Robinson Capital Management, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Robinson Capital Management, LLC reported 114 stock positions worth $236.0 million. Its top holding was Invesco Trust for Investmen (VGM) at 5.1% of the portfolio, followed by Invesco Municipal Opport (VMO, 4.8%) and BlackRock Municipal Inc. TRST (BFK, 4.4%). Compared with Q3 2025, it opened 28 new positions, sold out of 4, added to 40 and reduced 6. The biggest buy was a new position in Eaton Vance Municipal Bond (EIM) and the biggest sale BlackRock Municipal Inc. TRST (BFK, shares −7%).

Most Recent 13F
Q2 2026
Location
GROSSE POINTE FARMS, MI
CIK
0001599795
Portfolio Value
$236.0M (Q4 2025)
SEC Filing
0001213900-26-016019 ↗ filed Feb 13, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $277.4M Q1 2024 Q2 2024: $277.2M Q2 2024 Q3 2024: $290.4M Q3 2024 Q4 2024: $247.7M Q4 2024 Q1 2025: $246.0M Q1 2025 Q2 2025: $237.6M Q2 2025 Q3 2025: $137.9M Q3 2025 Q4 2025: $236.0M $236.0M Q4 2025 Q1 2026: $220.5M Q1 2026 Q2 2026: $223.4M Q2 2026

