Q3 2025 · 13F-HR
Karpus Management, Inc.holdings as filed
Filed 2025-11-14 · accession 0001072613-25-000825
$3.16B
Reported value
204
Positions
2025-09-30
Period end
The Brief · Karpus Management, Inc. · Q3 2025
AI · grounded in 13F
Karpus Management, Inc. established a new position in VOO valued at $271.6M. The fund also initiated new stakes in BLV for $115.2M and BTT for $99M. Additional new positions include NRK at $88.7M, MHD at $84.1M, and VB at $83.9M. Total assets under management stand at $3.16B across 204 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 922908363 | VOO | VANGUARD INDEX FDS S&P 500 ETF SH | $271.6M | 8.60% | 443,512 | Common | SOLE |
| 921937793 | BLV | VANGUARD BD INDEX FD INC LONG TERM BOND | $115.2M | 3.65% | 1,625,433 | Common | SOLE |
| 09257P105 | BTT | BLACKROCK 2030 MUNICIPAL TARGET TERM TRUST | $99.0M | 3.14% | 4,407,881 | Common | SOLE |
| 670656107 | NRK | NUVEEN NY AMT FREE MUN INCOME COM | $88.7M | 2.81% | 8,699,281 | Common | SOLE |
| 09253N104 | MHD | BLACKROCK MUNIHOLDINGS FUND INC | $84.1M | 2.66% | 7,157,298 | Common | SOLE |
| 922908751 | VB | VANGUARD INDEX FDS SMALL CP ETF | $83.9M | 2.66% | 329,883 | Common | SOLE |
| 464287200 | IVV | ISHARES CORE S&P500 ETF | $83.6M | 2.65% | 124,938 | Common | SOLE |
| 03464A100 | FINS | ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUST | $69.7M | 2.21% | 5,313,982 | Common | SOLE |
| 922042858 | VWO | VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF | $67.2M | 2.13% | 1,239,543 | Common | SOLE |
| 95766Q106 | XWIAX | WESTERN ASSET CLYM INFL SEC IN COM SH BEN INT | $66.1M | 2.09% | 7,846,936 | Common | SOLE |
| G1000R101 | AAM | AA MISSION ACQ CRP; TNT ACQ DT: 8/1/2026; CASH: $10.05 | $61.2M | 1.94% | 5,815,100 | Common | SOLE |
| 09253R105 | XMVFX | BLACKROCK MUNIVEST FUND | $57.2M | 1.81% | 8,343,979 | Common | SOLE |
| 27827X101 | EIM | EATON VANCE MUN BD FD COM | $55.6M | 1.76% | 5,595,362 | Common | SOLE |
| 922042775 | VEU | VANGUARD INTL EQUITY INDEX FD ALLWRLD EX US | $53.0M | 1.68% | 742,033 | Common | SOLE |
| 09254L107 | MUC | BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND | $51.6M | 1.63% | 4,758,154 | Common | SOLE |
| 64133Q108 | NBXG | NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND | $49.2M | 1.56% | 3,200,555 | Common | SOLE |
| 36242H104 | XGDVX | GABELLI DIVD & INCOME TR COM | $47.4M | 1.50% | 1,746,094 | Common | SOLE |
| 670699107 | QQQX | NUVEEN NAS100 DYN OVERWRT FD | $47.3M | 1.50% | 1,722,190 | Common | SOLE |
| 09249N101 | BLE | BLACKROCK MUN INC TRUST II | $46.3M | 1.46% | 4,426,402 | Common | SOLE |
| 09248F109 | — | BLACKROCK MUNICIPAL INCOME TRUST | $45.1M | 1.43% | 4,489,500 | Common | SOLE |
| 922908769 | VTI | VANGUARD INDEX FDS TOTAL STK MKT | $43.9M | 1.39% | 133,852 | Common | SOLE |
| 78468R739 | SHM | SPDR SER TR NUVN BR SHT MUNI | $43.2M | 1.37% | 896,907 | Common | SOLE |
