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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
+3.24%
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
$2.22B
AUM Growth
-$9.14M
Cap. Flow
-$68.7M
Cap. Flow %
-3.1%
Top 10 Hldgs %
27.51%
Holding
975
New
103
Increased
138
Reduced
81
Closed
258

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$29.4M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$26.8M
4
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$26M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$21.4M

Top Sells

Rank Stock Value
1
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$41.4M
2
GBDC icon
Golub Capital BDC
GBDC
+$35.8M
3
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$15.2M
4
VKQ icon
Invesco Municipal Trust
VKQ
+$15M
5
VVR icon
Invesco Senior Income Trust
VVR
+$12.6M

Sector Composition

Rank Sector Weight
1 Financials 19.93%
2 Industrials 1.07%
3 Technology 1.07%
4 Healthcare 0.96%
5 Consumer Discretionary 0.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CMU
276
DELISTED
MFS High Yield Municipal Trust
CMU
$1.44M 0.06%
458,506
-390,480
-46% -$1.2M
EVN
277
Eaton Vance Municipal Income Trust
EVN
$429M
$1.42M 0.06%
+143,662
New +$1.41M
AEON icon
278
AEON Biopharma
AEON
$13.3M
$1.41M 0.06%
1,944
+1,388
+250% +$995K
KVSC
279
DELISTED
Khosla Ventures Acquisition Co. III Class A Common Stock
KVSC
$1.4M 0.06%
140,379
+70,000
+99% +$694K
FMIV
280
DELISTED
Forum Merger IV Corporation Class A Common stock
FMIV
$1.39M 0.06%
138,438
+75,000
+118% +$746K
OKLO
281
Oklo
OKLO
$8.74B
$1.36M 0.06%
137,000
– –
FTPA
282
DELISTED
FTAC Parnassus Acquisition Corp. Class A Common Stock
FTPA
$1.34M 0.06%
133,924
+32,591
+32% +$324K
CBH
283
DELISTED
Virtus Convertible & Income 2024 Target Term Fund
CBH
$1.31M 0.06%
152,153
+119,753
+370% +$1.02M
ARIZ
284
DELISTED
Arisz Acquisition Corp. Common Stock
ARIZ
$1.29M 0.06%
125,000
– –
FNVT
285
DELISTED
Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT
$1.28M 0.06%
124,995
– –
FTIIU
286
DELISTED
FutureTech II Acquisition Corp. Unit
FTIIU
$1.28M 0.06%
125,000
– –
MCAE
287
DELISTED
Mountain Crest Acquisition Corp. III Common Stock
MCAE
$1.28M 0.06%
126,395
-70,221
-36% -$706K
AEAE
288
DELISTED
AltEnergy Acquisition Corp
AEAE
$1.28M 0.06%
124,996
– –
APGB.U
289
DELISTED
Apollo Strategic Growth Capital II Units, each consisting of one Class A ordinary share, and one-fifth of one warrant
APGB.U
$1.25M 0.06%
125,000
+75,000
+150% +$749K
TYG
290
Tortoise Energy Infrastructure Corp
TYG
$1.09B
$1.24M 0.06%
39,133
-5,059
-11% -$164K
NPWR icon
291
NET Power
NPWR
$143M
$1.24M 0.06%
121,506
+9,525
+9% +$95.3K
AVHI
292
DELISTED
Achari Ventures Holdings Corp I
AVHI
$1.21M 0.05%
113,855
-36,143
-24% -$366K
NVSAU
293
DELISTED
New Vista Acquisition Corp Unit
NVSAU
$1.2M 0.05%
118,741
+81,241
+217% +$813K
BSLK
294
DELISTED
Bolt Projects Holdings
BSLK
$1.19M 0.05%
+5,945
New +$1.18M
CXH
295
DELISTED
MFS Investment Grade Municipal Trust
CXH
$1.18M 0.05%
165,325
-138,106
-46% -$961K
HAIAU
296
DELISTED
Healthcare AI Acquisition Corp. Unit
HAIAU
$1.18M 0.05%
114,600
– –
NIQ
297
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
$1.14M 0.05%
91,286
+17,031
+23% +$210K
MNTN
298
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$1.13M 0.05%
109,998
– –
FINM
299
DELISTED
Marlin Technology Corporation Class A Ordinary Share
FINM
$1.11M 0.05%
109,993
– –
NSTD
300
DELISTED
Northern Star Investment Corp. IV
NSTD
$1.11M 0.05%
+110,366
New +$1.1M
10 11
12
13 14

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Rivernorth Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Rivernorth Capital Management held 975 positions worth $2.22B, down 0.41% from $2.23B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Rivernorth Capital Management withdrew a net $68.7M in Q4 2022, closing 258 positions and reducing 81 holdings. Its most notable exit was Nuveen New York AMT-Free Quality Municipal Income Fund, an estimated $41.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 27% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock Corporate High Yield Fund worth $20.8M.

  • Rivernorth Capital Management's largest Q4 2022 buy was BlackRock Corporate High Yield Fund: 2,381,391 shares worth $20.8M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q4 2022, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q4 2022 reduction was Golub Capital BDC, cutting an estimated $35.8M.
  • Rivernorth Capital Management fully exited Nuveen New York AMT-Free Quality Municipal Income Fund in Q4 2022, selling an estimated $41.4M.
  • Rivernorth Capital Management's ten largest holdings make up 28% of its $2.22B portfolio in Q4 2022.
  • Rivernorth Capital Management opened 103 new positions and closed 258 in Q4 2022.
  • Rivernorth Capital Management's portfolio value fell 0.41% quarter-over-quarter to $2.22B.

Based on Rivernorth Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.