BULLDOG INVESTORS LLP
Q2 2025 Form 13-F
SADDLE BROOK, NEW JERSEY
CIK 0001504304
· CRD 151585
· SEC-registered investment adviser
$395.5M 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
$395.5M
Quarter over quarter
+2.7%
Holdings
171
Top-10 concentration
38.0%
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
Q2 2025 13F record
Q2 2025 13F filing summary
| Period of report | June 30, 2025 |
|---|---|
| Filed | August 14, 2025 |
| Form | 13F-HR |
| Reported value | $395.5M |
| Positions | 171 |
| Change in reported value | +7.0% |
| New positions | 61 |
| Exited positions | 32 |
| Position turnover | 45.8% |
| Top-10 concentration | 38.0% |
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 · Q2 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | STEW SRH TOTAL RETURN FUND INC | $19.8M | 5.0% |
| 2 | GAM GENERAL AMERN INVS CO INC | $19.2M | 4.85% |
| 3 | CET CENTRAL SECS CORP | $17.6M | 4.45% |
| 4 | NBXG NEUBERGER BERMAN NEXT GENERA | $16.6M | 4.19% |
| 5 | CION CION INVT CORP | $14.7M | 3.72% |
| 6 | DSM BNY MELLON STRATEGIC MUN BD | $14.5M | 3.68% |
| 7 | TRC TEJON RANCH CO | $13.4M | 3.39% |
| 8 | AFB ALLIANCEBERNSTEIN NATL MUN I | $12.0M | 3.03% |
| 9 | CNNE CANNAE HLDGS INC | $11.3M | 2.85% |
| 10 | RWAY RUNWAY GROWTH FINANCE CORP | $11.2M | 2.82% |
| 11 | TPL TEXAS PACIFIC LAND CORPORATI | $9.4M | 2.38% |
| 12 | CMU MFS HIGH YIELD MUN TR | $8.9M | 2.25% |
| 13 | IIF MORGAN STANLEY INDIA INVT FD | $8.4M | 2.13% |
| 14 | GDV GABELLI DIVID & INCOME TR | $7.8M | 1.98% |
| 15 | DRDB ROMAN DBDR ACQUISITION CORP | $7.1M | 1.79% |
| 16 | CXH MFS INVT GRADE MUN TR | $6.8M | 1.73% |
| 17 | GF NEW GERMANY FD INC | $5.9M | 1.49% |
| 18 | KDKRW ARES ACQUISITION CORP II | $5.4M | 1.37% |
| 19 | LPAA LAUNCH ONE ACQUISITION CORP | $5.4M | 1.36% |
| 20 | CUBWU LIONHEART HOLDINGS | $5.1M | 1.29% |
Values as reported on the Q2 2025 Form 13F. Every position is in the holdings table below.