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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
+3.24%
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
$2.22B
AUM Growth
-$9.14M
Cap. Flow
-$68.7M
Cap. Flow %
-3.1%
Top 10 Hldgs %
27.51%
Holding
975
New
103
Increased
138
Reduced
81
Closed
258

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$29.4M
3
NUV icon
Nuveen Municipal Value Fund
NUV
+$26.8M
4
NAC icon
Nuveen California Quality Municipal Income Fund
NAC
+$26M
5
BTT icon
BlackRock Municipal 2030 Target Term Trust
BTT
+$21.4M

Top Sells

Rank Stock Value
1
NRK icon
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
+$41.4M
2
GBDC icon
Golub Capital BDC
GBDC
+$35.8M
3
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$15.2M
4
VKQ icon
Invesco Municipal Trust
VKQ
+$15M
5
VVR icon
Invesco Senior Income Trust
VVR
+$12.6M

Sector Composition

Rank Sector Weight
1 Financials 19.93%
2 Industrials 1.07%
3 Technology 1.07%
4 Healthcare 0.96%
5 Consumer Discretionary 0.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PICC
176
DELISTED
Pivotal Investment Corporation III
PICC
$2.34M 0.11%
231,060
+217,575
+1,613% +$2.17M
GPACU
177
DELISTED
Global Partner Acquisition Corp II Unit
GPACU
$2.33M 0.1%
230,496
+13,185
+6% +$132K
SBI
178
Western Asset Intermediate Muni Fund
SBI
$107M
$2.32M 0.1%
306,048
+105,715
+53% +$790K
NBST
179
DELISTED
Newbury Street Acquisition Corporation Common Stock
NBST
$2.31M 0.1%
231,160
+31,160
+16% +$309K
FSRXU
180
DELISTED
FinServ Acquisition Corp. II Unit
FSRXU
$2.3M 0.1%
229,376
+209,376
+1,047% +$2.08M
RMGC
181
DELISTED
RMG Acquisition Corp. III Class A Ordinary Shares
RMGC
$2.29M 0.1%
+227,100
New +$2.27M
FSNB.U
182
DELISTED
Fusion Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
FSNB.U
$2.29M 0.1%
228,334
+215,336
+1,657% +$2.14M
JUN
183
DELISTED
Juniper II Corp.
JUN
$2.29M 0.1%
225,000
– –
GENQU
184
DELISTED
Genesis Unicorn Capital Corp. Unit
GENQU
$2.28M 0.1%
215,000
– –
PACI.U
185
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
$2.27M 0.1%
220,000
– –
BGSX
186
DELISTED
Build Acquisition Corp.
BGSX
$2.27M 0.1%
226,990
+127,000
+127% +$1.26M
LBBB
187
DELISTED
Lakeshore Acquisition II Corp. Ordinary Shares
LBBB
$2.27M 0.1%
222,982
+20,612
+10% +$209K
TWLV
188
DELISTED
Twelve Seas Investment Company II Class A Common Stock
TWLV
$2.27M 0.1%
225,193
+185,200
+463% +$1.84M
GLLI
189
DELISTED
Globalink Investment Inc. Common Stock
GLLI
$2.17M 0.1%
213,000
– –
HSPOU
190
DELISTED
Horizon Space Acquisition I Corp Unit
HSPOU
$2.17M 0.1%
+215,000
New +$2.17M
MCAG
191
DELISTED
Mountain Crest Acquisition Corp. V Common Stock
MCAG
$2.16M 0.1%
+215,000
New +$2.15M
NUO
192
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
$2.16M 0.1%
170,168
-230,528
-58% -$2.83M
MURFU
193
DELISTED
Murphy Canyon Acquisition Corp. Unit
MURFU
$2.14M 0.1%
200,000
– –
GEEXU
194
DELISTED
Games & Esports Experience Acquisition Corp. Unit
GEEXU
$2.14M 0.1%
198,715
– –
MNP
195
DELISTED
Western Asset Municipal Partners Fund, Inc.
MNP
$2.14M 0.1%
183,514
-8,341
-4% -$95.9K
POW
196
DELISTED
Powered Brands Class A Ordinary Shares
POW
$2.13M 0.1%
210,773
+7,273
+4% +$72.9K
KSI
197
DELISTED
Kadem Sustainable Impact Corporation Class A common stock
KSI
$2.12M 0.1%
210,874
+110,000
+109% +$1.09M
MEOA
198
DELISTED
Minority Equality Opportunities Acquisition Inc. Class A Common Stock
MEOA
$2.08M 0.09%
200,000
– –
OTEC
199
DELISTED
OceanTech Acquisitions I Corp. Class A Common Stock
OTEC
$2.07M 0.09%
196,617
– –
AAC.U
200
DELISTED
Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
AAC.U
$2.07M 0.09%
203,369
+124,145
+157% +$1.25M
6 7
8
9 10

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Rivernorth Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Rivernorth Capital Management held 975 positions worth $2.22B, down 0.41% from $2.23B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

Rivernorth Capital Management withdrew a net $68.7M in Q4 2022, closing 258 positions and reducing 81 holdings. Its most notable exit was Nuveen New York AMT-Free Quality Municipal Income Fund, an estimated $41.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 20% of assets, down from 27% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in BlackRock Corporate High Yield Fund worth $20.8M.

  • Rivernorth Capital Management's largest Q4 2022 buy was BlackRock Corporate High Yield Fund: 2,381,391 shares worth $20.8M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q4 2022, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q4 2022 reduction was Golub Capital BDC, cutting an estimated $35.8M.
  • Rivernorth Capital Management fully exited Nuveen New York AMT-Free Quality Municipal Income Fund in Q4 2022, selling an estimated $41.4M.
  • Rivernorth Capital Management's ten largest holdings make up 28% of its $2.22B portfolio in Q4 2022.
  • Rivernorth Capital Management opened 103 new positions and closed 258 in Q4 2022.
  • Rivernorth Capital Management's portfolio value fell 0.41% quarter-over-quarter to $2.22B.

Based on Rivernorth Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.