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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
+1.99%
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
-$154M
Cap. Flow
-$183M
Cap. Flow %
-8.88%
Top 10 Hldgs %
28.76%
Holding
850
New
133
Increased
85
Reduced
77
Closed
212

Top Buys

Rank Stock Value
1
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$25.5M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$19.8M
3
PDI icon
PIMCO Dynamic Income Fund
PDI
+$17.5M
4
PHK
PIMCO High Income Fund
PHK
+$13M
5
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$11.9M

Top Sells

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$18.2M
3
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$14.6M
4
PEPL
PepperLime Health Acquisition Corporation Class A Ordinary Share
PEPL
+$13.1M
5
JWSM
Jaws Mustang Acquisition Corp.
JWSM
+$12.4M

Sector Composition

Rank Sector Weight
1 Financials 17.27%
2 Industrials 1.55%
3 Technology 1.3%
4 Healthcare 0.84%
5 Consumer Discretionary 0.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HUDAU
101
DELISTED
Hudson Acquisition I Corp. Unit
HUDAU
$4.16M 0.2%
400,000
– –
NUW icon
102
Nuveen AMT-Free Municipal Value Fund
NUW
$251M
$4.16M 0.2%
302,062
+708
+0.2% +$9.87K
GLO
103
Clough Global Opportunities Fund
GLO
$257M
$4.02M 0.19%
+821,587
New +$4.05M
BOCNU
104
DELISTED
Blue Ocean Acquisition Corp Unit
BOCNU
$3.9M 0.19%
372,595
– –
SPE
105
Special Opportunities Fund
SPE
$144M
$3.82M 0.19%
365,911
-148,273
-29% -$1.62M
BGX
106
Blackstone Long-Short Credit Income Fund
BGX
$138M
$3.81M 0.18%
349,489
– –
TENKU
107
DELISTED
TenX Keane Acquisition Unit
TENKU
$3.76M 0.18%
350,000
– –
BMAC
108
DELISTED
Black Mountain Acquisition Corp.
BMAC
$3.74M 0.18%
359,993
– –
BRAC
109
DELISTED
Broad Capital Acquisition Corp Common Stock
BRAC
$3.7M 0.18%
+350,000
New +$3.64M
SZZL
110
DELISTED
Sizzle Acquisition Corp. Common stock
SZZL
$3.57M 0.17%
340,774
-104,224
-23% -$1.08M
AACI
111
DELISTED
Armada Acquisition Corp. I Common Stock
AACI
$3.53M 0.17%
350,000
-1,135,000
-76% -$11.5M
DTF
112
DTF Tax-Free Income 2028 Term Fund
DTF
$80.9M
$3.53M 0.17%
318,411
-28,262
-8% -$312K
BTZ icon
113
BlackRock Credit Allocation Income Trust
BTZ
$956M
$3.48M 0.17%
338,476
-159,316
-32% -$1.7M
MQT
114
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$3.38M 0.16%
326,126
+53,296
+20% +$558K
NUO
115
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
$3.38M 0.16%
265,552
+95,384
+56% +$1.22M
JUGG
116
DELISTED
Jaws Juggernaut Acquisition Corporation Class A Ordinary Share
JUGG
$3.36M 0.16%
328,601
– –
WTMA
117
DELISTED
Welsbach Technology Metals Acquisition Corp. Common Stock
WTMA
$3.34M 0.16%
+322,133
New +$3.32M
CLOE
118
DELISTED
Clover Leaf Capital Corp. Class A Common Stock
CLOE
$3.33M 0.16%
300,000
– –
PMGM
119
DELISTED
Priveterra Acquisition Corp. II Class A Common Stock
PMGM
$3.25M 0.16%
314,426
– –
PML
120
PIMCO Municipal Income Fund II
PML
$496M
$3.2M 0.15%
+340,753
New +$3.15M
TOAC
121
DELISTED
Talon 1 Acquisition Corp. Class A Ordinary Shares
TOAC
$3.17M 0.15%
+300,155
New +$3.14M
MHF
122
Western Asset Municipal High Income Fund
MHF
$154M
$3.15M 0.15%
472,193
+105,477
+29% +$691K
NSL
123
DELISTED
NUVEEN SENIOR INCM FD
NSL
$3.15M 0.15%
679,725
-440,137
-39% -$2.1M
DSM
124
BNY Mellon Strategic Municipal Bond Fund
DSM
$290M
$3.14M 0.15%
522,613
+167,941
+47% +$983K
LGVC
125
DELISTED
LAMF Global Ventures Corp. I Class A Ordinary Shares
LGVC
$3.13M 0.15%
299,998
– –
3 4
5
6 7

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Rivernorth Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Rivernorth Capital Management held 850 positions worth $2.07B, down 7% from $2.22B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $183M in Q1 2023, closing 212 positions and reducing 77 holdings. Its most notable exit was Jaws Mustang Acquisition Corp., an estimated $12.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 20% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in PIMCO Income Strategy Fund II worth $7.72M.

  • Rivernorth Capital Management's largest Q1 2023 buy was PIMCO Income Strategy Fund II: 1,077,061 shares worth $7.72M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Municipal Credit Income Fund in Q1 2023, an estimated $25.5M increase.
  • Rivernorth Capital Management's biggest Q1 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $29.7M.
  • Rivernorth Capital Management fully exited Jaws Mustang Acquisition Corp. in Q1 2023, selling an estimated $12.4M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $2.07B portfolio in Q1 2023.
  • Rivernorth Capital Management opened 133 new positions and closed 212 in Q1 2023.
  • Rivernorth Capital Management's portfolio value fell 7% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2023, filed 15 May 2023.