Karpus Management, Inc.

Q1 2014 13F-HR Holdings

Location
Pittsford, NY
Holdings as of
3/31/2014
Date filed
5/15/2014
Form type
13F-HR
Num holdings
191
Total value ($000)
$1,926,353
Net value change ($000)
+128,077 (7.1%)
New positions
17
Sold out positions
31
Turnover %
5.3%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VOO 25,897 13.7%
NZF 13,352 51.4%
VGT 13,297 NEW
BSV 10,988 NEW
WIW 9,466 54.6%
BTZ 9,394 351.4%
EVT 9,330 87.3%
VEU 8,990 NEW
CUTWATER SELECT INCOME FD 8,691 86.2%
NVG 8,263 32.5%
Top Reduces (Value $000, Stocks/ETFs)
SPY -30,657 -20.1%
SPE -13,597 -74.9%
WESTERN ASSET INFL MGMT FD I COM -9,820 -35.2%
MBB -9,680 -100.0%
VCSH -9,100 -47.7%
EOI -7,270 -100.0%
VV -6,105 -100.0%
IGSB -5,662 -55.4%
BTT -4,786 -90.1%
ALLIANCEBERNSTEIN INCOME FUN -4,727 -5.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type