1y return+3.7%S&P 500 +20.9%
3y return+7.7%S&P 500 +68.5%
5y return−11.7%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2019: $98 against $232 in the S&P 500.2
Rivernorth Capital Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| MHDBlackrock Muniholdings Fd In | $142.6M | 6.8% | −4.1% |
| MQYBlackrock Muniyild Qult Fd I | $82.3M | 3.9% | −10.2% |
| PSUSPershing Square Usa Ltd | $78.1M | 3.7% | New |
| MYIBlackrock Muniyield Quality | $52.9M | 2.5% | −9.4% |
| HYTBlackrock Corpor Hi Yld Fd I | $47.3M | 2.3% | −6.3% |
| BSTZBlackrock Science & Technolo | $45.4M | 2.2% | +1.2% |
| OTFBlue Owl Technology Fin Corp | $39.2M | 1.9% | +74.1% |
| GABGabelli Equity Tr Inc | $37.4M | 1.8% | New |
| MUBIshares Tr | $36.7M | 1.7% | +1.1% |
| PMLPimco Mun Income Fd II | $34.1M | 1.6% | +5.4% |
| FSSLFs Specialty Lending Fd | $31.2M | 1.5% | +20.9% |
| GOFGuggenheim Strategic Opportu | $29.1M | 1.4% | +41.2% |
| VKQInvesco Municipal Trust | $27.6M | 1.3% | −37.3% |
| VTEBVanguard Mun Bd Fds | $27.4M | 1.3% | New |
| FSCOFs Credit Opportunities Corp | $27.2M | 1.3% | +35.8% |
| BBNBlackrock Tax Municpal Bd Tr | $26.2M | 1.2% | +594.6% |
| USALiberty All Star Equity Fd | $25.2M | 1.2% | −16.6% |
| BTXBlackrock Tech And Private E | $24.7M | 1.2% | +6.5% |
| XPCQXPimco Calif Mun Income Fd | $23.1M | 1.1% | +2.5% |
| PDXPimco Dynamic Income Strateg | $22.9M | 1.1% | −3.3% |
| SABASaba Capital Income & Opport | $22.6M | 1.1% | −5.1% |
| MMUWestern Asset Managed Muns F | $18.3M | 0.9% | −9.4% |
| VMOInvesco Mun Opportunit Tr | $16.8M | 0.8% | −37.7% |
| TSLXSixth Street Specialty Lendi | $16.6M | 0.8% | +233.2% |
| MYNBlackrock Muniyield N Y Qual | $16.5M | 0.8% | −5.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| PDXPimco Dynamic Income Strateg | June 30, 2020 | +194.9% | $22.9M |
| BSTZBlackrock Science & Technolo | December 31, 2023 | +79.7% | $45.4M |
| RMTRoyce Micro-cap Tr Inc | June 30, 2025 | +58.3% | $11.9M |
| BTXBlackrock Tech And Private E | March 31, 2026 | +36.8% | $24.7M |
| RVTRoyce Small Cap Trust Inc | June 30, 2025 | +22.7% | $11.2M |
| LEOBny Mellon Strategic Muns In | September 30, 2023 | +21.2% | $13.0M |
| MYNBlackrock Muniyield N Y Qual | September 30, 2022 | +7.7% | $16.5M |
| Graf Global CorpCUSIP G4036C106 | December 31, 2024 | +7.5% | $11.9M |
| BMEZBlackrock Health Sciences Te | September 30, 2025 | +6.4% | $13.4M |
| MQYBlackrock Muniyild Qult Fd I | September 30, 2022 | +5.0% | $82.3M |
Sold off last quarter
- FSKFs Kkr Cap Corp was $21.3M
- COMPCompass Inc was $20.3M
- MSDLMorgan Stanley Direct Lendin was $14.7M
- OCSLOaktree Specialty Lending was $14.5M
- CGBDCarlyle Secured Lending Inc was $13.9M
- XCMUXMfs High Yield Mun Tr was $10.6M
- PSBDPalmer Square Capital Bdc In was $8.2M
- XNQPXNuveen Pa Invt Quality Mun F was $7.9M
- Legato Merger Corp IIICUSIP G5451A103 was $7.3M
- Xai Octagn Flt Rat & Alt InmCUSIP 98400T106 was $6.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +3.3% | +14.8% |
| March 31, 2026 | −2.3% | −4.6% |
| December 31, 2025 | −0.1% | +2.4% |
| September 30, 2025 | +2.9% | +7.8% |
| June 30, 2025 | −0.5% | +10.5% |
| March 31, 2025 | −0.3% | −4.6% |
| December 31, 2024 | −4.6% | +2.1% |
| September 30, 2024 | +3.4% | +5.4% |
| June 30, 2024 | +0.8% | +4.0% |
| March 31, 2024 | +2.6% | +10.0% |
| December 31, 2023 | +9.1% | +11.2% |
| September 30, 2023 | −6.1% | −3.6% |
| June 30, 2023 | −0.9% | +8.3% |
| March 31, 2023 | +0.8% | +7.0% |
| December 31, 2022 | +2.2% | +7.1% |
| September 30, 2022 | −5.4% | −5.3% |
| June 30, 2022 | −7.7% | −16.5% |
| March 31, 2022 | −7.0% | −4.9% |
| December 31, 2021 | +0.1% | +10.7% |
| September 30, 2021 | −1.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Rivernorth Capital Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1447578&type=13F-HR&dateb=&owner=include&count=40CIK 1447578
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1447578/000139834426014659/Filed August 14, 2026 · accession 0001398344-26-014659