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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
EMO
76
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.04B
$6.22M 0.28%
247,908
-77,369
-24% -$2.1M
GTPB
77
DELISTED
Gores Technology Partners II, Inc. Class A Common
GTPB
$6.19M 0.28%
630,203
+277,703
+79% +$2.73M
EVM
78
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$6.19M 0.28%
727,062
-21,675
-3% -$201K
HCNE
79
DELISTED
Jaws Hurricane Acquisition Corp. Class A Common Stock
HCNE
$6.1M 0.27%
624,792
+268,596
+75% +$2.62M
AAC
80
DELISTED
Ares Acquisition Corporation
AAC
$6.05M 0.27%
608,970
+151,264
+33% +$1.5M
PRPC
81
DELISTED
CC Neuberger Principal Holdings III
PRPC
$6M 0.27%
604,109
+220,661
+58% +$2.18M
MIO
82
DELISTED
Pioneer Municipal High Income Opportunities Fund
MIO
$6M 0.27%
591,566
-197,454
-25% -$2.39M
EDNC
83
DELISTED
Endurance Acquisition Corp. Class A Ordinary Shares
EDNC
$5.98M 0.27%
600,000
– –
GATE
84
DELISTED
Marblegate Acquisition Corp. Class A Common Stock
GATE
$5.96M 0.27%
600,000
– –
SPE
85
Special Opportunities Fund
SPE
$144M
$5.88M 0.26%
554,513
-70,145
-11% -$851K
HCIC
86
DELISTED
Hennessy Capital Investment Corp. V Class A Common Stock
HCIC
$5.88M 0.26%
595,200
+377,164
+173% +$3.72M
FCAX
87
DELISTED
Fortress Capital Acquisition Corp.
FCAX
$5.85M 0.26%
588,260
+101,260
+21% +$1M
MAV
88
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$5.8M 0.26%
768,217
-9,807
-1% -$86.3K
NTG
89
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$5.76M 0.26%
176,811
-55
-0% -$1.94K
FCRD
90
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
$5.67M 0.25%
1,982,822
-58,824
-3% -$193K
NUW icon
91
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
$5.65M 0.25%
430,523
+36,310
+9% +$511K
KMF
92
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$5.61M 0.25%
761,895
-289,355
-28% -$2.35M
GHIXU
93
DELISTED
Gores Holdings IX, Inc. Unit
GHIXU
$5.47M 0.25%
554,139
– –
FPAC
94
DELISTED
Far Peak Acquisition Corporation
FPAC
$5.39M 0.24%
545,297
– –
CPZ
95
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$268M
$5.33M 0.24%
356,167
-217,450
-38% -$3.71M
HZON
96
DELISTED
Horizon Acquisition Corporation II
HZON
$5.25M 0.24%
524,852
+424,852
+425% +$4.23M
PTA icon
97
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
$1.04B
$5.18M 0.23%
286,201
-1,285,707
-82% -$24.8M
FGMCU
98
DELISTED
FG Merger Corp. Unit
FGMCU
$5.05M 0.23%
500,000
– –
CPUH
99
DELISTED
Compute Health Acquisition Corp.
CPUH
$5.03M 0.23%
509,472
+352,000
+224% +$3.46M
DTF
100
DTF Tax-Free Income 2028 Term Fund
DTF
$80.9M
$4.8M 0.22%
432,924
+22,346
+5% +$267K
2 3
4
5 6

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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.