Bulldog Investors, LLP

13F filer, CIK 1504304, SADDLE BROOK, NJ

Bulldog Investors, LLP reported $395,516,850 across 171 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 37.98% of the portfolio.

Filed 2025-08-14 (acceptance time not in the bulk data set), ingested 2026-10-07 18:23:11 UTC13F-HR 0001398344-25-015654

Period: 2025-06-30
Reported value: $396M
Holdings: 171
Top 10 weight: 37.98%
New: 61
Sold out: 32

Largest buys vs the previous quarter

Security	Shares change	Approx. value
CETadded	+111,988	$5.36M
ALXnew	+21,041	$4.74M
TRCadded	+260,000	$4.41M
CCAPnew	+290,383	$4.09M
LEOnew	+613,504	$3.63M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
BNY MELLON MUN INCOME INCexited	-1,598,380	-$11.5M
HYACexited	-656,679	-$7.22M
AAMexited	-502,894	-$5.25M
CANTOR EQUITY PARTNERS INCexited	-370,826	-$3.98M
VACHexited	-390,284	-$3.97M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001398344-25-015654, largest first. % of portfolio is the value over $395,516,850, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
STEWSRH TOTAL RETURN FUND INC	1,117,582	$19.8M	5%	-97,128	Timeline
GAMGENERAL AMERN INVS CO INC	342,110	$19.2M	4.85%	0	Timeline
CETCENTRAL SECS CORP	368,084	$17.6M	4.45%	+111,988	Timeline
NBXGNEUBERGER NEXT GENERATION	1,134,288	$16.6M	4.19%	+236,457	Timeline
CIONCION INVT CORP	1,538,071	$14.7M	3.72%	-156,375	Timeline
DSMBNY MELLON STRATEGIC MUN BD	2,596,631	$14.5M	3.68%	+69,204	Timeline
TRCTEJON RANCH CO	789,999	$13.4M	3.39%	+260,000	Timeline
AFBALLIANCEBERNSTEIN NATL MUN I	1,164,190	$12M	3.03%	+75,342	Timeline
CNNECANNAE HLDGS INC	540,987	$11.3M	2.85%	+160,000	Timeline
RWAYRUNWAY GROWTH FINANCE CORP	1,040,313	$11.2M	2.82%	+245,007	Timeline
TPLTEXAS PACIFIC LAND CORPORATI	8,900	$9.4M	2.38%	+900	Timeline
XCMUXMFS HIGH YIELD MUN TR	2,671,037	$8.89M	2.25%	+45,521	Timeline
IIFMORGAN STANLEY INDIA INVT FD	297,889	$8.41M	2.13%	+12,060	Timeline
XGDVXGABELLI DIVID & INCOME TR	301,028	$7.83M	1.98%	-200	Timeline
DRDBROMAN DBDR ACQUISITION CORP	688,537	$7.1M	1.79%	+193,537	Timeline
CXHMFS INVT GRADE MUN TR	895,891	$6.84M	1.73%	+36,583	Timeline
GFNEW GERMANY FD INC	493,479	$5.89M	1.49%	+46,966	Timeline
ARES ACQUISITION CORP IIARES ACQUISITION CORP II	479,272	$5.43M	1.37%	-19,697
LPAALAUNCH ONE ACQUISITION CORP	514,888	$5.36M	1.36%	-29,786	Timeline
CUBLIONHEART HOLDINGS	484,947	$5.09M	1.29%	-28,355	Timeline
