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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
AAC
76
DELISTED
Ares Acquisition Corporation
AAC
$6.21M 0.28%
616,390
+7,420
+1% +$74.2K
PRPC
77
DELISTED
CC Neuberger Principal Holdings III
PRPC
$6.17M 0.28%
610,414
+6,305
+1% +$63.2K
FCAX
78
DELISTED
Fortress Capital Acquisition Corp.
FCAX
$6.01M 0.27%
594,560
+6,300
+1% +$63.2K
PDI icon
79
PIMCO Dynamic Income Fund
PDI
$7.45B
$5.79M 0.26%
313,537
-454,400
-59% -$8.92M
CVIIU
80
DELISTED
Churchill Capital Corp VII Units
CVIIU
$5.79M 0.26%
581,697
+310,097
+114% +$3.08M
FPF
81
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.08B
$5.79M 0.26%
+343,417
New +$5.75M
MVF
82
DELISTED
BlackRock MuniVest Fund
MVF
$5.62M 0.25%
802,346
-628,308
-44% -$4.21M
SPE
83
Special Opportunities Fund
SPE
$144M
$5.6M 0.25%
514,184
-40,329
-7% -$450K
GHIXU
84
DELISTED
Gores Holdings IX, Inc. Unit
GHIXU
$5.52M 0.25%
554,139
– –
NTG
85
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$5.49M 0.25%
158,807
-18,004
-10% -$644K
FPAC
86
DELISTED
Far Peak Acquisition Corporation
FPAC
$5.47M 0.25%
545,297
– –
PUCK
87
DELISTED
Goal Acquisitions Corp. Common Stock
PUCK
$5.42M 0.24%
539,119
+192,849
+56% +$1.92M
NSL
88
DELISTED
NUVEEN SENIOR INCM FD
NSL
$5.14M 0.23%
1,119,862
+129,726
+13% +$611K
FGMCU
89
DELISTED
FG Merger Corp. Unit
FGMCU
$5.09M 0.23%
500,000
– –
NKGN
90
DELISTED
NKGen Biotech, Inc. Common Stock
NKGN
$5.05M 0.23%
507,083
+308,565
+155% +$3.05M
BTZ icon
91
BlackRock Credit Allocation Income Trust
BTZ
$956M
$5.03M 0.23%
497,792
-267,148
-35% -$2.71M
MAV
92
DELISTED
Pioneer Municipal High Income Advantage Fund
MAV
$4.89M 0.22%
603,978
-164,239
-21% -$1.29M
CCVI
93
DELISTED
Churchill Capital Corp VI
CCVI
$4.84M 0.22%
483,758
+54,515
+13% +$542K
KMF
94
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
$4.82M 0.22%
641,878
-120,017
-16% -$917K
ENX
95
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$4.79M 0.22%
531,982
+64,627
+14% +$568K
CPZ
96
Calamos Long/Short Equity & Dynamic Income Trust
CPZ
$268M
$4.74M 0.21%
311,917
-44,250
-12% -$688K
SHAP
97
DELISTED
Spree Acquisition Corp. 1 Limited
SHAP
$4.62M 0.21%
+450,000
New +$4.57M
SZZL
98
DELISTED
Sizzle Acquisition Corp. Common stock
SZZL
$4.55M 0.2%
+444,998
New +$4.52M
RONI.U
99
DELISTED
Rice Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
RONI.U
$4.55M 0.2%
433,054
+167,950
+63% +$1.71M
VKI icon
100
Invesco Advantage Municipal Income Trust II
VKI
$398M
$4.5M 0.2%
524,216
+291,714
+125% +$2.43M
2 3
4
5 6

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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.