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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
+0.01%
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
$1.88B
AUM Growth
-$193M
Cap. Flow
-$191M
Cap. Flow %
-10.13%
Top 10 Hldgs %
26.86%
Holding
449
New
40
Increased
54
Reduced
68
Closed
89

Top Buys

Rank Stock Value
1
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$6.71M
2
FGMCU
FG Merger II Corp Unit
FGMCU
+$6.3M
3
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$6.17M
4
PMX
PIMCO Municipal Income Fund III
PMX
+$5.82M
5
BINC icon
BlackRock Flexible Income ETF
BINC
+$5.69M

Top Sells

Rank Stock Value
1
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$27.2M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$22.7M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$22M
4
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$18.1M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$15M

Sector Composition

Rank Sector Weight
1 Financials 9.55%
2 Industrials 0.58%
3 Consumer Staples 0.28%
4 Energy 0.27%
5 Utilities 0.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ACP
26
abrdn Income Credit Strategies Fund
ACP
$644M
$20.3M 1.08%
3,449,997
-1,095,875
-24% -$6.61M
MYI icon
27
BlackRock MuniYield Quality Fund III
MYI
$719M
$20.1M 1.07%
1,832,401
-163,635
-8% -$1.81M
BCAT icon
28
BlackRock Capital Allocation Term Trust
BCAT
$1.69B
$20.1M 1.06%
1,393,325
-1,780,833
-56% -$27.2M
DMF
29
DELISTED
BNY Mellon Municipal Income
DMF
$18.8M 1%
2,614,908
+171,550
+7% +$1.23M
BRW
30
Saba Capital Income & Opportunities Fund
BRW
$335M
$18.7M 0.99%
2,404,274
-402,835
-14% -$3.14M
MIO
31
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$18.6M 0.99%
1,575,851
+144,076
+10% +$1.73M
MHI
32
DELISTED
Pioneer Municipal High Income Fund
MHI
$17.5M 0.93%
1,897,129
+256,450
+16% +$2.41M
WIW
33
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$510M
$17.3M 0.92%
1,967,769
-77,506
-4% -$668K
PHK
34
PIMCO High Income Fund
PHK
$878M
$17M 0.9%
3,466,841
-1,418,211
-29% -$6.96M
FTHY
35
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$496M
$15.7M 0.83%
1,085,915
+167,348
+18% +$2.43M
NAC icon
36
Nuveen California Quality Municipal Income Fund
NAC
$1.86B
$15.5M 0.82%
1,379,388
-1,026,255
-43% -$11.7M
GLO
37
Clough Global Opportunities Fund
GLO
$259M
$15.2M 0.81%
3,112,150
+653,395
+27% +$3.36M
MUC icon
38
BlackRock MuniHoldings California Quality Fund
MUC
$1.02B
$15.2M 0.81%
1,420,247
-1,356,110
-49% -$14.7M
PML
39
PIMCO Municipal Income Fund II
PML
$491M
$14.4M 0.76%
1,779,602
+307,676
+21% +$2.56M
LEO
40
BNY Mellon Strategic Municipals
LEO
$386M
$14M 0.74%
2,293,542
-51,239
-2% -$317K
MQT
41
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$13.8M 0.73%
1,380,360
+33,043
+2% +$335K
PMX
42
DELISTED
PIMCO Municipal Income Fund III
PMX
$13.7M 0.73%
1,910,192
+793,275
+71% +$5.82M
BINC icon
43
BlackRock Flexible Income ETF
BINC
$16.3B
$13.3M 0.7%
253,536
+108,561
+75% +$5.69M
MAV
44
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$12.4M 0.66%
1,489,569
+57,328
+4% +$490K
AFB
45
AllianceBernstein National Municipal Income Fund
AFB
$316M
$11.9M 0.63%
1,091,414
-106,000
-9% -$1.17M
BTX
46
BlackRock Technology and Private Equity Term Trust
BTX
$1.01B
$11.3M 0.6%
1,803,435
+830,046
+85% +$6.17M
IQI icon
47
Invesco Quality Municipal Securities
IQI
$533M
$11.3M 0.6%
1,165,816
-308,912
-21% -$3.05M
TONT
48
Graf Global Corp
TONT
$153M
$11.3M 0.6%
1,100,000
– –
BKN
49
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$11.2M 0.6%
976,750
+22,685
+2% +$260K
PFL
50
PIMCO Income Strategy Fund
PFL
$391M
$11M 0.58%
1,275,940
– –
1
2
3 4 5

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Rivernorth Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Rivernorth Capital Management held 449 positions worth $1.88B, down 9.3% from $2.08B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $191M in Q1 2025, closing 89 positions and reducing 68 holdings. Its most notable exit was SK Growth Opportunities Corporation Class A Common Stock, an estimated $11.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.6% of assets, down from 11% a quarter earlier, followed by Industrials and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in FG Merger II Corp Unit worth $6.28M.

  • Rivernorth Capital Management's largest Q1 2025 buy was FG Merger II Corp Unit: 642,969 shares worth $6.28M.
  • Rivernorth Capital Management added most to Nuveen Pennsylvania Quality Municipal Income Fund in Q1 2025, an estimated $6.71M increase.
  • Rivernorth Capital Management's biggest Q1 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $27.2M.
  • Rivernorth Capital Management fully exited SK Growth Opportunities Corporation Class A Common Stock in Q1 2025, selling an estimated $11.6M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.88B portfolio in Q1 2025.
  • Rivernorth Capital Management opened 40 new positions and closed 89 in Q1 2025.
  • Rivernorth Capital Management's portfolio value fell 9.3% quarter-over-quarter to $1.88B.

Based on Rivernorth Capital Management's 13F filing for Q1 2025, filed 15 May 2025.