Q4 2025 · 13F-HR/A
Karpus Management, Inc.holdings as filed
Filed 2026-02-17 · accession 0001072613-26-000189
$3.26B
Reported value
214
Positions
2025-12-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 922908363 | VOO | VANGUARD INDEX FDS S&P 500 ETF SH | $265.2M | 8.15% | 422,908 | Common | SOLE |
| 921937793 | BLV | VANGUARD BD INDEX FD INC LONG TERM BOND | $136.6M | 4.19% | 1,964,668 | Common | SOLE |
| 09257P105 | BTT | BLACKROCK 2030 MUNICIPAL TARGET TERM TRUST | $105.4M | 3.24% | 4,618,725 | Common | SOLE |
| 09253N104 | MHD | BLACKROCK MUNIHOLDINGS FUND INC | $99.7M | 3.06% | 8,490,550 | Common | SOLE |
| 922908751 | VB | VANGUARD INDEX FDS SMALL CP ETF | $86.3M | 2.65% | 334,706 | Common | SOLE |
| 464287200 | IVV | ISHARES CORE S&P500 ETF | $72.5M | 2.23% | 105,868 | Common | SOLE |
| 922042858 | VWO | VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF | $69.6M | 2.14% | 1,294,118 | Common | SOLE |
| 03464A100 | FINS | ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUST | $68.0M | 2.09% | 5,151,041 | Common | SOLE |
| 922042775 | VEU | VANGUARD INTL EQUITY INDEX FD ALLWRLD EX US | $67.9M | 2.09% | 923,254 | Common | SOLE |
| 95766Q106 | XWIAX | WESTERN ASSET CLYM INFL SEC IN COM SH BEN INT | $67.3M | 2.07% | 8,143,596 | Common | SOLE |
| G1000R101 | AAM | AA MISSION ACQ CRP; TNT ACQ DT: 8/1/2026; CASH: $10.05 | $61.0M | 1.87% | 5,717,512 | Common | SOLE |
| 09253R105 | XMVFX | BLACKROCK MUNIVEST FUND | $57.9M | 1.78% | 8,350,955 | Common | SOLE |
| 09254L107 | MUC | BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND | $57.1M | 1.75% | 5,389,509 | Common | SOLE |
| 09249N101 | BLE | BLACKROCK MUN INC TRUST II | $51.1M | 1.57% | 4,897,546 | Common | SOLE |
| 09248F109 | — | BLACKROCK MUNICIPAL INCOME TRUST | $49.7M | 1.53% | 4,953,591 | Common | SOLE |
| 921937835 | BND | VANGUARD BD INDEX FD INC TOTAL BND MRKT | $49.3M | 1.51% | 665,035 | Common | SOLE |
| 670699107 | QQQX | NUVEEN NAS100 DYN OVERWRT FD | $47.7M | 1.46% | 1,670,779 | Common | SOLE |
| 36242H104 | XGDVX | GABELLI DIVD & INCOME TR COM | $45.9M | 1.41% | 1,651,516 | Common | SOLE |
| 464287440 | IEF | ISHARES LEHMAN 7-10YR TREAS | $45.8M | 1.41% | 476,221 | Common | SOLE |
| 64133Q108 | NBXG | NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND | $44.4M | 1.36% | 3,075,844 | Common | SOLE |
| 922907712 | VCRM | VANGUARD CORE TAX EXEMPT BOND ETF | $41.9M | 1.29% | 554,144 | Common | SOLE |
| 09255C106 | — | BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND INC | $37.5M | 1.15% | 3,663,762 | Common | SOLE |
| G5451A103 | LEGT | LEGATO ACQ CRP III; TNT ACQ DT: 2/08/2026; CASH: $10.00 | $36.3M | 1.11% | 3,333,541 | Common | SOLE |
| 670656107 | NRK | NUVEEN NY AMT FREE MUN INCOME COM | $35.7M | 1.10% | 3,536,744 | Common | SOLE |
| 922908736 | VUG | VANGUARD GROWTH ETF | $35.6M | 1.09% | 72,958 | Common | SOLE |
| 46434V738 | IEUR | ISHARES TR CORE MSCI EURO | $34.6M | 1.06% | 488,052 | Common | SOLE |
