Rivernorth Capital Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Rivernorth Capital Management, LLC reported 205 stock positions worth $1.9 billion. Its top holding was Nuveen Quality Municipal (NAD) at 3.9% of the portfolio, followed by Nuveen Municipal Value (NUV, 3.6%) and Nuveen Amt-FR Muni CRDT (NVG, 2.9%). Compared with Q4 2024, it opened 31 new positions, sold out of 51, added to 44 and reduced 63. The biggest buy was Nuveen Pa QLTY Muni (XNQPX, shares +864%) and the biggest sale BlackRock Capital Alloc TR (BCAT, shares −56%).

Most Recent 13F
Q2 2026
Location
WEST PALM BEACH, FL
CIK
0001447578
Portfolio Value
$1.9B (Q1 2025)
SEC Filing
0001398344-25-009645 ↗ filed May 15, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $2.1B Q1 2024 Q2 2024: $2.1B Q2 2024 Q3 2024: $2.1B Q3 2024 Q4 2024: $2.1B Q4 2024 Q1 2025: $1.9B $1.9B Q1 2025 Q2 2025: $1.8B Q2 2025 Q3 2025: $1.7B Q3 2025 Q4 2025: $2.1B Q4 2025 Q1 2026: $2.0B Q1 2026 Q2 2026: $2.1B Q2 2026

Holdings 205 stocks · $1.9B
NAD Nuveen Quality Municipal Inc. 3.94% 6,438,797 $74.2M Reduce -22.5%
NUV Nuveen Municipal Value 3.61% 7,734,691 $67.8M Reduce -12.9%
NVG Nuveen Amt-FR Muni CRDT 2.86% 4,344,737 $53.8M Reduce -21.6%
MMU Western Asset Managed Munici 2.62% 4,796,245 $49.4M Reduce -13.1%
XMYDX BlackRock Muniyield Fund 2.54% 4,536,095 $47.9M Reduce -1.1%
MHD BlackRock Muniholdings Fund 2.52% 4,040,146 $47.4M Reduce -2.0%
XNEAX Nuveen Amt-FR QLTY Muni Inc. 2.33% 3,908,812 $43.8M Reduce -28.9%
PDX PIMCO Dynamic Income Strat 2.26% 1,732,791 $42.5M Reduce -12.1%
VMO Invesco Municipal Opport 2.16% 4,274,605 $40.6M Reduce -0.0%
BLE BlackRock Muni Inc. TR II 2.08% 3,761,585 $39.1M Reduce -1.0%
BFK BlackRock Municipal Inc. TRST 1.86% 3,528,058 $34.9M Add +0.6%
VKQ Invesco Municipal Trust 1.78% 3,474,819 $33.5M Reduce -9.4%
BTT BlackRock 2030 Muni TRGT TRM 1.77% 1,566,174 $33.2M Reduce -0.2%
MQY BlackRock Muniyield Quality 1.70% 2,734,818 $32.0M Reduce -1.0%
BMEZ BlackRock HLTH Sci TRM TR II 1.61% 2,036,349 $30.3M Add +4.9%
NZF Nuveen Municipal Credit Inc. 1.51% 2,315,534 $28.3M Reduce -27.0%
VGM Invesco Trust for Investmen 1.39% 2,632,775 $26.2M Reduce -7.3%
XMVTX BlackRock Munivest Fund II 1.31% 2,327,843 $24.6M No change
XAODX Abrdn Total Dynamic Dividend 1.29% 2,882,462 $24.2M Reduce -7.8%
BSTZ BlackRock Sci & Tech TRM TR 1.28% 1,354,756 $24.0M Reduce -5.5%
SABA Saba Capital Income & Opp II 1.27% 2,748,263 $23.9M Add +3.5%
XMVFX BlackRock Munivest Fund 1.22% 3,269,092 $22.9M Reduce -15.2%
ECAT BlackRock ESG Cap All TRM TR 1.15% 1,367,673 $21.6M Reduce -50.1%
MUE BlackRock Munihold QLT FD II 1.12% 2,108,064 $21.1M Reduce -0.1%
PFN PIMCO Income Strategy FD II 1.08% 2,699,440 $20.4M No change
ACP Abrdn Income Credit Strat 1.08% 3,449,997 $20.3M Reduce -24.1%
MYI BlackRock Muniyield QLTY III 1.07% 1,832,401 $20.1M Reduce -8.2%
BCAT BlackRock Capital Alloc TR 1.07% 1,393,325 $20.1M Reduce -56.1%
DMF BNYM Municipal Income filed as BNY MELLON MUN INCOME INC 1.00% 2,614,908 $18.8M Add +7.0%
BRW Saba Capital Income & Opport 0.99% 2,404,274 $18.7M Reduce -14.3%
XMIOX Pioneer Muni High Inc. Opp 0.99% 1,575,851 $18.6M Add +10.1%
XMHIX Pioneer Muni High Inc. TR 0.93% 1,897,129 $17.5M Add +15.6%
WIW Western Asst Infl-LNK Opp 0.92% 1,967,769 $17.3M Reduce -3.8%
PHK PIMCO High Income Fund 0.90% 3,466,841 $17.0M Reduce -29.0%
FTHY First Trust Hi YLD Opp 2027 0.83% 1,085,915 $15.7M Add +18.2%
NAC Nuveen Ca QLTY Muni Inc. 0.82% 1,379,388 $15.5M Reduce -42.7%
GLO Clough Global Opportunities 0.81% 3,112,150 $15.2M Add +26.6%
MUC BlackRock Munihold Ca QLTY 0.81% 1,420,247 $15.2M Reduce -48.8%
PML PIMCO Municipal Income FD II 0.77% 1,779,602 $14.4M Add +20.9%
LEO BNY Mellon Strategic Muni 0.75% 2,293,542 $14.0M Reduce -2.2%
