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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
+9.45%
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
$2.09B
AUM Growth
+$159M
Cap. Flow
-$8M
Cap. Flow %
-0.38%
Top 10 Hldgs %
31.09%
Holding
587
New
43
Increased
68
Reduced
80
Closed
98

Top Buys

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$50.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$21.8M
3
MYD
BlackRock MuniYield Fund
MYD
+$19.7M
4
NUV icon
Nuveen Municipal Value Fund
NUV
+$13.2M
5
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$12.5M

Top Sells

Rank Stock Value
1
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$42M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$28.5M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$23.2M
4
ZTR
Virtus Total Return Fund
ZTR
+$18M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$17.3M

Sector Composition

Rank Sector Weight
1 Financials 10.43%
2 Technology 0.93%
3 Healthcare 0.8%
4 Industrials 0.53%
5 Consumer Discretionary 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MUE
26
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$21.6M 1.03%
2,151,816
+52,388
+2% +$491K
VMO icon
27
Invesco Municipal Opportunity Trust
VMO
$658M
$19.5M 0.93%
2,031,063
-33,447
-2% -$293K
FTHY
28
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$498M
$19.4M 0.93%
1,389,499
– –
HIO
29
Western Asset High Income Opportunity Fund
HIO
$338M
$19.3M 0.92%
4,991,706
-456,669
-8% -$1.71M
PAXS
30
PIMCO Access Income Fund
PAXS
$674M
$18.1M 0.87%
1,265,397
+60,813
+5% +$837K
PDI icon
31
PIMCO Dynamic Income Fund
PDI
$7.45B
$18M 0.86%
1,000,916
-251,383
-20% -$4.32M
SABA
32
Saba Capital Income & Opportunities Fund II
SABA
$223M
$17.2M 0.83%
2,274,686
+987,569
+77% +$7.73M
PHK
33
PIMCO High Income Fund
PHK
$878M
$17.2M 0.82%
3,439,158
+643,910
+23% +$2.92M
WIW
34
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$510M
$16.4M 0.79%
1,895,594
-791,373
-29% -$6.67M
VKQ icon
35
Invesco Municipal Trust
VKQ
$547M
$16.1M 0.77%
1,686,284
+635,678
+61% +$5.6M
VGM icon
36
Invesco Trust Investment Grade Municipals
VGM
$564M
$15.7M 0.75%
1,584,392
-74,098
-4% -$672K
IQI icon
37
Invesco Quality Municipal Securities
IQI
$533M
$15.4M 0.74%
1,623,543
+40,000
+3% +$353K
EMD
38
Western Asset Emerging Markets Debt Fund
EMD
$611M
$14.8M 0.71%
1,611,246
-88,736
-5% -$760K
MUA icon
39
BlackRock MuniAssets Fund
MUA
$519M
$14.1M 0.67%
1,327,035
+54,388
+4% +$525K
BSTZ icon
40
BlackRock Science and Technology Term Trust
BSTZ
$2.08B
$12.9M 0.62%
+770,783
New +$12.5M
MQT
41
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$12.8M 0.61%
1,239,968
+206,945
+20% +$1.97M
GHIX
42
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$12.5M 0.6%
1,186,652
+440,210
+59% +$4.6M
BKN
43
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$12.1M 0.58%
1,023,666
+187,099
+22% +$2.01M
VKI icon
44
Invesco Advantage Municipal Income Trust II
VKI
$399M
$11.8M 0.56%
1,393,676
+148,098
+12% +$1.16M
LEO
45
BNY Mellon Strategic Municipals
LEO
$387M
$11.1M 0.53%
1,895,492
+812,500
+75% +$4.47M
BGB
46
Blackstone Strategic Credit 2027 Term Fund
BGB
$505M
$11M 0.53%
973,294
+49,882
+5% +$547K
PFN
47
PIMCO Income Strategy Fund II
PFN
$707M
$11M 0.53%
1,521,498
+256,844
+20% +$1.72M
MYN icon
48
BlackRock MuniYield New York Quality Fund
MYN
$376M
$10.9M 0.52%
1,057,831
+476,908
+82% +$4.48M
SKGR
49
DELISTED
SK Growth Opportunities Corporation Class A Common Stock
SKGR
$10.8M 0.52%
1,000,000
+887,750
+791% +$9.59M
KTF
50
DWS Municipal Income Trust
KTF
$352M
$10.7M 0.51%
1,202,573
+698,852
+139% +$5.71M
1
2
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Rivernorth Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Rivernorth Capital Management held 587 positions worth $2.09B, up 8.3% from $1.93B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management's Q4 2023 filing shows 43 new, 68 increased, 80 reduced and 98 closed positions. Its largest new stake was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M. The largest sale was Nuveen Preferred & Income Securities Fund, an estimated $42M.

By sector, the portfolio is most concentrated in Financials at 10% of assets, down from 12% a quarter earlier, followed by Technology and Healthcare.

  • Rivernorth Capital Management's largest Q4 2023 buy was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M.
  • Rivernorth Capital Management added most to Nuveen Preferred & Income Opportunities Fund in Q4 2023, an estimated $50.4M increase.
  • Rivernorth Capital Management's biggest Q4 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $28.5M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q4 2023, selling an estimated $42M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.09B portfolio in Q4 2023.
  • Rivernorth Capital Management opened 43 new positions and closed 98 in Q4 2023.
  • Rivernorth Capital Management's portfolio value rose 8.3% quarter-over-quarter to $2.09B.

Based on Rivernorth Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.