Arkolith/Funds/Karpus Management, Inc.

Karpus Management, Inc.

CIK 1048703
Holdings as of Mar 31, 2026·disclosed May 14, 2026·~44-day 13F lag·13F-HR
Active Filer

Karpus Management, Inc. holds a diversified book of 231 stocks worth $3.2B as of Q1 2026 (disclosed May 14, 2026, a ~45-day 13F lag). This quarter they opened SC II Acquisition Corp-CL A and trimmed Vanguard S&P 500 ETF. Their largest long position is Vanguard S&P 500 ETF at 7% of the equity book.

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holdings, largest changes, and filing provenance.
Opened
40
new positions
Added to
63
existing
Trimmed
103
reduced
Sold out
23
exited

Concentration

Top-heavy: diversified book

Top 5 holdings
25%
Top 10 holdings
35%
Top 20 holdings
49%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

25% mapped to company sectors

ETF / fund or unclassified
75%
Financials
24%
Industrials
0%
Information Technology
0%
Consumer Discretionary
0%
Health Care
0%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

231 positions
#SecurityValueShares% PortLast moveHistory
1Vanguard Index FDS S&P 500 ETF SH
S&P 500 ETF SHS
$234.8M392.9K
7.3%
−7.1%
Reduced · −30K sh
2BlackRock Muniholdings Fund Inc
COM
$226.0M20.03M
7.0%
+136%
Added · +11.5M sh
3Vanguard BD Index FD Inc Long Term Bond
LONG TERM BOND
$135.5M1.97M
4.2%
+0.3%
Added · +6K sh
4BlackRock 2030 Municipal Target Term Trust
COM SHS BEN IN
$106.4M4.69M
3.3%
+1.5%
Added · +71K sh
5Vanguard Index FDS Small CP ETF
SMALL CP ETF
$84.3M321.7K
2.6%
−3.9%
Reduced · −13K sh
6BlackRock Muniyield New York Quality Fund Inc
COM
$78.3M8.16M
2.4%
+232%
Added · +5.7M sh
7Vanguard Intl Equity Index FD Allwrld Ex US
ALLWRLD EX US
$73.4M976.7K
2.3%
+5.8%
Added · +53K sh
8Vanguard Intl Equity Index FD Ftse Emr MKT ETF
FTSE EMR MKT ETF
$71.4M1.32M
2.2%
+2.1%
Added · +27K sh
9Western Asset Clym Infl Sec In Com SH Ben Int
COM SH BEN INT
$67.4M8.35M
2.1%
+2.5%
Added · +203K sh
10Angel Oak Financial Strategies Income Term Trust
COM BEN INT
$59.9M4.70M
1.9%
−8.8%
Reduced · −453K sh
11BlackRock MuniYield Quality Fund III
COM
$59.7M5.68M
1.9%
15×
Added · +5.3M sh
12Ishares Core S&P500 ETF
CORE S&P500 ETF
$59.3M90.8K
1.9%
−14%
Reduced · −15K sh
13BlackRock Muniholdings California Quality Fund
COM
$56.0M5.38M
1.7%
−0.2%
Reduced · −10K sh
14Vanguard Core Tax-Exempt Bond ETF
CORE TAX EXEMPT
$44.3M590.1K
1.4%
+6.5%
Added · +36K sh
15Nuveen Nas100 Dyn Overwrt FD
COM SHS
$43.7M1.64M
1.4%
−2.0%
Reduced · −34K sh
16Gabelli Divd & Income TR Com
COM
$40.4M1.50M
1.3%
−9.2%
Reduced · −152K sh
17Neuberger Berman Next Generation Connectivity Fund
COMMON STOCK
$39.5M3.07M
1.2%
−0.2%
Reduced · −7K sh
18Vanguard Ftse Pacific ETF
FTSE PACIFIC ETF
$35.9M367.8K
1.1%
−3.2%
Reduced · −12K sh
19Ishares TR Core Msci Euro
CORE MSCI EURO
$34.6M492.5K
1.1%
+0.9%
Added · +4K sh
20Calamos Strat Tot Return FD
COM SH BEN INT
$33.3M1.94M
1.0%
+44%
Added · +599K sh
21Ishares Russell 1000 ETF
RUS 1000 ETF
$30.3M85.1K
0.9%
+0.1%
Added · +98 sh
22SC Acq CRP II; TNT Acq DT: 5/25/2027; Cash: $10.00
ORD SHS CLASS A
$30.2M3.03M
0.9%
New
New position
23DWS Municipal Income Trust
COM
$29.9M3.29M
0.9%
−11%
Reduced · −425K sh
24BlackRock Muniyield Quality
COM
$28.7M2.62M
0.9%
+283%
Added · +1.9M sh
25Alliance National Municipal Income Fund
COM
$27.3M2.55M
0.9%
+66%
Added · +1.0M sh
26Drugs Made In America Acq CRP: 4/28/2026; Cash: $10.05
ORD SHS
$26.5M2.53M
0.8%
−0.3%
Reduced · −8K sh
27Drugs Made In America Acq CRP II; TNT Acq DT: 9/25/2027; Cash: $10.00
USD ORD SHS
$25.9M2.60M
0.8%
+127%
Added · +1.5M sh
28Vanguard Index FDS Total STK MKT
TOTAL STK MKT
$25.9M80.7K
0.8%
−15%
Reduced · −14K sh
29Vanguard BD Index FD Inc Total BND MRKT
TOTAL BND MRKT
$25.7M349.6K
0.8%
−47%
Reduced · −315K sh
30GP-Act III Acq CRP; TNT Acq DT: 5/10/2026; Cash: $10.00
CL A
$24.2M2.23M
0.8%
−4.3%
Reduced · −102K sh
31Vanguard Intl Equity Index FD Ftse Europe ETF
FTSE EUROPE ETF
$23.8M288.8K
0.7%
+4.9%
Added · +13K sh
32Ishares Lehman 20-plus Yr Treas
20 YR TR BD ETF
$23.7M273.4K
0.7%
New
New position
33Legato Acq CRP III; TNT Acq DT: 2/08/2026; Cash: $10.00
ORD SHS
$23.5M2.14M
0.7%
−36%
Reduced · −1.2M sh
34Quartzsea Acq CRP; TNT Acq DT: 6/18/2026; Cash: $10.00
ORD SHS
$23.4M2.26M
0.7%
−0.3%
Reduced · −7K sh
35Tavia Acq CRP; TNT Acq DT: 6/4/2026; Cash: $10.05
SHS
$23.0M2.18M
0.7%
−0.8%
Reduced · −17K sh
36Eaton Vance Mun BD FD Com
COM
$22.4M2.30M
0.7%
−35%
Reduced · −1.2M sh
37AI Infrastructure Acq CRP; TNT Acq DT: 4/3/2027; Cash: $10.00
ORD SHS CL A
$20.7M2.07M
0.6%
+66%
Added · +824K sh
38BlackRock Science & Tech TR
SHS
$20.5M562.9K
0.6%
+3.6%
Added · +19K sh
39Liberty All-Star Growth FD
COM
$20.0M4.22M
0.6%
+20%
Added · +703K sh
40Financial Select Sector SPDR
STATE STREET FIN
$20.0M405.8K
0.6%
+1.5%
Added · +6K sh
41BlackRock Income TR Inc Com
COM NEW
$19.6M1.85M
0.6%
−0.6%
Reduced · −11K sh
42McKinley Acq CRP; TNT Acq DT: 8/12/2027; Cash: $10.00
SHS CL A
$19.1M1.90M
0.6%
+55%
Added · +677K sh
43Agriculture & Natural Solutions Acq CRP; TNT Acq DT: 11/10/2025; Cash: $10.00
SHS CL A
$18.8M1.66M
0.6%
−1.4%
Reduced · −23K sh
44Sim Acq CRP; TNT Acq DT8/30/2024 7/12/2026; Cash $10.00
SHS CL A
$18.5M1.73M
0.6%
−0.6%
Reduced · −10K sh
45Pacer Global Cash Cows Dividend
GLOBL CASH ETF
$18.1M392.0K
0.6%
+11%
Added · +39K sh
46RF Acquisition Corp Ii. TNT Acq DT: 11/21/2025; Cash: $10.05
SHS
$17.9M1.64M
0.6%
−32%
Reduced · −756K sh
47Ishares Emu ETF
MSCI EURZONE ETF
$17.6M280.3K
0.5%
+33%
Added · +70K sh
48Liberty All-Star Equity Fund
SH BEN INT
$17.3M3.12M
0.5%
+70%
Added · +1.3M sh
49Ishares Msci Cda ETF
MSCI CDA ETF
$17.2M314.3K
0.5%
+9.6%
Added · +27K sh
50BlackRock Core BD TR SHS Ben Int
SHS BEN INT
$17.2M1.88M
0.5%
−0.2%
Reduced · −4K sh
Showing 50 of 231 positions

