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Livermore
Livermore
ZHEN

Rivernorth Capital Management, LLC

SEC CIK
0001447578
Latest filing
Aug 14, 2026

The latest 13F from Rivernorth Capital Management, LLC covers Q2 2026 (filed Aug 14, 2026): 585 long positions worth $2.10B. The top 10 holdings make up 28.3% of the portfolio, and the largest is BlackRock Muniholdings Fund, Inc. (MHD) at 6.8%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
154
Est. +$488.0M
Added
42
Est. +$105.0M
Reduced
91
Est. −$155.0M
Sold out
111
Est. −$370.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. MHDBlackRock Muniholdings Fund, Inc.
    6.8%$142.6MHistory
  2. MQYBlackRock Muniyield Quality Fund, Inc.
    3.9%$82.3MHistory
  3. PSUSPershing Square USA, Ltd.
    3.7%$78.1MHistory
  4. MYIBlackRock Muniyield Quality Fund III, Inc.
    2.5%$52.9MHistory
  5. HYTBlackRock Corporate High Yield Fund, Inc.
    2.3%$47.3MHistory

Share of portfolio

Top 5 holdings and the other 580 positions, by share of portfolio value

  1. MHD6.8%
  2. MQY3.9%
  3. PSUS3.7%
  4. MYI2.5%
  5. HYT2.3%
  6. Other 580 positions80.8%

Biggest buys

New and added positions, by estimated amount bought

  1. PSUSPershing Square USA, Ltd.
    +$78.1MNewHistory
  2. GABGabelli Equity Trust Inc
    +$37.4MNewHistory
  3. Vanguard Mun BD FDS922907746
    +$27.4MNew
  4. BBNBlackRock Taxable Municipal Bond Trust
    +$22.5MAddedHistory
  5. OTFBlue Owl Technology Finance Corp.
    +$16.7MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. PSUSPershing Square USA, Ltd.
    +3.71 pp0.0% → 3.7%History
  2. GABGabelli Equity Trust Inc
    +1.78 pp0.0% → 1.8%History
  3. Vanguard Mun BD FDS922907746
    +1.30 pp0.0% → 1.3%
  4. BBNBlackRock Taxable Municipal Bond Trust
    +1.06 pp0.2% → 1.2%History
  5. PSPershing Square Inc.
    +0.70 pp0.0% → 0.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. FSKFS KKR Capital Corp
    −$21.3MSold outHistory
  2. VKQInvesco Municipal Trust
    −$16.4MReducedHistory
  3. UTFCohen & Steers Infrastructure Fund Inc
    −$15.3MReducedHistory
  4. MSDLMorgan Stanley Direct Lending Fund
    −$14.7MSold outHistory
  5. OCSLOaktree Specialty Lending Corp
    −$14.5MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. FSKFS KKR Capital Corp
    −1.08 pp1.1% → 0.0%History
  2. VKQInvesco Municipal Trust
    −0.80 pp2.1% → 1.3%History
  3. MSDLMorgan Stanley Direct Lending Fund
    −0.74 pp0.7% → 0.0%History
  4. OCSLOaktree Specialty Lending Corp
    −0.73 pp0.7% → 0.0%History
  5. UTFCohen & Steers Infrastructure Fund Inc
    −0.72 pp0.8% → 0.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.10B
+$123.2M (+6.2%) vs. prior quarter
Positions
585
+43 vs. prior quarter
Top 10 concentration
28.3%
Top 10 as share of value
Turnover
25.8%
Q2 2026, one quarter
Average holding period
7.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.65B (Q1 2022)

