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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
-1.52%
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
$1.89B
AUM Growth
+$132M
Cap. Flow
+$80.3M
Cap. Flow %
4.26%
Top 10 Hldgs %
23.39%
Holding
748
New
262
Increased
80
Reduced
53
Closed
179

Top Buys

Rank Stock Value
1
PXH icon
Invesco FTSE RAFI Emerging Markets ETF
PXH
+$44.6M
2
BST icon
BlackRock Science and Technology Trust
BST
+$32.1M
3
BACA.U
Berenson Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
BACA.U
+$24.4M
4
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$23.7M
5
EDNCU
Endurance Acquisition Corp. Unit
EDNCU
+$19.6M

Top Sells

Rank Stock Value
1
MYI icon
BlackRock MuniYield Quality Fund III
MYI
+$30.2M
2
EVF
Eaton Vance Senior Income Trust
EVF
+$27.2M
3
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$23.6M
4
BRW
Saba Capital Income & Opportunities Fund
BRW
+$19.1M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$19.1M

Sector Composition

Rank Sector Weight
1 Financials 13.17%
2 Healthcare 1.74%
3 Industrials 0.91%
4 Technology 0.85%
5 Consumer Discretionary 0.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MVF
26
DELISTED
BlackRock MuniVest Fund
MVF
$18.3M 0.97%
1,937,545
+80,002
+4% +$780K
HIE
27
DELISTED
Miller/Howard High Income Equity Fund
HIE
$18.1M 0.96%
1,837,875
+114,419
+7% +$1.15M
VGM icon
28
Invesco Trust Investment Grade Municipals
VGM
$564M
$16.6M 0.88%
1,210,179
-88,474
-7% -$1.24M
NDMO icon
29
Nuveen Dynamic Municipal Opportunities Fund
NDMO
$604M
$16.5M 0.87%
1,028,701
+734,986
+250% +$12.5M
MMU
30
Western Asset Managed Municipals Fund
MMU
$552M
$16.3M 0.87%
1,224,186
+54,874
+5% +$744K
BGB
31
Blackstone Strategic Credit 2027 Term Fund
BGB
$505M
$15.9M 0.84%
1,146,462
-139,736
-11% -$1.94M
MHD icon
32
BlackRock MuniHoldings Fund
MHD
$604M
$15.1M 0.8%
920,239
-81,080
-8% -$1.38M
AACIU
33
DELISTED
Armada Acquisition Corp. I Unit
AACIU
$14.7M 0.78%
+1,485,000
New +$14.7M
SPE
34
Special Opportunities Fund
SPE
$144M
$14.6M 0.78%
+996,601
New +$14.8M
IQI icon
35
Invesco Quality Municipal Securities
IQI
$533M
$14.2M 0.75%
1,080,714
-73,330
-6% -$1M
MUB icon
36
iShares National Muni Bond ETF
MUB
$45.8B
$14M 0.74%
120,451
+23,471
+24% +$2.75M
BFZ
37
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$13.8M 0.73%
938,440
+38,174
+4% +$571K
KTF
38
DWS Municipal Income Trust
KTF
$352M
$13.8M 0.73%
1,163,186
-19,053
-2% -$234K
NCZ
39
Virtus Convertible & Income Fund II
NCZ
$305M
$13.7M 0.73%
659,395
-129,674
-16% -$2.76M
GHY
40
PGIM Global High Yield Fund
GHY
$479M
$13.6M 0.72%
885,317
-69,265
-7% -$1.09M
ASZ
41
DELISTED
Austerlitz Acquisition Corporation II
ASZ
$12.4M 0.66%
1,271,551
+673,087
+112% +$6.55M
CPZ
42
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$268M
$12.2M 0.64%
598,001
-211,084
-26% -$4.26M
JRO
43
DELISTED
Nuveen Floating Rate Income Opportunty Fund
JRO
$11.8M 0.63%
1,184,348
+884,542
+295% +$8.66M
CEF icon
44
Sprott Physical Gold and Silver Trust
CEF
$8.3B
$11.3M 0.6%
661,868
+339,797
+106% +$6.13M
AFB
45
AllianceBernstein National Municipal Income Fund
AFB
$316M
$11.1M 0.59%
743,547
-63,659
-8% -$960K
PRPB
46
DELISTED
CC Neuberger Principal Holdings II Class A Ordinary Shares
PRPB
$10.8M 0.57%
1,103,316
+160
+0% +$1.57K
HFRO
47
Highland Opportunities and Income Fund
HFRO
$404M
$10.7M 0.57%
+998,245
New +$10.7M
TYG
48
Tortoise Energy Infrastructure Corp
TYG
$1.08B
$10.6M 0.56%
390,014
-19,844
-5% -$535K
KMF
49
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$10.6M 0.56%
1,457,322
-729,459
-33% -$5.3M
EMO
50
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.04B
$10.6M 0.56%
477,150
+14,460
+3% +$309K
1
2
3 4 5

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Rivernorth Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Rivernorth Capital Management held 748 positions worth $1.89B, up 7.5% from $1.75B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Rivernorth Capital Management deployed $80.3M of net new capital in Q3 2021, opening 262 new positions and adding to 80 existing holdings. Its largest new stake was BlackRock Science and Technology Trust: 594,197 shares worth $31M.

By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 11% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was Saba Capital Income & Opportunities Fund, an estimated $19.1M trimmed.

  • Rivernorth Capital Management's largest Q3 2021 buy was BlackRock Science and Technology Trust: 594,197 shares worth $31M.
  • Rivernorth Capital Management added most to Invesco FTSE RAFI Emerging Markets ETF in Q3 2021, an estimated $44.6M increase.
  • Rivernorth Capital Management's biggest Q3 2021 reduction was Saba Capital Income & Opportunities Fund, cutting an estimated $19.1M.
  • Rivernorth Capital Management fully exited BlackRock MuniYield Quality Fund III in Q3 2021, selling an estimated $30.2M.
  • Rivernorth Capital Management's ten largest holdings make up 23% of its $1.89B portfolio in Q3 2021.
  • Rivernorth Capital Management opened 262 new positions and closed 179 in Q3 2021.
  • Rivernorth Capital Management's portfolio value rose 7.5% quarter-over-quarter to $1.89B.

Based on Rivernorth Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.