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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
+9.45%
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
$2.09B
AUM Growth
+$159M
Cap. Flow
-$8M
Cap. Flow %
-0.38%
Top 10 Hldgs %
31.09%
Holding
587
New
43
Increased
68
Reduced
80
Closed
98

Top Buys

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$50.4M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$21.8M
3
MYD
BlackRock MuniYield Fund
MYD
+$19.7M
4
NUV icon
Nuveen Municipal Value Fund
NUV
+$13.2M
5
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$12.5M

Top Sells

Rank Stock Value
1
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$42M
2
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$28.5M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$23.2M
4
ZTR
Virtus Total Return Fund
ZTR
+$18M
5
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$17.3M

Sector Composition

Rank Sector Weight
1 Financials 10.43%
2 Technology 0.93%
3 Healthcare 0.8%
4 Industrials 0.53%
5 Consumer Discretionary 0.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KRNL
176
DELISTED
Kernel Group Holdings, Inc. Class A Ordinary Shares
KRNL
$1.6M 0.08%
149,022
– –
GLLI
177
DELISTED
Globalink Investment Inc. Common Stock
GLLI
$1.59M 0.08%
146,895
-3,277
-2% -$35.5K
FAAS
178
DELISTED
DigiAsia
FAAS
$1.58M 0.08%
140,957
– –
NETD
179
DELISTED
Nabors Energy Transition Corp II
NETD
$1.57M 0.08%
151,306
-133,692
-47% -$1.37M
TMTC
180
DELISTED
TMT Acquisition Corp Ordinary Shares
TMTC
$1.57M 0.08%
148,080
– –
ISD
181
PGIM High Yield Bond Fund
ISD
$418M
$1.55M 0.07%
126,099
-6,869
-5% -$80.9K
ESHA
182
DELISTED
ESH Acquisition Corp
ESHA
$1.51M 0.07%
148,020
– –
ACAC
183
DELISTED
Acri Capital Acquisition Corp
ACAC
$1.5M 0.07%
135,822
– –
MFM
184
Aberdeen Municipal Income Fund
MFM
$222M
$1.48M 0.07%
286,743
-119,273
-29% -$575K
GODN
185
DELISTED
Golden Star Acquisition Corporation Ordinary Shares
GODN
$1.4M 0.07%
134,302
– –
AIB
186
DELISTED
AIB Acquisition Corp
AIB
$1.38M 0.07%
120,000
– –
HOVR icon
187
New Horizon Aircraft
HOVR
$136M
$1.33M 0.06%
159,489
– –
PXH icon
188
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.97B
$1.31M 0.06%
68,427
– –
CYCU
189
Cycurion Inc
CYCU
$6.75M
$1.28M 0.06%
3,974
– –
NQP
190
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$1.28M 0.06%
110,857
– –
GDST
191
DELISTED
Goldenstone Acquisition Limited Common Stock
GDST
$1.28M 0.06%
119,167
-65,833
-36% -$708K
BENF icon
192
Beneficient
BENF
$39.8M
$1.22M 0.06%
3,880
– –
CLM icon
193
Cornerstone Strategic Value Fund
CLM
$2.25B
$1.21M 0.06%
+170,989
New +$1.22M
AVHI
194
DELISTED
Achari Ventures Holdings Corp I
AVHI
$1.2M 0.06%
110,056
-3,799
-3% -$40.8K
VTN icon
195
Invesco Trust for Investment Grade New York Municipals
VTN
$165M
$1.18M 0.06%
+113,610
New +$1.08M
PZC
196
DELISTED
PIMCO California Municipal Income Fund III
PZC
$1.18M 0.06%
159,647
-9,500
-6% -$65.5K
VGI
197
Virtus Global Multi-Sector Income Fund
VGI
$84.1M
$1.14M 0.05%
145,887
– –
MNTN
198
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$1.13M 0.05%
102,842
– –
PLTN
199
DELISTED
Plutonian Acquisition Corp. Common Stock
PLTN
$1.12M 0.05%
105,000
– –
ALSA
200
DELISTED
Alpha Star Acquisition Corp
ALSA
$1.11M 0.05%
98,841
– –
6 7
8
9 10

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Rivernorth Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Rivernorth Capital Management held 587 positions worth $2.09B, up 8.3% from $1.93B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management's Q4 2023 filing shows 43 new, 68 increased, 80 reduced and 98 closed positions. Its largest new stake was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M. The largest sale was Nuveen Preferred & Income Securities Fund, an estimated $42M.

By sector, the portfolio is most concentrated in Financials at 10% of assets, down from 12% a quarter earlier, followed by Technology and Healthcare.

  • Rivernorth Capital Management's largest Q4 2023 buy was BlackRock Science and Technology Term Trust: 770,783 shares worth $12.9M.
  • Rivernorth Capital Management added most to Nuveen Preferred & Income Opportunities Fund in Q4 2023, an estimated $50.4M increase.
  • Rivernorth Capital Management's biggest Q4 2023 reduction was Nuveen AMT-Free Quality Municipal Income Fund, cutting an estimated $28.5M.
  • Rivernorth Capital Management fully exited Nuveen Preferred & Income Securities Fund in Q4 2023, selling an estimated $42M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.09B portfolio in Q4 2023.
  • Rivernorth Capital Management opened 43 new positions and closed 98 in Q4 2023.
  • Rivernorth Capital Management's portfolio value rose 8.3% quarter-over-quarter to $2.09B.

Based on Rivernorth Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.