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RIVERNORTH CAPITAL MANAGEMENT, LLC — 13F Holdings & Portfolio

CIK 1447578 · latest 13F-HR filed 2026-08-14

Backtest portfolio

RIVERNORTH CAPITAL MANAGEMENT, LLC manages $2.10B in 13F-reported U.S. long-equity assets across 585 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are MHD (6.78%), MQY (3.91%), PSUS (3.71%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 156 new positions and exited 113; 119 existing positions rose in reported value and 136 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$2.10B

Long-equity book

Holdings
585

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+156 / −113 / ↑119 / ↓136

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
MHD6.8% · -4%MQY3.9% · -10%PSUS3.7% · newMYI2.5% · -9%HYT2.2% · -6%BSTZ2.2% · +1%OTF1.9% · +74%GAB1.8% · newMUB1.7% · +1%PML1.6% · +5%FSSL1.5% · +21%GOF1.4% · +41%VKQ1.3% · -37%VTEB1.3% · newFSCO1.3% · +36%BBN1.2% · +595%USA1.2% · -17%BTX1.2% · +6%PCQ1.1% · +2%PDX1.1% · -3%SABA1.1% · -5%MMU0.9% · -9%VMO0.8% · -38%TSLX0.8% · +233%MYN0.8% · -6%EIM0.7% · -6%PS0.7% · newFTHY0.7% · +0%BMEZ0.6% · +8%OBDC0.6% · -16%LEO0.6% · +1%BRW0.6% · -7%AFB0.6% · -1%RMT0.6% · -9%TONT0.6% · newDSM0.6% · +16%MUC0.6% · -53%RVT0.5% · +1%BTT0.5% · -44%NMZ0.5% · newPMO0.5% · +38%NBH0.5% · +1%SBI0.5% · +4%KYN0.5% · +1%MUA0.4% · +178%MPA0.4% · -9%NHS0.4% · +2186%MFM0.4% · +66%CCAP0.4% · newPNI0.4% · -1%WIW0.3% · -9%NUW0.3% · +20%CSQ0.3% · +104%FGMCR0.3% · +100%GLO0.3% · -52%SOCA0.3% · -0%BIT0.3% · -60%CPZ0.3% · +1%LPBB0.3% · -0%HHH0.3% · -43%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 28.3%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management
$6.17B
Discretionary
$6.17B
Employees
20
Accounts
32
Address
360 S. ROSEMARY AVE
SUITE 1420
WEST PALM BEACH, FL 33401
Phone
(561) 484-7185
Website
Name Title / Status Ownership Type
COLLINS, MARCUS, LANE ControlGENERAL COUNSEL, SECRETARY AND CHIEF COMPLIANCE OFFICER
since Jun 2012
Less than 5%Individual
GALLEY, PATRICK, WILLIAM ControlCHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER, MANAGER
since Oct 2004
Less than 5%Individual
MOHRHARDT, JONATHAN, MICHAEL ControlPRESIDENT AND CHIEF OPERATING OFFICER, MANAGER
since Jan 2009
Less than 5%Individual
RIVERNORTH FINANCIAL HOLDINGS LLC ControlMEMBER
since Dec 2014
75% or moreDomestic Entity
SCHMUCKER, BRIAN, HAROLD ControlFOUNDER, MANAGER
since Aug 2000
Less than 5%Individual
GALLEY, PATRICK, WILLIAM Control
Indirect owner via RIVERNORTH HOLDING CO.
SHAREHOLDER
since Nov 2010
50–75%Individual
RIVERNORTH HOLDING CO. Control
Indirect owner via RIVERNORTH FINANCIAL HOLDINGS, LLC
MEMBER
since Dec 2014
75% or moreDomestic Entity
