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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
PRSTW
576
DELISTED
Presto Technologies, Inc. Warrant
PRSTW
$7.45K ﹤0.01%
186,232
+1,990
+1% +$136
LJAQW
577
DELISTED
LightJump Acquisition Corporation Warrant
LJAQW
$7.28K ﹤0.01%
48,517
– –
PGRWW
578
DELISTED
Progress Acquisition Corp. Warrant
PGRWW
$7.21K ﹤0.01%
120,249
+43,750
+57% +$2.66K
NBSTW
579
DELISTED
Newbury Street Acquisition Corporation Warrants
NBSTW
$7K ﹤0.01%
100,000
– –
MCAFR
580
DELISTED
Mountain Crest Acquisition Corp. IV Rights
MCAFR
$7K ﹤0.01%
100,000
– –
BIOTW
581
DELISTED
Biotech Acquisition Company Warrant
BIOTW
$6.65K ﹤0.01%
110,837
– –
AEAEW
582
DELISTED
AltEnergy Acquisition Corp Warrant
AEAEW
$6.25K ﹤0.01%
62,498
– –
BREZW
583
DELISTED
Breeze Holdings Acquisition Corp. Warrant
BREZW
$6K ﹤0.01%
100,000
– –
TGVCW
584
DELISTED
TG Venture Acquisition Corp. Warrants
TGVCW
$6K ﹤0.01%
99,999
– –
NETC.WS
585
DELISTED
Nabors Energy Transition Corp. Warrants, exercisable for one share of Class A Common Stock
NETC.WS
$6K ﹤0.01%
99,999
– –
AXAC.WS
586
DELISTED
AXIOS Sustainable Growth Acquisition Corporation Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
AXAC.WS
$6K ﹤0.01%
150,000
– –
BMAQR
587
DELISTED
Blockchain Moon Acquisition Corp. Rights
BMAQR
$6K ﹤0.01%
150,000
– –
GIA.WS
588
DELISTED
GigCapital 5, Inc. Redeemable Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share
GIA.WS
$6K ﹤0.01%
150,000
– –
KACLW
589
DELISTED
Kairous Acquisition Corp. Limited Warrants
KACLW
$5.95K ﹤0.01%
+74,318
New +$3.75K
OPTXW icon
590
Syntec Optics Holdings Warrant
OPTXW
$21.2M
$5.84K ﹤0.01%
+146,114
New +$5.04K
AGBAW
591
DELISTED
AGBA Acquisition Ltd Warrant
AGBAW
$5.83K ﹤0.01%
145,846
– –
CONXW
592
DELISTED
CONX Corp. Warrant
CONXW
$5.63K ﹤0.01%
37,500
– –
ALORW
593
DELISTED
ALSP Orchid Acquisition Corp I Warrant
ALORW
$5.57K ﹤0.01%
139,358
– –
ORIAW
594
DELISTED
Orion Biotech Opportunities Corp. Warrant
ORIAW
$5.51K ﹤0.01%
34,410
– –
SHFSW icon
595
SHF Holdings Warrants
SHFSW
$5.25K ﹤0.01%
87,500
– –
QFTA.WS
596
DELISTED
Quantum FinTech Acquisition Corporation Warrants, each warrant exercisable for one-half of one share of Common Stock at an exercise price of $11.50
QFTA.WS
$5.25K ﹤0.01%
175,000
– –
PRENW
597
Prenetics Global Ltd Warrant
PRENW
$139K
$5.24K ﹤0.01%
32,770
– –
PSQH.WS icon
598
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
$5.01K ﹤0.01%
55,709
– –
NVACW
599
DELISTED
NorthView Acquisition Corporation Warrant
NVACW
$5K ﹤0.01%
125,000
– –
WEL.WS
600
DELISTED
Integrated Wellness Acquisition Corp Redeemable Warrants
WEL.WS
$5K ﹤0.01%
99,999
– –
22 23
24
25 26

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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.