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Karpus Management, Inc.

Q4 2025 · Filed 2026-02-17
Market Value
$3.0B
+12.1%
Holdings
244
+76
New Purchases
99
Added To
56
Closed
15
Reduced
62
Top 10 Concentration
34.7%
Turnover
46.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SAT 0.84% 0.00% +0.84% $25M
CSQ 0.86% 0.11% +0.75% $26M
OXSQH 0.74% 0.00% +0.74% $22M
OXLCG 0.72% 0.00% +0.72% $22M
OXLCZ 0.54% 0.00% +0.54% $16M
NEWTZ 0.50% 0.00% +0.50% $15M
GECCO 0.49% 0.00% +0.49% $15M
TFSA 0.49% 0.00% +0.49% $15M
OXLCN 0.49% 0.00% +0.49% $15M
GAINN 0.45% 0.00% +0.45% $14M
OXLCO 0.40% 0.00% +0.40% $12M
GECCG 0.40% 0.00% +0.40% $12M
USA 0.38% 0.00% +0.38% $11M
OFSSH 0.38% 0.00% +0.38% $11M
DMII 0.38% 0.00% +0.38% $11M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NRK 1.19% 3.32% -2.13% $36M
VOO 8.86% 10.17% -1.31% $265M
IBAC 0.00% 1.02% -1.02% $0
SHM 0.64% 1.62% -0.98% $19M
EIM 1.14% 2.08% -0.94% $34M
IVV 2.42% 3.13% -0.71% $73M
CHAC 0.00% 0.69% -0.69% $32K
TVA 0.00% 0.59% -0.59% $0
VTI 1.06% 1.64% -0.59% $32M
AFJK 0.03% 0.43% -0.40% $888K
NBXG 1.48% 1.84% -0.36% $44M
FINS 2.27% 2.61% -0.34% $68M
VB 2.88% 3.14% -0.26% $86M
VTES 0.89% 1.15% -0.25% $27M
YCY 2.04% 2.29% -0.25% $61M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 15 $459M 15.3%
Large Cap 45 $473M 15.8%
Mid Cap 18 $375M 12.5%
Small Cap 92 $1.3B 42.8%
Micro Cap 74 $404M 13.5%

Portfolio Analytics

Avg Market Cap
$58.7B
Median Market Cap
$533M
Avg P/E
42.8
Median P/E
22.2
Avg Dividend Yield
0.10%
Avg Beta
0.56
# Stocks
125
# ETFs / Funds
119

