RIVERNORTH CAPITAL MANAGEMENT, LLC
CIK
1447578
Location
WEST PALM BEACH, FL
Portfolio Value
Mid
$1,791,185,847
Diversification
Diversified
Filing Date
Global Rank
#1,282
/ 8,621
▲ 85
· as of Mar 2026
Top Industry
Asset Management
68.8%
3Y Alpha vs SPY
-10.8%
Period ended 4 months ago
Filed May 15, 2026 · 2mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+27.3%
SPY
+67.9%
Annualised alpha
-10.5%
Max drawdown
−10.6%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
264 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
7.9%
+4.4 pts
Top 5
20.9%
+6.6 pts
Top 10
29.3%
+5.3 pts
HHI
162
Diversified+46
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 94.4% | $1,691,661,641 |
| Unclassified | 2.9% | $52,178,052 |
| Technology | 1.2% | $21,087,085 |
| Real Estate | 0.5% | $9,445,523 |
| Industrials | 0.4% | $7,731,225 |
| Consumer Cyclical | 0.4% | $6,493,986 |
| Consumer Defensive | 0.1% | $2,588,335 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| MHD | Blackrock Muniholdings Fund, Inc. | +8,333,674 | 12,505,825 | $141,065,706 | |
| MQY | Blackrock Muniyield Quality Fund, Inc. | +5,459,910 | 7,899,355 | $86,734,917 | |
| MYI | Blackrock Muniyield Quality Fund III, Inc. | +3,502,884 | 5,254,333 | $55,223,039 | |
| FSK | FS KKR Capital Corp | +1,789,090 | 2,097,170 | $21,349,190 | |
| MYN | Blackrock Muniyield New York Quality Fund, Inc. | +1,385,904 | 1,722,732 | $16,538,227 | |
| GOF | Guggenheim Strategic Opportunities Fund | +1,076,643 | 1,888,335 | $20,809,451 | |
| FSSL | FS Specialty Lending Fund | +981,989 | 2,315,114 | $28,962,076 | |
| OBDC | Blue Owl Capital Corp | +920,180 | 1,426,822 | $15,780,651 | |
| DSM | Bny Mellon Strategic Municipal Bond Fund, Inc. | +824,765 | 1,660,357 | $9,978,745 | |
| CMU | Mfs High Yield Municipal Trust | +325,054 | 2,955,950 | $10,582,301 | |
| MSDL | Morgan Stanley Direct Lending Fund | +287,808 | 1,052,351 | $14,690,819 | |
| PMO | Franklin Municipal Opportunities Trust | +258,198 | 685,823 | $7,063,976 | |
| PSBD | Palmer Square Capital BDC Inc. | +254,061 | 834,603 | $8,154,071 | |
| EIC | Eagle Point Income Co Inc. | +248,933 | 774,059 | $7,307,116 | |
| OTF | Blue Owl Technology Finance Corp. | +241,543 | 2,176,269 | $26,963,972 | |
| PCM | Pcm Fund, Inc. | +178,434 | 479,504 | $2,737,967 | |
| BMEZ | BlackRock Health Sciences Term Trust | +160,629 | 809,196 | $11,620,054 | |
| FMN | Federated Hermes Premier Municipal Income Fund | +121,777 | 146,927 | $1,605,912 | |
| MUA | Blackrock Muniassets Fund, Inc. | +106,043 | 312,410 | $3,314,670 | |
| MFM | Aberdeen Municipal Income Fund | +97,052 | 908,050 | $4,894,389 | |
| CXH | Mfs Investment Grade Municipal Trust | +70,996 | 576,479 | $4,606,067 | |
| SABA | Saba Capital Income & Opportunities Fund II | +66,554 | 2,857,603 | $23,775,256 | |
| PCQ | Pimco California Municipal Income Fund | +64,938 | 2,512,000 | $21,552,960 | |
| PCN | Pimco Corporate & Income Strategy Fund | +51,607 | 355,256 | $4,227,546 | |