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 14, 2026231$3.2B13F-HR
Q4 2025Dec 31, 2025Feb 17, 2026214$3.3B13F-HR/A
Q3 2025Sep 30, 2025Nov 14, 2025204$3.2B13F-HR
Q2 2025Jun 30, 2025Aug 14, 2025199$3.1B13F-HR
Q1 2025Mar 31, 2025May 14, 2025202$3.1B13F-HR
Q4 2024Dec 31, 2024Feb 14, 2025205$3.4B13F-HR
Q3 2024Sep 30, 2024Nov 13, 2024220$3.6B13F-HR
Q2 2024Jun 30, 2024Aug 13, 2024230$3.6B13F-HR
Q1 2024Mar 31, 2024May 13, 2024239$3.5B13F-HR
Q4 2023Dec 31, 2023Feb 13, 2024257$3.3B13F-HR
Q3 2023Sep 30, 2023Nov 9, 2023275$3.0B13F-HR
Q2 2023Jun 30, 2023Aug 11, 2023316$3.2B13F-HR
Q1 2023Mar 31, 2023May 11, 2023376$3.2B13F-HR
Q4 2022Dec 31, 2022Feb 15, 2023437$3.0B13F-HR
Q3 2022Sep 30, 2022Nov 14, 2022508$2.9B13F-HR
Q2 2022Jun 30, 2022Aug 12, 2022504$3.0B13F-HR
Q1 2022Mar 31, 2022May 10, 2022437$3.3B13F-HR
Q4 2021Dec 31, 2021Feb 14, 2022367$3.5B13F-HR
Q3 2021Sep 30, 2021Feb 11, 2022297$3.4B13F-HR/A
Q2 2021Jun 30, 2021Aug 13, 2021296$3.4B13F-HR
Q1 2021Mar 31, 2021May 17, 2021304$3.3B13F-HR
Q4 2020Dec 31, 2020Feb 16, 2021220$3.2B13F-HR
Amended / restated
  • Q4 2025 · filed Feb 13, 202613F-HR · superseded
  • Q3 2021 · filed Nov 12, 202113F-HR · superseded

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.