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RCM

Rivernorth Capital Management Portfolio holdings

AUM $2B
1-Year Est. Return 0.79%
This Fund
S&P 500
This Quarter Est. Return
-6.48%
1 Year Est. Return
-0.79%
3 Year Est. Return
+4.8%
5 Year Est. Return
-8.69%
10 Year Est. Return
+11.73%
AUM
$1.93B
AUM Growth
-$73.9M
Cap. Flow
+$61.5M
Cap. Flow %
3.19%
Top 10 Hldgs %
31.01%
Holding
632
New
48
Increased
91
Reduced
80
Closed
87

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$19.3M
3
BLE
BlackRock Municipal Income Trust II
BLE
+$14M
4
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$13.2M
5
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$13M

Top Sells

Rank Stock Value
1
BBDC icon
Barings BDC
BBDC
+$26.1M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$16.6M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.9M
4
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$15.8M
5
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 12.36%
2 Healthcare 1.47%
3 Technology 1.18%
4 Industrials 1.07%
5 Consumer Discretionary 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRUG icon
226
TruGolf
TRUG
$984K
$991K 0.05%
172
– –
JHAA
227
DELISTED
Nuveen Corporate Income 2023 Target Term Fund
JHAA
$988K 0.05%
103,580
– –
FTII
228
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
$972K 0.05%
89,320
-55,680
-38% -$600K
IIM icon
229
Invesco Value Municipal Income Trust
IIM
$595M
$958K 0.05%
92,085
-2,732
-3% -$31.5K
ARIZ
230
DELISTED
Arisz Acquisition Corp. Common Stock
ARIZ
$947K 0.05%
88,219
– –
PRPC
231
DELISTED
CC Neuberger Principal Holdings III
PRPC
$926K 0.05%
+84,960
New +$924K
FORL
232
DELISTED
Four Leaf Acquisition Corp
FORL
$891K 0.05%
85,000
– –
SGII
233
DELISTED
Seaport Global Acquisition II Corp. Class A Common Stock
SGII
$803K 0.04%
+75,000
New +$797K
MSAI icon
234
MultiSensor AI
MSAI
$10.8M
$801K 0.04%
1,875
– –
GATE
235
DELISTED
Marblegate Acquisition Corp. Class A Common Stock
GATE
$783K 0.04%
75,000
– –
BUJA
236
DELISTED
Bukit Jalil Global Acquisition 1
BUJA
$776K 0.04%
+75,000
New +$768K
MUJ icon
237
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$653M
$763K 0.04%
75,381
+8,779
+13% +$95.8K
RCAC
238
DELISTED
Revelstone Capital Acquisition Corp. Class A Common Stock
RCAC
$759K 0.04%
+71,413
New +$751K
AAC.WS
239
DELISTED
Ares Acquisition Corporation Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
AAC.WS
$752K 0.04%
1,138,723
-16,506
-1% -$13.1K
ACBA
240
DELISTED
Ace Global Business Acquisition Ltd
ACBA
$735K 0.04%
62,985
– –
NBW
241
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
$733K 0.04%
74,901
+31,312
+72% +$329K
PYN
242
DELISTED
PIMCO New York Municipal Income Fund III
PYN
$721K 0.04%
136,329
+29,382
+27% +$176K
OAKU
243
DELISTED
Oak Woods Acquisition Corp
OAKU
$711K 0.04%
68,070
-1,930
-3% -$20K
PPHP
244
DELISTED
PHP Ventures Acquisition Corp. Class A Common Stock
PPHP
$690K 0.04%
63,064
– –
BOAC
245
DELISTED
Bluescape Opportunities Acquisition Corp.
BOAC
$638K 0.03%
63,688
– –
HYB
246
DELISTED
New America High Income Fund, Inc.
HYB
$602K 0.03%
92,977
+17,384
+23% +$116K
PPYA
247
DELISTED
Papaya Growth Opportunity Corp. I Class A Common Stock
PPYA
$602K 0.03%
56,331
– –
EDD
248
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$382M
$562K 0.03%
132,269
-331,333
-71% -$1.56M
LCW
249
DELISTED
Learn CW Investment Corporation Class A Ordinary Shares
LCW
$532K 0.03%
49,998
– –
TTP
250
DELISTED
TORTOISE PIPELINE & ENERGY FUND, INC.
TTP
$530K 0.03%
18,863
-44,519
-70% -$1.26M
8 9
10
11 12

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Rivernorth Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Rivernorth Capital Management held 632 positions worth $1.93B, down 3.7% from $2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management deployed $61.5M of net new capital in Q3 2023, opening 48 new positions and adding to 91 existing holdings. Its largest new stake was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.

By sector, the portfolio is most concentrated in Financials at 12% of assets, down from 13% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Barings BDC, an estimated $26.1M trimmed.

  • Rivernorth Capital Management's largest Q3 2023 buy was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2023, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q3 2023 reduction was Barings BDC, cutting an estimated $26.1M.
  • Rivernorth Capital Management fully exited BlackRock Corporate High Yield Fund in Q3 2023, selling an estimated $9.1M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.93B portfolio in Q3 2023.
  • Rivernorth Capital Management opened 48 new positions and closed 87 in Q3 2023.
  • Rivernorth Capital Management's portfolio value fell 3.7% quarter-over-quarter to $1.93B.

Based on Rivernorth Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.