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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
+3.24%
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
$2.22B
AUM Growth
-$9.14M
Cap. Flow
-$68.7M
Cap. Flow %
-3.1%
Top 10 Hldgs %
27.51%
Holding
975
New
103
Increased
138
Reduced
81
Closed
258

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$29.4M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$26.8M
4
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$26M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$21.4M

Top Sells

Rank Stock Value
1
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$41.4M
2
GBDC icon
Golub Capital BDC
GBDC
+$35.8M
3
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$15.2M
4
VKQ icon
Invesco Municipal Trust
VKQ
+$15M
5
VVR icon
Invesco Senior Income Trust
VVR
+$12.6M

Sector Composition

Rank Sector Weight
1 Financials 19.93%
2 Industrials 1.07%
3 Technology 1.07%
4 Healthcare 0.96%
5 Consumer Discretionary 0.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CCVI.WS
476
DELISTED
Churchill Capital Corp VI Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share
CCVI.WS
$44.8K ﹤0.01%
746,274
+1,800
+0.2% +$78
TBCPW
477
DELISTED
Thunder Bridge Capital Partners III Inc. Warrant
TBCPW
$43.2K ﹤0.01%
540,501
+186,729
+53% +$11.5K
CPAAW
478
DELISTED
Conyers Park III Acquisition Corp. Warrants
CPAAW
$42.8K ﹤0.01%
285,117
+136,013
+91% +$19.7K
NVACR
479
DELISTED
NorthView Acquisition Corporation Rights
NVACR
$42.5K ﹤0.01%
250,000
– –
LCAHW
480
DELISTED
Landcadia Holdings IV, Inc. Warrant
LCAHW
$39.7K ﹤0.01%
397,271
+376,928
+1,853% +$42.8K
AVACW
481
DELISTED
Avalon Acquisition Inc. Warrant
AVACW
$39.4K ﹤0.01%
562,494
– –
LBBBR
482
DELISTED
Lakeshore Acquisition II Corp. Rights
LBBBR
$37.9K ﹤0.01%
222,982
+20,612
+10% +$3.21K
GDNRW
483
DELISTED
Gardiner Healthcare Acquisitions Corp. Warrant
GDNRW
$36.5K ﹤0.01%
365,000
– –
CFIVW
484
DELISTED
CF Acquisition Corp. IV Warrant
CFIVW
$35.1K ﹤0.01%
438,437
+102,878
+31% +$4.92K
TRAQ.WS
485
DELISTED
Trine II Acquisition Corp. Redeemable Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
TRAQ.WS
$35K ﹤0.01%
437,499
– –
PRPC.WS
486
DELISTED
CC Neuberger Principal Holdings III Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
PRPC.WS
$32.4K ﹤0.01%
647,658
– –
HCVIW
487
DELISTED
Hennessy Capital Investment Corp. VI Warrant
HCVIW
$31.7K ﹤0.01%
317,341
+127,966
+68% +$19.5K
PMGMW
488
DELISTED
Priveterra Acquisition Corp. II Warrant to purchase Class A common stock
PMGMW
$30.2K ﹤0.01%
201,213
– –
EUDA icon
489
EUDA Health Holdings
EUDA
$39.8M
$27.4K ﹤0.01%
819
-7,931
-91% -$927K
GBRGR
490
DELISTED
Goldenbridge Acquisition Limited Right
GBRGR
$27.2K ﹤0.01%
170,000
– –
LOKM.WS
491
DELISTED
Live Oak Mobility Acquisition Corp. Warrants, exercisable for one share of Class A common stock at an exercise price of $11.50 per share
LOKM.WS
$25.2K ﹤0.01%
179,871
– –
INTEW
492
DELISTED
Integral Acquisition Corporation 1 Warrants
INTEW
$24.2K ﹤0.01%
324,999
– –
CLOER
493
DELISTED
Clover Leaf Capital Corp. Rights
CLOER
$24K ﹤0.01%
300,000
– –
LIVBW
494
DELISTED
LIV Capital Acquisition Corp. II Warrants
LIVBW
$24K ﹤0.01%
299,997
– –
SCLXW icon
495
Scilex Holding Co Warrant
SCLXW
$2.3M
$23K ﹤0.01%
121,291
– –
ACRO.WS
496
DELISTED
Acropolis Infrastructure Acquisition Corp Warrants
ACRO.WS
$22.4K ﹤0.01%
187,080
+100,460
+116% +$11K
VHAQ.RT
497
DELISTED
Viveon Health Acquisition Corp. Rights, each exchangeable into one-twentieth of a share of Common Stock
VHAQ.RT
$22.3K ﹤0.01%
171,595
– –
KACLR
498
DELISTED
Kairous Acquisition Corp. Limited Rights
KACLR
$22.3K ﹤0.01%
+148,636
New +$13.1K
AACIW
499
DELISTED
Armada Acquisition Corp. I Warrant
AACIW
$22.3K ﹤0.01%
742,500
– –
SVFAW
500
DELISTED
SVF Investment Corp. Warrant
SVFAW
$22.2K ﹤0.01%
741,259
– –
18 19
20
21 22

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Rivernorth Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Rivernorth Capital Management held 975 positions worth $2.22B, down 0.41% from $2.23B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Rivernorth Capital Management withdrew a net $68.7M in Q4 2022, closing 258 positions and reducing 81 holdings. Its most notable exit was Nuveen New York AMT-Free Quality Municipal Income Fund, an estimated $41.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 27% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock Corporate High Yield Fund worth $20.8M.

  • Rivernorth Capital Management's largest Q4 2022 buy was BlackRock Corporate High Yield Fund: 2,381,391 shares worth $20.8M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q4 2022, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q4 2022 reduction was Golub Capital BDC, cutting an estimated $35.8M.
  • Rivernorth Capital Management fully exited Nuveen New York AMT-Free Quality Municipal Income Fund in Q4 2022, selling an estimated $41.4M.
  • Rivernorth Capital Management's ten largest holdings make up 28% of its $2.22B portfolio in Q4 2022.
  • Rivernorth Capital Management opened 103 new positions and closed 258 in Q4 2022.
  • Rivernorth Capital Management's portfolio value fell 0.41% quarter-over-quarter to $2.22B.

Based on Rivernorth Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.