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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
MQT
151
DELISTED
BlackRock MuniYield Quality Fund II
MQT
$2.79M 0.13%
+272,830
New +$2.74M
BYN.U
152
DELISTED
Banyan Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant
BYN.U
$2.77M 0.12%
250,000
– –
SHUAU
153
DELISTED
SHUAA Partners Acquisition Corp I Unit
SHUAU
$2.75M 0.12%
250,000
– –
LQD icon
154
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.6B
$2.74M 0.12%
26,000
+4,000
+18% +$419K
SVFB
155
DELISTED
SVF Investment Corp. 2 Class A Ordinary Shares
SVFB
$2.73M 0.12%
271,082
– –
EFT
156
Eaton Vance Floating-Rate Income Trust
EFT
$288M
$2.7M 0.12%
+243,868
New +$2.75M
IRRX
157
DELISTED
Integrated Rail and Resources Acquisition Corp.
IRRX
$2.7M 0.12%
263,390
– –
NVSA
158
DELISTED
New Vista Acquisition Corp Class A Ordinary Shares
NVSA
$2.69M 0.12%
266,493
+115,500
+76% +$1.16M
MUE
159
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$2.63M 0.12%
+264,343
New +$2.63M
MBTC
160
DELISTED
Nocturne Acquisition Corporation Ordinary Shares
MBTC
$2.62M 0.12%
246,352
– –
COCH icon
161
Envoy Medical
COCH
$59.4M
$2.62M 0.12%
+261,300
New +$2.6M
AERT
162
Aeries Technology
AERT
$39.8M
$2.62M 0.12%
32,122
– –
BPACU
163
DELISTED
Bullpen Parlay Acquisition Company Unit
BPACU
$2.6M 0.12%
249,388
– –
CCTS
164
DELISTED
Cactus Acquisition Corp. 1 Limited Class A Ordinary Share
CCTS
$2.57M 0.12%
249,998
– –
EVE.U
165
DELISTED
EVe Mobility Acquisition Corp Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
EVE.U
$2.57M 0.12%
250,000
– –
BFAC.U
166
DELISTED
Battery Future Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
BFAC.U
$2.56M 0.12%
250,000
– –
MPRA
167
DELISTED
Mercato Partners Acquisition Corporation Class A Common Stock
MPRA
$2.56M 0.12%
249,998
– –
NVAC
168
DELISTED
NorthView Acquisition Corporation Common Stock
NVAC
$2.53M 0.11%
250,000
– –
QOMOU
169
DELISTED
Qomolangma Acquisition Corp. Unit
QOMOU
$2.53M 0.11%
250,000
– –
ATMVU
170
DELISTED
AlphaVest Acquisition Corp Unit
ATMVU
$2.52M 0.11%
+250,000
New +$2.52M
BIOT
171
DELISTED
Biotech Acquisition Company Class A Ordinary Shares
BIOT
$2.49M 0.11%
246,674
+25,000
+11% +$250K
DSU icon
172
BlackRock Debt Strategies Fund
DSU
$601M
$2.47M 0.11%
268,443
– –
BRD
173
DELISTED
Beard Energy Transition Acquisition Corp.
BRD
$2.43M 0.11%
+238,264
New +$2.4M
FSNB
174
DELISTED
Fusion Acquisition Corp. II
FSNB
$2.37M 0.11%
235,792
+185,800
+372% +$1.85M
MHF
175
Western Asset Municipal High Income Fund
MHF
$154M
$2.34M 0.11%
366,716
+44,222
+14% +$283K
5 6
7
8 9

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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.