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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
SKGRW
401
DELISTED
SK Growth Opportunities Corporation Warrant
SKGRW
– –
-56,125
Closed -$33.7K
SKGR
402
DELISTED
SK Growth Opportunities Corporation Class A Common Stock
SKGR
– –
-1,000,000
Closed -$11.6M
GATE
403
DELISTED
Marblegate Acquisition Corp. Class A Common Stock
GATE
– –
-75,000
Closed -$821K
FTII
404
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
– –
-89,320
Closed -$1.04M
BLACR
405
DELISTED
Bellevue Life Sciences Acquisition Corp. Rights
BLACR
– –
-250,000
Closed -$28.6K
MUI
406
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
– –
-346,833
Closed -$4.2M
RFAC
407
DELISTED
RF Acquisition Corp. Class A Common Stock
RFAC
– –
-258,463
Closed -$2.93M
RFACR
408
DELISTED
RF Acquisition Corp. Rights
RFACR
– –
-292,192
Closed -$45.6K
RFACW
409
DELISTED
RF Acquisition Corp. Warrants
RFACW
– –
-350,000
Closed -$11K
HYB
410
DELISTED
New America High Income Fund, Inc.
HYB
– –
-305,222
Closed -$2.49M
GODNR
411
DELISTED
Golden Star Acquisition Corporation Rights
GODNR
– –
-132,508
Closed -$43.7K
PPYA
412
DELISTED
Papaya Growth Opportunity Corp. I Class A Common Stock
PPYA
– –
-56,331
Closed -$634K
BRAC
413
DELISTED
Broad Capital Acquisition Corp Common Stock
BRAC
– –
-317,925
Closed -$3.74M
ALSAW
414
DELISTED
Alpha Star Acquisition Corp Warrants
ALSAW
– –
-98,841
Closed -$109
ALSAR
415
DELISTED
Alpha Star Acquisition Corp Rights
ALSAR
– –
-98,841
Closed -$2.98K
NVACR
416
DELISTED
NorthView Acquisition Corporation Rights
NVACR
– –
-250,000
Closed -$5.03K
KACLR
417
DELISTED
Kairous Acquisition Corp. Limited Rights
KACLR
– –
-148,636
Closed -$29.7K
KACLW
418
DELISTED
Kairous Acquisition Corp. Limited Warrants
KACLW
– –
-74,318
Closed -$431
MITAW
419
DELISTED
Coliseum Acquisition Corp. Warrant
MITAW
– –
-38,535
Closed -$2.7K
KACL
420
DELISTED
Kairous Acquisition Corp. Limited Ordinary Shares
KACL
– –
-145,396
Closed -$1.78M
NVACW
421
DELISTED
NorthView Acquisition Corporation Warrant
NVACW
– –
-125,000
Closed -$5K
ATEK.WS
422
DELISTED
Athena Technology Acquisition Corp. II Redeemable Warrants
ATEK.WS
– –
-75,353
Closed -$1.6K
BFAC
423
DELISTED
Battery Future Acquisition Corp.
BFAC
– –
-500,000
Closed -$5.71M
BFAC.WS
424
DELISTED
Battery Future Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
BFAC.WS
– –
-125,000
Closed -$3.75K
BOCNW
425
DELISTED
Blue Ocean Acquisition Corp Warrants
BOCNW
– –
-186,296
Closed -$4.51K
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.