| 922042866 | VPL | VANGUARD FTSE PACIFIC ETF | $34.3M | 1.05% | 379,849 | Common | SOLE |
| 27827X101 | EIM | EATON VANCE MUN BD FD COM | $34.1M | 1.05% | 3,506,586 | Common | SOLE |
| 233368109 | KTF | DWS MUNICIPAL INCOME TRUST | $33.8M | 1.04% | 3,715,549 | Common | SOLE |
| 464287622 | IWB | ISHARES RUSSELL 1000 ETF | $31.7M | 0.97% | 84,998 | Common | SOLE |
| 922908769 | VTI | VANGUARD INDEX FDS TOTAL STK MKT | $31.6M | 0.97% | 94,356 | Common | SOLE |
| 921935870 | VTES | VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF | $26.7M | 0.82% | 262,800 | Common | SOLE |
| G2847J104 | DMAA | DRUGS MADE IN AMERICA ACQ CRP: 4/28/2026; CASH: $10.05 | $26.3M | 0.81% | 2,538,642 | Common | SOLE |
| 128125101 | CSQ | CALAMOS STRAT TOT RETURN FD | $25.8M | 0.79% | 1,345,804 | Common | SOLE |
| G75389109 | RFAI | RF ACQUISITION CORP II. TNT ACQ DT: 11/21/2025; CASH: $10.05 | $25.7M | 0.79% | 2,397,033 | Common | SOLE |
| G4035N103 | GPAT | GP-ACT III ACQ CRP; TNT ACQ DT: 5/10/2026; CASH: $10.00 | $24.9M | 0.77% | 2,331,866 | Common | SOLE |
| 09255E102 | MYN | BLACKROCK MUNIYIELD NEW YORK QUALITY FUND INC | $24.3M | 0.75% | 2,455,847 | Common | SOLE |
| G7314B104 | QSEA | QUARTZSEA ACQ CRP; TNT ACQ DT: 6/18/2026; CASH: $10.00 | $23.2M | 0.71% | 2,263,880 | Common | SOLE |
| 922042874 | VGK | VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF | $23.0M | 0.71% | 275,400 | Common | SOLE |
| G86880104 | TAVI | TAVIA ACQ CRP; TNT ACQ DT: 6/4/2026; CASH: $10.05 | $22.9M | 0.70% | 2,193,702 | Common | SOLE |
| 09258G104 | BST | BLACKROCK SCIENCE & TECH TR | $22.0M | 0.68% | 543,547 | Common | SOLE |
| 81369Y605 | XLF | FINANCIAL SELECT SECTOR SPDR | $21.9M | 0.67% | 399,770 | Common | SOLE |
| 09247F209 | BKT | BLACKROCK INCOME TR INC COM | $20.6M | 0.63% | 1,861,660 | Common | SOLE |
| 78468R739 | SHM | SPDR SER TR NUVN BR SHT MUNI | $19.1M | 0.59% | 398,706 | Common | SOLE |
| G0131Y100 | ANSC | AGRICULTURE & NATURAL SOLUTIONS ACQ CRP; TNT ACQ DT: 11/10/2025; CASH: $10.00 | $18.9M | 0.58% | 1,685,893 | Common | SOLE |
| 92204A702 | VGT | VANGUARD WORLD FDS INF TECH ETF | $18.8M | 0.58% | 24,977 | Common | SOLE |
| 529900102 | ASG | LIBERTY ALL-STAR GROWTH FD | $18.6M | 0.57% | 3,517,079 | Common | SOLE |
| 27828U106 | ETO | EATON VANCE TAX-ADV GLOBAL DIV OPP FUND | $18.6M | 0.57% | 612,728 | Common | SOLE |
| G8431T101 | SIMA | SIM ACQ CRP; TNT ACQ DT8/30/2024 7/12/2026; CASH $10.00 | $18.4M | 0.56% | 1,735,497 | Common | SOLE |
| 09249E101 | BHK | BLACKROCK CORE BD TR SHS BEN INT | $18.1M | 0.55% | 1,883,365 | Common | SOLE |
| G5354C107 | LKSP | LAKE SUPERIOR ACQ CRP; TNT ACQ DT: 4/7/2027; CASH: $10.00 | $17.7M | 0.54% | 1,782,358 | Common | SOLE |
| 09248l106 | — | BLACKROCK NEW YORK MUNICIPAL INCOME TRUST | $16.8M | 0.51% | 1,653,365 | Common | SOLE |
| 01864u106 | — | ALLIANCE NATIONAL MUNICIPAL INCOME FUND | $16.7M | 0.51% | 1,539,698 | Common | SOLE |
