295 | $72.3M | Reduce -6.8% |
| XMVFX BlackRock Munivest Fund | 2.08% | 10,208,746 | $72.1M | Add +10.3% |
| NAC Nuveen Ca QLTY Muni Inc. | 1.99% | 6,267,330 | $69.1M | Reduce -0.3% |
| XWIAX Western Asset Infl-Link Sec | 1.71% | 7,280,412 | $59.3M | Add +1.9% |
| FINS Angel Oak Financ Strat Inc. | 1.62% | 4,509,636 | $56.3M | Add +6.8% |
| VWO Vanguard Ftse Emerging Marke | 1.53% | 1,272,778 | $53.2M | Add +0.2% |
| BTT BlackRock 2030 Muni TRGT TRM | 1.53% | 2,517,362 | $53.0M | Add +0.2% |
| NBXG Neuberger Next Generation Co. | 1.42% | 4,177,887 | $49.1M | Add +9.1% |
| MUC BlackRock Munihold Ca QLTY | 1.18% | 3,720,874 | $41.0M | Reduce -1.4% |
| XGDVX Gabelli Dividend & Income TR | 1.17% | 1,771,664 | $40.7M | Add +0.1% |
| BFK BlackRock Municipal Inc. TRST | 1.12% | 3,773,186 | $39.0M | Reduce -1.6% |
| VGM Invesco Trust for Investmen | 1.10% | 3,865,590 | $38.1M | Add +20.8% |
| NFJ Virtus DVD Intrst & PRM STR | 1.02% | 2,769,910 | $35.4M | Reduce -0.0% |
| VTI VG Morningstar TS MKT ETF-US | 1.02% | 135,836 | $35.3M | Reduce -10.5% |
| BLE BlackRock Muni Inc. TR II | 0.94% | 3,015,964 | $32.8M | Reduce -2.3% |
| XBGYX BlackRock Enh Intl DVD TR | 0.92% | 5,749,509 | $31.8M | Add +0.5% |
| IQI Invesco Quality Muni Inc. TR | 0.83% | 2,983,991 | $28.9M | Add +8.8% |
| ECAT BlackRock ESG Cap All TRM TR | 0.81% | 1,620,984 | $28.1M | Reduce -0.1% |
| VPL Vanguard Ftse Pacific ETF | 0.76% | 348,353 | $26.5M | Reduce -9.2% |
| XBOEX BlackRock Enh GLBL DVD TR | 0.76% | 2,522,362 | $26.4M | Add +0.5% |
| VKQ Invesco Municipal Trust | 0.76% | 2,703,952 | $26.2M | Add +30.3% |
| ETG Eaton Vance T/A GL DVD Incm | 0.73% | 1,384,956 | $25.3M | Reduce -0.4% |
| XAODX Abrdn Total Dynamic Dividend | 0.71% | 2,988,723 | $24.8M | Reduce -0.3% |
| BSTZ BlackRock Sci & Tech TRM TR | 0.67% | 1,202,577 | $23.3M | Reduce -11.6% |
| BMEZ BlackRock HLTH Sci TRM TR II | 0.66% | 1,398,681 | $22.9M | Add +14.9% |
| XEXGX Eaton Vance Tax-Managed Glob | 0.66% | 2,784,875 | $22.7M | Add +0.6% |
| VMO Invesco Municipal Opport | 0.59% | 2,103,335 | $20.5M | Add +1.2% |
| MIN Aberdeen Intermediate Inc. FD | 0.59% | 7,640,671 | $20.3M | Add +50.6% |
| NVG Nuveen Amt-FR Muni CRDT | 0.57% | 1,629,056 | $19.8M | Add +3.5% |
| VGK Vanguard Ftse Europe ETF | 0.55% | 280,927 | $18.9M | Add +9.5% |
| QUAL iShares MSCI USA Quality Fac | 0.54% | 114,157 | $18.8M | Reduce -0.4% |
| ETO Eaton Vance T/A GLBL DVD Opp | 0.53% | 730,722 | $18.3M | Add +2.6% |
| INSIGHT SELECT INCOME FUND | 0.52% | 1,089,157 | $18.0M | Add +104.8% |
| ARES ACQUISITION CORP II | 0.48% | 1,590,250 | $16.8M | Reduce -41.4% |
| VGT Vanguard Info Tech ETF | 0.46% | 30,330 | $15.9M | Add +1.4% |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | 0.45% | 2,950,358 | $15.6M | Reduce -0.9% |
| ETW Eaton Vance T/M GLBL Buy-WR | 0.44% | 1,868,582 | $15.3M | Reduce -0.3% |