XMQTX BlackRock Muniyield QLTY II 0.73% 1,380,360 $13.8M Add +2.5%
XPMQX PIMCO Muni Income Fund III 0.73% 1,910,192 $13.7M Add +71.0%
BINC iShares Flex I A ETF-Usd Inc. 0.71% 253,536 $13.3M Add +74.9%
XPMAX Pioneer Municipal High Inc. 0.66% 1,489,569 $12.4M Add +4.0%
AFB Allianceberstein NTL Muni 0.63% 1,091,414 $11.9M Reduce -8.8%
BTX BlackRock Tech & Priv Eqty 0.60% 1,803,435 $11.3M Add +85.3%
IQI Invesco Quality Muni Inc. TR 0.60% 1,165,816 $11.3M Reduce -20.9%
TONT Graf Global Corp. Class A 0.60% 1,100,000 $11.3M No change
XBKNX BlackRock Invest QLTY Muni 0.60% 976,750 $11.2M Add +2.4%
PFL PIMCO Income Strategy Fund 0.58% 1,275,940 $11.0M No change
SDHY Pgim SHRT Durat Hi YLD 0.57% 649,178 $10.7M Reduce -9.0%
SBI Western Asset Intermediate 0.51% 1,223,607 $9.5M Reduce -20.7%
BCX BlackRock Resources & Commod 0.51% 1,021,566 $9.5M Reduce -11.3%
XGLQX Clough Global Equity Fund 0.49% 1,465,302 $9.2M Add +34.5%
DMB BNY Mellon Muni BND Infra 0.49% 865,594 $9.1M Add +20.0%
CPZ Calamos LNG/SHRT Eqty & DYN 0.48% 578,930 $9.0M Reduce -0.8%
MYN BlackRock Muniyield NY QLTY 0.48% 901,809 $9.0M Reduce -1.5%
BYM BlackRock Muni Inc. QLTY 0.47% 820,515 $8.8M Add +7.7%
DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD 0.47% 1,515,874 $8.7M Reduce -1.3%
LEGT Legato Merger Corp. III 0.44% 784,752 $8.2M No change
NBH Neuberger Municipal Fund Inc. 0.44% 790,858 $8.2M Reduce -8.7%
MHN BlackRock Muniholding NY QLT 0.40% 744,895 $7.6M Reduce -30.4%
XNQPX Nuveen Pa QLTY Muni Inc. 0.39% 653,641 $7.3M Add +863.9%
EIM Eaton Vance Municipal Bond 0.39% 735,044 $7.3M Reduce -24.4%
VKI Invesco Adv Muni Inc. TR II 0.37% 809,034 $6.9M Reduce -37.3%
XPCKX PIMCO California Municipa II 0.36% 1,211,000 $6.8M Add +14.1%
XPCQX PIMCO California Muni Inc. FD 0.36% 759,403 $6.7M Add +21.3%
XCMUX MFS High Yield Municipal TR 0.36% 1,914,727 $6.7M Add +42.1%
XPMFX PIMCO Municipal Income Fund 0.33% 711,719 $6.3M Add +34.3%
FGMCU FG Merger II Corp. 0.33% 642,969 $6.3M New
NUW Nuveen Amt-Free Muni Val 0.33% 452,238 $6.2M Reduce -11.1%
ALDFU Aldel Financial II Inc. 0.33% 600,000 $6.2M No change
XEMDX Western Asset Emrg MRKT DBT 0.32% 617,883 $6.1M Reduce -11.0%
LPBB Launch Two Acquisition Class A 0.32% 600,000 $6.1M No change
HSPTU Horizon Space Acquisition II 0.32% 595,000 $6.1M No change
HCVI Hennessy Capital Invest Class A 0.32% 555,000 $6.0M No change
FSHP Flag Ship Acquisition Corp. 0.32% 577,000 $6.0M Add +7.1%
XEADX Allspring Income Opport 0.31% 850,644 $5.8M Reduce -30.7%
CUB Lionheart Holdings Class A 0.30% 545,154 $5.6M Add +4.5%
XPZCX PIMCO California Muni FD III 0.29% 845,437 $5.5M Add +20.7%
ASPCU A Spac III Acquisition Corp. 0.29% 540,000 $5.5M No change
VCIC Vine Hill Capital Class A 0.29% 528,394 $5.4M No change
POLE Andretti Acquisition Corp. Class A 0.28% 525,332 $5.3M No change
UCFI CN Healthy Food Tech Group C filed as IRON HORSE ACQUISITIONS CORP 0.28% 494,256 $5.2M Reduce -2.7%
SVCCU Stellar V Capital Corp. 0.27% 510,255 $5.2M New
MLACU Mountain Lake Acquisition Co. 0.27% 500,000 $5.2M No change
GSRTU GSR III Acquisition Corp. 0.27% 500,000 $5.1M No change
KFIIU K&F Growth Acquisition Corp. 0.27% 510,000 $5.1M New
VLOS Velos Acquisition I Corp. filed as M3BRIGADE ACQUISITION V CORP 0.27% 500,000 $5.1M No change
OCSL Oaktree Specialty Lending Co. 0.27% 331,903 $5.1M New
IFN Aberdeen India Fund Inc. 0.27% 321,905 $5.1M Reduce -3.9%
TDACU Translational Development Ac 0.27% 500,000 $5.1M No change
WLACU Willow Lane Acquisition Corp. 0.27% 500,000 $5.1M No change
FTW Eqv Ventures Acquisition C-A 0.27% 499,995 $5.1M No change
QSEAU Quartzsea Acquisition Corp. 0.27% 500,000 $5.0M New
NTWOU Newbury Street II Acquisitio 0.27% 500,000 $5.0M No change
RDAC Rising Dragon Acquisition Co. 0.27% 495,000 $5.0M No change
