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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
-4.74%
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
$2.23B
AUM Growth
-$240M
Cap. Flow
-$153M
Cap. Flow %
-6.87%
Top 10 Hldgs %
22.33%
Holding
940
New
121
Increased
146
Reduced
85
Closed
68

Top Buys

Rank Stock Value
1
ZTR
Virtus Total Return Fund
ZTR
+$22.4M
2
PAXS
PIMCO Access Income Fund
PAXS
+$16M
3
VVR icon
Invesco Senior Income Trust
VVR
+$9.57M
4
BFK
BlackRock Municipal Income Trust
BFK
+$9.31M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$7.54M

Top Sells

Rank Stock Value
1
PSTH
Pershing Square Tontine Holdings, Ltd.
PSTH
+$41.6M
2
CLM icon
Cornerstone Strategic Value Fund
CLM
+$33.6M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$32.8M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.1M
5
PTA icon
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
+$24.8M

Sector Composition

Rank Sector Weight
1 Financials 27.26%
2 Healthcare 1.37%
3 Technology 1.26%
4 Industrials 0.95%
5 Communication Services 0.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPK
251
DELISTED
SPK Acquisition Corp. Common Stock
SPK
$1.91M 0.09%
186,789
– –
NQP
252
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$1.89M 0.08%
172,178
-190,471
-53% -$2.3M
VKI icon
253
Invesco Advantage Municipal Income Trust II
VKI
$398M
$1.89M 0.08%
+232,502
New +$2.13M
SVFAU
254
DELISTED
SVF Investment Corp. Unit
SVFAU
$1.87M 0.08%
187,289
– –
GDSTU
255
DELISTED
Goldenstone Acquisition Limited Units
GDSTU
$1.86M 0.08%
185,000
-60,000
-24% -$604K
KAHC.U
256
DELISTED
KKR Acquisition Holdings I Corp. Units, each consisting of one share of Class A Common Stock and one-fourth of one redeemable warrant
KAHC.U
$1.83M 0.08%
185,247
– –
ROCLU
257
DELISTED
Roth CH Acquisition V Co. Unit
ROCLU
$1.83M 0.08%
+182,280
New +$1.82M
APGB
258
DELISTED
Apollo Strategic Growth Capital II
APGB
$1.82M 0.08%
184,263
+76,901
+72% +$758K
JWSM.U
259
DELISTED
Jaws Mustang Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-fourth of one redeemable warrant
JWSM.U
$1.81M 0.08%
181,691
– –
TTP
260
DELISTED
TORTOISE PIPELINE & ENERGY FUND, INC.
TTP
$1.79M 0.08%
70,886
-132,118
-65% -$3.71M
FSSI
261
DELISTED
Fortistar Sustainable Solutions Corp. Class A Common Stock
FSSI
$1.78M 0.08%
179,998
– –
CSLMU
262
DELISTED
CSLM Acquisition Corp. Unit
CSLMU
$1.76M 0.08%
175,000
– –
EUDA icon
263
EUDA Health Holdings
EUDA
$45.6M
$1.75M 0.08%
8,750
– –
BNIX
264
DELISTED
Bannix Acquisition Corp. Common Stock
BNIX
$1.75M 0.08%
175,000
– –
CAUD
265
DELISTED
Collective Audience, Inc.. Common Stock
CAUD
$1.75M 0.08%
175,000
– –
DRAY
266
DELISTED
Macondray Capital Acquisition Corp. I Class A Ordinary Shares
DRAY
$1.75M 0.08%
174,996
– –
GWII
267
DELISTED
Good Works II Acquisition Corp. Common Stock
GWII
$1.75M 0.08%
175,000
+75,000
+75% +$748K
SDA icon
268
SunCar Technology Group
SDA
$81.7M
$1.75M 0.08%
170,000
– –
FPL
269
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
$1.74M 0.08%
317,804
– –
SCOA
270
DELISTED
ScION Tech Growth I Class A Ordinary Shares
SCOA
$1.74M 0.08%
174,333
+100,000
+135% +$992K
ENER
271
DELISTED
Accretion Acquisition Corp
ENER
$1.74M 0.08%
174,998
– –
COOL
272
DELISTED
Corner Growth Acquisition Corp. Class A Ordinary Shares
COOL
$1.74M 0.08%
174,333
– –
QFTA
273
DELISTED
Quantum FinTech Acquisition Corporation
QFTA
$1.73M 0.08%
175,000
– –
PNTM
274
DELISTED
Pontem Corporation
PNTM
$1.72M 0.08%
173,000
– –
CORS
275
DELISTED
Corsair Partnering Corporation
CORS
$1.71M 0.08%
174,996
– –
9 10
11
12 13

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Rivernorth Capital Management's Q3 2022 Portfolio in Review

As of Q3 2022, Rivernorth Capital Management held 940 positions worth $2.23B, down 9.7% from $2.47B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Rivernorth Capital Management withdrew a net $153M in Q3 2022, closing 68 positions and reducing 85 holdings. Its most notable exit was Pershing Square Tontine Holdings, Ltd., an estimated $41.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 22% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Virtus Total Return Fund worth $17.8M.

  • Rivernorth Capital Management's largest Q3 2022 buy was Virtus Total Return Fund: 2,860,573 shares worth $17.8M.
  • Rivernorth Capital Management added most to PIMCO Access Income Fund in Q3 2022, an estimated $16M increase.
  • Rivernorth Capital Management's biggest Q3 2022 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $32.8M.
  • Rivernorth Capital Management fully exited Pershing Square Tontine Holdings, Ltd. in Q3 2022, selling an estimated $41.6M.
  • Rivernorth Capital Management's ten largest holdings make up 22% of its $2.23B portfolio in Q3 2022.
  • Rivernorth Capital Management opened 121 new positions and closed 68 in Q3 2022.
  • Rivernorth Capital Management's portfolio value fell 9.7% quarter-over-quarter to $2.23B.

Based on Rivernorth Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.