| CLM Cornerstone Strategic Invest | 0.42% | 1,944,212 | $14.6M | Add +224.1% |
| XHNWX Pioneer Diversified High | 0.42% | 1,213,240 | $14.4M | Reduce -0.7% |
| AIO Virtus Artific Intel & Tech | 0.40% | 687,887 | $13.8M | Reduce -27.9% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 0.39% | 577,986 | $13.6M | Reduce -0.1% |
| NUW Nuveen Amt-Free Muni Val | 0.39% | 1,005,602 | $13.6M | Reduce -6.5% |
| ASG Liberty All-Star Growth FD | 0.39% | 2,471,772 | $13.6M | Add +47.0% |
| QQQX Nuveen Nasdaq 100 DYN Overwr | 0.39% | 558,603 | $13.5M | Add +139.5% |
| ZTR Virtus Total Return Fund Inc. | 0.39% | 2,404,220 | $13.4M | Add +2.1% |
| MYI BlackRock Muniyield QLTY III | 0.37% | 1,121,336 | $12.9M | Reduce -57.0% |
| BTX BlackRock Tech & Priv Eqty | 0.35% | 1,495,480 | $12.2M | Add +24.2% |
| IEV iShares Europe ETF | 0.35% | 217,350 | $12.1M | Reduce -3.9% |
| ASGI Abrdn Global Infrastructure | 0.34% | 659,067 | $11.7M | Add +1.6% |
| FPF First TR Interm Dur & Inc. | 0.33% | 641,153 | $11.5M | Reduce -1.9% |
| MEGI Nylim CBRE GB Infra Mtrnd TF filed as MAINSTAY CBRE GBL INFRA MEG | 0.33% | 909,177 | $11.4M | Add +1.0% |
| KVACF Keen Vision Acquisition Corp. | 0.33% | 1,090,385 | $11.4M | Reduce -14.7% |
| AFJK Aimei Health Technology Co. | 0.32% | 1,100,657 | $11.2M | New |
| BBJP JPMorgan Betabuilders Japan | 0.32% | 191,611 | $11.2M | Reduce -11.2% |
| MYN BlackRock Muniyield NY QLTY | 0.30% | 1,002,681 | $10.5M | Reduce -2.9% |
| NAN Nuveen NY QLTY Muni Inc. | 0.30% | 957,236 | $10.5M | Add +0.7% |
| AITR AI Transportation Acquisitio | 0.30% | 995,574 | $10.2M | New |
| BTZ BlackRock Credit Allocation | 0.29% | 954,672 | $10.2M | Reduce -0.3% |
| AIEV Thunder Power Holdings Inc. filed as FEUTUNE LIGHT ACQUISITION CO | 0.29% | 917,337 | $10.0M | Reduce -2.3% |
| MMU Western Asset Managed Munici | 0.28% | 941,405 | $9.8M | Reduce -1.9% |
| IGI Western Asst Inv GR Oppor TR | 0.28% | 560,906 | $9.7M | Add +2727.4% |
| VKI Invesco Adv Muni Inc. TR II | 0.28% | 1,126,168 | $9.6M | Add +19.5% |
| BND Vanguard Total Bond Market | 0.27% | 130,453 | $9.5M | Reduce -36.5% |
| GBBK Global Blockchain Acquisitio | 0.27% | 868,975 | $9.4M | Reduce -0.1% |
| EOS Eaton Vance Enh Eqt Inc. II | 0.27% | 464,371 | $9.4M | Add +8.7% |
| XFAMX First Trust/Abrdn Global Opp | 0.27% | 1,409,992 | $9.3M | Reduce -2.9% |
| MHN BlackRock Muniholding NY QLT | 0.26% | 839,305 | $8.9M | Reduce -0.6% |
| RENEF Cartesian Growth Corp. II- A | 0.25% | 794,379 | $8.8M | Add +6.8% |
| FTII Futuretech II Acquisiti Class A | 0.25% | 776,175 | $8.6M | Reduce -4.9% |
| JOF Japan Smaller Capitalization | 0.25% | 1,068,314 | $8.5M | Add +0.3% |
| MGF Aberdeen Govrn MKTS Inc. Fund | 0.25% | 2,655,475 | $8.5M | Add +47.5% |
| RFMZ Rivernorth Flex Muni II | 0.24% | 596,859 | $8.4M | Reduce -3.8% |
| ACAC Acri Capital Acquisition Cor | 0.24% | 741,057 | $8.3M | Reduce -13.8% |
