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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
+1.99%
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
$2.07B
AUM Growth
-$154M
Cap. Flow
-$183M
Cap. Flow %
-8.88%
Top 10 Hldgs %
28.76%
Holding
850
New
133
Increased
85
Reduced
77
Closed
212

Top Buys

Rank Stock Value
1
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$25.5M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$19.8M
3
PDI icon
PIMCO Dynamic Income Fund
PDI
+$17.5M
4
PHK
PIMCO High Income Fund
PHK
+$13M
5
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$11.9M

Top Sells

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$18.2M
3
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$14.6M
4
PEPL
PepperLime Health Acquisition Corporation Class A Ordinary Share
PEPL
+$13.1M
5
JWSM
Jaws Mustang Acquisition Corp.
JWSM
+$12.4M

Sector Composition

Rank Sector Weight
1 Financials 17.27%
2 Industrials 1.55%
3 Technology 1.3%
4 Healthcare 0.84%
5 Consumer Discretionary 0.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCR
651
DELISTED
MFS Charter Income Trust
MCR
– –
-25,000
Closed -$154K
MEGI
652
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$790M
– –
-60,951
Closed -$832K
MFIC icon
653
MidCap Financial Investment
MFIC
$811M
– –
-14,670
Closed -$167K
MMT
654
Aberdeen Multi-Market Income Fund
MMT
$244M
– –
-57,159
Closed -$258K
NQP
655
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
– –
-96,377
Closed -$1.07M
NXP icon
656
Nuveen Select Tax-Free Income Portfolio
NXP
$904M
– –
-34,130
Closed -$475K
PCEF icon
657
Invesco CEF Income Composite ETF
PCEF
$823M
– –
-503,783
Closed -$9.13M
PSF icon
658
Cohen & Steers Select Preferred & Income Fund
PSF
$235M
– –
-41,977
Closed -$786K
PTA icon
659
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
$1.05B
– –
-686,730
Closed -$12.1M
SCLXW icon
660
Scilex Holding Co Warrant
SCLXW
$2.3M
– –
-121,291
Closed -$23K
SLND icon
661
Southland Holdings
SLND
$29.1M
– –
-299,998
Closed -$3.04M
SOUNW icon
662
SoundHound AI Warrant
SOUNW
$642M
– –
-49,904
Closed -$7.49K
TEI
663
Templeton Emerging Markets Income Fund
TEI
$321M
– –
-626,391
Closed -$3.44M
VLT icon
664
Invesco High Income Trust II
VLT
$65.9M
– –
-31,001
Closed -$318K
VVR icon
665
Invesco Senior Income Trust
VVR
$459M
– –
-509,814
Closed -$1.95M
WIA
666
Western Asset Inflation-Linked Income Fund
WIA
$187M
– –
-49,695
Closed -$428K
BRLS icon
667
Borealis Foods
BRLS
$17.2M
– –
-100,000
Closed -$1.03M
SOC icon
668
Sable Offshore Corp
SOC
$773M
– –
-24,998
Closed -$251K
BNAI
669
Brand Engagement Network
BNAI
$109M
– –
-10,000
Closed -$1.01M
BTX
670
BlackRock Technology and Private Equity Term Trust
BTX
$1.06B
– –
-478,122
Closed -$3.26M
BSLK
671
DELISTED
Bolt Projects Holdings
BSLK
– –
-5,945
Closed -$1.19M
BNIX
672
DELISTED
Bannix Acquisition Corp. Common Stock
BNIX
– –
-175,000
Closed -$1.78M
FTIIU
673
DELISTED
FutureTech II Acquisition Corp. Unit
FTIIU
– –
-125,000
Closed -$1.28M
RFACU
674
DELISTED
RF Acquisition Corp. Unit
RFACU
– –
-350,000
Closed -$3.59M
BRACU
675
DELISTED
Broad Capital Acquisition Corp Unit
BRACU
– –
-350,000
Closed -$3.58M
25 26
27
28 29

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Rivernorth Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Rivernorth Capital Management held 850 positions worth $2.07B, down 7% from $2.22B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $183M in Q1 2023, closing 212 positions and reducing 77 holdings. Its most notable exit was Jaws Mustang Acquisition Corp., an estimated $12.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 20% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in PIMCO Income Strategy Fund II worth $7.72M.

  • Rivernorth Capital Management's largest Q1 2023 buy was PIMCO Income Strategy Fund II: 1,077,061 shares worth $7.72M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Municipal Credit Income Fund in Q1 2023, an estimated $25.5M increase.
  • Rivernorth Capital Management's biggest Q1 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $29.7M.
  • Rivernorth Capital Management fully exited Jaws Mustang Acquisition Corp. in Q1 2023, selling an estimated $12.4M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $2.07B portfolio in Q1 2023.
  • Rivernorth Capital Management opened 133 new positions and closed 212 in Q1 2023.
  • Rivernorth Capital Management's portfolio value fell 7% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2023, filed 15 May 2023.