EATON VANCE NEW YORK MUN BDEATON VANCE NEW YORK MUN BD	522,790	$4.86M	1.23%	-19,681
ALXALEXANDERS INC	21,041	$4.74M	1.2%	new	Timeline
BTXBLACKROCK TECH AND PRIVATE E	610,207	$4.48M	1.13%	+117,875	Timeline
LOGAN RIDGE FINANCE CORPLOGAN RIDGE FINANCE CORP	233,549	$4.44M	1.12%	-6,730
SIMASIM ACQUISITION CORP. I	420,798	$4.39M	1.11%	-16,008	Timeline
JACSJACKSON ACQUISITION CO II	416,526	$4.29M	1.08%	+24,157	Timeline
FTWEQV VENTURES ACQUISITION C-A	402,200	$4.23M	1.07%	0	Timeline
CCAPCRESCENT CAP BDC INC	290,383	$4.09M	1.04%	new	Timeline
PGZPRINCIPAL REAL ESTATE INCOME	370,896	$3.9M	0.99%	+1,500	Timeline
ALFCENTURION ACQUISITION CORP	367,124	$3.86M	0.98%	-26,788	Timeline
HDRNGIGCAPITAL7 CORP	358,013	$3.72M	0.94%	0	Timeline
VLOSVELOS ACQUISITION I CORP	328,964	$3.71M	0.94%	-308,061	Timeline
LEOBNY MELLON STRATEGIC MUNS IN	613,504	$3.63M	0.92%	new	Timeline
GDLGDL FD	411,344	$3.43M	0.87%	+43,833	Timeline
DMADESTRA MULTI-ALTERNATIVE FD	388,569	$3.4M	0.86%	-4,424	Timeline
BEAGBOLD EAGLE ACQUISITION CORP	319,116	$3.34M	0.84%	+219,116	Timeline
LPBBLAUNCH TWO ACQUISITION CORP.	309,534	$3.23M	0.82%	+102,965	Timeline
ECFELLSWORTH GROWTH & INCOME FD	312,463	$3.2M	0.81%	0	Timeline
SBXDFSILVERBOX CORP IV	281,497	$3.09M	0.78%	-28,499	Timeline
DYNCDYNAMIX CORP	298,609	$3.05M	0.77%	0	Timeline
BACCUBLUE ACQUISITION CORP.	283,195	$2.84M	0.72%	new	Timeline
POLEANDRETTI ACQUISITION CORP II	266,771	$2.77M	0.7%	-31,728	Timeline
RANGRANGE CAP ACQUISITION CORP	269,037	$2.74M	0.69%	+94,037	Timeline
BCICBCP INVESTMENT CORPORATION	216,546	$2.71M	0.69%	0	Timeline
CHURCHILL CAP CORP XCHURCHILL CAP CORP X	250,000	$2.58M	0.65%	new
TONTGRAF GLOBAL CORP	244,032	$2.55M	0.65%	-28,354	Timeline
KTFDWS MUN INCOME TR	286,928	$2.54M	0.64%	-19,355	Timeline
CHACCRANE HARBOR ACQU CORP - A	250,000	$2.52M	0.64%	new	Timeline
OYSTER ENTERPRISES II ACQUISOYSTER ENTERPRISES II ACQUIS	241,792	$2.45M	0.62%	new
SOULSOULPOWER ACQUISITION CORP	236,023	$2.37M	0.6%	new	Timeline
TAVITAVIA ACQUISITION CORP	219,735	$2.25M	0.57%	-12,922	Timeline
VLGEAVILLAGE SUPER MKT INC	53,257	$2.05M	0.52%	new	Timeline
LWACULIGHTWAVE ACQUISITION CORP	202,719	$2.04M	0.52%	new	Timeline
CCAQCOLLECTIVE ACQUISITION CORP	200,000	$2.01M	0.51%	new	Timeline
FACTFACT II ACQUISITION CORP	194,000	$2M	0.51%	0	Timeline
BBDCBARINGS BDC INC	210,501	$1.92M	0.49%	new	Timeline
BLUWUBLUE WTR ACQUISITION CORP. I	185,172	$1.85M	0.47%	new	Timeline
TYGTORTOISE ENERGY INFRSTRCTR C	41,199	$1.81M	0.46%	-86,150	Timeline
