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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
+0.01%
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
$1.88B
AUM Growth
-$193M
Cap. Flow
-$191M
Cap. Flow %
-10.13%
Top 10 Hldgs %
26.86%
Holding
449
New
40
Increased
54
Reduced
68
Closed
89

Top Buys

Rank Stock Value
1
NQP
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
+$6.71M
2
FGMCU
FG Merger II Corp Unit
FGMCU
+$6.3M
3
BTX
BlackRock Technology and Private Equity Term Trust
BTX
+$6.17M
4
PMX
PIMCO Municipal Income Fund III
PMX
+$5.82M
5
BINC icon
BlackRock Flexible Income ETF
BINC
+$5.69M

Top Sells

Rank Stock Value
1
BCAT icon
BlackRock Capital Allocation Term Trust
BCAT
+$27.2M
2
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$22.7M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$22M
4
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$18.1M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$15M

Sector Composition

Rank Sector Weight
1 Financials 9.55%
2 Industrials 0.58%
3 Consumer Staples 0.28%
4 Energy 0.27%
5 Utilities 0.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JVSA
151
DELISTED
JV SPAC Acquisition Corp
JVSA
$2.55M 0.14%
239,218
-7,600
-3% -$80.4K
IPEXU
152
Inflection Point Acquisition Corp V Units
IPEXU
$2.55M 0.14%
+250,000
New +$2.52M
UYSCU
153
UY Scuti Acquisition Corp Units
UYSCU
$2.51M 0.13%
+250,000
New +$2.52M
PMO
154
Franklin Municipal Opportunities Trust
PMO
$285M
$2.5M 0.13%
245,696
-16,872
-6% -$176K
CHEB
155
DELISTED
Chenghe Acquisition II Co.
CHEB
$2.43M 0.13%
236,700
– –
NRO
156
Neuberger Real Estate Securities Income Fund Inc
NRO
$187M
$2.43M 0.13%
+735,022
New +$2.46M
NCV
157
Virtus Convertible & Income Fund
NCV
$393M
$2.39M 0.13%
184,971
+53,521
+41% +$738K
HDRN
158
Hadron Energy
HDRN
$132M
$2.39M 0.13%
236,019
+30,889
+15% +$311K
MUA icon
159
BlackRock MuniAssets Fund
MUA
$518M
$2.33M 0.12%
215,445
+201,540
+1,449% +$2.21M
EURK
160
Eureka Acquisition Corp
EURK
$2.32M 0.12%
225,000
– –
WTMA
161
DELISTED
Welsbach Technology Metals Acquisition Corp. Common Stock
WTMA
$2.25M 0.12%
200,000
– –
PFO
162
Flaherty & Crumrine Preferred and Income Opportunity Fund
PFO
$119M
$2.24M 0.12%
243,417
+51,349
+27% +$470K
OIA icon
163
Invesco Municipal Income Opportunities Trust
OIA
$290M
$2.2M 0.12%
+365,136
New +$2.22M
JHI
164
John Hancock Investors Trust
JHI
$118M
$2.11M 0.11%
155,575
-30,700
-16% -$427K
AAM
165
DELISTED
AA Mission Acquisition Corp
AAM
$2.09M 0.11%
200,000
– –
NNY icon
166
Nuveen New York Municipal Value Fund
NNY
$157M
$2.08M 0.11%
251,888
-12,332
-5% -$101K
HQL
167
abrdn Life Sciences Investors
HQL
$642M
$2.06M 0.11%
162,683
+122,869
+309% +$1.66M
VPV icon
168
Invesco Pennsylvania Value Municipal Income Trust
VPV
$201M
$2.02M 0.11%
197,825
+22,445
+13% +$232K
WINV
169
DELISTED
WinVest Acquisition Corp. Common Stock
WINV
$1.88M 0.1%
150,000
– –
TBMC
170
DELISTED
Trailblazer Merger Corp I
TBMC
$1.81M 0.1%
161,088
– –
NRK icon
171
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$919M
$1.8M 0.1%
174,922
– –
GBBK
172
DELISTED
Global Blockchain Acquisition Corp. Common Stock
GBBK
$1.75M 0.09%
152,462
– –
BSII
173
DELISTED
Black Spade Acquisition II Co Class A Ordinary Share
BSII
$1.73M 0.09%
170,523
– –
SPE
174
Special Opportunities Fund
SPE
$144M
$1.55M 0.08%
108,331
-103,422
-49% -$1.5M
IBAC
175
IB Acquisition Corp
IBAC
$54.1M
$1.47M 0.08%
142,964
– –
5 6
7
8 9

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Rivernorth Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Rivernorth Capital Management held 449 positions worth $1.88B, down 9.3% from $2.08B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Rivernorth Capital Management withdrew a net $191M in Q1 2025, closing 89 positions and reducing 68 holdings. Its most notable exit was SK Growth Opportunities Corporation Class A Common Stock, an estimated $11.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.6% of assets, down from 11% a quarter earlier, followed by Industrials and Consumer Staples.

Against the trend, Rivernorth Capital Management opened a new position in FG Merger II Corp Unit worth $6.28M.

  • Rivernorth Capital Management's largest Q1 2025 buy was FG Merger II Corp Unit: 642,969 shares worth $6.28M.
  • Rivernorth Capital Management added most to Nuveen Pennsylvania Quality Municipal Income Fund in Q1 2025, an estimated $6.71M increase.
  • Rivernorth Capital Management's biggest Q1 2025 reduction was BlackRock Capital Allocation Term Trust, cutting an estimated $27.2M.
  • Rivernorth Capital Management fully exited SK Growth Opportunities Corporation Class A Common Stock in Q1 2025, selling an estimated $11.6M.
  • Rivernorth Capital Management's ten largest holdings make up 27% of its $1.88B portfolio in Q1 2025.
  • Rivernorth Capital Management opened 40 new positions and closed 89 in Q1 2025.
  • Rivernorth Capital Management's portfolio value fell 9.3% quarter-over-quarter to $1.88B.

Based on Rivernorth Capital Management's 13F filing for Q1 2025, filed 15 May 2025.