Top Holdings (244 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VOO 8.86% 422,908 $265M $627.13 -$6M -20,604 -4.7%
2 BLV 4.56% 1,964,668 $137M $69.52 $21M +339,235 +20.9%
3 BTT 3.52% 4,618,725 $105M $22.82 $6M +210,844 +4.8%
4 MHD 3.33% 8,490,550 $100M $11.74 $16M +1,333,252 +18.6%
5 VB 2.88% 334,706 $86M $257.95 $2M +4,823 +1.5%
6 IVV 2.42% 105,868 $73M $684.94 -$11M -19,070 -15.3%
7 VWO 2.32% 1,294,118 $70M $53.76 $2M +54,575 +4.4%
8 FINS 2.27% 5,151,041 $68M $13.21 -$2M -162,941 -3.1%
9 VEU 2.27% 923,254 $68M $73.56 $15M +181,221 +24.4%
10 WIA 2.25% 8,143,596 $67M $8.27 $1M +296,660 +3.8%
11 YCY 2.04% 5,717,512 $61M $10.67 -$169K -97,588 -1.7%
12 MVF 1.93% 8,350,955 $58M $6.93 $632K +6,976 +0.1%
13 MUC 1.91% 5,389,509 $57M $10.60 $6M +631,355 +13.3%
14 BLE 1.71% 4,897,546 $51M $10.44 $5M +471,144 +10.6%
15 BFK 1.66% 4,953,591 $50M $10.03 $5M +464,091 +10.3%
16 BND 1.64% 665,035 $49M $74.07 $12M +163,119 +32.5%
17 QQQX 1.59% 1,670,779 $48M $28.52 $359K -51,411 -3.0%
18 GDV 1.53% 1,651,516 $46M $27.77 -$2M -94,578 -5.4%
19 IEF 1.53% 476,221 $46M $96.16 $3M +32,583 +7.3%
20 NBXG 1.48% 3,075,844 $44M $14.44 -$5M -124,711 -3.9%
21 MHN 1.25% 3,663,762 $37M $10.23 $762K +71,020 +2.0%
22 NRK 1.19% 3,536,744 $36M $10.09 -$53M -5,162,537 -59.3%
23 VUG 1.19% 72,958 $36M $487.86 $1M +1,155 +1.6%
24 IEUR 1.16% 488,052 $35M $70.98 $2M +3,250 +0.7%
25 VPL 1.15% 379,849 $34M $90.40 $993K +233 +0.1%
26 EIM 1.14% 3,506,586 $34M $9.73 -$21M -2,088,776 -37.3%
27 KTF 1.13% 3,715,549 $34M $9.09 $4M +414,715 +12.6%
28 IWB 1.06% 84,998 $32M $373.44 $392K -779 -0.9%
29 VTI 1.06% 94,356 $32M $335.27 -$12M -39,496 -29.5%
30 VTES 0.89% 262,800 $27M $101.58 -$4M -37,450 -12.5%
31 CSQ 0.86% 1,345,804 $26M $19.20 $23M +1,193,130 +781.5%
32 SAT 0.84% 1,014,297 $25M $24.76 +1,014,297 NEW
33 MYN 0.81% 2,455,847 $24M $9.91 -$965K -92,263 -3.6%
34 QSEAU 0.77% 2,263,880 $23M $10.23 $100K -12,500 -0.6%
35 VGK 0.77% 275,400 $23M $83.61 $1M +2,476 +0.9%
36 OXSQH 0.74% 867,122 $22M $25.48 +867,122 NEW
37 BST 0.74% 543,547 $22M $40.54 $7M +182,447 +50.5%
38 XLF 0.73% 399,770 $22M $54.77 $444K +1,558 +0.4%
39 OXLCG 0.72% 853,683 $22M $25.27 +853,683 NEW
40 SHM 0.64% 398,706 $19M $47.99 -$24M -498,201 -55.5%
41 ANSC 0.63% 1,685,893 $19M $11.19 $4M +346,275 +25.9%
42 VGT 0.63% 24,977 $19M $753.78 -$213K -525 -2.1%
43 ASG 0.62% 3,517,079 $19M $5.30 $34K +164,641 +4.9%
44 ETO 0.62% 612,728 $19M $30.35 $1M -12,219 -2.0%
45 BHK 0.60% 1,883,365 $18M $9.59 -$1M -53,744 -2.8%
46 OXLCZ 0.54% 669,336 $16M $24.37 +669,336 NEW
47 COPL 0.52% 1,535,003 $16M $10.20 $2M +175,175 +12.9%
48 EWC 0.52% 286,858 $15M $53.93 $2M +17,324 +6.4%
49 ETW 0.50% 1,635,014 $15M $9.22 -$41K -35,220 -2.1%
50 NEWTZ 0.50% 595,191 $15M $25.19 +595,191 NEW
51 BBJP 0.50% 226,543 $15M $65.91 -$301K -3,138 -1.4%
52 GECCO 0.49% 592,725 $15M $25.00 +592,725 NEW
53 TFSA 0.49% 594,051 $15M $24.88 +594,051 NEW