| NETD Nabors Energy Transition C-A | 0.23% | 773,950 | $8.0M | Reduce -6.6% |
| TMTC TMT Acquisition Corp. Class A | 0.22% | 718,172 | $7.7M | Reduce -9.1% |
| XCAFX Morgan Stanley China A Share | 0.22% | 628,419 | $7.6M | Add +1.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.22% | 21,813 | $7.5M | Reduce -5.2% |
| OCAX Oca Acquisition Corp. Class A | 0.22% | 690,870 | $7.5M | Reduce -2.6% |
| IIF Morgan Stanley India Invest | 0.21% | 318,486 | $7.3M | Add +0.7% |
| OAKU Oak Woods Acquisition Corp. Class A | 0.20% | 658,278 | $7.1M | Reduce -5.7% |
| FRLA Fortune Rise Acquisition Cor | 0.20% | 627,574 | $7.0M | Reduce -0.1% |
| RFAC RF Acquisition Corp. Class A | 0.20% | 634,712 | $6.9M | Reduce -0.2% |
| EVCO Everest Consolidator Acquisi | 0.20% | 611,076 | $6.8M | Reduce -1.6% |
| CNDA Concord Acquisition Corp. Class A | 0.19% | 634,125 | $6.7M | Reduce -12.7% |
| ISRLF Israel Acquisitions Corp. Class A | 0.19% | 608,135 | $6.6M | Reduce -13.1% |
| ESHA Esh Acquisition Corp. Class A | 0.18% | 617,280 | $6.4M | Reduce -27.9% |
| SHM SS SPDR N Ice St Muni ETF | 0.18% | 134,206 | $6.4M | Add +70.3% |
| HSPOF Horizon Space Acquisition I | 0.18% | 582,835 | $6.3M | Reduce -3.3% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.18% | 127,545 | $6.3M | Reduce -15.7% |
| XAGDX Abrdn GLBL DYNM Divid | 0.18% | 632,920 | $6.1M | Add +0.1% |
| BSV Vanguard Short-Term Bond ETF | 0.18% | 79,325 | $6.1M | Reduce -0.2% |
Portfolio Sells Q4 2023 → Q1 2024
| MYI BlackRock Muniyield QLTY III | Reduce -57.0% | 0.37% | −0.55 |
| IVV iShares Core S&P 500 ETF | Reduce -15.7% | 2.92% | −0.40 |
| ARES ACQUISITION CORP II | Reduce -41.4% | 0.48% | −0.38 |
| COWZ Pacer US Cash Cows 100 ETF | Sold out | 0.00% | −0.24 |
| USAR USA Rare Earth Inc. | Reduce -59.6% | 0.14% | −0.22 |
| BND Vanguard Total Bond Market | Reduce -36.5% | 0.27% | −0.19 |
| TENX KEANE ACQUISITION | Sold out | 0.00% | −0.17 |
| MARX Mars Acquisition Corp. | Sold out | 0.00% | −0.16 |
| XMYDX BlackRock Muniyield Fund | Sold out | 0.00% | −0.15 |
| LBBB Lakeshore Acquisition II Cor | Sold out | 0.00% | −0.15 |
| ACAH Atlantic Coastal Acquisiti-A | Sold out | 0.00% | −0.14 |
| NAC Nuveen Ca QLTY Muni Inc. | Reduce -0.3% | 1.99% | −0.13 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -6.8% | 2.09% | −0.12 |
| AIO Virtus Artific Intel & Tech | Reduce -27.9% | 0.40% | −0.11 |
| CHEA Chenghe Acquisition Co. Class A | Sold out | 0.00% | −0.11 |
| VOO Vanguard S&P 500 ETF | Reduce -5.9% | 5.61% | −0.10 |
| MUC BlackRock Munihold Ca QLTY | Reduce -1.4% | 1.18% | −0.10 |
| MCAF Mountain Crest Acq Corp. IV | Sold out | 0.00% | −0.09 |
| ESHA Esh Acquisition Corp. Class A | Reduce -27.9% | 0.18% | −0.08 |
| VPL Vanguard Ftse Pacific ETF | Reduce -9.2% | 0.76% | −0.08 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -10.5% | 1.02% | −0.08 |