| G24243100 | COPL | COPLEY ACQ CRP; TNT ACQ DT: 4/30/2027; CASH: $10.05 | $15.7M | 0.48% | 1,535,003 | Common | SOLE |
| 464286509 | EWC | ISHARES MSCI CDA ETF | $15.5M | 0.48% | 286,858 | Common | SOLE |
| 27829C105 | ETW | Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | $15.1M | 0.46% | 1,635,014 | Common | SOLE |
| 46641Q217 | BBJP | JPMORGAN BETABUILDERS JAPAN ETF | $14.9M | 0.46% | 226,543 | Common | SOLE |
| G9877L107 | CHAR | CHARLTON ASIA ACQ CRP; TNT ACQ DT: 04/24/2026; CASH: $10.025 | $14.9M | 0.46% | 1,423,967 | Common | SOLE |
| 092524107 | XBGYX | BLACKROCK ENHANCED INTERNATIONAL DIVIDEND TRUST | $14.8M | 0.45% | 2,513,036 | Common | SOLE |
| 69374H709 | GCOW | PACER GLOBAL CASH COWS DIVIDEND | $14.6M | 0.45% | 353,352 | Common | SOLE |
| 12811L107 | CHW | CALAMOS GLOBAL DYNAMIC INCOME FUND | $14.4M | 0.44% | 1,941,888 | Common | SOLE |
| G52443119 | KVAC | KEEN VISION ACQ CRP; TNT ACQ DT: 4/25/2024; CASH: $10.13 | $14.4M | 0.44% | 1,224,460 | Common | SOLE |
| 092501105 | XBOEX | BLACKROCK ENHANCED GLOBAL DIVIDEND TRUST | $14.3M | 0.44% | 1,222,780 | Common | SOLE |
| 27829F108 | XEXGX | EATON VANCE TAX-MAN GLOBAL EQUITY FUND | $14.0M | 0.43% | 1,467,837 | Common | SOLE |
| G52258111 | KFII | K&F GROWTH ACQ CRP; TNT ACQ DT: 11/05/2026; CASH: $10.05 | $13.7M | 0.42% | 1,328,387 | Common | SOLE |
| 72200N106 | XPCQX | PIMCO CALIFORNIA MUNICIPAL INC | $13.6M | 0.42% | 1,554,343 | Common | SOLE |
| 464286608 | EZU | ISHARES EMU ETF | $13.5M | 0.41% | 210,019 | Common | SOLE |
| G01336109 | AIIA | AI INFRASTRUCTURE ACQ CRP; TNT ACQ DT: 4/3/2027; CASH: $10.00 | $12.3M | 0.38% | 1,241,923 | Common | SOLE |
| G6005T101 | MKLY | MCKINLEY ACQ CRP; TNT ACQ DT: 8/12/2027; CASH: $10.00 | $12.2M | 0.38% | 1,226,785 | Common | SOLE |
| G6004G100 | MACI | MELAR ACQ CRP; TNT ACQ DT: 6/18/2025; CASH: $10.00 | $12.2M | 0.37% | 1,145,155 | Common | SOLE |
| G5S86M100 | LPAA | LAUNCH ONE ACP CRP; TNT ACQ DT: 7/12/2026; CASH: $10.00 | $11.8M | 0.36% | 1,115,800 | Common | SOLE |
| 530158104 | USA | LIBERTY ALL-STAR EQUITY FUND | $11.5M | 0.35% | 1,830,510 | Common | SOLE |
| 55273C107 | MIN | MFS INTER INCOME TR SH BEN INT | $11.4M | 0.35% | 4,385,724 | Common | SOLE |
| G5501C109 | CUB | LIONHEART HOLDINGS ACQ CRP; TNT ACQ DT: 6/18/2026; CASH $10.00 | $11.4M | 0.35% | 1,076,675 | Common | SOLE |
| G2851K104 | DMII | DRUGS MADE IN AMERICA ACQ CRP II; TNT ACQ DT: 9/25/2027; CASH: $10.00 | $11.3M | 0.35% | 1,143,625 | Common | SOLE |
| 27828G107 | XEVTX | EATON VANCE TAX-ADV DVD INC | $10.8M | 0.33% | 430,276 | Common | SOLE |
| G6001J107 | IPEX | INFLECTION POINT ACQUISITION CORP. V | $10.5M | 0.32% | 1,016,543 | Common | SOLE |
| 617468103 | XCAFX | MS CHINA A SHARE | $9.7M | 0.30% | 556,731 | Common | SOLE |
| G3933N116 | GTERA | GLOBA TERRA ACQ CRP; TNT ACQ DT: 10/08/2026; CASH: $10.00 | $9.7M | 0.30% | 956,762 | Common | SOLE |
