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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
+3.94%
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
-$46.1M
Cap. Flow
-$126M
Cap. Flow %
-6.07%
Top 10 Hldgs %
30.91%
Holding
491
New
49
Increased
67
Reduced
60
Closed
103

Top Buys

Rank Stock Value
1
ACP
abrdn Income Credit Strategies Fund
ACP
+$26.9M
2
MHI
Pioneer Municipal High Income Fund
MHI
+$7.96M
3
PCF
High Income Securities Fund
PCF
+$7.68M
4
DMF
BNY Mellon Municipal Income
DMF
+$7.54M
5
OCSL icon
Oaktree Specialty Lending
OCSL
+$6.93M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$37.8M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$19.8M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$13.1M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$12.6M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$10.7M

Sector Composition

Rank Sector Weight
1 Financials 7.8%
2 Technology 0.67%
3 Consumer Staples 0.25%
4 Consumer Discretionary 0.24%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VMO icon
26
Invesco Municipal Opportunity Trust
VMO
$658M
$24.3M 1.17%
2,367,527
+491,922
+26% +$4.98M
MUE
27
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$24M 1.16%
2,245,080
+30,224
+1% +$316K
BRW
28
Saba Capital Income & Opportunities Fund
BRW
$340M
$23.2M 1.12%
3,060,697
-143,167
-4% -$1.04M
MYI icon
29
BlackRock MuniYield Quality Fund III
MYI
$719M
$23M 1.11%
1,919,220
-30,340
-2% -$350K
PFN
30
PIMCO Income Strategy Fund II
PFN
$707M
$20M 0.97%
2,623,307
+513,824
+24% +$3.75M
WIW
31
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$510M
$18.1M 0.87%
2,045,275
-46,640
-2% -$402K
VGM icon
32
Invesco Trust Investment Grade Municipals
VGM
$564M
$17M 0.82%
1,612,419
-32,986
-2% -$343K
VKQ icon
33
Invesco Municipal Trust
VKQ
$547M
$16.9M 0.81%
1,642,546
-3,767
-0.2% -$38.1K
DMF
34
DELISTED
BNY Mellon Municipal Income
DMF
$16.6M 0.8%
2,265,296
+1,035,116
+84% +$7.54M
LEO
35
BNY Mellon Strategic Municipals
LEO
$387M
$15.7M 0.76%
2,411,067
+492,244
+26% +$3.12M
FTHY
36
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$498M
$15.3M 0.74%
1,010,260
-236,615
-19% -$3.48M
IQI icon
37
Invesco Quality Municipal Securities
IQI
$533M
$14.3M 0.69%
1,372,415
+25,143
+2% +$256K
AFB
38
AllianceBernstein National Municipal Income Fund
AFB
$316M
$14.1M 0.68%
1,192,205
+232,205
+24% +$2.65M
MIO
39
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$14M 0.68%
1,132,947
+377,242
+50% +$4.57M
EMD
40
Western Asset Emerging Markets Debt Fund
EMD
$611M
$13.7M 0.66%
1,350,440
-236,720
-15% -$2.32M
SBI
41
Western Asset Intermediate Muni Fund
SBI
$108M
$13.7M 0.66%
1,674,840
+45,940
+3% +$369K
MQT
42
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$13.5M 0.65%
1,251,418
+11,450
+0.9% +$121K
MHI
43
DELISTED
Pioneer Municipal High Income Fund
MHI
$13.4M 0.65%
1,395,686
+849,106
+155% +$7.96M
VKI icon
44
Invesco Advantage Municipal Income Trust II
VKI
$399M
$13M 0.63%
1,399,144
-27,223
-2% -$247K
BKN
45
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$12.4M 0.6%
960,795
-63,871
-6% -$788K
MAV
46
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$12.2M 0.59%
1,379,762
+341,293
+33% +$2.94M
MHN
47
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$11.9M 0.58%
1,070,573
+298,947
+39% +$3.24M
SDHY
48
PGIM Short Duration High Yield Opportunities Fund
SDHY
$402M
$11.9M 0.58%
713,308
-3,200
-0.4% -$50.8K
SKGR
49
DELISTED
SK Growth Opportunities Corporation Class A Common Stock
SKGR
$11.3M 0.55%
1,000,000
– –
PFL
50
PIMCO Income Strategy Fund
PFL
$389M
$10.7M 0.52%
1,248,835
+732,282
+142% +$6.08M
1
2
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Rivernorth Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Rivernorth Capital Management held 491 positions worth $2.07B, down 2.2% from $2.12B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $126M in Q3 2024, closing 103 positions and reducing 60 holdings. Its most notable exit was Nuveen Preferred & Income Opportunities Fund, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.4% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in abrdn Income Credit Strategies Fund worth $27.3M.

  • Rivernorth Capital Management's largest Q3 2024 buy was abrdn Income Credit Strategies Fund: 4,123,676 shares worth $27.3M.
  • Rivernorth Capital Management added most to Pioneer Municipal High Income Fund in Q3 2024, an estimated $7.96M increase.
  • Rivernorth Capital Management's biggest Q3 2024 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $19.8M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Opportunities Fund in Q3 2024, selling an estimated $37.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q3 2024.
  • Rivernorth Capital Management opened 49 new positions and closed 103 in Q3 2024.
  • Rivernorth Capital Management's portfolio value fell 2.2% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.