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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
MUJ icon
401
BlackRock MuniHoldings New Jersey Quality Fund
MUJ
$653M
– –
-34,144
Closed -$389K
NCA icon
402
Nuveen California Municipal Value Fund
NCA
$304M
– –
-34,735
Closed -$301K
NMCO icon
403
Nuveen Municipal Credit Opportunities Fund
NMCO
$584M
– –
-156,384
Closed -$1.72M
NPCT icon
404
Nuveen Core Plus Impact Fund
NPCT
$284M
– –
-325,872
Closed -$3.55M
NPFD icon
405
Nuveen Variable Rate Preferred & Income Fund
NPFD
$451M
– –
-31,920
Closed -$587K
NXJ
406
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
– –
-140,523
Closed -$1.72M
PAXS
407
PIMCO Access Income Fund
PAXS
$676M
– –
-417,926
Closed -$6.61M
PYN
408
DELISTED
PIMCO New York Municipal Income Fund III
PYN
– –
-22,425
Closed -$132K
VGAS icon
409
Verde Clean Fuels
VGAS
$28.7M
– –
-67,478
Closed -$279K
LEGT.U
410
DELISTED
Legato Merger Corp III Units
LEGT.U
– –
-71,172
Closed -$725K
CRML icon
411
Critical Metals Corp
CRML
$989M
– –
-91,474
Closed -$2.06M
GPATU
412
GP-Act III Acquisition Corp Units
GPATU
– –
-451,200
Closed -$4.53M
RFAIU
413
RF Acquisition Corp II Unit
RFAIU
$115M
– –
-100,000
Closed -$1.01M
ALFUU
414
Centurion Acquisition Corp Unit
ALFUU
– –
-400,000
Closed -$4M
MACIU
415
Melar Acquisition Corp I Unit
MACIU
– –
-300,000
Closed -$3M
CTOR
416
Citius Oncology
CTOR
$68.6M
– –
-350,000
Closed -$3.98M
CURR
417
Currenc Group
CURR
$394M
– –
-150,000
Closed -$1.75M
GRML
418
Greenland Mines Ltd
GRML
$31.8M
– –
-20,023
Closed -$118K
ABP
419
DELISTED
Abpro Holdings
ABP
– –
-4,083
Closed -$1.4M
ABPWW
420
DELISTED
Abpro Holdings Warrant
ABPWW
– –
-24,999
Closed -$2K
IROHU
421
DELISTED
Iron Horse Acquisitions Corp Unit
IROHU
– –
-59,108
Closed -$608K
AQU
422
DELISTED
Aquaron Acquisition Corp. Common Stock
AQU
– –
-24,572
Closed -$270K
BYNO
423
DELISTED
byNordic Acquisition Corporation Class A Common Stock
BYNO
– –
-742,500
Closed -$8.38M
GODN
424
DELISTED
Golden Star Acquisition Corporation Ordinary Shares
GODN
– –
-130,819
Closed -$1.41M
ALSA
425
DELISTED
Alpha Star Acquisition Corp
ALSA
– –
-98,841
Closed -$1.14M
15 16
17
18 19

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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.