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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
-6.48%
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
$1.93B
AUM Growth
-$73.9M
Cap. Flow
+$61.5M
Cap. Flow %
3.19%
Top 10 Hldgs %
31.01%
Holding
632
New
48
Increased
91
Reduced
80
Closed
87

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$19.3M
3
BLE
BlackRock Municipal Income Trust II
BLE
+$14M
4
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$13.2M
5
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$13M

Top Sells

Rank Stock Value
1
BBDC icon
Barings BDC
BBDC
+$26.1M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$16.6M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.9M
4
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$15.8M
5
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 12.36%
2 Healthcare 1.47%
3 Technology 1.18%
4 Industrials 1.07%
5 Consumer Discretionary 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OTEC
151
DELISTED
OceanTech Acquisitions I Corp. Class A Common Stock
OTEC
$2.17M 0.11%
196,617
– –
USAR
152
USA Rare Earth Inc
USAR
$4.63B
$2.16M 0.11%
+211,512
New +$2.15M
PEPL
153
DELISTED
PepperLime Health Acquisition Corporation Class A Ordinary Share
PEPL
$2.16M 0.11%
200,000
– –
ASCB
154
DELISTED
A SPAC II Acquisition Corp. Ordinary Shares
ASCB
$2.15M 0.11%
199,998
-100,000
-33% -$1.06M
NNY icon
155
Nuveen New York Municipal Value Fund
NNY
$157M
$2.12M 0.11%
265,120
-1,352
-0.5% -$11.3K
ATMC
156
DELISTED
AlphaTime Acquisition Corp
ATMC
$2.11M 0.11%
200,000
– –
ISRL
157
DELISTED
Israel Acquisitions Corp
ISRL
$2.11M 0.11%
199,750
– –
MARX
158
DELISTED
Mars Acquisition Corp. Ordinary Shares
MARX
$2.09M 0.11%
199,496
– –
DMYY
159
DELISTED
dMY Squared
DMYY
$2.09M 0.11%
199,998
– –
EVV
160
Eaton Vance Limited Duration Income Fund
EVV
$1.07B
$2.08M 0.11%
229,653
+34,487
+18% +$321K
ASCA
161
DELISTED
A SPAC I Acquisition Corp. Class A Ordinary Share
ASCA
$2.07M 0.11%
191,996
– –
IRRX
162
DELISTED
Integrated Rail and Resources Acquisition Corp.
IRRX
$2.07M 0.11%
190,136
-73,254
-28% -$793K
BOWN
163
DELISTED
Bowen Acquisition Corp
BOWN
$2.04M 0.11%
+200,000
New +$2.03M
QFTA
164
DELISTED
Quantum FinTech Acquisition Corporation
QFTA
$2.01M 0.1%
188,725
– –
NRK icon
165
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$919M
$2M 0.1%
211,788
+7,755
+4% +$77.8K
FPL
166
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
$1.99M 0.1%
317,904
– –
GDST
167
DELISTED
Goldenstone Acquisition Limited Common Stock
GDST
$1.99M 0.1%
185,000
– –
OCAX
168
DELISTED
OCA Acquisition Corp. Class A Common Stock
OCAX
$1.94M 0.1%
182,474
– –
GBBK
169
DELISTED
Global Blockchain Acquisition Corp. Common Stock
GBBK
$1.92M 0.1%
182,879
-117,121
-39% -$1.23M
GRML
170
Greenland Mines Ltd
GRML
$31.5M
$1.92M 0.1%
179,944
– –
CAUD
171
DELISTED
Collective Audience, Inc.. Common Stock
CAUD
$1.92M 0.1%
175,000
– –
MFM
172
Aberdeen Municipal Income Fund
MFM
$222M
$1.85M 0.1%
406,016
+189,621
+88% +$952K
PRLH
173
DELISTED
Pearl Holdings Acquisition Corp Class A Ordinary Shares
PRLH
$1.82M 0.09%
+170,000
New +$1.81M
HYAC.U
174
DELISTED
Haymaker Acquisition Corp 4 Units
HYAC.U
$1.82M 0.09%
+173,690
New +$1.77M
CBH
175
DELISTED
Virtus Convertible & Income 2024 Target Term Fund
CBH
$1.79M 0.09%
203,794
+6,183
+3% +$53.8K
5 6
7
8 9

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Rivernorth Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Rivernorth Capital Management held 632 positions worth $1.93B, down 3.7% from $2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management deployed $61.5M of net new capital in Q3 2023, opening 48 new positions and adding to 91 existing holdings. Its largest new stake was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.

By sector, the portfolio is most concentrated in Financials at 12% of assets, down from 13% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Barings BDC, an estimated $26.1M trimmed.

  • Rivernorth Capital Management's largest Q3 2023 buy was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2023, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q3 2023 reduction was Barings BDC, cutting an estimated $26.1M.
  • Rivernorth Capital Management fully exited BlackRock Corporate High Yield Fund in Q3 2023, selling an estimated $9.1M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.93B portfolio in Q3 2023.
  • Rivernorth Capital Management opened 48 new positions and closed 87 in Q3 2023.
  • Rivernorth Capital Management's portfolio value fell 3.7% quarter-over-quarter to $1.93B.

Based on Rivernorth Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.