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Karpus Management, Inc.

Q3 2025 · Filed 2025-11-14
Market Value
$2.7B
+2.3%
Holdings
168
+2
New Purchases
21
Added To
40
Closed
23
Reduced
74
Top 10 Concentration
38.5%
Turnover
26.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BLV 4.31% 2.48% +1.83% $115M
BTT 3.71% 3.01% +0.70% $99M
MHN 1.37% 0.77% +0.60% $37M
IEF 1.60% 1.15% +0.45% $43M
PCQ 0.45% 0.00% +0.45% $12M
BND 1.40% 0.99% +0.40% $37M
VEU 1.98% 1.65% +0.34% $53M
VTES 1.15% 0.90% +0.25% $31M
VOO 10.17% 9.94% +0.23% $272M
EDEN 0.22% 0.00% +0.22% $6M
MYN 0.95% 0.73% +0.22% $25M
XRPN 0.21% 0.00% +0.21% $6M
COPL 0.51% 0.30% +0.21% $14M
VWO 2.51% 2.32% +0.20% $67M
TVAIR 0.20% 0.00% +0.20% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NRK 3.32% 5.50% -2.17% $89M
VGM 0.00% 0.66% -0.66% $0
EIM 2.08% 2.70% -0.62% $56M
VKQ 0.18% 0.77% -0.59% $5M
HNW 0.00% 0.44% -0.44% $0
RENE 0.00% 0.41% -0.41% $0
BIGZ 0.00% 0.40% -0.40% $0
VMO 0.02% 0.28% -0.26% $592K
UCFI 0.00% 0.25% -0.25% $112K
MIO 0.00% 0.22% -0.22% $0
IGD 0.18% 0.40% -0.22% $5M
NEA 0.00% 0.21% -0.21% $0
NBXG 1.84% 2.03% -0.18% $49M
KIO 0.10% 0.27% -0.18% $3M
BSTZ 0.18% 0.35% -0.17% $5M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 11 $476M 17.8%
Large Cap 21 $405M 15.2%
Mid Cap 15 $309M 11.6%
Small Cap 62 $1.1B 41.9%
Micro Cap 59 $363M 13.6%

Portfolio Analytics

Avg Market Cap
$69.6B
Median Market Cap
$489M
Avg P/E
32.8
Median P/E
25.9
Avg Dividend Yield
0.05%
Avg Beta
0.64
# Stocks
59
# ETFs / Funds
109