| 88018T101 | TDF | TEMPLETON DRAGON FD INC COM | $9.6M | 0.30% | 855,995 | Common | SOLE |
| 27828s101 | — | EATON VANCE TAX-ADV GLOBAL DIV INCOME FUND | $9.6M | 0.30% | 417,229 | Common | SOLE |
| 94987C103 | EOD | ALLSPRING GLOBAL DIVIDEND OPPORTUNITY FUND | $9.6M | 0.29% | 1,641,368 | Common | SOLE |
| G3037D105 | EMIS | EMMIS ACQ CRP; TNT ACQ DT: 3/25/2027; CASH: $10.00 | $9.1M | 0.28% | 913,836 | Common | SOLE |
| 46429B523 | EDEN | ISHARES MSCI DENMARK ETF | $8.9M | 0.27% | 77,516 | Common | SOLE |
| G8089R100 | PGAC | PANTAGES CAPITAL ACQUISITION C | $8.8M | 0.27% | 844,700 | Common | SOLE |
| 464286772 | EWY | ISHARES MSCI SOUTH KOREA IND | $8.7M | 0.27% | 89,087 | Common | SOLE |
| 09253W104 | XMYDX | BLACKROCK MUNIYIELD FUND, INC. | $8.6M | 0.26% | 815,853 | Common | SOLE |
| G67751100 | ORIQ | ORIGIN ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.10 | $8.3M | 0.25% | 819,444 | Common | SOLE |
| 26433C105 | DPG | Duff & Phelps Utility & Inc | $8.3M | 0.25% | 651,743 | Common | SOLE |
| G1514D101 | YHNA | YHN ACQ CRP; TNT ACQ DT: 12/18/2025; CASH: $10.05 | $8.1M | 0.25% | 767,026 | Common | SOLE |
| 12664M103 | NOEM | CO2 ENERGY TRANSITION ACQ CRP; TNT ACQ DT: 5/21/2026; CASH: $10.05 | $8.0M | 0.25% | 780,246 | Common | SOLE |
| G2086N105 | CHEC | CHENGHE ACQ CRP III; TNT ACQ DT: 3/16/2027; CASH: $10.00 | $7.9M | 0.24% | 795,850 | Common | SOLE |
| 464287861 | IEV | ISHARES EUROPE ETF | $7.9M | 0.24% | 115,456 | Common | SOLE |
| G3530C109 | FSHP | FLAG SHIP ACQ CRP; TNT ACQ DT: 6/18/2025; CASH $10.00 | $7.9M | 0.24% | 736,350 | Common | SOLE |
| G5304D106 | KCHV | KOCHAV DEFENSE ACQ CRP; TNT ACQ DT: 11/28/2026; CASH: $10.00 | $7.7M | 0.24% | 764,019 | Common | SOLE |
| 09254F100 | MQY | BLACKROCK MUNIYIELD QUALITY | $7.7M | 0.24% | 683,812 | Common | SOLE |
| G6858G107 | OBA | OXLEY BRIDGE ACQ CRP; TNT ACQ DT: 6/25/2027; CASH: $10.00 | $7.7M | 0.24% | 766,400 | Common | SOLE |
| 56064Q107 | MEGI | MainStay CBRE GLOBAL INFRASTRUCTURE MEGATRENDS FUND | $7.7M | 0.24% | 558,942 | Common | SOLE |
| G7576K107 | RDAC | Rising Dragon Acquisition Corp | $7.7M | 0.24% | 736,550 | Common | SOLE |
| G6375X104 | NMP | NMP ACQ CRP; TNT ACQ DT: 1/2/2027; CASH: $10.00 | $7.7M | 0.24% | 767,290 | Common | SOLE |
| 09254G108 | XMQTX | BLACKROCK MUNIYELD QUALITY FUND II | $7.5M | 0.23% | 746,841 | Common | SOLE |
| 09254C107 | — | BLACKROCK MUNIHOLDINGS QUALITY FUND II INC | $7.3M | 0.22% | 726,931 | Common | SOLE |
| G93A7H104 | VACH | VOYAGER ACQ CRP; TNT ACQ DT: 8/9/2026; CASH: $10.05 | $7.1M | 0.22% | 667,716 | Common | SOLE |
| 46434v621 | — | ISHARES CORE DIVIDEND GROWTH ETF | $7.1M | 0.22% | 102,418 | Common | SOLE |
| G2574F119 | CRAC | CROWN RESERVE ACQUSITION CORP | $7.1M | 0.22% | 713,825 | Common | SOLE |
| G7134A104 | PLMK | PLUM ACQ CRP IV; TNT ACQ DT: 7/15/2026; CASH: $10.10 | $7.0M | 0.22% | 672,200 | Common | SOLE |
