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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
+3.94%
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
$2.07B
AUM Growth
-$46.1M
Cap. Flow
-$126M
Cap. Flow %
-6.07%
Top 10 Hldgs %
30.91%
Holding
491
New
49
Increased
67
Reduced
60
Closed
103

Top Buys

Rank Stock Value
1
ACP
abrdn Income Credit Strategies Fund
ACP
+$26.9M
2
MHI
Pioneer Municipal High Income Fund
MHI
+$7.96M
3
PCF
High Income Securities Fund
PCF
+$7.68M
4
DMF
BNY Mellon Municipal Income
DMF
+$7.54M
5
OCSL icon
Oaktree Specialty Lending
OCSL
+$6.93M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$37.8M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$19.8M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$13.1M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$12.6M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$10.7M

Sector Composition

Rank Sector Weight
1 Financials 7.8%
2 Technology 0.67%
3 Consumer Staples 0.25%
4 Consumer Discretionary 0.24%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PRENW
376
Prenetics Global Ltd Warrant
PRENW
$113K
$354 ﹤0.01%
32,770
– –
XBPEW
377
XBP Europe Holdings Warrant
XBPEW
$320 ﹤0.01%
24,999
– –
DFNSW
378
T3 Defense Inc Warrants
DFNSW
$627K
$298 ﹤0.01%
32,042
– –
ECXWW
379
ECARX Holdings Warrants
ECXWW
$1.08M
$266 ﹤0.01%
12,500
– –
ZAPPW
380
DELISTED
Zapp Electric Vehicles Group Limited Warrant
ZAPPW
$247 ﹤0.01%
24,999
– –
PRSTW
381
DELISTED
Presto Technologies, Inc. Warrant
PRSTW
$223 ﹤0.01%
186,232
– –
CGBSW
382
DELISTED
Crown LNG Holdings Limited Warrants
CGBSW
$218 ﹤0.01%
+11,000
New +$556
SOAR.WS
383
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
$209 ﹤0.01%
109,998
– –
CEROW
384
DELISTED
CERo Therapeutics Warrants
CEROW
$127 ﹤0.01%
24,998
– –
NUVOW
385
DELISTED
Holdco Nuvo Group D.G Ltd. Warrants
NUVOW
$60 ﹤0.01%
+149,999
New +$2.69K
BLUA.WS
386
DELISTED
BlueRiver Acquisition Corp. Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50
BLUA.WS
$32 ﹤0.01%
17,806
– –
BENF icon
387
Beneficient
BENF
$39.8M
– –
-76,868
Closed -$1.37M
BMN icon
388
BlackRock 2037 Municipal Target Term Trust
BMN
$155M
– –
-92,688
Closed -$2.29M
BUJA
389
DELISTED
Bukit Jalil Global Acquisition 1
BUJA
– –
-71,934
Closed -$769K
CEV
390
Eaton Vance California Municipal Income Trust
CEV
$74.6M
– –
-22,390
Closed -$244K
CLBR.U
391
DELISTED
Colombier Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CLBR.U
– –
-12,813
Closed -$134K
DNP icon
392
DNP Select Income Fund
DNP
$4.1B
– –
-221,628
Closed -$1.82M
EVN
393
Eaton Vance Municipal Income Trust
EVN
$429M
– –
-397,820
Closed -$4.12M
GHY
394
PGIM Global High Yield Fund
GHY
$482M
– –
-525,911
Closed -$6.25M
JFR icon
395
Nuveen Floating Rate Income Fund
JFR
$1.26B
– –
-229,185
Closed -$1.98M
JPC icon
396
Nuveen Preferred & Income Opportunities Fund
JPC
$2.91B
– –
-5,055,008
Closed -$37.8M
JPI
397
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
– –
-236,776
Closed -$4.61M
JPST icon
398
JPMorgan Ultra-Short Income ETF
JPST
$40.6B
– –
-18,500
Closed -$934K
JRS icon
399
Nuveen Real Estate Income Fund
JRS
$241M
– –
-53,902
Closed -$412K
JVSAU
400
DELISTED
JVSPAC Acquisition Corp. Unit
JVSAU
– –
-41,318
Closed -$431K
14 15
16
17 18

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Rivernorth Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Rivernorth Capital Management held 491 positions worth $2.07B, down 2.2% from $2.12B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $126M in Q3 2024, closing 103 positions and reducing 60 holdings. Its most notable exit was Nuveen Preferred & Income Opportunities Fund, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.4% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in abrdn Income Credit Strategies Fund worth $27.3M.

  • Rivernorth Capital Management's largest Q3 2024 buy was abrdn Income Credit Strategies Fund: 4,123,676 shares worth $27.3M.
  • Rivernorth Capital Management added most to Pioneer Municipal High Income Fund in Q3 2024, an estimated $7.96M increase.
  • Rivernorth Capital Management's biggest Q3 2024 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $19.8M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Opportunities Fund in Q3 2024, selling an estimated $37.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q3 2024.
  • Rivernorth Capital Management opened 49 new positions and closed 103 in Q3 2024.
  • Rivernorth Capital Management's portfolio value fell 2.2% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.