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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
QTI
301
QT Imaging Holdings
QTI
$40.9M
$648K 0.03%
61,577
– –
BOAC.U
302
DELISTED
Bluescape Opportunities Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant
BOAC.U
$638K 0.03%
+63,688
New +$635K
SDAC
303
DELISTED
Sustainable Development Acquisition I Corp. Class A Common Stock
SDAC
$635K 0.03%
62,852
-91,348
-59% -$920K
PSPC
304
DELISTED
Post Holdings Partnering Corporation
PSPC
$614K 0.03%
60,657
– –
LVAC
305
DELISTED
LAVA Medtech Acquisition Corp. Class A Common Stock
LVAC
$563K 0.03%
+54,009
New +$559K
KCGI
306
DELISTED
Kensington Capital Acquisition Corp. V
KCGI
$539K 0.03%
51,704
– –
COCH icon
307
Envoy Medical
COCH
$57.3M
$526K 0.03%
52,647
-208,653
-80% -$2.09M
DSAQ
308
DELISTED
Direct Selling Acquisition Corp.
DSAQ
$524K 0.03%
50,074
-294,925
-85% -$3.07M
ENTF
309
DELISTED
Enterprise 4.0 Technology Acquisition Corp. Class A Ordinary Shares
ENTF
$521K 0.03%
49,998
– –
CIIG
310
DELISTED
CIIG Capital Partners II, Inc. Class A Common Stock
CIIG
$520K 0.03%
49,998
– –
ABP
311
DELISTED
Abpro Holdings
ABP
$518K 0.03%
+1,667
New +$515K
TETC
312
DELISTED
Tech and Energy Transition Corporation Class A Common Stock
TETC
$514K 0.02%
50,572
-233,246
-82% -$2.36M
LCW
313
DELISTED
Learn CW Investment Corporation Class A Ordinary Shares
LCW
$513K 0.02%
49,998
– –
PMF
314
DELISTED
PIMCO Municipal Income Fund
PMF
$465K 0.02%
+47,595
New +$485K
MSD
315
Morgan Stanley Emerging Markets Debt Fund
MSD
$148M
$460K 0.02%
71,425
-192,956
-73% -$1.29M
EVM
316
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$447K 0.02%
49,568
-448,136
-90% -$4.02M
MCAA
317
DELISTED
Mountain & Co. I Acquisition Corp. Class A Ordinary Shares
MCAA
$430K 0.02%
+40,000
New +$421K
EVF
318
Eaton Vance Senior Income Trust
EVF
$91M
$422K 0.02%
78,829
-57,741
-42% -$318K
CPAA
319
DELISTED
Conyers Park III Acquisition Corp. Class A Common Stock
CPAA
$422K 0.02%
41,532
+30,000
+260% +$301K
MSDA
320
DELISTED
MSD Acquisition Corp. Class A Ordinary Shares
MSDA
$412K 0.02%
40,200
-120,000
-75% -$1.22M
DHF
321
BNY Mellon High Yield Strategies Fund
DHF
$175M
$408K 0.02%
188,147
+3,716
+2% +$8.33K
CXH
322
DELISTED
MFS Investment Grade Municipal Trust
CXH
$395K 0.02%
53,426
-111,899
-68% -$821K
PYN
323
DELISTED
PIMCO New York Municipal Income Fund III
PYN
$379K 0.02%
+59,756
New +$389K
IGTA
324
DELISTED
Inception Growth Acquisition Limited Common Stock
IGTA
$377K 0.02%
+37,027
New +$378K
HYB
325
DELISTED
New America High Income Fund, Inc.
HYB
$361K 0.02%
+53,021
New +$361K
11 12
13
14 15

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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.