| 464286400 | EWZ | ISHARES BRAZIL ETF | $6.9M | 0.21% | 217,760 | Common | SOLE |
| G6861F104 | OYSE | OYSTER ENTERPRICES ACQ CRP II; TNT ACQ DT: 5/22/2027; CASH: $10.00 | $6.8M | 0.21% | 673,111 | Common | SOLE |
| G1331A108 | BACC | BLUE ACQ CRP; TNT ACQ DT: 03/13/2027; CASH: $10.00 | $6.7M | 0.20% | 652,415 | Common | SOLE |
| G4791J106 | INAC | INDIGO ACQ CRP; TNT ACQ DT: 03/30/2027; CASH: $10.00 | $6.6M | 0.20% | 658,772 | Common | SOLE |
| G04819101 | ENHA | A PARADISE ACQ CRP; TTNT ACQ DT: 7/30/2027; CASH: $10.00 | $6.6M | 0.20% | 654,061 | Common | SOLE |
| G6301B101 | MLAC | MOUNTAIN LAKE ACQ CRP; TNT ACQ DT: 6/13/2026; CASH: $10.05 | $6.5M | 0.20% | 620,220 | Common | SOLE |
| G9580A109 | VNME | VENDOME ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.00 | $6.4M | 0.20% | 639,753 | Common | SOLE |
| G9008W105 | TDAC | TRIDENT ACQ CORP; TNT ACQ DATE: 11/30/19; CASH $10.20 | $6.4M | 0.20% | 613,425 | Common | SOLE |
| 47109U104 | JOF | JAPAN SMALLER CAPTLZTN FD INC COM | $6.3M | 0.19% | 566,415 | Common | SOLE |
| G6439S109 | NTWO | NEWBURY STREET ACQ CRP II; TNT ACQ DT: 10/31/2026; CASH: $10.05 | $6.0M | 0.19% | 578,387 | Common | SOLE |
| G82745103 | SOUL | SOULPOWER ACQ CRP; TNT ACQ DT: 4/2/2027; CASH: $10.00 | $5.9M | 0.18% | 582,640 | Common | SOLE |
| 092479104 | — | BLACKROCK MUNICIPAL INCOME QUALITY TRUST | $5.9M | 0.18% | 539,666 | Common | SOLE |
| 09662E109 | DSM | BNY MELLON STRATEGIC MUNICIPAL BOND FUND INC | $5.9M | 0.18% | 951,272 | Common | SOLE |
| 09250W107 | XBMEX | BLACKROCK HEALTH SCIENCES | $5.8M | 0.18% | 141,658 | Common | SOLE |
| G0R38G104 | XRPN | ARMADA ACQ CRP II; TNT ACQ DT: 5/16/2027; CASH: $10.00 | $5.6M | 0.17% | 547,500 | Common | SOLE |
| 09247d105 | — | BLACKROCK MINVESTMENT QALITY MUNICIPAL TRUST | $5.5M | 0.17% | 493,618 | Common | SOLE |
| 92840R101 | NFJ | Virtus DVD Intrst & PRM STR | $5.3M | 0.16% | 413,044 | Common | SOLE |
| G87890102 | TVAI | THAYER VENTURES ACQ CRP II; TNT ACQ DT:3/15/2027; CASH:$10.00 | $5.3M | 0.16% | 523,600 | Common | SOLE |
| 552939100 | MGF | MFS GOVT MKTS INCOME TR SH BEN INT | $5.1M | 0.16% | 1,686,089 | Common | SOLE |
| 101507101 | STEW | SRH TOTAL RETURN FUND INC | $5.1M | 0.16% | 274,910 | Common | SOLE |
| G37068106 | FVN | FUTURE VISION ACQ CRP II; TNT ACQ DT: 03/21/2026; CASH: $10.05 | $5.1M | 0.16% | 480,644 | Common | SOLE |
| G1771C101 | ALIS | CALISA ACQ CRP; TNT ACQ DT: 4/22/2027; CASH: $10.00 | $5.0M | 0.15% | 500,375 | Common | SOLE |
| G7387B106 | QUMS | QUANTUMSPHERE ACQ CRP; TNT ACQ DT: 2/6/2027; CASH: $10.00 | $4.9M | 0.15% | 494,350 | Common | SOLE |
| G7117W107 | PACH | PIONEER ACQ CRP; TNT ACQ DT: 6/18/2027; CASH: $10.00 | $4.8M | 0.15% | 481,088 | Common | SOLE |
| 09260K101 | BSTZ | BLACKROCK SCIENCE AND TECHNOLOGY TRUST II | $4.8M | 0.15% | 212,726 | Common | SOLE |
| 921937827 | BSV | VANGUARD BD INDEX FD INC SHORT TRM BOND | $4.8M | 0.15% | 60,295 | Common | SOLE |
