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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
+3.94%
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
-$46.1M
Cap. Flow
-$126M
Cap. Flow %
-6.07%
Top 10 Hldgs %
30.91%
Holding
491
New
49
Increased
67
Reduced
60
Closed
103

Top Buys

Rank Stock Value
1
ACP
abrdn Income Credit Strategies Fund
ACP
+$26.9M
2
MHI
Pioneer Municipal High Income Fund
MHI
+$7.96M
3
PCF
High Income Securities Fund
PCF
+$7.68M
4
DMF
BNY Mellon Municipal Income
DMF
+$7.54M
5
OCSL icon
Oaktree Specialty Lending
OCSL
+$6.93M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$37.8M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$19.8M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$13.1M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$12.6M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$10.7M

Sector Composition

Rank Sector Weight
1 Financials 7.8%
2 Technology 0.67%
3 Consumer Staples 0.25%
4 Consumer Discretionary 0.24%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IXAQW
226
DELISTED
IX Acquisition Corp. Warrant
IXAQW
$38.2K ﹤0.01%
490,000
– –
BOWNR
227
DELISTED
Bowen Acquisition Corp Rights
BOWNR
$37.6K ﹤0.01%
200,000
– –
JWSM.WS
228
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
$36.5K ﹤0.01%
1,581,661
– –
WTMAR
229
DELISTED
Welsbach Technology Metals Acquisition Corp. one right to receive 1/10th of a share of common stock
WTMAR
$35.4K ﹤0.01%
322,133
– –
GDSTR
230
DELISTED
Goldenstone Acquisition Limited Rights
GDSTR
$35.1K ﹤0.01%
185,000
– –
BRACR
231
DELISTED
Broad Capital Acquisition Corp Rights
BRACR
$35.1K ﹤0.01%
350,000
– –
RFACR
232
DELISTED
RF Acquisition Corp. Rights
RFACR
$35.1K ﹤0.01%
292,192
– –
ATMCR
233
DELISTED
AlphaTime Acquisition Corp Right
ATMCR
$32.8K ﹤0.01%
200,000
– –
ATMVR
234
DELISTED
AlphaVest Acquisition Corp Right
ATMVR
$32.5K ﹤0.01%
250,000
– –
HCVIW
235
DELISTED
Hennessy Capital Investment Corp. VI Warrant
HCVIW
$31.9K ﹤0.01%
456,085
– –
QOMOR
236
DELISTED
Qomolangma Acquisition Corp. Right
QOMOR
$30K ﹤0.01%
250,000
– –
CLOER
237
DELISTED
Clover Leaf Capital Corp. Rights
CLOER
$30K ﹤0.01%
+300,000
New +$62.3K
VGASW icon
238
Verde Clean Fuels Warrant
VGASW
$739K
$30K ﹤0.01%
142,679
– –
BAYAR
239
DELISTED
Bayview Acquisition Corp Right
BAYAR
$29.9K ﹤0.01%
198,887
– –
CSLMR
240
DELISTED
CSLM Acquisition Corp. Right
CSLMR
$29.7K ﹤0.01%
175,000
– –
BLACR
241
DELISTED
Bellevue Life Sciences Acquisition Corp. Rights
BLACR
$26.1K ﹤0.01%
250,000
– –
TBMCR
242
DELISTED
Trailblazer Merger Corporation I Rights
TBMCR
$25.8K ﹤0.01%
161,088
– –
GLLIR
243
DELISTED
Globalink Investment Inc. Rights
GLLIR
$25.6K ﹤0.01%
213,000
– –
USARW
244
DELISTED
USA Rare Earth Inc Warrant
USARW
$24.9K ﹤0.01%
104,199
– –
GPATW
245
GP-Act III Acquisition Corp Warrants
GPATW
$2.79M
$24.8K ﹤0.01%
+225,599
New +$28.3K
SLND.WS icon
246
Southland Holdings Warrants
SLND.WS
$1.48M
$24.5K ﹤0.01%
65,966
– –
WINVR
247
DELISTED
WinVest Acquisition Corp. Right
WINVR
$24K ﹤0.01%
150,000
– –
PETWW
248
DELISTED
Wag! Group Co Warrant
PETWW
$20.9K ﹤0.01%
600,000
– –
GHIXW
249
DELISTED
Gores Holdings IX, Inc. Warrant
GHIXW
$19K ﹤0.01%
251,166
– –
ALFUW
250
Centurion Acquisition Corp Warrant
ALFUW
$3.02M
$18K ﹤0.01%
+200,000
New +$20.3K
8 9
10
11 12

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Rivernorth Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Rivernorth Capital Management held 491 positions worth $2.07B, down 2.2% from $2.12B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $126M in Q3 2024, closing 103 positions and reducing 60 holdings. Its most notable exit was Nuveen Preferred & Income Opportunities Fund, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.4% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in abrdn Income Credit Strategies Fund worth $27.3M.

  • Rivernorth Capital Management's largest Q3 2024 buy was abrdn Income Credit Strategies Fund: 4,123,676 shares worth $27.3M.
  • Rivernorth Capital Management added most to Pioneer Municipal High Income Fund in Q3 2024, an estimated $7.96M increase.
  • Rivernorth Capital Management's biggest Q3 2024 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $19.8M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Opportunities Fund in Q3 2024, selling an estimated $37.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q3 2024.
  • Rivernorth Capital Management opened 49 new positions and closed 103 in Q3 2024.
  • Rivernorth Capital Management's portfolio value fell 2.2% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.