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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
NIRWW
676
DELISTED
Near Intelligence, Inc. Warrant
NIRWW
$1.35K ﹤0.01%
14,999
– –
LVRAW
677
DELISTED
Levere Holdings Corp. Warrant
LVRAW
$1.33K ﹤0.01%
33,332
– –
ONYXW
678
DELISTED
Onyx Acquisition Co. I Warrant
ONYXW
$1.3K ﹤0.01%
32,500
– –
MAQCW
679
DELISTED
Maquia Capital Acquisition Corporation Warrant
MAQCW
$1.28K ﹤0.01%
31,976
– –
PICC.WS
680
DELISTED
Pivotal Investment Corporation III Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share
PICC.WS
$1.26K ﹤0.01%
+15,815
New +$405
CCTSW
681
DELISTED
Cactus Acquisition Corp. 1 Limited Warrant
CCTSW
$1.25K ﹤0.01%
124,999
– –
WAVC.WS
682
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
$1.25K ﹤0.01%
24,999
– –
EOCW.WS
683
DELISTED
Elliott Opportunity II Corp. Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
EOCW.WS
$1.25K ﹤0.01%
24,999
– –
ZCARW
684
DELISTED
Zoomcar Holdings, Inc. Warrants
ZCARW
$1.13K ﹤0.01%
37,499
– –
CRECW
685
DELISTED
Crescera Capital Acquisition Corp Warrant
CRECW
$1.13K ﹤0.01%
37,499
– –
SCOBW
686
DELISTED
ScION Tech Growth II Warrants
SCOBW
$1.11K ﹤0.01%
55,518
– –
MNTN.WS
687
DELISTED
Everest Consolidator Acquisition Corporation Warrants, each whole warrant exercisable for one share of Class A Common Stock, at an exercise price of $11.50
MNTN.WS
$1.1K ﹤0.01%
54,999
– –
TETCW
688
DELISTED
Tech and Energy Transition Corporation Warrant
TETCW
$1.02K ﹤0.01%
34,128
– –
CEROW
689
DELISTED
CERo Therapeutics Warrants
CEROW
$1K ﹤0.01%
24,998
– –
HCMAW
690
DELISTED
HCM Acquisition Corp Warrant
HCMAW
$1K ﹤0.01%
+50,000
New +$1.5K
NCACW
691
DELISTED
Newcourt Acquisition Corp Warrant
NCACW
$1K ﹤0.01%
49,999
– –
NOGNW
692
DELISTED
Nogin, Inc. Warrant
NOGNW
$1K ﹤0.01%
50,000
– –
CRZNW
693
DELISTED
Corazon Capital V838 Monoceros Corp Warrant
CRZNW
$800 ﹤0.01%
26,670
– –
XBPEW
694
XBP Europe Holdings Warrant
XBPEW
$750 ﹤0.01%
24,999
– –
XFINW
695
DELISTED
ExcelFin Acquisition Corp Warrant
XFINW
$750 ﹤0.01%
24,999
– –
CXAIW icon
696
CXApp Inc Warrant
CXAIW
$1.01M
$731 ﹤0.01%
24,353
– –
RBT.WS
697
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
$720 ﹤0.01%
14,400
-10,600
-42% -$888
BNAIW
698
Brand Engagement Network Warrant
BNAIW
$2.02M
$667 ﹤0.01%
33,332
– –
TRONW
699
DELISTED
Corner Growth Acquisition Corp. 2 Warrants
TRONW
$667 ﹤0.01%
66,666
– –
AEON.WS
700
DELISTED
AEON Biopharma Inc
AEON.WS
$667 ﹤0.01%
13,332
– –
26 27
28
29 30

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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.