Karpus Management, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Karpus Management, Inc. reported 220 stock positions worth $3.6 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 6.8% of the portfolio, followed by Nuveen NY Amt-FR Muni (NRK, 6.2%) and BlackRock Municipal Income (XMUIX, 6.1%). Compared with Q2 2024, it opened 24 new positions, sold out of 34, added to 50 and reduced 123. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +24%) and the biggest sale Nuveen Amt-FR QLTY Muni (XNEAX, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- Pittsford, NY
- CIK
- 0001048703
- Portfolio Value
- $3.6B (Q3 2024)
- SEC Filing
- 0001072613-24-000832 ↗ filed Nov 13, 2024
Holdings Value
Holdings 220 stocks · $3.6B
| VOO Vanguard S&P 500 ETF | 6.76% | 460,828 | $243.2M | Add +24.5% |
| NRK Nuveen NY Amt-FR Muni Inc. | 6.24% | 20,045,531 | $224.5M | Reduce -3.7% |
| XMUIX BlackRock Municipal Income | 6.13% | 17,529,582 | $220.5M | Add +20.9% |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | 4.93% | 14,832,403 | $177.5M | Reduce -41.3% |
| NAD Nuveen Quality Municipal Inc. | 3.00% | 8,730,821 | $108.1M | Reduce -38.5% |
| MHD BlackRock Muniholdings Fund | 2.57% | 7,306,392 | $92.4M | Reduce -1.4% |
| XMVFX BlackRock Munivest Fund | 2.52% | 11,939,487 | $90.7M | Reduce -4.2% |
| EIM Eaton Vance Municipal Bond | 2.49% | 8,330,247 | $89.6M | Reduce -44.0% |
| IVV iShares Core S&P 500 ETF | 2.41% | 150,563 | $86.8M | Reduce -3.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 2.15% | 326,241 | $77.4M | Add +11.3% |
| XWIAX Western Asset Infl-Link Sec | 1.82% | 7,649,348 | $65.4M | Add +4.0% |
| VWO Vanguard Ftse Emerging Marke | 1.61% | 1,209,273 | $57.9M | Add +4.5% |
| FINS Angel Oak Financ Strat Inc. | 1.59% | 4,335,056 | $57.3M | Reduce -2.5% |
| BTT BlackRock 2030 Muni TRGT TRM | 1.55% | 2,581,522 | $55.8M | Add +1.8% |
| NBXG Neuberger Next Generation Co. | 1.38% | 3,864,628 | $49.6M | Add +2.7% |
| QQQX Nuveen Nasdaq 100 DYN Overwr | 1.21% | 1,740,752 | $43.7M | Add +61.0% |
| XGDVX Gabelli Dividend & Income TR | 1.20% | 1,767,378 | $43.2M | Add +7.7% |
| MUC BlackRock Munihold Ca QLTY | 1.16% | 3,634,107 | $41.9M | Reduce -0.5% |
| VTI VG Morningstar TS MKT ETF-US | 1.15% | 145,703 | $41.3M | Add +18.1% |
| NAC Nuveen Ca QLTY Muni Inc. | 1.07% | 3,249,820 | $38.6M | Reduce -38.9% |
| BFK BlackRock Municipal Inc. TRST | 1.02% | 3,487,171 | $36.9M | Reduce -6.7% |
| LEGT Legato Merger Corp. III | 0.97% | 3,442,491 | $35.1M | Add +274.9% |
| BLE BlackRock Muni Inc. TR II | 0.93% | 2,985,554 | $33.6M | Reduce -0.1% |
| XBGYX BlackRock Enh Intl DVD TR | 0.90% | 5,576,068 | $32.3M | Reduce -6.5% |
| ARES ACQUISITION CORP II | 0.89% | 2,970,317 | $32.2M | Reduce -2.1% |
| NETD Nabors Energy Transition C-A | 0.89% | 3,000,315 | $32.0M | Add +5.2% |
| GPAT GP-Act III Acquisition-A | 0.84% | 2,994,189 | $30.2M | New |
| VGM Invesco Trust for Investmen | 0.83% | 2,827,728 | $29.9M | Reduce -26.7% |
| NFJ Virtus DVD Intrst & PRM STR | 0.81% | 2,234,568 | $29.1M | Reduce -3.4% |
