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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
+0.05%
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
$1.81B
AUM Growth
-$76.5M
Cap. Flow
-$67.5M
Cap. Flow %
-3.73%
Top 10 Hldgs %
23.52%
Holding
418
New
58
Increased
43
Reduced
79
Closed
61

Top Buys

Rank Stock Value
1
CRF
Cornerstone Total Return Fund
CRF
+$13.9M
2
CLM icon
Cornerstone Strategic Value Fund
CLM
+$13.3M
3
XMPT icon
VanEck CEF Muni Income ETF
XMPT
+$6.78M
4
BHK icon
BlackRock Core Bond Trust
BHK
+$5.58M
5
CHACU
Crane Harbor Acquistion Corp Units
CHACU
+$5.41M

Top Sells

Rank Stock Value
1
BMEZ icon
BlackRock Health Sciences Trust II
BMEZ
+$30.3M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$25.4M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$20.8M
4
DMF
BNY Mellon Municipal Income
DMF
+$18.8M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$17.8M

Sector Composition

Rank Sector Weight
1 Financials 9.45%
2 Industrials 0.42%
3 Energy 0.29%
4 Consumer Staples 0.29%
5 Utilities 0.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PMX
26
DELISTED
PIMCO Municipal Income Fund III
PMX
$18.3M 1.01%
2,673,813
+763,621
+40% +$5.21M
WIW
27
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$511M
$17.1M 0.94%
1,949,219
-18,550
-0.9% -$159K
PHK
28
PIMCO High Income Fund
PHK
$878M
$16.8M 0.93%
3,507,305
+40,464
+1% +$191K
FTHY
29
First Trust High Yield Opportunities 2027 Term Fund
FTHY
$495M
$16.4M 0.91%
1,105,468
+19,553
+2% +$278K
BINC icon
30
BlackRock Flexible Income ETF
BINC
$16.3B
$15.9M 0.88%
301,348
+47,812
+19% +$2.49M
PML
31
PIMCO Municipal Income Fund II
PML
$491M
$15.8M 0.87%
2,116,662
+337,060
+19% +$2.54M
VGM icon
32
Invesco Trust Investment Grade Municipals
VGM
$563M
$15.6M 0.86%
1,643,489
-989,286
-38% -$9.49M
CRF
33
Cornerstone Total Return Fund
CRF
$1.17B
$15.2M 0.84%
+1,954,887
New +$13.9M
BRW
34
Saba Capital Income & Opportunities Fund
BRW
$340M
$15.1M 0.84%
1,875,203
-529,071
-22% -$4.02M
CLM icon
35
Cornerstone Strategic Value Fund
CLM
$2.24B
$14.6M 0.81%
+1,803,392
New +$13.3M
MQT
36
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$13.8M 0.76%
1,426,571
+46,211
+3% +$445K
LEO
37
BNY Mellon Strategic Municipals
LEO
$387M
$13.1M 0.72%
2,212,510
-81,032
-4% -$474K
SDHY
38
PGIM Short Duration High Yield Opportunities Fund
SDHY
$401M
$12.4M 0.69%
739,278
+90,100
+14% +$1.45M
TONT
39
Graf Global Corp
TONT
$153M
$11.5M 0.64%
1,100,000
– –
BKN
40
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$11.4M 0.63%
1,048,372
+71,622
+7% +$777K
AFB
41
AllianceBernstein National Municipal Income Fund
AFB
$316M
$11.2M 0.62%
1,083,326
-8,088
-0.7% -$83.3K
GLQ
42
Clough Global Equity Fund
GLQ
$158M
$10.9M 0.6%
1,525,377
+60,075
+4% +$391K
PFL
43
PIMCO Income Strategy Fund
PFL
$389M
$10.7M 0.59%
1,281,563
+5,623
+0.4% +$46.4K
SBI
44
Western Asset Intermediate Muni Fund
SBI
$108M
$10.5M 0.58%
1,399,124
+175,517
+14% +$1.32M
IQI icon
45
Invesco Quality Municipal Securities
IQI
$532M
$9.98M 0.55%
1,063,794
-102,022
-9% -$957K
NZF icon
46
Nuveen Municipal Credit Income Fund
NZF
$2.43B
$9.66M 0.53%
810,446
-1,505,088
-65% -$17.8M
BTX
47
BlackRock Technology and Private Equity Term Trust
BTX
$1B
$9.33M 0.52%
1,270,917
-532,518
-30% -$3.52M
BYM
48
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$9.29M 0.51%
880,192
+59,677
+7% +$626K
MHI
49
DELISTED
Pioneer Municipal High Income Fund
MHI
$9.19M 0.51%
1,003,600
-893,529
-47% -$8.11M
MIO
50
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$8.88M 0.49%
752,523
-823,328
-52% -$9.65M
1
2
3 4 5

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Rivernorth Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Rivernorth Capital Management held 418 positions worth $1.81B, down 4.1% from $1.88B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Rivernorth Capital Management withdrew a net $67.5M in Q2 2025, closing 61 positions and reducing 79 holdings. Its most notable exit was BlackRock Health Sciences Trust II, an estimated $30.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.4% of assets, down from 9.6% a quarter earlier, followed by Industrials and Energy.

Against the trend, Rivernorth Capital Management opened a new position in Cornerstone Total Return Fund worth $15.2M.

  • Rivernorth Capital Management's largest Q2 2025 buy was Cornerstone Total Return Fund: 1,954,887 shares worth $15.2M.
  • Rivernorth Capital Management added most to BlackRock MuniHoldings California Quality Fund in Q2 2025, an estimated $5.37M increase.
  • Rivernorth Capital Management's biggest Q2 2025 reduction was Nuveen Quality Municipal Income Fund, cutting an estimated $25.4M.
  • Rivernorth Capital Management fully exited BlackRock Health Sciences Trust II in Q2 2025, selling an estimated $30.3M.
  • Rivernorth Capital Management's ten largest holdings make up 24% of its $1.81B portfolio in Q2 2025.
  • Rivernorth Capital Management opened 58 new positions and closed 61 in Q2 2025.
  • Rivernorth Capital Management's portfolio value fell 4.1% quarter-over-quarter to $1.81B.

Based on Rivernorth Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.