54 BGY 0.49% 2,513,036 $15M $5.88 -$3M -602,114 -19.3%
55 OXLCN 0.49% 603,268 $15M $24.30 +603,268 NEW
56 GCOW 0.49% 353,352 $15M $41.22 $1M +16,905 +5.0%
57 CHW 0.48% 1,941,888 $14M $7.41 $2M +276,130 +16.6%
58 BOE 0.48% 1,222,780 $14M $11.71 -$3M -261,972 -17.6%
59 EXG 0.47% 1,467,837 $14M $9.53 $16K -67,601 -4.4%
60 PCQ 0.45% 1,554,343 $14M $8.73 $2M +183,141 +13.4%
61 GAINN 0.45% 537,845 $14M $25.15 +537,845 NEW
62 EZU 0.45% 210,019 $13M $64.10 $1M +16,722 +8.7%
63 OXLCO 0.40% 516,391 $12M $23.40 +516,391 NEW
64 GECCG 0.40% 480,605 $12M $25.04 +480,605 NEW
65 USA 0.38% 1,830,510 $11M $6.28 +1,830,510 NEW
66 MIN 0.38% 4,385,724 $11M $2.61 -$988K -253,950 -5.5%
67 OFSSH 0.38% 479,881 $11M $23.69 +479,881 NEW
68 DMII 0.38% 1,143,625 $11M $9.90 +1,143,625 NEW
69 OCCIN 0.37% 452,345 $11M $24.70 +452,345 NEW
70 EVT 0.36% 430,276 $11M $25.18 -$4M -182,666 -29.8%
71 ECCV 0.35% 443,719 $11M $23.90 +443,719 NEW
72 IPEX 0.35% 1,016,543 $10M $10.28 -$44K -8,220 -0.8%
73 CAF 0.32% 556,731 $10M $17.36 -$430K -49,556 -8.2%
74 GTERU 0.32% 956,762 $10M $10.10 $8M +803,185 +523.0%
75 TDF 0.32% 855,995 $10M $11.26 -$447K -9,725 -1.1%
76 EOD 0.32% 1,641,368 $10M $5.83 $5M +856,930 +109.2%
77 PDPA 0.31% 362,372 $9M $25.24 +362,372 NEW
78 EMIS 0.30% 913,836 $9M $9.93 +913,836 NEW
79 EDEN 0.30% 77,516 $9M $114.47 $3M +22,941 +42.0%
80 PGACU 0.29% 844,700 $9M $10.36 -$354K -42,700 -4.8%
81 EWY 0.29% 89,087 $9M $97.22 $1M -1,623 -1.8%
82 MYD 0.29% 815,853 $9M $10.49 $6M +606,582 +289.9%
83 ORIQ 0.28% 819,444 $8M $10.11 $4M +390,329 +91.0%
84 DPG 0.28% 651,743 $8M $12.71 -$2M -116,436 -15.2%
85 SAZ 0.27% 315,605 $8M $25.33 +315,605 NEW
86 IEV 0.26% 115,456 $8M $68.60 $221K -2,128 -1.8%
87 KCHV 0.26% 764,019 $8M $10.14 $7M +649,032 +564.4%
88 MQY 0.26% 683,812 $8M $11.30 +683,812 NEW
89 OBA 0.26% 766,400 $8M $10.08 +766,400 NEW
90 MEGI 0.26% 558,942 $8M $13.76 -$2M -71,927 -11.4%
91 NMPAU 0.26% 767,290 $8M $10.02 +767,290 NEW
92 MQT 0.25% 746,841 $8M $10.05 $4M +377,277 +102.1%
93 MUE 0.24% 726,931 $7M $10.03 $7M +704,881 +3196.7%
94 EWZ 0.23% 217,760 $7M $31.77 $185K +552 +0.2%
95 CCID 0.22% 264,150 $7M $25.31 +264,150 NEW
96 BACC 0.22% 652,415 $7M $10.21 $3M +317,313 +94.7%
97 MLAC 0.22% 620,220 $6M $10.40 -$453K -50,000 -7.5%
98 TDAC 0.21% 613,425 $6M $10.46 $39K -3,350 -0.5%
99 JOF 0.21% 566,415 $6M $11.08 -$703K -95,673 -14.4%
100 EIIA 0.20% 241,666 $6M $25.21 +241,666 NEW

New Positions

SymbolValue% Port
SAT $25M 0.84%
OXSQH $22M 0.74%
OXLCG $22M 0.72%
OXLCZ $16M 0.54%
NEWTZ $15M 0.50%
GECCO $15M 0.49%
TFSA $15M 0.49%
OXLCN $15M 0.49%
GAINN $14M 0.45%
OXLCO $12M 0.40%
GECCG $12M 0.40%
USA $11M 0.38%
OFSSH $11M 0.38%
DMII $11M 0.38%
OCCIN $11M 0.37%

Sold Out Positions

SymbolValue% Port
HEQ —%
VKQ —%
CII —%
ETV —%
VMO —%
MMU —%
MUJ —%
IAF —%
TVA —%
IBAC —%
NQP —%
VCIC —%
UCFI —%
ATMC —%
EVM —%
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