RIVERNORTH CAPITAL MANAGEMENT, LLC

CIK

1447578

Location

WEST PALM BEACH, FL

Portfolio Value

Mid $1,776,166,739

Diversification

Diversified

Filing Date

Global Rank

#1,278 / 8,603 ▲ 99 · as of Mar 2026

Top Industry

Asset Management 69.4%

3Y Alpha vs SPY

-10.8%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+32.4%

SPY

+76.5%

Annualised alpha

-11.1%

Max drawdown

−10.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

259 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.9%

+4.5 pts

Top 5

21.1%

+6.6 pts

Top 10

29.6%

+5.3 pts

HHI

164

Diversified+47

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	95.0%	$1,687,530,739	242
Unclassified	2.9%	$52,178,052	7
Technology	1.2%	$21,087,085	4
Real Estate	0.5%	$9,445,523	2
Industrials	0.2%	$3,337,005	2
Consumer Defensive	0.1%	$2,588,335	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
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	Putnam 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
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
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
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
MBAV	M3-Brigade Acquisition V 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
PCSC	Perceptive Capital Solutions Corp	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.

Portfolio Positions

Compact Export CSV View 13F filing

259 positions · $1,776,166,739 total · as of Mar 31, 2026

All sectors Consumer Defensive Financial Services Industrials Real Estate Technology

