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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
IPVF
776
DELISTED
InterPrivate III Financial Partners Inc.
IPVF
– –
-19,995
Closed -$197K
CFIVU
777
DELISTED
CF Acquisition Corp. IV Unit
CFIVU
– –
-295,100
Closed -$2.93M
OLITU
778
DELISTED
OmniLit Acquisition Corp. Units
OLITU
– –
-292,232
Closed -$2.95M
SFR
779
DELISTED
Appreciate Holdings, Inc. Class A Common Stock
SFR
– –
-48,444
Closed -$482K
NBW
780
DELISTED
Neuberger Berman California Municipal Fund Inc.
NBW
– –
-85,044
Closed -$893K
BTWN
781
DELISTED
Bridgetown Holdings Limited Class A Ordinary Shares
BTWN
– –
-106,883
Closed -$1.07M
ADER
782
DELISTED
26 Capital Acquisition Corp
ADER
– –
-24,998
Closed -$247K
NSTD.U
783
DELISTED
Northern Star Investment Corp. IV Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant
NSTD.U
– –
-93,368
Closed -$918K
FXCO
784
DELISTED
Financial Strategies Acquisition Corp. Class A Common Stock
FXCO
– –
-150,000
Closed -$1.51M
GFX
785
DELISTED
Golden Falcon Acquisition Corp.
GFX
– –
-280,906
Closed -$2.79M
ARBGU
786
DELISTED
Aequi Acquisition Corp Unit
ARBGU
– –
-101,084
Closed -$1.01M
CPUH.U
787
DELISTED
Compute Health Acquisition Corp. Units, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant
CPUH.U
– –
-31,396
Closed -$310K
CPUH
788
DELISTED
Compute Health Acquisition Corp.
CPUH
– –
-509,472
Closed -$5.03M
GSRMU
789
DELISTED
GSR II Meteora Acquisition Corp. Unit
GSRMU
– –
-21,480
Closed -$221K
SNRH
790
DELISTED
Senior Connect Acquisition Corp. I Class A Common Stock
SNRH
– –
-291,614
Closed -$2.9M
SNRHU
791
DELISTED
Senior Connect Acquisition Corp. I Unit
SNRHU
– –
-100,000
Closed -$994K
PNTM.U
792
DELISTED
Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant
PNTM.U
– –
-149,920
Closed -$1.49M
PGRW
793
DELISTED
Progress Acquisition Corp. Class A Common Stock
PGRW
– –
-49,998
Closed -$499K
PGRWU
794
DELISTED
Progress Acquisition Corp. Units
PGRWU
– –
-87,500
Closed -$876K
EUCRU
795
DELISTED
Eucrates Biomedical Acquisition Corp. Unit
EUCRU
– –
-75,650
Closed -$758K
EUCR
796
DELISTED
Eucrates Biomedical Acquisition Corp. Ordinary Shares
EUCR
– –
-99,996
Closed -$1M
HZON
797
DELISTED
Horizon Acquisition Corporation II
HZON
– –
-524,852
Closed -$5.25M
IPVI
798
DELISTED
InterPrivate IV InfraTech Partners Inc. Class A Common Stock
IPVI
– –
-25,000
Closed -$246K
GWII
799
DELISTED
Good Works II Acquisition Corp. Common Stock
GWII
– –
-175,000
Closed -$1.75M
FCRD
800
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
– –
-1,982,822
Closed -$5.67M
30 31
32
33 34

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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.