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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
-4.74%
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
$2.23B
AUM Growth
-$240M
Cap. Flow
-$153M
Cap. Flow %
-6.87%
Top 10 Hldgs %
22.33%
Holding
940
New
121
Increased
146
Reduced
85
Closed
68

Top Buys

Rank Stock Value
1
ZTR
Virtus Total Return Fund
ZTR
+$22.4M
2
PAXS
PIMCO Access Income Fund
PAXS
+$16M
3
VVR icon
Invesco Senior Income Trust
VVR
+$9.57M
4
BFK
BlackRock Municipal Income Trust
BFK
+$9.31M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$7.54M

Top Sells

Rank Stock Value
1
PSTH
Pershing Square Tontine Holdings, Ltd.
PSTH
+$41.6M
2
CLM icon
Cornerstone Strategic Value Fund
CLM
+$33.6M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$32.8M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.1M
5
PTA icon
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
+$24.8M

Sector Composition

Rank Sector Weight
1 Financials 27.26%
2 Healthcare 1.37%
3 Technology 1.26%
4 Industrials 0.95%
5 Communication Services 0.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KAIRW
851
DELISTED
Kairos Acquisition Corp. Warrant
KAIRW
$1K ﹤0.01%
19,469
– –
ASAXW
852
DELISTED
Astrea Acquisition Corp. Warrant
ASAXW
$1K ﹤0.01%
29,999
– –
SHCAW
853
DELISTED
Spindletop Health Acquisition Corp. Warrant
SHCAW
$1K ﹤0.01%
24,999
– –
JOFFW
854
DELISTED
JOFF Fintech Acquisition Corp. Warrant
JOFFW
$1K ﹤0.01%
+16,600
New +$1.16K
BLTSW
855
DELISTED
Bright Lights Acquisition Corp. Warrant
BLTSW
$1K ﹤0.01%
19,406
– –
EQHA.WS
856
DELISTED
EQ Health Acquisition Corp. Redeemable Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share
EQHA.WS
$1K ﹤0.01%
12,498
– –
EPWR.WS
857
DELISTED
Empowerment & Inclusion Capital I Corp. Redeemable warrants, each whole warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per share
EPWR.WS
$1K ﹤0.01%
23,560
– –
FSNB.WS
858
DELISTED
Fusion Acquisition Corp. II Redeemable Warrants, each whole warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per share
FSNB.WS
$1K ﹤0.01%
16,664
– –
HAACW
859
DELISTED
Health Assurance Acquisition Corp. Warrants
HAACW
$1K ﹤0.01%
21,250
– –
TEKKW
860
DELISTED
Tekkorp Digital Acquisition Corp. Warrant
TEKKW
$1K ﹤0.01%
63,502
+13,503
+27% +$1.4K
LFTRW
861
DELISTED
Lefteris Acquisition Corp. Warrant
LFTRW
$1K ﹤0.01%
+29,200
New +$1.69K
SANBW
862
DELISTED
Sanaby Health Acquisition Corp. I Warrant
SANBW
$1K ﹤0.01%
24,998
– –
PIPP.WS
863
DELISTED
Pine Island Acquisition Corp. Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
PIPP.WS
$1K ﹤0.01%
24,900
+8,300
+50% +$1.24K
CLAS.WS
864
DELISTED
Class Acceleration Corp. Redeemable Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50
CLAS.WS
$1K ﹤0.01%
62,499
+50,000
+400% +$2.63K
ABX
865
Abacus Global Management
ABX
$872M
– –
-99,998
Closed -$998K
BST icon
866
BlackRock Science and Technology Trust
BST
$1.7B
– –
-19,313
Closed -$627K
BURU
867
DELISTED
NUBURU INC
BURU
– –
-250
Closed -$497K
BYM
868
DELISTED
BlackRock Municipal Income Quality Trust
BYM
– –
-146,365
Closed -$1.81M
CLM icon
869
Cornerstone Strategic Value Fund
CLM
$2.25B
– –
-3,983,441
Closed -$33.6M
CXE
870
DELISTED
MFS High Income Municipal Trust
CXE
– –
-266,858
Closed -$1M
DMO
871
Western Asset Mortgage Opportunity Fund
DMO
$120M
– –
-36,658
Closed -$428K
HOLO icon
872
MicroCloud Hologram
HOLO
$39M
– –
-19
Closed -$1.52M
JPC icon
873
Nuveen Preferred & Income Opportunities Fund
JPC
$2.91B
– –
-86,026
Closed -$658K
KITT icon
874
Nauticus Robotics
KITT
$8.07M
– –
-68
Closed -$1.76M
KTF
875
DWS Municipal Income Trust
KTF
$353M
– –
-1,596,410
Closed -$15M
33 34
35
36 37

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Rivernorth Capital Management's Q3 2022 Portfolio in Review

As of Q3 2022, Rivernorth Capital Management held 940 positions worth $2.23B, down 9.7% from $2.47B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Rivernorth Capital Management withdrew a net $153M in Q3 2022, closing 68 positions and reducing 85 holdings. Its most notable exit was Pershing Square Tontine Holdings, Ltd., an estimated $41.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 22% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Virtus Total Return Fund worth $17.8M.

  • Rivernorth Capital Management's largest Q3 2022 buy was Virtus Total Return Fund: 2,860,573 shares worth $17.8M.
  • Rivernorth Capital Management added most to PIMCO Access Income Fund in Q3 2022, an estimated $16M increase.
  • Rivernorth Capital Management's biggest Q3 2022 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $32.8M.
  • Rivernorth Capital Management fully exited Pershing Square Tontine Holdings, Ltd. in Q3 2022, selling an estimated $41.6M.
  • Rivernorth Capital Management's ten largest holdings make up 22% of its $2.23B portfolio in Q3 2022.
  • Rivernorth Capital Management opened 121 new positions and closed 68 in Q3 2022.
  • Rivernorth Capital Management's portfolio value fell 9.7% quarter-over-quarter to $2.23B.

Based on Rivernorth Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.