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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
ABVEW
376
DELISTED
Above Food Ingredients Inc Warrants
ABVEW
$11.6K ﹤0.01%
231,917
– –
BNZIW
377
DELISTED
Banzai International Warrant
BNZIW
$11.6K ﹤0.01%
128,720
– –
BUJAR
378
DELISTED
Bukit Jalil Global Acquisition 1 Ltd. Rights
BUJAR
$11.3K ﹤0.01%
+75,000
New +$11.7K
ARIZR
379
DELISTED
Arisz Acquisition Corp. Right
ARIZR
$11.3K ﹤0.01%
125,000
– –
INTEW
380
DELISTED
Integral Acquisition Corporation 1 Warrants
INTEW
$11.2K ﹤0.01%
324,999
– –
ACRO.WS
381
DELISTED
Acropolis Infrastructure Acquisition Corp Warrants
ACRO.WS
$11.2K ﹤0.01%
187,080
– –
ALCYW
382
DELISTED
Alchemy Investments Acquisition Corp 1 Warrants
ALCYW
$11.2K ﹤0.01%
+62,358
New +$10.8K
MNTN.WS
383
DELISTED
Everest Consolidator Acquisition Corporation Warrants, each whole warrant exercisable for one share of Class A Common Stock, at an exercise price of $11.50
MNTN.WS
$11K ﹤0.01%
54,999
– –
GDNRW
384
DELISTED
Gardiner Healthcare Acquisitions Corp. Warrant
GDNRW
$10.9K ﹤0.01%
365,000
– –
FLFVR
385
DELISTED
Feutune Light Acquisition Corporation Right
FLFVR
$10.7K ﹤0.01%
84,000
– –
CNDA.WS
386
DELISTED
Concord Acquisition Corp II Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50
CNDA.WS
$10.7K ﹤0.01%
+152,962
New +$10.3K
RFACW
387
DELISTED
RF Acquisition Corp. Warrants
RFACW
$10.5K ﹤0.01%
350,000
– –
ENERR
388
DELISTED
Accretion Acquisition Corp Right
ENERR
$10.5K ﹤0.01%
174,998
– –
PPHPR
389
DELISTED
PHP Ventures Acquisition Corp. Rights
PPHPR
$10.1K ﹤0.01%
63,064
– –
PMGMW
390
DELISTED
Priveterra Acquisition Corp. II Warrant to purchase Class A common stock
PMGMW
$10.1K ﹤0.01%
201,213
– –
CDTTW
391
CDT Equity Inc Warrant
CDTTW
$10K ﹤0.01%
200,000
– –
OSRHW
392
OSR Health Warrant
OSRHW
$351K
$10K ﹤0.01%
250,000
– –
SOAR.WS
393
DELISTED
Volato Group, Inc. Redeemable Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
SOAR.WS
$9.9K ﹤0.01%
109,998
– –
ATEK.WS
394
DELISTED
Athena Technology Acquisition Corp. II Redeemable Warrants
ATEK.WS
$9.8K ﹤0.01%
75,353
– –
BOCNW
395
DELISTED
Blue Ocean Acquisition Corp Warrants
BOCNW
$9.31K ﹤0.01%
186,296
– –
PRSTW
396
DELISTED
Presto Technologies, Inc. Warrant
PRSTW
$9.31K ﹤0.01%
186,232
– –
DECAW
397
DELISTED
Denali Capital Acquisition Corp. Warrant
DECAW
$9.29K ﹤0.01%
154,800
– –
ITAQW
398
DELISTED
Industrial Tech Acquisitions II, Inc. Warrants
ITAQW
$9.25K ﹤0.01%
145,000
– –
GBBKW
399
DELISTED
Global Blockchain Acquisition Corp. Warrant
GBBKW
$9.03K ﹤0.01%
300,000
– –
LGVCW
400
DELISTED
LAMF Global Ventures Corp. I Warrant
LGVCW
$9K ﹤0.01%
149,999
– –
14 15
16
17 18

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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.