We are live on ! Find out more
RCM

Rivernorth Capital Management Portfolio holdings

AUM $2B
1-Year Est. Return 0.79%
This Fund
S&P 500
This Quarter Est. Return
+3.25%
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
$1.75B
AUM Growth
-$54.5M
Cap. Flow
-$97M
Cap. Flow %
-5.53%
Top 10 Hldgs %
22.6%
Holding
571
New
214
Increased
30
Reduced
135
Closed
92

Top Buys

Rank Stock Value
1
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$24.8M
2
PML
PIMCO Municipal Income Fund II
PML
+$23.7M
3
MSDL icon
Morgan Stanley Direct Lending Fund
MSDL
+$14.3M
4
USA icon
Liberty All-Star Equity Fund
USA
+$13.3M
5
PCQ
Pimco California Municipal Income Fund
PCQ
+$13.2M

Top Sells

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$29.5M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$27.6M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$20.6M
4
ACP
abrdn Income Credit Strategies Fund
ACP
+$19.8M
5
PMX
PIMCO Municipal Income Fund III
PMX
+$18.3M

Sector Composition

Rank Sector Weight
1 Financials 25.87%
2 Real Estate 0.63%
3 Industrials 0.5%
4 Energy 0.3%
5 Consumer Discretionary 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FERAR
326
Fifth Era Acquisition Corp I Rights
FERAR
$78.8K ﹤0.01%
+297,500
New +$76K
HVIIR
327
Hennessy Capital Investment Corp VII Rights
HVIIR
$78.3K ﹤0.01%
+290,000
New +$83.2K
DRDBW
328
Roman DBDR Acquisition Corp II Warrants
DRDBW
$77.2K ﹤0.01%
+150,000
New +$76K
BKHAR
329
Black Hawk Acquisition Corp Rights
BKHAR
$75.6K ﹤0.01%
62,997
– –
MLACR
330
DELISTED
Mountain Lake Acquisition Corp Right
MLACR
$75.1K ﹤0.01%
+500,000
New +$100K
SIMAW
331
SIM Acquisition Corp I Warrant
SIMAW
$74.4K ﹤0.01%
200,951
– –
NOEMW
332
CO2 Energy Transition Corp Warrant
NOEMW
$1.1M
$72.4K ﹤0.01%
+428,040
New +$59.8K
BACCR
333
Blue Acquisition Corp Right
BACCR
$72.1K ﹤0.01%
+446,469
New +$66.2K
CAPNR
334
Cayson Acquisition Corp Right
CAPNR
$72K ﹤0.01%
450,000
– –
GSHRW
335
Gesher Acquisition Corp II Warrants
GSHRW
$72K ﹤0.01%
+224,936
New +$67.5K
SZZLR
336
Sizzle Acquisition Corp II Right
SZZLR
$71.5K ﹤0.01%
+397,500
New +$73.9K
CUBWW
337
Lionheart Holdings Warrant
CUBWW
$6.67M
$69.5K ﹤0.01%
272,577
– –
FSHPR
338
Flag Ship Acquisition Corp Right
FSHPR
$69.3K ﹤0.01%
577,000
– –
DMAAR
339
Drugs Made In America Acquisition Corp Rights
DMAAR
$69.1K ﹤0.01%
+317,998
New +$59.1K
RTACW
340
Renatus Tactical Acquisition Corp I Warrant
RTACW
$7.26M
$68.4K ﹤0.01%
+57,000
New +$88.3K
ALFUW
341
Centurion Acquisition Corp Warrant
ALFUW
$3.02M
$68K ﹤0.01%
200,000
– –
SOUL.RT
342
Soulpower Acquisition Corp Rights
SOUL.RT
$68K ﹤0.01%
+357,750
New +$67.2K
SVCCW
343
Stellar V Capital Corp Warrant
SVCCW
$67.6K ﹤0.01%
+198,750
New +$65.2K
OYSER
344
Oyster Enterprises II Acquisition Corp Rights
OYSER
$67.6K ﹤0.01%
+397,500
New +$67.7K
RAAQW
345
DELISTED
Real Asset Acquisition Corp Warrants
RAAQW
$66.9K ﹤0.01%
+148,750
New +$60.5K
AACBR
346
Artius II Acquisition Inc Rights
AACBR
$66K ﹤0.01%
+299,872
New +$66.7K
CRAQR
347
Cal Redwood Acquisition Corp Right
CRAQR
$65.5K ﹤0.01%
+297,500
New +$67.2K
KFIIR
348
K&F Growth Acquisition Corp II Rights
KFIIR
$65K ﹤0.01%
+499,744
New +$75.2K
HSPTR
349
DELISTED
Horizon Space Acquisition II Corp Right
HSPTR
$64.2K ﹤0.01%
+427,400
New +$72.6K
ATIIW
350
Archimedes Tech SPAC Partners II Co Warrant
ATIIW
$17.9M
$62.6K ﹤0.01%
+178,875
New +$62.2K
12 13
14
15 16

Similar funds

LGM
Logos Global Management San Francisco, California $2B AUM 444.09% 1-Year Est. Return
MYAM
Meiji Yasuda Asset Management Tokyo, Japan $2B AUM 22.52% 1-Year Est. Return
C
Consulta London, United Kingdom $2.01B AUM 16.82% 1-Year Est. Return
CAM
Cormorant Asset Management Boston, Massachusetts $1.99B AUM 737.95% 1-Year Est. Return
SC
Syon Capital San Francisco, California $1.99B AUM 22.67% 1-Year Est. Return
BGM
Burkehill Global Management New York $2.02B AUM 85.32% 1-Year Est. Return
RMCM
Reynders McVeigh Capital Management Boston, Massachusetts $1.98B AUM 23.37% 1-Year Est. Return
AF
Alerus Financial Grand Forks, North Dakota $2.02B AUM 26.03% 1-Year Est. Return

Rivernorth Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Rivernorth Capital Management held 571 positions worth $1.75B, down 3% from $1.81B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Rivernorth Capital Management withdrew a net $97M in Q3 2025, closing 92 positions and reducing 135 holdings. Its most notable exit was Nuveen AMT-Free Quality Municipal Income Fund, an estimated $27.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 9.4% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock Multi-Sector Income Trust worth $23.4M.

  • Rivernorth Capital Management's largest Q3 2025 buy was BlackRock Multi-Sector Income Trust: 1,748,396 shares worth $23.4M.
  • Rivernorth Capital Management added most to PIMCO Municipal Income Fund II in Q3 2025, an estimated $23.7M increase.
  • Rivernorth Capital Management's biggest Q3 2025 reduction was Nuveen Quality Municipal Income Fund, cutting an estimated $29.5M.
  • Rivernorth Capital Management fully exited Nuveen AMT-Free Quality Municipal Income Fund in Q3 2025, selling an estimated $27.6M.
  • Rivernorth Capital Management's ten largest holdings make up 23% of its $1.75B portfolio in Q3 2025.
  • Rivernorth Capital Management opened 214 new positions and closed 92 in Q3 2025.
  • Rivernorth Capital Management's portfolio value fell 3% quarter-over-quarter to $1.75B.

Based on Rivernorth Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.