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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
+9.45%
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
$2.09B
AUM Growth
+$159M
Cap. Flow
-$8M
Cap. Flow %
-0.38%
Top 10 Hldgs %
31.09%
Holding
587
New
43
Increased
68
Reduced
80
Closed
98

Top Buys

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$50.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$21.8M
3
MYD
BlackRock MuniYield Fund
MYD
+$19.7M
4
NUV icon
Nuveen Municipal Value Fund
NUV
+$13.2M
5
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$12.5M

Top Sells

Rank Stock Value
1
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$42M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$28.5M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$23.2M
4
ZTR
Virtus Total Return Fund
ZTR
+$18M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$17.3M

Sector Composition

Rank Sector Weight
1 Financials 10.43%
2 Technology 0.93%
3 Healthcare 0.8%
4 Industrials 0.53%
5 Consumer Discretionary 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AFB
51
AllianceBernstein National Municipal Income Fund
AFB
$315M
$10.4M 0.5%
958,455
+27,477
+3% +$273K
MPV
52
Barings Participation Investors
MPV
$175M
$9.75M 0.47%
624,910
-49,376
-7% -$689K
BYM
53
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$9.74M 0.47%
868,966
+136,864
+19% +$1.42M
SCRM
54
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
$9.35M 0.45%
882,332
-22,929
-3% -$241K
NBH
55
Neuberger Municipal Fund Inc
NBH
$302M
$8.84M 0.42%
853,980
+329,023
+63% +$3.16M
KYN icon
56
Kayne Anderson Energy Infrastructure Fund
KYN
$2.49B
$8.5M 0.41%
+967,569
New +$8.09M
NPFD icon
57
Nuveen Variable Rate Preferred & Income Fund
NPFD
$450M
$8.21M 0.39%
505,406
+217,249
+75% +$3.39M
MHN
58
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$8.17M 0.39%
777,770
+506,303
+187% +$4.89M
BYNO
59
DELISTED
byNordic Acquisition Corporation Class A Common Stock
BYNO
$8.13M 0.39%
742,500
– –
FLD
60
Fold Holdings
FLD
$23.1M
$7.91M 0.38%
750,000
– –
HCVI
61
DELISTED
Hennessy Capital Investment Corp. VI Class A Common Stock
HCVI
$7.84M 0.38%
750,000
-64,065
-8% -$666K
PDO
62
PIMCO Dynamic Income Opportunities Fund
PDO
$1.86B
$7.76M 0.37%
634,202
-88,729
-12% -$1.04M
CCTS
63
DELISTED
Cactus Acquisition Corp. 1 Limited Class A Ordinary Share
CCTS
$7.65M 0.37%
700,000
– –
DSM
64
BNY Mellon Strategic Municipal Bond Fund
DSM
$290M
$7.52M 0.36%
1,316,231
+94,563
+8% +$494K
PORT
65
DELISTED
Southport Acquisition Corporation
PORT
$7.45M 0.36%
700,000
– –
BGH
66
Barings Global Short Duration High Yield Fund
BGH
$286M
$7.22M 0.35%
537,361
-1,881
-0.3% -$24.1K
SDHY
67
PGIM Short Duration High Yield Opportunities Fund
SDHY
$402M
$7.2M 0.35%
480,234
+6,568
+1% +$95.5K
NUW icon
68
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
$7.02M 0.34%
515,115
+103,665
+25% +$1.36M
CPZ
69
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$268M
$6.95M 0.33%
481,200
+99,204
+26% +$1.42M
MAV
70
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$6.85M 0.33%
854,567
+7,400
+0.9% +$53.2K
NPCT icon
71
Nuveen Core Plus Impact Fund
NPCT
$282M
$6.85M 0.33%
679,903
-220,119
-24% -$2.09M
IIM icon
72
Invesco Value Municipal Income Trust
IIM
$596M
$6.67M 0.32%
568,595
+476,510
+517% +$5.22M
GHY
73
PGIM Global High Yield Fund
GHY
$482M
$6.33M 0.3%
556,989
-70,959
-11% -$773K
MHF
74
Western Asset Municipal High Income Fund
MHF
$154M
$6.24M 0.3%
972,334
-5,139
-0.5% -$32K
EVM
75
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$5.56M 0.27%
607,399
+142,905
+31% +$1.21M
1 2
3
4 5

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Rivernorth Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Rivernorth Capital Management held 587 positions worth $2.09B, up 8.3% from $1.93B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management's Q4 2023 filing shows 43 new, 68 increased, 80 reduced and 98 closed positions. Its largest new stake was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M. The largest sale was Nuveen Preferred & Income Securities Fund, an estimated $42M.

By sector, the portfolio is most concentrated in Financials at 10% of assets, down from 12% a quarter earlier, followed by Technology and Healthcare.

  • Rivernorth Capital Management's largest Q4 2023 buy was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M.
  • Rivernorth Capital Management added most to Nuveen Preferred & Income Opportunities Fund in Q4 2023, an estimated $50.4M increase.
  • Rivernorth Capital Management's biggest Q4 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $28.5M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q4 2023, selling an estimated $42M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.09B portfolio in Q4 2023.
  • Rivernorth Capital Management opened 43 new positions and closed 98 in Q4 2023.
  • Rivernorth Capital Management's portfolio value rose 8.3% quarter-over-quarter to $2.09B.

Based on Rivernorth Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.