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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
+0.01%
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
$1.88B
AUM Growth
-$193M
Cap. Flow
-$191M
Cap. Flow %
-10.13%
Top 10 Hldgs %
26.86%
Holding
449
New
40
Increased
54
Reduced
68
Closed
89

Top Buys

Rank Stock Value
1
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$6.71M
2
FGMCU
FG Merger II Corp Unit
FGMCU
+$6.3M
3
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$6.17M
4
PMX
PIMCO Municipal Income Fund III
PMX
+$5.82M
5
BINC icon
BlackRock Flexible Income ETF
BINC
+$5.69M

Top Sells

Rank Stock Value
1
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$27.2M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$22.7M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$22M
4
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$18.1M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$15M

Sector Composition

Rank Sector Weight
1 Financials 9.55%
2 Industrials 0.58%
3 Consumer Staples 0.28%
4 Energy 0.27%
5 Utilities 0.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LDP icon
376
Cohen & Steers Duration Preferred & Income Fund
LDP
$601M
– –
-37,107
Closed -$750K
NAN icon
377
Nuveen New York Quality Municipal Income Fund
NAN
$372M
– –
-150,768
Closed -$1.72M
NCA icon
378
Nuveen California Municipal Value Fund
NCA
$304M
– –
-251,339
Closed -$2.12M
NCZ
379
Virtus Convertible & Income Fund II
NCZ
$306M
– –
-10,910
Closed -$137K
PSF icon
380
Cohen & Steers Select Preferred & Income Fund
PSF
$235M
– –
-10,112
Closed -$200K
PTA icon
381
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
$1.05B
– –
-370,242
Closed -$7.12M
QETA icon
382
Quetta Acquisition Corp
QETA
– –
-96,914
Closed -$1.02M
TEI
383
Templeton Emerging Markets Income Fund
TEI
$320M
– –
-129,709
Closed -$665K
TYG
384
Tortoise Energy Infrastructure Corp
TYG
$1.09B
– –
-168,308
Closed -$7.07M
VGASW icon
385
Verde Clean Fuels Warrant
VGASW
$739K
– –
-142,679
Closed -$40K
FUFUW icon
386
BitFuFu Inc Warrant
FUFUW
– –
-117,962
Closed -$64.9K
CUBWU
387
Lionheart Holdings Unit
CUBWU
– –
-23,561
Closed -$239K
FSHPU
388
Flag Ship Acquisition Corp Unit
FSHPU
– –
-38,192
Closed -$391K
LPAAU
389
Launch One Acquisition Corp Unit
LPAAU
– –
-81,498
Closed -$822K
FLD
390
Fold Holdings
FLD
$23.4M
– –
-500,000
Closed -$5.55M
GIGGU
391
DELISTED
GigCapital7 Corp Unit
GIGGU
– –
-30,889
Closed -$310K
POLEU
392
Andretti Acquisition Corp II Unit
POLEU
– –
-17,001
Closed -$171K
CLSKW
393
CleanSpark Inc Warrant
CLSKW
$269K
– –
-14,320
Closed -$10.3K
DYNCU
394
Dynamix Corp Unit
DYNCU
– –
-10,000
Closed -$99.2K
RMSG
395
Real Messenger Corp
RMSG
$5.42M
– –
-16,500
Closed -$42.1K
ELPW
396
Elong Power Holding Ltd
ELPW
$2.23M
– –
-1
Closed -$38.8K
CCIR
397
DELISTED
Cohen Circle Acquisition Corp. I Class A Ordinary Shares
CCIR
– –
-199,998
Closed -$2M
CCIRW
398
DELISTED
Cohen Circle Acquisition Corp. I Warrant
CCIRW
– –
-66,666
Closed -$29.9K
CYCU
399
Cycurion Inc
CYCU
$7.06M
– –
-3,353
Closed -$1.06M
FVNNU
400
Future Vision II Acquisition Corp Units
FVNNU
– –
-35,000
Closed -$352K
14 15
16
17 18

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Rivernorth Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Rivernorth Capital Management held 449 positions worth $1.88B, down 9.3% from $2.08B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $191M in Q1 2025, closing 89 positions and reducing 68 holdings. Its most notable exit was SK Growth Opportunities Corporation Class A Common Stock, an estimated $11.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.6% of assets, down from 11% a quarter earlier, followed by Industrials and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in FG Merger II Corp Unit worth $6.28M.

  • Rivernorth Capital Management's largest Q1 2025 buy was FG Merger II Corp Unit: 642,969 shares worth $6.28M.
  • Rivernorth Capital Management added most to Nuveen Pennsylvania Quality Municipal Income Fund in Q1 2025, an estimated $6.71M increase.
  • Rivernorth Capital Management's biggest Q1 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $27.2M.
  • Rivernorth Capital Management fully exited SK Growth Opportunities Corporation Class A Common Stock in Q1 2025, selling an estimated $11.6M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.88B portfolio in Q1 2025.
  • Rivernorth Capital Management opened 40 new positions and closed 89 in Q1 2025.
  • Rivernorth Capital Management's portfolio value fell 9.3% quarter-over-quarter to $1.88B.

Based on Rivernorth Capital Management's 13F filing for Q1 2025, filed 15 May 2025.