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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
+3.94%
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
-$46.1M
Cap. Flow
-$126M
Cap. Flow %
-6.07%
Top 10 Hldgs %
30.91%
Holding
491
New
49
Increased
67
Reduced
60
Closed
103

Top Buys

Rank Stock Value
1
ACP
abrdn Income Credit Strategies Fund
ACP
+$26.9M
2
MHI
Pioneer Municipal High Income Fund
MHI
+$7.96M
3
PCF
High Income Securities Fund
PCF
+$7.68M
4
DMF
BNY Mellon Municipal Income
DMF
+$7.54M
5
OCSL icon
Oaktree Specialty Lending
OCSL
+$6.93M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$37.8M
2
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$19.8M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$13.1M
4
EIM
Eaton Vance Municipal Bond Fund
EIM
+$12.6M
5
CLM icon
Cornerstone Strategic Value Fund
CLM
+$10.7M

Sector Composition

Rank Sector Weight
1 Financials 7.8%
2 Technology 0.67%
3 Consumer Staples 0.25%
4 Consumer Discretionary 0.24%
5 Communication Services 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DYCQ
101
DELISTED
DT Cloud Acquisition Corp
DYCQ
$4.12M 0.2%
400,000
– –
CLBR
102
DELISTED
Colombier Acquisition Corp II
CLBR
$4.1M 0.2%
399,336
+12,813
+3% +$131K
XLU icon
103
State Street Utilities Select Sector SPDR ETF
XLU
$22.7B
$4.04M 0.2%
100,000
+35,362
+55% +$1.31M
SIMAU
104
SIM Acquisition Corp I Unit
SIMAU
$219M
$4.04M 0.19%
+401,902
New +$4.01M
ALF
105
Centurion Acquisition Corp
ALF
$390M
$4.01M 0.19%
+400,000
New +$4M
HONDU
106
DELISTED
HCM II Acquisition Corp Unit
HONDU
$4M 0.19%
+400,000
New +$4M
HIE
107
DELISTED
Miller/Howard High Income Equity Fund
HIE
$3.82M 0.18%
313,036
-60,000
-16% -$701K
CXE
108
DELISTED
MFS High Income Municipal Trust
CXE
$3.78M 0.18%
944,613
– –
BGX
109
Blackstone Long-Short Credit Income Fund
BGX
$138M
$3.73M 0.18%
291,604
-84,567
-22% -$1.08M
CLOE
110
DELISTED
Clover Leaf Capital Corp. Class A Common Stock
CLOE
$3.7M 0.18%
300,000
– –
BNY
111
DELISTED
BlackRock New York Municipal Income Trust
BNY
$3.66M 0.18%
333,170
+105,187
+46% +$1.14M
BRAC
112
DELISTED
Broad Capital Acquisition Corp Common Stock
BRAC
$3.62M 0.18%
317,925
-32,075
-9% -$367K
IFN
113
Aberdeen India Fund
IFN
$508M
$3.54M 0.17%
+186,138
New +$3.4M
FVNNU
114
Future Vision II Acquisition Corp Units
FVNNU
$3.5M 0.17%
+350,000
New +$3.51M
CXH
115
DELISTED
MFS Investment Grade Municipal Trust
CXH
$3.31M 0.16%
402,574
+60,569
+18% +$489K
PCQ
116
Pimco California Municipal Income Fund
PCQ
$168M
$3.29M 0.16%
330,170
+94,829
+40% +$909K
BKHA
117
Black Hawk Acquisition Corp
BKHA
$3.23M 0.16%
314,985
+63,015
+25% +$641K
JHI
118
John Hancock Investors Trust
JHI
$117M
$3.15M 0.15%
224,345
– –
GLAC
119
DELISTED
Global Lights Acquisition Corp Ordinary Shares
GLAC
$3.1M 0.15%
+296,802
New +$3.08M
CEP
120
DELISTED
Cantor Equity Partners
CEP
$3.07M 0.15%
+305,949
New +$3.06M
BWG
121
BrandywineGLOBAL Global Income Opportunities Fund
BWG
$130M
$3.05M 0.15%
344,613
-95,732
-22% -$827K
DTSQU
122
DT Cloud Star Acquisition Corp Units
DTSQU
$3.03M 0.15%
+300,000
New +$3.02M
SBXD.U
123
SilverBox Corp IV Units
SBXD.U
$3.01M 0.15%
+300,000
New +$3M
MACI
124
Melar Acquisition Corp I
MACI
$236M
$3M 0.14%
+299,998
New +$2.99M
ENX
125
DELISTED
Eaton Vance New York Municipal Bond Fund
ENX
$2.92M 0.14%
293,428
+98,897
+51% +$981K
3 4
5
6 7

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Rivernorth Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Rivernorth Capital Management held 491 positions worth $2.07B, down 2.2% from $2.12B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $126M in Q3 2024, closing 103 positions and reducing 60 holdings. Its most notable exit was Nuveen Preferred & Income Opportunities Fund, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.4% a quarter earlier, followed by Technology and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in abrdn Income Credit Strategies Fund worth $27.3M.

  • Rivernorth Capital Management's largest Q3 2024 buy was abrdn Income Credit Strategies Fund: 4,123,676 shares worth $27.3M.
  • Rivernorth Capital Management added most to Pioneer Municipal High Income Fund in Q3 2024, an estimated $7.96M increase.
  • Rivernorth Capital Management's biggest Q3 2024 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $19.8M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Opportunities Fund in Q3 2024, selling an estimated $37.8M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q3 2024.
  • Rivernorth Capital Management opened 49 new positions and closed 103 in Q3 2024.
  • Rivernorth Capital Management's portfolio value fell 2.2% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q3 2024, filed 14 Nov 2024.