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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
+3.24%
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
$2.22B
AUM Growth
-$9.14M
Cap. Flow
-$68.7M
Cap. Flow %
-3.1%
Top 10 Hldgs %
27.51%
Holding
975
New
103
Increased
138
Reduced
81
Closed
258

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$29.4M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$26.8M
4
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$26M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$21.4M

Top Sells

Rank Stock Value
1
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$41.4M
2
GBDC icon
Golub Capital BDC
GBDC
+$35.8M
3
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$15.2M
4
VKQ icon
Invesco Municipal Trust
VKQ
+$15M
5
VVR icon
Invesco Senior Income Trust
VVR
+$12.6M

Sector Composition

Rank Sector Weight
1 Financials 19.93%
2 Industrials 1.07%
3 Technology 1.07%
4 Healthcare 0.96%
5 Consumer Discretionary 0.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GDL
726
GDL Fund
GDL
$91.6M
– –
-350,843
Closed -$2.78M
ICU icon
727
SeaStar Medical
ICU
$13.3M
– –
-600
Closed -$1.54M
IEFA icon
728
iShares Core MSCI EAFE ETF
IEFA
$195B
– –
-12,897
Closed -$679K
IGI
729
Western Asset Investment Grade Defined Opportunity Trust
IGI
$94.9M
– –
-18,270
Closed -$280K
MFM
730
Aberdeen Municipal Income Fund
MFM
$222M
– –
-848,231
Closed -$4.11M
MINO icon
731
PIMCO Municipal Income Opportunities Active ETF
MINO
$753M
– –
-30,000
Closed -$1.28M
MIO
732
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
– –
-591,566
Closed -$6M
MLGO
733
MicroAlgo
MLGO
$44.5M
– –
-17
Closed -$1.03M
MUB icon
734
iShares National Muni Bond ETF
MUB
$45.9B
– –
-103,987
Closed -$10.7M
NAN icon
735
Nuveen New York Quality Municipal Income Fund
NAN
$372M
– –
-329,189
Closed -$3.45M
NBXG
736
Neuberger Next Generation Connectivity Fund Inc
NBXG
$1.22B
– –
-764,218
Closed -$7.18M
NDMO icon
737
Nuveen Dynamic Municipal Opportunities Fund
NDMO
$602M
– –
-328,465
Closed -$3.38M
NMI icon
738
Nuveen Municipal Income
NMI
$129M
– –
-72,892
Closed -$633K
NML
739
Neuberger Energy Infrastructure and Income Fund Inc
NML
$605M
– –
-172,307
Closed -$1.06M
NRK icon
740
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$918M
– –
-4,219,381
Closed -$41.4M
OBDC icon
741
Blue Owl Capital
OBDC
$5.74B
– –
-363,614
Closed -$3.77M
ONMD icon
742
OneMedNet
ONMD
$41M
– –
-147,479
Closed -$1.53M
PCK
743
DELISTED
Pimco California Municipal Income Fund II
PCK
– –
-445,009
Closed -$2.86M
PCN
744
PIMCO Corporate & Income Strategy Fund
PCN
$891M
– –
-89,820
Closed -$1.06M
PGP
745
PIMCO Global StockPLUS & Income Fund
PGP
$102M
– –
-128,514
Closed -$828K
PHD
746
DELISTED
Pioneer Floating Rate Fund
PHD
– –
-64,330
Closed -$555K
PNF
747
DELISTED
PIMCO New York Municipal Income Fund
PNF
– –
-13,580
Closed -$116K
PZC
748
DELISTED
PIMCO California Municipal Income Fund III
PZC
– –
-61,532
Closed -$449K
QQQ icon
749
Invesco QQQ Trust
QQQ
$482B
– –
-3,277
Closed -$876K
TSLX icon
750
Sixth Street Specialty
TSLX
$1.78B
– –
-58,701
Closed -$959K
28 29
30
31 32

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Rivernorth Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Rivernorth Capital Management held 975 positions worth $2.22B, down 0.41% from $2.23B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Rivernorth Capital Management withdrew a net $68.7M in Q4 2022, closing 258 positions and reducing 81 holdings. Its most notable exit was Nuveen New York AMT-Free Quality Municipal Income Fund, an estimated $41.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 27% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock Corporate High Yield Fund worth $20.8M.

  • Rivernorth Capital Management's largest Q4 2022 buy was BlackRock Corporate High Yield Fund: 2,381,391 shares worth $20.8M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q4 2022, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q4 2022 reduction was Golub Capital BDC, cutting an estimated $35.8M.
  • Rivernorth Capital Management fully exited Nuveen New York AMT-Free Quality Municipal Income Fund in Q4 2022, selling an estimated $41.4M.
  • Rivernorth Capital Management's ten largest holdings make up 28% of its $2.22B portfolio in Q4 2022.
  • Rivernorth Capital Management opened 103 new positions and closed 258 in Q4 2022.
  • Rivernorth Capital Management's portfolio value fell 0.41% quarter-over-quarter to $2.22B.

Based on Rivernorth Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.