| 464287440 | IEF | ISHARES LEHMAN 7-10YR TREAS | $42.8M | 1.36% | 443,638 | Common | SOLE |
| 922907712 | VCRM | VANGUARD CORE TAX EXEMPT BOND ETF | $40.1M | 1.27% | 533,467 | Common | SOLE |
| 921937835 | BND | VANGUARD BD INDEX FD INC TOTAL BND MRKT | $37.3M | 1.18% | 501,916 | Common | SOLE |
| 09255C106 | — | BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND INC | $36.7M | 1.16% | 3,592,742 | Common | SOLE |
| G5451A103 | LEGT | LEGATO ACQ CRP III; TNT ACQ DT: 2/08/2026; CASH: $10.00 | $36.2M | 1.15% | 3,373,979 | Common | SOLE |
| 922908736 | VUG | VANGUARD GROWTH ETF | $34.4M | 1.09% | 71,803 | Common | SOLE |
| 922042866 | VPL | VANGUARD FTSE PACIFIC ETF | $33.3M | 1.06% | 379,616 | Common | SOLE |
| 46434V738 | IEUR | ISHARES TR CORE MSCI EURO | $33.0M | 1.05% | 484,802 | Common | SOLE |
| 464287622 | IWB | ISHARES RUSSELL 1000 ETF | $31.3M | 0.99% | 85,777 | Common | SOLE |
| 921935870 | VTES | VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF | $30.6M | 0.97% | 300,250 | Common | SOLE |
| 233368109 | KTF | DWS MUNICIPAL INCOME TRUST | $30.3M | 0.96% | 3,300,834 | Common | SOLE |
| 44934N108 | IBAC | IB ACQ CRP; TNT ACQ DT: 9/26/2025; CASH: $10.05 | $27.2M | 0.86% | 2,572,807 | Common | SOLE |
| G2847J104 | DMAA | DRUGS MADE IN AMERICA ACQ CRP: 4/28/2026; CASH: $10.05 | $26.2M | 0.83% | 2,547,667 | Common | SOLE |
| G75389109 | RFAI | RF ACQUISITION CORP II. TNT ACQ DT: 11/21/2025; CASH: $10.05 | $25.8M | 0.82% | 2,405,583 | Common | SOLE |
| 09255E102 | MYN | BLACKROCK MUNIYIELD NEW YORK QUALITY FUND INC | $25.3M | 0.80% | 2,548,110 | Common | SOLE |
| G4035N103 | GPAT | GP-ACT III ACQ CRP; TNT ACQ DT: 5/10/2026; CASH: $10.00 | $24.5M | 0.77% | 2,306,816 | Common | SOLE |
| G7314B104 | QSEA | QUARTZSEA ACQ CRP; TNT ACQ DT: 6/18/2026; CASH: $10.00 | $23.1M | 0.73% | 2,276,380 | Common | SOLE |
| G86880104 | TAVI | TAVIA ACQ CRP; TNT ACQ DT: 6/4/2026; CASH: $10.05 | $22.8M | 0.72% | 2,202,502 | Common | SOLE |
| 922042874 | VGK | VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF | $21.8M | 0.69% | 272,924 | Common | SOLE |
| 81369Y605 | XLF | FINANCIAL SELECT SECTOR SPDR | $21.5M | 0.68% | 398,212 | Common | SOLE |
| 09249E101 | BHK | BLACKROCK CORE BD TR SHS BEN INT | $19.3M | 0.61% | 1,937,109 | Common | SOLE |
| 92204A702 | VGT | VANGUARD WORLD FDS INF TECH ETF | $19.0M | 0.60% | 25,502 | Common | SOLE |
| G8431T101 | SIMA | SIM ACQ CRP; TNT ACQ DT8/30/2024 7/12/2026; CASH $10.00 | $18.6M | 0.59% | 1,768,767 | Common | SOLE |
| 529900102 | ASG | LIBERTY ALL-STAR GROWTH FD | $18.6M | 0.59% | 3,352,438 | Common | SOLE |
| G24979109 | CHAC | CRANE HARBOR ACQ CRP; TNT AC DT: 4/24/2027; CASH: $10.00 | $18.4M | 0.58% | 1,813,250 | Common | SOLE |
| G38648104 | GIG | GIGCAPITAL 7 ACQ CRP; TNT ACQ DT: 05/29/2026; CASH: $10.00 | $18.0M | 0.57% | 1,703,124 | Common | SOLE |
