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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
-6.48%
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
$1.93B
AUM Growth
-$73.9M
Cap. Flow
+$61.5M
Cap. Flow %
3.19%
Top 10 Hldgs %
31.01%
Holding
632
New
48
Increased
91
Reduced
80
Closed
87

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$19.3M
3
BLE
BlackRock Municipal Income Trust II
BLE
+$14M
4
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$13.2M
5
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$13M

Top Sells

Rank Stock Value
1
BBDC icon
Barings BDC
BBDC
+$26.1M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$16.6M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.9M
4
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$15.8M
5
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 12.36%
2 Healthcare 1.47%
3 Technology 1.18%
4 Industrials 1.07%
5 Consumer Discretionary 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NUW icon
76
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
$5.51M 0.29%
411,450
+63,772
+18% +$863K
PCK
77
DELISTED
Pimco California Municipal Income Fund II
PCK
$5.51M 0.29%
1,097,623
+34,855
+3% +$199K
NTG
78
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$5.49M 0.28%
158,807
– –
BFZ
79
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$5.45M 0.28%
529,297
-167,502
-24% -$1.89M
MYN icon
80
BlackRock MuniYield New York Quality Fund
MYN
$376M
$5.15M 0.27%
580,923
+18,072
+3% +$175K
BBDC icon
81
Barings BDC
BBDC
$975M
$5.01M 0.26%
562,085
-3,033,255
-84% -$26.1M
ENX
82
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$5M 0.26%
602,952
+34,984
+6% +$323K
PCQ
83
Pimco California Municipal Income Fund
PCQ
$168M
$4.91M 0.25%
588,732
-16,030
-3% -$153K
PUCK
84
DELISTED
Goal Acquisitions Corp. Common Stock
PUCK
$4.87M 0.25%
463,472
-75,000
-14% -$785K
NBH
85
Neuberger Municipal Fund Inc
NBH
$302M
$4.83M 0.25%
524,957
+210,642
+67% +$2.11M
BSL
86
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$170M
$4.65M 0.24%
350,676
-7,239
-2% -$94.9K
MHI
87
DELISTED
Pioneer Municipal High Income Fund
MHI
$4.63M 0.24%
640,254
-359,151
-36% -$2.94M
DTF
88
DTF Tax-Free Income 2028 Term Fund
DTF
$80.9M
$4.59M 0.24%
430,573
+11,844
+3% +$129K
CCVI
89
DELISTED
Churchill Capital Corp VI
CCVI
$4.54M 0.24%
434,665
+344,665
+383% +$3.58M
CFIV
90
DELISTED
CF Acquisition Corp. IV Class A common stock
CFIV
$4.52M 0.23%
424,436
– –
NPFD icon
91
Nuveen Variable Rate Preferred & Income Fund
NPFD
$452M
$4.52M 0.23%
288,157
-711,437
-71% -$11.4M
NXJ
92
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$4.5M 0.23%
425,008
+44,475
+12% +$502K
CVII
93
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
$4.47M 0.23%
427,500
+177,500
+71% +$1.85M
KYCH
94
DELISTED
Keyarch Acquisition Corporation Ordinary Shares
KYCH
$4.26M 0.22%
400,000
– –
HUDA
95
DELISTED
Hudson Acquisition I Corp. Common Stock
HUDA
$4.26M 0.22%
400,000
– –
AQU
96
DELISTED
Aquaron Acquisition Corp. Common Stock
AQU
$4.24M 0.22%
400,000
– –
KCGI
97
DELISTED
Kensington Capital Acquisition Corp. V
KCGI
$4.23M 0.22%
400,000
+325,008
+433% +$3.44M
BGX
98
Blackstone Long-Short Credit Income Fund
BGX
$138M
$4.21M 0.22%
361,422
-500
-0.1% -$5.77K
BWG
99
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$131M
$4.2M 0.22%
559,442
-229,623
-29% -$1.85M
SPE
100
Special Opportunities Fund
SPE
$144M
$4.2M 0.22%
401,972
+6,096
+2% +$66K
2 3
4
5 6

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Rivernorth Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Rivernorth Capital Management held 632 positions worth $1.93B, down 3.7% from $2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management deployed $61.5M of net new capital in Q3 2023, opening 48 new positions and adding to 91 existing holdings. Its largest new stake was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.

By sector, the portfolio is most concentrated in Financials at 12% of assets, down from 13% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Barings BDC, an estimated $26.1M trimmed.

  • Rivernorth Capital Management's largest Q3 2023 buy was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2023, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q3 2023 reduction was Barings BDC, cutting an estimated $26.1M.
  • Rivernorth Capital Management fully exited BlackRock Corporate High Yield Fund in Q3 2023, selling an estimated $9.1M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.93B portfolio in Q3 2023.
  • Rivernorth Capital Management opened 48 new positions and closed 87 in Q3 2023.
  • Rivernorth Capital Management's portfolio value fell 3.7% quarter-over-quarter to $1.93B.

Based on Rivernorth Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.