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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
+3.64%
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
-$18.8M
Cap. Flow
-$76.2M
Cap. Flow %
-3.68%
Top 10 Hldgs %
30.81%
Holding
522
New
33
Increased
41
Reduced
115
Closed
59

Top Buys

Rank Stock Value
1
CLM icon
Cornerstone Strategic Value Fund
CLM
+$15.6M
2
BSTZ icon
BlackRock Science and Technology Term Trust
BSTZ
+$9.29M
3
LEGT.U
Legato Merger Corp III Units
LEGT.U
+$8.06M
4
EAD
Allspring Income Opportunities Fund
EAD
+$7.05M
5
BCX icon
BlackRock Resources & Commodities Strategy Trust
BCX
+$5.41M

Top Sells

Rank Stock Value
1
JPC icon
Nuveen Preferred & Income Opportunities Fund
JPC
+$18.2M
2
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$14.2M
3
ECAT icon
BlackRock ESG Capital Allocation Term Trust
ECAT
+$12.5M
4
GHIX
Gores Holdings IX, Inc. Class A Common Stock
GHIX
+$12.5M
5
PAXS
PIMCO Access Income Fund
PAXS
+$8.7M

Sector Composition

Rank Sector Weight
1 Financials 9.07%
2 Technology 0.91%
3 Healthcare 0.64%
4 Industrials 0.4%
5 Materials 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ESHA
176
DELISTED
ESH Acquisition Corp
ESHA
$1.5M 0.07%
145,218
-2,802
-2% -$28.9K
IBACU
177
DELISTED
IB Acquisition Corp. Unit
IBACU
$1.5M 0.07%
+150,000
New +$1.5M
ZTR
178
Virtus Total Return Fund
ZTR
$338M
$1.49M 0.07%
+267,929
New +$1.43M
OTEC
179
DELISTED
OceanTech Acquisitions I Corp. Class A Common Stock
OTEC
$1.43M 0.07%
125,528
-71,089
-36% -$819K
GODN
180
DELISTED
Golden Star Acquisition Corporation Ordinary Shares
GODN
$1.39M 0.07%
130,819
-3,483
-3% -$36.6K
AIB
181
DELISTED
AIB Acquisition Corp
AIB
$1.39M 0.07%
120,000
– –
PXH icon
182
Invesco FTSE RAFI Emerging Markets ETF
PXH
$1.97B
$1.33M 0.06%
68,427
– –
ABP
183
DELISTED
Abpro Holdings
ABP
$1.31M 0.06%
4,083
-2,563
-39% -$830K
GDST
184
DELISTED
Goldenstone Acquisition Limited Common Stock
GDST
$1.31M 0.06%
119,167
– –
NQP
185
DELISTED
Nuveen Pennsylvania Quality Municipal Income Fund
NQP
$1.31M 0.06%
110,857
– –
FAAS
186
DELISTED
DigiAsia
FAAS
$1.27M 0.06%
140,957
– –
GRML
187
Greenland Mines Ltd
GRML
$31.5M
$1.23M 0.06%
111,750
-68,194
-38% -$732K
AVHI
188
DELISTED
Achari Ventures Holdings Corp I
AVHI
$1.21M 0.06%
110,056
– –
CEM
189
DELISTED
ClearBridge MLP and Midstream Fund Inc.
CEM
$1.17M 0.06%
+25,604
New +$1.07M
MNTN
190
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$1.15M 0.06%
102,842
– –
CEFS icon
191
Saba Closed-End Funds ETF
CEFS
$437M
$1.14M 0.06%
55,200
– –
PLTN
192
DELISTED
Plutonian Acquisition Corp. Common Stock
PLTN
$1.13M 0.05%
105,000
– –
FIF
193
DELISTED
FIRST TRUST ENERGY INFRASTRUCTURE FUND
FIF
$1.12M 0.05%
+61,869
New +$1.03M
VGI
194
Virtus Global Multi-Sector Income Fund
VGI
$84.1M
$1.12M 0.05%
145,887
– –
ALSA
195
DELISTED
Alpha Star Acquisition Corp
ALSA
$1.12M 0.05%
98,841
– –
VTN icon
196
Invesco Trust for Investment Grade New York Municipals
VTN
$165M
$1.06M 0.05%
98,892
-14,718
-13% -$155K
CYCU
197
Cycurion Inc
CYCU
$6.75M
$1.06M 0.05%
3,353
-621
-16% -$199K
PCEF icon
198
Invesco CEF Income Composite ETF
PCEF
$817M
$1.01M 0.05%
53,463
– –
SPKL
199
Spark I Acquisition Corp
SPKL
$101M
$995K 0.05%
96,930
-3,066
-3% -$31.4K
FTII
200
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
$992K 0.05%
89,320
– –
6 7
8
9 10

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Rivernorth Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Rivernorth Capital Management held 522 positions worth $2.07B, down 0.9% from $2.09B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Rivernorth Capital Management withdrew a net $76.2M in Q1 2024, closing 59 positions and reducing 115 holdings. Its most notable exit was Gores Holdings IX, Inc. Class A Common Stock, an estimated $12.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.1% of assets, down from 10% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Rivernorth Capital Management opened a new position in Legato Merger Corp III Units worth $8.1M.

  • Rivernorth Capital Management's largest Q1 2024 buy was Legato Merger Corp III Units: 798,972 shares worth $8.1M.
  • Rivernorth Capital Management added most to Cornerstone Strategic Value Fund in Q1 2024, an estimated $15.6M increase.
  • Rivernorth Capital Management's biggest Q1 2024 reduction was Nuveen Preferred & Income Opportunities Fund, cutting an estimated $18.2M.
  • Rivernorth Capital Management fully exited Gores Holdings IX, Inc. Class A Common Stock in Q1 2024, selling an estimated $12.5M.
  • Rivernorth Capital Management's ten largest holdings make up 31% of its $2.07B portfolio in Q1 2024.
  • Rivernorth Capital Management opened 33 new positions and closed 59 in Q1 2024.
  • Rivernorth Capital Management's portfolio value fell 0.9% quarter-over-quarter to $2.07B.

Based on Rivernorth Capital Management's 13F filing for Q1 2024, filed 15 May 2024.