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
SDHIR
351
Siddhi Acquisition Corp Right
SDHIR
$62.5K ﹤0.01%
+297,500
New +$68.7K
EGHAR
352
EGH Acquisition Corp Rights
EGHAR
$62.5K ﹤0.01%
+297,500
New +$64.6K
NAMMW
353
Namib Minerals Warrants
NAMMW
$62.5K ﹤0.01%
446,085
-10,000
-2% -$1.67K
YHNAR
354
YHN Acquisition I Ltd Right
YHNAR
$62.3K ﹤0.01%
445,000
– –
SOCAW
355
Solarius Capital Acquisition Corp Warrant
SOCAW
$61.5K ﹤0.01%
+247,705
New +$56.6K
RIBBR
356
Ribbon Acquisition Corp Rights
RIBBR
$60K ﹤0.01%
+300,000
New +$68.8K
TACHW
357
Titan Acquisition Corp Warrants
TACHW
$59.9K ﹤0.01%
+198,750
New +$58.2K
LCCCR
358
Lakeshore Acquisition III Corp Rights
LCCCR
$59.5K ﹤0.01%
+297,500
New +$63.2K
SPEGR
359
Silver Pegasus Acquisition Corp Rights
SPEGR
$58.7K ﹤0.01%
+234,754
New +$50.7K
GPATW
360
GP-Act III Acquisition Corp Warrants
GPATW
$2.79M
$58.7K ﹤0.01%
225,599
– –
TDACW
361
Translational Development Acquisition Corp Warrants
TDACW
$16.4M
$58K ﹤0.01%
+200,000
New +$54.2K
NTWOW
362
Newbury Street II Acquisition Corp Warrant
NTWOW
$3.02M
$57.7K ﹤0.01%
+249,872
New +$57.6K
ATMCR
363
DELISTED
AlphaTime Acquisition Corp Right
ATMCR
$56.8K ﹤0.01%
200,000
– –
DYCQR
364
DELISTED
DT Cloud Acquisition Corp Right
DYCQR
$56K ﹤0.01%
400,000
– –
BSAAR
365
BEST SPAC I Acquisition Corp Rights
BSAAR
$56K ﹤0.01%
+400,000
New +$56K
AFJKR
366
Aimei Health Technology Co Right
AFJKR
$55.3K ﹤0.01%
172,789
– –
FACTW
367
FACT II Acquisition Corp Warrant
FACTW
$1.84M
$54.6K ﹤0.01%
+195,000
New +$51.1K
TVAIR
368
Thayer Ventures Acquisition Corporation II Rights
TVAIR
$54.1K ﹤0.01%
+318,000
New +$53.7K
EURKR
369
Eureka Acquisition Corp Right
EURKR
$54K ﹤0.01%
225,000
– –
CHARR
370
Charlton Aria Acquisition Corp Rights
CHARR
$54K ﹤0.01%
300,000
– –
CCAQW
371
Collective Acquisition Corp Warrants
CCAQW
$3.34M
$53.3K ﹤0.01%
+253,320
New +$47.4K
POLEW
372
Andretti Acquisition Corp II Warrant
POLEW
$2.19M
$52.5K ﹤0.01%
262,666
– –
UCFIW
373
CN Healthy Food Tech Group Warrant
UCFIW
$51.3K ﹤0.01%
508,133
– –
LPAAW
374
Launch One Acquisition Corp Warrant
LPAAW
$1.73M
$50.4K ﹤0.01%
218,913
-5,142
-2% -$1.24K
INACR
375
Indigo Acquisition Corp Right
INACR
$49.8K ﹤0.01%
+311,275
New +$44.3K
13 14
15
16 17

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.