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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
IRRX
151
DELISTED
Integrated Rail and Resources Acquisition Corp.
IRRX
$2.08M 0.1%
190,136
– –
BOWN
152
DELISTED
Bowen Acquisition Corp
BOWN
$2.08M 0.1%
200,000
– –
CRML icon
153
Critical Metals Corp
CRML
$994M
$2.06M 0.1%
+91,474
New +$985K
BAYA
154
DELISTED
Bayview Acquisition Corp
BAYA
$2M 0.1%
+198,887
New +$2.01M
JFR icon
155
Nuveen Floating Rate Income Fund
JFR
$1.26B
$2M 0.1%
229,185
-900
-0.4% -$7.65K
GBBK
156
DELISTED
Global Blockchain Acquisition Corp. Common Stock
GBBK
$1.97M 0.1%
182,879
– –
ASCA
157
DELISTED
A SPAC I Acquisition Corp. Class A Ordinary Share
ASCA
$1.97M 0.1%
179,088
+11,480
+7% +$122K
VFL
158
DELISTED
abrdn National Municipal Income Fund
VFL
$1.94M 0.09%
187,326
– –
FAM
159
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$1.88M 0.09%
285,526
+190,632
+201% +$1.21M
FPL
160
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
$1.86M 0.09%
242,804
– –
OCAX
161
DELISTED
OCA Acquisition Corp. Class A Common Stock
OCAX
$1.83M 0.09%
168,797
-13,677
-7% -$148K
NAN icon
162
Nuveen New York Quality Municipal Income Fund
NAN
$371M
$1.8M 0.09%
164,068
– –
CXH
163
DELISTED
MFS Investment Grade Municipal Trust
CXH
$1.74M 0.08%
229,001
+4,829
+2% +$36.5K
CURR
164
Currenc Group
CURR
$418M
$1.72M 0.08%
150,000
– –
TBMC
165
DELISTED
Trailblazer Merger Corp I
TBMC
$1.7M 0.08%
161,088
-2,934
-2% -$30.8K
KACL
166
DELISTED
Kairous Acquisition Corp. Limited Ordinary Shares
KACL
$1.7M 0.08%
145,396
– –
USAR
167
USA Rare Earth Inc
USAR
$4.63B
$1.69M 0.08%
161,806
-3,114
-2% -$32.4K
EMO
168
ClearBridge Energy Midstream Opportunity Fund
EMO
$1.04B
$1.68M 0.08%
+41,354
New +$1.52M
WINV
169
DELISTED
WinVest Acquisition Corp. Common Stock
WINV
$1.66M 0.08%
150,000
– –
AFJK
170
Aimei Health Technology Co
AFJK
$38M
$1.63M 0.08%
+158,398
New +$1.61M
GLLI
171
DELISTED
Globalink Investment Inc. Common Stock
GLLI
$1.61M 0.08%
146,895
– –
PML
172
PIMCO Municipal Income Fund II
PML
$496M
$1.58M 0.08%
186,050
-81,560
-30% -$687K
NETD
173
DELISTED
Nabors Energy Transition Corp II
NETD
$1.57M 0.08%
151,306
– –
TMTC
174
DELISTED
TMT Acquisition Corp Ordinary Shares
TMTC
$1.55M 0.08%
145,272
-2,808
-2% -$29.9K
ACAC
175
DELISTED
Acri Capital Acquisition Corp
ACAC
$1.51M 0.07%
134,421
-1,401
-1% -$15.6K
5 6
7
8 9

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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.