| PCF | High Income Securities Fund | +50,003 | 102,563 | $566,147 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| VKQ | Invesco Municipal Trust | −1,381,782 | 4,387,056 | $41,764,773 | |
| VMO | Invesco Municipal Opportunity Trust | −1,310,437 | 2,732,276 | $25,983,944 | |
| PTY | Pimco Corporate & Income Opportunity Fund | −955,954 | 286,356 | $3,453,453 | |
| NRK | Nuveen New York Amt-Free Quality Municipal Income Fund | −865,862 | 407,358 | $4,159,125 | |
| GLO | Clough Global Opportunities Fund | −843,850 | 2,234,485 | $12,446,081 | |
| MMU | Western Asset Managed Municipals Fund Inc. | −790,746 | 1,938,808 | $19,930,946 | |
| PML | Pimco Municipal Income Fund II | −778,383 | 4,251,528 | $32,184,066 | |
| BKT | Blackrock Income Trust, Inc. | −702,554 | 154,493 | $1,632,991 | |
| CGBD | Carlyle Secured Lending, Inc. | −628,221 | 1,272,507 | $13,921,226 | |
| DSL | DoubleLine Income Solutions Fund | −602,926 | 148,258 | $1,605,634 | |
| UTF | Cohen & Steers Infrastructure Fund Inc | −585,054 | 612,176 | $15,843,114 | |
| BIT | BlackRock Multi-Sector Income Trust | −545,605 | 1,218,113 | $15,250,774 | |
| XFLT | XAI Floating Rate & Alternative Income Trust | −463,251 | 384,757 | $6,610,125 | |
| HSPT | Horizon Space Acquisition II Corp. | −462,400 | 130,000 | $838,500 | |
| PDX | PIMCO Dynamic Income Strategy Fund | −460,415 | 1,138,597 | $25,117,449 | |
| USA | Liberty All Star Equity Fund | −436,260 | 5,196,239 | $28,839,126 | |
| DLY | DoubleLine Yield Opportunities Fund | −409,778 | 146,139 | $2,034,254 | |
| BTT | BlackRock Municipal 2030 Target Term Trust | −284,985 | 881,402 | $20,007,825 | |
| DMB | BNY Mellon Municipal Bond Infrastructure Fund, Inc. | −261,792 | 122,649 | $1,292,720 | |
| LEO | Bny Mellon Strategic Municipals, Inc. | −209,923 | 1,985,192 | $12,486,857 | |
| EAD | Allspring Income Opportunities Fund | −207,647 | 83,030 | $538,034 | |
| MPA | Blackrock Muniyield Pennsylvania Quality Fund | −172,933 | 894,459 | $9,865,882 | |
| PMM | Putnam Managed Municipal Income Trust | −167,027 | 107,693 | $662,311 | |
| WIW | Western Asset Inflation-Linked Opportunities & Income Fund | −165,515 | 963,439 | $8,150,693 | |
| RAAQ | Real Asset Acquisition Corp. | −147,500 | 250,000 | $2,625,000 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| HYT | Blackrock Corporate High Yield Fund, Inc. | 5,899,602 | $50,264,609 | |
| FSCO | FS Credit Opportunities Corp. | 4,008,422 | $20,442,952 | |
| HUBC | Hub Cyber Security Ltd. | 199,850 | $19,785,150 | |
| BTX | BlackRock Technology & Private Equity Term Trust | 2,570,038 | $16,962,250 | |
| PNI | Pimco New York Municipal Income Fund II | 1,057,865 | $7,246,375 | |
| GIW | GigCapital8 Corp. | 599,512 | $5,977,134 | |
| BXSL | Blackstone Secured Lending Fund | 244,289 | $5,787,206 | |
| ARCC | Ares Capital Corp | 319,326 | $5,754,254 | |
| TSLX | Sixth Street Specialty Lending, Inc. | 290,953 | $5,347,716 | |
| AIIA | AI Infrastructure Acquisition Corp. | 526,500 | $5,280,795 | |
| BIXI | Bitcoin Infrastructure Acquisition Corp Ltd | 512,000 | $5,079,040 | |
| HCAC | Hall Chadwick Acquisition Corp | 511,268 | $5,076,891 | |
