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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
+3.64%
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
-$18.8M
Cap. Flow
-$76.2M
Cap. Flow %
-3.68%
Top 10 Hldgs %
30.81%
Holding
522
New
33
Increased
41
Reduced
115
Closed
59

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$15.6M
2
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$9.29M
3
LEGT.U
Legato Merger Corp III Units
LEGT.U
+$8.06M
4
EAD
Allspring Income Opportunities Fund
EAD
+$7.05M
5
BCX icon
BlackRock Resources & Commodities Strategy Trust
BCX
+$5.41M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$18.2M
2
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$14.2M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$12.5M
4
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$12.5M
5
PAXS
PIMCO Access Income Fund
PAXS
+$8.7M

Sector Composition

Rank Sector Weight
1 Financials 9.07%
2 Technology 0.91%
3 Healthcare 0.64%
4 Industrials 0.4%
5 Materials 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MUE
26
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$22.5M 1.09%
2,212,714
+60,898
+3% +$609K
MYI icon
27
BlackRock MuniYield Quality Fund III
MYI
$719M
$22.3M 1.08%
1,949,560
-1,442
-0.1% -$16.4K
PHK
28
PIMCO High Income Fund
PHK
$878M
$22.1M 1.07%
4,469,476
+1,030,318
+30% +$5.07M
SABA
29
Saba Capital Income & Opportunities Fund II
SABA
$223M
$20.4M 0.99%
2,667,818
+393,132
+17% +$3M
VMO icon
30
Invesco Municipal Opportunity Trust
VMO
$658M
$18.5M 0.89%
1,897,279
-133,784
-7% -$1.28M
FTHY
31
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$498M
$18.1M 0.88%
1,246,893
-142,606
-10% -$2.02M
CLM icon
32
Cornerstone Strategic Value Fund
CLM
$2.24B
$17.4M 0.84%
2,357,243
+2,186,254
+1,279% +$15.6M
WIW
33
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$510M
$17.1M 0.83%
1,983,831
+88,237
+5% +$758K
VKQ icon
34
Invesco Municipal Trust
VKQ
$547M
$16.4M 0.79%
1,686,284
– –
PDI icon
35
PIMCO Dynamic Income Fund
PDI
$7.45B
$16.1M 0.78%
835,376
-165,540
-17% -$3.15M
VGM icon
36
Invesco Trust Investment Grade Municipals
VGM
$564M
$15.7M 0.76%
1,592,938
+8,546
+0.5% +$83.9K
EMD
37
Western Asset Emerging Markets Debt Fund
EMD
$611M
$15.5M 0.75%
1,611,246
– –
HIO
38
Western Asset High Income Opportunity Fund
HIO
$338M
$15.4M 0.75%
3,958,903
-1,032,803
-21% -$4.07M
MUA icon
39
BlackRock MuniAssets Fund
MUA
$519M
$13.3M 0.64%
1,197,664
-129,371
-10% -$1.42M
MQT
40
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$13M 0.63%
1,239,968
– –
BKN
41
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$12.7M 0.61%
1,023,666
– –
IQI icon
42
Invesco Quality Municipal Securities
IQI
$533M
$12.4M 0.6%
1,276,317
-347,226
-21% -$3.32M
VKI icon
43
Invesco Advantage Municipal Income Trust II
VKI
$399M
$11.8M 0.57%
1,393,676
– –
BGB
44
Blackstone Strategic Credit 2027 Term Fund
BGB
$505M
$11.6M 0.56%
973,294
– –
LEO
45
BNY Mellon Strategic Municipals
LEO
$387M
$11.6M 0.56%
1,895,492
– –
KTF
46
DWS Municipal Income Trust
KTF
$352M
$11.3M 0.54%
1,248,509
+45,936
+4% +$412K
SKGR
47
DELISTED
SK Growth Opportunities Corporation Class A Common Stock
SKGR
$11.1M 0.53%
1,000,000
– –
PFN
48
PIMCO Income Strategy Fund II
PFN
$707M
$11M 0.53%
1,479,932
-41,566
-3% -$309K
IIM icon
49
Invesco Value Municipal Income Trust
IIM
$595M
$11M 0.53%
918,403
+349,808
+62% +$4.11M
SDHY
50
PGIM Short Duration High Yield Opportunities Fund
SDHY
$402M
$11M 0.53%
716,430
+236,196
+49% +$3.59M
1
2
3 4 5

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Rivernorth Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Rivernorth Capital Management held 522 positions worth $2.07B, down 0.9% from $2.09B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $76.2M in Q1 2024, closing 59 positions and reducing 115 holdings. Its most notable exit was Gores Holdings IX, Inc. Class A Common Stock, an estimated $12.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.1% of assets, down from 10% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Rivernorth Capital Management opened a new position in Legato Merger Corp III Units worth $8.1M.

  • Rivernorth Capital Management's largest Q1 2024 buy was Legato Merger Corp III Units: 798,972 shares worth $8.1M.
  • Rivernorth Capital Management added most to Cornerstone Strategic Value Fund in Q1 2024, an estimated $15.6M increase.
  • Rivernorth Capital Management's biggest Q1 2024 reduction was Nuveen Preferred & Income Opportunities Fund, cutting an estimated $18.2M.
  • Rivernorth Capital Management fully exited Gores Holdings IX, Inc. Class A Common Stock in Q1 2024, selling an estimated $12.5M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q1 2024.
  • Rivernorth Capital Management opened 33 new positions and closed 59 in Q1 2024.
  • Rivernorth Capital Management's portfolio value fell 0.9% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2024, filed 15 May 2024.