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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
+1.99%
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
-$154M
Cap. Flow
-$183M
Cap. Flow %
-8.88%
Top 10 Hldgs %
28.76%
Holding
850
New
133
Increased
85
Reduced
77
Closed
212

Top Buys

Rank Stock Value
1
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$25.5M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$19.8M
3
PDI icon
PIMCO Dynamic Income Fund
PDI
+$17.5M
4
PHK
PIMCO High Income Fund
PHK
+$13M
5
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$11.9M

Top Sells

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$18.2M
3
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$14.6M
4
PEPL
PepperLime Health Acquisition Corporation Class A Ordinary Share
PEPL
+$13.1M
5
JWSM
Jaws Mustang Acquisition Corp.
JWSM
+$12.4M

Sector Composition

Rank Sector Weight
1 Financials 17.27%
2 Industrials 1.55%
3 Technology 1.3%
4 Healthcare 0.84%
5 Consumer Discretionary 0.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HWKZ
276
DELISTED
Hawks Acquisition Corp
HWKZ
$993K 0.05%
+97,700
New +$987K
IIM icon
277
Invesco Value Municipal Income Trust
IIM
$598M
$981K 0.05%
80,417
-53,537
-40% -$656K
BKN
278
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$975K 0.05%
80,814
-87,194
-52% -$1.06M
JHAA
279
DELISTED
Nuveen Corporate Income 2023 Target Term Fund
JHAA
$948K 0.05%
103,165
– –
EOCW.U
280
DELISTED
Elliott Opportunity II Corp. Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
EOCW.U
$941K 0.05%
91,800
– –
TRUG icon
281
TruGolf
TRUG
$980K
$911K 0.04%
172
– –
VGI
282
Virtus Global Multi-Sector Income Fund
VGI
$84.1M
$906K 0.04%
+116,937
New +$935K
FLFVU
283
DELISTED
Feutune Light Acquisition Corporation Unit
FLFVU
$885K 0.04%
84,000
– –
BSAQ.U
284
DELISTED
Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
BSAQ.U
$881K 0.04%
85,500
+52,500
+159% +$533K
FORLU
285
DELISTED
Four Leaf Acquisition Corp Unit
FORLU
$870K 0.04%
+85,000
New +$869K
MITA
286
DELISTED
Coliseum Acquisition Corp. Class A Ordinary Share
MITA
$869K 0.04%
84,999
– –
CRZN
287
DELISTED
Corazon Capital V838 Monoceros Corp Class A Ordinary Shares
CRZN
$819K 0.04%
80,010
– –
CREC
288
DELISTED
Crescera Capital Acquisition Corp Class A Ordinary Shares
CREC
$784K 0.04%
74,998
– –
CXAC
289
DELISTED
C5 Acquisition Corporation
CXAC
$781K 0.04%
+74,998
New +$775K
MSAI icon
290
MultiSensor AI
MSAI
$10.9M
$778K 0.04%
1,875
– –
LDHA
291
DELISTED
LDH Growth Corp I Class A Ordinary Shares
LDHA
$766K 0.04%
+75,000
New +$762K
WAVC
292
DELISTED
Waverley Capital Acquisition Corp. 1
WAVC
$765K 0.04%
74,997
– –
MUJ icon
293
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$653M
$763K 0.04%
66,602
+16,602
+33% +$190K
GATE
294
DELISTED
Marblegate Acquisition Corp. Class A Common Stock
GATE
$757K 0.04%
75,000
– –
DMB
295
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$198M
$743K 0.04%
64,112
– –
OAKUU
296
DELISTED
Oak Woods Acquisition Corp Unit
OAKUU
$715K 0.03%
+70,000
New +$714K
NKG
297
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$687K 0.03%
67,550
+57,055
+544% +$580K
ACBA
298
DELISTED
Ace Global Business Acquisition Ltd
ACBA
$684K 0.03%
62,985
-35,115
-36% -$379K
PPHP
299
DELISTED
PHP Ventures Acquisition Corp. Class A Common Stock
PPHP
$669K 0.03%
63,064
– –
XFIN
300
DELISTED
ExcelFin Acquisition Corp Class A Common Stock
XFIN
$666K 0.03%
64,105
+14,107
+28% +$146K
10 11
12
13 14

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Rivernorth Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Rivernorth Capital Management held 850 positions worth $2.07B, down 7% from $2.22B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $183M in Q1 2023, closing 212 positions and reducing 77 holdings. Its most notable exit was Jaws Mustang Acquisition Corp., an estimated $12.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 20% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in PIMCO Income Strategy Fund II worth $7.72M.

  • Rivernorth Capital Management's largest Q1 2023 buy was PIMCO Income Strategy Fund II: 1,077,061 shares worth $7.72M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Municipal Credit Income Fund in Q1 2023, an estimated $25.5M increase.
  • Rivernorth Capital Management's biggest Q1 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $29.7M.
  • Rivernorth Capital Management fully exited Jaws Mustang Acquisition Corp. in Q1 2023, selling an estimated $12.4M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $2.07B portfolio in Q1 2023.
  • Rivernorth Capital Management opened 133 new positions and closed 212 in Q1 2023.
  • Rivernorth Capital Management's portfolio value fell 7% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2023, filed 15 May 2023.