DMBBNY MELLON MUN BD INFRASTRUC	173,211	$1.77M	0.45%	new	Timeline
NSLRNEOSTELLAR CAP CORP	202,153	$1.66M	0.42%	-28,909	Timeline
PIONEER MUNICIPAL HIGH INCO…PIONEER MUNICIPAL HIGH INCOME	194,697	$1.62M	0.41%	new
ZTRVIRTUS TOTAL RETURN FD INC	257,181	$1.6M	0.41%	+117,303	Timeline
CXEMFS HIGH INCOME MUN TR	443,631	$1.59M	0.4%	+220,646	Timeline
TITAN ACQUISITION CORPTITAN ACQUISITION CORP	151,250	$1.58M	0.4%	new
NABORS ENERGY TRANSITION CORNABORS ENERGY TRANSITION COR	140,551	$1.56M	0.39%	-26,436
LEGTLEGATO MERGER CORP III	142,704	$1.52M	0.39%	-35,344	Timeline
GLOCLOUGH GLOBAL OPPORTUNITIES	254,583	$1.38M	0.35%	0	Timeline
DTSQDT CLOUD STAR ACQUISITION CO	130,956	$1.36M	0.34%	0	Timeline
PIONEER MUNICIPAL HIGH INCO…PIONEER MUNICIPAL HIGH INCOME	147,970	$1.36M	0.34%	new
SZZLUSIZZLE ACQUISITION CORP. II	131,501	$1.35M	0.34%	new	Timeline
IHDVOYA EMERGING MKTS HIGH DIVI	215,590	$1.28M	0.32%	new	Timeline
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	113,348	$1.26M	0.32%	-162,555
NXDTNEXPOINT DIVERSIFIED REL ET	278,800	$1.17M	0.3%	+14,332	Timeline
SOULUSOULPOWER ACQUISITION CORP	108,043	$1.1M	0.28%	new	Timeline
OFSOFS CAP CORP	127,191	$1.07M	0.27%	-55,218	Timeline
MXEMEXICO EQUITY & INCOME FD	101,158	$1.06M	0.27%	0	Timeline
CRAQUCAL REDWOOD ACQUISITION CORP	100,000	$1.03M	0.26%	new	Timeline
XRPNUARMADA ACQUISITION CORP II	100,000	$1.02M	0.26%	new	Timeline
NHICNEWHOLD INVT CORP III	100,000	$1.02M	0.26%	new	Timeline
CHPGUCHAMPIONSGATE ACQUISITION CO	100,000	$1.02M	0.26%	new	Timeline
COPLCOPLEY ACQUISITION CORP	100,000	$1.01M	0.25%	new	Timeline
PELIPELICAN ACQUISITION CORP SHS (	100,000	$1M	0.25%	new	Timeline
ICMBINVESTCORP CR MGMT BDC INC	358,471	$999K	0.25%	+147,074	Timeline
PFXPHENIXFIN CORP	19,218	$973K	0.25%	0	Timeline
IBACIB ACQUISITION CORP	91,687	$957K	0.24%	-61,543	Timeline
PIONEER MUN HIGH INCOME OPPOPIONEER MUN HIGH INCOME OPPO	80,353	$948K	0.24%	new
HHHHOWARD HUGHES HOLDINGS INC	12,000	$810K	0.2%	0	Timeline
DMAADRUGS MADE IN AMER ACQUTN CO	72,964	$744K	0.19%	new	Timeline
BERTO ACQUISITION CORPBERTO ACQUISITION CORP	69,163	$741K	0.19%	new
WENNUWEN ACQUISITION CORP	70,000	$740K	0.19%	new	Timeline
JOFJAPAN SMALLER CAPITALIZATION	76,638	$739K	0.19%	new	Timeline
MRLNMERLIN INC	68,924	$711K	0.18%	+29,904	Timeline
OTFBLUE OWL TECHNOLOGY FIN CORP	46,373	$707K	0.18%	new	Timeline
FERAUFIFTH ERA ACQUISITION CORP I	67,179	$699K	0.18%	-56,448	Timeline
