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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
+2.06%
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
$1.67B
AUM Growth
-$17.3M
Cap. Flow
-$148M
Cap. Flow %
-8.89%
Top 10 Hldgs %
31.26%
Holding
591
New
236
Increased
60
Reduced
68
Closed
132

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$46.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$14.7M
3
HIO
Western Asset High Income Opportunity Fund
HIO
+$10.6M
4
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$8.71M
5
EIM
Eaton Vance Municipal Bond Fund
EIM
+$8.12M

Top Sells

Rank Stock Value
1
OBDC icon
Blue Owl Capital
OBDC
+$36.1M
2
NMCO icon
Nuveen Municipal Credit Opportunities Fund
NMCO
+$26.9M
3
BCSF icon
Bain Capital Specialty
BCSF
+$26.5M
4
EVV
Eaton Vance Limited Duration Income Fund
EVV
+$20.3M
5
NUM
Nuveen Michigan Quality Municipal Income Fund
NUM
+$16.9M

Sector Composition

Rank Sector Weight
1 Financials 8%
2 Healthcare 0.99%
3 Consumer Discretionary 0.78%
4 Technology 0.76%
5 Industrials 0.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JHB
101
DELISTED
Nuveen Corporate Income November 2021 Target Term Fund
JHB
$2.71M 0.16%
289,484
+107,491
+59% +$1M
NXJ
102
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$2.69M 0.16%
+185,554
New +$2.66M
FPL
103
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
$2.64M 0.16%
494,665
-373,192
-43% -$1.83M
NCV
104
Virtus Convertible & Income Fund
NCV
$391M
$2.59M 0.16%
114,471
+79,007
+223% +$1.82M
MYC
105
DELISTED
Blackrock Muni Yield California Fund, Inc.
MYC
$2.53M 0.15%
171,944
+134,435
+358% +$1.98M
MUDS
106
DELISTED
Mudrick Capital Acquisition Corporation II Class A Common Stock
MUDS
$2.53M 0.15%
+199,998
New +$2.01M
VCKAU
107
DELISTED
Vickers Vantage Corp. I Unit
VCKAU
$2.52M 0.15%
+250,000
New +$2.57M
CXH
108
DELISTED
MFS Investment Grade Municipal Trust
CXH
$2.47M 0.15%
+251,909
New +$2.47M
FUND
109
Sprott Focus Trust
FUND
$317M
$2.46M 0.15%
315,103
-278,348
-47% -$2.13M
MSPR
110
DELISTED
MSP Recovery Inc
MSPR
$2.46M 0.15%
57
– –
OBDC icon
111
Blue Owl Capital
OBDC
$5.76B
$2.36M 0.14%
171,211
-2,652,452
-94% -$36.1M
SHPW
112
DELISTED
Shapeways Holdings, Inc. Common Stock
SHPW
$2.35M 0.14%
29,375
– –
LQD icon
113
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.7B
$2.3M 0.14%
+17,700
New +$2.35M
MYF
114
DELISTED
Blackrock Muni Yield Investment Fund, Inc.
MYF
$2.3M 0.14%
+165,110
New +$2.3M
VCVC
115
DELISTED
10X Capital Venture Acquisition Corp
VCVC
$2.25M 0.14%
+224,998
New +$2.55M
FIF
116
DELISTED
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
$2.08M 0.12%
167,765
-157,121
-48% -$1.79M
AUS.U
117
DELISTED
Austerlitz Acquisition Corporation I Units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant
AUS.U
$2.06M 0.12%
+205,029
New +$2.08M
SEAH
118
DELISTED
Sports Entertainment Acquisition Corp.
SEAH
$2.05M 0.12%
209,998
– –
VMO icon
119
Invesco Municipal Opportunity Trust
VMO
$661M
$2.05M 0.12%
155,553
-829,233
-84% -$10.8M
NHIC
120
DELISTED
NewHold Investment Corp. Class A Common Stock
NHIC
$2M 0.12%
199,998
– –
REVB icon
121
Revelation Biosciences
REVB
$4.34M
$2M 0.12%
1
– –
BENE
122
DELISTED
Benessere Capital Acquisition Corp. Class A Common Stock
BENE
$1.99M 0.12%
+199,996
New +$2.01M
GBTG icon
123
American Express Global Business Travel
GBTG
$4.94B
$1.98M 0.12%
199,998
– –
NBSTU
124
DELISTED
Newbury Street Acquisition Corporation Units
NBSTU
$1.98M 0.12%
+200,000
New +$1.98M
ATSPU
125
DELISTED
Archimedes Tech SPAC Partners Co. Unit
ATSPU
$1.98M 0.12%
+200,000
New +$1.98M
3 4
5
6 7

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Rivernorth Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, Rivernorth Capital Management held 591 positions worth $1.67B, down 1% from $1.68B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $148M in Q1 2021, closing 132 positions and reducing 68 holdings. Its most notable exit was Nuveen Municipal Credit Opportunities Fund, an estimated $26.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8% of assets, down from 11% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock MuniHoldings Fund worth $14.6M.

  • Rivernorth Capital Management's largest Q1 2021 buy was BlackRock MuniHoldings Fund: 911,692 shares worth $14.6M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q1 2021, an estimated $46.7M increase.
  • Rivernorth Capital Management's biggest Q1 2021 reduction was Blue Owl Capital, cutting an estimated $36.1M.
  • Rivernorth Capital Management fully exited Nuveen Municipal Credit Opportunities Fund in Q1 2021, selling an estimated $26.9M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.67B portfolio in Q1 2021.
  • Rivernorth Capital Management opened 236 new positions and closed 132 in Q1 2021.
  • Rivernorth Capital Management's portfolio value fell 1% quarter-over-quarter to $1.67B.

Based on Rivernorth Capital Management's 13F filing for Q1 2021, filed 17 May 2021.