| NZF Nuveen Municipal Credit Inc. | Reduce -1.0% | 2.53% | −0.07 |
| KVACF Keen Vision Acquisition Corp. | Reduce -14.7% | 0.33% | −0.07 |
| SKGR SK Growth Opportunities Co. Class A | Sold out | 0.00% | −0.06 |
| ARROWROOT ACQUISITION CORP | Sold out | 0.00% | −0.06 |
| ARIZ Arisz Acquisition Corp. | Sold out | 0.00% | −0.06 |
| GLACF Global Lights Acquisition Co. | Reduce -23.3% | 0.17% | −0.06 |
| BLE BlackRock Muni Inc. TR II | Reduce -2.3% | 0.94% | −0.06 |
| AURORA TECHNOLOGY ACQUISITIO | Sold out | 0.00% | −0.06 |
| NUW Nuveen Amt-Free Muni Val | Reduce -6.5% | 0.39% | −0.05 |
| BFK BlackRock Municipal Inc. TRST | Reduce -1.6% | 1.12% | −0.05 |
| ACAC Acri Capital Acquisition Cor | Reduce -13.8% | 0.24% | −0.05 |
| ENER Accretion Acquisition Corp. | Sold out | 0.00% | −0.05 |
| SVIIF Spring Valley Acquisition-A | Reduce -21.3% | 0.14% | −0.04 |
| NFJ Virtus DVD Intrst & PRM STR | Reduce -0.0% | 1.02% | −0.04 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -15.7% | 0.18% | −0.04 |
| ISRLF Israel Acquisitions Corp. Class A | Reduce -13.1% | 0.19% | −0.04 |
| ADX Adams Diversified Equity | Reduce -49.3% | 0.04% | −0.04 |
| XBNYX BlackRock New York Muni Inc. | Reduce -56.3% | 0.03% | −0.04 |
| CNDA Concord Acquisition Corp. Class A | Reduce -12.7% | 0.19% | −0.04 |
| XSCDX LMP Capital and Income Fund | Sold out | 0.00% | −0.04 |
| GAM General American Investors | Sold out | 0.00% | −0.03 |
| GODN Golden Star Acquisition Corp. | Reduce -25.9% | 0.08% | −0.03 |
| TMTC TMT Acquisition Corp. Class A | Reduce -9.1% | 0.22% | −0.03 |
| NETD Nabors Energy Transition C-A | Reduce -6.6% | 0.23% | −0.03 |
| IEF iShares 7-10 Year Treasury B | Reduce -34.6% | 0.04% | −0.03 |
| LIBY Liberty Resources Acqui Class A | Reduce -15.8% | 0.10% | −0.02 |
| DMF BNYM Municipal Income | Reduce -20.2% | 0.09% | −0.02 |
| FORL Four Leaf Acquisition Cor-A | Reduce -24.2% | 0.06% | −0.02 |
| EMCGF Embrace Change Acquisition C | Reduce -25.3% | 0.06% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| EIM Eaton Vance Municipal Bond | Add +38.7% | 4.28% | +1.09 |
| AFJK Aimei Health Technology Co. | New | 0.32% | +0.32 |
| AITR AI Transportation Acquisitio | New | 0.30% | +0.30 |
| CLM Cornerstone Strategic Invest | Add +224.1% | 0.42% | +0.29 |
| IGI Western Asst Inv GR Oppor TR | Add +2727.4% | 0.28% | +0.27 |
| XMUIX BlackRock Municipal Income | Add +7.8% | 4.65% | +0.26 |
| INSIGHT SELECT INCOME FUND | Add +104.8% | 0.52% | +0.26 |
| QQQX Nuveen Nasdaq 100 DYN Overwr | Add +139.5% | 0.39% | +0.22 |
| MIN Aberdeen Intermediate Inc. FD | Add +50.6% | 0.59% | +0.17 |
| CVII Churchill Capital Corp. Vii-A | New | 0.16% | +0.16 |
| VKQ Invesco Municipal Trust | Add +30.3% | 0.76% | +0.15 |
| NBXG Neuberger Next Generation Co. | Add +9.1% | 1.42% | +0.14 |
| VGM Invesco Trust for Investmen | Add +20.8% | 1.10% | +0.14 |
| HQL Abrdn Life Sciences Investor | New | 0.14% | +0.14 |
