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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
+3.64%
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
-$18.8M
Cap. Flow
-$76.2M
Cap. Flow %
-3.68%
Top 10 Hldgs %
30.81%
Holding
522
New
33
Increased
41
Reduced
115
Closed
59

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$15.6M
2
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$9.29M
3
LEGT.U
Legato Merger Corp III Units
LEGT.U
+$8.06M
4
EAD
Allspring Income Opportunities Fund
EAD
+$7.05M
5
BCX icon
BlackRock Resources & Commodities Strategy Trust
BCX
+$5.41M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$18.2M
2
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$14.2M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$12.5M
4
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$12.5M
5
PAXS
PIMCO Access Income Fund
PAXS
+$8.7M

Sector Composition

Rank Sector Weight
1 Financials 9.07%
2 Technology 0.91%
3 Healthcare 0.64%
4 Industrials 0.4%
5 Materials 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MACAW
451
DELISTED
Moringa Acquisition Corp Warrant
MACAW
$750 ﹤0.01%
14,999
– –
PORT.WS
452
DELISTED
Southport Acquisition Corporation Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50
PORT.WS
$749 ﹤0.01%
74,949
– –
PPHPW
453
DELISTED
PHP Ventures Acquisition Corp. Warrants
PPHPW
$631 ﹤0.01%
31,532
– –
NNAGW
454
DELISTED
99 Acquisition Group Inc Warrant
NNAGW
$507 ﹤0.01%
21,667
-3,333
-13% -$80
AWINW
455
DELISTED
AERWINS Technologies Inc Warrant
AWINW
$496 ﹤0.01%
39,675
– –
TLGYW
456
DELISTED
TLGY Acquisition Corporation Warrant
TLGYW
$400 ﹤0.01%
19,999
– –
ECXWW
457
ECARX Holdings Warrants
ECXWW
$375 ﹤0.01%
12,500
– –
CSTA.WS
458
DELISTED
Constellation Acquisition Corp I Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
CSTA.WS
$353 ﹤0.01%
18,380
– –
PRENW
459
Prenetics Global Ltd Warrant
PRENW
$130K
$328 ﹤0.01%
32,770
– –
ZAPPW
460
DELISTED
Zapp Electric Vehicles Group Limited Warrant
ZAPPW
$250 ﹤0.01%
24,999
– –
GSDWW
461
DELISTED
Global Systems Dynamics, Inc. Warrant
GSDWW
$150 ﹤0.01%
100,000
– –
PEPLW
462
DELISTED
PepperLime Health Acquisition Corporation Warrrant
PEPLW
$60 ﹤0.01%
200,000
-542,500
-73% -$8.25K
EACPW
463
DELISTED
Edify Acquisition Corp. Warrant
EACPW
$24 ﹤0.01%
34,919
-71,630
-67% -$895
AFRIW icon
464
Forafric Global PLC Warrants
AFRIW
$11M
– –
-20,781
Closed -$32.8K
BTMWW
465
DELISTED
Bitcoin Depot Inc Warrant
BTMWW
– –
-49,976
Closed -$7.5K
BTZ icon
466
BlackRock Credit Allocation Income Trust
BTZ
$958M
– –
-337,313
Closed -$3.48M
CDIOW icon
467
Cardio Diagnostics Holdings Inc Warrant
CDIOW
$908K
– –
-39,830
Closed -$6.77K
COCHW icon
468
Envoy Medical Warrant
COCHW
$708K
– –
-17,549
Closed -$351
DMYY
469
DELISTED
dMY Squared
DMYY
– –
-199,998
Closed -$2.12M
DNP icon
470
DNP Select Income Fund
DNP
$4.11B
– –
-90,413
Closed -$767K
EVV
471
Eaton Vance Limited Duration Income Fund
EVV
$1.07B
– –
-47,056
Closed -$451K
FPF
472
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.08B
– –
-62,437
Closed -$1.02M
HOVR icon
473
New Horizon Aircraft
HOVR
$134M
– –
-159,489
Closed -$1.33M
ICUCW
474
SeaStar Medical Holding Corp Warrant
ICUCW
$331K
– –
-150,000
Closed -$4.5K
ISRL
475
DELISTED
Israel Acquisitions Corp
ISRL
– –
-199,750
Closed -$2.15M
17 18
19
20 21

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Rivernorth Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Rivernorth Capital Management held 522 positions worth $2.07B, down 0.9% from $2.09B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $76.2M in Q1 2024, closing 59 positions and reducing 115 holdings. Its most notable exit was Gores Holdings IX, Inc. Class A Common Stock, an estimated $12.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.1% of assets, down from 10% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Rivernorth Capital Management opened a new position in Legato Merger Corp III Units worth $8.1M.

  • Rivernorth Capital Management's largest Q1 2024 buy was Legato Merger Corp III Units: 798,972 shares worth $8.1M.
  • Rivernorth Capital Management added most to Cornerstone Strategic Value Fund in Q1 2024, an estimated $15.6M increase.
  • Rivernorth Capital Management's biggest Q1 2024 reduction was Nuveen Preferred & Income Opportunities Fund, cutting an estimated $18.2M.
  • Rivernorth Capital Management fully exited Gores Holdings IX, Inc. Class A Common Stock in Q1 2024, selling an estimated $12.5M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q1 2024.
  • Rivernorth Capital Management opened 33 new positions and closed 59 in Q1 2024.
  • Rivernorth Capital Management's portfolio value fell 0.9% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2024, filed 15 May 2024.