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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
+9.45%
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
$2.09B
AUM Growth
+$159M
Cap. Flow
-$8M
Cap. Flow %
-0.38%
Top 10 Hldgs %
31.09%
Holding
587
New
43
Increased
68
Reduced
80
Closed
98

Top Buys

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$50.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$21.8M
3
MYD
BlackRock MuniYield Fund
MYD
+$19.7M
4
NUV icon
Nuveen Municipal Value Fund
NUV
+$13.2M
5
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$12.5M

Top Sells

Rank Stock Value
1
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$42M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$28.5M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$23.2M
4
ZTR
Virtus Total Return Fund
ZTR
+$18M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$17.3M

Sector Composition

Rank Sector Weight
1 Financials 10.43%
2 Technology 0.93%
3 Healthcare 0.8%
4 Industrials 0.53%
5 Consumer Discretionary 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GCTS
101
GCT Semiconductor Holding
GCTS
$189M
$3.96M 0.19%
+375,000
New +$3.98M
BRAC
102
DELISTED
Broad Capital Acquisition Corp Common Stock
BRAC
$3.89M 0.19%
350,000
– –
CTOR
103
Citius Oncology
CTOR
$68.7M
$3.83M 0.18%
350,000
– –
BMN icon
104
BlackRock 2037 Municipal Target Term Trust
BMN
$155M
$3.81M 0.18%
+160,154
New +$3.71M
AACI
105
DELISTED
Armada Acquisition Corp. I Common Stock
AACI
$3.77M 0.18%
350,000
– –
PCK
106
DELISTED
Pimco California Municipal Income Fund II
PCK
$3.76M 0.18%
649,044
-448,579
-41% -$2.41M
SZZL
107
DELISTED
Sizzle Acquisition Corp. Common stock
SZZL
$3.75M 0.18%
340,774
– –
CLOE
108
DELISTED
Clover Leaf Capital Corp. Class A Common Stock
CLOE
$3.5M 0.17%
300,000
– –
BTZ icon
109
BlackRock Credit Allocation Income Trust
BTZ
$958M
$3.48M 0.17%
337,313
-13,350
-4% -$131K
PMGM
110
DELISTED
Priveterra Acquisition Corp. II Class A Common Stock
PMGM
$3.46M 0.17%
+314,426
New +$3.42M
CXE
111
DELISTED
MFS High Income Municipal Trust
CXE
$3.4M 0.16%
957,100
-52,500
-5% -$172K
VPV icon
112
Invesco Pennsylvania Value Municipal Income Trust
VPV
$200M
$3.18M 0.15%
317,859
+265,992
+513% +$2.48M
XLU icon
113
State Street Utilities Select Sector SPDR ETF
XLU
$22.7B
$3.17M 0.15%
+100,000
New +$3.06M
PGP
114
PIMCO Global StockPLUS & Income Fund
PGP
$101M
$3.11M 0.15%
415,224
+42,148
+11% +$283K
WRAC
115
DELISTED
Williams Rowland Acquisition Corp.
WRAC
$3.11M 0.15%
297,000
– –
EVN
116
Eaton Vance Municipal Income Trust
EVN
$429M
$2.97M 0.14%
302,493
+39,611
+15% +$369K
BACA
117
DELISTED
Berenson Acquisition Corp. I
BACA
$2.93M 0.14%
285,715
– –
NXJ
118
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$2.9M 0.14%
246,283
-178,725
-42% -$1.96M
MBTC
119
DELISTED
Nocturne Acquisition Corporation Ordinary Shares
MBTC
$2.87M 0.14%
246,352
– –
RFAC
120
DELISTED
RF Acquisition Corp. Class A Common Stock
RFAC
$2.77M 0.13%
258,463
– –
PNI
121
PIMCO New York Municipal Income Fund II
PNI
$78M
$2.75M 0.13%
362,953
-5,908
-2% -$40.1K
SHAP
122
DELISTED
Spree Acquisition Corp. 1 Limited
SHAP
$2.71M 0.13%
+250,000
New +$2.72M
NBST
123
DELISTED
Newbury Street Acquisition Corporation Common Stock
NBST
$2.7M 0.13%
254,203
– –
PRLH
124
DELISTED
Pearl Holdings Acquisition Corp Class A Ordinary Shares
PRLH
$2.68M 0.13%
250,000
+80,000
+47% +$859K
XFIN
125
DELISTED
ExcelFin Acquisition Corp Class A Common Stock
XFIN
$2.67M 0.13%
+249,501
New +$2.66M
3 4
5
6 7

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Rivernorth Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Rivernorth Capital Management held 587 positions worth $2.09B, up 8.3% from $1.93B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management's Q4 2023 filing shows 43 new, 68 increased, 80 reduced and 98 closed positions. Its largest new stake was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M. The largest sale was Nuveen Preferred & Income Securities Fund, an estimated $42M.

By sector, the portfolio is most concentrated in Financials at 10% of assets, down from 12% a quarter earlier, followed by Technology and Healthcare.

  • Rivernorth Capital Management's largest Q4 2023 buy was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M.
  • Rivernorth Capital Management added most to Nuveen Preferred & Income Opportunities Fund in Q4 2023, an estimated $50.4M increase.
  • Rivernorth Capital Management's biggest Q4 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $28.5M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q4 2023, selling an estimated $42M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.09B portfolio in Q4 2023.
  • Rivernorth Capital Management opened 43 new positions and closed 98 in Q4 2023.
  • Rivernorth Capital Management's portfolio value rose 8.3% quarter-over-quarter to $2.09B.

Based on Rivernorth Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.