Rivernorth Capital Management, LLC
RiverNorth Capital Management, LLC is a specialized asset manager headquartered in West Palm Beach, Florida. Founded in 2000, the firm focuses on differentiated investment strategies primarily in closed-end funds, alternative assets, and opportunistic credit. With around 19 employees, RiverNorth serves institutional and individual investors seeking distinctive portfolio solutions.
Investment Strategy
RiverNorth Capital Management pursues opportunistic and differentiated investment strategies, with a particular emphasis on closed-end fund arbitrage, municipal and credit strategies, and alternative investments. The firm employs a combination of fundamental analysis and quantitative approaches, seeking to capture inefficiencies in various segments of the public and private markets, and generate alpha primarily through active management and tactical asset allocation.
Latest 13F Filing Activity
Rivernorth Capital Management, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 214 equity positions with a total 13F market value of $2B. The fund increased holdings in Cornerstone Total Return FD, Cornerstone Strategic Invest, Vaneck Etf Trust among other positions. Rivernorth Capital Management, LLC reduced exposure to Nuveen Quality Muncp Income, Nuveen Mun Value FD Inc., BNY Mellon Mun Income Inc. among others.
Top Holdings
Equity Positions (214)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NAD | NUVEEN QUALITY MUNCP INCOME | 2.60% | $47.1M | 4,171,418 | $12.26 | $11.29 | -$27.1M |
M MHD | BLACKROCK MUNIHOLDINGS FD IN | 2.55% | $46.2M | 4,123,858 | $12.30 | $11.20 | -$1.2M |
N NUV | NUVEEN MUN VALUE FD INC | 2.55% | $46.2M | 5,314,276 | $8.75 | $8.69 | -$21.7M |
M MYD | BLACKROCK MUNIYIELD FD INC | 2.54% | $45.9M | 4,572,204 | $10.87 | $10.04 | -$2.0M |
M MMU | WESTERN ASSET MANAGED MUNS F | 2.44% | $44.2M | 4,460,981 | $10.77 | $9.90 | -$5.2M |
Industry Allocation
Investment Team (5)
| Name | Role | Location | |
|---|---|---|---|
E Eric Pestrue | Investment Analyst | Chicago, IL , United States | |
 | Portfolio Manager and Senior Investment Analyst | Grosse Pointe, MI , United States | |
 | Portfolio Manager and Investment Analyst | West Palm Beach, FL , United States | |
 | Chief Investment Officer | Chicago, IL , United States | |
 | Investment Analyst | Chicago, IL , United States |