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Bulldog Investors, LLP

CIK:0001504304
Hedge Fund
$450M AUM
171 holdings
Saddle Brook, NJ, US
Founded:1992
10 employees
Latest filing:Jun 30, 2025

Bulldog Investors, LLP is a US-based investment adviser headquartered in Saddle Brook, New Jersey. It focuses primarily on value investing in closed-end funds, special situations, and activist investing opportunities. The firm was originally established as Bulldog Investors, LLC before transitioning to LLP status. Bulldog is owned and managed by Phillip Goldstein and Andrew Dakos, both recognized for their involvement in shareholder activism since the firm's founding. It serves institutional and high-net-worth individual investors, with a boutique employee count.

Investment Strategy

Bulldog Investors, LLP is known for its activist approach with a primary focus on closed-end funds, undervalued securities, and special situations. The firm seeks to unlock value for shareholders through corporate actions, constructive engagement, and proxy contests when necessary. Its philosophy is rooted in value investing—purchasing securities at a discount to their intrinsic value and employing catalyst-driven strategies to realize gains.

Latest 13F Filing Activity

Bulldog Investors, LLP filed their most recent 13F report on Jun 30, 2025 disclosing 102 equity positions with a total 13F market value of $396M. The fund increased holdings in Central Secs Corp., Neuberger Berman Next Genera, Tejon Ranch Co. among other positions. Bulldog Investors, LLP reduced exposure to BNY Mellon Mun Income Inc., Haymaker Acquisition Corp. IV, Aa Mission Acquisition Corp. among others.

Top Buys
C
CETCENTRAL SECS CORP
+$6.1M
N
NBXGNEUBERGER BERMAN NEXT GENERA
+$5.6M
T
TRCTEJON RANCH CO
+$5.0M
A
ALXALEXANDERS INC
+$4.7M
C
CNNECANNAE HLDGS INC
+$4.3M
Top Sells
D
DMFBNY MELLON MUN INCOME INC
-$11.5M
H
HYACHAYMAKER ACQUISITION CORP IV
-$7.2M
A
AAMAA MISSION ACQUISITION CORP
-$5.2M
C
CEPCANTOR EQUITY PARTNERS INC
-$4.0M
V
VACHVOYAGER ACQUISITION CORP
-$4.0M

Top Holdings

G
GAMGENERAL AMERN INVS CO INC
+4.8%$19.2M
C
CETCENTRAL SECS CORP
+4.5%$17.6M
N
NBXGNEUBERGER BERMAN NEXT GENERA
+4.2%$16.6M
C
CIONCION INVT CORP
+3.7%$14.7M
D
DSMBNY MELLON STRATEGIC MUN BD
+3.7%$14.5M

Equity Positions (102)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
GENERAL AMERN INVS CO INC4.85%$19.2M342,110$35.47$56.04+$1.9M
CENTRAL SECS CORP4.45%$17.6M368,084$34.36$47.86+$6.1M
NEUBERGER BERMAN NEXT GENERA4.19%$16.6M1,134,288$12.57$14.60+$5.6M
CION INVT CORP3.72%$14.7M1,538,071$11.08$9.57-$2.8M
BNY MELLON STRATEGIC MUN BD3.68%$14.5M2,596,631$5.75$5.60-$42.1K

Industry Allocation

BLANK CHECKS
+23.9%
REAL ESTATE
+2.9%
RETAIL-EATING & DRINKING PLACES
+2.2%
OIL ROYALTY TRADERS
+2.1%
REAL ESTATE INVESTMENT TRUSTS
+1.7%