| 092524107 | XBGYX | BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST | $17.9M | 0.57% | 3,115,150 | Common | SOLE |
| 27828U106 | ETO | EATON VANCE TAX-ADV GLOBAL DIV OPP FUND | $17.2M | 0.55% | 624,947 | Common | SOLE |
| 092501105 | XBOEX | BLACKROCK ENHANCED GLOBAL DIVIDEND TRUST | $17.2M | 0.54% | 1,484,752 | Common | SOLE |
| G8772L105 | TVA | TEXAS VENTURES ACQ CRP III; TNT ACQ DT: 10/23/2026; CASH: $10.05 | $15.8M | 0.50% | 1,471,700 | Common | SOLE |
| 46641Q217 | BBJP | JPMORGAN BETABUILDERS JAPAN ETF | $15.2M | 0.48% | 229,681 | Common | SOLE |
| 27829C105 | ETW | Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | $15.1M | 0.48% | 1,670,234 | Common | SOLE |
| 27828G107 | XEVTX | EATON VANCE TAX-ADV DVD INC | $15.0M | 0.47% | 612,942 | Common | SOLE |
| G9877L107 | CHAR | CHARLTON ASIA ACQ CRP; TNT ACQ DT: 04/24/2026; CASH: $10.025 | $14.9M | 0.47% | 1,443,029 | Common | SOLE |
| 09258G104 | BST | BLACKROCK SCIENCE & TECH TR | $14.9M | 0.47% | 361,100 | Common | SOLE |
| G0131Y100 | ANSC | AGRICULTURE & NATURAL SOLUTIONS ACQ CRP; TNT ACQ DT: 11/10/2025; CASH: $10.00 | $14.6M | 0.46% | 1,339,618 | Common | SOLE |
| G52443119 | KVAC | KEEN VISION ACQ CRP; TNT ACQ DT: 4/25/2024; CASH: $10.13 | $14.2M | 0.45% | 1,235,460 | Common | SOLE |
| 27829F108 | XEXGX | EATON VANCE TAX-MAN GLOBAL EQUITY FUND | $14.0M | 0.44% | 1,535,438 | Common | SOLE |
| 01864u106 | — | ALLIANCE NATIONAL MUNICIPAL INCOME FUND | $13.9M | 0.44% | 1,281,834 | Common | SOLE |
| G24243100 | COPL | COPLEY ACQ CRP; TNT ACQ DT: 4/30/2027; CASH: $10.05 | $13.7M | 0.44% | 1,359,828 | Common | SOLE |
| 464286509 | EWC | ISHARES MSCI CDA ETF | $13.6M | 0.43% | 269,534 | Common | SOLE |
| 69374H709 | GCOW | PACER GLOBAL CASH COWS DIVIDEND | $13.3M | 0.42% | 336,447 | Common | SOLE |
| 27828s101 | — | EATON VANCE TAX-ADV GLOBAL DIV INCOME FUND | $13.0M | 0.41% | 613,194 | Common | SOLE |
| 12811L107 | CHW | CALAMOS GLOBAL DYNAMIC INCOME FUND | $12.6M | 0.40% | 1,665,758 | Common | SOLE |
| G5S86M100 | LPAA | LAUNCH ONE ACP CRP; TNT ACQ DT: 7/12/2026; CASH: $10.00 | $12.5M | 0.39% | 1,186,750 | Common | SOLE |
| 55273C107 | MIN | MFS INTER INCOME TR SH BEN INT | $12.4M | 0.39% | 4,639,674 | Common | SOLE |
| G6004G100 | MACI | MELAR ACQ CRP; TNT ACQ DT: 6/18/2025; CASH: $10.00 | $12.0M | 0.38% | 1,146,655 | Common | SOLE |
| 464286608 | EZU | ISHARES EMU ETF | $12.0M | 0.38% | 193,297 | Common | SOLE |
| 72200N106 | XPCQX | PIMCO CALIFORNIA MUNICIPAL INC | $12.0M | 0.38% | 1,371,202 | Common | SOLE |
| G52258111 | KFII | K&F GROWTH ACQ CRP; TNT ACQ DT: 11/05/2026; CASH: $10.05 | $11.7M | 0.37% | 1,146,450 | Common | SOLE |
| G5501C109 | CUB | LIONHEART HOLDINGS ACQ CRP; TNT ACQ DT: 6/18/2026; CASH $10.00 | $11.7M | 0.37% | 1,113,175 | Common | SOLE |