| XBOEX BlackRock Enh GLBL DVD TR | 0.77% | 2,474,953 | $27.9M | Reduce -7.1% |
| IBAC Ib Acquisition Corp. | 0.73% | 2,641,482 | $26.4M | Add +299.5% |
| ETG Eaton Vance T/A GL DVD Incm | 0.71% | 1,313,080 | $25.5M | Reduce -2.4% |
| RFAI RF Acquisition Corp. II | 0.71% | 2,510,291 | $25.5M | New |
| ECAT BlackRock ESG Cap All TRM TR | 0.69% | 1,409,407 | $25.0M | Reduce -14.8% |
| VPL Vanguard Ftse Pacific ETF | 0.69% | 318,226 | $24.9M | Add +2.9% |
| MIN Aberdeen Intermediate Inc. FD | 0.67% | 8,830,123 | $24.0M | Reduce -5.0% |
| BSTZ BlackRock Sci & Tech TRM TR | 0.67% | 1,248,143 | $24.0M | Reduce -4.9% |
| XEXGX Eaton Vance Tax-Managed Glob | 0.66% | 2,711,109 | $23.6M | Reduce -1.7% |
| KTF DWS Municipal Income Trust | 0.64% | 2,325,849 | $23.2M | Add +44.2% |
| BMEZ BlackRock HLTH Sci TRM TR II | 0.64% | 1,460,675 | $23.1M | Reduce -4.7% |
| XAODX Abrdn Total Dynamic Dividend | 0.62% | 2,467,926 | $22.5M | Reduce -8.0% |
| VKQ Invesco Municipal Trust | 0.62% | 2,177,909 | $22.3M | Reduce -19.5% |
| QUAL iShares MSCI USA Quality Fac | 0.56% | 112,409 | $20.2M | Reduce -6.7% |
| VGK Vanguard Ftse Europe ETF | 0.55% | 277,284 | $19.7M | Add +22.1% |
| IQI Invesco Quality Muni Inc. TR | 0.54% | 1,859,690 | $19.4M | Reduce -39.1% |
| ASG Liberty All-Star Growth FD | 0.53% | 3,374,870 | $18.9M | Add +20.3% |
| IEF iShares 7-10 Year Treasury B | 0.52% | 192,400 | $18.9M | Add +1256.4% |
| ETO Eaton Vance T/A GLBL DVD Opp | 0.52% | 706,855 | $18.8M | Reduce -2.3% |
| AAM Aa Mission Acquisition Cor-A | 0.51% | 1,833,025 | $18.4M | New |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.50% | 47,056 | $18.1M | Add +144.4% |
| INSIGHT SELECT INCOME FUND | 0.50% | 1,021,745 | $18.0M | Reduce -2.8% |
| VGT Vanguard Info Tech ETF | 0.48% | 29,329 | $17.2M | Reduce -1.6% |
| SHM SS SPDR N Ice St Muni ETF | 0.46% | 346,918 | $16.7M | Add +127.5% |
| ETW Eaton Vance T/M GLBL Buy-WR | 0.46% | 1,894,216 | $16.4M | Add +3.9% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 0.45% | 651,267 | $16.1M | Add +13.4% |
| ALF Centurion Acquisition Corp. | 0.45% | 1,601,985 | $16.1M | New |
| CLM Cornerstone Strategic Invest | 0.41% | 1,935,104 | $14.9M | Reduce -1.3% |
| KVACF Keen Vision Acquisition Corp. | 0.41% | 1,372,585 | $14.8M | Add +25.9% |
| NZF Nuveen Municipal Credit Inc. | 0.40% | 1,092,796 | $14.3M | Reduce -84.5% |
| MACI Melar Acquisition Corp. I-A | 0.40% | 1,429,611 | $14.3M | New |
| CUB Lionheart Holdings Class A | 0.39% | 1,404,550 | $14.0M | New |
| BTX BlackRock Tech & Priv Eqty | 0.38% | 1,830,675 | $13.8M | Reduce -18.6% |
| XHNWX Pioneer Diversified High | 0.38% | 1,121,165 | $13.8M | Reduce -6.1% |
| ANSC Agriculture & Natural Soluti | 0.37% | 1,298,050 | $13.4M | New |
| SIMA Sim Acquisition Corp. I-A | 0.37% | 1,341,950 | $13.4M | New |
| HAYMAKER ACQUISITION CORP 4 | 0.37% | 1,243,450 | $13.3M | Add +53.7% |
| XIGDX Voya GLBL Eqty DVD & PRM Opp | 0.37% | 2,339,525 | $13.2M | Reduce -13.6% |
| NUW Nuveen Amt-Free Muni Val | 0.34% | 872,250 | $12.4M | Reduce -10.7% |
