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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
MSAI icon
351
MultiSensor AI
MSAI
$11.1M
$766K 0.03%
1,875
– –
ARRWU
352
DELISTED
Arrowroot Acquisition Corp. Unit
ARRWU
$763K 0.03%
+76,200
New +$756K
LDHAU
353
DELISTED
LDH Growth Corp I Units
LDHAU
$755K 0.03%
75,000
– –
GATE
354
DELISTED
Marblegate Acquisition Corp. Class A Common Stock
GATE
$752K 0.03%
75,000
-525,000
-88% -$5.28M
WAVC
355
DELISTED
Waverley Capital Acquisition Corp. 1
WAVC
$751K 0.03%
74,997
– –
PNI
356
PIMCO New York Municipal Income Fund II
PNI
$78M
$751K 0.03%
94,460
-6,299
-6% -$48.9K
AILE
357
DELISTED
iLearningEngines, Inc. Common Stock
AILE
$723K 0.03%
+72,040
New +$716K
EVF
358
Eaton Vance Senior Income Trust
EVF
$91.8M
$720K 0.03%
136,570
-2,200
-2% -$11.8K
KSICU
359
DELISTED
Kadem Sustainable Impact Corporation Unit
KSICU
$703K 0.03%
70,000
– –
FCAX.U
360
DELISTED
Fortress Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant
FCAX.U
$701K 0.03%
70,800
– –
SPK
361
DELISTED
SPK Acquisition Corp. Common Stock
SPK
$701K 0.03%
68,041
-118,748
-64% -$1.21M
PDOT.U
362
DELISTED
Peridot Acquisition Corp. II Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
PDOT.U
$675K 0.03%
+66,850
New +$669K
DMB
363
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$196M
$674K 0.03%
+64,112
New +$688K
ONYX
364
DELISTED
Onyx Acquisition Co. I Class A Ordinary Shares
ONYX
$670K 0.03%
65,000
– –
PXH icon
365
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.97B
$669K 0.03%
37,953
– –
PPHP
366
DELISTED
PHP Ventures Acquisition Corp. Class A Common Stock
PPHP
$656K 0.03%
63,064
– –
LFACU
367
DELISTED
LF Capital Acquisition Corp. II Units
LFACU
$656K 0.03%
64,298
– –
SDACU
368
DELISTED
Sustainable Development Acquisition I Corp. Unit
SDACU
$632K 0.03%
+62,852
New +$628K
QTI
369
QT Imaging Holdings
QTI
$41.3M
$628K 0.03%
61,577
– –
FRSG
370
DELISTED
First Reserve Sustainable Growth Corp. Class A Common Stock
FRSG
$603K 0.03%
+60,000
New +$597K
PSPC
371
DELISTED
Post Holdings Partnering Corporation
PSPC
$602K 0.03%
60,657
+10,235
+20% +$101K
CCAI
372
DELISTED
Cascadia Acquisition Corp. Class A Common Stock
CCAI
$597K 0.03%
+59,544
New +$592K
SLAMU
373
DELISTED
Slam Corp. Unit
SLAMU
$577K 0.03%
+57,144
New +$572K
MYN icon
374
BlackRock MuniYield New York Quality Fund
MYN
$376M
$571K 0.03%
58,301
+40,094
+220% +$384K
CSTA.U
375
DELISTED
Constellation Acquisition Corp I Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CSTA.U
$557K 0.03%
55,140
+30,140
+121% +$302K
13 14
15
16 17

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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.