| G01341109 | AFJK | AIMEI ACQ CRP; TNT ACQ DT: 12/02/2024; CASH: $10.10 | $11.6M | 0.37% | 1,025,794 | Common | SOLE |
| 92840R101 | NFJ | Virtus DVD Intrst & PRM STR | $11.3M | 0.36% | 871,537 | Common | SOLE |
| 00326l100 | — | ABERDEEN TOTAL DYNAMIC DIVID | $10.8M | 0.34% | 1,137,303 | Common | SOLE |
| G6001J107 | IPEX | MAYWOOD ACQ CRP; TNT ACQ DT: 5/13/2026; CASH: $10.00 | $10.5M | 0.33% | 1,024,763 | Common | SOLE |
| 617468103 | XCAFX | MS CHINA A SHARE | $10.1M | 0.32% | 606,287 | Common | SOLE |
| 88018T101 | TDF | TEMPLETON DRAGON FD INC COM | $10.1M | 0.32% | 865,720 | Common | SOLE |
| 26433C105 | DPG | Duff & Phelps Utility & Inc | $9.9M | 0.31% | 768,179 | Common | SOLE |
| 56064Q107 | MEGI | MainStay CBRE GLOBAL INFRASTRUCTURE MEGATRENDS FUND | $9.3M | 0.29% | 630,869 | Common | SOLE |
| G8089R100 | PGAC | PANTAGES CAPITAL ACQUISITION C | $9.1M | 0.29% | 887,400 | Common | SOLE |
| G1514D101 | YHNA | YHN ACQ CRP; TNT ACQ DT: 12/18/2025; CASH: $10.05 | $8.3M | 0.26% | 792,626 | Common | SOLE |
| G7576K107 | RDAC | Rising Dragon Acquisition Corp | $7.8M | 0.25% | 750,300 | Common | SOLE |
| G3530C109 | FSHP | FLAG SHIP ACQ CRP; TNT ACQ DT: 6/18/2025; CASH $10.00 | $7.8M | 0.25% | 738,600 | Common | SOLE |
| 464287861 | IEV | ISHARES EUROPE ETF | $7.7M | 0.24% | 117,584 | Common | SOLE |
| 12664M103 | NOEM | CO2 ENERGY TRANSITION ACQ CRP; TNT ACQ DT: 5/21/2026; CASH: $10.05 | $7.5M | 0.24% | 737,471 | Common | SOLE |
| 92835W107 | ZTR | VIRTUS GLOBAL DIVIDEND & INCOME FUND | $7.3M | 0.23% | 1,127,163 | Common | SOLE |
| 464286772 | EWY | ISHARES MSCI SOUTH KOREA IND | $7.3M | 0.23% | 90,710 | Common | SOLE |
| G93A7H104 | VACH | VOYAGER ACQ CRP; TNT ACQ DT: 8/9/2026; CASH: $10.05 | $7.0M | 0.22% | 671,441 | Common | SOLE |
| G7134A104 | PLMK | PLUM ACQ CRP IV; TNT ACQ DT: 7/15/2026; CASH: $10.10 | $7.0M | 0.22% | 677,700 | Common | SOLE |
| 47109U104 | JOF | JAPAN SMALLER CAPTLZTN FD INC COM | $7.0M | 0.22% | 662,088 | Common | SOLE |
| 09248l106 | — | BLACKROCK NEW YORK MUNICIPAL INCOME TRUST | $6.9M | 0.22% | 683,976 | Common | SOLE |
| G6301B101 | MLAC | MOUNTAIN LAKE ACQ CRP; TNT ACQ DT: 6/13/2026; CASH: $10.05 | $6.9M | 0.22% | 670,220 | Common | SOLE |
| 464286400 | EWZ | ISHARES BRAZIL ETF | $6.7M | 0.21% | 217,208 | Common | SOLE |
| 46434v621 | — | ISHARES CORE DIVIDEND GROWTH ETF | $6.6M | 0.21% | 97,006 | Common | SOLE |
| G9008W105 | TDAC | TRIDENT ACQ CORP; TNT ACQ DATE: 11/30/19; CASH $10.20 | $6.4M | 0.20% | 616,775 | Common | SOLE |
| G6861F104 | OYSE | OYSTER ENTERPRICES ACQ CRP II; TNT ACQ DT: 5/22/2027; CASH: $10.00 | $6.2M | 0.20% | 619,717 | Common | SOLE |
| 46429B523 | EDEN | ISHARES MSCI DENMARK ETF | $6.0M | 0.19% | 54,575 | Common | SOLE |
| G82745103 | SOUL | SOULPOWER ACQ CRP; TNT ACQ DT: 4/2/2027; CASH: $10.00 | $5.9M | 0.19% | 581,250 | Common | SOLE |
