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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
-6.48%
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
$1.93B
AUM Growth
-$73.9M
Cap. Flow
+$61.5M
Cap. Flow %
3.19%
Top 10 Hldgs %
31.01%
Holding
632
New
48
Increased
91
Reduced
80
Closed
87

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$19.3M
3
BLE
BlackRock Municipal Income Trust II
BLE
+$14M
4
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$13.2M
5
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$13M

Top Sells

Rank Stock Value
1
BBDC icon
Barings BDC
BBDC
+$26.1M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$16.6M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.9M
4
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$15.8M
5
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 12.36%
2 Healthcare 1.47%
3 Technology 1.18%
4 Industrials 1.07%
5 Consumer Discretionary 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ASCBR
351
DELISTED
A SPAC II Acquisition Corp. Right
ASCBR
$18K ﹤0.01%
199,998
-100,000
-33% -$9.21K
MBTCR
352
DELISTED
Nocturne Acquisition Corporation Right
MBTCR
$18K ﹤0.01%
150,000
– –
USARW
353
DELISTED
USA Rare Earth Inc Warrant
USARW
$18K ﹤0.01%
+105,756
New +$21.1K
IMAQR
354
DELISTED
International Media Acquisition Corp. Rights
IMAQR
$17.5K ﹤0.01%
250,000
– –
OAKUR
355
DELISTED
Oak Woods Acquisition Corp Right
OAKUR
$17.5K ﹤0.01%
70,000
– –
PLTNR
356
DELISTED
Plutonian Acquisition Corp. Rights
PLTNR
$17.2K ﹤0.01%
105,000
– –
CSLMR
357
DELISTED
CSLM Acquisition Corp. Right
CSLMR
$15.9K ﹤0.01%
175,000
– –
ROCLW
358
DELISTED
Roth CH Acquisition V Co. Warrant
ROCLW
$15.3K ﹤0.01%
191,139
– –
CLRCR
359
DELISTED
ClimateRock Right
CLRCR
$15.2K ﹤0.01%
169,230
– –
NBSTW
360
DELISTED
Newbury Street Acquisition Corporation Warrants
NBSTW
$15K ﹤0.01%
100,000
– –
JTAIW
361
DELISTED
Jet.AI Inc. Warrant
JTAIW
$15K ﹤0.01%
300,000
– –
NETC.WS
362
DELISTED
Nabors Energy Transition Corp. Warrants, exercisable for one share of Class A Common Stock
NETC.WS
$15K ﹤0.01%
99,999
– –
GATEW
363
DELISTED
Marblegate Acquisition Corp. Warrant
GATEW
$15K ﹤0.01%
299,601
– –
FICVW
364
DELISTED
Frontier Investment Corp Warrants
FICVW
$14.8K ﹤0.01%
123,331
– –
IXAQW
365
DELISTED
IX Acquisition Corp. Warrant
IXAQW
$14.7K ﹤0.01%
490,000
– –
EUDAW icon
366
EUDA Health Holdings Warrant
EUDAW
$195K
$14K ﹤0.01%
175,000
– –
FZT.WS
367
DELISTED
FAST Acquisition Corp. II Redeemable warrants, each whole warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per share
FZT.WS
$13.8K ﹤0.01%
27,673
– –
GRMLW
368
Greenland Mines Ltd Warrant
GRMLW
$13.8K ﹤0.01%
275,000
– –
BFAC.WS
369
DELISTED
Battery Future Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
BFAC.WS
$13.8K ﹤0.01%
125,000
– –
BRLSW icon
370
Borealis Foods Inc Warrant
BRLSW
$547K
$13K ﹤0.01%
100,000
– –
SPECW
371
DELISTED
Spectaire Holdings, Inc. Warrant
SPECW
$12.4K ﹤0.01%
130,400
– –
PEGRW
372
DELISTED
Project Energy Reimagined Acquisition Corp. Warrant
PEGRW
$12K ﹤0.01%
99,998
– –
BWAQW
373
DELISTED
Blue World Acquisition Corporation Warrant
BWAQW
$12K ﹤0.01%
100,000
– –
AILEW
374
DELISTED
iLearningEngines, Inc. Warrant
AILEW
$11.9K ﹤0.01%
65,898
-25,000
-28% -$5.09K
ATMCW
375
DELISTED
AlphaTime Acquisition Corp Warrant
ATMCW
$11.8K ﹤0.01%
200,000
– –
13 14
15
16 17

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Rivernorth Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Rivernorth Capital Management held 632 positions worth $1.93B, down 3.7% from $2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management deployed $61.5M of net new capital in Q3 2023, opening 48 new positions and adding to 91 existing holdings. Its largest new stake was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.

By sector, the portfolio is most concentrated in Financials at 12% of assets, down from 13% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Barings BDC, an estimated $26.1M trimmed.

  • Rivernorth Capital Management's largest Q3 2023 buy was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2023, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q3 2023 reduction was Barings BDC, cutting an estimated $26.1M.
  • Rivernorth Capital Management fully exited BlackRock Corporate High Yield Fund in Q3 2023, selling an estimated $9.1M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.93B portfolio in Q3 2023.
  • Rivernorth Capital Management opened 48 new positions and closed 87 in Q3 2023.
  • Rivernorth Capital Management's portfolio value fell 3.7% quarter-over-quarter to $1.93B.

Based on Rivernorth Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.