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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
QOMO
426
DELISTED
Qomolangma Acquisition Corp. Common Stock
QOMO
– –
-244,651
Closed -$2.7M
CDAQ
427
DELISTED
Compass Digital Acquisition Corp. Class A Ordinary Shares
CDAQ
– –
-500,000
Closed -$5.44M
XFINW
428
DELISTED
ExcelFin Acquisition Corp Warrant
XFINW
– –
-24,999
Closed -$750
XFIN
429
DELISTED
ExcelFin Acquisition Corp Class A Common Stock
XFIN
– –
-249,501
Closed -$2.75M
BACA
430
DELISTED
Berenson Acquisition Corp. I
BACA
– –
-285,715
Closed -$3.04M
ACAC
431
DELISTED
Acri Capital Acquisition Corp
ACAC
– –
-134,421
Closed -$1.53M
ASCB
432
DELISTED
A SPAC II Acquisition Corp. Ordinary Shares
ASCB
– –
-199,998
Closed -$2.24M
FAM
433
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
– –
-288,137
Closed -$1.83M
MFD
434
DELISTED
Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
MFD
– –
-32,222
Closed -$241K
NNAGR
435
DELISTED
99 Acquisition Group Inc Right
NNAGR
– –
-21,667
Closed -$5.85K
NNAGW
436
DELISTED
99 Acquisition Group Inc Warrant
NNAGW
– –
-21,667
Closed -$715
JTAIW
437
DELISTED
Jet.AI Inc. Warrant
JTAIW
– –
-300,000
Closed -$18K
LCW.WS
438
DELISTED
Learn CW Investment Corporation Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
LCW.WS
– –
-24,999
Closed -$2.5K
CBH
439
DELISTED
Virtus Convertible & Income 2024 Target Term Fund
CBH
– –
-460,002
Closed -$4.14M
CVII
440
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
– –
-407,500
Closed -$4.39M
CVIIW
441
DELISTED
Churchill Capital Corp VII Warrants
CVIIW
– –
-1,479,383
Closed -$518K
KCGI
442
DELISTED
Kensington Capital Acquisition Corp. V
KCGI
– –
-400,000
Closed -$4.44M
AACIW
443
DELISTED
Armada Acquisition Corp. I Warrant
AACIW
– –
-742,500
Closed -$104K
AACI
444
DELISTED
Armada Acquisition Corp. I Common Stock
AACI
– –
-350,000
Closed -$4M
MACAW
445
DELISTED
Moringa Acquisition Corp Warrant
MACAW
– –
-14,999
Closed -$1.05K
TENKR
446
DELISTED
TenX Keane Acquisition Right
TENKR
– –
-350,000
Closed -$113K
KRNLW
447
DELISTED
Kernel Group Holdings, Inc. Warrants
KRNLW
– –
-25,000
Closed -$3.26K
KRNL
448
DELISTED
Kernel Group Holdings, Inc. Class A Ordinary Shares
KRNL
– –
-10,522
Closed -$116K
TRIS.WS
449
DELISTED
Tristar Acquisition I Corp. Redeemable Warrants, each exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
TRIS.WS
– –
-74,999
Closed -$9K
TRIS
450
DELISTED
Tristar Acquisition I Corp.
TRIS
– –
-46,770
Closed -$521K
16 17
18
19 20

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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.