| G0R38G104 | XRPN | ARMADA ACQ CRP II; TNT ACQ DT: 5/16/2027; CASH: $10.00 | $5.7M | 0.18% | 547,500 | Common | SOLE |
| 552939100 | MGF | MFS GOVT MKTS INCOME TR SH BEN INT | $5.6M | 0.18% | 1,780,788 | Common | SOLE |
| G87890102 | TVAI | THAYER VENTURES ACQ CRP II; TNT ACQ DT:3/15/2027; CASH:$10.00 | $5.2M | 0.17% | 521,100 | Common | SOLE |
| 101507101 | STEW | SRH TOTAL RETURN FUND INC | $5.2M | 0.16% | 285,837 | Common | SOLE |
| G6439S109 | NTWO | NEWBURY STREET ACQ CRP II; TNT ACQ DT: 10/31/2026; CASH: $10.05 | $5.2M | 0.16% | 497,662 | Common | SOLE |
| 09662E109 | DSM | BNY MELLON STRATEGIC MUNICIPAL BOND FUND INC | $5.1M | 0.16% | 860,309 | Common | SOLE |
| G37068106 | FVN | FUTURE VISION ACQ CRP II; TNT ACQ DT: 03/21/2026; CASH: $10.05 | $5.0M | 0.16% | 480,769 | Common | SOLE |
| 92912T100 | XIGDX | VOYA GLBL EQTY DIV & PREM OPP COM | $4.9M | 0.15% | 821,202 | Common | SOLE |
| 09260K101 | BSTZ | BLACKROCK SCIENCE AND TECHNOLOGY TRUST II | $4.8M | 0.15% | 216,520 | Common | SOLE |
| 46131J103 | VKQ | INVESCO MUNICIPAL TRUST | $4.8M | 0.15% | 494,668 | Common | SOLE |
| 921937827 | BSV | VANGUARD BD INDEX FD INC SHORT TRM BOND | $4.7M | 0.15% | 59,720 | Common | SOLE |
| 87911k100 | — | TEKLA LIFE SCIENCES INVESTORS | $4.7M | 0.15% | 300,284 | Common | SOLE |
| 61745C105 | IIF | MORGAN STANLEY INDIA INVS FD COM | $4.6M | 0.15% | 175,552 | Common | SOLE |
| 95766M105 | MMU | WESTERN ASSET MANAGED MUNICI | $4.5M | 0.14% | 437,479 | Common | SOLE |
| 94987C103 | EOD | ALLSPRING GLOBAL DIVIDEND OPPORTUNITY FUND | $4.5M | 0.14% | 784,438 | Common | SOLE |
| 874036106 | TWN | TAIWAN FD INC COM | $4.4M | 0.14% | 80,651 | Common | SOLE |
| 09253T101 | XMVTX | BLACKROCK MUNIVEST FUND II | $4.3M | 0.14% | 409,055 | Common | SOLE |
| G67751100 | ORIQ | ORIGIN ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.10 | $4.3M | 0.14% | 429,115 | Common | SOLE |
| 67190B104 | OAKU | OAK WOODS ACQ CRP; TNT ACQ DT: 3/24/2024; CASH: $10.175 | $4.2M | 0.13% | 349,328 | Common | SOLE |
| 644465106 | GF | NEW GERMANY FUND | $4.2M | 0.13% | 361,055 | Common | SOLE |
| G9580A109 | VNME | VENDOME ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.00 | $4.0M | 0.13% | 400,023 | Common | SOLE |
| G0223V105 | ATMC | ALPHATIME ACQ CORP. TNT ACQ DT: 09/30/2023; CASH: $10.18 | $4.0M | 0.13% | 332,084 | Common | SOLE |
| 09254G108 | XMQTX | BLACKROCK MUNIYELD QUALITY FUND II | $3.7M | 0.12% | 369,564 | Common | SOLE |
| 72200Y102 | PNI | PIMCO NEW YORK MUNICIPAL II | $3.7M | 0.12% | 528,497 | Common | SOLE |
| G2853N106 | DTSQ | DT CLOUD STAR ACQ CRP; TNT ACQ DT: 10/25/2025; CASH: $10.05 | $3.6M | 0.12% | 346,698 | Common | SOLE |
| 76883Y107 | RFMZ | RIVERNORTH FLEXIBLE MUNICIPAL INCOME FUND II | $3.6M | 0.11% | 272,085 | Common | SOLE |
| G6993G103 | — | PELICAN ACQ CRP; TNT ACQ DT: 8/23/2026; CASH: $10.00 | $3.5M | 0.11% | 350,525 | Common | SOLE |