SWZTOTAL RETURN SECURITIES FUND	106,902	$678K	0.17%	-130,570	Timeline
FACTUFACT II ACQUISITION CORP	66,091	$677K	0.17%	-5,000	Timeline
ALDFALDEL FINL II INC	61,578	$646K	0.16%	-16,472	Timeline
CCAQUCOLLECTIVE ACQUISITION CORP	61,746	$630K	0.16%	new	Timeline
BSAAUBEST SPAC I ACQUISITION CORP	60,000	$602K	0.15%	new	Timeline
DMAAUDRUGS MADE IN AMER ACQUTN CO	57,300	$591K	0.15%	-72,964	Timeline
MMACYS INC	50,000	$583K	0.15%	0	Timeline
PACHUPIONEER ACQUISITION I CORP	55,000	$550K	0.14%	new	Timeline
XIAEXVOYA ASIA PAC HIGH DIV EQT I	77,493	$546K	0.14%	new	Timeline
SPAQLISTED FDS TR	5,200	$545K	0.14%	0	Timeline
RDAGUREPUBLIC DIGITAL ACQUISITION	50,000	$535K	0.14%	new	Timeline
FRNMPERCEPTIVE CAP SOLUTIONS COR	50,000	$531K	0.13%	0	Timeline
EGHAUEGH ACQUISITION CORP.	50,000	$510K	0.13%	new	Timeline
SZZLSIZZLE ACQUISITION CORP. II	50,600	$509K	0.13%	new	Timeline
WTGUUWINTERGREEN ACQUISITION CORP	50,000	$504K	0.13%	new	Timeline
CEPTCANTOR EQUITY PARTNERS II IN	41,319	$456K	0.12%	new	Timeline
CCIXCHURCHILL CAPITAL CORP IX	41,730	$439K	0.11%	-72,335	Timeline
PIONEER DIVERSIFIED HIGH IN…PIONEER DIVERSIFIED HIGH INCOM	34,644	$433K	0.11%	new
FIGXUFIGX CAP ACQUISITION CORP.	38,109	$382K	0.1%	new	Timeline
LMNRLIMONEIRA CO	20,000	$313K	0.08%	0	Timeline
VLOSWVELOS ACQUISITION I CORP	173,094	$312K	0.08%	-57,970	Timeline
INFLECTION POINT ACQU CORP VINFLECTION POINT ACQU CORP V	30,713	$308K	0.08%	-55,808
OBAWUOXLEY BRIDGE ACQ LTD	25,000	$250K	0.06%	new	Timeline
PB BANKSHARES INCPB BANKSHARES INC	13,863	$245K	0.06%	new
IPEXINFLECTION POINT ACQU CORP V	23,035	$233K	0.06%	new	Timeline
MCGAUYORKVILLE ACQUISITION CORP.	20,000	$225K	0.06%	new	Timeline
CEETHE CENTRAL AND EASTERN EU I	13,374	$208K	0.05%	new	Timeline
FERAFIFTH ERA ACQUISITION CORP I	20,247	$206K	0.05%	new	Timeline
AXINUAXIOM INTELLIGENCE AC CORP 1	18,000	$182K	0.05%	new	Timeline
DRDBWROMAN DBDR ACQUISITION CORP	343,751	$172K	0.04%	+96,251	Timeline
COLOMBIER ACQUISITION CORP ICOLOMBIER ACQUISITION CORP I	39,213	$147K	0.04%	-27,083
OACCOAKTREE ACQUISITION CORP III	13,500	$141K	0.04%	0	Timeline
EQV VENTURES ACQUISITION COREQV VENTURES ACQUISITION COR	134,066	$98.4K	0.02%	0
CUBWWLIONHEART HOLDINGS	242,460	$80K	0.02%	-14,175	Timeline
LPAAWLAUNCH ONE ACQUISITION CORP	257,338	$69.5K	0.02%	-11,780	Timeline
PCFHIGH INCOME SECS FD	10,705	$68K	0.02%	new	Timeline
RANGRRANGE CAP ACQUISITION CORP	269,037	$67.3K	0.02%	+94,037	Timeline