Holdings 114 stocks · $236.0M
VGM Invesco Trust for Investmen 5.13% 1,168,261 $12.1M Add +0.1%
VMO Invesco Municipal Opport 4.76% 1,174,056 $11.2M Add +6.0%
BFK BlackRock Municipal Inc. TRST 4.41% 1,038,657 $10.4M Reduce -7.0%
BLE BlackRock Muni Inc. TR II 3.64% 823,485 $8.6M Add +14.6%
MIY BlackRock Muniyield Mi QLTY 2.81% 565,225 $6.6M Add +2.9%
EIM Eaton Vance Municipal Bond 2.79% 676,797 $6.6M New
MQY BlackRock Muniyield Quality 2.72% 568,312 $6.4M New
MMU Western Asset Managed Munici 2.62% 592,100 $6.2M Add +45.1%
XBFZX BlackRock Ca Muni Inc. TR 2.53% 555,262 $6.0M New
IQI Invesco Quality Muni Inc. TR 2.42% 573,877 $5.7M Add +16.2%
MYI BlackRock Muniyield QLTY III 2.42% 524,385 $5.7M Add +65.5%
VKQ Invesco Municipal Trust 2.40% 587,866 $5.7M Reduce -7.0%
MMD Nylim Mackay Definedterm Mun filed as NYLI MACKAY DEFINEDTERM MUNI 2.39% 379,555 $5.6M New
XMVTX BlackRock Munivest Fund II 2.39% 483,656 $5.6M Add +27.0%
RFMZ Rivernorth Flex Muni II 2.38% 443,415 $5.6M Add +161.8%
LEO BNY Mellon Strategic Muni 2.28% 846,916 $5.4M New
XRMMX Rvrnrth MGD Dur Muni Inc. filed as RIVERNORTH MANAGED DUR MUN I 2.28% 394,857 $5.4M Add +173.6%
BYM BlackRock Muni Inc. QLTY 2.26% 486,901 $5.3M Add +56.8%
PMO Franklin Muncipl Opps Tst-Ui 2.24% 493,396 $5.3M Add +207.5%
MUJ BlackRock Munihold NJ QLTY 2.16% 427,670 $5.1M No change
XMQTX BlackRock Muniyield QLTY II 2.09% 490,980 $4.9M Add +52.5%
XNXJX Nuveen NJ QLTY Muni Inc. 1.99% 371,039 $4.7M Reduce -1.6%
VKI Invesco Adv Muni Inc. TR II 1.75% 453,981 $4.1M Reduce -3.8%
XBNYX BlackRock New York Muni Inc. 1.68% 392,164 $4.0M New
XMVFX BlackRock Munivest Fund 1.62% 550,570 $3.8M Add +83.2%
XMYDX BlackRock Muniyield Fund 1.56% 350,068 $3.7M Add +1273.6%
DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD 1.53% 587,374 $3.6M New
XPCQX PIMCO California Muni Inc. FD 1.42% 383,833 $3.4M New
MHD BlackRock Muniholdings Fund 1.39% 279,885 $3.3M Add +169.7%
VPV Invesco Pa Val Muni Inc. 1.28% 288,378 $3.0M No change
IIM Invesco Value Municipal Inco 1.22% 232,777 $2.9M Reduce -13.1%
NRK Nuveen NY Amt-FR Muni Inc. 1.18% 275,353 $2.8M Add +165.9%
MHN BlackRock Muniholding NY QLT 1.17% 269,543 $2.8M New
XNEAX Nuveen Amt-FR QLTY Muni Inc. 1.15% 233,254 $2.7M New
MUC BlackRock Munihold Ca QLTY 1.14% 254,034 $2.7M No change
NBH Neuberger Municipal Fund Inc. 1.05% 243,933 $2.5M Add +178.7%
RMI Rivernorth Opport Muni Inc. 0.99% 162,647 $2.3M Add +150.7%
NAD Nuveen Quality Municipal Inc. 0.95% 187,255 $2.3M Add +15.1%
PML PIMCO Municipal Income FD II 0.94% 292,780 $2.2M New
NZF Nuveen Municipal Credit Inc. 0.92% 173,434 $2.2M New
RFM Rivernorth Flexible Muni 0.92% 154,999 $2.2M Add +88.6%
CXE MFS High Income Municipal TR 0.91% 580,075 $2.1M New
XBKNX BlackRock Invest QLTY Muni 0.76% 159,331 $1.8M Add +40.3%
FMN Federated Herm Prem Muni Inc. 0.72% 152,782 $1.7M New
SBI Western Asset Intermediate 0.64% 196,578 $1.5M Add +1.1%
PMM Franklin Managed Municipal I 0.61% 230,145 $1.4M New
EOT Eaton Vance National Municip 0.60% 78,454 $1.4M New
NVG Nuveen Amt-FR Muni CRDT 0.54% 100,000 $1.3M New
MYN BlackRock Muniyield NY QLTY 0.50% 118,020 $1.2M Add +162.2%
NMCO Nuveen Municipal Credit Opp 0.45% 103,386 $1.1M New
MUA BlackRock Muniassets Fund 0.45% 99,160 $1.1M Reduce -45.7%
AFB Allianceberstein NTL Muni 0.39% 84,467 $914K New
MFM Aberdeen Municipal Income 0.37% 161,488 $877K Add +59.1%
MUE BlackRock Munihold QLT FD II 0.36% 84,859 $851K Add +539.8%
NUV Nuveen Municipal Value 0.33% 85,384 $774K No change
ERH Allspring Utilities and High 0.30% 55,117 $712K No change
PFD Flaherty & Crumrin Pre&inc F 0.28% 55,073 $654K Add +0.1%
EHI Western Asset Global High Inc. 0.27% 98,930 $634K Add +3.1%
XBTAX BlackRock LNG-TRM Muni Adv 0.26% 67,182 $623K New
HIX Western Asset High Inc. II 0.26% 147,805 $615K Add +0.1%
DLY Doubleline Yield Opport 0.26% 42,032 $611K Add +25.6%
BIT BlackRock Multi-Sector Inc. 0.26% 46,524 $608K Add +17.9%
KIO KKR Income Opportunities 0.26% 52,154 $604K Add +0.1%
RA Brookfield Real Assets Incom 0.26% 46,602 $604K No change
DMO Western Asset Mort Def Opp 0.25% 53,687 $594K No change
WIW Western Asst Infl-LNK Opp 0.25% 68,910 $592K Add +0.3%
JFR Nuveen Floating Rate Income 0.25% 73,895 $579K Add +22.2%
PGZ Principal Real Estate Income 0.22% 51,088 $511K Add +10.8%
NCZ Virtus Convertible & Income 0.21% 35,467 $489K No change
VVR Invesco Senior Income Trust 0.21% 148,027 $485K No change
NCV Virtus Convertible & Income 0.20% 31,336 $475K No change
KTF DWS Municipal Income Trust 0.19% 48,933 $445K New
HEQ John Hancock Divers Inc. Fund 0.15% 33,779 $363K Add +11.4%
DMAAU Drugs Made in America Acquis 0.13% 30,000 $315K No change
EMO Clearbridge Energy Midstream 0.11% 6,000 $269K New
XEMDX Western Asset Emrg MRKT DBT 0.11% 24,923 $265K Add +0.6%
XWIAX Western Asset Infl-Link Sec 0.11% 31,111 $257K No change
FSCO FS Credit Opportunities Corp. 0.11% 40,300 $254K New
DMIIU Drugs Made in America Acquis 0.11% 25,000 $250K New
JHI John Hancock Investors TR 0.10% 18,107 $248K New
GPAT GP-Act III Acquisition-A 0.10% 22,250 $238K No change
IPEX Inflection Point Acquisition 0.10% 22,451 $230K No change
ORIQU Origin Investment Corp. I 0.10% 22,000 $225K New
CUBWU Lionheart Holdings 0.09% 18,000 $217K No change
CHPG Championsgate Acquisitio-A 0.09% 20,305 $207K No change
CCIX Churchill Capital Corp. Ix 0.08% 18,250 $194K No change
RANG Range Capital Acquisition Co. 0.08% 18,250 $193K No change
MRLN Merlin Inc. filed as INFLECTION POINT ACQUISITION 0.07% 15,250 $163K No change
ALF Centurion Acquisition Corp. 0.07% 15,250 $163K No change
VACH Voyager Acquisition Corp. 0.07% 15,250 $163K No change
LPAA Launch One Acquisition Corp. 0.07% 15,250 $161K No change
SIMA Sim Acquisition Corp. I-A 0.07% 15,250 $161K No change
LPBBU Launch Two Acquisition Corp. 0.07% 15,250 $160K No change
CHARU Charlton Aria Acquisition Co. 0.07% 15,250 $160K No change
FTW Eqv Ventures Acquisition C-A 0.07% 15,250 $160K No change
NTWO Newbury Street II Ac Class A 0.07% 15,250 $160K No change
FACT Fact II Acquisition Corp. 0.07% 15,250 $159K No change
RAC Rithm Acquisition Corp. Class A 0.07% 15,250 $158K No change
COLA Columbus Acquisition Corp. 0.07% 15,250 $158K Add +27.1%
KFII K&F Growth Acquisition Cor-A 0.07% 15,250 $158K No change