| G32168109 | EURK | EUREKA ACQ CRP; TNT ACQ DT: 1/12/2026; CASH $10.00 | $3.5M | 0.11% | 326,825 | Common | SOLE |
| G1331A108 | BACC | BLUE ACQ CRP; TNT ACQ DT: 03/13/2027; CASH: $10.00 | $3.3M | 0.11% | 335,102 | Common | SOLE |
| 09247F209 | BKT | BLACKROCK INCOME TR INC COM | $3.3M | 0.10% | 291,365 | Common | SOLE |
| 337318109 | FFA | First Trust ENH Equity Inc | $3.2M | 0.10% | 148,042 | Common | SOLE |
| G5353S103 | LCCC | LAKESHORE ACQ CRP III; TNT ACQ DT: 7/30/2026; CASH:$10.00 | $3.2M | 0.10% | 313,050 | Common | SOLE |
| G93Y0A104 | UYSC | UY SCUTI ACQ CRP; TNT ACQ DT: 9/30/2026; CASH: $10.00 | $3.1M | 0.10% | 308,711 | Common | SOLE |
| G8901A103 | TACH | TITAN ACQ CRP; TNT ACQ DT: 4/8/2027; CASH: $10.05 | $3.1M | 0.10% | 309,075 | Common | SOLE |
| G0283A108 | ATMVR | ALPHAVEST ACQ CRP; TNT ACQ DT: 12/20/2023; CASH: $10.20 | $3.1M | 0.10% | 261,100 | Common | SOLE |
| G0R38G120 | XRPNU | ARMADA CQ CRP UNIT II; TNT ACQ DT: 5/16/2027; CASH: $10.00 | $3.1M | 0.10% | 300,000 | Common | SOLE |
| G8475V103 | SVCC | STELLAR V CAPITAL ACQ CRP; TNT ACQ DT: 6/20/2026; CASH: $10.07 | $3.1M | 0.10% | 297,300 | Common | SOLE |
| G17564108 | CRAQ | CAL REDWOOD ACQ CRP; TNT ACQ DT: 5/23/2027; CASH:$10.00 | $3.0M | 0.10% | 304,115 | Common | SOLE |
| G1993W109 | CAPN | CAYSON ACQ CRP; TNT ACQ DT:9/20/2025; CASH: $10.00 | $3.0M | 0.09% | 285,541 | Common | SOLE |
| 128125101 | CSQ | CALAMOS STRAT TOT RETURN FD | $2.9M | 0.09% | 152,674 | Common | SOLE |
| G7375C108 | RANG | RANGE CAPITAL ACQ CRP; TNT ACQ DT: 6/20/2026; CASH: $10.05 | $2.9M | 0.09% | 284,560 | Common | SOLE |
| G8118C124 | SDHI | SIDDHI ACQ CRP; TNT ACQ DT: 4/1/2027; CASH: $10.05 | $2.7M | 0.09% | 270,650 | Common | SOLE |
| G5S87A105 | LPBB | LAUNCH TWO ACQ CRP; TNT ACQ DT: 01/7/2026; CASH: $10.05 | $2.7M | 0.08% | 255,750 | Common | SOLE |
| 746922103 | PMO | PUTNAM MUNI OPPORTUNITIES | $2.6M | 0.08% | 256,492 | Common | SOLE |
| G26745102 | POLE | ANDRETTI ACQ CRP II; TNT ACQ DT: 9/6/2026; CASH: $10.05 | $2.6M | 0.08% | 243,950 | Common | SOLE |
| 48249T106 | KIO | KKR INCOME OPPORTUNITIES FUND | $2.5M | 0.08% | 201,920 | Common | SOLE |
| 09250W107 | XBMEX | BLACKROCK HEALTH SCIENCES | $2.5M | 0.08% | 68,319 | Common | SOLE |
| G6363K106 | — | NABORS ENERGY ACQ CRP II; TNT ACQ DT: 7/14/2024; CASH: $10.15 | $2.5M | 0.08% | 220,128 | Common | SOLE |
| G7552W109 | RIBB | RIBBON ACQ CRP; TNT ACQ DT: 1/15/2026; CASH: $10.00 | $2.3M | 0.07% | 225,287 | Common | SOLE |
| 09253W104 | XMYDX | BLACKROCK MUNIYIELD FUND, INC. | $2.2M | 0.07% | 209,271 | Common | SOLE |
| G2254C105 | CCIIU | COHEN CIRCLE ACQ CRP UNIT II; TNT ACQ DT: 7/1/2027; CASH: $10.00 | $2.2M | 0.07% | 210,075 | Common | SOLE |
| 27828Y108 | ETV | Eaton Vance Tax-Managed Buy-Write Opportunities Fund | $2.1M | 0.07% | 149,526 | Common | SOLE |
