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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
+3.24%
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
$2.22B
AUM Growth
-$9.14M
Cap. Flow
-$68.7M
Cap. Flow %
-3.1%
Top 10 Hldgs %
27.51%
Holding
975
New
103
Increased
138
Reduced
81
Closed
258

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$29.4M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$26.8M
4
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$26M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$21.4M

Top Sells

Rank Stock Value
1
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$41.4M
2
GBDC icon
Golub Capital BDC
GBDC
+$35.8M
3
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$15.2M
4
VKQ icon
Invesco Municipal Trust
VKQ
+$15M
5
VVR icon
Invesco Senior Income Trust
VVR
+$12.6M

Sector Composition

Rank Sector Weight
1 Financials 19.93%
2 Industrials 1.07%
3 Technology 1.07%
4 Healthcare 0.96%
5 Consumer Discretionary 0.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YTPG
101
DELISTED
TPG Pace Beneficial II Corp.
YTPG
$4.42M 0.2%
449,506
– –
JCIC
102
DELISTED
Jack Creek Investment Corp. Class A Ordinary Shares
JCIC
$4.41M 0.2%
435,244
– –
TRAQ
103
DELISTED
Trine II Acquisition Corp.
TRAQ
$4.38M 0.2%
424,998
– –
EVM
104
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
$4.3M 0.19%
497,704
-229,358
-32% -$1.96M
YOTA
105
DELISTED
Yotta Acquisition Corporation Common Stock
YOTA
$4.27M 0.19%
+425,000
New +$4.23M
GBDC icon
106
Golub Capital BDC
GBDC
$3.43B
$4.21M 0.19%
319,722
-2,714,455
-89% -$35.8M
LION
107
DELISTED
Lionheart III Corp Class A Common Stock
LION
$4.1M 0.18%
399,998
– –
LIVB
108
DELISTED
LIV Capital Acquisition Corp. II Class A Ordinary Shares
LIVB
$4.1M 0.18%
399,996
– –
NUW icon
109
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
$4.1M 0.18%
301,354
-129,169
-30% -$1.73M
AIF
110
DELISTED
Apollo Tactical Income Fund Inc.
AIF
$4.1M 0.18%
338,034
-33,781
-9% -$411K
BSL
111
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$171M
$4.09M 0.18%
328,894
+4,550
+1% +$57.3K
HUDAU
112
DELISTED
Hudson Acquisition I Corp. Unit
HUDAU
$4.08M 0.18%
+400,000
New +$4.05M
KYCHU
113
DELISTED
Keyarch Acquisition Corporation Unit
KYCHU
$4.06M 0.18%
400,000
– –
AQUNU
114
DELISTED
Aquaron Acquisition Corp. Units
AQUNU
$4.06M 0.18%
+400,000
New +$4.06M
BOCNU
115
DELISTED
Blue Ocean Acquisition Corp Unit
BOCNU
$3.94M 0.18%
372,595
– –
LOKM
116
DELISTED
Live Oak Mobility Acquisition Corp.
LOKM
$3.8M 0.17%
378,149
+321,879
+572% +$3.2M
BGX
117
Blackstone Long-Short Credit Income Fund
BGX
$138M
$3.79M 0.17%
349,489
-800
-0.2% -$8.77K
DTF
118
DTF Tax-Free Income 2028 Term Fund
DTF
$81.1M
$3.78M 0.17%
346,673
-86,251
-20% -$954K
CCVI.U
119
DELISTED
Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant
CCVI.U
$3.74M 0.17%
374,244
+244,244
+188% +$2.43M
BMAC
120
DELISTED
Black Mountain Acquisition Corp.
BMAC
$3.67M 0.17%
359,993
+210,000
+140% +$2.12M
TENKU
121
DELISTED
TenX Keane Acquisition Unit
TENKU
$3.62M 0.16%
+350,000
New +$3.56M
RFACU
122
DELISTED
RF Acquisition Corp. Unit
RFACU
$3.59M 0.16%
350,000
– –
BRACU
123
DELISTED
Broad Capital Acquisition Corp Unit
BRACU
$3.58M 0.16%
350,000
– –
DSAQ
124
DELISTED
Direct Selling Acquisition Corp.
DSAQ
$3.55M 0.16%
344,999
+220,000
+176% +$2.24M
TEI
125
Templeton Emerging Markets Income Fund
TEI
$321M
$3.44M 0.15%
626,391
-17,317
-3% -$83.3K
3 4
5
6 7

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Rivernorth Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Rivernorth Capital Management held 975 positions worth $2.22B, down 0.41% from $2.23B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Rivernorth Capital Management withdrew a net $68.7M in Q4 2022, closing 258 positions and reducing 81 holdings. Its most notable exit was Nuveen New York AMT-Free Quality Municipal Income Fund, an estimated $41.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 27% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock Corporate High Yield Fund worth $20.8M.

  • Rivernorth Capital Management's largest Q4 2022 buy was BlackRock Corporate High Yield Fund: 2,381,391 shares worth $20.8M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q4 2022, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q4 2022 reduction was Golub Capital BDC, cutting an estimated $35.8M.
  • Rivernorth Capital Management fully exited Nuveen New York AMT-Free Quality Municipal Income Fund in Q4 2022, selling an estimated $41.4M.
  • Rivernorth Capital Management's ten largest holdings make up 28% of its $2.22B portfolio in Q4 2022.
  • Rivernorth Capital Management opened 103 new positions and closed 258 in Q4 2022.
  • Rivernorth Capital Management's portfolio value fell 0.41% quarter-over-quarter to $2.22B.

Based on Rivernorth Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.