BULLDOG INVESTORS LLP
Q1 2025 Form 13-F
SADDLE BROOK, NEW JERSEY
CIK 0001504304
· CRD 151585
· SEC-registered investment adviser
$369.6M Reported Value Total
BULLDOG INVESTORS, LLP reports 227 total accounts under management (AUM). There are 227 discretionary accounts valued at $455,995,108, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
11 funds
· $87.6M gross asset value
Hedge Fund: $87.6M
Source: Form ADV filed 2026-03-27
Reported value
$369.6M
Quarter over quarter
+0.2%
Holdings
142
Top-10 concentration
36.8%
Key People
Form ADV owners & control persons
Andrew (nmn) Dakos
MANAGING PARTNER
Phillip Franklin Goldstein
MANAGING PARTNER
Stephanie Lynne Darling
CHIEF COMPLIANCE OFFICER
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
Loading 13F Metrics
Q1 2025 13F record
Q1 2025 13F filing summary
| Period of report | March 31, 2025 |
|---|---|
| Filed | May 15, 2025 |
| Form | 13F-HR |
| Reported value | $369.6M |
| Positions | 142 |
| Change in reported value | -3.5% |
| New positions | 29 |
| Exited positions | 29 |
| Position turnover | 33.9% |
| Top-10 concentration | 36.8% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
225 | $454.7M |
|
Q1 2026 13F
Filed May 8, 2026
|
216 | $445.0M |
|
Q4 2025 13F
Filed Feb 13, 2026
|
221 | $449.0M |
|
Q3 2025 13F
Filed Nov 14, 2025
|
197 | $432.1M |
|
Q2 2025 13F
Filed Aug 14, 2025
|
171 | $395.5M |
|
Q1 2025 13F
Filed May 15, 2025
|
142 | $369.6M |
|
Q4 2024 13F
Filed Feb 14, 2025
|
142 | $382.9M |
|
Q3 2024 13F
Filed Nov 14, 2024
|
141 | $297.4M |
|
Q2 2024 13F
Filed Aug 9, 2024
|
142 | $267.6M |
|
Q1 2024 13F
Filed May 10, 2024
|
161 | $302.6M |
|
Q4 2023 13F
Filed Feb 14, 2024
|
169 | $304.4M |
|
Q3 2023 13F
Filed Nov 13, 2023
|
210 | $288.0M |
|
Q2 2023 13F
Filed Aug 14, 2023
|
223 | $301.9M |
|
Q1 2023 13F
Filed May 15, 2023
|
260 | $311.1M |
|
Q4 2022 13F
Filed Feb 14, 2023
|
279 | $332.5M |
|
Q3 2022 13F
Filed Nov 14, 2022
|
308 | $342.3M |
|
Q2 2022 13F
Filed Aug 15, 2022
|
332 | $362.1M |
|
Q1 2022 13F
Filed May 13, 2022
|
333 | $389.4M |
|
Q4 2021 13F
Filed Feb 11, 2022
|
288 | $374.3M |
|
Q3 2021 13F
Filed Nov 12, 2021
|
258 | $352.8M |
33 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | STEW SRH TOTAL RETURN FUND INC | $21.0M | 5.67% |
| 2 | CION CION INVT CORP | $17.5M | 4.75% |
| 3 | GAM GENERAL AMERN INVS CO INC | $17.2M | 4.66% |
| 4 | DSM BNY MELLON STRATEGIC MUN BD | $14.6M | 3.95% |
| 5 | AFB ALLIANCEBERNSTEIN NATL MUN I | $11.8M | 3.2% |
| 6 | CET CENTRAL SECS CORP | $11.5M | 3.12% |
| 7 | DMF BNY MELLON MUN INCOME INC | $11.5M | 3.11% |
| 8 | NBXG NEUBERGER BERMAN NEXT GENERA | $11.0M | 2.98% |
| 9 | TPL TEXAS PACIFIC LAND CORPORATI | $10.6M | 2.87% |
| 10 | CMU MFS HIGH YIELD MUN TR | $9.2M | 2.48% |
| 11 | TRC TEJON RANCH CO | $8.4M | 2.27% |
| 12 | RWAY RUNWAY GROWTH FINANCE CORP | $8.2M | 2.23% |
| 13 | GDV GABELLI DIVID & INCOME TR | $7.3M | 1.97% |
| 14 | HYAC HAYMAKER ACQUISITION CORP IV | $7.2M | 1.95% |
| 15 | CNNE CANNAE HLDGS INC | $7.0M | 1.89% |
| 16 | IIF MORGAN STANLEY INDIA INVT FD | $7.0M | 1.89% |
| 17 | CXH MFS INVT GRADE MUN TR | $6.8M | 1.84% |
| 18 | MBAV M3BRIGADE ACQUISITION V CORP | $6.5M | 1.76% |
| 19 | KDKRW ARES ACQUISITION CORP II | $5.6M | 1.51% |
| 20 | LPAA LAUNCH ONE ACQUISITION CORP | $5.6M | 1.5% |
Values as reported on the Q1 2025 Form 13F. Every position is in the holdings table below.