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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
-6.48%
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
$1.93B
AUM Growth
-$73.9M
Cap. Flow
+$61.5M
Cap. Flow %
3.19%
Top 10 Hldgs %
31.01%
Holding
632
New
48
Increased
91
Reduced
80
Closed
87

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$19.3M
3
BLE
BlackRock Municipal Income Trust II
BLE
+$14M
4
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$13.2M
5
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$13M

Top Sells

Rank Stock Value
1
BBDC icon
Barings BDC
BBDC
+$26.1M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$16.6M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.9M
4
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$15.8M
5
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 12.36%
2 Healthcare 1.47%
3 Technology 1.18%
4 Industrials 1.07%
5 Consumer Discretionary 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MYI icon
26
BlackRock MuniYield Quality Fund III
MYI
$719M
$19.6M 1.02%
2,051,002
+155,110
+8% +$1.64M
EIM
27
Eaton Vance Municipal Bond Fund
EIM
$499M
$19.5M 1.01%
2,178,546
+257,729
+13% +$2.49M
MVT
28
DELISTED
BlackRock MuniVest Fund II
MVT
$19.2M 1%
2,068,707
+1,232,442
+147% +$12.6M
FTHY
29
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$498M
$18.5M 0.96%
1,389,499
-21,100
-1% -$288K
MUE
30
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$18.4M 0.96%
2,099,428
+1,254,682
+149% +$12M
ZTR
31
Virtus Total Return Fund
ZTR
$337M
$18M 0.93%
3,742,703
-709,519
-16% -$4.05M
VMO icon
32
Invesco Municipal Opportunity Trust
VMO
$658M
$17M 0.88%
2,064,510
+308,655
+18% +$2.82M
PAXS
33
PIMCO Access Income Fund
PAXS
$674M
$16.7M 0.87%
1,204,584
-570,125
-32% -$8.28M
EMD
34
Western Asset Emerging Markets Debt Fund
EMD
$611M
$14.1M 0.73%
1,699,982
+1,638
+0.1% +$14.4K
VGM icon
35
Invesco Trust Investment Grade Municipals
VGM
$564M
$14.1M 0.73%
1,658,490
+268,462
+19% +$2.52M
IQI icon
36
Invesco Quality Municipal Securities
IQI
$533M
$13.3M 0.69%
1,583,543
+48,229
+3% +$444K
PHK
37
PIMCO High Income Fund
PHK
$878M
$12.4M 0.64%
2,795,248
-1,065,338
-28% -$5.2M
MUA icon
38
BlackRock MuniAssets Fund
MUA
$519M
$11.5M 0.59%
1,272,647
+614,443
+93% +$6.04M
JPC icon
39
Nuveen Preferred & Income Opportunities Fund
JPC
$2.93B
$10.7M 0.56%
+1,684,591
New +$10.9M
BGB
40
Blackstone Strategic Credit 2027 Term Fund
BGB
$505M
$10.1M 0.53%
923,412
-12,695
-1% -$141K
SABA
41
Saba Capital Income & Opportunities Fund II
SABA
$223M
$9.94M 0.52%
1,287,117
+727,975
+130% +$5.98M
SCRM
42
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
$9.47M 0.49%
905,261
– –
MQT
43
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$9.29M 0.48%
1,033,023
+354,707
+52% +$3.48M
VKI icon
44
Invesco Advantage Municipal Income Trust II
VKI
$399M
$9.23M 0.48%
1,245,578
+336,577
+37% +$2.75M
MPV
45
Barings Participation Investors
MPV
$176M
$9.06M 0.47%
674,286
-84,735
-11% -$1.14M
VKQ icon
46
Invesco Municipal Trust
VKQ
$547M
$8.76M 0.45%
1,050,606
+260,303
+33% +$2.39M
AFB
47
AllianceBernstein National Municipal Income Fund
AFB
$316M
$8.7M 0.45%
930,978
+18,945
+2% +$196K
PML
48
PIMCO Municipal Income Fund II
PML
$491M
$8.59M 0.45%
1,117,538
+176,727
+19% +$1.54M
PDO
49
PIMCO Dynamic Income Opportunities Fund
PDO
$1.87B
$8.59M 0.45%
722,931
-1,240,441
-63% -$15.8M
BKN
50
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$8.47M 0.44%
836,567
+563,870
+207% +$6.3M
1
2
3 4 5

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Rivernorth Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Rivernorth Capital Management held 632 positions worth $1.93B, down 3.7% from $2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management deployed $61.5M of net new capital in Q3 2023, opening 48 new positions and adding to 91 existing holdings. Its largest new stake was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.

By sector, the portfolio is most concentrated in Financials at 12% of assets, down from 13% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Barings BDC, an estimated $26.1M trimmed.

  • Rivernorth Capital Management's largest Q3 2023 buy was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2023, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q3 2023 reduction was Barings BDC, cutting an estimated $26.1M.
  • Rivernorth Capital Management fully exited BlackRock Corporate High Yield Fund in Q3 2023, selling an estimated $9.1M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.93B portfolio in Q3 2023.
  • Rivernorth Capital Management opened 48 new positions and closed 87 in Q3 2023.
  • Rivernorth Capital Management's portfolio value fell 3.7% quarter-over-quarter to $1.93B.

Based on Rivernorth Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.