RIVERNORTH CAPITAL MANAGEMENT, LLC

Q4 2025 13F-HR Holdings

Location
West Palm Beach, FL
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
477
Total value ($000)
$2,115,505
Net value change ($000)
+361,532 (20.6%)
New positions
82
Sold out positions
77
Turnover %
26.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
PDI 49,968 NEW
UTF 28,865 NEW
USA 22,573 176.4%
OTF 22,492 398.9%
JFR 21,712 NEW
BCAT 19,940 NEW
FSSL 18,850 NEW
GBDC 16,081 223.7%
PTY 16,026 NEW
BPRE 15,067 NEW
Top Reduces (Value $000, Stocks/ETFs)
NVG -24,893 -87.5%
NUV -20,788 -78.4%
NAD -18,441 -100.0%
CRF -10,437 -96.4%
PDX -9,658 -24.3%
PHK -9,197 -76.2%
PFN -8,864 -59.5%
CLM -8,374 -100.0%
PNI -7,411 -100.0%
MMU -7,073 -19.9%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type