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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
XBPEW
426
XBP Europe Holdings Warrant
XBPEW
$6.25K ﹤0.01%
24,999
– –
FTIIW
427
DELISTED
FutureTech II Acquisition Corp. Warrant
FTIIW
$6.25K ﹤0.01%
125,000
– –
SHUAW
428
DELISTED
SHUAA Partners Acquisition Corp I Warrant
SHUAW
$6.25K ﹤0.01%
124,999
– –
AONCW
429
DELISTED
American Oncology Network, Inc. Warrant
AONCW
$6.02K ﹤0.01%
36,491
– –
LIVBW
430
DELISTED
LIV Capital Acquisition Corp. II Warrants
LIVBW
$6K ﹤0.01%
299,997
– –
HOLOW icon
431
MicroCloud Hologram Inc Warrant
HOLOW
$2.54M
$5.98K ﹤0.01%
149,600
– –
CONXW
432
DELISTED
CONX Corp. Warrant
CONXW
$5.96K ﹤0.01%
39,769
– –
RMGCW
433
DELISTED
RMG Acquisition Corp. III Warrant
RMGCW
$5.91K ﹤0.01%
45,420
– –
GRRRW
434
Gorilla Technology Group Warrant
GRRRW
$2.32M
$5.9K ﹤0.01%
98,349
– –
OTECW
435
DELISTED
OceanTech Acquisitions I Corp. Warrant
OTECW
$5.9K ﹤0.01%
196,617
– –
QOMOW
436
DELISTED
Qomolangma Acquisition Corp. Warrant
QOMOW
$5.58K ﹤0.01%
250,000
– –
SHFSW icon
437
SHF Holdings Warrants
SHFSW
$5.25K ﹤0.01%
87,500
– –
BNIXW
438
DELISTED
Bannix Acquisition Corp. Warrant
BNIXW
$5.25K ﹤0.01%
175,000
– –
COOLW
439
DELISTED
Corner Growth Acquisition Corp. Warrant
COOLW
$5.23K ﹤0.01%
65,388
– –
USCTW
440
DELISTED
Roth CH Acquisition Co. Warrant
USCTW
$5.19K ﹤0.01%
103,849
– –
NVACW
441
DELISTED
NorthView Acquisition Corporation Warrant
NVACW
$5K ﹤0.01%
125,000
– –
EVE.WS
442
DELISTED
EVe Mobility Acquisition Corp Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
EVE.WS
$5K ﹤0.01%
125,000
– –
IMAQW
443
DELISTED
International Media Acquisition Corp. Warrants
IMAQW
$5K ﹤0.01%
250,000
– –
CYCUW
444
Cycurion Inc Warrant
CYCUW
$274K
$4.82K ﹤0.01%
150,000
– –
LOCC.WS
445
DELISTED
Live Oak Crestview Climate Acquisition Corp. Warrants, exercisable for one share of Class A common stock at an exercise price of $11.50 per share
LOCC.WS
$4.74K ﹤0.01%
+62,024
New +$7.05K
SATX.WS.A
446
DELISTED
SatixFy Communications Ltd.
SATX.WS.A
$4.58K ﹤0.01%
290,000
– –
IVCPW
447
DELISTED
Swiftmerge Acquisition Corp. Warrants
IVCPW
$4.5K ﹤0.01%
74,999
– –
ASCBW
448
DELISTED
A SPAC II Acquisition Corp. Warrant
ASCBW
$4.5K ﹤0.01%
149,999
– –
ADOCR
449
DELISTED
Edoc Acquisition Corp. Right
ADOCR
$4.5K ﹤0.01%
50,000
– –
BMAC.WS
450
DELISTED
Black Mountain Acquisition Corp. Warrants, exercisable for one share of Class A Common Stock
BMAC.WS
$4.5K ﹤0.01%
112,494
– –
16 17
18
19 20

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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.