Q1 2021: $1.67BQ2 2021: $1.75BQ3 2021: $1.89BQ4 2021: $2.47BQ1 2022: $2.65BQ2 2022: $2.47BQ3 2022: $2.23BQ4 2022: $2.22BQ1 2023: $2.07BQ2 2023: $2.00BQ3 2023: $1.93BQ4 2023: $2.09BQ1 2024: $2.07BQ2 2024: $2.12BQ3 2024: $2.07BQ4 2024: $2.08BQ1 2025: $1.88BQ2 2025: $1.81BQ3 2025: $1.75BQ4 2025: $2.12BQ1 2026: $1.98BQ2 2026: $2.10B
Q1 2021Q2 2026
13F filings of Rivernorth Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026585$2.10BMHDMQYPSUSvs. Q1 2026SEC
Q1 2026May 15, 2026542$1.98BMHDMQYMYIvs. Q4 2025SEC
Q4 2025Feb 17, 2026477$2.12BVKQPDIMHDvs. Q3 2025SEC
Q3 2025Nov 14, 2025479$1.75BMHDMYDVKQvs. Q2 2025SEC
Q2 2025Aug 14, 2025357$1.81BNADMHDNUVvs. Q1 2025SEC
Q1 2025May 15, 2025360$1.88BNADNUVNVGvs. Q4 2024SEC
Q4 2024Feb 14, 2025409$2.08BNADNUVNVGvs. Q3 2024SEC
Q3 2024Dec 3, 2024Amended388$2.07BNADNEANUVvs. Q2 2024SEC
Q2 2024Aug 14, 2024444$2.12BNADNEABCATvs. Q1 2024SEC
Q1 2024May 15, 2024464$2.07BNADNEABCATvs. Q4 2023SEC
Q4 2023Feb 14, 2024490$2.09BNEANADBCATvs. Q3 2023SEC
Q3 2023Nov 14, 2023544$1.93BNEABCATECATvs. Q2 2023SEC
Q2 2023Aug 14, 2023585$2.00BECATNEABCATvs. Q1 2023SEC
Q1 2023May 15, 2023638$2.07BECATBCATNEAvs. Q4 2022SEC
Q4 2022Feb 14, 2023717$2.22BNEANADBCATvs. Q3 2022SEC
Q3 2022Nov 14, 2022873$2.23BBCATECATNEAvs. Q2 2022SEC
Q2 2022Aug 15, 2022819$2.47BNEANADBCATvs. Q1 2022SEC
Q1 2022May 16, 2022825$2.65BNEANADBCATvs. Q4 2021SEC
Q4 2021Feb 14, 2022718$2.47BNEABCATNADvs. Q3 2021SEC
Q3 2021Nov 15, 2021569$1.89BNEANADNRKvs. Q2 2021SEC
Q2 2021Aug 16, 2021484$1.75BNEANADBRWvs. Q1 2021SEC
Q1 2021May 17, 2021458$1.67BNEANADVoya Prime Rate Tr–SEC

13D and 13G filings

Companies where Rivernorth Capital Management, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

15 companies, largest stake first.

Companies where Rivernorth Capital Management, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
HCVIRed Rock Acquisition Corp.13G/A16.94%555.0K shares–Nov 14, 20242 filingsJan 10, 2025SEC
CMUMFS High Yield Municipal Trust13G/A11.60%2.96M shares+1.48 ppfrom 10.12%Nov 14, 20244 filingsMay 15, 2026SEC
SABASaba Capital Income & Opportunities Fund II13G/A10.38%2.93M shares+0.95 ppfrom 9.43%Sep 10, 20243 filingsJun 11, 2025SEC
YHNAYHN Acquisition I Ltd13G/A10.38%445.0K shares+4.64 ppfrom 5.74%Aug 14, 20252 filingsApr 7, 2026SEC
MYDBlackRock Muniyield Fund, Inc.13G/A10.03%4.59M shares–Feb 14, 20242 filingsJan 10, 2025SEC
SBIWestern Asset Intermediate Muni Fund Inc.13G/A8.64%1.22M shares−1.30 ppfrom 9.94%Nov 14, 20244 filingsNov 14, 2025SEC
PMXPIMCO Municipal Income Fund III13G/A7.99%2.67M shares+2.28 ppfrom 5.71%May 15, 20252 filingsAug 14, 2025SEC
RIBBRibbon Acquisition Corp.13G7.66%400.0K sharesNewFeb 17, 20261 filingFeb 17, 2026SEC
CXHMFS Investment Grade Municipal Trust13G/A7.03%576.5K shares+1.40 ppfrom 5.63%Feb 14, 20253 filingsMay 15, 2026SEC
MPABlackRock Muniyield Pennsylvania Quality Fund13G/A6.91%894.5K shares−1.33 ppfrom 8.24%Feb 17, 20262 filingsMay 15, 2026SEC
MQTBlackRock Muniyield Quality Fund II, Inc.13G/A6.56%1.48M shares–Feb 14, 20242 filingsFeb 17, 2026SEC
BXBLBOXABL Inc.13G6.24%643.0K sharesNewFeb 17, 20261 filingFeb 17, 2026SEC
UCFICN Healthy Food Tech Group Corp.13G5.57%494.3K sharesNewAug 14, 20251 filingAug 14, 2025SEC
MVFBlackRock Munivest Fund, Inc.13G/A5.42%3.27M shares–Feb 14, 20242 filingsMay 15, 2025SEC
MQYBlackRock Muniyield Quality Fund, Inc.13G5.25%7.90M sharesNewMay 15, 20261 filingMay 15, 2026SEC

