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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
-6.48%
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
$1.93B
AUM Growth
-$73.9M
Cap. Flow
+$61.5M
Cap. Flow %
3.19%
Top 10 Hldgs %
31.01%
Holding
632
New
48
Increased
91
Reduced
80
Closed
87

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$19.3M
3
BLE
BlackRock Municipal Income Trust II
BLE
+$14M
4
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$13.2M
5
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$13M

Top Sells

Rank Stock Value
1
BBDC icon
Barings BDC
BBDC
+$26.1M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$16.6M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.9M
4
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$15.8M
5
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 12.36%
2 Healthcare 1.47%
3 Technology 1.18%
4 Industrials 1.07%
5 Consumer Discretionary 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NCACW
526
DELISTED
Newcourt Acquisition Corp Warrant
NCACW
$1K ﹤0.01%
49,999
– –
ALSAW
527
DELISTED
Alpha Star Acquisition Corp Warrants
ALSAW
$988 ﹤0.01%
98,841
– –
PHYT.WS
528
DELISTED
Pyrophyte Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
PHYT.WS
$875 ﹤0.01%
12,499
– –
BLUA.WS
529
DELISTED
BlueRiver Acquisition Corp. Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50
BLUA.WS
$860 ﹤0.01%
17,806
-191
-1% -$11
HCMAW
530
DELISTED
HCM Acquisition Corp Warrant
HCMAW
$860 ﹤0.01%
50,000
– –
TLGYW
531
DELISTED
TLGY Acquisition Corporation Warrant
TLGYW
$800 ﹤0.01%
19,999
– –
ZAPPW
532
DELISTED
Zapp Electric Vehicles Group Limited Warrant
ZAPPW
$750 ﹤0.01%
24,999
– –
LCW.WS
533
DELISTED
Learn CW Investment Corporation Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
LCW.WS
$750 ﹤0.01%
24,999
– –
ECXWW
534
ECARX Holdings Warrants
ECXWW
$1.08M
$625 ﹤0.01%
12,500
– –
TVGNW icon
535
Tevogen Inc. Warrant
TVGNW
$933K
$625 ﹤0.01%
12,499
– –
CSTA.WS
536
DELISTED
Constellation Acquisition Corp I Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
CSTA.WS
$494 ﹤0.01%
18,380
– –
MACAW
537
DELISTED
Moringa Acquisition Corp Warrant
MACAW
$450 ﹤0.01%
14,999
– –
BURU.WS
538
DELISTED
Nuburu, Inc. Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50
BURU.WS
$442 ﹤0.01%
22,099
– –
NIRWW
539
DELISTED
Near Intelligence, Inc. Warrant
NIRWW
$290 ﹤0.01%
14,486
– –
BOAC.WS
540
DELISTED
Bluescape Opportunities Acquisition Corp. Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
BOAC.WS
$277 ﹤0.01%
31,844
– –
SDSTW
541
Stardust Power Inc Warrant
SDSTW
$5.67M
$146 ﹤0.01%
38,415
– –
ADERW
542
DELISTED
26 Capital Acquisition Corp Warrant
ADERW
$81 ﹤0.01%
12,499
– –
AACT.U
543
DELISTED
Ares Acquisition Corp II Units
AACT.U
– –
-738,966
Closed -$7.61M
AGG icon
544
iShares Core US Aggregate Bond ETF
AGG
$137B
– –
-11,000
Closed -$1.07M
ALCYU
545
DELISTED
Alchemy Investments Acquisition Corp 1 Units
ALCYU
– –
-124,718
Closed -$1.27M
BUJAU
546
DELISTED
Bukit Jalil Global Acquisition 1 Ltd. Unit
BUJAU
– –
-75,000
Closed -$764K
DCX
547
Digital Currency X Technology Inc
DCX
$342M
– –
0
– -$44.8K
DHY
548
Credit Suisse High Yield Credit Fund
DHY
$242M
– –
-1,005,327
Closed -$1.92M
DTI icon
549
Drilling Tools International
DTI
$86.4M
– –
-20,123
Closed -$87.5K
EFT
550
Eaton Vance Floating-Rate Income Trust
EFT
$288M
– –
-37,928
Closed -$443K
20 21
22
23 24

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Rivernorth Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Rivernorth Capital Management held 632 positions worth $1.93B, down 3.7% from $2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management deployed $61.5M of net new capital in Q3 2023, opening 48 new positions and adding to 91 existing holdings. Its largest new stake was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.

By sector, the portfolio is most concentrated in Financials at 12% of assets, down from 13% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Barings BDC, an estimated $26.1M trimmed.

  • Rivernorth Capital Management's largest Q3 2023 buy was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2023, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q3 2023 reduction was Barings BDC, cutting an estimated $26.1M.
  • Rivernorth Capital Management fully exited BlackRock Corporate High Yield Fund in Q3 2023, selling an estimated $9.1M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.93B portfolio in Q3 2023.
  • Rivernorth Capital Management opened 48 new positions and closed 87 in Q3 2023.
  • Rivernorth Capital Management's portfolio value fell 3.7% quarter-over-quarter to $1.93B.

Based on Rivernorth Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.