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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
+3.64%
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
$2.07B
AUM Growth
-$18.8M
Cap. Flow
-$76.2M
Cap. Flow %
-3.68%
Top 10 Hldgs %
30.81%
Holding
522
New
33
Increased
41
Reduced
115
Closed
59

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$15.6M
2
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$9.29M
3
LEGT.U
Legato Merger Corp III Units
LEGT.U
+$8.06M
4
EAD
Allspring Income Opportunities Fund
EAD
+$7.05M
5
BCX icon
BlackRock Resources & Commodities Strategy Trust
BCX
+$5.41M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$18.2M
2
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$14.2M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$12.5M
4
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$12.5M
5
PAXS
PIMCO Access Income Fund
PAXS
+$8.7M

Sector Composition

Rank Sector Weight
1 Financials 9.07%
2 Technology 0.91%
3 Healthcare 0.64%
4 Industrials 0.4%
5 Materials 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JWSM.WS
226
DELISTED
Jaws Mustang Acquisition Corp. Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
JWSM.WS
$348K 0.02%
1,581,661
-273
-0% -$30
HTY
227
DELISTED
JOHN HANCOCK TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD FUND
HTY
$343K 0.02%
65,409
– –
NDP
228
DELISTED
TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP
$321K 0.02%
+9,511
New +$287K
VGAS icon
229
Verde Clean Fuels
VGAS
$28.4M
$300K 0.01%
75,000
– –
DHF
230
BNY Mellon High Yield Strategies Fund
DHF
$175M
$298K 0.01%
123,331
– –
AITR
231
DELISTED
AI Transportation Acquisition Corp
AITR
$277K 0.01%
+26,934
New +$276K
NXN
232
DELISTED
Nuveen New York Tax-Free Income Portfolio
NXN
$243K 0.01%
20,890
– –
NIM icon
233
Nuveen Select Maturities Municipal Fund
NIM
$115M
$222K 0.01%
24,737
– –
AIRJW
234
AirJoule Technologies Warrant
AIRJW
$92.4M
$220K 0.01%
399,998
– –
ALCY
235
DELISTED
Alchemy Investments Acquisition Corp 1
ALCY
$196K 0.01%
18,482
– –
FGB
236
DELISTED
First Trust Specialty Finance and Financial Opportunities Fund
FGB
$187K 0.01%
49,555
+11,387
+30% +$41K
ENX
237
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$177K 0.01%
+18,244
New +$179K
BENF icon
238
Beneficient
BENF
$39.8M
$174K 0.01%
3,880
– –
CEV
239
Eaton Vance California Municipal Income Trust
CEV
$74.6M
$159K 0.01%
+15,000
New +$158K
AFJKU
240
Aimei Health Technology Co Unit
AFJKU
$156K 0.01%
14,391
-160,609
-92% -$1.67M
DMB
241
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$195M
$151K 0.01%
14,536
– –
QFTA
242
DELISTED
Quantum FinTech Acquisition Corporation
QFTA
$141K 0.01%
13,725
-80,592
-85% -$613K
CLBR.U
243
DELISTED
Colombier Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CLBR.U
$133K 0.01%
12,813
-388,496
-97% -$4M
BREZW
244
DELISTED
Breeze Holdings Acquisition Corp. Warrant
BREZW
$126K 0.01%
100,000
– –
KRNL
245
DELISTED
Kernel Group Holdings, Inc. Class A Ordinary Shares
KRNL
$113K 0.01%
10,522
-138,500
-93% -$1.49M
HUDAR
246
DELISTED
Hudson Acquisition I Corp. Right
HUDAR
$110K 0.01%
400,000
– –
MFD
247
DELISTED
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
MFD
$107K 0.01%
13,872
– –
KYCHR
248
DELISTED
Keyarch Acquisition Corporation Rights
KYCHR
$100K ﹤0.01%
400,000
– –
IROHR
249
DELISTED
Iron Horse Acquisitions Corp Right
IROHR
$91.3K ﹤0.01%
+449,025
New +$88.5K
PETWW
250
DELISTED
Wag! Group Co Warrant
PETWW
$89.9K ﹤0.01%
600,000
– –
8 9
10
11 12

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Rivernorth Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Rivernorth Capital Management held 522 positions worth $2.07B, down 0.9% from $2.09B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $76.2M in Q1 2024, closing 59 positions and reducing 115 holdings. Its most notable exit was Gores Holdings IX, Inc. Class A Common Stock, an estimated $12.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.1% of assets, down from 10% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Rivernorth Capital Management opened a new position in Legato Merger Corp III Units worth $8.1M.

  • Rivernorth Capital Management's largest Q1 2024 buy was Legato Merger Corp III Units: 798,972 shares worth $8.1M.
  • Rivernorth Capital Management added most to Cornerstone Strategic Value Fund in Q1 2024, an estimated $15.6M increase.
  • Rivernorth Capital Management's biggest Q1 2024 reduction was Nuveen Preferred & Income Opportunities Fund, cutting an estimated $18.2M.
  • Rivernorth Capital Management fully exited Gores Holdings IX, Inc. Class A Common Stock in Q1 2024, selling an estimated $12.5M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q1 2024.
  • Rivernorth Capital Management opened 33 new positions and closed 59 in Q1 2024.
  • Rivernorth Capital Management's portfolio value fell 0.9% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2024, filed 15 May 2024.