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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
PEGRW
451
DELISTED
Project Energy Reimagined Acquisition Corp. Warrant
PEGRW
– –
-99,998
Closed -$6K
FSD
452
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
– –
-597,070
Closed -$7.37M
SEPAW
453
DELISTED
SEP Acquisition Corp Warrants
SEPAW
– –
-218,750
Closed -$1.62K
BWAQR
454
DELISTED
Blue World Acquisition Corporation Right
BWAQR
– –
-200,000
Closed -$52K
BWAQW
455
DELISTED
Blue World Acquisition Corporation Warrant
BWAQW
– –
-100,000
Closed -$8K
HGASW
456
DELISTED
Global Gas Corporation Warrant
HGASW
– –
-36,487
Closed -$365
COOLW
457
DELISTED
Corner Growth Acquisition Corp. Warrant
COOLW
– –
-65,388
Closed -$13.1K
FLFVW
458
DELISTED
Feutune Light Acquisition Corporation Warrant
FLFVW
– –
-84,000
Closed -$1.71K
AWINW
459
DELISTED
AERWINS Technologies Inc Warrant
AWINW
– –
-39,675
Closed -$238
CMCA
460
DELISTED
Capitalworks Emerging Markets Acquisition Corp Class A Ordinary Shares
CMCA
– –
-200,000
Closed -$2.24M
PLTN
461
DELISTED
Plutonian Acquisition Corp. Common Stock
PLTN
– –
-23,582
Closed -$57.3K
PLTNW
462
DELISTED
Plutonian Acquisition Corp. Warrant
PLTNW
– –
-18,409
Closed -$955
PLTNR
463
DELISTED
Plutonian Acquisition Corp. Rights
PLTNR
– –
-18,409
Closed -$6.08K
BREZR
464
DELISTED
Breeze Holdings Acquisition Corp. Right
BREZR
– –
-100,000
Closed -$18K
BREZW
465
DELISTED
Breeze Holdings Acquisition Corp. Warrant
BREZW
– –
-58,293
Closed -$20.4K
PUCKW
466
DELISTED
Goal Acquisitions Corp. Warrant
PUCKW
– –
-252,463
Closed –
SCRM
467
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
– –
-105,114
Closed -$1.07M
PMGMW
468
DELISTED
Priveterra Acquisition Corp. II Warrant to purchase Class A common stock
PMGMW
– –
-201,213
Closed -$4.02K
AIBBR
469
DELISTED
AIB Acquisition Corp Right
AIBBR
– –
-200,000
Closed -$20K
CONXW
470
DELISTED
CONX Corp. Warrant
CONXW
– –
-39,769
Closed -$1.99K
IBACU
471
DELISTED
IB Acquisition Corp. Unit
IBACU
– –
-15,270
Closed -$153K
USCTW
472
DELISTED
Roth CH Acquisition Co. Warrant
USCTW
– –
-103,849
Closed –
RMGCW
473
DELISTED
RMG Acquisition Corp. III Warrant
RMGCW
– –
-45,420
Closed -$454
PPHP
474
DELISTED
PHP Ventures Acquisition Corp. Class A Common Stock
PPHP
– –
-63,064
Closed -$698K
PPHPW
475
DELISTED
PHP Ventures Acquisition Corp. Warrants
PPHPW
– –
-31,532
Closed -$1.26K
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.