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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
RNER
801
DELISTED
Mount Rainier Acquisition Corp. Common Stock
RNER
– –
-225,000
Closed -$2.27M
CTAQ
802
DELISTED
Carney Technology Acquisition Corp. II Class A Common Stock
CTAQ
– –
-151,261
Closed -$1.5M
DTRT
803
DELISTED
DTRT Health Acquisition Corp. Class A Common Stock
DTRT
– –
-100,000
Closed -$1.02M
FINMW
804
DELISTED
Marlin Technology Corporation Warrant
FINMW
– –
-36,631
Closed -$3K
POWRW
805
DELISTED
Powered Brands Warrants
POWRW
– –
-67,800
Closed -$4K
EPHYW
806
DELISTED
Epiphany Technology Acquisition Corp. Warrant
EPHYW
– –
-13,300
Closed -$1K
EPHY
807
DELISTED
Epiphany Technology Acquisition Corp. Class A Common Stock
EPHY
– –
-40,000
Closed -$395K
PACXW
808
DELISTED
Pioneer Merger Corp. Warrant
PACXW
– –
-14,000
Closed –
PKBO
809
DELISTED
Peak Bio, Inc. Common Stock
PKBO
– –
-20,000
Closed -$200K
DRAYW
810
DELISTED
Macondray Capital Acquisition Corp. I Warrant
DRAYW
– –
-58,332
Closed -$3K
KAIRW
811
DELISTED
Kairos Acquisition Corp. Warrant
KAIRW
– –
-19,469
Closed -$1K
ASAX
812
DELISTED
Astrea Acquisition Corp. Class A Common Stock
ASAX
– –
-59,998
Closed -$590K
ASAXW
813
DELISTED
Astrea Acquisition Corp. Warrant
ASAXW
– –
-29,999
Closed -$1K
FACA.U
814
DELISTED
Figure Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant
FACA.U
– –
-25,000
Closed -$247K
CLAS
815
DELISTED
Class Acceleration Corp.
CLAS
– –
-124,998
Closed -$1.24M
SPKAR
816
DELISTED
SPK Acquisition Corp. Right
SPKAR
– –
-186,789
Closed -$34K
FTVI
817
DELISTED
FinTech Acquisition Corp. VI Class A Common Stock
FTVI
– –
-135,143
Closed -$1.34M
SHCA
818
DELISTED
Spindletop Health Acquisition Corp. Class A Common Stock
SHCA
– –
-49,998
Closed -$503K
SHCAW
819
DELISTED
Spindletop Health Acquisition Corp. Warrant
SHCAW
– –
-24,999
Closed -$1K
HUGS
820
DELISTED
USHG Acquisition Corp.
HUGS
– –
-136,267
Closed -$1.34M
GACQW
821
DELISTED
Global Consumer Acquisition Corp. Warrant
GACQW
– –
-49,156
Closed -$6K
SPTK
822
DELISTED
SportsTek Acquisition Corp. Class A Common Stock
SPTK
– –
-194,198
Closed -$1.91M
SPTKW
823
DELISTED
SportsTek Acquisition Corp. Warrant
SPTKW
– –
-156,699
Closed -$6K
GIWWW
824
DELISTED
GigInternational1, Inc. Warrant
GIWWW
– –
-98,306
Closed -$6K
MONCU
825
DELISTED
Monument Circle Acquisition Corp. Unit
MONCU
– –
-16,900
Closed -$167K
31 32
33
34 35

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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.