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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
-6.48%
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
$1.93B
AUM Growth
-$73.9M
Cap. Flow
+$61.5M
Cap. Flow %
3.19%
Top 10 Hldgs %
31.01%
Holding
632
New
48
Increased
91
Reduced
80
Closed
87

Top Buys

Rank Stock Value
1
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$34.7M
2
MHD icon
BlackRock MuniHoldings Fund
MHD
+$19.3M
3
BLE
BlackRock Municipal Income Trust II
BLE
+$14M
4
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$13.2M
5
MUI
BlackRock Municipal Income Fund, Inc.
MUI
+$13M

Top Sells

Rank Stock Value
1
BBDC icon
Barings BDC
BBDC
+$26.1M
2
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$16.6M
3
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$15.9M
4
PDO
PIMCO Dynamic Income Opportunities Fund
PDO
+$15.8M
5
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$13.3M

Sector Composition

Rank Sector Weight
1 Financials 12.36%
2 Healthcare 1.47%
3 Technology 1.18%
4 Industrials 1.07%
5 Consumer Discretionary 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PMF
176
DELISTED
PIMCO Municipal Income Fund
PMF
$1.76M 0.09%
210,262
+72,991
+53% +$695K
TBMC
177
DELISTED
Trailblazer Merger Corp I
TBMC
$1.69M 0.09%
164,022
– –
DECA
178
DELISTED
Denali Capital Acquisition Corp. Class A Ordinary Shares
DECA
$1.69M 0.09%
154,800
– –
HOVR icon
179
New Horizon Aircraft
HOVR
$136M
$1.68M 0.09%
159,489
– –
KACL
180
DELISTED
Kairous Acquisition Corp. Limited Ordinary Shares
KACL
$1.67M 0.09%
148,636
– –
CEV
181
Eaton Vance California Municipal Income Trust
CEV
$74.6M
$1.67M 0.09%
182,486
+163,968
+885% +$1.61M
GLQ
182
Clough Global Equity Fund
GLQ
$157M
$1.67M 0.09%
304,299
+15,718
+5% +$94.8K
CURR
183
Currenc Group
CURR
$418M
$1.65M 0.09%
+150,000
New +$1.64M
WINV
184
DELISTED
WinVest Acquisition Corp. Common Stock
WINV
$1.63M 0.08%
150,000
– –
FGMC
185
DELISTED
FG Merger Corp. Common Stock
FGMC
$1.63M 0.08%
337,984
-162,012
-32% -$1.65M
GLLI
186
DELISTED
Globalink Investment Inc. Common Stock
GLLI
$1.62M 0.08%
150,172
– –
VFL
187
DELISTED
abrdn National Municipal Income Fund
VFL
$1.61M 0.08%
+187,326
New +$1.8M
KRNL
188
DELISTED
Kernel Group Holdings, Inc. Class A Ordinary Shares
KRNL
$1.58M 0.08%
149,022
-50,000
-25% -$525K
ISD
189
PGIM High Yield Bond Fund
ISD
$418M
$1.57M 0.08%
132,968
-62,985
-32% -$770K
DIST
190
DELISTED
Distoken Acquisition Corp
DIST
$1.56M 0.08%
149,049
– –
FAAS
191
DELISTED
DigiAsia
FAAS
$1.55M 0.08%
140,957
– –
TMTC
192
DELISTED
TMT Acquisition Corp Ordinary Shares
TMTC
$1.55M 0.08%
148,080
-1,920
-1% -$19.9K
ESHA
193
DELISTED
ESH Acquisition Corp
ESHA
$1.5M 0.08%
+148,020
New +$1.49M
ACAC
194
DELISTED
Acri Capital Acquisition Corp
ACAC
$1.48M 0.08%
135,822
– –
FIF
195
DELISTED
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
$1.47M 0.08%
97,377
-12,944
-12% -$197K
CXH
196
DELISTED
MFS Investment Grade Municipal Trust
CXH
$1.43M 0.07%
202,179
+7,774
+4% +$57.6K
MEGI
197
MainStay CBRE Global Infrastructure Megatrends Term Fund
MEGI
$784M
$1.43M 0.07%
121,191
+73,020
+152% +$972K
ABP
198
DELISTED
Abpro Holdings
ABP
$1.42M 0.07%
+4,496
New +$1.42M
OKLO
199
Oklo
OKLO
$8.74B
$1.42M 0.07%
137,000
– –
GODN
200
DELISTED
Golden Star Acquisition Corporation Ordinary Shares
GODN
$1.39M 0.07%
+134,302
New +$1.37M
6 7
8
9 10

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Rivernorth Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Rivernorth Capital Management held 632 positions worth $1.93B, down 3.7% from $2B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management deployed $61.5M of net new capital in Q3 2023, opening 48 new positions and adding to 91 existing holdings. Its largest new stake was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.

By sector, the portfolio is most concentrated in Financials at 12% of assets, down from 13% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Barings BDC, an estimated $26.1M trimmed.

  • Rivernorth Capital Management's largest Q3 2023 buy was Nuveen Preferred & Income Opportunities Fund: 1,684,591 shares worth $10.7M.
  • Rivernorth Capital Management added most to Nuveen AMT-Free Quality Municipal Income Fund in Q3 2023, an estimated $34.7M increase.
  • Rivernorth Capital Management's biggest Q3 2023 reduction was Barings BDC, cutting an estimated $26.1M.
  • Rivernorth Capital Management fully exited BlackRock Corporate High Yield Fund in Q3 2023, selling an estimated $9.1M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $1.93B portfolio in Q3 2023.
  • Rivernorth Capital Management opened 48 new positions and closed 87 in Q3 2023.
  • Rivernorth Capital Management's portfolio value fell 3.7% quarter-over-quarter to $1.93B.

Based on Rivernorth Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.