| AEAQ | Activate Energy Acquisition Corp. | 512,000 | $5,063,680 | |
| IGAC | Invest Green Acquisition Corp | 511,268 | $5,061,553 | |
| KOYN | CSLM Digital Asset Acquisition Corp III, Ltd | 499,512 | $5,015,100 | |
| BPAC | Blueport Acquisition Ltd | 500,000 | $5,005,000 | |
| APAC | StoneBridge Acquisition II Corp | 494,517 | $4,969,895 | |
| LFAC | Leapfrog Acquisition Corp | 500,000 | $4,962,500 | |
| CRAN | Crane Harbor Acquisition Corp. II | 500,000 | $4,955,000 | |
| SCPQ | Social Commerce Partners Corp | 500,000 | $4,950,000 | |
| VHCP | Vine Hill Capital Investment Corp. II | 499,998 | $4,949,980 | |
| SVAQ | Silicon Valley Acquisition Corp. | 500,000 | $4,945,000 | |
| SORN | Soren Acquisition Corp. | 499,995 | $4,939,950 | |
| TWLV | Twelve Seas Investment Co III/Cayman | 500,000 | $4,935,000 | |
| ZKP | Lafayette Digital Acquisition Corp. I | 500,000 | $4,930,000 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| PDI | PIMCO Dynamic Income Fund | 2,821,448 | $49,967,844 | |
| GBDC | GOLUB CAPITAL BDC, Inc. | 1,714,828 | $23,270,215 | |
| JFR | Nuveen Floating Rate Income Fund | 2,772,908 | $21,711,869 | |
| BCAT | BlackRock Capital Allocation Term Trust | 1,408,167 | $19,939,644 | |
| BPRE | Bluerock Private Real Estate Fund | 1,004,483 | $15,067,245 | |
| NMFC | New Mountain Finance Corp | 1,338,277 | $12,325,531 | |
| SDHY | PGIM Short Duration High Yield Opportunities Fund | 700,000 | $11,515,000 | |
| BBDC | Barings BDC, Inc. | 806,071 | $7,399,731 | |
| BCX | BlackRock Resources & Commodities Strategy Trust | 618,455 | $6,790,635 | |
| WLAC | Willow Lane Acquisition Corp. | 495,000 | $6,256,800 | |
| NUV | Nuveen Municipal Value Fund Inc | 630,450 | $5,711,877 | |
| VCIC | Vine Hill Capital Investment Corp. | 528,394 | $5,690,803 | |
| IFN | Aberdeen India Fund, Inc. | 404,299 | $5,542,939 | |
| VLOS | Velos Acquisition I Corp. | 499,024 | $5,304,625 | |
| FTW | PRESIDIO PRODUCTION Co | 499,019 | $5,234,709 | |
| XRPN | Armada Acquisition Corp. II | 506,216 | $5,183,651 | |
| BHK | Blackrock Core Bond Trust | 498,111 | $4,776,884 | |
| FRNM | Freenome, Inc. | 365,230 | $4,758,946 | |
| MFIC | MidCap Financial Investment Corp | 414,430 | $4,741,079 | |
| PTA | Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund | 235,912 | $4,555,460 | |
| DRDB | Roman DBDR Acquisition Corp. II | 400,000 | $4,172,000 | |
| VGM | Invesco Trust for Investment Grade Municipals | 364,777 | $3,782,737 | |
| EFR | Eaton Vance Senior Floating-Rate Trust | 332,805 | $3,707,447 | |
| EFT | Eaton Vance Floating-Rate Income Trust | 325,355 | $3,673,257 | |
| NVG | Nuveen AMT-Free Municipal Credit Income Fund | 280,382 | $3,549,636 | |
| No positions match the current search. | ||||
264 positions ·
$1,791,185,847 total
· as of Mar 31, 2026
All sectors
Consumer Cyclical
Consumer Defensive
Financial Services
Industrials
Real Estate
Technology
Showing 1–50
of 264 positions by value
· page 1 of 6
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MHD |
Blackrock Muniholdings Fund, Inc.
