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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
-6.48%
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
$1.93B
AUM Growth
-$73.9M
Cap. Flow
+$61.5M
Cap. Flow %
3.19%
Top 10 Hldgs %
31.01%
Holding
632
New
48
Increased
91
Reduced
80
Closed
87

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$19.3M
3
BLE
BlackRock Municipal Income Trust II
BLE
+$14M
4
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$13.2M
5
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$13M

Top Sells

Rank Stock Value
1
BBDC icon
Barings BDC
BBDC
+$26.1M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$16.6M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.9M
4
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$15.8M
5
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 12.36%
2 Healthcare 1.47%
3 Technology 1.18%
4 Industrials 1.07%
5 Consumer Discretionary 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APGB.WS
276
DELISTED
Apollo Strategic Growth Capital II Warrants, each exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
APGB.WS
$116K 0.01%
1,455,938
– –
PET
277
DELISTED
Wag!
PET
$115K 0.01%
+60,000
New +$129K
AQUNR
278
DELISTED
Aquaron Acquisition Corp. Rights
AQUNR
$110K 0.01%
400,000
– –
AMPX.WS icon
279
Amprius Technologies Warrants
AMPX.WS
$567M
$109K 0.01%
402,500
-22,500
-5% -$8.13K
SLND.WS icon
280
Southland Holdings Warrants
SLND.WS
$1.48M
$99K 0.01%
149,999
– –
HUDAR
281
DELISTED
Hudson Acquisition I Corp. Right
HUDAR
$96K 0.01%
400,000
– –
KDKRW
282
Kodiak AI Warrants
KDKRW
$88.7K ﹤0.01%
+369,481
New +$107K
PETWW
283
DELISTED
Wag! Group Co Warrant
PETWW
$84K ﹤0.01%
600,000
– –
TENKR
284
DELISTED
TenX Keane Acquisition Right
TENKR
$83.3K ﹤0.01%
350,000
– –
BYNOW
285
DELISTED
byNordic Acquisition Corporation Warrant
BYNOW
$74.3K ﹤0.01%
742,500
– –
BRACR
286
DELISTED
Broad Capital Acquisition Corp Rights
BRACR
$71.8K ﹤0.01%
350,000
– –
JWSM.WS
287
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
– –
BAERW icon
288
Bridger Aerospace Warrant
BAERW
$12M
$62.9K ﹤0.01%
216,901
-721
-0.3% -$186
GODNR
289
DELISTED
Golden Star Acquisition Corporation Rights
GODNR
$58.6K ﹤0.01%
+136,252
New +$39.7K
BLACR
290
DELISTED
Bellevue Life Sciences Acquisition Corp. Rights
BLACR
$57.5K ﹤0.01%
250,000
– –
LCAHW
291
DELISTED
Landcadia Holdings IV, Inc. Warrant
LCAHW
$56.8K ﹤0.01%
405,669
– –
HCVIW
292
DELISTED
Hennessy Capital Investment Corp. VI Warrant
HCVIW
$54.8K ﹤0.01%
456,628
+126,500
+38% +$17.2K
AACIW
293
DELISTED
Armada Acquisition Corp. I Warrant
AACIW
$54.6K ﹤0.01%
742,500
– –
PEPLW
294
DELISTED
PepperLime Health Acquisition Corporation Warrrant
PEPLW
$52.7K ﹤0.01%
742,500
– –
DMAQR
295
DELISTED
Deep Medicine Acquisition Corp. Rights
DMAQR
$52.5K ﹤0.01%
150,000
– –
YOTAR
296
DELISTED
Yotta Acquisition Corporation Right
YOTAR
$51K ﹤0.01%
425,000
– –
GHIXW
297
DELISTED
Gores Holdings IX, Inc. Warrant
GHIXW
$49.4K ﹤0.01%
246,771
– –
KYCHR
298
DELISTED
Keyarch Acquisition Corporation Rights
KYCHR
$48K ﹤0.01%
400,000
– –
TMTCR
299
DELISTED
TMT Acquisition Corp Rights
TMTCR
$46.8K ﹤0.01%
150,000
– –
LBBBR
300
DELISTED
Lakeshore Acquisition II Corp. Rights
LBBBR
$44.6K ﹤0.01%
222,982
– –
10 11
12
13 14

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Rivernorth Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Rivernorth Capital Management held 632 positions worth $1.93B, down 3.7% from $2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management deployed $61.5M of net new capital in Q3 2023, opening 48 new positions and adding to 91 existing holdings. Its largest new stake was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.

By sector, the portfolio is most concentrated in Financials at 12% of assets, down from 13% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Barings BDC, an estimated $26.1M trimmed.

  • Rivernorth Capital Management's largest Q3 2023 buy was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2023, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q3 2023 reduction was Barings BDC, cutting an estimated $26.1M.
  • Rivernorth Capital Management fully exited BlackRock Corporate High Yield Fund in Q3 2023, selling an estimated $9.1M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.93B portfolio in Q3 2023.
  • Rivernorth Capital Management opened 48 new positions and closed 87 in Q3 2023.
  • Rivernorth Capital Management's portfolio value fell 3.7% quarter-over-quarter to $1.93B.

Based on Rivernorth Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.