What hedge funds are most similar to RIVERNORTH CAPITAL MANAGEMENT, LLC?

The funds with the most similar 13F portfolios to RIVERNORTH CAPITAL MANAGEMENT, LLC are ROBINSON, Rareview, Karpus, based on overlapping conviction holdings in the latest SEC filings.

How is hedge fund similarity measured?

Similarity is computed from each fund's top conviction holdings in their latest 13F filing. Funds are scored by the overlap of distinctive shared positions (the mega-caps that nearly every fund owns are excluded), so the ranking reflects genuinely shared strategy rather than common index exposure.

Hedge Funds Similar to RIVERNORTH

13F Portfolio OverlapQ2 2026RIVERNORTH portfolio →

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Most similar hedge funds by 13F overlap

RIVERNORTH CAPITAL MANAGEMENT, LLC is an institutional investor managing $2.1B across 585 U.S. equity positions as of Q2 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to RIVERNORTH are ROBINSON, Rareview, Karpus, with shared positions in $MHD, $MQY, $MYI, $PML, $PCQ, $MMU. The full ranking of 25 similar funds is below.

#1ROBINSON CAPITAL MANAGEMENT, LLCActive

Substantial overlap · 18 shared positions

$MHD $MQY $MYI $PML $PCQ $MMU

$226M

100 positions

#2Rareview Capital LLCActive

Substantial overlap · 13 shared positions

$MHD $MQY $MYI $HYT $PML $PDX

$179M

51 positions

#3Karpus Management, Inc.Passive

Notable overlap · 11 shared positions

$MHD $MYI $MQY $USA $PCQ $MYN

$3.5B

233 positions

#4MELFA WEALTH MANAGEMENT, INC.Passive

Notable overlap · 10 shared positions

$MHD $MYI $MQY $PCQ $PML $MMU

$185M

196 positions

#5Thomas J. Herzfeld Advisors, Inc.Active

Notable overlap · 9 shared positions

$PSUS $FSSL $GOF $BSTZ $FSCO $BTX

$326M

129 positions

#6Professional Financial Management, Inc.Active

Notable overlap · 5 shared positions

$MHD $MYI $PCQ $LEO $NBH

$99M

24 positions

#7INTEGRATED CAPITAL MANAGEMENT, INC.Active

Notable overlap · 10 shared positions

$MHD $PML $BBN $MMU $LEO $BRW

$143M

57 positions

#8Saba Capital Management, L.P.Passive

Notable overlap · 10 shared positions

$BSTZ $PDX $BTX $USA $LEO $BMEZ

$3.9B

400 positions

#9Almitas Capital LLCActive

Notable overlap · 8 shared positions

$FSSL $PCQ $PDX $USA $BMEZ $SABA

$417M

130 positions

#10PMG Family Office LLCPassive

Some overlap · 5 shared positions

$BSTZ $GOF $USA $GAB $RVT

$109M

114 positions

#11Gridiron Partners, LLCSmart money

Some overlap · 9 shared positions

$PML $GOF $LEO $BTT $NMZ $SABA

$191M

51 positions

#12Closed-End Fund Advisors, Inc.Passive

Some overlap · 5 shared positions

$FSSL $OTF $SABA $FSCO $PCQ

$102M

163 positions

#13Noble Wealth Management PBCPassive

Some overlap · 7 shared positions

$FSCO $FSSL $BSTZ $BBN $PDX $MHD

$223M

778 positions

#14ACCREDITED INVESTOR SERVICES, LLCSmart money

Some overlap · 6 shared positions

$MHD $BTX $VKQ $MMU $USA $AFB

$177M

81 positions

#15Shaker Financial Services, LLCPassive

Some overlap · 5 shared positions

$GAB $USA $SABA $RMT $RVT

$319M

148 positions

#16BLUE BELL PRIVATE WEALTH MANAGEMENT, LLCActive

Some overlap · 8 shared positions

$PSUS $BSTZ $BRW $RMT $BTX $RVT

$802M

716 positions

#17Whipplewood Advisors, LLCPassive

Some overlap · 5 shared positions

$HYT $VKQ $PML $TSLX $SBI

$149M

636 positions

#18Ackerman Capital Advisors, LLCActive

Some overlap · 7 shared positions

$MMU $MHD $MYI $PCQ $LEO $DSM

$497M

120 positions

#19North Ground CapitalActive

Some overlap · 5 shared positions

$OTF $FSSL $NMZ $FSCO $BRW

$83M

33 positions

#20Z3 Capital Partners, LLCPassive

Some overlap · 4 shared positions

$BSTZ $BTX $BMEZ $RVT

$476M

192 positions

#211607 Capital Partners, LLCActive

Some overlap · 6 shared positions

$USA $MMU $HYT $BMEZ $BTT $NBH

$1.1B

141 positions

#22CITY OF LONDON INVESTMENT MANAGEMENT CO LTDActive

Some overlap · 15 shared positions

$BTT $BMEZ $MQY $MYI $PDX $MHD

$1.7B

80 positions

#23Hennion & Walsh Asset Management, Inc.Passive

Some overlap · 6 shared positions

$MQY $MHD $BTT $NMZ $PML $VMO

$3.5B

955 positions

#24Compass Financial Group, INC/SDSmart money

Some overlap · 3 shared positions

$MHD $MQY $MMU

$872M

119 positions

#25Matisse CapitalPassive

Some overlap · 3 shared positions

$FSSL $FSCO $PCQ

$250M

158 positions

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Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.