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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
-4.74%
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
$2.23B
AUM Growth
-$240M
Cap. Flow
-$153M
Cap. Flow %
-6.87%
Top 10 Hldgs %
22.33%
Holding
940
New
121
Increased
146
Reduced
85
Closed
68

Top Buys

Rank Stock Value
1
ZTR
Virtus Total Return Fund
ZTR
+$22.4M
2
PAXS
PIMCO Access Income Fund
PAXS
+$16M
3
VVR icon
Invesco Senior Income Trust
VVR
+$9.57M
4
BFK
BlackRock Municipal Income Trust
BFK
+$9.31M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$7.54M

Top Sells

Rank Stock Value
1
PSTH
Pershing Square Tontine Holdings, Ltd.
PSTH
+$41.6M
2
CLM icon
Cornerstone Strategic Value Fund
CLM
+$33.6M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$32.8M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.1M
5
PTA icon
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
+$24.8M

Sector Composition

Rank Sector Weight
1 Financials 27.26%
2 Healthcare 1.37%
3 Technology 1.26%
4 Industrials 0.95%
5 Communication Services 0.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BFZ
26
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$15.4M 0.69%
1,495,199
-80,487
-5% -$909K
IQI icon
27
Invesco Quality Municipal Securities
IQI
$533M
$15.3M 0.69%
1,677,208
-289,939
-15% -$2.96M
VKQ icon
28
Invesco Municipal Trust
VKQ
$547M
$15.2M 0.68%
1,659,672
+601,834
+57% +$6.12M
VGM icon
29
Invesco Trust Investment Grade Municipals
VGM
$564M
$15M 0.67%
1,605,641
+172,057
+12% +$1.8M
BYNOU
30
DELISTED
byNordic Acquisition Corporation Units
BYNOU
$14.9M 0.67%
1,485,000
– –
PDI icon
31
PIMCO Dynamic Income Fund
PDI
$7.45B
$14.9M 0.67%
767,937
-967,823
-56% -$20.4M
WDI
32
Western Asset Diversified Income Fund
WDI
$681M
$14.9M 0.67%
1,181,364
-910,480
-44% -$12.8M
PEPL
33
DELISTED
PepperLime Health Acquisition Corporation Class A Ordinary Share
PEPL
$14.8M 0.67%
1,485,000
– –
HIO
34
Western Asset High Income Opportunity Fund
HIO
$338M
$14.8M 0.66%
4,014,561
+47,285
+1% +$191K
AACI
35
DELISTED
Armada Acquisition Corp. I Common Stock
AACI
$14.7M 0.66%
1,485,000
– –
MCI
36
Barings Corporate Investors
MCI
$341M
$14.3M 0.64%
1,103,516
+22,599
+2% +$314K
VVR icon
37
Invesco Senior Income Trust
VVR
$459M
$14.3M 0.64%
3,831,207
+2,501,415
+188% +$9.57M
SDHY
38
PGIM Short Duration High Yield Opportunities Fund
SDHY
$402M
$13.9M 0.62%
964,513
-114,078
-11% -$1.74M
MYD
39
DELISTED
BlackRock MuniYield Fund
MYD
$13.4M 0.6%
1,346,857
+147,620
+12% +$1.65M
NUV icon
40
Nuveen Municipal Value Fund
NUV
$1.91B
$13.1M 0.59%
1,549,114
+412,598
+36% +$3.7M
MHI
41
DELISTED
Pioneer Municipal High Income Fund
MHI
$12.5M 0.56%
1,525,178
+160,307
+12% +$1.52M
IPOF
42
DELISTED
Social Capital Hedosophia Holdings Corp. VI
IPOF
$12.5M 0.56%
1,250,835
+136,560
+12% +$1.36M
BWG
43
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$131M
$12.3M 0.55%
1,617,445
-58,291
-3% -$506K
GHY
44
PGIM Global High Yield Fund
GHY
$479M
$11.7M 0.52%
1,102,025
-39,388
-3% -$457K
MUB icon
45
iShares National Muni Bond ETF
MUB
$45.8B
$10.7M 0.48%
103,987
+59,309
+133% +$6.31M
FSK icon
46
FS KKR Capital
FSK
$3.37B
$10.5M 0.47%
618,969
+25,096
+4% +$523K
MPV
47
Barings Participation Investors
MPV
$176M
$10.2M 0.46%
903,176
+48,467
+6% +$602K
JWSM
48
DELISTED
Jaws Mustang Acquisition Corp.
JWSM
$10.1M 0.45%
1,018,390
+197,524
+24% +$1.95M
BGB
49
Blackstone Strategic Credit 2027 Term Fund
BGB
$505M
$9.83M 0.44%
924,929
– –
IXAQ
50
DELISTED
IX Acquisition Corp. Class A Ordinary Share
IXAQ
$9.74M 0.44%
980,000
– –
1
2
3 4 5

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Rivernorth Capital Management's Q3 2022 Portfolio in Review

As of Q3 2022, Rivernorth Capital Management held 940 positions worth $2.23B, down 9.7% from $2.47B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Rivernorth Capital Management withdrew a net $153M in Q3 2022, closing 68 positions and reducing 85 holdings. Its most notable exit was Pershing Square Tontine Holdings, Ltd., an estimated $41.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 22% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Virtus Total Return Fund worth $17.8M.

  • Rivernorth Capital Management's largest Q3 2022 buy was Virtus Total Return Fund: 2,860,573 shares worth $17.8M.
  • Rivernorth Capital Management added most to PIMCO Access Income Fund in Q3 2022, an estimated $16M increase.
  • Rivernorth Capital Management's biggest Q3 2022 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $32.8M.
  • Rivernorth Capital Management fully exited Pershing Square Tontine Holdings, Ltd. in Q3 2022, selling an estimated $41.6M.
  • Rivernorth Capital Management's ten largest holdings make up 22% of its $2.23B portfolio in Q3 2022.
  • Rivernorth Capital Management opened 121 new positions and closed 68 in Q3 2022.
  • Rivernorth Capital Management's portfolio value fell 9.7% quarter-over-quarter to $2.23B.

Based on Rivernorth Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.