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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
AWIN
376
DELISTED
AERWINS Technologies Inc
AWIN
$555K 0.03%
529
– –
MUJ icon
377
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$653M
$554K 0.02%
+50,000
New +$568K
KCGI
378
DELISTED
Kensington Capital Acquisition Corp. V
KCGI
$527K 0.02%
51,704
– –
ANZUU
379
DELISTED
Anzu Special Acquisition Corp I Units
ANZUU
$527K 0.02%
+52,649
New +$523K
AAC.WS
380
DELISTED
Ares Acquisition Corporation Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
AAC.WS
$524K 0.02%
1,114,628
+214,277
+24% +$42K
THAC
381
DELISTED
Thrive Acquisition Corporation Class A ordinary shares
THAC
$517K 0.02%
49,996
– –
BCSA
382
DELISTED
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
$514K 0.02%
49,998
– –
ENTF
383
DELISTED
Enterprise 4.0 Technology Acquisition Corp. Class A Ordinary Shares
ENTF
$514K 0.02%
49,998
– –
XFIN
384
DELISTED
ExcelFin Acquisition Corp Class A Common Stock
XFIN
$511K 0.02%
49,998
– –
MLAI
385
DELISTED
McLaren Technology Acquisition Corp. Class A Common Stock
MLAI
$511K 0.02%
50,000
– –
PPYAU
386
DELISTED
Papaya Growth Opportunity Corp. I Unit
PPYAU
$510K 0.02%
50,000
– –
CIIG
387
DELISTED
CIIG Capital Partners II, Inc. Class A Common Stock
CIIG
$509K 0.02%
49,998
– –
ACABU
388
DELISTED
Atlantic Coastal Acquisition Corp. II Unit
ACABU
$509K 0.02%
50,000
– –
LCW
389
DELISTED
Learn CW Investment Corporation Class A Ordinary Shares
LCW
$506K 0.02%
49,998
– –
KRNL
390
DELISTED
Kernel Group Holdings, Inc. Class A Ordinary Shares
KRNL
$505K 0.02%
50,000
– –
SCOBU
391
DELISTED
ScION Tech Growth II Units
SCOBU
$504K 0.02%
50,000
– –
MSAC
392
DELISTED
Medicus Sciences Acquisition Corp. Class A Ordinary Share
MSAC
$503K 0.02%
50,000
– –
DMYS
393
DELISTED
dMY Technology Group, Inc. VI
DMYS
$502K 0.02%
49,998
– –
JPI
394
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
$497K 0.02%
26,726
+8,581
+47% +$159K
PRPC.U
395
DELISTED
CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
PRPC.U
$485K 0.02%
48,050
– –
NXP icon
396
Nuveen Select Tax-Free Income Portfolio
NXP
$897M
$475K 0.02%
+34,130
New +$457K
VKQ icon
397
Invesco Municipal Trust
VKQ
$545M
$469K 0.02%
47,382
-1,612,290
-97% -$15M
MDH
398
DELISTED
MDH Acquisition Corp.
MDH
$447K 0.02%
44,482
-55,516
-56% -$553K
HCIC
399
DELISTED
Hennessy Capital Investment Corp. V Class A Common Stock
HCIC
$432K 0.02%
43,004
-552,196
-93% -$5.51M
BLUA.U
400
DELISTED
BlueRiver Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-third of a redeemable Warrant to acquire one Class A ordinary shares
BLUA.U
$430K 0.02%
42,642
+17,642
+71% +$176K
14 15
16
17 18

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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.