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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
WTMA
126
DELISTED
Welsbach Technology Metals Acquisition Corp. Common Stock
WTMA
$2.68M 0.13%
244,954
– –
NBST
127
DELISTED
Newbury Street Acquisition Corporation Common Stock
NBST
$2.67M 0.13%
251,398
-2,805
-1% -$30.3K
QOMO
128
DELISTED
Qomolangma Acquisition Corp. Common Stock
QOMO
$2.66M 0.13%
244,651
– –
AMCI
129
AMC Robotics
AMCI
$100M
$2.66M 0.13%
242,962
– –
OSRH
130
OSR Health
OSRH
$13.6M
$2.61M 0.13%
245,115
– –
JVSAU
131
DELISTED
JVSPAC Acquisition Corp. Unit
JVSAU
$2.54M 0.12%
+246,818
New +$2.52M
BNY
132
DELISTED
BlackRock New York Municipal Income Trust
BNY
$2.52M 0.12%
237,942
– –
BFZ
133
DELISTED
BlackRock CA Municipal Income Trust
BFZ
$2.52M 0.12%
212,941
-6,237
-3% -$73.5K
PCK
134
DELISTED
Pimco California Municipal Income Fund II
PCK
$2.51M 0.12%
434,507
-214,537
-33% -$1.24M
FSD
135
DELISTED
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
$2.39M 0.12%
200,561
+162,266
+424% +$1.91M
GLQ
136
Clough Global Equity Fund
GLQ
$157M
$2.31M 0.11%
354,470
– –
NRK icon
137
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$919M
$2.3M 0.11%
211,788
– –
PNI
138
PIMCO New York Municipal Income Fund II
PNI
$78M
$2.26M 0.11%
304,669
-58,284
-16% -$437K
SCRM
139
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
$2.25M 0.11%
210,277
-672,055
-76% -$7.15M
HSPO
140
DELISTED
Horizon Space Acquisition I Corp
HSPO
$2.24M 0.11%
205,532
– –
ASCB
141
DELISTED
A SPAC II Acquisition Corp. Ordinary Shares
ASCB
$2.23M 0.11%
199,998
– –
WEL
142
DELISTED
Integrated Wellness Acquisition Corp
WEL
$2.22M 0.11%
195,636
– –
BCSA
143
DELISTED
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
$2.22M 0.11%
200,000
– –
NNY icon
144
Nuveen New York Municipal Value Fund
NNY
$157M
$2.21M 0.11%
265,120
– –
PCQ
145
Pimco California Municipal Income Fund
PCQ
$168M
$2.2M 0.11%
235,341
– –
CMCA
146
DELISTED
Capitalworks Emerging Markets Acquisition Corp Class A Ordinary Shares
CMCA
$2.2M 0.11%
+200,000
New +$2.2M
SHAP
147
DELISTED
Spree Acquisition Corp. 1 Limited
SHAP
$2.18M 0.11%
200,000
-50,000
-20% -$545K
CPTK
148
DELISTED
Crown PropTech Acquisitions
CPTK
$2.16M 0.1%
+200,000
New +$2.14M
BINC icon
149
BlackRock Flexible Income ETF
BINC
$16.3B
$2.13M 0.1%
40,562
– –
ATMC
150
DELISTED
AlphaTime Acquisition Corp
ATMC
$2.13M 0.1%
194,397
-5,603
-3% -$60.8K
4 5
6
7 8

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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.