LOKVU Live Oak Acquisition Corp. V 0.27% 500,000 $5.0M New
FACTU Fact II Acquisition Corp. 0.27% 500,000 $5.0M No change
NHICU Newhold Investment Corp. III 0.27% 500,000 $5.0M New

Show all 205 holdings

Other holdings (155): bonds, preferreds, convertibles and warrants · $3.9M (not counted above)
SecurityClassShares / PrincipalValueChange
IROHR Iron Horse Acquisitions Righ RIGHT 99/99/9999 508,133$152KNo change
IMSRW HCM II Acquisition Corp. - 29 *W EXP 99/99/999 200,000$138KNo change
KDKRW Ares Acquisition Corp. II-28 *W EXP 99/99/999 367,930$107KNo change
Colombier Acquisition - 29 *W EXP 11/24/202 133,112$106KNo change
BACQR Inflection Point Acquisition RIGHT 11/04/2026 500,000$100KNo change
TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 550,000$99KNo change
BKHAR Black Hawk Acquisition C-RTS RIGHT 06/20/2025 62,997$94KNo change
DYCQR DT Cloud Acquisition Cor-RTS RIGHT 02/14/2029 400,000$92KNo change
HUDAR Hudson Acquisition I Corp.-RT RIGHT 99/99/9999 400,000$88KNo change
RDACR Rising Dragon Acquisition Co. RIGHT 11/15/2028 495,000$79KNo change
LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 399,484$79KNo change
VLOSW M3-Brigade Acquisition -30 *W EXP 99/99/999 250,000$73KNo change
FSHPR Flag Ship Acquisition Corp. RIGHT 03/31/2026 577,000$72KAdd +7.1%
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 250,000$71KAdd +2.0%
DMYYW DMY Squared Technology GR-27 *W EXP 99/99/999 99,999$70KNo change
YOTAR Yotta Acquisition Corp. - RTS RIGHT 03/15/2027 425,000$69KNo change
HCVIW Hennessy Capital Inv A -CW27 *W EXP 99/99/999 456,085$68KNo change
BRACR Broad Capital Acquis-Right RIGHT 01/10/2027 350,000$67KNo change
GLLRF Global Lights Acquisition Co. RIGHT 99/99/9999 296,802$65KNo change
RZLVW Rezolve AI PLC -CW27 *W EXP 08/15/202 318,133$65KReduce -42.2%
CAPNR Cayson Acquisition Corp. RIGHT 99/99/9999 450,000$63KNo change
LPBBW Launch Two Acquisition -29 *W EXP 10/09/202 300,000$63KNo change
JVSAR Jvspac Acquisition Corp.-RTS RIGHT 11/26/2026 246,818$62KNo change
AQUNR Aquaron Acquisition Corp.-RTS RIGHT 07/15/2026 400,000$60KNo change
EQV VENTURES ACQUISITION *W EXP 07/01/203 166,665$60KNo change
USA RARE EARTH INC *W EXP 03/13/203 88,684$59KNew
YHNAR YHN Acquisition I Ltd. RIGHT 08/15/2029 445,000$58KNo change
NETDW Nabors Energy Transiti-CW *W EXP 09/01/202 142,499$57KNo change
ATMVR Alphavest Acquisition Co.-RT RIGHT 01/22/2026 250,000$56KNo change
VCICW Vine Hill Capital Class A-2 *W EXP 07/01/203 264,197$56KNo change
CHARR Charlton Aria Acquisi-Rights RIGHT 12/31/2026 300,000$54KNo change
EURKR Eureka Acquisition Corp.-RTS RIGHT 07/03/2026 225,000$52KNo change
WTMAR Welsbach Tech Metals Acq -RT RIGHT 12/22/2026 322,133$48KNo change
GATEW Marblegate Acquisition -CW22 *W EXP 08/31/202 299,601$48KNo change
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 262,666$47KAdd +3.3%
FVNNR Future Vision II Acquisi-RTS RIGHT 06/29/2029 350,000$46KAdd +11.1%
DTSQR DT Cloud Star Acquisition Co. RIGHT 07/09/2029 290,000$45KAdd +31.8%
GPATW GP-Act III Acq Class A -CW27 *W EXP 05/13/202 225,599$42KNo change
AFJKR Aimei Health Technology Co. L RIGHT 11/17/2028 172,789$39KNo change
BAYAR Bayview Acquisition Corp. RIGHT 11/17/2028 198,887$37KNo change
CLRRF Climaterock -RTS RIGHT 10/31/2028 169,230$37KNo change
TBMCR Trailblazer Merger Corp.-RTS RIGHT 04/21/2028 161,088$35KNo change
SBXWF Silverbox Corp. IV-A- 29 *W EXP 08/19/202 99,999$35KNo change
CUBWW Lionheart Holdings - WT *W EXP 06/07/203 272,577$33KAdd +4.5%
LPAAW Launch One Acquisition - 29 *W EXP 06/01/203 224,321$33KAdd +22.2%
VACHW Voyager Acquisition Corp. -CW *W EXP 05/16/203 210,000$32KNo change
HSPRF Horizon Space Acquisition-RT RIGHT 12/27/2024 214,357$32KNo change
ATMCR Alphatime Acquisition-Right RIGHT 03/01/2028 200,000$30KNo change
