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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
+1.99%
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
-$154M
Cap. Flow
-$183M
Cap. Flow %
-8.88%
Top 10 Hldgs %
28.76%
Holding
850
New
133
Increased
85
Reduced
77
Closed
212

Top Buys

Rank Stock Value
1
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$25.5M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$19.8M
3
PDI icon
PIMCO Dynamic Income Fund
PDI
+$17.5M
4
PHK
PIMCO High Income Fund
PHK
+$13M
5
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$11.9M

Top Sells

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$18.2M
3
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$14.6M
4
PEPL
PepperLime Health Acquisition Corporation Class A Ordinary Share
PEPL
+$13.1M
5
JWSM
Jaws Mustang Acquisition Corp.
JWSM
+$12.4M

Sector Composition

Rank Sector Weight
1 Financials 17.27%
2 Industrials 1.55%
3 Technology 1.3%
4 Healthcare 0.84%
5 Consumer Discretionary 0.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HMAC
151
DELISTED
Hainan Manaslu Acquisition Corp. Ordinary shares
HMAC
$2.59M 0.13%
+250,000
New +$2.57M
ATMVU
152
DELISTED
AlphaVest Acquisition Corp Unit
ATMVU
$2.59M 0.13%
250,000
– –
BLACU
153
DELISTED
Bellevue Life Sciences Acquisition Corp. Unit
BLACU
$2.58M 0.12%
+250,000
New +$2.56M
NRK icon
154
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$919M
$2.52M 0.12%
+238,251
New +$2.51M
BTM
155
DELISTED
Bitcoin Depot
BTM
$2.5M 0.12%
34,725
-11,700
-25% -$837K
BRD
156
DELISTED
Beard Energy Transition Acquisition Corp.
BRD
$2.47M 0.12%
238,264
– –
SBI
157
Western Asset Intermediate Muni Fund
SBI
$107M
$2.42M 0.12%
306,048
– –
ZCAR
158
DELISTED
Zoomcar
ZCAR
$2.42M 0.12%
114
+77
+208% +$1.61M
SDST
159
Stardust Power Inc
SDST
$7.51M
$2.39M 0.12%
+23,049
New +$2.37M
NNY icon
160
Nuveen New York Municipal Value Fund
NNY
$157M
$2.39M 0.12%
+273,844
New +$2.33M
JUN
161
DELISTED
Juniper II Corp.
JUN
$2.34M 0.11%
225,000
– –
OHAA
162
DELISTED
OPY Acquisition Corp. I Class A Common Stock
OHAA
$2.31M 0.11%
230,000
+28,570
+14% +$289K
MIY icon
163
BlackRock MuniYield Michigan Quality Fund
MIY
$361M
$2.31M 0.11%
+206,314
New +$2.36M
PACI.U
164
DELISTED
PROOF Acquisition Corp I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
PACI.U
$2.28M 0.11%
220,000
– –
HSPOU
165
DELISTED
Horizon Space Acquisition I Corp Unit
HSPOU
$2.24M 0.11%
215,000
– –
GRML
166
Greenland Mines Ltd
GRML
$31.5M
$2.22M 0.11%
+215,000
New +$2.2M
PNI
167
PIMCO New York Municipal Income Fund II
PNI
$78M
$2.22M 0.11%
286,671
+192,211
+203% +$1.51M
MCAG
168
DELISTED
Mountain Crest Acquisition Corp. V Common Stock
MCAG
$2.2M 0.11%
215,000
– –
MEOA
169
DELISTED
Minority Equality Opportunities Acquisition Inc. Class A Common Stock
MEOA
$2.15M 0.1%
200,000
– –
BSGA
170
DELISTED
Blue Safari Group Acquisition Corp. Class A Ordinary Share
BSGA
$2.13M 0.1%
196,630
– –
AGG icon
171
iShares Core US Aggregate Bond ETF
AGG
$137B
$2.13M 0.1%
+21,500
New +$2.12M
AEAE
172
DELISTED
AltEnergy Acquisition Corp
AEAE
$2.13M 0.1%
204,996
+80,000
+64% +$824K
LBBB
173
DELISTED
Lakeshore Acquisition II Corp. Ordinary Shares
LBBB
$2.11M 0.1%
202,370
-20,612
-9% -$213K
OTEC
174
DELISTED
OceanTech Acquisitions I Corp. Class A Common Stock
OTEC
$2.1M 0.1%
196,617
– –
WEL
175
DELISTED
Integrated Wellness Acquisition Corp
WEL
$2.1M 0.1%
199,998
– –
5 6
7
8 9

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Rivernorth Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Rivernorth Capital Management held 850 positions worth $2.07B, down 7% from $2.22B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $183M in Q1 2023, closing 212 positions and reducing 77 holdings. Its most notable exit was Jaws Mustang Acquisition Corp., an estimated $12.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 20% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in PIMCO Income Strategy Fund II worth $7.72M.

  • Rivernorth Capital Management's largest Q1 2023 buy was PIMCO Income Strategy Fund II: 1,077,061 shares worth $7.72M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Municipal Credit Income Fund in Q1 2023, an estimated $25.5M increase.
  • Rivernorth Capital Management's biggest Q1 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $29.7M.
  • Rivernorth Capital Management fully exited Jaws Mustang Acquisition Corp. in Q1 2023, selling an estimated $12.4M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $2.07B portfolio in Q1 2023.
  • Rivernorth Capital Management opened 133 new positions and closed 212 in Q1 2023.
  • Rivernorth Capital Management's portfolio value fell 7% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2023, filed 15 May 2023.