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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
-4.74%
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
$2.23B
AUM Growth
-$240M
Cap. Flow
-$153M
Cap. Flow %
-6.87%
Top 10 Hldgs %
22.33%
Holding
940
New
121
Increased
146
Reduced
85
Closed
68

Top Buys

Rank Stock Value
1
ZTR
Virtus Total Return Fund
ZTR
+$22.4M
2
PAXS
PIMCO Access Income Fund
PAXS
+$16M
3
VVR icon
Invesco Senior Income Trust
VVR
+$9.57M
4
BFK
BlackRock Municipal Income Trust
BFK
+$9.31M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$7.54M

Top Sells

Rank Stock Value
1
PSTH
Pershing Square Tontine Holdings, Ltd.
PSTH
+$41.6M
2
CLM icon
Cornerstone Strategic Value Fund
CLM
+$33.6M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$32.8M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.1M
5
PTA icon
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
+$24.8M

Sector Composition

Rank Sector Weight
1 Financials 27.26%
2 Healthcare 1.37%
3 Technology 1.26%
4 Industrials 0.95%
5 Communication Services 0.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FTF
51
Franklin Limited Duration Income Trust
FTF
$236M
$9.61M 0.43%
1,554,947
-191,076
-11% -$1.29M
MVF
52
DELISTED
BlackRock MuniVest Fund
MVF
$9.5M 0.43%
1,430,654
-480,889
-25% -$3.55M
ASZ
53
DELISTED
Austerlitz Acquisition Corporation II
ASZ
$9.26M 0.42%
944,117
+252,542
+37% +$2.47M
KAHC
54
DELISTED
KKR Acquisition Holdings I Corp.
KAHC
$9.22M 0.41%
936,639
+336,903
+56% +$3.31M
FVT
55
DELISTED
Fortress Value Acquisition Corp. III
FVT
$9.05M 0.41%
914,232
+472,527
+107% +$4.67M
CVII
56
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
$9.04M 0.41%
920,098
+351,907
+62% +$3.45M
AUS
57
DELISTED
Austerlitz Acquisition Corporation I
AUS
$8.8M 0.39%
896,609
+201,909
+29% +$1.98M
ISD
58
PGIM High Yield Bond Fund
ISD
$417M
$8.54M 0.38%
740,171
-10,200
-1% -$129K
BFK
59
DELISTED
BlackRock Municipal Income Trust
BFK
$8.38M 0.38%
879,774
+863,379
+5,266% +$9.31M
BTX
60
BlackRock Technology and Private Equity Term Trust
BTX
$998M
$8.13M 0.36%
1,138,684
-1,442,245
-56% -$12.1M
AFB
61
AllianceBernstein National Municipal Income Fund
AFB
$315M
$8.12M 0.36%
783,650
+22,001
+3% +$254K
BMEZ icon
62
BlackRock Health Sciences Trust II
BMEZ
$1.01B
$7.99M 0.36%
535,825
+415,299
+345% +$6.87M
GUG
63
Guggenheim Active Allocation Fund
GUG
$511M
$7.87M 0.35%
613,038
-160,483
-21% -$2.36M
AVAC
64
DELISTED
Avalon Acquisition Inc. Class A Common Stock
AVAC
$7.51M 0.34%
749,992
– –
RCACU
65
DELISTED
Revelstone Capital Acquisition Corp. Unit
RCACU
$7.47M 0.34%
750,000
– –
EDD
66
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$382M
$7.35M 0.33%
1,827,896
– –
BGH
67
Barings Global Short Duration High Yield Fund
BGH
$286M
$7.33M 0.33%
599,771
– –
BTZ icon
68
BlackRock Credit Allocation Income Trust
BTZ
$958M
$7.3M 0.33%
764,940
-493,060
-39% -$5.41M
NBXG
69
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.21B
$7.18M 0.32%
764,218
-111,418
-13% -$1.18M
SVFA
70
DELISTED
SVF Investment Corp. Class A Ordinary Shares
SVFA
$7.09M 0.32%
712,123
+235,061
+49% +$2.33M
GSEV
71
DELISTED
Gores Holdings VII, Inc. Class A Common Stock
GSEV
$6.56M 0.29%
665,659
+250,634
+60% +$2.46M
FVIV
72
DELISTED
Fortress Value Acquisition Corp. IV
FVIV
$6.55M 0.29%
665,530
+107,540
+19% +$1.06M
SCRMU
73
DELISTED
Screaming Eagle Acquisition Corp. Unit
SCRMU
$6.48M 0.29%
662,843
– –
INTE
74
DELISTED
Integral Acquisition Corporation 1 Class A Common Stock
INTE
$6.43M 0.29%
649,998
– –
IPOD
75
DELISTED
Social Capital Hedosophia Holdings Corp. IV
IPOD
$6.28M 0.28%
627,495
+1,562
+0.2% +$15.6K
1 2
3
4 5

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Rivernorth Capital Management's Q3 2022 Portfolio in Review

As of Q3 2022, Rivernorth Capital Management held 940 positions worth $2.23B, down 9.7% from $2.47B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Rivernorth Capital Management withdrew a net $153M in Q3 2022, closing 68 positions and reducing 85 holdings. Its most notable exit was Pershing Square Tontine Holdings, Ltd., an estimated $41.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 22% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Virtus Total Return Fund worth $17.8M.

  • Rivernorth Capital Management's largest Q3 2022 buy was Virtus Total Return Fund: 2,860,573 shares worth $17.8M.
  • Rivernorth Capital Management added most to PIMCO Access Income Fund in Q3 2022, an estimated $16M increase.
  • Rivernorth Capital Management's biggest Q3 2022 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $32.8M.
  • Rivernorth Capital Management fully exited Pershing Square Tontine Holdings, Ltd. in Q3 2022, selling an estimated $41.6M.
  • Rivernorth Capital Management's ten largest holdings make up 22% of its $2.23B portfolio in Q3 2022.
  • Rivernorth Capital Management opened 121 new positions and closed 68 in Q3 2022.
  • Rivernorth Capital Management's portfolio value fell 9.7% quarter-over-quarter to $2.23B.

Based on Rivernorth Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.