ALFUW Centurion Acquisition - 29 *W EXP 05/31/203 200,000$30KNo change
SIMAW Sim Acquisition Corp. - 29 *W EXP 06/01/203 200,951$26KNo change
DISTR Distoken Acquisition Corp. RIGHT 99/99/9999 147,684$26KNo change
YOTAW Yotta Acquisition Corp. -27 *W EXP 03/15/202 425,000$23KNo change
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 236,019$23KAdd +15.1%
ISLWF Israel Acquisitions Corp.-28 *W EXP 99/99/999 199,036$22KNo change
HPAIW Helport AI Ltd. -29 *W EXP 03/31/202 74,999$21KNo change
CSLRF Consilium Acquisition -Right RIGHT 99/99/9999 175,000$21KNo change
EUDAW 8I Acquisition 2 Corp. -CW22 *W EXP 11/22/202 175,000$21KNo change
CRMLW Critical Metals Corp.-28 *W EXP 02/27/202 122,499$21KReduce -44.9%
MACIW Melar Acquisition Corp. I -29 *W EXP 06/01/203 149,999$20KNo change
NUAIW New Era Helium Inc. -29 *W EXP 12/06/202 137,612$19KNew
ANNAW Aleanna Inc. Class A - 29 *W EXP 12/13/202 74,999$19KNo change
BUJAR Bukit Jalil Global Acquisiti RIGHT 12/30/2024 71,934$19KNo change
WINVR Winvest Acquisition Corp.-RTS RIGHT 99/99/9999 150,000$18KNo change
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 85,043$18KNo change
GCLWW GCL Global Holdings-A -CW26 *W EXP 02/13/203 350,000$18KNew
OAKUR Oak Woods Acquisition Cor-RT RIGHT 03/23/2028 66,934$17KNo change
GBBKR Global Blockchain Acq - RTS RIGHT 05/09/2027 200,000$17KNo change
GDSTR Goldenstone Acquisitio-Right RIGHT 07/15/2026 185,000$16KNo change
MSSRF Metal SKY Star Acquisi-Right RIGHT 12/31/2025 200,000$16KNo change
UCFIW Iron Horse Acquisition Co.-29 *W EXP 09/30/203 508,133$15KNo change
ILLRW Agba Acquisition Ltd. -CW24 *W EXP 11/14/202 136,978$15KNew
BOWNR Bowen Acquisition Corp.-RTS RIGHT 99/99/9999 56,000$14KReduce -72.0%
NKGNW Graf Acquisition Corp.-CW28 *W EXP 05/31/202 652,432$13KNo change
ESHAR Esh Acquisition Corp. - Right RIGHT 06/13/2028 146,934$13KNo change
BSIIW Black Spade Acquisition -30 *W EXP 02/15/202 56,841$13KNo change
SDAWW Suncar Technology Group -28 *W EXP 05/17/202 62,900$12KNo change
BNIXR Bannix Acquisition Corp.-RTS RIGHT 07/31/2026 175,000$12KNo change
MRNOW Murano Global BV-28 *W EXP 03/19/202 50,000$12KNew
BYNOW Bynordic Acquisition -CW27 *W EXP 07/01/202 742,500$11KNo change
BRLSW Oxus Acquisition Corp. -CW23 *W EXP 02/07/202 100,000$11KNo change
ZOOZW Zooz Strategy Ltd.-29 *W EXP 04/02/202 200,000$10KNo change
OSRHW Bellevue Life Sciences-WRNT *W EXP 02/09/202 250,000$10KNew
RMSGW Real Messenger Corp.-28 *W EXP 11/19/202 165,000$9KNo change
IBACR Ib Acquisition Corp.-RTS RIGHT 09/28/2026 150,000$9KNo change
SLND.WS Legato Merger Corp. II -CW23 *W EXP 02/14/202 55,916$9KReduce -15.2%
PETWQ Wag! Group Co. *W EXP 07/30/202 600,000$8KNo change
GBBKW Global Blockchain Acq-CW27 *W EXP 05/09/202 300,000$8KNo change
GDSTW Goldenstone Acquisitio -CW23 *W EXP 07/15/202 185,000$7KNo change
RFAIR RF Acquisition Corp. II RIGHT 05/01/2026 100,000$7KNo change
ALCWF Alchemy Investments Acqui-28 *W EXP 11/30/202 61,935$7KNo change
ABLVW Able View Global Inc.-28 *W EXP 08/18/202 250,000$7KNo change
AAM.WS Aa Mission Acquisition -30 *W EXP 08/01/203 100,000$7KNo change
OPTXW Omnilit Acquisition Class A -23 *W EXP 99/99/999 130,610$7KNo change
KITTW Cleantech Acquisition Corpcw *W EXP 03/15/202 84,776$6KNo change
SPKWF Spark I Acquisition Corp.-28 *W EXP 10/01/203 48,465$6KNo change
SMNRW Denali Capital Acq-CW27 *W EXP 99/99/999 154,800$6KNo change
CHEB.WS Chenghe Acquisition II - 29 *W EXP 05/30/203 125,000$6KNo change
SMXWW SMX Security Matters PLC-28 *W EXP 03/07/202 199,299$6KNew
CYCUW Cycurion Inc.-CW27 *W EXP 02/13/203 150,000$6KNo change
GRMLW Anew Medical Inc. *W EXP 06/21/202 275,000$6KNo change
HOVRW Pono Capital Three Inc.-A-28 *W EXP 02/14/202 158,025$5KNo change
