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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
+1.99%
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
-$154M
Cap. Flow
-$183M
Cap. Flow %
-8.88%
Top 10 Hldgs %
28.76%
Holding
850
New
133
Increased
85
Reduced
77
Closed
212

Top Buys

Rank Stock Value
1
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$25.5M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$19.8M
3
PDI icon
PIMCO Dynamic Income Fund
PDI
+$17.5M
4
PHK
PIMCO High Income Fund
PHK
+$13M
5
WIW
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
+$11.9M

Top Sells

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$29.7M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$18.2M
3
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$14.6M
4
PEPL
PepperLime Health Acquisition Corporation Class A Ordinary Share
PEPL
+$13.1M
5
JWSM
Jaws Mustang Acquisition Corp.
JWSM
+$12.4M

Sector Composition

Rank Sector Weight
1 Financials 17.27%
2 Industrials 1.55%
3 Technology 1.3%
4 Healthcare 0.84%
5 Consumer Discretionary 0.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GDNR
176
DELISTED
Gardiner Healthcare Acquisitions Corp. Common Stock
GDNR
$2.09M 0.1%
200,000
– –
HMA.U
177
DELISTED
Heartland Media Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
HMA.U
$2.09M 0.1%
200,000
– –
ATMCU
178
DELISTED
AlphaTime Acquisition Corp Unit
ATMCU
$2.08M 0.1%
200,000
– –
DMYY.U
179
DELISTED
dMY Squared Technology Group Units
DMYY.U
$2.08M 0.1%
200,000
– –
STET.U
180
DELISTED
ST Energy Transition I Ltd. SAIL securities, each consisting of one Class A ordinary share and one-half of one redeemable warrant
STET.U
$2.07M 0.1%
198,716
– –
BWAQU
181
DELISTED
Blue World Acquisition Corporation Unit
BWAQU
$2.07M 0.1%
200,000
– –
MARXU
182
DELISTED
Mars Acquisition Corp. Unit
MARXU
$2.07M 0.1%
+200,000
New +$2.05M
ROCL
183
DELISTED
Roth CH Acquisition V Co. Common Stock
ROCL
$2.06M 0.1%
199,998
– –
KRNL
184
DELISTED
Kernel Group Holdings, Inc. Class A Ordinary Shares
KRNL
$2.06M 0.1%
200,000
+150,000
+300% +$1.53M
ISRLU
185
DELISTED
Israel Acquisitions Corp Unit
ISRLU
$2.06M 0.1%
+200,000
New +$2.05M
FICV
186
DELISTED
Frontier Investment Corp Class A Ordinary Shares
FICV
$2.04M 0.1%
199,998
– –
PEGR
187
DELISTED
Project Energy Reimagined Acquisition Corp. Class A Ordinary Share
PEGR
$2.04M 0.1%
199,996
– –
PEPL
188
DELISTED
PepperLime Health Acquisition Corporation Class A Ordinary Share
PEPL
$2.04M 0.1%
200,000
-1,285,000
-87% -$13.1M
ACRO
189
DELISTED
Acropolis Infrastructure Acquisition Corp
ACRO
$2.03M 0.1%
199,998
– –
CMU
190
DELISTED
MFS High Yield Municipal Trust
CMU
$2.02M 0.1%
628,463
+169,957
+37% +$547K
ASCA
191
DELISTED
A SPAC I Acquisition Corp. Class A Ordinary Share
ASCA
$2.02M 0.1%
+191,996
New +$1.98M
EFT
192
Eaton Vance Floating-Rate Income Trust
EFT
$288M
$2.01M 0.1%
174,273
-69,595
-29% -$811K
GENQ
193
DELISTED
Genesis Unicorn Capital Corp. Class A Common Stock
GENQ
$1.98M 0.1%
+187,688
New +$1.95M
GDSTU
194
DELISTED
Goldenstone Acquisition Limited Units
GDSTU
$1.94M 0.09%
185,000
– –
QFTA
195
DELISTED
Quantum FinTech Acquisition Corporation
QFTA
$1.94M 0.09%
190,000
+15,000
+9% +$152K
MPRA
196
DELISTED
Mercato Partners Acquisition Corporation Class A Common Stock
MPRA
$1.93M 0.09%
184,828
-65,170
-26% -$676K
OCAX
197
DELISTED
OCA Acquisition Corp. Class A Common Stock
OCAX
$1.91M 0.09%
183,745
– –
ACP
198
abrdn Income Credit Strategies Fund
ACP
$641M
$1.91M 0.09%
+291,831
New +$2.17M
FPL
199
DELISTED
FIRST TRUST NEW OPPORTUNITIES MLP & ENERGY FUND
FPL
$1.9M 0.09%
317,804
– –
ROCLU
200
DELISTED
Roth CH Acquisition V Co. Unit
ROCLU
$1.88M 0.09%
182,280
– –
6 7
8
9 10

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Rivernorth Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Rivernorth Capital Management held 850 positions worth $2.07B, down 7% from $2.22B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Rivernorth Capital Management withdrew a net $183M in Q1 2023, closing 212 positions and reducing 77 holdings. Its most notable exit was Jaws Mustang Acquisition Corp., an estimated $12.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 20% a quarter earlier, followed by Industrials and Technology.

Against the trend, Rivernorth Capital Management opened a new position in PIMCO Income Strategy Fund II worth $7.72M.

  • Rivernorth Capital Management's largest Q1 2023 buy was PIMCO Income Strategy Fund II: 1,077,061 shares worth $7.72M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Municipal Credit Income Fund in Q1 2023, an estimated $25.5M increase.
  • Rivernorth Capital Management's biggest Q1 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $29.7M.
  • Rivernorth Capital Management fully exited Jaws Mustang Acquisition Corp. in Q1 2023, selling an estimated $12.4M.
  • Rivernorth Capital Management's ten largest holdings make up 29% of its $2.07B portfolio in Q1 2023.
  • Rivernorth Capital Management opened 133 new positions and closed 212 in Q1 2023.
  • Rivernorth Capital Management's portfolio value fell 7% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2023, filed 15 May 2023.