| SPKLF Spark I Acquisition Corp. | 0.34% | 1,155,600 | $12.1M | Reduce -0.6% |
| MEGI Nylim CBRE GB Infra Mtrnd TF filed as NYLI CBRE GBL INFR MEGTRNDS | 0.34% | 811,014 | $12.1M | Reduce -6.8% |
| IEUR iShares Core MSCI Europe ETF | 0.33% | 196,328 | $12.0M | Add +637.9% |
| VMO Invesco Municipal Opport | 0.33% | 1,149,626 | $11.8M | Reduce -32.6% |
| AFJK Aimei Health Technology Co. | 0.32% | 1,103,302 | $11.6M | Reduce -0.0% |
| BBJP JPMorgan Betabuilders Japan | 0.32% | 193,005 | $11.4M | Add +5.0% |
| MYN BlackRock Muniyield NY QLTY | 0.31% | 1,049,176 | $11.3M | Add +7.4% |
| DPG Duff & Phelps Utility & Inc. | 0.31% | 960,830 | $11.3M | Add +49.3% |
| RENEF Cartesian Growth Corp. II- A | 0.31% | 961,184 | $11.0M | Reduce -0.5% |
| BKHA Black Hawk Acquisition Cor-A | 0.31% | 1,075,379 | $11.0M | Add +7.8% |
| MHN BlackRock Muniholding NY QLT | 0.30% | 972,720 | $10.9M | Add +16.9% |
| GLACF Global Lights Acquisition Co. | 0.30% | 1,026,210 | $10.7M | Reduce -1.8% |
| BND Vanguard Total Bond Market | 0.29% | 140,060 | $10.5M | Add +83.9% |
| IGI Western Asst Inv GR Oppor TR | 0.29% | 582,641 | $10.5M | Reduce -4.1% |
| AITR AI Transportation Acquisitio | 0.29% | 988,074 | $10.4M | Reduce -0.6% |
| EOS Eaton Vance Enh Eqt Inc. II | 0.28% | 467,134 | $10.1M | Reduce -2.6% |
| ZTR Virtus Total Return Fund Inc. | 0.27% | 1,590,885 | $9.9M | Reduce -1.8% |
| IIF Morgan Stanley India Invest | 0.26% | 312,790 | $9.4M | Reduce -0.9% |
| IEV iShares Europe ETF | 0.26% | 160,850 | $9.4M | Reduce -1.6% |
| BTZ BlackRock Credit Allocation | 0.25% | 809,960 | $9.1M | Reduce -11.0% |
| XCAFX Morgan Stanley China A Share | 0.25% | 671,089 | $9.1M | Add +0.3% |
| CHEB Chenghe Acquisition II Co. | 0.25% | 896,342 | $9.0M | New |
| MMU Western Asset Managed Munici | 0.25% | 824,978 | $8.9M | Reduce -10.5% |
| LPAA Launch One Acquisition Corp. | 0.25% | 884,300 | $8.8M | New |
| JOF Japan Smaller Capitalization | 0.24% | 1,059,528 | $8.8M | Reduce -2.7% |
| TDF Templeton Dragon Fund Inc. | 0.24% | 931,926 | $8.5M | Add +7.5% |
| ISRLF Israel Acquisitions Corp. Class A | 0.23% | 748,043 | $8.4M | Reduce -2.3% |
| USAR USA Rare Earth Inc. filed as INFLECTION PT ACQUISITN CRP | 0.23% | 776,098 | $8.3M | Reduce -0.2% |
| HDRN Hadron Energy Inc. filed as GIGCAPITAL7 CORP | 0.23% | 819,950 | $8.1M | New |
| FSHP Flag Ship Acquisition Corp. | 0.23% | 810,950 | $8.1M | New |
| NVG Nuveen Amt-FR Muni CRDT | 0.22% | 591,216 | $7.9M | Reduce -62.5% |
| TMTC TMT Acquisition Corp. Class A | 0.22% | 703,677 | $7.9M | Reduce -0.3% |
Portfolio Sells Q2 2024 → Q3 2024
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Reduce -41.3% | 4.93% | −3.22 |
| NZF Nuveen Municipal Credit Inc. | Reduce -84.5% | 0.40% | −2.05 |
| EIM Eaton Vance Municipal Bond | Reduce -44.0% | 2.49% | −1.94 |
| NAD Nuveen Quality Municipal Inc. | Reduce -38.5% | 3.00% | −1.69 |
| NAC Nuveen Ca QLTY Muni Inc. | Reduce -38.9% | 1.07% | −0.65 |
| NVG Nuveen Amt-FR Muni CRDT | Reduce -62.5% | 0.22% | −0.33 |
| IQI Invesco Quality Muni Inc. TR | Reduce -39.1% | 0.54% | −0.31 |
