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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
+3.24%
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
$2.22B
AUM Growth
-$9.14M
Cap. Flow
-$68.7M
Cap. Flow %
-3.1%
Top 10 Hldgs %
27.51%
Holding
975
New
103
Increased
138
Reduced
81
Closed
258

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$29.4M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$26.8M
4
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$26M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$21.4M

Top Sells

Rank Stock Value
1
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$41.4M
2
GBDC icon
Golub Capital BDC
GBDC
+$35.8M
3
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$15.2M
4
VKQ icon
Invesco Municipal Trust
VKQ
+$15M
5
VVR icon
Invesco Senior Income Trust
VVR
+$12.6M

Sector Composition

Rank Sector Weight
1 Financials 19.93%
2 Industrials 1.07%
3 Technology 1.07%
4 Healthcare 0.96%
5 Consumer Discretionary 0.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WTMAU
126
DELISTED
Welsbach Technology Metals Acquisition Corp. Unit
WTMAU
$3.42M 0.15%
322,133
– –
ATAKU
127
DELISTED
Aurora Technology Acquisition Corp. Unit
ATAKU
$3.39M 0.15%
325,000
– –
JUGG
128
DELISTED
Jaws Juggernaut Acquisition Corporation Class A Ordinary Share
JUGG
$3.31M 0.15%
328,601
+9,585
+3% +$95.4K
BTM
129
DELISTED
Bitcoin Depot
BTM
$3.3M 0.15%
46,425
+3,065
+7% +$214K
PNTM
130
DELISTED
Pontem Corporation
PNTM
$3.26M 0.15%
322,919
+149,919
+87% +$1.5M
BTX
131
BlackRock Technology and Private Equity Term Trust
BTX
$1B
$3.26M 0.15%
478,122
-660,562
-58% -$4.71M
CLOE
132
DELISTED
Clover Leaf Capital Corp. Class A Common Stock
CLOE
$3.23M 0.15%
300,000
– –
ASCBU
133
DELISTED
A SPAC II Acquisition Corp. Unit
ASCBU
$3.21M 0.14%
300,000
– –
PMGM
134
DELISTED
Priveterra Acquisition Corp. II Class A Common Stock
PMGM
$3.19M 0.14%
314,426
– –
UTAAU
135
DELISTED
UTA Acquisition Corporation Units
UTAAU
$3.18M 0.14%
298,072
– –
ROCAU
136
DELISTED
ROC Energy Acquisition Corp. Unit
ROCAU
$3.16M 0.14%
298,073
– –
AWF
137
AllianceBernstein Global High Income Fund
AWF
$878M
$3.1M 0.14%
336,253
-85,226
-20% -$814K
LGVC
138
DELISTED
LAMF Global Ventures Corp. I Class A Ordinary Shares
LGVC
$3.07M 0.14%
299,998
– –
XPDBU
139
DELISTED
Power & Digital Infrastructure Acquisition II Corp. Unit
XPDBU
$3.04M 0.14%
300,000
– –
SLND icon
140
Southland Holdings
SLND
$38.5M
$3.04M 0.14%
299,998
– –
GBBK
141
DELISTED
Global Blockchain Acquisition Corp. Common Stock
GBBK
$3.03M 0.14%
300,000
– –
WRAC
142
DELISTED
Williams Rowland Acquisition Corp.
WRAC
$2.98M 0.13%
297,000
+197,000
+197% +$2M
RWODU
143
DELISTED
Redwoods Acquisition Corp. Unit
RWODU
$2.93M 0.13%
275,000
– –
BSTZ icon
144
BlackRock Science and Technology Term Trust
BSTZ
$2.06B
$2.92M 0.13%
+186,496
New +$3.17M
BYM
145
DELISTED
BlackRock Municipal Income Quality Trust
BYM
$2.9M 0.13%
+255,451
New +$2.81M
ATEK
146
DELISTED
Athena Technology Acquisition Corp. II
ATEK
$2.87M 0.13%
+285,706
New +$2.85M
HMACU
147
DELISTED
Hainan Manaslu Acquisition Corp. Unit
HMACU
$2.86M 0.13%
250,000
– –
ALOR
148
DELISTED
ALSP Orchid Acquisition Corp I
ALOR
$2.86M 0.13%
278,716
– –
TETC
149
DELISTED
Tech and Energy Transition Corporation Class A Common Stock
TETC
$2.85M 0.13%
283,818
+183,185
+182% +$1.82M
ITAQU
150
DELISTED
Industrial Tech Acquisitions II, Inc. Unit
ITAQU
$2.8M 0.13%
275,000
– –
4 5
6
7 8

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Rivernorth Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Rivernorth Capital Management held 975 positions worth $2.22B, down 0.41% from $2.23B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Rivernorth Capital Management withdrew a net $68.7M in Q4 2022, closing 258 positions and reducing 81 holdings. Its most notable exit was Nuveen New York AMT-Free Quality Municipal Income Fund, an estimated $41.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 27% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock Corporate High Yield Fund worth $20.8M.

  • Rivernorth Capital Management's largest Q4 2022 buy was BlackRock Corporate High Yield Fund: 2,381,391 shares worth $20.8M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q4 2022, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q4 2022 reduction was Golub Capital BDC, cutting an estimated $35.8M.
  • Rivernorth Capital Management fully exited Nuveen New York AMT-Free Quality Municipal Income Fund in Q4 2022, selling an estimated $41.4M.
  • Rivernorth Capital Management's ten largest holdings make up 28% of its $2.22B portfolio in Q4 2022.
  • Rivernorth Capital Management opened 103 new positions and closed 258 in Q4 2022.
  • Rivernorth Capital Management's portfolio value fell 0.41% quarter-over-quarter to $2.22B.

Based on Rivernorth Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.