Financial Services
|
Added | 12,505,825 | $141,065,706 | 7.88% | |
| MQY |
Blackrock Muniyield Quality Fund, Inc.
Financial Services
|
Added | 7,899,355 | $86,734,917 | 4.84% | |
| MYI |
Blackrock Muniyield Quality Fund III, Inc.
Financial Services
|
Added | 5,254,333 | $55,223,039 | 3.08% | |
| HYT |
Blackrock Corporate High Yield Fund, Inc.
Financial Services
|
NEW | 5,899,602 | $50,264,609 | 2.81% | |
| VKQ |
Invesco Municipal Trust
Financial Services
|
Reduced | 4,387,056 | $41,764,773 | 2.33% | |
| BSTZ |
BlackRock Science & Technology Term Trust
Financial Services
|
Added | 1,493,937 | $33,090,704 | 1.85% | |
| PML |
Pimco Municipal Income Fund II
Financial Services
|
Reduced | 4,251,528 | $32,184,066 | 1.80% | |
| FSSL |
FS Specialty Lending Fund
|
Added | 2,315,114 | $28,962,076 | 1.62% | |
| USA |
Liberty All Star Equity Fund
Financial Services
|
Reduced | 5,196,239 | $28,839,126 | 1.61% | |
| OTF |
Blue Owl Technology Finance Corp.
Financial Services
|
Added | 2,176,269 | $26,963,972 | 1.51% | |
| VMO |
Invesco Municipal Opportunity Trust
Financial Services
|
Reduced | 2,732,276 | $25,983,944 | 1.45% | |
| PDX |
PIMCO Dynamic Income Strategy Fund
Financial Services
|
Reduced | 1,138,597 | $25,117,449 | 1.40% | |
| SABA |
Saba Capital Income & Opportunities Fund II
Financial Services
|
Added | 2,857,603 | $23,775,256 | 1.33% | |
| MUC |
Blackrock Muniholdings California Quality Fund, Inc.
Financial Services
|
Reduced | 2,258,360 | $23,486,944 | 1.31% | |
| PCQ |
Pimco California Municipal Income Fund
Financial Services
|
Added | 2,512,000 | $21,552,960 | 1.20% | |
| FSK |
FS KKR Capital Corp
Financial Services
|
Added | 2,097,170 | $21,349,190 | 1.19% | |
| GOF |
Guggenheim Strategic Opportunities Fund
Financial Services
|
Added | 1,888,335 | $20,809,451 | 1.16% | |
| FSCO |
FS Credit Opportunities Corp.
Financial Services
|
NEW | 4,008,422 | $20,442,952 | 1.14% | |
| BTT |
BlackRock Municipal 2030 Target Term Trust
Financial Services
|
Reduced | 881,402 | $20,007,825 | 1.12% | |
| MMU |
Western Asset Managed Municipals Fund Inc.
Financial Services
|
Reduced | 1,938,808 | $19,930,946 | 1.11% | |
| HUBC |
Hub Cyber Security Ltd.
Technology
|
NEW | 199,850 | $19,785,150 | 1.10% | |
| BTX |
BlackRock Technology & Private Equity Term Trust
Financial Services
|
NEW | 2,570,038 | $16,962,250 | 0.95% | |
| MYN |
Blackrock Muniyield New York Quality Fund, Inc.
