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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
+3.64%
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
-$18.8M
Cap. Flow
-$76.2M
Cap. Flow %
-3.68%
Top 10 Hldgs %
30.81%
Holding
522
New
33
Increased
41
Reduced
115
Closed
59

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$15.6M
2
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$9.29M
3
LEGT.U
Legato Merger Corp III Units
LEGT.U
+$8.06M
4
EAD
Allspring Income Opportunities Fund
EAD
+$7.05M
5
BCX icon
BlackRock Resources & Commodities Strategy Trust
BCX
+$5.41M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$18.2M
2
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$14.2M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$12.5M
4
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$12.5M
5
PAXS
PIMCO Access Income Fund
PAXS
+$8.7M

Sector Composition

Rank Sector Weight
1 Financials 9.07%
2 Technology 0.91%
3 Healthcare 0.64%
4 Industrials 0.4%
5 Materials 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PAXS
51
PIMCO Access Income Fund
PAXS
$676M
$10.8M 0.52%
688,312
-577,085
-46% -$8.7M
AFB
52
AllianceBernstein National Municipal Income Fund
AFB
$315M
$10.5M 0.51%
958,755
+300
+0% +$3.26K
BYM
53
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$10.1M 0.49%
868,966
– –
KYN icon
54
Kayne Anderson Energy Infrastructure Fund
KYN
$2.48B
$10M 0.48%
1,001,907
+34,338
+4% +$310K
MYN icon
55
BlackRock MuniYield New York Quality Fund
MYN
$375M
$9.63M 0.47%
915,709
-142,122
-13% -$1.47M
CPZ
56
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$268M
$8.95M 0.43%
580,181
+98,981
+21% +$1.49M
NBH
57
Neuberger Municipal Fund Inc
NBH
$301M
$8.94M 0.43%
853,980
– –
DSM
58
BNY Mellon Strategic Municipal Bond Fund
DSM
$290M
$8.72M 0.42%
1,487,683
+171,452
+13% +$987K
SBI
59
Western Asset Intermediate Muni Fund
SBI
$108M
$8.43M 0.41%
1,064,076
+488,188
+85% +$3.83M
BYNO
60
DELISTED
byNordic Acquisition Corporation Class A Common Stock
BYNO
$8.24M 0.4%
742,500
– –
MHN
61
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$8.24M 0.4%
777,770
– –
LEGT.U
62
DELISTED
Legato Merger Corp III Units
LEGT.U
$8.1M 0.39%
+798,972
New +$8.06M
CCTS
63
DELISTED
Cactus Acquisition Corp. 1 Limited Class A Ordinary Share
CCTS
$7.77M 0.38%
700,000
– –
PORT
64
DELISTED
Southport Acquisition Corporation
PORT
$7.56M 0.37%
700,000
– –
EAD
65
Allspring Income Opportunities Fund
EAD
$381M
$7.41M 0.36%
1,115,406
+1,062,122
+1,993% +$7.05M
BGH
66
Barings Global Short Duration High Yield Fund
BGH
$285M
$7.4M 0.36%
517,607
-19,754
-4% -$277K
MPV
67
Barings Participation Investors
MPV
$176M
$7.38M 0.36%
457,595
-167,315
-27% -$2.61M
MAV
68
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$7.13M 0.34%
874,767
+20,200
+2% +$163K
NUW icon
69
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
$6.91M 0.33%
512,053
-3,062
-0.6% -$42K
MHF
70
Western Asset Municipal High Income Fund
MHF
$154M
$6.6M 0.32%
972,334
– –
FMN
71
Federated Hermes Premier Municipal Income Fund
FMN
$87M
$6.34M 0.31%
572,867
+128,221
+29% +$1.42M
NPFD icon
72
Nuveen Variable Rate Preferred & Income Fund
NPFD
$452M
$6.29M 0.3%
351,202
-154,204
-31% -$2.66M
GHY
73
PGIM Global High Yield Fund
GHY
$481M
$6.29M 0.3%
525,911
-31,078
-6% -$360K
EVM
74
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$6.18M 0.3%
653,915
+46,516
+8% +$434K
NPCT icon
75
Nuveen Core Plus Impact Fund
NPCT
$283M
$6.01M 0.29%
580,713
-99,190
-15% -$1.02M
1 2
3
4 5

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Rivernorth Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Rivernorth Capital Management held 522 positions worth $2.07B, down 0.9% from $2.09B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $76.2M in Q1 2024, closing 59 positions and reducing 115 holdings. Its most notable exit was Gores Holdings IX, Inc. Class A Common Stock, an estimated $12.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.1% of assets, down from 10% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Rivernorth Capital Management opened a new position in Legato Merger Corp III Units worth $8.1M.

  • Rivernorth Capital Management's largest Q1 2024 buy was Legato Merger Corp III Units: 798,972 shares worth $8.1M.
  • Rivernorth Capital Management added most to Cornerstone Strategic Value Fund in Q1 2024, an estimated $15.6M increase.
  • Rivernorth Capital Management's biggest Q1 2024 reduction was Nuveen Preferred & Income Opportunities Fund, cutting an estimated $18.2M.
  • Rivernorth Capital Management fully exited Gores Holdings IX, Inc. Class A Common Stock in Q1 2024, selling an estimated $12.5M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q1 2024.
  • Rivernorth Capital Management opened 33 new positions and closed 59 in Q1 2024.
  • Rivernorth Capital Management's portfolio value fell 0.9% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2024, filed 15 May 2024.