CSLWF Consilium Acquisition -27 *W EXP 99/99/999 87,500$5KNo change
ABVWF Above Food Ingredients- 29 *W EXP 06/28/202 231,610$5KNo change
VSEEW Digital Health Acquist-CW23 *W EXP 99/99/999 75,000$4KNo change
DHAIW Aurora Technology Acquis -28 *W EXP 04/20/202 325,000$4KNo change
BENFW Beneficient Co. Group -28 *W EXP 06/07/202 562,494$4KNo change
HSPWF Horizon Space Acquisition-28 *W EXP 12/27/202 214,357$4KNo change
DFLIW Chardan Nextech Acquisi-CW27 *W EXP 10/07/202 187,500$4KNo change
NVNWF Nvni Group Ltd.-28 *W EXP 11/01/202 124,999$4KNo change
AITRR AI Transportation Acquis-RTS RIGHT 09/01/2028 26,934$4KNo change
RAINW Rain Enhancement-CW 29 *W EXP 12/31/202 38,535$3KNew
AERTW Aeries Technology Inc. -CW23 *W EXP 11/06/202 113,187$3KNo change
ONMDW Data Knights Acq Class A -CW28 *W EXP 11/07/202 147,479$3KNo change
DFNSW T3 Defense Inc.-CW28 *W EXP 12/22/202 32,042$3KNo change
PARAW 7GC & Co. Holdings Class A -CW26 *W EXP 12/14/202 128,720$3KNo change
WINVW Winvest Acquisition -CW23 *W EXP 08/09/202 150,000$3KNo change
FORLW Four Leaf Acquisition Cor-28 *W EXP 03/15/202 81,934$3KNo change
SDSTW Global Partner Acq A -CW27 *W EXP 06/21/202 38,415$3KNo change
ATMCW Alphatime Acquisition Cor-28 *W EXP 03/01/202 200,000$3KNo change
RDZNW Vahanna Tech Edge -CW24 *W EXP 11/30/202 49,999$3KNo change
BNIXW Bannix Acquisition Corp.-CW23 *W EXP 07/31/202 175,000$3KNo change
DSYWW Big Tree Cloud Holdings -29 *W EXP 05/31/202 105,000$3KNo change
NIVFW Newgenivf Group Ltd.-28 *W EXP 04/03/202 143,997$3KNo change
DISTW Distoken Acquisition Corp.-28 *W EXP 11/30/202 147,684$2KNo change
MSSWF Metal SKY Star Acq -CW27 *W EXP 03/31/202 200,000$2KNo change
OIOWW Esgl Holdings Ltd.-28 *W EXP 08/02/202 215,000$2KNo change
MSPRZ MSP Recovery -CW26 *W EXP 05/23/202 118,881$2KNo change
OAKUW Oak Woods Acquisition -28 *W EXP 99/99/999 66,934$2KNo change
MSAIW Sportsmap Tech Acq -CW27 *W EXP 12/19/202 56,244$2KNo change
HUBCW Hub Cyber Security Ltd.-28 *W EXP 02/27/202 202,274$2KNo change
CDTTW Murphy Canyon Acq-CW27 *W EXP 09/22/202 200,000$2KNo change
CLRWF Climaterock Class A -27 *W EXP 99/99/999 84,615$2KNo change
COEPW Bull Horn Holdings Corp.-CW25 *W EXP 10/28/202 150,000$2KNo change
KVAWF Keen Vision Acquisition C-28 *W EXP 03/15/202 48,401$2KNo change
SHFSW Northern Lights Acquis -CW22 *W EXP 09/28/202 87,500$2KNo change
COOTW Australian Oilseeds Holdi-29 *W EXP 03/22/202 50,000$1KNo change
BUJAW Bukit Jalil Global Acquis-28 *W EXP 12/30/202 35,967$1KNo change
BSLKW Golden Arrow Merger A -CW26 *W EXP 08/13/202 39,633$1KNo change
SLXNW Biomotion Sciences-CW29 *W EXP 08/15/202 14,999$1KNo change
PITWF Heramba Electric PLC-28 *W EXP 07/26/202 99,998$1KNew
ECXWW Ecarx Holdings Inc. Class A-27 *W EXP 99/99/999 12,500$750No change
FTIIW Futuretech II Acq -CW27 *W EXP 08/18/202 125,000$713No change
XBPEW CF Acquisition Viii A -CW27 *W EXP 11/30/202 24,999$657No change
RMCOW American Acq Class A -CW26 *W EXP 10/31/202 49,999$650No change
ABPWW Atlantic Coast Acq -CW23 *W EXP 11/12/202 24,999$637No change
BNAIW Brand Engagement Netwo -CW27 *W EXP 03/14/202 33,332$633No change
PPYAW Papaya Growth Opportuni-CW23 *W EXP 12/31/202 34,899$523No change
MLECW Moolec Science SA *W EXP 12/30/202 48,517$412New
CGBWF Crown LNG Holdings Ltd.-28 *W EXP 07/09/202 11,000$385New
CEROW Phoenix Biotech Acq -CW26 *W EXP 02/13/202 24,998$362No change
PRENW Prenetics Global Ltd. -CW26 *W EXP 05/18/202 32,770$347No change
NMHIW Nature's Miracle Cali - 29 *W EXP 02/15/202 111,491$290No change
ZAPWF Zapp Electric Vehicles -28 *W EXP 99/99/999 24,999$220No change
MMVXF Multimetaverse Holdings -27 *W EXP 01/04/202 85,850$137No change
AILWQ Arrowroot Acquisition -CW26 *W EXP 04/16/202 65,898$7No change

Total filed on the 13F, all lines: $1.9B.

