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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
EDNC
926
DELISTED
Endurance Acquisition Corp. Class A Ordinary Shares
EDNC
– –
-600,000
Closed -$5.98M
LUXA
927
DELISTED
Lux Health Tech Acquisition Corp. Class A Common Stock
LUXA
– –
-200,000
Closed -$2M
LUXAW
928
DELISTED
Lux Health Tech Acquisition Corp. Warrants
LUXAW
– –
-66,500
Closed -$11K
PIPP
929
DELISTED
Pine Island Acquisition Corp.
PIPP
– –
-315,832
Closed -$3.15M
SRSA
930
DELISTED
Sarissa Capital Acquisition Corp. Class A Ordinary Shares
SRSA
– –
-263,500
Closed -$2.63M
TEKKU
931
DELISTED
Tekkorp Digital Acquisition Corp. Unit
TEKKU
– –
-27,006
Closed -$270K
TEKK
932
DELISTED
Tekkorp Digital Acquisition Corp. Class A Ordinary Shares
TEKK
– –
-444,304
Closed -$4.45M
TEKKW
933
DELISTED
Tekkorp Digital Acquisition Corp. Warrant
TEKKW
– –
-63,502
Closed -$1K
GBTG.WS
934
DELISTED
Global Business Travel Group, Inc. Warrants, each exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
GBTG.WS
– –
-66,666
Closed -$105K
MAAQR
935
DELISTED
Mana Capital Acquisition Corp. Rights
MAAQR
– –
-99,998
Closed -$29K
LFTRW
936
DELISTED
Lefteris Acquisition Corp. Warrant
LFTRW
– –
-29,200
Closed -$1K
LFTR
937
DELISTED
Lefteris Acquisition Corp. Class A Common Stock
LFTR
– –
-283,000
Closed -$2.83M
HIGA
938
DELISTED
H.I.G. Acquisition Corp.
HIGA
– –
-120,000
Closed -$1.2M
SANB
939
DELISTED
Sanaby Health Acquisition Corp. I Class A Common Stock
SANB
– –
-49,996
Closed -$506K
HIGA.U
940
DELISTED
H.I.G. Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
HIGA.U
– –
-50,428
Closed -$505K
SANBW
941
DELISTED
Sanaby Health Acquisition Corp. I Warrant
SANBW
– –
-24,998
Closed -$1K
TMPMW
942
DELISTED
Turmeric Acquisition Corp. Warrant
TMPMW
– –
-16,729
Closed –
TMPM
943
DELISTED
Turmeric Acquisition Corp. Class A Ordinary Shares
TMPM
– –
-365,394
Closed -$3.65M
SBII.WS
944
DELISTED
Sandbridge X2 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
SBII.WS
– –
-30,351
Closed -$2K
FVAM
945
DELISTED
5:01 Acquisition Corp
FVAM
– –
-281,700
Closed -$2.81M
HTAQ.WS
946
DELISTED
Hunt Companies Acquisition Corp. I Warrants, each exercisable for one Class A ordinary share at an exercise price of $11.50 per share
HTAQ.WS
– –
-130,949
Closed -$5K
PIPP.WS
947
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
– –
-24,900
Closed -$1K
IPOD
948
DELISTED
Social Capital Hedosophia Holdings Corp. IV
IPOD
– –
-627,495
Closed -$6.28M
IPOF
949
DELISTED
Social Capital Hedosophia Holdings Corp. VI
IPOF
– –
-1,250,835
Closed -$12.5M
FVT.WS
950
DELISTED
Fortress Value Acquisition Corp. III Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
FVT.WS
– –
-697,557
Closed -$70K
35 36 37
38
39

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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.