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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
FVIV.WS
951
DELISTED
Fortress Value Acquisition Corp. IV Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
FVIV.WS
– –
-1,450,036
Closed -$247K
TPGY
952
DELISTED
TPG Pace Beneficial Finance Corp.
TPGY
– –
-339,557
Closed -$3.4M
ASAQ.WS
953
DELISTED
Atlantic Avenue Acquisition Corp Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
ASAQ.WS
– –
-87,499
Closed -$5K
ASAQ
954
DELISTED
Atlantic Avenue Acquisition Corp
ASAQ
– –
-141,768
Closed -$1.42M
RCHGW
955
DELISTED
Recharge Acquisition Corp. Warrant
RCHGW
– –
-49,999
Closed –
RCHG
956
DELISTED
Recharge Acquisition Corp. Class A Common Stock
RCHG
– –
-210,393
Closed -$2.13M
AVAN
957
DELISTED
Avanti Acquisition Corp.
AVAN
– –
-66,790
Closed -$669K
ASZ.WS
958
DELISTED
Austerlitz Acquisition Corporation II Warrants, each whole Warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
ASZ.WS
– –
-1,790,011
Closed -$179K
AUS.WS
959
DELISTED
Austerlitz Acquisition Corporation I Warrants, each whole Warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
AUS.WS
– –
-1,225,267
Closed -$123K
HIGA.WS
960
DELISTED
H.I.G. Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
HIGA.WS
– –
-39,900
Closed –
KCAC.WS
961
DELISTED
Kensington Capital Acquisition Corp. IV Class 1 redeemable warrants, each exercisable for one Class A ordinary share at an exercise price of $11.50
KCAC.WS
– –
-312,582
Closed -$100K
ACKIW
962
DELISTED
Ackrell SPAC Partners I Co Warrants
ACKIW
– –
-34,696
Closed –
EQD.WS
963
DELISTED
Equity Distribution Acquisition Corp. Warrants, each whole warrant exercisable for one share of Clas
EQD.WS
– –
-322,699
Closed -$10K
KWAC.WS
964
DELISTED
Kingswood Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common
KWAC.WS
– –
-93,744
Closed -$7K
CLRCU
965
DELISTED
ClimateRock Unit
CLRCU
– –
-169,230
Closed -$1.7M
YOTAU
966
DELISTED
Yotta Acquisition Corporation Unit
YOTAU
– –
-425,000
Closed -$4.25M
KACLU
967
DELISTED
Kairous Acquisition Corp. Limited Unit
KACLU
– –
-148,638
Closed -$1.51M
NOVV
968
DELISTED
Nova Vision Acquisition Corp. Ordinary share
NOVV
– –
-165,000
Closed -$1.69M
NRACU
969
DELISTED
Northern Revival Acquisition Corporation Unit
NRACU
– –
-70,028
Closed -$696K
SHAP.U
970
DELISTED
Spree Acquisition Corp. 1 Limited Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
SHAP.U
– –
-450,000
Closed -$4.56M
NBO
971
DELISTED
Neuberger Berman New York Municipal Fund Inc.
NBO
– –
-130,254
Closed -$1.21M
RACYU
972
DELISTED
Relativity Acquisition Corp. Unit
RACYU
– –
-150,000
Closed -$1.52M
CLAS.WS
973
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
– –
-62,499
Closed -$1K
BITE
974
DELISTED
Bite Acquisition Corp.
BITE
– –
-308,367
Closed -$3.03M
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.