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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
-4.32%
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
$2.08B
AUM Growth
+$7.35M
Cap. Flow
+$105M
Cap. Flow %
5.03%
Top 10 Hldgs %
28.85%
Holding
491
New
103
Increased
49
Reduced
63
Closed
82

Top Buys

Rank Stock Value
1
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$27.5M
2
VKQ icon
Invesco Municipal Trust
VKQ
+$22M
3
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19M
4
PML
PIMCO Municipal Income Fund II
PML
+$12.9M
5
NUV icon
Nuveen Municipal Value Fund
NUV
+$12.9M

Top Sells

Rank Stock Value
1
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$31.1M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$15.5M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$10.3M
4
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$10.1M
5
PCF
High Income Securities Fund
PCF
+$7.89M

Sector Composition

Rank Sector Weight
1 Financials 10.6%
2 Industrials 0.52%
3 Technology 0.44%
4 Consumer Staples 0.25%
5 Energy 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MVT
26
DELISTED
BlackRock MuniVest Fund II
MVT
$24.6M 1.18%
2,327,843
+114,201
+5% +$1.26M
SABA
27
Saba Capital Income & Opportunities Fund II
SABA
$223M
$24.1M 1.16%
2,655,620
-432,682
-14% -$3.78M
PHK
28
PIMCO High Income Fund
PHK
$878M
$23.7M 1.14%
4,885,052
-54,713
-1% -$275K
MYI icon
29
BlackRock MuniYield Quality Fund III
MYI
$719M
$22M 1.06%
1,996,036
+76,816
+4% +$879K
BRW
30
Saba Capital Income & Opportunities Fund
BRW
$340M
$21.4M 1.03%
2,807,109
-253,588
-8% -$1.93M
MUE
31
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$21.1M 1.02%
2,110,664
-134,416
-6% -$1.41M
PFN
32
PIMCO Income Strategy Fund II
PFN
$707M
$20.1M 0.97%
2,699,440
+76,133
+3% +$573K
DMF
33
DELISTED
BNY Mellon Municipal Income
DMF
$17.3M 0.83%
2,443,358
+178,062
+8% +$1.29M
MIO
34
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$17M 0.82%
1,431,775
+298,828
+26% +$3.63M
WIW
35
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$510M
$16.9M 0.81%
2,045,275
– –
MHI
36
DELISTED
Pioneer Municipal High Income Fund
MHI
$15.2M 0.73%
1,640,679
+244,993
+18% +$2.32M
IQI icon
37
Invesco Quality Municipal Securities
IQI
$533M
$14.5M 0.7%
1,474,728
+102,313
+7% +$1.03M
LEO
38
BNY Mellon Strategic Municipals
LEO
$387M
$14.2M 0.68%
2,344,781
-66,286
-3% -$418K
FTHY
39
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$495M
$13.3M 0.64%
918,567
-91,693
-9% -$1.35M
MQT
40
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$13.3M 0.64%
1,347,317
+95,899
+8% +$1M
AFB
41
AllianceBernstein National Municipal Income Fund
AFB
$316M
$13M 0.63%
1,197,414
+5,209
+0.4% +$59.1K
GLO
42
Clough Global Opportunities Fund
GLO
$257M
$12.6M 0.61%
2,458,755
+1,171,360
+91% +$6.23M
MAV
43
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$12.1M 0.58%
1,432,241
+52,479
+4% +$455K
SBI
44
Western Asset Intermediate Muni Fund
SBI
$108M
$11.9M 0.57%
1,542,743
-132,097
-8% -$1.06M
PML
45
PIMCO Municipal Income Fund II
PML
$491M
$11.9M 0.57%
+1,471,926
New +$12.9M
SKGR
46
DELISTED
SK Growth Opportunities Corporation Class A Common Stock
SKGR
$11.6M 0.56%
1,000,000
– –
SDHY
47
PGIM Short Duration High Yield Opportunities Fund
SDHY
$402M
$11.5M 0.55%
713,262
-46
-0% -$760
VKI icon
48
Invesco Advantage Municipal Income Trust II
VKI
$399M
$11.3M 0.54%
1,290,005
-109,139
-8% -$984K
TONT
49
Graf Global Corp
TONT
$153M
$11.1M 0.53%
+1,100,000
New +$11M
MHN
50
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$11.1M 0.53%
1,070,573
– –
1
2
3 4 5

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Rivernorth Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Rivernorth Capital Management held 491 positions worth $2.08B, up 0.35% from $2.07B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management deployed $105M of net new capital in Q4 2024, opening 103 new positions and adding to 49 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 3,126,583 shares worth $26.3M.

By sector, the portfolio is most concentrated in Financials at 11% of assets, up from 7.8% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was BlackRock Municipal Income Fund, Inc., an estimated $31.1M trimmed.

  • Rivernorth Capital Management's largest Q4 2024 buy was abrdn Total Dynamic Dividend Fund: 3,126,583 shares worth $26.3M.
  • Rivernorth Capital Management added most to Invesco Municipal Trust in Q4 2024, an estimated $22M increase.
  • Rivernorth Capital Management's biggest Q4 2024 reduction was BlackRock Municipal Income Fund, Inc., cutting an estimated $31.1M.
  • Rivernorth Capital Management fully exited Blackstone Strategic Credit 2027 Term Fund in Q4 2024, selling an estimated $10.1M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $2.08B portfolio in Q4 2024.
  • Rivernorth Capital Management opened 103 new positions and closed 82 in Q4 2024.
  • Rivernorth Capital Management's portfolio value rose 0.35% quarter-over-quarter to $2.08B.

Based on Rivernorth Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.