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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
LCA
701
DELISTED
Landcadia Holdings IV, Inc. Class A Common Stock
LCA
– –
-100,000
Closed -$1M
NRAC
702
DELISTED
Northern Revival Acquisition Corporation Class A Ordinary Share
NRAC
– –
-145,017
Closed -$1.46M
LGSTU
703
DELISTED
Semper Paratus Acquisition Corporation Unit
LGSTU
– –
-25,000
Closed -$270K
NCAC
704
DELISTED
Newcourt Acquisition Corp Class A Ordinary Share
NCAC
– –
-99,998
Closed -$1.03M
GSD
705
DELISTED
Global Systems Dynamics Inc. Class A Common Stock
GSD
– –
-200,000
Closed -$2.07M
ATAKU
706
DELISTED
Aurora Technology Acquisition Corp. Unit
ATAKU
– –
-325,000
Closed -$3.39M
CSTA.U
707
DELISTED
Constellation Acquisition Corp I Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CSTA.U
– –
-55,140
Closed -$557K
FSRXU
708
DELISTED
FinServ Acquisition Corp. II Unit
FSRXU
– –
-229,376
Closed -$2.3M
CCVI.U
709
DELISTED
Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant
CCVI.U
– –
-374,244
Closed -$3.74M
APGB.U
710
DELISTED
Apollo Strategic Growth Capital II Units, each consisting of one Class A ordinary share, and one-fifth of one warrant
APGB.U
– –
-125,000
Closed -$1.25M
FDEU
711
DELISTED
First Trust Dynamic Europe Equity Income Fund
FDEU
– –
-21,886
Closed -$247K
SHUAU
712
DELISTED
SHUAA Partners Acquisition Corp I Unit
SHUAU
– –
-250,000
Closed -$2.75M
ALOR
713
DELISTED
ALSP Orchid Acquisition Corp I
ALOR
– –
-278,716
Closed -$2.86M
PRPC
714
DELISTED
CC Neuberger Principal Holdings III
PRPC
– –
-610,414
Closed -$6.17M
PRPC.U
715
DELISTED
CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
PRPC.U
– –
-48,050
Closed -$485K
AAC.U
716
DELISTED
Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
AAC.U
– –
-203,369
Closed -$2.07M
ITAQU
717
DELISTED
Industrial Tech Acquisitions II, Inc. Unit
ITAQU
– –
-275,000
Closed -$2.8M
CXAC.U
718
DELISTED
C5 Acquisition Corporation Units, each consisting of one share of Class A common stock and one-half of one redeemable public warrant
CXAC.U
– –
-75,000
Closed -$767K
CCV.U
719
DELISTED
Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant
CCV.U
– –
-155,195
Closed -$1.54M
FZT
720
DELISTED
FAST Acquisition Corp. II
FZT
– –
-107,618
Closed -$1.08M
ANZUU
721
DELISTED
Anzu Special Acquisition Corp I Units
ANZUU
– –
-52,649
Closed -$527K
GFGDU
722
DELISTED
The Growth for Good Acquisition Corporation Unit
GFGDU
– –
-150,000
Closed -$1.51M
MURFU
723
DELISTED
Murphy Canyon Acquisition Corp. Unit
MURFU
– –
-200,000
Closed -$2.14M
NSTD
724
DELISTED
Northern Star Investment Corp. IV
NSTD
– –
-110,366
Closed -$1.11M
CCAI
725
DELISTED
Cascadia Acquisition Corp. Class A Common Stock
CCAI
– –
-59,544
Closed -$597K
27 28
29
30 31

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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.