| VGM Invesco Trust for Investmen | Reduce -26.7% | 0.83% | −0.29 |
| FPF First TR Interm Dur & Inc. | Sold out | 0.00% | −0.28 |
| NRK Nuveen NY Amt-FR Muni Inc. | Reduce -3.7% | 6.24% | −0.26 |
| XFAMX First Trust/Abrdn Global Opp | Sold out | 0.00% | −0.24 |
| RFAC RF Acquisition Corp. Class A | Sold out | 0.00% | −0.20 |
| VKI Invesco Adv Muni Inc. TR II | Reduce -58.4% | 0.13% | −0.17 |
| BUJA Bukit Jalil Global Acquisiti | Sold out | 0.00% | −0.16 |
| VMO Invesco Municipal Opport | Reduce -32.6% | 0.33% | −0.16 |
| MYI BlackRock Muniyield QLTY III | Reduce -47.6% | 0.19% | −0.15 |
| CVII Churchill Capital Corp. Vii-A | Sold out | 0.00% | −0.15 |
| VKQ Invesco Municipal Trust | Reduce -19.5% | 0.62% | −0.14 |
| FEXD Fintech Ecosystem Developm-A | Sold out | 0.00% | −0.13 |
| SBXC Silverbox Corp. III-A | Sold out | 0.00% | −0.13 |
| BNIX Bannix Acquisition Corp. | Sold out | 0.00% | −0.13 |
| ECAT BlackRock ESG Cap All TRM TR | Reduce -14.8% | 0.69% | −0.12 |
| RRACF Rigel Resource Acquisit Class A | Sold out | 0.00% | −0.12 |
| NAN Nuveen NY QLTY Muni Inc. | Reduce -56.6% | 0.09% | −0.11 |
| ALSAF Alpha Star Acquisition Corp. | Sold out | 0.00% | −0.11 |
| AIBAF Aib Acquisition Corp. Class A | Sold out | 0.00% | −0.09 |
| ASGI Abrdn Global Infrastructure | Reduce -33.2% | 0.20% | −0.08 |
| AFAR Aura Fat Projects Acqui Class A | Sold out | 0.00% | −0.07 |
| BTX BlackRock Tech & Priv Eqty | Reduce -18.6% | 0.38% | −0.07 |
| EOT Eaton Vance National Municip | Sold out | 0.00% | −0.07 |
| NNAG 99 Acquisition Group in Class A | Sold out | 0.00% | −0.07 |
| PIM Franklin Master Interm IT-Ui | Sold out | 0.00% | −0.07 |
| BSTZ BlackRock Sci & Tech TRM TR | Reduce -4.9% | 0.67% | −0.07 |
| BKT BlackRock Income Trust | Reduce -59.0% | 0.05% | −0.07 |
| RFMZ Rivernorth Flex Muni II | Reduce -28.1% | 0.17% | −0.06 |
| VSAC Vision Sensing Acquisition-A | Sold out | 0.00% | −0.06 |
| EMCGF Embrace Change Acquisition C | Sold out | 0.00% | −0.06 |
| BFK BlackRock Municipal Inc. TRST | Reduce -6.7% | 1.02% | −0.05 |
| ADX Adams Diversified Equity | Sold out | 0.00% | −0.05 |
| DENALI CAPITAL ACQUISITN COR | Sold out | 0.00% | −0.04 |
| MONTEREY CAP ACQUISITION COR | Sold out | 0.00% | −0.04 |
| FTII Futuretech II Acquisiti Class A | Sold out | 0.00% | −0.04 |
| XBGYX BlackRock Enh Intl DVD TR | Reduce -6.5% | 0.90% | −0.04 |
| NUW Nuveen Amt-Free Muni Val | Reduce -10.7% | 0.34% | −0.04 |
| FRLA Fortune Rise Acquisition Cor | Reduce -17.5% | 0.16% | −0.04 |
| CETU Cetus Capital Acquisition Co. | Sold out | 0.00% | −0.03 |
| TRTLF Tortoiseecofin Acquisition-A | Sold out | 0.00% | −0.03 |
| MIN Aberdeen Intermediate Inc. FD | Reduce -5.0% | 0.67% | −0.03 |
| TRIS Tristar Acquisition I Corp. Class A | Sold out | 0.00% | −0.03 |
| BELLEVUE LIFE SCNCS AQSTN CO | Sold out | 0.00% | −0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| VOO Vanguard S&P 500 ETF | Add +24.5% | 6.76% | +1.54 |
| XMUIX BlackRock Municipal Income | Add +20.9% | 6.13% | +1.09 |