Portfolio Sells Q4 2024 → Q1 2025
BCAT BlackRock Capital Alloc TR Reduce -56.1% 1.07% −1.25
ECAT BlackRock ESG Cap All TRM TR Reduce -50.1% 1.15% −1.02
NAD Nuveen Quality Municipal Inc. Reduce -22.5% 3.94% −0.73
XNEAX Nuveen Amt-FR QLTY Muni Inc. Reduce -28.9% 2.33% −0.66
MUC BlackRock Munihold Ca QLTY Reduce -48.8% 0.81% −0.61
SKGR SK Growth Opportunities Co. Class A Sold out 0.00% −0.56
NAC Nuveen Ca QLTY Muni Inc. Reduce -42.7% 0.82% −0.49
IIM Invesco Value Municipal Inco Sold out 0.00% −0.43
NVG Nuveen Amt-FR Muni CRDT Reduce -21.6% 2.86% −0.42
NZF Nuveen Municipal Credit Inc. Reduce -27.0% 1.51% −0.36
PTA Cohen & Steers Tax-Advantage Sold out 0.00% −0.34
TYG Tortoise Energy Infrastruct Sold out 0.00% −0.34
BFACF Battery Future Acquisition-A Sold out 0.00% −0.28
FLD Fold Holdings Inc. Sold out 0.00% −0.27
CCTSF Cactus Acquisition Corp. 1 LT Sold out 0.00% −0.27
PHK PIMCO High Income Fund Reduce -29.0% 0.90% −0.24
ACP Abrdn Income Credit Strat Reduce -24.1% 1.08% −0.23
PDX PIMCO Dynamic Income Strat Reduce -12.1% 2.26% −0.22
NMCO Nuveen Municipal Credit Opp Reduce -54.5% 0.23% −0.22
IXAQF Ix Acquisition Corp. Class A Sold out 0.00% −0.21
XMUIX BlackRock Municipal Income Sold out 0.00% −0.20
BRAC Broad Capital Acquisition Co. Sold out 0.00% −0.18
MARX Mars Acquisition Corp. Sold out 0.00% −0.18
NDMO Nuveen Dynamic Municipal Opp Reduce -73.5% 0.08% −0.18
VKI Invesco Adv Muni Inc. TR II Reduce -37.3% 0.37% −0.18
BSTZ BlackRock Sci & Tech TRM TR Reduce -5.5% 1.28% −0.15
RFAC RF Acquisition Corp. Class A Sold out 0.00% −0.14
MHN BlackRock Muniholding NY QLT Reduce -30.4% 0.40% −0.13
KTF DWS Municipal Income Trust Sold out 0.00% −0.13
BGX Blackstone Long-Short Credit Sold out 0.00% −0.13
NEW AMERICA HIGH INCOME FUND Sold out 0.00% −0.12
ALPHATIME ACQUISITION CORP Sold out 0.00% −0.11
BOWN Bowen Acquisition Corp. Sold out 0.00% −0.11
NCA Nuveen California Muni Val Sold out 0.00% −0.10
IQI Invesco Quality Muni Inc. TR Reduce -20.9% 0.60% −0.10
XEADX Allspring Income Opport Reduce -30.7% 0.31% −0.10
BWG Brandywineglobal Global Inco Sold out 0.00% −0.10
CCIR Cohen Circle Acquisitio Class A Sold out 0.00% −0.10
EIM Eaton Vance Municipal Bond Reduce -24.4% 0.39% −0.10
VTN Invesco TR for Invest GRD NY Reduce -74.2% 0.04% −0.10
MMU Western Asset Managed Munici Reduce -13.1% 2.62% −0.09
XMVFX BlackRock Munivest Fund Reduce -15.2% 1.22% −0.09
AFJK Aimei Health Technology Co. Sold out 0.00% −0.09
EVN Eaton Vance Muni Inc. TR Sold out 0.00% −0.09
KACLF Kairous Acquisition Corp. Ltd. Sold out 0.00% −0.09
NAN Nuveen NY QLTY Muni Inc. Sold out 0.00% −0.08
NUV Nuveen Municipal Value Reduce -12.9% 3.61% −0.07
SBI Western Asset Intermediate Reduce -20.7% 0.51% −0.07
SPE Special Opportunities Fund Reduce -48.8% 0.08% −0.06
INTE Integral Acquisition Corp. Class A Sold out 0.00% −0.06

Portfolio Buys Q4 2024 → Q1 2025
XNQPX Nuveen Pa QLTY Muni Inc. Add +863.9% 0.39% +0.35
BINC iShares Flex I A ETF-Usd Inc. Add +74.9% 0.71% +0.34
FGMCU FG Merger II Corp. New 0.33% +0.33
XPMQX PIMCO Muni Income Fund III Add +71.0% 0.73% +0.33
SVCCU Stellar V Capital Corp. New 0.27% +0.27
KFIIU K&F Growth Acquisition Corp. New 0.27% +0.27
OCSL Oaktree Specialty Lending Co. New 0.27% +0.27
QSEAU Quartzsea Acquisition Corp. New 0.27% +0.27
LOKVU Live Oak Acquisition Corp. V New 0.27% +0.27
