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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
-1.01%
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
$2.47B
AUM Growth
+$588M
Cap. Flow
+$500M
Cap. Flow %
20.19%
Top 10 Hldgs %
24.56%
Holding
830
New
261
Increased
95
Reduced
55
Closed
112

Top Buys

Rank Stock Value
1
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$80.9M
2
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$59.5M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$51.9M
4
PTA icon
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
+$45.7M
5
PDI icon
PIMCO Dynamic Income Fund
PDI
+$45.3M

Top Sells

Rank Stock Value
1
PXH icon
Invesco FTSE RAFI Emerging Markets ETF
PXH
+$43.9M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$32.4M
3
GPM
Guggenheim Enhanced Equity Income Fund
GPM
+$30.1M
4
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$25.4M
5
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

Sector Composition

Rank Sector Weight
1 Financials 18.77%
2 Technology 1.7%
3 Healthcare 1.36%
4 Industrials 1.31%
5 Consumer Discretionary 0.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EDNC
26
DELISTED
Endurance Acquisition Corp. Class A Ordinary Shares
EDNC
$19.4M 0.78%
+1,980,000
New +$19.3M
NUV icon
27
Nuveen Municipal Value Fund
NUV
$1.91B
$19.4M 0.78%
+1,865,402
New +$20.3M
MVF
28
DELISTED
BlackRock MuniVest Fund
MVF
$19.3M 0.78%
2,016,491
+78,946
+4% +$747K
VVR icon
29
Invesco Senior Income Trust
VVR
$459M
$19.1M 0.77%
4,405,932
-442,060
-9% -$1.96M
IQI icon
30
Invesco Quality Municipal Securities
IQI
$533M
$19.1M 0.77%
1,403,546
+322,832
+30% +$4.26M
SDHY
31
PGIM Short Duration High Yield Opportunities Fund
SDHY
$402M
$17.8M 0.72%
964,035
+909,012
+1,652% +$16.8M
MHD icon
32
BlackRock MuniHoldings Fund
MHD
$604M
$17.6M 0.71%
1,050,477
+130,238
+14% +$2.16M
BFZ
33
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$17.5M 0.71%
1,201,809
+263,369
+28% +$3.85M
NHICU
34
DELISTED
NewHold Investment Corp. II Unit
NHICU
$17.3M 0.7%
+1,732,500
New +$17.3M
NCZ
35
Virtus Convertible & Income Fund II
NCZ
$305M
$16.9M 0.68%
828,350
+168,955
+26% +$3.53M
VGM icon
36
Invesco Trust Investment Grade Municipals
VGM
$564M
$16.7M 0.67%
1,192,152
-18,027
-1% -$247K
HIO
37
Western Asset High Income Opportunity Fund
HIO
$338M
$16.6M 0.67%
3,182,702
-609,933
-16% -$3.15M
NXDT
38
NexPoint Diversified Real Estate Trust
NXDT
$245M
$15.9M 0.64%
1,172,497
-319,772
-21% -$4.52M
PRPB
39
DELISTED
CC Neuberger Principal Holdings II Class A Ordinary Shares
PRPB
$15.2M 0.62%
1,538,316
+435,000
+39% +$4.3M
NBXG
40
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.22B
$15.1M 0.61%
+874,765
New +$16M
MIO
41
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$14.9M 0.6%
813,625
+462,336
+132% +$8.73M
AACI
42
DELISTED
Armada Acquisition Corp. I Common Stock
AACI
$14.6M 0.59%
+1,485,000
New +$14.5M
PEPL
43
DELISTED
PepperLime Health Acquisition Corporation Class A Ordinary Share
PEPL
$14.6M 0.59%
+1,485,000
New +$14.5M
BBDC icon
44
Barings BDC
BBDC
$980M
$14.5M 0.59%
1,316,912
-373,701
-22% -$4.13M
GATE
45
DELISTED
Marblegate Acquisition Corp. Class A Common Stock
GATE
$14.4M 0.58%
+1,470,000
New +$14.4M
GBTG icon
46
American Express Global Business Travel
GBTG
$4.94B
$14.2M 0.58%
1,442,298
+1,167,300
+424% +$11.5M
BGB
47
Blackstone Strategic Credit 2027 Term Fund
BGB
$505M
$14.2M 0.58%
1,055,037
-91,425
-8% -$1.27M
GHY
48
PGIM Global High Yield Fund
GHY
$479M
$14.1M 0.57%
937,515
+52,198
+6% +$801K
AAC
49
DELISTED
Ares Acquisition Corporation
AAC
$13.9M 0.56%
1,430,320
+828,000
+137% +$8.11M
SPE
50
Special Opportunities Fund
SPE
$144M
$13.8M 0.56%
934,007
-62,594
-6% -$938K
1
2
3 4 5

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Rivernorth Capital Management's Q4 2021 Portfolio in Review

As of Q4 2021, Rivernorth Capital Management held 830 positions worth $2.47B, up 31% from $1.89B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Rivernorth Capital Management deployed $500M of net new capital in Q4 2021, opening 261 new positions and adding to 95 existing holdings. Its largest new stake was PIMCO Dynamic Income Fund: 1,732,468 shares worth $44.9M.

By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 13% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Invesco FTSE RAFI Emerging Markets ETF, an estimated $43.9M trimmed.

  • Rivernorth Capital Management's largest Q4 2021 buy was PIMCO Dynamic Income Fund: 1,732,468 shares worth $44.9M.
  • Rivernorth Capital Management added most to BlackRock Capital Allocation Term Trust in Q4 2021, an estimated $80.9M increase.
  • Rivernorth Capital Management's biggest Q4 2021 reduction was Invesco FTSE RAFI Emerging Markets ETF, cutting an estimated $43.9M.
  • Rivernorth Capital Management fully exited INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND in Q4 2021, selling an estimated $32.4M.
  • Rivernorth Capital Management's ten largest holdings make up 25% of its $2.47B portfolio in Q4 2021.
  • Rivernorth Capital Management opened 261 new positions and closed 112 in Q4 2021.
  • Rivernorth Capital Management's portfolio value rose 31% quarter-over-quarter to $2.47B.

Based on Rivernorth Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.