| g4036c106 | — | GRAF INDUSTRIAL ACQ CORP; TNT ACQ DT: 9/7/2020; CASH $10.00 | $2.1M | 0.07% | 199,275 | Common | SOLE |
| G2295P107 | COLA | COLUMBUS ACQ CRP; TNT ACQ DT: 1/22/2026; CASH: $10.00 | $2.1M | 0.07% | 201,437 | Common | SOLE |
| 410123103 | JHS | JOHN HANCOCK INCOME SECURITIES TRUST | $1.9M | 0.06% | 165,265 | Common | SOLE |
| 922907746 | VTEB | VANGUARD TAX-EXEMPT BOND ETF | $1.9M | 0.06% | 38,422 | Common | SOLE |
| G8193F109 | SZZL | SIZZLE ACQ CRP II; TNT ACQ DT: 4/2/2027; CASH: $10.00 | $1.8M | 0.06% | 179,733 | Common | SOLE |
| 09254X101 | MUJ | BlackRock MuniHoldings New Jersey Quality Fund | $1.8M | 0.06% | 153,772 | Common | SOLE |
| G7490F119 | RTACU | RENATUS TACTICAL ACQ CRP UNIT; TNT ACQ DT: 5/15/2027; CASH: $10.025 | $1.7M | 0.06% | 152,794 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR TR UNIT | $1.7M | 0.05% | 2,530 | Common | SOLE |
| G7117W107 | PACH | PIONEER ACQ CRP; TNT ACQ DT: 6/18/2027; CASH: $10.00 | $1.6M | 0.05% | 160,000 | Common | SOLE |
| G3933N116 | GTERA | GLOBA TERRA ACQ CRP; TNT ACQ DT: 10/08/2026; CASH: $10.00 | $1.5M | 0.05% | 153,577 | Common | SOLE |
| G0701G125 | BDCIU | BTC DEVELOPMENT ACQ CRP UNIT; TNT ACQ DT: 4/16/2027; CASH: $10.05 | $1.5M | 0.05% | 150,000 | Common | SOLE |
| G3852D107 | GSHR | GESHER ACQ CRP; TNT ACQ DT: 12/21/2026; CASH: $10.03 | $1.5M | 0.05% | 149,000 | Common | SOLE |
| G2867S109 | IPOD | DUNE ACQ CRP; TNT ACQ DT: 8/7/2026; CASH:$10.02 | $1.5M | 0.05% | 146,000 | Common | SOLE |
| 09247d105 | — | BLACKROCK MINVESTMENT QALITY MUNICIPAL TRUST | $1.4M | 0.04% | 123,531 | Common | SOLE |
| G1169T104 | MRLN | BLEICHROEDER STREET ACQ CRP; TNT ACQ DT: 10/31/2026; CASH: $10.00 | $1.3M | 0.04% | 122,880 | Common | SOLE |
| 870875101 | SWZ | SWISS HELVETIA FD INC COM | $1.3M | 0.04% | 206,753 | Common | SOLE |
| G2124S108 | CHPG | CHAMPIONSGATE ACQ CRP; TNT ACQ DT: 11/27/2026; CASH: $10.05 | $1.2M | 0.04% | 119,680 | Common | SOLE |
| G5304D106 | KCHV | KOCHAV DEFENSE ACQ CRP; TNT ACQ DT: 11/28/2026; CASH: $10.00 | $1.2M | 0.04% | 114,987 | Common | SOLE |
| G6486E102 | NHIC | NEWHOLD INVESTMENT ACQ CRP III; TNT ACQ DT: 2/28/2027; CASH: $10.05 | $1.1M | 0.03% | 107,600 | Common | SOLE |
| 092479104 | — | BLACKROCK MUNICIPAL INCOME QUALITY TRUST | $1.1M | 0.03% | 99,391 | Common | SOLE |
| 00301w105 | — | ABERDEEN EMERGING MARKETS EQUITY INCOME FUND INC | $1.0M | 0.03% | 161,906 | Common | SOLE |
| G4791J106 | INAC | INDIGO ACQ CRP; TNT ACQ DT: 03/30/2027; CASH: $10.00 | $1.0M | 0.03% | 105,050 | Common | SOLE |
| 09256A109 | CII | BLACKROCK ENH CAP & INC FD INC COM | $998,430 | 0.03% | 43,410 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP COM | $998,402 | 0.03% | 3,550 | Common | SOLE |
| G1368E106 | BLUW | BLUE WATER ACQ CRP III; TNT ACQ DT: 06/10/2027; CASH: $10.00 | $977,773 | 0.03% | 98,170 | Common | SOLE |