| NRK Nuveen NY Amt-FR Muni Inc. | Add +4.4% | 6.39% | +0.13 |
| NAD Nuveen Quality Municipal Inc. | Add +8.6% | 4.22% | +0.12 |
| ASG Liberty All-Star Growth FD | Add +47.0% | 0.39% | +0.12 |
| BMEZ BlackRock HLTH Sci TRM TR II | Add +14.9% | 0.66% | +0.12 |
| CHW Calamos Global Dynamic Incom | Add +985.9% | 0.13% | +0.12 |
| MHD BlackRock Muniholdings Fund | Add +9.9% | 2.16% | +0.12 |
| FINS Angel Oak Financ Strat Inc. | Add +6.8% | 1.62% | +0.09 |
| BTX BlackRock Tech & Priv Eqty | Add +24.2% | 0.35% | +0.08 |
| UCFI CN Healthy Food Tech Group C | New | 0.08% | +0.08 |
| XMVFX BlackRock Munivest Fund | Add +10.3% | 2.08% | +0.07 |
| MGF Aberdeen Govrn MKTS Inc. Fund | Add +47.5% | 0.25% | +0.07 |
| PAI Western Asset Investment Gra | New | 0.07% | +0.07 |
| SHM SS SPDR N Ice St Muni ETF | Add +70.3% | 0.18% | +0.07 |
| ROCL Roth CH Acquisition V Co. | New | 0.05% | +0.05 |
| CSLMF CSLM Acquisition Corp. | Add +666.0% | 0.06% | +0.05 |
| TFLO iShares Treasury Floating Ra | Add +127.8% | 0.09% | +0.05 |
| TDF Templeton Dragon Fund Inc. | Add +64.0% | 0.13% | +0.04 |
| VGK Vanguard Ftse Europe ETF | Add +9.5% | 0.55% | +0.04 |
| MITA Coliseum Acquisition Corp. Class A | Add +59.4% | 0.12% | +0.04 |
| IQI Invesco Quality Muni Inc. TR | Add +8.8% | 0.83% | +0.04 |
| EOD Allspring Global Dividend Op | New | 0.04% | +0.04 |
| TBMC Trailblazer Merger Corp. I | Add +95.6% | 0.08% | +0.04 |
| VKI Invesco Adv Muni Inc. TR II | Add +19.5% | 0.28% | +0.03 |
| JHS John Hancock Income Sec TR | Add +149.6% | 0.06% | +0.03 |
| GLLI Globalink Investment Inc. | Add +43.1% | 0.11% | +0.03 |
| DIST Distoken Acquisition Corp. | Add +40.2% | 0.11% | +0.03 |
| IGA Voya Global Advan & Prem Opp | Add +21.3% | 0.16% | +0.03 |
| SHV iShares 0-1 Year Treasury Bo | Add +70.2% | 0.07% | +0.03 |
| IDE Voya Infrastructure Indust | Add +76.1% | 0.07% | +0.03 |
| EOS Eaton Vance Enh Eqt Inc. II | Add +8.7% | 0.27% | +0.03 |
| GF The New Germany Fund Inc. | Add +404.3% | 0.03% | +0.02 |
| VGT Vanguard Info Tech ETF | Add +1.4% | 0.46% | +0.02 |
| DPG Duff & Phelps Utility & Inc. | Add +15.8% | 0.14% | +0.02 |
| STEW SRH Total Return Fund Inc. | Add +86.7% | 0.03% | +0.02 |
| ETO Eaton Vance T/A GLBL DVD Opp | Add +2.6% | 0.53% | +0.01 |
| KCGI Kensington Capital Acq-A | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 233 | $3.5B | VOO, MHD, BLV, BTT, VB |
| Q1 2026 | 231 | $3.2B | VOO, MHD, BLV, BTT, VB |
| Q4 2025Amended | 214 | $3.3B | VOO, BLV, BTT, MHD, VB |
| Q3 2025 | 204 | $3.2B | VOO, BLV, BTT, NRK, MHD |
| Q2 2025 | 199 | $3.1B | VOO, NRK, MHD, IVV, BTT |
| Q1 2025 | 202 | $3.1B | VOO, NRK, MHD, IVV, XMVFX |
| Q4 2024 | 205 | $3.4B | VOO, NRK, XMUIX, XNEAX, MHD |
| Q3 2024 | 220 | $3.6B | VOO, NRK, XMUIX, XNEAX, NAD |
| Q2 2024 | 230 | $3.6B | XNEAX, NRK, VOO, XMUIX, NAD |
| Q1 2024 | 239 | $3.5B | XNEAX, NRK, VOO, XMUIX, EIM |