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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
+3.94%
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
-$46.1M
Cap. Flow
-$126M
Cap. Flow %
-6.07%
Top 10 Hldgs %
30.91%
Holding
491
New
49
Increased
67
Reduced
60
Closed
103

Top Buys

Rank Stock Value
1
ACP
abrdn Income Credit Strategies Fund
ACP
+$26.9M
2
MHI
Pioneer Municipal High Income Fund
MHI
+$7.96M
3
PCF
High Income Securities Fund
PCF
+$7.68M
4
DMF
BNY Mellon Municipal Income
DMF
+$7.54M
5
OCSL icon
Oaktree Specialty Lending
OCSL
+$6.93M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$37.8M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$19.8M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$13.1M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$12.6M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$10.7M

Sector Composition

Rank Sector Weight
1 Financials 7.8%
2 Technology 0.67%
3 Consumer Staples 0.25%
4 Consumer Discretionary 0.24%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HCVI
76
DELISTED
Hennessy Capital Investment Corp. VI Class A Common Stock
HCVI
$5.79M 0.28%
500,000
– –
FMN
77
Federated Hermes Premier Municipal Income Fund
FMN
$87.1M
$5.7M 0.28%
459,191
-488,120
-52% -$5.78M
BFAC
78
DELISTED
Battery Future Acquisition Corp.
BFAC
$5.54M 0.27%
500,000
– –
CUBWU
79
Lionheart Holdings Unit
CUBWU
$5.46M 0.26%
545,157
+145,157
+36% +$1.45M
FLD
80
Fold Holdings
FLD
$22.9M
$5.42M 0.26%
500,000
– –
BSL
81
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$170M
$5.29M 0.26%
374,898
– –
VCICU
82
DELISTED
Vine Hill Capital Investment Corp Unit
VCICU
$5.28M 0.26%
+528,394
New +$5.28M
POLEU
83
Andretti Acquisition Corp II Unit
POLEU
$5.25M 0.25%
+525,333
New +$5.25M
UCFI
84
CN Healthy Food Tech Group
UCFI
$5.18M 0.25%
508,133
+59,108
+13% +$598K
MPV
85
Barings Participation Investors
MPV
$176M
$5.06M 0.24%
298,560
-136,306
-31% -$2.22M
FTW.U
86
DELISTED
EQV Ventures Acquisition Corp Units
FTW.U
$4.96M 0.24%
+500,000
New +$4.98M
DTF
87
DTF Tax-Free Income 2028 Term Fund
DTF
$80.9M
$4.86M 0.23%
430,976
– –
MIY icon
88
BlackRock MuniYield Michigan Quality Fund
MIY
$361M
$4.86M 0.23%
404,338
+25,000
+7% +$293K
CMU
89
DELISTED
MFS High Yield Municipal Trust
CMU
$4.84M 0.23%
1,320,718
+219,483
+20% +$780K
KYN icon
90
Kayne Anderson Energy Infrastructure Fund
KYN
$2.48B
$4.82M 0.23%
438,272
-529,152
-55% -$5.62M
LPAAU
91
Launch One Acquisition Corp Unit
LPAAU
$4.61M 0.22%
+460,587
New +$4.6M
CLM icon
92
Cornerstone Strategic Value Fund
CLM
$2.25B
$4.59M 0.22%
606,850
-1,430,390
-70% -$10.7M
GPAT
93
GP-Act III Acquisition Corp
GPAT
$4.55M 0.22%
+451,198
New +$4.52M
CAPNU
94
Cayson Acquisition Corp Unit
CAPNU
$4.51M 0.22%
+450,000
New +$4.51M
YHNAU
95
YHN Acquisition I Ltd Unit
YHNAU
$4.46M 0.22%
+445,000
New +$4.46M
MARX
96
DELISTED
Mars Acquisition Corp. Ordinary Shares
MARX
$4.41M 0.21%
400,000
-42,206
-10% -$462K
IXAQ
97
DELISTED
IX Acquisition Corp. Class A Ordinary Share
IXAQ
$4.35M 0.21%
375,000
– –
KDK
98
Kodiak AI
KDK
$921M
$4.33M 0.21%
400,203
– –
SPE
99
Special Opportunities Fund
SPE
$144M
$4.32M 0.21%
324,888
-14,492
-4% -$188K
VACHU
100
DELISTED
Voyager Acquisition Corp Unit
VACHU
$4.2M 0.2%
+420,000
New +$4.19M
2 3
4
5 6

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Rivernorth Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Rivernorth Capital Management held 491 positions worth $2.07B, down 2.2% from $2.12B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $126M in Q3 2024, closing 103 positions and reducing 60 holdings. Its most notable exit was Nuveen Preferred & Income Opportunities Fund, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.4% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in abrdn Income Credit Strategies Fund worth $27.3M.

  • Rivernorth Capital Management's largest Q3 2024 buy was abrdn Income Credit Strategies Fund: 4,123,676 shares worth $27.3M.
  • Rivernorth Capital Management added most to Pioneer Municipal High Income Fund in Q3 2024, an estimated $7.96M increase.
  • Rivernorth Capital Management's biggest Q3 2024 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $19.8M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Opportunities Fund in Q3 2024, selling an estimated $37.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q3 2024.
  • Rivernorth Capital Management opened 49 new positions and closed 103 in Q3 2024.
  • Rivernorth Capital Management's portfolio value fell 2.2% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.