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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
MPV
51
Barings Participation Investors
MPV
$176M
$9.76M 0.47%
761,691
-176,733
-19% -$2.29M
GHY
52
PGIM Global High Yield Fund
GHY
$482M
$9.67M 0.47%
881,898
-220,127
-20% -$2.5M
BGB
53
Blackstone Strategic Credit 2027 Term Fund
BGB
$507M
$9.53M 0.46%
894,698
-17,149
-2% -$187K
AFB
54
AllianceBernstein National Municipal Income Fund
AFB
$315M
$9.43M 0.46%
861,169
+26,561
+3% +$286K
MVF
55
DELISTED
BlackRock MuniVest Fund
MVF
$9.36M 0.45%
1,352,382
+550,036
+69% +$3.83M
HCNE
56
DELISTED
Jaws Hurricane Acquisition Corp. Class A Common Stock
HCNE
$9.18M 0.44%
902,773
+85,096
+10% +$858K
MUI
57
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$9.1M 0.44%
778,976
+57,803
+8% +$671K
CCVI
58
DELISTED
Churchill Capital Corp VI
CCVI
$8.9M 0.43%
880,053
+396,295
+82% +$3.98M
ISD
59
PGIM High Yield Bond Fund
ISD
$418M
$8.22M 0.4%
674,024
-72,005
-10% -$897K
AVAC
60
DELISTED
Avalon Acquisition Inc. Class A Common Stock
AVAC
$7.81M 0.38%
749,992
– –
PFN
61
PIMCO Income Strategy Fund II
PFN
$707M
$7.72M 0.37%
+1,077,061
New +$8.05M
RCACU
62
DELISTED
Revelstone Capital Acquisition Corp. Unit
RCACU
$7.71M 0.37%
750,000
– –
BGH
63
Barings Global Short Duration High Yield Fund
BGH
$286M
$7.55M 0.37%
585,263
-14,508
-2% -$193K
AAC
64
DELISTED
Ares Acquisition Corporation
AAC
$7.35M 0.36%
712,044
+95,654
+16% +$977K
NPCT icon
65
Nuveen Core Plus Impact Fund
NPCT
$283M
$7.04M 0.34%
689,205
-627,219
-48% -$6.82M
SCRM
66
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
$6.87M 0.33%
676,416
+662,832
+4,880% +$6.67M
INTE
67
DELISTED
Integral Acquisition Corporation 1 Class A Common Stock
INTE
$6.68M 0.32%
649,998
– –
MVT
68
DELISTED
BlackRock MuniVest Fund II
MVT
$6.45M 0.31%
599,684
+4,791
+0.8% +$51.9K
BWG
69
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$131M
$6.08M 0.29%
764,339
-801,950
-51% -$6.59M
VKI icon
70
Invesco Advantage Municipal Income Trust II
VKI
$398M
$6M 0.29%
672,989
+148,773
+28% +$1.3M
NCA icon
71
Nuveen California Municipal Value Fund
NCA
$304M
$5.94M 0.29%
673,862
-142,623
-17% -$1.25M
MAV
72
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$5.86M 0.28%
711,817
+107,839
+18% +$892K
GHIX
73
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$5.82M 0.28%
+577,755
New +$5.78M
JPC icon
74
Nuveen Preferred & Income Opportunities Fund
JPC
$2.91B
$5.79M 0.28%
+879,730
New +$6.43M
NPWR icon
75
NET Power
NPWR
$143M
$5.68M 0.28%
554,558
+433,052
+356% +$4.43M
1 2
3
4 5

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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.