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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
+0.01%
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
$1.88B
AUM Growth
-$193M
Cap. Flow
-$191M
Cap. Flow %
-10.13%
Top 10 Hldgs %
26.86%
Holding
449
New
40
Increased
54
Reduced
68
Closed
89

Top Buys

Rank Stock Value
1
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$6.71M
2
FGMCU
FG Merger II Corp Unit
FGMCU
+$6.3M
3
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$6.17M
4
PMX
PIMCO Municipal Income Fund III
PMX
+$5.82M
5
BINC icon
BlackRock Flexible Income ETF
BINC
+$5.69M

Top Sells

Rank Stock Value
1
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$27.2M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$22.7M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$22M
4
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$18.1M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$15M

Sector Composition

Rank Sector Weight
1 Financials 9.55%
2 Industrials 0.58%
3 Consumer Staples 0.28%
4 Energy 0.27%
5 Utilities 0.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DYNC
101
Dynamix Corp
DYNC
$240M
$4.97M 0.26%
500,000
+10,000
+2% +$98.5K
PGACU
102
Pantages Capital Acquisition Corp Unit
PGACU
$4.6M 0.24%
450,000
– –
CAPN
103
Cayson Acquisition Corp
CAPN
$4.59M 0.24%
450,000
– –
LPAA
104
Launch One Acquisition Corp
LPAA
$81.4M
$4.58M 0.24%
448,642
+81,498
+22% +$825K
YHNA
105
YHN Acquisition I Ltd
YHNA
$4.54M 0.24%
445,000
– –
ATIIU
106
Archimedes Tech SPAC Partners II Co Unit
ATIIU
$4.54M 0.24%
+450,000
New +$4.52M
GSHRU
107
Gesher Acquisition Corp II Units
GSHRU
$138M
$4.51M 0.24%
+450,000
New +$4.51M
MIY icon
108
BlackRock MuniYield Michigan Quality Fund
MIY
$361M
$4.43M 0.24%
389,517
-14,821
-4% -$170K
GPAT
109
GP-Act III Acquisition Corp
GPAT
$4.34M 0.23%
421,842
– –
NOEMU
110
CO2 Energy Transition Corp Unit
NOEMU
$4.34M 0.23%
428,479
– –
DMAAU
111
Drugs Made In America Acquisition Corp Units
DMAAU
$4.28M 0.23%
+420,498
New +$4.24M
VACH
112
DELISTED
Voyager Acquisition Corp
VACH
$4.28M 0.23%
420,000
– –
NMCO icon
113
Nuveen Municipal Credit Opportunities Fund
NMCO
$585M
$4.25M 0.23%
397,642
-475,947
-54% -$5.21M
IMSR
114
Terrestrial Energy
IMSR
$601M
$4.21M 0.22%
400,000
– –
DYCQ
115
DELISTED
DT Cloud Acquisition Corp
DYCQ
$4.19M 0.22%
400,000
– –
CLBR
116
DELISTED
Colombier Acquisition Corp II
CLBR
$4.12M 0.22%
387,294
– –
RIBBU
117
Ribbon Acquisition Corp Unit
RIBBU
$4.12M 0.22%
+400,000
New +$4.05M
JACS.U
118
Jackson Acquisition Co II Units
JACS.U
$4.12M 0.22%
400,000
– –
RANGU
119
Range Capital Acquisition Corp Units
RANGU
$118M
$4.11M 0.22%
399,765
– –
SIMA
120
SIM Acquisition Corp I
SIMA
$4.11M 0.22%
401,902
– –
ALF
121
Centurion Acquisition Corp
ALF
$390M
$4.1M 0.22%
400,000
– –
DRDBU
122
Roman DBDR Acquisition Corp II Unit
DRDBU
$4.09M 0.22%
400,000
– –
CXH
123
DELISTED
MFS Investment Grade Municipal Trust
CXH
$4.06M 0.22%
512,860
+83,902
+20% +$673K
HVIIU
124
Hennessy Capital Investment Corp VII Unit
HVIIU
$4.03M 0.21%
+400,000
New +$4.02M
FERAU
125
Fifth Era Acquisition Corp I Units
FERAU
$4.03M 0.21%
+400,000
New +$4.01M
3 4
5
6 7

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Rivernorth Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Rivernorth Capital Management held 449 positions worth $1.88B, down 9.3% from $2.08B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $191M in Q1 2025, closing 89 positions and reducing 68 holdings. Its most notable exit was SK Growth Opportunities Corporation Class A Common Stock, an estimated $11.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.6% of assets, down from 11% a quarter earlier, followed by Industrials and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in FG Merger II Corp Unit worth $6.28M.

  • Rivernorth Capital Management's largest Q1 2025 buy was FG Merger II Corp Unit: 642,969 shares worth $6.28M.
  • Rivernorth Capital Management added most to Nuveen Pennsylvania Quality Municipal Income Fund in Q1 2025, an estimated $6.71M increase.
  • Rivernorth Capital Management's biggest Q1 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $27.2M.
  • Rivernorth Capital Management fully exited SK Growth Opportunities Corporation Class A Common Stock in Q1 2025, selling an estimated $11.6M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.88B portfolio in Q1 2025.
  • Rivernorth Capital Management opened 40 new positions and closed 89 in Q1 2025.
  • Rivernorth Capital Management's portfolio value fell 9.3% quarter-over-quarter to $1.88B.

Based on Rivernorth Capital Management's 13F filing for Q1 2025, filed 15 May 2025.