| GPAT GP-Act III Acquisition-A | New | 0.84% | +0.84 |
| LEGT Legato Merger Corp. III | Add +274.9% | 0.97% | +0.71 |
| RFAI RF Acquisition Corp. II | New | 0.71% | +0.71 |
| IBAC Ib Acquisition Corp. | Add +299.5% | 0.73% | +0.55 |
| AAM Aa Mission Acquisition Cor-A | New | 0.51% | +0.51 |
| IEF iShares 7-10 Year Treasury B | Add +1256.4% | 0.52% | +0.49 |
| QQQX Nuveen Nasdaq 100 DYN Overwr | Add +61.0% | 1.21% | +0.45 |
| ALF Centurion Acquisition Corp. | New | 0.45% | +0.45 |
| MACI Melar Acquisition Corp. I-A | New | 0.40% | +0.40 |
| CUB Lionheart Holdings Class A | New | 0.39% | +0.39 |
| ANSC Agriculture & Natural Soluti | New | 0.37% | +0.37 |
| SIMA Sim Acquisition Corp. I-A | New | 0.37% | +0.37 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +11.3% | 2.15% | +0.35 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +144.4% | 0.50% | +0.30 |
| IEUR iShares Core MSCI Europe ETF | Add +637.9% | 0.33% | +0.29 |
| SHM SS SPDR N Ice St Muni ETF | Add +127.5% | 0.46% | +0.26 |
| CHEB Chenghe Acquisition II Co. | New | 0.25% | +0.25 |
| LPAA Launch One Acquisition Corp. | New | 0.25% | +0.25 |
| HDRN Hadron Energy Inc. | New | 0.23% | +0.23 |
| FSHP Flag Ship Acquisition Corp. | New | 0.23% | +0.23 |
| VTI VG Morningstar TS MKT ETF-US | Add +18.1% | 1.15% | +0.22 |
| KTF DWS Municipal Income Trust | Add +44.2% | 0.64% | +0.21 |
| EURK Eureka Acquisition Corp. | New | 0.21% | +0.21 |
| VWO Vanguard Ftse Emerging Marke | Add +4.5% | 1.61% | +0.18 |
| VLOS Velos Acquisition I Corp. | New | 0.17% | +0.17 |
| FTW Eqv Ventures Acquisition C-A | New | 0.17% | +0.17 |
| XWIAX Western Asset Infl-Link Sec | Add +4.0% | 1.82% | +0.16 |
| XGDVX Gabelli Dividend & Income TR | Add +7.7% | 1.20% | +0.15 |
| BND Vanguard Total Bond Market | Add +83.9% | 0.29% | +0.14 |
| DPG Duff & Phelps Utility & Inc. | Add +49.3% | 0.31% | +0.14 |
| HAYMAKER ACQUISITION CORP 4 | Add +53.7% | 0.37% | +0.13 |
| BST BlackRock Science & Tech TR | New | 0.12% | +0.12 |
| VGK Vanguard Ftse Europe ETF | Add +22.1% | 0.55% | +0.12 |
| DYCQ DT Cloud Acquisition Corp. | Add +272.3% | 0.14% | +0.11 |
| ASG Liberty All-Star Growth FD | Add +20.3% | 0.53% | +0.10 |
| DMF BNYM Municipal Income | Add +104.4% | 0.20% | +0.10 |
| BDJ BlackRock Enhanced Eqty DVD | Add +121.3% | 0.16% | +0.09 |
| EWC iShares MSCI Canada ETF | New | 0.09% | +0.09 |
| DTSQ DT Cloud Star Acquisition Co. | New | 0.09% | +0.09 |
| KVACF Keen Vision Acquisition Corp. | Add +25.9% | 0.41% | +0.09 |
| HTD John Hancock Tax Adv DVD Inc. | Add +100.3% | 0.15% | +0.08 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Add +13.4% | 0.45% | +0.07 |
| BTT BlackRock 2030 Muni TRGT TRM | Add +1.8% | 1.55% | +0.07 |
| VACH Voyager Acquisition Corp. | New | 0.06% | +0.06 |
| TONT Graf Global Corp. Class A | New | 0.05% | +0.05 |
| CHW Calamos Global Dynamic Incom | Add +30.7% | 0.19% | +0.05 |
| MHN BlackRock Muniholding NY QLT | Add +16.9% | 0.30% | +0.05 |
| VPL Vanguard Ftse Pacific ETF | Add +2.9% | 0.69% | +0.05 |
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 |