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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
+1.99%
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
-$154M
Cap. Flow
-$183M
Cap. Flow %
-8.88%
Top 10 Hldgs %
28.76%
Holding
850
New
133
Increased
85
Reduced
77
Closed
212

Top Buys

Rank Stock Value
1
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$25.5M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$19.8M
3
PDI icon
PIMCO Dynamic Income Fund
PDI
+$17.5M
4
PHK
PIMCO High Income Fund
PHK
+$13M
5
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$11.9M

Top Sells

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$18.2M
3
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$14.6M
4
PEPL
PepperLime Health Acquisition Corporation Class A Ordinary Share
PEPL
+$13.1M
5
JWSM
Jaws Mustang Acquisition Corp.
JWSM
+$12.4M

Sector Composition

Rank Sector Weight
1 Financials 17.27%
2 Industrials 1.55%
3 Technology 1.3%
4 Healthcare 0.84%
5 Consumer Discretionary 0.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PHK
26
PIMCO High Income Fund
PHK
$878M
$18.7M 0.9%
3,917,188
+2,591,776
+196% +$13M
MQY icon
27
BlackRock MuniYield Quality Fund
MQY
$815M
$18.5M 0.89%
1,558,651
+385,844
+33% +$4.59M
MHD icon
28
BlackRock MuniHoldings Fund
MHD
$604M
$18.4M 0.89%
1,527,388
+285,523
+23% +$3.42M
EIM
29
Eaton Vance Municipal Bond Fund
EIM
$496M
$17.8M 0.86%
1,710,112
-138,237
-7% -$1.42M
NHIC
30
DELISTED
NewHold Investment Corp. II Class A Common Stock
NHIC
$17.6M 0.85%
1,732,500
+212,987
+14% +$2.16M
CVII
31
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
$17.3M 0.84%
1,705,429
+723,495
+74% +$7.28M
HYT icon
32
BlackRock Corporate High Yield Fund
HYT
$1.37B
$16.8M 0.81%
1,925,321
-456,070
-19% -$4.07M
BLE
33
DELISTED
BlackRock Municipal Income Trust II
BLE
$16.1M 0.78%
1,504,203
+49,102
+3% +$523K
BYNOU
34
DELISTED
byNordic Acquisition Corporation Units
BYNOU
$15.4M 0.75%
1,485,000
– –
VMO icon
35
Invesco Municipal Opportunity Trust
VMO
$662M
$15.3M 0.74%
1,561,519
+661,720
+74% +$6.43M
IQI icon
36
Invesco Quality Municipal Securities
IQI
$534M
$14.5M 0.7%
1,451,965
-133,885
-8% -$1.31M
EMD
37
Western Asset Emerging Markets Debt Fund
EMD
$609M
$14.4M 0.7%
1,672,235
-174,353
-9% -$1.59M
BFK
38
DELISTED
BlackRock Municipal Income Trust
BFK
$14.3M 0.69%
1,396,005
+29,456
+2% +$301K
MCI
39
Barings Corporate Investors
MCI
$339M
$13.4M 0.65%
949,184
-119,408
-11% -$1.69M
MYD
40
DELISTED
BlackRock MuniYield Fund
MYD
$13.3M 0.64%
1,233,094
-13,332
-1% -$143K
BFZ
41
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$13.2M 0.64%
1,131,801
-289,349
-20% -$3.26M
FSK icon
42
FS KKR Capital
FSK
$3.37B
$12.8M 0.62%
693,620
-478,989
-41% -$9.08M
NPFD icon
43
Nuveen Variable Rate Preferred & Income Fund
NPFD
$447M
$12.1M 0.59%
765,250
+209,187
+38% +$3.71M
GUG
44
Guggenheim Active Allocation Fund
GUG
$508M
$11M 0.53%
800,731
+57,633
+8% +$821K
WDI
45
Western Asset Diversified Income Fund
WDI
$682M
$10.7M 0.52%
805,289
-352,535
-30% -$4.86M
SDHY
46
PGIM Short Duration High Yield Opportunities Fund
SDHY
$403M
$10.5M 0.51%
705,583
-93,504
-12% -$1.43M
JQC icon
47
Nuveen Credit Strategies Income Fund
JQC
$711M
$10.4M 0.5%
2,027,498
-1,749,981
-46% -$9.18M
VGM icon
48
Invesco Trust Investment Grade Municipals
VGM
$565M
$10.1M 0.49%
1,016,936
-441,009
-30% -$4.41M
IXAQ
49
DELISTED
IX Acquisition Corp. Class A Ordinary Share
IXAQ
$10.1M 0.49%
980,000
– –
MHI
50
DELISTED
Pioneer Municipal High Income Fund
MHI
$9.85M 0.48%
1,107,821
-246,481
-18% -$2.2M
1
2
3 4 5

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Rivernorth Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Rivernorth Capital Management held 850 positions worth $2.07B, down 7% from $2.22B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $183M in Q1 2023, closing 212 positions and reducing 77 holdings. Its most notable exit was Jaws Mustang Acquisition Corp., an estimated $12.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 20% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in PIMCO Income Strategy Fund II worth $7.72M.

  • Rivernorth Capital Management's largest Q1 2023 buy was PIMCO Income Strategy Fund II: 1,077,061 shares worth $7.72M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Municipal Credit Income Fund in Q1 2023, an estimated $25.5M increase.
  • Rivernorth Capital Management's biggest Q1 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $29.7M.
  • Rivernorth Capital Management fully exited Jaws Mustang Acquisition Corp. in Q1 2023, selling an estimated $12.4M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $2.07B portfolio in Q1 2023.
  • Rivernorth Capital Management opened 133 new positions and closed 212 in Q1 2023.
  • Rivernorth Capital Management's portfolio value fell 7% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2023, filed 15 May 2023.