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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
FSNB
576
DELISTED
Fusion Acquisition Corp. II
FSNB
– –
-46,556
Closed -$483K
RBT.WS
577
DELISTED
Rubicon Technologies, Inc. Warrants, each warrant is exercisable for 1/8th of a share of Class A Common Stock at an exercise price of $92.00r share
RBT.WS
– –
-14,400
Closed -$288
GFGDR
578
DELISTED
The Growth for Good Acquisition Corporation Right
GFGDR
– –
-149,998
Closed -$21K
GFGDW
579
DELISTED
The Growth for Good Acquisition Corporation Warrant
GFGDW
– –
-74,999
Closed -$5.25K
GFGD
580
DELISTED
The Growth for Good Acquisition Corporation Class A Ordinary Shares
GFGD
– –
-149,998
Closed -$1.57M
MBSC
581
DELISTED
M3-Brigade Acquisition III Corp.
MBSC
– –
-99,993
Closed -$1.04M
MBSC.WS
582
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
– –
-33,331
Closed -$13.7K
UTAA
583
DELISTED
UTA Acquisition Corporation Class A Ordinary Shares
UTAA
– –
-298,070
Closed -$3.14M
NSTD.WS
584
DELISTED
Northern Star Investment Corp. IV Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share
NSTD.WS
– –
-15,561
Closed -$892
TYGOW
585
DELISTED
Tigo Energy, Inc. Warrant
TYGOW
– –
-80,000
Closed -$149K
FXCOR
586
DELISTED
Financial Strategies Acquisition Corp. Rights
FXCOR
– –
-150,000
Closed -$18K
FXCOW
587
DELISTED
Financial Strategies Acquisition Corp. Warrants
FXCOW
– –
-150,000
Closed -$1.5K
WAVC.WS
588
DELISTED
Waverley Capital Acquisition Corp. 1 Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
WAVC.WS
– –
-24,999
Closed -$1K
WAVC
589
DELISTED
Waverley Capital Acquisition Corp. 1
WAVC
– –
-74,997
Closed -$778K
ZINGW
590
DELISTED
FTAC Zeus Acquisition Corp. Warrant
ZINGW
– –
-125,000
Closed -$2.5K
ZING
591
DELISTED
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
– –
-18,192
Closed -$190K
HMACR
592
DELISTED
Hainan Manaslu Acquisition Corp. Right
HMACR
– –
-250,000
Closed -$100K
HMACW
593
DELISTED
Hainan Manaslu Acquisition Corp. Warrant
HMACW
– –
-250,000
Closed -$9.22K
HMAC
594
DELISTED
Hainan Manaslu Acquisition Corp. Ordinary shares
HMAC
– –
-250,000
Closed -$2.65M
BSAQ.WS
595
DELISTED
Black Spade Acquisition Co Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
BSAQ.WS
– –
-42,750
Closed -$6.68K
BSAQ
596
DELISTED
Black Spade Acquisition Co
BSAQ
– –
-85,500
Closed -$884K
CPAA
597
DELISTED
Conyers Park III Acquisition Corp. Class A Common Stock
CPAA
– –
-40,552
Closed -$414K
CPAAW
598
DELISTED
Conyers Park III Acquisition Corp. Warrants
CPAAW
– –
-284,916
Closed -$14.2K
ARBG
599
DELISTED
Aequi Acquisition Corp
ARBG
– –
-101,082
Closed -$1.04M
GENQ
600
DELISTED
Genesis Unicorn Capital Corp. Class A Common Stock
GENQ
– –
-187,688
Closed -$2.02M
22 23
24
25 26

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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.