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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
+0.01%
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
$1.88B
AUM Growth
-$193M
Cap. Flow
-$191M
Cap. Flow %
-10.13%
Top 10 Hldgs %
26.86%
Holding
449
New
40
Increased
54
Reduced
68
Closed
89

Top Buys

Rank Stock Value
1
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$6.71M
2
FGMCU
FG Merger II Corp Unit
FGMCU
+$6.3M
3
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$6.17M
4
PMX
PIMCO Municipal Income Fund III
PMX
+$5.82M
5
BINC icon
BlackRock Flexible Income ETF
BINC
+$5.69M

Top Sells

Rank Stock Value
1
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$27.2M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$22.7M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$22M
4
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$18.1M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$15M

Sector Composition

Rank Sector Weight
1 Financials 9.55%
2 Industrials 0.58%
3 Consumer Staples 0.28%
4 Energy 0.27%
5 Utilities 0.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ESHAR
276
DELISTED
ESH Acquisition Corp Right
ESHAR
$12.9K ﹤0.01%
146,934
– –
BSIIW
277
DELISTED
Black Spade Acquisition II Co Warrant
BSIIW
$12.5K ﹤0.01%
56,841
– –
SDAWW
278
SunCar Technology Group Warrant
SDAWW
$12K ﹤0.01%
62,900
– –
BNIXR
279
DELISTED
Bannix Acquisition Corp. Right
BNIXR
$11.7K ﹤0.01%
175,000
– –
MRNOW
280
Murano Global Investments PLC Warrants
MRNOW
$184K
$11.6K ﹤0.01%
+50,000
New +$13K
BYNOW
281
DELISTED
byNordic Acquisition Corporation Warrant
BYNOW
$11.2K ﹤0.01%
742,500
– –
BRLSW icon
282
Borealis Foods Inc Warrant
BRLSW
$547K
$11K ﹤0.01%
100,000
– –
ZOOZW
283
ZOOZ Strategy Ltd Warrant
ZOOZW
$10K ﹤0.01%
200,000
– –
OSRHW
284
OSR Health Warrant
OSRHW
$287K
$9.5K ﹤0.01%
250,000
– –
RMSGW
285
Real Messenger Corp Warrants
RMSGW
$196K
$9.11K ﹤0.01%
165,000
– –
IBACR
286
IB Acquisition Corp Right
IBACR
$9K ﹤0.01%
150,000
– –
SLND.WS icon
287
Southland Holdings Warrants
SLND.WS
$1.48M
$8.96K ﹤0.01%
55,916
-10,050
-15% -$1.85K
PETWW
288
DELISTED
Wag! Group Co Warrant
PETWW
$7.8K ﹤0.01%
600,000
– –
GBBKW
289
DELISTED
Global Blockchain Acquisition Corp. Warrant
GBBKW
$7.5K ﹤0.01%
300,000
– –
GDSTW
290
DELISTED
Goldenstone Acquisition Limited Warrants
GDSTW
$7.42K ﹤0.01%
185,000
– –
RFAIR
291
RF Acquisition Corp II Right
RFAIR
$7K ﹤0.01%
100,000
– –
ALCYW
292
DELISTED
Alchemy Investments Acquisition Corp 1 Warrants
ALCYW
$6.82K ﹤0.01%
61,935
– –
ABLVW icon
293
Able View Global Warrant
ABLVW
$6.7K ﹤0.01%
250,000
– –
AAM.WS
294
DELISTED
AA Mission Acquisition Corp Warrants
AAM.WS
$6.65K ﹤0.01%
100,000
– –
OPTXW icon
295
Syntec Optics Holdings Warrant
OPTXW
$21.3M
$6.62K ﹤0.01%
130,610
– –
KITTW icon
296
Nauticus Robotics Warrant
KITTW
$193K
$6.4K ﹤0.01%
84,776
– –
SPKLW
297
Spark I Acquisition Corp Warrant
SPKLW
$7M
$6.3K ﹤0.01%
48,465
– –
DECAW
298
DELISTED
Denali Capital Acquisition Corp. Warrant
DECAW
$6.25K ﹤0.01%
154,800
– –
CHEB.WS
299
DELISTED
Chenghe Acquisition II Co. Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
CHEB.WS
$6.25K ﹤0.01%
125,000
– –
SMXWW
300
SMX (Security Matters) Public Ltd Warrant
SMXWW
$774K
$6.14K ﹤0.01%
+199,299
New +$6.12K
10 11
12
13 14

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Rivernorth Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Rivernorth Capital Management held 449 positions worth $1.88B, down 9.3% from $2.08B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $191M in Q1 2025, closing 89 positions and reducing 68 holdings. Its most notable exit was SK Growth Opportunities Corporation Class A Common Stock, an estimated $11.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.6% of assets, down from 11% a quarter earlier, followed by Industrials and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in FG Merger II Corp Unit worth $6.28M.

  • Rivernorth Capital Management's largest Q1 2025 buy was FG Merger II Corp Unit: 642,969 shares worth $6.28M.
  • Rivernorth Capital Management added most to Nuveen Pennsylvania Quality Municipal Income Fund in Q1 2025, an estimated $6.71M increase.
  • Rivernorth Capital Management's biggest Q1 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $27.2M.
  • Rivernorth Capital Management fully exited SK Growth Opportunities Corporation Class A Common Stock in Q1 2025, selling an estimated $11.6M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.88B portfolio in Q1 2025.
  • Rivernorth Capital Management opened 40 new positions and closed 89 in Q1 2025.
  • Rivernorth Capital Management's portfolio value fell 9.3% quarter-over-quarter to $1.88B.

Based on Rivernorth Capital Management's 13F filing for Q1 2025, filed 15 May 2025.