DOSSIER · 13F-HR · Q1 2026

Karpus Management, Inc.

Karpus's pension fund based in Boston, MA — $3.2B in tracked AUM across 231 positions as of Q1 2026.

K

Karpus·Boston, MA·Pension Fund

CIK 0001048703 · last filed Mar 31, 2026

Total AUM

$3.2B

▼ 10.2%

vs prior

Holdings

231

—

positions

Whale Score

61

61

tracked

Activity

—

no data

changes this Q

Top sector

Tech

26% weight

concentration

AI Analysis · Q1 2026 · Q1 2026

Comprehensive Analysis of Karpus Management, Inc. SEC 13F Filing

Report Period: Q3 2025 (Report Date: September 30, 2025)

1. Portfolio Overview

Karpus Management, Inc. reported a significant contraction in portfolio assets during the third quarter of 2025, with the total value decreasing by 42.1%, dropping from $3.10 billion to $1.80 billion. This reduction is not solely attributable to market performance but indicates a substantial capital reallocation strategy, likely driven by clien...

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight

01

VANGUARD INDEX FDS S&P 500 ETF SH

$235M393K7.3%

02

BLACKROCK MUNIHOLDINGS FUND INC

$226M20.0M7.0%

03

VANGUARD BD INDEX FD INC LONG TERM BOND

$136M2.0M4.2%

04

BLACKROCK 2030 MUNICIPAL TARGET TERM TRUST

$106M4.7M3.3%

05

VANGUARD INDEX FDS SMALL CP ETF

$84M322K2.6%

06

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND INC

$78M8.2M2.4%

07

VANGUARD INTL EQUITY INDEX FD ALLWRLD EX US

$73M977K2.3%

08

VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF

$71M1.3M2.2%

09

WESTERN ASSET CLYM INFL SEC IN COM SH BEN INT

$67M8.3M2.1%

10

ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUST

$60M4.7M1.9%

Filing history

Filing history loading…