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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
RFAC
126
DELISTED
RF Acquisition Corp. Class A Common Stock
RFAC
$2.89M 0.14%
258,463
– –
PGP
127
PIMCO Global StockPLUS & Income Fund
PGP
$101M
$2.87M 0.14%
341,951
-3,370
-1% -$26.4K
GLQ
128
Clough Global Equity Fund
GLQ
$157M
$2.81M 0.14%
404,868
-11,340
-3% -$77.4K
PRLH
129
DELISTED
Pearl Holdings Acquisition Corp Class A Ordinary Shares
PRLH
$2.79M 0.13%
250,000
– –
YOTA
130
DELISTED
Yotta Acquisition Corporation Common Stock
YOTA
$2.75M 0.13%
248,680
– –
NBST
131
DELISTED
Newbury Street Acquisition Corporation Common Stock
NBST
$2.75M 0.13%
251,398
– –
AMCI
132
AMC Robotics
AMCI
$100M
$2.71M 0.13%
242,962
– –
OSRH
133
OSR Health
OSRH
$13.6M
$2.66M 0.13%
245,115
– –
JVSA
134
DELISTED
JV SPAC Acquisition Corp
JVSA
$2.55M 0.12%
246,818
+41,318
+20% +$423K
BGH
135
Barings Global Short Duration High Yield Fund
BGH
$286M
$2.54M 0.12%
167,483
-350,124
-68% -$5.25M
HYB
136
DELISTED
New America High Income Fund, Inc.
HYB
$2.54M 0.12%
305,044
+171,279
+128% +$1.35M
PCK
137
DELISTED
Pimco California Municipal Income Fund II
PCK
$2.51M 0.12%
399,275
-155,132
-28% -$931K
CHEB
138
DELISTED
Chenghe Acquisition II Co.
CHEB
$2.5M 0.12%
+250,000
New +$2.5M
BINC icon
139
BlackRock Flexible Income ETF
BINC
$16.3B
$2.41M 0.12%
44,975
– –
GIGGU
140
DELISTED
GigCapital7 Corp Unit
GIGGU
$2.35M 0.11%
+236,019
New +$2.35M
VTN icon
141
Invesco Trust for Investment Grade New York Municipals
VTN
$165M
$2.33M 0.11%
201,747
+39,001
+24% +$443K
WEL
142
DELISTED
Integrated Wellness Acquisition Corp
WEL
$2.31M 0.11%
195,636
– –
HSPO
143
DELISTED
Horizon Space Acquisition I Corp
HSPO
$2.3M 0.11%
205,532
– –
EURKU
144
Eureka Acquisition Corp Unit
EURKU
$2.3M 0.11%
+225,000
New +$2.29M
BCSA
145
DELISTED
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
$2.29M 0.11%
+200,000
New +$2.24M
NNY icon
146
Nuveen New York Municipal Value Fund
NNY
$157M
$2.27M 0.11%
264,220
-900
-0.3% -$7.61K
WTMA
147
DELISTED
Welsbach Technology Metals Acquisition Corp. Common Stock
WTMA
$2.2M 0.11%
200,000
-44,954
-18% -$499K
GLV
148
Clough Global Dividend & Income Fund
GLV
$78.4M
$2.18M 0.11%
369,753
+10,197
+3% +$58.8K
ATMC
149
DELISTED
AlphaTime Acquisition Corp
ATMC
$2.18M 0.11%
194,397
– –
BOWN
150
DELISTED
Bowen Acquisition Corp
BOWN
$2.15M 0.1%
200,000
– –
4 5
6
7 8

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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.