SCHMUCKER, BRIAN, HAROLD Control
Indirect owner via RIVERNORTH HOLDING CO.
SHAREHOLDER
since Jan 2010
25–50%Individual
Ownership & leadership changes · 7 filings with changes since Mar 30, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 30, 2023 filing
  • ChangedGALLEY, PATRICK, WILLIAM · indirect via RIVERNORTH HOLDING CO.: ownership 25–50% → 50–75%
Mar 30, 2020 filing
  • ChangedCOLLINS, MARCUS, LANE · title GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER → GENERAL COUNSEL, SECRETARY AND CHIEF COMPLIANCE OFFICER
  • ChangedGALLEY, PATRICK, WILLIAM · title CHIEF INVESTMENT OFFICER, MANAGER → CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER, MANAGER
  • ChangedMOHRHARDT, JONATHAN, MICHAEL · title CHIEF OPERATING OFFICER, MANAGER → PRESIDENT AND CHIEF OPERATING OFFICER, MANAGER
  • ChangedSCHMUCKER, BRIAN, HAROLD · title PRESIDENT, MANAGER → FOUNDER, MANAGER
Mar 31, 2018 filing
  • No longer listedO'NEILL, STEPHEN, ANDREW · PORTFOLIO MANAGER · 5–10% · listed since Jun 2011
Mar 30, 2016 filing
  • ChangedO'NEILL, STEPHEN, ANDREW · ownership Less than 5% → 5–10%
Mar 31, 2015 filing
  • No longer listedRIVERNORTH HOLDING CO. · MEMBER · 75% or more · control person · listed since Jan 2010
  • AddedRIVERNORTH FINANCIAL HOLDINGS LLC · MEMBER · 75% or more · control person
  • AddedRIVERNORTH HOLDING CO. · MEMBER · 75% or more · indirect via RIVERNORTH FINANCIAL HOLDINGS, LLC · control person
  • ChangedO'NEILL, STEPHEN, ANDREW · ownership 5–10% → Less than 5%
Mar 28, 2013 filing
  • ChangedMOHRHARDT, JONATHAN, MICHAEL · title CHIEF OPERATING OFFICER, CHIEK RISK OFFICER, MANAGER → CHIEF OPERATING OFFICER, MANAGER
Oct 8, 2012 filing
  • AddedCOLLINS, MARCUS, LANE · GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedMOHRHARDT, JONATHAN, MICHAEL · title CHIEF COMPLIANCE OFFICER, CHIEF OPERATING OFFICER, MANAGER → CHIEF OPERATING OFFICER, CHIEK RISK OFFICER, MANAGER
Mar 30, 2012 filing (earliest on record)
  • ListedGALLEY, PATRICK, WILLIAM · CHIEF INVESTMENT OFFICER, MANAGER · Less than 5% · control person
  • ListedGALLEY, PATRICK, WILLIAM · SHAREHOLDER · 25–50% · indirect via RIVERNORTH HOLDING CO. · control person
  • ListedMOHRHARDT, JONATHAN, MICHAEL · CHIEF COMPLIANCE OFFICER, CHIEF OPERATING OFFICER, MANAGER · Less than 5% · control person
  • ListedO'NEILL, STEPHEN, ANDREW · PORTFOLIO MANAGER · 5–10%
  • ListedRIVERNORTH HOLDING CO. · MEMBER · 75% or more · control person
  • ListedSCHMUCKER, BRIAN, HAROLD · PRESIDENT, MANAGER · Less than 5% · control person
  • ListedSCHMUCKER, BRIAN, HAROLD · SHAREHOLDER · 25–50% · indirect via RIVERNORTH HOLDING CO. · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

