Institutional Manager · CIK 0001504304
Bulldog Investors, LLP
SADDLE BROOK, NJ · File #028-15290
Latest AUM
$449.0M
Positions
223
Top-10 Concentration
45.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | ALLIANCEBERNSTEIN NATL MUN I | 01864U106 | -920,625 | -$10.0M | -$27,904 |
| ADD | TEXAS PACIFIC LAND CORPORATI | TPL | +22,000 | +$6.3M | -$6.3M |
| ADD | BNY MELLON STRATEGIC MUNS IN | 05588W108 | +755,380 | +$4.8M | +$79,764 |
| EXITED | EATON VANCE NEW YORK MUN BD | 27827Y109 | -484,023 | -$4.8M | $0 |
| ADD | BNY MELLON STRATEGIC MUN BD | 09662E109 | +683,653 | +$4.2M | +$656,109 |
| EXITED | EQV VENTURES ACQUISITION COR | G3106N109 | -402,200 | -$4.2M | $0 |
| NEW | JOHN HANCOCK DIVERSIFIED INC | HEQ | +381,764 | +$4.1M | $0 |
| NEW | BLUEROCK PVT REAL ESTATE FD | 09631P102 | +242,504 | +$3.6M | $0 |
| ADD | FS KKR CAP CORP | FSK | +245,234 | +$3.6M | -$28,934 |
| EXITED | M3BRIGADE ACQUISITION V CORP | G63212107 | -326,877 | -$3.4M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025223 pos · $449.0M
- 13F HOLDINGS REPORTQ/E Sep 2025198 pos · $432.1M
- 13F HOLDINGS REPORTQ/E Jun 2025171 pos · $395.5M
- 13F HOLDINGS REPORTQ/E Mar 2025142 pos · $369.6M
- 13F HOLDINGS REPORTQ/E Dec 2024142 pos · $382.9M
- 13F HOLDINGS REPORTQ/E Sep 2024141 pos · $297.4M
- 13F HOLDINGS REPORTQ/E Jun 2024142 pos · $267.6M
- 13F HOLDINGS REPORTQ/E Mar 2024161 pos · $302.6M
- 13F HOLDINGS REPORTQ/E Dec 2023210 pos · $288.0M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | SRH TOTAL RETURN FUND INC | STEW | 1,243,823 | $23.1M | 6.66% |
| 2 | BNY MELLON STRATEGIC MUN BD | 09662E109 | 3,308,091 | $20.4M | 5.90% |
| 3 | CENTRAL SECS CORP | 155123102 | 390,946 | $19.8M | 5.73% |
| 4 | GENERAL AMERN INVS CO INC | 368802104 | 296,960 | $17.4M | 5.04% |
| 5 | NEUBERGER NEXT GENERATION | NBXG | 1,168,126 | $16.9M | 4.87% |
| 6 | CION INVT CORP | 17259U204 | 1,538,071 | $14.9M | 4.30% |
| 7 | MFS HIGH YIELD MUN TR | 59318E102 | 3,593,657 | $12.6M | 3.64% |
| 8 | TEJON RANCH CO | TRC | 791,492 | $12.5M | 3.61% |
| 9 | RUNWAY GROWTH FINANCE CORP | RWAYL | 1,200,872 | $10.7M | 3.10% |
| 10 | MFS INVT GRADE MUN TR | 59318B108 | 1,201,345 | $9.6M | 2.76% |
| 11 | BNY MELLON STRATEGIC MUNS IN | 05588W108 | 1,480,512 | $9.4M | 2.72% |
| 12 | TEXAS PACIFIC LAND CORPORATI | TPL | 31,700 | $9.1M | 2.63% |
| 13 | BLUE OWL TECHNOLOGY FIN CORP | OTF | 615,848 | $9.0M | 2.59% |
| 14 | GABELLI DIVID & INCOME TR | 36242H104 | 300,586 | $8.3M | 2.41% |
| 15 | FS KKR CAP CORP | FSK | 486,352 | $7.2M | 2.08% |
| 16 | CANNAE HLDGS INC | CNNE | 456,191 | $7.2M | 2.07% |
| 17 | OXFORD LANE CAP CORP | OXLCZ | 485,401 | $7.1M | 2.05% |
| 18 | ROMAN DBDR ACQUISITION CORP | DRDBW | 680,373 | $7.1M | 2.05% |
| 19 | CRESCENT CAP BDC INC | 225655109 | 457,518 | $6.4M | 1.86% |
| 20 | ALEXANDERS INC | ALX | 28,000 | $6.1M | 1.76% |