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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
+3.64%
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
-$18.8M
Cap. Flow
-$76.2M
Cap. Flow %
-3.68%
Top 10 Hldgs %
30.81%
Holding
522
New
33
Increased
41
Reduced
115
Closed
59

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$15.6M
2
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$9.29M
3
LEGT.U
Legato Merger Corp III Units
LEGT.U
+$8.06M
4
EAD
Allspring Income Opportunities Fund
EAD
+$7.05M
5
BCX icon
BlackRock Resources & Commodities Strategy Trust
BCX
+$5.41M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$18.2M
2
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$14.2M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$12.5M
4
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$12.5M
5
PAXS
PIMCO Access Income Fund
PAXS
+$8.7M

Sector Composition

Rank Sector Weight
1 Financials 9.07%
2 Technology 0.91%
3 Healthcare 0.64%
4 Industrials 0.4%
5 Materials 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IXAQ
101
DELISTED
IX Acquisition Corp. Class A Ordinary Share
IXAQ
$4.2M 0.2%
375,000
– –
BWG
102
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$131M
$4.13M 0.2%
486,644
-68,302
-12% -$575K
DYCQU
103
DELISTED
DT Cloud Acquisition Corp Unit
DYCQU
$4.06M 0.2%
+400,000
New +$4.06M
BMN icon
104
BlackRock 2037 Municipal Target Term Trust
BMN
$155M
$3.99M 0.19%
165,564
+5,410
+3% +$130K
CLBR
105
DELISTED
Colombier Acquisition Corp II
CLBR
$3.97M 0.19%
+386,523
New +$3.94M
BRAC
106
DELISTED
Broad Capital Acquisition Corp Common Stock
BRAC
$3.93M 0.19%
350,000
– –
AACI
107
DELISTED
Armada Acquisition Corp. I Common Stock
AACI
$3.88M 0.19%
350,000
– –
CTOR
108
Citius Oncology
CTOR
$67.9M
$3.87M 0.19%
350,000
– –
GCTS
109
GCT Semiconductor Holding
GCTS
$188M
$3.77M 0.18%
375,000
– –
CLOE
110
DELISTED
Clover Leaf Capital Corp. Class A Common Stock
CLOE
$3.6M 0.17%
300,000
– –
CBH
111
DELISTED
Virtus Convertible & Income 2024 Target Term Fund
CBH
$3.5M 0.17%
397,300
+134,572
+51% +$1.18M
CXE
112
DELISTED
MFS High Income Municipal Trust
CXE
$3.43M 0.17%
945,301
-11,799
-1% -$42.3K
XLU icon
113
State Street Utilities Select Sector SPDR ETF
XLU
$22.7B
$3.28M 0.16%
100,000
– –
VPV icon
114
Invesco Pennsylvania Value Municipal Income Trust
VPV
$201M
$3.26M 0.16%
317,859
– –
BKHAU
115
Black Hawk Acquisition Corp Units
BKHAU
$85.2M
$3.2M 0.15%
+315,000
New +$3.2M
PGP
116
PIMCO Global StockPLUS & Income Fund
PGP
$101M
$3.18M 0.15%
415,224
– –
NXJ
117
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$2.98M 0.14%
246,283
– –
JHI
118
John Hancock Investors Trust
JHI
$118M
$2.96M 0.14%
224,345
+200,000
+822% +$2.62M
BACA
119
DELISTED
Berenson Acquisition Corp. I
BACA
$2.95M 0.14%
285,715
– –
CMU
120
DELISTED
MFS High Yield Municipal Trust
CMU
$2.87M 0.14%
861,357
+157,939
+22% +$521K
RFAC
121
DELISTED
RF Acquisition Corp. Class A Common Stock
RFAC
$2.79M 0.14%
258,463
– –
MBTC
122
DELISTED
Nocturne Acquisition Corporation Ordinary Shares
MBTC
$2.76M 0.13%
240,720
-5,632
-2% -$64.5K
XFIN
123
DELISTED
ExcelFin Acquisition Corp Class A Common Stock
XFIN
$2.73M 0.13%
249,501
– –
PRLH
124
DELISTED
Pearl Holdings Acquisition Corp Class A Ordinary Shares
PRLH
$2.7M 0.13%
250,000
– –
YOTA
125
DELISTED
Yotta Acquisition Corporation Common Stock
YOTA
$2.69M 0.13%
248,680
– –
3 4
5
6 7

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Rivernorth Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Rivernorth Capital Management held 522 positions worth $2.07B, down 0.9% from $2.09B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $76.2M in Q1 2024, closing 59 positions and reducing 115 holdings. Its most notable exit was Gores Holdings IX, Inc. Class A Common Stock, an estimated $12.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.1% of assets, down from 10% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Rivernorth Capital Management opened a new position in Legato Merger Corp III Units worth $8.1M.

  • Rivernorth Capital Management's largest Q1 2024 buy was Legato Merger Corp III Units: 798,972 shares worth $8.1M.
  • Rivernorth Capital Management added most to Cornerstone Strategic Value Fund in Q1 2024, an estimated $15.6M increase.
  • Rivernorth Capital Management's biggest Q1 2024 reduction was Nuveen Preferred & Income Opportunities Fund, cutting an estimated $18.2M.
  • Rivernorth Capital Management fully exited Gores Holdings IX, Inc. Class A Common Stock in Q1 2024, selling an estimated $12.5M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q1 2024.
  • Rivernorth Capital Management opened 33 new positions and closed 59 in Q1 2024.
  • Rivernorth Capital Management's portfolio value fell 0.9% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2024, filed 15 May 2024.