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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
TGVC
376
DELISTED
TG Venture Acquisition Corp. Class A Common Stock
TGVC
$999K 0.04%
99,999
– –
MQY icon
377
BlackRock MuniYield Quality Fund
MQY
$816M
$996K 0.04%
+90,123
New +$1.13M
FTPA
378
DELISTED
FTAC Parnassus Acquisition Corp. Class A Common Stock
FTPA
$995K 0.04%
+101,333
New +$996K
FZT
379
DELISTED
FAST Acquisition Corp. II
FZT
$994K 0.04%
101,263
+1,271
+1% +$12.5K
SNRHU
380
DELISTED
Senior Connect Acquisition Corp. I Unit
SNRHU
$994K 0.04%
100,000
– –
GSQB
381
DELISTED
G Squared Ascend II Inc.
GSQB
$992K 0.04%
99,993
– –
TETC
382
DELISTED
Tech and Energy Transition Corporation Class A Common Stock
TETC
$992K 0.04%
100,633
+637
+0.6% +$6.25K
LVRA
383
DELISTED
Levere Holdings Corp. Class A Ordinary Shares
LVRA
$992K 0.04%
99,996
– –
KSI
384
DELISTED
Kadem Sustainable Impact Corporation Class A common stock
KSI
$992K 0.04%
100,874
– –
PCPC
385
DELISTED
Periphas Capital Partnering Corporation
PCPC
$991K 0.04%
39,996
– –
BNAI
386
Brand Engagement Network
BNAI
$101M
$990K 0.04%
10,000
– –
SHQA
387
DELISTED
Shelter Acquisition Corporation I Class A Common Stock
SHQA
$990K 0.04%
99,998
– –
GRDI
388
DELISTED
GRIID Infrastructure Inc. Common Stock
GRDI
$989K 0.04%
99,998
– –
MCAF
389
DELISTED
Mountain Crest Acquisition Corp. IV Common Stock
MCAF
$987K 0.04%
100,000
– –
MDH
390
DELISTED
MDH Acquisition Corp.
MDH
$986K 0.04%
99,998
– –
BGSX
391
DELISTED
Build Acquisition Corp.
BGSX
$984K 0.04%
99,990
– –
AAQC
392
DELISTED
Accelerate Acquisition Corp
AAQC
$984K 0.04%
99,996
– –
BSKY
393
DELISTED
Big Sky Growth Partners, Inc. Class A Common Stock
BSKY
$961K 0.04%
98,284
– –
TSLX icon
394
Sixth Street Specialty
TSLX
$1.76B
$959K 0.04%
+58,701
New +$1.09M
LGACU
395
DELISTED
Lazard Growth Acquisition Corp. I Units
LGACU
$932K 0.04%
94,000
– –
NSTD.U
396
DELISTED
Northern Star Investment Corp. IV Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant
NSTD.U
$918K 0.04%
+93,368
New +$917K
JHAA
397
DELISTED
Nuveen Corporate Income 2023 Target Term Fund
JHAA
$913K 0.04%
101,401
+100
+0.1% +$911
EOCW.U
398
DELISTED
Elliott Opportunity II Corp. Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
EOCW.U
$907K 0.04%
+91,800
New +$906K
SBII
399
DELISTED
Sandbridge X2 Corp.
SBII
$896K 0.04%
91,053
– –
NBW
400
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
$893K 0.04%
85,044
-79,171
-48% -$914K
14 15
16
17 18

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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.