| 09253T101 | XMVTX | BLACKROCK MUNIVEST FUND II | $4.7M | 0.15% | 438,019 | Common | SOLE |
| 61745C105 | IIF | MORGAN STANLEY INDIA INVS FD COM | $4.3M | 0.13% | 173,700 | Common | SOLE |
| 410123103 | JHS | JOHN HANCOCK INCOME SECURITIES TRUST | $4.3M | 0.13% | 369,608 | Common | SOLE |
| 92835W107 | ZTR | VIRTUS GLOBAL DIVIDEND & INCOME FUND | $4.3M | 0.13% | 677,225 | Common | SOLE |
| 644465106 | GF | NEW GERMANY FUND | $4.2M | 0.13% | 368,998 | Common | SOLE |
| 874036106 | TWN | TAIWAN FD INC COM | $4.1M | 0.13% | 77,700 | Common | SOLE |
| 09254E103 | MYI | BlackRock MuniYield Quality Fund III | $4.1M | 0.13% | 375,708 | Common | SOLE |
| G8192J102 | SPEG | SILVER PEGASUS ACQ CRP; TNT ACQ DT: 1/15/2027; CASH: $10.00 | $4.1M | 0.12% | 404,542 | Common | SOLE |
| 19842X109 | STK | COLUMBIA SELIGMAN PREMIUM TECH | $3.8M | 0.12% | 103,580 | Common | SOLE |
| G8901A103 | TACH | TITAN ACQ CRP; TNT ACQ DT: 4/8/2027; CASH: $10.05 | $3.7M | 0.11% | 356,100 | Common | SOLE |
| G32168109 | EURK | EUREKA ACQ CRP; TNT ACQ DT: 1/12/2026; CASH $10.00 | $3.6M | 0.11% | 326,275 | Common | SOLE |
| G17564108 | CRAQ | CAL REDWOOD ACQ CRP; TNT ACQ DT: 5/23/2027; CASH:$10.00 | $3.5M | 0.11% | 346,940 | Common | SOLE |
| G6993G103 | — | PELICAN ACQ CRP; TNT ACQ DT: 8/23/2026; CASH: $10.00 | $3.5M | 0.11% | 344,025 | Common | SOLE |
| 76883Y107 | RFMZ | RIVERNORTH FLEXIBLE MUNICIPAL INCOME FUND II | $3.3M | 0.10% | 263,585 | Common | SOLE |
| 003011111 | IAF | ABRDN AUSTRALIA EQUITY FUND | $3.3M | 0.10% | 251,962 | Common | SOLE |
| G0R38G120 | XRPNU | ARMADA CQ CRP UNIT II; TNT ACQ DT: 5/16/2027; CASH: $10.00 | $3.2M | 0.10% | 299,800 | Common | SOLE |
| 337318109 | FFA | First Trust ENH Equity Inc | $3.1M | 0.10% | 142,180 | Common | SOLE |
| G5353S103 | LCCC | LAKESHORE ACQ CRP III; TNT ACQ DT: 7/30/2026; CASH:$10.00 | $3.1M | 0.09% | 301,350 | Common | SOLE |
| 09248E102 | XBFZX | BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST | $3.1M | 0.09% | 285,799 | Common | SOLE |
| G93Y0A104 | UYSC | UY SCUTI ACQ CRP; TNT ACQ DT: 9/30/2026; CASH: $10.00 | $3.1M | 0.09% | 298,856 | Common | SOLE |
| G8475V103 | SVCC | STELLAR V CAPITAL ACQ CRP; TNT ACQ DT: 6/20/2026; CASH: $10.07 | $3.1M | 0.09% | 295,500 | Common | SOLE |
| G1993W109 | CAPN | CAYSON ACQ CRP; TNT ACQ DT:9/20/2025; CASH: $10.00 | $3.0M | 0.09% | 284,189 | Common | SOLE |
| G8118C124 | SDHI | SIDDHI ACQ CRP; TNT ACQ DT: 4/1/2027; CASH: $10.05 | $2.8M | 0.09% | 270,650 | Common | SOLE |
| G7375C108 | RANG | RANGE CAPITAL ACQ CRP; TNT ACQ DT: 6/20/2026; CASH: $10.05 | $2.8M | 0.08% | 265,540 | Common | SOLE |
| G82617104 | SOCA | SOLARIUS ACQ CRP; TNT ACQ DT: 4/16/2027; CASH: $10.05 | $2.7M | 0.08% | 268,615 | Common | SOLE |
| G1368E106 | BLUW | BLUE WATER ACQ CRP III; TNT ACQ DT: 06/10/2027; CASH: $10.00 | $2.7M | 0.08% | 259,820 | 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 |
