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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
-4.32%
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
$2.08B
AUM Growth
+$7.35M
Cap. Flow
+$105M
Cap. Flow %
5.03%
Top 10 Hldgs %
28.85%
Holding
491
New
103
Increased
49
Reduced
63
Closed
82

Top Buys

Rank Stock Value
1
AOD
abrdn Total Dynamic Dividend Fund
AOD
+$27.5M
2
VKQ icon
Invesco Municipal Trust
VKQ
+$22M
3
VMO icon
Invesco Municipal Opportunity Trust
VMO
+$19M
4
PML
PIMCO Municipal Income Fund II
PML
+$12.9M
5
NUV icon
Nuveen Municipal Value Fund
NUV
+$12.9M

Top Sells

Rank Stock Value
1
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$31.1M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$15.5M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$10.3M
4
BGB
Blackstone Strategic Credit 2027 Term Fund
BGB
+$10.1M
5
PCF
High Income Securities Fund
PCF
+$7.89M

Sector Composition

Rank Sector Weight
1 Financials 10.6%
2 Industrials 0.52%
3 Technology 0.44%
4 Consumer Staples 0.25%
5 Energy 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PFL
51
PIMCO Income Strategy Fund
PFL
$390M
$10.7M 0.51%
1,275,940
+27,105
+2% +$230K
BKN
52
DELISTED
BlackRock Investment Quality Municipal Trust
BKN
$10.6M 0.51%
954,065
-6,730
-0.7% -$82.4K
EIM
53
Eaton Vance Municipal Bond Fund
EIM
$496M
$10.1M 0.48%
971,957
– –
BCX icon
54
BlackRock Resources & Commodities Strategy Trust
BCX
$965M
$9.84M 0.47%
1,151,705
+189,207
+20% +$1.75M
NMCO icon
55
Nuveen Municipal Credit Opportunities Fund
NMCO
$583M
$9.27M 0.45%
+873,589
New +$9.75M
MYN icon
56
BlackRock MuniYield New York Quality Fund
MYN
$375M
$9.23M 0.44%
915,809
– –
NBH
57
Neuberger Municipal Fund Inc
NBH
$301M
$8.96M 0.43%
866,058
– –
DSM
58
BNY Mellon Strategic Municipal Bond Fund
DSM
$290M
$8.92M 0.43%
1,534,997
-131,880
-8% -$797K
IIM icon
59
Invesco Value Municipal Income Trust
IIM
$596M
$8.85M 0.43%
744,150
-9,885
-1% -$123K
CPZ
60
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$267M
$8.66M 0.42%
583,648
-752
-0.1% -$11.7K
EAD
61
Allspring Income Opportunities Fund
EAD
$379M
$8.46M 0.41%
1,227,211
-149,822
-11% -$1.04M
BYM
62
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$8.27M 0.4%
761,885
+16,823
+2% +$194K
PMX
63
DELISTED
PIMCO Municipal Income Fund III
PMX
$8.22M 0.4%
+1,116,917
New +$8.77M
LEGT
64
DELISTED
Legato Merger Corp III
LEGT
$8.08M 0.39%
784,752
-14,216
-2% -$146K
BINC icon
65
BlackRock Flexible Income ETF
BINC
$16.3B
$7.54M 0.36%
144,975
+100,000
+222% +$5.27M
DMB
66
BNY Mellon Municipal Bond Infrastructure Fund
DMB
$195M
$7.46M 0.36%
721,123
+90,653
+14% +$978K
GLQ
67
Clough Global Equity Fund
GLQ
$157M
$7.25M 0.35%
1,089,000
+684,132
+169% +$4.7M
BTX
68
BlackRock Technology and Private Equity Term Trust
BTX
$1B
$7.24M 0.35%
973,389
-169,371
-15% -$1.3M
PTA icon
69
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
$1.05B
$7.12M 0.34%
+370,242
New +$7.49M
TYG
70
Tortoise Energy Infrastructure Corp
TYG
$1.09B
$7.07M 0.34%
+168,308
New +$7.11M
NUW icon
71
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
$6.91M 0.33%
508,877
– –
EMD
72
Western Asset Emerging Markets Debt Fund
EMD
$609M
$6.68M 0.32%
694,366
-656,074
-49% -$6.51M
PCK
73
DELISTED
Pimco California Municipal Income Fund II
PCK
$6.07M 0.29%
1,061,310
+662,035
+166% +$3.95M
ALDFU
74
Aldel Financial II Inc Units
ALDFU
$6.04M 0.29%
+600,000
New +$6M
HSPTU
75
DELISTED
Horizon Space Acquisition II Corp Units
HSPTU
$5.97M 0.29%
+595,000
New +$5.95M
1 2
3
4 5

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Rivernorth Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Rivernorth Capital Management held 491 positions worth $2.08B, up 0.35% from $2.07B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management deployed $105M of net new capital in Q4 2024, opening 103 new positions and adding to 49 existing holdings. Its largest new stake was abrdn Total Dynamic Dividend Fund: 3,126,583 shares worth $26.3M.

By sector, the portfolio is most concentrated in Financials at 11% of assets, up from 7.8% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was BlackRock Municipal Income Fund, Inc., an estimated $31.1M trimmed.

  • Rivernorth Capital Management's largest Q4 2024 buy was abrdn Total Dynamic Dividend Fund: 3,126,583 shares worth $26.3M.
  • Rivernorth Capital Management added most to Invesco Municipal Trust in Q4 2024, an estimated $22M increase.
  • Rivernorth Capital Management's biggest Q4 2024 reduction was BlackRock Municipal Income Fund, Inc., cutting an estimated $31.1M.
  • Rivernorth Capital Management fully exited Blackstone Strategic Credit 2027 Term Fund in Q4 2024, selling an estimated $10.1M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $2.08B portfolio in Q4 2024.
  • Rivernorth Capital Management opened 103 new positions and closed 82 in Q4 2024.
  • Rivernorth Capital Management's portfolio value rose 0.35% quarter-over-quarter to $2.08B.

Based on Rivernorth Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.