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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
+2.06%
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
$1.67B
AUM Growth
-$17.3M
Cap. Flow
-$148M
Cap. Flow %
-8.89%
Top 10 Hldgs %
31.26%
Holding
591
New
236
Increased
60
Reduced
68
Closed
132

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$46.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$14.7M
3
HIO
Western Asset High Income Opportunity Fund
HIO
+$10.6M
4
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$8.71M
5
EIM
Eaton Vance Municipal Bond Fund
EIM
+$8.12M

Top Sells

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$36.1M
2
NMCO icon
Nuveen Municipal Credit Opportunities Fund
NMCO
+$26.9M
3
BCSF icon
Bain Capital Specialty
BCSF
+$26.5M
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$20.3M
5
NUM
Nuveen Michigan Quality Municipal Income Fund
NUM
+$16.9M

Sector Composition

Rank Sector Weight
1 Financials 8%
2 Healthcare 0.99%
3 Consumer Discretionary 0.78%
4 Technology 0.76%
5 Industrials 0.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MNP
276
DELISTED
Western Asset Municipal Partners Fund, Inc.
MNP
$447K 0.03%
+29,157
New +$440K
CCVI.U
277
DELISTED
Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant
CCVI.U
$441K 0.03%
+43,800
New +$474K
CND
278
DELISTED
Concord Acquisition Corp.
CND
$440K 0.03%
+44,998
New +$451K
EMB icon
279
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$436K 0.03%
+4,000
New +$447K
DFNS
280
T3 Defense Inc
DFNS
$37M
$434K 0.03%
61
– –
MLAC
281
DELISTED
Malacca Straits Acquisition Company Limited Class A Ordinary Shares
MLAC
$403K 0.02%
40,802
– –
PMGMU
282
DELISTED
Priveterra Acquisition Corp. Units
PMGMU
$398K 0.02%
+40,000
New +$405K
TWLVU
283
DELISTED
Twelve Seas Investment Company II Unit
TWLVU
$394K 0.02%
+40,000
New +$398K
KAIR
284
DELISTED
Kairos Acquisition Corp. Class A Ordinary Shares
KAIR
$390K 0.02%
+39,998
New +$392K
BLTS
285
DELISTED
Bright Lights Acquisition Corp. Class A Common Stock
BLTS
$384K 0.02%
+39,998
New +$393K
VFL
286
DELISTED
abrdn National Municipal Income Fund
VFL
$366K 0.02%
+27,889
New +$369K
PRPC.U
287
DELISTED
CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
PRPC.U
$363K 0.02%
+36,351
New +$375K
LGV.U
288
DELISTED
Longview Acquisition Corp. II Units, each consisting of one share of Class A Common Stock and one-fifth of one redeemable Warrant
LGV.U
$351K 0.02%
+35,000
New +$351K
IGA
289
Voya Global Advantage and Premium Opportunity Fund
IGA
$158M
$326K 0.02%
+34,084
New +$306K
ACV
290
Virtus Diversified Income & Convertible Fund
ACV
$285M
$300K 0.02%
+9,546
New +$317K
MACAU
291
DELISTED
Moringa Acquisition Corp Units
MACAU
$298K 0.02%
+30,000
New +$306K
NIR
292
DELISTED
Near Intelligence, Inc. Common Stock
NIR
$292K 0.02%
+29,998
New +$294K
LEGO
293
DELISTED
Legato Merger Corp. Common stock
LEGO
$290K 0.02%
+30,000
New +$291K
VMM
294
DELISTED
Delaware Investments Minnesota Municipal Income Fund II
VMM
$269K 0.02%
+20,420
New +$270K
FVT.U
295
DELISTED
Fortress Value Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fifth of one Warrant
FVT.U
$257K 0.02%
+25,678
New +$273K
SCPE
296
DELISTED
SC Health Corporation
SCPE
$252K 0.02%
24,998
– –
ADERU
297
DELISTED
26 Capital Acquisition Corp Unit
ADERU
$251K 0.02%
+25,000
New +$261K
ITHXU
298
DELISTED
ITHAX Acquisition Corp. Unit
ITHXU
$251K 0.02%
+25,000
New +$254K
BGX
299
Blackstone Long-Short Credit Income Fund
BGX
$138M
$250K 0.02%
17,698
-93,445
-84% -$1.3M
LIDR icon
300
AEye
LIDR
$61.8M
$250K 0.02%
+833
New +$282K
10 11
12
13 14

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Rivernorth Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, Rivernorth Capital Management held 591 positions worth $1.67B, down 1% from $1.68B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $148M in Q1 2021, closing 132 positions and reducing 68 holdings. Its most notable exit was Nuveen Municipal Credit Opportunities Fund, an estimated $26.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8% of assets, down from 11% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock MuniHoldings Fund worth $14.6M.

  • Rivernorth Capital Management's largest Q1 2021 buy was BlackRock MuniHoldings Fund: 911,692 shares worth $14.6M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q1 2021, an estimated $46.7M increase.
  • Rivernorth Capital Management's biggest Q1 2021 reduction was Blue Owl Capital, cutting an estimated $36.1M.
  • Rivernorth Capital Management fully exited Nuveen Municipal Credit Opportunities Fund in Q1 2021, selling an estimated $26.9M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.67B portfolio in Q1 2021.
  • Rivernorth Capital Management opened 236 new positions and closed 132 in Q1 2021.
  • Rivernorth Capital Management's portfolio value fell 1% quarter-over-quarter to $1.67B.

Based on Rivernorth Capital Management's 13F filing for Q1 2021, filed 17 May 2021.