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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
-1.01%
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
$2.47B
AUM Growth
+$588M
Cap. Flow
+$500M
Cap. Flow %
20.19%
Top 10 Hldgs %
24.56%
Holding
830
New
261
Increased
95
Reduced
55
Closed
112

Top Buys

Rank Stock Value
1
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$80.9M
2
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$59.5M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$51.9M
4
PTA icon
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
+$45.7M
5
PDI icon
PIMCO Dynamic Income Fund
PDI
+$45.3M

Top Sells

Rank Stock Value
1
PXH icon
Invesco FTSE RAFI Emerging Markets ETF
PXH
+$43.9M
2
VTA
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
+$32.4M
3
GPM
Guggenheim Enhanced Equity Income Fund
GPM
+$30.1M
4
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$25.4M
5
BACA.U
Berenson Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
BACA.U
+$24.4M

Sector Composition

Rank Sector Weight
1 Financials 18.77%
2 Technology 1.7%
3 Healthcare 1.36%
4 Industrials 1.31%
5 Consumer Discretionary 0.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KTF
51
DWS Municipal Income Trust
KTF
$352M
$13.7M 0.55%
1,158,072
-5,114
-0.4% -$60.7K
KMF
52
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$13.6M 0.55%
1,895,583
+438,261
+30% +$3.25M
CVII
53
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
$13M 0.52%
1,318,790
+430,000
+48% +$4.21M
MCI
54
Barings Corporate Investors
MCI
$341M
$12.5M 0.51%
784,219
+123,556
+19% +$1.97M
TBLD
55
Thornburg Income Builder Opportunities Trust
TBLD
$719M
$12.2M 0.49%
+652,322
New +$12.6M
CEF icon
56
Sprott Physical Gold and Silver Trust
CEF
$8.3B
$11.9M 0.48%
671,263
+9,395
+1% +$167K
CCVI
57
DELISTED
Churchill Capital Corp VI
CCVI
$11.7M 0.47%
1,193,790
+650,000
+120% +$6.4M
HIE
58
DELISTED
Miller/Howard High Income Equity Fund
HIE
$11.1M 0.45%
1,078,252
-759,623
-41% -$7.75M
CPZ
59
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$268M
$11.1M 0.45%
570,273
-27,728
-5% -$557K
KAHC
60
DELISTED
KKR Acquisition Holdings I Corp.
KAHC
$10.8M 0.43%
1,104,152
+518,000
+88% +$5.07M
HFRO
61
Highland Opportunities and Income Fund
HFRO
$407M
$10.7M 0.43%
969,893
-28,352
-3% -$316K
NCV
62
Virtus Convertible & Income Fund
NCV
$391M
$10.6M 0.43%
+455,204
New +$10.9M
MHI
63
DELISTED
Pioneer Municipal High Income Fund
MHI
$10.4M 0.42%
848,317
+83,676
+11% +$1.01M
AFB
64
AllianceBernstein National Municipal Income Fund
AFB
$316M
$10.4M 0.42%
699,947
-43,600
-6% -$649K
TYG
65
Tortoise Energy Infrastructure Corp
TYG
$1.08B
$10.3M 0.41%
374,833
-15,181
-4% -$437K
ISD
66
PGIM High Yield Bond Fund
ISD
$419M
$10.2M 0.41%
635,124
+69,105
+12% +$1.12M
MYC
67
DELISTED
Blackrock Muni Yield California Fund, Inc.
MYC
$10.1M 0.41%
674,245
+36,473
+6% +$554K
MFM
68
Aberdeen Municipal Income Fund
MFM
$222M
$10.1M 0.41%
1,443,862
+248,699
+21% +$1.73M
MFL
69
DELISTED
BLACKROCK MUNIHOLDINGS INVESTMENT QUALITY FUND
MFL
$9.64M 0.39%
648,640
+149,460
+30% +$2.17M
MPV
70
Barings Participation Investors
MPV
$176M
$9.62M 0.39%
649,976
+146,677
+29% +$2.09M
APGB
71
DELISTED
Apollo Strategic Growth Capital II
APGB
$9.54M 0.39%
975,000
+775,000
+388% +$7.58M
IXAQ
72
DELISTED
IX Acquisition Corp. Class A Ordinary Share
IXAQ
$9.51M 0.38%
+980,000
New +$9.54M
FCRD
73
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
$9.13M 0.37%
2,041,532
+27,627
+1% +$129K
EMO
74
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.04B
$8.85M 0.36%
410,658
-66,492
-14% -$1.53M
BTT icon
75
BlackRock Municipal 2030 Target Term Trust
BTT
$1.44B
$8.81M 0.36%
339,833
-12,523
-4% -$321K
1 2
3
4 5

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Rivernorth Capital Management's Q4 2021 Portfolio in Review

As of Q4 2021, Rivernorth Capital Management held 830 positions worth $2.47B, up 31% from $1.89B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Rivernorth Capital Management deployed $500M of net new capital in Q4 2021, opening 261 new positions and adding to 95 existing holdings. Its largest new stake was PIMCO Dynamic Income Fund: 1,732,468 shares worth $44.9M.

By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 13% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Invesco FTSE RAFI Emerging Markets ETF, an estimated $43.9M trimmed.

  • Rivernorth Capital Management's largest Q4 2021 buy was PIMCO Dynamic Income Fund: 1,732,468 shares worth $44.9M.
  • Rivernorth Capital Management added most to BlackRock Capital Allocation Term Trust in Q4 2021, an estimated $80.9M increase.
  • Rivernorth Capital Management's biggest Q4 2021 reduction was Invesco FTSE RAFI Emerging Markets ETF, cutting an estimated $43.9M.
  • Rivernorth Capital Management fully exited INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND in Q4 2021, selling an estimated $32.4M.
  • Rivernorth Capital Management's ten largest holdings make up 25% of its $2.47B portfolio in Q4 2021.
  • Rivernorth Capital Management opened 261 new positions and closed 112 in Q4 2021.
  • Rivernorth Capital Management's portfolio value rose 31% quarter-over-quarter to $2.47B.

Based on Rivernorth Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.