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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
BMAQ
301
DELISTED
Blockchain Moon Acquisition Corp. Common Stock
BMAQ
$1.09M 0.05%
106,534
-64,966
-38% -$657K
OPTX icon
302
Syntec Optics
OPTX
$357M
$1.09M 0.05%
+109,270
New +$1.11M
FZT
303
DELISTED
FAST Acquisition Corp. II
FZT
$1.08M 0.05%
107,618
+6,355
+6% +$62.9K
ADRT.U
304
DELISTED
Ault Disruptive Technologies Corporation Units, each consisting of one share of Common Stock, and three-fourths of one Redeemable Warrant to purchase one share of Common Stock
ADRT.U
$1.08M 0.05%
100,000
– –
NQP
305
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$1.07M 0.05%
96,377
-75,801
-44% -$832K
BIOSU
306
DELISTED
BioPlus Acquisition Corp. Unit
BIOSU
$1.07M 0.05%
99,359
– –
MHN
307
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$1.06M 0.05%
103,686
+28,843
+39% +$286K
TWNI.U
308
DELISTED
Tailwind International Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
TWNI.U
$1.06M 0.05%
+105,092
New +$1.05M
PLTNU
309
DELISTED
Plutonian Acquisition Corp. Unit
PLTNU
$1.06M 0.05%
+105,000
New +$1.06M
LDP icon
310
Cohen & Steers Duration Preferred & Income Fund
LDP
$601M
$1.05M 0.05%
+54,989
New +$1.03M
ACBA
311
DELISTED
Ace Global Business Acquisition Ltd
ACBA
$1.04M 0.05%
98,100
– –
GVCI
312
DELISTED
Green Visor Financial Technology Acquisition Corp. I Class A Ordinary Shares
GVCI
$1.04M 0.05%
99,999
– –
PACX
313
DELISTED
Pioneer Merger Corp. Class A Ordinary Share
PACX
$1.04M 0.05%
102,243
– –
MTRY
314
DELISTED
Monterey Innovation Acquisition Corp. Common Stock
MTRY
$1.03M 0.05%
98,421
– –
BRLS icon
315
Borealis Foods
BRLS
$18.9M
$1.03M 0.05%
100,000
– –
RDZN icon
316
Roadzen
RDZN
$112M
$1.03M 0.05%
99,998
– –
NCAC
317
DELISTED
Newcourt Acquisition Corp Class A Ordinary Share
NCAC
$1.03M 0.05%
99,998
– –
HCMA
318
DELISTED
HCM Acquisition Corp Class A Ordinary Shares
HCMA
$1.03M 0.05%
+100,000
New +$1.02M
TGVC
319
DELISTED
TG Venture Acquisition Corp. Class A Common Stock
TGVC
$1.02M 0.05%
99,999
– –
USCT
320
DELISTED
Roth CH Acquisition Co. Class A Ordinary Shares
USCT
$1.02M 0.05%
98,850
– –
GSQB
321
DELISTED
G Squared Ascend II Inc.
GSQB
$1.02M 0.05%
99,993
– –
ALSA
322
DELISTED
Alpha Star Acquisition Corp
ALSA
$1.01M 0.05%
+98,841
New +$1M
MBSC
323
DELISTED
M3-Brigade Acquisition III Corp.
MBSC
$1.01M 0.05%
99,993
– –
GRDI
324
DELISTED
GRIID Infrastructure Inc. Common Stock
GRDI
$1.01M 0.05%
99,998
– –
BNAI
325
Brand Engagement Network
BNAI
$103M
$1.01M 0.05%
10,000
– –
11 12
13
14 15

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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.