| G7633M104 | DRDB | ROMAN DBDR ACQ CRP II; TNT ACQ DT: 12/17/2026; CASH: $10.05 | $906,782 | 0.03% | 87,875 | Common | SOLE |
| G93Y09107 | — | VINE HILL CAPITAL ACQ CRP; TNT ACQ DT: 6/26/2026; CASH: $10.05 | $906,762 | 0.03% | 84,665 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP COM | $880,515 | 0.03% | 1,700 | Common | SOLE |
| 35088F107 | FORL | FOUR LEAF ACQ CRP; TNT ACQ DT: 3/17/2024; CASH: $10.30 | $842,237 | 0.03% | 73,238 | Common | SOLE |
| G82617104 | SOCA | SOLARIUS ACQ CRP; TNT ACQ DT: 4/16/2027; CASH: $10.05 | $753,125 | 0.02% | 75,615 | Common | SOLE |
| 003011103 | IAF | ABRDN AUSTRALIA EQUITY FUND | $745,627 | 0.02% | 162,446 | Common | SOLE |
| G3106N109 | FTW | EQV VENTURES ACQ CRP V; TNT ACQ DT: 8/7/2026; CASH: $10.00 | $683,004 | 0.02% | 65,800 | Common | SOLE |
| 670972108 | XNQPX | NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND | $670,860 | 0.02% | 55,905 | Common | SOLE |
| G1069P103 | BSAA | BEST SPAC ACQ CRP; TNT ACQ DT: 12/13/2026; CASH: $10.00 | $649,538 | 0.02% | 64,695 | Common | SOLE |
| 09254E103 | MYI | BlackRock MuniYield Quality Fund III | $624,917 | 0.02% | 56,400 | Common | SOLE |
| 46132C107 | VMO | INVESCO MUNICIPAL OPPORTUNITY | $592,278 | 0.02% | 61,249 | Common | SOLE |
| 78468R663 | BIL | SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | $577,108 | 0.02% | 6,290 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC COM | $567,266 | 0.02% | 1,400 | Common | SOLE |
| 532457108 | LLY | LILLY ELI & CO COM | $518,840 | 0.02% | 680 | Common | SOLE |
| 46434G103 | IEMG | ISHARES CORE MSCI EMERGING MARKETS ETF | $447,926 | 0.01% | 6,795 | Common | SOLE |
| 464288240 | ACWX | ISHARES TR MSCI ACWI EX US | $386,029 | 0.01% | 5,938 | Common | SOLE |
| 41013v100 | — | JOHN HANCOCK T/A DVD INCOME | $283,464 | 0.01% | 11,430 | Common | SOLE |
| 464287226 | AGG | ISHARES LEHMAN AGG BOND FUND | $276,690 | 0.01% | 2,760 | Common | SOLE |
| 922042742 | VT | VANGUARD TOTAL WORLD STOCK ETF | $268,021 | 0.01% | 1,945 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO COM DISNEY | $253,618 | 0.01% | 2,215 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC COM | $243,117 | 0.01% | 1,050 | Common | SOLE |
| 09254C107 | — | BLACKROCK MUNIHOLDINGS QUALITY FUND II INC | $221,823 | 0.01% | 22,050 | Common | SOLE |
| 27828A100 | XEVMX | EATON VANCE CALIFORNIA MUNICIPAL BOND FUND | $196,538 | 0.01% | 20,710 | Common | SOLE |
| 23334J107 | DTF | DTF TAX-FREE INCOME INC COM | $131,845 | 0.00% | 11,535 | Common | SOLE |
| G8192J102 | SPEG | SILVER PEGASUS ACQ CRP; TNT ACQ DT: 1/15/2027; CASH: $10.00 | $124,625 | 0.00% | 12,500 | Common | SOLE |
| 47804L102 | HEQ | JOHN HANCOCK HEDGED EQUITY & INCOME FUND | $114,093 | 0.00% | 10,713 | Common | SOLE |
| 462837105 | UCFI | IRON HORSE ACQ CRP; TNT ACQ DT: 12/29/2024; CASH; $10.00 | $112,491 | 0.00% | 10,775 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.