Show all 114 holdings

Options reported separately and not counted above: HYD calls ($4.9M), REM calls ($653K), VT calls ($494K), DYNC calls ($157K).

Other holdings (2): bonds, preferreds, convertibles and warrants · $2.4M (not counted above)
SecurityClassShares / PrincipalValueChange
RMMZ Rvrnrth MGD Dur Muni Inc. II COM · principal 168,539$2.4MAdd +98.3%
RFAIR RF Acquisition Corp. II RIGHT 05/01/2026 · principal 20,000$2KNo change

Total filed on the 13F, all lines: $238.5M.

Portfolio Sells Q3 2025 → Q4 2025
BFK BlackRock Municipal Inc. TRST Reduce -7.0% 4.41% −3.73
VKQ Invesco Municipal Trust Reduce -7.0% 2.40% −2.02
XNXJX Nuveen NJ QLTY Muni Inc. Reduce -1.6% 1.99% −1.41
VKI Invesco Adv Muni Inc. TR II Reduce -3.8% 1.75% −1.25
IIM Invesco Value Municipal Inco Reduce -13.1% 1.22% −1.22
MUA BlackRock Muniassets Fund Reduce -45.7% 0.45% −1.05
XNQPX Nuveen Pa QLTY Muni Inc. Sold out 0.00% −0.50
RFAI RF Acquisition Corp. II Sold out 0.00% −0.16
DYNC Dynamix Corp. Sold out 0.00% −0.12
PDT John Hancock Prem DVD FND Sold out 0.00% −0.10

