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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
+3.94%
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
-$46.1M
Cap. Flow
-$126M
Cap. Flow %
-6.07%
Top 10 Hldgs %
30.91%
Holding
491
New
49
Increased
67
Reduced
60
Closed
103

Top Buys

Rank Stock Value
1
ACP
abrdn Income Credit Strategies Fund
ACP
+$26.9M
2
MHI
Pioneer Municipal High Income Fund
MHI
+$7.96M
3
PCF
High Income Securities Fund
PCF
+$7.68M
4
DMF
BNY Mellon Municipal Income
DMF
+$7.54M
5
OCSL icon
Oaktree Specialty Lending
OCSL
+$6.93M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$37.8M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$19.8M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$13.1M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$12.6M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$10.7M

Sector Composition

Rank Sector Weight
1 Financials 7.8%
2 Technology 0.67%
3 Consumer Staples 0.25%
4 Consumer Discretionary 0.24%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EIM
51
Eaton Vance Municipal Bond Fund
EIM
$498M
$10.5M 0.51%
971,957
-1,200,274
-55% -$12.6M
DSM
52
BNY Mellon Strategic Municipal Bond Fund
DSM
$290M
$10.4M 0.5%
1,666,877
+201,105
+14% +$1.22M
BGB
53
Blackstone Strategic Credit 2027 Term Fund
BGB
$505M
$10.1M 0.49%
820,191
-121,183
-13% -$1.47M
MYN icon
54
BlackRock MuniYield New York Quality Fund
MYN
$377M
$9.87M 0.48%
915,809
+100
+0% +$1.05K
EAD
55
Allspring Income Opportunities Fund
EAD
$380M
$9.82M 0.47%
1,377,033
-53,262
-4% -$370K
IIM icon
56
Invesco Value Municipal Income Trust
IIM
$595M
$9.71M 0.47%
754,035
-307,684
-29% -$3.89M
NBH
57
Neuberger Municipal Fund Inc
NBH
$302M
$9.62M 0.46%
866,058
– –
BCX icon
58
BlackRock Resources & Commodities Strategy Trust
BCX
$963M
$9.24M 0.45%
962,498
+327,507
+52% +$3.01M
CPZ
59
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$268M
$9.17M 0.44%
584,400
+3,968
+0.7% +$61.4K
BYM
60
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$8.97M 0.43%
745,062
-113,992
-13% -$1.35M
BTX
61
BlackRock Technology and Private Equity Term Trust
BTX
$999M
$8.63M 0.42%
1,142,760
+594,776
+109% +$4.35M
LEGT
62
DELISTED
Legato Merger Corp III
LEGT
$8.15M 0.39%
798,968
+71,172
+10% +$724K
CCTS
63
DELISTED
Cactus Acquisition Corp. 1 Limited Class A Ordinary Share
CCTS
$8.04M 0.39%
700,000
– –
KTF
64
DWS Municipal Income Trust
KTF
$352M
$8M 0.39%
802,738
-447,461
-36% -$4.36M
PCF
65
High Income Securities Fund
PCF
$101M
$7.89M 0.38%
+1,155,192
New +$7.68M
EVM
66
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$7.78M 0.38%
806,138
-73,162
-8% -$704K
NUW icon
67
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
$7.24M 0.35%
508,877
-4,423
-0.9% -$61.8K
DMB
68
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$195M
$7.04M 0.34%
630,470
+615,934
+4,237% +$6.69M
GLO
69
Clough Global Opportunities Fund
GLO
$257M
$7.02M 0.34%
1,287,395
+6,536
+0.5% +$34.8K
HIO
70
Western Asset High Income Opportunity Fund
HIO
$340M
$6.93M 0.33%
1,710,662
-1,695,806
-50% -$6.66M
OCSL icon
71
Oaktree Specialty Lending
OCSL
$1.13B
$6.6M 0.32%
+404,537
New +$6.93M
KSM
72
DELISTED
DWS Strategic Municipal Income Trust
KSM
$6.49M 0.31%
636,785
– –
NTG
73
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$6.31M 0.3%
132,704
– –
VPV icon
74
Invesco Pennsylvania Value Municipal Income Trust
VPV
$201M
$6.05M 0.29%
534,737
+59,736
+13% +$659K
FSHPU
75
Flag Ship Acquisition Corp Unit
FSHPU
$5.83M 0.28%
577,000
– –
1 2
3
4 5

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Rivernorth Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Rivernorth Capital Management held 491 positions worth $2.07B, down 2.2% from $2.12B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $126M in Q3 2024, closing 103 positions and reducing 60 holdings. Its most notable exit was Nuveen Preferred & Income Opportunities Fund, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.4% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in abrdn Income Credit Strategies Fund worth $27.3M.

  • Rivernorth Capital Management's largest Q3 2024 buy was abrdn Income Credit Strategies Fund: 4,123,676 shares worth $27.3M.
  • Rivernorth Capital Management added most to Pioneer Municipal High Income Fund in Q3 2024, an estimated $7.96M increase.
  • Rivernorth Capital Management's biggest Q3 2024 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $19.8M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Opportunities Fund in Q3 2024, selling an estimated $37.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q3 2024.
  • Rivernorth Capital Management opened 49 new positions and closed 103 in Q3 2024.
  • Rivernorth Capital Management's portfolio value fell 2.2% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.