SILVERBOX CORP IVSILVERBOX CORP IV	61,822	$61.8K	0.02%	-9,496
HCM II ACQUISITION CORPHCM II ACQUISITION CORP	25,000	$58.8K	0.01%	-94,400
VACHWVOYAGER ACQUISITION CORP	195,142	$58.5K	0.01%	0	Timeline
SIMAWSIM ACQUISITION CORP. I	210,399	$56.8K	0.01%	-8,004	Timeline
HFROHIGHLAND OPPS & INCOME FD	10,715	$55.7K	0.01%	-3	Timeline
ALFUWCENTURION ACQUISITION CORP	183,562	$55.1K	0.01%	-13,394	Timeline
GIGGWGIGCAPITAL7 CORP	358,013	$53.7K	0.01%	0	Timeline
LPBBWLAUNCH TWO ACQUISITION CORP.	115,538	$46.2K	0.01%	+54,545	Timeline
SOULPOWER ACQUISITION CORPSOULPOWER ACQUISITION CORP	236,023	$42.5K	0.01%	new
COLUMBUS CIRCLE CAP CORP. ICOLUMBUS CIRCLE CAP CORP. I	25,000	$41.5K	0.01%	new
FSHPRFLAG SHIP ACQUISITION CORP	275,000	$41.2K	0.01%	0	Timeline
DYNCWDYNAMIX CORP	105,820	$41.2K	0.01%	0	Timeline
JACKSON ACQUISITION CO IIJACKSON ACQUISITION CO II	152,582	$41.2K	0.01%	+22,782
RTS/IRON HORSE ACQUISITIONS…RTS/IRON HORSE ACQUISITIONS CORP …	67,947	$33.9K	0.01%	-26,767
GRAF GLOBAL CORPGRAF GLOBAL CORP	122,009	$32.9K	0.01%	-14,175
BEAGRBOLD EAGLE ACQUISITION CORP	100,000	$31.4K	0.01%	0	Timeline
TBMCRTRAILBLAZER MERGER CORP I RT	78,040	$30K	0.01%	-12,611	Timeline
CCAQWCOLLECTIVE ACQUISITION CORP	150,000	$28.5K	0.01%	new	Timeline
TAVIRTAVIA ACQUISITION CORP	169,735	$28K	0.01%	-12,922	Timeline
CCIXWCHURCHILL CAPITAL CORP IX	29,456	$28K	0.01%	0	Timeline
IBACRIB ACQUISITION CORP	476,837	$27.4K	0.01%	-36,862	Timeline
CAPNRCAYSON ACQUISITION CORP	195,000	$27.3K	0.01%	0	Timeline
POLEWANDRETTI ACQUISITION CORP II	130,081	$26K	0.01%	-15,538	Timeline
FACTWFACT II ACQUISITION CORP	97,000	$24.2K	0.01%	0	Timeline
BACQRINFLECTION PT ACQUISITION CORP	68,924	$24.1K	0.01%	+29,904	Timeline
AA MISSION ACQUISITI…AA MISSION ACQUISITION …	234,114	$22K	0.01%	-17,320
PELIRPELICAN ACQUISITION CORP RT	100,000	$19K	<0.01%	new	Timeline
LEGATO MERGER CORP IIILEGATO MERGER CORP III	70,985	$16.3K	<0.01%	-17,528
ALDFWALDEL FINL II INC	30,789	$16K	<0.01%	-8,236	Timeline
NHICWNEWHOLD INVT CORP III	50,000	$16K	<0.01%	new	Timeline
EURKREUREKA ACQUISITION CORP	51,000	$11.2K	<0.01%	0	Timeline
DTSQRDT CLOUD STAR ACQUISITION CO	100,000	$11K	<0.01%	0	Timeline
SZZLRSIZZLE ACQUISITION CORP. II	50,600	$10.1K	<0.01%	new	Timeline
DMAARDRUGS MADE IN AMER ACQUTN CO	72,964	$8.77K	<0.01%	new	Timeline
COPLEY ACQUISITION CORPCOPLEY ACQUISITION CORP	50,000	$8.38K	<0.01%	new
YHNARYHN ACQUISITION I LTD	38,836	$6.33K	<0.01%	-21,349	Timeline
