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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
-4.74%
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
$2.23B
AUM Growth
-$240M
Cap. Flow
-$153M
Cap. Flow %
-6.87%
Top 10 Hldgs %
22.33%
Holding
940
New
121
Increased
146
Reduced
85
Closed
68

Top Buys

Rank Stock Value
1
ZTR
Virtus Total Return Fund
ZTR
+$22.4M
2
PAXS
PIMCO Access Income Fund
PAXS
+$16M
3
VVR icon
Invesco Senior Income Trust
VVR
+$9.57M
4
BFK
BlackRock Municipal Income Trust
BFK
+$9.31M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$7.54M

Top Sells

Rank Stock Value
1
PSTH
Pershing Square Tontine Holdings, Ltd.
PSTH
+$41.6M
2
CLM icon
Cornerstone Strategic Value Fund
CLM
+$33.6M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$32.8M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.1M
5
PTA icon
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
+$24.8M

Sector Composition

Rank Sector Weight
1 Financials 27.26%
2 Healthcare 1.37%
3 Technology 1.26%
4 Industrials 0.95%
5 Communication Services 0.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NML
351
Neuberger Energy Infrastructure and Income Fund Inc
NML
$605M
$1.06M 0.05%
172,307
-645,124
-79% -$4.33M
MTRY
352
DELISTED
Monterey Innovation Acquisition Corp. Common Stock
MTRY
$1.05M 0.05%
98,421
-41,578
-30% -$419K
MLGO
353
MicroAlgo
MLGO
$44M
$1.03M 0.05%
17
– –
LEO
354
BNY Mellon Strategic Municipals
LEO
$389M
$1.03M 0.05%
169,028
-292,478
-63% -$1.96M
ACBA
355
DELISTED
Ace Global Business Acquisition Ltd
ACBA
$1.02M 0.05%
98,100
– –
PACX
356
DELISTED
Pioneer Merger Corp. Class A Ordinary Share
PACX
$1.02M 0.05%
102,243
– –
DTRT
357
DELISTED
DTRT Health Acquisition Corp. Class A Common Stock
DTRT
$1.02M 0.05%
100,000
– –
NCAC
358
DELISTED
Newcourt Acquisition Corp Class A Ordinary Share
NCAC
$1.01M 0.05%
99,998
– –
AXH
359
DELISTED
Industrial Human Capital, Inc.
AXH
$1.01M 0.05%
100,000
– –
HCMAU
360
DELISTED
HCM Acquisition Corp Unit
HCMAU
$1.01M 0.05%
100,000
– –
GVCI
361
DELISTED
Green Visor Financial Technology Acquisition Corp. I Class A Ordinary Shares
GVCI
$1.01M 0.05%
99,999
– –
BRLS icon
362
Borealis Foods
BRLS
$18M
$1.01M 0.05%
100,000
– –
ADRT.U
363
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
$1.01M 0.05%
100,000
– –
MBSC
364
DELISTED
M3-Brigade Acquisition III Corp.
MBSC
$1.01M 0.05%
99,993
– –
ARBGU
365
DELISTED
Aequi Acquisition Corp Unit
ARBGU
$1.01M 0.05%
101,084
– –
RDZN icon
366
Roadzen
RDZN
$112M
$1.01M 0.05%
99,998
– –
WRAC
367
DELISTED
Williams Rowland Acquisition Corp.
WRAC
$1.01M 0.05%
100,000
– –
CFIV
368
DELISTED
CF Acquisition Corp. IV Class A common stock
CFIV
$1M 0.05%
+100,998
New +$1,000K
CDIO icon
369
Cardio Diagnostics
CDIO
$5.92M
$1M 0.05%
3,333
– –
EUCR
370
DELISTED
Eucrates Biomedical Acquisition Corp. Ordinary Shares
EUCR
$1M 0.05%
99,996
– –
GACQ
371
DELISTED
Global Consumer Acquisition Corp. Common Stock
GACQ
$1M 0.05%
98,312
– –
BBN icon
372
BlackRock Taxable Municipal Bond Trust
BBN
$985M
$1M 0.05%
+61,014
New +$1.14M
ALSAU
373
DELISTED
Alpha Star Acquisition Corp Units
ALSAU
$1M 0.04%
97,352
-1,489
-2% -$15K
USCT
374
DELISTED
Roth CH Acquisition Co. Class A Ordinary Shares
USCT
$1M 0.04%
+98,850
New +$997K
BIOSU
375
DELISTED
BioPlus Acquisition Corp. Unit
BIOSU
$1M 0.04%
99,359
– –
13 14
15
16 17

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Rivernorth Capital Management's Q3 2022 Portfolio in Review

As of Q3 2022, Rivernorth Capital Management held 940 positions worth $2.23B, down 9.7% from $2.47B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Rivernorth Capital Management withdrew a net $153M in Q3 2022, closing 68 positions and reducing 85 holdings. Its most notable exit was Pershing Square Tontine Holdings, Ltd., an estimated $41.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 22% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Virtus Total Return Fund worth $17.8M.

  • Rivernorth Capital Management's largest Q3 2022 buy was Virtus Total Return Fund: 2,860,573 shares worth $17.8M.
  • Rivernorth Capital Management added most to PIMCO Access Income Fund in Q3 2022, an estimated $16M increase.
  • Rivernorth Capital Management's biggest Q3 2022 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $32.8M.
  • Rivernorth Capital Management fully exited Pershing Square Tontine Holdings, Ltd. in Q3 2022, selling an estimated $41.6M.
  • Rivernorth Capital Management's ten largest holdings make up 22% of its $2.23B portfolio in Q3 2022.
  • Rivernorth Capital Management opened 121 new positions and closed 68 in Q3 2022.
  • Rivernorth Capital Management's portfolio value fell 9.7% quarter-over-quarter to $2.23B.

Based on Rivernorth Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.