Rivernorth Capital Management Posiciones de la cartera
RiverNorth Capital Management is an investment manager that builds its strategies around closed-end funds, which it has traded since 2004, looking for pricing gaps in the market. Founded in 2000, it launched its first mutual fund dedicated to closed-end funds in 2006 and a long/short closed-end fund arbitrage strategy in 2007. It has paired with outside managers on funds: DoubleLine for a fixed income fund in 2010, Oaktree for a high income fund in 2012, and MacKay Shields for municipal income closed-end funds from 2018. It began investing in special purpose acquisition companies in 2016. Patrick Galley, its chief executive and chief investment officer, joined in 2004 from Bank of America's investment bank portfolio management group. The firm sees broad markets as mostly efficient but some areas as drifting out of line, and it focuses on individual securities rather than forecasting the economy.
Principales compras
| Clasificación | Acción | Valor |
|---|---|---|
| 1 |
Pershing Square USA
PSUS
|
+USD 83.5 M |
| 2 |
Gabelli Equity Trust
GAB
|
+USD 37 M |
| 3 |
Vanguard Tax-Exempt Bond Index Fund
VTEB
|
+USD 27.2 M |
| 4 |
BlackRock Taxable Municipal Bond Trust
BBN
|
+USD 22.3 M |
| 5 |
Blue Owl Technology Finance Corp
OTF
|
+USD 17.9 M |
Principales ventas
| Clasificación | Acción | Valor |
|---|---|---|
| 1 |
FS KKR Capital
FSK
|
+USD 21.3 M |
| 2 |
Compass
COMP
|
+USD 20.3 M |
| 3 |
Invesco Municipal Trust
VKQ
|
+USD 15.9 M |
| 4 |
Cohen & Steers Infrastructure Fund
UTF
|
+USD 14.9 M |
| 5 |
Morgan Stanley Direct Lending Fund
MSDL
|
+USD 14.7 M |
Composición por sector
| Clasificación | Sector | Peso |
|---|---|---|
| 1 | Varios | 61.17% |
| 2 | Finanzas | 38.14% |
| 3 | Consumo discrecional | 0.32% |
| 4 | Bienes raíces | 0.29% |
| 5 | Salud | 0.03% |
| Nombre | Valor de mercado | Peso en el portafolio | Acciones o capital principal |
Cambio en la participación | Flujo de capital | En cartera desde | |
|---|---|---|---|---|---|---|---|
1
BlackRock MuniHoldings Fund
MHD
USD 1889 M
| USD 143 M | 6.78% |
11,987,371
-518,454
| -4% | -USD 6.06 M |
2021 Q1
21 trimestres
|
|
2
BlackRock MuniYield Quality Fund
MQY
USD 1586 M
| USD 82.3 M | 3.91% |
7,094,331
-805,024
| -10% | -USD 9.16 M |
2022 Q3
15 trimestres
|
|
|
3
Pershing Square USA
PSUS
| USD 78.1 M | 3.71% |
+2,089,216
| Nuevas | +USD 83.5 M |
2026 Q2
0 trimestres
|
|
4
BlackRock MuniYield Quality Fund III
MYI
USD 1239 M
| USD 52.9 M | 2.51% |
4,760,961
-493,372
| -9% | -USD 5.38 M |
2021 Q4
18 trimestres
|
|
5
BlackRock Corporate High Yield Fund
HYT
USD 1544 M
| USD 47.3 M | 2.25% |
5,529,831
-369,771
| -6% | -USD 3.18 M |
2026 Q1
1 trimestre
|
|
6
BlackRock Science and Technology Term Trust
BSTZ
USD 1640 M
| USD 45.4 M | 2.16% |
1,511,481
+17,544
| +1% | +USD 484 k |
2023 Q4
10 trimestres
|
|
|
7
Blue Owl Technology Finance Corp
OTF
USD 4313 M
| USD 39.2 M | 1.86% |
3,788,852
+1,612,583
| +74% | +USD 17.9 M |
2025 Q3
3 trimestres
|
|
|
8
Gabelli Equity Trust
GAB
USD 1786 M
| USD 37.4 M | 1.78% |
+6,609,367
| Nuevas | +USD 37 M |
2026 Q2
0 trimestres
|
|
9
iShares National Muni Bond ETF
MUB
USD 54.8 mil M
| USD 36.7 M | 1.74% |
340,663
+3,712
| +1% | +USD 397 k |
2025 Q4
2 trimestres
|
|
10
PIMCO Municipal Income Fund II
PML
USD 866 M
| USD 34.1 M | 1.62% |
4,482,914
+231,386
| +5% | +USD 1.74 M |
2024 Q4
6 trimestres
|
|
11
FS Specialty Lending Fund
FSSL
USD 882 M
| USD 31.2 M | 1.48% |
2,800,048
+484,934
| +21% | +USD 5.73 M |
2025 Q4
2 trimestres
|
|
12
Guggenheim Strategic Opportunities Fund
GOF
USD 2002 M
| USD 29.1 M | 1.38% |
2,666,430
+778,095
| +41% | +USD 8.69 M |
2025 Q4
