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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
+3.94%
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
$2.07B
AUM Growth
-$46.1M
Cap. Flow
-$126M
Cap. Flow %
-6.07%
Top 10 Hldgs %
30.91%
Holding
491
New
49
Increased
67
Reduced
60
Closed
103

Top Buys

Rank Stock Value
1
ACP
abrdn Income Credit Strategies Fund
ACP
+$26.9M
2
MHI
Pioneer Municipal High Income Fund
MHI
+$7.96M
3
PCF
High Income Securities Fund
PCF
+$7.68M
4
DMF
BNY Mellon Municipal Income
DMF
+$7.54M
5
OCSL icon
Oaktree Specialty Lending
OCSL
+$6.93M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$37.8M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$19.8M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$13.1M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$12.6M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$10.7M

Sector Composition

Rank Sector Weight
1 Financials 7.8%
2 Technology 0.67%
3 Consumer Staples 0.25%
4 Consumer Discretionary 0.24%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVHI
476
DELISTED
Achari Ventures Holdings Corp I
AVHI
– –
-110,056
Closed -$1.24M
AVHIW
477
DELISTED
Achari Ventures Holdings Corp I Warrant
AVHIW
– –
-149,998
Closed -$3K
ASCA
478
DELISTED
A SPAC I Acquisition Corp. Class A Ordinary Share
ASCA
– –
-89,544
Closed -$270K
KYCHR
479
DELISTED
Keyarch Acquisition Corporation Rights
KYCHR
– –
-400,000
Closed -$156K
KYCHW
480
DELISTED
Keyarch Acquisition Corporation Warrant
KYCHW
– –
-200,000
Closed -$10.2K
MNTN
481
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
– –
-102,842
Closed -$1.16M
NOVVW
482
DELISTED
Nova Vision Acquisition Corp. Warrant
NOVVW
– –
-165,000
Closed -$2.48K
KCGI.WS
483
DELISTED
Kensington Capital Acquisition Corp. V Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
KCGI.WS
– –
-983,707
Closed -$29.5K
HUDA
484
DELISTED
Hudson Acquisition I Corp. Common Stock
HUDA
– –
-19,745
Closed -$267K
OSAAW
485
DELISTED
ProSomnus, Inc. Warrant
OSAAW
– –
-59,994
Closed -$600
PPHPR
486
DELISTED
PHP Ventures Acquisition Corp. Rights
PPHPR
– –
-63,064
Closed -$6.31K
RACYW
487
DELISTED
Relativity Acquisition Corp. Warrant
RACYW
– –
-150,000
Closed -$7.5K
AFJKU
488
Aimei Health Technology Co Unit
AFJKU
– –
-14,391
Closed -$152K
BKHAU
489
Black Hawk Acquisition Corp Units
BKHAU
$85.2M
– –
-63,015
Closed -$650K
16 17 18 19
20

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Rivernorth Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Rivernorth Capital Management held 491 positions worth $2.07B, down 2.2% from $2.12B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $126M in Q3 2024, closing 103 positions and reducing 60 holdings. Its most notable exit was Nuveen Preferred & Income Opportunities Fund, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.4% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in abrdn Income Credit Strategies Fund worth $27.3M.

  • Rivernorth Capital Management's largest Q3 2024 buy was abrdn Income Credit Strategies Fund: 4,123,676 shares worth $27.3M.
  • Rivernorth Capital Management added most to Pioneer Municipal High Income Fund in Q3 2024, an estimated $7.96M increase.
  • Rivernorth Capital Management's biggest Q3 2024 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $19.8M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Opportunities Fund in Q3 2024, selling an estimated $37.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q3 2024.
  • Rivernorth Capital Management opened 49 new positions and closed 103 in Q3 2024.
  • Rivernorth Capital Management's portfolio value fell 2.2% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.