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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
+3.64%
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
$2.07B
AUM Growth
-$18.8M
Cap. Flow
-$76.2M
Cap. Flow %
-3.68%
Top 10 Hldgs %
30.81%
Holding
522
New
33
Increased
41
Reduced
115
Closed
59

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$15.6M
2
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$9.29M
3
LEGT.U
Legato Merger Corp III Units
LEGT.U
+$8.06M
4
EAD
Allspring Income Opportunities Fund
EAD
+$7.05M
5
BCX icon
BlackRock Resources & Commodities Strategy Trust
BCX
+$5.41M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$18.2M
2
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$14.2M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$12.5M
4
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$12.5M
5
PAXS
PIMCO Access Income Fund
PAXS
+$8.7M

Sector Composition

Rank Sector Weight
1 Financials 9.07%
2 Technology 0.91%
3 Healthcare 0.64%
4 Industrials 0.4%
5 Materials 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BCX icon
76
BlackRock Resources & Commodities Strategy Trust
BCX
$964M
$5.69M 0.27%
+626,477
New +$5.41M
EVT icon
77
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
$2.18B
$5.66M 0.27%
239,783
– –
BFAC
78
DELISTED
Battery Future Acquisition Corp.
BFAC
$5.5M 0.27%
500,000
– –
BSL
79
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$170M
$5.36M 0.26%
374,298
– –
CDAQ
80
DELISTED
Compass Digital Acquisition Corp. Class A Ordinary Shares
CDAQ
$5.35M 0.26%
500,000
– –
FLD
81
Fold Holdings
FLD
$22.9M
$5.25M 0.25%
500,000
-250,000
-33% -$2.63M
HCVI
82
DELISTED
Hennessy Capital Investment Corp. VI Class A Common Stock
HCVI
$5.21M 0.25%
500,000
-250,000
-33% -$2.6M
NTG
83
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$5.09M 0.25%
132,704
-4,238
-3% -$151K
KSM
84
DELISTED
DWS Strategic Municipal Income Trust
KSM
$5.01M 0.24%
560,428
+252,587
+82% +$2.23M
KYCH
85
DELISTED
Keyarch Acquisition Corporation Ordinary Shares
KYCH
$4.92M 0.24%
400,000
– –
SPE
86
Special Opportunities Fund
SPE
$144M
$4.81M 0.23%
398,364
-50,135
-11% -$584K
GLO
87
Clough Global Opportunities Fund
GLO
$257M
$4.79M 0.23%
942,425
– –
MARX
88
DELISTED
Mars Acquisition Corp. Ordinary Shares
MARX
$4.72M 0.23%
442,206
+242,710
+122% +$2.59M
BGX
89
Blackstone Long-Short Credit Income Fund
BGX
$138M
$4.67M 0.23%
379,071
– –
DTF
90
DTF Tax-Free Income 2028 Term Fund
DTF
$80.9M
$4.63M 0.22%
430,976
– –
JPI
91
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
$4.56M 0.22%
236,776
+8,516
+4% +$159K
UCFI
92
CN Healthy Food Tech Group
UCFI
$4.48M 0.22%
+449,025
New +$4.49M
MIY icon
93
BlackRock MuniYield Michigan Quality Fund
MIY
$361M
$4.37M 0.21%
379,338
– –
CVII
94
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
$4.36M 0.21%
407,500
-20,000
-5% -$212K
DMF
95
DELISTED
BNY Mellon Municipal Income
DMF
$4.36M 0.21%
638,199
+376,903
+144% +$2.5M
AQU
96
DELISTED
Aquaron Acquisition Corp. Common Stock
AQU
$4.34M 0.21%
400,000
– –
KCGI
97
DELISTED
Kensington Capital Acquisition Corp. V
KCGI
$4.34M 0.21%
400,000
– –
EVN
98
Eaton Vance Municipal Income Trust
EVN
$430M
$4.32M 0.21%
421,008
+118,515
+39% +$1.2M
HUDA
99
DELISTED
Hudson Acquisition I Corp. Common Stock
HUDA
$4.24M 0.2%
400,000
– –
KDK
100
Kodiak AI
KDK
$921M
$4.23M 0.2%
400,203
-2,841
-0.7% -$29.9K
2 3
4
5 6

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Rivernorth Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Rivernorth Capital Management held 522 positions worth $2.07B, down 0.9% from $2.09B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $76.2M in Q1 2024, closing 59 positions and reducing 115 holdings. Its most notable exit was Gores Holdings IX, Inc. Class A Common Stock, an estimated $12.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.1% of assets, down from 10% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Rivernorth Capital Management opened a new position in Legato Merger Corp III Units worth $8.1M.

  • Rivernorth Capital Management's largest Q1 2024 buy was Legato Merger Corp III Units: 798,972 shares worth $8.1M.
  • Rivernorth Capital Management added most to Cornerstone Strategic Value Fund in Q1 2024, an estimated $15.6M increase.
  • Rivernorth Capital Management's biggest Q1 2024 reduction was Nuveen Preferred & Income Opportunities Fund, cutting an estimated $18.2M.
  • Rivernorth Capital Management fully exited Gores Holdings IX, Inc. Class A Common Stock in Q1 2024, selling an estimated $12.5M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q1 2024.
  • Rivernorth Capital Management opened 33 new positions and closed 59 in Q1 2024.
  • Rivernorth Capital Management's portfolio value fell 0.9% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2024, filed 15 May 2024.