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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
-0.83%
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
$2B
AUM Growth
-$62.8M
Cap. Flow
-$47.2M
Cap. Flow %
-2.36%
Top 10 Hldgs %
32.7%
Holding
748
New
109
Increased
106
Reduced
70
Closed
163

Top Buys

Rank Stock Value
1
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$17.9M
2
BYNO
byNordic Acquisition Corporation Class A Common Stock
BYNO
+$15.6M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.2M
4
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$12.8M
5
BENF icon
Beneficient
BENF
+$12.1M

Top Sells

Rank Stock Value
1
BACA
Berenson Acquisition Corp. I
BACA
+$19.3M
2
NHIC
NewHold Investment Corp. II Class A Common Stock
NHIC
+$17.6M
3
BYNOU
byNordic Acquisition Corporation Units
BYNOU
+$15.4M
4
CVII
Churchill Capital Corp VII Class A Common Stock
CVII
+$14.9M
5
FSK icon
FS KKR Capital
FSK
+$12.8M

Sector Composition

Rank Sector Weight
1 Financials 12.83%
2 Healthcare 1.18%
3 Industrials 1.08%
4 Technology 1.01%
5 Consumer Discretionary 0.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PMX
51
DELISTED
PIMCO Municipal Income Fund III
PMX
$8.58M 0.43%
1,066,114
+535,449
+101% +$4.29M
MHI
52
DELISTED
Pioneer Municipal High Income Fund
MHI
$8.52M 0.43%
999,405
-108,416
-10% -$933K
PML
53
PIMCO Municipal Income Fund II
PML
$491M
$8.5M 0.42%
940,811
+600,058
+176% +$5.45M
PFN
54
PIMCO Income Strategy Fund II
PFN
$707M
$8.41M 0.42%
1,166,284
+89,223
+8% +$630K
BFZ
55
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$8.26M 0.41%
696,799
-435,002
-38% -$5.12M
MUE
56
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$8.2M 0.41%
844,746
+281,677
+50% +$2.75M
BENF icon
57
Beneficient
BENF
$40.6M
$8.02M 0.4%
+3,880
New +$12.1M
SDHY
58
PGIM Short Duration High Yield Opportunities Fund
SDHY
$402M
$8.01M 0.4%
537,628
-167,955
-24% -$2.48M
GHIX
59
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$7.75M 0.39%
746,442
+168,687
+29% +$1.72M
VKI icon
60
Invesco Advantage Municipal Income Trust II
VKI
$399M
$7.64M 0.38%
909,001
+236,012
+35% +$2M
AACT.U
61
DELISTED
Ares Acquisition Corp II Units
AACT.U
$7.61M 0.38%
+738,966
New +$7.51M
AAC
62
DELISTED
Ares Acquisition Corporation
AAC
$7.52M 0.38%
711,306
-738
-0.1% -$7.7K
VKQ icon
63
Invesco Municipal Trust
VKQ
$547M
$7.45M 0.37%
790,303
+227,460
+40% +$2.16M
CCTS
64
DELISTED
Cactus Acquisition Corp. 1 Limited Class A Ordinary Share
CCTS
$7.41M 0.37%
700,000
+450,002
+180% +$4.72M
PORT
65
DELISTED
Southport Acquisition Corporation
PORT
$7.38M 0.37%
+705,036
New +$7.36M
BGH
66
Barings Global Short Duration High Yield Fund
BGH
$287M
$7.36M 0.37%
564,589
-20,674
-4% -$270K
GUG
67
Guggenheim Active Allocation Fund
GUG
$508M
$6.96M 0.35%
487,592
-313,139
-39% -$4.37M
MQT
68
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$6.82M 0.34%
678,316
+352,190
+108% +$3.56M
MUA icon
69
BlackRock MuniAssets Fund
MUA
$519M
$6.75M 0.34%
658,204
+360,133
+121% +$3.7M
DSM
70
BNY Mellon Strategic Municipal Bond Fund
DSM
$291M
$6.65M 0.33%
1,166,160
+643,547
+123% +$3.68M
BWG
71
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$131M
$6.34M 0.32%
789,065
+24,726
+3% +$195K
PCK
72
DELISTED
Pimco California Municipal Income Fund II
PCK
$6.32M 0.32%
1,062,768
+218,022
+26% +$1.31M
KMF
73
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$6.14M 0.31%
865,120
+307,969
+55% +$2.22M
MAV
74
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$5.97M 0.3%
755,090
+43,273
+6% +$344K
PCQ
75
Pimco California Municipal Income Fund
PCQ
$168M
$5.93M 0.3%
604,762
+127,600
+27% +$1.26M
1 2
3
4 5

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Rivernorth Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Rivernorth Capital Management held 748 positions worth $2B, down 3% from $2.07B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Rivernorth Capital Management's Q2 2023 filing shows 109 new, 106 increased, 70 reduced and 163 closed positions. Its largest new stake was byNordic Acquisition Corporation Class A Common Stock: 1,485,000 shares worth $15.7M. The largest sale was Berenson Acquisition Corp. I, an estimated $19.3M.

By sector, the portfolio is most concentrated in Financials at 13% of assets, down from 17% a quarter earlier, followed by Healthcare and Industrials.

  • Rivernorth Capital Management's largest Q2 2023 buy was byNordic Acquisition Corporation Class A Common Stock: 1,485,000 shares worth $15.7M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Municipal Credit Income Fund in Q2 2023, an estimated $17.9M increase.
  • Rivernorth Capital Management's biggest Q2 2023 reduction was Berenson Acquisition Corp. I, cutting an estimated $19.3M.
  • Rivernorth Capital Management fully exited NewHold Investment Corp. II Class A Common Stock in Q2 2023, selling an estimated $17.6M.
  • Rivernorth Capital Management's ten largest holdings make up 33% of its $2B portfolio in Q2 2023.
  • Rivernorth Capital Management opened 109 new positions and closed 163 in Q2 2023.
  • Rivernorth Capital Management's portfolio value fell 3% quarter-over-quarter to $2B.

Based on Rivernorth Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.