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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
-4.74%
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
$2.23B
AUM Growth
-$240M
Cap. Flow
-$153M
Cap. Flow %
-6.87%
Top 10 Hldgs %
22.33%
Holding
940
New
121
Increased
146
Reduced
85
Closed
68

Top Buys

Rank Stock Value
1
ZTR
Virtus Total Return Fund
ZTR
+$22.4M
2
PAXS
PIMCO Access Income Fund
PAXS
+$16M
3
VVR icon
Invesco Senior Income Trust
VVR
+$9.57M
4
BFK
BlackRock Municipal Income Trust
BFK
+$9.31M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$7.54M

Top Sells

Rank Stock Value
1
PSTH
Pershing Square Tontine Holdings, Ltd.
PSTH
+$41.6M
2
CLM icon
Cornerstone Strategic Value Fund
CLM
+$33.6M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$32.8M
4
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$28.1M
5
PTA icon
Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA
+$24.8M

Sector Composition

Rank Sector Weight
1 Financials 27.26%
2 Healthcare 1.37%
3 Technology 1.26%
4 Industrials 0.95%
5 Communication Services 0.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VMO icon
101
Invesco Municipal Opportunity Trust
VMO
$663M
$4.72M 0.21%
518,689
-122,477
-19% -$1.25M
NUO
102
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
$4.71M 0.21%
400,696
– –
NCA icon
103
Nuveen California Municipal Value Fund
NCA
$304M
$4.67M 0.21%
565,226
-30,414
-5% -$270K
NSL
104
DELISTED
NUVEEN SENIOR INCM FD
NSL
$4.62M 0.21%
990,136
+606,304
+158% +$2.99M
NOAC
105
DELISTED
Natural Order Acquisition Corp. Common Stock
NOAC
$4.61M 0.21%
461,600
+211,600
+85% +$2.1M
PHK
106
PIMCO High Income Fund
PHK
$875M
$4.6M 0.21%
989,089
+844,874
+586% +$4.32M
SHAP.U
107
DELISTED
Spree Acquisition Corp. 1 Limited Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
SHAP.U
$4.56M 0.2%
450,000
– –
SZZLU
108
DELISTED
Sizzle Acquisition Corp. Unit
SZZLU
$4.5M 0.2%
445,000
– –
TEKK
109
DELISTED
Tekkorp Digital Acquisition Corp. Class A Ordinary Shares
TEKK
$4.45M 0.2%
444,304
+344,306
+344% +$3.43M
YTPG
110
DELISTED
TPG Pace Beneficial II Corp.
YTPG
$4.39M 0.2%
449,506
+405,000
+910% +$3.95M
AIF
111
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$4.38M 0.2%
371,815
-8,456
-2% -$108K
SEPA
112
DELISTED
SEP Acquisition Corp Class A Common Stock
SEPA
$4.35M 0.2%
437,500
– –
JCIC
113
DELISTED
Jack Creek Investment Corp. Class A Ordinary Shares
JCIC
$4.33M 0.19%
435,244
+35,262
+9% +$349K
TRAQ
114
DELISTED
Trine II Acquisition Corp.
TRAQ
$4.26M 0.19%
424,998
+125,000
+42% +$1.25M
YOTAU
115
DELISTED
Yotta Acquisition Corporation Unit
YOTAU
$4.25M 0.19%
425,000
– –
LCA
116
DELISTED
Landcadia Holdings IV, Inc. Class A Common Stock
LCA
$4.23M 0.19%
430,000
+330,000
+330% +$3.23M
CCVI
117
DELISTED
Churchill Capital Corp VI
CCVI
$4.22M 0.19%
429,243
+101,903
+31% +$1M
MFM
118
Aberdeen Municipal Income Fund
MFM
$222M
$4.11M 0.18%
848,231
-301,896
-26% -$1.67M
BSL
119
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$170M
$4.07M 0.18%
324,344
+137,478
+74% +$1.83M
LION
120
DELISTED
Lionheart III Corp Class A Common Stock
LION
$4.04M 0.18%
399,998
– –
LIVB
121
DELISTED
LIV Capital Acquisition Corp. II Class A Ordinary Shares
LIVB
$4.03M 0.18%
+399,996
New +$4.01M
KYCHU
122
DELISTED
Keyarch Acquisition Corporation Unit
KYCHU
$4.02M 0.18%
400,000
– –
BLE
123
DELISTED
BlackRock Municipal Income Trust II
BLE
$3.97M 0.18%
396,648
-183,812
-32% -$2.06M
ENX
124
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$3.95M 0.18%
467,355
-61,320
-12% -$584K
BGX
125
Blackstone Long-Short Credit Income Fund
BGX
$138M
$3.82M 0.17%
350,289
+2,767
+0.8% +$32.7K
3 4
5
6 7

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Rivernorth Capital Management's Q3 2022 Portfolio in Review

As of Q3 2022, Rivernorth Capital Management held 940 positions worth $2.23B, down 9.7% from $2.47B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Rivernorth Capital Management withdrew a net $153M in Q3 2022, closing 68 positions and reducing 85 holdings. Its most notable exit was Pershing Square Tontine Holdings, Ltd., an estimated $41.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, up from 22% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Rivernorth Capital Management opened a new position in Virtus Total Return Fund worth $17.8M.

  • Rivernorth Capital Management's largest Q3 2022 buy was Virtus Total Return Fund: 2,860,573 shares worth $17.8M.
  • Rivernorth Capital Management added most to PIMCO Access Income Fund in Q3 2022, an estimated $16M increase.
  • Rivernorth Capital Management's biggest Q3 2022 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $32.8M.
  • Rivernorth Capital Management fully exited Pershing Square Tontine Holdings, Ltd. in Q3 2022, selling an estimated $41.6M.
  • Rivernorth Capital Management's ten largest holdings make up 22% of its $2.23B portfolio in Q3 2022.
  • Rivernorth Capital Management opened 121 new positions and closed 68 in Q3 2022.
  • Rivernorth Capital Management's portfolio value fell 9.7% quarter-over-quarter to $2.23B.

Based on Rivernorth Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.