Showing 1–50 of 259 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MHD	Blackrock Muniholdings Fund, Inc. Financial Services	Added	12,505,825	+8,333,674	$141,065,706	+188.0%	7.94%
MQY	Blackrock Muniyield Quality Fund, Inc. Financial Services	Added	7,899,355	+5,459,910	$86,734,917	+214.6%	4.88%
MYI	Blackrock Muniyield Quality Fund III, Inc. Financial Services	Added	5,254,333	+3,502,884	$55,223,039	+190.1%	3.11%
HYT	Blackrock Corporate High Yield Fund, Inc. Financial Services	NEW	5,899,602	NEW	$50,264,609	NEW	2.83%
VKQ	Invesco Municipal Trust Financial Services	Reduced	4,387,056	-7,150,620	$41,764,773	−62.5%	2.35%
BSTZ	BlackRock Science & Technology Term Trust Financial Services	Added	1,493,937	+35,905	$33,090,704	+0.4%	1.86%
PML	Pimco Municipal Income Fund II Financial Services	Reduced	4,251,528	-778,383	$32,184,066	−15.1%	1.81%
FSSL	FS Specialty Lending Fund	Added	2,315,114	+981,989	$28,962,076	+53.6%	1.63%
USA	Liberty All Star Equity Fund Financial Services	Reduced	5,196,239	-436,260	$28,839,126	−18.5%	1.62%
OTF	Blue Owl Technology Finance Corp. Financial Services	Added	2,176,269	+241,543	$26,963,972	−4.1%	1.52%
VMO	Invesco Municipal Opportunity Trust Financial Services	Reduced	2,732,276	-1,310,437	$25,983,944	−32.8%	1.46%
PDX	PIMCO Dynamic Income Strategy Fund Financial Services	Reduced	1,138,597	-460,415	$25,117,449	−16.4%	1.41%
SABA	Saba Capital Income & Opportunities Fund II Financial Services	Added	2,857,603	+66,554	$23,775,256	+3.3%	1.34%
MUC	Blackrock Muniholdings California Quality Fund, Inc. Financial Services	Reduced	2,258,360	-50,527	$23,486,944	−4.0%	1.32%
PCQ	Pimco California Municipal Income Fund Financial Services	Added	2,512,000	+64,938	$21,552,960	+0.9%	1.21%
FSK	FS KKR Capital Corp Financial Services	Added	2,097,170	+1,789,090	$21,349,190	+367.9%	1.20%
GOF	Guggenheim Strategic Opportunities Fund Financial Services	Added	1,888,335	+1,076,643	$20,809,451	+99.0%	1.17%
FSCO	FS Credit Opportunities Corp. Financial Services	NEW	4,008,422	NEW	$20,442,952	NEW	1.15%
BTT	BlackRock Municipal 2030 Target Term Trust Financial Services	Reduced	881,402	-284,985	$20,007,825	−24.8%	1.13%
MMU	Western Asset Managed Municipals Fund Inc. Financial Services	Reduced	1,938,808	-790,746	$19,930,946	−30.1%	1.12%
HUBC	Hub Cyber Security Ltd. Technology	NEW	199,850	NEW	$19,785,150	NEW	1.11%
BTX	BlackRock Technology & Private Equity Term Trust Financial Services	NEW	2,570,038	NEW	$16,962,250	NEW	0.95%
MYN	Blackrock Muniyield New York Quality Fund, Inc. Financial Services	Added	1,722,732	+1,385,904	$16,538,227	+395.5%	0.93%
UTF	Cohen & Steers Infrastructure Fund Inc Financial Services	Reduced	612,176	-585,054	$15,843,114	−45.1%	0.89%
OBDC	Blue Owl Capital Corp Financial Services	Added	1,426,822	+920,180	$15,780,651	+150.6%	0.89%
EIM	Eaton Vance Municipal Bond Fund Financial Services	Added	1,610,948	+20,385	$15,738,961	+1.7%	0.89%
BIT	BlackRock Multi-Sector Income Trust Financial Services	Reduced	1,218,113	-545,605	$15,250,774	−33.8%	0.86%
MSDL	Morgan Stanley Direct Lending Fund Financial Services	Added	1,052,351	+287,808	$14,690,819	+16.6%	0.83%
OCSL	Oaktree Specialty Lending Corp Financial Services	Added	1,279,906	+12,208	$14,462,937	−10.4%	0.81%
CGBD	Carlyle Secured Lending, Inc. Financial Services	Reduced	1,272,507	-628,221	$13,921,226	−41.4%	0.78%
FTHY	First Trust High Yield Opportunities 2027 Term Fund Financial Services	Added	1,019,633	+1,728	$13,795,634	−3.7%	0.78%
BRW	Saba Capital Income & Opportunities Fund Financial Services	Reduced	2,003,606	-13,175	$13,504,304	−4.5%	0.76%
LEO	Bny Mellon Strategic Municipals, Inc. Financial Services	Reduced	1,985,192	-209,923	$12,486,857	−10.6%	0.70%
GLO	Clough Global Opportunities Fund Financial Services	Reduced	2,234,485	-843,850	$12,446,081	−28.6%	0.70%
GRAF	Graf Global Corp. Financial Services	Held	1,098,048	0	$11,760,094	−0.4%	0.66%
BMEZ	BlackRock Health Sciences Term Trust Financial Services	Added	809,196	+160,629	$11,620,054	+19.0%	0.65%
AFB	Alliancebernstein National Municipal Income Fund Financial Services	Added	1,061,484	+21,639	$11,347,263	+0.9%	0.64%
CMU	Mfs High Yield Municipal Trust Financial Services	Added	2,955,950	+325,054	$10,582,301	+14.6%	0.60%
RMT	Royce Micro-Cap Trust, Inc. Financial Services	Added	898,550	+5,424	$10,162,600	+9.1%	0.57%
RVT	Royce Small-Cap Trust, Inc. Financial Services	Added	601,975	+3,092	$9,992,785	+3.6%	0.56%
DSM	Bny Mellon Strategic Municipal Bond Fund, Inc. Financial Services	Added	1,660,357	+824,765	$9,978,745	+93.6%	0.56%
KYN	Kayne Anderson Energy Infrastructure Fund, Inc. Financial Services	Added	692,896	+3,096	$9,894,554	+15.9%	0.56%
MPA	Blackrock Muniyield Pennsylvania Quality Fund Financial Services	Reduced	894,459	-172,933	$9,865,882	−16.6%	0.56%
HHH	Howard Hughes Holdings Inc. Real Estate	Added	149,204	+6,204	$9,438,645	−17.3%	0.53%
NBH	Neuberger Municipal Fund Inc. Financial Services	Reduced	929,775	-2,309	$9,437,216	+0.0%	0.53%
GLQ	Clough Global Equity Fund Financial Services	Reduced	1,227,734	-100,666	$9,244,837	−9.1%	0.52%
SBI	Western Asset Intermediate Muni Fund Inc. Financial Services	Added	1,187,933	+7,396	$9,123,325	+0.6%	0.51%
PSBD	Palmer Square Capital BDC Inc. Financial Services	Added	834,603	+254,061	$8,154,071	+15.2%	0.46%
WIW	Western Asset Inflation-Linked Opportunities & Income Fund Financial Services	Reduced	963,439	-165,515	$8,150,693	−16.0%	0.46%
NQP	NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND Financial Services	Added	665,013	+17,447	$7,933,605	+3.0%	0.45%