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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
-4.74%
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
$2.23B
AUM Growth
-$240M
Cap. Flow
-$153M
Cap. Flow %
-6.87%
Top 10 Hldgs %
22.33%
Holding
940
New
121
Increased
146
Reduced
85
Closed
68

Top Buys

Rank Stock Value
1
ZTR
Virtus Total Return Fund
ZTR
+$22.4M
2
PAXS
PIMCO Access Income Fund
PAXS
+$16M
3
VVR icon
Invesco Senior Income Trust
VVR
+$9.57M
4
BFK
BlackRock Municipal Income Trust
BFK
+$9.31M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$7.54M

Top Sells

Rank Stock Value
1
PSTH
Pershing Square Tontine Holdings, Ltd.
PSTH
+$41.6M
2
CLM icon
Cornerstone Strategic Value Fund
CLM
+$33.6M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$32.8M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.1M
5
PTA icon
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
+$24.8M

Sector Composition

Rank Sector Weight
1 Financials 27.26%
2 Healthcare 1.37%
3 Technology 1.26%
4 Industrials 0.95%
5 Communication Services 0.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SCOBU
476
DELISTED
ScION Tech Growth II Units
SCOBU
$496K 0.02%
50,000
– –
APGB.U
477
DELISTED
Apollo Strategic Growth Capital II Units, each consisting of one Class A ordinary share, and one-fifth of one warrant
APGB.U
$495K 0.02%
50,000
– –
PMGMU
478
DELISTED
Priveterra Acquisition Corp. Units
PMGMU
$495K 0.02%
50,212
– –
MSAC
479
DELISTED
Medicus Sciences Acquisition Corp. Class A Ordinary Share
MSAC
$495K 0.02%
50,000
– –
LCW
480
DELISTED
Learn CW Investment Corporation Class A Ordinary Shares
LCW
$494K 0.02%
49,998
– –
FSNB
481
DELISTED
Fusion Acquisition Corp. II
FSNB
$493K 0.02%
49,992
– –
JOFF
482
DELISTED
JOFF Fintech Acquisition Corp. Class A Common Stock
JOFF
$493K 0.02%
+50,000
New +$492K
TMAC.U
483
DELISTED
The Music Acquisition Corporation Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
TMAC.U
$493K 0.02%
50,000
– –
PSPC
484
DELISTED
Post Holdings Partnering Corporation
PSPC
$489K 0.02%
50,422
+1,279
+3% +$12.4K
SFR
485
DELISTED
Appreciate Holdings, Inc. Class A Common Stock
SFR
$482K 0.02%
48,444
– –
PRPC.U
486
DELISTED
CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
PRPC.U
$478K 0.02%
48,050
– –
EPWR
487
DELISTED
Empowerment & Inclusion Capital I Corp.
EPWR
$466K 0.02%
47,120
– –
CND
488
DELISTED
Concord Acquisition Corp.
CND
$452K 0.02%
44,998
– –
PZC
489
DELISTED
PIMCO California Municipal Income Fund III
PZC
$449K 0.02%
61,532
+31,224
+103% +$259K
MVT
490
DELISTED
BlackRock MuniVest Fund II
MVT
$433K 0.02%
+42,934
New +$489K
TLGYU
491
DELISTED
TLGY Acquisition Corporation Unit
TLGYU
$406K 0.02%
40,000
– –
SCOAU
492
DELISTED
ScION Tech Growth I Unit
SCOAU
$398K 0.02%
40,000
– –
EPHY
493
DELISTED
Epiphany Technology Acquisition Corp. Class A Common Stock
EPHY
$395K 0.02%
+40,000
New +$395K
AEON icon
494
AEON Biopharma
AEON
$13.4M
$394K 0.02%
556
– –
TWLV
495
DELISTED
Twelve Seas Investment Company II Class A Common Stock
TWLV
$394K 0.02%
39,993
– –
GHAC
496
DELISTED
Gaming & Hospitality Acquisition Corp. Class A Common Stock
GHAC
$394K 0.02%
+40,000
New +$394K
DHF
497
BNY Mellon High Yield Strategies Fund
DHF
$175M
$389K 0.02%
184,431
– –
KAIR
498
DELISTED
Kairos Acquisition Corp. Class A Ordinary Shares
KAIR
$388K 0.02%
38,938
– –
BLTS
499
DELISTED
Bright Lights Acquisition Corp. Class A Common Stock
BLTS
$385K 0.02%
38,812
– –
ZWRKU
500
DELISTED
Z-Work Acquisition Corp. Units
ZWRKU
$378K 0.02%
38,212
– –
18 19
20
21 22

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Rivernorth Capital Management's Q3 2022 Portfolio in Review

As of Q3 2022, Rivernorth Capital Management held 940 positions worth $2.23B, down 9.7% from $2.47B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Rivernorth Capital Management withdrew a net $153M in Q3 2022, closing 68 positions and reducing 85 holdings. Its most notable exit was Pershing Square Tontine Holdings, Ltd., an estimated $41.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 22% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Virtus Total Return Fund worth $17.8M.

  • Rivernorth Capital Management's largest Q3 2022 buy was Virtus Total Return Fund: 2,860,573 shares worth $17.8M.
  • Rivernorth Capital Management added most to PIMCO Access Income Fund in Q3 2022, an estimated $16M increase.
  • Rivernorth Capital Management's biggest Q3 2022 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $32.8M.
  • Rivernorth Capital Management fully exited Pershing Square Tontine Holdings, Ltd. in Q3 2022, selling an estimated $41.6M.
  • Rivernorth Capital Management's ten largest holdings make up 22% of its $2.23B portfolio in Q3 2022.
  • Rivernorth Capital Management opened 121 new positions and closed 68 in Q3 2022.
  • Rivernorth Capital Management's portfolio value fell 9.7% quarter-over-quarter to $2.23B.

Based on Rivernorth Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.