RIVERNORTH CAPITAL MANAGEMENT, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 BLACKROCK MUNIHOLDINGS FD IN MHD 09253N104 $142.6M 6.78% 11,987,371 SH
2 BLACKROCK MUNIYILD QULT FD I MQY 09254F100 $82.3M 3.91% 7,094,331 SH
3 PERSHING SQUARE USA LTD PSUS 71531T105 $78.1M 3.71% 2,089,216 SH
4 BLACKROCK MUNIYIELD QUALITY MYI 09254E103 $52.9M 2.51% 4,760,961 SH
5 BLACKROCK CORPOR HI YLD FD I HYT 09255P107 $47.3M 2.25% 5,529,831 SH
6 BLACKROCK SCIENCE & TECHNOLO BSTZ 09260K101 $45.4M 2.16% 1,511,481 SH
7 BLUE OWL TECHNOLOGY FIN CORP OTF 095924106 $39.2M 1.86% 3,788,852 SH
8 GABELLI EQUITY TR INC GAB 362397101 $37.4M 1.78% 6,609,367 SH
9 ISHARES TR MUB 464288414 $36.7M 1.74% 340,663 SH
10 PIMCO MUN INCOME FD II PML 72200W106 $34.1M 1.62% 4,482,914 SH
11 FS SPECIALTY LENDING FD FSSL 644323107 $31.2M 1.48% 2,800,048 SH
12 GUGGENHEIM STRATEGIC OPPORTU GOF 40167F101 $29.1M 1.38% 2,666,430 SH
13 INVESCO MUNICIPAL TRUST VKQ 46131J103 $27.6M 1.31% 2,749,965 SH
14 VANGUARD MUN BD FDS VTEB 922907746 $27.4M 1.30% 541,385 SH
15 FS CREDIT OPPORTUNITIES CORP FSCO 30290Y101 $27.2M 1.29% 5,444,012 SH
16 BLACKROCK TAX MUNICPAL BD TR BBN 09248X100 $26.2M 1.25% 1,622,646 SH
17 LIBERTY ALL STAR EQUITY FD USA 530158104 $25.2M 1.20% 4,332,937 SH
18 BLACKROCK TECH AND PRIVATE E BTX 09260Q108 $24.7M 1.18% 2,737,496 SH
19 PIMCO CALIF MUN INCOME FD PCQ 72200N106 $23.1M 1.10% 2,575,012 SH
20 PIMCO DYNAMIC INCOME STRATEG PDX 69346N107 $22.9M 1.09% 1,101,509 SH
21 SABA CAPITAL INCOME & OPPORT SABA 880198205 $22.6M 1.08% 2,711,592 SH
22 WESTERN ASSET MANAGED MUNS F MMU 95766M105 $18.3M 0.87% 1,757,452 SH
23 INVESCO MUN OPPORTUNIT TR VMO 46132C107 $16.8M 0.80% 1,703,324 SH
24 SIXTH STREET SPECIALTY LENDI TSLX 83012A109 $16.6M 0.79% 969,599 SH
25 BLACKROCK MUNIYIELD N Y QUAL MYN 09255E102 $16.5M 0.78% 1,624,077 SH
26 EATON VANCE MUN BD FD EIM 27827X101 $15.1M 0.72% 1,512,949 SH
27 PERSHING SQUARE INC PS 71531U102 $14.8M 0.70% 450,000 SH
28 FIRST TR HIGH YIELD OPPRT 20 FTHY 33741Q107 $14.0M 0.67% 1,022,036 SH
29 BLACKROCK HEALTH SCIENCES TE BMEZ 09260E105 $13.4M 0.64% 873,816 SH
30 BLUE OWL CAPITAL CORPORATION OBDC 69121K104 $13.0M 0.62% 1,192,576 SH
31 BNY MELLON STRATEGIC MUNS IN LEO 05588W108 $13.0M 0.62% 2,006,388 SH
32 SABA CAPITAL INCOME & OPRNT BRW 78518H202 $12.2M 0.58% 1,861,414 SH
33 ALLIANCEBERNSTEIN NATL MUN I AFB 01864U106 $12.0M 0.57% 1,047,724 SH
34 ROYCE MICRO-CAP TR INC RMT 780915104 $11.9M 0.57% 813,982 SH
35 GRAF GLOBAL CORP TONT G4036C106 $11.9M 0.57% 1,097,311 SH
36 BNY MELLON STRATEGIC MUN BD DSM 09662E109 $11.8M 0.56% 1,920,587 SH
37 BLACKROCK MUNIHLDNGS CALI MUC 09254L107 $11.7M 0.56% 1,066,052 SH
38 ROYCE SMALL CAP TRUST INC RVT 780910105 $11.2M 0.53% 607,243 SH
39 BLACKROCK MUN TARGET TERM TR BTT 09257P105 $11.2M 0.53% 493,001 SH
40 NUVEEN MUN HIGH INCOME OPPOR NMZ 670682103 $11.1M 0.53% 1,049,891 SH
41 PUTNAM MUN OPPORTUNITIES TR PMO 746922103 $10.0M 0.48% 949,042 SH
42 NEUBERGER MUN FD INC NBH 64124P101 $9.9M 0.47% 937,491 SH
43 WESTERN ASSET INTER MUNI SBI 958435109 $9.7M 0.46% 1,231,561 SH
44 KAYNE ANDERSON ENERGY INFRST KYN 486606106 $9.6M 0.46% 697,198 SH
45 BLACKROCK MUNIASSETS FD INC MUA 09254J102 $9.5M 0.45% 868,104 SH
46 BLACKROCK MUNIYIELD PA QUALI MPA 09255G107 $9.3M 0.44% 814,371 SH
47 NEUBERGER HIGH YIELD ST FD I NHS 64128C106 $8.6M 0.41% 1,371,413 SH
48 ABERDEEN MUN INCOME FD MFM 552738106 $8.5M 0.40% 1,509,877 SH
49 CRESCENT CAP BDC INC CCAP 225655109 $7.7M 0.36% 702,796 SH
50 PIMCO NEW YORK MUN FD II PNI 72200Y102 $7.4M 0.35% 1,044,735 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $2.10B 585 0001398344-26-014659
2026-03-31 2026-05-15 $2.00B 542 0001398344-26-009303
2025-12-31 2026-02-17 $2.12B 477 0001398344-26-003293
2025-09-30 2025-11-14 $1.75B 479 0001398344-25-020996
Filer Information
Address
360 S. ROSEMARY AVE
SUITE 1420
WEST PALM BEACH, FL 33401
Phone
(561) 484-7185
Filing Manager
RIVERNORTH CAPITAL MANAGEMENT, LLC
WEST PALM BEACH, FL
Signatory
Marcus Collins
Chief Compliance Officer