2 trimestres
|
|
|
13
Invesco Municipal Trust
VKQ
USD 496 M
| USD 27.6 M | 1.31% |
2,749,965
-1,637,091
| -37% | -USD 15.9 M |
2021 Q4
18 trimestres
|
|
|
14
Vanguard Tax-Exempt Bond Index Fund
VTEB
USD 51.7 mil M
| USD 27.4 M | 1.3% |
+541,385
| Nuevas | +USD 27.2 M |
2026 Q2
0 trimestres
|
|
15
FS Credit Opportunities Corp
FSCO
USD 1017 M
| USD 27.2 M | 1.29% |
5,444,012
+1,435,590
| +36% | +USD 7.21 M |
2026 Q1
1 trimestre
|
|
|
16
BlackRock Taxable Municipal Bond Trust
BBN
USD 915 M
| USD 26.2 M | 1.25% |
1,622,646
+1,389,024
| +595% | +USD 22.3 M |
2026 Q1
1 trimestre
|
|
17
Liberty All-Star Equity Fund
USA
USD 1818 M
| USD 25.2 M | 1.2% |
4,332,937
-863,302
| -17% | -USD 4.98 M |
2025 Q3
3 trimestres
|
|
18
BlackRock Technology and Private Equity Term Trust
BTX
USD 872 M
| USD 24.7 M | 1.18% |
2,737,496
+167,458
| +7% | +USD 1.39 M |
2026 Q1
1 trimestre
|
|
19
Pimco California Municipal Income Fund
PCQ
USD 156 M
| USD 23.1 M | 1.1% |
2,575,012
+63,012
| +3% | +USD 553 k |
2023 Q1
13 trimestres
|
|
20
PIMCO Dynamic Income Strategy Fund
PDX
USD 903 M
| USD 22.9 M | 1.09% |
1,101,509
-37,088
| -3% | -USD 784 k |
2019 Q2
28 trimestres
|
|
21
Saba Capital Income & Opportunities Fund II
SABA
USD 205 M
| USD 22.6 M | 1.08% |
2,711,592
-146,011
| -5% | -USD 1.23 M |
2023 Q2
12 trimestres
|
|
22
Western Asset Managed Municipals Fund
MMU
USD 515 M
| USD 18.3 M | 0.87% |
1,757,452
-181,356
| -9% | -USD 1.86 M |
2020 Q1
25 trimestres
|
|
23
Invesco Municipal Opportunity Trust
VMO
USD 602 M
| USD 16.8 M | 0.8% |
1,703,324
-1,028,952
| -38% | -USD 10 M |
2022 Q1
17 trimestres
|
|
24
Sixth Street Specialty
TSLX
USD 1701 M
| USD 16.6 M | 0.79% |
969,599
+678,646
| +233% | +USD 12.1 M |
2026 Q1
1 trimestre
|
|
25
BlackRock MuniYield New York Quality Fund
MYN
USD 866 M
| USD 16.5 M | 0.78% |
1,624,077
-98,655
| -6% | -USD 980 k |
2022 Q3
15 trimestres
|
|
Fondos similares
Revisión del portafolio de Rivernorth Capital Management en T2 2026
Al cierre de T2 2026, Rivernorth Capital Management mantenía 696 posiciones por un valor de USD 2103 M, un aumento de 5.1% frente a los USD 2001 M del trimestre anterior. Sus diez principales posiciones representan 28% de la cartera.
El reporte de T2 2026 de Rivernorth Capital Management muestra 154 nuevos, Aumentaron 42, 92 reducidas y 111 cerradas posiciones. Su mayor nueva posición fue Pershing Square USA: 2,089,216 acciones con un valor de USD 78.1 M. La mayor venta fue FS KKR Capital, por un valor estimado de USD 21.3 M.
Por sector, la cartera tiene su mayor concentración en Varios, con 61% de los activos, frente a 61% un trimestre antes; le siguen Finanzas y Consumo discrecional.
- La mayor compra de Rivernorth Capital Management en T2 2026 fue Pershing Square USA: 2,089,216 acciones por un valor de USD 78.1 M.
- Rivernorth Capital Management fue quien más aumentó su posición en BlackRock Taxable Municipal Bond Trust durante T2 2026, con un incremento estimado de USD 22.3 M.
- La mayor reducción de Rivernorth Capital Management durante T2 2026 fue en Invesco Municipal Trust, con un recorte estimado de USD 15.9 M.
- Rivernorth Capital Management cerró por completo su posición en FS KKR Capital en T2 2026, con una venta estimada de USD 21.3 M.
- Las diez principales posiciones de Rivernorth Capital Management representan 28% de su cartera de USD 2103 M en T2 2026.
- Rivernorth Capital Management abrió 154 posiciones nuevas y cerró 111 en T2 2026.
- El valor de la cartera de Rivernorth Capital Management aumentó 5.1% respecto al trimestre anterior, hasta USD 2103 M.
Según el Informe 13F de Rivernorth Capital Management correspondiente a T2 2026, presentado el 14 ago 2026.