We are live on ! Find out more
RCM

Rivernorth Capital Management Portfolio holdings

AUM $2B
1-Year Est. Return 0.79%
This Fund
S&P 500
This Quarter Est. Return
+3.25%
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
$1.75B
AUM Growth
-$54.5M
Cap. Flow
-$97M
Cap. Flow %
-5.53%
Top 10 Hldgs %
22.6%
Holding
571
New
214
Increased
30
Reduced
135
Closed
92

Top Buys

Rank Stock Value
1
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$24.8M
2
PML
PIMCO Municipal Income Fund II
PML
+$23.7M
3
MSDL icon
Morgan Stanley Direct Lending Fund
MSDL
+$14.3M
4
USA icon
Liberty All-Star Equity Fund
USA
+$13.3M
5
PCQ
Pimco California Municipal Income Fund
PCQ
+$13.2M

Top Sells

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$29.5M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$27.6M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$20.6M
4
ACP
abrdn Income Credit Strategies Fund
ACP
+$19.8M
5
PMX
PIMCO Municipal Income Fund III
PMX
+$18.3M

Sector Composition

Rank Sector Weight
1 Financials 25.87%
2 Real Estate 0.63%
3 Industrials 0.5%
4 Energy 0.3%
5 Consumer Discretionary 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BACC
101
Blue Acquisition Corp
BACC
$293M
$4.46M 0.25%
+446,469
New +$4.45M
GPAT
102
GP-Act III Acquisition Corp
GPAT
$4.46M 0.25%
420,932
-910
-0.2% -$9.62K
HSPT
103
DELISTED
Horizon Space Acquisition II Corp
HSPT
$4.42M 0.25%
+427,400
New +$4.4M
VACH
104
DELISTED
Voyager Acquisition Corp
VACH
$4.41M 0.25%
420,000
– –
CHAC
105
DELISTED
Crane Harbor Acquisition Corp
CHAC
$4.4M 0.25%
+433,735
New +$4.36M
NOEM
106
CO2 Energy Transition Corp
NOEM
$4.35M 0.25%
+428,040
New +$4.33M
QUMSU
107
Quantumsphere Acquisition Corp Units
QUMSU
$118M
$4.31M 0.25%
+425,000
New +$4.27M
ALF
108
Centurion Acquisition Corp
ALF
$390M
$4.21M 0.24%
399,493
-507
-0.1% -$5.34K
BNY
109
DELISTED
BlackRock New York Municipal Income Trust
BNY
$4.19M 0.24%
414,146
+50,000
+14% +$485K
JACS
110
Jackson Acquisition Co II
JACS
$4.15M 0.24%
+399,744
New +$4.13M
TDAC
111
Translational Development Acquisition Corp
TDAC
$238M
$4.14M 0.24%
+400,000
New +$4.13M
SIMA
112
SIM Acquisition Corp I
SIMA
$4.11M 0.23%
389,821
-256
-0.1% -$2.67K
SVCC
113
Stellar V Capital Corp
SVCC
$230M
$4.09M 0.23%
+397,500
New +$4.08M
BLZRU
114
Trailblazer Acquisition Corp Unit
BLZRU
$4.09M 0.23%
+400,000
New +$4.04M
MBVIU
115
M3-Brigade Acquisition VI Corp Units
MBVIU
$309M
$4.05M 0.23%
+400,000
New +$4.02M
PCSC
116
DELISTED
Perceptive Capital Solutions
PCSC
$4.03M 0.23%
381,540
– –
QSEA
117
Quartzsea Acquisition Corp
QSEA
$4.03M 0.23%
+397,500
New +$4.02M
FACT
118
FACT II Acquisition Corp
FACT
$259M
$4.02M 0.23%
+390,000
New +$4.01M
TACH
119
Titan Acquisition Corp
TACH
$361M
$4.02M 0.23%
+397,500
New +$4.02M
TLNCU
120
Talon Capital Corp Units
TLNCU
$4.02M 0.23%
+400,000
New +$4.01M
BSAA
121
BEST SPAC I Acquisition Corp
BSAA
$83.7M
$4.02M 0.23%
+400,000
New +$4.01M
SZZL
122
Sizzle Acquisition Corp II
SZZL
$325M
$4.01M 0.23%
+397,500
New +$4.01M
CHECU
123
Chenghe Acquisition III Co Units
CHECU
$3.99M 0.23%
+400,000
New +$4M
LATAU
124
Galata Acquisition Corp. II Units
LATAU
$153M
$3.99M 0.23%
+400,000
New +$4M
GSRT
125
DELISTED
GSR III Acquisition Corp
GSRT
$3.99M 0.23%
+385,148
New +$4.07M
3 4
5
6 7

Similar funds

LGM
Logos Global Management San Francisco, California $2B AUM 444.09% 1-Year Est. Return
MYAM
Meiji Yasuda Asset Management Tokyo, Japan $2B AUM 22.52% 1-Year Est. Return
C
Consulta London, United Kingdom $2.01B AUM 16.82% 1-Year Est. Return
CAM
Cormorant Asset Management Boston, Massachusetts $1.99B AUM 737.95% 1-Year Est. Return
SC
Syon Capital San Francisco, California $1.99B AUM 22.67% 1-Year Est. Return
BGM
Burkehill Global Management New York $2.02B AUM 85.32% 1-Year Est. Return
RMCM
Reynders McVeigh Capital Management Boston, Massachusetts $1.98B AUM 23.37% 1-Year Est. Return
AF
Alerus Financial Grand Forks, North Dakota $2.02B AUM 26.03% 1-Year Est. Return

Rivernorth Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Rivernorth Capital Management held 571 positions worth $1.75B, down 3% from $1.81B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Rivernorth Capital Management withdrew a net $97M in Q3 2025, closing 92 positions and reducing 135 holdings. Its most notable exit was Nuveen AMT-Free Quality Municipal Income Fund, an estimated $27.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 26% of assets, up from 9.4% a quarter earlier, followed by Real Estate and Industrials.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock Multi-Sector Income Trust worth $23.4M.

  • Rivernorth Capital Management's largest Q3 2025 buy was BlackRock Multi-Sector Income Trust: 1,748,396 shares worth $23.4M.
  • Rivernorth Capital Management added most to PIMCO Municipal Income Fund II in Q3 2025, an estimated $23.7M increase.
  • Rivernorth Capital Management's biggest Q3 2025 reduction was Nuveen Quality Municipal Income Fund, cutting an estimated $29.5M.
  • Rivernorth Capital Management fully exited Nuveen AMT-Free Quality Municipal Income Fund in Q3 2025, selling an estimated $27.6M.
  • Rivernorth Capital Management's ten largest holdings make up 23% of its $1.75B portfolio in Q3 2025.
  • Rivernorth Capital Management opened 214 new positions and closed 92 in Q3 2025.
  • Rivernorth Capital Management's portfolio value fell 3% quarter-over-quarter to $1.75B.

Based on Rivernorth Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.