Financial Services
|
Added | 1,722,732 | $16,538,227 | 0.92% | |
| UTF |
Cohen & Steers Infrastructure Fund Inc
Financial Services
|
Reduced | 612,176 | $15,843,114 | 0.88% | |
| OBDC |
Blue Owl Capital Corp
Financial Services
|
Added | 1,426,822 | $15,780,651 | 0.88% | |
| EIM |
Eaton Vance Municipal Bond Fund
Financial Services
|
Added | 1,610,948 | $15,738,961 | 0.88% | |
| BIT |
BlackRock Multi-Sector Income Trust
Financial Services
|
Reduced | 1,218,113 | $15,250,774 | 0.85% | |
| MSDL |
Morgan Stanley Direct Lending Fund
Financial Services
|
Added | 1,052,351 | $14,690,819 | 0.82% | |
| OCSL |
Oaktree Specialty Lending Corp
Financial Services
|
Added | 1,279,906 | $14,462,937 | 0.81% | |
| CGBD |
Carlyle Secured Lending, Inc.
Financial Services
|
Reduced | 1,272,507 | $13,921,226 | 0.78% | |
| FTHY |
First Trust High Yield Opportunities 2027 Term Fund
Financial Services
|
Added | 1,019,633 | $13,795,634 | 0.77% | |
| BRW |
Saba Capital Income & Opportunities Fund
Financial Services
|
Reduced | 2,003,606 | $13,504,304 | 0.75% | |
| LEO |
Bny Mellon Strategic Municipals, Inc.
Financial Services
|
Reduced | 1,985,192 | $12,486,857 | 0.70% | |
| GLO |
Clough Global Opportunities Fund
Financial Services
|
Reduced | 2,234,485 | $12,446,081 | 0.69% | |
| GRAF-UN |
Graf Global Corp.
Financial Services
|
Held | 1,098,048 | $11,760,094 | 0.66% | |
| BMEZ |
BlackRock Health Sciences Term Trust
Financial Services
|
Added | 809,196 | $11,620,054 | 0.65% | |
| AFB |
Alliancebernstein National Municipal Income Fund
Financial Services
|
Added | 1,061,484 | $11,347,263 | 0.63% | |
| CMU |
Mfs High Yield Municipal Trust
Financial Services
|
Added | 2,955,950 | $10,582,301 | 0.59% | |
| RMT |
Royce Micro-Cap Trust, Inc.
Financial Services
|
Added | 898,550 | $10,162,600 | 0.57% | |
| RVT |
Royce Small-Cap Trust, Inc.
Financial Services
|
Added | 601,975 | $9,992,785 | 0.56% | |
| DSM |
Bny Mellon Strategic Municipal Bond Fund, Inc.
Financial Services
|
Added | 1,660,357 | $9,978,745 | 0.56% | |
| KYN |
Kayne Anderson Energy Infrastructure Fund, Inc.
Financial Services
|
Added | 692,896 | $9,894,554 | 0.55% | |
| MPA |
Blackrock Muniyield Pennsylvania Quality Fund
Financial Services
|
Reduced | 894,459 | $9,865,882 | 0.55% | |
| HHH |
Howard Hughes Holdings Inc.
Real Estate
|
Added | 149,204 | $9,438,645 | 0.53% | |
| NBH |
Neuberger Municipal Fund Inc.
Financial Services
|
Reduced | 929,775 | $9,437,216 | 0.53% | |
| GLQ |
Clough Global Equity Fund
Financial Services
|
Reduced | 1,227,734 | $9,244,837 | 0.52% | |
| SBI |
Western Asset Intermediate Muni Fund Inc.
Financial Services
|
Added | 1,187,933 | $9,123,325 | 0.51% | |
| PSBD |
Palmer Square Capital BDC Inc.
Financial Services
|
Added | 834,603 | $8,154,071 | 0.46% | |
| WIW |
Western Asset Inflation-Linked Opportunities & Income Fund
Financial Services
|
Reduced | 963,439 | $8,150,693 | 0.46% | |
| NQP |
NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND
Financial Services
|
Added | 665,013 | $7,933,605 | 0.44% |