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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
-0.94%
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
$2.12B
AUM Growth
+$362M
Cap. Flow
+$376M
Cap. Flow %
17.78%
Top 10 Hldgs %
19.87%
Holding
563
New
84
Increased
165
Reduced
84
Closed
86

Top Buys

Rank Stock Value
1
PDI icon
PIMCO Dynamic Income Fund
PDI
+$51.8M
2
UTF icon
Cohen & Steers Infrastructure Fund
UTF
+$28.7M
3
USA icon
Liberty All-Star Equity Fund
USA
+$22.5M
4
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$21.9M
5
OTF
Blue Owl Technology Finance Corp
OTF
+$21.4M

Top Sells

Rank Stock Value
1
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$25.5M
2
NUV icon
Nuveen Municipal Value Fund
NUV
+$21M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$18.4M
4
CRF
Cornerstone Total Return Fund
CRF
+$10.4M
5
PHK
PIMCO High Income Fund
PHK
+$8.89M

Sector Composition

Rank Sector Weight
1 Financials 26.8%
2 Real Estate 0.54%
3 Industrials 0.42%
4 Consumer Discretionary 0.31%
5 Energy 0.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TVACW
301
Texas Ventures Acquisition III Corp Warrants
TVACW
$180K 0.01%
199,936
+51,186
+34% +$59.8K
RANGR
302
Range Capital Acquisition Corp Rights
RANGR
$180K 0.01%
399,765
+88,836
+29% +$40.6K
ALDFW
303
Aldel Financial II Inc Warrants
ALDFW
$165K 0.01%
299,743
– –
LEGT.WS
304
DELISTED
Legato Merger Corp III Warrants
LEGT.WS
$164K 0.01%
399,484
– –
FERAR
305
Fifth Era Acquisition Corp I Rights
FERAR
$160K 0.01%
399,872
+102,372
+34% +$32.6K
RFM
306
RiverNorth Flexible Municipal Income Fund
RFM
$91.4M
$159K 0.01%
+11,387
New +$162K
NXC
307
DELISTED
Nuveen CA Select Tax-Free Income Portfolio
NXC
$146K 0.01%
+11,024
New +$145K
BACCR
308
Blue Acquisition Corp Right
BACCR
$145K 0.01%
446,469
– –
HYAC.WS
309
DELISTED
Haymaker Acquisition Corp 4 Warrants
HYAC.WS
$132K 0.01%
85,043
– –
NXN
310
DELISTED
Nuveen New York Tax-Free Income Portfolio
NXN
$131K 0.01%
+10,814
New +$131K
CRAQR
311
Cal Redwood Acquisition Corp Right
CRAQR
$129K 0.01%
399,872
+102,372
+34% +$29.5K
ATIIW
312
Archimedes Tech SPAC Partners II Co Warrant
ATIIW
$17.9M
$124K 0.01%
224,942
+46,067
+26% +$22.8K
MLACR
313
DELISTED
Mountain Lake Acquisition Corp Right
MLACR
$120K 0.01%
500,000
– –
KCHVR
314
Kochav Defense Acquisition Corp Right
KCHVR
$120K 0.01%
499,872
– –
BLUWW
315
Blue Water Acquisition Corp III Warrant
BLUWW
$120K 0.01%
225,611
+29,510
+15% +$10.2K
RDACR
316
Rising Dragon Acquisition Corp Rights
RDACR
$119K 0.01%
495,000
– –
GTERU
317
Globa Terra Acquisition Corp Units
GTERU
$118K 0.01%
11,453
-46,271
-80% -$476K
CEPF
318
Cantor Equity Partners IV
CEPF
$595M
$117K 0.01%
11,410
– –
VNMEU
319
Vendome Acquisition Corp I Unit
VNMEU
$117K 0.01%
11,500
-87,501
-88% -$889K
DRDBW
320
Roman DBDR Acquisition Corp II Warrants
DRDBW
$2.26M
$114K 0.01%
200,000
+50,000
+33% +$32.9K
HVIIR
321
Hennessy Capital Investment Corp VII Rights
HVIIR
$111K 0.01%
399,487
+109,487
+38% +$39.6K
JRS icon
322
Nuveen Real Estate Income Fund
JRS
$241M
$108K 0.01%
14,138
-107,167
-88% -$845K
CAPNR
323
Cayson Acquisition Corp Right
CAPNR
$103K ﹤0.01%
450,000
– –
ASPCR
324
A SPAC III Acquisition Corp Right
ASPCR
$103K ﹤0.01%
539,744
– –
QSEAR
325
Quartzsea Acquisition Corp Rights
QSEAR
$100K ﹤0.01%
499,872
+102,372
+26% +$26.4K
11 12
13
14 15

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Rivernorth Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Rivernorth Capital Management held 563 positions worth $2.12B, up 21% from $1.75B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Rivernorth Capital Management deployed $376M of net new capital in Q4 2025, opening 84 new positions and adding to 165 existing holdings. Its largest new stake was PIMCO Dynamic Income Fund: 2,821,448 shares worth $50M.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 26% a quarter earlier, followed by Real Estate and Industrials.

On the sell side, the largest reduction was Nuveen AMT-Free Municipal Credit Income Fund, an estimated $25.5M trimmed.

  • Rivernorth Capital Management's largest Q4 2025 buy was PIMCO Dynamic Income Fund: 2,821,448 shares worth $50M.
  • Rivernorth Capital Management added most to Liberty All-Star Equity Fund in Q4 2025, an estimated $22.5M increase.
  • Rivernorth Capital Management's biggest Q4 2025 reduction was Nuveen AMT-Free Municipal Credit Income Fund, cutting an estimated $25.5M.
  • Rivernorth Capital Management fully exited Nuveen Quality Municipal Income Fund in Q4 2025, selling an estimated $18.4M.
  • Rivernorth Capital Management's ten largest holdings make up 20% of its $2.12B portfolio in Q4 2025.
  • Rivernorth Capital Management opened 84 new positions and closed 86 in Q4 2025.
  • Rivernorth Capital Management's portfolio value rose 21% quarter-over-quarter to $2.12B.

Based on Rivernorth Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.