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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
+9.45%
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
$2.09B
AUM Growth
+$159M
Cap. Flow
-$8M
Cap. Flow %
-0.38%
Top 10 Hldgs %
31.09%
Holding
587
New
43
Increased
68
Reduced
80
Closed
98

Top Buys

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$50.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$21.8M
3
MYD
BlackRock MuniYield Fund
MYD
+$19.7M
4
NUV icon
Nuveen Municipal Value Fund
NUV
+$13.2M
5
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$12.5M

Top Sells

Rank Stock Value
1
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$42M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$28.5M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$23.2M
4
ZTR
Virtus Total Return Fund
ZTR
+$18M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$17.3M

Sector Composition

Rank Sector Weight
1 Financials 10.43%
2 Technology 0.93%
3 Healthcare 0.8%
4 Industrials 0.53%
5 Consumer Discretionary 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JWSM.WS
251
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
$63.3K ﹤0.01%
1,581,934
– –
HUDAR
252
DELISTED
Hudson Acquisition I Corp. Right
HUDAR
$63.2K ﹤0.01%
400,000
– –
ATAKR
253
DELISTED
Aurora Technology Acquisition Corp. Rights
ATAKR
$61.8K ﹤0.01%
325,000
– –
SDAWW
254
SunCar Technology Group Warrant
SDAWW
$61.6K ﹤0.01%
166,600
-1,000
-0.6% -$240
SLND.WS icon
255
Southland Holdings Warrants
SLND.WS
$1.48M
$57.3K ﹤0.01%
136,466
-13,533
-9% -$6.52K
KDKRW
256
Kodiak AI Warrants
KDKRW
$55.4K ﹤0.01%
369,481
– –
NKGNW
257
DELISTED
NKGen Biotech, Inc. Warrants
NKGNW
$52.2K ﹤0.01%
652,663
– –
CLOER
258
DELISTED
Clover Leaf Capital Corp. Rights
CLOER
$51K ﹤0.01%
300,000
– –
TENKR
259
DELISTED
TenX Keane Acquisition Right
TENKR
$49.5K ﹤0.01%
350,000
– –
BNIXR
260
DELISTED
Bannix Acquisition Corp. Right
BNIXR
$47.3K ﹤0.01%
175,000
– –
PNST.WS
261
DELISTED
Pinstripes Holdings, Inc. Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
PNST.WS
$46.1K ﹤0.01%
125,000
– –
DMAQR
262
DELISTED
Deep Medicine Acquisition Corp. Rights
DMAQR
$45K ﹤0.01%
150,000
– –
LBBBR
263
DELISTED
Lakeshore Acquisition II Corp. Rights
LBBBR
$42.4K ﹤0.01%
222,982
– –
BRACR
264
DELISTED
Broad Capital Acquisition Corp Rights
BRACR
$41.1K ﹤0.01%
350,000
– –
NOVVR
265
DELISTED
Nova Vision Acquisition Corp. Rights
NOVVR
$35.3K ﹤0.01%
165,000
– –
BLACR
266
DELISTED
Bellevue Life Sciences Acquisition Corp. Rights
BLACR
$35K ﹤0.01%
250,000
– –
AFRIW icon
267
Forafric Global PLC Warrants
AFRIW
$11M
$32.8K ﹤0.01%
20,781
-129,219
-86% -$170K
TMTCR
268
DELISTED
TMT Acquisition Corp Rights
TMTCR
$32.6K ﹤0.01%
150,000
– –
MARXR
269
DELISTED
Mars Acquisition Corp. Rights
MARXR
$31.9K ﹤0.01%
199,496
– –
ATMVR
270
DELISTED
AlphaVest Acquisition Corp Right
ATMVR
$30K ﹤0.01%
250,000
– –
BWAQR
271
DELISTED
Blue World Acquisition Corporation Right
BWAQR
$30K ﹤0.01%
200,000
– –
GHIXW
272
DELISTED
Gores Holdings IX, Inc. Warrant
GHIXW
$29.7K ﹤0.01%
251,841
+5,070
+2% +$603
ASCAR
273
DELISTED
A SPAC I Acquisition Corp. Right
ASCAR
$28.8K ﹤0.01%
191,996
– –
HCVIW
274
DELISTED
Hennessy Capital Investment Corp. VI Warrant
HCVIW
$27.4K ﹤0.01%
456,628
– –
ARIZR
275
DELISTED
Arisz Acquisition Corp. Right
ARIZR
$26.3K ﹤0.01%
125,000
– –
9 10
11
12 13

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Rivernorth Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Rivernorth Capital Management held 587 positions worth $2.09B, up 8.3% from $1.93B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management's Q4 2023 filing shows 43 new, 68 increased, 80 reduced and 98 closed positions. Its largest new stake was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M. The largest sale was Nuveen Preferred & Income Securities Fund, an estimated $42M.

By sector, the portfolio is most concentrated in Financials at 10% of assets, down from 12% a quarter earlier, followed by Technology and Healthcare.

  • Rivernorth Capital Management's largest Q4 2023 buy was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M.
  • Rivernorth Capital Management added most to Nuveen Preferred & Income Opportunities Fund in Q4 2023, an estimated $50.4M increase.
  • Rivernorth Capital Management's biggest Q4 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $28.5M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q4 2023, selling an estimated $42M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.09B portfolio in Q4 2023.
  • Rivernorth Capital Management opened 43 new positions and closed 98 in Q4 2023.
  • Rivernorth Capital Management's portfolio value rose 8.3% quarter-over-quarter to $2.09B.

Based on Rivernorth Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.