Results/Conclusions δ13C was greater in retention treatments than overstory controls and greater in understory release treatments than understory controls for Pinus banksiana, P. resinosa, and P. strobus seedlings, but did not differ among retention treatments. δ18O was lower in overstory controls than retention treatments for P. resinosa, but similar among treatments for the other species. Net photosynthesis (Anet), transpiration (E), and stomatal conductance (gs) were greater in retention treatments than overstory controls. P. banksiana had the highest Anet, but E, and gs were not significantly different among species. Predawn xylem water potentials were higher in retention treatments than overstory controls, and greater in understory release treatments than understory controls. These results suggest retention harvesting treatments impact seedling performance by increasing Anet and reducing moisture stress. The relationship between δ18O and δ13C suggests the enriched δ13C signature of retention treatments was driven primarily by increased Anet rather than reduced gs, which is supported by gas-exchange and water potential data that indicate retention harvesting treatments reduced moisture stress by increasing water availability. Our results indicate little variability in seedling performance among harvest treatments, suggesting variable retention systems offer considerable flexibility for meeting diverse management goals.