IPEXRINFLECTION POINT ACQU CORP V	23,035	$6.22K	<0.01%	new	Timeline
HAYMAKER ACQUISITION CORP IVHAYMAKER ACQUISITION CORP IV	21,039	$5.26K	<0.01%	0
FERARFIFTH ERA ACQUISITION CORP I	18,047	$4.53K	<0.01%	new	Timeline
CN HEALTHY FOOD TECH GROUP CCN HEALTHY FOOD TECH GROUP C	70,029	$4.2K	<0.01%	-26,767

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
BNY MELLON MUN INCOME INCBNY MELLON MUN INCOME INC	1,598,380	$11.5M	shares
HYACHAYMAKER ACQUISITION CORP IV	656,679	$7.22M	shares
AAMAA MISSION ACQUISITION COR-A	502,894	$5.25M	shares
CANTOR EQUITY PARTNERS INCCANTOR EQUITY PARTNERS INC	370,826	$3.98M	shares
VACHVOYAGER ACQUISITION CORP	390,284	$3.97M	shares
RFAIRF ACQUISITION CORP II	239,878	$2.49M	shares
CAPNCAYSON ACQUISITION CORP	224,750	$2.29M	shares
DRDBUROMAN DBDR ACQUISITION CORP	215,045	$2.2M	shares
LAUNCH TWO ACQUISITION CORP.LAUNCH TWO ACQUISITION CORP.	151,097	$1.54M	shares
SPKLFSPARK I ACQUISITION CORP	133,951	$1.44M	shares
UCFICN HEALTHY FOOD TECH GROUP C	130,175	$1.37M	shares
RANGURANGE CAP ACQUISITION CORP	119,820	$1.23M	shares
GLOBAL LIGHTS ACQUISITION COGLOBAL LIGHTS ACQUISITION CO	106,627	$1.16M	shares
NBHNEUBERGER MUN FD INC	107,709	$1.12M	shares
YHNAYHN ACQUISITION I LTD	109,530	$1.12M	shares
SEGSEAPORT ENTMT GROUP INC	50,000	$1.07M	shares
EURKEUREKA ACQUISITION CORP	101,000	$1.04M	shares
CEPOCANTOR EQUITY PARTNERS I INC	100,000	$1.02M	shares
NHICUNEWHOLD INVT CORP III	101,000	$1.02M	shares
COLOMBIERACQUISITIONCORPICOLOMBIERACQUISITIONCORPI	92,617	$986K	shares
CHENGHE ACQUISITION II COCHENGHE ACQUISITION II CO	73,876	$757K	shares
INFLECTION POINT ACQUISITIONINFLECTION POINT ACQUISITION	71,303	$725K	shares
BCVBANCROFT FD LTD	39,448	$687K	shares
BRWSABA CAPITAL INCOME & OPRNT	73,191	$568K	shares
JACSUJACKSON ACQUISITION CO II	35,823	$369K	shares
EDDMORGAN STANLEY EMERGING MKTS	55,414	$260K	shares
BAYABAYVIEW ACQUISITION CORP	21,044	$229K	shares
JVSPAC ACQUISITION CORPJVSPAC ACQUISITION CORP	20,471	$218K	shares
UYSCUUY SCUTI ACQUISITION CORP.	21,145	$213K	shares
ABRDN JAPAN EQUITY FUND INCABRDN JAPAN EQUITY FUND INC	26,956	$175K	shares
ALPHAVEST ACQUISITION CORPALPHAVEST ACQUISITION CORP	47,096	$10.6K	shares
JVSPAC ACQUISITION CORPJVSPAC ACQUISITION CORP	21,423	$5.38K	shares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001398344-25-015654	base		2025-08-14	acceptance time not in the bulk data set	2026-10-07 18:23:11 UTC