NHICU Newhold Investment Corp. III New 0.27% +0.27
BMEZ BlackRock HLTH Sci TRM TR II Add +4.9% 1.61% +0.27
BTX BlackRock Tech & Priv Eqty Add +85.3% 0.60% +0.25
ATIIU Archimedes Tech Spac Partner New 0.24% +0.24
GSHRU Gesher Acquisition Corp. II New 0.24% +0.24
DMAAU Drugs Made in America Acquis New 0.23% +0.23
RIBBU Ribbon Acquisition Corp. New 0.22% +0.22
FERAU Fifth Era Acquisition Corp. I New 0.21% +0.21
HVIIU Hennessy Capital Investment New 0.21% +0.21
GLO Clough Global Opportunities Add +26.6% 0.81% +0.20
PLMKU Plum Acquisition Corp. IV New 0.20% +0.20
XMHIX Pioneer Muni High Inc. TR Add +15.6% 0.93% +0.20
FTHY First Trust Hi YLD Opp 2027 Add +18.2% 0.83% +0.19
PML PIMCO Municipal Income FD II Add +20.9% 0.77% +0.19
BFK BlackRock Municipal Inc. TRST Add +0.6% 1.86% +0.19
XMIOX Pioneer Muni High Inc. Opp Add +10.1% 0.99% +0.17
COLAU Columbus Acquisition Corp. New 0.16% +0.16
DMF BNYM Municipal Income Add +7.0% 1.00% +0.16
AACBU Artius II Acquisition Inc. New 0.16% +0.16
XBTAX BlackRock LNG-TRM Muni Adv New 0.15% +0.15
MFM Aberdeen Municipal Income Add +562.5% 0.17% +0.15
XGLQX Clough Global Equity Fund Add +34.5% 0.49% +0.14
CEPO Cantor Equity Partners I-A New 0.14% +0.14
MAYWOOD ACQUISITION CORP New 0.14% +0.14
UYSCU Uy Scuti Acquisition Corp. New 0.13% +0.13
XNROX Neu Re Est Sec Inc. FD Inc.-US New 0.13% +0.13
XCMUX MFS High Yield Municipal TR Add +42.1% 0.36% +0.13
DMB BNY Mellon Muni BND Infra Add +20.0% 0.49% +0.13
OIA Invesco Municipal Income Opp New 0.12% +0.12
MUA BlackRock Muniassets Fund Add +1449.4% 0.12% +0.12
SABA Saba Capital Income & Opp II Add +3.5% 1.27% +0.11
XPMFX PIMCO Municipal Income Fund Add +34.3% 0.33% +0.10
XMQTX BlackRock Muniyield QLTY II Add +2.5% 0.73% +0.09
HQL Abrdn Life Sciences Investor Add +308.6% 0.11% +0.08
XPCQX PIMCO California Muni Inc. FD Add +21.3% 0.36% +0.08
XBKNX BlackRock Invest QLTY Muni Add +2.4% 0.60% +0.08
XPMAX Pioneer Municipal High Inc. Add +4.0% 0.66% +0.08
PNI PIMCO NY Muni Inc. II FND Add +72.2% 0.16% +0.07
BYM BlackRock Muni Inc. QLTY Add +7.7% 0.47% +0.07
XPCKX PIMCO California Municipa II Add +14.1% 0.36% +0.07
LPAA Launch One Acquisition Corp. Add +22.2% 0.24% +0.07

Notes & Other Activity Q4 2024 → Q1 2025
ROCLW Roth CH Acquisition V -CW23 *W EXP 12/10/202 Sold out 191,139 $76Kbefore exit
FSHPR Flag Ship Acquisition Corp. RIGHT 03/31/2026 Add +7.1% 577,000 $72K
DYNCW Dynamix Corp. - 29 *W EXP 10/25/202 Add +2.0% 250,000 $71K
FUFUW Bitfufu Inc.-28 *W EXP 03/01/202 Sold out 117,962 $65Kbefore exit
RZLVW Rezolve AI PLC -CW27 *W EXP 08/15/202 Reduce -42.2% 318,133 $65K
USA RARE EARTH INC *W EXP 03/13/203 New 88,684 $59K
USARW Inflection Point Acquis-C-28 *W EXP 08/31/202 Sold out 104,199 $51Kbefore exit
HOLOW Golden Path Acq -CW28 *W EXP 01/31/202 Sold out 148,500 $50Kbefore exit
POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 Add +3.3% 262,666 $47K
RFACR RF Acquisition Corp.- Rights RIGHT 05/01/2028 Sold out 292,192 $46Kbefore exit
FVNNR Future Vision II Acquisi-RTS RIGHT 06/29/2029 Add +11.1% 350,000 $46K
DTSQR DT Cloud Star Acquisition Co. RIGHT 07/09/2029 Add +31.8% 290,000 $45K
GODNR Golden Star Acquisitio-Right RIGHT 03/30/2025 Sold out 132,508 $44Kbefore exit
VGASW Cenaq Energy Corp. Class A -CW27 *W EXP 02/15/202 Sold out 142,679 $40Kbefore exit