| G26745102 | POLE | ANDRETTI ACQ CRP II; TNT ACQ DT: 9/6/2026; CASH: $10.05 | $2.5M | 0.08% | 238,950 | Common | SOLE |
| G7552W109 | RIBB | RIBBON ACQ CRP; TNT ACQ DT: 1/15/2026; CASH: $10.00 | $2.3M | 0.07% | 218,287 | Common | SOLE |
| g4036c106 | — | GRAF INDUSTRIAL ACQ CORP; TNT ACQ DT: 9/7/2020; CASH $10.00 | $2.1M | 0.06% | 195,400 | Common | SOLE |
| 48249T106 | KIO | KKR INCOME OPPORTUNITIES FUND | $2.0M | 0.06% | 175,388 | Common | SOLE |
| G2254C105 | CCIIU | COHEN CIRCLE ACQ CRP UNIT II; TNT ACQ DT: 7/1/2027; CASH: $10.00 | $1.8M | 0.06% | 175,150 | 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 |
| 95790A101 | IGI | WESTERN ASSET INV GRA DEF OP | $1.8M | 0.06% | 109,933 | Common | SOLE |
| G1069P103 | BSAA | BEST SPAC ACQ CRP; TNT ACQ DT: 12/13/2026; CASH: $10.00 | $1.7M | 0.05% | 171,195 | Common | SOLE |
| 746922103 | PMO | PUTNAM MUNI OPPORTUNITIES | $1.7M | 0.05% | 161,566 | Common | SOLE |
| 922907746 | VTEB | VANGUARD TAX-EXEMPT BOND ETF | $1.7M | 0.05% | 33,922 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR TR UNIT | $1.6M | 0.05% | 2,390 | Common | SOLE |
| G7490F119 | RTACU | RENATUS TACTICAL ACQ CRP UNIT; TNT ACQ DT: 5/15/2027; CASH: $10.025 | $1.6M | 0.05% | 145,494 | 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 |
| G0701G125 | BDCIU | BTC DEVELOPMENT ACQ CRP UNIT; TNT ACQ DT: 4/16/2027; CASH: $10.05 | $1.5M | 0.05% | 146,650 | Common | SOLE |
| G2124S108 | CHPG | CHAMPIONSGATE ACQ CRP; TNT ACQ DT: 11/27/2026; CASH: $10.05 | $1.4M | 0.04% | 137,980 | Common | SOLE |
| G3473K100 | FIGX | FIGX CAPITAL ACQ CRP; TNT ACQ DT: 6/27/2027; CASH: $10.00 | $1.1M | 0.03% | 112,766 | Common | SOLE |
| G6486E102 | NHIC | NEWHOLD INVESTMENT ACQ CRP III; TNT ACQ DT: 2/28/2027; CASH: $10.05 | $1.1M | 0.03% | 101,800 | Common | SOLE |
| G2853N106 | DTSQ | DT CLOUD STAR ACQ CRP; TNT ACQ DT: 10/25/2025; CASH: $10.05 | $1.0M | 0.03% | 96,600 | Common | SOLE |
| G0750N104 | AXIN | AXIOM INTELLGENCE ACQ CRP; TNT ACQ DT: 6/18/2027; CASH: $10.00 | $1.0M | 0.03% | 102,500 | Common | SOLE |
| G4330A103 | HAVA | HARVARD AVE ACQ CRP; TNT ACQ DT: 4/30/2027; CASH:$10.00 | $984,560 | 0.03% | 99,150 | Common | SOLE |
| G85096108 | APAC | STONEBRIDGE ACQ CRP II; TNT ACQ DT: 4/3/2027; CASH: $10.00 | $962,911 | 0.03% | 96,775 | Common | SOLE |
| 67190B104 | OAKU | OAK WOODS ACQ CRP; TNT ACQ DT: 3/24/2024; CASH: $10.175 | $928,070 | 0.03% | 76,700 | Common | SOLE |
| G7633M104 | DRDB | ROMAN DBDR ACQ CRP II; TNT ACQ DT: 12/17/2026; CASH: $10.05 | $910,800 | 0.03% | 87,325 | Common | SOLE |
| G3864J100 | GIW | GIGCAPITAL8 ACQ CRP ; TNT ACQ DT: 10/6/2027; CASH: $10.00 | $889,606 | 0.03% | 89,950 | Common | SOLE |
| G01341109 | AFJK | AIMEI ACQ CRP; TNT ACQ DT: 12/02/2024; CASH: $10.10 | $887,713 | 0.03% | 78,075 | Common | SOLE |
| 35088F107 | FORL | FOUR LEAF ACQ CRP; TNT ACQ DT: 3/17/2024; CASH: $10.30 | $843,702 | 0.03% | 73,238 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP COM | $822,154 | 0.03% | 1,700 | Common | SOLE |