Latest filings

189 filings on file made by Rivernorth Capital Management, LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Rivernorth Capital Management, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
GLOClough Global Opportunities FundAug 14, 20263:38 PM ET13G/A2.53%1.08M shares−2.69 ppfrom 5.22%Below 5%Jun 30, 2026SEC
MYIBlackRock Muniyield Quality Fund III, Inc.Aug 14, 20263:29 PM ET13G/A3.89%4.76M shares−1.17 ppfrom 5.06%Below 5%Jun 30, 2026SEC
GLQClough Global Equity FundAug 14, 20262:40 PM ET13G/A2.79%523.4K shares−3.76 ppfrom 6.55%Below 5%Jun 30, 2026SEC
VKQInvesco Municipal TrustAug 14, 20262:10 PM ET13G/A4.97%2.75M shares−2.96 ppfrom 7.93%Below 5%Jun 30, 2026SEC
RDACRising Dragon Acquisition Corp.Jul 9, 20263:58 PM ET13G/A0.00%0 shares−8.31 ppfrom 8.31%Below 5%Jun 30, 2026SEC
BSAABEST SPAC I Acquisition Corp.Jul 9, 20263:40 PM ET13G/A0.00%0 shares−6.64 ppfrom 6.64%Below 5%Jun 30, 2026SEC
RDACRising Dragon Acquisition Corp.May 15, 20261:12 PM ET13G/A8.31%494.5K shares+1.71 ppfrom 6.60%Mar 31, 2026SEC
VKQInvesco Municipal TrustMay 15, 20261:09 PM ET13G/A7.93%4.39M shares−2.50 ppfrom 10.43%Mar 31, 2026SEC
GLQClough Global Equity FundMay 15, 202612:58 PM ET13G/A6.55%1.23M shares−1.24 ppfrom 7.79%Mar 31, 2026SEC
GLOClough Global Opportunities FundMay 15, 202612:58 PM ET13G/A5.22%2.23M shares−1.80 ppfrom 7.02%Mar 31, 2026SEC
CMUMFS High Yield Municipal TrustMay 15, 202612:54 PM ET13G/A11.60%2.96M shares+1.48 ppfrom 10.12%Mar 31, 2026SEC
VMOInvesco Municipal Opportunity TrustMay 15, 202612:52 PM ET13G/A4.05%2.73M shares−2.29 ppfrom 6.34%Below 5%Mar 31, 2026SEC
CXHMFS Investment Grade Municipal TrustMay 15, 202612:51 PM ET13G/A7.03%576.5K shares+1.40 ppfrom 5.63%Mar 31, 2026SEC
MPABlackRock Muniyield Pennsylvania Quality FundMay 15, 202612:40 PM ET13G/A6.91%894.5K shares−1.33 ppfrom 8.24%Mar 31, 2026SEC
MYIBlackRock Muniyield Quality Fund III, Inc.May 15, 202611:58 AM ET13G5.06%3.37M sharesNewMar 31, 2026SEC
MQYBlackRock Muniyield Quality Fund, Inc.May 15, 202611:32 AM ET13G5.25%7.90M sharesNewMar 31, 2026SEC
YHNAYHN Acquisition I LtdApr 7, 20263:47 PM ET13G/A10.38%445.0K shares+4.64 ppfrom 5.74%Mar 31, 2026SEC
BXBLBOXABL Inc.Feb 17, 20264:22 PM ET13G6.24%643.0K sharesNewDec 31, 2025SEC
MPABlackRock Muniyield Pennsylvania Quality FundFeb 17, 20264:10 PM ET13G8.24%1.07M sharesNewDec 31, 2025SEC
BSAABEST SPAC I Acquisition Corp.Feb 17, 20263:40 PM ET13G6.64%400.0K sharesNewDec 31, 2025SEC