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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
NRK icon
151
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$919M
$2.07M 0.1%
184,529
– –
BAYA
152
DELISTED
Bayview Acquisition Corp
BAYA
$2.05M 0.1%
198,887
– –
PMO
153
Franklin Municipal Opportunities Trust
PMO
$285M
$1.96M 0.09%
179,697
+68,382
+61% +$717K
NAN icon
154
Nuveen New York Quality Municipal Income Fund
NAN
$371M
$1.93M 0.09%
164,068
– –
OCAX
155
DELISTED
OCA Acquisition Corp. Class A Common Stock
OCAX
$1.89M 0.09%
168,797
– –
AFJK
156
Aimei Health Technology Co
AFJK
$38M
$1.81M 0.09%
172,789
+14,391
+9% +$150K
TBMC
157
DELISTED
Trailblazer Merger Corp I
TBMC
$1.77M 0.09%
161,088
– –
KACL
158
DELISTED
Kairous Acquisition Corp. Limited Ordinary Shares
KACL
$1.77M 0.09%
145,396
– –
WINV
159
DELISTED
WinVest Acquisition Corp. Common Stock
WINV
$1.71M 0.08%
150,000
– –
BSIIU
160
DELISTED
Black Spade Acquisition II Co Unit
BSIIU
$1.7M 0.08%
+170,525
New +$1.7M
GBBK
161
DELISTED
Global Blockchain Acquisition Corp. Common Stock
GBBK
$1.68M 0.08%
152,462
-5,417
-3% -$59.8K
GLLI
162
DELISTED
Globalink Investment Inc. Common Stock
GLLI
$1.67M 0.08%
146,895
– –
TMTC
163
DELISTED
TMT Acquisition Corp Ordinary Shares
TMTC
$1.62M 0.08%
145,272
– –
NETD
164
DELISTED
Nabors Energy Transition Corp II
NETD
$1.61M 0.08%
151,306
– –
USAR
165
USA Rare Earth Inc
USAR
$4.63B
$1.61M 0.08%
149,546
– –
FGB
166
DELISTED
First Trust Specialty Finance and Financial Opportunities Fund
FGB
$1.6M 0.08%
393,429
+182,207
+86% +$721K
AEF
167
abrdn Emerging Markets Equity Income Fund
AEF
$371M
$1.56M 0.08%
277,709
– –
ESHA
168
DELISTED
ESH Acquisition Corp
ESHA
$1.54M 0.07%
145,218
– –
FOXX
169
Foxx Development Holdings
FOXX
$17.4M
$1.53M 0.07%
+134,421
New +$1.5M
IBAC
170
IB Acquisition Corp
IBAC
$54.1M
$1.5M 0.07%
150,000
+15,270
+11% +$153K
IHD
171
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$132M
$1.43M 0.07%
250,000
– –
NDP
172
DELISTED
TORTOISE ENERGY INDEPENDENCE FUND, INC.
NDP
$1.36M 0.07%
36,045
– –
GDST
173
DELISTED
Goldenstone Acquisition Limited Common Stock
GDST
$1.33M 0.06%
119,167
– –
CEFS icon
174
Saba Closed-End Funds ETF
CEFS
$437M
$1.23M 0.06%
55,200
-208,210
-79% -$4.49M
PXH icon
175
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.97B
$1.22M 0.06%
55,600
– –
5 6
7
8 9

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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.