| 67090X107 | JCE | NUVEEN CORE EQUITY ALPHA FUND COM | $782,287 | 0.02% | 49,077 | Common | SOLE |
| 532457108 | LLY | LILLY ELI & CO COM | $730,782 | 0.02% | 680 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP COM | $691,931 | 0.02% | 3,550 | Common | SOLE |
| G3106N109 | FTW | EQV VENTURES ACQ CRPV; TNT ACQ DT: 8/7/2026; CASH: $10.00 | $690,242 | 0.02% | 65,800 | Common | SOLE |
| 64124P101 | NBH | NUEBERGER BERMAN MUNICIPAL FUND INC | $690,174 | 0.02% | 68,199 | Common | SOLE |
| G1000S109 | YCY | AA MISSION ACQ CRP II; TNT ACQ DT: 10/1/2027; CASH: $10.00 | $664,489 | 0.02% | 66,850 | Common | SOLE |
| 78468R663 | BIL | SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | $574,780 | 0.02% | 6,290 | Common | SOLE |
| G7309T102 | PAII | PYROPHYTE ACQ CRP; TNT ACQ DT: 7/17/2027; CASH: $10.00 | $503,000 | 0.02% | 50,000 | Common | SOLE |
| G04104116 | APXTU | APEX TREASURY ACQ CRP UNIT; TNT ACQ DT: 10/28/2027; CASH: $10.00 | $497,247 | 0.02% | 49,675 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC COM | $481,740 | 0.01% | 1,400 | Common | SOLE |
| 46434G103 | IEMG | ISHARES CORE MSCI EMERGING MARKETS ETF | $443,988 | 0.01% | 6,605 | Common | SOLE |
| 464288240 | ACWX | ISHARES TR MSCI ACWI EX US | $398,417 | 0.01% | 5,935 | Common | SOLE |
| 704326107 | PAYX | PAYCHEX INC | $369,072 | 0.01% | 3,290 | Common | SOLE |
| 464287226 | AGG | ISHARES LEHMAN AGG BOND FUND | $343,088 | 0.01% | 3,435 | Common | SOLE |
| G2295P107 | COLA | COLUMBUS ACQ CRP; TNT ACQ DT: 1/22/2026; CASH: $10.00 | $315,785 | 0.01% | 30,399 | Common | SOLE |
| 00301w105 | — | ABERDEEN EMERGING MARKETS EQUITY INCOME FUND INC | $286,629 | 0.01% | 40,947 | Common | SOLE |
| G53426105 | LAFA | LAFAYETTE ACQUISTION CORP | $273,141 | 0.01% | 27,590 | Common | SOLE |
| 922042742 | VT | VANGUARD TOTAL WORLD STOCK ETF | $261,666 | 0.01% | 1,855 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO COM DISNEY | $252,001 | 0.01% | 2,215 | Common | SOLE |
| 23334J107 | DTF | DTF TAX-FREE INCOME INC COM | $240,174 | 0.01% | 21,031 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC COM | $239,915 | 0.01% | 1,050 | Common | SOLE |
| 031162100 | AMGN | AMGEN INC COM | $222,571 | 0.01% | 680 | Common | SOLE |
| G4814G121 | DYORU | INSIGHT DIGITAL PARTNERS ACQ CRP II UNIT; TNT ACQ DT: 10/29/2027; CASH: $10.00 | $196,869 | 0.01% | 19,550 | Common | SOLE |
| 746853100 | PPT | PUTNAM PREMIER INCOME TRUST | $154,032 | 0.00% | 43,512 | Common | SOLE |
| G3R25N108 | LATA | GALATA ACQ CRP II; TNT ACQ DT: 9/19/2027; CASH: $10.00 | $148,800 | 0.00% | 15,000 | Common | SOLE |
| 00326l100 | — | ABERDEEN TOTAL DYNAMIC DIVID | $133,039 | 0.00% | 13,645 | Common | SOLE |
| G2616F101 | BCAR | D BORAL ARC ACQ CRP; TNT ACQ DT: 4/30/2027; CASH: $10.00 | $105,315 | 0.00% | 10,500 | 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.