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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
EVF
551
Eaton Vance Senior Income Trust
EVF
$91.6M
– –
-78,829
Closed -$430K
GLV
552
Clough Global Dividend & Income Fund
GLV
$78.4M
– –
-32,885
Closed -$180K
GUG
553
Guggenheim Active Allocation Fund
GUG
$510M
– –
-487,592
Closed -$6.96M
HYT icon
554
BlackRock Corporate High Yield Fund
HYT
$1.38B
– –
-1,020,370
Closed -$9.1M
JTAI icon
555
Jet.AI
JTAI
$2.6M
– –
-3
Closed -$1.61M
MIO
556
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
– –
-66,086
Closed -$708K
NOM
557
DELISTED
Nuveen Missouri Quality Municipal Income Fund
NOM
– –
-19,640
Closed -$196K
NPWR.WS icon
558
NET Power Inc Warrants
NPWR.WS
$19.3M
– –
-108,259
Closed -$364K
PFL
559
PIMCO Income Strategy Fund
PFL
$388M
– –
-12,360
Closed -$101K
PSQH.WS icon
560
PSQ Holdings, Inc. Warrants, Each whole warrant exercisable for 1/15th of a share of Class A common stock at an exercise price of $172.50 per share
PSQH.WS
$1.27M
– –
-55,709
Closed -$42.9K
RDZN icon
561
Roadzen
RDZN
$112M
– –
-99,998
Closed -$1.06M
TYG
562
Tortoise Energy Infrastructure Corp
TYG
$1.09B
– –
-39,133
Closed -$1.12M
VTN icon
563
Invesco Trust for Investment Grade New York Municipals
VTN
$165M
– –
-134,183
Closed -$1.37M
IPXXU
564
DELISTED
Inflection Point Acquisition Corp. II Unit
IPXXU
– –
-211,514
Closed -$2.14M
GODNU
565
DELISTED
Golden Star Acquisition Corporation Unit
GODNU
– –
-136,252
Closed -$1.42M
CSLM
566
DELISTED
CSLM Acquisition Corp. Class A Ordinary Share
CSLM
– –
-175,000
Closed -$1.84M
BOCN
567
DELISTED
Blue Ocean Acquisition Corp Class A Ordinary Shares
BOCN
– –
-372,592
Closed -$3.94M
SOC.WS
568
DELISTED
Sable Offshore Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50
SOC.WS
– –
-12,499
Closed -$3.88K
CVIIU
569
DELISTED
Churchill Capital Corp VII Units
CVIIU
– –
-52,500
Closed -$542K
PEGR
570
DELISTED
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
– –
-199,996
Closed -$2.07M
PMGM
571
DELISTED
Priveterra Acquisition Corp. II Class A Common Stock
PMGM
– –
-314,426
Closed -$3.33M
FICV
572
DELISTED
Frontier Investment Corp Class A Ordinary Shares
FICV
– –
-215,952
Closed -$2.24M
ELIQ
573
DELISTED
Electriq Power Holdings, Inc.
ELIQ
– –
-27,003
Closed -$286K
NOGNW
574
DELISTED
Nogin, Inc. Warrant
NOGNW
– –
-50,000
Closed -$595
FSRX
575
DELISTED
FinServ Acquisition Corp. II Class A Common Stock
FSRX
– –
-11,788
Closed -$121K
21 22
23
24 25

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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.