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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
EUDAW icon
526
EUDA Health Holdings Warrant
EUDAW
$269K
$14K ﹤0.01%
175,000
– –
BREZR
527
DELISTED
Breeze Holdings Acquisition Corp. Right
BREZR
$14K ﹤0.01%
100,000
– –
MBSC.WS
528
DELISTED
M3-Brigade Acquisition III Corp. Public warrants, each whole public warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
MBSC.WS
$14K ﹤0.01%
33,331
– –
ABVEW
529
DELISTED
Above Food Ingredients Inc Warrants
ABVEW
$13.9K ﹤0.01%
232,131
– –
MMVWW
530
DELISTED
MultiMetaVerse Holdings Limited Warrant
MMVWW
$13.7K ﹤0.01%
85,850
– –
ICUCW
531
SeaStar Medical Holding Corp Warrant
ICUCW
$334K
$13.5K ﹤0.01%
150,000
– –
ALSAR
532
DELISTED
Alpha Star Acquisition Corp Rights
ALSAR
$12.8K ﹤0.01%
+98,841
New +$13.3K
OSI.WS
533
DELISTED
Osiris Acquisition Corp. Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share
OSI.WS
$12.8K ﹤0.01%
98,312
– –
PUCKW
534
DELISTED
Goal Acquisitions Corp. Warrant
PUCKW
$12.7K ﹤0.01%
253,104
– –
OHAAW
535
DELISTED
OPY Acquisition Corp. I Warrant
OHAAW
$12.6K ﹤0.01%
210,209
+60,211
+40% +$3.35K
ENERR
536
DELISTED
Accretion Acquisition Corp Right
ENERR
$12.3K ﹤0.01%
174,998
– –
SNRHW
537
DELISTED
Senior Connect Acquisition Corp. I Warrant
SNRHW
$12.2K ﹤0.01%
203,382
+57,575
+39% +$2.11K
GBBKR
538
DELISTED
Global Blockchain Acquisition Corp. Right
GBBKR
$12K ﹤0.01%
300,000
– –
ROCLW
539
DELISTED
Roth CH Acquisition V Co. Warrant
ROCLW
$12K ﹤0.01%
99,999
– –
LGVCW
540
DELISTED
LAMF Global Ventures Corp. I Warrant
LGVCW
$12K ﹤0.01%
149,999
– –
MBTCR
541
DELISTED
Nocturne Acquisition Corporation Right
MBTCR
$12K ﹤0.01%
150,000
– –
FXCOR
542
DELISTED
Financial Strategies Acquisition Corp. Rights
FXCOR
$12K ﹤0.01%
150,000
– –
JWACR
543
DELISTED
Jupiter Wellness Acquisition Corp. Right
JWACR
$12K ﹤0.01%
150,000
– –
GATEW
544
DELISTED
Marblegate Acquisition Corp. Warrant
GATEW
$12K ﹤0.01%
299,601
– –
PPHPR
545
DELISTED
PHP Ventures Acquisition Corp. Rights
PPHPR
$11.4K ﹤0.01%
63,064
– –
ARIZR
546
DELISTED
Arisz Acquisition Corp. Right
ARIZR
$11.3K ﹤0.01%
125,000
– –
DTRTW
547
DELISTED
DTRT Health Acquisition Corp. Warrant
DTRTW
$11K ﹤0.01%
50,000
– –
SEPAW
548
DELISTED
SEP Acquisition Corp Warrants
SEPAW
$10.9K ﹤0.01%
218,750
– –
GLLIR
549
DELISTED
Globalink Investment Inc. Rights
GLLIR
$10.7K ﹤0.01%
213,000
– –
WINVR
550
DELISTED
WinVest Acquisition Corp. Right
WINVR
$10.5K ﹤0.01%
150,000
– –
20 21
22
23 24

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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.