Portfolio Buys Q3 2025 → Q4 2025
EIM Eaton Vance Municipal Bond New 2.79% +2.79
MQY BlackRock Muniyield Quality New 2.72% +2.72
XBFZX BlackRock Ca Muni Inc. TR New 2.53% +2.53
MMD Nylim Mackay Definedterm Mun New 2.39% +2.39
LEO BNY Mellon Strategic Muni New 2.28% +2.28
XBNYX BlackRock New York Muni Inc. New 1.68% +1.68
DSM BNYM Strat Muni BND New 1.53% +1.53
XPCQX PIMCO California Muni Inc. FD New 1.42% +1.42
XMYDX BlackRock Muniyield Fund Add +1273.6% 1.56% +1.36
MHN BlackRock Muniholding NY QLT New 1.17% +1.17
XNEAX Nuveen Amt-FR QLTY Muni Inc. New 1.15% +1.15
PMO Franklin Muncipl Opps Tst-Ui Add +207.5% 2.24% +1.03
PML PIMCO Municipal Income FD II New 0.94% +0.94
NZF Nuveen Municipal Credit Inc. New 0.92% +0.92
CXE MFS High Income Municipal TR New 0.91% +0.91
XRMMX Rvrnrth MGD Dur Muni Inc. Add +173.6% 2.28% +0.80
RFMZ Rivernorth Flex Muni II Add +161.8% 2.38% +0.78
FMN Federated Herm Prem Muni Inc. New 0.72% +0.72
PMM Franklin Managed Municipal I New 0.61% +0.61
EOT Eaton Vance National Municip New 0.60% +0.60
NVG Nuveen Amt-FR Muni CRDT New 0.54% +0.54
MHD BlackRock Muniholdings Fund Add +169.7% 1.39% +0.51
NMCO Nuveen Municipal Credit Opp New 0.45% +0.45
NRK Nuveen NY Amt-FR Muni Inc. Add +165.9% 1.18% +0.41
NBH Neuberger Municipal Fund Inc. Add +178.7% 1.05% +0.39
AFB Allianceberstein NTL Muni New 0.39% +0.39
RMI Rivernorth Opport Muni Inc. Add +150.7% 0.99% +0.30
XBTAX BlackRock LNG-TRM Muni Adv New 0.26% +0.26
MUE BlackRock Munihold QLT FD II Add +539.8% 0.36% +0.26
KTF DWS Municipal Income Trust New 0.19% +0.19
MYN BlackRock Muniyield NY QLTY Add +162.2% 0.50% +0.17
XMVFX BlackRock Munivest Fund Add +83.2% 1.62% +0.12
EMO Clearbridge Energy Midstream New 0.11% +0.11
FSCO FS Credit Opportunities Corp. New 0.11% +0.11
DMIIU Drugs Made in America Acquis New 0.11% +0.11
JHI John Hancock Investors TR New 0.10% +0.10
ORIQU Origin Investment Corp. I New 0.10% +0.10
INACU Indigo Acquisition Corp. New 0.06% +0.06
RFM Rivernorth Flexible Muni Add +88.6% 0.92% +0.06
PAII.U Pyrophyte Acquisition Corp. I New 0.05% +0.05
MCGAU Yorkville Acquisition Corp. Add +52.0% 0.07% −0.01
COLA Columbus Acquisition Corp. Add +27.1% 0.07% −0.02
LEGT Legato Merger Corp. III Add +22.0% 0.06% −0.02
MFM Aberdeen Municipal Income Add +59.1% 0.37% −0.03
XEMDX Western Asset Emrg MRKT DBT Add +0.6% 0.11% −0.07
HEQ John Hancock Divers Inc. Fund Add +11.4% 0.15% −0.08
DLY Doubleline Yield Opport Add +25.6% 0.26% −0.11
JFR Nuveen Floating Rate Income Add +22.2% 0.25% −0.11
BIT BlackRock Multi-Sector Inc. Add +17.9% 0.26% −0.13
MYI BlackRock Muniyield QLTY III Add +65.5% 2.42% −0.13

Options Activity Q3 2025 → Q4 2025
PZA Invesco National Amt-Free Mu call Sold out 550,000 $12.7Mbefore exit
MUB iShares National Muni Bond E call Sold out 109,400 $11.7Mbefore exit
VTEB Vanguard Tax-Exempt Bond ETF call Sold out 230,000 $11.5Mbefore exit
TFI SS SPDR N Ice Muni Bond ETF call Sold out 135,464 $6.2Mbefore exit
HYD Vaneck High Yield Muni ETF call Reduce -21.9% 96,212 $4.9M
DYNC Dynamix Corp. call New 15,250 $157K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q3 2025 → Q4 2025
RMMZ Rvrnrth MGD Dur Muni Inc. II COM · principal Add +98.3% 168,539 $2.4M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 88$223.4MMHD, MQY, MYI, MUC, EIM
Q1 2026 101$220.5MMHD, MQY, MYI, MUC, EIM
Q4 2025 114$236.0MVGM, VMO, BFK, BLE, MIY
Q3 2025 90$137.9MVGM, BFK, VMO, BLE, MIY
Q2 2025 110$237.6MVMO, VGM, BFK, VKQ, BLE
Q1 2025 105$246.0MVMO, VGM, BFK, VKQ, NAD
Q4 2024 100$247.7MVMO, VGM, NAD, BFK, VKQ
Q3 2024 178$290.4MNAD, NZF, NVG, XNEAX, BFK
Q2 2024 168$277.2MNVG, NAD, NZF, XNEAX, BFK
Q1 2024 171$277.4MNZF, NVG, NAD, XNEAX, BFK