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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
LDP icon
876
Cohen & Steers Duration Preferred & Income Fund
LDP
$599M
– –
-56,524
Closed -$1.1M
MOBX icon
877
Mobix Labs
MOBX
$22.8M
– –
-20,000
Closed -$2M
MQT
878
DELISTED
BlackRock MuniYield Quality Fund II
MQT
– –
-154,617
Closed -$1.77M
NCV
879
Virtus Convertible & Income Fund
NCV
$389M
– –
-370,505
Closed -$5.45M
NCZ
880
Virtus Convertible & Income Fund II
NCZ
$304M
– –
-152,988
Closed -$1.94M
NHS
881
Neuberger High Yield Strategies Fund Inc
NHS
$255M
– –
-121,562
Closed -$1.02M
NXJ
882
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
– –
-136,363
Closed -$1.72M
NXP icon
883
Nuveen Select Tax-Free Income Portfolio
NXP
$904M
– –
-275,091
Closed -$3.77M
OBIO icon
884
Orchestra BioMed
OBIO
$268M
– –
-10,000
Closed -$100K
OCSL icon
885
Oaktree Specialty Lending
OCSL
$1.15B
– –
-154,184
Closed -$3M
PET
886
DELISTED
Wag!
PET
– –
-600,000
Closed -$5.94M
RCS
887
PIMCO Strategic Income Fund
RCS
$248M
– –
-525,085
Closed -$2.65M
SCLX icon
888
Scilex Holding
SCLX
$47.8M
– –
-322
Closed -$115K
SHFS icon
889
SHF Holdings
SHFS
$2.16M
– –
-7,796
Closed -$1.65M
TDF
890
Templeton Dragon Fund
TDF
$275M
– –
-71,669
Closed -$1.02M
VPV icon
891
Invesco Pennsylvania Value Municipal Income Trust
VPV
$201M
– –
-126,225
Closed -$1.32M
VWO icon
892
Vanguard FTSE Emerging Markets ETF
VWO
$126B
– –
-195,058
Closed -$8.12M
MMV
893
DELISTED
MultiMetaVerse Holdings Limited Class A Ordinary Share
MMV
– –
-171,700
Closed -$1.75M
MOND
894
DELISTED
Mondee Holdings, Inc. Class A Common Stock
MOND
– –
-25,000
Closed -$249K
HIE
895
DELISTED
Miller/Howard High Income Equity Fund
HIE
– –
-430,753
Closed -$4.01M
IMAQ
896
DELISTED
International Media Acquisition Corp. Class A Common Stock
IMAQ
– –
-250,000
Closed -$2.5M
AFT
897
DELISTED
Apollo Senior Floating Rate Fund Inc.
AFT
– –
-42,413
Closed -$544K
NIR
898
DELISTED
Near Intelligence, Inc. Common Stock
NIR
– –
-29,998
Closed -$300K
LIVBU
899
DELISTED
LIV Capital Acquisition Corp. II Unit
LIVBU
– –
-400,000
Closed -$4M
PNACU
900
DELISTED
Prime Number Acquisition I Corp. Unit
PNACU
– –
-50,000
Closed -$500K
34 35
36
37 38

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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.