Karpus Management portfolio

What changed this quarter

171 positions with a change (10 new, 55 added to, 84 trimmed, 22 sold); also, 11 entered through an IPO, 3 exited through an acquisition or merger, 6 entered through a spin-off. 5 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares 20+ Year Treasury BD ETF+223%more sharesIncreased
  0.7% → 2.2%
• iShares 7-10 Year Treasury B ETF+1,119%more sharesIncreased
  0.1% → 0.9%
• GP-Act III Acquisition−0.7 ppof portfolioSold out
  0.8% → —
• SIM Acquisition Corp. I−0.5 ppof portfolioSold out
  0.6% → —
• Vanguard S&P 500 ETF−6.7%fewer sharesReduced
  7.3% → 7.2%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Vanguard S&P 500 ETFVOO7.2%
• BlackRock Muniholdings Fund InMHD6.8%
• Vanguard Long-term Bond ETFBLV4.2%
• BlackRock MUN Target Term TrBTT3.0%
• Vanguard Most Sm-cap ETF-usd ETFVB2.8%
• BlackRock Muniyield N Y QualMYN2.3%
• Vanguard International Equity Index FVWO2.2%
• Vanguard International Equity Index FVEU2.2%
• iShares 20+ Year Treasury BD ETFTLT2.2%
• Western Asset Inflt LNKXWIAX2.0%
• BlackRock Muniyield QualityMYI1.7%
• iShares Core S&P 500 ETFIVV1.7%
• Angel OAK Financial Strategies InFINS1.7%
• BlackRock Munihldngs CaliMUC1.5%
• Neuberger Next GenerationNBXG1.4%
• BlackRock Science & TechnoloBST · BSTZ1.4%
• Vanguard Core Tax-ex Bond ETFVCRM1.3%
• Gabelli Divid & Income TrXGDVX1.2%
• Calamos Strategic Total RetuCSQ1.2%
• Nuveen Nasdaq 100 Dynamic OVQQQX1.2%
• Vanguard Total Bond Market ETFBND1.2%
• Alliancebernstein Natl MUN IAFB1.2%
• Vanguard International Equity Index FVPL1.1%
• iShares Core Msci Europe ETFIEUR1.0%
• iShares 7-10 Year Treasury B ETFIEF0.9%
• iShares Russell 1000 ETFIWB0.9%
• SC II AcquisitionSCII0.8%
• Drugs Made In America Acquisition IIDMII0.8%
• BlackRock Muniyild Qult Fund IMQY0.8%
• Eaton Vance Tax-managed GlobETW · ETW0.8%
• Drugs Made In America AcquisitionDMAA0.8%
• Apogee Acquisition2659054D0.8%
• Vanguard Index FundsVTI0.7%
• DWS MUN Income TrKTF0.7%
• Vanguard International Equity Index FVGK0.7%
• Liberty All-star Growth Fund IASG0.7%
• Calamos GBL DYN Income FundCHW0.6%
• State Street Financial Select Sector ETFXLF0.6%
• Eaton Vance Tax-advantaged GETO0.6%
• AI Infrastructure AcquisitionAIIA0.6%
• Tavia AcquisitionTAVI0.6%
• BlackRock Income TrBKT0.6%
• IsharesEZU0.6%
• Vanguard Info Tech ETFVGT0.6%
• Liberty All Star Equity FundUSA0.5%
• Mckinley AcquisitionMKLY0.5%
• Agriculture & Natural Solutions Acquisition0.5%
• IsharesEWC0.5%
• Pimco Calif MUN Income FundXPCQX0.5%
• Pacer Global Cash Cows Divid ETFGCOW0.5%
• RF Acquisition Corp IIRFAI0.5%
• Vanguard Mrngstar GR ETF-sui ETFVUG0.5%
• BlackRock Core BD TrBHK0.5%
• Eaton Vance MUN BD FundEIM0.5%
• White Pearl AcquisitionWPAC0.5%
• Copley AcquisitionCOPL0.5%
• J P Morgan Exchange Traded FundBBJP0.4%
• Charlton Aria AcquisitionCHAR0.4%
• Globa Terra AcquisitionGTERA0.4%
• iShares Core Dividend Growth ETFDGRO0.4%
• Vernal Capital AcquisitionVECA0.4%
• BlackRock Enhanced GlobalXBOEX0.4%
• Westin AcquisitionWSTN0.4%
• ACP Holdings AcquisitionACGC0.4%
• BlackRock Enhanced International DivXBGYX0.4%
• Origin Investment Corp IORIQ0.4%
• MFS Inter Income TrMIN0.4%
• K&f Growth Acquisition Corp. IIKFII0.4%
• Vendome Acquisition Corporation IVNME0.4%
• Lake Superior AcquisitionLKSP0.4%
• Apex TreasuryAPXT0.4%
• BHAV AcquisitionBHAV0.4%
• SPACSphere AcquisitionSSAC0.4%
• Chenghe Acquisition IIICHEC0.3%
• FIGX Capital AcquisitionFIGX0.3%
• APEX Tech AcquisitionTRAD0.3%
• Future Money AcquisitionFMAC0.3%
• Eaton Vance TAX Advt DivXEVTX0.3%
• Gabelli Equity TrGAB0.3%
• Morgan Stanley India Invt FundIIF0.3%
• Allspring Global Dividend OPEOD0.3%
• Melar Acquisition Corp. I/CaymanMACI0.3%
• John Hancock DiversifiedHEQ0.3%
• Quartzsea AcquisitionQSEA0.3%
• Abrdn Australia Equity Fund InIAF0.3%
• IsharesEWY0.3%
• Morgan Stanley China A Sh FundXCAFX0.3%
• Inflection Point Acquisition Corp. VIPEX0.3%
• Nyli Cbre GBL Infr MegtrndsMEGI0.3%
• Emmis AcquisitionEMIS0.3%
• Art Technology AcquisitionARTC0.3%
• GigCapital8GIW0.3%
• Templeton Dragon FundTDF0.3%
• iShares Msci Denmark ETFEDEN0.3%
• Hancock John Income Secs TrJHS0.3%
• Virtus Artificial IntelligenAIO0.3%
• Columbia Seligm Prem Tech GRSTK0.3%
• IsharesEWZ0.3%