RIVERNORTH CAPITAL MANAGEMENT, LLC

CIK

1447578

Location

WEST PALM BEACH, FL

Portfolio Value

Micro $2,588,335

Diversification

Diversified

Filing Date

Global Rank

#1,300 / 8,588 ▲ 81

Top Industry

Asset Management 70.9%

3Y Alpha vs SPY

-11.0%

Period ended 3 months ago

Filed May 15, 2026 · 33d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+33.7%

SPY

+76.8%

Annualised alpha

-10.8%

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

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

Top Position

8.1%

+4.6 pts

Top 5

21.6%

+7.0 pts

Top 10

30.2%

+5.9 pts

HHI

170

Diversified+51

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	96.1%	$1,671,516,793	237
Unclassified	3.0%	$52,178,052	7
Real Estate	0.5%	$9,445,523	2
Consumer Defensive	0.1%	$2,588,335	2
Industrials	0.1%	$1,971,634	1
Technology	0.1%	$1,321,720	4

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	Mfs Municipal Income Trust	+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 Octagon 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
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
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
GSRF	GSR IV Acquisition Corp.	475,489	$4,769,154
SVAC	Spring Valley Acquisition Corp. III	432,502	$4,394,220
SCII	SC II Acquisition Corp.	432,700	$4,314,019
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

2 positions · $2,588,335 total · Consumer Defensive only · as of Mar 31, 2026

All sectors Consumer Defensive Financial Services Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
ENHA	Enhanced Group Inc. Consumer Defensive	Reduced	199,512	-50,000	$2,029,037	−19.1%	78.39%
UCFI	CN Healthy Food Tech Group Corp. Consumer Defensive	Held	101,506	0	$559,298	0.0%	21.61%