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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
-0.83%
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
$2B
AUM Growth
-$62.8M
Cap. Flow
-$47.2M
Cap. Flow %
-2.36%
Top 10 Hldgs %
32.7%
Holding
748
New
109
Increased
106
Reduced
70
Closed
163

Top Buys

Rank Stock Value
1
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$17.9M
2
BYNO
byNordic Acquisition Corporation Class A Common Stock
BYNO
+$15.6M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.2M
4
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$12.8M
5
BENF icon
Beneficient
BENF
+$12.1M

Top Sells

Rank Stock Value
1
BACA
Berenson Acquisition Corp. I
BACA
+$19.3M
2
NHIC
NewHold Investment Corp. II Class A Common Stock
NHIC
+$17.6M
3
BYNOU
byNordic Acquisition Corporation Units
BYNOU
+$15.4M
4
CVII
Churchill Capital Corp VII Class A Common Stock
CVII
+$14.9M
5
FSK icon
FS KKR Capital
FSK
+$12.8M

Sector Composition

Rank Sector Weight
1 Financials 12.83%
2 Healthcare 1.18%
3 Industrials 1.08%
4 Technology 1.01%
5 Consumer Discretionary 0.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FTHY
26
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$495M
$19.4M 0.97%
1,410,599
– –
PHK
27
PIMCO High Income Fund
PHK
$880M
$19.3M 0.96%
3,860,586
-56,602
-1% -$270K
BFK
28
DELISTED
BlackRock Municipal Income Trust
BFK
$19.2M 0.96%
1,930,580
+534,575
+38% +$5.3M
EIM
29
Eaton Vance Municipal Bond Fund
EIM
$498M
$19.1M 0.95%
1,920,817
+210,705
+12% +$2.12M
BLE
30
DELISTED
BlackRock Municipal Income Trust II
BLE
$18.8M 0.94%
1,803,447
+299,244
+20% +$3.09M
VMO icon
31
Invesco Municipal Opportunity Trust
VMO
$662M
$16.6M 0.83%
1,755,855
+194,336
+12% +$1.84M
MYD
32
DELISTED
BlackRock MuniYield Fund
MYD
$16.1M 0.8%
1,543,216
+310,122
+25% +$3.23M
BYNO
33
DELISTED
byNordic Acquisition Corporation Class A Common Stock
BYNO
$15.7M 0.79%
+1,485,000
New +$15.6M
MVF
34
DELISTED
BlackRock MuniVest Fund
MVF
$15.6M 0.78%
2,313,757
+961,375
+71% +$6.48M
NPFD icon
35
Nuveen Variable Rate Preferred & Income Fund
NPFD
$447M
$15.5M 0.77%
999,594
+234,344
+31% +$3.6M
IQI icon
36
Invesco Quality Municipal Securities
IQI
$533M
$14.7M 0.73%
1,535,314
+83,349
+6% +$795K
EMD
37
Western Asset Emerging Markets Debt Fund
EMD
$609M
$14.6M 0.73%
1,698,344
+26,109
+2% +$226K
VGM icon
38
Invesco Trust Investment Grade Municipals
VGM
$565M
$13.5M 0.67%
1,390,028
+373,092
+37% +$3.63M
MCI
39
Barings Corporate Investors
MCI
$341M
$13.2M 0.66%
886,140
-63,044
-7% -$890K
MUI
40
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$12.3M 0.61%
1,071,859
+292,883
+38% +$3.35M
BGB
41
Blackstone Strategic Credit 2027 Term Fund
BGB
$503M
$10.2M 0.51%
936,107
+41,409
+5% +$442K
MPV
42
Barings Participation Investors
MPV
$176M
$9.8M 0.49%
759,021
-2,670
-0.4% -$33.7K
AFB
43
AllianceBernstein National Municipal Income Fund
AFB
$316M
$9.79M 0.49%
912,033
+50,864
+6% +$539K
JQC icon
44
Nuveen Credit Strategies Income Fund
JQC
$712M
$9.67M 0.48%
1,915,110
-112,388
-6% -$561K
WDI
45
Western Asset Diversified Income Fund
WDI
$681M
$9.62M 0.48%
714,027
-91,262
-11% -$1.22M
GHY
46
PGIM Global High Yield Fund
GHY
$481M
$9.51M 0.48%
867,202
-14,696
-2% -$162K
SCRM
47
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
$9.34M 0.47%
905,261
+228,845
+34% +$2.34M
HYT icon
48
BlackRock Corporate High Yield Fund
HYT
$1.37B
$9.1M 0.45%
1,020,370
-904,951
-47% -$7.83M
MVT
49
DELISTED
BlackRock MuniVest Fund II
MVT
$8.89M 0.44%
836,265
+236,581
+39% +$2.48M
NPCT icon
50
Nuveen Core Plus Impact Fund
NPCT
$282M
$8.8M 0.44%
882,833
+193,628
+28% +$1.95M
1
2
3 4 5

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Rivernorth Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Rivernorth Capital Management held 748 positions worth $2B, down 3% from $2.07B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Rivernorth Capital Management's Q2 2023 filing shows 109 new, 106 increased, 70 reduced and 163 closed positions. Its largest new stake was byNordic Acquisition Corporation Class A Common Stock: 1,485,000 shares worth $15.7M. The largest sale was Berenson Acquisition Corp. I, an estimated $19.3M.

By sector, the portfolio is most concentrated in Financials at 13% of assets, down from 17% a quarter earlier, followed by Healthcare and Industrials.

  • Rivernorth Capital Management's largest Q2 2023 buy was byNordic Acquisition Corporation Class A Common Stock: 1,485,000 shares worth $15.7M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Municipal Credit Income Fund in Q2 2023, an estimated $17.9M increase.
  • Rivernorth Capital Management's biggest Q2 2023 reduction was Berenson Acquisition Corp. I, cutting an estimated $19.3M.
  • Rivernorth Capital Management fully exited NewHold Investment Corp. II Class A Common Stock in Q2 2023, selling an estimated $17.6M.
  • Rivernorth Capital Management's ten largest holdings make up 33% of its $2B portfolio in Q2 2023.
  • Rivernorth Capital Management opened 109 new positions and closed 163 in Q2 2023.
  • Rivernorth Capital Management's portfolio value fell 3% quarter-over-quarter to $2B.

Based on Rivernorth Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.