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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
+0.95%
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
$2.12B
AUM Growth
+$47.9M
Cap. Flow
+$29.3M
Cap. Flow %
1.38%
Top 10 Hldgs %
31.35%
Holding
494
New
31
Increased
59
Reduced
72
Closed
52

Top Buys

Rank Stock Value
1
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$21.2M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$13.5M
3
MIO
Pioneer Municipal High Income Opportunities Fund
MIO
+$8.55M
4
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$8.38M
5
LEGT
Legato Merger Corp III
LEGT
+$7.35M

Top Sells

Rank Stock Value
1
PDI icon
PIMCO Dynamic Income Fund
PDI
+$16.1M
2
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$14.3M
3
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$9.68M
4
PORT
Southport Acquisition Corporation
PORT
+$7.56M
5
LEGT.U
Legato Merger Corp III Units
LEGT.U
+$7.4M

Sector Composition

Rank Sector Weight
1 Financials 8.41%
2 Technology 0.67%
3 Healthcare 0.44%
4 Consumer Discretionary 0.24%
5 Consumer Staples 0.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MUE
26
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$22.6M 1.07%
2,214,856
+2,142
+0.1% +$21.3K
BRW
27
Saba Capital Income & Opportunities Fund
BRW
$340M
$22.6M 1.07%
3,203,864
+49,899
+2% +$359K
PHK
28
PIMCO High Income Fund
PHK
$880M
$22.4M 1.06%
4,638,059
+168,583
+4% +$812K
MYI icon
29
BlackRock MuniYield Quality Fund III
MYI
$718M
$21.8M 1.03%
1,949,560
– –
VMO icon
30
Invesco Municipal Opportunity Trust
VMO
$662M
$18.9M 0.89%
1,875,605
-21,674
-1% -$209K
FTHY
31
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$496M
$17.9M 0.84%
1,246,875
-18
-0% -$255
WIW
32
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$511M
$17.8M 0.84%
2,091,915
+108,084
+5% +$923K
VGM icon
33
Invesco Trust Investment Grade Municipals
VGM
$563M
$16.9M 0.8%
1,645,405
+52,467
+3% +$516K
VKQ icon
34
Invesco Municipal Trust
VKQ
$547M
$16.4M 0.77%
1,646,313
-39,971
-2% -$384K
CLM icon
35
Cornerstone Strategic Value Fund
CLM
$2.24B
$15.4M 0.73%
2,037,240
-320,003
-14% -$2.37M
PFN
36
PIMCO Income Strategy Fund II
PFN
$704M
$15.1M 0.71%
2,109,483
+629,551
+43% +$4.6M
EMD
37
Western Asset Emerging Markets Debt Fund
EMD
$612M
$14.8M 0.7%
1,587,160
-24,086
-1% -$224K
IQI icon
38
Invesco Quality Municipal Securities
IQI
$531M
$13.4M 0.63%
1,347,272
+70,955
+6% +$681K
IIM icon
39
Invesco Value Municipal Income Trust
IIM
$598M
$13.1M 0.62%
1,061,719
+143,316
+16% +$1.69M
HIO
40
Western Asset High Income Opportunity Fund
HIO
$339M
$13M 0.61%
3,406,468
-552,435
-14% -$2.09M
SBI
41
Western Asset Intermediate Muni Fund
SBI
$108M
$12.8M 0.6%
1,628,900
+564,824
+53% +$4.39M
MQT
42
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$12.8M 0.6%
1,239,968
– –
VKI icon
43
Invesco Advantage Municipal Income Trust II
VKI
$399M
$12.7M 0.6%
1,426,367
+32,691
+2% +$278K
BKN
44
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$12.3M 0.58%
1,024,666
+1,000
+0.1% +$12K
KTF
45
DWS Municipal Income Trust
KTF
$353M
$11.8M 0.56%
1,250,199
+1,690
+0.1% +$16K
LEO
46
BNY Mellon Strategic Municipals
LEO
$387M
$11.7M 0.55%
1,918,823
+23,331
+1% +$140K
BGB
47
Blackstone Strategic Credit 2027 Term Fund
BGB
$504M
$11.2M 0.53%
941,374
-31,920
-3% -$380K
SKGR
48
DELISTED
SK Growth Opportunities Corporation Class A Common Stock
SKGR
$11.1M 0.53%
1,000,000
– –
SDHY
49
PGIM Short Duration High Yield Opportunities Fund
SDHY
$402M
$11M 0.52%
716,508
+78
+0% +$1.18K
FMN
50
Federated Hermes Premier Municipal Income Fund
FMN
$87.4M
$10.8M 0.51%
947,311
+374,444
+65% +$4.18M
1
2
3 4 5

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Rivernorth Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, Rivernorth Capital Management held 494 positions worth $2.12B, up 2.3% from $2.07B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management's Q2 2024 filing shows 31 new, 59 increased, 72 reduced and 52 closed positions. Its largest new stake was Pioneer Municipal High Income Opportunities Fund: 755,705 shares worth $8.8M. The largest sale was PIMCO Dynamic Income Fund, an estimated $16.1M.

By sector, the portfolio is most concentrated in Financials at 8.4% of assets, down from 9.1% a quarter earlier, followed by Technology and Healthcare.

  • Rivernorth Capital Management's largest Q2 2024 buy was Pioneer Municipal High Income Opportunities Fund: 755,705 shares worth $8.8M.
  • Rivernorth Capital Management added most to BlackRock ESG Capital Allocation Term Trust in Q2 2024, an estimated $21.2M increase.
  • Rivernorth Capital Management's biggest Q2 2024 reduction was Nuveen Preferred & Income Opportunities Fund, cutting an estimated $14.3M.
  • Rivernorth Capital Management fully exited PIMCO Dynamic Income Fund in Q2 2024, selling an estimated $16.1M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.12B portfolio in Q2 2024.
  • Rivernorth Capital Management opened 31 new positions and closed 52 in Q2 2024.
  • Rivernorth Capital Management's portfolio value rose 2.3% quarter-over-quarter to $2.12B.

Based on Rivernorth Capital Management's 13F filing for Q2 2024, filed 14 Aug 2024.