Top Holdings (168 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VOO 10.17% 443,512 $272M $612.38 $12M -13,490 -3.0%
2 BLV 4.31% 1,625,433 $115M $70.85 $50M +694,179 +74.5%
3 BTT 3.71% 4,407,881 $99M $22.46 $20M +820,002 +22.9%
4 NRK 3.32% 8,699,281 $89M $10.20 -$55M -5,788,715 -40.0%
5 MHD 3.15% 7,157,298 $84M $11.75 $4M -26,757 -0.4%
6 VB 3.14% 329,883 $84M $254.28 $7M +4,905 +1.5%
7 IVV 3.13% 124,938 $84M $669.30 $4M -3,022 -2.4%
8 FINS 2.61% 5,313,982 $70M $13.11 -$2M -217,353 -3.9%
9 VWO 2.51% 1,239,543 $67M $54.18 $7M +16,371 +1.3%
10 WIA 2.47% 7,846,936 $66M $8.42 -$2M -230,342 -2.9%
11 YCY 2.29% 5,815,100 $61M $10.52 -$1M -187,384 -3.1%
12 MVF 2.14% 8,343,979 $57M $6.86 -$2M -730,257 -8.1%
13 EIM 2.08% 5,595,362 $56M $9.94 -$15M -1,699,593 -23.3%
14 VEU 1.98% 742,033 $53M $71.37 $10M +102,639 +16.1%
15 MUC 1.93% 4,758,154 $52M $10.85 $3M +98,928 +2.1%
16 NBXG 1.84% 3,200,555 $49M $15.38 -$4M -426,446 -11.8%
17 GDV 1.77% 1,746,094 $47M $27.13 $865K -41,914 -2.3%
18 QQQX 1.77% 1,722,190 $47M $27.46 -$441K -81,065 -4.5%
19 BLE 1.73% 4,426,402 $46M $10.45 $3M +138,604 +3.2%
20 BFK 1.69% 4,489,500 $45M $10.05 $2M -15,036 -0.3%
21 VTI 1.64% 133,852 $44M $328.17 $2M -4,145 -3.0%
22 SHM 1.62% 896,907 $43M $48.22 -$683K -21,593 -2.4%
23 IEF 1.60% 443,638 $43M $96.46 $13M +129,669 +41.3%
24 BND 1.40% 501,916 $37M $74.37 $11M +149,305 +42.3%
25 MHN 1.37% 3,592,742 $37M $10.22 $17M +1,542,172 +75.2%
26 VUG 1.29% 71,803 $34M $479.61 $5M +4,050 +6.0%
27 VPL 1.25% 379,616 $33M $87.84 $5M +30,724 +8.8%
28 IEUR 1.24% 484,802 $33M $68.12 $2M +9,172 +1.9%
29 IWB 1.17% 85,777 $31M $365.48 $2M +309 +0.4%
30 VTES 1.15% 300,250 $31M $101.92 $7M +68,150 +29.4%
31 KTF 1.13% 3,300,834 $30M $9.17 $3M +242,898 +7.9%
32 IBAC 1.02% 2,572,807 $27M $10.59 $237K -14,225 -0.6%
33 MYN 0.95% 2,548,110 $25M $9.93 $6M +550,955 +27.6%
34 QSEAU 0.86% 2,276,380 $23M $10.13 -$49K -24,095 -1.1%
35 VGK 0.82% 272,924 $22M $79.80 $615K -158 -0.1%
36 XLF 0.80% 398,212 $21M $53.87 $577K -386 -0.1%
37 BHK 0.72% 1,937,109 $19M $9.94 -$52K -49,166 -2.5%
38 VGT 0.71% 25,502 $19M $746.63 $2M -128 -0.5%
39 ASG 0.70% 3,352,438 $19M $5.55 $636K +67,270 +2.0%
40 CHAC 0.69% 1,813,250 $18M $10.14 $102K -2,500 -0.1%
41 BGY 0.67% 3,115,150 $18M $5.75 -$2M -383,392 -11.0%
42 ETO 0.64% 624,947 $17M $27.56 -$291K -19,208 -3.0%
43 BOE 0.64% 1,484,752 $17M $11.57 -$588K -80,561 -5.2%
44 TVA 0.59% 1,471,700 $16M $10.71 $425K -48,275 -3.2%
45 BBJP 0.57% 229,681 $15M $66.32 $3M +27,430 +13.6%
46 ETW 0.57% 1,670,234 $15M $9.05 $450K -25,257 -1.5%
47 EVT 0.56% 612,942 $15M $24.45 -$182K -16,451 -2.6%
48 BST 0.56% 361,100 $15M $41.36 $3M +38,117 +11.8%
49 ANSC 0.55% 1,339,618 $15M $10.91 -$764K -77,850 -5.5%
50 EXG 0.52% 1,535,438 $14M $9.10 -$2M -323,549 -17.4%
51 COPL 0.51% 1,359,828 $14M $10.11 $6M +577,839 +73.9%
52 EWC 0.51% 269,534 $14M $50.55 $4M +69,935 +35.0%
53 GCOW 0.50% 336,447 $13M $39.62 $4M +99,925 +42.2%
