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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
MPV
51
Barings Participation Investors
MPV
$176M
$11.6M 0.52%
938,424
+35,248
+4% +$425K
GUG
52
Guggenheim Active Allocation Fund
GUG
$510M
$9.99M 0.45%
743,098
+130,060
+21% +$1.79M
IXAQ
53
DELISTED
IX Acquisition Corp. Class A Ordinary Share
IXAQ
$9.94M 0.45%
980,000
– –
CVII
54
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
$9.79M 0.44%
981,934
+61,836
+7% +$615K
NPFD icon
55
Nuveen Variable Rate Preferred & Income Fund
NPFD
$452M
$9.76M 0.44%
556,063
+505,330
+996% +$8.81M
BGB
56
Blackstone Strategic Credit 2027 Term Fund
BGB
$507M
$9.65M 0.43%
911,847
-13,082
-1% -$140K
FTF
57
Franklin Limited Duration Income Trust
FTF
$236M
$9.28M 0.42%
1,493,948
-60,999
-4% -$380K
PCEF icon
58
Invesco CEF Income Composite ETF
PCEF
$817M
$9.13M 0.41%
+503,783
New +$9.2M
VMO icon
59
Invesco Municipal Opportunity Trust
VMO
$663M
$8.92M 0.4%
899,799
+381,110
+73% +$3.54M
ISD
60
PGIM High Yield Bond Fund
ISD
$418M
$8.86M 0.4%
746,029
+5,858
+0.8% +$70.6K
AFB
61
AllianceBernstein National Municipal Income Fund
AFB
$315M
$8.75M 0.39%
834,608
+50,958
+7% +$532K
MUI
62
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$8.17M 0.37%
721,173
-1,380,283
-66% -$15.2M
HCNE
63
DELISTED
Jaws Hurricane Acquisition Corp. Class A Common Stock
HCNE
$8.15M 0.37%
817,677
+192,885
+31% +$1.9M
MUA icon
64
BlackRock MuniAssets Fund
MUA
$518M
$7.97M 0.36%
+736,655
New +$7.52M
EDD
65
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$382M
$7.92M 0.36%
1,801,105
-26,791
-1% -$113K
AVAC
66
DELISTED
Avalon Acquisition Inc. Class A Common Stock
AVAC
$7.69M 0.35%
749,992
– –
BGH
67
Barings Global Short Duration High Yield Fund
BGH
$286M
$7.61M 0.34%
599,771
– –
RCACU
68
DELISTED
Revelstone Capital Acquisition Corp. Unit
RCACU
$7.49M 0.34%
750,000
– –
SVFA
69
DELISTED
SVF Investment Corp. Class A Ordinary Shares
SVFA
$7.26M 0.33%
718,428
+6,305
+0.9% +$63.2K
IVH
70
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
$7.17M 0.32%
654,605
+534,090
+443% +$5.66M
NCA icon
71
Nuveen California Municipal Value Fund
NCA
$304M
$6.9M 0.31%
816,485
+251,259
+44% +$2.11M
SCRMU
72
DELISTED
Screaming Eagle Acquisition Corp. Unit
SCRMU
$6.64M 0.3%
662,843
– –
INTE
73
DELISTED
Integral Acquisition Corporation 1 Class A Common Stock
INTE
$6.57M 0.3%
649,998
– –
PHK
74
PIMCO High Income Fund
PHK
$875M
$6.27M 0.28%
1,325,412
+336,323
+34% +$1.62M
MVT
75
DELISTED
BlackRock MuniVest Fund II
MVT
$6.22M 0.28%
594,893
+551,959
+1,286% +$5.67M
1 2
3
4 5

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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.