JWSWF Jaws Mustang Acq C -CW26 *W EXP 01/30/202 Sold out 1,581,661 $40Kbefore exit
SKGRW SK Growth Opportunities -29 *W EXP 06/28/202 Sold out 56,125 $34Kbefore exit
CUBWW Lionheart Holdings - WT *W EXP 06/07/203 Add +4.5% 272,577 $33K
LPAAW Launch One Acquisition - 29 *W EXP 06/01/203 Add +22.2% 224,321 $33K
CCIRW Cohen Circle Acquisition-29 *W EXP 01/31/202 Sold out 66,666 $30Kbefore exit
KACRF Kairous Acquisition Corp.-RTS RIGHT 09/15/2026 Sold out 148,636 $30Kbefore exit
IXQWF Ix Acquisition Corp. -CW26 *W EXP 07/31/202 Sold out 490,000 $29Kbefore exit
BLACR Bellevue Life Sciences-RTS RIGHT 02/09/2028 Sold out 250,000 $29Kbefore exit
QOMOR Qomolangma Acquisition-Right RIGHT 09/29/2027 Sold out 250,000 $27Kbefore exit
HDRNW GIGCAPITAL7 Corp.-A - 29 *W EXP 08/29/202 Add +15.1% 236,019 $23K
CRMLW Critical Metals Corp.-28 *W EXP 02/27/202 Reduce -44.9% 122,499 $21K
NUAIW New Era Helium Inc. -29 *W EXP 12/06/202 New 137,612 $19K
GCLWW GCL Global Holdings-A -CW26 *W EXP 02/13/203 New 350,000 $18K
ILLRW Agba Acquisition Ltd. -CW24 *W EXP 11/14/202 New 136,978 $15K
BOWNR Bowen Acquisition Corp.-RTS RIGHT 99/99/9999 Reduce -72.0% 56,000 $14K
MRNOW Murano Global BV-28 *W EXP 03/19/202 New 50,000 $12K
GRRRW Gorilla Technology Group-CW *W EXP 99/99/999 Sold out 11,852 $11Kbefore exit
RFACW RF Acquisition Corp.-CW27 *W EXP 05/01/202 Sold out 350,000 $11Kbefore exit
CLSKW Cleanspark Inc.-29 *W EXP 12/29/202 Sold out 14,320 $10Kbefore exit
OSRHW Bellevue Life Sciences-WRNT *W EXP 02/09/202 New 250,000 $10K
SLND.WS Legato Merger Corp. II -CW23 *W EXP 02/14/202 Reduce -15.2% 55,916 $9K
MCAGR Mountain Crest Acquisiti-RTS RIGHT 08/30/2022 Sold out 215,000 $7Kbefore exit
SMXWW SMX Security Matters PLC-28 *W EXP 03/07/202 New 199,299 $6K
EVE.WS Eve Mobility Acquisit A -23 *W EXP 12/31/202 Sold out 125,000 $6Kbefore exit
NVACR Northview Acquisition Co.-RTS RIGHT 99/99/9999 Sold out 250,000 $5Kbefore exit
FNVWF Finnovate Acquisition -CW23 *W EXP 09/30/202 Sold out 93,745 $5Kbefore exit
BOCNW Blue Ocean Acquisition A -23 *W EXP 99/99/999 Sold out 186,296 $5Kbefore exit
QOMOW Qomolangma Acquisition Co.-27 *W EXP 09/29/202 Sold out 250,000 $4Kbefore exit
BFQWF Battery Future Acquis A -23 *W EXP 99/99/999 Sold out 125,000 $4Kbefore exit
INTEW Integral Acquisition -CW28 *W EXP 05/31/202 Sold out 324,999 $4Kbefore exit
RAINW Rain Enhancement-CW 29 *W EXP 12/31/202 New 38,535 $3K
GLLIR Globalink Investment Inc.-RTS RIGHT 12/06/2026 Sold out 213,000 $3Kbefore exit
ALSTF Alpha Star Acq Corp. - Rights RIGHT 12/13/2026 Sold out 98,841 $3Kbefore exit
MITAW Coliseum Acquisition A -CW28 *W EXP 08/22/202 Sold out 38,535 $3Kbefore exit
ATEKW Athena Technology Acq -CW23 *W EXP 10/17/202 Sold out 75,353 $2Kbefore exit
CTSWF Cactus Acquisition Corp.-CW23 *W EXP 08/17/202 Sold out 124,999 $2Kbefore exit

Showing the first 50 of 61.

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 320$2.1BMHD, MQY, PSUS, MYI, HYT
Q1 2026 312$2.0BMHD, MQY, MYI, HYT, VKQ
Q4 2025 299$2.1BVKQ, PDI, MHD, XMYDX, BLE
Q3 2025 294$1.7BMHD, XMYDX, VKQ, PML, BLE
Q2 2025 232$1.8BNAD, MHD, NUV, XMYDX, MMU
Q1 2025 205$1.9BNAD, NUV, NVG, MMU, XMYDX
Q4 2024 227$2.1BNAD, NUV, NVG, XNEAX, MMU
Q3 2024Amended 208$2.1BNAD, XNEAX, NUV, MMU, NVG
Q2 2024 247$2.1BNAD, XNEAX, BCAT, NVG, ECAT
Q1 2024 251$2.1BNAD, XNEAX, BCAT, NVG, MMU