54 CHW 0.47% 1,665,758 $13M $7.54 $751K +9,572 +0.6%
55 MIN 0.47% 4,639,674 $12M $2.68 -$1M -469,192 -9.2%
56 EZU 0.45% 193,297 $12M $61.94 $4M +55,837 +40.6%
57 PCQ 0.45% 1,371,202 $12M $8.72 +1,371,202 NEW
58 AFJK 0.43% 1,025,794 $12M $11.32 -$127K -35,625 -3.4%
59 IPEX 0.39% 1,024,763 $10M $10.24 $77K -5,523 -0.5%
60 CAF 0.38% 606,287 $10M $16.65 $2M -13,600 -2.2%
61 TDF 0.38% 865,720 $10M $11.65 $1M -37,553 -4.2%
62 DPG 0.37% 768,179 $10M $12.91 -$2M -202,418 -20.9%
63 MEGI 0.35% 630,869 $9M $14.68 -$537K -58,682 -8.5%
64 PGACU 0.34% 887,400 $9M $10.26 -$1M -145,200 -14.1%
65 IEV 0.29% 117,584 $8M $65.48 $88K -2,760 -2.3%
66 ZTR 0.27% 1,127,163 $7M $6.45 $268K +3,215 +0.3%
67 EWY 0.27% 90,710 $7M $80.10 $1M +7,292 +8.7%
68 JOF 0.26% 662,088 $7M $10.54 -$1M -165,570 -20.0%
69 MLAC 0.26% 670,220 $7M $10.30 -$528K -54,100 -7.5%
70 EWZ 0.25% 217,208 $7M $31.00 $2M +51,630 +31.2%
71 TDAC 0.24% 616,775 $6M $10.34 $43K
72 EDEN 0.22% 54,575 $6M $109.03 +54,575 NEW
73 XRPN 0.21% 547,500 $6M $10.43 +547,500 NEW
74 MGF 0.21% 1,780,788 $6M $3.12 -$162K -51,988 -2.8%
75 TVAIR 0.20% 521,100 $5M $10.03 +521,100 NEW
76 STEW 0.19% 285,837 $5M $18.16 -$1M -86,729 -23.3%
77 DSM 0.19% 860,309 $5M $5.92 $297K +3,906 +0.5%
78 IGD 0.18% 821,202 $5M $5.93 -$6M -977,010 -54.3%
79 BSTZ 0.18% 216,520 $5M $22.16 -$4M -222,939 -50.7%
80 VKQ 0.18% 494,668 $5M $9.65 -$15M -1,690,548 -77.4%
81 BSV 0.18% 59,720 $5M $78.91 -$62K -950 -1.6%
82 IIF 0.17% 175,552 $5M $26.35 -$2M -47,722 -21.4%
83 MMU 0.17% 437,479 $5M $10.34 -$2M -254,311 -36.8%
84 EOD 0.17% 784,438 $4M $5.70 $264K +3,897 +0.5%
85 TWN 0.16% 80,651 $4M $54.12 $281K -10,494 -11.5%
86 MVT 0.16% 409,055 $4M $10.63 $239K +10,890 +2.7%
87 ORIQ 0.16% 429,115 $4M $10.05 +429,115 NEW
88 GF 0.16% 361,055 $4M $11.56 -$278K -11,827 -3.2%
89 ATMC 0.15% 332,084 $4M $11.96 -$31K -9,733 -2.9%
90 MQT 0.14% 369,564 $4M $10.03 $351K +21,503 +6.2%
91 PNI 0.14% 528,497 $4M $6.95 +528,497 NEW
92 RFMZ 0.13% 272,085 $4M $13.05 $33K -6,241 -2.2%
93 PELIR 0.13% 350,525 $4M $10.06 $13K +275 +0.1%
94 BACC 0.13% 335,102 $3M $9.99 +335,102 NEW
95 FFA 0.12% 148,042 $3M $21.52 -$100K -12,418 -7.7%
96 LCCC 0.12% 313,050 $3M $10.08 $414K +39,475 +14.4%
97 TACH 0.12% 309,075 $3M $10.12 +309,075 NEW
98 XRPNU 0.12% 300,000 $3M $10.40 $57K
99 SVCC 0.11% 297,300 $3M $10.30 -$140K -17,550 -5.6%
100 CSQ 0.11% 152,674 $3M $19.29 $2M +97,341 +175.9%

New Positions

SymbolValue% Port
PCQ $12M 0.45%
EDEN $6M 0.22%
XRPN $6M 0.21%
TVAIR $5M 0.20%
ORIQ $4M 0.16%
PNI $4M 0.14%
BACC $3M 0.13%
TACH $3M 0.12%
VTEB $2M 0.07%
GTERU $2M 0.06%
BDCIU $2M 0.06%
IPODU $1M 0.06%
KCHV $1M 0.04%
BLUW $978K 0.04%
IAF $746K 0.03%

Sold Out Positions

SymbolValue% Port
SHV —%
BTZ —%
NEA —%
NVG —%
NAD —%
BDJ —%
IQI —%
NZF —%
VGM —%
QUAL —%
VKI —%
RMMZ —%
NXJ —%
MHI —%
MAV —%
View SEC EDGAR Filings for Karpus Management, Inc. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms